this is bbc news with the latest business headlines for viewers in the uk and around the world. the eurozone�*s biggest economy — germany — looks set to extend its lockdown. we'll live to frankfurt for the latest. the world's biggest oil company — saudi aramco — announces a sharp fall in profits as global lockdowns hit its bottom line. and turning the taps on! it's world water day, which highlights over 2 billion people still don't have access to clean water. we take a look at some of the challanges that still remain. let's start with germany,

where chancellor angela merkel is due to meet with leaders of germany's 16 states to discuss whether to extend a lockdown that has been in place since december. a sluggish vaccine programme, hampered by a shortage of supplies, has already been far slower than expected. so far around 8.5% of germany's population has had a first injection. and the number of cases is rising. according to the robert koch institute, the figure of confirmed cases has now risen above 2.5 million across the country. this raises the prospect of europe's largest economy going back into lockdown in the coming weeks. joining me now from frankfurt is christian schulz, who's an economist at citi. lovely to see you.

what do we expect to happen in germany over the coming weeks? what will angela merkel and the regional leaders decide? we alread regional leaders decide? - already have the document that the federal government is going to use in the actual meeting. it calls for an extension of the lockdown until 18th april and calls for new thresholds in terms of the incidence of new cases where new lockdown measures would happen such as closing schools, for instance, restricting travel, and even curfews, which we haven't had in germany since the start of the pandemic, but we also know that the federal government goes on with maximalist demands and then the states water them down according to the incidence they have because some have far fewer than others so it gets watered down a little bit but the extension is pretty certain. the extension is pretty certain-— the extension is pretty certain. ., , ., certain. so an extension until the middle — certain. so an extension until the middle of _ certain. so an extension until the middle of april. - certain. so an extension until the middle of april. what -

the middle of april. what economic impact will this have? we have experience now, we had lockdown in spring and then the winter and each time it had a big impact on especially consumer activity. shopping of consumer activity. shopping of consumer goods fell by 10% in the start of this year when we had the second lockdown, so it does have a big impact on the economy but what we see in germany as well as other economies is that people adjust. maybe the impact isn't quite as large any more because people use online shopping, they use online services, they don't spend money on travel but they spend it on other things, and a big difference for germany now is that manufacturing, the backbone of the economy is not as affected as last year. manufacturing seems to be doing really well, study and practice more than it was but still very significant. what is the outlook this year

for germany, europe's biggest economy?— economy? the first half of the earto economy? the first half of the year to forget. _ economy? the first half of the year to forget, especially - economy? the first half of the | year to forget, especially when you compare with the optimism when the vaccination programme started, so the first half of the year really will be marked by continuing lockdown is. the second half of the year should be better and we also expect the government will provide some new tax cuts to support demand like in other countries so we have a bit of a boost in the second half of the year and then the economy should recover. then the economy should recover-— then the economy should recover. ., ., ~ ., recover. good to talk to you, thanks for — recover. good to talk to you, thanks for talking _ recover. good to talk to you, thanks for talking to - recover. good to talk to you, thanks for talking to us. - let's see how the asian markets are faring today. it is hard for investors to know what to do when it comes to the movement of money. the week has begun in asia and it is a mixed picture, japan down by some 2%. a story that has been escalating overnight is

the fall in the value of the turkish lira, the turkish currency. we will talk about that more later in the show and that more later in the show and thatis that more later in the show and that is why japan is feeling the pain because the japanese currency is seen as a safe haven and as people pile in, japanese exports are more expensive, and that therefore pulls down the stock market in tokyo. we will mention the turkish lira a little later and mention why that is falling quite significantly. elon musk, the chief executive of tesla, says his firm would be "shut down" if its vehicles were used for spying on china. his comments came in response to reports that china's military had banned tesla cars from its facilities. joining me now is mariko oi from singapore. hello to you. as ever, elon musk making the headlines. it

feels like he and the company have been caught up in that us— china trade tensions we have been talking about for many years. of course we saw those very tense meetings. first, the high—profile meeting between the us and chinese officials under the biden administration over the weekend that showed attention will remain high under the new administration, and tesla has really caught up in it. they are the cars were accused of spying on china with beijing in the military raising security concerns about the data collected by cameras installed in the cars. china is tesla's biggest market after the us so elon musk will try to downplay those concerns, but of course the data is a very sensitive area. we know how donald trump was threatening to ban the chinese owned video platform tick—tock voicing concerns that user data could also be handed over to the

chinese government. analysts say the us government doesn't have as much power to pressure private companies as the chinese communist party does, but i think it is fair to say that they keep talking about many more companies caught up in this tit—for—tat trading work. in this tit-for-tat trading work. ~ work. we will indeed, it will cive as work. we will indeed, it will give as many _ work. we will indeed, it will give as many stories. - work. we will indeed, it will give as many stories. thankj work. we will indeed, it will. give as many stories. thank you for now. the world's biggest oil firm — saudi aramco — has announced its profits fell by 45% due to global lockdowns lowering the demand for crude. however, aramco still made a profit of 49 billion dollars and said shareholders would receive a substantial dividend. joining me now from dubai is our middle east business correspondent, sameer hashmi. nice to see you. so you have been crunching the numbers, tell us more.— been crunching the numbers, tell us more. that is right, as ou tell us more. that is right, as you mentioned _ tell us more. that is right, as

you mentioned the _ tell us more. that is right, as you mentioned the profits - tell us more. that is right, as| you mentioned the profits fail, registered about $49 billion of profit for 2020, not a big surprise given that last year you so many parts of the world shutting down and that led to demand falling. but what is interesting is that the company will still be out $75 billion dividend announced at the time of the ipo. under usual circumstances, this would be quite surprising that the company is giving out such a huge dividend after such a weak performance. in the case of aramco much of that money is going to the saudi government which owns most of the company. and for the saudi arabia government this money is really crucial because they use the bulk of this money to fund or feel their public expenditure. the second interesting aspect as they have cut down their capital expenditure for this year to $35 billion. down by about 5— $10 billion from the estimate earlier. but positive

news as well. the chief executive has said in a statement that the company are seeing demand picking up especially in asia where aramco has some of its biggest customers like china, india, japan. 70% of its supplies go to asia so that is positive news, and later today there will be a press conference where i think everyone will keep a close watch on what do they expect as far as demand goes for the rest of the year, and also there will be on oil prices, above the $60 mark right now. but given they have cut down capital expenditure, many analysts feel that even they don't believe that would remain at this level for a long time. ~ , ., remain at this level for a long time. , . ., . , time. we shall watch this s - ace, time. we shall watch this space, thank _ time. we shall watch this space, thank you. - let's get some of the day's other news turkey's currency has tumbled as much as 14% after president recep tayyip erdogan sacked the country's central bank governor over the weekend. naci agbal had been credited as a key force in pulling the lira back from historic lows. erdogan replaced him in a surprise move on saturday, the third central bank governor

exit in under two years. australian casino operator crown resorts has received a 6.2 billion dollar takeover offer from us private equity giant blackstone. the offer sent crown resorts shares 19% higher, and comes after the firm recently reported a slump in revenues due to the pandemic. let's now turn to the uk, where venues such as bars and nightclubs may not be able to re—open as planned if they cannot find enough bouncers to supervise them, that's the warning from the uk door security association. they say that many security staff have moved into other work after a year of closure. joining me now is fiona cincotta from city index. good morning to you. i'm

guessing this will be notjust a problem for nightclubs, there will be many sectors where people have just found other work so there is a shortage of staff? , , , ., ., , staff? yes, this is a really aood staff? yes, this is a really good point- _ staff? yes, this is a really good point. these - staff? yes, this is a reallyj good point. these places, staff? yes, this is a really - good point. these places, they are thinking about they are going to have staff shortages have been closed for a good part of a year, so understandably people will have looked at other areas in order to gain employment, they will have moved industries, and to industries that are perhaps more thriving at this point in time, and so this will be a big problem and we highlight your bars and restaurants because there are particular rules that exist as far as staffing is concerned in security staffing is concerned in order to hold a licence. so there's a good chance that after this very long period of being closed, these bars and restaurants are very desperate to get going again, to be able to throw open

those doors and get serving, and itjust might not be able to happen. and that will have a wider effect on the economy because people thinking they are going back tojobs may not be able to. we are going back to 'obs may not be able uh are going back to 'obs may not be able eh be able to. we have seen in this pandemic _ be able to. we have seen in this pandemic many - be able to. we have seen in this pandemic many foreign j this pandemic many foreign workers leave the uk, so there is a lot of concern about other industries as well that could be impacted by this. that industries as well that could be impacted by this.- be impacted by this. that is ri . ht. be impacted by this. that is right- this _ be impacted by this. that is right. this is _ be impacted by this. that is right. this is going - be impacted by this. that is right. this is going to - be impacted by this. that is right. this is going to be . be impacted by this. that is right. this is going to be a i right. this is going to be a real mixture of people leaving the uk, of people moving industries, it is going to be really interesting to see how when the economy is opening up how everything actually settles. �* , settles. and very quickly, elsewhere _ settles. and very quickly, elsewhere we _ settles. and very quickly, elsewhere we are - settles. and very quickly, elsewhere we are hearing restrictions for overseas holidays being extended. this is going to be a huge blow for airlines again.— airlines again. that is right, 'ust at airlines again. that is right, just at a _ airlines again. that is right, just at a time _ airlines again. that is right, just at a time when - airlines again. that is right, just at a time when we - airlines again. that is right, . just at a time when we thought things were starting to improve and we had some of the strong vaccine rolled out, the idea of the economy reopening and dates in place. everything seemed to

be going a bit too well so it was really devastating news for the airline, and we expect we could see that when the stock markets reopen. share prices and the airlines have done extremely well just in and the airlines have done extremely welljust in the start of this year, on the back of that optimism. let's remember, there is still a good deal down from where they were pre—pandemic so there is still a very long way to go. pre-pandemic so there is still a very long way to go. thanks, fiona, a very long way to go. thanks, fiona. good — a very long way to go. thanks, fiona, good to _ a very long way to go. thanks, fiona, good to see _ a very long way to go. thanks, fiona, good to see you. - stay with us on bbc news, still to come: we'll be hearing from the boss of porsche, on how is his firm has accelerated its revenues during the pandemic. (tx breakfiller)

this is bbc world news, the latest headlines. one of the world's leading infectious disease experts says, two million covid deaths

could have been avoided, if govenmments had been better prepared. there have been violent scenes at a protest in bristol, which saw a police station attacked and two officers suffer broken bones. computer chips are at the heart of all the digital products that surround us — and notjust phones, cars as well. and when supplies run short, it can cause disruption in manufacturing and in turn the economy. there are growing fears market shortages could slow economic recovery after coronavirus. eu, us and chinese governments are all seeking to boost production. emily taylor is chief executive of oxford information labs. good morning, lovely to see you. we had a few stories last week, honda halting production, various companiesjust week, honda halting production, various companies just for a couple of days because of a lack of chips. that is one of

the reasons cited. is this all down to the pandemic? it is lartl down to the pandemic? it is partly the — down to the pandemic? it is partly the pandemic - down to the pandemic? it 3 partly the pandemic because the pandemic has altered our buying patterns buying more consumer electronics and fewer cars but there are other factors. there was a very cold snap in texas, possibly climate change, and that halted production in a number of facilities and some have not yet restarted. it also as you have been hearing in your earlier stories, there is an impact from the us— china trade war, so there is a confluence of factors that have all come together at the wrong time. �* ., , ., all come together at the wrong time. �* ., ., , time. and also it has really highlighted _ time. and also it has really highlighted all— time. and also it has really highlighted all our- time. and also it has really - highlighted all our dependence on these chips because they pretty much power so many things that we use and we find vital to our day—to—day life. absolutely. everything is smart these days, and so if you don't have access to those semiconductor chips you don't have a product. it is amazing

to think how huge a car is in comparison to how tiny those are basic transistors are, and yet car production cannot go forward unless there is access to chips. at the moment it is also affecting the gaming industry, but one can imagine that if it goes on it could also go into other sectors as well. we are using smart devices and more and more. so chips going into everything and if there is a shortage of chips there is a shortage of everything. there is a shortage of everything-— there is a shortage of eve hinl. �* ., , ., everything. and governments are thinkinl everything. and governments are thinking long _ everything. and governments are thinking long and _ everything. and governments are thinking long and about - everything. and governments are thinking long and about this. - thinking long and about this. we are seeing china and other key economies saying we have to produce these things ourselves and have control of this.- and have control of this. yes, the shoply — and have control of this. yes, the supply chain _ and have control of this. yes, the supply chain is _ and have control of this. yes, the supply chain is really - the supply chain is really complex and the recent tensions between china and the us have been a light bulb moment for many states. the sanctions affecting semiconductors where what finally did for huawei's

prospects in the uk, but it was a moment when china thought, we need to make sure we have all the capability domestically. but these supply chains are very difficult and it is extremely complex and difficult to make semiconductors and in one accenture report it said the chips cross 70 country borders in the process, so it is easier said than done. fiend is easier said than done. and very briefly. _ is easier said than done. and very briefly. a _ is easier said than done. and very briefly, a positive coming out of this is the fact we will hold onto their devices for longer and would become such a throwaway society, you hope? 0ne throwaway society, you hope? one can hope, but it is more than these throwaway gadgets that could be affected but that is one solution. it that could be affected but that is one solution.— is one solution. it is indeed, thanks for— is one solution. it is indeed, thanks for getting _ is one solution. it is indeed, thanks for getting up - is one solution. it is indeed, thanks for getting up so - is one solution. it is indeed, l thanks for getting up so early, we appreciate that. good to see you. staying with a similar topic — the boss of porsche has

told the bbc that the shortage of semiconductors for carmakers is a serious situation that's being managed on a day to day basis. but so far the sportscar maker has been weathering the storm. revenues in the last financial year were a record 28.7 billion euros. chief executive 0liver blume spoke to our correspondent, the height of our big successes are very innovative product portfolio and the crisis management to be dead. day by day we are watching our cost liquidity and in the end we were able to achieve this very positive financial situation. but there are still huge challenges out there, r there are? notjust the covid outbreak itself but also serious supply chain issues? we are faced. _ serious supply chain issues? - are faced, like our whole industry, by the semiconductor situation. it is a serious topic for the whole industry,

and what we do as they buy the troubleshooting in the short—term but also prepare the future to watch very deeply inside the premises to improve and get more stability and future. ll, and get more stability and future, _, , and get more stability and future. _, , ., future. so could we see are factories — future. so could we see are factories being _ future. so could we see are factories being forced - future. so could we see are factories being forced to . future. so could we see are i factories being forced to close in the coming months? we were successful— in the coming months? we were successful not _ in the coming months? we were successful not to _ in the coming months? we were successful not to close - in the coming months? we were successful not to close the - successful not to close the factory, but i am not able to predict what will happen in a month or in three months. it is important to understand where we do have the weak points in the supply chain and to tackle the supply chain and to tackle the weak point. it is not only done to say that we do need suppliers. you have to concentrate on every supplier we do have in the chain and to understand where to tackle. you have decided _ understand where to tackle. you have decided that the company is going to become carbon neutral by 2030. building cars

involves an enormous amount of energy and emissions of carbon. the kind of cars you have on the market, you do have electric cars but you also have cars that burn petrol and diesel. they are going to produce carbon dioxide, so how on earth are you going to become carbon neutral? bl; on earth are you going to become carbon neutral? by 2030 we will have _ become carbon neutral? by 2030 we will have 8096 _ become carbon neutral? by 2030 we will have 8096 of _ become carbon neutral? by 2030 we will have 8096 of cars - we will have 80% of cars electrified and then what is very important by our goal is that we are not only concentrating on product but also on the whole use period and life—cycle of a card. we know very well what consumption we have on carbon dioxide, therefore we will invest also to increase the pool of sustainable energy. and then it is credible what you're doing and we will spend over1 billion euros in the next ten years to fulfil this target to be carbon dioxide neutral in 2030. . . ., 2030. the chief executive of the porch —

2030. the chief executive of the porch -- _ 2030. the chief executive of the porch -- porsche. - today marks world water day, held on 22 march every year since 1993 it raises awareness of the 2.2 billion people living without access to safe water. a core focus of world water day is to support the achievement of sustainable development goal 6: water and sanitation for all by 2030. so what about the value of water to businesses? joining me now is kala vairavamoorthy, who's the executive director of the international water association. welcome to the programme. before we get to businesses specifically, how are we doing with the sustainable development goal number six, and getting clean water to everyone by 2030? are you able to hear as? i everyone by 2030? are you able to hear as?— to hear as? i can hear you.

shalli to hear as? i can hear you. shall i repeat _ to hear as? i can hear you. shall i repeat my - to hear as? i can hear you. shall i repeat my question | shall i repeat my question which is before we talk about businesses specifically how are we doing on the sustainable development goal of getting water and sanitation to all by 2030? ~ ., ., ., 2030? we are not doing particularly _ 2030? we are not doing particularly well. - 2030? we are not doing particularly well. we - 2030? we are not doing particularly well. we are 2030? we are not doing i particularly well. we are on the right track but i would say that particularly in relation to sanitation we are still a little way behind. i think that the efforts of the global community are very strong in relation to that.— community are very strong in relation to that. sanitation as usual is being _ relation to that. sanitation as usual is being left _ relation to that. sanitation as usual is being left behind. - relation to that. sanitation as usual is being left behind. as| usual is being left behind. as you say it is a global community, you have got governments needing to play a part with businesses and with non—government organisations as well. how critical our businesses, the part that they play in this?— play in this? businesses, without water _ play in this? businesses, j without water businesses play in this? businesses, - without water businesses would fail. from the fields were raw materials are grown to supporting the complex supply chains and also for manufacturing and finishing

products at the corporate headquarters. businesses really depends usually on water and so they are now starting to recognise water security as a material risk, and the criticality of this for the long—term growth of their businesses is clear. we are seeing businesses innovating in ways that others are following in terms of the way we think about water, and there are some very good examples around the world where industries are really leading the way in that respect. really leading the way in that res-ect. �* ., ., ., ., respect. i'm going to have to call out to — respect. i'm going to have to call out to a _ respect. i'm going to have to call out to a close _ respect. i'm going to have to call out to a close at - respect. i'm going to have to call out to a close at this - call out to a close at this point but thank you for talking to was on the programme, and it is world water day, there is so much more information on what is covered in world water day and the impact it has, and of course that huge task of trying to get clean water to all by 2030, a sustainable development goal. that is all from me for

now, if you're on bbc world news today will be back in a few minutes but for the viewers of bbc one breakfast begins at 6am. see you soon. it looks like the weather pattern is going to change over the week ahead. for the past few days we've had quiet, settled weather. it's been warm when the sun has been out. high pressure in charge. let me show you the upper level winds, the jet stream, that's the position of the jet stream and you can see how undulating that pattern is right now. but as we head into the week, we get more of a zonal flow. west—to—east wind coming in and bringing in air from the atlantic, and lower pressure means the weather is eventually going to turn more unsettled. fairly quiet at the moment, still. we've got a chilly start underneath those clearer skies. more cloud coming into northern ireland, north west england and especially western scotland. a little light rain or drizzle here. elsewhere it looks like it's going to be a dry day. some sunshine at times, light winds, temperatures again peaking at 13 or 14 celsius through the midlands, south east england, east anglia

and the north east of scotland. moving quickly onto tuesday, and we've got a fresher breeze picking up. south or south—westerly wind, looks like it's going to bring in a lot of cloud. maybe some dampness in the air out towards the west ahead of a band of rain that comes into northern ireland, western scotland later. temperatures again are perhaps 13 or 14 in the east where skies should be a bit brighter. we start to see the weather changing, though from midweek. that weather front bringing rain down from the north west into england and wales, not going to amount to very much at all. still dry in the south east for a while. after that band of patchy rain, we get some sunshine and then the weather turns wetter in the north west, especially into western scotland. the winds are bit stronger here. elsewhere, the winds should be fairly light which is why that band of cloud and rain isn't moving very far. temperatures not changing very much, again, on wednesday. the winds continue to pick up though, i think, during thursday and we start to see some mixture, really, of sunshine and showers. some wetter weather, though, a band of rain coming into northern ireland, into western scotland through the day. and temperatures of 12, 13, maybe 14 celsius —

near normal for this time of the year. but as we head towards the end of the week, we've got low pressure in charge. that's coming down from greenland, settling between iceland and scotland and that's going to bring colder air across the uk together with some much stronger wind. and we're looking at some bands of rain or showers and it's cold enough for those showers to be wintry over northern hills, perhaps even down into parts of wales as well. temperature wise, 7 celsius in the north, maybe making double figures in the south east.

good morning, welcome to breakfast with dan walker and sally nugent. 0ur headlines today: police vans are set on fire and officers suffer broken bones as a protest turns violent in bristol. a big clearup a big clear up is underway as you can see in bristol this morning after a night of violent protests, a night where the police are the target. around 10,000 soldiers are expected to be cut from the army, as part of the major restructuring of the armed forces. this summer promises to be the year of staycation. i am at exmouth beach

to see how the rnli