News and Tax Data Financial news from the BBC New chapter ahead, Reeves promises business At a key lecture in the City of London, the shadow chancellor will also vow to reform the Treasury. Energy grid needs £60bn upgrade to hit green target New undersea cables and power lines could add up to £30 a year to energy bills, a new plan suggests. Japan hikes rates as its inflation wish comes true The historic move is the first time the country's central bank has raised interest rates for 17 years. JD Sports ad attracts motorbike safety complaints The retailer has come under fire for an advert showing motorcyclists wearing trainers and doing wheelies. Nvidia unveils latest artificial intelligence chip The firm has benefited from the AI boom, making it the third-most valuable company in the US. How Temu is shaking up the world of online shopping Despite controversy China's Temu is becoming a global online shopping force. Evergrande and its founder accused of $78bn fraud Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life. Is TikTok really a danger to the West? Calls in the US for a ban on TikTok have reignited the global debate about its cyber-security risks.