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 union with large petrol—driven engines. this comes after european union certain chinese ev makers with tariffs of up to 38% from ajuly. 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 ilan noy, who suggests that climate change could be costing the world around $16 million per hour. we are just quantifying the cost of climate change through extreme weather events, and we are quantifying by how much the increasing frequency of weather events that we have more of, therefore we quantify how much these additional extreme weather events like we had this week. so the figure you quoted is an underestimate for the full costs of climate change. this is just for the extreme weather events because they are becoming more frequent. and would you say smaller businesses are more affected than larger ones? and which sectors would you say are most prone? definitely smaller businesses are less able to adapt to the changing circumstances. the weather is changing and we see that the climate is changing. bigger businesses have more resources that they can tap into when they need to adapt to those changing circumstances. the heatwave is a good example — wealthier businesses could for example install air conditioning, could find a replacement for workers who are staying home because of the heat, and so forth, so they can adapt better. but they are still paying a price — they need to adapt so the cost of adaptation is there, and also some of the things you can't. some people will become sick because of the heat, and you lose labour because of that. so those things, we are not able — big businesses, small businesses — small businesses are much more exposed and vulnerable. and what needs to be done, and are you seeing steps being taken and that? firstly, we need to stop climate change, so we need to solve the climate from continuing to change, meaning we need to reduce greenhouse gas emissions. by the more obvious one is we need to adapt to the changing circumstances we are facing right now — and that involves a significant investment in adaptation. in all countries, specifically in those low income countries and small businesses, and so forth, those entities that cannot afford, we need to assist them because otherwise, we will see just more and more economic damages from these events. let's turn our attention to india — where the country's start—up ecosystem has been suffering a long funding chill. but things could be now turning a corner. the bbc�*s india business correspondent nikhil inamdar has more in this report from mumbai. india's tally of unicorns, or tech startups stands at over $1 billion stands at 67 this year — that's one lesser compared to last year as tech giants dropped off the billionaires club. the future index unicorn... a number of companies expected to hit the $1 billion milestone also were stopped in their track because of the post funding squeeze after covid. but things are looking much better now for india's start ups. international funding is still slow, but that has been replaced by a lot of interest that comes from and the lack of domestic investors, including chennai and individuals and family officers. they are looking to make investments and start up ecosystems. now india is expected to birth at least some 150 new unicorns over the next five years, across a wide range of sectors, from fintech to e—commerce, even new areas such as artificial intelligence and space technologies. and at least 20 of these soon to be unicorns have been founded by women, with some ten of them by people who are under the age of 30. now these newbie companies already employ some 150,000 people, and saw their revenues jump some 70% last year to a cumulative $6 billion plus, marking a major contribution to india's fast—growing economy. nikhil inamdar, bbc news, mumbai. we're at the halfway mark of the year injune — which is also recognised as pride month, dedicated to celebrating lgbtq+ communities around the world. here in asia, thailand made strides towards becoming the first country in southeast asia to legalise same—sex marriage earlier this week. the landmark bill is now with the king for final approval. lgbtq individuals play a significant role in driving the thai economy — that's according to the president of thailand privilege card, an official long—term visa programme. the lg lgbtq+ population is around 10% of the total population, their spending power is around $30 billion us. there are a lot of events that cater specifically to the community. for example, the recent pride event in 2024, which was expected to have almost 900,000 people joining, we also expect that economic spending was around four billion baht during the event. you could be anticipating a rush into thailand, given the circumstances now — would that make you change the way you operate, in terms of your visa programme, and are there any challenges or work that needs to be done ahead? thailan privilege card has always progressed diversity, so we've always accepted legitimate spouses to be considered as the spouse and family when they apply for membership. so this will not change. however, we will continue to add more services to better serve the community. for example, interim services, also clinic, medical treatment, lifestyle and entertainment services. unfortunately, we don't currently have the gsa that specifically serves the lgbtq+ communities, so if there's anyone interested to be our agent to serve the lgbtq+ community. how has the journey towards same—sex marriage been? the journey has been over 20 years. with the same sex bill that's recently been passed, will see the implementation of laws related to the spouse rights, for example, the child adoption, the tax allowance claims, and giving consent — the inheritance of lands and deeds. today we see that love wins, regardless of sexual orientation. thailand is still considered to be the very first country in south asia to pass this bill. so congratulations to all the lgbtq+ community in thailand and around the world. apple will open its first—ever retail in malaysia on saturday, located at the heart of the capital city, kuala lumpur, this will give locals direct access to apple products and their services. malaysia is currently the third country in southeast asia besides singapore and thailand to have a physical store. us technology giants have been pumping in cash in malaysia with multibillion—dollar investments from google and microsoft in the recent months. that is all we have for you on this edition of business today. have a great weekend. hello, and welcome to sportsday with me, gavin ramjaun. gareth southgate says his england side need to find another level, after their disappointing draw with denmark in the euros. spain secure their spot in the last 16 by beating defending champions italy in gelsenkirchen. and india demonstrate their title credentials, as they beat afghanistan at the t20 world cup in barbados. hello there, and welcome along to the programme. england missed the chance to secure the spot in the euro 2024 knockouts as group winners earlier, after a frustrating and disappointing draw with denmark. the match in frankfurt failed to provide any spark — and after taking the lead, gareth southgate�*s side again failed to impress, leaving the door open for others in the final group games. andy swiss reports. hoping to make a splash. england fans soaking up the atmosphere in frankfurt, as thousands descended on the city's main square before heading for the stadium and, they hoped, another