i'm monica miller. we begin with china — and the mounting signs that the world's second—largest economy is slowing down. in a surprise move on tuesday, beijing said it was no longer going to release youth unemployment figures, which reached record highs injune. meanwhile, the country's central bank also cut the cost of borrowing in an attempt to help boost growth. on the international front, beijing is trying to encourage more foreign investment, at a time when relations between china and the us are strained. daniel pickard is an international trade and security expert, and he says the biden administration's de—risking strategy poses yet another threat to foreign businesses operating there. i think the biggest challenge right now is the clear message from the us government coming out of —— right out of the

white house, that they are encouraging us businesses to help de—risk from china, that they are encouraging us businesses limit investment in china, especially with industries touching on national security concerns.— security concerns. one of the thins security concerns. one of the things china _ security concerns. one of the things china introduced - security concerns. one of the things china introduced over| things china introduced over the weekend is tax incentives as well as help with visas, but will that work? i as well as help with visas, but will that work?— will that work? i don't think so, not will that work? i don't think so. not right _ will that work? i don't think so, not right off _ will that work? i don't think so, not right off the - will that work? i don't think so, not right off the bat. i will that work? i don't thinkl so, not right off the bat. the state council recently issued guidelines to essentially make investment in china more attractive, and i think it shows us three major things. first is that china demonstrates it knows or has a problem, its economy is slowing, he has a housing bubble, unemployment is under dust particularly high and foreign investment is beginning to slow down. the second thing is they are saying the right things, that they are providing tax incentives and trying don't care indicating they'll protect ip rights, and they're trying

to make the economy look more attractive to foreign investors. of the third thing is most important, which is us companies and multi national countries democrat companies across the world paying more attention to what china does then says. so china has been saying for a while they are open for business and encouraging foreign investment, but their actions haven't always matched their words. fix, always matched their words. a lot of companies there still want to do business with the world's second largest economy, are they willing to pull back? i think they are willing to pull back. i think us companies and multinational companies are willing to be flexible, they'll make the changes, they can pull back if they have to, they'll invest more if they want to. but more than anything else, they can't stand the risk. and as the relationship between china in the united states continues to deteriorate, that risk starts to seem too big, and companies have to start looking at what their other

options are. if it means moving to other countries in the region, nearshoring or to other countries in the region, near shoring or moving back to their own country, it's just the risk that comes from the uncertainty. that's the thing that's a difficult pill to swallow. speaking of the challenges faced by international businesses with a presence in china, canada's corporate ethics watchdog is investigating ralf lauren over allegations that its operations in china benefited from the use of forced labour. the canadian ombudsperson for responsible enterprise said it had published an initial report after complaints were filed by a group of organisations against the polo shirts maker. china has denied allegations that uyghur minority inmates are being used as forced labour. well, china's economic misfortune is turning into an opportunity for some of its neighbours. a new report has revealed that india has just emerged as the second largest mobile producing nation in the world. and that's at least partly

due to apple shifting manufacturing away from china. our india business co—respondent nikhil inamdar has more. a couple major factors are driving this growth. one is the massive internal demand for phones as data becomes cheaper and disposable incomes rise. and second is a push by the indian government to increase manufacturing through schemes that are incentivising companies to produce domestically. india has also been hiking import duties on fully built mobile phones in order to promote more local manufacturing and value addition. now according to counterpoint research which has put out this report, nearly 2 billion made an india mobile phone units produced in the country between 2014—23 —— 2014-22. all country between 2014—23 —— 2014—22. all phones were made domestically compared to 20% of

them back in 2014. a lot of this growth over recent years is of course being driven by the likes of apple, which has been betting big on india as it diversifies supply chains away from china. it's already tripled its production from india in the last year and may move a quarter of iphone production to the country by 2025, according to the wall street bankj.p. morgan. the shares of vietnamese electric car maker, vinfast, have soared in thin trading in their nasdaq debut. the stock opened at $22, more than double the $10 per share agreed with vinfast�*s spac partner black spade acquisition. it surged further during the session, ending at more than $37. the merger with the special purpose acquisition company gave vinfast a listing in the us market, where it's hoping to take on industry leader tesla with a $4 billion factory currently under construction in north carolina.

a year ago today, president biden signed into law america's first serious attempt to tackle the climate crisis. but the move has ruffled feathers, as it includes protectionist measures that might hurt europe's green industry. the bbc�*s michelle fleury has more. so why is it called that? lets just say it fit the politics of the day. when it was signed into law a year ago today, prices were rising at their fastest pace in 40 years. but if it doesn't bring down inflation, then what exactly does it do? according to president biden, it's helping to client meant director, climate change, createjobs to client meant director, climate change, create jobs and lower people's health care bills. ,, . . bills. since i took office, the -rivate bills. since i took office, the private sector _ bills. since i took office, the private sector has _ bills. since i took office, the | private sector has announced more — private sector has announced more than $3 billion in investments, not million, billion, _ investments, not million, billion, investments from wind

energy— billion, investments from wind energy manufacturing in america. energy manufacturing in america-— energy manufacturing in america. . . ., , america. the law which was si . ned america. the law which was signed without _ america. the law which was signed without a _ america. the law which was signed without a single - signed without a single republican vote offers tax breaks to companies developing clean energy technology. the rest to take advantage of those credits has delighted white house officials — less so america's allies, like the eu and uk who say it puts them at and uk who say it puts them at a disadvantage. a law that was crafted in washington being felt notjust bait american industry but around the globe. once restrictions were lifted, a renewed interest in classic dressing met sports jackets took off. here's more. introducing the best—dressed street in the world. savile row was founded here by mr henry poole. a few years here after the battle of waterloo.

this year we are looking at a good start of the year for the first half. we will see a little change here, as the pent—up demand is declining a little bit, shall we say, but nevertheless people are aspiring to buy something really special for them. find really special for them. and it's a similar _ really special for them. and it's a similar story _ really special for them. and it's a similar story further i it's a similar story further down the road.— it's a similar story further down the road. ~ ., down the road. when we look at the figures _ down the road. when we look at the figures pre-pandemic, - down the road. when we look at the figures pre-pandemic, i - the figures pre—pandemic, i have — the figures pre—pandemic, i have to _ the figures pre—pandemic, i have to think with open arms and — have to think with open arms and say— have to think with open arms and say it's very much back there — and say it's very much back there and _ and say it's very much back there and improved from the pandemic, which i must say is great — pandemic, which i must say is areat. , , , , pandemic, which i must say is areat. , ,, , , ., great. despite this, last year, the uk's statistics _ great. despite this, last year, the uk's statistics agency - the uk's statistics agency removed... but fear not, they have been replaced by a formal jacket or blazer. irate have been replaced by a formal jacket or blazer.— jacket or blazer. we found we are making — jacket or blazer. we found we are making a _ jacket or blazer. we found we are making a lot _ jacket or blazer. we found we are making a lot more - jacket or blazer. we found we are making a lot more sports| are making a lot more sports jackets, _ are making a lot more sports jackets, blazers, whether they be formal to weeds or light

weight— be formal to weeds or light weight will mesh jackets, and they— weight will mesh jackets, and they have become very popular throughout all regions we do business in. we throughout all regions we do business in.— throughout all regions we do business in. we certainly are seeinr business in. we certainly are seeing a _ business in. we certainly are seeing a change _ business in. we certainly are seeing a change in _ business in. we certainly are seeing a change in public - seeing a change in public wardrobe. they would be drawing to use boots and for sports jackets, now it's the other way around. but nevertheless they are being cautious about their buying. a big part of business now is about 70% is the overseas market with a 30% uk market. it does change a little bit from year on, but the biggest part of that 70 will be america, japan. but biggest part of that 70 will be america, japan. but shopping on savile row _ america, japan. but shopping on savile row is _ america, japan. but shopping on savile row is not _ america, japan. but shopping on savile row is not for _ america, japan. but shopping on savile row is not for the - savile row is not for the faint—hearted. the two piece suit from one of those tailors can cost up to $8,000. both tailors insist that their handmade savile row suit is an investment for the future and that cost per wear can be lowered to wear one. share that cost per wear can be lowered to wear one. are suits

are built to _ lowered to wear one. are suits are built to last, _ lowered to wear one. are suits are built to last, if— lowered to wear one. are suits are built to last, if they - are built to last, if they are looked _ are built to last, if they are looked after over the course of their— looked after over the course of their lifetime, they can last 20-30 _ their lifetime, they can last 20—30 years. they can be adjusted _ 20—30 years. they can be adjusted as weight is lost or gained, _ adjusted as weight is lost or gained, and sometimes they can be gained, and sometimes they can he passed — gained, and sometimes they can be passed on to the next generation. 50 be passed on to the next generation.— be passed on to the next generation. so maybe, 'ust ma be, generation. so maybe, 'ust maybe. i generation. so maybe, 'ust maybe, one of i generation. so maybe, 'ust maybe, one of the fi generation. so maybe, just maybe, one of the suits - generation. so maybe, just i maybe, one of the suits being cut here is being worn around london. that's it for this addition of asia business report, bye for now. bbc news — bringing you different stories from across the uk. in the long shed next to the river deben, an extraordinary endeavour is taking place. the painstaking recreation of the world—famous sutton hoo burial ship. using tools anglo—saxon shipbuilders would've used, the latest recruits are three apprentice joiners. just massively appreciative, really, of their craft and what they did, and how they engineer these things to go on the sea.

since its discovery in 1939 by the local archaeologist basil brown, the story of sutton who and its extraordinary treasures has enthralled the world. built around 600 ad, the ship is thought to have been the final resting place of king raedwald. backed by sponsors, donations, and more than 100 volunteers, the charity, the sutton hoo ship company, began reconstruction in 2019. it's an experiment. we're building the best guess we can of what that ship looked like. but it'll only be proved once we get it on the water. once the planks are in place, the inside will be fitted out with seating for 40 rowers. if all goes to plan, the launch and river trials will take place in the spring of 2025. for more stories from across the uk, head to the bbc news website.

hey, i'm stephen with the catch up! we're starting with an update on a story we told you about yesterday — the homophobic attack on two men outside a popular gay bar in south london. police have now released this image of a man they'd like to speak to. the photo was taken outside two brewers in clapham at the time of the stabbings on sunday night. the victims, in their 20s and 30s, are now out of hospital. the mayor of london, sadiq khan, called the attack "abhorrent" and says there's "no place for hate in london". next up, the women's world cup, where spain are into their first final after beating sweden 2—1. the captain, olga carmona, scored a cracking goal right at the end to seal the win. they'll play either england or australia in the final. some other stories now, and this one sounds like it's straight out of a james bond movie. three people who are accused of spying for russia have been

arrested and charged in the uk. they're all from bulgaria and had fake ids for nine countries across europe. they're due to go on trial in london nextjanuary. and this probably isn't what you want to hear if you're back to uni in september. more strikes are being planned by the university and college union as part of a dispute about pay. it's been going on for months, meaning exams and assessments haven't been marked and some students haven't been able to graduate. and we're going to leave you with ten seconds ofj—lo karaoke. # go on now, go, walk out the door # just turn around now... she belted out a few tunes at a bar in italy over the weekend where she's on holiday. definitely an upgrade on the holiday karaoke we're used to. you're all caught up now. have a good night!

hello, and welcome to sportsday. i'm tulsen tollett. england and australia prepare to face off in the women's world cup for a place in the final. spain have booked their place already, with a late winner against sweden. and a big blow for manchester city — kevin de bruyne could be out for up to four months. welcome to the programme. the countdown is on to a massive game in the women's world cup — england will take on hosts australia in front of

a sell out 80,000—seater stadium australia in sydney for a place in the final. our sports editor dan roan has more. it was the lionesses�* greatest triumph, becoming champions of europe on home soil. a year on, they remain on course to surpass even that with a first—ever appearance in the world cup final the prize, if they can beat familiarfoes here in sydney. it's going to be a very competitive game. lots of players from australia also play in the women's super league, so they know each other really well and of course, they want to beat us, but we want to beat them. so that's the main competitiveness we will get in front of us tomorrow. england's comeback victory over colombia in the last round has given them belief that this time they can go all the way, and seem to be relishing taking on the co—hosts, australia. in terms of the crowd, i think we're just super excited to play in front of a really intense, full stadium. for the women's game, that's what we want. that's what we expect now at these big tournaments,

especially in a semi—final. so for us, we thrive in those moments.