we're seeing that there and it also a sign that opec plus are really showing a strong defence of $80 a barrel floor in pricing. what they've done here is really build a fence, so plus and keep the marketing deficit with a view for demand and return must more ad much more strongly in the second half allowing cuts to be unwound and actually deficits to be sustained through the course of the year, keeping that curve, keeping prices elevated. i5 that curve, keeping prices elevated-— that curve, keeping prices elevated. , ,. , . elevated. is this cut-price dim then or are — elevated. is this cut-price dim then or are we _ elevated. is this cut-price dim then or are we likely - elevated. is this cut-price dim then or are we likely to - elevated. is this cut-price dim then or are we likely to see i elevated. is this cut-price dim then or are we likely to see a l then or are we likely to see a bit of impact on britain prices? we have already seen the jump prices? we have already seen thejump in the immediate aftermath of this. the jump in the immediate aftermath of this.- aftermath of this. there is already uncertainty - aftermath of this. there is already uncertainty as - aftermath of this. there is already uncertainty as to l aftermath of this. there is i already uncertainty as to how domain plans out but structurally bullish outlook for the rest of year where if demand does recover, particular jet fuel and some emerging economies in the second half, sustained deficits on top of what was on already precarious with stocks and on geopolitics. but, if the market does end up being weaker on the demand side, what we are seeing is opec could very well extend and keep the market in deficit anyway. a lot of this also, the geopolitical solution, tensions in the middle east where opec keeps expanding capacity on hold, to be able to release a little bit more if needed because all of this, all of the deficits that are now happening, despite the fact not actually seeing a supply disrupted from the middle east conflict but that is something that still could play out and then tighten things up to much stronger degree.— stronger degree. over the weekend _ stronger degree. over the weekend a _ stronger degree. over the weekend a high-level - stronger degree. over the - weekend a high-level meeting of weekend a high—level meeting of the world trade organisation failed to reach with delegates, leaving the impact of geopolitical tensions. the five—day meeting in abu dhabi ended saturday with no consensus on new rules of agriculture and fisheries. the wto described the talks is intensive and difficult. with the director—general saying they had come up against an international backdrop marked by more uncertainty than at any time she could remember. dozens of delegates are preparing to meet in beijing as china kicks off its annual parliamentary meeting on tuesday. it is a time where the government outlines its economic plan for the year but the country is facing a number of challenges with many hoping they will unveil some bold policies to help give the economy a much—needed use. our business reporter katie silva explains. when it comes to the economy, china's officials are in a difficult position. the country because my post pandemic economic recovery has been dipped —— disappointing. youth unemployment is high, governments are saddled with debt and people aren't having babies. raising questions about the future workforce. let's not forget that is all before that downturn in the real estate sector which accounts for about a quarter of the economy. that has been going on for almost three years, and falling property prices are hurting consumer confidence. people are less willing to spend and also, unlike in much of the rest of the world, prices in china are falling. all that may feel welcome in the short—term, it also signals that things are not well with the economy. that is just what is happening inside china. from the outside, restrictions on ship exports are the country's tech ambitions. all in all, it is a very tricky —— tricky situation to make policies for. but beijing has been trying. the country's central bank has been cutting key interest rates to boost the economy. state—owned banks have promised they will keep lending to those struggling property developing —— developers. but beijing hasn't been willing to spend any money to turn the economic fortunes around and experts say there are limited tools and their arsenal to fix things. premier young's speech will be closely watched. he is expected to announce the growth and many are hoping a roadmap to get the country back to boom times again. for what lies ahead in the chinese economy, i spoke to the form of resident of chinese bank subsidiary and he says he is not expecting big spending from the government. i is not expecting big spending from the government.- is not expecting big spending from the government. i see this basically is _ from the government. i see this basically is rallying _ from the government. i see this basically is rallying the - basically is rallying the troops to double down on xi jinping's goalfor a new technocratic hardware driven economy that is going to conquer the world and i think he is kind of dreaming and overcoming the difficult problems within china requires a different path and he is not going in that direction. we heard just _ going in that direction. we heard just then about the chinese government having limited options and trying to stimulate the economy. is that something you agree with? yes. something you agree with? yes, i do. something you agree with? yes, i d0- they _ something you agree with? yes, i do. they have _ something you agree with? yes, i do. they have the _ something you agree with? yes, i do. they have the highest - i do. they have the highest debt to gdp in the world. they have the property market that was up to 30% of gdp and has basically fallen by 70% in the last couple of years. huge debt levels. they had a jet fuel boom over the past decade and instead of letting the pre— markets try to grow and get like the amazon of china ali babar to move forward, they are putting $1 trillion or more into semiconductors which is a great idea except it is going to take a decade for that to bear fruit. to take a decade for that to bearfruit. other areas to take a decade for that to bear fruit. other areas like the electronic vehicle industry which has been a success story for china are really too small to help the economy very much and given the pushback from the eu and the us, is unable to result in large exports. they don't have a choice at this point. don't have a choice at this oint. , , , ., , don't have a choice at this oint. ,, , point. the philippines has said it ho es point. the philippines has said it hepes to _ point. the philippines has said it hopes to launch _ point. the philippines has said it hopes to launch formal - it hopes to launch formal free—trade men —— trade negotiations with the european union very soon. the country has been in preliminary talks with a 27 nation bloc four months after a previous attempt almost a decade ago fell apart. the southeast asian nation depends heavily on its trade with china but has been having tensions over the south china sea. it has said it wants to expand its economic relations to have greater resiliency. and dubai airport is the busiest international airport in the world outside of the united states. the boss says it —— he considers the pandemic recovery to be over and that the airport was the passenger numbers above levels never seen before. the bbc�*s levels never seen before. the bbc�*s caught up with paul griffiths and asked how soon the experts to see that record growth. the experts to see that record urowth. ~ ., ., ., ':: :: , growth. we are more than 10096 of where we _ growth. we are more than 10096 of where we were _ growth. we are more than 10096 of where we were pre-pandemicj of where we were pre—pandemic so recovery for us has already happened. and our growth actually is already looking very strong. ourjanuary numbers were very strong indeed, so in month one of 2024, we have already revised up 2024, we have already revised up what our projection for the year it was 88.8 million, it is now over 90 million. so expectations are pretty strong and we do think we will exceed our record passenger numbers that we recorded pre—pandemic during the course of this year. there are a lot of global headwinds at the moment. high interest rates, staff 5 ho rta g es, interest rates, staff shortages, and plain grounding is. how are you dealing with all those headwinds? we is. how are you dealing with all those headwinds? we are in all those headwinds? we are in a very fortunate _ all those headwinds? we are in a very fortunate position, - all those headwinds? we are in a very fortunate position, and l a very fortunate position, and incredibly globally spread business. with 240 destinations in 104 different countries, we are —— 95 airlines added exp, having a business which serves all four corners of the earth makes us incredibly resilient and despite what happens across the geopolitical scene and to the geopolitical scene and to the world economy, we find that there is some sort of counterbalance that normally happens. one region may suffer a little bit but others rebound very quickly. big growth markets at the moment are india, saudi arabia, the uk, traditionally very large markets for us, has been our top three for some considerable time. and i think the thing is, because we are slightly challenged with space, this is why the impetus to invest in technology is so strong and that enables us to continue to grow our customer base and allow more slots and more capacity for our airlines. before we go, i want to show you howjapan's before we go, i want to show you how japan's stock market is performing. this is how the nikkei 225 is trading stop at the first time ever it has breached now of the 40,000 mark. tech stocks are driving against today. it has hit levels not seen since the economy was in a bubble three decades ago. it is being held by a weak yen but also the ongoing artificial intelligence rally in us stocks. we can also look at how the s&p 500 and the nasdaq finished the day on friday and also hitting record highs as injapan. earnings seasonis highs as injapan. earnings season is also still under way and a couple of retailers are due to announce their low —— latest financial report card. us retail giant target is due to announce on friday and analysts are suspecting 2023 results to surpass pre—pandemic levels. mid week we will hear fromjb .com and see if levels. mid week we will hear from jb .com and see if that if it will continue to beat expectations —— jd it will continue to beat expectations ——jd .com. and on friday, broad, will be on the spotlight. analysts are exporting a year—on—year decline in earnings. i will be backin decline in earnings. i will be back in the next hour with more. bye—bye for now. bbc news was not bringing you different stories from across the uk. every step is going —— e bbc news. . the uk. every step is going -- e bbc news. .— e bbc news. . this was available, _ e bbc news. . this was available, in _ e bbc news. . this was available, in liminality,| e bbc news. . this was | available, in liminality, i neverturned available, in liminality, i never turned for something to do. , ., ., ., , never turned for something to do. ,., ., . never turned for something to do. ., . ., do. this area has so much to offer. do. this area has so much to offer- it _ do. this area has so much to offer- it is — do. this area has so much to offer. it is more _ do. this area has so much to offer. it is more than - do. this area has so much to offer. it is more than just - do. this area has so much to offer. it is more than just a l offer. it is more than just a landscape. to some it is a lifetime. i landscape. to some it is a lifetime-— lifetime. i had to socialise with other _ lifetime. i had to socialise with other people - lifetime. i had to socialise with other people who - lifetime. i had to socialise. with other people who have lifetime. i had to socialise - with other people who have gone through the same difficulties and over a ...— through the same difficulties and over a over a period of 20 years. _ and over a over a period of 20 years. this _ and over a over a period of 20 years, this man _ and over a over a period of 20 years, this man battled - and over a over a period of 20 years, this man battled his| 20 years, this man battled his addictions that destroyed his life. i addictions that destroyed his life. . , . addictions that destroyed his life. .,, ., , addictions that destroyed his life. ., , ., , life. i was a very lonely person. _ life. i was a very lonely person. i _ life. i was a very lonely person, i was - life. i was a very lonely person, i was broken. l life. i was a very lonelyj person, iwas broken. i life. i was a very lonely - person, iwas broken. i had ruined all my friendships and loved ones, all my relationships had gone downhill.— relationships had gone downhill. �* ., , ., downhill. after many solo walks, downhill. after many solo walks. he _ downhill. after many solo walks, he has _ downhill. after many solo walks, he has now- downhill. after many solo | walks, he has now created downhill. after many solo i walks, he has now created '5 walks, he has now created �*s note —— sober snowdonia, a group that is for people that have gone through similar challenges.— have gone through similar challenges. this is available to anyone — challenges. this is available to anyone if _ challenges. this is available to anyone if they _ challenges. this is available to anyone if they choose i challenges. this is available to anyone if they choose to | challenges. this is available l to anyone if they choose to do it but organised walks up the mountain and invite other people suffering with addiction or in recovery or even family members who have people struggling. for members who have people struggling-— members who have people struggling. for more stories from across _ struggling. for more stories from across the _ struggling. for more stories from across the uk, - struggling. for more stories from across the uk, head i struggling. for more stories from across the uk, head to struggling. for more stories i from across the uk, head to the bbc news website. a morning on the mersey. today's lesson — rowing. teamwork is the obvious big one but they learn respect, respect for their crewmates, respect for their crewmates, respect for their crewmates, respect for their teachers and the co— workers here and we also, they learn respect for nature and wildlife. ,. ., ., learn respect for nature and wildlife. ,. , wildlife. the school is perfectly _ wildlife. the school is perfectly placed, i wildlife. the school is i perfectly placed, standing wildlife. the school is - perfectly placed, standing on the bank of the river mersey. now, should we change over? richard co—founded the charity that makes this possible. {line that makes this possible. one ofthe that makes this possible. one of the byproducts _ that makes this possible. que: of the byproducts of what that makes this possible. (312 of the byproducts of what we did was that we wanted to smash this elitist image of the sport and to bring it back to the grassroots and to show the world that it doesn't, you don't have to be an oxbridge graduate to take part in a truly wonderful sport. i love doinu truly wonderful sport. i love doing rowing. _ truly wonderful sport. i love doing rowing, like, - truly wonderful sport. i love doing rowing, like, it- truly wonderful sport. i love doing rowing, like, it is- doing rowing, like, it is quite a fun— doing rowing, like, it is quite a fun sport _ doing rowing, like, it is quite a fun sport because i'm used to doing _ a fun sport because i'm used to doing basketball so doing rowing _ doing basketball so doing rowing is a big change for me but it— rowing is a big change for me but it is— rowing is a big change for me but it is really fun to do. i�*d but it is really fun to do. i'd love to do _ but it is really fun to do. i'd love to do it _ but it is really fun to do. i'd love to do it more in the future, _ love to do it more in the future, like, _ love to do it more in the future, like, i— love to do it more in the future, like, i really- love to do it more in the. future, like, i really enjoy love to do it more in the i future, like, i really enjoy it now — future, like, i really enjoy it now so— future, like, i really enjoy it now so it _ future, like, i really enjoy it now so it would _ future, like, i really enjoy it now so it would be - future, like, i really enjoy it now so it would be great i future, like, i really enjoy it now so it would be great to| future, like, i really enjoy it i now so it would be great to do it at _ now so it would be great to do it at some _ now so it would be great to do it at some point _ now so it would be great to do it at some point in _ now so it would be great to do it at some point in the - now so it would be great to do it at some point in the future, | it at some point in the future, yeah — it at some point in the future, eah. , ., it at some point in the future, eah. y., ., ., it at some point in the future, eah. ,, ., ., i. ., yeah. so you are glad you have had this opportunity? - yeah. so you are glad you have had this opportunity? yeah, i had this opportunity? yeah, absolutely. _ had this opportunity? yeah, absolutely. for _ had this opportunity? yeah, absolutely. for more - had this opportunity? yeah, | absolutely. for more stories from across _ absolutely. for more stories from across the _ absolutely. for more stories from across the uk, - absolutely. for more stories from across the uk, head i absolutely. for more stories from across the uk, head toj absolutely. for more stories i from across the uk, head to the bbc news website. hello and welcome to sportsday. i'm chetan pathak. coming up on the programme: fantastic phil foden scores twice in the manchester derby, as city edge closer to the top of the premier league. derby day delight too for bayer leverkusen. as xabi alonso's side go ten points clear at the top of the german bundesliga. and armand duplantis survives a scare, as he retains his world athletics indoor championships title in glasgow. welcome along, thank you forjoining us. it remains tight at the top of the english premier league. manchester city are back to within a point of the leaders liverpool, after coming from behind to win the manchester derby. phil foden scoring twice. he's now up to 18 goals this season. he turned the game around after marcus rashford had given united the lead. erling haaland wrapped up a 3—1 victory in stoppage time. the result means if city beat liverpool when both sides play at anfield next sunday, they'd go top. city manager pep guardiola wasn't eager to talk about the title race afterwards — but very happy to heap praise on his star striker foden: he is the best player right now in the premier league so for the amount of things he does, he is unbelievable.— the amount of things he does, he is unbelievable. there was a moment just — he is unbelievable. there was a moment just towards _ he is unbelievable. there was a moment just towards the i he is unbelievable. there was a moment just towards the end l momentjust towards the end when he raced down back towards the left and made a tackle, does that give you as much pleasure as the other stuff? i will be honest! the guy who doesn't do that, he is not allowed to stay in this team so you have this physicality because i think he loves to play football, he lives for football.

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