and a wonderwall of money! britpop legends oasis could earn £400 million from their reunion tour — we'll be finding out how. welcome to business today. china has accused canada of protectionism after it announced a 100% tariff on chinese made electric vehicles, along with 25% tariffs on steel and aluminium. canada is following the lead set by the united states and says it's protecting its domestic industries from chinese efforts — quote — "designed to cripple them". beijing has criticised canada for "blindly following" other countries, breaking world trade organization rules and said that the levies "will disrupt the stability of global industrial and supply chains". the bbc�*s north america business correspondent, michelle fleury, has more.

it's a move that could exacerbate trade tensions between western countries and china. from october, canada will impose 100% tariffs on electric vehicles from china. this is on top of the most—favoured—nation tariff of 6.1% already slapped on to chinese—produced evs that are imported to canada. the government also intends to apply a 25% tariff on imports of steel and aluminium products from china. canada's finance minister, chrystia freeland, said these measures were about protecting its domestic producers. the reality is china has an intentional, state—directed policy of overcapacity and oversupply, designed — designed — to cripple our own industries. talk to the steel sector, talk to the aluminium sector to understand how effective that has already been, and we simply will not allow that to happen to our ev sector.

the auto tariffs bring canada in line with its southern neighbour. the us introduced 100% tariffs on chinese—made evs back in may, whilst the eu is also imposing higher tariffs. it comes after us national security adviserjake sullivan, who is en route to beijing, touted the need for a united front on tariffs when he met with canadian prime ministerjustin trudeau and his cabinet over the weekend. as for canadians, well, this move might push up the cost of buying an imported car from china, but that's beside the point for the country's government, which is seeking to protect its auto manufacturing industry and the over 125,000 jobs it supports. china has a dominant position in the global electric car market. chinese evs account for around 60% of wordwide sales. there are more than 100 chinese ev makers, but only two are profitable — the rest are losing billions

of dollars every quarter. we asked dilin wu from melbourne—based investment firm pepperstone for some reaction to the move by canada to penalise chinese ev imports. given the close relationship between canada and the us. i'm not really surprised. they align with the us policies on automotive issues, and right now tesla is actually the only chinese ev making its way to canada, and it's actually outpaced byd and mg last year to become the top exporter of chinese ev. so it's interesting that canada's trade protectionism seems to be hitting tesla first. and after the announcement yesterday, tesla stock dropped by 3.2%. and also, personally, i'm not too worried about how chinese ev brands will fare because for one, canada isn't the main market for this exports, overall, europe is. plus, like policy makers from canada

have said that shifting the production to other countries will get around these tariffs. so byd, for example, is planning to set up a new ev assembly plant in canada next year and this action won't be affected by this higher tariffs. so, um, overall, ithink tesla might need to rethink its production and sales strategies. but for like domestic ev companies in china, looking at the canadian market, the tariff impact is likely to be quite small. and the real focus for for most of this chinese company is to europe. whether you're rich or not so rich, everyone can agree that £400 million is a lot of money. we were hoping to hear a little bit

of the song, but we might call it wonderful. that's once forecast for how much oasis will earn from ther reunion tour, which has been confirmed today. brothers liam and noel gallagher have put their much—publicised differences aside and announced 1a dates in the uk and ireland next year. they're calling it a world tour, so more dates could yet be announced. professor jonathan shalit, chair of the talent agency intertalent, came up with that £400m figure. thank you forjoining us. how did you reach that figure? thank you forjoining us. how did you reach that figure? trier? thank you forjoining us. how did you reach that thank you forjoining us. how did ou reach that fiuure? , , , , you reach that figure? very simply, i took £150 — you reach that figure? very simply, | took £150 being _ you reach that figure? very simply, i took £150 being an _ you reach that figure? very simply, i took £150 being an average - you reach that figure? very simply, i took £150 being an average ticket| i took £150 being an average ticket price sale, and i multiplied that by 30. on the basis they called it a world tour, and i know for a fact of the uk venues, not a lot are on hold to be announced when the tourists all died, which it will do

instantaneously. 400 million is a conservative estimate. —— when the tour ends. they will double the number of shows they are doing when they announced their next uk shows, and the world tour shows. of course, there is merchandise, payment on copyrights, and then there is a live filming. i know they are saying there is no tv involved, but i can't margin in my wildest dreams by the end of their tour, they won't film one of their shows and film it's on a streaming show, like eltonjohn did, a live broadcast. of course there will be extraordinary appearances which haven't been announced, maybe glastonbury, it would make sense, and too big an opportunity. could they end up in las vegas? as of now i am sure even the brothers, when they hear the

word las vegas, they will be horrified, but it wouldn't surprise me if like you to. theirfans horrified, but it wouldn't surprise me if like you to. their fans will go more than once. let's say they do 30 shows at an average of 70,000 people, that is over 2 million people. a lot of their fans will go multiple times because they love oasis so much. find multiple times because they love oasis so much.— multiple times because they love oasis so much. �* , , , ., oasis so much. and because they are older and with _ oasis so much. and because they are older and with deeper— oasis so much. and because they are older and with deeper pockets - oasis so much. and because they are older and with deeper pockets than i older and with deeper pockets than when they first landed on the scene. there will be a strong suspicion it is not fraternal love, the brothers are getting back together for a is not fraternal love, the brothers are getting back togetherfor a nice payday. they do well out of royalties already, but do you know how much the tour will multiply their wealth? the how much the tour will multiply their wealth?— how much the tour will multiply their wealth? the way it all works is let say the _ their wealth? the way it all works is let say the gross _ their wealth? the way it all works is let say the gross income - their wealth? the way it all works is let say the gross income is - their wealth? the way it all works is let say the gross income is five | is let say the gross income is five and £1000. probably more. a lot of

it goes to making incredible shows -- £500,000. quite it goes to making incredible shows —— £500,000. quite conceivably over half the money could be spent on the quality of the show itself by the time you add on the element of putting the show together. i suspect they were properly walk away with 75 million each, my personal view. who knows the reality? i don't know their tax arrangements, how much will be under public scrutiny, uk or overseas income. i would be surprised if they didn't in a minimum of 75 million. i think it will grow and continue, it will be the greatest british concert show in living memory. that the greatest british concert show in living memory-— living memory. that is the truth. the fans will _ living memory. that is the truth. the fans will decide _ living memory. that is the truth. the fans will decide that. - living memory. that is the truth. the fans will decide that. thank| living memory. that is the truth. i the fans will decide that. thank you forjoining us with your take. we often talk about india as an emerging economic superpower. it's the world's most populous country and home to the largest number of young people anywhere

in the world. but it faces similar problems to other more developed economies with an ageing population. the number of people in india over the age of 60 is forecast to double to 350 million by 2050. while that comes with its own set of challenges, it's also providing opportunities for business. the bbc�*s arunoday mukharji reports. in their 60s and 70s and on the road, venturing over 1,000km away from their home with one aim — checking things off their bucket lists. travelling on a specially curated tour for senior citizens, these couples are visiting the city ofjaipur in western india, moving at a comfortable pace, taking in the sights and sounds of the city. translation: we spent our entire lives working, -

caring for our children, giving them the best. we didn't have time to travel. we also didn't have the money to do it as well before. i felt we haven't seen most of india, so why not do it now? and travel companies like veena world are cashing in. they can travel at any time during the year. they don't have to wait for a vacation to travel at any point. like, when you think of the younger age group or the families, the first thing happens is when school starts is you take the children's calendar and then you mark out when is it that you can travel? a senior citizens age group is such that you name it and they can travel. ten—year—old start—up seniorworld started as a travel company. but the business potential of this segment has now made them diversify into also making and selling special mobile phones for seniors. and now, their latest offering, its silver wings app, that helps the elderly socially network. it has now come to a stage where

you know it's getting attractive. the size is big, there are micro markets emerging which are monetisable, and it creates a huge opportunity. it is a blue ocean. virtually nobody is focussed on this segment, especially in a country like india where there are far more youngsters. it's easier to target, so we think it makes for a compelling business opportunity, both from a social standpoint in terms of impact as well as from a financial standpoint going forward. but not everyone can afford the services of companies like veena world or seniorworld. according to the un, 40% of the elderly in india fall among the poorest of the poor, while one fifth have no income at all. while the government has come out with some policies to provide subsidised health care and aid for the elderly, experts say that welfare schemes for them are still largely relegated to the private sector and hence come at a cost. and many in this travelling group acknowledge that privilege.

but as this group of seniors dances to bollywood hits at the end of their tour, can india keep pace with the needs of its ageing population? arunoday mukharji, bbc news, delhi. that is its, do stay here on bbc news.

hello from the bbc sport centre. we start with tennis and the final grand slam of the year is underway at flushing meadows in new york — with defending us open champion novak djokovic coming through his opening round match. the serbian is going for a record 25th major and cruised past qualifier radu albot in straight sets. djokovic was on court forjust over two hours and will now face countryman laslo djere in the second round. however, after the match,

the 37—year—old admitted that the late nights on court are taking their toll. i don't think that ageing helps, really. staying so late, um, and playing very late. i mean, i can feel, you know, my batteries are low now, i'm shutting down. uh, but it's been a long wait, to be honest. you know, i thought, i'm going to go out on the court, like, 8:15pm because stevens was 6—0, 3—0 serving and then all of a sudden, it turns out to be a, you know, 2.5 hour match or whatever. so, um, yeah, youjust have to accept it, i guess. 2020 champion dominic thiem saw his grand slam tennis career come to an end, as he lost in straight sets against ben shelton from the usa. the austrian announced in may that this would be his last year on the tour, after struggling with a wrist injury in the women's draw, the defending champion is also through as coco gauff beat varvara gracheva.

gauff tookjust 66 minutes to get past her opponent at the arthur ashe