more evidence that wages are failing to keep pace with the cost of living earnings are down 1.2% from last year when adjusted for inflation, their biggest fall since 2013. a woman convicted of killing a one year old boy she was hoping to adopt. her lawyersaid one year old boy she was hoping to adopt. her lawyer said she lost it over his crying. wayne rooney tells a libel trial that the fa wanted rebekah vardy to calm down during the european championships six years ago. the queen has made a surprise visit to the new london elizabeth line ahead of its opening next week. welcome to bbc news. the foreign secretary, liz truss, has confirmed the government will introduce legislation that would change parts of the post brexit trading arrangements for northern ireland known as the protocol. she told parliament that britain would prefer a negotiated settlement with the eu, but failing that, it would pass a law to change the protocol to make trade easier in an attempt to encourage
Its exactly a year since opec and russia first struck a deal to cut production. Brent crude has soared from 45 dollars a barrel in the summer to over 63. That deal is due to expire at the end of march. But there are signs of a split. Russia is happy with oil at 40 a barrel some of its oil bosses have been questioning why cuts should continue now prices have recovered. But the saudis need much higher prices to balance their economy they want oil at 60. Lets get more on this story. Herman wang, is opec specialist for s p global platts. Hes in vienna covering the meeting. Welcome to the programme. You expecting production cuts to continue beyond march . Thank you for having me. It looks like we are heading towards a nine month extension. As with a lot of these agreements, the devil will be in the details. We know that russia isnt quite as, or, a little less committed to having this production cuts locked in for another year. There are a lot of people that will be looking closely at this c
Behind one of britians first healthy supermarkets. And with Brexit Theresa may heading to brussels next week to try and break the brexit deadlock well have a special report from the irish border on one of the key sticking points. Wed love to hear your views on the stories we cover today. Get in touch by twitter just use the hashtag bbcbizlive. The price of oil matters. Thats because it drives so much of the World Economy whether its used for transport people and goods or heating our homes and workplaces. And its why the focus is on vienna today because thats where the oil wm that deal is due to expire at the end of march. But there are signs of a split. Russia is happy with oil at 40 a barrel some of its oil bosses have been questioning why cuts should continue now prices have recovered. But the saudis need much higher prices to balance their economy they want oil at 60. Meanwhile the continuing recovery of the Global Economy has helped cut stockpiles. In september they fell to just un
In sight. Wherehave a look at european equities are trading right now. Just under 30 minutes to the close. What was the longestrunning weekly gain since july, three weeks for the stoxx 600 has come to an end. We are seeing losses pretty much across the board. Greece down more than 3 . Down one point 8 . We are seeing the euro stoxx 50 down, germanys dax down as well. Sterling has dipped below 124 today. Down 5 10 of a percent on the pound. In fixed income markets it was a good 10 year yields the german 10 year yield down five basis points. We see yields move down in the core in france and germany if we look at the bond market. A lot of movement in commodities as well. I will get to oil in just a moment. We are seeing that rally in metals, too. Look at italian banks. This one of the recent we are seeing the stoxx 600 fall over all because of the weight of what is happening with italian banks. The index is heading for its lowest level in more than three months. To abouting its drop 15 .
Spokesperson as the Parliament Begins to reign in Search Engines. A warm welcome, i am anna edwards. It has just gone 6 00 here in london and lets start with the oil story, the longawaited meeting is hours away in vienna. In the lead up to the meeting we have seen prices collapsed a four year lows. Ryan has been on the ground speaking to oil ministers, good to see you this morning what can we expect . I think if you look at the , clearly investors are not expecting a supply cut. We heard the oil minister of saudi arabia saying the gulf countries have reached a butensus amongst themselves none of them have been pushing for a supply cut so the fact that some of them have a united position suggest that that faction within opec is happy not to have that happen. You will remember the saudis had that meeting alongside the venezuelans, the mexicans and the russians earlier in the week and that failed to deliver a supply cut. There was this idea going into the meeting that there could be this