For a no deal outcome in trade talks with the eu. In his first comments since talks on wednesday with European Commission chief ursula von der leyen, he said there is now a strong possibility the two sides will fail to strike a deal. The uk leaves the eu Single Market and regulatory system in three weeks time when the transition period ends on 31 december. Mrjohnson blames the deadlock on the eus insistence on equivalence britain following the same regulations if it wants continued Single Market what has made things difficult in the last few weeks is the concept of equivalence, keeping the uk locked into the eus regulatory penumbra orbit. That is something that has appeared recently. We dont quite know why it has appeared in that way and that is the thing that has made things much more difficult andi made things much more difficult and i think unnecessarily so. European Commission President ursula von der leyen has also been giving her side follwing those talks. She says there must be a level Playing Field with the uk sticking to the same rules and standards if its to have continued access to the Single Market. We are willing to grant access to the Single Market to our british friends. Its the largest Single Market in the world. But the conditions have to be fair, they have to be fairfor our to be fair, they have to be fair for our workers and companies and this fine balance of fairness has not been achieved so far. Our negotiators are still working and we will take a decision on sunday. Well, theres been a warning in the last few hours from britains Retail Industry about the impact of a no deal brexit on prices. It says import taxes or tariffs of more than £3 billion would have be added to food and drink imported from the eu, at an average rate of 20 per cent. The uk relies heavily on europe forfresh produce at this time of year and that would mean higher prices in the shops here according to the british retail consortium. Lets go to brussels now for a european perspective on that. Ben butters is ceo of eurochambres, the association of european chambers of commerce and industry, which represents some 20 million businesses across europe. Good to see you and thank you for talking to us. You represent millions of businesses in europe. What does a deal or no deal mean for your members . Its extremely important deal is being struck and members have been pushing for this since 2016 and we want to deal with the uk. Its historically one of the strongest partners for the rest of the European Union and remains the Third Largest trading partnerfor remains the Third Largest trading partner for the remains the Third Largest trading partnerfor the eu, so it is crucial that our businesses, the 20 million or so across europe are businesses, the 20 million or so across europe are able to continue trading with their partners in the uk in a manner thatis partners in the uk in a manner that is with as few barriers as possible and notably Tariff Barriers which would be highly problematic. One of the current barriers is the principle of equivalence. Just how much of a concern is in for you and your members to have businesses in europe trading under different rules and regulations . Its a significant concern that it was underlined yesterday. We want to be able to trade with uk businesses but if they want access to the Single Market they must comply with the same rules and standards as business, consumer and social protection otherwise it wouldnt be a level Playing Field, so i dont think the notion of equivalents is a new one as prime ministerjohnson implies and its been there since the beginning of the negotiations and it is important that it is solved because we want a good deal with the uk but not at any cost and that would be a cost too far. Uncertainty is never good for business. Some of your members might be experiencing effects before the transition experience ends . The chamber in flanders asked some of its members who trade heavily with the uk what the implications are they said already they were having take mitigating measures and are concerned that the uk customs authorities are not sufficiently prepared and that the ports are not sufficiently prepared and as we saw earlier this week with the car plant in the uk closing down its operations for a few days because of a lack of components, even before any of these new measures have taken place, even before the uk leaves the Single Market there are already obstacles and barriers and that is having an impact not only on the day to day activities of businesses across europe but also on their confidence and ability to plan ahead, which are very important aspects when we talk about the need for a recovery, a quick and sustained recovery across europe. Looking at what is happening with the negotiations now, it seems like they have moved into the room realm of ideology and philosophy and not just about practical matters. When you look at the possible outcomes, what is the one you are hoping for, considering just how far apart these ideologies appear to be . Just how far apart these ideologies appear to be . M just how far apart these ideologies appear to be . It is worrying that with 48 hours to go according to the feedback from the dinner between prime ministerjohnson and ursula von der leyen, it is worrying that we are talking on this ideological level. I suspect that when mr frost and Michel Barnier and their teams are meeting they are going into far more detail and going into the mechanics of it, but ultimately our hope is that they can reach a deal, avoid this no deal scenario which would imply the imposition of tariffs which is exactly what we do not need in our economy at the moment, ta riffs our economy at the moment, tariffs on agricultural products, on car components, on a whole range of goods and components, plus also barriers to the provision of services. That is really the last thing the economy needs at the moment. Thank you so much for your time today. Lets stay with the European Union because eu leaders have finally broken the deadlock over a Financial Aid package worth 1. 8 trillion euros more than 2 trillion dollars to help pull the regions economies out of their pandemic induced recession. It needed unanimous agreement but was being vetoed by poland and hungary. They were protesting at rules linking access to the cash to respect for the rule of law. Both countries are being investigated by the eu for undermining the independence of courts and the media. But those rules have now been softened. Also on thursday the European Central bank ramped up the level of cash it is pumping into the regions economy by half a trillion euros. Ecb boss Christine Lagarde warned that there are signs of recovery in europe but support is still needed. The rebound of Economic Activity in the Third Quarter was stronger than expected and the prospects for the roll out of vaccines are encouraging. The pandemic continues to pose serious risks to Public Health and to the euro area and global economies. Joining me now is Chris Beauchamp chief market analyst at ig here in london. It looks like a resolution has been found, so what has the initial reaction been . Broadly positive, nothing too much in the markets overnight but a good sign to see this Important Programme finally making progress in the european institutions and to see it on the same day as the ecb announces an increase to its own Recovery Efforts is really encouraging sign and contrast with the us where you still have this rancour over a similar package and you have the us bank pleading with the government to get moving and markets will be pleased that one key part of the Global Economy has coordinated fiscal and monetary stimulus to provide the best possible boost for the struggling economies. Hopefully this is the beginning of something a lot more concrete in terms of getting the economy back on the right track. As we heard, there is the boosted bond buying plan from the European Central bank but how much of a difference will it make in terms of the affordability of credit in the region . The bond buying programme is like pushing a string because the ecb programme has been around for awhile and it was crucial early in the year to provide the confidence and im not sure how much it changes dial too much because the ecb have been saying for a long while that there is a limit to what they can do and its very much an emergency measure and the onus has to be on governments to do a lot more, so the fact it comes on the same day as the eurozone comes on the same day as the eu rozo ne recovery comes on the same day as the eurozone recovery is a very good sign and should give investors in europe a bit more confidence as to the strength of the recovery because as cristiane lingard said, the return of lockdown has knocked confidence and hopes of a broad recovery in the short space of time soi recovery in the short space of time so i think all things together, this is a more positive development for the economy and for markets as well. Just briefly, she also said there was some still some concern and what are the main issues that are causing that concern . Its the fact that the economies remain mired in recession, or the economic consequences of the losses earlier in the year and while we have a vaccine on the way we still have to get through a good few weeks or months of winter and that will be the major problem that hopefully we can navigate these waters without a bigger or further wave of infection and the lasting damage to Economic Confidence and the outlook should not be too strong, because if it is, we will have to see more measures to provide the sustainable boost for the european economy. We will leave it there. Thank you very much. The boss of mobile phone equipment giant ericsson has told the bbc that bans on its chinese rival huawei are scary. Swedens ericsson competes with huawei in building 5g telecoms networks. It has seen huawei banned from the process by various countries around the world including sweden over alleged threats to National Security. But ericsson ceo borje ekholm says the bans damage free trade which is in nobodys interest. It is easy for us. We are dependent on free and open trade. We are dependent on economies being open and we have no home market, if erickson would only is well in sweden it would be less than a percent of the current size so we are dependent on countries being open. Of course i recognise that all countries need to make National Security decisions, but that can be done and still maintained with open and still maintained with open and free access to the market and free access to the market and that is what i criticise the swedish government for, not banning actors in a market doesnt make sense from an free trade perspective and you can draw on future trends, and it becomes scary for us. And viewers on bbc world news can see more of that interview with bojre ekholm, chief executive of mobile network giant ericsson, on talking business with Aaron Heslehurst this weekend. The times are on your screen now with the first airing at 2330 gmt on saturday. Now, take a look at these. They are collectable figurines made by Chinese Company pop mart. And they have made the man behind them very rich indeed. The beijing based company has floated on the Hong Kong Stock Exchange this morning shares have soared and so has the net worth of its founder wang ning. Sharanjit leyl is following this for us in singapore. A fortune from toys. Absolutely. He has essentially see his wealth surge threefold this year thanks to strong investor demand for the initial Public Offering, but get this, pop mart makes mystery toys, thatis pop mart makes mystery toys, that is the type you buy not knowing what is inside and having the thrill of being surprised by those figurines will cost you about 8 a pop, no pun intended. Pop mart sells its products and some 21 countries outside china and its customers, the majority of whom are women range in age between 18 to 35 years old and shares of the beijing based firm were floated on the hong kong stock market this morning raising about 674 million which the company says it will use to open more stores and expand overseas. The shares rose about 100 in early trade after that stock market debut and we know that pop mart has grown massively to be a Company Worth about 7 billion because chinas millennial is spent more on mystery toys and any other hobby and thats according to a report from the e commerce platform. Pop mart saw revenues dribble last year to over 250 million and also has licensing deals with the likes of walt disney and Universal Studios while also selling products from third party suppliers. All of this has meant that the head has a net worth about 3. 2 billion according to forbes. Is fascinating. Thank you very much. Stay with us. Still to come. Pop mart stores on the stock market debut making its past the latest tech multi billionaire and he will tell us about a roller coaster yearfor tell us about a roller coaster year for the tell us about a roller coaster yearfor the home rentalfirm. The Government Spending watchdog has criticised nhs test and trace in england, saying it must do better. The National Audit office said that in the early weeks of the system, call handlers had been working for only one per cent of their hours. The government said more recent performance figures had improved. Secondary School Pupils in parts of london, essex and kent will be offered mass testing in an effort to control the spread of coronavirus. It comes as secondary School Students in wales prepare to take their Classes Online from the end of today, after a significant rise in infections there. Non essential shops across much of western scotland including glasgow reopen this morning for the first time in three weeks. Retailers in 11 Council Areas have been under the scottish governments toughest lockdown rules. Pubs and restaurants remain closed until saturday. For those stories and more, breakfast is at six oclock with Naga Munchetty and Charlie Stayt. This is bbc world news, the latest headlines. Doctors advising the us food and Drug Administration endorse the Pfizer Biontech vaccine. Final approval is expected within days. Supporters and opponents face off outside the Argentine Congress as ministers debate a controversial bill to legalise abortion. Lets go to the us now, where shares of home rental platform airbnb have soared on their debut on the nasdaq stock exchange. They closed at almost 145 dollars up 112 per cent on their opening price. The blockbuster initial Public Offering values airbnb at over £100 billion. Its given a healthy windfall to many thousands of hosts who rent out their properties on the site and were allocated shares. But nothing compared to the payday for boss and co founder brian chesky who now has a net worth of more than 11 billion. Hes been speaking to our own Michelle Fleury about the rollercoaster year the company has had i felt i was the captain of a ship got hit by a torpedo and we werent anticipating going public but then something happened and people started who we re happened and people started who were stuck in the home started getting in their cars and they wa nted getting in their cars and they wanted to go to small towns and communities and the demand meant that the business started rebounding and at that point we thought, you know what, this might bea thought, you know what, this might be a good time to go public because we were already prepared to go before and we just wanted to allow more people to become shareholders. We are at the point where a vaccine is on the horizon. What does that do to your business . Currently a vaccine would mean more people would travel and if you think about next year, people will be waiting to travel again and we can only stay home so long before we are yearning from what is taken away from us. A lot of people think travel have been taken away from them and to be gathering and be with the people they love and care about has been taken away from them and that is fundamentally what people are looking to do soon as they can. What are you going to do with the money you have a raise . We are still in a pandemic and a storm and we dont know how long the storm will last and we hope for the best and plan for the worst, so we wa nt best and plan for the worst, so we want to hold the money in the Balance Sheet and be measured about investments and as the world opens back up and there are vaccinations we think as people are travelling we will be able to dial up the investment again but we will be very prudent and thoughtful about investing, especially in about investing, especially in a world with a huge amount of uncertainty. You taken various initiatives to commit to be a socially responsible company and cynics will call it virtue signalling, but you are trying to address the tension between the share in the economy and the share in the economy and the needs of the hosts and local communities. When you are getting together with your partners, how do you try to solve some of the tension that will exist. There will always be tensions because we are in a community and communities have to find harmonies between different stakeholders needs andi different stakeholders needs and i would say actions speak louder than words. I could give words but people will evaluate us over words but people will evaluate us over the years of actions and in these past eight months, we have had to demonstrate with action. We gave 1 billion in refunds to guests this past spring because they felt unsafe to travel. A lot of companies dont do that. We took 250 million and gave it to hosts of the Balance Sheet when we were in more distressed situations and it was not obvious that that was a smart decision to do but we felt it was the right thing to do, so i think you will have to make hard decisions but ultimately, we think there is a way you could design something for everyone to benefit and it doesnt have to benefit and it doesnt have to benefit and it doesnt have to be awesomely somebody winning and somebody loses, im not being naive, but we can work hard to design better systems for everyone, no question. Finally its a bit early in the day here but lets talk about wine. Britains a major hub for the 6 billion dollar trade in fine wines but wine experts here are facing a major hangover. The pandemic has dealt a blow to restaurants and with them the people who look after, advise on and serve the wine the wine stewards or sommeliers. And as fears of a no deal brexit grow so do concerns about the future supply and prices of wine from the eu. Frederica zanghirella is Vice President of the uk sommelier association. Hello, im good to see you. Good morning. Tell us what sort of impact the pandemic has had on the industry. The industry has been severely impacted by the pandemic, to lock downs, the pandemic, to lock downs, the first especially very long and social distancing measures which drastically reduced restau ra nt which drastically reduced restaurant revenues and that resulted in cutting staff. Of course, the furlough scheme partially helped the business but unfortunately the situation is extremely tough because we have to consider the restrictive measures that are still in place for several months. As you say, this has had a huge impact because of the nature of your business, so what have sommeliers been doing in lockdown. What have they done . We ran many courses in lockdown and sommeliers took advantage of the free time to keep studying and increasing their knowledge because that is their knowledge because that is their job, their knowledge because that is theirjob, being their knowledge because that is their job, being knowledgeable and always date with trends and new wines and a new approach to wine and we had a view sommeliers come in and asked to provide some training, extra training. Other changes are also on the horizon with brexit. Considering around 38 to 40 of hospitality workers come from foreign countries, what impact could brexit have orfurther impacts what impact could brexit have or further impacts could it have on your industry . Of course we already saw that trend since 2016 because, normally, we would have half of the students there, they are young people, or not so young people, but professionals coming over to the uk to have an experience, one years, two yea rs, an experience, one years, two years, three years, working experience and they were very good resources for restaurants and now they have stopped coming over. Im sorry, but we have to leave it there. I am sure that was a major factor. Thank you very much for your time. Stay with us on bbc news. I will be back with the latest headlines. Although skies across the uk on thursday were almost uniformly grey and drab, skies like these we re grey and drab, skies like these were pretty commonplace across the country. There were a big temperature contrasts from place to place. In the west we had mild atlantic air moving in that in Central England across the whole of scotland we had cold, continental air. The whole of scotland we had cold, continentalair. In the west temperatures reach double figures, ten or 11 degrees but across central and Eastern England, temperatures more typically around five or six celsius and we only managed to get four celsius and we only managed to getfour in celsius and we only managed to get four in dalwhinnie, so some big contrasts and they were driven by this weather front that has been bringing rain eastwards over recent hours and it has been one of those nights where the mild air pushes in and temperatures for some have been rising through the night as well, so for most of us, friday will get off to a relatively mild note but across Eastern England and the scot in the rain will linger in aberdeenshire pretty much all day bringing the risk of localised flooding and time in the morning there will be low cloud for north east england with hill fog patches around. The skies try to break them from the west that there will be plenty of showers coming through late in the day and the mild air pushes into nearly all of the uk as we head towards the afternoon so temperatures will lift across central and eastern areas. In the weekend, low pressure eastern areas. In the weekend, low pressure loiter is on the weather chart which will bring rain across scotland and it is slow to ease across eastern but none of it heavy, but later in the day we will see a ridge of High Pressure which means we will see more in the way of sunshine for northern ireland, wales, and western and southern areas of england. The sunshine wont hang around long because the rich will move away to be replaced by the second half of the weekend by low pressure and that will bring south westerly winds so we should see milder air sloshing winds so we should see milder airsloshing in winds so we should see milder air sloshing in across the uk. Sunday promises to be a windy day and we might have gales on the western coast and there will be a lot of rain around as well and as it clears, showers will follow but temperatures on the mild soil, reaching a height of the south west of 13 degrees. That is your latest weather. Good morning. Welcome to breakfast with Charlie Stayt and Naga Munchetty. 0ur headlines today. Dame barbara windsor, star of eastenders and the carry on films, has died at the age of 83. The actress was diagnosed with alzheimers six years ago, throughout breakfast, well look back at her life and career. Pupils at secondary schools in parts of london, kent and essex are to get covid tests in an attempt to curb a rapid rise in infections. Secondary students in wales are sent home and will do Classes Online from monday. Borisjohnson says theres now a strong possibility that the uk will not agree a post brexit