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Suppliers following its full Scale Invasion of ukraine in 2022. Bilateral trade between the two countries topped 240 Billion last year, up 26 on a year earlier. Has the Balance Of Power now shifted with russias increasing reliance on its eastern neighbour . Joining me now is chris weafer, chief executive officer, macro advisory ltd. Thanks forjoining us, good to see you. Firstly, what were you expecting from these Trade Talks . Anything material or substantial to come out of it . Not to publicly, i think it is more a Case Ofjust again showcasing that this is the main political and economic relationship from moscow. It shows the complete shift away from what was very heavy trade with europe, with the western nations, that has now moved to asia. Kind Ofjust Restating that and restating the fact that and restating the fact that moscow sees this as its main relationship going forward, it used to be the case that the forum held annually in june was the main economic Trade Show Case for russia. It has now become this one here in vladivostok. Because of the shift in trade relations. But publicly no, i would not expect anything new. Behind the scenes though, there will be fairly intense negotiations between the russian side and china. Over the increasing difficulty with financial Cross Border transactions, the Us Treasury has really come down heavy on countries to try to prevent any sanctions busting, using the financial system which is making it difficult for russia to acquire goods to get paid for goods. And russia is now looking for workarounds, cooperation with countries like china and india, and that would be the main point of discussion at this event. At this event. And in terms of china, its at this event. And in terms of china, its growth at this event. And in terms of china, its Growth Story at this event. And in terms of china, its Growth Story has i china, its Growth Story has been very much reliant on western countries, buying its goods. So it has to tread pretty carefully with russia, doesnt it . Pretty carefully with russia, doesnt it . ~ ,. , doesnt it . Absolutely, and we see this all doesnt it . Absolutely, and we see this all the doesnt it . Absolutely, and we see this all the time. Doesnt it . Absolutely, and we see this all the time. The see this all the time. The chinese have never done anything overtly to break western sanctions, of course there are plenty of evidence that they try to find the ways around it and clearly the trade shows that. Any time that china comes up against a clear sanctions risk, they back off immediately. And that this is why for example we have seen difficulty with Cross Border financial transactions, the chinese banks will not take the risk of getting into trouble with the Us Treasury. So, again, it is all done kind of below the radar, workarounds are very much the order of the day. Are very much the order of the da. , are very much the order of the da. , , day. So ultimately, this is very symbolic, day. So ultimately, this is very symbolic, there day. So ultimately, this is very symbolic, there are i day. So ultimately, this is| very symbolic, there are a day. So ultimately, this is very symbolic, there are a lot of political connotations to it. We will see what will come out of it economically. Absolutely. I doubt we will see a whole lot in terms of any major statements, a whole lot in terms of any majorstatements, it a whole lot in terms of any major statements, it is more a case of kind of keeping the process forward and remember, this is a Build Up to probably what will be a more important event, which is the Brix Summit which will be held in kazan in October 22 24. That is where we are more likely to hear some new initiatives involving russia and several asian partners, ratherthan russia and several asian partners, rather than just with china. As you said earlier, china. As you said earlier, china does not want to put its head above the. As the country that is ignoring or breaking us sanctions. Thank ou ve breaking us sanctions. Thank you very much breaking us sanctions. Thank you very much for breaking us sanctions. Thank you very much forjoining breaking us sanctions. Thank you very much forjoining us, | you very much forjoining us, good to see you again. In the us where shares in united States Steel plunged on wednesday, following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial, and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year. And in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe 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 Steels bid say the us shouldnt 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 warn that it would imperil thousands ofjobs if the deal falls through. It may also close plants and even move its headquarters out of pittsburgh. So what impact would a cancelled deal have on Nippon Steel . I asked our Asia Business Reporter mariko oi, whos been following the story. Well, i would say the impact on Nippon Steel will be far less compared to the impact on us steel, which as you have heard, has warned ofJob Losses as well as possible factory closure. The japanese but he has been looking to go overseas because it faces a slowdown in demand at home. This deal would give a large foothold in the us where Infrastructure Spending is rising. Also, Nippon Steel is rising. Also, Nippon Steel is currently the worlds fourth biggest Deal Maker and by buying us steel it is hoping to become the World Number two and compete against the biggest, which is a chinese steel maker. The 15 Billion that it has offered is about double of the previous offer that us steel had from its american rival, and way more than the market when the deal was announced last december. The deal has already received all regulatory approvals from outside the us and a green light from its shareholders as well. But, as we have been saying, the timing is tricky with the us president ial elections looming and from president biden� s point of view, given Mr Trump is also. The deal, he could just take it off the table altogether. It will be interesting to see how shares do when the markets open in the us in a few hours time. Stay tuned for that. Now lets head to bangladesh its been one month since the dramatic ousting of prime minister sheikh hasina. Since then bangladeshs clothing factories that supply big Fast Fashion Brands like h m, Zara And Hugo boss are limping back to normality. But the countrys new Interim Government faces long term economic challenges that will take years to fix. Nikhil inamdar, has this special Ground Report from dhaka. Back up and running after political turmoil roiled the worlds second largest Source Market for ready garments. At sonia knitwear, 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 its 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 doesnt have enough dollar reserves. How will we pay for imports of yarn from India And China if we dont have forex . Customers arent able to visit for Order Placements either because they arent getting travel insurance. We might see a hit in the Spring Summer Season if there is a loss of confidence about the economy. Outside the Garment Factories, these students were part of the dramatic protests that brought down sheikh hasinas government. Theyve all been unemployed for more than two years. Translation the government should encourage the youth to join the private sector. We are hopeful because the new leader is an entrepreneur himself. Translation right now, | we do not get the right skills from our universities to get private jobs. We need to be better trained. Bangladeshs failure to do this comes into sharp focus at this deserted it park. An ambitious project launched in 2015, it was meant to house thousands of skilled techies who would help the country diversify and reduce its overreliance on garments. Ten years on, its almost completely empty. We have been investing in physical infrastructure, will but how much we have invested in human infrastructure, right . Human resource are the Raw Material of this industry. From the new government, we need proper Planning And Investment in developing the right human resource. On the streets of dhaka, theres still simmering anger against the previous regime for all thats been lost. But this young nation of 170 Million people has now pinned its hopes on a new Interim Government. It has a monumental task ahead. Nikhil inamdar, bbc news, dhaka. And you can read more about bangladeshs economic fortunes online on our web pages. Lets have a look at some other stories now making headlines. Trump media, the company belonging to the former president , was hit by a fresh sell off on wednesday, wiping out the gains enjoyed this year alongside the rising political fortunes of Donald Trump. Shares fell more than 6 to less than 17, which is lower than what they were worth at the start of the year. The share price, which Hit A Peak in april during the former president s criminal trial, has fallen more than 70 from its high. Volvo has scrapped its goal to sell only electric vehicles by 2030. It comes amid a slow down in Sales Growth for electric cars globally, and concerns about costs and charging infrastructure. The swedish Auto Maker had been the first among traditional Car Makers that had pledged a complete switch to electric vehicles. Lets take a look at the markets. European markets, a little flat today. Asian European Markets were generally mixed on thursday after the turmoil the previous days. And another set of below par data but extra focus on the outcome and jobs report. Also, Equity Share prices endured on wednesday the most marches stay since early august after week of us Factory Activity which did ok, fairly flat there. We have got a few hours until the us market opens, it will be interesting to see how us steel do there. That is it for business news today, join me later on. Hello from the bbc sport centre. Im matt graveling. We start with some sad news. The ugandan Athletics Federation have called forjustice as they announced the death of Olympic Athlete rebecca cheptegei. Chepegei died in hospitaljust days after she was attcked by a former boyfriend. The assault happened on sunday, just weeks after the Marathon Runner had competed in paris with the 33 year old suffering extensive injuries. Authorities in North West Kenya said cheptegei was targeted after returning home from church and that an investigation into her death is under way. Bbc Athletics Commentator Steve cram spoke to bbc five live this morning. Can you have had all sorts of issues, this is i athlete from uganda training in kenya, so you could argue whose responsibility it is. But i think it is more about the general culture around protecting female athletes in our sport. This

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