EU set import tariffs of up to 38% on Chinese EVs

There has been devastating human and economic consequences of the heatwaves in several parts of the world. At least five hundred and fifty pilgrims have died during the annual Muslim pilgrimage to Mecca In the UK inflation has come under the 2 per cent target for the first time in three yearsAnd the surging prices of luxury goods have turned off turned off some shoppers. We ask why?

Citroen CEO Thierry Koskas tells the BBC about its plans to compete with Chinese manufacturers, and why it's "confident" it can beat them on home turf.Elsewhere, Roger Hearing looks at whether Nvidia - now the world's most valuable company - is in a price bubble. And he hears from South Africa's new coalition about plans to boost the country’s economy.

Chip-maker Nvidia has become the world’s most valuable company after its share price climbed to an all-time high. It is now worth $3.34tn with the price having nearly doubled since the start of this year.Also, Devina Gupta takes a look at President Joe Biden's new policy that is likely to change the lives of tens of thousands of migrants married to US citizens, and finds out why stock exchange workers are going on strike in Italy.

Russian leader Vladimir Putin is in North Korea for his first talks there in almost a quarter of a century. We hear what two of the world's most sanctioned nations have to offer each other's economies.Roger Hearing finds out why Boeing's CEO is likely to get a grilling when he appears before the US Senate.With another US electric vehicle start-up filing for bankruptcy, what does it mean for the industry? Meanwhile, how can a new AI tool help fruit growers improve their profits by predicting their harvest?The latest business and finance news from around the world, on the BBC.

United States Surgeon General, Dr. Vivek Murthy, has called for a warning label to be placed on social media platforms advising of the damage to adolescents’ mental health. We hear from a whistleblower on his experiences of working in a social media company. Our colleague Ed Butler explores ‘over tourism’, where locals feel left out of tourist hotspotsAnd The Pixar film Inside Out 2 has dramatically exceeded ticket sales predictions on its opening weekend, bucking a trend of poor performances from new film releases. Rahul Tandon asks why.

The economist Thomas Piketty – author of international bestseller Capital in the Twenty-First Century – joins Roger Hearing to discuss the upcoming French elections, as fears of a far right election win make markets nervous.We also take a look at the world’s second largest economy, China. Its premier Li Qiang is on a visit to Australia to try to repair a fractured relationship that has caused major problems for trade. Meanwhile China seems poised to impose tariffs on EU pork - is this just retaliation for tariffs on Chinese electric cars?

In their closing statement - G7 leaders have issued their starkest warning yet to China over its support for Russia, attacking Beijing for “enabling” Russia’s war in Ukraine, and threatened more sanctions if Beijing keeps transferring material used by Moscow’s defence industry.Smartphones outnumber people now, according to the World Economic Forum. We talk with 'The Phone Lady' who's business aims to help people overcome their phone phobia.Our Europe Correspondent Nick Beake reports from Munich after hosts Germany have won their opening game of the 2024 European Football Championships, with a huge 5-1 win over Scotland.We also discuss America's third largest bank - Wells Fargo - after they fired more than a dozen employees following allegations that some were faking keyboard activity to fool the firm into thinking they were working.

South Africa's newly formed national unity government need to get the economy growing again. We hear from entrepreneur and outspoken critic of the ANC Rob Hersov on what can be done.Meta has halted its AI models in Europe after the Irish privacy regulator told it to delay its plan to harness data from Facebook and Instagram users. We look at what happened and why. Also, Devina Gupta turns to Venezuela where Presidential elections are set for July 28. Edmundo Gonzalez, a little-known former diplomat has been chosen by various parties to be their candidate after the most prominent opposition leader had been barred from running.

South Africa's main opposition party, the Democratic Alliance (DA), says it has agreed a deal with the governing African National Congress (ANC) to form a government of national unity. How will it change the economy? Also, in the programme, Rahul Tandon finds out why Japan is become very popular tourism destination and how it affecting local businesses.

The U.S. Supreme Court has backed Starbucks challenge to a judicial order to rehire seven Memphis employees. They were fired as they sought to form a union. Presenter Devina Gupta examines the implications of the verdict. Disney and Governor Ron DeSantis of Florida agree to end a feud over $17 billion in planned development at Walt Disney World. Disney say the deal will fuel new investment. New York has passed a pair of proposed laws that aim to make social media less harmful to children. We hear what the legislation might mean if it is signed off by the State governor.