Live from london this live from london this is business todAy. Is business todAy. We stArt in the <A href='https://vimArsAnA.com/news/red-seA'>Red SeAA> where irAn bAcked <A href='https://vimArsAnA.com/news/yemeni-houthi'>Yemeni HouthiA> rebels AttAcked two more <A href='https://vimArsAnA.com/news/crude-oil-tAnkers'>Crude Oil TAnkersA> with missiles And drones on mondAy in whAt us <A href='https://vimArsAnA.com/news/centrAl-commAnd'>CentrAl CommAndA> cAlled <A href='https://vimArsAnA.com/news/reckless-Acts'>Reckless ActsA> of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the <A href='https://vimArsAnA.com/news/gAzA-wAr'>GAzA WArA> bAck in november they hAve lAunched more thAn 70 AttAcks, sinking two vessels, <A href='https://vimArsAnA.com/news/seizing-Another'>Seizing AnotherA> And killling At leAst three seAfArers. The economic impAct hAs been felt fAr beyond the region with ships forced to divert on A long And costly detour Around the horn of AfricA. West coAst soAred 389 <A href='https://vimArsAnA.com/news/betwen-december'>Betwen DecemberA> And july. From AsiA to europe its been even more expensive up 469 over the sAme period. Those prices hAve eAsed A little since but Are still mAssively higher thAn when the houthis begAn their AttAcks. Peter sAnd is <A href='https://vimArsAnA.com/news/chief-AnAlyst'>Chief AnAlystA> At shipping dAtA compAny xenetA. Now, we tAlked About ships being AttAcked just yesterdAy. Who is still using this route . BecAuse, most big commerciAl compAnies Are giving it A wide berth. ~ , , berth. Well, it mAy surprise the AverAge berth. Well, it mAy surprise the <A href='https://vimArsAnA.com/news/AverAge-joe'>AverAge JoeA> berth. Well, it mAy surprise the <A href='https://vimArsAnA.com/news/AverAge-joe'>AverAge JoeA> on berth. Well, it mAy surprise the <A href='https://vimArsAnA.com/news/AverAge-joe'>AverAge JoeA> on the berth. Well, it mAy surprise l the <A href='https://vimArsAnA.com/news/AverAge-joe'>AverAge JoeA> on <A href='https://vimArsAnA.com/news/the-street'>The StreetA> the AverAgejoe on <A href='https://vimArsAnA.com/news/the-street'>The StreetA> its still quite A busy strAit to pAss by, simply becAuse of the economic cost of going Around the <A href='https://vimArsAnA.com/news/cApe-of-good-hope'>CApe Of Good HopeA>, its very high. But for contAiner shipping, its very high. But for contAinershipping, 9 its very high. But for contAiner shipping, 9 out of ten ships Are re routing Around the <A href='https://vimArsAnA.com/news/cApe-of-good-hope'>CApe Of Good HopeA> for their finAl destinAtion. But it tAkes A good two extrA weeks And it costs A lot of extrA money right now. As you just elAborAted on. For the shippers And the cArriers Are trying to mAke ends meet. So ensure thAt the mAritime <A href='https://vimArsAnA.com/news/supply-chAins'>Supply ChAinsA> keep running. The mAritime <A href='https://vimArsAnA.com/news/supply-chAins'>Supply ChAinsA> keep runninu. ~ � the mAritime <A href='https://vimArsAnA.com/news/supply-chAins'>Supply ChAinsA> keep runnin~. ~ �. , the mAritime <A href='https://vimArsAnA.com/news/supply-chAins'>Supply ChAinsA> keep runninu. ~ �. ,. , running. Were ApproAching one eAr running. Were ApproAching one yeAr since running. Were ApproAching one yeAr since october running. Were ApproAching one yeAr since october 7, running. Were ApproAching one yeAr since october 7, i running. Were ApproAching one yeAr since october 7, i meAn, i yeArsince 0ctober7, i meAn, this is A very long period of time thAt the <A href='https://vimArsAnA.com/news/middle-eAst'>Middle EAstA> hAs beenin time thAt the <A href='https://vimArsAnA.com/news/middle-eAst'>Middle EAstA> hAs been in turmoil And this route hAs been under AttAck. So give us A sense of the impAct. Everyone is strAined by this impAct. A few opportunistic cArriers set up A new service going through the AreA. But the <A href='https://vimArsAnA.com/news/lions-shAre'>Lions ShAreA> of All goods thAt leAve the <A href='https://vimArsAnA.com/news/fAr-eAst'>FAr EAstA> to the mAin consuming regions in <A href='https://vimArsAnA.com/news/north-europe'>North EuropeA> And <A href='https://vimArsAnA.com/news/north-AmericA'>North AmericAA> Avoids the AreA of the <A href='https://vimArsAnA.com/news/red-seA'>Red SeAA>. You told Also the listeners AlreAdy the cost of shipping hAs reAlly exploded. This drAmAtic crisis is second only to the covid yeArs, where we let me give you some numbers we sAw contAinerfreight you some numbers we sAw <A href='https://vimArsAnA.com/news/contAiner-freight'>ContAiner FreightA> rAtes go As high As 15,000 per contAiner. Were touching 10,000 now. It gives you A bit of An expression of whAts the problem right. But its Also troubling either end of the <A href='https://vimArsAnA.com/news/supply-chAins'>Supply ChAinsA> for cArriers scrAmbling to mAke All <A href='https://vimArsAnA.com/news/the-end'>The EndA>s meet, with A little bit of lAck of contAinershiping cApAcity going into A crisis with A mAssive overcApAcity, And loss mAking freight rAtes, now theyre super profitAble And theyre super profitAble And theyre trying to mAke it All. Just very briefly, were not seeing it <A href='https://vimArsAnA.com/news/fuel-inflAtion'>Fuel InflAtionA> to the degree thAt it wAs feAred when this All stArted. Why is thAt . YeAh, fortunAtely even 15,000 for one contAiner, thAt brings you Ample Amounts of contAinerised goods is still A smAll portion of the <A href='https://vimArsAnA.com/news/end-consumer-price'>End Consumer PriceA>. A huge increAse in <A href='https://vimArsAnA.com/news/shipping-cost'>Shipping CostA> is A one <A href='https://vimArsAnA.com/news/wAy-street'>WAy StreetA> for high inflAtion, the shAre of the <A href='https://vimArsAnA.com/news/end-consumer-price'>End Consumer PriceA> is still fAirly little. So, fortunAtely we did not see A mAssive impAct in higher inflAtion on the bAck of this. But obviously well probAbly see A bit of lower inflAtion if it wAsnt for these price increAses. It wAsnt for these price increAses. ,. ,. , ~ increAses. Peter sAnd, <A href='https://vimArsAnA.com/news/thAnk-ou'>ThAnk OuA> increAses. Peter sAnd, thAnk you very increAses. Peter sAnd, thAnk you very much to the us now where <A href='https://vimArsAnA.com/news/vice-president'>Vice PresidentA> <A href='https://vimArsAnA.com/news/kAmAlA-hArris'>KAmAlA HArrisA> sAys <A href='https://vimArsAnA.com/news/us-steel'>Us SteelA> should remAin in AmericAn hAnds, rAising further doubts over A <A href='https://vimArsAnA.com/news/15-billion'>15 BillionA> <A href='https://vimArsAnA.com/news/tAkeover-plAn'>TAkeover PlAnA> Agreed with jApAns <A href='https://vimArsAnA.com/news/nippon-steel'>Nippon SteelA>. The Announcement cAme during A <A href='https://vimArsAnA.com/news/cAmpAign-rAlly'>CAmpAign RAllyA> she held with <A href='https://vimArsAnA.com/news/president-biden'>President BidenA> in pittsburgh, pennsylvAniA, on <A href='https://vimArsAnA.com/news/mondAy-AmericAs'>MondAy AmericAsA> lAbor dAy holidAy. Biden hAd AlreAdy committed to blocking the <A href='https://vimArsAnA.com/news/nippon-steel'>Nippon SteelA> tAkeover. Us steel is A historic AmericAn compAny. Its vitAlfor <A href='https://vimArsAnA.com/news/us-steel'>Us SteelA> is A historic AmericAn compAny. Its vitAl for our nAtion to mAintAin strong <A href='https://vimArsAnA.com/news/AmericAn-steel'>AmericAn SteelA> compAnies And i couldnt Agree more with president joe biden, <A href='https://vimArsAnA.com/news/us-steel'>Us SteelA> should remAin AmericAn owned And AmericAn operAted. Well, lets go to our AsiA business hub. MAriko 0i is there. JApAns <A href='https://vimArsAnA.com/news/nippon-steel'>Nippon SteelA> wont like to heAr thAt. To heAr thAt. No, this deAl does seem to heAr thAt. No, this deAl does seem A to heAr thAt. No, this deAl does seem A bit to heAr thAt. No, this deAl does seem A bit doomed, | to heAr thAt. No, this deAl does seem A bit doomed, doesnt it . As you sAid, <A href='https://vimArsAnA.com/news/nippon-steel'>Nippon SteelA> offering to tAke it for <A href='https://vimArsAnA.com/news/15-billion'>15 BillionA>, but its been fAcing A bipArtisAn politicAl bAcklAsh, not only from <A href='https://vimArsAnA.com/news/vice-president'>Vice PresidentA> <A href='https://vimArsAnA.com/news/kAmAlA-hArris'>KAmAlA HArrisA> but Also from donAld trump. Its been fAcing opposition from the mAjor lAbour union, united steelworkers. But <A href='https://vimArsAnA.com/news/us-steel'>Us SteelA> sAys it remAins committed to the deAl, sAying thAt <A href='https://vimArsAnA.com/news/nippon-steel'>Nippon SteelA> is A long <A href='https://vimArsAnA.com/news/stAnding-investor'>StAnding InvestorA> in the united stAtes And the deAl will enhAnce the <A href='https://vimArsAnA.com/news/industrys-competitiveness'>Industrys CompetitivenessA> And resilience AgAinst chinA. Nippon steel hAs hired mike pompeo, remember him, the former secretAry of stAte under donAld trump, to lobby in fAvour of the deAl. It pledged to mAke An AdditionAl investment of over 1. 3 billion investment of over 1. 3 billion in <A href='https://vimArsAnA.com/news/us-steel'>Us SteelA> fAcilities in the trAnsAction is completed. So thAts on top of 1. 1; billion nippon hAs AlreAdy promised. But i suppose the timing of this bid hAs been rAther tricky. Nippon steel Announcing thAt plAn bAck in december lAst yeAr, And As the united stAtes heAds into the election, the protection of domestic mAnufActuring jobs hAs somewhAt replAced the countrys long <A href='https://vimArsAnA.com/news/stAnding-consensus'>StAnding ConsensusA> in fAvour of open investment. See you AgAin soon. To AfricA now And the problem of corruption becAuse its the biggest concern for the continents young people According to A wide rAnging surveyjust published. ReseArchers spoke to more thAn 5,000 <A href='https://vimArsAnA.com/news/young-AfricAns'>Young AfricAnsA> between 18 And 2AAcross 16 countries. Almost 60 sAid they Are looking to leAve their country in seArch of better opportunities becAuse corruption is stopping them getting AheAd. They were Also Asked About A rAnge of issues from the wAr in ukrAine to the influence of the us And chinA. So whAt else hAve we leArnt . Ivor ichikowitz is An AfricA bAsed <A href='https://vimArsAnA.com/news/industriAlist-And-philAnthropist'>IndustriAlist And PhilAnthropistA> his <A href='https://vimArsAnA.com/news/fAmily-foundAtion'>FAmily FoundAtionA> is behind the AfricA youth survey. Lovely to hAve you on the progrAmme. I understAnd these interviews were conducted <A href='https://vimArsAnA.com/news/fAce-to'>FAce ToA> fAce. So tell us more About their concerns About corruption. Their concerns About corrution. ~. , � , corruption. Well, whAts interesting corruption. Well, whAts interesting in corruption. Well, whAts interesting in the corruption. Well, whAts interesting in the 2024 corruption. Well, whAts interesting in the 2024 edition of the survey is thAt corruption trumps everything else As whAt the AfricAn youth see As the biggest deterrent to growth. It shows thAt corruption is stArting to touch their lives in very profound wAys. In yeArs gone by, threAt of diseAse, lAck ofjobs, economic issues were seen As the biggest issues. TodAy its corruption, corruption, corruption. And there is definitely A sentiment thAt they plAn to do something About this. The AfricAn youth wAnt to see people thAt Are Accused of <A href='https://vimArsAnA.com/news/corruption-being'>Corruption BeingA> exclude from governmentjobs, they wAnt <A href='https://vimArsAnA.com/news/corruption-being'>Corruption BeingA> exclude from government jobs, they wAnt to see hArsh penAlties for corruption, And they wAnt to get this removed from their environment so they cAn progress in their lives. It environment so they cAn progress in their lives. If 60 sA the progress in their lives. If 60 sAy they Are progress in their lives. If 60 sAy they Are looking progress in their lives. If 60 sAy they Are looking to progress in their lives. If 60 sAy they Are looking to leAve, j sAy they Are looking to leAve, go elsewhere, i Assume to, i dont know, the us, europe, for better prospects if <A href='https://vimArsAnA.com/news/corruption-isnt'>Corruption IsntA> sorted. ThAts A huge loss, isnt it . I meAn, this is their young tAlented workers. Absolutely. WhAt you Are finding in AfricA is the youth Are no longer prepAred to sit by And wAit while these governments fix these things. Theyre reAdy to governments fix these things. They� re reAdy to vote governments fix these things. Theyre reAdy to vote with their feet, theyre reAdy to vote with theirfeet, to get theyre reAdy to vote with their feet, to get out, theyre reAdy to vote with theirfeet, to get out, to protest, were stArting to see something reAlly AlArming A huge proportion of the AfricAn youth Are sAying they ActuAlly support violent protest to chAnge the circumstAnces in their country if necessAry. And thAts AlArming. BecAuse it tAlks to A breAkdown of the democrAtic system. It tAlks to the fAct the <A href='https://vimArsAnA.com/news/AfricAn-youth-believe-western'>AfricAn Youth Believe WesternA> <A href='https://vimArsAnA.com/news/style-democrAcy'>Style DemocrAcyA> is fAiling them. If theyre not going to get the results they wAnt through A democrAtic process, theyre prepAred to vote with their feet. If thAt meAns going out in <A href='https://vimArsAnA.com/news/the-street'>The StreetA>s And protesting to chAnge the circumstAnces, or emigrAting to move to countries where the environment is A better more fertile environment for them to grow And develop, theyre prepAred to do thAt. I grow And develop, theyre prepAred to do thAt. I wAnt to Ask im prepAred to do thAt. I wAnt to Ask im sorry prepAred to do thAt. I wAnt to Ask im sorry to prepAred to do thAt. I wAnt to Ask im sorry to interrupt i Ask im sorry to interrupt you, becAuse As ever we hAve so much to try to fit in this progrAmme. I wAnt to Ask you whether governments will listen. ThAts the reAl question, isnt it . WhAt will chAnge As A consequence. You sAy its quite worrying whAt the young people Are sAying theyre willing to do to see chAnge. Theyre willing to do to see chAnce. ~ ,. , theyre willing to do to see chAnce. ~ theyre willing to do to see chAnce. ~ , chAnge. Well, in some wAys this is reAlly A chAnge. Well, in some wAys this is reAlly A positive. ChAnge. Well, in some wAys this is reAlly A positive. BecAuse is reAlly A positive. BecAuse were seeing A youth thAts very optimistic About the future of their country. This is the next generAtion of leAders in wAiting. This is not ten yeArs time leAders, this is the leAders of the next two, three, four, five yeArs. One third of countries in AfricA go into elections this yeAr. And every single government thAt is going into An election, or every pArty thAts going into An election, hAs to tAke note of this. BecAuse not only Are theseissues of this. BecAuse not only Are these issues going to cost them votes, but if we dont resolve these issues, they wont stAy in government for very long. I think governments Are now forced to listen. The <A href='https://vimArsAnA.com/news/communicAtion-feedbAck-loop'>CommunicAtion FeedbAck LoopA> through <A href='https://vimArsAnA.com/news/sociAl-mediA'>SociAl MediAA> And vArious other forms is through <A href='https://vimArsAnA.com/news/sociAl-mediA'>SociAl MediAA> And vArious otherforms is much more immediAte thAn it ever hAs been before. I do think were heAding to A new generAtion of AfricAns, A new generAtion of government. WhAt hAs hAppened in <A href='https://vimArsAnA.com/news/south-AfricA'>South AfricAA> is A perfect exAmple of this. The <A href='https://vimArsAnA.com/news/south-AfricA'>South AfricAA>n youth in the lAst survey were very dissAtisfied with issues Around corruption And they hAve punished the <A href='https://vimArsAnA.com/news/ruling-pArty'>Ruling PArtyA> in the polls for exActly thAt. Im optimistic this is A positive trend in AfricA. ,. , AfricA. Ivor ichikowitz, <A href='https://vimArsAnA.com/news/thAnk-ou'>ThAnk OuA> for AfricA. Ivor ichikowitz, thAnk you for tAlking AfricA. Ivor ichikowitz, thAnk you for tAlking to AfricA. Ivor ichikowitz, thAnk you for tAlking to us. Lets turn to the <A href='https://vimArsAnA.com/news/currency-mArkets'>Currency MArketsA> becAuse if you Are from the uk And hAve been AbroAd in August you mAy hAve been pleAsAntly surprised by the strength of the pound. In fAct the <A href='https://vimArsAnA.com/news/uk-currency'>Uk CurrencyA> hit A 2. 5 yeAr high of over 1. 32 lAst week After its best months of gAins in Almost nine months. It Also hit A 2 yeAr high AgAinst the euro over the summer. Improving confidence in the uk As A plAce to invest is helping the pound As is the expectAtion thAt <A href='https://vimArsAnA.com/news/interest-rAte'>Interest RAteA>s could be cut fAster over in the us And in europe. MAny AnAlysts expect the <A href='https://vimArsAnA.com/news/bAnk-of-englAnd'>BAnk Of EnglAndA> to keep the cost of borrowing on hold this month After its cut in August. AnAlysts At <A href='https://vimArsAnA.com/news/bAnk-of-AmericA'>BAnk Of AmericAA> see the pound As one of the top performing mAjor currencies And predict it will hit 1. 41 by <A href='https://vimArsAnA.com/news/the-end'>The EndA> of next yeAr. Will <A href='https://vimArsAnA.com/news/wAlker-Arnott'>WAlker ArnottA> is director of privAte clients At the investment Advisors chArles stAnley. Good morning to you. Do you Agree with All of thAt positive sentiment surrounding the pound . Sentiment surrounding the ound . , sentiment surrounding the ound . , ~ pound . YeAh, morning. Ithink its first worth pound . YeAh, morning. Ithink its first worth just pound . YeAh, morning. Ithink its first worth just giving its first worth just giving some historicAl context to the numbers you just gAve. Firstly, the pound is still weAker AgAinst the dollAr thAn it wAs pre brexit in 2016. If you go All the wAy bAck to the finAnciAl crisis, or pre finAnciAl crisis in 2007, one point would buy you 2. Were still weAker in A historic context. But theres three reAl reAsons weve seen A short term rAlly. The first is <A href='https://vimArsAnA.com/news/interest-rAte'>Interest RAteA> differentiAls, fuelled by <A href='https://vimArsAnA.com/news/centrAl-bAnk'>CentrAl BAnkA> <A href='https://vimArsAnA.com/news/comments-AtjAckson-hole'>Comments AtjAckson HoleA> fuelled by <A href='https://vimArsAnA.com/news/centrAl-bAnk'>CentrAl BAnkA> comments At <A href='https://vimArsAnA.com/news/jAckson-hole'>JAckson HoleA> where fed <A href='https://vimArsAnA.com/news/chAirjerome-powell'>ChAirjerome PowellA> tAlked About it wAs time for <A href='https://vimArsAnA.com/news/interest-rAte'>Interest RAteA>s cuts, while <A href='https://vimArsAnA.com/news/Andrew-bAiley'>Andrew BAileyA> sAid the bAttle AgAinst inflAtion is not yet won. The mArkets Are expecting the us to cut <A href='https://vimArsAnA.com/news/interest-rAte'>Interest RAteA>s seven to eight times, while the uk is only expected to cut rAtes four times during the sAme period. Weve hAd <A href='https://vimArsAnA.com/news/strong-uk'>Strong UkA> growth, gdp cAme in At 0. 6 , better thAn AnticipAted. And finAlly, internAtionAl investors Are giving some benefit of doubt to lAbour, theyre giving them A <A href='https://vimArsAnA.com/news/honeymoon-period'>Honeymoon PeriodA> And see the uk As An islAnd of cAlm After A period of instAbility under tory rule. Period of instAbility under tory <A href='https://vimArsAnA.com/news/rule-period'>Rule PeriodA> of instAbility under tory rule. Will, thAnk you. ReAu tory rule. Will, thAnk you. ReAlly interesting tory rule. Will, thAnk you. ReAlly interesting to tory rule. Will, thAnk you. ReAlly interesting to see l reAlly interesting to see whAts going on with the pound. Just to sAy todAy on the AgendA, theres A <A href='https://vimArsAnA.com/news/business-breAkfAst'>Business BreAkfAstA>. The <A href='https://vimArsAnA.com/news/business-secretAry'>Business SecretAryA> And <A href='https://vimArsAnA.com/news/deputy-prime-minister'>Deputy Prime MinisterA> Are hosting A <A href='https://vimArsAnA.com/news/business-breAkfAst'>Business BreAkfAstA> for some of the top <A href='https://vimArsAnA.com/news/bossesin-breAkfAst'>Bossesin BreAkfAstA> for some of the top bosses in the uk. ThAts hAppening todAy As well. 0ther hAppening todAy As well. Other <A href='https://vimArsAnA.com/news/news-volkswAgen'>News VolkswAgenA> is considering <A href='https://vimArsAnA.com/news/closing-fActories'>Closing FActoriesA> in germAny for the first time As it fAces growing <A href='https://vimArsAnA.com/news/price-pressure'>Price PressureA> from AsiAn rivAls. Europes biggest <A href='https://vimArsAnA.com/news/cAr-compAny'>CAr CompAnyA> which employes some 680,000 people is Also looking At scrApping A <A href='https://vimArsAnA.com/news/job-security-scheme'>Job Security SchemeA> thAt hAs been in plAce since the 1990s And prevents Anyjob cuts until 2029. Vw� s <A href='https://vimArsAnA.com/news/works-council'>Works CouncilA> is vowing fierce resistAnce to the boArds plAns. Bosses will speAk to stAff At A <A href='https://vimArsAnA.com/news/works-council-meeting'>Works Council MeetingA> on wednesdAy morning. CAthAy pAcific is inspecting All its <A href='https://vimArsAnA.com/news/Airbus-A350'>Airbus A350A> jets After the fAilure of An <A href='https://vimArsAnA.com/news/engine-component'>Engine ComponentA> forced A flight to turn bAck to <A href='https://vimArsAnA.com/news/hong-kong'>Hong KongA> soon After tAke off. The news sent shAres of rolls royce, the sole <A href='https://vimArsAnA.com/news/engine-supplier'>Engine SupplierA> to the A350 down over 6 . CAthAy sAys it hAs cAncelled 24 return <A href='https://vimArsAnA.com/news/flights-todAy'>Flights TodAyA> while the plAnes Are checked. Rolls royce sAys its working closely with the Airline, Airbus And regulAtors. BrAzils <A href='https://vimArsAnA.com/news/supreme-court'>Supreme CourtA> hAs upheld A bAn on <A href='https://vimArsAnA.com/news/sociAl-mediA'>SociAl MediAA> plAtform x, formerly known As twitter, in A unAnimous vote byjudges. X hAs been suspended in brAzil since the eArly hours of sAturdAy Amid An ongoing feud between <A href='https://vimArsAnA.com/news/supreme-court'>Supreme CourtA> justice <A href='https://vimArsAnA.com/news/AlexAndre-de-morAes'>AlexAndre De MorAesA> And <A href='https://vimArsAnA.com/news/xs-owner'>Xs OwnerA> <A href='https://vimArsAnA.com/news/elon-musk'>Elon MuskA> over the Alleged spreAding of disinformAtion on the plAtform. Coming up lights, cAmerA, Ai. Why the <A href='https://vimArsAnA.com/news/movie-business-shouldnt'>Movie Business ShouldntA> feAr the rise of ArtificiAl intelligence. Well be going to venice to heAr from A top <A href='https://vimArsAnA.com/news/film-director'>Film DirectorA> who is embrAcing the technology. Around the world And Across the uk. This is bbc news. Now if you Are A <A href='https://vimArsAnA.com/news/petrol-heAd'>Petrol HeAdA> with A spAre £333,000 burning A hole in your pocket, And mAybe A <A href='https://vimArsAnA.com/news/fewjAmes-bond'>FewjAmes BondA> AspirAtions, this mAy interest you. ThAts the <A href='https://vimArsAnA.com/news/price-tAg'>Price TAgA> on <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA>s new <A href='https://vimArsAnA.com/news/flAgship-supercAr'>FlAgship SupercArA> the vAnquish just unveiled in venice to tAke on the might of ferrAri. The 111 yeAr old <A href='https://vimArsAnA.com/news/uk-sports'>Uk SportsA> <A href='https://vimArsAnA.com/news/cAr-mAker'>CAr MAkerA> certAinly needs A boost to its fortunes. Its shAres Are down by A third this yeAr And hAve lost 96 since the compAny floAted on the <A href='https://vimArsAnA.com/news/london-stock'>London StockA> exchAnge in 2018. DAvid wAddell hAs been speAking to <A href='https://vimArsAnA.com/news/Aston-mArtins-executive'>Aston MArtins ExecutiveA> chAirmAn, <A href='https://vimArsAnA.com/news/billionAire-businessmAn-lAwrence'>BillionAire BusinessmAn LAwrenceA> stroll, About whAt the new cAr meAns for the compAny. The vAnquish is our flAgship, the lAst of A trio of our <A href='https://vimArsAnA.com/news/front-engine'>Front EngineA> sports cArs, the dnA, the core, the heArt of this business. We cAme in A little over A yeAr Ago with our db12, our super g t tour. A few months Ago, we lAunched our vAntAge, oursports months Ago, we lAunched our vAntAge, our sports cAr. Months Ago, we lAunched our vAntAge, oursports cAr. Now were lAunching the vAnquish v12 flAgship, we hAve built hAnd mAde v12 engines. It tAkes it over 800 horsepower. Were very proud of All the new performAnce And All the new technology. EArlier this yeAr, you directed the business in your words to invest very heAvily in <A href='https://vimArsAnA.com/news/plugin-hybrid'>Plugin HybridA> evs. Who is your customers in 2030 . Its the sAme As our customers todAy. Theyre cAr AficionAdos, Automotive lovers. We hAve A long history of our customer lists, being in business And A very greAt following, very loyAl enthusiAsts. Weve seen we brought in new customers to our fold, we brought in new customers to ourfold, with we brought in new customers to our fold, with our we brought in new customers to ourfold, with our db, over 3,000 of those A yeAr. Since we hAve returned to <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A>, its been revolutionAry. Its been Able to show us our technology, to bring our <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A> into our roAd cArs. Its brought us A much younger customer to the brAnd, A new customer to the brAnd, A new customer to the brAnd. The <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A> <A href='https://vimArsAnA.com/news/mArketing-plAtform'>MArketing PlAtformA> for this hAs been nothing short of sensAtionAl. Of sensAtionAl. Lets tAlk more About formulA of sensAtionAl. Lets tAlk more About <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A>. Of sensAtionAl. Lets tAlk more About <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A>. Along of sensAtionAl. Lets tAlk more About <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A>. Along with i About <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A>. Along with fernAndo Alonso, your <A href='https://vimArsAnA.com/news/son-lAnce'>Son LAnceA> drives for the teAm. WhAt does your engAgement do . We drives for the teAm. WhAt does your engAgement do . Drives for the teAm. WhAt does your engAgement do . We hAve 2. 3 billion viewers your engAgement do . We hAve 2. 3 billion viewers wAtching billion viewers wAtching <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A> every yeAr. They wAtch <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA>, <A href='https://vimArsAnA.com/news/british-rAcing-green'>British RAcing GreenA> cArs going Around the <A href='https://vimArsAnA.com/news/rAce-trAck'>RAce TrAckA> in 24 countries every six yeAr. ThAts outstAnding every single yeAr. We bring About 5,000 of our <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA> customers to those 24 rAces eAch yeAr, to interAct with them. We hAve configurAters for them to design And build their cArs. They drive the vAntAge hot lAps Around All the greAtest <A href='https://vimArsAnA.com/news/formulA-1'>FormulA 1A> circuits in the world. 1 circuits in the world. Your revenue 1 circuits in the world. Your revenue is 1 circuits in the world. Your revenue is up, 1 circuits in the world. Your revenue is up, something i 1 circuits in the world. Your revenue is up, something Along the lines of £1. 6 billion, but youre still losing <A href='https://vimArsAnA.com/news/money-yeAr'>Money YeArA> on yeAr. When do you expect A return for shAreholders . The third to fourth return for shAreholders . Tue third to fourth quArter, return for shAreholders . Tte third to fourth quArter, the compAny will be <A href='https://vimArsAnA.com/news/cAsh-flow'>CAsh FlowA> positive. It took those three yeArs in order to invest, to bring these cArs were tAlking About one of them tonight, vAnquish, to life. Without hAving new product, you cAnnot hAve the sAles, so you need to invest in <A href='https://vimArsAnA.com/news/cApitAl-expenditure'>CApitAl ExpenditureA> invest in <A href='https://vimArsAnA.com/news/cApitAl-expenditure'>CApitAl ExpenditureA> in order to bring these cArs to life. ,. ,. , in order to bring these cArs to life. ,. ,. , ~ ,. , life. You hAve provided <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA> cArs life. You hAve provided <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA> cArs to life. You hAve provided <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA> cArs to Almost life. You hAve provided <A href='https://vimArsAnA.com/news/Aston-mArtin'>Aston MArtinA> cArs to Almost every i mArtin cArs to Almost every bond. Will you be driving for A plAce in the next bond . Absolutely yes. The cAr is being developed. FinAlly to ArtificiAl <A href='https://vimArsAnA.com/news/intelligence-weve'>Intelligence WeveA> All heArd the concerns About its potentiAl to tAke jobs AwAy from humAns. MAny in the creAtive industries And the <A href='https://vimArsAnA.com/news/movie-industry'>Movie IndustryA> in pArticulAr Are worried About the rise of Ai. It wAs one of the issues behind recent strikes by performers And writers thAt brought hollywood to A stAndstill. Well A competition being held in venice As pArt of the <A href='https://vimArsAnA.com/news/film-festivAl'>Film FestivAlA> is promoting the opposite view its AwArding movies mAde with the help of Ai And hAs AttrActed Almost 500 entries from Around the world. Rob minkoff is best known for co directing the 1994 disney AnimAted feAture the <A href='https://vimArsAnA.com/news/lion-king'>Lion KingA> As well As stuArt little. Hes on the jury of this inAugurAl Ai <A href='https://vimArsAnA.com/news/film-festivAl'>Film FestivAlA>. Rob, A wArm welcome. Were All in Awe, becAuse All of us love both those films in this news room. WhAt Are the entries looking like . Are they good . YeAh, there wAs quite A number of obviously i didnt hAve to wAtch All of the entries, but when we finAlly got the list, it wAs 50 different films. 50 it wAs 50 different films. So tAlk us through Ai. WhAt difference does it mAke . Well, i meAn, difference does it mAke . Well, i meAn. Ai difference does it mAke . Well, i meAn, Ai obviously difference does it mAke . Well, i meAn, Ai obviously is difference does it mAke . Well, i meAn, Ai obviously is An i meAn, Ai obviously is An incredible tool And its very eArly in the development of it. So i think thAt everyone is understAndAbly concerned About whAt it meAns, how its going to Affect people And Affect peoples jobs. To Affect people And Affect peoplesjobs. And i think, you know, theres good cAuse for concern, obviously. But, i think whAt is importAnt is thAt Al cAn Also represent A kind of Ai cAn Also represent A kind of opportunity. So i do encourAge people thAt Are, you know, nervous or skittish About it, not to bury their heAds in the sAnd. I quite remember whAt hAppened to AnimAtion which i wAs stArting my cAreer At disney, in the 1980s, computers were coming onto the scene And people were feeling the sAme wAy. ThAt theirjobs would be threAtened, they would hAve no more work. It doesnt hAve to be the cAse. More work. It doesnt hAve to be the cAse more work. It doesnt hAve to be the cAse. Wouldnt you sAy bein in be the cAse. Wouldnt you sAy being in the be the cAse. Wouldnt you sAy being in the industry be the cAse. Wouldnt you sAy being in the industry thAt being in the industry thAt youre in, you cAnt Afford to be A technophobe. You need to embrAce the chAnge And the new tech. And within AnimAtion in pArticulAr, surely Ai is A <A href='https://vimArsAnA.com/news/gAme-chAnger'>GAme ChAngerA> . PArticulAr, surely Ai is A gAmechAnger . Absolutely. AuAin, gAmechAnger . Absolutely. AgAin. You gAmechAnger . Absolutely. AgAin, you know, gAmechAnger . Absolutely. AgAin, you know, were gAmechAnger . Absolutely. AgAin, you know, were so <A href='https://vimArsAnA.com/news/l-gAmechAnger'>L GAmechAngerA> . Absolutely. AgAin, you know, were so eArly its not cleAr exActly whAt the cApAbilities of it, i think, Are enormous. So, All thAts going on right now is eArly development. And so, i think people its eAsy for people to sAy, oh, eventuAlly you cAn prompt An entire movie into existence by speAking A few words. I dont think its certAinly not possible todAy. Im not sure how long thAt will tAke to become possible, And thAts not whAt people wAnt AnywAy. ThAts not whAt people wAnt An A. G , thAts not whAt people wAnt An A. , w , thAts not whAt people wAnt An A. , AnywAy. Just quickly, rob, i wAnt to Ask AnywAy. Just quickly, rob, i wAnt to Ask you AnywAy. Just quickly, rob, i wAnt to Ask you this AnywAy. Just quickly, rob, i. WAnt to Ask you this question wAnt to Ask you this question were neArly out of time. When you were co directing the <A href='https://vimArsAnA.com/news/lion-king'>Lion KingA> And stuArt little, did you know how successful they would be . ~. , ~ be . We were working in the shAdow of be . We were working in the shAdow of boosty be . We were working in the shAdow of boosty And be . We were working in the shAdow of boosty And the l be . We were working in the shAdow of boosty And the beAst, AlAddin, but they were bAsed on tAles thAt people know. When we stArted work on the <A href='https://vimArsAnA.com/news/lion-king'>Lion KingA>, we struggled. T stArted work on the <A href='https://vimArsAnA.com/news/lion-king'>Lion KingA>, we struggled. We struggled. I need to sAy goodbye we struggled. I need to sAy goodbye its we struggled. I need to sAy goodbye. Its lovely we struggled. I need to sAy goodbye. Its lovely to we struggled. I need to sAy goodbye. Its lovely to tAlk i we struggled. I need to sAy| goodbye. Its lovely to tAlk to you. Hello there. Like it or not, september is the month where we trAnsition from summer into Autumn, And were seeing thAt. 0n The 1st Of September we hAd A southerly flow hot, humid Air in the south, 30 degrees the high, but over the lAst couple of dAys we Are likely to see A northwesterly flow tAke over And thAts going to introduce fresher <A href='https://vimArsAnA.com/news/Air-right'>Air RightA> Across the country. So, by the middle pArt of the week, temperAtures About where they should be for eArly september, 16 21 celsius. We hAd some heAvy rAin on <A href='https://vimArsAnA.com/news/mondAy-thAts'>MondAy ThAtsA> eAsed AwAy from scotlAnd. Still this <A href='https://vimArsAnA.com/news/weAther-front'>WeAther FrontA> producing A few showers Across centrAl And eAstern englAnd for the stArt of tuesdAy. So A cloudier note here. Those showers will push their wAy steAdily eAstwArds, some of them turning heAvy And possibly thundery. Then well hAve A slice of sunnier weAther Across south west englAnd, wAles, northern englAnd, eAstern scotlAnd stArting off fine, clouding over, And eventuAlly there will be some showery outbreAks of rAin here by <A href='https://vimArsAnA.com/news/the-end'>The EndA> of the Afternoon. But highs between 14 19 degrees in scotlAnd And northern irelAnd, mAybe highest vAlues on tuesdAy of 23 celsius. Now, we Are likely to see further showers Across scotlAnd overnight And into the eArly hours of wednesdAy morning, And some circulAting And pushing Across northern irelAnd As well, but fewer showers Across englAnd And wAles. Here, well keep temperAtures into double figures, but low single figures not out of the question in rurAl pArts of scotlAnd. High pressure is desperAtely trying to build in from the west, but weve still got these very weAk <A href='https://vimArsAnA.com/news/weAther-front'>WeAther FrontA>s toppling Across the high. Theyre going to be A bit of A nuisAnce introducing cloud, showery outbreAks of rAin Across southern scotlAnd And down to the eAst of the pennines for A time, mAybe some showers Along western fringes. So its A reAl messy mix sunny spells And scAttered showers, but hopefully the showers hit And miss And top temperAtures AgAin from 14 21 celsius the high. Now, As we move out of wednesdAy into thursdAy, we need to keep An eye on this frontAl system, which could merge with some heAvy rAin pushing up from the neAr continent. All in All, thAt could leAd to quite An unsettled weekend Across centrAl And southern englAnd, but for scotlAnd it looks drier And brighter As High Pressure lingers longer. Good morning, welcome to <A href='https://vimArsAnA.com/news/breAkfAst-withjon-kAy'>BreAkfAst Withjon KAyA> And sAlly nugent. 0ur heAdlines todAy. A promise to crAck down on Street CrimeAs snAtch thefts of bAgs And Mobile Phones more thAn double in the lAst yeAr. The government fAces criticism over its decision to suspend some Arms sAles to isrAel. We Are tAlking About the crisis of councils cAusing no closing public librAries. We Are with the community thAt fought bAck And kept every single one of its community librAries open. Should we be coughing up for more thAnjust A coffee should we be coughing up for more thAn just A coffee when we Are using cAfes And bArs As workspAces . We tAlk to the businesses