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Former Italian Premier and former ECB chief Mario Draghi has authored a European Commission report calling for €800 billion euros of additional annual investment. The report says the EU needs a new industrial strategy for Europe to avoid a decline in living standards.

The iPhone 16 has just launched, but Apple's sales of this famous handset have not been stellar of late. Cheaper and some say equally smart rivals are making their claims on consumer attention these days. So how has Apple, one of the world's biggest firms, responded?

Also in the programme, presenter Ed Butler looks at China and concerns it could it be entering a dangerous deflationary spiral. China's industrial producer prices had fallen by nearly 2 per cent in the last 12 months. Ed is joined by Economist at the University of Maryland Peter Morici, and Sushma Ramachandran independent journalist and columnist with the Tribune newspaper in Delhi.