US Steel is in the middle of a bidding war. Esmark, a privately held company, made an offer to buy the company for 7.8 Billion dollars. The offer comes after 7.3 billion dollar bid from Cleveland-Cliffs was rejected.

Earlier, US Steel said it was considering strategic options and had already received multiple unsolicited bids that ranged from the possible acquisition of the whole company to specific assets.

China's property developer giant, Country Garden, has seen its share price plunge to a record low today after it suspended trading on some key bonds. The company has become a symbol of China's struggling property sector.

Workers at several natural gas plants in Australia will decide this week whether to go on strike in a row over pay and conditions.

The owner of Facebook, WhatsApp and Instagram is set to be fined nearly $100,000 a day over alleged privacy breaches in Norway.

At least 55 people are known to have died and thousands have been displaced from devastating wildfires that began on the island of Maui on Tuesday.

The extreme damage to homes and businesses would likely drive losses into the hundreds of millions of dollars.

Hawaii is one of the world's most popular tourist destinations. 15,000 visitors took flights out of Maui on Thursday. So what's next for the tourism industry?

Country Garden is one of China's biggest property firms, but there's trouble lurking in the undergrowth.

It's warned investors it could see a US$7 billion loss for the first half of the year.

As Hawaii tries to deal with a catastrophic wildfire that has taken 36 lives, we hear how the tourism industry there is trying to evacuate and protest staff and visitors.

Prices in the US rose to 3.2% compared to July last year, following 13 months of falls after peaking at 9.1 percent last June.

The increase is due partly to higher housing and food costs.

Although inflation has drifted down from last summer's 40 year high, but it's still well above what the Federal Reserve thinks of as normal prices.

President Joe Biden has banned major US investors from putting money into some Chinese firms making advanced semi-conductors, or developing quantum computing or artificial intelligence technology. We find out what this restriction means for the Chinese economy?

Entertainment giant Disney has reported losses that shows declines of its television and movie businesses. We get the latest on future of the company.

And Mexican-American musician Sixto Rodriguez who is best known for his song Sugar Man has passed away. Mr Rodriguez failed to achieve commercial success in the US but years later his music developed a cult following overseas. We reflect back on his career.

It's often said that if America sneezes, the world catches a cold. That now must be true of China - the worlds second largest economy.

China's economy is struggling with falling prices - or deflation.

The main inflation measure has turned negative for the first time since the pandemic.

Brazil's President Lula is hosting a summit in Belém, northern Brazil alongside seven other nations that share the Amazon. This is in a bid to save it and bring it out of economic turmoil.

The Taiwanese chipmaker, TSMC, is to open a new semiconductor factory in Germany, strongly boosting Europe's microchip industry. The firm, which already controls more than half the world's semiconductor output, will put over three billion dollars into the facility in Dresden. We take a look at how important this is for the two economies.

And the Federal Reserve reports that U.S. credit card debt has hit $1 trillion for the first time toward the end of July. We find out what it means for US consumers and the country.

US trucking company Yellow has filed for bankruptcy and will be closing down. The company had received a $700mn Covid-19 relief loan from the Trump administration during the summer of 2020. So will the loan be repaid? And what does it mean for the 30,000 workers expected to lose their jobs?

Also Roger Hearing finds out why Matt Healy from the British band The 1975 has been threatened with legal action by the Good Vibes Festival in Malaysia.

We find out how much is expected to be at stake. And apparently Americans are eating their burgers and fries at home, in their cars and at the office. In fact anywhere but at the fast-food restaurants themselves. McDonald’s, Burger King want big investments in eating areas, prompting pushback from franchisees.