a body blow for body shop. the company's uk operation looks set to appoint administrators. us stock markets hit record highs. we'll find why and what it means for the world's biggest economy. welcome to world business report. it was once a a magnet for shoppers looking for ethical beauty products on the high street. now, body shop's uk operation looks set to appoint administrators. that could mean shops closing and jobs being lost. it comes after body shop's new owner sold most of the operation in europe and asia. at the start of the year, body shop operated 3,000 stores in 70 countries. let's chat to retail

analyst mark pilkington. what has gone wrong? body shop was originally a what has gone wrong? body shop was originally a campaigning _ what has gone wrong? body shop was originally a campaigning brand - what has gone wrong? body shop was originally a campaigning brand led - originally a campaigning brand led by people who believed in changing the world,, anita roddick used to say that what mattered to her most was the campaign in the anti—protein, the global issues, environmental, women's issues etc. and that the brand was almost secondary to her political position. that is what drove the growth, ed one generation of hearts in the 70s and 80s and 90s. and then she sold it off to the old enemy, l'0real, and l'0real never understood the brand, they tried to premium as it

by adding 20 packaging to the products, which of course was the whole point that you avoided having that —— fancy packaging. that is when it went wrong. after 2007. and then i think since then it was almost too late in the process to turnit almost too late in the process to turn it around. that space has become crafty now, everyone has an ethical play these days. it doesn't really stand out any more. in ethical play these days. it doesn't really stand out any more. in other words, it really stand out any more. in other words. it is — really stand out any more. in other words, it is sort _ really stand out any more. in other words, it is sort of— really stand out any more. in other words, it is sort of a _ really stand out any more. in other words, it is sort of a victim - really stand out any more. in other words, it is sort of a victim of - really stand out any more. in other words, it is sort of a victim of its i words, it is sort of a victim of its own success in raising the ethical flag which so many of us have taken up? flag which so many of us have taken u . ? , , ~' , . ., up? yes, i still think they could have pursued — up? yes, i still think they could have pursued an _ up? yes, i still think they could have pursued an original- up? yes, i still think they could have pursued an original and i up? yes, i still think they could l have pursued an original and the best strategy, we invented theirs, and we're still the best at it, still the one term is passionate about it. but the people who owned it didn't share that fire in the for political causes that anita roddick had. 50 political causes that anita roddick had. ,, ., ., political causes that anita roddick had. ., ., ., had. so it felt more corporate than oraanic. had. so it felt more corporate than organic one _ had. so it felt more corporate than organic. one thing _

had. so it felt more corporate than organic. one thing i _ had. so it felt more corporate than organic. one thing i wanted - had. so it felt more corporate than organic. one thing i wanted ask, . organic. one thing i wanted ask, what is the impact going to be on jobs and shops around the uk and the globe? the jobs and shops around the uk and the lobe? ~' , a jobs and shops around the uk and the lobe? ~' “y ., , jobs and shops around the uk and the lobe? ~ ., ., globe? the bankruptcy only affects the uk business. _ globe? the bankruptcy only affects the uk business. the _ globe? the bankruptcy only affects the uk business. the effect - globe? the bankruptcy only affects i the uk business. the effect probably will be pretty substantial. as you are probably aware we are in the middle of a slow rolling retail apocalypse which had been going on since 2017 and was exacerbated by covid. many of the right high street names have disappeared but all their stores. so it is quite possible that a large chunk of the uk stores will get closed. it is even possible they will all be closed and it will continue as an online only business, which is what has happened to a lot of big retail brands.— of big retail brands. thank you for “oininu of big retail brands. thank you for joining us- — to the us now, where investors are hoping that markets are going to continue their record—breaking streak. last week share prices in the us climbed to a two—year high and the s&p hit an all—time record. so what's driving this? erin delmore has more from new york.

the us stock market is on a hot streak. the s&p 500 has notched multiple record closes since the start of the new year, and even closed above the 5,000 mark for the first time ever on friday — that's after flirting with that numberfor days. the dow has also notched some record highs, and you can bet the nasdaq is up, as well. now, there are a few reasons why the us stock market is powering ahead. 0ne — it's earnings season, and a bunch of prominent companies have shown higher—than—expected earnings. two — the tech sector, especially powered by enthusiasm over artificial intelligence. it's true for some of the biggest names in the industry like amazon, alphabet, apple, nvidia, microsoft and meta. three — a blockbuster jobs report injanuary showed 353,000 jobs added, and unemployment staying at 3.7%. that's on par with historic lows, and that's great for the economy. what's also great is falling inflation — that would allow the fed to cut

interest rates, which would allow already strong companies to borrow more cheaply. now, all of this sounds like a virtuous cycle, and investors are wondering how long it can go on for, and how high it can take markets. but what we don't know are the unknowns that could bring markets back down to reality. and to get more on this, i'm nowjoined by our north america business correspondent michelle fleury. how long can this surge go on for? i think that is what every woman wants to know. right now the big game in las vegas, the super bowl is over but investors have on the sidelines and the reason for that is they are waiting for big pieces of data out of the us this week. just mentioned was a key piece of the puzzle, inflation, we get consumer price

index information from the commerce department on tuesday and then the producers prices index, investors are looking to see what it means by the federal reserve. what that data shows in terms of the timing of a new rate decrease going forward this year. new rate decrease going forward this ear. ., new rate decrease going forward this ear. . , , , , year. one thing that seems slightly counterintuitive _ year. one thing that seems slightly counterintuitive is _ year. one thing that seems slightly counterintuitive is the _ year. one thing that seems slightly counterintuitive is the headlines. i counterintuitive is the headlines. is about geopolitical tension and the admittedly very long run—up to the admittedly very long run—up to the us election. how come investors are still so optimistic? i the us election. how come investors are still so optimistic?— are still so optimistic? i think it noes are still so optimistic? i think it goes back _ are still so optimistic? i think it goes back to — are still so optimistic? i think it goes back to the _ are still so optimistic? i think it goes back to the data. - are still so optimistic? i think it goes back to the data. we - are still so optimistic? i think it goes back to the data. we have are still so optimistic? i think it - goes back to the data. we have had this inflation figures showing that it is starting to ease, the jobs market remaining remarkably resilient, so it is the fact that the duquesa economy continues to show such strength in the face of those geopolitical intentions —— us economy. that is what is giving investors hope. and all of this

whilst we are in the middle of earnings season, this week will hear from the likes of coca—cola and aero b&b, so we will get more evidence of the resilience and strength of the us consumer. bill the resilience and strength of the us consumer-— us consumer. all about the data. thank yon _ when it comes to education, stability, security and consistency are absolutely key. but armed conflicts and the ravages of covid mean that millions of kids around the world are missing out on formal learning. even in high—income 0ecd countries, less than 1% of economic output is spent on early childhood education. that's according to the charity, theirworld. it's run by sarah brown — the chair of the global business coalition and wife of the former british prime minister gordon brown. she told my colleague sally bundock what she's hoping to achieve.

so when we set up theirworld, we were really focused on what we could do to impact on what we see as a global education crisis, of trying to get the millions of children around the world places in school, because it opens up so many different changes and opportunities for them. but also, if you're part of the corporate sector, those are your future customers, those are your future employees, that's your future stakeholders. so it's quite an easy conversation to start with the business community. but also the other thing we've said at theirworld is, you know, what we need to do is to come together — we realise that government can't solve the education crisis on its own, civil society can't do it on its own. but if we can do it together and bring in the private sector, then we need to work together. and so that's why we set up the global business coalition for education ten years ago, and that's where those companies have come on board. but how do you decide where to invest? because, as you know, we are all keenly aware there is so many crises around the world currently, and often children are huge victims, and education can get pushed to one side.

so where do you know where to invest your money? well, education does get pushed to one side, and particularly where there's a crisis. and that crisis can be conflict, but we're also increasingly seeing climate crisis impacting on children and education. so the fact is, you're choosing everywhere — everywhere there's need is where you're choosing to act. and as a, you know, medium—sized ngo in the middle, that's why those partnerships are all—important. so ukraine is a good example of how different partners came together. you know, as the war�*s unfolded, many, many children have been displaced from their schooling. so we were able to move quite quickly, talk to our business coalition, ask who could help in different ways. and hp came forward saying they could provide laptops that they had in their warehouses, microsoft said they would provide the software. we engage with other partners for the transport and logistics. talked to the ukrainian government, worked out what they wanted — because they know where children would be, where they'd

have had to flee to. and, you know, in the last year, we've distributed 70,000 laptops into the hands of children and teachers for learning. and we know, by connecting with local ngos, putting it in the hands of people, tracking where they're going, that those laptops are now reaching 1.5 million children learning. what is the biggest challenge for you? the biggest challenge for theirworld as we're looking at it is, what we can do that actually makes a difference? we know that education can get pushed to one side, that it's not taken seriously. but we would argue really strongly that education will be the key to unlocking, you know, the future and hopes of those children, the opportunities that they have. but also it's a way into all those other united nations sustainable goals. if we want to address a health crisis or an environment crisis or, you know, water sanitation, gender equality — any of those big challenges the world faces — it will be educated children

becoming educated adults who are going to have the school, skills and tools available to be able to go out there and make that difference in the world. so the challenge for us is persuading world leaders to step up and unlock the political will to all those countries wanting to step forward and invest in education. and a really big push we'd like to see is around the early years — so little is put into early years, but makes such a profound difference. so the 0—to—five—year—olds getting that chance early on when the brain's developing, and we really want to see the g20 step up. you know, brazil has done a lot inside the country on early years. there was a promise from the g20 in 2018 to do more for early years, and the pandemic pushed that to one side. but we're hopeful that this year we could see that coming back on the table with a lot more investment.

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hello from the bbc sport centre. the parties probably still going in las vegas. it's the biggest match in american sport, and this year's super bowl was even bigger as more than 100 million are thought to have watched the kansas city chiefs beat the san francisco 49ers in overtime to win their third super bowl in five years. a last—gasp field goal by the chiefs made it 19—19 to send the game into overtime, and — although the 49ers edged back in front — patrick mahomes' touchdown pass to mecole hardman to make it 25—22 to defending champions kansas city, who cemented their status as the first nfl dynasty since the new england patriots. the night was made even bigger by the prescence of taylor swift.

the singer was supporting her boyfriend travis kelce — the