company to microsoft, after its sha res fell over 3% on thursday. despite that, the artificial intelligence chip—making powerhouse has seen a remarkable rise in recent years. the bbc�*s north america business correspondent erin delmore takes a look atjust how big the ai giant has become. it's hard to talk about the us stock market gains or the artificial intelligence boom without talking about nvidia. the ai chip giant was named to the king of wall street earlier this week when itjostled its way into the number one spot for most valuable company. to put it swapping market capitalisation in the context, get a load of this — nvidia alone tops the entire stock market value of germany. it also tops the stock market value of france, and the same could be said for the entire stock market value of the uk.

those are some of the world's largest economies. deutsche bank research crunch to the data. nvidia has enjoyed a meteoric rise, adding a full $1 trillion in market cap injust about a month this spring. the firm has been capitalising on the fever around artificial intelligence. the chips made by the company are used to power the company are used to power the ai applications that are in use and in development now — and companies are betting they'll be instrumental in the future. shares of nvidia are up around 170% this year. over 70 million people in the us are under heat alerts this week, with extreme temperatures as high as 41 celsius forecast in some areas. scientists say many extreme weather events are becoming more frequent and intense as a result of climate change — and it's coming at a cost not just to human lives, but also to businesses. i have been speaking with professor illan noy, who suggests that climate change could be costing the world around $16

million per hour. we arejust we are just quantifying the cost of climate change through extreme weather events, and we are quantifying by how much the increasing frequency of weather events that we have more of, therefore we quantify how much these additional wet their events like we had this week —— extreme weather events like we had this week. so the figure you quoted is an underestimate for the full costs of climate change. this isjust for the extreme weather events because they are becoming more frequent. they are becoming more frequent-— they are becoming more frequent. they are becoming more freuuent. �* ., frequent. and would you say it smaller businesses _ frequent. and would you say it smaller businesses are - frequent. and would you say it smaller businesses are more l smaller businesses are more affected than larger ones? and which sectors would you say are most prone?— most prone? definitely smaller businesses _ most prone? definitely smaller businesses are _ most prone? definitely smaller businesses are less _ most prone? definitely smaller businesses are less able - most prone? definitely smaller businesses are less able to - businesses are less able to adapt to the changing circumstances. the weather is changing and we see that the

climate is changing. bigger businesses have more resources that they can tap into when they need to adapt to those changing circumstances. the heatwave is a good example — wealthier businesses could for example install air conditioning, could find a replacement for workers who are staying home because of the heat, and so forth, so they can adapt better. but they are still paying a price — they need to adapt so the cost of adaptation is there, and also some of the things you can't. some people will become sick because of the heat, and you lose labour because of that. so those things, we are not able — big businesses, small businesses — small businesses are much more exposed to. find are much more exposed to. and what needs _ are much more exposed to. and what needs to _ are much more exposed to. and what needs to be _ are much more exposed to. and what needs to be done, and are you seeing steps being taken and that? , , .,

and that? firstly, we need to sto and that? firstly, we need to step climate _ and that? firstly, we need to stop climate change, - and that? firstly, we need to stop climate change, so - and that? firstly, we need to stop climate change, so we l and that? firstly, we need to - stop climate change, so we need to solve the climate from continuing to change, meaning we need to reduce greenhouse gas emissions. by the more obvious one is we need to adapt to the changing circumstances we are facing right now — and that involves a significant investment in adaptation. in all countries, specifically in those low income countries and small businesses, and so forth, those entities that cannot afford, we need to assist them because otherwise, we will see just more and more economic damages from these events. in other news — chinese car companies have called on their government to hit european union rivals with import taxes of up to 25% if the trading bloc imposes tariffs on vehicles from china, the country's state media has reported. the demand was reportedly made at a closed—door meeting organised by china's ministry of commerce, which was also attended by representatives of european car firms. the measures would target cars from the eu with large petrol driven engines.

all this comes after the eu threatened chinese ev makers with tariffs of up to 38% from the 11th ofjuly. let's turn our attention to india — where the country's startup ecosystem has been suffering a long funding chill. but things could be now turning a corner. the bbc�*s india business correspondent nikhil inamdar has more in this report from mumbai. india's tally of textile values at over $1 billion stands at 67 this year — that's one lesser compared to last year as tech giants dropped off the billionaires club. the future index unicorn... a number of companies expected to hit the $1 billion milestone also were stopped in their track because of the post funding squeeze after covid. but things are

looking much better now for india's start up. international fundin: india's start up. international funding is — india's start up. international funding is still— india's start up. international funding is still slow, - india's start up. international funding is still slow, but - india's start up. international funding is still slow, but that| funding is still slow, but that has been replaced by a lot of interest that comes from and the lack of domestic investors, including chennai and individuals and family officers. they are looking to make investments and start up ecosystems. make investments and start up ecosystems-— ecosystems. know india is exnected _ ecosystems. know india is exnected to _ ecosystems. know india is expected to birth - ecosystems. know india is expected to birth at - ecosystems. know india is expected to birth at leastl ecosystems. know india is - expected to birth at least some 150 unicorns over the next five years, across a wide range of sectors, from fintech to e—commerce, even new areas such e—commerce, even new areas such as e—commerce, even new areas such as artificial intelligence and space technologies. and at least 20 of these soon to be unicorns have been founded by women, with some ten of them by people who are under the age of 30. now these new companies already employ some 150,000 people and saw their revenues jumped some 70% last year to a cumulative $6 billion plus, marking a major contribution to india's fast—growing economy.

nikhil inamdar, bbc news, mumbai. we're at the halfway mark of the year injune — which is also recognised as pride month, dedicated to celebrating lgbtq+ communities around the world. here in asia, thailand made strides towards becoming the first country in south east asia to legalise same—sex marriage earlier this week. the landmark bill is now with the king for final approval. lgbtq individuals play a significant role in driving the thai economy — that's according to manatase the president of thailand privilege card, an official long—term visa programme. you'll make the lg lgbtq+ population is around 6% of the total population, that spending power is around $6 billion us. for example, the recent pride event into a 2k, for example, the recent pride event into a 2a, which was expected to have almost 900,000 peoplejoining —— in 2024, we

also expect that economic spending was around 4 billion baht during the event. you could be — baht during the event. you could be anticipating - baht during the event. you could be anticipating a rush into thailand given the circumstances now — would that make you change that way you operate, in terms of your visa programme, and are there any challenges or work that needs to be done ahead? tile challenges or work that needs to be done ahead?— to be done ahead? tile and privilege — to be done ahead? tile and privilege has _ to be done ahead? tile and privilege has always - to be done ahead? tile and - privilege has always progressed diversity, so we've always accepted legitimate spouses to be considered as the spouse and family when they apply for membership. so this will not change. however, we will continue to add more services to better serve the community. for example, interest services, also clinic, medical treatment, lifestyle and entertainment services. unfortunately we don't have the gsa that specifically serves the lgbtq+

communities, so if there's anyone interested to be our agent to serve the lgbtq+ community. agent to serve the lgbtq+ community-— agent to serve the lgbtq+ communi . ., ., , ., , community. how has the “ourney towards safe * community. how has the journey towards safe assessment - community. how has the journey towards safe assessment dutch i towards safe assessment dutch safe sex leie —— same—sex marriage been? safe sex leie -- same-sex marriage been?— safe sex leie -- same-sex marriage been? with the same sex bill that's _ marriage been? with the same sex bill that's recently - marriage been? with the same sex bill that's recently been - sex bill that's recently been passed, will see the implementation of laws related to the spouse rights, for example, the child adoption, the tax allowance claims, and giving consent — today we see that sexual orientation, thailand is still considered to be the very first country in south asia to pass this bill. south asia to pass this bill. so congratulations to all the lgbtq+ community in thailand and around the world.- and around the world. another cuick and around the world. another quick update- _ in the uk, the central bank has kept the cost of borrowing

rate steady at a 16—year high, at 5.25%. the bank of england's move was widely expected despite the fact that inflation in the uk has now hit 2%, which is the boe�*s target. attention now turns to their policy meeting in august, where analysts are increasingly pricing in an interest rate cut. and that's it for this edition of business today. thanks for watching. stay with us on bbc news, and you can always find more on the website. thanks for watching.

hello, and welcome to sportsday with me, gavin ramjaun. gareth southgate says his england side need to find another level, after their disappointing draw with denmark in the euros. spain secure their spot in the last 16 by beating defending champions italy, in gelsenkirchen.

and india demonstate their title credentials, as they beat afghanistan at the t20 world cup in barbados. hello there, and welcome along to the programme. england missed the chance to secure the spot in the euro 2024 knockouts as group winners earlier, after a frustrating and disappointing draw with denmark. the match in frankfurt failed to provide any spark — and after taking the lead, gareth southgate's side again failed to impress, leaving the door open for others in the final group games. andy swiss reports. hoping to make a splash. england fans soaking up the atmosphere in frankfurt, as thousands descended on the city's main square before heading

for the stadium and, they hoped, another victory.