us stocks see their worst sell off since early august — as concerns about the health of the american economy grow. and cathay pacific finds faulty engine parts in nearly a third of its a350 fleet, could safety concerns hurt travel demand 7 hello and welcome to business today. i'm steve lai. wall street kicked off september with a big sell off, which left major indices sharply lower. the technology sector was the hardest hit led by chip maker, nvidia fresh data showed us manufacturing activity is still contracting, raising concerns about the health of the wider economy. the bbc�*s north america business correspondent ritika gupta has the details. the s&p 500 saw its biggest slide since an early

august meltdown, ending the session down 2%. this comes after a rally that put the benchmark within a striking distance of its all time highs. technology stocks, the gauges most influential group, took the brunt of the decline. the nasdaq index closed down by 3%, while the dowjones index slipped by 1.5%. one of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. the chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. the market also took a leg lower after manufacturing production data shrank for a fifth month in august. the institute for supply management manufacturing gauge edged up to 47.2. a reading below 50 indicates contraction. the data reignited concerns around slowing growth within the us economy, which helped drive

a sell—off early last month. the action comes ahead of us government's augustjobs report, which traders will be watching closely, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. in other news — china has announced a probe of canadian canola imports — escalating a trade fight between the two countries. the move could lead to tariffs on a key canadian export. it comes a week after canada said it would impose new border taxes on chinese—made electric vehicles, steel and aluminium. cathay pacific says it has found faulty rolls royce engine parts in 15 of its 48 a350 aircraft. the carrier has now completed an inspection, following an engine component failure. cathay expects its fleet to be back online by saturday once replacements are completed. stefano baronci from the airports council international says safety is always a concern but that in general air travel this year

is shaping up to exceed 2023. the safety and security for the passengers are top priorities, so the measures we have taken lately by cathay pacific and other airlines is the ones that have been deemed necessary to take. in terms of results from those sites, and organizations been clear in identifying these as a possible risk, but has also been clear to see that no specific measures to be taken to limit the freedom of movement of people. airports will continue to be vigilant, and they would announce this summer security measures for passengers. summer security measures for passengers-— passengers. january is a big market for _ passengers. january is a big market for asia _ passengers. january is a big market for asia when - passengers. january is a big market for asia when it - passengers. january is a big i market for asia when it comes to travel, they have problems at the moment, despite that the travel industry is doing well as you said, so when will it

recover? it as you said, so when will it recover?— as you said, so when will it recover? . ., , recover? it will recover, it is one recover? it will recover, it is gone behind _ recover? it will recover, it is gone behind -- _ recover? it will recover, it is gone behind -- beyond - recover? it will recover, it isi gone behind -- beyond 2019 gone behind —— beyond 2019 others, and as well as traffic is concerned, there's a 20% gap it's a lesser recover but we are optimistic this will come soon. staying with the travel industry, business looks like it's picking up for china's trip dotcom. the online travel agent reported a profit of more than half a billion dollars for the second quarter alone. but as ceo jane sun tells us, there are still roadblocks for chinese travellers. when we look at the supply side it shows two different scenarios. 0n the demand side, we tried —— track and on our site it is already far exceeded the 2019 ebola, but on the supply side, we still have two major potholes —— bottlenecks. first is the visa restrictions still taking too long for people to get their visa approved, particularly to europe and the united states. and then also a direct flight

from china to the rest of the world is still on the way to be recovered, howeverfora world is still on the way to be recovered, however for a trip .com, we have recovered fully to 100% of 2019, and for some holidays, we already exceeded 2019 by 20%. it holidays, we already exceeded 2019 by 2096-— 2019 by 2096. it seems like --eole 2019 by 20%. it seems like peeple are _ 2019 by 20%. it seems like people are traveling - people are traveling increasingly more and more, and we touch on this was the final, i want to touch on tourism with it becoming an issue with coaches like spain and japan which we have reported this week. ~ . , ., ., , week. what we should do is extend our _ week. what we should do is extend our network - week. what we should do is extend our network to - week. what we should do is| extend our network to other products, so we are working hard with different travel bureaus and destinations to make sure that when we fly people to the traffic clubs, we will bring people to the long haul destinations. for example, and italy, rome and florence are overcrowded, but if you

take people to other areas, it is less crowded and beautiful and full of history, so we need to do more to promote these other travel destinations to the world. india's prime minister narendra modi is wrapping up a visit to brunei today, and will head to singapore next. the bbc�*s archana shukla reports on why pm modi's visit to southeast asia is significant. trade and technology partnerships will be key conversations in prime minister modi's visit. modi will be meeting the new political leadership in singapore, pushing further on the free trade agreement the two nations have. singapore is india's largest trading partner in the asean region and in fact, the largest source of foreign direct investment, accounting for 24% of all fdi coming into india in the last few years. partnerships in digitisation and semiconductors are expected to be signed, and modi will meet and woo lead investors and industrialists in singapore. now the current bilateral visit is seen as strategic for india's act east policy. india is looking to play

a bigger role through trade ties in the region where china has a major influence. modi's visit to brunei in this trip, where he is seeking gas and space cooperation, is also seen significant in that light. remember, brunei's positioned in the centre of the indo—pacific circle, literally at the heart of southeast asia on key maritime trade routes, and it can become a critical partner for connectivity projects in the region. india's engagement with southeast asia has been stepped up in modi's third term, too. hejust hosted vietnam and malaysian prime ministers, and the country's outreach to its maritime neighbours has also been on the rise. 0moda and jaecoo are among the fastest growing automotive brands in the world for chinese auto—maker, chery. europe and the uk are key markets for the company. but could the eu's recent decision to impose tariffs on china ev imports, derail its plans? chery�*s uk chief told theo leggett that plants in europe could be the answer. to be honest, i think at this moment it's just started, as you know,

so we are still evaluating at this moment. but i think for chery, as you know, we already have more preparation. so maybe you heard that we have a big project in barcelona, in spain to do the local production. so this is maybe one of our strategies to help us, but forfor chery, for 0moda jaecoo, i think for the long term it is still to bring the best products and to be localised. as you say, you're already planning some localised production with that factory in barcelona. let's talk about other factories around europe as well, possibly one in the uk. can you elaborate on that? barcelona, this is something we are already committed to do. forfor uk, as you know, we are also evaluating. to be honest, we are

open for other options. we are open for all the opportunities. so i think it's just a matter of time. if everything is ready we will do it so it's just a matter of time now. yes. you say you're evaluating a lot of options. does that mean the most attractive offer from whatever government will secure production in that country? no, it's more like a combined factors, as you know, for such a big project or investment. you know, it's not just a government policy or incentives. it's also you need to look at the market volume itself and also the education, because we need good talents, you know, technical people and engineers and the factory, you know, workers. so, and also others like supply chain, logistics. so it's a matter of combining factors that to help us to make the final decision. when you look at the european market, its a very crowded market. there are the established manufacturers and a lot of brands coming in from china, yourselves included. what makes you think that you can succeed and gain a stake in this market?

yeah, for us, i think, as you know, chery, 0moda, jaecoo, we are the biggest car exporter among all the chinese brands. so we have doing, you know, the international market for over 20 years. so we have gained a lot of experience. i think one of our biggest advantage is that we want to make full use of our people, i mean, our own team. and also, we want to be localised, and we treat our partners as the real partner. for example, here in uk, you know, we use traditional dealerships. so we have developed over 60 dealers. where do you see 0moda jaecoo in ten years' time. i hope that globally of course we want to be a very successful. but for uk, especially here, we want to be a next korean brand like hyundai or kia. this is my personal wish, but also my hope. and i'm confident that we will have a certain market share in uk. and that's it for this edition of business today.

thanks for watching.

hey, i'm lola with the catchup. tonight, russia attacks ukraine, six months since jack 0'sullivan disappeared, and in other news, brat summer is officially over. at least 16 people have died and several are injured after a migrant boat capsized in the english channel. a large operation is under way for two missing people. 50 have been rescued and need medical treatment. some other stories now, at least 51 people have been killed in a russian missile attack on the ukrainian city of poltava. hundreds are injured with concerns people are trapped under the rubble. the missiles hit a military

centre and a hospital. five children have been arrested on suspicion of murder following the death of an 80—year—old in leicestershire. bbc�*s sam harrison is at the scene. 80—year—old bhim koli has died after being fatally attacked here at franklin park in braunstone town, leicestershire. police say that five arrests have been made. five teenagers are being held in custody. they're appealing for anyone with any information about the event to come forward. and the mother of missing uni student jack 0'sullivan says she's received ransom messages. the 23—year—old vanished six months ago on a night out in bristol. jack's parents have lodged a formal complaint against avon and somerset police, who say they remain committed to finding jack. time now for 10 seconds, and it is the end of an era. charli xcx says goodbye forever to brat summer, but that's not stopping charli. she's about to start her north american tour with troye sivan. you're all caught up. have a great night.

hello, and welcome to sportsday from the bbc sport centre — i'm chetan pathak, coming up on the programme: finally — taylor fritz is a grand slam semi finalist — stunning the fourth seed to reach the last four of the us open bazball goes multi—ball. coach brendon mccullum will lead england's cricketers in all forms of the game from next year and heartbreak for vout van aert at the vuelta a espana — as the green jersey holder is forced to abandon the race...