There will be a Repeat Election in a few months. Nothing is clear yet. We know that markets dont like uncertainty. We will see how it changes in the next few weeks. In principle, there is a deal between the socialists and the catalan party. If that extends to government, we do not know yet. We will find out pretty soon. This has all weighed quite heavily on spain in general, hasnt it . Talk us through some of the issues the country has been facing. Well, yes, at an economy level, spain is really struggling with unemployment, it is a structural problem, for the past few decades. It is the highest in all of the european union, between 11 and 12 . Especially Youth Unemployment is very high, around 20 . Is very high, around 28 . Also the highest in the eu. So the main struggle for any. The main challenge for any government is reducing unemployment. There has been progress in the past few years under the socialist led government. It has been reduced. But it still has a long way to go. Now, assuming we do get over all the steps and there is a coalition government, what do you think the priorities will be, how will they go about reuniting spain . Coalitions are never easy, are they . Exactly, it will be a very fraught government. Ruling in a minority with needing support for passing a budget, for example. If we look what has happened in the last few years and this coalition with the socialists and the hard left podemos party, which would presumably be in the new coalition, the priority has been spending on Green Infrastructure like Green Hydrogen pipelines, or Electric Vehicle Battery plants. Also, there has been higher taxes, wealth tax, temporary Windfall Taxes on banks and the energy sector. So i think we could see more of that in the coming years if there is another term for Prime Minister sanchez. The latest in spain there. Turning to america. Amercian shoppers are buying a lot of their essentials at walmart, according to the companys results for the three months to the end ofjuly. The worlds biggest retailer is using its low price reputation to attract consumers looking to buy anything from food to school shoes. Walmart s net income for the quarter jumped by about 33 to nearly 8 billion. Lets get more now with Michelle Fleury in new york. Great results then for walmart others rivals havent fared so well whats the secret . It is essential is, right . It is coming at a time when americans are feeling the pressure from inflation, higher prices, Lending Conditions are tighter and so you are starting to see more people turn to the shop for their basics and everyday needs. It is notjust traditional customers, you are seeing higher Income Customers being more cautious and turning to walmart for their basics. That has been the story here. It has helped the company required historically strong results, notjust in store but online. If you look at the e commerce numbers, they were up 24 compared to a year ago today. Across the board, it was a positive report, so much so that the Company Raised its guidance for how much they think they will make for the full year, saying they think it will be up to four and half percent higher than they thaw so previously. Walmart is almost seen they thaw so previously. Walmart is almost seen as they thaw so previously. Walmart is almost seen as a they thaw so previously. Walmart is almost seen as a barometer they thaw so previously. Walmart is almost seen as a barometer for they thaw so previously. Walmart is i almost seen as a barometer for wider america. ,. , almost seen as a barometer for wider america. ,. ,. , america. Yes, i mean, we have had results from america. Yes, i mean, we have had results from walmart america. Yes, i mean, we have had results from walmart but america. Yes, i mean, we have had results from walmart but other results from walmart but other discount retailers, the owner of t] max told a story that was similar, these two saw resilience in the American Consumer target. Another rival had a trickier time but some of that could be contributed to controversy over its pride month merchandise. But even then these are strong profit margins. What we are learning is although the consumer is turning away from big ticket items, furniture or other things, they are still spending, furniture or other things, they are stillspending, helped furniture or other things, they are still spending, helped by what has been a relatively strong labour markets, gains in wages, particularly for lower income workers. That has helped the consumer keep up that pace of spending and that matters because they account for two thirds of our economic activity, which is why so much focus this week on what americans are shopping and what they are spending. Also americans are shopping and what they are spending are spending. Also interesting on what the impact are spending. Also interesting on what the impact they are spending. Also interesting on what the impact they have are spending. Also interesting on what the impact they have on are spending. Also interesting oni what the impact they have on the Federal Reserve and the interest rates. Michelle, thank you, as ever. Michelle, our correspondent in new york. In singapore, cash, cars, properties and watches were among the luxury items seized by anti Money Laundering police in a series of raids on tuesday. Ten people, all of whom hold foreign passports, were arrested. More than 700 million us dollars of assets have been seized in whats being described as one of the biggest cases of its kind singapore has seen. Our Asia Business reporter katie silver has been following the story. Those who were arrested aged between about 31 and 44 years of age. They were charged with Money Laundering, forgery and resisting arrest. We understand from police here that eight more people are wanted and none of the people were either singaporean citizens or permanent residents here, instead their passports were from everywhere, the likes of turkey, cyprus, cambodia, Saint Kitts And Nevis and the dominican republic. All also, it seems, had chinese passports. As you mention, these were simultaneous raids across ireland. As you mention, these were simultaneous raids across island. They included condos and residences, including in some of the most sought after neighbourhoods here in singapore. 94 Different Properties raided altogether, 50 vehicles, a huge operation. And, as you mention, they seized everything from 35 Different Bank accounts, 70 million in cash, bags, wallets, computers, phones, gold bars even, and jewelry. These people were charged, made these crimes overseas, particularly when it comes to scams and online gambling, and then they made forged documents in order to this money and bring it into singapore and into the Financial Institutions here. One man who was arrested, he actuallyjumped out of the window on the second floor, he was found by police when he was hiding in a drain and he was actually then taken to hospital to be treated for some of those injuries sustained in that jump. I have heard from the central bank in singapore, it says it is working with the Financial Institutions here where the funds have gone and it is going to take firm action against any Financial Institution whose Money Laundering policies may not be up to scratch. Indeed, it is very rare here in singapore. Among one of the lowest crime rates in the world and the police say they are going to have Zero ToleranceGoing Forward for any use of singapore as a safe haven. How concerned should we be about the chinese economy . Its been a difficult week there weve seen a fall in house prices, disappointing retail sales, and a decision by the government to stop publishing Youth Unemployment figures which hit a record high injune. The chinese premier li chung has said that his country would work to achieve its economic targets after calls for more government stimulus. Meanwhile, a crisis at one of chinas top Asset Managers zhong zhi Enterprise Group is fuelling concerns that a slump in the property sector could spill over into its fifty seven trillion Dollar Financial industry. Plenty to discuss there. Isabel hilton is the founder of china dialogue, and a Visiting Professor at the lau institute. He was offering some very competitive returns to investors. Is this just a case of too good to be true and Reality Bites . I thisjust a case of too good to be true and Reality Bites . True and Reality Bites . I think there is a true and Reality Bites . I think there is a lot true and Reality Bites . I think there is a lot of true and Reality Bites . I think there is a lot of contingent, l true and Reality Bites . I think i there is a lot of contingent, lots of things that were very good bets in the recent past are beginning to come to bits and this is beginning to look like they could be a cascade effect. There are warnings being issued, then you have a lot of panic, investors, companies that are being asked how big their exposure is and you have private investors because there havent been very many places to put your money in china and people get very angry, very quickly, if they are not going to get their money back. fine quickly, if they are not going to get their money back. One places you can invest as get their money back. One places you can invest as property. Get their money back. One places you can invest as property. Prices get their money back. One places you can invest as property. Prices are can invest as property. Prices are dropping. How concerned will ordinary chinese folk be about that . That is another one. You have people who have put down deposits and the flats havent been built. You have a lot of unsold property. You have the Biggest Companies going slowly bankrupt. Country garden is a huge one. They have been going bankrupt slowly for about two years now. The problem with that as it was a driver of growth. These spectacular growth figures for 13 years were driven by local governments borrowing, buying land, building property and selling them. That engine has broken down now, leaving a lot of debt and in a lot of places. fix, now, leaving a lot of debt and in a lot of places now, leaving a lot of debt and in a lot of places. A slump in china does because it is lot of places. A slump in china does because it is we lot of places. A slump in china does because it is we know, lot of places. A slump in china does because it is we know, sent lot of places. A slump in china does because it is we know, sent shock. Because it is we know, sent shock waves everywhere. I because it is we know, sent shock waves everywhere. Because it is we know, sent shock waves everywhere. I think we can see from what overseas waves everywhere. I think we can see from what overseas investors waves everywhere. I think we can see from what overseas investors are from what overseas investors are doing, they have not been reassured by the statement that the government have been putting out. We have seen a drop in fdi in china, ata have been putting out. We have seen a drop in fdi in china, at a time when the government is very key to get Foreign Investments in. All the numbers are going the wrong way now for the chinese government. 50 in for the chinese government. So in which case. For the chinese government. So in which case, pressure for the chinese government. So in which case, pressure mounting on the premier to step in with more stimulus. How likely do we think that is . ~. ,. ,. , that is . We have seen a number of meetinas that is . We have seen a number of meetings that that is . We have seen a number of meetings that have that is . We have seen a number of meetings that have been that is . We have seen a number of meetings that have been going that is . We have seen a number of meetings that have been going on. There have been a number of promising words. What we havent seen is very much accent and one of the worrying aspects of this is the kind of action that analysts think would be effective is politically very difficult in china. So what we may see is trying to return to property stimulus, but that is a dead horse. You can go on flogging it but it is not going to restore health to the economy. We need more confidence in the private sector but they have taken hits for political reasons over the last three years. It is not easy to see how this is going to be turned around. The worry now is we could get into a deflationary spiral. 0ne now is we could get into a deflationary spiral. One of the hopes was the Consumer Market and the chinese consumers are not buying right now. The chinese consumers are not buying riaht now. ,. ,. , ~ the chinese consumers are not buying riaht now. ,. ,. ~ right now. Isabel hilton, thank you ve much right now. Isabel hilton, thank you very much there. Right now. Isabel hilton, thank you very much there. The right now. Isabel hilton, thank you very much there. The ongoing very much there. The ongoing concerns around china. That is it from us. You are up to date with all of your business news. Thank you for watching. Hello from the bbc sport centre. Hello there this is your update from the bbc sport centre. The womens World Cup Final is edging closer with england and spain contesting the Showpiece Event both for the first time. The lionnesses beat the co hosts australia on wednesday. Sarina wiegmans side are the current european champions too. So have the potential to add to their history, With A First World Cup a win that would continue to inspire growing the sport back in the uk. A phenomenal achievement if we did when. In a hugely competitive world, they have a tremendous field of athletes. They have huge strength in that. Being here at the business end of the tournament, giving ourselves the opportunity is a great thing. Winning the world cup would be a drive to get equal opportunities for girls. Untilwe drive to get equal opportunities for girls. Until we have the same number of girls as boys, we have a lot to do. Sundays opponents, spain, meanwhile enjoyed their first Training Session since arriving in australia, following their 2 1 victory against sweden in auckland. Like england they are seeking to be crowned World Champions for the first time come sunday. Novak djokovic won his first singles match back in the us for two years after beating Alejandro Davidovich fokina at the cincinnati 0pen. The 23 time grand slam champion hasnt been able to play in the us over Covid Protocols with the rules for unvaccinated travellers from overseas only relaxed in may. Djokovic won the first 6 4 before his opponent retired with a back problem. The serb will be looking to extend his major record, with the us open