hello. i'm sally bundock with the top business stories. and we start with the microchip giant taiwan semiconductor manufacturing company, or tsmc as it's also known. it has agreed to build a third factory in arizona, raising its total investment in the united states to $65 billion. the us government has committed a tenth of that figure in subsidies and a further $5 billion in possible loans to support the plans. the deal is part of an effort to boost semiconductor production in the us. the us is currently highly dependent on asia, especially taiwan, for chips. but it has been pushing to expand local supply amid increased tensions with china, citing economic and national security risks.

let's cross live to our asia business hub and our correspondent there suranjana tewari. what's the backdrop to this announcement? tell us about this relationship thatis tell us about this relationship that is getting stronger and stronger. figs that is getting stronger and stronuer. �* , ., stronger. as you mentioned, sall , stronger. as you mentioned, sally. the — stronger. as you mentioned, sally. the us _ stronger. as you mentioned, sally, the us is _ stronger. as you mentioned, sally, the us is very - stronger. as you mentioned, sally, the us is very reliant l sally, the us is very reliant on asia for the manufacture of semiconductors, especially taiwan, and that is a problem because it is a huge growth market and it keeps jobs away from the us, but there are also geopolitical risks, much of the production of advanced semiconductors especially are in taiwan, those chips we use in taiwan, those chips we use in our phones, computers, our cars, and the problem is china claims taiwan as its own and it wants to be unified with the mainland by force if necessary. by mainland by force if necessary. by one of the course sees itself as distinct from the mainland —— taiwan. that is why the us wants to onshore the

manufacture of semiconductors. it has brought in legislation, and it is giving benefits and incentives to foreign companies like tsmc that have the know—how. although tsmc has agreed to build a third in arizona, the us commerce department as you mention is funding $6.6 billion and offering another $5 billion in loans. so that is what everyone is saying in the us commerce department of course is supporting that announcement as well. janet yellen�*s been in china to smooth some feathers in that sino—us relationship. give us the latest on that. she was there _ give us the latest on that. she was there for _ give us the latest on that. she was there for four _ give us the latest on that. file: was there for four days. give us the latest on that. 5ie: was there for four days. it is described as a charm offensive, it is her second visit in nine months and possibly her last as the treasury secretary as the upcoming us elections. she used the visits to men made

high—ranking officials but didn't insert words while she was there. she warned china against overcapacity in its manufacturing sector, saying it was producing too many batteries, ev solar panels in order to meet demands domestically. she said that destroys us jobs because of the flood of chinese import. china was not happy with those comments with officials saying that the us is being protectionist and that the focus from the us and europe was misguided. all in all, though, she did say that the china us relationship was important and that both sides were willing to work together. of course china's element of semiconductors continues to be a concern for the us and it has taken many apps to block its progress, so it is interesting timing that that tsmc announcement came while ms yellen was on the trip to china where there were many smiles, but also, some sharp words. fik.

but also, some sharp words. 0k. thank you _ but also, some sharp words. 0k. thank you very — but also, some sharp words. 0k. thank you very much. joining me now is malcolm penn, chairman and chief executive of future horizons. welcome to the programme. give us your take on this growing partnership between taiwan and the us when it comes to chip manufacturing.— the us when it comes to chip manufacturing. you think this is a third of— manufacturing. you think this is a third of these _ is a third of these announcements, we have had one in 2022 and another one last year and now this one, and so what it really shows i think is that there is this genuine commitment now, we have moved from the announcement of the engagement if you wish to the fact that they have now really announced their marriage, because once you build the first factory, anybody can do that, you can get the investment, but number two and number three shows that this is now taking real roots, it is a commitment into the future. i think coupled with the fact that they have also said that this will be using their most advanced technology, and that is another extension that is real commitment because the first factory was like two

generations old, the second factory one generation older this one is right there. for tsmc�*s most important customers, which apple is probably number one, this is a real commitment to the future. it puts the us on the map in a very firm way when it comes to chip supplier as it were also what does it mean for the rest of the world? does it mean for for example? —— what does it mean for europe for example? it looks like we have lost communications with malcolm. which is a shame. now to ireland, where the new fine gael leader simon harris is to face a vote later in the dail — or irish parliament — to become the country's next taoiseach. the change in leadership follows the abrupt and surprising resignation of his predecessor leo varadkar last month for undisclosed personal reasons.

so what economic challenges will mr harris face in the year or more ahead of ireland's general election? david higgins is chief economist at carraighill. david, a big day for ireland. it has been quite a tumultuous few months since leo varadkar announced his resignation. talk us through this change. goad us through this change. good morning- _ us through this change. good morning. yes, _ us through this change. good morning. yes, leo _ us through this change. good morning. yes, leo varadkar. us through this change. good | morning. yes, leo varadkar is standing down, having previously been elected, becoming the youngest taoiseach in ireland. simon harris will take over, hitting that record at 37 years old. leo varadkar�*s time leading —— leaving office. it has been difficult. so much of that has been the backdrop of that has been the backdrop of sinn fein rising as a political force of sinn fein rising as a politicalforce in of sinn fein rising as a political force in ireland. of sinn fein rising as a politicalforce in ireland. as simon harris begins to take

over, the key issue that has arisen within the fine gael party, i should say fine gael is part of a three party coalition in ireland, within that party, there has been a big debate around, for example, business costs. simon harris coming in, as taoiseach, he has met with business representatives and has started to make a real catch in his messaging towards small businesses and how the government can support them —— a real pitch. what businesses are saying and what he can do to alleviate that, businesses and ireland have been talking about a triple whammy about things coming their way now and over the coming way. one is higher minimum wage, higher employment contributions and higher sick pay entitlement that workers would have. what harris has now pledged to do is defer any increase in sick pay entitlement and there is talk of a round a 70 million euros

package, which may come in and may support some businesses so if you are paying higher wage, you may get some tax offsets on the other side of your costs to help alleviate that.— help alleviate that. ireland will more _ help alleviate that. ireland will more than _ help alleviate that. ireland will more than likely - help alleviate that. ireland will more than likely have | help alleviate that. ireland i will more than likely have the election next year, so that will no doubt be on everybody�*s minds in terms of what they say and what they promise. with that in mind, the business lobby, how strong is it won an election is coming up? the business — election is coming up? the business lobby _ election is coming up? the business lobby in - election is coming up? tue: business lobby in ireland election is coming up? tt2 business lobby in ireland is struggling for the fact that we now have a much higher awareness of workers' rights, particularly coming out of the pandemic, at a time of full employment. it is remarkable that a fine gael government which includes another party in a green party, but the drive towards these higher minimum wages has come from fine gael over its 13 year in government. i have lost count of the number

of times a minimum wage has gone up during the lifetime of that party being in government. really, the issues that are going to dominate when it comes to the next election is going to the next election is going to be housing stock housing is the kind of big issue for younger people in ireland. fine gael and the other centre parties of government are the last support to sinn fein on the opposition side. what polling has done on young people, bowling will show 40, 50% support for sinn fein and that fine gael party which is on 20% overall can be as low as ten amongst younger people, perhaps similar to what you see in the uk following where the conservative party tends to be higher amongst the older people and young people swing quite hard for labour. there is a pitch by simon harris to address that. he said on the weekend that they would build 250,000 homes over the next

five year term if he is re—elected. that would be around 50,000 homes per year, but that is an increase from the current rate of around 30,000, so to get that, he would have to raise the building level to around 50,000, but actually then exceed some of that so the average over the five year term would be 250,000. taste average over the five year term would be 250,000.— would be 250,000. we have to leave it there, _ would be 250,000. we have to leave it there, but _ would be 250,000. we have to leave it there, but thank - would be 250,000. we have to leave it there, but thank you i leave it there, but thank you for talking to us about the challenges and ireland currently. thank you. let's get some of the day's other news now. 27 people have gone on trial in connection with the panama papers scandal. the affair, which began with a huge leak of documents eight years ago, highlighted how tax havens have been used by the rich and powerful to hide their wealth. among those on trial in panama city arejurgen mossack and ramon fonseca mora, who founded the law firm at the centre of the scandal. they have been charged with money laundering and could face up to 12 years in prison if found guilty. the leak was unprecedented when it occurred 2016, implicating over

100 politicians, including heads of state or government. tesla has reached an undisclosed settlement in a long—running lawsuit in the us over the death of a former apple engineer involving one of its electric cars. walter huang was killed in 2018 when his car, which was self—driving, veered off a highway in california and collided with a barrier. tesla was accused of overstating the capabilities of its autopilot technology. it settled the lawsuit a day before the case was due to go to trial, avoiding a jury's scrutiny of its technology and its role in the crash. let's talk about the august security alliance. —— the aukus security alliance — which includes australia, the uk and the united states — is considering involving japan in future aspects of its work. pillar two of the alliance involves sharing military technology and cooperation in quantum computing, artificial intelligence

and cyber technology. but according to the australian prime minister, anthony albanese, there is no proposal to expand the membership of aukus and the idea ofjapanese involvement hasn't gone down well with china. translation: we are both relevant countries coming together and creating block confrontations.— confrontations. japan in particular— confrontations. japan in particular should - confrontations. japan in particular should learn l confrontations. japan in - particular should learn from the lessons of history and be cautious in its words and deeds in the field of military security. in the field of military security-— in the field of military security. in the field of military securi . ~ ., ., ., security. we will have more on that story _ security. we will have more on that story a — security. we will have more on that story a little _ security. we will have more on that story a little later. - around the world and across the uk, this is bbc news.

eu countries are committed to achieving climate neutrality by 2050, delivering on the commitments under the paris agreement. the european green deal aims

to make europe climate neutral by 2050, boosting the economy through green technology, creating a sustainable industry and transport sector, and cutting pollution. but some of the policies under the agreement have already been altered after protests from some sectors who argue the targets are too ambitious. let's discuss this with gwenaelle avice huet, executive vice president of european operations at schneider electric, a company that specialises in energy management and automation. great to talk to you. just talk us through these ambitious targets. 2050, there is a lot to try and achieve in quite a short place of time. your take on that? , , , ., on that? yes, well, beyond 2050, the _ on that? yes, well, beyond 2050, the objections - on that? yes, well, beyond 2050, the objections are i on that? yes, well, beyond 2050, the objections are to have more momentum, so hence

there is a target greenhouse gas emissions by 2030 to be able to reach 55% reduction, and this translates into targets for energy efficiency by 2030, again, the object is the short term and decarbonisation. ~ . , ., , decarbonisation. what is really critical to achieving _ decarbonisation. what is really critical to achieving any - decarbonisation. what is really critical to achieving any of - critical to achieving any of these targets is everyone working together, it is all about collaboration, whether that be governments, businesses, households, individuals. what are you doing to enable this?— to enable this? yes, great question- _ to enable this? yes, great question- i _ to enable this? yes, great question. ithink_ to enable this? yes, great question. i think it - to enable this? yes, great question. i think it is - to enable this? yes, great question. i think it is howl to enable this? yes, great i question. i think it is how we work with companies, with partners, but also with customers in order to make that happen. the first thing everybody thinks about is renewable energy. i want renewable energy. i want renewable energy. i want renewable energy on my side, sold on my rooftop. this is one

aspect of energy transition. what we are doing is accompanying this development but also the demand side, and this is critical because when it comes to the energy transition across europe, we need the production and to go hand—in—hand, so what we do is very simple, that's keep building in a given building, there is a lot of consumption, responsible for a 40% of the emissions, so we need to tackle buildings. what we are doing this we are deploying numbers of technologies based on automation, energy management in order to reduce consumption in order to reduce consumption in energy buildings. 40% reduction of omission with a return investment over five years, just to give you an example. years, just to give you an example-— years, just to give you an examle. �* . example. are you concerned about the — example. are you concerned about the outlook? - example. are you concerned about the outlook? today i example. are you concerned| about the outlook? today we example. are you concerned - about the outlook? today we are talking about the fact that march was the hottest month on record, ten months in a row

now. scientists are saying we are in a new phase of the climate crisis.— climate crisis. you are absolutely _ climate crisis. you are absolutely right. - climate crisis. you are l absolutely right. things climate crisis. you are - absolutely right. things are accelerating, and when we look more closely, we are far from reaching the targets. that should be a wake—up call looking at renewable energy, for example, last year it was recorded across europe, nevertheless, europe, is a not? in comparison to reach the target that the european union has said, we should be developing at least 37 gigawatts, not 17, but 37. it is showcasing that we are far away from reaching the targets, hence we need to accelerate, otherwise big targets, they will not translate into the real action that we need. tqm. real action that we need. 0k, thank you _ real action that we need. 0k, thank you for _ real action that we need. 0k, thank you forjoining - real action that we need. 0k, thank you forjoining us.

we were talking about the aukus security alliance moments ago, which includes australia, the uk and united states, considering involving japan. axel rudolph is a senior market analyst at ig group. good morning. so this is a security alliance, it encapsulates all sorts of technology, military technology, military technology, why would they want to includejapan? what is the thinking here? to include japan? what is the thinking here?— to include japan? what is the thinking here? good morning. first of all. — thinking here? good morning. first of all, it _ thinking here? good morning. first of all, it is _ thinking here? good morning. first of all, it is a _ thinking here? good morning. first of all, it is a second - first of all, it is a second stage circular to the security package in the united states and united kingdom and australia, and the first aid was back in 2021 when those three countries decided to supply australia with the nuclear power attack submarines, and the second stage basically will probably involve japan if we can prove that it can protect the technology and also the sensitive data surrounding the

security pact, and the reason is to defer basically china from expanding in the asia—pacific region. and obviously japan asia—pacific region. and obviouslyjapan is on asia—pacific region. and obviously japan is on the forefront geographically speaking within that region being quite close to china. what do you think this will do in terms of the geopolitics surrounding this? we have already mentioned the fact that chinese is not happy about this development. we were talking earlier in the programme as well about taiwan's huge investment in the united states and chip manufacturing, etc. there is a lot going on in terms of the us and it involvement around what is happening in china.- happening in china. there certainly _ happening in china. there certainly is, _ happening in china. there certainly is, but _ happening in china. there certainly is, but for - happening in china. there certainly is, but for the i happening in china. there. certainly is, but for the last two years, hence this past progression with regards to the second stage of this act, is it notjust second stage of this act, is it not just the second stage of this act, is it notjust the us, but also, other countries are worried about an expansion by china globally and notjust in the asia—pacific region, but if

there were to be a conflict, it would probably start there. from that point of view, it makes sense to includejapan, for example. makes sense to include japan, for example-— for example. thank you again for example. thank you again forjoining _ for example. thank you again forjoining us. _ for example. thank you again forjoining us. i— for example. thank you again forjoining us. i am _ for example. thank you again forjoining us. i am glad - for example. thank you again forjoining us. i am glad we i forjoining us. i am glad we could establish the link. thank you. let's go to south korea now, where in recent months, commuters in the capital, seoul, have been riding the world's first driverless night bus. while self—driving taxis are slowly becoming more common in certain parts of the world, autonomous public transport in city centres is virtually unheard of. but is it all it's cracked up to be? nic marsh took a late—night ride on the streets of seoul. midnight in seoul. and there's $1 million worth of technology cruising the streets. automated voice: welcome aboard the autonomous bus. this is one of the world's first driverless buses to get a public route through a major city. have we started? yeah, it's exactly the same. it's like a normal bus ride. the driver is not driving. the driver's not touching the steering wheel.

no, not at all. there are some caveats. it's a night bus. you have to wear a seatbelt. and technically, there is a driver sitting behind the wheel just in case anything goes wrong. the funny thing is, i thought that seeing that would panic me, but it doesn't. there's been a couple of moments when he's had to take control of the wheel. but by and large, this is as smooth as any regular bus that you'll take. it's only a start, but the buses creators say that it's the perfect solution to solve transport issues. translation: there are fewer people - who want to drive buses, especially at night. so we hope these cars will fill the void. one day, we won't need anyone at all to operate this bus. do you see, one day, every bus being autonomous like this? translation: of course, it will change _ and it has to change.

these late—night travellers seem to enjoy themselves. since there's also a bus driver sitting at the front, i feel a little bit more safe. translation: it's a late-night bus, so it can ease the burden| on the bus drivers. south korea is one of only a handful of countries to allow autonomous vehicles on its roads. and it's already spent hundreds of millions of dollars to advance the technology. but as i found out... be careful. ..it�*s still a long way from being perfect. the view that autonomous cars are our future is sheer science fiction and nonsense. on the street, we have dogs, children, weather, and technology hasn't yet sorted all of that out. that may never, ever be solved. south korea is showing that driverless public transport does work, but only

in limited circumstances and at considerable cost. if this is an infrastructure that will make cities more efficient, then there's still a long road ahead. nic marsh, bbc news, seoul. across north america, millions of people stopped everything on monday to view the total solar eclipse, with some travelling for days, creating a boon for businesses and tourism along what's known as the "path of totality". our north america business correspondent erin delmore reports. as the sun, moon and earth aligned, eclipse watchers shelled out and businesses cashed in. this year's total solar eclipse could deliver a $6 billion boost to the us economy. that is more than taylor swift's eras tour, and more than four times what the last super bowl brought in. daytime darkness stretched from mexico's pacific coast all the way to the eastern edge of canada, sweeping 14 us states

from texas to maine. some estimated 4 million people in the us travelled to view it, sending demand for hotels, resorts and campgrounds through the roof. airbnb reported a 1,000% surge in demand in prime eclipse—watching cities, and more than 30 million people already live in the path of totality. so, small businesses on the path seized on a major marketing event, offering eclipse—themed t—shirts, doughnuts and ornaments for sales. cities staged watch parties and festivals, major airlines offered eclipse viewing flights. and nearly everyone scrambled to get their hands on speciality safety glasses. the eclipse tourism burst is the latest show of how travel has rebounded post—pandemic and how people are willing to spend big on new experiences. we won't see an eclipse like this in the us again for two decades. that was erin delmore reporting there from new york city. talking about the eclipse. did you see it? did you go and get

photos? send them to us here at the bbc. if you are watching us on bbc one, you canjoin breakfast shortly. hello. monday was quite a quiet day of weather, really. we had some sunny spells breaking through the cloud, for example, here in cambridgeshire. and across large parts of england, it was a warm day for april, with temperatures topping out at 19 degrees celsius at kew in london. these temperatures are around 5 or 6 degrees above average. it's going to be a much cooler kind of day for tuesday. not just cooler, it's going to be wet and windy for many as well. the change is down to an area of low pressure. this area of cloud you can see swirling to the southwest of the uk and that's essentially pushing northwards and eastwards over the next 12 hours. we already have quite a bit of rain with us at the moment and the rain across northern ireland and scotland could be heavy enough to cause some localised flooding.

20—40mm of rain, not a huge amount in the grand scheme of things, however, edinburgh, for example, has already had over 1.5 times the april average rainfall, even though we're onlyjust over a week into the new month. so this extra rainfall could be enough to cause some localised flooding. the weather will tend to brighten up from the west as we go through the day. sunshine and showers follow our main band of rain through. it's also going to be a windy, gusty kind of day. particularly for england and wales, gusts widely running into the 40s of miles a hour, but could reach around 50 or 60mph around some coastal areas, with the rain reluctant to clear away from eastern scotland and parts of northeast england. our temperatures are about 10 to 12 degrees for most. now, that will clear through and we're left with some colder air as we head into the first part of wednesday. potentially chilly enough to give an odd nip of frost for the early part of wednesday morning. should be a fine start to the day with sunshine. then it clouds over with the next weather system moving in from the west, bringing more rain. now, even as the rain pushes through across wales and southwest england, it probably will stay rather cloudy,

the weather that follows. however, it will start to turn a bit milder again with southwesterly winds, temperatures around 13—15 degrees. and that warming trend continues as we head into thursday. again, we've got southwesterly winds with us, but this time, after a cloudy start, the clouds should tend to thin and break up and we'll see some spells of sunshine coming through quite widely. yeah, there'll be a few showers for the north and west of scotland, but otherwise, it's mostly dry. and those temperatures — 17 for aberdeen, 17 for belfast, but highs could reach around 19 or 20 across parts of eastern england. it stays pretty mild then towards wales and england as we head into the weekend. temperatures could reach the low 20s for some.

good morning. welcome to breakfast with sally nugent and jon kay. our headlines today... police have carried out a number of raids in the hunt for habibur masum, after a woman was stabbed to death in bradford. the next stage of the inquiry into the post office scandal gets under way. the campaigner who inspired the tv drama, alan bates, is due to give evidence.

that is so beautiful! oh, my goodness. a spectacular celestial show. millions of people across america witness a total eclipse of the sun. car—tortion — it's a thing. as ca rs as cars get bigger and car spaces don't, we have found ourselves crawling out of the boot. we

ta ke take a look. it's crunch time in the champions league. arsenal face bayern munich whilst manchester city take on real madrid as the quarter finals get under way tonight. a wet start to the day for many. gail is in the south—west. the rain will push east. the wind will develop more widely. it will brighten up in the west. more details later on in the programme. it's tuesday the 9th of april. our main story.