<p>The latest business and finance news from around the world, on the BBC.</p>

World Business Report

The visit to New Delhi is Xi Jinping’s first trip to India in seven years. But will this diplomatic overture lead to stronger business ties between the two countries? We go to our correspondent on the ground who tells us more. How much does the BRICS summit matter? A Brazilian economist tells us her view. 
An expert on Yemen explains the latest shipping crisis in the region, after Houthi rebels take the city of Mocha on the Red Sea.
We go to New York to speak to a mathematician who says the field is in trouble — because of AI.
And the revelation that AI companies are buying rare books and destroying them has sent shockwaves through the books market — one rare book seller tells us why AI companies want the books and what it's doing to his business.
(Image Credit: Reuters)

China’s President to travel to the BRICS summit in India

The European Central Bank has raised its key interest rate to 2.5%, as it steps up efforts to bring inflation under control. Will be taking a look at the kind of impact this is having and will other central banks follow suit. 
Oil as hit over a hundred dollars a barrel, with jet fuel costs in some parts of the world pushed even higher. 
And the Chinese telecoms giant Huawei goes on trial in New York. 
Presenter: Luke Wilson 
Producer: Barbara George

ECB hikes rates to 2.5%

An Anthropic researcher's post on X that there is a 10% chance that AI "could kill all humans" has been viewed more than ten million times. It comes as Jacob Coxon resigns from the company warning that the two top companies are not "acting responsibly." But others say the warnings are overblown. We hear from experts and the public. 
We go to the U.S. where Apple is launching a new product, the first foldable iPhone — the first such launch with new CEO John Ternus. 
And a food safety crackdown in Mumbai, India's financial capital, has gone viral — with thousands of restaurant raids, and photos of filthy kitchens shared widely online.
(Photo: REUTERS/Manuel Orbegozo )

Is AI a threat to humanity?

Oil prices rise above $100 a barrel for first time since July as tensions escalate in the Middle East, we'll be finding out what this means for consumers this winter. 
Some of Europe's biggest airlines call for firings over air traffic control outages in the UK as hundreds of flights are cancelled in the UK's busiest airport. 
And Apple gets set to unveil its latest products with a new boss at the helm. 
Presenter: Luke Wilson 
Producer: Barbara George

World oil price hits $100

The UK has announced new measures targeting Israeli settlements in the occupied West Bank, including a ban on trade with settlement businesses. The move follows a joint declaration supported by 12 countries, amid concerns over the expansion of settlements. Israel has responded by announcing the closure of the British consulate in East Jerusalem and imposing entry bans on a number of British officials.
Canada is hitting back at the latest US tariffs, imposing duties on around $20 billion of American imports in a dollar-for-dollar response.
And thieves have stolen two paintings worth millions from a museum dedicated to impressionist painter Pierre-Auguste Renoir.
(Photo: Jamal Awad / Reuters)

UK bans trade with Israeli West Bank settlements

Canadian retaliatory tariffs on a range of US goods worth around £20bn dollars have come into effect. We'll hear from a dairy farmer in Ohio about the impact of this.
The boss of Dubai Airport says it's bouncing back, even while war in the Middle East continues. 
And Singapore's Prime Minister gets a 1 million dollar pay rise. 
Presenter: Luke Wilson 
Producer: Barbara George

Tariff tensions heat up

Europe's carmakers are facing challenges from every direction. With Jaguar Land Rover announcing 4,000 job cuts worldwide and Volkswagen's plans to cut 50,000 jobs, we look at why some of the industry's biggest names are feeling the strain. And how much of this is being driven by the changing market in China?
The boss of the biggest UK headquartered tech firm, chip design company Arm Holdings, has said that AI will find a cure for cancer that humans can not in our lifetimes; he also thinks that AI will lead to the widespread manufacture of humanoid robots in the next five years.
And we look at why the European Union is betting big on Greenland.
(Image Credit: EPA/Shutterstock)

Thousands to be laid off as Europe's car industry suffers

A victory for the far-right in Germany the AfD fuels calls for faster growth in Europe's biggest economy as businesses call for an economic reform. 
Meanwhile China pumps tens of billions of dollars into its banks to try and boost growth. 
And Jaguar Land Rover becomes the latest carmaker to cut thousands of jobs 
Presenter: Luke Wilson 
Producer: Barbara George

Germany's far-right is gaining ground

It is birthday celebrations for Aardman Animations. The award-winning British studio behind Wallace and Gromit and Shaun the Sheep celebrates 50 years since it was founded in the UK.
And we head over to the US as their latest figures shows they added more jobs than expected but wages are still falling behind inflation. While in Canada, job losses are hitting their retail and finance sectors. We hear from businesses across the two countries about the challenges they are facing.
(Photo: Aardman characters Wallace and Gromit. Credit: PA)
Presenter: Andrew Peach
Producer: Barbara George
Editor: Stephen Ryan

Fifty years of Wallace & Gromit, Shaun the Sheep and Friends

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of the biggest restructuring in the group's history.
It brings the total number of roles the carmaker - which includes Audi, Porsche, Skoda as well as the VW brand - plans to shed by 2030 to 100,000, after announcing in March that it would cut 50,000 roles.
Kenya's President William Ruto has told one of India’s major chemical companies, Tata Chemicals, to “pack up and leave”.
 
The president says the company has not delivered enough benefits for Kenya, accusing it of exporting soda ash rather than processing more of the mineral locally.
And British studio Aardman Animations, creator of Wallace and Gromit, Shaun the Sheep and many other well-loved characters, is celebrating 50 years since it was founded in Bristol by childhood friends Peter Lord and David Sproxton.
 
Since then, its films have brought in more than $1.1 billion at the global box office and won four Academy Awards.
Presenter: Bisi Adebayo
Producers: Huma Shah & Guy Kilty