World Business Report

New York becomes the first US state to impose a moratorium on building large-scale data centres.
The measure, announced by New York's Governor Kathy Horchul, applies to all centres using 50MW or more of power and will remain in force for a year. We hear what the moratorium might mean for business.
The announcement comes hours after Australia's prime minister Anthony Albanese announces tougher rules for companies wanting to build data centres there.
Elsewhere, the removal of a border fence separating southern Spain from the British Overseas Territory of Gibraltar puts an end to border controls that have been in place for 118 years. And our correspondent Anna Holligan looks at Europe's largest freight port in Rotterdam, which is under pressure to be greener.

Chinese GDP growth slowed to 4.3% but success in electric vehicles and EV batteries boosted export earnings. We also head to Gibraltar where citizens and businesses of "The Rock" and Spain cheer the end of passport checks on the frontier border following the post-Brexit agreement between Spain and the UK.
World Business Express - Finance, economy and business news from BBC journalists around the world. The stories that matter: World Business Express brings you the essentials on the fast-changing global economy. What forces are driving the markets and industry? Hear unique insight from top CEOs, investors, economic thinkers and small business bosses.

Big banks, big profits...We're looking at the handsome results posted by five big US banks today.
We'll also look at threats to wheat exports in both Russia and the United States
And why is American beef so pricey at the moment?
(Picture: Close-up of benjamin franklin on scattered one hundred dollar bills. Credit: Getty Images)

US banks see supersized profits as dealmaking streak continues, but will US households feel any richer after inflation data showed gasoline prices at the forecourt eased for drivers. Video conferencing app Zoom has predicted a three-day working week as AI boosts worker productivity...but do bosses agree? And what will the fallout be for Paramount and Warner Brothers after their media mega-deal hit a regulatory roadblock?

Twelve US states sue Paramount Skydance over its planned takeover of Warner Brothers. We hear from California's attorney general Rob Bonta who's leading the charge against that proposed 81 billion dollar Hollywood merger.
Plus, South Africa's biggest diamond mine pauses production for two years. Find out why?
And what would you pay for a bit of trash from Taylor Swift's wedding?
(Picture: California Attorney General Rob Bonta holds a press conference next to the iconic Hollywood sign, in Los Angeles. Credit: Reuters)