delta airlines says it will take a $550 million hit after last month's crowdstrike global outage. singapore's new prime minister lawrence wong plans to stabilise the cost of living, as the city—state marks its 59th birthday. hello and welcome to business today. i'm suranjana tewari. let's begin in the us, where delta airlines says disruptions caused by the recent global software it $550 million.

on the federal reserve or the chairman. turning to singapore, where the city's new prime minister lawrence wong delievered his first national day message on thursday. among several issues addressed, mr wong pledged to bring down the high cost of living in the country. he also said more support would be provided to lower and middle—income families, incuding vouchers and utility rebates. vishrut rana explained to me the economic issues new prime minister would be prioritising.

thanks for having me on of programme. there's a number of factors that are

programme. there's a number of fact mindset, e programme. there's a number of fact mindset, overall the this mindset, overall the government and the economy still remains very business friendly and singapore as a city state remains very attractive for talent. of course maintaining that is a balancing act between the externalities imposed on the local economy here versus the benefits they bring that our

unique talent that is available to continue to operate as a global hub out of singapore. one of the key balancing acts, for sure. nobel laureate muhammad yunus has been sworn in as the chief adviser of bangladesh's interim government amid significant political upheaval. this follows the resignation of prime minister sheikh hasina, who fled the country on monday in the wake of widespread protests. the bbc�*s archana shukla outlines the key priorities for the interim government as it picks up the pieces. restoring law and order the biggest party. for a company without any police force on ground for four days, building public trust and easing tensions is imperative for the interim government. and with the piece getting day operations will be crucial to stop any freefall of an already failing economy that has lost billions in curfews, data bands and political unrest.

e—commerce and, banks garments move on. working with the central bank to address high inflation should be on the charts and assuring foreign lenders

is largely disappearing and digital payments are the only options left. the head of financial inclusion at the world bank spoke to the bbc�*s mark lobel about the issue for this week's talking business. the industry i think needs to focus a lot more on consumer protection issues. in some cases there has been really aggressive super market share which has resulted in may be being less attention to the

customer contacts, very aggressive sales practices or attentiveness and also aggressive collection tactics, so i think also perhaps the companies are over optimised so everything is... such tools. and that can be a problem when there is a real issue, or where there's a complex issue. which might be ok during normal times but in the case of particular events that might not stand up, and one more area where i think tech companies should also focus i think more needs to be done to deliver tailored products and oriented toward the needs of women. there are some we are saying but tech companies can do more. it’s companies can do more. it's been fascinating _ companies can do more. it's been fascinating hearing about this global move to digital finance and the momentum behind it. do finance and the momentum behind it. , ., ~ finance and the momentum behind

ie it. in terms no, i don't think so. in terms of what we should aspire for, the situations where we use cash is as low as possible and of course who it needs to,

hey, i'm lola with the catch up. tonight — taylor's concerts cancelled. jeho summer backlash and pandas return to the usa first. more people have been jailed for their role in violent unrest last week.

it comes as thousands of anti—racism protesters took to the streets last night after fears of more violence. next, a 19—year—old has been arrested in austria after confessing to planning a suicide attack on a taylor swift concert in vienna. police say he had pledged allegiance to the islamic state group and intended to carry out an attack using explosives and knives. artwork in south london, but it appears to have been stolen. on a satellite dish, and influencer flossy clegg is facing backlash for a trend called jaeho summer. you might know it from the film slumdog millionaire. her comment section was full of criticism like this that the trend is ignorant.