us recession fears ease. the world's biggest economy has its growth rate revised up as consumers keep spending pushing the dow to a new record high. as reinforce this and that's the key to keep an eye on for investors in the coming weeks and months is really around the us and thejobs.

also coming up: can india retain its crown as the world's fastest growing major economy? official figures should confirm that in the next few hours. and small bricks, big kids. the boss of lego tells us why adult fans are key to the future of the brand. live from london, this is business today. i'm lukwesa burak. we start in the us where fears of a recession in the world's biggest economy have been eased after growth figures for the second quarter were unexpectedly revised upwards. traders on wall street celebrated that and the news that fewer than expected americans signed up forjobless benefits last week — pushing the dowjones industrial average to a new record close. some have been worried that the federal reserve has kept interest rates too high for too long in its battle against inflation — meaning a hard landing for the economy. let's just show

you those numbers. according to revised figures from the commerce department — the us economy grew at an annual rate of 3% in the three months tojune. that's instead of the 2.8% it originally estimated. all eyes are now on inflation numbers — out in a few hours time — which may confirm that soaring prices are finally under control and the fed can start bringing down the cost of borrowing from its two—decade high. ritika gupta in new york has all the details. the dow hit a fresh the dow hit a fresh record the dow hit a fresh record high the dow hit a fresh record high on thursday following robust us 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

previous 2.8% rating. a big part of that was down to consumer spending which is significant as a drive is two—thirds of the us economy. there were stronger advances in buying goods and services and key categories include spending

response rates will benefit. forecasters see a further moderation in the economy for the remainder of the year as high borrowing costs continue to filter through the economy but most economists aren't yet predicting a recession. at the same time, the federal reserve is set to begin lowering interest rates next month as inflation slows and that may provide some release especially for sectors heavily impacted by borrowing costs like housing and manufacturing. next up, economist looking ahead to friday's release of pce data forjuly, that's the fence prepared —— engaged volatile food and energy prices. let's speak to susannah streeter, head of money and markets at hargreaves lansdown here in the uk. hello there, good morning, lovely to have you with us. looking at what place late last night, looks like americans are confident enough to carry on

spending, just break us — break down the numbers for us, what was behind that revision upwards? was behind that revision unwards?_ was behind that revision street. do you think that it's a given th yes, _ street. do you think that it's uwards? , . , , upwards? yes, absolutely, it does seem — upwards? yes, absolutely, it does seem as _ a given th yes, absolutely, l street. do you think that it's| a given th yes, absolutely, it upwards? yes, absolutely, it does seem — upwards? yes, absolutely, it does seem as _ upwards? yes, absolutely, it does seem as though - upwards? yes, absolutely, it upwards? yes, absolutely, it does seem as though - upwards? yes, absolutely, it does seem as though that i does seem as though that does seem as though that i does seem as though that confidence has rebounded and it confidence has rebounded and it is a surprise to some extent is a surprise to some extent because remember, a couple of because remember, a couple of weeks ago, there were real weeks ago, there were real fares when some unemployment fares when some unemployment data came out, it seems data came out, it seems indicate that a recession was indicate that a recession was looming in the us and that looming in the us and that caused a big wobble on stock caused a big wobble on stock markets and what you are seeing markets and what you are seeing now is a batch of economic data now is a batch of economic data showing notjust consumer showing notjust consumer spending ticking up but a given that _ spending ticking up but actually, the claims for actually, the claims for unemployment benefits came a unemployment benefits came a little bit lower—than—expected little bit lower—than—expected so, all of this is adding up to so, all of this is adding up to expectation that actually the expectation that actually the economy is purring along better economy is purring along better than expected, more smoothly than expected, more smoothly and that's why you saw such a and that's why you saw such a

lift again to stocks on wall lift again to stocks on wall street. ,., street. ,., lift again to stocks on wall street. , ., ~ . �* , street. do you think that it's lift again to stocks on wall street. , ., ~ . �* , street. do you think that it's a civen street. do you think that it's a civen street. do you think that it's a given that _ street. do you think that it's a given that the _ street. do you think that it's a given that the fed - street. do you think that it's a given that the fed will - street. do you think that it's| a given that the fed will start to cut rates following its meeting in september because we are still awaiting for that pce inflation number, aren't we? this is a personal consumption expenditures index, it is the fed's preferred measure of inflation, it is expected to show that coal prices ticked up a little blood oval —— overall, the trend of inflation is still considered to be on a downwards path, you can't necessarily put a lot of sway and one batch of data alone and that is why there is expectation that the fed will cut interest rates in september but probably, by the lower 25 basis point than 50 basis points but a few more cuts also priced in before the end of the year. {iii cuts also priced in before the end of the year.— end of the year. of course, kamala _ end of the year. of course, kamala harris _ end of the year. of course, kamala harris interviewedl end of the year. of course, i kamala harris interviewed for the first time as part of this

campaign, how did she handle questions on the economy? have we got a clear idea of what her policy will be if she is in the white house?

policy will be if she is in ti to another powerhouse. to india now — it is the world's most populous nation, but has also for some time, been the world's fastest growing major economy. in the next few hours, we'll find out whether that is still the case as india publishes official gdp growth numbers for the three months tojune. so, what are we expecting? according to a reuters poll of more than 50 economists, india's economy is expected to have grown at an annual rate of 6.9% between april and june. if that proves to be correct, it will be a marked slowdown from the 7.8% rate seen between january and march. india though has done better than predicted in previous quarters, partly because of hefty spending by prime minister narendra modi, in the run up to the this year's election. 0ur india business correspondent, arunoday mukharji, has been taking a closer look.

analysis for this period of april — during which happens to be the first quarter of the indian financial year seems to suggest that the overall indian growth story could be impacted because of a dip in the manufacturing sector. several other assessments suggest that while they could be independent manufacturing sector, the bright spot remains the indian agricultural sector, something that has been picked up in a recent report by india's largest public sector, the state bank of india so that remains a bright spot and they are more concerned because of dealing monsoon but now, the rains have picked up, that had a positive impact on the agricultural crop. the report also says the economy is not completely oblivious or ignoring of the global develop and uncertainties, currently around the world but does say that the indian economy has remained largely resilient to be disruption global supply chains and that is something thatis chains and that is something that is likely to remain as well. ratings agency like the international monetary fund

have also revised upwards of india's growth story so that is something that the indian economy would be taking confidence in as well but they've also cautioned that all of this, the stable and robust growth of the indian economy seems to be projecting there is also dependent on india's private consumption, picking up something that is slow down and also with the indian economy can make the most of its vast and substantial labor pool as well and make the most of its demographic dividend. let's speak now to a senior analyst at the economist intelligence unit. good morning, what are your expectations?— morning, what are your expectations? morning, what are your exectations? . ~ . expectations? thank you so much for havin: expectations? thank you so much for having me. — expectations? thank you so much for having me, definitely - expectations? thank you so much for having me, definitely my - for having me, definitely my expectations are exactly the same as the rudest paul that you coal it, the gdp will slow down, we expected to be 7%

which as you said is a marked slowdown from the 7.8%. haifa which as you said is a marked slowdown from the 7.8%. how are indians feeling _ slowdown from the 7.8%. how are indians feeling at _ slowdown from the 7.8%. how are indians feeling at the _ slowdown from the 7.8%. how are indians feeling at the moment - indians feeling at the moment with the economy? are they confident? i with the economy? are they confident?— with the economy? are they confident? i think, yes, with this growth _ confident? i think, yes, with this growth slowdown, - confident? i think, yes, with this growth slowdown, in - confident? i think, yes, with| this growth slowdown, in the still be the proper sludge economy and the slowdown is actually quite of a transit nature because there were couple of factors which led to the slowdown. because of the fermentation of elections in india led to the government pairing a lot of its infrastructure expenditure which, as you mention has been a major driving force behind the growth story but we do expect that private consumption will have performed a little better over the quarter but rule open dividers we've been seeing over the past couple of quarters still persist in india so, while urban consumption is notoriously robust, the same

cannot yet be said for readers consumption. but this will turn in the quarters ahead because as you mention, it has been very good so we expect for that agricultural on the back of that will also grow and gradually divide. —— reuters. the be able to pick up on the infrastructure spending plan and have a budgeted target, they will also push the states target so definitely, it's target so definitely, its overall quite robust story despite the slowdown. i overall quite robust story despite the slowdown. i want to combine two — despite the slowdown. i want to combine two points _ despite the slowdown. i want to combine two points they - despite the slowdown. i want to combine two points they come i despite the slowdown. i want to i combine two points they come up with mention and mention the spending that was thrown at the rule sector in the run—up to the election and also, improve business conditions, are we going to see that continue over the months ahead or will that financial boost eventually run out of steam?— financial boost eventually run

out of steam? well, definitely, the governments _ out of steam? well, definitely, the governments in _ out of steam? well, definitely, the governments in its - out of steam? well, definitely, the governments in its first - the governments in its first election budget has also provided for rule support which is obviously a fallout of their performance in the elections i do realise that the continuous support needs to be given especially in light of the fact that food prices, for example, are still very high in india, this portion of the effects the rule population so there will be some support from the government, definitely, also monitoring policy, cycle is going to turn, sometime soon in india and potentially think it's going to be from december so, that will be a lead to better corporate earnings for the company is at least over the company is at least over the last quarter of this year and certainly over the quarters ahead beyond that so, there is going to be some amount of boos from the government support in the central bank support which will be visible on many aspects of the economy also, are the major engine growth which doesn't get talked about so

much is exports, there are many areas where exports have been doing quite well in india, it wasn't subject to the electronics which station countries have.- electronics which station countries have. . ~ countries have. rin, thank you very much _ countries have. rin, thank you very much indeed. _ countries have. rin, thank you very much indeed. -- - countries have. rin, thank you very much indeed. -- all- countries have. rin, thank you very much indeed. -- all right. more controversy for tech tycoon elon musk — this time in brazil. social media giant, x, which mr musk controls, says it's expecting brazil's top court to order it to shut down in the country — one of its top markets— amid a legal battle over disinformaton and compliance with local laws. x owner elon musk has accused brazil of censorship. with more on the story, pierre—antoine denis joins me from singapore. hello there. so, tell us more about this. hello there. so, tell us more about this-—

about this. well, describing the situation _ about this. well, describing the situation as _ about this. well, describing the situation as tens - about this. well, describing the situation as tens would | the situation as tens would honestly be underplaying it, to give you a quick flavour of where we are right now, the x ceo described the supreme court judge as an evil dictator, there we go, that characterisation would underscore for you how personal and better this battle has become, it's not about legal compliance and it's about a clash of values and authority, elon musk arguing that the judge is overstepping his boundaries using the court to silence, distant and sensor opponents to fully understand the story, we have to go back to 2022 where the supreme court judge was actively trying to suspend accounts on x that were linked as a were accused of spreading misinformation during the 2022 election. but ilhan masks defines is not in words, it's taken concrete actions like shutting down x offices in

brazil and he claims that there was a serey to protect his staff in what he calls censorship orders that could lead to arrest and so with x refusal to comply, the possibility of x being blocked is real and this is a big gamble for elon musk because brazil is a b market. researchers say that a0 million brazilians roughly one fifth of the population acts x x so that followed doesn't stop with x because thursday, starlink said its accounts on our first preventing it from doing financial transactions in the country. financial transactions in the count . r . ~' country. as ever, thank you very much- _ around the world and across the uk, this is bbc news.

all this week we've been looking at the economic challenges caused by ageing populations. japan is among

the worst affected. its working age population has fallen by more than 11 million over the past two decades. and that's causing labour shortages throughout the economy that are significantly higher than the global average. according to data just released, there were i.2ajobs for every applicant injuly — a bigger ratio than expected. so, what can be done about it? yusuke aoki is an economist at the indeed hiring lab which is part of one of the world's largest recruitment companies. welcome to the programme. let's just start off with what is considered old injapan? just start off with what is considered old in japan? yes, the main _ considered old in japan? yes, the main reason _ considered old in japan? yes, the main reason is _ considered old in japan? yes, the main reason is because i the main reason is because japan working age population is shrinking, down from 85 million and now there's 7a million

today. so, the growth in the labor participation is immediate and labor force labor participation is immediate and laborforce is likely to decrease. immediate and labor force is likely to decrease.— likely to decrease. 0k. .. crosstalk _ likely to decrease. 0k. .. crosstalk | _ likely to decrease. 0k. .. crosstalk l was - likely to decrease. 0k. .. crosstalk l was going | likely to decrease. 0k. .. l crosstalk i was going to likely to decrease. 0k. .. - crosstalk i was going to say, what are the challenges then would somebody like yourself, a recruitment company, one of the main challenges you are facing? yes, so, a lot of challenges there. so, for example, labor shortage is limited production is due to impact of growth and also that working environments but it's quite hard to find inaudible because the age population is declining

rapidly. with the working age population, with the reductions, there are some industries specifically industry, for example, there is severe combination, some states constructions are given transport inaudible because of the rising demands. 0k. transport inaudible because of the rising demands.— the rising demands. 0k. thank ou ve the rising demands. 0k. thank you very much _ the rising demands. 0k. thank you very much for _ the rising demands. 0k. thank you very much for that, - the rising demands. 0k. thank you very much for that, thankl you very much for that, thank you. lego is the world's biggest toy maker and this week, we learnt that the plastic brick giant has been building on that position over the past six months, gaining market share in the global toy market and increasing sales by 13%. but it's notjust children who are driving those sales. adult fans of lego are an increasingly important part of the danish firm's strategy. it has been launching more complicated — and expensive — kits aimed at adult builders. ceo, niels b christiansen has been speaking to tadhg enright for this weekend's

talking business programme. we serve everybody that likes to get into the universe of lego bricks and it does cater for both kids and adults, very often, adults and kids are building together, families building together, families building together, families building together so it may actually say 18 plus, it may be complicated to build but you'll be amazed how good kids are, especially ten, 11, i2 be amazed how good kids are, especially ten, 11, 12 or into the teenage years how capable of building. it's fantastic with the way it caters for everyone and it brings families together. everyone and it brings families touether. ., together. some of your icon series sets _ together. some of your icon series sets are _ together. some of your icon series sets are very - together. some of your icon i series sets are very expensive, who _ series sets are very expensive, who is— series sets are very expensive, who is said _ series sets are very expensive, who is said that buying them? that's— who is said that buying them? that's not— who is said that buying them? that's not the way we think about it, they should be exclusive to any consumer group but i think to the point we've

had the opportunity now to enlarge the product portfolio, that means we can cater for more interest and that allows us to cater for new interest that also would be of interest to adults so in that sense, which is have more bricks, we have more opportunities to get to both kids and adults in that sense, the something out there for everybody within and that's fantastic. and you can hear lots more from the boss of lego — niels christiansen this weekend on talking business weekly — right here on the bbc news channel. now to the question of ethics in business. a global study last year found 96% of business leaders were overwhelmingly convinced that addressing ethical issues is critical to the future of their industries. most bosses say they are having to tackle more ethical questions than they were three years ago — but a majority of companies say they are not properly equipped to do it.

david rodin is a moral philosoper and global authority on ethics — he spent two decades at oxford university and now runs principia advisory — which advises some of the world's largest private and public organizations. hello and a warm welcome to the programme. when we talk about the ethical issues today, what are they? what are the main topics? are they? what are the main toics? . ~' ,, are they? what are the main toics? . ~ i., , . are they? what are the main toics? . ~ , . .,, topics? thank you. great to be with ou topics? thank you. great to be with you this — topics? thank you. great to be with you this morning. - topics? thank you. great to be with you this morning. so, i topics? thank you. great to be with you this morning. so, we| with you this morning. so, we set up this ten years ago the omission to be the first consulting and advisory firm on ethics by which we just mean everything that happens within the organisation that allows a business to operate responsibly and therefore stands tangibly and therefore stands tangibly and successfully over the long—term and when we think about that, i think there are

two dimensions to that, one of thoseis two dimensions to that, one of those is making the right kinds of ethical decisions particularly on big strategic areas that may be very highly ambiguous, highly contested so what is it mean to you that is junk ulogie like ai and responsible way and was meant to respond to major political crisis like the invasion ukraine in a responsible way, how to respond to evolving social norms for example around gender and race. social norms for example around genderand race. i hope social norms for example around gender and race. i hope he sets about decision—making and executive functioning and is a piece around creating the conditions for consistent ethical responsible behaviour for all your employees, everywhere the operate 2a/7 which is a very different challenge around creating, i would say, a strong, ethical culture within the organisation.- culture within the organisation. culture within the oruanisation. . , . organisation. can you give us a case study. — organisation. can you give us a case study. to _ organisation. can you give us a case study, to demonstrate i case study, to demonstrate this, is there a case study you could describe where a company

or a brand could have done something a lot better? they attempted to come across as an ethical company but it went horribly wrong? i ethical company but it went horribly wrong?— horribly wrong? i would say there's been _ horribly wrong? i would say there's been an _ horribly wrong? i would say there's been an revolution. horribly wrong? i would say| there's been an revolution in there's been an revolution in the space that we are working on, when we started ten years ago, there was very much businesses that have gone through some kind of a crisis and they really needed to recover from that so a good example is the work that we did with the cbi last year that really ceased to exist because of a series of ethical crisis within the organisation so we work with the cbi to really help them to address the foundations of the ethical cultures, looking both at the systems and policy but also, very much in the way that they were managing the people side of the business and happy to say that was an incredible success story that the cbi is really going from strength to strength now. that's one example of how businesses can

organisations can really get into very significant difficulties and then get themselves out of it. i think on the other side, businesses are increasingly realising that ethical action is an important part of managing their brands. unfortunately, we run out of time but thank you very much indeed. plenty more coming up here on bbc news, all the top stories at the top of the other. —— top of the hour. hello there. despite a few sharp showers in the far north of scotland, thursday was a perfect late summer's day. in fact, quite a rarity for august because we had sunshine topping and tailing the country. yes, it was glorious at times. now, it's likely that we're going to keep that quiet theme for the next few days, despite a little bit of early morning mist and fog around exposed west coasts, an the whole, there'll be a lot of sunshine to start the day on friday. cloud will develop as we go through the afternoon, but nevertheless the temperatures will start to pick up quite nicely.

we're looking at 15—19 degrees in scotland, maybe highs of 2a degrees across southeast england — that's 75 fahrenheit. high pressure stays with us into the start of the weekend. it is starting to pull its way north and east, and that will allow more of an easterly flow and this weak weather front could trigger a few sharp showers. so a little more cloud across southern england and a brisk easterly wind making it feel a little fresher on exposed coast. so west will be best for sunshine and despite that brisk westerly wind — which will be noticeable — in some shelter, it will still feel quite pleasant. so for western scotland we could see highs possibly of 22 degrees, that's going to be a similar value to the london area, with the cloud and the risk of a few isolated showers. on to sunday — our area of high pressure continues to move towards norway, and that's going to allow the wind direction to change once again, this time more to a south—easterly. so that will tap into some very warm air across the near continent, so it will feel

increasingly hot and humid and much of eastern england seeing more sunshine and more warmth on sunday. there will be some cloud furtherwest, but later on in the day that humidity could trigger a few sharp, thundery downpours into the southeast. temperatures, though, likely to peak at 26 celsius. so if you've got plans for sunday evening across southern england, keep abreast of the forecast, the subject potential for change. and then as we go into next week, it looks likely that low pressure will start to centre itself to the far north and west. a lot of uncertainty for the detail, but it does look likely that this settled story that we've been singing for the last couple of days will change to something a little bit more unsettled.

good morning, welcome to breakfast with charlie stayt and naga munchetty. 0ur headlines today. the mother of 13—year old hannahjacobs, who died after a reaction to a shop bought drink, tells breakfast that allergies need to be taken more seriously. we need to do something. we need to do better. i no mother, no parent, should be losing their kids like this. - it's not fair. us vice—president kamala harris has given her first interview

since becoming the democratic presidential nominee, defending her white house record and saying her values have not changed. and so sally can wait, as can everyone else for the delay to the ballot for oasis tickets due to huge demand. i'll tell you all you need to know. in sport, great britain got off to a flying start after day one of the paralympics with two golds. teenage swimmer poppy maskill created history with britain's first in paris — plus, there were three silvers and a bronze. and believe it or not, it is dry for almost all of the uk today with sunny spells. will it last into the weekend? i will have the details. good morning. it's friday, the 30th august. the mother of a 13—year—old girl who died after a severe allergic reaction to a costa coffee hot chocolate, says she wants to make sure no other parent loses their child in the same way.

abimbola duyile, whose daughter hannah died within hours of sipping the drink, is calling on the food industry