us markets are in an upswing as the democratic national convention begins, with the economy in focus. and we speak to the boss of a japanese giant which is now facing a massive overseas buyout. hello and welcome to business today. i'm steve lai. let's begin in the united states. the democratic party has begun its national convention in chicago where it'll formally confirm kamala harris as its presidential candidate. this comes as a rally on wall street rolls on, driven by expectations of interest rate cuts. the bbc�*s michelle fleury has all the highlights. conflicting economic data has had wall street on a worrilow coaster ride as of late, it's on the upswing right now the 500 rose 1% in the tech heavy was of 1.4% and the industrial average climbed six tenths of a

percent. stocks tumbled earlier this month after a disappointing monthlyjobs report and since then, they've recovered thanks to some encouraging data, including the latest retail sales figures. and just financial markets feeling more positive. the banking giant has cut odds for session 20% from 25%. now, the focus turns to federal reserve, do to address central bankers this friday at a symposium in jackson hole. with the anticipation in september, they're looking for clues on future policies. but thousands of democratic officials, vip and journalists are descending on chicago and the democratic national convention. it is a chance of the party to show support for their nominee, but they're failing to bring down they're failing to bring down the price of food and groceries and expect plenty of talk about

the economy as well. there has been a focus on democratic presidential candidate kamala harris�*s plans for the economy. she hasjust announced plans to raise the corporate tax rate from 21 percent to 28 percent. she earlier proposed a federal ban on grocery price hikes to tame inflation. for a closer look at these plans, we're joined by carolyn kissane. she is the associate dean at centre for global affairs at new york university. how realistic are harris�* economic plans? some of the ideas are good on paper, some are quite un—implementable. for example, calling for a ban on price gouging, that is not something thatis, gouging, that is not something that is, in my opinion, economically feasible. but she is definitely going to be honing in and i think will be hearing that across the dnc this week on the economy and on affordability and addressing what is for americans, the

sense that they are paying higher prices for all of their goods, including groceries but i would highlight the fact that the idea of putting a ban on price hikes will be somewhat infeasible. did price hikes will be somewhat infeasible.— infeasible. did been quick to label kamala _ infeasible. did been quick to label kamala harris - infeasible. did been quick to label kamala harris as - infeasible. did been quick to label kamala harris as a - label kamala harris as a socialist, how would you care to address economic agenda? very progressive. speaking to the fact that the economy and economic pain is a top priority for americans as they are thinking about this election. and going to what's good for polling and good sound bites or voters and again, campaigning

and similar things will be harder to implement and focusing on the middle—class in the last segment, looking to increase tax rates on the corporations and high income earners. among those missing after the sink on monday. 32 people including british american and canadian nationals. 15 people have been rescued by emergency services and the bbc has been told that the search will continue. turning to india, they have seen a meteoric rise in what is fuelling this rise? we have more. up at a staggering 90% since listing in august nine and some 10% hitting the

circuit and maximum percentage and the price of the stock has allowed a single session which trailing has extended and there's a couple reasons why this rally has happened in the company has launched in one of motorcycles report suggest that investors are betting they will benefit from lower costs but their own batteries. investors also stocking up on the shares of this company to increase that exposure to the industry. some analysts have expressed concerns and the sharp spike is beyond the companies fundamentals. but for now, the rally will take this company to $7 billion. the economy is bad, people buy smaller affordable items, but for others, it contributes to a third of its sales. the firm forecasted week

in the expected revenue in the current fiscal year. and intel says beauty trends in china are changing. says beauty trends in china are chanutin, ,, .., , says beauty trends in china are chanauin. ,, h, , ., changing. especially for china's market, - changing. especially for china's market, think . changing. especially for i china's market, think the consumers are changing post—pandemic and by that, i mean — post—pandemic and by that, i mean there are different aspects in the consumers are changing _ aspects in the consumers are changing their skincare routine and with— changing their skincare routine and with resource of 2023, we observed _ and with resource of 2023, we observed that 36% of chinese women — observed that 36% of chinese women are changing their skincare _ women are changing their skincare routine and how the use their— skincare routine and how the use their overall consumer growth _ use their overall consumer growth and i want to mention that_ growth and i want to mention that the — growth and i want to mention that the online retail set has been — that the online retail set has been changing in the recent

years— been changing in the recent years and especially for the comprehensive websites, discounts of the normalised across — discounts of the normalised across the year which means that— across the year which means that the _ across the year which means that the holiday in the shopping moments are becoming less reliable for the companies to troost— less reliable for the companies to boost their overall sales. and — to boost their overall sales. and so— to boost their overall sales. and so changes and impacts on the industry and these are the changes— the industry and these are the changes they need to consider if they— changes they need to consider if they want to thrive in this environment. after surging more than 20 percent in monday's session, we're keeping a close watch on shares of 7 & i holdings injapan. that's the parent company of 7—eleven convenience stores, which is reviewing a takeover offerfrom a canadian rival. prior to the canadian offer, mariko oi caught up with the company's boss, ryuichi isaka and asked about its global empire. this is the sensation on tick—tock in thailand. 7ii's toasty. at 711 in singapore,

the speciality, born in the us, originally in the south and daily necessities in the japan now has the global empire that is double mcdonald's or starbucks. this is the man in charge of the empire. he wants to expand it even more. we have more stalls _ to expand it even more. we have more stalls than _ to expand it even more. we have more stalls than mcdonald's - to expand it even more. we have more stalls than mcdonald's or i more stalls than mcdonald's or starbucks but mcdonald's operates on 110 countries in starbucks about 90 countries. and so we are working with the expansion and we have completed the acquisition of 7—11 australia and at 750 stores. we are so big in asia and meanwhile, will have about 300 stalls in europe. find meanwhile, will have about 300 stalls in europe.— stalls in europe. and there's some serious _ stalls in europe. and there's some serious obsessions - stalls in europe. and there's. some serious obsessions with japanese convenience stores

during the patronage of celebrities and while 7—ii operates in many countries, many say the stores in japan rule them all. the fresh food selection and that is something that he is trying to address overseas. that he is trying to address overseas— that he is trying to address overseas. ~ ., ., . ., overseas. we are noticing a gap in performance _ overseas. we are noticing a gap in performance between - in performance between different countries. what we found is that stores which sell fresh food are attracting many more shoppers. we want to grow with high quality, notjust increase the quantity. we want to make sure customers are happy and increased sales of each stalls while increasing the number of stalls in order to achieve that, we need to build a local supply chain just as we did injapan. but build a local supply chain 'ust as we did in jammi as we did in japan. but as a company — as we did in japan. but as a company they _ as we did in japan. but as a company they get - as we did in japan. but as a company they get 1696 - as we did in japan. but as a company they get 1696 of i as we did in japan. but as a | company they get 1696 of its company they get 16% of its revenue from selling food, food waste is a huge issue. fiur revenue from selling food, food waste is a huge issue.- waste is a huge issue. our goal is to cut c02 — waste is a huge issue. our goal is to cut c02 emissions - waste is a huge issue. our goal is to cut c02 emissions and - is to cut co2 emissions and reduce food waste by 50% by

2030. and by 75% by 2050. to achieve this goal, we took an innovative approach to extend the shelf life food. we also empower store to discount food nearing its expiration date to sell products rather than waste 90% of stores participate in this initiative in the pilot test stores successfully reduced waste by 10% in addition, approximately 400 stores except nonperishable food donations to help community members in need. just to let you know, bbc coverage of the democratic national convention is comprehensive and takes place on a website and we have a live ptay on a website and we have a live play page on going and you can alsojoin a coverage ratio on bbc news at the top of the hour where you will have live coverage on the event and president biden expected to headline the event tonight. goodbye for now.

look hey, i'm zoph with the catch up. tonight, a yacht that sank in sicily. emus helping a nine year old and weigh in day at london zoo. our top story tonight — you might have seen this all over your socials today, as a british yacht sankjust off the coast of sicily because of bad weather early this morning. a man has died and several other passengers are still missing. one woman who was rescued said she had to hold her daughter above the water to stop her drowning, and that she couldn't keep her eyes open and all she could hear was people screaming. so what actually happened then? well, one of the eyewitnesses says he saw a water spout, which is basically a tornado over water rather than on land. these can form during really bad storms. now for more on this story, you can head

to the bbc news website. next, this one isjust adorable. a nine year old boy with autism has said hatching emus from eggs has taught him all about love. obsessed with their names as well, so the emus are called nip and pip. zac said the incubating and hatching them gave him an insight into what it feels like to be a parent. also, it's super wholesome because zac did this to help out a local farm in buckinghamshire, and here's what his mum had to say. they have imprinted on him when they were in the eggs about two weeks before they hatched. the egg started to rock slightly whenever zac started whistling. and now for 10s of annual weigh in day at london zoo. these are some of our favourite moments from it. the baby penguins are having a lovely time. this monkey is the cutest thing i've ever seen and just look at the size of this pig. i love it. you're all caught up now. see you later.

hello and welcome to sportsday — i'm paul scott. here's what's coming up. veteran vardy at it again. the leicester forward salvages a point for the foxes as they hold tottenham to a 1—1 draw. with ben stokes missing — it's bowler matthew potts who gets the nod for england as they prepare for the test series with sri lanka later this week. and aryna sabalenka wins in cincinatti as she beats jess pegula to lift her second title of the year.

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