World Business Report

US and Iranian officials have signed a 'memorandum of understanding' to end the war which began in March. Oil and LNG prices are expected to fall as ship traffic resumes.
Dozens of Ukrainian drones have struck the biggest oil refinery in Russia's capital Moscow. Many parts of Russia have suffered fuel shortages in recent weeks.
And Cuba's Communist government has approved reforms to try and revive its economy in the face US oil blockade.

Donald Trump’s new Federal Reserve chair, Kevin Warsh, has held interest rates steady at his first policy meeting, despite being appointed with a clear expectation that borrowing costs would fall. What does it mean for ordinary business owners in the States?
And we look how motorbike couriers smuggling Iranian fuel into Pakistan, where riders say the war has triggered a new boom.
Plus how does one of the world’s biggest oil producers end up short of fuel? We're in Russia where drivers are queuing for hours to fill up their tanks.

US Fed Chair Kevin Warsh who was appointed by Trump is to set to oversee his first meeting, but will he hold rates steady?
In Japan, six major ice cream makers have been raided following accusations that they have unfairly raised prices.
And the Boss of Mondelez who own Cadbury and Toblerone speaks on why he decided to not exit Russia despite their invasion of Ukraine.
Presenter Sarah Rogers
Producer: Barbara George and Aleeza Siddiq

Elon Musk's SpaceX has overtaken Amazon to become the world's fifth most valuable company after a surge in its share price. Why are people keen to invest in commercial space?
Also, Cuba's tourism feels the impact of US oil blockade as fewer people visit the country . We hear from a local tourist guide.
And will AI replace jobs of young people? We hear from a father and daughter about the challenges of finding work in the AI world.

China's consumer spending and investment have fallen to levels unseen since the pandemic but what does that mean for their economy going forward?
Also Donald Trump shares more details on that Iran-US deal at the G7.
And we'll be finding out why tourism is declining in the Caribbean island of Cuba.
Presenter Sarah Rogers
Producer: Barbara George and Aleeza Siddiq