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Good morning from the Financial Times. Today is Friday, March 1st, and this is your

FT news briefing. We have a show for you today about all the things that move us. Literally we're talking

about cars like Toyota's bed on hybrids. So Toyota's share prices almost doubled

in the last 12 months as people suddenly realize, huh, maybe they were right all along.

And also something a little faster than hybrids.

Formula One from facing existential crisis in the pandemic, they come out flying because there's all this pent-up demand for live events, yes, but also their product.

I'm Mark Filipino, and here's the news you need to start your day. Rishi Sunak's plan to send UK asylum seekers to Rwanda could cost the country at least

580 million pounds by the end of the decade.

If it gets approved, that is.

The Prime Minister is pushing legislation through Parliament

that will declare Rwanda a safe country for asylum seekers.

The 580 million pound estimate which comes from the National Audit Office

is the first complete breakdown of costs. It includes eight payments to Rwanda of

up to 500 million pounds plus another 80 million in operating and set up costs.

The plan has been heavily criticized by charities, rights groups, and opposition MPs.

The price tag is not expected to help with that,

and Sunac's proposal will probably hit a bunch of legal hurdles in the UK as well as in

international courts.

Toyota was absolutely slammed by critics for pouring money into hybrids

instead of focusing on fully electric cars. But the Japanese company's hybrid models have been a massive success. So it seems

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