illnesses in children in the north of the country. beijing has attributed the increase to the lifting of covid restrictions. and hundreds of thousands of arrivals in the uk, a blow to time for a look at the business news now. we start with a stark warning from the international energy agency. in a new report, the global energy watchdog say the gas and oil industry needs to vastly cut its emissions to reach climate goals. the iea say the oill and gas sector will have to cut emissions two)by 60% by 2030 to keep global warming to an increase ofjust 1.5 centigrades, and by 75% to reach the 2050 net—zero goal. the report was released ahead of the united nations climate summit, or cop28, which begins in dubai next week. the iea call this a moment of truth for the oil and gas industry. the moment of truth is for the oil and gas companies to decide if they are going to be partners in the fight against climate change or not. and some of the data that we have suggests that, for the moment, many of them awaiting from the sidelines because, right now, every year, this year, $1.8 trillion are going into a range of clean energy technologies. the contribution of the oil and gas industry to that is around i%. so, the starting point is not encouraging, we think there is an awful lot more that needs to be done. we're nowjoined by nitesh shah, who's the head of commodities, and macro economic research at wisdomtree. good to have you with us. it is an ambitious target, and looking at the numbers so starkly, like that, it is hard to see how the industry can achieve them. do you have any hope that we will meet those targets? what is clear session that the policy makers round the world have signed up to the targets to become net zero, to be able to meet those one—and—a—half degree caps on top increases, so, a combination of policy makers and the industry have to work towards those targets because they are our internationally binded treaties. the oil and gas industry will play an important role, even though through this energy transition that we expect, demand will likely shift from fossil fuels, all and gas to renewable source of energy, there will be a lot of demand for oil and gas come 2030, 2050, a couple of the big key target range, and so, when that demand for that oil and gas is there, we need the industry to actually decarbonise as well so the row easy —— process of creating needs to be decarbonised for it to be a relevant part of the solution. so the industry itself needs to change, but i am looking at the report and they say assuming that fossil fuel consumption continues, the oil and gas industry would need to capture 32 billion tonnes of carbon and remove 23 billion tonnes via air capture by 2050 if it is to meet the target. they say that would require more electricity that is used by the entire world today. it is not going to happen is it? m0. is not going to happen is it? no, not through _ is not going to happen is it? iifr, not through carbon capture sow that is why the industry needs to change, it needs to reduce the emissions it is producing so part of it is is like the escape of methane, there is lots leaking, which could if contained would reduce the greenhouse gas emissions by a significant amount, greenhouse gas emissions by a significantamount, remember, significant amount, remember, methane significantamount, remember, methane is a particularly potent greenhouse gas, it is sties as potent as carbon. just trapping the leak ages, in of its own can do a lot to get to targets. then there is lots of transferable skill sets that exist in the hydrocarbon industry that could be used for making things like green hydrogen for example, or for making biodiesel, so there is a lot the industry can offer in that transition. it lot the industry can offer in that transition. , lot the industry can offer in that transition-— transition. it will be fascinating to see what — transition. it will be fascinating to see what if _ transition. it will be fascinating to see what if anything - transition. it will be fascinating to see what if anything is - transition. it will be fascinating l to see what if anything is agreed transition. it will be fascinating - to see what if anything is agreed at that summit. good to have good to have you with us. to turkey now, where the central bank has raised interest rates by 500 basis points to a0%, from the previous 35%. this to battle inflation — turkish annual consumer price inflation climbed to 61.5% in september. untiljune, the bank had pursued a controversial government—led policy of low rates and loose policy despite soaring inflation. victoria craig joins us now from ankara. victoria, this is what the sixth straight month of rate rises, is it making any difference to tame inflation? they are still at a record level?— inflation? they are still at a record level? , , ., ., record level? indeed, yes, inflation is still running _ record level? indeed, yes, inflation is still running very _ record level? indeed, yes, inflation is still running very high _ record level? indeed, yes, inflation is still running very high and - record level? indeed, yes, inflation is still running very high and if- is still running very high and if you ask economists and the central bank itself inflation is set to continue rising until the middle of next year when it is expected to top out round 70ers there the central bank does see sciences of policy making a difference on the overall health of the economy and today it cited a number of reasons why it wanted to raise interest rates more aggressively than expected and why it thinks it might begin to stop raising them aggressively in the next couple of month, we have seen retail sales fall on a month over month basis and we have seen a slow down in consumer credit growth. both point to sort of how this monty policy, how interest rates are helping cool demand and that is is a good thing. that is what they want to see. if we seen import, turkey —— turkey's imer ports fall that. is one thing the finance minister has been aggressively tarring since he came in after the election, because the country's current account deficit was fairly high, that means the country was importing, spending more money bringing goods than it was making, so this import data has been showing that a current account deficit is coming back in line, not for nothing, there is also an important local election in march next year, so there is a thought that policy makers want to get all of this economic sort of rejiggering outs of the way before president erdogan and his akp party hit the road to try to convince voters to put them back in power in two of the biggest cities in turkey. 50 it biggest cities in turkey. so it underlines _ biggest cities in turkey. so it underlines how _ biggest cities in turkey. so it underlines how economics i biggest cities in turkey. so it underlines how economics and politics come crashing together. give us a sense of what that inflation rate feels like day—to—day, it's a number people will struggle to get their head round, what does it change, day—to—day. it round, what does it change, day-to-day-_ round, what does it change, da -to-da. . , ., . day-to-day. it affects how much --eole day-to-day. it affects how much peeple are _ day-to-day. it affects how much people are able _ day-to-day. it affects how much people are able to _ day-to-day. it affects how much people are able to buy. - people are able to buy. ge the thing about turkey is that people have for decades lived with high levels of inflation so this isn't really anything new. they are readjusted household finances and as we have seen, some of to big companies have warned, they expect a slow down in what consumers have are purchasing. but you know, people are recap greating, during the election, voters said the biggest issue for them was the economy, that is why we have seen spread wan reappointed a new finance minister and central bank chief to bring about this rational policy, to bring more normalty and stability to the economy and that is what we are seeing, the question is whether consumers understand that more pain has to come before that nor marme normal period takes over. it has to come before that nor marme normal period takes over.— normal period takes over. it could take time to _ normal period takes over. it could take time to filter— normal period takes over. it could take time to filter through. - normal period takes over. it could take time to filter through. good l normal period takes over. it could l take time to filter through. good to have you with us victoria, as always. those are your top business stories. you are watching bbc new. this is craster�*s smokehouse. here since the 1850s, it's been in one family for more than a century, and now granted grade—ii listed status. a staff of 19 cure the craster kippers. some can still split the fish by hand — a delicate skill. you've got to have like a feeling in your fingers. as you're looking to run the blade along the backbone. do i enjoy it? i thought you might laugh. it's all right. we have a bit of banter, a bit of a laugh. it's cold, it's wet and it's smelly. in the 1900s, many coastal towns would have had smokehouses like this, but many went bankrupt. and in the shop next door, customers come from far and wide. we come every year for kippers especially. from here. you think they're that good? they're brilliant, they're gorgeous. we love them. and with the smokehouse now listed, the tradition should continue for many years to come. you're live with bbc news. we have had new details on the deal between hamas and israel. let us hear now from one of the families i have been speaking to, adam and his cousin was taken by hamas. he spoke to me an started by expressing leaf in terms of what he had heard so far. , ., , , in terms of what he had heard so far. n, _ ._ in terms of what he had heard so far. ,., _ ._ ., far. obviously, really relieved that the children _ far. obviously, really relieved that the children and _ far. obviously, really relieved that the children and some _ far. obviously, really relieved that the children and some of - far. obviously, really relieved that the children and some of the - far. obviously, really relieved that i the children and some of the women hostages will be hopefully be released by tomorrow morning we were hoping it would happen this morning, you can imagine what it is like to be a parent of one of those children and waking up this morning and still no, no none of your children being home yet. 0bviously, for people like myself, my family, we're continuing to hope that this leads to more hostages being released and my cousin can come home who has children too, who miss their father and we lolled like to see him. in terms of the process, what have you been told, because we have had the first 13 names, it does appear that day—by—day, we will get a new list. in general terms, that who is that like for the families? i in general terms, that who is that like for the families?— like for the families? i mean each da is 'ust like for the families? i mean each day is just another _ like for the families? i mean each day isjust another nightmare - like for the families? i mean each day isjust another nightmare day| like for the families? i mean each i day isjust another nightmare day as day is just another nightmare day as far as we are concern. we don't even have proof of life, we don't know if my cousin is alive, whether he is well and healthy, so we are asking for the red cross to visit the hostage, the remaining hostages, and inform us on the status, so we can at least know if he is ok. 0bviously, at least know if he is ok. obviously, we hamas has a lot of cards to play here and they are playing them, they are, you know, it is not in their interest to relinquish the hostages immediately, and they are going to be playing for time, because time suits them, and thatis time, because time suits them, and that is the thing that i think is worrying about this, is that ten hostages a day, being dragged on, this could go on for months, at this rate, there is over 240 hostage, we don't know even if the schedule of ten a day is going to be realistic, past five day period, so we wait and see. , ., ~ see. does that feel like psychological _ see. does that feel like psychological torture? l see. does that feel like - psychological torture? yeah, see. does that feel like - psychologicaltorture? yeah, i see. does that feel like _ psychologicaltorture? yeah, i mean it is dangling — psychologicaltorture? yeah, i mean it is dangling before _ psychologicaltorture? yeah, i mean it is dangling before us _ psychologicaltorture? yeah, i mean it is dangling before us the - it is dangling before us the possibility that we could have our loved one home, and all of the other families as well, and i think that, it is is a bit, it is cruel, especially because we don't know even whether they are ok, health wise, whether they are alive. we don't have proof of life. we still haven't had any of that kind of confirmation coming from their end, so, yeah, it is torturous. tell confirmation coming from their end, so, yeah, it is torturous.— so, yeah, it is torturous. tell me about your— so, yeah, it is torturous. tell me about your cousin, _ so, yeah, it is torturous. tell me about your cousin, because - so, yeah, it is torturous. tell me about your cousin, because and l so, yeah, it is torturous. tell me i about your cousin, because and how he was taken, because the details i have read are really horrific.- have read are really horrific. yeah, i mean, have read are really horrific. yeah, i mean. on — have read are really horrific. yeah, i mean. on the _ have read are really horrific. yeah, i mean, on the day _ have read are really horrific. yeah, i mean, on the day of _ have read are really horrific. yeah, i mean, on the day of the - have read are really horrific. yeah, i i mean, on the day of the massacre, the terrorists infiltrated the community where he and his family were living, just near the border and they used the cover of the rocket fire and intense barrage of rockets to hide their tracks, and while everyone was rushing to bomb shelter, it was early in the morning on a saturday, people were still in pyjamas and so they rushed into the bomb shetland earthquake which you only have seconds to do when you are that close to the border, the shelters tend not to have locks on the door so he was, it was once it was clear the terroristed had infiltrated the community he was holding the door close and my daughter who is 18, we helping him, while the rest of the family were carrying inside the shelter, and, the terrorist shot their way through the terrorist shot their way through the house, went door—to—door and shot their way into the bomb sherget when they broke through they shot his first born, she is, she was 18, she had just celebrated her 18th birthday, the balloons from her party were still up in the house, and miss cousin and the rest of family had to sit and watch their loved one, their beautiful girl die in front of them, my cousin had the blood of his daughter all over his clothes and we know this because the terrorists not only were not satisfied with visiting that particular atrocity upon us, but they insisted on asking her mother to unlock her phone so they can live stream the terror to the rest of the family on her facebook. so we have the picture, we have the video of her and the rest of the family. just one of the families of the hostages talking to me earlier, responding to those details of the deal about the release, that first batch of 13 of the hostages that comes tomorrow. we will have live coverage here, on this programme of these the details has the merges. turning to a different story. the world health organization has asked china for more information on "clusters of undiagnosed pneumonia" spreading among children in the north of the country. paediatric hospitals in some parts of china are overwhelmed with sick children. chinese authorities attribute the increase of cases to the lifting of covid—19 restrictions. the who is expecting answers from china in the next 24 hours, and is urging people to take steps to reduce the risk of infection. live now to professor francois balloux, director, ucl genetics institute. thank you for being on the programme, your reaction to what we are seeing there, in china. melt. programme, your reaction to what we are seeing there, in china.— are seeing there, in china. well, i think there _ are seeing there, in china. well, i think there is _ are seeing there, in china. well, i think there is some _ are seeing there, in china. well, i think there is some concern - are seeing there, in china. well, i think there is some concern given | think there is some concern given that it echoes a little bit what happened nearly four years ago, with the covid pandemic, but i think i would like to make it clear it looks like a pretty different situation so at this stage, there is no evidence for any pathogens what seems to be happening, it is not teteest totally, what seems to be happening is a big kind of wave of respiratory pathogens, a bit of flu and mostly looks like the picture. truth? pathogens, a bit of flu and mostly looks like the picture.— looks like the picture. why do you think it is happening _ looks like the picture. why do you think it is happening and - looks like the picture. why do you think it is happening and why - looks like the picture. why do you think it is happening and why so i think it is happening and why so many young people? think it is happening and why so many young neonate?— think it is happening and why so many young people? well, all these kind of respiratory _ many young people? well, all these kind of respiratory bugs _ many young people? well, all these kind of respiratory bugs are - kind of respiratory bugs are seasonal. so we are seeing this kind of thing in waves and anyone who has children, very young children, maybe knows in the nursery, there might be big outbreaks, it is, ok, partly normal. what is a bit abnormal is maybe the extent of the wave and one likely reason why china's having a big wave is that they are pretty strong long lasting restriction of the last three years and it is likely children were less exposed to many of the childhood respiratory viruses, and, there is a bit of, so they don't really have much immunity when they get infected. so, we we see these cases, slightly more veer cases with some needing hospitalisation. in cases with some needing hospitalisation.— cases with some needing hospitalisation. cases with some needing hositalisation. , ., hospitalisation. in terms of when ou hospitalisation. in terms of when you anticipate. — hospitalisation. in terms of when you anticipate, how— hospitalisation. in terms of when you anticipate, how quickly - hospitalisation. in terms of when you anticipate, how quickly do i hospitalisation. in terms of when l you anticipate, how quickly do you think china would hand over more of the data, so experts, scientists can take a look at what is happening? yeah, that is a different question, it is a bit disappointing that china has not been sharing the data. maybe they are slightly overwhelmed, i don't know, but let us say, yeah, i think there is a perception they could have been more up front and what happened a few years ago, it would have been valued if they could have shared detailed data about the diagnostics in the hospital and so on, i hope they will do so shortly because i think everyone would be relieved and i think the world needs to know that yes, we are not facing another pandemic or conversely, there were some concern, like burden flu. , , ., there were some concern, like burden flu. . , . . there were some concern, lik