World Business Report

Nvidia raises $500bn for AI Data Centres

Some of the world's biggest banks and investment firms have partnered with the chip giant to invest in artificial intelligence infrastructure. The money from the likes of Goldman Sachs, BlackRock and KKR will go towards Nvidia's own projects and those being built by its partners. Meanwhile, Trump Media, the company behind Donald Trump's Truth Social platform, has revealed that more than 10 customers have paid up to $100,000 each to use a controversial service that offers faster access to posts on the site.

Why are billionaires investing in the Premier League?

A consortium led by businessman Amit Bhatia, including Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin are in talks to buy around a 30% stake in Liverpool football club. We find out why so many of the world's richest people keen to invest in the Premier League. Elsewhere rising temperatures are affecting economies across the world and we have been hearing from some of the areas affected on how it is effecting the way they do business. Also, Shein has been given the green light to IPO in Hong Kong. We find out why the valuation pitched to potential investors is low. And we hear one business's reaction to the news that Denmark is preparing to scrap its royal warrant system, ending a centuries-old royal seal of approval. PHOTO CREDIT: PA

China launches first regular Arctic shipping route

The "Ice Silk Road" will run along the north Russian coast on its journey between Ningbo on China’s east coast and Felixstowe in the UK. Sea Legend, the Chinese container shipping company behind it, say the region is emerging as a viable alternative to the world’s traditional shipping routes. Also, officials in Germany say falling water levels on the river Rhine could mean that it split into two separate sections for cargo boats. The river is forecast to drop below ten centimetres this week making part of it too low for commercial shipping and cruises.

The USA's employment slump

The US saw a weaker market after losing 23,000 jobs in July and it's figures are much worse than expected. We'll be hearing why the American economy isn't creating more jobs. Plus, could oil be the saviour of Venezuela's economic needs? As the conflict in the Middle East continues to choke global supplies, Venezuela has a unique opportunity to gain market share and investment through having the world's largest reserves. And, Wetherspoons, a large pub chain in the UK has banned Meta's smart glasses which allows the wearer to film what they're looking at, sometimes without the subject's knowledge. We hear from a bar owner who's followed suit for their customers' privacy.

US creates fewer new jobs than expected

Overall, the US economy shed 23,000 jobs in July in the latest sign of a cooling labour market. Traders say an interest rate rise is now less likely. Meta, the owner of Instagram and Facebook, has been fined a record penalty of half a billion dollars in a court case over child safety. And a row has broken out in the UK as a local authority tries to stop people standing up in pubs.