more from new york. microsoft be well microsoft be wall street estimates for quarterly revenue and profit on wednesday, its cloud computing business is your office software boosted result assigned the companies have the investments in al are starting to pay off. they agree 60% to over $65 million as your revenue grew 33% while profit rose to $3 a share. seen as a leader among big tech appears in the ai race next to its early investment in chatgpt maker openai, microsoft has wrapped up ai services across its product offering, helping attract more customers. it's a some good news for the stock which is one of the worst performers among peak let —— underperforming rivals like alphabet and the benchmark s&p 500 index was stopped after

google has benefited from al growth on tuesday, it said ai help drive a 35% search in its cloud business. multi—billionaire elon musk has been told to appear in a court in pennsylvania on thursday, over his million—dollar giveaways to voters in swing states. prosecutors say the scheme is an illegal attempt to influence voters ahead of the us election. the billionaire boss of tesla is a leading backer of donald trump's presidential campaign. mr musk says those who want to take part do not have to be registered republicans or commit to voting. manufacturing activity in china has expanded in october for the first time in six months. the official purchasing managers�* index rose tojust over the 50—point mark which separates growth from contraction. this supports hopes that recent stimulus will boost growth in the world's second largest economy. the european union hasjust imposed steep tariffs on electric vehicles made in china. the duties from the bloc will be in place for five years. china has filed a complaint to the world trade organization over the eu decision. that follows a year—long

investigation into whether chinese ev makers are getting unfair subsidies. jens eskelund is the president of european union chamber of commerce in china. he told me that businesses aren't too worried, as trade between the eu and china remains strong. we think a little. that whole discussion about tariffs as a distraction, ev import into europe account for 1.8% of total imports from china, if you look at the other 98% in china is exported doing absolutely fantastic. what a look at the first half, chinese exports to europe are up by 11% but if you look at the export into china, down by 5% of what we are seeing is notjust that the trade imbalances between europe and china are going but in fact, that they are accelerating and we think that's actually the peak issue at play here. ev�*s are important but it's a minor,

minor part of the all relationship and we think sometimes it's important that we look at the 98% and notjust the 2% in order to add a proper estimation of the issue and the issue at hand here is that it issue at hand here is that it is just become very difficult for european companies in view of 2a consecutive months of deflation in china so they are eroding, chinese exports are becoming more competitive for good and sometimes bad stop these are good reasons and that's putting european inaudible. it that's putting european inaudible.— that's putting european inaudible. , , inaudible. it is in part, is the low-salt _ inaudible. it is in part, is the low-salt consumer- inaudible. it is in part, is - the low-salt consumer demand the low—salt consumer demand from china, therefore leading to a lower demand for products to a lower demand for products to be built from europe. can we talk briefly, 35% tariffs on this industry and as you say, it's a small part of the overall trade picture but wto filing isn't good and there are of course tit—for—tat tariffs that we've seen so far,

potentially bought dairy, are there fears that he could escalate how businesses there feeling about this change in discourse in rhetoric? i feeling about this change in discourse in rhetoric? i think on the current _ discourse in rhetoric? i think on the current direction - discourse in rhetoric? i think on the current direction of. on the current direction of travel and trade war is unavoidable. we have seen exceptionally strong growth in chinese exports if you go back to (m, china accounted for 32% of all containers exported and today, china accounts for 37% of all containers worldwide and they are simply no way that the world can continue to absolve this very, very rapid growth in the chinese exporter so i think that unless something changes that unless something changes that china gets the inaudible i think unfortunately, it's a foregone conclusion that we are moving towards a trade for trade war. and that's what needs to get avoided but it also requires the chinese side

that they recognised that something is out of balance here and it needs to get it right. now we're going to have a look at some �*live' pictures from taiwan where super typhoon kong—rey is expected to make landfall in a few hours. as you can see here — there are already heavy winds and rain hitting the city of teitung, in the east taiwan has shut down in preparation for the storm — of taiwan. taiwan has shut down in preparation for the storm — its expected to be the biggest in 30 years. workers have been given the day off and financial markets are shut. the island is home to businesses like chip giant tsmc, which is bracing for the storm but it says it does not expect a "significant impact to its operations". we will continue following the story. over injapan, all eyes are on the bank ofjapan�*s policy decision to be announced in the next hour. this comes after a snap election led to a loss for the ruling coalition. rei murakami from the kadan capital investment firm explains why she expects the b0] to keep rates on hold.

going forward where the opposition party having bigger voices, they are pressuring more on military easing so that will make it difficult for boj will make it difficult for b0] to raise interest rates but the same time, i think a huge depreciation in chinese yen, that will be more problematic than slight interest hike so whatever the ust goes up to 160, that'll be an opportunity boj 160, that'll be an opportunity b0] to further to the interest hike in a more manner. bo] to further to the interest hike in a more manner. japan four years — hike in a more manner. japan four years talked _ hike in a more manner. japan four years talked about - four years talked about stagflation, no sign of price increases now for the first time in a long time, talking about inflation, what does this mean for people that? what's the response? i mean for people that? what's the response?— the response? i think it's a lot of concern _ the response? i think it's a lot of concern around - the response? i think it's a i lot of concern around inflation and that's what are the reasons why opposition parties have kind of increased their seat so within the election, opposition

parties focused on combating the inflation, stimulating the consumer spending at the same time, even talked about appealing tax cuts but i personally think this is not necessarily a positive impact on the long—term economy as japan has 2.6 depth gdp ratio and the election, there was no discussion or debate on the physical consolidations are on the long run, this increased government spending and increasing the government debt might have a negative impact on japanese economy. back in the 19805 and 1990s, williams was one of the biggest names in formula one motor racing. its cars took some of the f1 greats to the world championship. but then, it all went wrong. years of decline left the cars at the back of the grid, and the future of the team itself in doubt. four years ago, it was taken over by a us investment fund which is determined to bring it back the glory days. our correspondent theo leggett spoke to the man charged with turning that

dream into reality. the timeframe uncomfortable talking about is 27 — 28, we will be able to win race again, which sounds awfully far ahead, the people listening to us going, surely, you can see what they are doing. just copy that, doesn't work that way, that into a short term, you can copy what they did ten weeks ago but that doesn't help you win championships, these cars evolve at such rate that you have to be on the leading—edge in pushing the boundaries, if you're copping someone else, you'll be at midfield. that's why i love the sport because it's to your point, if you stand still, going backwards and the complex to what is this car would develop would have been winning races last year, but the development rate is enormous. the timeline is founded around how long it will take to bring in individuals from other businesses in formula want to come here and formula 1 is very restrictive, it's a two—year waiting time for really strong individuals. machines and infrastructure, depending on what you invest

in, can be 12 months, can be 36 months you have to invest in that and it kicks in about three years time. just part of what i consider the foundation will take a number of years to build and the biggest part of those people and culture. what those people and culture. what can the rest _ those people and culture. what can the rest of— those people and culture. what can the rest of the _ those people and culture. what can the rest of the economy, i can the rest of the economy, like other businesses learn from what happened here in formula 1?— formula 1? one of the key oints formula 1? one of the key points is— formula 1? one of the key points isjust _ formula 1? one of the key points isjust how- formula 1? one of the key points is just how quickly i formula 1? one of the key i points isjust how quickly an points is just how quickly an organisation to move, one of the differences why and formula 1 personally that we will take an engineering complex task and give individuals two weeks to get and resolve it. not five years. what we are good at doing, not all teams but i believe what we are good at doing here is creating a culture where failure is part of the process. and we rewarded. if you failed, not through incompetence or negligence but you failed because you're pushing the boundaries over the ratio or technology, all rewarded, i'll put you up on the pedestal, as long as you take the learning

and put it back to the organisation, that's how you become potent. and i think we as formula 1, that very quick learning feedback and failure, we are very strong. stay with bbc news. we will keep you updated with the super typhoon that will hit japan very soon. and that's it for this edition of business today. thanks for watching. —— taiwan.

hello, i'm ben. welcome to the catch up. spanish flash floods, bluey cords and drama in the baseball world series. but first, labor have delivered their first budget in 1a years and there's good news for young people who are sad to see the largest increase in the minimum wage. 20 —year—olds will see an increase of more than 60% and apprentices almost 18%. the government say they want the minimum wage to be the same for everyone. now the big announcement was a series of tax rises which mainly affect business owners but the tories are accusing mabo of breaking its election promise to not raise taxes. they will be a new baby tax of £2 20 per ten mills of liquid. and what do you reckon got this reaction in

parliament? picture years because alcohol on draught beer is getting cut so how much will we actually save?— is getting cut so how much will we actually save? which means a enn of we actually save? which means a penny of the _ we actually save? which means a penny of the point _ we actually save? which means a penny of the point in _ we actually save? which means a penny of the point in the - we actually save? which means a penny of the point in the park. i penny of the point in the park. some other stories now and flash floods in spain saw a years worth of rainfall in the space ofjust eight hours. at least 90 people have died in the government has declared three days of national mourning. police in australia say they have recovered around 40,000 limited—edition bluey coins. the children's tv show, these coins are produced by the australian meant with 63,000 were stolen before they could even launch. time now for ten seconds of baseball drama. last night, a pair of yankees fans ripped the ball out of the glove of dodges ferry older. the bad it was still called out and defence were kicked out but the yankees did not want to win the yankees did not want to win the match. anything to help your team.

the match. anything to help yourteam. right, you're all caught up. have a great night.

hello and welcome to sportsday. interim boss inter the league cup quarterfinals. ruud van nistelrooy sees manchester united score five at old trafford. musiala hits a first half hatrick for bayern as they make it through to the last

16 in the german cup. and 50 years on, we look back at one of boxing iconic fights when muhammad ali faced george foreman in kinshasa. ruud van nistelrooy�*s first match as interim manchester united manager couldn't have gone much better. as negotiations continue to acqu