Steel and aluminium products are more than tripled to 25%. Tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. The increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mrtrump clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports while ms harris has said his proposal would raise prices for the american people. Raise prices for the american eo le. . , ,. , raise prices for the american eole. . . , , people. The european union is also considering _ people. The european union is also considering tariffs people. The european union is also considering tariffs on also considering tariffs on china made electric vehicles and negotiations are ongoing. The block was meant to vote on the taxes earlier this week that has since been delayed. We will bring you any updates as and when we get them. In other news us stock markets rose on thursday with the s&p 500 closing at a record high for the third time this week. Shares in micronjumped by almost 15% stop this came after the chip company posted strong earnings and said it expected growth in the months ahead. Led by the artificial intelligence boom. Fresh data out of the shows the number of americans seeking unemployment benefits has fallen to a four month low. The world's largest economy also grew by 3% in the april to june quarter in line with earlier estimates. India's gold imports have tripled in august from the previous month according to the world gold council coming after the government lowered a customs levy from 15 to 6% but overall consumer demand may not be so rosy. India is the worlds second largest consumer of the metal and indians love the goal. Now that it is at least 9% cheaper thanks to thejuly duty cut families are flocking to buy gold jewellery. The festive season starts next week which is followed by the wedding season and that is the time when gold buying is the highest and this year is expected to be a bumper. Crop harvard prospects have risen. Villages where a third of indians live had been a drag on consumption in recent years but this optimism is not shared by its city consumers who until recently led india's post—pandemic recovery but are now showing a dip in confidence as the central bank data. Money is tight. There is a curb on risky credit that mostly fuels sales among urban indians. Credit card defaults have gone up, interest rates are still higher and the effect is also evident. Carsales, higher and the effect is also evident. Car sales, a bellwether for over demand, has plummeted, inventory is piled up, and dealers resorting to discounts. Hoteland up, and dealers resorting to discounts. Hotel and restaurant sales and only luxury brands are still hopeful of a rally. But if overall festive season sales dip, it effects india's economic growth, listed above 6. 7% by all four cars. Businesses are hoping consumers will open their pockets and the central bank could support with an interest rate cut next month now inflation is slowing. They say they have fingers crossed. Over to japan, where the ruling party will choose its new prime minister today, with the winning candidate taking office next week. It follows a surprise announcement last month when fumio kishida announced that he was stepping down. The bbc�*s mariko oi takes a closer look at the candidates that may replace him. It isa it is a crowded race of nine contenders all vying to be the next leader of the party in government. Members of the liberal democratic party will cast their vote for a new leader. If no contenders receive more than half the vote there will be a run—off between there will be a run—off between the top two candidates. Based on polls, these three are the top contenders. Fumio kishida. If his name sounds familiar thatis if his name sounds familiar that is because his father was the foremost —— former prime minister. He would become the youngest leader if elected. Critics say he lacks experience. His call for labour reforms to make it easy for companies to fire workers. A protege of shinzo abi is another candidate. If elected she would become the country because my first ever female prime minister. The economic policies are expected to be investor friendly just like a mentor. She is also known as one of the most conservative lawmakers in her party, so her leadership could likely affect japan's relationship with its neighbours, china and south korea. The other candidate is a veteran lawmaker who has previously been the party's secretary general and a defence minister, the fifth time he is making a bid for the top job. He has proposed a reviving japan's rural areas to boost the economy and floated the idea of raising the country's corporate tax but he has also been criticised for not having a clear economic plan. The ldp has ruled japan for 65 of the last 69 years, but recent scandals have shaken up the political factions that have controlled this once dominant party. They are no longer the power players they used to be. Making the result of this party leadership contest more unpredictable than ever before. Nobuko kobayashi gave me more insight into what's at stake in the leadership race injapan. Economically speaking i think the most short—term effect that we will see is from unknown term's we will see is from unknown term's unknown candidacy and being elected because she is the most hawkish and conservative. She vows to inaudible and that would mean she opposes the boj's rate hike so that would mean easy access to money inaudible would be prolonged. Also her monetary policy will be very expansionary, so the market will like this for the short run anyhow and we can expect a positive effect on stock markets. Positive effect on stock markete— positive effect on stock markets. . ,. , markets. Now for something different — companies are being warned about the increasing use of artificial intelligence to carry out so—called ceo fraud. But while there are worries about the rise of ai clones, some say we should be excited about a future where your clone can go to a meeting on your behalf. Cyber correspondentjoe tidy, and his clone, reports. This is an ai clone, notjust of my face and voice but my thoughts as well. Paint on my public profile. Hello, joe. What does joe public profile. Hello, joe. What doesjoe tidy like to do forfun? i what does joe tidy like to do for fun?. , , what does joe tidy like to do forfun?. For fun? i en'oy participating in for fun? i enjoy participating in triathlons, _ for fun? i enjoy participating in triathlons, marathons for fun? i enjoy participatingj in triathlons, marathons and one swimming and also like elf and a movie geek. — and a movie geek. Aside from dela s, and a movie geek. Aside from delays. It _ and a movie geek. Aside from delays, it works _ and a movie geek. Aside from delays, it works pretty and a movie geek. Aside from delays, it works pretty well i delays, it works pretty well itoi. Delays, it works pretty well i—to—i. What if delays, it works pretty well itoi. What if i delays, it works pretty well i—to—i. What if i said to work meeting? 1to1. What if i said to work meeting?— 1to1. What if i said to work meetinu? , ~. . , ,. , meeting? these ai clones are more about — meeting? these ai clones are more about attending meeting? these ai clones are i more about attending meetings that do the whole job. Keep things interesting, though. There is growing excitement for al clones across the industry. Ai clones across the industry. Ceo says in the future we will be able to offload more mundane meetings to the robots. It sounds bonkers but things are moving fast and of course criminals are experimenting too. Police in hong kong investigating after cyber fraudsters use some sort of ai face and voice cloning to trick an employee during a live video meeting. $25 million was transferred in the fake inaudible deal in february, thought to be the first case of criminals using cloning tools to carry out a ceo fraud. But ai voice cloning has become more common. — ai voice cloning has become more common. Upon seeing the ndi i can furnish _ more common. Upon seeing the ndi i can furnish additional ndi i can furnish additional detail to ensure the successful completion of this operation. They were quite lifelike and leter— they were quite lifelike and later in _ they were quite lifelike and later in the process i actually forwarded these to someone who has known — forwarded these to someone who has known him for years, he said. — has known him for years, he said. Ok. _ has known him for years, he said, ok, that could be inaudible. — said, ok, that could be inaudible. . ,. , , inaudible. Modern. He was tarueted inaudible. Modern. He was targeted by _ inaudible. Modern. He was targeted by criminals _ inaudible. Modern. He was targeted by criminals who inaudible. Modern. He was targeted by criminals who sent | targeted by criminals who sent him voice notes that sounded like his new boss and almost forced him to transfer £800,000 of them. ,. , of them. Only need a few seconds _ of them. Only need a few seconds of _ of them. Only need a few seconds of speech of them. Only need a few seconds of speech to of them. Only need a fewj seconds of speech to pick of them. Only need a few. Seconds of speech to pick up the mannerisms and the language and way it is used and quite believable. — believable. Hi, team. What about sending _ believable. Hi, team. What about sending a _ believable. Hi, team. What about sending a full believable. Hi, team. What about sending a full ai believable. Hi, team. What. About sending a full ai clone to a meeting on your behalf for noncriminal purposes? this is a weekly tech news planning meeting. Weekly tech news planning meetinu. . , weekly tech news planning meeting— weekly tech news planning meeting. _ good, meeting. How are you? good, thank yom _ meeting. How are you? good, thank yom it _ meeting. How are you? good, thank you. It is _ meeting. How are you? good, thank you. It is al, _ meeting. How are you? good, thank you. It is al, isn't meeting. How are you? good, thank you. It is al, isn't it? i thank you. It is al, isn't it? it is — thank you. It is al, isn't it? it is at _ thank you. It is al, isn't it? it is m i_ thank you. It is al, isn't it? it is al. Isaid_ thank you. It is al, isn't it? it is al. Isaid it— thank you. It is al, isn't it? it is al. I said it was thank you. It is al, isn't it? it is al. I said it was to it is al. I said it was to start with. — it is al. I said it was to start with. , ~. , start with. The blinking was weird. This _ start with. The blinking was weird. This clone _ start with. The blinking was weird. This clone was start with. The blinking was i weird. This clone was pooling the one but its creator says there is potential. If the one but its creator says there is potential. Iii the one but its creator says there is potential. — there is potential. Ifi have an assistant, _ there is potential. Ifi have an assistant, an _ there is potential. Ifi have an assistant, an ai, there is potential. Ifi have an assistant, an ai, you i there is potential. If i have i an assistant, an ai, you would have different expectations. They swap technology. It costs a lot of money to do, but again, everything gets cheaper and it happens so fast. Mi again, everything gets cheaper and it happens so fast. And it happens so fast. All the erils and it happens so fast. All the perils and _ and it happens so fast. All the perils and positives _ and it happens so fast. All the perils and positives of and it happens so fast. All the perils and positives of ai i perils and positives of ai clones are coming at us past. Clearly, we will have to start working harder to make sure we know who is on the other side of that screen. — of that screen. How can i assist you? _ and from me and my clone, that is it for this edition of business today. Thanks for watching. Hey, i'm ben, and this is the catch—up. Tonight, the future of ai, record—breaking tours and a very tall duck. But first, israel's prime minister has told the military to continue fighting the armed group hezbollah in lebanon. Both sides have been carrying out air strikes, despite calls from the uk and other governments for a pause in the fighting. Over 550 people have been killed in lebanon since monday, and more than 90,000 have had to leave their homes. Hezbollah says it's acting in solidarity with palestinians in gaza. Israel says it aims to remove hezbollah�*s threats. Some other stories now. Two people have been arrested following the death of alice webb, a woman believed to have had a brazilian butt lift, or bbl. It's a procedure designed to enhance a person's bum by injecting it with filler. It's not illegal in the uk, but a number of councils have banned it. Meta has unveiled the next steps of its ai project. Ceo mark zuckerberg showed off some smart glasses and confirmed the meta ai chatbot will be able to talk in the voice of both damejudi dench and john cena. And coldplay looks set to break taylor swift's wembley record. The band will play a massive ten nights at the stadium and have promised not to use the system where tickets get really expensive if there's high demand. Time for ten seconds of something quackers now. Radio one dj greg james has held a memorial for longboy, a duck that went missing from the university of york. A statue was unveiled, before a minute's quacking in his honour — rip longboy. You're all caught up now. Have a good night. Hello and welcome to sportsday. I'm sarah mulkerrins. Coming up: down to ten men after seven minutes, but no problem for spurs as they get their europa league campaign under way. Back in action after his us open victory, jannick sinner gets off to a winning start at the china open. And the son of a famous american father hoping to make it big in basketball in the uk. You're very welcome along to the programme, wherever you are watching around the world. We will start then with the europa league, where ten—man tottenham secured a convincing 3—0 victory over azerbaijani side oarabag after the match was delayed by over half an hour due to travel disruptions. Spurs were reduced to ten men after those seven minutes when radu dragusin was shown a red card, but four minutes later, brennanjohnson put the english side ahead. Sarr doubled the lead seven minutes after the break. So it was dominic solanke then who sealed the win late in the second half.
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