Business Matters BBC World Service

President Biden has said that he should know by the end of Friday whether there is a deal with Republicans to raise the government debt ceiling, so it can continue to pay its bills. Mr Biden said things were looking good and he thought negotiators were very close to a deal. The two sides have a little more breathing room after the US Treasury Secretary, Janet Yellen, extended the debt ceiling deadline by four days, to 5 June.

(Picture: U.S. President Joe Biden. Source: Somodevilla/Getty Images)

Nvidia, a US firm which specializes in chips powering artificial intelligence, surged as much as 27% on Thursday, putting the company on course for record performance with a market cap above $900 billion.

But where is the future of AI while there are raising concerns about regulation and safety?

And have you ever heard of ‘greedflation’? Find out why price rises might be bringing out some unsavoury tendencies in retail.

(Picture: The logo of NVIDIA is seen displayed on a mobile phone screen with AI (artificial intelligence) written in the background. Source: Getty Images)

Florida governor Ron DeSantis has filed the necessary paperwork to run for the US presidency, saying he's Donald Trump without the drama. Mr DeSantis is expected to be one of the strongest challengers to the current leader in the polling: Donald Trump, despite being some way behind him. Kasia Madera is joined by Kimberly Adams, a correspondent for Marketplace in the US and Alicia Garcia Herrero, an economist in Singapore.

(Picture: SIOUX CENTER, IA - MAY 13: Florida Gov. Ron DeSantis speaks during the annual Feenstra Family Picnic at the Dean Family Classic Car Museum in Sioux Center, Iowa, on Saturday, May 13, 2023. Picture Credit: Getty Images).

Apple have announced a multi-billion-dollar deal with technology and manufacturing company Broadcom to produce 5G components to be used in its products.

Kasia Madera is joined by economist Gaby Castro-Fontoura in Uruguay and report Andy Uhler in the US.

(Picture: CUPERTINO, CALIFORNIA - SEPTEMBER 07: Apple CEO Tim Cook wears a new Apple Watch Ultra during an Apple special event on September 07, 2022 in Cupertino, California. Picture Credit: Getty Images).

US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling.

Kasia Madera is joined by Jessica Khine, Corporate Advisor for the investment firm Astris Advisory in Malaysia and Walter Todd, president and chief investment officer at Greenwood Capital in the US.

It's day two of the G7 summit, and the leaders of the group of major developed economies are in the Japanese city of Hiroshima. So far the focus of their talks has been Russia and Ukraine - today there is another major issue on the table – China.

The Indian government says it will start withdrawing its highest value currency note from circulation saying it is not widely in use. People have been asked exchange their two-thousand rupee notes (worth around twenty five dollars) for smaller denominations by the end of September. An official from the central bank said the withdrawal would not cause any disruption to normal life or the economy.

NASA has awarded the contract to build its astronaut Moon lander to a consortium led by Blue Origin - the space company owned by Amazon founder Jeff Bezos.

(Picture: G7 leaders (left to right) Canada's Prime Minister Justin Trudeau, US President Joe Biden, European Commission President Ursula von der Leyen, Japanese Prime Minister Fumio Kishida, UK Prime Minister Rishi Sunak, French President Emmanuel Macron, European Council President Charles Michel and Italian Premier Giorgia Meloni arrive for the family photo at the Itsukushima Shrine during the G7 Summit on May 19, 2023 in Hiroshima, Japan. Source: Stefan Rousseau - Pool/Getty Images).