the us presidential nominee makes an important announcement at her latest election rally about the future of us steel. and how aston martin hopes to beat the competition with the return of an iconic name. hello and welcome to business today. i'm steve lai. it is a holiday in the united states for labour day but vice president kamala harris and president joe biden are working — they've been speaking at a campaign rally in the battleground state of pennyslvania. the vice president has opposed a $14.9 billion takeover of us steel corp by japan's nippon steel in her remarks. vice president harris said that us steel should remain in domestic hands, and commited to always have the backs of american steel workers.

that position mirrors that ofjoe biden, who said back in march that us steel corp should remain a domestically—owned american firm. us steel it should remain american owned and american operated. in other news — volkswagen is considering closing factories in germany to cut costs. it's an unprecedented move and sets up a showdown with powerful unions. the auto—maker — which employs around 680,000 staff — is struggling with its passenger car brand. profits are getting squeezed amid the transition to electric vehicles and a consumer spending slowdown. a four—day conference to attract foreign investment to russia is about to begin in the country's eastern most major city — vladivostok. the eastern economic forum is into its ninth year. last year, more than $40 billion in new agreements were signed, with 7,000 delegates in attendance. the largest contingents came from china, india and southeast asia. professor 0ng kian ming from taylor's university spoke to us about the importance

of the forum. russia is still an important economic player, in terms of major resources, and many countries attending these particular eastern economic forum would want to look for such opportunities. my only concern with regard to malacia participation in this forum is whether or not we are sticking our necks out, and we may find ourselves in the spotlight in regards to our allies in the european union and america, but i guess would have more time to talk it later. i guess would have more time to talk it later-— talk it later. would have to wait and — talk it later. would have to wait and see _ talk it later. would have to wait and see how - talk it later. would have to wait and see how this - talk it later. would have to| wait and see how this plays talk it later. would have to - wait and see how this plays out with the forum in play at the moment. there are a few alliances in the region, malaysia and thailand have suggested interest injoining something the brits are part of, do you see steps towards them doing that? it of, do you see steps towards them doing that?— of, do you see steps towards them doing that? it would be interested — them doing that? it would be interested to _ them doing that? it would be interested to see _ them doing that? it would be interested to see with - them doing that? it would be interested to see with the - them doing that? it would be l interested to see with the new thailand prime minister we want

to affirm, confirm orfollow through her previous scissors citizens are joined brits, through her previous scissors citizens arejoined brits, we will see, and we may end up seeing malaysia i'm the countries in southeast asia —— asia sticking his neck out, and one thing i plan tojoin brits, not this year but maybe next year, and one thing point of note is that the malaysian prime minister may be the only significant leader from southeast asia attending these form in russia, partly because of our interest to want to join bricks, findings of having to go to russia.— bricks, findings of having to go to russia. and coming back to the forum _ go to russia. and coming back to the forum itself, _ go to russia. and coming back to the forum itself, which - to the forum itself, which sectors is russia looking for investment?— sectors is russia looking for investment? ma'or resources, agriculture, investment? major resources, agriculture, technology, - agriculture, technology, manufacturing, but i think there'll be brave companies that we want to announce

publicly their involvement in russia because of the possible actions that me may find themselves in with regards to american as well as eu actions against them. brazil's supreme court has voted to uphold a ban on the social media platform, x. the ban started on saturday after x failed to appoint a new legal representative. the platform had shut its brazil office after refusing to block accounts that a judge said were spreading disinformation. coming out of the pandemic, we started hearing this term — revenge travel. well that revenge, is taking a toll on some countries in europe as well as asia. forjapan, the weaker currency, the yen brought in three million tourists each month since march, bringing in around $50 billion for the economy. but — locals are not happy. earlier this year, a blockade was set up so tourists would stop crowding a part of the town where mt fuji can be seen. masaru takayama has spent years

promoting sustainable tourism and spoke about what needs to be done. japanese government has targeted about 100 municipalities to be pursuing them as destinations in terms of tourism, however, these destinations are yet to be marked in that target in in two years' time. what we need to be doing is first tories must be supporting the lives and welfare of the local people, whereas notjust pursuing for business benefits. so, we are thinking to level off the destination standard, already recognized by the rowboat tourism council, and for tour operators and hotels, we have a scheme which is represented by several organizations, and

these organizations are trying to raise the awareness of the industry, notjust because of sustainability, but also saving the cost of waste management and energy conservation and others. but the problem is how we can absorb the voices of the residents into the policy level is an issue. residents into the policy level is an issue-— india's manufacturing activity growth slipped to a three—month low in august, according to a private—sector survey by hsbc released monday. as a key indicator of the country's economic activity, the slower manufacturing sector growth is casting a shadow over india's otherwise strong economic outlook. the bbc�*s archana shukla reports demand in the form of new orders and the output from india's factories, both have seen their slowest growth since the beginning of this year. export orders still coming in but clocked their weakest rise to a few companies. rise too.

a few companies attribute this to fierce competition and shifts in consumer preferences. the silver lining is inflation in raw materials has eased, and although just marginally, manufacturing output is at least growing. but this slow growth does put india's economic outlook under the scanner. data released last week showed growth in asia's third largest economy slowed more than a percent to 6.7% last quarter. now, a major reason was a massive cut in government spending in infrastructure during the months long general elections. add to that global slowdown, inflation and weaker consumer sentiments in rural india, where two thirds population resides. now, this has prompted economists and brokerages from goldman sachs to nomura to cut india's growth forecast for the year. that's also putting pressure on the central bank to begin cutting interest rates. higher rates, adjusted for inflation, are hurting businesses. so far, robust gdp growth gave room to the central bank to keep rates on hold and focus solely on bringing high food inflation under check. but economists say it could risk an even steeper economic impact, particularly on the industrial sector, where private investments

are still not fully rolling in. aston martin, the luxury british car—maker, has been struggling in recent years, despite the fame that might come from being featured injames bond movies. it's just unveiled a new flagship model called vanquish and executive chairman lawrence stroll spoke to our reporter, david waddell, about what the latest launch means for the business. the vanquish is our flagship, the last of a trio of our front engine sports cars. the dna, the core, the heart of this business. we came in a little over a year ago with our db12, our super gt tour. a few months ago in the fall, we launched our vantage, our sports car, and now we're launching our vanquish v12 flagship. we've always built handmade v12 engines. this is a brand new engine just built for this car. takes it up to over 800 horsepower. and we're very proud of all the new performance and all the new technology. earlier this year, you directed

the business in your words to invest very heavily in plug in hybrid evs, but it's still a mark for petrolheads, isn't it? who are your customers in 2030? our customers in 2030 are the same as who our customers are today. they're car aficionados. they're automotive lovers. we have a very long history of customer lists. you know, in our 110 years now, 111 this year of being in business in a very, very great following of very loyal enthusiasts. we have also seen, we brought a new customer into our fold with our dbx suv, which over 3,000 of those a year. and since we've returned to formula one, it's been revolutionary. it's been able to show us and our technology to bring our formula one technology into our road cars. it's brought us a much younger customer to the brand, a new customer to the brand. so the formula one marketing platform for this has been nothing short of sensational. well, let's talk a little more about formula one.

i will consider you about competition from china? they are not our— competition from china? they are not our customer, - competition from china? they are not our customer, we - competition from china? they are not our customer, we are | competition from china? tie: are not our customer, we are a small luxury high—performance brand trying to sell this up a few thousand cars, so there is no conflict. you've provided aston martin cars to almost every bond, roger moore exccepted. will you be driving for a place in bond 26? i can answer that absolutely, yes. car's already being developed. shares in rolls royce have fallen sharply after news of the failure of one of its engines on a cathay pacific airbus a350. the hong kong airline has cancelled 2a flights in order to inspect its fleet. cathay did not provide details on the engine failure and that's it for this edition of business today. thanks for watching. and be back shortly with

newsday, bye for now. hey, i'm lola with the catchup. tonight, the uk suspends some arms exports to israel, a new system for scotland's youth offenders, and pharrell�*s life in lego.

the uk is suspending 30 export licences for military equipment to israel. it comes as protests continue in israel calling for the government to secure a hostage release deal with hamas after the bodies of six hostages were recovered from gaza. here's a family member of hostage keith siegel. we are demanding our government to sign a hostage deal and save the hostages while they still can be saved. foreign secretary david lammy addressed the house of commons on that arms embargo. for certain uk arms exports to israel, there does exist a clear risk that they might be used to commit or facilitate a serious violation of international humanitarian law. 97 captives remain unaccounted for in gaza, where the hamas run health ministry says more than 40,000 people have died since october the 7th.

scotland has passed a new law that bans children being sent to prison. all under—18s have been removed from young offenders institutions and transferred to more child—friendly settings. the change follows suicides of young people while detained, and will free up around 70 places in the prison system. time now for 10 seconds of happiness. # might seem crazy what i'm bout to say ...# a new lego film about pharrell williams life is getting rave reviews. the film, titled piece by piece, will depict the musician's rise to fame. you're all caught up. have a great night.

hello, and welcome to sportsday — i'm lizzie greenwood—hughes. here's what's coming up... draper dazzles in new york — reaching the quarter finals of a grand slam for the first time in his career.