filed a complaint at iii! filed a complaint at the world trade - filed a complaint at the world trade organization \ - filed a complaint at i the world trade organization in response to the eu decision to impose tariffs on chinese made electric vehicles. beijing said it did not, quote, agree with or accept the tariffs which take effect today. more without reporter who has been following this. are you surprised? this was something we expected, didn't we?— didn't we? exactly, this ev tariffs saga _ didn't we? exactly, this ev tariffs saga has _ didn't we? exactly, this ev tariffs saga has been - didn't we? exactly, this ev tariffs saga has been going didn't we? exactly, this ev i tariffs saga has been going on for quite some time and finally it is official. they take effect from today. the chinese are not happy of course. we are talking about 20, 30, 40% tariffs on chinese made evs, depending on the brand. that's going to hit the industry, the individual companies. share is already down in hong kong this morning. but if you think about the chinese economy more broadly, this is hitting them where it hurts and the economy has been stagnating. traditionally it was powered by

construction, manufacturing. that's been slowing down, so evs was the great new hope for the chinese economy and they thought that's the way forward. the problem is, countries around the world think evs is the way forward, and the eu said, look, you can'tjust start selling cheap government subsidised cars into our market because our car makers won't be able to keep up. it's not fair, so we are going to put on these tariffs. the chinese have said, that's not fair, it's not our fault we are so far ahead of you in the ev race, so hence this complaint to the wto. what ha--ens this complaint to the wto. what happens now. — this complaint to the wto. what happens now, what _ this complaint to the wto. what happens now, what is _ this complaint to the wto. what happens now, what is the - happens now, what is the process?— happens now, what is the rocess? , , ., ~ ., process? these things take a lot of time. _ process? these things take a lot of time, sometimes - process? these things take a lot of time, sometimes they | process? these things take a i lot of time, sometimes they are settled in the negotiation and arbitration, sometimes they are not and the other country takes retaliatory measures. we already know china is looking into tariffs on things like european pork and brandy and cheese and things like that. but frankly, asia doesn't want

another trade war. they have already got 100% tariffs on chinese evs in canada and the us. so europe is a really, really crucial market, they don't want to lose that. and there is a key point we should remember. not all european countries are totally on the same page when it comes to these ev tariffs. the german car makers sell a lot to china and they make cars there, they don't want anything to do with this and beijing knows this. they have said they want to negotiate and bring these countries to the table, may be agree some sort of pricing scheme, so negotiation is probably the most likely way forward. ., ,. ., probably the most likely way forward. . ,. ., ., probably the most likely way forward. ., ., ., . forward. fascinating to watch, thank yom _ forward. fascinating to watch, thank you. earning _ forward. fascinating to watch, thank you. earning season - forward. fascinating to watch, thank you. earning season is l forward. fascinating to watch, | thank you. earning season is in full swing in the us. google parent alphabet beat third—quarter revenue expectations, helped by the growth of its cloud computing business.

that sent its stock up 5% after the bell. alphabet reported third—quarter sales that topped analyst expectations — the parent company of google was helped by steady growth in its digital advertising business, and an ai jump in demand for cloud services. alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion. their ceo said investments in al were paying off in use and sales in its search and cloud businesses. as the main search business matures, google is betting on growth in the cloud division which applies computing power, software and services to other companies. google drew more cloud customers using ai expertise to gain ground on rivals amazon and microsoft. chip—maker amd has reported that its data centre business

including ai chips has doubled in sales for the second straight quarter. the chief executive has also raised the forecast for al chip sales for 2025, but it fell short of analyst estimates, who see the company lagging behind market leader nvidia, sending the stock down 7% in after—hours training. earnings for the third quarter for snap saw shares soar. up 10% after hours. a 15% increase and the company narrowed its net loss to $150 million, however it lowered its outlook for the fourth quarter citing softer advertising spend. meta, amazon and apple will also report this week as analysts watch for clues on whether the big spend on artificial intelligence is starting to deliver results. it's interesting right now, all but two of the big seven are reporting. some of the things you

highlighted, the sensitivity, ad spend will be strong in an election year, we will see big ramp up in ad spend, and a soft landing in terms of the economy, which means that has been resilient. those areas we saw last night were still resilient. cloud and ai chip spending will be watched, notjust the result, but given where valuations are, the outlook into 2025. we also think, if you want to play ai, you can look outside, into semiconductor software, data infrastructure, the pickaxe and shovels that build ai. i want to ask you about al, hugely expensive investment for these companies, probably takes a long time to pay off. is it paying off for any of them? that is the trillion dollar question. the key thing for investors and ceos now, what is the return on investment for al spend?

we have seen that software development is the most popular area, ai chatbots, hr support, but will it be like the internet in 2000, where efficiency gains took longer than expected ? we think there are real efficiency gains, but the key is which companies implement them earlier and employ it in their architecture. that is the first step. but right now you have five companies driving 80% of the cap ex spend. for now, it's full steam ahead. mcdonald's customers in the us have sued the fast food chain over the e. coli outbreak linked to a quarter pounders. they said they experienced symptoms associated with infection and claim they would not have bought the burgers if mcdonald's had disclosed the risk of contamination. mcdonald's has not yet responded to the lawsuit but said the e. coli outbreak has been contained on the latest earnings call on tuesday.

turning to spain, record numbers of migrants arriving on its shores this year, putting the issue of immigration firmly at the centre of political debate. it has also raised questions about the place of migrants within the spanish economy. last year, spanish gdp grew about 3%, but there are concerns that the low birth rate could cause long—term problems unless large numbers of immigrants are incorporated into the workforce. asylum seekers play bingo in the hotel where they are being housed near the city of leon. many have harrowing stories, such as michael, who left his native ghana to escape a local feud which saw his father and sister killed. i was so happy, i was so happy. all my troubles, people trying to kill me. it's over. in spain, you are safe. this hotel has been converted into a stay centre, housing around 170 sub—saharan africans who arrived in spain recently.

a local ngo gives them advice on labour law and teaches them spanish. with a view to helping them find jobs. translation: we are in contact with a lot of companies in leon l in leon in industries like construction, forest management and farming. they get in touch because they know we have people who want to work. this man from mali recently started working in a nearby factory that makes products from marble and granite. translation: we need| a lot of manpower in this profession, but it's tough, it gets cold. you have to lift heavy weight. so it's not thejob many young people here want to do, so immigrants provide an important opportunity for us. more than 38,000 undocumented migrants have arrived in spain so far this year. most of them travelling from

africa to the canary islands. while these arrivals have generated fierce political debate, many believe the economic case for them to join the workforce is overwhelming. spain's central bank, whose headquarters are right behind me, recently published a report underlining the importance of immigration for the national economy. in fact, it said that, over the next 30 years, spain's going to need around 25 million immigrants in order to keep the economy on track. the low birth rate means the number of working age spaniards is shrinking. so you want to grow gdp and pay pensions for all the retiring baby boomers. you need to grow gdp in a different way. because there will not be as many people, unless we bring them in to immigration. in through immigration.

spain represents a new life for these migrants. but their arrival could also mean a new start for the spanish economy. a fascinating report. that's all we have on business today but check out the website for analysis and latest news, especially in the run—up to the ever important us election.

hey, i'm ruby with the catch—up. tonight — fake drugs, a living wage boost, and an ancient city makes a comeback. but first, anti—anxiety medication bought online has been linked to hundreds of deaths in the uk. anyone can try and buy this medicine, but it turns out what some people are receiving are actually synthetic opioids. yeah, they're called nitazenes, and they can be even stronger than heroin or fentanyl. experts are warning that it's difficult to tell them apart from the real thing. they look the same — same packaging, the colour will be the same. people might buy them deliberately because they want to feel the effects, or they might be seeking them out because they developed a dependence.

some other stories now. three million low—paid workers will get a pay rise next year, with the national living wage set to increase to £12.21 in tomorrow's budget. it makes finding a job that can pay the bills a lot easier. what it is at the moment, it's not enough. raising it up would make it easier for everyone. - and if you've ever felt bad for scrolling online when you're meant to be studying, take a look at this. a phd student has stumbled upon an ancient mayan city on a random google search. it's the first discovery since it disappeared hundreds of years ago. the city is about the same size as edinburgh, and it even has sports pitches. time now for ten seconds of perhaps the spookiest house in town — going strong for 20 years now in southend, can anyone beat this house where the owner has even created a ghost ship?

all to raise money for charity. you're all caught up now. have a good night.

hello and welcome to sportsday. our top stories. a step closer — sporting revealed manchester united want ruben amorim and are prepared to pay for him. bayer leverkusen avoid a shock in the german cup, with patrik schick helping them steamroll elversberg. and off to a winning start, carlos alcaraz has

no problems in paris. hello again, welcome to sportsday. barely a day after reports linking ruben amorim with the manchester united job, his club have made the approach public. sporting revealed on tuesday that united are interested in making amorim their next manager and are willing to pay his release clause of 10 million euros. united have been looking for a new boss after sacking erik ten hag on monday. we knew this day would come sooner or later. we were hoping later. certainly not mid—season. sporting are having a fantastic season. ruben amorim has done an amazing job. but this is probably... well, he's actually said it himself. this is his best sporting side.

and so, you know, things were going so well, a lot