Washington announces negotiations to ease trade barriers with the self-ruled island amid tensions with China. The talks will focus on areas such as e-commerce and agriculture. We hear more from Scott Kennedy, senior advisor in Chinese business & economics at CSIS.

The Trump Organization's former CFO Allen Weisselberg has admitted engineering a 15 year tax-fraud scheme at the company. He will be jailed for five months as part of a plea deal that also commits to testify against his former employer at an upcoming criminal trial. We talk to the BBC's Nada Tawfik and American legal analyst Jill Wine-Banks about the fallout of this settlement.

Pakistan has lifted the ban on the import of non-essential and luxury items as the government seeks a loan arrangement from the IMF. But Finance Minister, Miftah Ismail, has warned that they will be heavily taxed. We ask emerging markets macroeconomist Ammar Khan about the reasons behind this move.

Norwegian bitcoin miner and data centre operator firm Kryptovault is moving its operations north, inside the Arctic Circle, to save on its energy bill. The firm's Kjetil Hove Pettersen explains the decision.

The UK's National Farmers Union is warning consumers that weather conditions suffered this summer will translate into wonky vegetables on supermarket shelves. We talk to Tom Holder from the British Retail Consortium.

Washington has announced it will hold trade negotiations with Taiwan in the coming weeks. China has warned the US against the move, stoking further tensions in the region. But some Taiwanese businesses say a new deal could help them. Economist and professor at National Taiwan University, Chung-Ying Lee, joins the programme from Taipei.

As the EU publishes its latest inflation data, breweries in Germany are among those struggling to stay afloat. Walter König of the Bavarian Brewers Federation tells us how high energy costs are causing a particular headache for his industry and consumers.

Emma Wall from Hargreaves Lansdown joins us for the latest markets update. Archana Shukla reports from India, where lax workplace safety rules are costing thousands of lives and livelihoods.

Finally, some sobering news: Japan has issued a word of advice to young people about their drinking habits, but it's not what you might think.

The US Federal Reserve say rates will continue to go up in the short term but there is still a long road ahead. Author and economist Linda Yueh explains why and Susan Schmidt from Exchange Capital Resources in Chicago tells us about the impact on the markets.

Cuba says it will allow foreign investors into its wholesale and retail trade for the first time in 60 years. The policy aims to tackle shortages of basic goods, like food and medicine - but stops short of fully opening trade. We speak to Ricardo Torres, a Research Fellow at the Center for Latin American and Latino Studies at American University in Washington who’s been a consultant to Cuban and foreign companies interested in Cuba.

Elon Musk’s tweets suggesting that he wanted to buy Manchester United caused markets to briefly jump by as much as 17%, before Musk clarified it was a joke. Alex Shaw, general editor at the cable sports channel ESPN in the UK, gives his analysis.

Rising prices are affecting consumers almost everywhere across the globe. But the response from governments and central banks has varied greatly. So is there a common solution? As inflation in the UK tops 10%, nursery owner Sharon Birch tells us how tough it's been to manage. We're also joined by Walid Koudmani from X-Trade Brokers, who explains the policy challenges facing lawmakers from country to country.

Sophie Lund-Yates from Hargreaves Landsdown has the day's market update.

We go to Cuba, where the government has announced a drastic move aimed at reinvigorating the island's economy.

Also, talking football: it's less than 100 days until the World Cup kicks off in Qatar; and is Elon Musk really joking about buying Manchester United? We're joined by The Athletic's Joey D'Urso, and Sarah Needleman from the Wall Street Journal.

Some of China's tech giants have shared details of their algorithms with Beijing for the first time. Tech reporter Kari Paul joins us from Oakland, California.

The first day of campaigning is getting under way in Brazil’s presidential elections, due to take place in October. Bloomberg economist Adriana Dupito explains the economic impact from São Paulo.

Inflation in Canada has hit 7.6%. We hear from economist Gurupdesh Pandher and Rachel Blais who is the director of Qajuqturvik Community Food Centre about the impact it’s having on people’s everyday lives in Canada.

Colossal Biosciences, a Texas-based biotechnology “de-extinction” company has linked up with the University of Melbourne, which earlier this year received a $3.6m philanthropic gift to open a Tasmanian tiger genetic restoration lab. CEO of Colossal, Ben Lamm tells us all about the exciting project.

Kenya's deputy president, William Ruto, has been declared the winner of a tight race against the opposition leader and former Prime Minister Raila Odinga. We talk to Ken Gichinga, chief economist from Mentorial Economics, in Nairobi, about the markets' expectations from the new leader.

Scotland has become the first country in the world to issue a law requiring public settings to provide free period products. Georgie Nicholson from social enterprise Hey Girls discusses the challenges in the fight against period poverty.

The Rhine, one of Europe's most important trade routes, has seen its water levels fall as low as 40 centimetres in certain parts, preventing many commercial vessels from navigating. Claus Vistesen, Chief Economist at Pantheon Macroeconomics, explains why this river is a key route for trade.

And we analyse the latest developments in the markets with Arbor Financial Service's Peter Jankovskis.

People in the US are spending more than earlier in the year as the country's consumer sentiment survey results rise to a three-month high. We hear from the director of the University of Michigan’s survey Joanne Hsu and restaurant owner Duane Greenleaf.

An armed man who held customers and staff hostage in a Beirut bank has been hailed as a hero. Journalist Wael Talib explains from Lebanon.

The French nuclear company EDF is suing its own government for more than eight billion dollars after it was forced to sell energy to consumers at a loss. Carole Nakhle an energy economist in Germany tells us whether this could set a precedent of nationalising energy countries across Europe.

(Picture: HOUSTON, TEXAS - JULY 15: A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Picture Credit: Getty Images).

Samsung heir Lee Jae-yong, who was convicted of bribery and embezzlement in 2017, has been granted a special presidential pardon.South Korea's government justified the move, saying the de-facto leader of the country's biggest company was needed back at the helm to spearhead economic recovery post-pandemic. We speak to journalist Nemo Kim, who also teaches politics at Soon Chun Hyang University. Wildfires and drought are continuing to affect large swathes of Europe. We assess the impact on the shipping and wine industries. The shortlist of seven UK cities to host next year's Eurovision Song Contest has been announced. But what are the economic pros and cons of hosting the event?

The US Justice Department is asking a Florida court to unseal the warrant that let FBI agents search former President Donald Trump's home. If granted, the request would make the documents available to the public. We hear more from the BBC’s Washington correspondent Nomia Iqbal.

Canada is temporarily banning the importation of restricted handguns ahead of more restrictive, permanent measures from Parliament. We talk to economist Ed Lotterman.

The Unification Church, commonly known as the Moonies, have come under the spotlight in Japan after the assassination of former prime minister Shinzo Abe. Professor Levi McLauhglin explains why a religious group is so controversial and how it became so powerful in Japan.

The BBC’s Suranjana Tewari reports about a celebrity’s investments in Asia to help develop talent in the snooker industry. We also discuss the latest from the markets with Greenwood Capital’s Walter Todd.

Meta’s BlenderBot3 doesn’t seem to like its own boss, Mark Zuckerberg. We ask Bloomberg’s Charlie Hancock what lies behind the concept of the recently launched chatbot.

South Africa and the EU have reached agreement over tonnes of citrus fruits that have been stranded in European ports. It follows a change in rules that means exporters now have to apply a cold treatment to things like oranges and lemons to prevent the spread of pests. We speak to Hannes de Waal from Sundays River Citrus in South Africa. Facebook's parent company Meta introduces a new prototype chatbot, Blender Bot 3, which told the BBC that Mark Zuckerberg exploits its users for money. India's hotel sector bounces back in the second quarter, with growth of 300%. We hear from a photographer in Bangalore, who's seen an uptick to his Airbnb bookings.