To try and rein in soaring prices. So where is the Economy Heading . Im joined now by Salomon Fiedler whos an economist at berenberg bank. Better than expected numbers . More thanjust better than expected numbers . More than just a Coronation Weekend you alluded to, june was the strongest month. The coronation was in may. Domestic spending is relatively strong at the moment or has been in 02. Strong at the moment or has been in q2. Consumers have spent and we see that in the figures now. 02. Consumers have spent and we see that in the figures now. That in the figures now. There are concerns for that in the figures now. There are concerns for the that in the figures now. There are concerns for the longterm that in the figures now. There are| concerns for the longterm health that in the figures now. There are i concerns for the longterm health of concerns for the Long Term Health of the uk economy, what is going on there . , ,. , the uk economy, what is going on there . ,. ,. There . Maybe ust separately, really lonuterm there . Maybejust separately, really longterm health there . Maybejust separately, really longterm health and there . Maybejust separately, really longterm health and then there . Maybejust separately, really longterm health and then say there . Maybejust separately, really longterm health and then say the l Long Term Health and then say the next number of quarters. Early indicators for 03 not quite as promising as per 02. Probably stagnation the most likely outcome. For the time beyond that we are a bit more optimistic. We are likely going to see a pick up in growth again either at the end of the year heading into next year where we have stronger consumer spending, declining inflation, probably the Housing Market at some point you are finding about manned, we have for some time now seen Business Investment coming back. If that persists into next year, that also helps the supply side of the uk economy which could then support more growth heading into 2a 25 and beyond. The more growth heading into 2425 and be ond. A ~ more growth heading into 2425 and be ond. ~. ,. , beyond. The Bank Of England has been raising interest beyond. The Bank Of England has been raising interest rates, beyond. The Bank Of England has been raising interest rates, water beyond. The Bank Of England has been raising interest rates, water today raising interest rates, water today double figures mean for that picture . I double figures mean for that icture . ,. , ~ double figures mean for that icture . ,. , ~ 1, ~. , picture . I do not think the bank of encland picture . I do not think the Bank Of England should picture . I do not think the Bank Of England should put picture . I do not think the Bank Of England should put too picture . I do not think the Bank Of England should put too much picture . I do not think the bank of. England should put too much weight on those figures, they have timely and relevant data available. Producing prices, giving more clues to what the direction in which inflation is going to end. Those numbers are more timely available and that is what the Bank Of England will likely focus on. Will likely focus on. Thank you so much. To asia now and one of chinas biggest Property DevelopersCountry Garden group has warned it faces losses of up to 7. 6 billion for the first half of this year. Its the latest sign of the Serious Problems facing the worlds number 2 economy. Katie silver is in singapore and is following the story. We asked her if this is part of a far wider problem in chinas real estate market. This might feel like deja vu, if Country Garden collapses. The company held by chinas richest woman, moody downgrading the company on the back of its news. We hear there is going to be a task force looking at how they can turn things around. Similarto looking at how they can turn things around. Similar to evergrand, looking at how they can turn things around. Similarto evergrand, we hear bondholders are looking for a 30 day extension. This goes to the problem and crisis we have been covering for years about the property sector, hugely indebted, the Public Sector has been a big driver of economic growth, making up a quarter of the economy and a symbol of chinas Economic Development and the real part of the dream of owning ones and property. But the latest and for the struggle the second largest economy in the world is facing, huge trade issues, exports and imports down, double digit drops, and the fact china is facing deflation and a huge issue when it comes to youth unemployment. There are questions now about how they can turn this all around. , now, would you dare to get into a Driverless Taxi . In a win for the Autonomous Vehicle industry, california regulators have given the green light to cruise and waymo to offer commercial Robotaxi Services across San Francisco 2a hours a day, seven days a week. Our north America Business correspondent Michelle Fleury joins us now. Tell us more. This historic decision essentially tell us more. This historic decision essentially makes tell us more. This historic decision essentially makes san tell us more. This historic decision essentially makes San Francisco i tell us more. This historic decision l essentially makes San Francisco the first city in the world to have two companies, alphabet owned, offering fully operational, paid autonomous taxi services. Driverless cars on a fast track to widespread use certainly in the state of california, Silicon Valley in natural Test Bed Given it is home to so many big in technology, but regulators now giving it a rubbish tank rubber stamp. They have been able to operate with certain times and location restrictions but this essentially lists those. This and location restrictions but this essentially lists those. Essentially lists those. This has been a divisive essentially lists those. This has been a divisive view, essentially lists those. This has been a divisive view, tell essentially lists those. This has been a divisive view, tell us essentially lists those. This has i been a divisive view, tell us about the opposition it has faced. I been a divisive view, tell us about the opposition it has faced. I think unsurprisingly the opposition it has faced. I think unsurprisingly safety the opposition it has faced. I think unsurprisingly safety is the opposition it has faced. I think unsurprisingly safety is first the opposition it has faced. I think unsurprisingly safety is first and l unsurprisingly safety is first and foremost what critics are focused on, incidents where traffic has been blocked, vehicle stalled, interfered with Emergency Responder at. Firefighters, a car that pulled slowly over. These are the kind of things critics are focused on. A 3 1 vote. There is talk it will be challenged. It was so contentious the decision was delayed twice while california regulators worked to try to get more informational data from these two companies. Critics question the quality of the data that the regulators have received from these car makers in part because they say it doesnt include things like when they hit a curb or pull into a bike lane which can create hazards but dont necessarily result in accidents. 56m create hazards but dont necessarily result in accidents. Result in accidents. San francisco and california result in accidents. San francisco and california tend result in accidents. San francisco and california tend to result in accidents. San francisco and california tend to lead result in accidents. San francisco and california tend to lead the i result in accidents. San francisco. And california tend to lead the way with technology, is this the start of other places rolling out moves like this . , of other places rolling out moves like this . , ,. , like this . That is the concern, or that is what like this . That is the concern, or that is what supporters like this . That is the concern, or that is what supporters say, i like this . That is the concern, or. That is what supporters say, right . After ten years in the case of crews working on this, it is validation of their efforts to try to put these Driverless Cars on the roads are finally paying off. Cruise. There had been promised for a while but it hadnt come to fruition. The challenge for regulators is what are you regulating . Safety, software, our traditional regulators qualified to have oversight of Software Given cars these days are less about engines and more about Computer Technology and sensors and Artificial Intelligence and things that make it remote . All sorts of things coming to this but on the flip side there are those who have Eyesight Problems to say this will change the way we live. Others who say this could help address some of theissues say this could help address some of the issues in cities, change Public Transportation and raises questions about climate change. A lot going on here and i think that is why people are sort of paying so much attention to this. , ~ ,. , are sort of paying so much attention to this. , ~ , ~. � to this. Thank you, michelle. Im not sure i to this. Thank you, michelle. Im not sure i will to this. Thank you, michelle. Im not sure i will be to this. Thank you, michelle. Im not sure i will be brave to this. Thank you, michelle. Im not sure i will be brave enough. | more than a billion women worldwide are going through the menopause and the Global Industry for menopause products, such as dietary supplements, is booming worth more than a hundred billon dollars a year. But one leading doctor in the field has questioned whether they do any good. Dr Louise Newson has been speaking to Aaron Heslehurst, for this weeks talking Business Weekly programme. She told him its just awful how much money is being spent by women who are just desperate to feel better. I worry about it, i dont work with any of these companies, do any work. I read somewhere the other day it is 120 billion per year spent on menopause related products. 1. 2 billion women worldwide are menopausal, how will we get them to get them to buy face cream or shampoo . When i was struggling to get treatment from the nhs i would have spent a lot of money on anything to help me because it would have been cheaper than a divorce, if it meant i could keep my job and income, people are very desperate to feel better. The advertising on some of these products is great, they also try and push people away from hrt. It has worried me because there is no evidence no evidence that these supplements will make a difference. The money spent on this is just awful, actually. And theres lots more about menopause and the workplace this weekend on talking Business Weekly with Aaron Heslehurst here on bbc news. The Chinese TelecomCompany Huawei has announced a pick up in sales, the first since 2020 when it became the first since 2020 when it became the focus of us sanctions in a spat between washington and beijing. A net profit of over 6 billion in the First Six Months of the year. America said huaweis equipment could be used for Chinese State espionage, allegations the company denies. Here in the uk, motorists are paying more than ever to insure their vehicles, with the industry claiming inflation and a massive rise in Vehicle Repair Costs are to blame. An analysis of 28 million policies found the average premium, in the three months to the end ofjune, was £511, thats 21 higher than this time last year. The Association Of British Insurers said sustained Cost Pressures were behind the record highs. Former uk environment secretary Theresa Villiers has revealed she failed to declare Tens Of Thousands of pounds of shares she held in Oil Giant Shell whilst in the role. The tory mp said she had held a stake in the firm worth over £70,000 since february 2018. But she only declared it last month, along with Similar Holdings in Drinks Giant Diageo and finance firm experian. Dont forget you can get in touch with me and some of the team on twitter. Im noornanji. Thats World Business report. Well see you next time. More on the build up to the new premier League Season to come and the latest on harry kane. Premier League Season to come and the latest on harry kane. Sweden are throu~h to the latest on harry kane. Sweden are through to the the latest on harry kane. Sweden are through to the semifinals the latest on harry kane. Sweden are through to the semifinals of the latest on harry kane. Sweden are through to the semifinals of the i through to the semifinals of the world cup. Japan missed a penalty but pulled one back in the closing stages but it wasnt an and sweden held on to win 2 1 win 21 111th win 2 1111th minutes goal, and the semifinal against widnes on tuesday. England take on colombia in the quarterfinal tie, South Americans proving the surprise package, could take a better and knockout champions . I