pressure as well. the main problem is that the company has nearly £14 billion of debt, so it has a substantial interest bill to pay every year. that interest bill is currently going up because interest rates are going up. some interest rate payments are related to inflation, which is very high. at the same time, it s having to spend over £1 billion a year in infrastructure, water mains, stopping leakage and there s a regulatory review coming up in a few years which may mean it will have to invest even more. thames water needs to raise money from somewhere but if it can t get it, the government is looking at options. we need to make sure thames water as an entity survives. there s a lot of work the government is doing on resolving sewage. up until now, the regulator has been focused on keeping consumer bills down but there is a lot of infrastructure work that needs to take place and we need that entity to survive. in a statement, thames water says it s working constructively
a large scale cyber attack that started in ukraine is continuing its spread across the globe. the virus freezes computers and demands that a ransom is paid. a danish shipping group, a russian oil giant, an american pharmaceutical company and a british advertising firm are among the big companies that have been hit. this might all sound familiar, because a similar attack targeted the uk s national health service last month. our security correspondent, gordon corera, has been monitoring the developments. a cyber attack is sweeping across the globe, taking systems off line. another reminder of the risks we face in our connected world. the first signs came in ukraine. systems went down this morning. some people tried to take money out of bank machines, found they couldn t. even the radiation monitoring system at the chernobyl nuclear plant was briefly taken offline. the scale was enormous. we had the virus spread, cyber virus on the transport, bank, media, infrastructure of ukrai
the virus freezes computers and demands that a ransom is paid. a danish shipping group, a russian oil giant, an american pharmaceutical company, and a british advertising firm are just among some of the big companies that have been hit. this might all sound familiar, because a similar attack targeted the uk s national health service, just last month. our security correspondent, gordon corera, has been monitoring all of the developments. a cyber attack is sweeping across the globe, taking systems off line. another reminder of the risks we face in our connected world. the first signs came in ukraine. systems went down this morning. some people tried to take money out of bank machines, found they couldn t. even the radiation monitoring system at the chernobyl nuclear plant was briefly taken offline. the scale was enormous. we had the virus spread, cyber virus on the transport, bank, media, infrastructure of ukraine, in government and in the co operative sectors as well. but duri
a danish shipping group, a russian oil giant, an american pharmaceutical company and a british advertising firm are among the big companies that have been hit. this might all sound familiar, because a similar attack targeted the uk s national health service, last month. our security correspondent, gordon corera, has been monitoring the developments. a cyber attack is sweeping across the globe, taking systems off line. another reminder of the risks we face in our connected world. the first signs came in ukraine. systems went down this morning. some people tried to take money out of bank machines, found they couldn t. even the radiation monitoring system at the chernobyl nuclear plant was briefly taken offline. the scale was enormous. we had the virus spread, cyber virus on the transport, bank, media, infrastructure of ukraine, in government and in the co operative sectors as well. but during the day, it became clear that the problem was not contained in ukraine but was spreadi
ministers brace for talks with us trade officials as president trump tells car makers they must build more vehicles in america. a warning from lego that more must be done in china to stop counterfeiters as its own master builder struggles to tell a fake brick from a real one. welcome to world business report. japan enjoying lower or ill prices with a trade surplus for six years. mexico s economy & foreign ministers are due to meet top us officials later today as they brace for the renegotiation of nafta the north american free trade agreement. president trump is pushing to bring more manufacturing jobs back to the us. he s already met with the heads of ford, general motors and fiat chrysler telling them they must make more of their cars in america. the us is a key market for mexico. taking a look at this graph you can see its exports to the us have surged since nafta came into force in 1994. mexico now sells more than $270 billion worth of goods to the us every year. it