the boss of bmw tells the paris auto show that europe should cancel its planned ban on petrol and diesel cars. and going nuclear — google becomes the world's first company to use small reactors to power its data centres. welcome to business today. let's start in the uk where the latest data on wage growth have raised expecations of further cuts to the cost of borrowing this year. average wages, excluding bonuses, grew at an annual pace of 4.9% between june and august, falling below 5% for the first time since 2022. i'm joined by kathleen brooks, research director at xtb. kathleen, it does still show that wages are growing much faster than prices in general, but how is it shifting the market's expectations as to when the bank of england win

next at interest rates?- next at interest rates? there is an slight — next at interest rates? there is an slight increase - next at interest rates? there is an slight increase in - next at interest rates? there is an slight increase in the i is an slight increase in the chart is a rock at next month in november but there was priced in already. we have seen a big drop in inflation and we are expecting to see inflation for them —— below the bank of england's target of 2%. i think this is where we are symbolic and is showing that this is inflation trend is that —— persisting. it is not all bad news for consumers and for us with our money in our wallets. a real pay growth is holding up pretty well. a real pay growth is holding up pretty well-— a real pay growth is holding up pretty well. some are out there are forecasting _ pretty well. some are out there are forecasting that _ pretty well. some are out there are forecasting that the - pretty well. some are out there are forecasting that the bank. are forecasting that the bank of england could quite rates twice this year. another two times this year. november and december. what are your thoughts on that? i december. what are your thoughts on that?- december. what are your thoughts on that? i think that is a little bit _ thoughts on that? i think that is a little bit which _ thoughts on that? i think that is a little bit which at - thoughts on that? i think that is a little bit which at the - is a little bit which at the moment. when doubts will be solidified is how we would do in 03 and that is when we see bets about a december rate cut. i think they are underwriting

the chart of bank of england cuts. over the next year, there a four and a half percent at price in. that is compared to six in the us. that is where were going to the bets on further rate cuts and more rate cuts start to ramp up.- cuts start to ramp up. thank ou cuts start to ramp up. thank you very _ cuts start to ramp up. thank you very much _ cuts start to ramp up. thank you very much with - cuts start to ramp up. thank you very much with that. - the chief executive of bmw says that the european union should cancel its planned 2035 ban on petrol and diesel cars if it wants to reduce its reliance on china. oliver zipse was speaking at the paris auto show where chinese car manufacturers have been making a bigger splash than ever before. the bmw boss said the mood in europe was trending towards pessimism and that the region needs a new regulatory framework to remain competitive. bmw has long called for regulators to pursue a variety of fuels, including

biofuels, hydrogen and fossilfuels, to achieve environmental targets. car—makers are ploughing huge sums into developing electric cars, but ev sales have been falling and the competition from china is intense. our business correspondent, theo leggett is at the paris they auto show and spoke with the chief executive of the renault group. what makes me optimistic is that they had to ask itself the ask —— what they write to questions of the four years ago. right now, this is giving us an advantage because some of the cars are coming to the market from three or four years ago, many electric and hybrid cards. a lot of technology. we try to be anti—psychical and meet those kinds of negative trends. if you're wondering about the show, you see that there are large and by chinese brands are here for that they

are expanding under the european market quite aggressively, what is that to you? i aggressively, what is that to ou? ., ., ., ., ., you? i am old enough to have seen a japanese _ you? i am old enough to have seen a japanese coming - you? i am old enough to have seen a japanese coming into l seen a japanese coming into europe, of course the americans before, the japanese in the 19805 and 19905. then the koreas are coming in. if you sum up the american, japanese, and creators, who have been here for decades, their market share has been 25%. this is not 90 five. so we are still there. we have been expanding in 90 —— and other markets in the wild. it is going to be the same with the chinese. right now, one of the chinese. right now, one of the challenges that we have is that the chinese started on one side alley than others. we have to catch up with two generations than one. don't underestimate the capability of the ups to find the right measures of the challenges. you need help to _ measures of the challenges. you need help to do _ measures of the challenges. you need help to do that? the european union thinks that you do. they have introduced towers

on chinese eateries, supported by your own government. do you think this is a necessary move? this is also most illegal. there are rules of the game. their watchdogs from the european community, they are certified where some companies did not play the roles. that is why we did not do the american way where you have 100% of anything, it is chinese but it is just focused on some companies, right? and i have nothing to say that. you do not discuss a judgment of the supreme court so the real question is are we able to catch up on those value chains that are today controlled by chinese operators from upstream to downstream? kind we can be competitive in five years? that is a real question. _ competitive in five years? that is a real question. so - competitive in five years? that is a real question. so let - competitive in five years? that

is a real question. so let me be —— but let me ask you that question. can you make electric cars as cheaply and efficiently as a chinese? that is what we're talking about here? it is possible. _ we're talking about here? it 3 possible, we just have to react. we need to be creative and competitive. this is the focus of our company. to pakistan now where the chinese premier li 0iang has arrived for a summit of the shanghai cooperation organisation. the sco it's a cross border grouping of countries in central asia focusing on defence and economic issues, including china, russia and iran. it was created as a counter measure to limit western influence and it covers 42% of the world's population. joining me now is sharmila whelan, global macro strategist, westbourne research services. thank you forjoining us today. what exactly from an economic perspective are they going to be talking about? that

perspective are they going to be talking about?— be talking about? that is a very good _ be talking about? that is a very good question. - be talking about? that is a very good question. i - be talking about? that is a very good question. i have j be talking about? that is a - very good question. i have been quite measured in releasing the agenda. basically, they are looking for greater integration and strength and cooperation on the economic front and that means investment. as we know, pakistan has invited about a hundred chinese companies and i am sure they are looking to —— other countries are looking to do deals within themselves and in particular, with china. figs do deals within themselves and in particular, with china. $5 a in particular, with china. as a grouping. _ in particular, with china. as a grouping. how _ in particular, with china. as a grouping, how effective - in particular, with china. as a grouping, how effective and impactful has it been in the past? i impactful has it been in the ast? ~ , ., ., impactful has it been in the ast? ~' ., ., impactful has it been in the ast? ~ ., ., ., past? i think you have got to think of 550 _ past? i think you have got to think of seo integrating - past? i think you have got to think of seo integrating with j think of seo integrating with the initiative project. it has been impactful in the sense that there's been a lot of infrastructure. if you look at the initiative with the drones, it has been over 600 billion in investment with china building

roads and ports and railways etc. on the back of that, we have seen trade pick—up for sure, but how much of a geopolitical foot —— force it is, that is highly questionable. there is economic integration that is happening and you can see that in the capital flows within the areas and seo countries, led by contra, but in terms of speaking as one geopolitical voice, it has got a long way to go voice, it has got a long way to 9° " voice, it has got a long way to go —— led by china. voice, it has got a long way to go -- led by china.— voice, it has got a long way to go -- led by china. now i'm not not all go -- led by china. now i'm not rrot all the _ go -- led by china. now i'm not not all the members _ go -- led by china. now i'm not not all the members are - go -- led by china. now i'm not not all the members are super. not all the members are super china friendly, in particular india, who has criticised the chinese initiative that you are mentioning there?— mentioning there? there has alwa s mentioning there? there has always been _ mentioning there? there has always been historical - mentioning there? there has i always been historical tensions between china and india, there's been history of dispute along the border and india is

naturally concerned about china's influence growing and being right on their doorstep. but... you are seeing the comments on india and there are generic —— generic consent. the economic reality is a bit different. if you look at the numbers, the integration between china and india is growing. if you look at, for instance, trade between china and india... i instance, trade between china and india...— instance, trade between china and india. . . and india... i am sorry to have to cuts you — and india... i am sorry to have to cuts you off, _ and india... i am sorry to have to cuts you off, but _ and india... i am sorry to have to cuts you off, but we - and india... i am sorry to have to cuts you off, but we have i and india... i am sorry to havej to cuts you off, but we have to leave it there. thank you for joining us today. to tech now — as google has become the world's first company to agree to buy power from multiple small modular nuclear reactors. this as the search giant looks to meet its burgeoning electricity demand from artificial intelligence and data centres. tech companies are increasingly turning to nuclear power as a way to fulfil the growing energy demands. ritika gupta has the details. in a first of its kind deal, google has committed to buying

power generated by nuclear energy start—up kairos power. google will back the construction of seven small modular reactors in the us. the agreement targets adding 500 mw to the grid, starting at the end of the decade. advocates of smaller reactors point to lower costs, faster completion times and location flexibility. data centres need 24/7 reliable power and right now, nuclear is the only source of emissions—free baseload power. the announcement is yet another example of the growing partnership between tech companies and nuclear power. last month, constellation energy and microsoft struck a deal to restart the reactor at pennsylvania's three mile island, the site of the country's worst nuclear power accident. and earlier this year, amazon purchased a data centre at another pennsylvania nuclear power plant. staying in the us now where its been another record breaking day on wall street with both the s&p 500 and the dowjones notching up fresh high finishes. and its been tech and

ai once again firmly in the driving seat. nvidia, the ai chip making giant led the pack closing at a record high with its market capital now standing at 3.4 trillion dollars. which sees it once again knocking at the door of apple to become the worlds most valuable company.joshua mahony from scope markets explained what he thinks is behind the surge. ultimately, the reason why we've seen such incredible gains is, of course, it's an incredible business, but at the same time, we can't necessarily put our finger on when this run is going to come to an end. so it allows you to dream of a never ending bull run for this company. we don't necessarily know when the big tech names are going to stop spending billions on on these chips, and we don't necessarily know when we're going to transition to see other businesses really ramping up their spending in a bid to be able to compete on the ai front. all we do know is the company, every time around seems to beat on both earnings and revenues. and therefore we're coming into earnings season once again on a relatively positive footing. that's not always the case. sometimes when we see earnings season, there's a lot ofjitters at the beginning as people worry about sky high valuations with the fact that we've seen record highs coming into this time around, it does point towards relative

confidence, despite the fact that you do have plenty of question marks in the middle east in terms of the us election ahead. and seemingly, markets are quite happy to be bullish and see the s&p 500 at a record high in the same for the number two in nvidia. that is your business today. the new york team will have the next programme coming up in three hour�* time. stay with us here on bbc news.

from the bbc sport centre. hello from the bbc sport centre. the arsenal women�*s managerjonas eidevall has resigned from his position as head coach, leaving the club with immediate effect after three seasons in charge.

the announcement follows arsenal�*s 2—1 loss to chelsea at the weekend, meaning they now have just one win in five matches and are sixth in the women�*s super league. the swede joined arsenal in 2021, and lifted two league cups. eidevall also took the club to the semi—finals of the women�*s champions league in 2023. speaking at the squad announcement for england women�*s october friendlies, manager sarina wiegman said she was taken aback at the decision. i�*v e i�*ve just heard it. i�*vejust heard it. to be honest, i was a little bit in shock and i did not expect it. of course, that is really sad. i think it is always sad when things happen like that del mag that. i did not expect it. i had a good working relationship with him. so it�*s —— i was a little bit flabbergasted to be honest. to the nations league and france beat belgium 2—1 on monday, despite not having star player kylian mbappe in the squad. france striker randal kolo muani scored with a penalty in the first half, before heading the winner in the second. france saw out the win despite having captain aur lien

tchouam ni sent off with m minutes left. mbappe made himself unavailable for this round of games. belgium are third in the table with four points. the top two teams qualify for the quarter—finals. in the other results, italy are top of that group after their 4—1 win over israel who are bottom. in group three, bosnia lost 2—0 to hungary; germany beat the netherlands 1—0 . and in league b, wales beat montenegro 1—0. all the results are on the bbc sport website. the five nominees for bbc women�*s footballer of the year have been announced. they�*re shortlisted by an expert panel made up of current and former professional players, coaches and journalists. the winner is decided by fans voting from all around the world. i want to be the greatest footballer in the world. everyone can read about me and say, we had me.

putting on my zambian shirt, it is very important for me. i managed to score a hat—trick at the olympics. it was a great moment for me. we are hoping to do better but it is unfortunate that we do not go further. i am lucky enough — that we do not go further. i am lucky enough to _ that we do not go further. i am lucky enough to be _ that we do not go further. i am lucky enough to be part - that we do not go further. i am lucky enough to be part of - that we do not go further. i am lucky enough to be part of this great — lucky enough to be part of this great team, barcelona. because i great team, barcelona. because lam — great team, barcelona. because i am waiting —— playing with a lot of— i am waiting —— playing with a lot of great players, that makes _ lot of great players, that makes you a great player. we want — makes you a great player. we want to — makes you a great player. we want to win everything. the mentalities are important for me — mentalities are important for me. being ambitious, be ambitious every year and every yeari _ ambitious every year and every year. it— ambitious every year and every year. it is— ambitious every year and every year, it is more in the past year~ — year, it is more in the past ear. 3 , year, it is more in the past ear. g ., ., year. my mum says that at the world cup _ year. my mum says that at the world cup last _ year. my mum says that at the world cup last year, _ year. my mum says that at the world cup last year, she - year. my mum says that at the world cup last year, she said l year. my mum says that at the world cup last year, she said i | world cup last year, she said i cannot believe that we are here. and i am like me neither. i am honoured to be up for this award and to be a defender on there i think is really cool,

we are playing a big part to do things with the team for working with a back line and trying to organise things with you. this is that camaraderie where you have to grind it out. i think without that the bees, it is really hard to win. the highlight. _ it is really hard to win. the highlight, must _ it is really hard to win. the highlight, must be - it is really hard to win. the highlight, must be the champions _ highlight, must be the champions league. i highlight, must be the - champions league. 50,000, highlight, must be the _ champions league. 50,000, the like over— champions league. 50,000, the like over hundred. _ champions league. 50,000, the like over hundred. he _ champions league. 50,000, the like over hundred. he to - champions league. 50,000, the like over hundred. he to lift - like over hundred. he to lift the trophy_ like over hundred. he to lift the traphy in _ like over hundred. he to lift the trophy in front - like over hundred. he to lift the trophy in front of- like over hundred. he to lift the trophy in front of then l the trophy in front of then full— the trophy in front of then full with— the trophy in front of then full with them. _ the trophy in front of then full with them. i- the trophy in front of then full with them. i cannot i full with them. i cannot describe _ full with them. i cannot describe it. _ full with them. i cannot describe it. it _ full with them. i cannot describe it. it is - full with them. i cannot describe it. it is too - full with them. i cannot i describe it. it is too good full with them. i cannot - describe it. it is too good to be true _ describe it. it is too good to be true so— describe it. it is too good to be true. so many— describe it. it is too good to be true. so many girls - describe it. it is too good to be true. so many girls nowl describe it. it is too good to i be true. so many girls now out there _ be true. so many girls now out there want— be true. so many girls now out there want to _ be true. so many girls now out there want to become - be true. so many girls now out there want to become a - there want to become a footballer— there want to become a footballer and - there want to become a footballer and want- there want to become a footballer and want to i there want to become a - footballer and want to pursue their— footballer and want to pursue their dreams. _ footballer and want to pursue their dreams. that _ footballer and want to pursue their dreams. that is - footballer and want to pursue their dreams. that is a - their dreams. that is a beautiful— their dreams. that is a beautiful thing. - their dreams. that is a beautiful thing. this i beautiful thing. this opportunity- beautiful thing. this opportunity gives i beautiful thing. this opportunity gives us beautiful thing. this - opportunity gives us the opportunity_ opportunity gives us the opportunity to— opportunity gives us the opportunity to gives - opportunity gives us the opportunity to gives —— i opportunity gives us the i opportunity to gives —— to opportunity gives us the - opportunity to gives —— to be role — opportunity to gives —— to be role models _ opportunity to gives —— to be role models for— opportunity to gives —— to be role models for the - opportunity to gives —— to be role models for the next - role models for the next generation— role models for the next generation for— role models for the next generation for that - role models for the next generation for that theyl role models for the next. generation for that they will have — generation for that they will have it _ generation for that they will have it 100 _ generation for that they will have it 100 times _ generation for that they will have it 100 times better- generation for that they will. have it 100 times better than we had — have it 100 times better than we had it _ have it 100 times better than we had it i— have it 100 times better than we had it— we had it. i 'ust remember seeini we had it. i 'ust remember seeing the — we had it. ijust remember seeing the ball— we had it. ijust remember seeing the ball hit - we had it. ijust remember seeing the ball hit the - we had it. ijust remember| seeing the ball hit the back we had it. ijust remember. seeing the ball hit the back of the net. a kind of blacked out a little bit. it was a lot of

emotion we did it. we are about to play for a gold medal. i rememberfor that game. for remember for that game. for that rememberfor that game. for that game. i remember leaving out the goal, feeling like we are going to win this game. you can feel that collective beliefs. ifelt like i was going to cry of happiness and joy- going to cry of happiness and joy. when a gold medal, it was a dream come true. details of how you can write —— break on the bbc sport website. the rate closes in december. after a nervy start, pakistan have played well on the first day of the second test against england, using the same pitch as the first test in multan, which england won. jack leach got the first two wickets for england, but then debutant kamran ghulan came to the crease and is on 91 not out. pakistan are 190 for 4. matthew potts and brydon carse getting a wicket each. new zealand are through to the semi—finals of the women�*s t20 world cup after beating pakistan in their final group match.

the white ferns�* won the toss and batted first, reaching 110 for 6, thanks to 28 from opening batter suzie bates. amelia kerr swept up the pakistan tail as new zealand replaced india in second place in the final standings and qill play either england or south africa in the semi—finals. and that�*s all the sport for now. more details on all of this story is on the bbc sport website. you can keep up—to—date with the cricket between pakistan and england and you can also find out about how you can vote for the bbc women are�*s sports a footballer of the year. that is it from now. thanks for watching. bye—bye. the uk�*s health secretary, wes streeting, says weight loss injections could be an effective tool for getting unemployed people back into work. he says the new treatments could be life—changing" could be "life—changing" for many people, ease demands on the nhs, and have benefits for the economy.

our chief political correspondent henry zeffman has been speaking with the prime minister about what the government�*s plans are around this drug. well, this is about an investment that the government secured as part of the investment summit that it was talking about, that we were talking about a lot, weren�*t we? this is an investment from lilly, which is the world�*s biggest pharmaceutical company, which will include as part of that package of money, a trial, notjust of how weight loss drugs impact people�*s waistbands, but also how it impacts the economy, what it means for worklessness, and so on. obesity—related diseases can affect the economy. and i was just speaking actually to the prime minister, keir starmer, for bbc breakfast in downing street, about this and other issues relating to the budget. let�*s listen to what he had to say. i think these drugs could be very important for our economy

and for health. again, the story behind this is really interesting. here's one of the biggest pharmaceutical businesses, pharma companies, that's decided now's the time to put the investment into our country. this is consistent with our pitch, which is, you know, now's the time to invest in britain doing their research here. this drug will be very helpful to people who want to lose weight, need to lose weight, very important for the economy so that people can get back into work. very important for the nhs because as i've said time and again, yes, we need more money for our nhs, but we've got to think differently. we've got to reduce the pressure on the nhs. so this will help in all of those areas. strikingly optimistic from the prime minister there about the impact of long—term investment. but i think what a lot of people who voted for him at the general election and didn�*t want to see is short term impact on their lives, short—term improvements in their lives. well, a fortnight tomorrow will be this government�*s first budget presentation of its fiscal plans. and then i think we will learn an awful lot about how things are shaping up for this government and for the country. an appeal�*s been launched

to save the salford lad�*s club. the venue was made famous by bands like the hollies and the smiths — but now needs to raise a £250,000 to stay open. it�*s helped thousands of young people since it opened 120 years ago. katie walderman reports. for almost 120 years, it�*s provided a lifeline for young people in the local community. but now salford lads club is the one desperately in need of help. the pandemic, the cost of living crisis and competition for grants has taken its toll. it needs to find £250,000 million by november. if it doesn�*t, it will close. we�*ve had reserves for a very long time, but then those, you know, once they start to dwindle, it�*s on this kind of knife edge. we�*re now going into a kind of crisis point, and we�*ve got to raise £250,000 to keep us going until next year, next august. but the reality is to secure its future, they�*ll need even more than they�*re asking for. this is a really vital part

of the fabric of this country. working—class heritage is ignored. this has got to be saved for everybody. salford lads and girls club, as it�*s now known, has a proud history of helping to foster young talent. the hollies practised here before they were famous, while bbc radio manchester�*s mike sweeney was also a past member. it's totally and absolutely irreplaceable. if that goes, you couldn't get enough money together to reconstruct it, because you've interrupted the dna of that place. the club became a musical mecca after the smiths used it as a backdrop for an album cover, with fans of the manchester band still making the pilgrimage today to see it, including jacob from australia. i love the smiths, so i wanted to see the salford lads club i and get a photo at the front, just go and see it for its, - like, historical, you know, historical importance. - but the revenue from visitors and merchandise isjust a drop in the financial ocean and not enough to fund the cost of providing free activities six days a week for hundreds of young people. have you told the kids yet? have you broken the news

that this place may close? yeah, so we�*ve spoken to the young people, and of course they�*re quite devastated. but a lot of them have got some really good ideas to do some fundraising themselves. with just eight weeks till the money runs out, the charity hopes some big names will also get on board with theirfundraising. katie walderman, bbc news, salford. now it�*s time for a look at the weather with carol kirkwood. hello again. we�*ve been talking about the temperature a lot this week and over the couple of days, you�*ll notice it is going to turn much milder than it has been. you can see this illustrated on our air mass chart where we�*ve got the yellows and also the ambers, notjust today, especially tomorrow, but even as we go through the next few days. that does not mean it will be bone dry, it�*s actually going to be wet and windy. now today, it�*s a breezy day, mostly dry but there�*s a lot of cloud around and that�*s been producing some drizzly bits and pieces. the cloud should break as we go into the afternoon for some of us and it will brighten up but the lion�*s share of the sunshine today will be across the north of scotland.

then we�*ve got some rain coming in across the south—west later in the afternoon. temperatures 12 to 19 north to south. so, talking of later on in the day, you can see how we start off with all this cloud. the rain comes in from the south—west, pushing steadily north—eastwards. again, breezy, with exposure in particular, and some of the rain will be heavy and thundery, especially in the south. but once again, it is going to be a mild night. so we start on that note tomorrow. a lot of rain around. it�*s trying to edge northwards and eastwards, its passage being blocked by an area of high pressure on the near continent. but as it slowly moves towards the east, behind it, it will brighten up a little bit but there will still be some showers and dependent on how much sunshine we get in the south—eastern corner, we could see highs of 20 or 21 but regardless, it will be mild, even in the rain. so as we head through thursday, again, a lot of dry weather

around after the rain clears and then into the weekend we�*ve got more wet and windy conditions coming our way. so the rain clears early doors. that leaves us with a lot of dry weather, a fair bit of sunshine around, but a peppering of showers in the north and also the west. temperatures 13 to about 19 degrees. and, again, another windy day with exposure. into friday then, and friday too sees a lot of dry weather to start the day. it�*s going to be windy, especially in the west. a risk of gales across the far north—west. you can see some showers and then some heavier rain pushes in from the west as well. temperatures ranging from 12 in lerwick, to 16 in hull, to 17 in london.

live from london, this is bbc news. israel says it will make decisions based on its own national interest, hitting back at a us media report suggesting prime minister netanyahu opted against attacks on iranian nuclear sites. the un warns of a lost generation as over 400,000 children have been displaced in lebanon. meanwhile, the second round of polio vaccination for children continunes in gaza.

we will be speaking to ourjerusalem, beirut and gaza correspondents for the latest from the region. kamala harris and donald trump hold key rallies in the battleground state of pennsylvania, with just three weeks to go until the us election. well, it is extraordinary. i have reacted to it in as many ways as you can possibly react to it. it is wonderful. we hear from hollywood legend al pacino as he looks back on his career, and how he�*s enjoying becoming a dad for the fourth time at the age of 83. hello, i m anita mcveigh. welcome to bbc news now — three hours of fast—moving news, interviews and reaction. the israeli prime ministers office has hit back at speculation about how his country will retaliate against iran�*s

missile attack two weeks ago