World tour have agreed to a shock merger with the saudi backed liv golf. This comes despite the pending litigation between pga and liv. That will now be halted as they move forward as part of the same enterprise. Over the past year liv golf caused huge disruption in the mens game, with top players such as rory mcllroy and tiger woods boldly criticising it. But other players such as Brooks Koepka joined liv golf for large sums with the backing of the Saudi Arabia Public Investment fund. The bbc� s golf correspondent iain carter believes it is the big investment being offered that has made this deal possible. Players can get along fine when they are playing for the biggest prizes. Money is the massive driver here, the likes of rory mcilroy and the establishment from the live setup, they used to be west friends. Michael roy was a groomsmen at garcias wedding. They now do not speak. But that sort of thing will be shoved to one side. What we wait to see is what shape mens golf take Going Forward but they will be Going Forward but they will be Going Forward but they will be Going Forward with a significant cash investment from saudi arabia as part of the backbone financing. Lets discuss this further with nigel currie a Sponsorship Consultant at nc partnership. Good morning nigel. Is this a hole in i for saudi arabia . Well, both parties really need each other. They had to come to some sort of agreement. Otherwise things were going to implode. I think it will be interesting to see what happens over the next six months because there has been a lot of dirty laundry aired and i think they have a lot of sorting out to do before we can move forward. To do before we can move forward to do before we can move forward. A , forward. As you say it is very difficult forward. As you say it is very difficult. It forward. As you say it is very difficult. It makes forward. As you say it is very difficult. It makes financial i difficult. It makes Financial Sense but on many levels it will be a hard one to push through. Players like rory mcilroy was so vocal in his opposition of liv. What does it mean for players such as him . He has said a lot of things and it will be very, very tough for him. But he has no option. This is now the world tour of golf and he has nowhere else to go. So he has to be part of it. Otherwise he has no way to play his game. So he must conform so there needs to be a lot of healing done and old friendships made up to enable the whole thing to work. Liar the whole thing to work. Liv golf did not have a television Partnership Deal at once as such and existing tv deals cannot be scrapped for current tournaments. How will that play out Going Forward . Liar out Going Forward . Liv desperately out Going Forward . L desperately needed a lot of what the existing traditional tours had, the four majors, the history of the event and they seem to have got that now. The existing tours, have a lot of extra money and it is just how it will play out. You will see a shift in power away from america, probably towards other countries, particularly the middle east. Countries, particularly the middle east. ~. Middle east. When will we see a similar move middle east. When will we see a similar move for middle east. When will we see a similar move for the middle east. When will we see a similar move for the womens i similar move for the womens game . I similar move for the womens came . ~. Similar move for the womens lame . ~. ,. , game . I think that will come. Much of this game . I think that will come. Much of this will game . I think that will come. Much of this will be game . I think that will come. Much of this will be about game . I think that will come. J much of this will be about will be bringing the game to a bigger audience and a wider audience and that is why you may see some of the majors moving away from america, if thatis moving away from america, if that is conceivable, maybe the Pga Championship could move from america and the womens game the same way. Lt is game the same way. It is interesting game the same way. It is interesting and game the same way. It is interesting and we game the same way. It is interesting and we will i game the same way. It is interesting and we will keep a close eye on it. Lets get some of the days other business news. Chinas exports have fallen for the first time in three months, dropping 7. 5 in may. Imports also fell 4. 5 last month, with weak economic demand blamed for the disappointing figures. The countrys government still hopes for 5 growth this year, but many analysts are now predicting a lower figure after todays numbers. A prolific russian Cyber Crime Gang is thought to be behind a massive hack attack, which saw more than 100,000 staff at the bbc, British Airways and boots data stolen. Our the clop group posted a notice on the dark web warning those affected by the hack to email them before illjune or stolen data will be published. Employers are being urged not to pay up if the hackers demand a ransom. Lets now focus on another crackdown on crypto by us regulators. This time its coinbase, the largest Crypto Trading platform in america. The securities and Exchange Commission or sec, wall streets main regulator, is suing coinbase for operating as an Exchange Without registering as one. It comes a day after the sec filed 13 charges against binance and its billionaire creator. Our north America Business correspondent Samira Hussain reports from new york. In these latest charges the sec said that coinbase acted as a Broker Exchange and Clearing Agency for investment that are subject to sec rules. But agency for investment that are subject to sec rules. Subect to sec rules. But they did subject to sec rules. But they did so without subject to sec rules. But they did so without properly did so without properly registering and that allowed the firm to escape oversight. The charges against coinbase were not a surprise as a publicly traded company it disclosed in march this year that the sec had notified it that the sec had notified it that these charges may be coming. In response, coyne bay said that the rules were not clear. Testifying on capitol hill on tuesday, the Chief Legal Officer said it tried to get new rules in place for crypto platforms like theres but got no response from the sec. Since that time we have had over 30 engagements with the sec to try and work towards a sensible framework for regulation that would allow registration of platforms is either a Broker Dealer or a National Security exchange. We received no response after our presentation as part of those discussions. On one hand, coinbase basically says we want to abide by your rules but the ones is written do not work for these new Financial Instruments like crypto currency. On the other hand, the regulator says that rules are rules and you are running afoul of them. It seems the United States is making good on its promise to aggressively enforce rules to oversee the crypto industry. Well theres been an update on binance. The us securities and Exchange Commission has filed a temporary Restraining Order to freeze binance assets after investors pulled 780 million out of the exchange in just 2a hours. It comes after the us regulator announced it was going to sue the firm over an alleged � web of deception�. Here in the uk, the troubled Business Lobby Group the cbi held a crucial vote among its remaining members, asking them to endorse the Turnaround Plan Put in place by the new Director General Rain Newton Smith following a series of scandals. 93 of those who voted endorsed the turnaround plan, but the group wont say how many of the eligible Member Companies didnt take part in the process. Our Business Reporter ben king spoke to the Director General to get her response to the members vote. After a difficult period for us as an organisation it has been great to see that overwhelming vote of support from our members. We take nothing for granted but they show they support the programme of change we have already implemented and i am absolutely determined. We have listened and acted and now were going be the best Business Organisation inside and out so that we can be that true voice of business. L5 and out so that we can be that true voice of business. True voice of business. Is that the mandate true voice of business. Is that the mandate you true voice of business. Is that the mandate you were true voice of business. Is that the mandate you were hoping for . The mandate you were hoping for . , g; for . This there were 371 members for . This there were 371 members who for . This there were 371 members who voted for . This there were 371 members who voted so | for . This there were 371. Members who voted so it for . This there were 371 members who voted so it is a huge proportion of our membership and what is really important is that they have given their support to us today and 93 vote of confidences. I dont think we could ask for more. ,. , more. The other figure for the turnout and more. The other figure for the turnout and how more. The other figure for the turnout and how many more. The other figure for the turnout and how many people | turnout and how many people were eligible to vote . The turnout is were eligible to vote . The turnout is brilliant. Were eligible to vote . Tue turnout is brilliant. We are were eligible to vote . Tu2 turnout is brilliant. We are a strong Membership Organisation and what we have done today is have an extraordinary general meeting, we have never done that before in our history we have a really strong mandate from our members and now we will go on and get down to the job of what we are passionate about. ,. ,. , about. Could you tell us what the exact about. Could you tell us what the exact turnout about. Could you tell us what the exact Turnout Figure about. Could you tell us what the exact Turnout Figure is . L the exact Turnout Figure is . You were talking about. We are a Membership Organisation. An organisation of 280 passionate people who are not for profit, a small organisation, and what we had todayis organisation, and what we had today is an overwhelming vote of support from our membership and were going to go and do ourjob today which is getting out there talking about the economic challenges that we face in being the voice of the members who voted and supported us. ,. ,. , us. The next question is what the government us. The next question is what the government says us. The next question is what the government says about. Us. The next question is what i the government says about this. They have caused engagement. Will they think the votes in favour is enough to justify them re engaging . Favour is enough to justify them re engaging . What we will do now as we them re engaging . What we will do now as we have them re engaging . What we will do now as we have the them re engaging . What we will do now as we have the support i do now as we have the support of our members behind us. That is what Government Policymakers have said. We need to show them that we have the support of our members are now we do. We have 93 of our members who are supporting us. So now i am going to go out and talk to them about the issues of the day, about how we create a Growth Strategy for the uk economy, how we show and set out a positive vision for the uk in the world economy. 50 uk in the world economy. So that was uk in the world economy. So that was a uk in the world economy. So that was a Director General of the cbi. Lets talk to Douglas Mcwilliams, the deputy chairman for the centre of economics and business research. Good to see you. Are you convinced. This she sell the future plan to you . Lt she sell the future plan to ou . ,. ,. , you . It would have been a disaster you . It would have been a disaster for you . It would have been a disaster for the you . It would have been a disaster for the group you . It would have been a disaster for the group if i you . It would have been a i disaster for the group if they lost the vote but i dont think they were ever going to. They managed to get across one hurdle but they still have more things to do. I think they need to prevent the haemorrhage of members walking away and just saying why should we bother to pay a subscription . They need to start giving a positive vision of what it is they are there to do and they need to make sure that they re engage with whitehall. Until they do all those things the future isnt not insured. Isnt not insured. Re engagement isnt not insured. Re engagement with isnt not insured. Re engagement with westminster isnt not insured. Re engagement with westminster is critical, isnt it. That is why people want to be a part of the cbi, for access to government have their voices heard. It is critical but i think if they Say Something that whitehall needs to hear, whitehall will have to listen. In terms of the member ship Going Forward, the Chambers Of Commerce launched its own Business Forum this week. With some fairly hefty names supporting that. Heathrow, for example, so your thoughts on the competition that that presents, if it does . Because the timing of the whole launch was almost like it is competition. Launch was almost like it is cometition. �. ,. Competition. Im not convinced it was the competition. Im not convinced it was the cleverest competition. Im not convinced it was the cleverest thing competition. Im not convinced it was the cleverest thing to i it was the cleverest thing to do at this time but i think there is a problem in the uk because we have too many people trying to represent business in the uk and i do think the Corporate Affairs department of the Major Companies ought to get together and see if they can rationalise this because we have the association of Chambers Of Commerce and various other Trade Associations who have their own interest and understandably. You have the organisation that my own people work closely with which is the federation of small businesses. And they do a really good job. I think it is important now that we rationalise a little bit so that business has a really powerful voice to deal with government. We also need to have people in business who are prepared to stand up to whitehall because far too often they have been looking towards a knighthood or things like that and so they tend to be a little bit weak in challenging whitehall when whitehall does some pretty stupid things and desperately, we need this. The country has gone x growth and it needs a strong voice from business to be able to turn it around. ~ business to be able to turn it around. ,. , business to be able to turn it around. ~ ,. , business to be able to turn it around. , y. ,. Around. Thank you very much. Dou~las around. Thank you very much. Douglas mcwilliams around. Thank you very much. Douglas mcwilliams with around. Thank you very much. Douglas mcwilliams with your| Douglas Mcwilliams with your views. A little later in the programme we will hear about the Impact Business has in terms of future economic growth, small and Medium Sized Enterprises in particular. Around the world and across the uk. This is bbc news. Bbc news bringing you different stories from across the uk. When youre flying around on the racecourse going so fast with 100 other people right on a knife edge of crashing or winning a race, its really intense. If you make a small mistake, you really get overtaken by a lot of people. In the iqfoil event, they can get close to aomph, and its a winner takes all format used in the final. With only one place up for grabs in the Great Britain team, that all adds up to a lot of pressure. This year was the first time in my life where i ever. You know, it wasnt particularly a dream any more to go to the olympics, or to try and win a medal for Great Britain. It was, like, becoming something that could be real. This winter was so difficult. I skipped christmas with my family. I skipped my 30th birthday. My uncle passed away and i couldnt make the funeral. I couldnt be with him in his last moments. And yeah, i certainly visualise a lot the sacrifice and i try and channel that and use that in performance. For more stories from across the uk, head to the bbc news website. Youre with bbc news. Global maritime leaders and experts are meeting in oslo this week. The nor shipping Ocean Leadership conference is bringing together hundreds of delegates to find profitable and sustainable ways of moving the industry forward. Energy transition and decarbonisation are Top Priorities for the Shipping Industry and is the main focus of the conference. Reducing Greenhouse Gas emissions from shipping is crucial to tackling climate change. Maritime transport is currently responsible for approximately 3 of global emissions, but its emissions are projected to grow by up to 30 by 2050. Were nowjoined by sidsel norvik, whos the director of nor shipping. Good morning. This industry is critical to good morning. This industry is critical to global good morning. This industry is critical to Global Growth good morning. This industry is critical to Global Growth and i critical to Global Growth and we saw how important it was during the Global Pandemic and we all felt it but it is one that needs to change radically because of the Climate Crisis . Definitely. That is a top priority in the discussions this week. Yesterday we had john kerry and Joseph Stiglitz and Andrew Forrest as three leading International Leaders and it is very, very urgent. We need to act now in order to move fast enough. There are steep goals to be met but the complexity is enormous. The main theme of the nor shipping Ocean Leadership conference is partnership, which is also a un charter number 17. Across countries, it is absolutely vital to actually get into this transition in a good way. The fuel that is used predominantly todayis fuel that is used predominantly today is fossil fuel and that needs to be phased out. But to move into new. Move into new. What progress has been made move into new. What progress has been made so move into new. What progress has been made so far . Move into new. What progress has been made so far . You. Move into new. What progress i has been made so far . You have h drouen has been made so far . You have Hydrogen Ships has been made so far . You have Hydrogen Ships at has been made so far . You have Hydrogen Ships at the has been made so far . You have Hydrogen Ships at the moment i Hydrogen Ships at the moment and they are building ethanol ships. The technologies there. The infrastructure is not there. When you are dependent on the ship owners taking a risky decision to go for this or that. Risky decision to go for this orthat. Ll risky decision to go for this or that. ,. Or that. If the infrastructure is not there, or that. If the infrastructure is not there, of or that. If the infrastructure is not there, of course or that. If the infrastructure is not there, of course that | or that. If the infrastructure i is not there, of course that is really important, who was responsible to make that happen . This is about collaboration, isnt it . Lt happen . This is about collaboration, isnt it . It is about collaboration collaboration, isnt it . It is about collaboration but. About collaboration but fortunately the industry has an International Monetary organisation, Maritime Organisation, Maritime Organisation which is a Un Organisation which is a Un Organisation and the industry is desperately waiting for the imo to set some rules and regulations because this will have to be actually coming first. And you need the financial incentives and the policymakers and that is vital as well. It is a very, very complex situation that the ship owners are in at the moment. And dualfuel is owners are in at the moment. And dual fuel is also an important part of this as well. Lets hope you make a lot of progress this week at the conference. Now, we all know social media is a great way to keep in touch with your friends and family, but is it also a useful tool for ceos leading companies. Weve been speaking to one ceo, who has thousands of staff in his retail empire, who thinks social media like instagram and linkedin, is a great tool for communicating with employees too. I believe to be a successful ceo you need to communicate through social media to be relevant in the modern world. I dont do social media for myself. I do it to show leadership and as a ceo you set goals and objectives for the group and you have to live up to them and demonstrate you are delivering on them and using social media gives people evidence that these things are happening. As a leader and ceo it is very important to be transparent. Social media enabled me to do that. Its not like sending a newsletter or internal webinar to staff, it shows consistency to what we are saying to my employees im saying the same thing to our customers and investors and its been great for investing new talent. A lot of our employers are generally, and typically on social media and it has undergone a huge transportation what is transformational change and we have done things like Fitness Camps and demonstrating that on social media attracts the and show them the opportunity of joining the group. Gen z. Small and Medium Enterprises play a major role in most economies, they represent about 90 of businesses, thats according to the world bank. Entrepreneurs are at the heart of a lot smes, but recent economic turmoil has hit many entrepreneurs hard, with a big drop in venture capitalfunding, which fell by 53 in 01 of this year, according to funding tracker crunchbase. On thursday, The Ey World Entrepreneur of the year event will be crowned in monaco. We can talk to the uk ey winner who is in the running for the world award. Timo boldt, whos the founder and ceo of gousto, which is the Meal Kit Delivery company nowjoins us. Ican i can see monaco behind you and it looks stunning. Who are you p it looks stunning. Who are you up against . It looks stunning. Who are you no against . Up against . Thank you for havin up against . Thank you for having me up against . Thank you for having me and up against . Thank you for having me and im up against . Thank you for having me and im really. Having me and im really delighted and privileged to be here. This is a team sport and everyone deserves huge credit and the 45 ceos representing 225 employees are here right now. �. ~ 225 employees are here right now. ~. ~. ,. , now. And we talked about how imoortant now. And we talked about how important businesses now. And we talked about how important businesses are, now. And we talked about how. Important businesses are, small and medium sized in particular to any economy in the world, they are such drivers when it comes to growth and employment and innovation etc . And innovation etc . Absolutely Entreorenenrs and innovation etc . Absolutely Entrepreneurs Account and innovation etc . Absolutely Entrepreneurs Account for Entrepreneurs Account for two thirds of all Newjob Creation Worldwide and so it is absolutely essential that we foster entrepreneurship everywhere and we are really proud my company has 1 00 employees now and we are not done, we are getting going and this is day one stoplight did you benefit quite a from the pandemic . Milk it deliveries as it were . I think many thought give gusto a ghost. Gusto was going 100 per year every single year pre pandemic and we continue to grow and we have been growing at 100 every single year and now the economic environment has changed and the focus is on the customer even more than before but i would not say we have exploded due to the pandemic. We have grown steadily at 100 before. ,. ,. , we have grown steadily at 100 before. ,. , before. How have you being imoaeted before. How have you being imoaeted by before. How have you being impacted by cost before. How have you being impacted by cost of before. How have you being impacted by Cost Of Living . | before. How have you being| impacted by Cost Of Living . I imagine everything you put in your meal kit has been gone up in christ and hasnt been passed on to customers . We are caterin passed on to customers . We are catering to passed on to customers . We are catering to masses passed on to customers . We are catering to masses and passed on to customers . We are catering to masses and not passed on to customers . We are catering to masses and not the i catering to masses and not the classes and we have kept prices down and get amazing ingredients from the largest menu and twice the competition and one click you get everything delivered, and just cooked the food yourself. So we passed on some pricing but pretty much less than half than what the supermarkets have done so we feel that our relative attractiveness has actually increased. Attractiveness has actually increased. ~. ,. , increased. What is the toughest thin. Increased. What is the toughest thin ou increased. What is the toughest thing you have increased. What is the toughest thing you have experience increased. What is the toughest thing you have experience so i thing you have experience so far running the company . L far running the company . I think the biggest thing for me on a personal level has been a change from founder to a ceo requiring a lot of commitment to learning and i have had seven coaches and become an Executive Coach myself and have had Business Education on weekends and im really gratefulfor weekends and im really grateful for everyone working at gousto to enable me to transition from an entrepreneur to ceo. The jewellery is still out but i am enjoying the journey. Out but i am enoying the journeyh out but i am enoying the ourne. ~. , journey. What is your top tip . You have journey. What is your top tip . You have to journey. What is your top tip . You have to adapt journey. What is your top tip . You have to adapt it journey. What is your top tip . You have to adapt it is journey. What is your top tip . You have to adapt it is all. You have to adapt it is all about adaptability. Covid 19 came, Cost Of Living crisis, brexit claim, being an entrepreneur means being an adductor, resilient and reframing challenges as opportunities. Being an adaptor. And have a really lovely day whatever you are up to. If you are watching us globally, we will be back in a few minutes. Hello, there. Youve probably noticed the weather not really changing very much over recent times, and thats because High Pressures been firmly dominating. And with High Pressure around, its not rained very much anywhere. But in warwickshire, in church lawford, you have to go back to may 11 that was the last time it rained so thats nearly four weeks of dry weather. Some of the warmest weather has been across in northern ireland, county tyrone. Its been very warm in castlederg for the last nine days, but five of these recent days have seen temperatures reach 2a degrees thats six above average. Now, its the west that had the highest temperatures again on tuesday, but england, stuck underneath this area of cloud, had much lower temperatures in many areas for example, in leek, in staffordshire, 18 degrees on monday, 12 degrees on tuesday. We also had some cloud dropping the temperatures in parts of West Scotland as well. Now, over the next few hours, were seeing that cloud again thicken up across parts of england, wales, northern and eastern scotland. You might find a few spots of drizzle, although predominantly, it will be a dry start to the day on wednesday. The best of the Early Morning sunshine, like recent times, will be across these Western Areas of the country. Could be a few mist patches clearing and lifting, and then the sunshine comes out. I think there is a better chance of seeing this cloud break up across the midlands, east wales, so you probably will see some sunshine. But there could be some areas of Eastern England again that keep the cloud all day. Where that happens, temperatures into the teens but otherwise, i think more of us will see temperatures into the low 20s. And with those sunny conditions out west, well see some very high levels of Pollen Building in across parts of england and wales, so it could be quite a sneezy day for hay fever sufferers allergic to grass pollen. Now, for thursday, again, there could be a bit of cloud around across eastern areas probably east scotland, northeast england, the favoured spots for holding on to that. But otherwise, plenty of sunshine around, and those temperatures again reaching the mid 20s in the very warmest areas. We then do start to see a change, courtesy of this storm system storm oscar thats been bringing some torrential rain to madeira. What thats going to do it moves to the southwest of the uk, and it shoves a load of humid air across the country. And so, well see a change in the Weather Conditions as we head into the weekend. As it turns more humid, well start to see some showers and thunderstorms break out. And although the rain from these will be hit and miss in nature, some could see the first significant rain for four weeks