give up its secrets. rebecca morelle, bbc news. the time is 10:30pm and darren is here with the weather. hello, i want to touch on the flooding in italy first of all. this is just another example of severe weather becoming more severe and happening more often. it wasn t too long ago that this part of italy was in drought, but there has been six months of rain in the last couple of weeks which has certainly changed all that. this programme contains repetitive flashing images there s more analysis of the days main stories on newsnight with victoria which is just getting under way the site of the former redcar steelworks is at the centre of a furious row between the conservative mayor of tees valley and labour. truly shocking. industrial scale corruption on teesside. a huge site acquired by the public body south tees developments limited for £12 million, in 2019. what s going on then? we ll talk live to the conservative mayor who s facing labour claims of cronyism, corruption
the turkish city of antakya is one of the most severly damaged, with some of the country s significant historic monuments lying in ruins. now on bbc news, talking business. hello, everybody. a warm welcome to talking business weekly with me, aaron heslehurst. on the show, the windfalls of war. $200 billion, the total amount of profit taken last year alone by the world s major oil companies. president biden and other world leaders are accusing the oil companies of war profiteering at a time of a cost of living crisis not seen in a generation. instead of reaping the cash and paying much of it out to shareholders should big oil be pumping it back into exploration, or even into the great energy transition? i will be discovering all of that with these two. president of energy policy research foundation, club. also, clothes, food, tv, much of the energy that you use, all brought to you by a ship. i will be taking the pulse of the industry with the big boss at the head of the world
and the cost of living crisis that has triggered. but there are signs of hope are starting to emerge. in the last few hours we ve had the latest monthly inflation figures out of spain and that the pace of prices rises fell to an annualised pace of 3.1% in march when using the measure that allows comparison with other countries. that s a big drop from february s 6% and was mainly due to lower energy costs, with food prices also falling. and in germany, europe s biggest economy, there was also a big drop. by the same measure inflation has now fallen to 7.8% as businesses and households benefited from lower natural gas prices. joining me live now is the spanish economist professor santiago carbo valverde, from the university of valencia. what is causing such a big fall in inflation in spain? lowering vat has helped bring down some of the prices of the food and agricultural prost products. we also have what is called a competition or factor. last march, inflation is computed year
showers go through quite quickly on a brisk, south westerly wind. we could see lines forming from dartmoor all the way up to north london and if you are underneath them, you will certainly know about it. elsewhere, sunny spells. dry with fewer showers in scotland. temperatures on the mild side. 17 degrees is always possible out towards east anglia. if we look towards east anglia. if we look towards the south west overnight, a deepening area of low pressure brings stormy conditions to south england in particular. it is mild beneath the cloud and the rain but it is cooler further north. temperatures dipping to low single figures here. here is our area of low pressure. it is gradually swinging its way northwards and eastwards. the wins will start to ease, but tomorrow morning there could be some gusts of wind towards devon and cornwall especially, 50 to 60 miles an hour, 70 miles an hour for exposed headlands, also in the channel islands to strong winds transfer further east is
response to actions by the countries such as china. economic coercion, so things like imposing trade barriers on european exports to china, in response to these issues. that is the kind of area, and allows the eu to work together, rather than country by country. i guess the question is, will the eu, because it is still a political decision to take action in response to china, or other countries, and i think that remains to be seen. there are different interests here. for example, germany still has very strong trade and investment links with china. and has been lenient against the toughest stance. she said the eu against the toughest stance. she said the eu need to define its future relationship with china in areas like quantum computing, robotics, ai. where will that relationship go? i robotics, ai. where will that relationship go? robotics, ai. where will that relationship go? robotics, ai. where will that relationshi no? ~ , ., relationship go? i think there s an emhas