this is bbc news with the latest business headlines for viewers in the uk and around the world. the republic of ireland goes into partial lockdown at midnight with people told to work from home and opening hours cut for pubs, bars and restaurants. as aircraft manufacturers bag hundreds of orders at the dubai airshow — is the worst over for the airline industry? and the christmas rush — increased worry over christmas deliveries as most of us now buy online.

we start in the republic of ireland where new covid—19 restrictions come into force at midnight. the irish prime minister says the advice now is that everyone should work from home unless it is absolutely necessary and there will be an earlier closing time of midnight for bars, restaurants and nightclubs. covid—i9 vaccine passes will now be required for entry to cinemas and theatres but not for gyms and hairdressers. the government has been forced to take action as infection rates have soared in recent weeks — according to the world health organization ireland now has the highest incidence rate in western europe. other countries across europe are increasing their restrictions as case numbers go up. restrictions as case numbers go u . _ �* ., restrictions as case numbers go un. �* ., �* " restrictions as case numbers go u . _ �* ., ~ ~' , ., ., up. angela merkel is headed to a crisis meeting _ up. angela merkel is headed to a crisis meeting today - up. angela merkel is headed to a crisis meeting today with - a crisis meeting today with regional leaders to discuss

what she describes as a dramatic covid fourth wave. belgium, austria, the netherlands and sweden are also among those in europe who are increasing restrictions. so what impact will this have on economic recovery across europe? marc ostwald is chief economist & global strategist at adm isi. good to see you. can you give us your take on all of this across europe in so many countries where we see restrictions and lockdowns returning. restrictions and lockdowns returning-— restrictions and lockdowns returnina. ., ~ returning. we are. i think most governments — returning. we are. i think most governments appear— returning. we are. i think most governments appear to - returning. we are. i think most governments appear to be - returning. we are. i think most. governments appear to be trying to err on the side of not going too fast that make far, so nothing like the of restrictions we saw last winter but, nevertheless, there is the fear that it could escalate. it is a complex situation in terms of the economic impact, simply because there are other fact is, such as supply chain bottlenecks which impact the

world economy the world over. and there is also a deeper psychological scarring. to what extent have they already started to retrench in any case because of the long—term impact of the pandemic? so it is a difficult one tojudge. of the pandemic? so it is a difficult one to judge. i think that the impact won't be nearly as large. figs that the impact won't be nearly as lane. a that the impact won't be nearly aslarue. a , as large. as you say, 'ust addin: as large. as you say, 'ust adding into i as large. as you say, 'ust adding into that i as large. as you say, 'ust adding into that as h as large. as you say, just adding into that as well l as large. as you say, just l adding into that as well the problem with energy prices across europe going up and up and the political wrangling over the nord stream two pipeline is not helping either at the moment. it is very hard to predict, isn't it, what may go on between now and christmas, a critical time for hospitality and for retail because last year remember only too well they were given very little notice that shops, restaurants, bars had to close, certainly in the uk.— certainly in the uk. indeed they were _ certainly in the uk. indeed they were and _ certainly in the uk. indeed they were and that - certainly in the uk. indeed

they were and that was - certainly in the uk. indeed l they were and that was true certainly in the uk. indeed - they were and that was true for pretty much across all of europe in fact. i think in the current situation it is probably more a case of they are not going to get the sort of boom that they were hoping for which they will probably not going to get in any case because we already heard about the potential impact of delivery of christmas presents and christmas present type goods. so extracting from all of this. i think there will be an impact but it will be much more subtle and much more specific than we have before. so if you not going to necessarily see a contraction in gdp growth but it will be disappointing relative to what people have been expecting. find people have been expecting. and in particular. _ people have been expecting. and in particular, for _ people have been expecting. and in particular, for germany, the largest european economy, they were hit on many fronts because one of their key exports, car manufacturing, has been really battling over the added impact of chip shortages et cetera. so they have really felt the front

of many of these issues, haven't they?— of many of these issues, haven't they? they certainly have. haven't they? they certainly have- and — haven't they? they certainly have. and this _ haven't they? they certainly have. and this is _ haven't they? they certainly have. and this is the - have. and this is the interesting contrast in europe 20 strength in italy at the moment which is seeing much better than most people and germany where you do have volkswagen and the main plant they have in germany, output is at 1954 levels. that gives you at 1954 levels. that gives you a good idea of how strong an impact it is. therefore when we look at growth numbers in germany we have to take that into account rather than saying, oh, it is all the fact that consumers are being restricted in terms of movement.— restricted in terms of movement. ., ,, movement. thank you, mark. good to see yom — movement. thank you, mark. good to see you. have _ movement. thank you, mark. good to see you. have a _ movement. thank you, mark. good to see you. have a great _ movement. thank you, mark. good to see you. have a great day. - to see you. have a great day. and a little later in the programme we are hoping to speak to the head of the restaurant association of ireland to find out how the hospitality sector is preparing for that deadline of midnight tonight. more on that a little later. let's get some of

the day's other news. baidu beat quarterly revenues and profit estimates, partly as a result of the success of its cloud operations. but the chinese internet giant has warned the regulatory overhaul in china could affect its advertising sales going forward. it comes after another major chinese tech firm, tencent issued a similar warning earlier this month. evergrande says it will sell its entire share stake in hengten network holdings for more than 270 million dollars. the chinese developer has been struggling to make payments to bondholders as it grapples with more than 300 billion dollars in liabilities.meanwhile, another chinese developer country garden services holdings has seen shares suspended in hong kong after falling sharply on the hang seng on wednesday. the british government

is preparing to publish its £96 billion plans for the rail network in the midlands and north of england, but there's anger that the leg of high speed two, running to leeds, is expected to be scrapped. there is also frustration that there are likely to be upgrades to existing tracks, rather than a new line between manchester and leeds. ministers insist that their changes will mean improvements happen up to a decade earlier. dan johnson reports. it has been it has been described it has been described as it has been described as the it has been described as the biggest ever public investment in our rail network, modernising roots more quickly and levelling up cities and regions, the government says. but the integrated rail plan focuses on improving existing lines instead of building new ones. hs two will connect london with birmingham and manchester that it now looks like the planned eastern leg. in the east midlands rather than reaching yorkshire. and it is expected that there will be no new trans— pennine route tween manchester, bradford and leeds. the government says that

upgrades to the current lines can deliver similar improvements tojourney can deliver similar improvements to journey times and capacity years earlier and it will leave many in the north disappointed. mr; it will leave many in the north disappointed.— it will leave many in the north disappointed. my real concern is that our _ disappointed. my real concern is that our victorian _ is that our victorian infrastructure is creaking in the north of england. we really tried to upgrade the existing line between leeds and manchester and it has taken ten years have onlyjust started to see issues on the ground. i don't believe that upgrading infrastructure will be faster infrastructure will be faster in delivering results than building new lines. these were the front pages _ building new lines. these were the front pages of— building new lines. these were the front pages of many - the front pages of many regional papers this week, calling for the government to stand by earlier promises. this was boris johnson's stand by earlier promises. this was borisjohnson�*s pledge two years ago. i was boris johnson's pledge two years age-— years ago. i want to be the prime minister _ years ago. i want to be the prime minister who - years ago. i want to be the prime minister who does i years ago. i want to be the i prime minister who does what years ago. i want to be the - prime minister who does what we did for— prime minister who does what we did for crossrail and today i am going _ did for crossrail and today i am going to deliver on my commitment to that vision with a pledge — commitment to that vision with a pledge to fund the leads to manchester route. this a pledge to fund the leads to manchester route.— a pledge to fund the leads to manchester route. this is a £96 billion investment _ manchester route. this is a £96 billion investment plan, - manchester route. this is a £96 billion investment plan, not - billion investment plan, not all new money. it includes 360

million to roll out london style contact list ticketing and that will also feature price caps applying across trains, trams and buses. but new rail routes were more than 20 years away and the government says upgrading the existing network will mean similarjourney times ten years sooner. full details will be published later. danjohnson, bbc news. joining me now is stuart thomson, head of public affairs, bdb pitmans this good to talk to you. from the get go hs two has been a highly controversial with many fora and many more against. what do you of this announcement we expect today that the key aspect of it could be scrapped in the north? there are several— be scrapped in the north? there are several bits _ be scrapped in the north? there are several bits to _ be scrapped in the north? there are several bits to this _ be scrapped in the north? there are several bits to this and - are several bits to this and you are entirely right to point to the weight of opinion on both sides about this project. it is difficult to see it other

than a blow to the prime minister himself. he has tried to portray himself as an infrastructure prime minister and it looks as though key parts of his plans and he has championed these projects for a long time, they will not happen. the government will try and say that it is probably the largest investment since victorian times and it is not that it won't be without some significant changes but the outcry that there will be from cities and parts of the country that have long been promised hsz, the that have long been promised hs2, the eastern leg, but particularly northern powerhouse rail will be massive. this is huge as far as the prime minister �*s credibility is concerned. and credibility is concerned. and this is a prime _ credibility is concerned. and this is a prime minister who says he wants to level up written and this is a part of the country where the conservative party got votes in the last election where they have not received votes before.

so as you say it is extremely toxic from a political point of view but in terms of the spend, just on hs2 alone it is estimated to have been a huge overspend partly because this has been going on for such a long period of time and everything is that much more expensive now than they estimated when they began. the cost issue has _ estimated when they began. tue: cost issue has been estimated when they began. tta: cost issue has been in estimated when they began. "tt2 cost issue has been in achilles heel from the get go for the project. on the trouble is it is difficult to keep track of the numbers they were talking about from the initial 2020 5 million sorry, billion, north of camino, 100 billion. it becomes very difficult for the treasury to justify. some of the significant changes in terms of climate impact, for example, and impact on co2 emissions were going to be achieved if and when the project got to scotland but there was no sign of that happening largely because the uk government and scottish government between them could

not agree who would then pay for the scottish side of things. so it has been a controversial project from the very, from the outset. but the government really today has to explain the benefits of this new integrated rail plan while at the same time explain to the leaders of cities and areas across the country, the mayors, they will not be happy about this. in the same will apply for other cities as well. bits of infill are not the same, as the not quite promised but certainly indicated new high—speed rail line connecting east and west across the northern powerhouse. it is a huge change. tt northern powerhouse. it is a huge change-— northern powerhouse. it is a huge change. it is indeed and we shall wait _ huge change. it is indeed and we shall wait to _ huge change. it is indeed and we shall wait to heal- huge change. it is indeed and we shall wait to heal details l we shall wait to heal details later today. thank you very much. let's had now to dubai. the dubai airshow, the first international aerospace trade event since the outbreak of covid—19, concludes today.

during the first four days of the event, aircraft manufacturers secured orders for more than 400 airplanes, airplanes,building on signs of a recovery from a global pandemic that has shattered the industry's profits. so, is the worst over for the airline industry? our middle east business correspondent sameer hashmi reports from dubai. after nearly 20 months of turbulence the airline industry is seeing signs of brighter days ahead. at the dubai air show, the first major gathering of aerospace sector since the pandemic, the mood was cautiously optimistic. with international travel picking up international travel picking up in recent months, the airlines feel the worst is over. the ua he airline are starting to ramp up he airline are starting to ramp up capacity. he airline are starting to ramp up capacity-—

up capacity. until the end of next year — up capacity. until the end of next year we _ up capacity. until the end of next year we are _ up capacity. until the end of next year we are taking - up capacity. until the end of next year we are taking 33 l up capacity. until the end of. next year we are taking 33 new aircraft. we are already at numbers above precovid numbers both numbers of flights, number of passengers and the actual revenue is much more because the yield is much more. anticipating a down spark in the crowded sector, some airlines need a shot in the arm. airbus is about to get a dealfrom four airlines arm. airbus is about to get a deal from four airlines in which the us raised indigo group is the top shareholder. the fan financially battered airline industry, this is a sign the confidence is starting to return. but there is also realisation that the recovery will not be swift which is why many airlines are using this period to re— strategise and also rebuild flight networks. despite the optimism analysts warn that rising oil places and in fourth covid wave in europe

could derail the recovery. keeping in mind that europe is actually one of the better regions in terms of vaccination rates it is very worrying. so for airlines that have re—established part of their network if not fully in europe, they may have to go back down to square one. this will be very destructive, it is going to push the recovery back even further. :: :: ., , to push the recovery back even further, :: i: ., , ., , further. 2020 was the worst ear for further. 2020 was the worst year for the _ further. 2020 was the worst year for the airline - further. 2020 was the worst year for the airline sector i year for the airline sector with combined losses touching almost $140 million. and even though it will take a few years for the carriers to fully recover, industry is hoping that there will not be any major distractions on the flight path to recovery. stay with us on bbc news. still to come: and the christmas rush — increased worry over christmas deliveries as most of us now buy online. benazir bhutto has claimed victory in pakistan's general election,

and she's asked pakistan's president to name her as prime minister. jackson's been released on bail of $3 million after turning himself in to police in santa barbara. it was the biggest i demonstration so far of the fast—growing _ european anti—nuclear movement. the south african government has announced that it's opening the country's remaining whites—only beaches to people of all races. this will lead to a black majority government in this country and the destruction of the white civilisation. part of the centuries—old windsor castle, - one of the queen's residences, has been consumed by fire for much of the day. - 150 firemen have been battling the blaze, - which has caused millions. of pounds worth of damage.

this is bbc news. the latest headlines: the actor alec baldwin faces a new lawsuit over the fatal film—set shooting of a cinematographer on the western rust, with lawyers calling him reckless. two men convicted of the murder of the us civil rights leader, malcolm x, more than 50 years ago, are set to be exonerated. our top business story — lockdowns of covid restrictions across europe. the republic of ireland goes into a partial lockdowns made, with curfews once again on pubs, restaurants, and bars. that's talk to adrian cummins, chief executive of the restaurant association of ireland. good

morning. talk through your industry. what has the reaction been to these new restrictions? from midnight tonight, there will be more restrictions on the hospitality industry, effectively we will have a curfew on pubs, nightclubs, restaurants from midnight. the industry has reacted with amazement that we are at a 93% of our population fully vaccinated, and now we're facing more restrictions. it is going to be difficult winter for our population, but also our industry. we have said to the government that we need extra business supports now to get us through the winter. which is always busy for hospitality the lead up to christmas, and effectively this is another blow to our sector at a time when it is critical to build up cash flow for next year. when you talk about a curfew at

midnight. forthose when you talk about a curfew at midnight. for those who are eating out, is that still not arguably plenty of time? talkers through the logistics of this, how it impacts those in hospitality, this of curfew. we allowed our night—time economy, our nightclubs to reopen nearly three weeks ago. now they are being told that they have to effectively shut down again because there has to be a curfew, which means all patrons, the customers off the premises by midnight. the government have said in the last 24 hours that there may be further restrictions over the next number of weeks, and effectively we don't want to get to that position. but, because of, let's say, the mixed messaging coming out from our government, it is affecting our government, it is affecting our businesses. effectively we are now under further restriction and that is affecting our economy, hospitality alchemy at ——at a

critical time where we need to build up cash flow to keep us going into next year. absolutely, we appreciate you joining us to talk us through the challenges. thank you very much. former us treasury secretary henry paulson warned against a financial decoupling from china, calling for continuing dialogue with the world's second—largest economy in his address to the bloomberg new economy forum. our asia business reporter suranjana tewari is at the forum. you spoke to henry paulson, what did he have to say? actually, he opened day two of the forum, and during that speech he made a very strong message about the us and china, saying that decoupling was absolutely impossible, and even the steps towards a partial decoupling would be really bad

for the us economy, the chinese economy, and global economy, and would lead to financial crises. us and china trade relations have been a real focus at this forum with a chinese vice presidentjust yesterday saying that china was essentially open for business, but the us commerce secretary said that china is not sitting to its promises as far as the phase 1a trade deal goes. suranjana tewari, thank you, we will talk to you again i am sure as the day progresses. more key speakers will be taking to the stage in singapore. it's a week until thanksgiving and just 37 days until christmas, but before you jump online to order gifts and festive treats, there's rising concern that online deliveries may not arrive on time. in the uk, worries over supply chain shortages has seen many people start their christmas food shopping early and firms across the us say demand will outstrip supply on everything from thanksgiving turkeys to artificial christmas trees. but new figures show that almost half of brits are worried that gifts bought

online will not arrive in time for christmas. joining me now is harry wallop, consumer affairs journalist. are wejust are we just getting carried away here? are we going to be stockpiling unnecessarily again with toilet rolls from floor to ceiling? well, good morning, ithink there is an element of unnecessary purchasing but, of course, the thing with christmas as you aren't going to buy more than one present, so i think people, and facts consumers are being understandably very cautious. they have seen the news, they have seen the supply chain problems. retailers have gone out and told them they don't have quite as much stock as they want, and they have acted on it, so there is a survey out today from shift, a research

company, saying that a number of people worried about not getting the gas or christmas. you think, maybe this is just some hope to get people to shop early, but i think it is based in reality. retailers have given warnings. you say we may not get more than one present. a have heard of people thinking of backup presence, backup frozen turkey. just in case the one you have ordered fresh doesn't materialise. i mean, that is the thinking, isn't it? we are seeing the same in the us and elsewhere. absolutely, this is a global issue and it comes back to the problems in the global supply chain and the fact that shipping rates have gone from $2000 per container to as high as $20,000 from china to the us. they are signs that some shipping rates are going down, so supply chain problems should start to thaw out, but most say it won't have any material effect until after christmas. things are going to be

problematic between now and december. do you think that this could really benefit the high street and increase the traffic? we are worried that things may not arrive at our homes via carriers. absolutely, ithink arrive at our homes via carriers. absolutely, i think a lot of people choose to shop locally. it will partly be all around europe as we have seen title lockdowns. so there might be relying a little bit online. when it comes to the uk, and there's very little sign they are going to be more restrictions, yes, we saw figures earlier this week from the new west end company, the trading body for the main shopping area of central london, and said for the first time that footfall was back to a higher level than it was before covid. so, yes, shoppers are very much out and about and, yes, the one way of guaranteeing actually getting a christmas present in time the christmas present in time the christmas is going out and buying it. it sounds old—fashioned but that is what many people will be doing this

year. many people will be doing this ear. ~ ~' , many people will be doing this ear. ~ ~ , ., many people will be doing this ear. ~ ~ ,., . many people will be doing this ear. ~ , year. we will keep a close eye. thank you _ year. we will keep a close eye. thank you for— year. we will keep a close eye. thank you for talking _ year. we will keep a close eye. thank you for talking to - year. we will keep a close eye. thank you for talking to us. - thank you for talking to us. harry wallop, consumeraffairs harry wallop, consumer affairs are harry wallop, consumeraffairs are now up—to—date on all things news, business and sport. have a lovely day. i will see you soon. hello there. the weather isn't changing in too much of a hurry over the next few days, because high pressure keeping things dry, settled, and very mild still for this time of year. so another mild and quite breezy day to come on thursday. dry weather for most of us, but not everywhere. we have got this weather front sitting close to the north of scotland, so that'll produce outbreaks of rain mainly for northern and western scotland, but high pressure to the south dominating the weather for most places. and with that high pressure, we're drawing in winds from a south—westerly direction, so bringing the mild air and the orange colours really right across the uk. might be a bit of a chilly start for some southern and eastern parts of england first thing, the odd misty patch around. generally, the cloud will increase from the west through the day, but there will be some spells of sunshine for east anglia and the south—east,

up towards eastern scotland, as well. still a bit of rain to come for the north—west of scotland, but the breeze blowing over the mountains is likely to create something called a foehn effect, lifting temperatures to around 17 degrees for aberdeenshire. widely 14 or 15 the top temperature, and compare that to the average temperature this time of year of only about 9 degrees, so well above average. it'll be windy again particularly in the north—west, with gusts of wind about 40mph, but lighter winds further south. so through thursday evening now and heading overnight into friday, it'll be a pretty cloudy picture. a bit of low cloud and hill fog likely, some drizzle around some coastal hills in the west once again. but it will be a very mild and certainly frost—free start to friday morning, but we've still got that rain continuing across the western isles and northern highland, as well. into friday, no great changes — there's that weather front across the north of scotland, there's the high pressure in charge for most places. so quite a cloudy picture, i think, but predominantly dry through the day on friday, away from the north and north—west of scotland where we've got that weather front continuing to bring outbreaks of rain. temperatures again getting up to 14, 15, even 16 degrees, bit of a foehn effect once again through the east of scotland. it won't last forever, this mild weather, though —

into the weekend, saturday, we'll see a cold front moving south across the northern half of the uk. into sunday, that slips its way further south, and it'll introduce the blue colours, the colder air mass with these northerly winds moving across all areas. so gradually through the weekend, things will be turning colder. we'll still look at temperatures in double figures through the day on saturday, but by the time we get to sunday, things will be noticeably cooler — maybe time to dig out the winter coat. bye for now.

good morning, welcome to breakfast withjon kay and naga munchetty. our headlines today. a £96 billion rail plan for the midlands and north of england — but there's anger that the hs2 line from the east midlands to leeds is set to be scrapped. those high—speed plans across the east midlands and the north of england were welcomed with open arms here, but there is frustration and anger this morning as passengers find out they could be waiting even longer. they own 25% of their property, but have to pay 100% of the cladding repair bill. we hear from the tenants facing financial ruin. new legal action against actor alec baldwin, who is accused of playing russian roulette

when he fired a gun on set, killing a colleague.