those are some of the world s largest economies. deutsche bank research crunched the data. nvidia has enjoyed a meteoric rise, adding a full $1 trillion in market cap injust about a month this spring. the firm has been capitalising on the fever around artificial intelligence. the chips made by the company are used to power the ai applications that are in use and in development now and companies are betting they ll be instrumental in the future. shares of nvidia are up around 170% this year. in other news now chinese car companies are called in other news now chinese car companies have called on their government to hit european union rivals with import taxes of up to 25% if the trading bloc imposes tariffs on vehicles from china. that is the country s state media view. that amount was reportedly made a closed door meeting made at the chinese industry of commerce which was attended by representatives of european car firms. the measures would target guards from the european un
those are some of the world s largest economies. deutsche bank research crunch to the data. nvidia has enjoyed a meteoric rise, adding a full $1 trillion in market cap injust about a month this spring. the firm has been capitalising on the fever around artificial intelligence. the chips made by the company are used to power the company are used to power the ai applications that are in use and in development now and companies are betting they ll be instrumental in the future. shares of nvidia are up around 170% this year. over 70 million people in the us are under heat alerts this week, with extreme temperatures as high as 41 celsius forecast in some areas. scientists say many extreme weather events are becoming more frequent and intense as a result of climate change and it s coming at a cost not just to human lives, but also to businesses. i have been speaking with professor illan noy, who suggests that climate change could be costing the world around $16 million per hour
shareholders are in favour. welcome to business today. i m sally bundock. we start in the us where the cost of borrowing will be staying higher for a while longer. the us federal reserve left its key interest rate unchanged on wednesday at its highest in more than two decades and signalled it only expects to make one cut this year. the fed though is predicting four more cuts in 2025. the decision came just hours after some encouraging news on its battle to control inflation. america s official consumer price index showed prices rising at an annual rate of 3.3% in may. that was down 0.1% on april s rate and was lower than expected. but it s still way above the fed s inflation target of 2%. erin delmore in new york has all the details. economic datasets can feel abundant, these are two big deal events. we ve only seen them happen on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morni
To bring you the information on the issue that 33 one half british people voted on a year ago. That result, 17. 5for people voted on a year ago. That result, 17. 5 for leaving the European Union, and 16 million for remaining, was a majority for brexit. But after an Election Result where nobody won a majority, what has changed 7 where nobody won a majority, what has changed . I am heading to brussels to get some answers, and to speak to those on the other side of the negotiating table. And i am going the other way, to the north. Toa going the other way, to the north. To a town with a special place in my life, and which is to tell the story ofa life, and which is to tell the story of a very divided britain. Rather in South Yorkshire is the place where my mother was born. It voted firmly for brexit. Rotherham. But after a year, i want to see views have changed. It is famous for steel and coal. With factories and pits employing thousands. Mostly gone, along with thejobs. Employing thousand
Im katya adler. And im kamal ahmed. For the next half hour, well try to bring the you the essential, Up To Date Guide on the big issue that 33 and a half british people voted on a year ago whether to remain inside or to leave the European Union. That result, 17. 5 for leaving the European Union, and 16 million for remaining, was a majority for britain exiting the eu, what we all call brexit. But after an Election Result where nobody won a majority, what has changed . Im heading to brussels to get some answers, and to speak to those on the other side of the negotiating table. And i am going the other way, to the north, to a town with a special place in my life, and which helps to tell the story of a very divided britain. Rotherham in South Yorkshire is the area where my mother was born. It voted firmly for brexit. But after a year of turmoil, i want to find out if views there have changed. It is famous for steel and coal, with factories and pits employing thousands mostly gone, along wi