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just about everything nowadays has silicon chips in it, from phones and computers to kitchen appliances and cars. but the world has been facing a chip shortage, which has exposed just how dependent we all are on semiconductor manufacturers in asia, with the vast majority of chips produced by the taiwanese company tsmc. among those who want to wrestle back some of that market share is the us. today, president biden will sign into law a bipartisan bill to boost microchip manufacturing in the us. the $280 billion package is aimed at addressing supply chain problems exacerbated by the co...

idiot is watching it. >> at this point in time, what is known as the platinum age. >> our obligation is to entertain and if we have something to think about, so much the better. >> television should not be just entertainment. >> charges were leveled at commercial television networks. >> congress has no right to interfere with the media. >> you have a responsibility to give the audience what it tendon to say. for years, the 60s, which end in a few hours have a reputation which is not entirely justified. some things got worse, obviously, but tv news coverage is better, not worse, we de...

let's get down to business. we start with bp, as it's expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let's take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off—loading its nearly 20% stake in russian—controlled oil company rosneft. it also instigated a huge share buy—back programme. last week, its rival shell reported second quarter pro...

sir eltonjohn and sir rod stewart. during the concert, prince charles and prince william will pay tribute to the queen. so far, it's been a busy couple of days. the queen appeared in public on thursday when she was on the balcony at buckingham palace at the end of the trooping the colour ceremony. she was joined by senior royals to watch an raf fly—past. we actually saw the queen twice on thursday as she also took part at a lighting ceremony in windsor castle. more than 3,000 beacons were lit across the uk — and commonwealth countries around the world. yesterday the main event wa...

hello, if you havejustjoined us, you are very welcome. let's crack on with the top business stories. we start in san francisco — where, as you have been hearing, president biden has hailed "real progress" following four hours of talks with china's president xi — on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides — and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the us on lifting trade sanctions on china — including the export ban on advanced computer chips â€...