US Prices: What's Getting More Expensive

US Prices: What's Getting More Expensive

The latest US inflation data is out, but with the cost of living still a major concern for households, how are Americans feeling about their finances? Plus, Colombia’s new president is set to declare an economic emergency after Monday’s devastating 7.4-magnitude earthquake. And the chairman of Tata Sons, the holding company of India’s vast Tata conglomerate, is stepping down when his term ends next February, after failing to secure board backing for another term.

Total solar eclipse boosts tourism

As parts of Europe head for a "once-in-a-lifetime" total solar eclipse, we hear from one region in Iceland on how they are seeing a boost in tourism in a year when they have seen a decline in tourists from the US. Elsewhere, as the heat and droughts affecting Europe continue to hit the Rhine River, we get the impact on the German economy. Also, Nvidia raises $500bn for AI data centres for some of the world's biggest banks and investment firms, and we find how much the AI revolution will cost. And as hybrid working leaves more offices underused, could converting offices into homes help tackle housing shortages and revive business districts? PHOTO CREDIT: EPA-EFE/REX/Shutterstock

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.