convention gets underway. plus — what do people really think about online dating? a survey of thousands of americans has some clues. hello and welcome to business today. i'm steve lai. let's begin in the united states, where the democratic national convention is in its final day in chicago. from recent speeches, we now have clearer ideas on the potential economic policies of the two candidates trump and harris. but across the country, from the campaign trail to wall street, there is focus on federal reserve chairman jerome powell's address at the mountain resort of jackson hole. the bbc�*s michelle fleury has more. inafew in a few hoursjerome powell of the chair of the us federal reserve america's central bank will deliver his most important speech of the year. when he spoke two years ago at this gathering, which has become known as the divorce for central bankers, the emphasis

was how to tame inflation which at its peak at 9% which cause pain. the benchmark rate hit a 20 year high. that's were to today and with the america's annual inflation rate tipping below 3% and signs the jobs market is signed —— starting to begin, jerome powell is starting to lay out a road map for the future of american interest rates he will antenna point cut interest rates september with more to follow but he blocked that choose his words carefully after a roller coaster ride on wall street calls for an emergency rate could have subsided. however, financial markets remain on edge. rivals for the white house kamala harris and donald trump will be keen to hear what he has to say given the mood for americans headed for the polls in november are likely to be shaped in part by what the fed does next. at the democratic national convention, the excitement

is building ahead of an address by the party's presidential nominee kamala harris. carl tannenbaum from northern trust took a closer look at the economic policies of harris and republican nominee donald trump. unfortunately, presidents have relatively limited power over the price level, except in rare circumstances, which we should not repeat. inflation in our country has been coming down. that has been one of the reasons why markets have performed so well, and why markets currently are expecting the federal reserve to lower interest rates. however, thejob is not quite done, and also the fact that consumers feel that inflation is still relatively high is something that is a resonant campaign issue. as a result, both candidates have promised to do something about grocery prices, something that we have heard in other markets around the world, and also to go after industries like the pharma industry for drug prices. unfortunately, international experience with price controls or trying to limit industry concentration are most often unsuccessful and indeed counterproductive.

so are there examples of countries that have been able to do this? there are certainly countries that have put on price controls, but instead inflation rates in most of those instances have actually gone up rather than down. the united states had its own experience with this in the 1970s under president richard nixon, and it actually paved the way for the almost hyperinflation that we had at the end of that decade. now they both also proposed a tax cut. so where did they differ there? so they do differ in the level of taxation. the candidate harris has proposed increases in corporate income taxes, currently 20% in the united states, up to 28%. the challenge there is many multinationals, as you know, are able to move their profits and operations around so as to minimize their tax bill, and that would only accelerate that trend. both will have to contend with some expiring tax cuts, which were passed under president trump in 2017. extending them would put a big dent in the budget or add substantially to the budget deficit and ask a lot of fixed income investors. but cancelling them would create kind of a cliff that might also have an economic impact. the body of british technology entrepreneur mike lynch has been recovered from a yacht

that sank off the coast of sicily. 15 people survived, six bodies were recovered, and one person is still missing. mr lynch's death was confirmed to the bbc by a source close to the family. the search is continuing for one person who is still missing it is believed to be mike lynch's18—year—old daughter, hannah. chinese fast fashion giant shein says it has found two cases of child labour at its suppliers. according to the company's latest sustainability report, it suspended dealings with the suppliers involved and only resumed orders when processes improved. it added that it had stepped up its audits of manufacturers in china ahead of plans to list overseas. shein has faced criticism over its labour and sustainability practices. it moved closer to listing on the london stock exchange earlier this year. staying with china, self—driving startup weride says it will delay its plans to list in the united states. the firm said updating transaction documents were taking longer than expected. many were hoping weride would lead a turnaround for chinese firms looking to make their mark in the world's numberi economy. it has also been a busy week for the chinese tech giants, which have been

reporting their earnings. andrew collier from 0rient capital research gave us his thoughts on the road ahead. well, the advertising market is pretty bad there because the economy is not doing well. so anybody who's in that business like the baidu, which is the google of china, is suffering. all the companies, all the different sectors, that includes transactions, advertising and companies like xiaomi that does electric vehicles all have their own band aids that they're trying to put together to deal with the geopolitical conflict between china and the united states. uh, in the case of xiaomi, they're desperately getting pretty good revenue from electric vehicles, but they're facing a lot of issues getting with subsidies because they're having to sell at below cost within china, and they're facing backlash from europe. and then other companies like huawei, which makes a very wonderful smartphone. the mate60, uh, had to glue

together a very high end chip, seven nanometre chip. but the suspicion is that they did this in a such a haphazard fashion that it's going to be very difficult to scale up. so, um, and then the transaction companies like, uh, jd.com and alibaba that are sort of like amazon are basically doing 0k, except they're also facing a slowing economy and difficulties overseas. shares of peloton have jumped by more than 35% in the united states. it has been restructuring its business as demand for exercise makes fell drastically after the pandemic. nestle chief executive mark schneider has stepped down after eight years at the helm of the world's largest food manufacturer. this was following a period of underperformance that

affected the company's share price which has fallen 14% over the past 12 months. he will be replaced by laurent freixe. nestle�*s executive vice president and head of its latin america business in september. during the covid lockdown, online dating exploded. with millions stuck inside, apps like tinder, hinge and bumble were rocketed into the mainstream. while their popularity remains huge, research suggests that some users have stopped using the apps. the pew research centre surveyed more than 6,000 americans about their attitude to online dating. my colleague lu kwesa burak spoke to one of the authors of the report. we do see differences overall when we ask people about their experiences online dating, and to get into some of the details we explored some of the more negative experiences people might encounter while online dating. and we do see that younger women women under 50 stand out for experiencing these some of these things. so for example, they were more likely than other groups to say they received unwanted sexually explicit messages or images, for example. another place we see differences and is when we

asked people who'd been on dating apps more recently how they feel about the number of messages they receive. so we've heard a lot of discussion about online daters emotions, from burnout to elation, everything in between and what we find when we ask online daters themselves is that there's a gender disconnect here. so women are more likely to say in the past year, they've felt overwhelmed by how many messages they get on dating sites and apps. and men, on the other hand, are more likely to say they feel insecure about the same thing. some are concerned about safety. they think dating sites and apps should implement background checks. they've had these negative experiences, but others are saying that their experiences have been positive. now, why do you think some sites are more popular than others? if you do pay, and if you do, go for that extra service with a much bigger price tag — did users find that it was worth it? so we did see some differences in how people rated their experiences. and so we found that about 6

in 10 online daters who said they'd paid for a site or an app or a feature at some point said their experiences had been positive. and among those who haven't paid, that share is a bit smaller. so about half say their experiences have been positive. one other thing i'll mention is that different platforms may appeal to different people, and overall, we asked people about their reasons for being on dating sites and apps. and it's important to note that while, you know, many people consider well, one measure of success of online dating is finding a partner. people are on dating sites for other reasons as well, ranging from meeting a partner to having casual dates, making friends, having casual sex. and so while our survey didn't delve into how different platforms played into that, there is a real diversity in people's experiences and in what they're looking for.

lent thailand has announced its first case of an pox the first in asia and second outside of africa. found in a 66—year—old man arrived from bangkok from an unnamed african country last week. close contact, sex can transmit but it is nowhere as nearas transmit but it is nowhere as near as infections as other viruses such as covid and measles. we are reporting the live tonight in the hours ahead in the democratic national convention under way in chicago as you can see. elizabeth warren was up a few moments ago and this stage is set for the party's presidential toots take the stage and the hours ahead.

hey, i'm zoph with the catch up. it's been a big day for those of you getting your gcse results. three. two. 0ne! the overall pass rate has fallen for a third year running, with 67% of all grades at c and above. that's back to pre—covid levels. there's a big regional divide in england as well. most regions in the north and midlands have a lower pass rate than in 2019, while every region in the south has a higher pass rate. we've been chatting to some of you about what you got. i gota band nine and two eights. um, s7 and three sixes,

so i'm quite happy. i got eight stars and two a's, so i'm over the moon. i'm very pleased. all my hard work paid off. didn't get what you want? well, there's loads of help and support online at bbc action line. some other stories — the bbc has sacked jermaine jenas after complaints about alleged workplace conduct. he presented the one show and appeared on match of the day. the former england footballer has been taken off air from both shows. it follows allegations involving text messages which were raised with the bbc a few weeks ago. he hasn't commented yet. next, taylor swift has spoken for the first time about the cancellation of her tour dates in vienna over an attack threat. 0n instagram, she said it's filled her with a new sense of fear and that she felt a tremendous amount of guilt because so many people plan to travel to the shows. and time now for 10 seconds of bears who were tempted onto the scales

using honey at whipsnade zoo's annual weigh—in. more than 10,000 animals have been weighed to make sure they're getting the right care. they are just adorable. i love it, you're all caught up now. see you later. hello and welcome to sportsday — i'm paul scott at the bbc sports centre. here's what's coming up. jamie smith helps england edge ahead of sri lanka on a rain effected second day, of the first test. chelsea have one foot in the europa conference league proper after winning the first leg of their play—off against servette. and wind wreaks havoc at st andrews — we'll bring you up to speed from day one of the women's open.