live now to professor tim benton, research director, environment and society centre. thank you very much forjoining us today, tim. lots of things of course influence the price we end up paying for ourfood, things like transport, wages and supermarkets. are the increases that we are seeing in the costs of food commodities being passed on to consumers in foal, orare being passed on to consumers in foal, or are they being absorbed, at least in some parts, in the supply chain? to a parts, in the supply chain? trr a certain extent, both. if you think back to our current period of inflation, where we've had, post—ukraine, post—pandemic, a global cost—of—living crisis. sorry, i'm getting a lot of feedback, i'm getting a lot of feedback, i can't hear myself... thank you. global cost—of—living crisis, some of that is being driven by environmental effects, some of it being driven by politics, but as climate change increasingly bites, we are going to get a lot more pressure on everyday commodities, the sort of thing is both ingredients and whole foods that we eat, and i think it is inevitable in the long run that food price inflation is going to stay with us. indeed. as you mention the fair, climate change, it is with us, we are unlikely to be able to turn back the clock on it, the best we can do is try to control it. but can anything be done to mitigate the impact on crops and stock prices going up, as you describe? more sophisticated farming techniques, perhaps? ii sophisticated farming techniques, perhaps? if you think about _ techniques, perhaps? if you think about the _ techniques, perhaps? if you think about the range - techniques, perhaps? if you think about the range of - techniques, perhaps? if you i think about the range of things that the weather were thrown at us, it is notjust the current heatwave is people are expecting but it is also drought, the lack of water, flood, storms. it is about agriculture but also about people's exposure in the fields, it is about logistics, a whole range of different things. any one of those areas can be affected by extreme weather, and so whilst there are technological things that can be done, for example heat, you know, shading could be put in place perhaps, or irrigation to help cool the plants, soil management, there are technological things that can be done, but ultimately we have to build a more resilient food system, which will cost money, because that requires diversification of supply chains, it requires a whole range of new technologies, it requires better storage facilities, better cold chains so that just doesn't facilities, better cold chains so thatjust doesn't get impacted, and inevitably in the long run, unless we mitigate and reduce the carbon emissions, this isjust going to become a ratchet that makes things worse and worse and worse over the years.- things worse and worse and worse over the years. dare i ask, worse over the years. dare i ask. could _ worse over the years. dare i ask, could there _ worse over the years. dare i ask, could there be - worse over the years. dare i ask, could there be a - worse over the years. dare i ask, could there be a bright| ask, could there be a bright side? could we see parts of the world with either more rainfall or more sunshine where we can start growing crops that wouldn't have grown before? yes, inevitably, as the climate changes there will be places where new things can be grown, for example, you know, wine in the uk is quite a novel thing, but as the weather gets more extreme, every area will be affected, and if you just think back to last year or two in the uk, we have had excessive wet, without excessive heat, we've had excessive dryer, —— dry, and the volatility that the weather is going to put in means that almost everywhere will be impacted even if on average it is hot enough to grow new things in new places. professor tim benton, thank you forjoining us today. we were talking a lot about nvidia earlier this week. the ai chip—making giant that became the world's most valuable company. it has handed that crown back to microsoft, after its shares fell over 3% on thursday. despite that, the artificial intelligence chip—making powerhouse has seen a remarkable rise in recent yea rs. the bbc�*s north america business correspondent erin delmore takes a look atjust how big the ai giant has become. it is hard to talk about the us stock market gains, or the artificial intelligence boom, without talking about nvidia. the ai chip giant was named the king of wall street earlier this week, when itjostled its way into the number one spot for most valuable company. to put its whopping market capitalisation into context, get a load of this. nvidia alone tops the entire stock market value of germany. it also tops the stock market value of france, and the same could be said for the entire stock market value of the uk. those are some of the world's largest economies. deutsche bank research crunched the data. nvidia has enjoyed a meteoric rise, adding a $4 trillion in market capitaljust a month this year. the firm has been capitalising around the fever of artificial intelligence. the chips made by the company are used to power the company are used to power the ai applications that are in use and in development now, and companies are betting they will be instrumental in the future. shares of nvidia are up around 170% this year. erin delmore there. as eu finance ministers gather today in luxembourg, at a time when alarm has spread across french and european markets. ever since emmanuel macron gambled on snap elections that could bring the hard—right national rally or the left—wing new popular front to power, traders have been selling off french bonds amid mounting fears of a debt crisis in europe's second—largest economy. earlier this week, the european commission reprimanded france for breaching the eu's budget rules and whatever the results of the election, france's next prime ministerfaces a brutalfiscal crunch. tomasz michalski, associate professor of economics at the hec business school in paris. how precarious was france's situation, even before these elections were called? so the situation was the following: the french had a long—term plan to bring the deficit down to 3% of gdp by 2027 in a very orderly manner, but that plan that was already put in place in 2023 because of weaker economic growth already started to malfunction. so what happened was, earlier in this year, there were budget cuts made of io year, there were budget cuts made of 10 billion euros, and thenit made of 10 billion euros, and then it was envisaged that to meet that particular plan, you would have to have additional cuts in the order of 40 to 60 billion euros throughout until 2027. then s&p downgraded france, given that this plan was not credible any longer to financial markets, and then we know what happened, and now we are in a big, uncertain world. that being said, france has a lot of fiscal capacity. the transition is not going to be as smooth as they planned and willing to be.— willing to be. said to be clear, the _ willing to be. said to be clear, the bond - willing to be. said to be| clear, the bond markets willing to be. said to be - clear, the bond markets are concerned that either the national rally or the new popular front, national rally or the new popularfront, the right and the left of politics, if they won't perhaps make the difficult decisions that are required, if they end up in power? required, if they end up in ower? , , , ., power? so, yes, there is going to be a lot _ power? so, yes, there is going to be a lot of _ power? so, yes, there is going to be a lot of potential- power? so, yes, there is going to be a lot of potential new - to be a lot of potential new spending that may be unfounded. that is something to be figured out, because for example, the front runner made a load of pledges, including rolling back the retirement reform, but once the retirement reform, but once the prospect of power is very close, they are actually saying well, no, maybe not, we will not know what they are actually going to do. that being said, the uncertainty is supposed to knock off from the gdp growth, which is a majorfactor in knock off from the gdp growth, which is a major factor in this equation, by something like 0.03% at least over a couple of years, which means that is going to make the situation difficult, and the markets are putting now a larger premium. france has a lot of very long—term debt, as far back as two or three years back. they are paying the lowest shares of gdp in interest 50, 60 years, precisely because the interest rates were so low. now they are getting back to long—term normal, and this is going to have important implications. sorry to have to cut you off but time is against us. thank you forjoining us.— you for “oining us. thank you ve you forjoining us. thank you very much- _ now, i'm sure you heard about fake goods, like watches or sneakers, but this was a new one to me — fake cars. well, italy's antitrust authority has fined a local automobile company $6.4 million, after determining it had illegally labelled vehicles from chinese manufacturers — including chery automobile co — as italian—made. suranjana tewari is following the story from our asia business hub in singapore. tell us more. yes, well, regulators _ tell us more. yes, well, regulators in _ tell us more. yes, well, regulators in italy - tell us more. yes, well, regulators in italy have i tell us more. yes, well, - regulators in italy have found the —— have fined the italian auto—maker is dr automobiles for what they say misled consumers about the origins of some of the models of its cars will stop essentially dr samples low—cost cars in italy using components imported from chinese manufacturers including chery and jack. the problem is regulators by saying they were entirely manufactured in italy, when actually most of the production happens in china, withjust minor production happens in china, with just minor finishing rather happening in italy. now, these are the dr and evo models, and they include fully electric models as well. dr says it will appeal, saying it never claimed its cars were entirely manufactured in italy. its founder disputed the ruling and described it as incredible. italy's recently ta ken and described it as incredible. italy's recently taken a and described it as incredible. italy's recently ta ken a really hard line on country of origin issues, in relation to vehicles. last month, still aren't as removed the italian flag from the rear bumpers of its polish produced fiat 600, after italian authorities repeatedly accused the auto—maker of being misleading on the origin of vehicles made abroad. tensions are of course running high between china and the european union as well over car imports, with the eu planning tariffs to protect its production from what it says is unfair chinese competition, especially in electric vehicles.— especially in electric vehicles. ., ~ , especially in electric vehicles. . , . around the world and across the uk, this is bbc news. the us has announced plans to ban the sale of antivirus software made by russian firm, kaspersky, due to its alleged links to the kremlin. moscow's influence over the company was found to pose a significant risk to us infrastructure and services, commerce secretary gina raimondo said on thursday. live now to susannah streeter, head of money and markets at hargreaves la nsdown. what do you make of this? going to be a big _ what do you make of this? going to be a big blow— what do you make of this? going to be a big blow to _ what do you make of this? going to be a big blow to kaspersky's . to be a big blow to kaspersky's reputation and potentially its sales, notjust to the us, but also potentially around the world as well. now, the commerce department has said it made this call because it is concerned about us national security, and that it may be that kaspersky could have access to really kind of sensitive networks, and be forced, perhaps, to install malware on computers and various other security issues it has highlighted, which is the reason why it has brought in this ban, which will effectively be in place from 29th september, but for any new business, 30 days from this announcement. now, kaspersky says it has no ties with the russian government, it is privately managed. it believes that this decision was made rarely on the present geopolitical climate, and theoretical concerns, rather than actually a real look under the bonnet at kaspersky's products and services and how they are used, it denies this is a threat to us national security and says actually it is now going to pursue legal options to preserve its reputation and its operations. thank you. the boss of the international airline federation iata has told the bbc that the aviation industry needs boeing, and that airlines will work with it to fix its problems. it's being predicted this will be a bumper year forflight, with near on five billion passengers taking to the skies. boeing's been told it must make fewer planes, while it's trying to put the right systems in place to ensure their quality, and that's causing problems for airlines, who need new planes to expand. willie walsh was speaking to my colleague, aaron heslehurst, about confidence in boeing. i think they are concerned, given the promissory face and the speed of which progress is being made. they are cautious about the future. we want to see greater certainty around what boeing will do. personally, i am confident that they will address it. i see a clear determination on their part to put behind them all of these issues. i think they know what the problems are, and solving those problems will require some work but it is not impossible to do. itjust requires the rote focus, the right attitude, the right culture, and i think boeing is on the rightjourney at culture, and i think boeing is on the right journey at the moment. but we need as an industry to see a strong boeing and we will work with them to get where they need to be, because we can't have an industry that is almost totally dependent on one manufacturer. there has been a lot of talk in a post—pandemic about the higher airfares. are a post—pandemic about the higher air fares. are these the new normal, because i know you and others, the airlines have to fund this greedy transition somehow. iii to fund this greedy transition somehow— somehow. if you look at the profitability _ somehow. if you look at the profitability in _ somehow. if you look at the profitability in the _ somehow. if you look at the profitability in the margin i profitability in the margin terms, we are forecasting just over 3%, 3.1%. terms, we are forecasting just over3%, 3.1%. so a terms, we are forecasting just over 3%, 3.1%. so a very, very thin marginforan over 3%, 3.1%. so a very, very thin margin for an industry as important as aviation, and if you consider the long—term outlook, the transition to net zero, we know that sustainable aviation fuel is very expensive, compared to traditional feel. expensive, compared to traditionalfeel. it can be anything up to six times the price, and that's going to have to be paid by somebody, and given the margin is the industry traditionally operates with, i don't think there's any way you can avoid the reality of higher fares. way you can avoid the reality of higherfares. i think this is where politicians need to be honest. i think some people have tried to portray it as there will be no cost to net zero but it will be challenging, expensive, and ultimately consumers will have to pay more. and you can find out more in our bumper aviation special with aaron heshelurst on this weekend's talking business right here on bbc news. let's turn our attention to india, where the country's startup ecosystem has been suffering a long funding chill. but things could be now turning a corner. from mumbai here's the bbc�*s nikhil inamdar india's tally of unicorns or tech start—ups valued at over $1 billion stands at 67 this year. that is one less as compared to last year as major air tech giants dropped off the billionaires club. according to a new future unicorn index released here, a number of companies who were expected to hit the billion dollar milestone were also stopped in their tracks because of a funding squeeze that set in, post—covid. but things appear to be looking much better now for india's start—ups. internationalfunding is for india's start—ups. international funding is still slow, but that has been replaced by a lot of interest that has come from domestic investors, including chennai high network individual —— high net worth individuals that are looking to take investments in start—up ecosystem. looking to take investments in start-up ecosystem.— start-up ecosystem. india is exoected — start-up ecosystem. india is exoected to _ start-up ecosystem. india is expected to berth _ start-up ecosystem. india is expected to berth at - start-up ecosystem. india is expected to berth at least i start-up ecosystem. india is - expected to berth at least some 150 unicorns over the next five years across a wide range of sectors, fintech, e—commerce, even new areas such as ai and space technologies, and at least 20 of these soon—to—be unicorns have been founded by women, with some telephone by people who are under the age of 30. these newbie companies already employ some 150,000 people and saw their revenues jump people and saw their revenues jump some 70% last year to a cumulative six plus billion dollars, marking a major contribution to india's fast growing economy. now, if you feel an unusual compulsion to tickle and stroke your co—workers today, don't be alarmed. today is international bring your dogs to work day. originally designed to promote the adoption of dogs from shelters, doing so has become more popular in recent years, particularly since many of us got dogs during lockdown. some workplaces welcome it — others' employers are not dog people. someone who knows about the pros and cons of dogs at work is nick weston. he is the head of international campaigns and companion animals with the global animal welfare organisation, four paws. next, thank you forjoining us. don't you have a dog fair that you could have on your lap to accompany you on bring your work to —— bring your dog to work to —— bring your dog to work day? work to -- bring your dog to work day?— work to -- bring your dog to work day? work to -- bring your dog to work da ? ., ., , , ., work day? unfortunately my dog does not start _ work day? unfortunately my dog does not start work _ work day? unfortunately my dog does not start work at _ work day? unfortunately my dog does not start work at five - work day? unfortunately my dog does not start work at five to - does not start work at five to six in the morning and as a greyhound is probably a bit big to sit on my lap and trust me, she has enjoyed the benefits of being an office dog in her life. ., . y being an office dog in her life. ., ., , ., , ., life. how many workplaces do ou life. how many workplaces do you think _ life. how many workplaces do you think are _ life. how many workplaces do you think are actually - life. how many workplaces do | you think are actually engaging with this, and allowing it to happen? with this, and allowing it to ha en? ., , , with this, and allowing it to hauen? ., , , .,�* with this, and allowing it to ha en? ., , , ., �* 4' ., happen? honestly i don't know but i happen? honestly i don't know but i think— happen? honestly i don't know but i think they _ happen? honestly i don't know but i think they should - happen? honestly i don't know but i think they should be - but i think they should be more. there is a great incentive for employers and employees to have dog friendly offices. kennel club surveys have said more than 70% of people find it alleviate stress in the workplace, the majority of people say it makes the atmosphere more friendly, so there is definitely a benefit on the well—being of staff. personally, both of my dogs, i can only have because we have a dog friendly office and i stayed with that employer for eight years. so there is a lot of benefits for both the employees and the employers. have you found the campaign has achieved its objectives or help to achieve them in getting more people to adopt dogs? 15 people to adopt dogs? iis certainly true in my case and in my colleague's case, they are able to adopt dogs because of this policy. not having to worry about whether you have to leave your dog at home and their mental well—being has enabled people, including myself, to adopt dogs and take them to work with them, and of course they become part of the office family. they are a great stress relief, good incentive to get up from your desk and get away from your screen, those dogs have needs as well as you are responsible for them so it means you take better care of yourself. so i think it does work. it care of yourself. so i think it does work-— does work. it is not going to make make _ does work. it is not going to make make every _ does work. it is not going to make make every dog, - does work. it is not going to . make make every dog, though, does work. it is not going to - make make every dog, though, is it? i have two myself, one would love it, the other would absolutely hate it, so what are the kind of guidelines you would suggest to make sure it is good for people and dogs? i think you need to make sure there is enough space in the office you might need to rearrange a few desks. in some cases, i know for me we have had an office where we have had to have a rotor because you can't have too many dogs in the office. and of course you need to make sure it is appropriate for both the animal and the employer. but i think it can be done sensibly. 0bviously employer. but i think it can be done sensibly. obviously it depends on the work environment. if it is an office, it is a good one, maybe not something for the factory floor. ., , ., , not something for the factory floor. . , ., , ., , ., floor. have you been able to manage. _ floor. have you been able to manage. rrot _ floor. have you been able to manage, not manage, - floor. have you been able to - manage, not manage, measure, i should say, sorry, just how many more people are bringing their dogs to work, notjust on a day like today but on a regular basis? i a day like today but on a regular basis?— a day like today but on a reuular basis? ., , , , ., ,, regular basis? i can only speak from personal— regular basis? i can only speak from personal experience - regular basis? i can only speak from personal experience but i j from personal experience but i know when i started to bring my dog to work there were those two and may one others, and then what i'm looking at now, then what i'm looking at now, the organisation that i work for, they now have dog friendly offices around the world, so there is definitely an uptake in it. ~ ., ., there is definitely an uptake init. ., ., ., in it. what would you say to any sceptical _ in it. what would you say to any sceptical employers - in it. what would you say to | any sceptical employers that might be out there, think, gosh, it is a nice idea but people will be distracted, nobody is going to do any work, and you never know what little nuggets might be left on the floor? , ., floor? the nuggets left on the floor? the nuggets left on the floor i think _ floor? the nuggets left on the floor i think people _ floor? the nuggets left on the floor i think people need - floor? the nuggets left on the floor i think people need to i floor i think people need to take care of their dogs and irresponsible owners, but i think the benefits certainly outweigh the downsides. yes, maybe people are distracted from their work on occasion but everyone needs time away from their screen. everyone needs time away from theirscreen. it everyone needs time away from their screen. it creates a nice, social atmosphere, it improves morale, alleviate stress, it makes the workplace a lot more friendly, so i think there is little distractions are actually what make people more productive in the long run. ., ~' more productive in the long run. . ~ , ., more productive in the long run. ., ~ more productive in the long run. . ,., run. thank you, nick weston from four — run. thank you, nick weston from four pause. _ run. thank you, nick weston from four pause. thank - run. thank you, nick weston from four pause. thank you | run. thank you, nick weston i from four pause. thank you for joining us. now look at the markets. asian indices falling, afterjapan�*s may core inflation data came in slightly cooler than expected. in the us, the s&p 500 briefly hit a new record high, before ending the session lower. nvidia, as we were mentioning earlier, lost its spot as world's most valuable company, in the same week in which it gained it. that is business today. hello, there. desired ingredients to make the perfect summer solstice is obviously plenty of sunshine and plenty of warmth — and we had just that on thursday. the question is, will it continue into the weekend? and the answer is, on the whole, yes. warm for many of us with sunny spells, but there will be some rain around in the far west. let's take a look at that. arriving in the next few hours, this weather front here, tied into this area of low pressure, will bring a little bit more of a breeze and some showery outbreaks of rain into the north—west, albeit slowly. light winds elsewhere, maybe a little bit of early morning mist, but that will clear away very quickly indeed. a lot of sunshine for east wales, central, southern, and eastern england, along with eastern scotland throughout the day. we will start to gradually see some rain pushing into the isles of scilly and the far tip of cornwall, maybe into south wales, too — but ahead of it with the sunshine, we'll see 23—24 celsius once again. cloudy with some showers, perhaps, moving to the isle of man, rain into northern ireland and to north—west scotland by the end of the day. a few showers ahead of it, but parts of eastern scotland, aberdeenshire in particular, may well see 19—20 celsius, if you keep the sunshine. now, as we move out of friday into the early hours of saturday morning, that frontal system continues to sink its way steadily eastwards. it will weaken off substantially, but a band of showery rain moving its way across the pennines and down into south—east england, perhaps lingering across the essex and kent coast, first thing on saturday morning. with the cloud around, those temperatures will hold up, perhaps into double digits for many. we start off on saturday with much of central and eastern england cloudy. still the odd spot or two of showery rain, but that should tend to break up, sunny spells come through, the risk of a few showers to the north—west of scotland, but on the whole, not a bad afternoon for many, and temperatures again still responding, ranging from 15—22 celsius. moving out of saturday, into sunday, on the whole, we could chase a little more in the way of cloud around, but this high pressure continues to build in for the early half of next week, and with that south—westerly flow, it will turn increasingly warm and potentially a little more humid, as well. so a good deal of dry, fine weather to start off the week. a little bit of a question mark, really, from wednesday into thursday. it might turn a little bit more unsettled. good morning, welcome to breakfast with charlie stayt and naga munchetty. 0ur headlines today... rob burrow�*s wife lindsey pays tribute to her husband, after the rugby league legend died earlier this month, from motor neurone disease. i think the legacy that he lives is just incredible. pond i think the legacy that he lives is just incredible.— i think the legacy that he lives is just incredible. and despite of the urief and just incredible. and despite of the grief and despite _ just incredible. and despite of the grief and despite the _ just incredible. and despite of the grief and despite the sadness - just incredible. and despite of the grief and despite the sadness we | grief and despite the sadness we have so much to be thankful for, for having rob in our lives. he made the world a better place to be. the prime minister says he's "incredibly angry" over allegations of conservative candidates betting on the election, as the four main party leaders face questions from an audience of voters. england remain on course to qualify but manager gareth southgate is left to reflect on a performance which raises questions over england's chances at the euros. hoping for big sand castles and profits. good morning. i have come to scarborough, britain's oldest seaside resort, to find out how businesses here are hoping the sunshine will give them a boost. sunshine certainly here at stonehenge this morning. thousands