let's go live to mexico city for analysis. i'm joined by eduardo garcia — financialjournalist and founder of sentido comun. financialjournalist good financial journalist to have good financialjournalist to have you on the programme. good to have you on the programme-— good to have you on the programme. good to have you on the rouramme. ., ~ ,, , . programme. thank you very much. i am expecting _ programme. thank you very much. i am expecting that _ programme. thank you very much. i am expecting that to _ programme. thank you very much. i am expecting that to be - i am expecting that to be confirmed, that claudia sheinbaum is the new president of mexico? we sheinbaum is the new president of mexico?— of mexico? we will have to wait for an hour _ of mexico? we will have to wait for an hour or— of mexico? we will have to wait for an hour or so _ of mexico? we will have to wait for an hour or so for— of mexico? we will have to wait for an hour or so for the - for an hour or so for the electoral institute to give us their preliminary numbers and confirm what certain pollsters and media companies here in mexico i saying, that claudia sheinbaum will be elected. talk us through _ sheinbaum will be elected. talk us through how _ sheinbaum will be elected. talk us through how significant it is, to have a female president in mexico for the first time. it is historic. we knew we were going to have a woman president because of the two leading contenders where women so we were expecting this to happen. we didn't know who after the two would win but it seems like the ruling party candidate and the ruling party candidate and the favourite according to pollsters eventually will become the first female mexican president. . ., become the first female mexican president. , ., ., president. these two women, did the sa president. these two women, did they say much — president. these two women, did they say much about _ president. these two women, did they say much about their- they say much about their economic plans as part of their election campaign?— election campaign? well, yes. more than _ election campaign? well, yes. more than anything, _ election campaign? well, yes. more than anything, claudia . more than anything, claudia sheinbaum was a continuation candidate to put it in a broad manner. she will likely continue with the cash transfer programmes, looking up to the less well off in mexico, continuing with state policies where the government takes a greater role in the energy sector and other industries. a bit less friendly with private capital. we will have to wait if she deviates from that, or if she deviates from that, or if she deviates from that, or if she keeps the same mantra that we have seen over the past six years. xochitl galvez promised to go back to more market oriented friendly policies without dismantling the social programmes that have been created under the pasta presidency. so she was more of a right centre person and claudia sheinbaum is more at left centre on the economic front. ., . ., front. 0k. the violence and crime in — front. 0k. the violence and crime in mexico _ front. 0k. the violence and crime in mexico has - front. 0k. the violence and crime in mexico has a - front. 0k. the violence and crime in mexico has a huge | crime in mexico has a huge impact on economic development, economic growth. what have they said about that, how will they counter that?— counter that? well, both had very similar— counter that? well, both had very similar proposals - counter that? well, both had very similar proposals in - counter that? well, both had very similar proposals in the | very similar proposals in the sense of using greater intelligence, helping police forces in local communities to have a greater role in battling criminal gangs, use the national guard as the main tool. a slight difference, or maybe not so much slight, where claudia sheinbaum once the military to be much more involved and xochitl galvez will prevent the national guard to be under the influence of the army. she wanted, or she wants a civilian to run at the national guard, while claudia sheinbaum is in favour of a general or some military officer to be in charge. they more or less talk about using greater intelligence and intelligence in local areas to fight criminal organisations. we have run out of time, which is a shame but thank you for your analysis, is a shame but thank you for youranalysis, eduardo is a shame but thank you for your analysis, eduardo garcia. we will speak to you again soon, thank you.— we will speak to you again soon, thank you. thank you, have a good _ soon, thank you. thank you, have a good day. _ now, let's talk about latest buzz in artificial intelligence. in a surprise move, nvidia has announced the next generation of its ai processors. the chip giant's boss jensen huang laid out the company's latest road map for artificial intelligence chips at the computex conference in taipei. he promises these chips will unlock a hundred trillion dollars' worth of opportunities in the manufacturing, health care and computing industries. your future laptop, your future pc will become an ai. it'll be constantly helping you, assisting you in the background. the pc will also run applications that are enhanced by ai. of course, all your photo editing and your writing and your tools — all the things that you use — will all be enhanced by ai. and your pc will also host applications with digital humans that are ais. mr huang informally kicked off the computex technology expo in taiwan on sunday. the event is also being attended by bosses of other large chip—makers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. here's industry expert bob o'donnell. this is the most exciting computex show in a very long time. i mean, it's the first time i've been back in almost 15 years because i feel it's such a big deal. and forjensen, you know, he's the rock star, and he literally — he's on a stadium tour. all his last speeches have been in stadiums, like a rock star. and, you know, there was a lot of excitement there, and he tells — he's got the big vision story to tell because he is indeed the figurehead leading the industry at this point. you know, and his idea is, look, companies are now starting to leverage ai across all kinds of applications, and there's enormous opportunities. now, you know, he acknowledges — because his favourite line is the more you buy, "the more you save". he goes, "that's ceo math, which means it's correct, but it's not always accurate." meaning that's the gist of the story that he's trying to tell. because it is a huge investment — and that's the big question mark that people have. right now, people are spending a lot of money and the question is, when do we start to see some of that payback, and how does that work out? whatjensen was describing, i think absolutely is going to happen — the question is the pace at which it happens. and, again — as you started to hint at — what about these other competitors and how do they impact nvidia themselves? lots more about that on our website. let's get some of the day's other news now. chinese fast fashion giant shein is expected to confidentially file for a listing in london, according to media reports. the move, which was first reported by sky news, could take place in the coming days. the company is turning to the uk after facing opposition from lawmakers over plans to list in the united states, because of its ties to china. shein had yet to respond to a bbc request for comment. ticketmaster owner live nation confirmed "unauthorised activity" on its database after a group of hackers said they had stolen the personal details of 560 million customers. shinyhunters, the group claiming responsibility, says the stolen data includes names, addresses, phone numbers and partial credit—card details from ticketmaster users worldwide. the number of customers affected by the data breach has not been confirmed by live nation. the government of the maldives has announced it is to ban israeli citizens from the indian ocean island archipelago, in turn prompting a warning from israel's foreign ministry that its citizens should avoid the country. about 11,000 israelis visited the maldives last year — which is less than i% of all tourist arrivals. now, let's turn to the oil business — the price of the black stuff has edged higher on the news that the 0pec+ cartel has agreed to extend most of its production cuts until 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. so what does this mean for oil supply going forward — prices and inflation? jane foley has been looking into this for us — head of fx strategy at rabobank. good morning to you. this, to a great degree, was expected, wasn't it? to great degree, was expected, wasn't it?— great degree, was expected, wasn't it? ., ., ., wasn't it? to a great degree it wasn't it? to a great degree it was but we — wasn't it? to a great degree it was but we have _ wasn't it? to a great degree it was but we have to _ wasn't it? to a great degree it was but we have to bear - wasn't it? to a great degree it was but we have to bear in - wasn't it? to a great degree it l was but we have to bear in mind that there are three sets of production cuts and one of these, which is one of the voluntary reduction cuts, will actually be phased out from october this year. that was a surprise to many, who thought all three sets of production cuts would be phased out. but saudi did make it clear that whether or not they would actually go ahead and allow this oil supply to come back from october, very much depended on market conditions, and the saudi producers, the other 0pec+ producers, will be looking at supply from elsewhere, the us and canada particularly, also demand for oil, how it changes over the next few months will stop should we be concerned about this should we be concerned about thi ., , . ., , ., this and the effect it has on rices this and the effect it has on prices and _ this and the effect it has on prices and inflation? - this and the effect it has on i prices and inflation? probably not 'ust prices and inflation? probably notiust yet- _ prices and inflation? probably not just yet. if _ prices and inflation? probably not just yet. if we _ prices and inflation? probably not just yet. if we look - prices and inflation? probably not just yet. if we look over i notjust yet. if we look over the last month or so, there was a bit of volatility created in the oil price because of the 0pec agreement yesterday but it is trading around the lowest level for a month, around $81 per barrel. there had been this year more volatility in oil but we have to remember, even though there are of course political difficulties, conflict in the middle east, oil supply has not been affected by that, which of course is pretty encouraging but there is also a lot of supply coming from the canada sand right now, a lot of supply coming from the us, as well. global demand is relatively contained, chinese demand particularly is pretty weak. and that is what 0pec will be measuring up over the summer, does chinese demand increase? and also do us interest rates in particular become to come down? because that will stimulate demand, as well. qm. stimulate demand, as well. 0k, thank you _ stimulate demand, as well. 0k, thank you very _ stimulate demand, as well. 0k, thank you very much _ stimulate demand, as well. 0k, thank you very much indeed. we will see you soon. jane foley, head of foreign exchange strategy at rabobank. around the world and across the uk, this is bbc news. hello. this is business today. the global shipping industry is critical to world this week the industry is meeting in athens, greece for the posidonia shipping exhibition. it comes at a time of challenges for the industry with geopolitical challenges causing temporary closures of the red sea passage and constraints on the panama canal making the industry adapt. and of course this is hot on the heels of a global pandemic, which had a huge impact on global shipping. ships produce around 3% of global c02, but countries will now have to reduce this as close as possible to zero by the middle of the century. the global shipping industry lastjuly agreed to reduce planet warming gases to net—zero "by or around 2050". the sustainability demands have driven industry developments which are expected to be discussed at the exhibition. there is an awful lot on the agenda. live now to ulrik sanders, global lead for shipping at bcg. you are in athens, i am assuming you will be at the event. ~ , ,., , assuming you will be at the event. ~ ,,., , ., assuming you will be at the event. ~ , , ., event. absolutely, i am calling from sunny _ event. absolutely, i am calling from sunny athens. _ event. absolutely, i am calling from sunny athens. do - event. absolutely, i am calling from sunny athens. do you - from sunny athens. do you think, top _ from sunny athens. do you think, top of— from sunny athens. do you think, top of the _ from sunny athens. do you think, top of the agenda, l from sunny athens. do you think, top of the agenda, i | think, top of the agenda, i have outlined some of the key issues, is the disruption that has been causing real problems for shipping in the last couple of years? for shipping in the last couple of ears? ., ~' ., for shipping in the last couple of ears? ., ~ ., ., of years? you know, we are seeing--- — of years? you know, we are seeing... shipping - of years? you know, we are seeing... shipping is - of years? you know, we are seeing... shipping is to - of years? you know, we are seeing... shipping is to be l of years? you know, we are| seeing... shipping is to be a very resilient conservative industry but the last many years, started by covid, has seen a lot of disruption and i'm sure this will be the topic will be discussing. the global trade will certainly change. in terms of the impact on global trade, can you tell us what it has been, certainly for the closure or the partial closure of the red sea and also what is happening with the panama canal. ., ., happening with the panama canal. . ., ,., , canal. there are a equipoise has 6096 _ canal. there are a equipoise has 6096 of— canal. there are a equipoise has 6096 of the _ canal. there are a equipoise has 6096 of the global - canal. there are a equipoise has 6096 of the global trade | canal. there are a equipoise - has 6096 of the global trade and has 60% of the global trade and they will massively change due to political tensions, due to the red sea crisis. it means that the ship needs to travel a lot further to get to the destination, which has severe impact on the total capacity at sea. ., impact on the total capacity at sea. . ., ., ., ., sea. 0k, we are aware of that, but i wanted — sea. 0k, we are aware of that, but i wanted to _ sea. 0k, we are aware of that, but i wanted to have _ sea. 0k, we are aware of that, but i wanted to have a - sea. 0k, we are aware of that, but i wanted to have a sense . sea. 0k, we are aware of that, | but i wanted to have a sense of if you had any quantifiable data on the impact this has had on a global trade. we know it is taking a lot longer, it is more expensive. can we put some figures on that? we more expensive. can we put some figures on that?— figures on that? we can indeed and we have — figures on that? we can indeed and we have developed - figures on that? we can indeed and we have developed four . and we have developed four different scenarios on what it will actually mean. the travel time will get longer, which will have a direct impact of course also on the cost, and we expect that the cost will go up by somewhere between 30% to 50% and will sustain at that level for quite some time until the crisis is resolved.— crisis is resolved. let's talk about shipping's _ crisis is resolved. let's talk about shipping's journey i crisis is resolved. let's talk about shipping's journey to j crisis is resolved. let's talk i about shipping's journey to a net zero, another big subject on the agenda at this event. what can you tell us about that? ., , , ,., that? there has been something that? there has been something that has been _ that? there has been something that has been unfolding - that? there has been something that has been unfolding for- that has been unfolding for years. we are seeing the first pilot tests running, but the biggest problem we have is twofold. 0ne biggest problem we have is twofold. one is getting scale and the other is having this at and the other is having this at a cost level which will not be too expensive to ship stuff around the world. to too expensive to ship stuff around the world.- around the world. to what extent is _ around the world. to what extent is this _ around the world. to what extent is this about - extent is this about collaboration between notjust collaboration between not just the collaboration between notjust the industry and government, but also specific shipping companies question that the biggest players in the game, to what extent are they pioneering and bleeding on this? you what extent are they pioneering and bleeding on this?— and bleeding on this? you can look at companies _ and bleeding on this? you can look at companies like - and bleeding on this? you canl look at companies like maersk, others, they are forming alliances, talking to each other a lot because this is a big problem and collaboration can solve it, but it extends further. it also goes straight into the oil industry, the gas industry. make sure they have supplies scaled.— supplies scaled. 0k, interesting, - supplies scaled. 0k, interesting, thank i supplies scaled. ok, | interesting, thank you supplies scaled. 0k, - interesting, thank you for joining us. ulrik sanders, global lead for shipping at bcg, thank you. the prime minister of lithuania has told the bbc that the country faced "coercion" from china after allowing taiwan to open a de facto embassy. lithuania has deepened ties with taiwan in recent years, including in the semiconductor space, where taiwan is helping lithuania develop its chip manufacturing industry. my colleague steve lai spoke to prime minister ingrida simonyte when she visited singapore recently. she told him how lithuania responded to beijing, and where relations stand with the world's second the best answer was to...first and foremost, to look for our partnerships, for our businesses — and i think this goes well — and then also to speak about this on an international level from eu to wto. now there is an anti—corruption mechanism that has been elaborated at european level, and i think european policy, eu policy vis—a—vis china is becoming much more coherent than it was. tariffs that the us has imposed on china when it comes to ev and chips and tech — do you see that having any impact on what it is you're trying to do? the world is shifting to a:..to a reality to a...to a reality that is quite different from what we were believing some 20 or 30 years ago, when there was a very strong belief of reduction of tariffs, globalisation, international trade. and, yes, in theory — or by david ricardo, we all know that this makes everybody richer. but what is less pleasant in this equation is that it works, ithink, only when countries are on the same ground when it comes to democracy, human rights, independent courts, freedom of speech, free elections — and so that you more or less know what to expect from the other, because the other is quite similar to you. take russia's export of gas to european union. it was a...i would say, a plan to have the region basically hooked on energy supplies. and then, at the worst point, it becomes a problem like it was in 2022 when the taps were being closed, and there was a huge challenge for europe. shall we blink and say we give up and, we don't care about ukraine any more? 0r shall we rearrange our energy supplies at a very high cost? so we need to be mindful that not all the countries are like—minded, and unfortunately we need to arrange our relations so that we take into account the security challenges, because they might be striking us at a very bad moment. and as being sort of the smaller country in that, with these much bigger powers, how do you navigate that? for us, for democracies, it's important to become resilient. it doesn't mean that we will not trade, it doesn't mean that we will not have interaction. but it means that we should be also resilient in those processes — not taking too—high risks that might become our problem, where we will have to make choices that we do not want to make. the prime minister of lithuania there. amateur astronomers will be turning their attention to the skies. mercury, mars, jupiter, saturn, uranus and neptune are lining up for the celestial event known as the six—planet parade. depending on where you are in the world, you could see all the planets, but if you want to get a closer look then it's time to pull out your telescopes and binoculars. this is not the only event of this kind that has hit the headlines. this year has also seen a solar eclipse and rare sightings of the northern lights over the uk. how do these events affect the sales of astronomy gear? someone who knows about the business of stargazing is neil hawkins — owner of the tring astronomy centre. good morning. good morning. are ou good morning. good morning. are you excited. _ good morning. good morning. are you excited, ready _ good morning. good morning. are you excited, ready and _ good morning. good morning. are you excited, ready and poised - you excited, ready and poised to capture this event?- to capture this event? yeah, absolutely- _ to capture this event? yeah, absolutely. we _ to capture this event? yeah, absolutely. we are - to capture this event? yeah, absolutely. we are always i absolutely. we are always ready. there are thousands of astronomers regularly looking up astronomers regularly looking up at the skies, and every time we get events like this we see extra people coming into the showroom, so always excited and ready. showroom, so always excited and read . . . ., showroom, so always excited and read . , , . ., ready. the six planet parade, how often _ ready. the six planet parade, how often does _ ready. the six planet parade, how often does this - ready. the six planet parade, how often does this happen? | how often does this happen? events like this are not completely unique. for example, we have another one around august this year, another one january next year, february next year, so they do come around. so, yeah, an exciting time. �* ., time. but with the solar ecfi-se time. but with the solar eclipse i— time. but with the solar eclipse i have _ time. but with the solar l eclipse i have mentioned, time. but with the solar - eclipse i have mentioned, and the northern lights... i mean, i saw that in buckinghamshire, which was amazing. has it been a busier yearfor you, are you seeing sales boom at this time? yes, absolutely. the northern lights was amazing. 0f yes, absolutely. the northern lights was amazing. of course, northern lights i think you can see quite regularly in certain parts of the world, especially iceland and places like that, and even the north of the uk. but what was very unusual is the fact that it was so countrywide for us and that hit the headlines. you could see all of those pictures over social media and, of course, the day after, people were out all over the country, so people get excited, phones started ringing, people started coming in the showroom. so it was spectacular. in the showroom. so it was spectacular-— in the showroom. so it was spectacular. for many, it is a passion. _ spectacular. for many, it is a passion, hobby _ spectacular. for many, it is a passion, hobby they - spectacular. for many, it is a passion, hobby they have - spectacular. for many, it is a| passion, hobby they have had for many, many years. are finding you are getting new keeny beanies who want to keep track of all these going forward?— track of all these going forward? ~ , , forward? absolutely, people cominu forward? absolutely, people coming are _ forward? absolutely, people coming are curious. - forward? absolutely, people coming are curious. a - forward? absolutely, people coming are curious. a lot - forward? absolutely, people coming are curious. a lot of| coming are curious. a lot of people go out in their back garden and look up and can see things. add a pair of binoculars and you can see so much more. you see things you cannot see with your eyes. add a telescope, you can see details that you just cannot see. but beyond that, there are even fainter things that you cannot say unless you had a camera, and there are new products now that simplify the process of taking photos of the sky, and these new products are just opening up the sky to a new market, and that is just exploding out. new market, and that is 'ust exploding outi exploding out. just quickly, before we _ exploding out. just quickly, before we let _ exploding out. just quickly, before we let you _ exploding out. just quickly, before we let you go, - exploding out. just quickly, before we let you go, this | exploding out. just quickly, i before we let you go, this six planet parade, this event we are talking about today. when is it happening, when can people get in position to see it if possible? it people get in position to see it if possible?— it if possible? it started this morning- — it if possible? it started this morning- to _ it if possible? it started this morning. to 3am, _ it if possible? it started this morning. to 3am, and - it if possible? it started this morning. to 3am, and just l it if possible? it started this - morning. to 3am, and just keep looking up all of this week and you will see it. 50 looking up all of this week and you will see it.— you will see it. so it is throughout _ you will see it. so it is throughout the - you will see it. so it is| throughout the week?! brilliant! thank you. lovely to talk to you. we will let you get on with your day. neil hawkinsjoining us from get on with your day. neil hawkins joining us from the tring astronomy centre. let's quickly hawkins joining us from the tring astronomy centre. let's quickly look hawkins joining us from the tring astronomy centre. let's quickly look at hawkins joining us from the tring astronomy centre. let's quickly look at the hawkins joining us from the tring astronomy centre. let's quickly look at the financial markets. interesting that oil price has come down a bit now, as you can see. it was a bit of as you can see. it was a bit of a spike in reaction to the 0pec plus announcement that came on sunday. the price of oil edged up sunday. the price of oil edged up for brent crude and us oil, as well. as you can see, markets in asia are fairly strong and robust. that is all for the financial markets. that is all from business today. also the news earlier. if you are watching on bbc one, you canjoin bbc breakfast are watching on bbc one, you can join bbc breakfast at the top of the hour. 0utside can join bbc breakfast at the top of the hour. outside of the uk, iwilljoin top of the hour. outside of the uk, i willjoin you again at the top of the hour. stay with us here on bbc news. plenty more on our website, as well. i will see you soon. hello there. we saw some pretty decent weather over the weekend. saturday, scotland, northern ireland saw the warmth and the sunshine. it was england and wales on sunday which saw temperatures reach 26 celsius in a few locations. this upcoming week, though, will be rather disappointing for many. it'll turn a lot cooler for earlyjune — sunshine and showers, and nights will become chilly. gardeners and growers, do beware, could see a touch of frost at night from tuesday onwards. now, this area of high pressure, which brought the fine weather at the weekend, just retreating back out towards the atlantic, allowing some weather fronts to start to work their way down from the north. one such weather front will bring quite a bit of cloud across the country through the day — holes appearing in it, some sunny spells here and there, spots of rain over some western hills. best of the sunshine across northern scotland, but there'll be maybe a few showers across the north. quite blustery here, and turning cool already — but top temperatures, 19—20 celsius in the warmest spots elsewhere. as we move through monday night, we see the cloud coming and going, there will be some clearer spells. a few spots of rain just pushing into the northwest of the country — that's a sign of things to come. and most places will be fairly mild. but it's all change tuesday onwards, these cold fronts will bring outbreaks of heavy rain, some heavy showers — and behind it, that colder arctic air spills its way southwards across the whole country through tuesday and wednesday, and hangs around for the rest of the week. so we could see some heavy, maybe thundery showers across the northern half of the uk. some wintriness over the high ground, some hail mixed in, a few showers getting into england and wales, and it'll also be quite blustery. there will be sunshine in between, but it's a much cooler air mass — the low—to—mid—teens in the north, could just make 19—20 celsius in the warmest spots across the southeast. a bit cooler still for all areas on wednesday. further showers across the northern half of the country, the odd one just getting into the midlands and perhaps eastern england. but tending to stay dry here — top temperatures 17—18 celsius. 10—14 celsius across the north of the country with these heavy showers, which will be blustery at times. little change as we head into thursday and friday. that area of low pressure sits to the north of the uk, feeding in this cool northwesterly breeze with plenty of showers, mainly to the northern half of the country. and that's how it looks to end the week, and indeed, into next weekend, where it will remain quite cool. further showers here, best of any dry and bright weather will be towards the south. but pretty disappointing temperatures for the time of year. good morning, welcome to breakfast with sarah campbell and jon kay. 0ur headlines today. the toughest and bravest man i've ever met. kevin sinfield leads tributes to rugby league legend rob burrow, who's died aged iii. he was part of the golden generation at leeds rhinos winning title after title for his club. after being diagnosed with motor neurone disease in 2019, he became a prominent campaigner for more funding and research into the condition. we are at headingley throughout the programme, it is the home of leeds rhinos, the club that rob played for 400 times. he loved this club and they certainly loved him. week two of the general election campaign begins with the conservatives pledging to end what they call the confusion over biological sex. making signs and making

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