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BBCNEWS Verified July 1, 2024

million cars after the us regulator found its autopilot system was partly defective. the company says it is issuing a software fix. and find out what we ve been watching, as for the first time, netflix releases viewer data on its catalogue. time for a look at the business news now with ben. what do you have for us? matthew, thank you very much. we start with news from tesla. the carmaker is recalling more than two million cars after the us regulator found its driver assistance system, autopilot, was partly defective. the recall applies to every tesla sold in the us since the autopilot feature was launched in 2015. tesla said it would send a software update over the air to fix the issue. our north america business correspondent michelle fleury joins us now. michelle, explain this, there are lots of cars but the fix is relatively simple, we think. if lots of cars but the fix is relatively simple, we think. if you listen to the relatively simple, we think. if you lis ....

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BBCNEWS Asia July 1, 2024

that number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. higher interest rates make it more expensive to borrow money and that is supposed to tempt down spending which in turn should tame runway prices. president biden praised the data as good news and called on large corporations to pass the savings on to consumers. now it is up to the fed to decide whether they have done enough work to help prices return to normal. that would mean holding interest rates steady and that is what they are expected to do on wednesday. what investors really want to know is when the fed thinks it will be time to cut rates. they will almost certainly have to wait and hope for next year. of course inflation has been a big topic for many economies around the world this year. it is a different picture in china where we just found out last week the economy is slipping further into deflation, that s falling prices. wit ....

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