A few months ago after a long negotiation between myself and republican speaker, of the house of representatives, we came to agree on a Budget Agreement precisely to avoid a Manufacturing Crisis that we just witnessed. But the last few days and weeks, extreme maga republicans tried to walk away from that deal, voting for deep, drastic Spending Cuts from 30 to 80 that would have been devastating for millions of americans. They failed again and we stopped them. But im under no illusions that they will be backing it. A short while back i spoke with an analyst to ask how Global Markets will react to the latest development out of washington. I think it is. We have 45 days, its kicking the can down the road. I feel that will be relatively positive as far as Market Sentiment over the next trading week and certainly this week and the next couple of weeks. So overall, its a short term reprieve and we will have to see where it is in 45 days. Ratings agencies say a shutdown will hurt us credit rating. What message really is this sending to foreign governments . It puts a level of fear and i think every government needs to be conscious of. If thats the case, that would be negative Market Sentiment and that in turn can create sell off pressures and how its interpreted from not only retail but certainly from sovereign wealth and from governments globally. How would you say in terms of the us economy is doing in terms of a comparison with other economies, say, europe or even china which we know is flagging . How is the us economy being viewed by investors . Its been very strong in the first eight months of the year. September gave up a bit of hot steam and overall employment is strong, Consumer Confidence has relatively strong, and the Fourth Quarter will be interesting with earnings are naturally rolling into christmas, so at the moment i saying its relatively bullish but we have to see where that runs. Lets go to india where a new goods and services tax and Online Gaming has come into effect but critics say it will be a major setback to the booming industry. My colleague joins us with more details from mumbai. Good to have you in the programme again. What impact is this likely to have . fine this likely to have . One startup this likely to have . One startup founders this likely to have . One startup founders i this likely to have . One i startup founders i spoke this likely to have . One startup founders i spoke to start up founders i spoke to described this as a body blow to the industry because essentially what used to happen until now is a lot of the Online Gaming start ups with personal tax on the commissions they earned from many of the online gamers. Now a 20 goods and services tax would be levied on the entire face value of the transaction of the entire winnings, so this coupled with things like these commissions could take the tax of players hire as 50 according to one lawyer i spoke with. This essentially means that gaming would become unattractive for many players and some even suggested they could be a spate of bankruptcies that we could see in the sector. Last week we also saw was the government essentially levied a Retrospective Tax Notice to the tune of about 7 billion so we could also see litigation going ahead in the months. For background ahead in the months. For background on ahead in the months. For background on this, whats the governments rationale behind this . , this . The government principally this . The government principally want this . The government principally want to this . The government principally want to do | this . The government principally want to do this to make sure that gaming, which considers similar to speculative activities such as gambling, for instance, or batting, is not taxed at a lower rate than essential services. Thats the principle stance but the industry essentially is of the view that the tax regime of 28 on the face value is inconsistent with Global Standards and thats where the difference of opinion is. For now we have seen the amendments have come in at the central level stop some states are still to amend their laws effectively the regime has now come into play from i october. Nikhil inamdar, we will leave it there. Thanks very much for getting us that update. The used car market in Southeast Asia has been transformed over the past four years with a surge of people using online platforms. One leading regional players is a Company Named carsome, established late in the year 2015 but its better to countries like indonesia, thailand and singapore. Asia business correspondence Nick Marsh Sat with the Chief Executive and asked what really be driving this kind of expansion. We are starting to see people spend less time to make a decision to buy a car. They are getting more confident in information they get online. A lot of Consumer Behaviour is not to change and especially on our platform. We see about 30 of people buy cars online without seeing the car before they purchase. Who are your consumers and who is using your platform . Two thirds of Household Income in Southeast Asia are middle class. Markets in malaysia, indonesia, and thailand, the first thing when you get your firstjob and paycheck is you want a car. It represents notjust social mobility, at the same time it is also twofold to run their business, do theirjob and essentially with that rising middle class, the potentialfor us to bring up more car ownership, so we stand a good chance to continue to expand the business in this market. I want to talk electric vehicles because the last few years we have seen enormous investment in Southeast Asia. How will that affect your business . At this juncture anyone would love an ev so ev are doing well but whats likely in Southeast Asia is the supply chain. If you want to change your battery itll cost you a lot of money. There are a lot of unknown issues that is yet to pop up when it comes to maintenance. These are the things we are also learning at the same time along with the ev principles. Ev is still probably going to come and in a much more bigger volume over the next two years. What about the future of the car more generally . We know about the concerns of net zero, of places in europe, cities moving towards a car free future. That must be a concern for you. Is that something you are adapting to . Whats the situation here in Southeast Asia . Whether Southeast Asia would move to a car free environment, its going to be taking at least more than ten years to do so, given that public transport infrastructure is not as ready. In many other markets we are in including cities we operate, it is almost impossible for you to travel without a car. Fundamentally, thats how Southeast Asia or asia in general works, that you require a car and its not something that sometimes can be solved with. Its more convenient if you had a car that it you can travel. Nick marsh speaking to eric cheng. In other news in the headlines a5 a 5 Million Contract as part of the aukus programme with australia and the us to build the tax summaries. According to the tax summaries. According to the uk defence minister. In march the us, australia, and Britain Triad revealed details of providing australia with providing Nuclear Powers to protect the marines by the early 2030s to counter chinese ambitions in indo pacific. Apple says itll address concerns its latest smartphone model runs warmer than expected. The tech giant says the device may feel warmer for the first few days after setting it up because of increased background activity. They say the Iphone 15 Pro and pro max dont cause a safety risk and will not impact the phones long term performance. Chinas new home prices have risen slightly in september after experiencing a four month decline. Officials report prices rose by 0. 05 on average during the month. Developers are working quickly to get new properties on the market. Confidence in the property sector, which accounts for one quarter of economic activity, has been hit since 2021 with beijings crackdown on Debt Accumulation by developers. Lets also take you through what we are expecting news lies through the week. We will get data from japan on Monday Morning with the Bank Of Japan is due to release its latest Business Sentiment survey among large manufacturers. Economists expect an improvement for the second straight quarter. On tuesday the Reserve Bank Of Australia will hold its monthly meeting to decide on the cost of borrowings and rounding off the week we will see Indias Central Bank committee decide on interest rates. Thats it on the chauffeur now but stay on with bbc news. Thanks very much for watching. Voiceover bbc news, bringing you different stories from across the uk. It all began when his Admin Job In Leicester was under threat and he turned to online journalism, launching bellingcat, exposing fake news, largely to the embarrassment of russia. That is made up and we know that. Its smartphones which have changed everything. Combined with tools on the internet, everyone can be a recorder of news and also tell the difference between real and fake. Mass amounts of information that we really didnt have 20 years ago, and thats allowed us to do investigations on things like chemical Weapons Attacks in syria, the shooting down of aircraft in ukraine and now, the current conflict in ukraine. We are able to take an image like this, which is from the day before the air strike and following on the next day, see the damage from the air strike as its happening. Its absolutely crucial to have voices like his who are actually a bit more optimistic in what can seem quite a doom laden area of study. Really, what hes doing, its coming good on the potential that the internet initially promised. Education is the key in the fight against misinformation. And we see people using the internet at younger and younger ages and if we arent engaging with them, showing them how to have a positive impact on the discourse, then its just going to lead them down some pretty nasty rabbit holes. For more stories from across the uk, head to the bbc news website. 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It was a major job to get it all rebuilt. It is clear nothing will be stopping him any time soon. Mi; stopping him any time soon. My lans stopping him any time soon. Tj� i plans for retirement stopping him any time soon. M plans for retirement at stopping him any time soon. M1 plans for retirement at the moment, i will keep plodding on. This hello and welcome to sportsday. Im karthi gnanasegaram. These are the headlines. A rollercoaster of emotions on the final day as europe regain the ryder cup in rome. Clinging onto the hope of a quarterfinal place, australia beat portugal, but could still get knocked out of the Rugby World Cup at the group stage. Record crowds and a win for defending champions chelsea on the opening day of the womens super league. Hello and welcome along to the programme. Where well start in italy where europe have won the ryder cup beating the usa, despite the American Team ensuring some final day drama in the singles. The winning moment fell to tommy fleetwood, as europe claim a seventh straight ryder cup at home winning this one by 16. 5 11. 5. Andy swiss reports from rome. Well, the final scoreline here was certainly emphatic in europes favour, but there was a brief period whether european fans may have been getting a little bit nervous. They got off to a great start on the final day with victories for victor hoglund, for tyrrell hatton, and for rory mcllroy and that meant they only needed half a point to win the cup. But getting that final half point proved a little bit tricky. Matt fitzpatrick missed a putt to clinch the cup. And at that Point European fans who have been looking down