to portugal and spain, with the aim of rebuilding his country s ties with europe. lula da silva is facing criticism after suggesting that ukraine and russia shared the blame for their current conflict. you re watching bbc news. time now for talking business with aaron heslehurst. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. the cost of living has been going through the roof, but can it possibly go up even more? and do prices ever really come down? we re going to be looking at how those prices get set and what goes on behind the scenes between growers, suppliers and the shops themselves. i m going to be discussing all of that with this crack team. there they are. commodities expert kona lasker haque can tell us where the markets think prices of raw materials are heading. kai markus mueller, who s the neuroscientist who gives us the psychology behind the way shops set their prices. an
well, i m going to be discussing all of that with these two. there they are, an it energy watcher from greenpeace and the vice president of a huge multinational who specialise in internet connections and data centres all around the world. also, can you help heat a city by streaming the latest cat video? i m going to be catching up with the big boss of one of europe s top power companies capturing waste energy to warm your homes. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, all of our lives are moving more and more online and more and more of that life is now in the cloud. we store our photos, ourfamily memories, our shopping lists, and our endless, endless emails to this other place. but the cloud is not some bunch of mist floating in the sky. no, it s a vast digital infrastructure huge networks of cables and processes, the cogs behind the machine powering our online world. and housing all of this are dat
is now in the cloud. we store our photos, ourfamily memories, our shopping lists, and our endless, endless emails to this other place. but the cloud is not some bunch of mist floating in the sky. no, it s a vast digital infrastructure, huge networks of cables and processes, the cogs behind the our online world and housing. all of this are data centres, increasingly and housing all of this are data centres, increasingly massive buildings containing vast banks of servers, holding and crunching our ever expanding online existence. and it s a business on the rise a global market estimated to have been worth under $200 billion back in 2020 is predicted to reach over half a trillion dollars by the end of this decade, which would mean growing something in the region of over 10% a year, all driven by our expanding use of the web. in fact, well overfive billion people were estimated to have used the internet last year. that s around two thirds of the world s population. and as you c
describes writing his memoir as an act of service. he says he hopes sharing details of his life will help others. you re watching bbc news. now it s time for talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. the digital revolution is in full swing. expanding the internet of everything and moving life to the cloud is driving a boom in the tech industry, particularly in the world of data and where it s kept. from the drive to autonomous cars to using ai chat bots, to your emails and text or storing your photos and to watching your favourite show. all of this, almost everything we do on our devices is dependent on these kind of places. and the nuts and bolts powering our online lives comes with a carbon cost, as these data centres are energy hungry and often use vast amounts of water to keep their systems cool. so can the industry keep growing sustainably? well, i m going
welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1