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Ryan, thank you. We are here at the conference in berlin. We are talking tech, the internet of things, connected homes. Manus, we have your Christmas Present picked out. It is a robotic vacuum cleaner. It will clean your living room. We will be looking at all these things, how expensive they are, and the future of tech. Glad to know you are buying me a Christmas Present. Equity markets are underway. Lets talk to Caroline Hyde in terms of the morning after the day before. We are just one minute into thee and stocks, of course euphoria of yesterday turning a little bit more cautious. Roubini cal...

Due to significantly increased demand, Bosch has invested heavily in expanding its European heat-pump development and manufacturing network since 2018. To keep the ramp-up of heat pumps running at the required speed, Bosch intends to step up its investments.

Bosch has announced plans to build its first heat pump factory in Dobromierz, Poland. The German heating manufacturer will invest €225 million ($247.3 million) in the new facility, which is expected to start operations in early 2026.

The Bosch Group will next year commence construction on a new €255m (£224m) heat pump manufacturing site in Poland.  Construction of the Dobromierz site,