in their fight with russia. he also addressed questions about his fitness to serve another four years in office. to that, biden said he is the most qualified person for the job but that he needs to pace himself a little better. whether that's enough to quell decent among democrats calling for him to step down is yet to be seen and will be looked into in depth in our bulletins ahead from washington. in the meantime, we'll focus on something else that president biden talked about and that's the state of the us economy, referencing the softer inflation numbers forjune. just this morning, we had a great economic report showing inflation is down. overall, prices fell last month. core inflation is the lowest it's beenin inflation is the lowest it's been in three years. prices are falling for cars, alliances and airfares. grocery prices have fallen since the start of the

year. we're going to keep working to take down corporate greed to bring those prices down further. to recap those inflation numbers — consumer prices cooled injune, putting the 12—month inflation rate at 3 percent, which is the lowest level in over 3 years. economics professor prachi gupta explained what all this means for the us federal reserve whether they would cut interest rates sooner rather than later. the recent numbers are suggesting that there is a positive trend, and the inflation in us has been falling. however, the fed has been closely watching the numbers because it is still well above the target of 2% rate. and the fed has to be very sure that these trends and the downward trend in inflation is just not temporary and rather more permanent. so we need to understand that it is looking at the supply side constraints like — you know, what are the forecasts for commodity and food prices? and secondly — what does the labour market condition in us? because essentially, the high inflation was triggered by a very tight

labour market where jobs were many but it was few. but the recent trends that job seekers are rise sog we can expect some loosening of the labour market, which will reduce the impact on inflation. so maybe it is likely that if these trends go in the same direction as they are, we can expect a rate cut later. �* . . ~ , are, we can expect a rate cut later. , , ~ later. backed up by the imf also. forecast _ later. backed up by the imf also. forecast for _ later. backed up by the imf also. forecast for lower - later. backed up by the imf i also. forecast for lower global inflation over this year and next year. are there any factors that you could see derailing that? absolutely, while there _ derailing that? absolutely, while there are _ derailing that? absolutely, while there are domestic. while there are domestic factors affecting the countries but also international factors that are beyond the control of the governments. so two main factors are the geopolitical crisis in the middle east that can disrupt the supply chains again. and the second is, if mr trump is elected back, he's been promising a tariff hike across—the—board — like 10% across—the—boa rd — like 10% across—the—board — like 10% across—the—board in all countries, and 60% for china. which he's claiming will protect the us economy, but it's actually like shooting

yourself in the foot, because it will increase the prices in us and pull down the gdp. so those could be triggering inflation — these unexpected events. after a month of zero growth in april, the uk economy has rebounded with 0.4% growth in may, beating expectations. the latest data also suggests that the past quarter — between march and may — witnessed the fastest economic growth in 2 years. while the economic growth has been welcome news for many in the government, the faster than expected growth has raised concerns about possible inflationary pressures. the focus now shifts to the bank of england which is holding interest rates at a 16—year high to combat high inflation. turning to tech news — tesla's ii—day wining streak came to a halt on thursday, after news broke that the electric vehicle maker is delaying the unveiling of its robotaxi. shares fell more than 8 percent. our north america business correspondent erin delmore has been following the story. for months, tesla has been teasing the arrival of the r

obotaxi, an autonomous taxi service captivating consumer attention and elon musk�*s for years. but now the company is putting on the turn signal and exiting the fast lane. the robotaxi roll—out has been delayed to october. tesla was scheduled to unveil the vehicle at the beginning of august. the company wants to give its workers more time to build additional prototypes, according to bloomberg news, which reported it first. back injune, mr musk diverted the shipment of ai chips from tesla to other company, x and x—ai. they are instrumental to delivering autonomous vehicles. tells had a challenging year. vehicle sales fell. the company cut—prices and announced lay—offs and said that it anticipated lower deliveries in 2024 compared to 2023. the company is also facing increased competition from its overseas rivals. something that jewelled interest was the launch of a new lower priced vehicle — especially attractive

to consumers in the age of high interest rates. but bloomberg said that mr musk prioritised the launch of the robotaxi instead. apple has struck a deal with the european union to settle a long—running dispute over mobile payments. the company was facing a big fine for blocking alternatives to its own tap—and—go technology — apple pay on the iphone. but after a four year investigation, apple has now agreed to allow access to rival payment systems, within the eu. staying with tech — graphcore, a uk company that builds ai chips has been bought by the japan's softbank. the move comes amid stiff competition in the ai industry, currently dominated by nvidia. but speaking to the bbc, graphcore co—founder and ceo nigel toon said the move wasn't just about not being able to compete with the giants in the sector. we started working in al when we started the company, we started talking about this back in 2012, which was just when

the deep learning phenomena was starting. and over that period of time, we built an amazing team and an amazing set of technology. and we have competed, gone toe—to—toe with the largest companies in this space, with a much smaller a with much less capital, even though as a company, we've raised a significant amount. so, i think that we have been able to do it here. but now, you know, this market has reallyjust you know, this market has really just taken off so, so quickly — really since the end of 2022 with the launch of chatgpt and all of that brought, and being able to keep up brought, and being able to keep up with that requires a massive amount of investment. and that's what this partnership with softbank does, and they have the same ambition — to really drive this next generation of ai technology. and that's whyjoining together is really a very good opportunity here. and we should look at softbank. they did a very good job with helping arm

and helping arm through a period of that and then arm has gone public. you know, who knows what's in graphcore's future? i can't make any statements of that. but we're just at the beginning of that journey. so i think that softbank has proven to be a really good partner, actually. what does wind power have to do with the world's biggest plane? well a company based in the us state of colorado is trying to build the world's biggest plane so that it can move giant turbines to build more wind farms. the bbc�*s ben thompson has been speaking to the boss of radia he asked him why it was necessary to build such a big plane. so what radia is doing is enabling onshore turbines to be “p enabling onshore turbines to be up to the size of offshore turbines. so there's a great opportunity, because the industry knows how to make very, very large turbines that are the size of the eiffel tower with blades that are a football field long. but the challenge is — you simply can't distribute those to where the market is ten times bigger

onshore. and the constraints here are that you simply can't move a very large blade to an onshore location. they're too wide. they're too tall. they're too long. you can't get around corner, through bridges, through tunnels. and so, we're at radia, we're designing an airlift solution to get around the transportation constraints. you're making this all sound very simple. it's anything but, isn't it? it's involved a lot of work and a lot of years already of the you've been quietly doing this in the background for seven years. you've been getting funding together. so explain to me what it is that you're actually doing here? 50 it is that you're actually doing here?— it is that you're actually doing here? it is that you're actually doinu here? . �* ., doing here? so what we're doing at raidia is _ doing here? so what we're doing at raidia is two _ doing here? so what we're doing at raidia is two things. - doing here? so what we're doing at raidia is two things. we - at raidia is two things. we deliver large turbines and we develop large wind projects. and so in order to deliver a large turbine, we're having manufactured what will be the largest aircraft in the world. we call it the windrunner. the windrunner will be able to move a 105—metre long turbine blade and to reach some of the most difficult places in the world

to get it to. so the aircraft is designed to land on relatively short dirt strips within the dimensionality of two turbines on a wind farm. and it's a very large aircraft. it's about 12 times the size, the volume, of a 747. and yet, it's an aircraft that can land on dirt. ., ., i. it's an aircraft that can land on dirt. ., ., ,, ., it's an aircraft that can land on dirt. ., ., ., ., on dirt. how do you go about designing — on dirt. how do you go about designing a _ on dirt. how do you go about designing a plane _ on dirt. how do you go about designing a plane that - on dirt. how do you go about designing a plane that is - on dirt. how do you go about designing a plane that is so l designing a plane that is so big? you said it's going to be the world's biggest cargo plane. how do you even know that it will fly? and you're taking on the big boys in the aviation game — boeing and airbus. why do you think that you can compete? ilil" airbus. why do you think that you can compete?— airbus. why do you think that you can compete? our team has been working — you can compete? our team has been working on _ you can compete? our team has been working on this _ you can compete? our team has been working on this quietly - been working on this quietly for the last seven years. and we've taken the aircraft through all kinds of different design iterations, all of the different computational modelling, wind tunnel testing. we're very confident that this is going to fly. further more — we've engineered this with some very, very powerful engines. they will give us a lot of thrust. and when you have a lot of thrust, you can get in and out of challenging places more easily. smaller companies

sometimes can identify big opportunities, and when we can accomplish this, we can work with the aerospace industry to take percentage points of co2 out of world, we believe. and that's it for this edition of business today. thanks for watching.

this is the catch up. tonight, england reached the euro finals. a man—hunt in bristol and a tight rope walker. it's a massive night for england at the euros. they beat the netherlands 2—i england at the euros. they beat the netherlands 2—1 with this last minute winner by ollie watkins. england will face spain in the final at 8:00pm on sunday. and if they win, the question is — will prime minister keir starmer give us a

bank holiday? 50. minister keir starmer give us a bank holiday?— bank holiday? so, i don't want to 'inx bank holiday? so, i don't want to jinx anything. _ bank holiday? so, i don't want to jinx anything. we _ bank holiday? so, i don't want to jinx anything. we must - bank holiday? so, i don't want| to jinx anything. we must mark tojinx anything. we must mark it in some way. but the most important thing is getting over the line on sunday. i guess we'll have to wait and see. but hopefully, walter the orangutan isn't right here, though. as he's predicting spain as sunday's winner. some other stories now. a search has been launched after two suitcases containing human remains were found in bristol. police were called after a man with a suitcase was seen acting suspiciously on a bridge just before midnight on wednesday. but when officers arrived, he'd left, leaving the suitcase behind. police said that their priority was to find the man and identify the remains. and more than 70 whales have been stranded on a beach in orkney. some of them up to seven metres long. experts say it's too early to know what happened but it's likely one of the whale got into trouble and the whale got into trouble and the rest tried to help. unfortunately, vets made the tough decision that none of them could be saved.

and time now for 10 seconds of the moment rose became the first person to cross the 3.6km strait of messina in italy on foot. that fall though, but he did get back up and complete it in under three hours. and you're all caught up now. see you later. hello and welcome to sportsday. i'm gavin ramjaun. two women's finals winners in wimbledon in weekend. time to relax but not for long as england prepare for the final of the euros on sunday against spain.

and a delightful day at lord's with a dominant position against the west indies in the first test. hello there and welcome along to the programme. it's the calm before the storm in the football as we prepare for the european championship final, but before all of that, the conclusion of wimbledon and the conclusion of wimbledon and the men's semifinals on friday will have a lot to live up to after the women's final spots with sensational come back victories on centre court. both players on the hundred for a first title. incredibly, six weeks ago, jasmine paolini had never reached the second part of a grand slam. now the 28—year—old who was beaten in the french open semifinal is heading into her second majorfinal open semifinal is heading into her second major final after

one of the greatest women's