michelle fleury, bbc news, pennsylvania. will be investing over $10 billion in to europe's largest economy germany. this comes as demand for its cloud services continues to grow. german chancellor 0laf scholz welcomed the news, saying amazon's investment was proof that germany was still a good place to do business. the fast—growing mexican restaurant because many grammars made its public debut on the _ grammars made its public debut on the australian stock exchange today, the country plasma _ exchange today, the country plasma gliders public offering in over— plasma gliders public offering in over a _ plasma gliders public offering in over a decade and could be a telling — in over a decade and could be a telling point for australia's ipo market which has seen some sluggishness over the past few years — sluggishness over the past few ears. , ., ., ., , years. the restaurant opened in s dne in years. the restaurant opened in sydney in 2006 _ years. the restaurant opened in sydney in 2006 but _ years. the restaurant opened in s

michelle fleury, bbc news, dalton, georgia.l, is proposing to levy an annual tax of at least 2% on the wealth of each of the world's 3,000 billionaires. it's part of increasing calls worldwide to tax the mega wealthy, the billionaires who are criticised for not paying their fair share of taxes. the plan could give governments up to 250 billion dollars a year in extra revenue. the report's author gabriel zucman told me how it could be put into practice. first of all, the wealth of billy and ours is not so hard to capture. about half of it is in shares of companies for which you have readily available market values. the other half is mostly shares in big private companies, which you can value by looking at how the stock market values similar companies. the second big issue is indeed what to do in some countries when they refuse to apply attacks on billionaires. here, you can build on what has been done for multinational firms. what's important is to have a kind of tax collector of last resort michael —isms —— mechanisms where thi

michelle fleury, bbc news, pennsylvania. live now to craig erlam, independent market analyst.us. take us into the minds of the fed's decision makers and explain why it's taking them longer than expected to cut the interest rates? ifi if i was a policymaker at the fed i would be frustrated, they have done an awful lot as other central banks have over the last couple of years to rain and inflation, raised interest rates to multi— decade highs, and yet inflation is proving very stubborn and that makes their life very difficult, they do not want to raise interest rates further but they feel they are not in a position to cut them yet. inflation has been quite steady in the us for the last year, it has been well above their inflation target, it is going to be hoping for some good news over the next couple of months which will enable them to start cutting interest rates but right now as you alluded to earlier, job growth are still strong, the economy is still strong, one thing you could say is jobless claims are starting to rise but we are looking is that small bits of data when most

costly for president biden�*s re—election chances, as the bbc�*s north america correspondent michelle fleuryphiladelphia, stacy ellis tells me she has had it with rising prices. inflation has raised my stress level. i'm constantly trying to figure out ways to budget and prioritise and come up with more money, and it is just tough. a single mum working two jobs while going to school. she still can't make ends meet. i make too much to receive any sort of assistance from the state but i don't make enough to be able to survive. what is the most expensive thing? rent. transportation. groceries. those are the top three most expensive things. i live by a budget, i budget, budget, budget. and i prioritise. prices are slowly beginning to come down. are you seeing that? no. i haven't seen it or felt it. i am looking for it, though. many americans are fed up with higher prices, the frustration is spilling over on social media. this is what $70 gets you at walmart. that's it. $70. i make over three times i the federal minimum wage and i cannot afford to live. in an election year, this spells trouble for

michelle fleury has the latest from new york.ove to divert ai chips from tesla could wrangle tesla investors. it would it lead to delays in setting up supercomputers to develop fully autonomous vehicles for them instead prioritising ai startup ex ai which is competing against open ai. in response elon musk tweeted that tesla had no place to send the chips to turn them on so they would've sat in a warehouse for them adding the giga tax expansion will house 50,000 chips or self driving training for the it has become the third most valuable country in the world for its demand for chips as companies raise to build ai as companies race to build ai into their products without the timing two timing comes as mr musk are asking shareholders to approve a record compensation package for sterling work writing the electric car maker. it's world environment day — an annual event to raise awareness and encourage action to protect the environment. this year it comes as many countries in asia are facing intense heatwaves. we caught up with two yo

michelle fleury has the latest from new york.ould rankle tesla investors. will it lead to delays in setting up the supercomputers needed to develop fully autonomous vehicles? instead, prioritising musk�*s ai startup xai, which is competing against 0penai. now, in response, elon musk tweeted, "tesla had no place to send the nvidia chips to turn them on, so they would have just sat in a warehouse," adding that "giga texas expansion will house 50,800 chips forfull expansion will house 50k 8100 chips forfull self—driving training." nvidia has become the third most valuable company in the world because of demand for its chips, as tech companies race to build ai into their products. the timing? well, it comes as tesla and mr musk are asking shareholders to vote next week to approve a record compensation package for his sterling work running the electric car—maker. michelle fleury there. around the world and across the uk. this is bbc news. you're with business today, i am sally bundock. it's all change for our banknotes because from to

michelle fleury has the latest from new york. yes.rtment of transportation said today's action stems from extreme delays in refunds worth more than $900 million from lufthansa, klm and south african airways. all of this related to covid—19 flight changes and cancellations. now, on top of the refunds, the three airlines have already paid back, they now face a hefty fine. us transportation secretary pete buttigieg said this was about holding airlines accountable, adding that passengers, well, they shouldn't have to fight with the airline to get their money back. lufthansa and dutch flag carrier klm were both fined over $1 million each. south african airways was ordered to pay $300,000. germany's lufthansa said in a statement it had made all the required refunds and blamed the historically unprecedented level of refunds during the covid—19 pandemic for the delay. the department of transportation, meanwhile, has launched a new dashboard in an attempt to put public pressure on airlines to address customer concerns. all of this has caused g

michelle fleury interviewed the mother of two victims of opioid addiction.pioid crisis?— the opioid crisis? i have had two children _ the opioid crisis? i have had two children die _ the opioid crisis? i have had two children die of - the opioid crisis? i have had| two children die of overdose. cheryl's son corey was a new father when he died at the age of 23, 13 years ago. his brother sean was in recovery when he died in 2021. she has turned her heartbreak into advocacy. i turned her heartbreak into advocacy-— advocacy. i started an organisation - advocacy. i started an organisation called i advocacy. i started an i organisation called team sharing, and organisation of people who have lost their children from substance abuse disorder. ~ ., , children from substance abuse disorder. ~ . , ., disorder. what is your reaction to the supreme _ disorder. what is your reaction to the supreme court - disorder. what is your reaction to the supreme court ruling? i j to the supreme court ruling? i can't even see the future of how this will play out. it will be a run to

under a bankruptcy deal its owners gained immunity michelle fleury interviewed the mother of two victimsioid addiction. how have you been affected by the opioid crisis? so, i have had two children die from overdose. cheryl's son, cory, was a new father when he died at the age of 23, 13 years ago. his brother sean was in recovery when he died in 2021. she's turned her heartbreak into advocacy. i started an organisation called team sharing. it's an organisation of parents that have all lost their children from substance use disorder. what is your reaction to the supreme court ruling? i can't even see the future of how this will play out, because it will be a run to the courthouse to see who's going to get the most money. you know, this plan, although it's not a perfect plan, was agreed upon by 95% of the creditors. so, all the states, they all agreed. everybody agreed and signed off on this. this was a good plan. you know, the victims will get nothing. it's going to be a complete nightmare. there was anger that the sackler family might be able to get out of being held accountable simply by

challenges with its newest electric vehicle, about six months after beginning deliveries, as michelle fleurynew york. the wheels may not be falling off the cyber truck, but parts off the cyber truck, but parts of the trunk are. according to the national highway traffic safety administration, pieces of trim on the back of the vehicle are prone to falling off. not surprisingly, the regulator worries about this happening while the pick—up is out on the road, which could cause accidents. in addition, the windscreen wipers on some tracks are also not working properly. in total, tesla has now had to issue four recalls for the cyber truck since it went on sale in november of last year, much later than originally scheduled. tesla ceo elon musk famously claimed the track looks like the future. he will be hoping that old—fashioned mechanical and manufacturing glitches don't hold it back. according to reports from the regulator, since november, a total of 11,688 cyber tracks have arrived on american roads. that modest number also suggests a future that is taking a while to arrive. the european commissi

michelle fleury there. let's get some of the day's other news, now.that has marred kenya's mass protests against proposed tax rises. in a statement, antonio guterres said he had been saddened by reports of deaths, injuries and arbitrary detention, after at least five people were shot dead by police in nairobi after breaking through cordons. in an address on tuesday, president william ruto said the protests had been hijacked by dangerous criminals. german car giant volkswagen says it will invest up to $5 billion in rivian, a us electric vehicle maker. thejoint venture will allow the companies to share ev architecture and software. rivian shares surged by almost 50% in extended trading in new york after the announcement. it comes as ev makers face increasing competition and a slowdown in demand. aer lingus pilots have begun industrial action in an ongoing dispute with the airline over pay. members of the irish air line pilot's association began an indefinite work—to—rule at midnight on wednesday. an eight—hour strike is planned for saturday. separate me

politically costly for president biden's re—election chances, as the bbc�*s north america correspondent michelle fleurystacy ellis tells me she has had it with rising prices. me she has had it with rising rices. ., ., ., , ., , , prices. inflation has raised my stress level. _ prices. inflation has raised my stress level. i'm _ prices. inflation has raised my stress level. i'm constantly i stress level. i'm constantly trying to figure out ways to budget and prioritise and come up budget and prioritise and come up with more money, and it is just tough. it is a debbie downer. it kills your spirit a little. a, downer. it kills your spirit a little. ~ , ., ~ little. a single mum working two “obs little. a single mum working two jobs while _ little. a single mum working two jobs while going - little. a single mum working two jobs while going to - little. a single mum working i two jobs while going to school. she still can't make ends meet. i make too much to receive any sort of assistance from the states but i don't make enough to be able to survive.— to be able to survive. what is the most _ to be able to

but as michelle fleury reports from nearby dalton, creating jobs isn't necessarily winning votes.g billions of its own and the us governments to build and the us governments to build a new factory for a new industry. the key part of his pitch to voters. solar panel maker 0 cell spending $2.5 billion to triple the size of its current capacity. employing 4000 people by years and. in a district being left behind. thanks to the biden administrations inflation reduction act, cuevas mainly made in china will soon be made in america. irate made in china will soon be made in america-— in america. we are currently the only _ in america. we are currently the only facility _ in america. we are currently the only facility that - in america. we are currently the only facility that will - in america. we are currently the only facility that will be l the only facility that will be making cells and waivers and thatis making cells and waivers and that is what you sells is building in cartersville is such facility like it and it is under construction in the us. the ira was not successful in creatin

michelle fleury, bbc news, dalton, georgia. coming up on breakfast...sation with a war widow. time now to get the news, travel and weather where you are. hello, good morning from bbc london. i'm victoria hollins. the latest strike action byjunior doctors is due to start shortly. the nhs says the doctors' union the bma has agreed that some junior doctors, who were due to go on strike, will turn up to work at hospitals in south london that were hit by a major cyber attack three weeks ago. doctors will return to support cancer surgery in particular. some staff on gtr trains will wear body—worn cameras as part of a crackdown on anti social behaviour. the company, which runs southern, gatwick express and thameslink trains, says it's investing two and a half million pounds to help tackle abuse and disorder on its network. staff have reported a 23% increase in verbal assaults and a 10% increase in physical assaults over the past year. a new superhero drama series "supacell", filmed in peckham, launches this week. for rapman, the london rapper turned film direc