that's raised hopes that after 11 hikes in the cost of borrowing, the federal reserve may have won the battle against soaring inflation. steven blitz is chief us economist at t5 lombard. let's start with those numbers. 0n the surface of it, it appears that the surface of it, it appears that the usjobs market continues on the surface of it, it appears that the us jobs market continues on and hot streak. i the us jobs market continues on and hot streak. , , ,., , ., hot streak. i guess so, but more important _ hot streak. i guess so, but more important and — hot streak. i guess so, but more important and critically - hot streak. i guess so, but more important and critically for - hot streak. i guess so, but more important and critically for the l hot streak. i guess so, but more l important and critically for the fed is that hiring is really settling in to the kind of monthly growth numbers that will soar from 2017 to 2019, so i think that the heat of the rehiring is clearly off. there are always special factors in any month and you also have to understand that the last couple of months have been revised lower, which is has the market people a little bit concerned, but to her opening point, yes, often there is no hike in september. 140 opening point, yes, often there is no hike in september.— opening point, yes, often there is no hike in september. no holik? said this is enough — no hike in september. no holik? said this is enough of— no hike in september. no holik? said this is enough of the _ no hike in september. no holik? said this is enough of the fed _ no hike in september. no holik? said this is enough of the fed to _ no hike in september. no holik? said this is enough of the fed to put - no hike in september. no holik? said this is enough of the fed to put a - this is enough of the fed to put a pause? this is enough of the fed to put a ause? , . ., , pause? they were inclined to pause an a , pause? they were inclined to pause anyway. the — pause? they were inclined to pause anyway. the fed — pause? they were inclined to pause anyway, the fed thinks _ pause? they were inclined to pause anyway, the fed thinks it _ pause? they were inclined to pause anyway, the fed thinks it has - pause? they were inclined to pause anyway, the fed thinks it has the i anyway, the fed thinks it has the fun is exactly where it wants it to be relative to inflation, and i think it is a very happy, unless there is some surge in one direction or another and inflation in tow, they are very happy to just keep the numbers where they are for an extended period. i numbers where they are for an extended period.— numbers where they are for an extended period. i may write by sa in: extended period. i may write by saying that _ extended period. i may write by saying that it — extended period. i may write by saying that it can _ extended period. i may write by saying that it can take _ extended period. i may write by saying that it can take anything | saying that it can take anything like 12 months to ten years for these interest—rate hikes to actually fade into the real economy, and if that is the case were only in the early stages of feeling the impact? —— years. the early stages of feeling the impact? -- years.— impact? -- years. that is no miniature — impact? -- years. that is no miniature but _ impact? -- years. that is no miniature but nothing - impact? -- years. that is no miniature but nothing about| impact? -- years. that is no - miniature but nothing about this has been normal. there are two points, to counterbalancing points, you have a large sector of the economy that is adjusting and has been disrupted ijy is adjusting and has been disrupted by their balances, it has expanded over the last 10—15 years because the cost of funding is close to zero, and that is obviously overweight. a part of the economy you are most people are talking about, it is housing and other sectors of the economy, and i have been arguing that it is the late second quarter of this year that the fed finally got interest rates into a restrictive level, so that will work its way down and negatively impact the economy at some point. and i still think a recession is rather than later but i think that narrative is housing a bit of steam. when that point, a real pleasure having you on the show, thank you for your input, happily —— have a lovely weekend in will talk to you soon. shares in india's adani group have fallen sharply after a new report says it used opaque funds to bypass rules that prevent share price manipulation. the report alleges the group invested millions of dollars in publicly traded stocks of its own companies through offshore structures. the group is led by billionaire gortum adani, who is currently at no 2a on the forbes real—time billionaires list. here's our india business correspondent, nikhil inamdar. before that, i just want to give a disclaimer that the bbc hasn't been able to independently verify any of those. as you pointed out, this is done by a consortium of global investigative journalists. but essentially the crux of the allegations is that entities close to the adani group have used opaque funds to bypass rules on market manipulation here in india. there are at least two individuals who are related. party entities were pumping in millions of dollars into adani stocks to jack up the share price, and this could potentially be in contravention of india's public shareholding rules. these are, of course, allegations that the adani group has strenuously denied, calling them baseless and meritless. but it would be giving them a sense of deja vu, arun, because similar allegations were made just a few months ago, if you remember, by the us—based short seller hindenburg, which had also accused the adani group of brazen market manipulation and accounting fraud that led to a market rout of sorts with billions of dollars of its market capitalisation lost. and we've seen what's sort of going on in the markets, but, just on the ground there, what's been the reaction to all of this, more broadly? right. so, even in terms of the markets this time, the reaction has been decidedly muted. so we saw about a 3% cut on the adani enterprises share prices yesterday, but today, you know, they have bounced back a little bit. broadly speaking, though, the opposition seems to have picked up on this, particularly the opposition leader, rahul gandhi, who in fact held a press conference yesterday waving that the guardian newspaper, which had carried, of course, these allegations, he said this is exactly the kind of thing that actually really hurts india's global reputation. he's even asked prime minister modi for a parliamentary probe. and the opposition has often accused the adani often accused the adani group of being very close to the prime minister and so they will be using this certainly to attack the government in power as we enter into a major election season, arun. to the music business now because a major label has signed a digital popstar whose voice has been made with the help of artificial intelligence. warner music now have noonoouri on the books, who is releasing herfirst song. what does it mean for the music industry? shiona mccallum's been to berlin to find out. meet noonoouri. she's a virtual character, an instagram influencer and has worked with big fashion brands. her appearance has been created using 2d graphics and motion capture. now this avatar has a record deal backed by a major label. oh, my god! this is amazing. it was accelerating my pulse when i got the email from warner music central europe is writing me and they were like asking me, are you interested in music? and i say, well, what a question. her voice has been created with the help of artificial intelligence. they pitched it higher. of course they made it more female. but we didn't want to create like a human voice. we wanted to have it a bit like technology, like a bit tech voice. so the bass and the original voice of her is my voice. and to make this sound, they got a singer involved too. there comes the moment where we used ai technology. the voice from the singer, we needed to know when he was singing high, when he was singing low, when he was singing slower, when he got more speed, when he got more pressure. warner music is releasing the first single. when you want to experiment with motion capture technology and so on, she is a perfect fit here. you can appear in different places at the same time. you can change her style in a minute. we can make her fly if we want because it feels natural to her because she's already a digital character. so there are more opportunities than with the human artist in that respect. al was only a small step in the creation of this song. producers and songwriters all over the globe contributed. like every new technology, ai brings with it immense opportunity, but it also raises profound challenges. it's about knowing whetherj something is al generated. there are questions - about personality rights. at the moment, personality rights aren't really copy protected. - you could generate an ai version of a pop star and a singer- and they wouldn't have any rights about how that is used. _ it's looking about regulatory. and legal framework around ai is used so that it enables human | creativity in the music industry. | clearly, the use of ai is becoming more mainstream, but now it's officially entering the charts, will it make it to number one? let's focus on ageing populations now and the financial implications of getting older. around the world, average life expectancy has doubled injust over 100 years. that brings big challenges about how to pay for healthcare and welfare. but drjoseph coughlin from the mit agelab has told the bbc it is something to be celebrated. frankly, there are many challenges. but longevity or ageing populations should be looked as an amazing journey. we've not had this many old people and, frankly, living this long and this well. so some of the challenges are, what will they want? how do we keep them engaged? how do we maintain productivity in an ageing world? these are notjust challenges but they are global opportunities as well. and you can get much more on the economics of an ageing population on talking business weekly with aaron heslehurst this weekend here on bbc news. in other news... shell is to sell its household energy supply business in the uk and germany to british firm 0ctopus energy. the deal gives 0ctopus a significant share of the uk market — a total 6.5 million customers — after gaining around two million customers who get their electricity, gas or broadband from shell energy. the two firms are also looking at a potential international partnership over electric vehicles charging. here in the uk, large parts of the country will have no train services on friday as the latest major strike takes place. members of the train drivers' union aslef at more than a dozen train companies will walk out on friday and refuse to work overtime on saturday. up to 20,000 rmt union members at 1a operators will also walk out as part of a long—running dispute on saturday. uk house prices fell by 5.3% in august compared to last year, which is their biggest annual decline since 2009, according to nationwide. the building society said the drop represented a fall of £14,600 on a typical home in the uk since house prices peaked in august 2022. this shows locations and available across somerset. it this shows locations and available across somerset.— this shows locations and available across somerset. it comes as either an injection — across somerset. it comes as either an injection or— across somerset. it comes as either an injection or spread. _ across somerset. it comes as either an injection or spread. this - across somerset. it comes as either an injection or spread. this is - across somerset. it comes as either an injection or spread. this is a - an injection or spread. this is a receptor in the brain. it's molecules attach on top of the receptor. when it is taken, it knocks the opioid self, which can reverse the effects of an overdose. it can work in two or three minutes, to get it to someone in need quickly more people need to stop carrying it around with them, just in case. there is a big uptake in people taking it, but laura and people actually carrying it.— taking it, but laura and people actually carrying it. more than 411 and somerset _ actually carrying it. more than 411 and somerset police _ actually carrying it. more than 411 and somerset police officers - actually carrying it. more than 411| and somerset police officers have been trained to use it, this app is encouraging others to do the same, especially those who might come into contact with drug users such as family members, friends of those who work in busy places, so more people have access to this life—saving medicine. hello from the bbc sport centre. liverpool have turned down a bid of £150 million for mohamed salah from saudi pro league side al-ittihad. liverpool remain insistent the egypt international is not for sale, and that is final as far as the club are concerned. the 31—year—old signed a new three—year contract last summer and his agent has previously dismissed talk of a move saying, "if we considered leaving liverpool this year, we wouldn't have renewed the contract." the liverpool manager, jurgen klopp, admits he's concerned about the number of players across europe moving to saudi clubs whose transfer window doesn't close for nearly three weeks. i don't know how stable it is or how long it will stay like that, i don't know what these kinds of things, but i think the next two weeks will show how much of a challenger tennis because whatever happens there obviously, nobody can react any more. that is something i think we should have aneurin.

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