made electric vehicles. beijing said it did not, quote, agree with or accept the tariffs, which take effect today. more with our reporter who has been following this. are you surprised? this was something we expected, didn't we? it was, this ev tariffs saga has been going on for quite some time and finally it is official today. 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, and the individual companies. shares already down

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 were to drive prosperity. the problem is, countries around the world think evs is the way forward. the eu said, it's not fair, so we are going to put on these tariffs. the chinese have said, it's not our fault we are so far ahead of you in the ev race, so hence this complaint to the wto. what's next, what is the process? these things take a lot of time, sometimes they are

settled in negotiation, 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 asia doesn't want another trade war. they have them already in canada and the us. they have already got 100% tariffs on chinese evs so europe is a really, really crucial market. they hope there is room for negotiation with the europeans. 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 might sense room for negotiation and that might be the next stage of negotiations when it comes to these ev tariffs. 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—drivenjump 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 its cloud division which supplies 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 its stock down 7% in after—hours training. 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 just 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 us

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 — a hugely expensive investment for these companies, probably takes a long time to pay off. is it paying off for any of them? that's the trillion dollar question. the key thing for investors and ceos now, what is the return on investment for al spend? we've 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's the first step. but right now you have five companies driving 80% of the cap ex spend. for now, it's full steam ahead. the big tech companies are turning to nuclear powered to meet energy needs. microsoft, and and google parent alphabet have been busy securing nuclear power deals and that has created a new market for providers. 0ne company that provides clean energy to data centres and factories and other facilities, their boss explained to me why nuclear energy is an attractive prospect for big tech right now. �* , . prospect for big tech right now. �*, . , . now. it's a dynamic emerging where the — now. it's a dynamic emerging where the recognition - now. it's a dynamic emerging where the recognition of - where the recognition of digitalisation as a whole but purely driven by ai and the power required to develop and

deploy and use... by the way, the understanding is still evolving in how this works. we know what it takes to train it that the use case is still evolving. but more energy needed to drive these things and support growth and further penetration. you look at how data centres operate, they want something 21w, reliable and they wanted to be clean. nuclear solves all of those so it's an exciting opportunity for us to work together. you mentioned _ for us to work together. you mentioned it _ for us to work together. you mentioned it being - for us to work together. you mentioned it being clean energy, but there is the issue of radioactive waste with nuclear energy, what is your response to that?— nuclear energy, what is your response to that? yeah, this is one of those — response to that? yeah, this is one of those things _ response to that? yeah, this is one of those things at - response to that? yeah, this is one of those things at end - response to that? yeah, this is one of those things at end of. one of those things at end of the day where when people understand it, they can say, ok, we can appreciate what it 0k, we can appreciate what it is. in other words, 0k, we can appreciate what it is. in otherwords, it's 0k, we can appreciate what it is. in other words, it's the only energy source where we completely capture and manage all of our waste, which is very important. a lot of other energy sources, we just important. a lot of other energy sources, wejustjump energy sources, we just jump into energy sources, wejustjump into the air. really importantly, nuclear waste is

mostly just unused fuel. importantly, nuclear waste is mostlyjust unused fuel. —— dump it into the air. there is a limitation in the trade—off beyond which more fuel would mean more complexity. but the waste is basically 95% unused fuel. advanced reactor technology which we are developing has the ability to recycle that material and continue to use it and extract all that fuel and harness all the amazing energy there. i wanted to ask about the relationship you have with sam altman, the founder of open ai, founder and chairman. how important, and why does ai need nuclear? �* ~' ., important, and why does ai need nuclear? �* ~ ., , . nuclear? i've known him since before open _ nuclear? i've known him since before open ai, _ nuclear? i've known him since before open ai, and - nuclear? i've known him since before open ai, and back- nuclear? i've known him since before open ai, and back in l before 0pen ai, and back in 2014, really, energy being one of the most important thing is

for humanity to grow. reliable energy. we saw nuclear as having potential to play. ai has accelerated the realisation and recognition of the importance of having scalable clean power. i think you see his involvement prioritising energy, it's clear, his time is very precious. the small time he does spend outside of open ai, he is on two energy company boards... it's a clear indication of how important he thinks it is notjust for enabling abundant future but abundant intelligence.- abundant intelligence. some breakinu abundant intelligence. some breaking news. _ abundant intelligence. some breaking news. two - abundant intelligence. some breaking news. two people i abundant intelligence. some - breaking news. two people have been taken to hospital after a fire at bae systems' shipyard in cumbria. that's according to police who say there is no nuclear risk. however people living nearby are advised to remain indoors while emergency services respond to the incident and keep doors and

windows closed. it's understood the shipyard is where british nuclear submarines are built. please check out our website for live coverage of the election night on bbc news, bbc one in the uk, and on the iplayer. sumi somaskanda and katrina perry will bring you a special programme from washington, dc next tuesday november the 5th beginning at 10:40pm gmt. thanks for watching.

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 reveal 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. amorim has done an amazing job. but this is probably...

well, he's actually said it himself.