i'm ben thompson with the top business stories, starting in china where the us treasury secretary is having what she calls "tough conversations" with counterparts in beijing. in recent days janet yellen has been meeting senior officials including the premier li qiang. both china and the united states have a number of key concerns, much of it rooted in trade tensions which have been gathering pace for years. dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring our differences or avoiding tough conversations.

it has meant understanding that we can only make progress if we directly and openly communicate with one another. china's xinhua news agency has accused the united states of fabricating a china threat narrative and criticised washington for erecting trade barriers. but the premier, mr li, seemed optimistic about dr yellen�*s visit. translation: i've read online reports about your visit - and from the moment you touched down in guangzhou, chinese citizens have been enthusiastic and continuously commenting. in fact, this reflects the expectations for the outcome of your visit. china remains angry at us sanctions on its access to advanced semiconductors. it says they are designed to suppress its technological development. it's also concerned at us moves to force bytedance to divest the popular tiktok app. for its part, the us is concerned about tensions over taiwan and in the south china sea. china claims taiwan as an inherent

part of its own territory, and ownership of some disputed islands in the south china sea. we're witnessing something of a rapprochement, but everything could change later this year if president trump is returned to the white house. mark williams, chief asia economist, capital economics. iamjust i am just looking at some of the quotes from that press conference. janet yellen says they will not allow a repeat of the china shock of early to thousands when she says around 2 million american manufacturing jobs were destroyed. we keep talking about protecting jobs, but adding the rightjob is to protect in america? first jobs, but adding the right “ob is to protect in america?h protect in america? first of all it is uuite protect in america? first of all it is quite striking _ protect in america? first of all it is quite striking to _ protect in america? first of all it is quite striking to hear - protect in america? first of all it is quite striking to hear this - protect in america? first of all it| is quite striking to hear this from janet yellen. she has a reputation of being an established member of the biden administration when it

comes to restrictions on trade and investment. the fact that she of all people is seeing this show is quite how much the thinking in washington has changed in the past few years. it is clear that is a lot of concern about the competitive threat coming from china in these sectors, e:g., solar, and so on. what is not so clear from what we have heard recently is exactly what the us is going to do about this. janet yellen was asked about this and talked about wanting to see shifts in china was not policy. as to exactly what the us policy is on these issues, we do not really know. that the us policy is on these issues, we do not really know.— do not really know. that is the issue. there _ do not really know. that is the issue. there reason _ do not really know. that is the issue. there reason i - do not really know. that is the issue. there reason i ask- do not really know. that is the issue. there reason i ask that l do not really know. that is the - issue. there reason i ask that those jobsis issue. there reason i ask that those jobs is because it is an election year and president trump is taking onjoe biden for the presidency. therefore protecting manufacturing jobs and some of the industrial heart latin america is a vote winner. therefore the question is, as is about economics, or

geopolitics? clearly there is a political dimension here. it is huge. but it is also the case that the thinking on the economics has shifted in the last 20 years. china joined the wto at the beginning of the century. and was generally welcomed. there was a sense that it was good for everybody, everybody one from china joining, good forjobs in china, but every body got cheaper goods as well. but now there is more scepticism about that. now that is more direct competition with developed countries, it is not just china squeezing out low and camp manufacturers, it is china competing directly with the world's auto producers. but there is generally something there, particularly in these industries are people feel will be the big industries of the future, electric vehicles, batteries, green technology. there is a pushback from western governments saying, we

cannot conceive this going to china, we have to be something about it. do you think china is looking at what's happening in the us and seeing better to deal with the devil you know, and potentially dealing with president trump?— know, and potentially dealing with president trump? i am not so sure about that — president trump? i am not so sure about that- if _ president trump? i am not so sure about that. if you _ president trump? i am not so sure about that. if you look _ president trump? i am not so sure about that. if you look over - president trump? i am not so sure about that. if you look over the - about that. if you look over the past few years that biden decision has done pretty well, has taken some of the heat out of it. but we have put stringent restrictions on china for access to technology, they have successfully built a coalition, you have ajapanese, the dutch, other government is going along with some of these restrictions as well. the temperature is lower, but in terms of actually putting pressure on china, in some ways the last four years has been harderfor china than it was during the trumpet illustration, when, although there was tireless bhutan, china's export sector did very well in the four years of president trump. we will wait to see. good insight. thank you.

airline regulators in the us have begun an investigation after an engine cowling on a boeing 737—800 fell off during take—off and struck a wing flap. the southwest airlines flight was forced to return to denver international airport, aborting its trip to houston. the aircraft had 135 passengers and six crew on board. no—one was injured. this latest incident comes as boeing grapples with the aftermath of another injanuary when a door panel blew out mid—air during an alaska airlines flight. our business correspondent theo leggett has been following the story. how significant is this latest incident? it looks dramatic on social media, we have seen those pictures of engine bodywork flying off an aircraft on take—off. but this is a very different incident to what we saw with the alaska airlines flight in january. that was a saw with the alaska airlines flight injanuary. that was a brand—new plane, fresh out of the factory map a door fell

plane, fresh out of the factory map a doorfell off, initialfindings it had not been voted on properly. that incident suggested there were potentially deep—seated problems with boeing's quality control in factories. the plane went into service when, a crucial part of it had not been attached properly. what we are seeing here is a nine—year—old aircraft suffering what, in the big picture, is a relatively low risk failure. but it does look dramatic. 0n relatively low risk failure. but it does look dramatic. on this occasion the evidence points not so much to a manufacturing problem, because the aircraft is a much older man, but potentially, for example, a maintenance problem. had somebody looking at that engine and field to reattach the carolling after some servicing? that is what regulars are looking for. from the perspective of boeing, this is much less of a concern than what we saw injanuary. and you are right to point out, very different incident, but all the while, boeing trying to steady the

ship and reassure passengers that boeing products are safe. this is a headache for them in terms of pr? it is a headache in terms of pr because anybody will now look at this and go, this was a boeing plane, we have been seeing these other incidents with boeing planes, it is all part of the same thing. that if you look at it, it is not really. there are hundreds of thousands of planes flying around every day. incidents like the one we saw on this occasion do happen. it is an order of magnitude different than an unused door falling is an order of magnitude different than an unused doorfalling off is an order of magnitude different than an unused door falling off a plane after take—off. this was a piece of engine bodywork, it did to part of the plane, as far as you know it did not damage it severely. there are occasions when something like this can have severe consequences, on this occasion that did not happen. it is a pr headache for boeing, but once regulars have done theirjob, and find out exactly what went wrong here, we don't yet know, it is not likely to be traced

back to the factories of boeing. the idea that the two big planes on the market, boeing and airbus, they rely on each other being strong for that market to remain competitive? absolutely. there are two major players in the world, boeing and airbus, they have full order books, airbus, they have full order books, airbus cannot fill the hole in the markets if boeing stopped building planes, there needs to be healthy balance between the two sides, if there is not there is potential interloper in the markets, a chinese company, it has its own rivalfor the e—320 and the 737, it cannot produce many at the moment but if there was a gap created in the market by one of the two existing big players starting to decline, then that would be bad news because it would allow another player into the market. may be bad news for them, possibly goodies for airlines, because it would create more competition. yes, absolutely. i know you will tree —— i know you will keep an eye

on this for us. food inflation has fallen sharply amongst advanced economies, hitting its lowest level since before russia's full—scale invasion of ukraine two years ago. food prices, especially amongst staple products such as milk, bread, eggs and oil, have been a key driver of consumer price inflation but that's now easing off, to 5.3% among the 0ecd�*s 38 member countries. that's down from a peak of i6% in november 2022. janet mui is head of market analysis at rbc brewin dolphin. she gave me her reaction to this falling inflation. from a consumer's perspective, this is great news, because if you remember, just about a year ago, food inflation is almost 20% in the uk and now we are down to about 5% inflation. 0bviously, prices are still going up. it'sjust they're going up in a slow pace. but that, i think, is a good progress where we came from since the war in ukraine. food prices is always influenced by supply factors, which could be quite unpredictable.

so we had quite significant falls in the wheat prices in particular because there has been a bumper harvest in russia and also good export from ukraine, which are one of the largest producers. so that's good news. but these cannot always be guaranteed, it's always influenced by weather. and for example, some of the commodities like vegetable oils, recently prices have been picking up there, and also cocoa prices — i mean, we know that prices have surged, it has doubled this year alone and tripled in the past 12 months. and, you know, although this is not a staple product, it just tells you how volatile these prices can be. in other news... the world's biggest chipmaker, taiwan semiconductor manufacturing company, tsmc, has agreed to build a third factory in arizona, raising its total investment in the united states from $40 billion to $65 billion. tsmc will receive $6.6 billion in subsidies from the us government under the chips and science act,

and the company could receive another $5 billion in loans. those are the top business stories this hour. we will see you soon. goodbye.

the latest sport news. we're starting with football and liverpool's managerjurgen klopp has warned manchester united that they'll get beaten by arsenal next month if they play like they did against his side. the match at old trafford ended 2—all after liverpool snatched a late equaliser, which keeps them in the title race, behind leaders arsenal on goal difference. if they are still around that will be great.

arsenal is a good football team, however. if they feel like today, arsenal wouldn't that game, i am 100% sure. i am sorry to say that, but this is a matter of fact. lam very i am very disappointed that you drop seven_ i am very disappointed that you drop seven points in one week, when you are in_ seven points in one week, when you are in winning positions. we have to clean _ are in winning positions. we have to clean ourselves. we make stupid mistakes — clean ourselves. we make stupid mistakes. we have to learn from it. but on _ mistakes. we have to learn from it. but on the — mistakes. we have to learn from it. but on the other side, i am very proud _ but on the other side, i am very proud we — but on the other side, i am very proud. we see how we are improving. and the _ proud. we see how we are improving. and the potential from the squad and this team _ and the potential from the squad and this team is _ and the potential from the squad and this team is amazing. fenerbache's turkish super cup final against galatasary had to be abandoned after their players walked off the pitch in protest against the country's football federation. fernerbache had asked for the game to be postponed because they have a europa conference league game in greece on thursday. that was rejected and after deliberately fielding a youth team

to preserve their top players, one minute and 41 seconds in,