good weather boosts sales at the zara owner inditex, the world's biggest fashion retailer. welcome to business today, i'm tadgh enright we start in the us with the abc news presidential debate between kamala harris and donald trump. in what was a combative back and forth right from the get go the economy was in focus with the first question for the two candidates on how they plan to boost the world's biggest economy and give american households a lift. kamala harris talked about her middle class roots and providing help for small businesses. mr trump talked about the soaring prices that americans have been living with and laid the responsibility firmly at the democrats�* door. let's have a quick

listen to kamala harris. done before, which is to provide a tax cut for billionaires and big corporations which will result in $5 trillion to america's deficit. donald trump talked up his economic legacy as the debate moved onto the question of tarfiffs. you'll remember mr trump has recently been speaking about increasing tariffs on international goods. let's have a listen. we are doing tariffs on other countries. other countries after 75 years will pay us back after 75 years will pay us back after all we have done for the

world. the tariff will be substantial in some cases. i took in the billions and billions of dollars from china. in fact, then never took the tariff of because it was so much money. we have had a terrible economy because inflation, which is known as a country buster, it breaks up countries, we have inflation like a very few people have ever seen before, public the worst in our nation's history. to get both persepectives, business today spoke to greg swenson, chairman of republicans overseas uk and to morris reid, a former clinton administration aide. i think she needs to talk more about her economic plan. she doesn't need to get into all the details, she needs to talk about her governing principles, how she will make these pocketbook issues and bring inflation down. in the next debate, if there is one, she needs to spend more time talking about what she is going to do and contrast the point with what donald trump did and what she will do different from joe biden. i will give her a c

or c++ don't think either candidate brought their a—game to the debate. greg swenson, chairman of republicans overseas uk shared his thoughts on president trump's tarriffs plans. the terrorists are typically tax on consumers so i thought it would have been better if president trump had focused on selective tariffs, using them for foreign selective tariffs, using them forforeign policy selective tariffs, using them for foreign policy for example, with china, orfixing for foreign policy for example, with china, or fixing the unfair trade with china, as well as using the threats of tariffs to get mexico to agree to the remain in mexico policy which really helped with illegal immigration during his term. i think it was a bit of a missed opportunity and an own goalfor president missed opportunity and an own goal for president trump. the uk's chancellor of the exchequer, rachel reeves has warned that her first budget next month will involve difficult decisions on tax, spending and welfare.

new data today shows that the uk economy did not grow at all injuly, matching its performance in june. the office for national statistics also calculated that the economy grew by 0.5% over the period between may and july. tomasz wieladek, chief european economist at t rowe price. what should we read into this? i think clearly it is a bit disappointing that throughout june and july. however this is a much stronger performance than many economists expected at the beginning of the year. at the beginning of the year, many economists expect the economy to just grow by 0.4% for the whole year and now we are public looking at 1.2 to 1.4%, that is a way stronger

performance. i would also focus more on the three months figures which again confirmed that the economy is actually growing recently well. when you hear the chancellor _ growing recently well. when you hear the chancellor talking - hear the chancellor talking about the difficult decisions that will be necessary in next month's budget, what do you think she means and what impact could that have on the future path of uk growth.— could that have on the future path of uk growth. clearly the chancellor _ path of uk growth. clearly the chancellor is _ path of uk growth. clearly the chancellor is trying _ path of uk growth. clearly the chancellor is trying to - path of uk growth. clearly the chancellor is trying to warn i chancellor is trying to warn the public that there may be some charge in tax decisions to fill the hole in the budget that they found, to increase sustainable it in the uk. now it is hard to tell what the effects of this will have on growth because italy depends on how it is distributed. if most of the taxes for on people who are not hand to mouth consumers, but have lots of savings, let's say, that is public not going to affect the consumption that much. if on

the other hand we see some sort of tax changes or spending cuts on consumers which basically requires that government payment with the day—to—day spending, and the impact will be bigger. these are the challenging decisions the chancellor will have to make. the world's biggest fashion retailer, inditex, has reported a 10% rise in first—half profits. sales at the company behind zara increased at a slower pace than last year. times are tougher for fashion retailers in europe, partly due to wetter—than—expected weather in the early summer and intense competition. despite those headwinds, inditex posted net incomes ofjust over $3 billion in its first half ending injuly. kate hardcastle, consumer expert at insight with passion explained why inditex is so successful.

definitely i think, particularly with zara which is the lion's share of its business, about 70%, you got an organisation where it is a fast fashion and it might not be glamorous to talk about that but it has been a huge saving grace as this organisation has used and adapted to technology, not only to create that presence in—store and online, but also to ensure that its stock is adjusted to consumer demands and needs and whether the weather impacts it or much more, i think, the weather impacts it or much more, ithink, the the weather impacts it or much more, i think, the price pointing in the type of product in—store, what is taking the consumer's fancy, they are able to move quickly with the needs and wants and that really makes for an organisation that has a strong parrot that keeps delivering these results back. that doesn't mean however there are not challenges, too, but there is a focus within europe and i think that is something that this company can rely on,

they have a huge strength in buying power which means they can reach those prices often from factories and places that other fashion organisations just cannot do. but with every organisation in the fast fashion model, we have to think about sustainability, we have to think about the pressure that will come through consumers and as well as competitors biting at their heels, there is also the re—commerce element where we see brands like vinted and de pub grow from strength to strength as a different attitude to buying in the reseller market. martha lane fox rose to fame in the 19905 dotcom boom, as one of the founders of the travel website lastminute. com. she went on to join the board of the social media company that was then known as twitter, now known as x. that means she was at the heart of twitter�*s acquisition in 2022, when elon musk bought the platform. my colleague evan davis asked her about the decision to sell twitter for the bbc series, decisions that made me a leader.

did ijoin the board of twitter to sell it to elon musk? i did not because it is a fascinating company at an interesting time but in the end, that's what you have to do, you have to represent the shareholders. having signed the deal, you then have to uphold the law as a director so, yes, we sold it because he gave us a good price and we upheld the law because thatis and we upheld the law because that is what you do, i believe. he signed the offer and had to go through with it? obviously it was twitter, it is now x, there is an enormous confusion over the branding and what it is and people talk about it as, formerly twitter. it is much messier on the timelines, a lot more rubbish coming in. i use it probably less but it is a much messier product than it was but he did reduce the costs by 80%. it hasn't fallen over

exactly, it functions and you can imagine doing a lot of what he has done on the cost base without all the other stuff that has gone with that. i agree, it has not fallen over but i would argue that this stuff matters because twitter did have a different reach to other platforms, it is in the public sphere in a different way. public sphere in a different wa , g ., ., , , public sphere in a different way. journalism is focused on it. so way. journalism is focused on it- so our _ way. journalism is focused on it. so our politicians - way. journalism is focused on it. so our politicians and - it. so our politicians and political _ it. so our politicians and political leaders. - it. so our politicians and political leaders. in - it. so our politicians and political leaders. in 22 l political leaders. in 22 before, more elections are happening than in recent history and if we had still been part of the company, they would have been focusing on the misinformation and trying to make sure that as much as possible, you were able to have a high quality information of iges don't know if that is true because those teams have been decimated and i think you're right, the company is still operating but whether it will operate safely and well, that is a different question. and you can watch more of that interview on decisions that made me a leader on the bbc

iplayer here in the uk. the uk property listings website rightmove has rebuffed a takeover approach by its australian equivelant, rea. rightmove says the offer of £5.6bn — that's 7.3bn dollars — fundamentally undervalued rightmove and its future propsects. rea is majority owned by rupert murdoch's newscorp, which is reportedly keen to diversify its revenue streams as the newspaper industry continues to decline. the italian banking giant unicredit says it's bought a 9% stake in germany's commerzbank and it's seeking approval to buy more. it bought some of the shares in a planned sale by the german government and bought the rest on the open market, raising the prospect that it's interested in a full takeover. commerzbank�*s shares havejumped by as much as 17% in early trading. amazon web services has announced a planned 10 billion dollar investment to build and operate new data centres in

the uk over the next 5 years. the cloud computing division of the internet giant claims it will says it will contibute 18 billion dollars to the uk economy by the end of 2028 and support 111,000 jobs. its soup cans were made famous in artworks by andy warhol but the campbell's soup company is dropping soup from its name after more than 100 years. campbells says it's part of a shift in focus to other snack foods and jarred sauces. chief executive says "we will always love soup" but "today we're so much more than soup". stay with us here on bbc news.

hello from the bbc sport centre. i'm pippa horn. now it was written in the stars for england captain harry kane who celebrated his 100th cap with two goals in england's nations league win over finland. the bayern munich striker scored his 67th and 68th international goals in the second half leading his team to a 2—0

victory at wembley. he deservedly took centre stage in lee carsley�*s second game as interim manager, making it two wins from two. england's all time leading goal scorerjoins an illustrious list of players to earn 100 caps, but now his sights are firmly set on what's next. i try to never set limits on what i can achieve. i know playing in this team i will get chances and if i get chances, i feel like i can score many goals. i am going to keep going as long as i can and who knows what we can reach? some of the top players in the world have scored more than i have so there are targets there to try and achieve. brazil have suffered their fourth defeat in their last five qualifying games for the 2026 world cup. this time they were beaten in paraguay with inter miami's diego gomez scoring the only goal of the match. the result leaves the five time world champions fifth in the qualifying table with just three wins

in eight games. however their poor form isn't expected to cost them