the taiwanese chip—making giant first announced plans to expand into america back in 2020. however its production timelines have been delayed, partly because of uncertainty about when it would receive funds under the us chips act. paul triolo from the albright stonebridge group consultancy says the us is making huge strides to bring chip production onshore. it is a huge step forward. i think one official characterised it as the biggest foreign direct investment in greenfield's facility in advanced semiconductors in us history. so it's a big step on the way to the us trying to onshore some percentage of global capacity in advanced semiconductors. right now, the percentage is zero, so the goals that the commerce department has set up for these investments is to reach about 20% of global capacity for advanced semiconductors by 2030. and this is a big step

in that direction. it's notjust investments coming from the outside, in this regard, the us is investing in itself. $6.6 billion as part of the chips act. this is a significant amount of money, isn't it? you have to put this in some context, though. other countries, like taiwan, likejapan, like south korea, they been investing in their semiconductor industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires — in most cases requires some government investment to defray the cost of these facilities which has reached something like $40 billion for the most advanced semiconductor manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being

decimated by chinese imports. during a press conference, yellen said us presidentjoe biden would not allow a repeat of the china shock of the early 20005, when a flood of chinese imports destroyed around 2 million american manufacturing jobs. when the global market is flooded by artificially cheap chinese products, the viability of american and otherforeign firms is put into question. and we've seen this story before. over a decade ago, massive prc government support led to below—cost chinese steel that flooded the global market and decimated industries across the world and in the united states. i've made clear that president biden and i will not accept that reality again. let's turn now to the ongoing territorial dispute in the south china sea. that issue is on the agenda for leaders from the philippines, japan and the us this week.

they're meeting in washington on thursday to discuss security and defence issues. deborah elms from the hinrich foundation says the sharper attention to regional security may change how asian countries manage trade relations with china. the economic ties in this region are very strong. both with the united states and with china. and so trying to sort out or disentangle security from economics has been a challenge. the us and china are trying to engage more on sort of other level as we have seen janet yellen as well being in china this week. do you think there is an opportunity for things to move in a more sort of optimistic sort of pathway? it's a very strong economic poull, it's a very strong economic pull, especially at a time when general supply chains are reshuffling. it's very strong to have chinese investment and chinese supply chains running through asia. and those links in fact have strengthened over the last few years, and particularly if we have

a second donald trump administration in the white house, the level of economic disruption is going to be severe, and i think for many governments in this region, they will have to make some hard decisions, particularly about economics, and economic security and where they want to place investments and where they want to welcome investments. it's complicated. millions of people stopped everything on monday across north america to see the solar eclipse. we created a broom for tourism. erin delmore has more. as the sun, moon and earth alone, eclipse watches showed up alone, eclipse watches showed up and businesses cashed in. this year's total solar eclipse could deliver a $6 billion boost to the us economy. that is more than taylor swift's tour and more than four times what the last super bowl brought in. it stretched from mexico to the eastern edge of

canada, sweeping 1a mexico to the eastern edge of canada, sweeping m us states. some estimated 4 million people in the us travel to view it, send a demand for hotels, resorts and campgrounds through the roof. airbnb reported a 1000% a surge in demand and prime eclipse watching centres and more than a0 million people already live in the path of totality. it offers teachers, ornament for sales. they staged watch parties and major airlines offered eclipse viewing floods. and safety glasses. it shows how travel has rebounded post— pandemic and how people are willing to spend big on a new experiences. we will not see an eclipse like this in the us again for two decades. administrators say high street fashion chain ted baker

will cut around 250 jobs and close 15 stores in the uk. the holding company behind the brand's uk stores, no ordinary designer label, fell into administration last month. at that time it had close to a thousand employees in the uk running its stores and an e—commerce platform. let's go to south korea now, where for the past few months, commuters in the capital seoul have been riding the world's first driverless night bus. while self—driving taxis are slowly becoming more common in certain parts of the world, autonomous public transport in city centres is virtually unheard of. but, is it all it's made out to be? nick marsh took a late—night ride on the streets of seoul. midnight in seoul. and there's $1 million worth of technology cruising the streets. welcome aboard the autonomous bus. this is one of the world's first driverless buses to get a public route through a major city. have we started? yeah, it's exactly the same.

it's like a normal bus ride. the driver is not driving. the driver's not touching the steering wheel. no, not at all. there are some caveats. it's a night bus. you have to wear a seat belt. and technically, there is a driver sitting behind the wheeljust in case anything goes wrong. the funny thing is, i thought that seeing that would panic me, but it doesn't. there's been a couple of moments when he's had to take control of the wheel. but by and large, this is as smooth as any regular bus that you'll take. it's only a start, but the buses creators say that it's the perfect solution to solve transport issues. translation: there are fewer people who want to drive buses, especially at night. so we hope these cars will fill the void. one day we won't need anyone at all to operate this bus. do you see, one day, every bus being autonomous like this?

translation: of course it will change _ and it has to change. these late night travellers seem to enjoy themselves. since there's also a bus driver sitting at the front, i feel a little bit more safe. translation: it's a late night bus so it can ease the burden i on the bus drivers. south korea is one of only a handful of countries to allow autonomous vehicles on its roads. and it's already spent hundreds of millions of dollars to advance the technology. but as i found out... be carefull. ..it�*s still a long way from being perfect. the view that autonomous cars are our future is sheer science fiction and nonsense. on the street we have dogs, children, weather, and technology hasn't yet sorted all of that out. that may never, ever be solved.

south korea is showing that driverless public transport does work, but only in limited circumstances and at considerable cost. if this is an infrastructure that will make cities more efficient, then there's still a long road ahead. nic marsh, bbc news, seoul. if you are planning a move to spain, this might affect you. the country is scrapping its so—called golden visa programme that granted residency right to foreigners who made large investments in real estate. prime minister pedro sanchez hopes the move will make housing more affordable. the scheme which was started back in 2013, was popular with chinese nationals. we provided non—eu citizens who made a property investment of at least 500,000 euros with a special permit that allows them to live

and work in spain for three years. plenty more to come in the next hour ahead on the show. goodbye for now.

hey. i am stephen with the catch up. tonight, cody fisher's murder, and epic eclipse and a very bumpy landing. were starting with the 23—year—old footballer who was stabbed to death on a night out. cody fisher was killed at a club in birmingham on boxing day 2022. the court heard he was targeted for brushing past remi gordon two days earlier, who you can see him acting out the stabbing in a pizza shop afterwards. today, he has been sentenced to life in prison with a minimum of 26 years. kami carpenter who the judge said was most likely responsible for stabbing cody will also serve life,

with a minimum of 25 years. cody's mum said he was brave, fierce and the most genuine soul and has this message for anyone thinking of carrying a knife. weak, pathetic cowards. that's what i say. and they have ruined so many lives. next, something that doesn't happen very often, a total solar eclipse. that is when the moon perfectly blocks the sun and the sky goes pitch dark for a few minutes. this is in mexico where people got the first glimpse. millions across america will get to see and crowds have been gathering to get a front row seat. it's unlikely we will see it in the uk so the bbc news website is probably your best bet. we are going to leave

you with ten seconds of a very hairy landing. this was a plane coming into edinburgh airport during storm kathleen over the weekend. i am not usually a fan of clapping when the plane lands but i think that pilate really deserved it. you are all caught up. have a great night. hello and welcome to sportsday. two more points deducted — everton say they will appeal against their latest sanction. manchester city prepare for another mission in madrid as they resume the defence of their champions league title. and we meet the rugby player looking to pave the way for muslim women in all sports.

hello there. everton are going to appeal against their latest sanction for a second breach of the premier league's profitability and sustainability rules — they've been deducted 2 points after going 16 million pounds over the spending limit over a three year period up to the end of last season. from goodison park, here's our correspondent, katie gornall. well, the premier league had wanted well, the premier league had wanted this to be a five—point deduction, but an independent commission settled on two points, taking into account mitigating factors. still, everton say they will appeal. in the meantime, they've slipped to 16th in the table, two places above the relegation zone with seven games to play. they were found to have breached the rules by more than £16 million for the accounting period up tojune 2023. it follows a six—point deduction they were handed earlier in the season, reduced from ten on appeal for a separate breach in the previous accounting period. and everton fans won't want to hear this, but there