Nippon steel's $14 billion bid to acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. Us presidentjoe biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees kamala harris and donald trump have also both committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of nippon steel's bid say the us shouldn't reject a bid from a company based in an allied country such as japan, especially one that could create an entity with the scale to compete with china. If the deal is successfully blocked, the fate of us steel is unclear. The company warned that it would imperil thousands ofjobs if the deal falls through. It may also close plants and even move its headquarters out of pittsburgh. Meanwhile, vice president kamala harris is proposing raising the capital gains tax rate for those earning $1 million or more to 28% — instead of president biden�*s 39. 6% proposal. The vice president told supporters in new hampshire she would also push for a $50,000 tax deduction for new small businesses — which would be a major tax breakfor them. We're on inflation watch this morning, with the latest figures due from thailand and the philippines. Prices in the region seem to be tapering off, taking away some cost of living pressures. With the us federal reserve widely expected to lower borrowing cost this month, there's a question mark over what central banks in asia will do. Hsbc chief economist — fred neuman. Told me some economies turned a corner. Yes, ever so gradually, we see the cost of living pressures ease in large part because energy prices are starting to come off, but also food price pressures to stop particularly in southeast asia, south asia, food is the largest expenditure for many fossils, poor households in particular, and when we see food prices come down, this really eases the pressure on the average consumer and opens a door for rate cuts for central banks in asia. We are expecting to see the fed cut rates in september, do you think asian central banks will follow suit? it's opening the gate by the fed, by making the first move, it allows a central asian banks to follow suit and we expect most of the banks in southeast asia and india for example to cut interest rates following the federal reserve move because generally the feeling is that the fed sets the pace and when the fed starts to turn, then we are for turning in asia. After the us, china holds sway in this part of the world, what are their inflation numbers sitting and what do they mean? china has a problem of too low inflation, perhaps deflation, price pressures there are extraordinary low and that is not good either because if you have too low inflation it means corporate revenues are stagnating and it means it is harder to push the salary increases, so if anything, china needs to still try to move up inflation, and they would cut interest rates as well in order to try to stoke economic growth and thereby stabilize inflation at a slightly higher level than currently. Which countries in asia are on track to recover and bounce back from inflation and the cost crisis? the philippines standout, we had high inflation here, but because of the decline in food price in particular there is relief coming through and across southeast asia, you look at malaysia for example, if you look at vietnam, inflation should come down, and of course india is whether has had higher inflation than other economies but signs of infection coming down there led by easing food prices. Volvo scrapped its goal to sell electric because by 2030. It comes after a slowdown for electric cars globally and concerns about cost and charging infrastructure. The automaker had been the first among traditional carmakers that pledged a complete switch to electric vehicles. Volkswagen's management have locked horns with workers at the company's general meeting. It comes after the automaker said it may have to close some german plants to cut costs. The company's finance chief said it has one, maybe two years to turn its main passenger vehicle brand around in the face of low demand and increased competition. Indian prime minister narendra modi is in singapore for a two—day visit. The city—state is the latest destination in the indian leader's whirlwind tour, which included stops in italy, russia, ukraine, poland, and brunei. Singapore is the largest source of foreign direct investment asia economist priyanka kishore to find out more about modi's priorities. It's seen as a testimony of broadening and deepening ties between two countries. We are probably going to look at the greater emphasis cooperation in manufacturing and sectors like health care and logistics, advanced manufacturing particularly, semiconductors, and alongside that, there will be talks of cooperation in sustainability and security in the prime minister meetings. What is the health of india at the moment when you talk about the economy, a few economic indicators note, gdb data, manufacturing, and what is your outlook? it used to be one of the fastest growing economies globally, and that probably makes prime minister modi comfortable undertaking these foreign visits so soon after the election. If all goes well this year, yes, we might have a growth slipping slightly below 7% but that is mostly due to the global factors and some statistical boost fading out. We saw the latest gdp that consumption is reviving it so unless a monsoon deals a negative blow to crops or inflation, the markets are due to be good in the coming fiscal year. One month after the dramatic ouster of prime minister sheikh hasina, bangladesh's clothing factories that supply to big fast fashion brands like h&m, zara and hugo boss are limping back to normality. But its new interim government faces long term economic challenges that will take years to fix. Nikhil inamdar, has this special report from dhaka. Back up and running after political turmoil roiled the world's second largest source market for ready garments. At this company, workers are in a race against time to finish up these christmas sweaters. The big concern at garment factories like these is not so much the short term monetary losses, but it's really the reputational damage that bangladesh may suffer on the international stage. And the worry now is that long—term political instability could mean cancelled orders and supply chains relocating to other parts of the world. This man, whose family founded this export unit 20 years ago, is worried. Translation: bangladesh doesn't have enough dollar reserves. How will we pay for imports of yarn from india and china if we don't have forex? customers aren't able to visit for order placements either because they aren't getting travel insurance. We might see a hit in the spring summer season if there is a loss of confidence about the economy. 0utside outside the factories, the students were part of a dramatic protest that brought down the government. They have all been unemployed for more than two years. Translation:. , translation: the government should encourage _ translation: the government should encourage the _ translation: the government should encourage the you translation: the government should encourage the you to should encourage the you to join the private sector. We are hopeful because the new leader is an entre benoit himself. Translation:— is an entre benoit himself. 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We been investing _ it is really clearly empty. Been investing in physical infrastructure but how much we have invested in human infrastructure. Humans are the raw material of the industry. From the new government we need proper planning and investment in developing the right human resource. fin in developing the right human resource. , , resource. On the streets, there are still simmering _ resource. On the streets, there are still simmering anger are still simmering anger against the previous regime for all that has been lost. But this young nation of once 17 million people has now pinned its hopes on a new interim government. It has a monumental task ahead. Nikhil inamdar, bbc news, dhaka. 0asis have hit out at ticketmaster's so—called dynamic pricing, which saw fans pay significantly more than they were expecting for tickets to their shows. Ina in a statement oasis ticketing and pricing decisions were left to management at the band announced two more shows that when we sat him adding ticket will be allocated by an invitation only ballot process. More from me in about an hours time, goodbye for now. Hey, i'm lola with the catchup. Tonight, the final report into the grenfell tower fire. Two more dates for oasis. And a mediaeval knight takes on the great north run. It was the worst disaster of its kind in recent british history. On wednesday, more than seven years on, the public inquiry into the fire that destroyed grenfell tower published its final report. It found that all 72 deaths were avoidable and the fire was a result of dishonest cladding and insulation companies, successive governments, and a lack of strategy by the fire service. Speaking earlier, the prime minister apologised to the families. The country failed to discharge its most fundamental duty to protect you and your loved ones — the people that we are here to serve, and i am deeply sorry. A group representing survivors and the bereaved spoke just after the report was published. Human life was never a priority, and we lost friends, neighbours and loved ones in the most horrific way through greed, corruption, incompetence and negligence. Next up, dame sarah storey has won her 18th paralympic gold 32 years after her first games back in 1992, and 0asis have added two more nights at wembley with tickets on an invite only ballot. It's after huge demand for their reunion tour. Time now for 10 seconds of sir runs a lot. He's a self—proclaimed knight of newcastle castle who is taking on the great north run on sunday while wearing a 25kg suit of armour. Good luck sir runs a lot. You're all caught up. Have a great night. Hello there. I'm 0lly foster. Here's what's coming up for you on sports day. New york state of mind. Jack draper says he felt no nerves at all as he reaches his first us open semifinal england are looking to reach the top tier of the nations league, and of six their players have been nominated fo the balon d'0r. And ahead of the nfl season, we hearfrom louis rees—zammitt, dropped by the chiefs but now looking to get a game with the jaguars. Welcome along. Jack draper, the british number one, is celebrating the biggest win of his career.