Browse content similar to 24/02/2016. Check below for episodes and series from the same categories and more!
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Hello, this is Breakfast with Charlie Stayt and Louise | :00:00. | :00:00. | |
It is the super exchange, as London and the German stock exchanges | :00:07. | :00:22. | |
announce new marriage plans we ask for their make it to the altar this | :00:23. | :00:28. | |
time. Fly from London that is our top story today. | :00:29. | :00:48. | |
Third time lucky, a British German marriage may be on the cards as the | :00:49. | :00:54. | |
200-year-old stock exchange announces plans to try to merge | :00:55. | :01:03. | |
again. Europe's biggest playmaker cuts production of one of its jets | :01:04. | :01:09. | |
as profit and revenue takes off. The markets have opened, boil down we | :01:10. | :01:18. | |
will tell you why. We have more on the referendum, today we look at | :01:19. | :01:30. | |
Norway. What do the Norwegians think about this and does it work? As | :01:31. | :01:33. | |
ever, do get in the conversations. Welcome to the programme, let's | :01:34. | :01:56. | |
start with the top story. Finally, could a British German | :01:57. | :01:59. | |
marriage be on the cards? Whoever is sitting on a autocue was | :02:00. | :02:08. | |
you wake up because we are going to talk about the British and German | :02:09. | :02:10. | |
marriage of the stock exchange. After many failed tie-up attempts, | :02:11. | :02:13. | |
the 215-year-old London Stock Exchange Group | :02:14. | :02:15. | |
and Germany's Deutsche Borse are in talks over what the LSE calls | :02:16. | :02:17. | |
a "merger of equals". The move that would create | :02:18. | :02:20. | |
a European industry champion and one of the world's largest | :02:21. | :02:24. | |
exchanges for trading To thrive on a global stage, | :02:25. | :02:26. | |
you need to be a Super Exchange to compete with rivals CME Group | :02:27. | :02:38. | |
and Intercontinental Exchange in the US and in Asia, | :02:39. | :02:43. | |
Hong Kong Exchanges and Clearing. But it's been a painful | :02:44. | :02:45. | |
history of tie-up attempts. LSE and Deutsche Borse have tried | :02:46. | :02:49. | |
to tie the knot twice before in 2000 The LSE has also fought off bids | :02:50. | :02:53. | |
from the high-tech Nasdaq exchange. Simon Griffiths, Partner, | :02:54. | :03:11. | |
at the lawyers Irwin Mitchell As Aaron stipulated, these two have | :03:12. | :03:25. | |
tried to team up before and not succeeded so what is different about | :03:26. | :03:30. | |
this time from what we know at least? Last time was a long time ago | :03:31. | :03:37. | |
and yesterday the announcement was forced on the London stock exchange, | :03:38. | :03:41. | |
they didn't want to make it. Explain why. There was an upward movement in | :03:42. | :03:49. | |
share price and our UK rules then required company to make an | :03:50. | :03:54. | |
announcement. They made the announcement, they are trying to get | :03:55. | :03:58. | |
together again, just focus through previously it was some time ago, | :03:59. | :04:03. | |
they overcame some hurdles they hit last time? Who knows. There are | :04:04. | :04:10. | |
competition hurdles and there are other bids, nobody can say there are | :04:11. | :04:19. | |
more chances this time, this time we have the uncertainty of the breaks | :04:20. | :04:29. | |
it -- brexit. This may have something to do with the fact that | :04:30. | :04:33. | |
brexit is a possibility in four months' time. Why do they need to | :04:34. | :04:45. | |
merge to form this super exchange? Its London after all. It is simply | :04:46. | :04:52. | |
economies of scale. If you put the two businesses together you will | :04:53. | :04:55. | |
make more money and make more money for shareholders. It is interesting | :04:56. | :05:03. | |
because we think of the London stock exchange as a British institution as | :05:04. | :05:08. | |
the same way that the dodger boyish is German but both organisations are | :05:09. | :05:14. | |
international in terms of ownership of shares, it is not so much London. | :05:15. | :05:24. | |
-- Deutsche Borse. It is so about data technology, the stock exchange | :05:25. | :05:29. | |
produces a quarter of the revenue, it is intellectual property for | :05:30. | :05:33. | |
which it derives most of profits. It is a global business and by putting | :05:34. | :05:39. | |
together they become more powerful. We appreciate your input on this | :05:40. | :05:44. | |
story and Simon inferred, there is a long way to go so we will usually | :05:45. | :05:46. | |
touch on every twist and turn. Airbus has released | :05:47. | :05:50. | |
its results for 2015. Europe's largest airline | :05:51. | :05:53. | |
manufacturer saw profits last year Last month the aerospace giant | :05:54. | :06:08. | |
revealed that they delivered a record number of planes in 2015 | :06:09. | :06:12. | |
but failed to de-throne Boeing as the world's biggest | :06:13. | :06:14. | |
aircraft manufacturer. Airbus hopes to deliver more | :06:15. | :06:16. | |
than 650 planes this year, with the wide-body A350 expected | :06:17. | :06:18. | |
to help it close the gap. They have to deliver the planes | :06:19. | :06:25. | |
before they get the money, very important. | :06:26. | :06:27. | |
Brazilian authorities have charged the former president of mining | :06:28. | :06:29. | |
company Samarco and six others with homicide for the mining | :06:30. | :06:31. | |
disaster that killed 19 people last November. | :06:32. | :06:35. | |
Samarco is owned by Brazil's Vale and mining giant BHP Billiton | :06:36. | :06:38. | |
and on Tuesday police presented the first official report | :06:39. | :06:44. | |
The report concluded that the accident was caused | :06:45. | :06:47. | |
by excess water in the dam, lack of proper monitoring, | :06:48. | :06:49. | |
faulty equipment and failure in the drainage system. | :06:50. | :06:51. | |
JP Morgan will set aside an additional $500m to cover | :06:52. | :06:56. | |
potential losses from its exposure to the oil and gas sector. | :06:57. | :06:58. | |
The increase is more than 60% of the funds the bank had | :06:59. | :07:01. | |
The announcement contrasts with the banks assertion in January | :07:02. | :07:04. | |
that oil companies were "surprisingly resilient". | :07:05. | :07:23. | |
Johnson and Johnson, it was ordered by a Missouri state in the the US, | :07:24. | :07:33. | |
that was to the family of a woman who ovarian cancer was linked to use | :07:34. | :07:40. | |
of the baby powder and shower the shower for several decades she used | :07:41. | :07:46. | |
it for many years. I say talcum powder can cause cancer? That is | :07:47. | :07:52. | |
what the conclusion so they have been ordered to pay $72 million in | :07:53. | :07:59. | |
damages. This was a lance late Monday but is hitting the wires | :08:00. | :08:06. | |
today, an interesting scenario. 10 million of damages and 62 to | :08:07. | :08:09. | |
punitive damages. It's a key economic | :08:10. | :08:15. | |
indicator of the region - so when Singapore releases | :08:16. | :08:17. | |
its latest growth numbers economists take notice and today's | :08:18. | :08:19. | |
news isn't good. It's economy grew by 2% in 2015, | :08:20. | :08:27. | |
it's slowest rate of growth Leisha Chi, Business Reporter | :08:28. | :08:30. | |
is in Singapore... I like living here. The figures were | :08:31. | :08:41. | |
not good but better than expected. It expanded by 2% last year but that | :08:42. | :08:47. | |
is the slowest since 2009, compare that to 3.3% in 2014. It looks like | :08:48. | :08:52. | |
low growth will be the new norm for Singapore. Economists expect 1-2% in | :08:53. | :09:00. | |
the years ahead. Which actually is very similar to other advanced | :09:01. | :09:04. | |
economies. Singapore has been very reliant on trade but that also has | :09:05. | :09:09. | |
made it incredibly vulnerable to swings in global demand and recently | :09:10. | :09:12. | |
we have seen a drop in manner factoring output as well as a steep | :09:13. | :09:16. | |
plunge in exports which is because of slowing growth in China which is | :09:17. | :09:22. | |
one of the biggest markets. This has been somewhat offset by a growth in | :09:23. | :09:26. | |
services in the construction sector, services like the casinos and the | :09:27. | :09:30. | |
government is really have to push ahead with an economic restructuring | :09:31. | :09:34. | |
so what they will do is focus more on ideas and will turn Singapore | :09:35. | :09:40. | |
into a high-end research help. Great stuff, stay out of the casinos. | :09:41. | :09:44. | |
Asian stocks were mostly lower on Wednesday, tracking declines | :09:45. | :09:48. | |
on Wall Street as crude oil extended losses after Saudi Arabia ruled out | :09:49. | :09:54. | |
freezing production, saying market forces should be | :09:55. | :09:55. | |
Oil dropped 4% - now hovering around $30. | :09:56. | :10:12. | |
Just adding to the global worries, those Singapore numbers - | :10:13. | :10:15. | |
Both slowing last year predicting continued weakness this year. | :10:16. | :10:20. | |
Europe - a steady open after those sharp losses yesterday - | :10:21. | :10:25. | |
today's focus more on company results. | :10:26. | :10:31. | |
But let's turn our attention to the biz-buz on the other | :10:32. | :10:36. | |
side of the Atlantic - here she is Michelle Fleury. | :10:37. | :10:41. | |
Remember when HP split into two companies, the business that houses | :10:42. | :10:49. | |
the PC and printer operations is set to report its first set of earnings | :10:50. | :10:54. | |
this Wednesday. The stock has fallen since the spin of an analysts aren't | :10:55. | :10:58. | |
too cheerful about its prospects given the gloomy outlook for the PC | :10:59. | :11:03. | |
market. Also weak commodity prices continue to cast a chill on | :11:04. | :11:09. | |
earnings, oil and gas producing energy are producing a loss in the | :11:10. | :11:14. | |
fourth quarter, compared to a profit of the year ago, investors want to | :11:15. | :11:17. | |
know what the company would do to reduce the high debt level around | :11:18. | :11:21. | |
eight times the market value. The plunge in crude oil is also forecast | :11:22. | :11:30. | |
to weigh heavily on North Dakota's consonantal resources when its | :11:31. | :11:34. | |
report its fourth-quarter results. Thank you to Michelle. | :11:35. | :11:36. | |
Joining us is Jeremy Stretch, head of currency strategy at CIBC | :11:37. | :11:38. | |
Same sorts of issues but one slightly newer, the oil price | :11:39. | :11:54. | |
slipped and the pound has sunk? Indeed it has, the sterling is under | :11:55. | :12:01. | |
pressure. Wizards sided through the 140 barrier, the first time since | :12:02. | :12:06. | |
around March 2009 so further negativity playing out in terms of | :12:07. | :12:11. | |
the standings this -- the sterling perspective. The whole brexit being | :12:12. | :12:19. | |
crystallised into the upcoming vote so there is concern about foreign | :12:20. | :12:25. | |
investment impact and stalling foreign investment and the questions | :12:26. | :12:31. | |
about what that implies for the UK. Investors are saying we don't want | :12:32. | :12:34. | |
to be involved in the sterling at this juncture and have been stepping | :12:35. | :12:39. | |
away. Not good for another soulless going on holiday. -- for those of us | :12:40. | :12:48. | |
going. Last week we had the meeting in Doha are in Qatar, the Isa will | :12:49. | :12:53. | |
freeze the production in January level if everybody will do it, we | :12:54. | :12:58. | |
knew back then that not everyone was so Saudi making it clear they will | :12:59. | :13:02. | |
keep playing this game if you will call it a game. If we go back to | :13:03. | :13:10. | |
November, December 2014 when the Saudis said they would not cut | :13:11. | :13:13. | |
production, that crystallised the downtrodden victory of the oil price | :13:14. | :13:17. | |
which has continued. The question is why would they change of tack at | :13:18. | :13:21. | |
this edition. You could argue it is hurting them financially, we saw | :13:22. | :13:27. | |
this reflected in their budget, austerity is now ongoing so the pain | :13:28. | :13:32. | |
is hitting them, but by taking that amount of pain why would they change | :13:33. | :13:37. | |
strategy? Especially with Iranian oil coming back, they'll not wanting | :13:38. | :13:42. | |
to cede market share to arrive so they will continue and freezing | :13:43. | :13:47. | |
production is one thing and cutting production is another thing. Being | :13:48. | :13:53. | |
Wednesday this is the day when we get the weekly oil numbers in the US | :13:54. | :13:57. | |
and once again we are expecting to see those infantry is to build, a | :13:58. | :14:03. | |
glut of oil beginning to accumulate and according to that it'll keep the | :14:04. | :14:06. | |
oil price under some degree of pressure. Not enough storage | :14:07. | :14:14. | |
nowadays, that is the problem. It is one of those classic things, if you | :14:15. | :14:17. | |
have an asset which you think will appreciate them you may want to | :14:18. | :14:21. | |
store it but as you say, it is becoming more of an issue. I can | :14:22. | :14:26. | |
hear new businesses starting as we speak. You are coming back to take | :14:27. | :14:31. | |
us through the papers. As we kick of our special series | :14:32. | :14:34. | |
on Britain's EU referendum journey, we hear from Norway - | :14:35. | :14:38. | |
a country that's outside but paying for the privilage | :14:39. | :14:40. | |
of trading with the EU. You're with Business | :14:41. | :14:43. | |
Live from BBC News. The UK is on the verge of a flexible | :14:44. | :14:48. | |
working tipping point - when working away from the office | :14:49. | :14:51. | |
is becoming more common Let's get more from Ben Thompson, | :14:52. | :14:54. | |
who's in central London. We are also in central London, but | :14:55. | :15:09. | |
he's clearly not in the studio. Tell us more about this, people avoiding | :15:10. | :15:14. | |
the commute, but does working at home really work? Good morning, | :15:15. | :15:17. | |
welcome to my brilliant vantage point here in central London. It | :15:18. | :15:21. | |
seems that more and more of us are ditching the commute into the city | :15:22. | :15:25. | |
centre up and down the country, and instead choosing to work from home. | :15:26. | :15:31. | |
4.2 million of us now do that. 1.8 million more would like to if their | :15:32. | :15:35. | |
employer was a little bit more flexible. Some advantages with it, | :15:36. | :15:40. | |
some disadvantages. It seems that more of us are avoiding those long | :15:41. | :15:45. | |
commutes. The average commute in London is 1.25 hours to get to the | :15:46. | :15:48. | |
office. You can see why many people simply don't want to do it. Then it | :15:49. | :15:53. | |
is with me, he runs his own marketing them from home. Told me | :15:54. | :15:57. | |
through the advantages. What is it that made you decide that you would | :15:58. | :16:02. | |
run your home from your kitchen table? You pointed at the first | :16:03. | :16:06. | |
thing, cutting down on the commute. That hour and a quarter that people | :16:07. | :16:10. | |
spend commuting to the office and back again, it can be spent more | :16:11. | :16:13. | |
productively, getting on with work or preparing yourself for the day, | :16:14. | :16:17. | |
or generally just a better use of time. Also cuts down on costs, to | :16:18. | :16:20. | |
come because you don't have to pay for an office space and get caught | :16:21. | :16:24. | |
up in longer contracts. We're much more flexible. As a relatively new | :16:25. | :16:27. | |
at them, it is more attractive for us to work from home. Good luck with | :16:28. | :16:36. | |
the firm. It cuts a lot of costs, a lot of time, but it also comes with | :16:37. | :16:39. | |
some disadvantages. There is none of that face-to-face interaction, none | :16:40. | :16:42. | |
of that quick chat over coffee in the office, which is often sometimes | :16:43. | :16:47. | |
when the best ideas are created. One statistic that caught my attention | :16:48. | :16:53. | |
this morning is that we spend 10,600 hours commuting over the life of an | :16:54. | :16:57. | |
average person when it comes to work. That is over a year of your | :16:58. | :17:02. | |
working life spent on a train or stuck in a car. Worth thinking about | :17:03. | :17:08. | |
during your commute this morning. Big Ben and little Ben in central | :17:09. | :17:12. | |
London. I am talking about you and the fellow next to you. | :17:13. | :17:22. | |
More about the UK economy, Barrett profits are headed higher. About | :17:23. | :17:23. | |
40%. Our top story - third time lucky | :17:24. | :17:32. | |
for a marriage between the two hundred-year-old London Stock | :17:33. | :17:36. | |
Exchange and Germany's Deutsche As the UK prepares for a June | :17:37. | :17:37. | |
referendum on whether to leave the European Union, so voters | :17:38. | :17:43. | |
and investors are looking at what other options could be | :17:44. | :17:45. | |
on the table if an exit vote won. As part of our special series | :17:46. | :17:53. | |
on the EU refereundum, we go to Norway, a European nation | :17:54. | :17:56. | |
that's not part of the EU. It has a unique trade | :17:57. | :18:01. | |
deal with the block. So is this a good deal | :18:02. | :18:04. | |
for the people of Norway? The BBC's special correspondent | :18:05. | :18:11. | |
Allan Little went to find out. The water is the border between | :18:12. | :18:23. | |
Sweden and Norway, the edge of the European Union. You can drive | :18:24. | :18:26. | |
straight across it without even noticing. When you cross this | :18:27. | :18:31. | |
bridge, you are leaving the EU, but you don't have to show your | :18:32. | :18:34. | |
passport. There is nobody to show it to, even if you wanted to. | :18:35. | :18:42. | |
Norway may not be in the EU, but it is part of an area which means | :18:43. | :18:51. | |
anyone can come from the EU and live and work here. 16% of Norway's | :18:52. | :18:56. | |
population are migrants and they are entitled to the same welfare | :18:57. | :19:02. | |
benefits as Norwegians. Norwegians rejected EU membership in | :19:03. | :19:07. | |
referendums in 1972 and 1994. We had a lot of scaremongering, losing | :19:08. | :19:15. | |
jobs. They said we will lose 100,000 jobs by standing outside the EU, but | :19:16. | :19:19. | |
every single day since has shown this was false. Industries here have | :19:20. | :19:30. | |
been a success and we sell our goods to a lot of countries. Nothing | :19:31. | :19:36. | |
expresses Norway's Independence character more eloquently than its | :19:37. | :19:39. | |
relationship with the sea. Norwegians have sought to protect | :19:40. | :19:44. | |
their fisheries from EU competition after oil and gas, this is the | :19:45. | :19:47. | |
country's last battled against industry. But staying out of the EU | :19:48. | :19:52. | |
means this salmon processing company has to pay a tariff to sell its | :19:53. | :19:59. | |
products in EU countries. We have turrets on smoked salmon. It's only | :20:00. | :20:04. | |
things that is a price worth paying. I have been very constant in my | :20:05. | :20:08. | |
belief that we should stay outside. It is like saying, you know what you | :20:09. | :20:11. | |
have, but you don't know what you get. I live by that. But the world | :20:12. | :20:23. | |
is changing around Norway. Despite its global reputation for quality | :20:24. | :20:29. | |
and efficiency, Norway is facing growing competition from Poland. | :20:30. | :20:31. | |
Similar fish products can be made their more cheaply, and sold without | :20:32. | :20:38. | |
import tariffs. Here at Norway's parliament, the political elite, | :20:39. | :20:43. | |
unlike the people, have tended to favour EU membership. Most of the | :20:44. | :20:48. | |
laws and directives issued by Brussels get ratified by this | :20:49. | :20:51. | |
parliament anyway. Norway has to fall in line with EU law, even | :20:52. | :20:54. | |
though it is not allowed in the room when that law is made. Politicians | :20:55. | :20:59. | |
here call that integration without representation. One foreign policy | :21:00. | :21:03. | |
analyst here told me that every chicken, pig and fish in Norway is a | :21:04. | :21:07. | |
member of the EU, they just don't know it. We are closely integrated | :21:08. | :21:12. | |
into the markets, but we have lost part of the serenity through the | :21:13. | :21:18. | |
regulations. Would it be advantageous to Norway to be a | :21:19. | :21:22. | |
member, to have a seat at the table? I believe that, but I am in a | :21:23. | :21:27. | |
minority today. For people who are market orientated, who we believe | :21:28. | :21:32. | |
that grow who believe we should have more in the economic development of | :21:33. | :21:37. | |
the world, being outside the EU has always been difficult. Norway may | :21:38. | :21:43. | |
have stayed out, but the EU has exerted its gravitational pull here | :21:44. | :21:46. | |
and drawn this country into the orbit of European integration all | :21:47. | :21:47. | |
the same. Let's find out some of our other | :21:48. | :21:58. | |
stories making the media. Jeremy is back. Let's talk about the story | :21:59. | :22:05. | |
that developed overnight, which is online. Not a physical newspapers, | :22:06. | :22:10. | |
but the fact that Donald Trump one Nevada he wasn't expecting to win. | :22:11. | :22:14. | |
It was a resounding victory for the Republican nominee for the White | :22:15. | :22:18. | |
House job. Quite astonishing. The momentum he has at the moment. It | :22:19. | :22:23. | |
is, and the momentum looks to be increasingly unstoppable. We are -- | :22:24. | :22:30. | |
we still have super Tuesday to come next week. Because he is looking to | :22:31. | :22:34. | |
be well set in those states that are voting next week, he looks to be | :22:35. | :22:38. | |
moving towards that sort of winning post, as far as the delegates are | :22:39. | :22:41. | |
concerned. It looks increasingly likely, however, and however | :22:42. | :22:47. | |
surprising this may be, that he looks to be set fair for the | :22:48. | :22:51. | |
Republican nominee. I'm quoting here. Mr Trump, number one with | :22:52. | :22:56. | |
Hispanics. I'm really happy about that. Before he puts the wall and | :22:57. | :23:00. | |
won't allow anyone more in. He is looking to Mexico to pay for | :23:01. | :23:07. | |
the wall. Apart from the wall and apart from a few other things, not | :23:08. | :23:11. | |
allowing Muslims into the country, except, do we know anything about | :23:12. | :23:16. | |
his economic stands? This is the thing. There is still a huge element | :23:17. | :23:20. | |
of gaps in terms of the political process. The two maverick candidates | :23:21. | :23:24. | |
on both sides of the agenda, both Republicans and Democrats, in terms | :23:25. | :23:31. | |
of Sanders and John, both have a lot of issues to deal with in terms of | :23:32. | :23:38. | |
their microeconomic platforms. Neither have been investigated by | :23:39. | :23:41. | |
the voters. That would be interesting, because we have had | :23:42. | :23:44. | |
these enormous sound bite election process is undergoing and, as we | :23:45. | :23:50. | |
say, we know about Trump's siren calls for the wall about | :23:51. | :23:53. | |
immigration, but beyond that, there are huge issues to be clarified. I | :23:54. | :23:57. | |
think that will be the interesting point as we move closer to the | :23:58. | :24:04. | |
Republican delegation process reaching its conclusion, as to | :24:05. | :24:08. | |
whether these issues are going to be put into the focus. This time next | :24:09. | :24:12. | |
week, we will have the results from super Tuesday. That will help | :24:13. | :24:16. | |
clarify. A story in the Financial Times, which we have already | :24:17. | :24:24. | |
mentioned,. This is absolutely harrowing story, that is not having | :24:25. | :24:29. | |
much attention in the media. Partly probably because of where it has | :24:30. | :24:35. | |
happened. Apart, yes. People died, and it was in the investigations are | :24:36. | :24:37. | |
underway and is now people are being. The environmental backwash of | :24:38. | :24:45. | |
this process are hideous beyond the ramifications of the immediate death | :24:46. | :24:48. | |
of 17 people. We are talking about a disaster scenario that has happened | :24:49. | :24:52. | |
here. You're right that it hasn't had the focus that it perhaps | :24:53. | :24:55. | |
deserves, and in a sense that is partly due to the geographical | :24:56. | :25:00. | |
issue. It also just underlines the concern that there are, in terms of | :25:01. | :25:03. | |
relation to the building of dams and the maintenance of those dams, | :25:04. | :25:06. | |
because you've you don't maintain them, you create these seismic risk | :25:07. | :25:13. | |
factors for the local populations, and that is reflected here. You can | :25:14. | :25:17. | |
look at some other dams globally which are also in very dangerous | :25:18. | :25:22. | |
scenarios. It just underlines the human risks of the man-made process | :25:23. | :25:28. | |
and now they are being seen as reflected in terms of the corporate | :25:29. | :25:34. | |
pressure being put on the executives who are behind the process. We won't | :25:35. | :25:38. | |
get time, we only have about 15 seconds. Paramount is a struggle | :25:39. | :25:47. | |
because of its lacklustre filming. It is the end of the game. We will | :25:48. | :25:51. | |
talk about that in detail at the end of the day. Thank you for coming in. | :25:52. | :25:54. | |
It has been great to have you on the programme. | :25:55. | :25:55. | |
There will be more business news throughout the day on the BBC Live | :25:56. | :26:00. | |
webpage and on World Business Report. | :26:01. | :26:01. | |
Good morning. We are suddenly in the deep freeze this morning. | :26:02. | :26:14. | |
Temperature is widely below freezing right the way across the country and | :26:15. | :26:19. | |
the coldest spots managed to get down as low as minus seven Celsius | :26:20. | :26:22. | |
in the likes | :26:23. | :26:23. |