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. Its 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 countrys 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 Taylors University spoke to us about the importance of The Forum. Russia
President of the united states of america . Venezuela accuses the us of piracy as they confiscate president Maduros Plane claiming it was bought illegally. We start this hour in the middle east, where the israeli prime Minister Benjamin Netanyahu has asked for forgiveness from israelis for not being able to bring back alive the six hostages who were found dead in gaza on saturday. We were very close he said we were nearly there. But in a televised address, Mr Netanyahu remained defiant in his demand that israeli troops must continue to control the Philadelphi Corridor in the south of Gaza Something hamas has rejected. The Philadelphi Corridor along the Egypt Gaza Border has emerged as a primary Sticking Point in Gaza Ceasefire talks. Mr netanyahu said its a Life Line for hamas, their oxygen and it will determine israels future. Earlier hundreds of thousands of israelis have joined protests and a general strike demanding that Mr Netanyahu immediately agree a Ceasefire Deal to ensure the