largest economy grew by 3% in the second quarter, which was higher than initially thought. meanwhile, fewer americans filed for unemployment benefits last week. this drove the dow jones industrial average to close at a record high. the bbc�*s ritika gupta has more from new york. the dow hit a fresh record high on thursday following robust economic data. americans filing forjobless claims last week came in lower than expected at 231,000, and us gdp for the second quarter was revised upwards to 3% from the brevis 2.8% rating. now, a big part of that was down to consumer spending, which, as it drives two thirds of the us economy. the stronger advances and key categories included spending on the stronger advances and key categories included spending health care, housing and the stronger advances and key utilities and recreation. that categc care, cluded spending the stronger advances and key categc care, housing pending the stronger advances and key categc care, housing and iing health care, housing and utilities and recreation. that offset and downgrades and other offset and downgrades and other categories, exports and private exports and private inventory investment. spending categories, exports and private inventory investment. spending

is being supported in part by is being supported in part by wage gains, but momentum is wage gains, but momentum is slowing as the labour market shifts into lower gear. �*market slowing as the labour market shifts into lower gear. personal income rose only personal income only personal income rose only moderately. yet, overall, the moderately. yet, overall, the data is a good sign for the data is a good sign for the economy and it comes at a time economy and it comes at a time when there has been growing when there has concern over the health of the economy and it comes at a time when th overas economy and it comes at a time when th over the health of the consumer and the labour market, concern over the health of the consumer and the labour especially after the latest monthly jobs especially after the latest monthlyjobs data, which was a concern over the health of the consumtjobsi the labour concern over the health of the consumtjobs data, .abour concern over the health of the consumtjobs data, which was a big disappointment. forecasters monthlyjobs data, which was a big disappointment. seeing a further moderation in for the us economy. and key the economy for the remainder monthlyjobs data, which was a big economytment. t " " ' ,,,., monthlyjobs data, which was a big economy forent. t " " ' ,,,., monthlyjobs data, which was a big economy forthe tw " " ' ,,,., of the year as high borrowing monthlyjobs data, which was a big economy forthe remainder" " ' ,,,., the economy for the remainder of the year as filter costs continue to filter through the economy, but most costs continue to filter through the economy, but most economists aren't yet economists aren't yet the predicting a recession. at the same time, the federal reserve predicting a recession. at the same time, the federal reserve is set to begin lowering is set to begin lowering interest rates next month as interest month as interest rates next month as inflation slows. that may inflation slows. that may provide some relief, especially provide some relief, especially two sectors heavily impacted by two sectors heavily impacted by borrowing costs like housing borrowing costs like housing and manufacturing. next up, and manufacturing. next up, economists are looking ahead to economists are looking ahead to friday's released to pce data friday's released to pce data forjuly, that is the inflation forjuly, that is the inflation gauge that excludes volatile gauge that excludes volatile food and energy prices. food and energy prices. satyam panday, satyam panday,

chief us economist at snp global ratings, chief us economist at snp global ratings, explained what the data means explained what the data means for the us economy. are pretty decent second—quarter number, out. it looks_ second—quarter number, out. it looks like— second—quarter number, out. it looks like the economy is steady— looks like the economy is steady as she goes right now, at least — steady as she goes right now, at least the underlying domestic demand. as for the fed, — domestic demand. as for the fed, they— domestic demand. as for the fed, they are pretty happy with this number, especially given the inflation has been coming in near— the inflation has been coming in near their the inflation has been coming in neartheir own to the inflation has been coming in near their own to present targets, _ in near their own to present targets, so given all of the data — targets, so given all of the data that has come out, it seems _ data that has come out, it seems like they might be ready to start — seems like they might be ready to start the cycle in september. we think they will probably l00k— we think they will probably look at _ we think they will probably look at employment sides of things— look at employment sides of things more closely now, chairman powell he did say that he would — chairman powell he did say that he would be more

giant posted giant posted a record revenue of a record revenue of 30 billion dollars in the second 30 billion dollars in the second quarter. quarter. nvidia shares took nvidia shares took a hit in after—hours a hit in after—hours trading on wednesday trading on wednesday and fell by 6% on and fell by 6% on thursday. thursday. analysts say analysts say there are fears the company's breakneck growth there are fears the company's breakneck growth is showing signs of starting to is showing signs of starting to slow. slow. artificial artificial intelligence startups intelligence startups openai and anthropic have agreed openai and anthropic have agreed to give the us government access to give the us government access to their ai models. to their ai models. in a statement, in a statement, the us ai safety the us ai safety institute said it would be institute said it would be allowed to test and evaluate ai allowed to test and evaluate ai models before they are models before they are released to the public. released to the public. the agreement, which is the first the agreement, which is the first of its kind, comes as companies of its kind, comes as companies face scrutiny over the ethical face scrutiny over the ethical use of ai technology. use of ai technology. turning to india, turning to india, which will release gdp which will release gdp numbers for the first quarter numbers for the first quarter of its financial year on of its financial year on friday. friday. the bbc�*s arunoday mukharji has the bbc�*s arunoday mukharji has a preview on what is a preview on what is expected, and what it means for expected, and what it means for asia's third largest economy. analysis for this period of april tojune which also april to june which also happens april tojune which also

happens to be the first quarter of the indian financial year asia's third largest economy.

expected, and what it means for asia's third largest ect be ny. expected, and what it means for asia's third largest ect be taking indian economy would be taking comfort in as well. but they've also cautioned that all of this, this stable and robust growth is also dependent on india's private consumption, picking up something that has slowed down and also whether the indian economy can make the most of its vast and substantial labour pool as well and make the most of its demographic dividend. chinese technology giant huawei says its net profitjumped by almost 20% in the first half of the year, helped by strong smartphone sales. the company said its smart car components business also performed well. this comes despite us sanctions preventing chinese companies from accessing advanced american chips and other technology. now let's listen to this iconic tune... music: wonderwall. remember that? well get ready to belt it out live! the oasis brothers, noel and liam gallagher are reuniting after a

15—year hiatus for a series of concerts next summer. so far they've only announced dates within europe, kicking off in cardiff and ending in dublin. on thursday, they added three more uk dates in london, manchester and edinburgh. there has also been chatter about adding international gigs later in 2025. rob schwartz, explained what the reunion means for the band and the uk economy. the rumour used to be that they hated each other. of course, a well—known fistfight in 2009 when they broke up. but one assumes they were able to patch it up or it is about the money, who knows. i mean i wouldn't want to say it's about the money. i respect them as artists, so let's say they were able to patch up their relationship. they are brothers. i think that is great news. ., ., , brothers. i think that is great news. ., ., ., news. how popular is or are oasis here _ news. how popular is or are oasis here in _ news. how popular is or are oasis here in asia? - news. how popular is or are oasis here in asia? when i news. how popular is or are l oasis here in asia? when you sa asia oasis here in asia? when you

say asia come _ oasis here in asia? when you say asia come as _ oasis here in asia? when you say asia come as you - oasis here in asia? when you say asia come as you know . oasis here in asia? when you. say asia come as you know it's a really big territory. i think that's, you know, they have some popularity and little pockets here and there, i don't think they are very big in mainland china. they were actually banned from performing in mainland china in 2009, so the three territories where they are absolutely huge would be hong kong, south korea and japan, particularlyjapan. japan, particularly japan. there have japan, particularlyjapan. there have been lots and lots of tribute bands, real oasis fans will know that they recorded a music video in 2006 of the b side acquiesce, and they shot it injapan, it was set entirely injapan with the japanese version of oasis. it was actually a guy doing karaoke, pretending that he was a member of oasis, but it was completely shot with japanese or asian characters in a video they made. so that was their own kind of, like, nodding to their popularity injapan, their popularity in japan, which their popularity injapan, which is massive. usually, when

you have fans injapan, they stick with you. that is the kind of unique thing to japan. so i think that they are absolutely gigantic injapan, of all the asian territories, and, i think that popularity persists. there is probably still cover bands, tribute bands even today in tokyo. we have seen _ bands even today in tokyo. we have seen music acts like taylor swift having said to move economies and contributing to gdp of nations when they go touring. it is oasis of that calibre in the uk in particular? do you think they will move the needle or at least be a boost to the economy? in least be a boost to the economy?— least be a boost to the econom ? , ., economy? in the uk, there is no doubt that— economy? in the uk, there is no doubt that they _ economy? in the uk, there is no doubt that they are. _ economy? in the uk, there is no doubt that they are. i _ economy? in the uk, there is no doubt that they are. i have - doubt that they are. i have heard predictions that they are going to sell out faster than taylor. i don't know if that is true or if they will sell as many tickets, if they even plan to do as many shows as she did. but certainly it will have an economic impact, and they are reunion, as you well know is front page headlines in the uk. a little bit different in other territories, especially here in the us. ,, , , ., , .,

the us. seems the brothers have atched it the us. seems the brothers have patched it up _ the us. seems the brothers have patched it up and _ the us. seems the brothers have patched it up and have _ the us. seems the brothers have patched it up and have chosen i patched it up and have chosen not to look back in anger. plenty more to come here on bbc news. remember, looking had to, harris, the vice president of the united states and the presidential nominee, herfirst interview, we will bring you coverage of that when it does happen. thank you for your company. goodbye.

hey, i'm lola with the catch up. tonight, paralympics kick off, amazing animals pics and tomato mania. might this be the end of the smokers�* area chats on a night out? the government is looking at tightening rules on smoking outside in england. it could include pub gardens, outside clubs and at restaurants. scotland, northern ireland and wales could do something similiar too. about 13% of adults in the uk smoke, and tobacco use causes 80,000 deaths a year. health bosses say there's no safe amount of second—hand smoke either. some other stories now... day one of the paralympics in paris and the medals are already being won. poppy maskill won paralympics gb�*s first gold, with a world record in the pool. fans will be able to catch these moments for the first time in official fan zones across the country. the future of vocational courses like btecs

is a "mess". that's according to more than a50 schools and colleges in england. a review into post—i6 education isn't due until december, leaving them unsure what they can offer in 2025. and wildlife photographer of the year is back. the contest, run by the natural history museum, highlights the best nature photography from all around the world. there were nearly 60,000 entries and these are some of my favourites. the winners will be announced on the 8th of october. time now for ten seconds of tomato mania. spain's la tomatina festival saw thousands swimming in tomato sauce, throwing tomatoes at one another and even making "tomato angels." i'm booking my ticket for next year's festival asap. you're all caught up now — have a good night!

welcome along to sportsday — i'm adam wild, here's whats coming up... a new format for a new extended champions league season. the draw�*s been made and all 36 teams now know who they'll be playing in europes top competition two comfortable wins, and in double quick time. both world number ones breeze through to the next round at flushing meadow.

louis rees—zammitjoins the jacksonville jaguars' practice squad following his pre—season training camp with the kansas city chiefs. the draw for this seasons champions league has been made at a glittering ceremony in monaco. the likes of gianluigi buffon and cristiano ronaldo were involved in picking out the balls. gone is the old group stage. the newly extended competition now has 36 teams, with each playing a minimum of 8 games against eight different teams in the initial phase. premier league champions manchester city will have to travel to paris st germain and juventus amongst others. there'll be a reunion of xabi alonso with his former club liverpool. alonso's bayer leverkusen will travel to anfield. liverpool will also

host real madrid.