profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return to th
more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you ve been hearing, borisjohnson has pulled out of the contest, saying the time isn t right and would not lead to much needed party unity. this leaves two contenders former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn t got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let s take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me now is
Losers in europe, on the they are all up. Also in the programme, well get the inside track on a smartwatch that allows parents to keep tabs on their children. But is wearable tech really the solution to Parenting Problems or just a technology too far . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. Please get in touch with your views on that story about parenting, wearable technology, or anything else we are covering. South korea is just a few hours away from finding out who its next leader will be. The election comes after the former President Park geun hye was removed from office as part of an Ongoing Investigation into corruption. The countrys economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . What are the president ial hopefuls offering to try to change the fortu nes offering to try to change the fortunes of south korea . The current frontrunner moon jae in has vowed to b
The World Economic forum in davos to get the inside track on how the worlds biggest institutions are dealing with the challenges of Cyber Security. The chief Technology Officer at Bank Of America will be joining us. Also Cambridge University is recruiting a professor of lego. So we want to know if the ubiquitous Building Blocks are now more than just childs play . Are you a Master Builder . Let us know. Just use the hashtag bbcbizlive. Today, for the first time ever, a Freight Train from china will arrive in the uk. It wasnt intended as a symbolic statement, but with the british Prime Minister now confirming the uk must leave the european Single Market, the trains arrival does illustrate that post Brexit Britain may need to look further afield for its trading partners. Theresa may used her much anticipated speech yesterday to announce the uks priorities for upcoming brexit negotiations. Leaving the Single Market means britain will lose the right to trade with the European Union without
It follows an Accounting Scandal and its warnings about where the economy is heading. Formula ones Bernie Ecclestone is forced off the grid the sports new owners want a fresh start. To to open the world. And la la land equals an oscar record, with m nominations. Coming up in Sportsday On Bbc News, Roger Federer rolls back the years at the Australian Open. Hes nowjust one match away from his first grand slam in over a year. Good evening and welcome to the bbc news at six. In a ruling of huge constitutional significance, the judges of the Supreme Court have said that only parliament can trigger the brexit process. Its not the decision that theresa may wanted. Shed argued that it could be done by ministers alone. Thejudges also said that the devolved administrations in scotland, wales and Northern Ireland do not have to be consulted. Tonight, the bbc has learned that the government will present a brexit bill to parliament as early as this thursday. And the Brexit Secretary david davis had