i'm arunoday mukharji. let's begin in the us, where the federal reserve has wrapped up its latest two—day meeting, where policy makers kept the cost of borrowing rate steady between 5.25% to 5.5%. what was noteworthy though were the hints from chairjerome powell that a september interest rate cut could be on the table. those comments from his press conference pushed wall street higher, with all the major indices closing in the green. the question will be whether the totality of the data, the evolving outlook in the balance of risks — evolving outlook in the balance of risks will rb can —— will be consistent _ of risks will rb can —— will be consistent. but that is met, reduction _ consistent. but that is met, reduction could be on the table _ reduction could be on the table. fixed income fixed our guest, tom porcelli, the chief us economist at pgim fixed income in new york, joins us to discuss what he sees as strong arguments for fed action. i think he indicated clearly that september is the meeting where t

the bbc�*s india business correspondent arunoday mukharji has more on what is making the country suchming industry is valued at around $1 billion dollars with over 400 million gamers in the country. making india the second largest market after china. these are the findings of a report prepared as well as the e—gaming federation. real money gaming are the ones dominating the mystery, generating over 80% of revenue for the sector. these are games to use a place for a wager and have become very popular in india. they are also attracting a fair bit of debate because some say these games are a form of gambling, which is illegal in india. while gaming companies disagreed, calling them games of skill and not chance. in the absence of clear regulations, the government imposed a heavy 28% tax on these companies but even as the companies reel under these high taxes, it's not stopping global investors from seeing potential in the sector. being a lucrative and up—and—coming sector, the report also called for a detailed code of conduct to define ethical standards to ensure transparency and account

i'm arunoday mukharji. the headlines.aign rally since emerging as the presumptive democratic us presidential nominee. israel's pm prepares to address a joint meeting of the us congress — with question marks over what can benjamin netanyahu achieve in washington. the director of the us secret service resigns after facing sharp criticism for failing to protect donald trump. and toymaker mattel break new ground with its first ever blind barbie doll. hello and welcome to the programme. starting in the us, where in herfirst campaign rally since emerging as the presumptive democratic us presidential nominee, kamala harris has sharply attacked donald trump, saying she has taken on predators, fraudsters and cheaters before. she also promised to strengthen gun control and defend women's reproductive rights. our north america editor, sarah smith, has the latest.

welcome to newsday, reporting live from singapore, i'm arunoday mukharji.strike in the golan heights. the white house says hezbollah is responsible for the attack. polls have closed in a crucial presidential election in venezuela, as president nicolas maduro seeks a third term in office. and this is the scene in the capital caracas, where preparations are under way amid fear of post election violence on day 2 of the olympics, italy and france sweep up golds in swimming and britain's andy murray triumphs in his tennis doubles opener. and robert downeer announces his return to the marvel cinematic universe to play the supervillain doctor doom. you're watching bbc news broadcasting to viewers in the uk and around the world. israel's security cabinet has given prime minister benjamin netanyahu and his defence minister the authority to decide on the scale and timing of israel's response to saturday's deadly rocket attack in the israeli—occupied golan heights. earlier, funerals were held for some of the 12 young people killed when a rocket hit a football pitch in

i'm arunoday mukharji. tesla has reported its lowest profit margin in more than five years. price cuts aimed at reviving demand for its electric vehicles and increased spending on al projects weighed on earnings, as erin delmore explains. tesla shares spent most of the year sliding between lagging sales, production snarls, shipping delays and increased competition from overseas ev makers. then shares started gaining. they were up 40% since the end of may. see, investors started focusing less on tesla's slumping ev sales and more on chief executive elon musk�*s plans to make tesla into an artificial intelligence powerhouse with al powered robo—taxis and humanoid robots. alluring? yes. profitable? no. or at least not yet. tesla unveiled its second quarter earnings tuesday after wall street's closing bell, and reported a 45% drop in profit between april and june. that came in lower than analysts had estimated. sales fell nearly 5% in the second quarter and production fell as well. now, investors are left to see whether tesla can successfully rev up its lagging car sales or begi

welcome to newsday, reporting live from singapore, i'm arunoday mukharji. president nicolas maduro who has accused his opponents of trying to mount a coup. two children have been killed, and six others critically injured, in a mass stabbing in southport in the north west of england. a 17—year—old boy has been arrested. us president biden announces proposals for supreme court term limits and ethics rules — but they're unlikely to pass in congress. the court's being used to weaponize an extreme and unchecked agenda. this decision is a total affront to the basic expectations we have for those who wield the power in this nation. welcome to the programme. starting with the political developments in venezuela now where nicolas maduro has accused his opponents of trying to mount a coup following widespread claims that his re—election as president was a fraud. within the last couple of hours, security forces used tear gas to disperse anti—maduro protesters in caracas and armed soldiers are heading for the presidential palace in caracas. nine latin american countrie

i'm arunoday mukharji. the us vice president camilla harris has launched his her pitch to become the new aquatic presidential nominee afterjoe biden pulled out of the weekend.— biden pulled out of the weekend. ,, ., , , . weekend. she delivered a speech in the last hour _ weekend. she delivered a speech in the last hour to _ weekend. she delivered a speech in the last hour to party - in the last hour to party campaign staff added event in delaware. in campaign staff added event in delaware. , ., delaware. in the days and weeks ahead i, together _ delaware. in the days and weeks ahead i, together with _ delaware. in the days and weeks ahead i, together with you, - ahead i, together with you, will do everything in my power to unite our democratic party, to unite our democratic party, to unite our nation and to win this election.— this election. and is part of those efforts, _ this election. and is part of those efforts, donations i this election. and is part of. those efforts, donations have been pouring in a

i'm arunoday mukharji.he us vice president kamala harris has launched her pitch to become the new aquatic presidential nominee afterjoe biden pulled out over the weekend. she delivered a speech in the last hour to party campaign staff added event in delaware. in the days and weeks ahead i, together with you, - will do everything in my power to unite our democratic party, to unite our nation and to win this election. donations have been pouring into the democratic party and collectively they have raised over $100 million. harris still needs to win the nomination i do not next month. i've been speaking to thomas hayes on whether the reshuffling will change the scenario for investors.— change the scenario for investors. . ., ., ., ., investors. the advent of kamala harris to the _ investors. the advent of kamala harris to the picture _ investors. the advent of kamala harris to the picture speaks - investors. the advent of kamala harris to the picture speaks to l harris to the picture speaks to a probability th

welcome to newsday, reporting live from singapore, i'm arunoday mukharji.er of hamas. a 17—year—old male has been charged with the mass stabbing that killed three children at a dance class in the north of england. venezuela's president accuses the opposition of having blood on its hands after days of deadly protests over a disputed election result. and in a speech, donald trump questions kamala harris racial identity — saying she "happened to turn black" a few years ago.

i'm arunoday mukharji. comeback on wall street after losses last week, with technology stocks recovering including those beaten down semiconductor shares. crowdstrike shares though continued to plunge after the global outage, with some companies still struggling to fully restore their systems. our north america business conrrespondent erin delmore has the latest. if you looked crowdstrike's stock performance last week before the worldwide it meltdown, you would've seen shares of a0%. but now, a different story. shares closed down more than 13% monday, marking a more than 30% drop over the past five days. it's the result of what's being called one of the worst it outages in history. around 8.5 million microsoft windows computers around the world crash last week because of crowdstrike's faulty update. that lead to chaos for global travel, banking and health care services, and firms are struggling to recover. us—based delta harrell dutch delta airlines cancelled thousands of light since friday. carriers were a

reporting live from singapore, i'm arunoday mukharji.terjoe biden drops out. and endorses herfor president. we have doors to knock on, we have people to talk to, we have phone calls to make and we have an election to win. prime minister blames the opposition for the violence that has killed 150 people. that's our top focus. she made herfirst pitch to be the party's new presidential

welcome to newsday, reporting live from singapore, i'm arunoday mukharji.over the election result continues. police release images of the victims of a stabbing attack in north—west england on monday. the girls were aged 6, 7 and 9. clashes break out between protesters and police in southport, shortly after thousands gathered at a vigil to remember the victims. and gymnastics icon simone biles wins gold again on day four of the paris olympics. you're watching bbc news broadcasting to viewers in the uk and around the world. we begin with israel's strike in beirut on the hezbollah commander it says was responsible for an attack that killed twelve young people in the israeli—occupied golan heights on saturday. at least one person was killed and a number of others wounded in the blast that hit the southern suburbs of the lebanese capital, where hezbollah has its main stronghold. israeli sources said the strike was in response to the attack this past weekend, on the town of majdal shams. the fate of the targeted commander, who's been named as fuad shukr, is not y

welcome to newsday, reporting live from singapore, i'm arunoday mukharji. deal. we cannot look away in the face of these tragedies, we cannot allow ourselves to become numb to the suffering, and i will not be silent. a warning from the us, the uk south korea that north korean hackers are attempting to steal nuclear and military secrets from governments and private companies around the world. philippines say at least 21 people have died due to flooding and landslides caused by typhoon gaemi and rush to contain an oil spill in manilla bay. and friday's olympic opening ceremony will be staged not in a stadium, but on water, we take a look at the tight security behind this unprecedented event. welcome to bbc news — broadcasting to viewers in the uk and around the world. us vice president kamala harris has given a press conference on her meeting with the israeli prime minister.

reporting live from singapore, i'm arunoday mukharji. let's get you the headlines. hackers are attempting to steal nuclear and military secrets from governments and private companies around the world. a british police officer is suspended after video emerges of a man being kicked in the head at manchester airport. the lawyer representing the family involved say the police must be held to account. they need to be prosecuted. that's what the family want, prosecutions? that's what we want, that's what the family want. democratic presidential hopeful kamala harris tells israeli prime minister netanyahu she has "serious concern" over casualties in gaza and urges him to agree to a ceasefire deal. we cannot look away in the face of these tragedies, we cannot allow ourselves to become numb to the suffering, and i will not be silent. and friday's 0lympic opening ceremony will be staged not in a stadium, but on water — we take a look at the tight security behind this unprecedented event. welcome to bbc news — broadcasting to viewers around the world.

reporting live from singapore, i'm arunoday mukharji. let's get you the headlines.lly since emerging as the presumptive democratic us presidential nominee. israel's pm prepares to address a joint meeting of the us congress, but what can benjamin netanyahu achieve in washington? the uk labour party suspends seven of its mps for six months after they rebelled against the government in a commons vote. with the olympic games just days away, we report from paris as the massive security operation kicks in. and toy—maker mattel break new ground with its first ever blind barbie doll. hello and welcome to the programme. starting in the us, where, in herfirst campaign rally since emerging as the presumptive democratic us presidential nominee, kamala harris has sharply attacked donald trump, saying she has taken on predators, fraudsters and cheaters before. she also promised to strengthen gun control and defend women's reproductive rights.

i'm arunoday mukharji.in artificial intelligence, and that anxiety was on full display when microsoft reported after tuesday's closing bell. my colleague erin delmore filed this report from new york. investors' confidence has sent indexes to record high after record high. some tech giants, especially those working on al, have been duking it out for the title of most valuable company. some including in video and microsoft and apple have hit the $3 trillion mark. now investors want to see us pay off. icrosoft reporting quarterly earnings, there is good news in their — stronger earnings than predicted. another headline overshadowed it — microsoft's service posted a slowdown in growth, and that was enough to send shares down. the ai disappointment factor was not contained one company. the sessions all wider tech well off with a in video

i'm arunoday mukharji.—election bid has thrown the presidential race into uncharted waters. donald trump and kamala harris are the new front runners, promising different economic visions for the countrybut i've been speaking to anthony scaramucci founding partner at skybridge capital, a crypto—hedge fund. he also served as communications director under mr trump, but is now throwing his support behind kamala harris. the inflation which is being blamed on president biden is actually a situation the macro situational thing. actually a situation the macro situationalthing. it's actually a situation the macro situational thing. it's related to the heavy induction of money supply into the economy during covid, plus the fiscal stimulus. so we are still experiencing the aftermath of that. so inflation numbers are coming down, the fed is likely to cut rates — i think vice president harris has a very good platform to run on, which is a continuation of thejoe

reporting live from singapore, i'm arunoday mukharji. let's get you the headlines. that was boycotted by many democratic lawmakers. i , like, you are fired, get out of here! you are fired! —— kamala, you are fired! donald trump targets kamala harris in his first major rally sincejoe biden stepped away from the campaign. as the eu tighten economic pressure on the kremlin, we will bring you a special report as we travel with a ukrainian unit on the front line of the battle. that's outgoing fire. so along these front lines, the ukrainians have gained about 500 metres of territory from the russians. it's not a lot and it's been hard fought over. and prince harry says phone hacking legal battles was a key factor in the breakdown of relations between him and other members of the royalfamily.

i'm arunoday mukharji.e fast food giant said it's working on fixes like meal deals, which sent shares up rose over 3%. —— which sent shares up by over 3%. with the latest from new york, here's the bbc�*s north america business correspondent michelle fleury. no amount of special sauce can make higher prices more palatable, as mcdonald's has found out. sales sputtered, consumers around the world, shying away from the higher cost of burgers, fries and soft drinks. even the ceo admitted it was too expensive. beginning last ear, it was too expensive. beginning last year. we — it was too expensive. beginning last year, we warmed _ it was too expensive. beginning last year, we warmed of - it was too expensive. beginning last year, we warmed of a - last year, we warmed of a more terminating consumer, particularly among lower income households. as this your progress, those pressures have deepened households. as this your progress, those pressures have deepened and households. as this your progress, those pressures h

i'm arunoday mukharji. tesla has reported its lowest profit margin in more than five years.rojects weighed on earnings in the march tojune quarter, as erin delmore explains. the shares spent most of the year sliding — between lagging sales, production snarls, shipping delays and increased competition from overseas ev makers. then shares started gaining. they were up 40% since the end of may. see, investors started focusing less on tesla's slumping ev sales and more on chief executive elon musk�*s plans to make tesla into an artificial intelligence powerhouse with al powered robo taxis and humanoid robots. alluring? yes. profitable? no. or at least, not yet. tesla unveiled its second quarter earnings tuesday after wall street's closing bell, and reported a 45% drop in profit between april and june. that came in lower than analysts had estimated. sales fell nearly 5% in the second quarter

reporting live from singapore, i'm arunoday mukharji. lets get you the headlines...ce in venezuela, as anger over the election result continues. police release images of the victims of a stabbing attack in north—west england on monday. the girls were aged six, seven, and nine. clashes break out between protesters and police in southport shortly after thousands gathered at a vigil to remember the victims. and gymnastics icon simone biles wins gold again, on day four of the paris 0lympics. you're watching bbc news broadcasting to viewers in the uk and around the world. we begin with israel's strike in beirut on the hezbollah commander it says was responsible for an attack that killed 12 young people in the israeli—occupied golan heights on saturday. at least one person was killed and a number of others wounded in the blast that hit the southern suburbs of the lebanese capital, where hezbollah has its main stronghold. israeli sources said the strike was in response to the attack this past weekend, on the town of majdal shams, in the israeli—occupied golan heights. the f

i'm arunoday mukharji. the last four weeks have been a seismic period for us politics. donald trump and kamala harris are the new front runners, promising different economic visions for the country. i've been speaking to anthony scaramucci, founding partner at skybridge capital — a crypto—hedge fund. he also served as communications director under mr trump, but is now throwing his support behind kamala harris. the inflation which is being blamed on president biden is actually a situational thing. it is related to the heavy induction of money supply into the economy during covid plus the economy during covid plus the fiscal stimulus. we still experience the aftermath of that. inflation numbers are coming down in the fed is likely to cut rate and i think vice president harris has a very good platform to run

reporting live from singapore, i'm arunoday mukharji.lk to, we have phone calls to make and we have an election to win. cheering it comes as a flurry of leading figures in the democratic party throw their support behind her campaign to become the party nominee. that's our top focus. the other main stories on newsday this hour: gaza's health ministry says at least 70 palestinians have been killed by israeli shelling and air strikes near khan younis. and we report from bangladesh, as the country's pm blames the oppostion for the violence that's killed 150 people. you're watching bbc

i'm arunoday mukharji.ough were the hints from chairjerome powell that a september interest rate cut could be on the table. those comments from his press conference pushed wall street higher, with all the major indices closing in the green.

i'm arunoday mukharji. those beaten down semiconductor shares. crowdstrike shares though continued to plunge after the global outage, with some companies still struggling to fully restore their systems. 0ur north america business conrrespondent erin delmore has the latest. if you looked crowdstrike's stock performance last week before the worldwide it meltdown, you would've seen shares of 40%. but now, a different story. shares closed down more than 13% monday, marking a more than 30% drop over the past five days. it's the result of

reporting live from singapore, i'm arunoday mukharji. let's get you the headlines...s accused his opponents of trying to mount a coup. israel's prime minister, benjamin netanyahu, isjeered by locals as he visits the site of a rocket attack which killed 12 children, vowing retaliation against his brother. —— against hezbollah. president biden unveils a proposalfor sweeping reform of the us supreme court, with plans to establish term limits and form an ethics code. the court's being used to weaponize an extreme and unchecked agenda. this decision is a total of front to the basic expectations we have for those who wield the power in this nation. —— a total affront. two children have been killed, and six others critically injured, in a mass stabbing at a taylor swift—themed dance class in southport, in the north west of england. a 17—year—old boy has been arrested. and looking ahead to the olympics, day four — 14 medals up for the taking, team usa's simone biles back on the floor, and ireland hopes to make history in the pool.

i'm arunoday mukharji.are starting to monetize investments in artificial intelligence, and that anxiety was on full display when microsoft reported after tuesday's closing bell. my colleague erin delmore filed this report from new york. investors's confidence in the tech sector has sent the major us stock indexes to record high after record high this year. some of the tech giants, especially those working on artificial intelligence technology and products have been duking it out for the title of most valuable company. some, including nvidia, microsoft and apple have hit the tree million dollar mark. now investors want to see those huge investments in al pay r. microsoft reporting quarterly earnings after tuesday's closing bell and there was good news in there. stronger earnings and revenue than had been predicted by analysts. but another headline overshadowed it. microsoft's is your cloud service, the engine behind many of microsoft's services, posted a slowdown in growth, and that was enough to initially s

i'm arunoday mukharji.the tech giants are starting to monetise investments in artificial intelligence, and that anxiety was on full display when microsoft reported after tuesday's closing bell. my colleague erin delmore filed this report from new york. investors' confidence in the tech sector has sent the major us stock indexes to record high after record high this year. some of the tech giants, especially those working on artificial intelligence technology and products, have been duking it out for the title of most valuable company. some, including nvidia, microsoft and apple have hit the $3 trillion mark. now investors want to see those huge investments in al pay off. microsoft reporting quarterly earnings after tuesday's closing bell and there was good news in there. stronger earnings and revenue than had been predicted by a nalysts. but another headline overshadowed it. microsoft's azure cloud service, the engine behind many of microsoft's services, posted a slowdown in growth, and that was enough to in

i'm arunoday mukharji.d, saying if elected in november, he would champion the digital currency and fire the chairperson of the us securities and exchange commission on the first day. mr trump also cited china in his speech, saying the us must not let the world's number two economy dominate the industry. if crypto is going to define the future, i want to be mined, minted and made in the usa. it's going to be... it's not going to be made anywhere else. and if bitcoin is going to the moon, as we say, it's going to the moon, i want america to be the nation that leads the way. when he was president, mr trump dismissed cryptocurrency as �*highly volatile' and �*based on thin air�*. but major crypto companies and investors have recently been making big donations to his election campaign with the aim of staving off tough regulation favoured by the biden administration. meanwhile, the financial times is reporting that members of kamala harris' team have also been reaching out to the crypto industry.

i'm arunoday mukharji. tesla has reported its lowest profit margin in more than five years.rin delmore explains. tesla shares spent most of the year sliding between lagging sales, production snarls, shipping delays and increased competition from overseas ev makers. then shares started gaining. they were up 40% since the end of may. see, investors started focusing less on tesla's slumping ev sales and more on chief executive elon musk�*s plans to make tesla into an artificial intelligence powerhouse with al powered robo—taxis and humanoid robots. alluring? yes. profitable? no. or at least not yet. tesla unveiled its second quarter earnings tuesday after wall street's closing bell, and reported a 45% drop in profit between april and june. that came in lower than analysts had estimated. sales fell nearly 5% in the second quarter

our india business correspondent arunoday mukharji explains why trade will be top of the agenda.cotting russia, india is not. bilateral trade between the two countries nearly doubled last year, touching around $65 billion, primarily driven by the fact that india has been buying deeply discounted russian oil, a fact that new delhi has defended, citing its own energy needs,

i'm arunoday mukharji.ing if elected in november, he would champion the digital currency and fire the chairperson of the us securities and exchange commission on the first day. mr trump also cited china in his speech, saying the us must not let the world's number two economy dominate the industry. if crypto is going to define the future, i want to be mined, minted and made in the usa. it's going to be... it's not going to be made anywhere else. and if bitcoin is going to the moon, as we say, it's going to the moon, i want america to be the nation that leads the way. when he was president, mr trump dismissed cryptocurrency as �*highly volatile' and �*based on thin air�*. but major crypto companies and investors have recently been making big donations to his election campaign with the aim of staving off tough regulation favoured by the biden administration. meanwhile, the financial times is reporting that members of kamala harris�* team have also been reaching out to the crypto industry. in other news. some o

i'm arunoday mukharji.sidential nominee afterjoe biden pulled out of the weekend.— biden pulled out of the weekend. ,, . , , . weekend. she delivered a speech in the last hour _ weekend. she delivered a speech in the last hour to _ weekend. she delivered a speech in the last hour to party - in the last hour to party campaign staff added event in delaware. in campaign staff added event in delaware. , . delaware. in the days and weeks ahead i, together _ delaware. in the days and weeks ahead i, together with _ delaware. in the days and weeks ahead i, together with you, - ahead i, together with you, will do everything in my power to unite our democratic party, to unite our democratic party, to unite our nation and to win this election.— this election. and is part of those efforts, _ this election. and is part of those efforts, donations i this election. and is part of. those efforts, donations have been pouring in and collectively have raised over $100 million. kamala

i'm arunoday mukharji.t interest for america and his party, and endorses kamala harris for the race. kamala harris vows to "earn and win" nominations, but can she get enough democrats united to rally behind her? republican presidential nominee donald trump sastoe biden was never fit to run for president and that he will remedy the damage caused under biden to make america great again. world leaders praise joe biden for his leadership and service. ukraine's president volodmyr zelensky thanks him for taking bold steps to support him in the war with russia. welcome to bbc news, and our special coverage of president biden's decision to drop out of the us presidential race.

our india business correspondent arunoday mukharji explains why trade will be top of the agenda.at a time when the west is boycotting russia, india is not. bilateraltrade boycotting russia, india is not. bilateral trade between the two countries nearly doubled last year, touching around $65 billion, primarily driven by the fact that india has been buying deeply discounted russian oil, a fact that new delhi has defended, citing its own energy needs, but new delhi has also acknowledged the fact that this trade relationship is deeply skewed in favour of russia because out of all the exports and trade, india's exports stood at only about $4 billion. it is the trade imbalance prime minister modi hopes to correct by this visit and any is hoping to explore more opportunity of exporting other items, ranging from pharmaceuticals to information technology and even agriculture. india, just to put it in context, has had age old ties from russia, which dates back to even the cold war period. russia has also been the long one of india's primary defence suppliers as well. it is a relationship i

i'm arunoday mukharji.he delivered a speech in the last hour to party campaign staff added event in delaware. in the days and weeks ahead i, together with you, - will do everything in my power to unite our democratic party, to unite our nation and to win this election. donations have been pouring

i'm arunoday mukharji. the last four weeks have been a seismic period for us politics.peaking to anthony scaramucci, founding partner at skybridge capital — a crypto—hedge fund. he also served as communications director under mr trump, but is now throwing his support behind kamala harris. the inflation which is being blamed on president biden is actually a situational thing. it is related to the heavy induction of money supply into the economy during covid plus the fiscal stimulus. we still experience the aftermath of that. inflation numbers are coming down and the fed is likely to cut rates and i think vice president harris has a very good platform to run on which is a continuation of thejoe biden policies.