the uk, unemployment rose to 4.2% in the uk, unemployment rose to 4.2% in the three months tojune, up from 3.9% in the previous three months. average wages, not including bonuses, grew at a record rate of 7.8% during that same period, which is almost the same as the latest uk inflation measure of 7.9%, which was recorded injune. it means average pay has almost caught up with price rises. let's discuss that now with jane foley, who is head of strategy at a bank. it sounds good that wage growth has caught up with inflation, but is there something more complicated at play here? there is alwa s a complicated at play here? there is always a sting _ complicated at play here? there is always a sting in _ complicated at play here? there is always a sting in the _ complicated at play here? there is always a sting in the tail _ complicated at play here? there is always a sting in the tail with - always a sting in the tail with economic data. what it does mean is that it economic data. what it does mean is thatitis economic data. what it does mean is that it is just about certain that the bank of england will be hiking interest rates again. the next meeting is towards the end of september. they will almost be —— almost certainly be raising interest rates again by .25%. this city has begun to speculate that rates will begun to speculate that rates will be going up even further, may be as much as 6%. those expectations were damp in months or so ago by softer than expected inflation data. we have the next release of inflation data tomorrow. that is softer than expected then these expectations about bank of england interest rates could be quite volatile. the about bank of england interest rates could be quite volatile.— could be quite volatile. the other element of _ could be quite volatile. the other element of this _ could be quite volatile. the other element of this data _ could be quite volatile. the other element of this data is _ could be quite volatile. the other element of this data is that - could be quite volatile. the other| element of this data is that you're seeing unemployment going up. it is going up from quite a low level. it doesn't sound like good news, but is there a chance that that in itself takes the heat out of the inflationary picture.- takes the heat out of the inflationary picture. yes, you're . uite inflationary picture. yes, you're quite right- _ inflationary picture. yes, you're quite right. this _ inflationary picture. yes, you're quite right. this is _ inflationary picture. yes, you're quite right. this is what - inflationary picture. yes, you're| quite right. this is what interest rate hikes are all about, about trying to loosen the economy, loosen up trying to loosen the economy, loosen up the labour market so there is less demand in the system, so inflation can come down. we are seeing in the set of data early signs that the labour market has peaked, that it is listening. unemployment has gone up just a small bit, but also the number of vacancies is also slowing down, suggesting it will be a little bit more difficult to find a job going forward. more difficult to find a “ob going forward. ., ., , ., . forward. from a broader economic perspective. _ forward. from a broader economic perspective. do — forward. from a broader economic perspective, do we _ forward. from a broader economic perspective, do we want _ forward. from a broader economic perspective, do we want wage - forward. from a broader economic. perspective, do we want wage growth to start taking downwards once again? to start taking downwards once auain? ., ., , , , , again? unfortunately, yes. there is some ain again? unfortunately, yes. there is some pain that— again? unfortunately, yes. there is some pain that is _ again? unfortunately, yes. there is some pain that is necessary. - again? unfortunately, yes. there is some pain that is necessary. to - again? unfortunately, yes. there is some pain that is necessary. to get inflation down we need to go through this. we need the labour market to loosen and that means it will be less easy to find a job. employers therefore won't have to raise wages to attract workers quite so much. that is the situation that we need to get to to bring inflation down. there will be pain in the short—term for some people who won't be able to find thatjob quite so easily or won't see wages going up so much in the next few months, but that is the situation we need to arrive at in order for us situation we need to arrive at in orderfor us all to situation we need to arrive at in order for us all to see much inflation rates. thank you very much for that. argentina has been plunged into an economic shock after a far right candidate unexpectedly won the first round of his presidential election. his radical policies include ditching argentina's central bank and its peso currency and replacing it with the us dollar. argentina had already been an economic peril with inflation running at116%. it is on the brink of its sixth recession in the brink of its sixth recession in the space of a decade. the central bank has now raised the interest rate to an incredible ”6%. —— 118%. that is the move to devalue the peso by around 20%. he is a former television personality. no government experience although he has been a member of congress. he has been a member of congress. he has described himself as an anarchical capitalist and at tantric sex instructor. he won 30% of the vote in the presidential primary. that means he is going to be on the list of candidates for the presidential election proper which is coming up in late october. net speak to doctor christopher sabatini. thank you very much for being with us today. let's talk first of all about that key economic policy. is there any version of reality in which ditching the peso and adopting the dollar could work? no. he has changed this time about 50 times. it is a very vague notion, full of platitudes. the county —— country did try in the mid—19 90s to pack the peso to the dollar, so every peso entered circulation was a dollar in the central bank. that led to a massive loss of income to people from argentina. it is effectively impossible for an economy the size of argentina to do so. ., y ., economy the size of argentina to do so. ., ., so. put on your political analyst hat. so. put on your political analyst hat- what _ so. put on your political analyst hat. what will _ so. put on your political analyst hat. what will happen - so. put on your political analyst hat. what will happen when - so. put on your political analyst hat. what will happen when we | so. put on your political analyst . hat. what will happen when we get so. put on your political analyst - hat. what will happen when we get to the proper presidential election? has he a chance of winning? he does. we don't know— has he a chance of winning? he does. we don't know precisely _ has he a chance of winning? he does. we don't know precisely what - has he a chance of winning? he does. we don't know precisely what his - we don't know precisely what his popularity is. he pulled little over 30% in the primaries. but the other two parties, the candidates didn't do so well. some are close, 22%, in that area, including the governing party. the truth is truth is it is only about 60% of the voters turned out in the primaries. we don't know how that other 32% are going to approach. it could break entirely to javier milei and he could win in the first round. this second vote getting candidate of the centre—right party, patricia bill reg, she will be the standard bearer of the conservative party who will be in competition with javier milei. the governing party has been badly damaged by the shocking state of the economy. as central bank that is broke. yes, he stands a good chance. he doesn't have any experience in governing and doesn't have a political machine either in the congress or the provinces. from economics to celebrity creativity and the concept of a celebrity creative director appears to be back in vogue. you know the kind of arrangement where you get a big name personality lending their name creative input to a big name brand. we asked the bbc�*s north american corresponded michelle fleury to speak to one of them and asked that big awkward question, are they qualified? dj khaled, the grammy award—winning music mogul with the midas touch. his latest partnership with german streetwear brand snipe saw him open concept store in his hometown of miami. but he is notjust a ramp as my kite man, he is also its chief creative officer, a title he doesn't take lightly. why are we seeing more celebrities in executive roles? people through that name out, celebrity, and i am very grateful for the world to call me a celebrity, but we are visionaries, too. i think it is beautiful. it is levels, steps of your hard work and you get to a certain point and, boom, i've got my own store. let's not forget about the 35 years of hard work to get to why a am at today. hard work to get to why a am at toda . , , , , hard work to get to why a am at toda . , , , _ ,. hard work to get to why a am at toda., ,, ., today. given his busy schedule, how much can a — today. given his busy schedule, how much can a celebrity _ today. given his busy schedule, how much can a celebrity like _ today. given his busy schedule, how much can a celebrity like dj - today. given his busy schedule, how much can a celebrity like dj khaled i much can a celebrity like dj khaled contribute? a lot according to the cpo contribute? a lot according to the cfo —— contribute? a lot according to the cpo -- cpo, who contribute? a lot according to the cpo —— cpo, who credits the wrapper with turbo—charging the growth of the company. it with turbo-charging the growth of the company-— with turbo-charging the growth of the company. it was a crazy move. the time when — the company. it was a crazy move. the time when we _ the company. it was a crazy move. the time when we made _ the company. it was a crazy move. the time when we made this - the company. it was a crazy move. the time when we made this deall the company. it was a crazy move. i the time when we made this deal we just had 65 stores in the us. we signed with dj khaled, with two nba teams, and everybody in the united states thought this german guy is a little crazy, it is a little bit too much for what it is, but i think it was the best starting point we could have. idj was the best starting point we could have. ¢ . was the best starting point we could have. ,, ., , ., .,, was the best starting point we could have. ,, ., , ., have. dj khaled pots macro as part of an emerging _ have. dj khaled pots macro as part of an emerging trend, _ have. dj khaled pots macro as part of an emerging trend, of _ have. dj khaled pots macro as part of an emerging trend, of famous . of an emerging trend, of famous faces taking on executive roles. thanks for rail williams at louie vito. it used to be there to sell product you would have a celebrity to posed with it, run tv ads and stick the image on a giant billboard. but that was on the age before social media it started back in 2008 when instagram was invented, really. vanessa is the new york times fashion critic.— really. vanessa is the new york times fashion critic. once upon a time we got _ times fashion critic. once upon a time we got most _ times fashion critic. once upon a time we got most of _ times fashion critic. once upon a time we got most of our - times fashion critic. once upon a. time we got most of our consumer information from magazines. social media allowed to reclamation between influencers and consumers. the floodgates _ influencers and consumers. the floodgates opened. for the stars she said it's about more than money. the celebrities said it's about more than money. tue: celebrities want more said it's about more than money. tue celebrities want more input. they don'tjust want to celebrities want more input. they don't just want to be celebrities want more input. they don'tjust want to be a face. they don'tjust want to be a face. they don't want to be just giving their image to the brand. they want to say over what their image is connected to. :, : ., over what their image is connected to. ., . ~' :, over what their image is connected to. :, , over what their image is connected to. ., :,, to. the lack of paper qualifications ma feel to. the lack of paper qualifications may feel unfair, _ to. the lack of paper qualifications may feel unfair, but _ to. the lack of paper qualifications may feel unfair, but social- to. the lack of paper qualifications may feel unfair, but social media i may feel unfair, but social media has changed the way the world sees brands and as long as it makes the company money, as celebrity creative director is here to stay. the swiss bank ubs has agreed to pay a $1.1; billion fine in the united states to resolve fraud claims stemming from the 2008 financial crisis. this will close the last case brought by prosecutors looking into the conduct of the bank. ubs did not admit or deny the claims. japan's economy grew faster than perspective, at 6% in the second quarter, boosted by rising demand for its exports of a weaker currency. the figures show that the economy has expanded for three consecutive quarters. that is it from me. well business reporters back a little a little bit later. in the long shed next to the river, and extraordinary endeavour is taking shape. the painstaking recreation of the world—famous sutton burial ship, using tools anglo—saxon shipbuilders would have used, the latest recruits are three apprentice joiner is. used, the latest recruits are three apprenticejoiner is. just used, the latest recruits are three apprentice joiner is. just massively appreciative. _ apprentice joiner is. just massively appreciative, really. _ apprentice joiner is. just massively appreciative, really. of— apprentice joiner is. just massively appreciative, really. of their- appreciative, really. of their craft, what they did, how they engineered these things to go on the sea. ,, : , engineered these things to go on the sea. ,,. , , engineered these things to go on the sea... , , ,, sea. since its discovery in 1939 by the local archaeologist, _ sea. since its discovery in 1939 by the local archaeologist, the - sea. since its discovery in 1939 by the local archaeologist, the story| the local archaeologist, the story of sutton hoo and its extraordinary treasures has controlled the world. bent at around 680 the ship is thought to be the resting place of a king. at by sponsors, donations and more than 100 volunteers, the charity began reconstruction in 2019. it charity began reconstruction in 2019. , ., charity began reconstruction in 2019. , :, , charity began reconstruction in 2019. , ., , . charity began reconstruction in 2019. , ., , : ., 2019. it is an experiment. we are buildin: 2019. it is an experiment. we are building the _ 2019. it is an experiment. we are building the best _ 2019. it is an experiment. we are building the best guess _ 2019. it is an experiment. we are building the best guess we - 2019. it is an experiment. we are building the best guess we can i 2019. it is an experiment. we are building the best guess we can ofj building the best guess we can of what that ship looked like, but it will only be proved once we get it on the water. the will only be proved once we get it on the water-— on the water. the insight will be fitted out with _ on the water. the insight will be fitted out with seating _ on the water. the insight will be fitted out with seating for - on the water. the insight will be fitted out with seating for 40 . fitted out with seating for a0 rowers. a focus to plan the launch river trials will take place in the spring of 2025. hello from the bbc sport centre. firstly to a dramatic semifinal at the women's world cup, with spain booking their place in sunday's final after a 2—1victory over sweden in auckland. our reporter shyma khalil was watching and joins us live now. it has been a really turbulent journey for this manage to get to this point, and they were the underdogs, as well.- this point, and they were the underdogs, as well. they were. i have been _ underdogs, as well. they were. i have been starting _ underdogs, as well. they were. i have been starting my _ underdogs, as well. they were. i have been starting my coveragel underdogs, as well. they were. i - have been starting my coverage with the phrase history maids a lot of times in this tournament and i must say it really applies to spain. the spanish team, who have never been to a women's world cup semi final and their history are now through to the final. yes, it has been a turbulent journey because this is a team that has been marred by so much controversy, so much tension with some of the best players and their coach, some of them threatening to pull out before this tournament, and here they are under his leadership one win away from going all the way. it took about 18 minutes with this game to come to light. it was level at times, frustrating at times. sweden playing very strong defence, very calculated, and spain having possession, making those chances but failing for a long time to score, then those nine minutes towards the end of the second half but that

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