notable artists across the music industry denounce what they call the �*predatory�* use of artificial intelligence. hello. i'm sally bundock with the top business stories, and we start with more on nato. as you've been hearing it is celebrating its creation 75 years ago today — just four years after the end of the second world war. back then nato had just 12 members — now it has 32 member countries — with the newest — sweden and finland who have recently signed up following russia's invasion of ukraine. and to mark this big

moment for nato, its secretary general, jens stoltenberg, announced plans for a $100 billion military aid programme for ukraine. all allies agree on the need to support ukraine in this critical moment. there is a unity of purpose. today, allies have agreed to move forward with planning for a greater nato role in co—ordinating security assistance and training. the details will take shape in the weeks to come. but make no mistake. ukraine can rely on the support now and for a long haul. joining me now is william alberque, director of strategy, technology and arms control at the international institute for security studies. a very warm welcome to the programme. we have already spoken about the fact that this is such a big moment for nato.

the 75th anniversary and it is getting bigger. more member countries added very recently. it is right and now with the area of control it has including fenland to help create a unified defence area through the high north through the nordic�*s into the baltics it helps to defend baltic. the strongest alliance in history, truly remarkable is achievement.- truly remarkable is achievement. this bold plan, $100 billion _ achievement. this bold plan, $100 billion worth _ achievement. this bold plan, $100 billion worth of- achievement. this bold plan, $100 billion worth of militaryi $100 billion worth of military aid to ukraine. that is a huge statement, very much slapped in the face of russia, as they celebrate this anniversary. of course this is not necessarily going to happen. i assume member countries have to agree to this is that correct?— to this is that correct? member countries have _ to this is that correct? member countries have to _ to this is that correct? member countries have to agree - to this is that correct? member countries have to agree to - to this is that correct? member countries have to agree to fund it and that is part of what will happen in the run—up to the summit, unless they can reach agreement right now to do

that they will still have to find funding. there is money out there, there is interest in this is in part to offset the potential for a gap this is in part to offset the potentialfor a gap in us funding, as we know there is discussions going on in congress right now that the us may come forward but nato needs to create a more reliable centre for funding for ukraine and that is part of what this effort is about.— and that is part of what this effort is about. there is quite a lot of concern _ effort is about. there is quite a lot of concern about, - effort is about. there is quite a lot of concern about, from | a lot of concern about, from the ministry —— military about defence spending is proportion of national budget and this comes up again and again. it is comes up again and again. it is been on the — comes up again and again. it is been on the nato _ comes up again and again. it 3 been on the nato agenda since the 1960s. in been on the nato agenda since the 19605. in 1963i think been on the nato agenda since the 1960s. in 19631 think nato started the 1960s. in 1963i think nato started to keep track of defence expenditure and especially after the cuban especially after the cu ban missile especially after the cuban missile crisis there was concern that the europeans were not paying enough and they had to increase defence offending by a certain percentage each year and then into thousand and six allies first started to talk about 2% and in 2014 it was a public pledge that they would meet that guideline so

this has been going on for decades. but the 2% pledge has its origins back into thousand and six. —— back in 2006. its origins back into thousand and six. —— back in 2006145543 and six. -- back in 2006. we have to _ and six. -- back in 2006. we have to talk _ and six. —— back in 2006. we have to talk about the possible re— election of donald trump and what that means for nato. he has openly spoken about the us leaving nato. what do you think that would mean? it would be devastating _ think that would mean? it would be devastating and _ think that would mean? it would be devastating and even - think that would mean? it would be devastating and even the - be devastating and even the congressional republicans when comes first started talking about this while being president, they got enormous pushback from the republican party and even though he has consolidated control of the republican party in the united states he could still find withdrawal from states he could still find withdrawalfrom nato states he could still find withdrawal from nato to states he could still find withdrawalfrom nato to be states he could still find withdrawal from nato to be a difficult task. i still think congress would block him. so i think what the european members are trying to do under the leadership of iiinnn�*s stoltenberg is to create offsets, insurance policies so that if the united states withdraws all, not necessarily

withdraws all, not necessarily withdraws but with... the more the european step up the less likely it is for tom to withdraw and i think congress would really block any move to actually formally withdraw from nato. ., ~ actually formally withdraw from nato. . ~ ,, actually formally withdraw from nato. . ~ ., actually formally withdraw from nato. . ., actually formally withdraw from nato. . ~' i” ., y., . ~' nato. thank you for your take on this big — nato. thank you for your take on this big anniversary - nato. thank you for your take on this big anniversary from l on this big anniversary from the international institute for security studies. let's now focus on the us economy, as the chair of the federal reserve has said itsjob of bringing down inflation is not yet done and the central bank needs greater confidence that price pressures are easing before cutting interest rates. as ever, every word from jerome powell is being scrutinised for signals as to when the fed will start to reduce the cost of borrowing. currently us interest rates are at a 23—year high of 5.25% to 5.5% live now to fiona cincotta from city index. good morning, fiona. jerome powell was speaking at an event

yesterday, all over the financial press this morning. the markets are digesting what he said. , ., , he said. yes. that is right. it has been very much a - he said. yes. that is right. it has been very much a focus. he said. yes. that is right. it l has been very much a focus for markets for a long time and for households when the central bank will start to cut interest rates. and we just saw recently, stronger data from the united states. we have also seen a slight up tick in inflation so there were concerns heading in to the meeting that perhaps the fed would not be able to cut the three times it had indicated that it would cut rates at the last monetary policy meeting. and that is what the market was looking for. some sort of reassurance that the fed was still going to cut rates and that perhaps it could still consider cutting three times this year. the federal reserve, jerome powell, he did say that the fed was still looking to cut interest rates this year

and that the recent data had not materially changed their outlook for the united states economy. looking at the market reaction to what happened we see that the stock market which had been at record highs and then came off record highs on those concerns that the fed would be unable to raise interest —— sorry, cut interest rates three times moved higher again and gold which tends to perform well in low interest rate environment rose to another record high. it rate environment rose to another record high.- rate environment rose to another record high. it is all auoin another record high. it is all going on — another record high. it is all going on isn't _ another record high. it is all going on isn't it. _ another record high. it is all going on isn't it. what - another record high. it is all going on isn't it. what is - going on isn't it. what is interesting now as well we had a us inflation figures out yesterday which was showing a drop in inflation there have more than expected. so now there is a conversation about divergences in inflation prospect's between europe and the united states and, for example, the european central bank may make a move in terms of cutting rates before the fed which would be interesting. completely. inflation in the

eurozone dropped 2.4%, below the 2.5% expected and that shows that inflation that is cooling towards the ecb's target much more quickly. if you look at the health of the eurozone economy it is much weaker than the united states economy and that shows a tremendous amount of resilience. that's slightly weaker economy combined with inflation could potentially send targets more quickly and suggests that the ecb could move before the federal reserve. june is the date that we have been looking out for and ecb rate cut.— we have been looking out for and ecb rate cut. lovely to see ou, and ecb rate cut. lovely to see you. fiona- _ and ecb rate cut. lovely to see you, fiona. have— and ecb rate cut. lovely to see you, fiona. have a _ and ecb rate cut. lovely to see you, fiona. have a great- and ecb rate cut. lovely to see you, fiona. have a great day. i billie eilish, pearljam and nicki minaj are among more than 200 artists who've signed an open letter to tech companies and ai developers calling for an end to predatory use of artificial intelligence in the industry. michelle fleury in new york has more.

to billy, aia is the bad guy and for katy perry it is time to rise. a growing number of musicians say companies are training ai musicians say companies are training al to replace artists. in an open letter they acknowledge the creative potential of ai but called on tech companies and developers to stop using it to infringe upon and devalue the right of human artists. 0ne upon and devalue the right of human artists. one year ago suppose a collaboration between drake and the weekend went viral but it was an ai song made by somebody called ghost writer. last month tennessee became the first state to pass a law to protect artists from using ai a law to protect artists from using al to copy and artist's voice without permission. country music star luke was at the signing of the bill.

securing protections from al was a priority for striking actors last year. now it is musicians who are raising their voices. ~ , . ., , musicians who are raising their voices. ~ , . voices. musicians most affected b ai a voices. musicians most affected by m a working _ voices. musicians most affected by ai a working class _ voices. musicians most affected by ai a working class musicians| by ala working class musicians even _ by ala working class musicians even technical roles like mixing _ even technical roles like mixing and production that can be replaced by computers. i think— be replaced by computers. i think it _ be replaced by computers. i think it is _ be replaced by computers. i think it is good that superstars have lent their voices— superstars have lent their voices because it will affect people _ voices because it will affect people who do not have economic powen _ people who do not have economic ower. .,, ., , , power. those who signed up to the letter _ power. those who signed up to the letter span _ power. those who signed up to the letter span genres - power. those who signed up to the letter span genres and - the letter span genres and eras. for katy perry to nicki minaj and stevie wonder as well as this estate of bob marley and frank sinatra. let's bring you some other stories. the world's second largest chip—maker, sk hynix, has announced it will invest nearly $4 billion in a facility in the us state of indiana. the new plant will include an advanced production line to manufacture the next—generation of chips, which will be used to train artificial intelligence models. the us has been seeking to boost its chip self—sufficiency.

french drug giant sanofi has reached an agreement in principle to settle 4,000 us lawsuits linking the discontinued heartburn drug zantac to cancer. sanofi did not disclose the financial terms of the deal and did not admit any liability. it said it is settling to avoid the expense and ongoing distraction of the litigation. disney has won a boardroom battle against critics who had accused the media giant of botching its streaming strategy and losing its creative spark. activist investors, including nelson peltz of trian management, had sought seats on the company's board of directors, which they said was too close to disney's leadership. but a majority of shareholders voted to maintain the company's current board. still to come: countering addictive slot machines — we take a look at revamped bowling clubs in australia that help to kick the gambling habit.

around the world and across the uk. this is bbc news.

we are looking at the key business stories today and focusing now on the us and e you. the us and eu are meeting today in leuven, belgium, for the sixth trade and technology council meeting. this year the two—day summit will focus sustainable trade practices — stronger links around transatlantic supply chains and co—ordinating more closely on artificial intelligence standards. it is a packed agenda with big ambitions but what will really be achieved? let's talk it through with guido cozzi — professor at the university of st gallen's school of economics and political science lovely to see you. so this

trade tech council is very important for both europe and the united states. what do you think will be achieved?- think will be achieved? there are many _ think will be achieved? there are many open _ think will be achieved? there are many open issues - think will be achieved? there are many open issues and - think will be achieved? there are many open issues and it | think will be achieved? there | are many open issues and it is also important to remark that this is a recent initiative. the first meeting took place on september 29 2022 so there are many open aspects and also this meeting is important because it will be the last meeting before important elections in the united states and in europe so this will set the basis for the future, regardless of who is holding office and trade and tech and resilience and innovation, artificial intelligence are all very important and also there is no time to lose because the competition from china is emerging. the gdp of china will soon be close to the combined

eu and us gdp put together. so they need to establish some common cooperation plans for the future in all the open areas that are potentially controversial.— areas that are potentially controversial. where are the tensions than _ controversial. where are the tensions than between - controversial. where are the tensions than between the l controversial. where are the i tensions than between the two trading blocs as it were? we are well aware of us tensions with china when it comes to technology but what about with europe? technology but what about with euro e? ~ ., , ., europe? with europe there are no tensions— europe? with europe there are no tensions but _ europe? with europe there are no tensions but there - europe? with europe there are no tensions but there is - no tensions but there is conflicting approaches. for example the inflation reduction act has subsidies on green tech companies and this violates the european competition approach and it could be seen as promoting discrimination. so this has to be fixed. different approaches as well regarding the digital market where in the

us you have big firms that are tolerated more than in europe. pricing and content moderation issues under the geo market areas also have discussion. the solution will be negotiation and notjust a dealbreaker. but and not 'ust a dealbreaker. but also, and notjust a dealbreaker. but also. just _ and notjust a dealbreaker. but also, just quickly, the inflation reduction act, europe read a to that already and has already relaxed a lot of its own state subsidy rules when it comes to green technology. so it is arguable a movable feast going on here, isn't it when it comes to green tech in the future of renewables. absolutely. there are common ground anyway so it is possible to reach negotiation but it is important to practise this negotiation and decided basis for future cooperation. indie negotiation and decided basis for future cooperation. we have to leave it _ for future cooperation. we have to leave it there _ for future cooperation. we have to leave it there but _ for future cooperation. we have to leave it there but thank - for future cooperation. we have to leave it there but thank you i to leave it there but thank you for your expertise and we will see you again soon. to india next where the outlook

for the economy has been revised by the world bank. it has given indian economic growth an upgrade and now predicts a growth rate of 7.5% for this year. but the world bank warns growth will then start to come down — below the estimates of india's central bank. arunoday mukharji breaks down the good and bad. 0n on paper it remains one of the fastest growing economies in the world, well on track to overtake japan and germany and become the third—largest in the next few years. this report card that is being sold by the moody government as elections near, they are just it two weeks away. south asia is expected to be the fastest growing region for the next two years and india forms the largest chunk of that. it also cautioned the countries need to boost private investment and strengthen employment opportunities. both currently

big concerns in india. international labour says that unemployment in the country among educated youth has doubled from around 35% to 65% between the year 2000 and 2022 and as a proportion of the gdp, private investment has fallen to 19% in 2022-21 private investment has fallen to 19% in 2022—21 from a peak of 27% in 2008. and notjust that. according to the world in a quality database, inequality in india has widened to a 100 year high. returning to the numbers there are bright spots but in order to maintain that, experts say that more robust economic policy needs to be adopted and sustained. out with poker machines, in with live music and pizza. revenue at the petersham bowling club in sydney has increased by 900% since it ditched the controversial gaming machines. petersham's success is inspiring other lawn bowling clubs and pubs to follow suit. from sydney,

phil mercer reports. rocking into profit. this room at the petersham bowling club in sydney was once full of poker, orslot in sydney was once full of poker, or slot machines. they were taken out in 2007. now it is punk bands and pizza that is paying out. it is punk bands and pizza that is paying out-— is punk bands and pizza that is paying out. it is a dynamic and excitin: paying out. it is a dynamic and exciting and — paying out. it is a dynamic and exciting and evolving - paying out. it is a dynamic and exciting and evolving club. - exciting and evolving club. that is what being perky free gives you. you have to be on your wits and constantly coming up your wits and constantly coming up with new things and it is really exciting to be a part of that. there is a lot of strategy involved in turning a club around and weaning off poker machines and engaging with the local community. that chorus is getting louder. the bowlinu chorus is getting louder. the bowling club _ chorus is getting louder. the bowling club had relied on gambling for a two 70% of its earnings. no other venues want to follow its lead. it earnings. no other venues want to follow its lead.— to follow its lead. it has been a really tough _ to follow its lead. it has been a really tough journey - to follow its lead. it has been a really tough journey for - to follow its lead. it has been a really tough journey for a i a really tough journey for a lot of pubs that have chosen to do this. but the ones that i

have been to our absolutely thriving. they are fun to be in and have a great community atmosphere. families are there. you go there for a drink, for a meal, and not to gamble. we know that there are more pubs and clubs considering doing this but we're certainly a way off having the majority of pubs and clubs in the state doing that. , . . , and clubs in the state doing that. �* , ., ., , ., and clubs in the state doing that. , ., ., , ., ., that. australians love to gamble _ that. australians love to gamble from _ that. australians love to gamble from the - that. australians love to gamble from the stock. that. australians love to - gamble from the stock market to and beyond. the gaming industries association says that gambling in general is a legitimate recreational activity enjoyed by millions of australians safely. the industry body adds that laws and standards aim to reduce the harm from poker machines. but for some, the damage can be long lasting. i for some, the damage can be long lasting-— long lasting. i was absolutely mentally hijacked _ long lasting. i was absolutely mentally hijacked for - long lasting. i was absolutely mentally hijacked for the - long lasting. i was absolutely| mentally hijacked for the next 15 years of my life. kate was a teenager when she became hooked on the pokies. i had absolutely

no idea that they were a harmful product and put some money in and unfortunately like so many other australians, i quickly became addicted. we are dealing with the public health crisis in this country. for dealing with the public health crisis in this country.- crisis in this country. for the petersham _ crisis in this country. for the petersham bowling - crisis in this country. for the petersham bowling club - crisis in this country. for the petersham bowling club and | petersham bowling club and others there can be financial stability after the gambling machines have gone. the suburban club is now dancing to a very different tune. phil mercer, bbc news, sydney. the future of the electric vehicle industry is the focus of the nordic ev summit. yesterday we were talking about the sharp drop in sales seen at the sharp drop in sales seen at the world's two biggest makers of evs. the summit, taking place in oslo, brings together global leaders in the automotive and green technology sectors.

this year more than 90% of the new cars being sold in norway are electric vehicles. that's talk to one of the organisers of this event. the assistant secretary general of the norwegian ev association. good morning. this is a huge event that you are hosting. talk us through what you are hoping to achieve. , , ., ., achieve. this is gathering over 1000 from _ achieve. this is gathering over 1000 from many _ 1000 from many countries discovering —— to discuss the future of ev. in norway we have over 90% market share so it is a perfect place. to over 9096 market share so it is a perfect place-— a perfect place. to have representatives - a perfect place. to have representatives from i a perfect place. to have i representatives from china a perfect place. to have - representatives from china and, say, from tesla who dominant in this market? we say, from tesla who dominant in this market?— this market? we have from from all over the _ this market? we have from from all over the world _ this market? we have from from all over the world and _ this market? we have from from all over the world and we - this market? we have from from all over the world and we will. all over the world and we will discuss the global competition between producers from asia,

europe and north america. and also how to produce sustainable batteries and renewable energy to meet demand in the future from electric mobility. of course we will also then take a deep dive into the charging markets because how can we build enough charging infrastructure for all the new electric vehicles, notjust cars or trucks and all vehicles that we will see in the future? it looks like demand has stalled for the time being. as we have seen, a sharp fall in sales and uid and tesla. why do you think that is? for sales and uid and tesla. why do you think that is?— you think that is? for norway we see it _ you think that is? for norway we see it has _ you think that is? for norway we see it has been _ you think that is? for norway we see it has been a - you think that is? for norway we see it has been a steady l we see it has been a steady drop over all these years because we have a very stable policy. we have embedded the tax policies and we have a car tax policies and we have a car tax system in norway that makes it a stable market and of

course if you vary between different models that come in and petitions and so on, but for norway if the policy is long—term then we will also have a stable market and of course we also see it is growing in all european countries and of course it will go a bit up—and—down but in the long—term it is growing quite fast. long-term it is growing quite fast, ., , ., long-term it is growing quite fast. ., , long-term it is growing quite fast. . , ., fast. so what you say is that what is key _ fast. so what you say is that what is key is _ fast. so what you say is that what is key is a _ fast. so what you say is that what is key is a long-term l what is key is a long—term policy on the part of governments to encourage people to make that switch?— to make that switch? from the wa we to make that switch? from the way we have — to make that switch? from the way we have seen _ to make that switch? from the way we have seen that - to make that switch? from the way we have seen that that - to make that switch? from the way we have seen that that is i way we have seen that that is what works. we have the car tax system and because big cars with many c02 system and because big cars with many co2 emissions have high taxes and electric cars with no emissions have zero tax. that makes them competitive and this is also something that does not change every year with the budget from

countries where they have subsidies that can vary from year to year. that is not very stable policy. year to year. that is not very stable policy-— year to year. that is not very stable policy. sadly we are out of time, stable policy. sadly we are out of time. i _ stable policy. sadly we are out of time, i want _ stable policy. sadly we are out of time, i want to _ stable policy. sadly we are out of time, i want to talk - stable policy. sadly we are out of time, i want to talk to - stable policy. sadly we are out of time, i want to talk to you i of time, i want to talk to you about the fact that norway is an oil—rich nation and you have made your wealth from fossil fuels but, sadly we are out of time. we shall keep and i on that summit and how it goes. it has been a very busy programme. thank you for your company, as ever and if you are watching on bbc one you can nowjoin first at the top of the hour. —— request. —— breakfast. hello. areas of low pressure are forming an orderly queue in the atlantic, heading our way over the next few days, bringing further bouts of rain. there will be some drier, sunnier interludes, and then, by the weekend, two

things will happen — it will turn warmer, but it will also turn windier. the area of low pressure heading our way for the weekend isjust starting to take shape behind me. not much to see just yet, but that low is set to deepen. in the shorter term, you can see a couple of different low pressure systems working through. thursday morning, starting with some pretty heavy rain, actually, across parts of england and wales. that will tend to pull away eastwards as the day wears on, then we'll see some sunny spells, scattered showers, then later on, more rain will push through the south—west of england and into wales. for northern ireland and scotland, you can expect largely cloudy skies, some bits and pieces of rain and drizzle, but also a bit of snow mixing in over high ground in scotland. temperatures in the north of scotland only up to around five or six degrees; 16 in the south—east of england, and then through thursday night, we'll see outbreaks of heavy rain driving northwards once again, still the chance of some snow, even to relatively low levels across the northern half of scotland, where it will be a cold start to friday. further south, a very different story — starting the day at 11 or 12 degrees in much of england and wales, and then through friday, that rain and hill snow

continues to journey northwards across scotland. behind it, we get into a mix of sunny spells and heavy, blustery showers, turning quite windy through friday, particularly out towards the west, but temperatures will be climbing. still cold in the north of scotland, but for northern ireland, england and wales, 15 to 18 degrees, and then, into the start of the weekend, this deep area of low pressure, with lots of isobars squeezing together, is set to pass to the west of the uk. now, that is going to bring some very strong winds. we will see rain clearing the north of scotland, clearing to a mix of sunny spells and showers, probably not too many showers. there will be a decent amount of dry weather around, but the winds very brisk indeed, particularly for some of these western coasts, 60mph gusts or more. with those winds coming from the south, though, feeling pretty warm. it could be the warmest day of the year so far, particularly in eastern england. highs of 20, maybe 21 degrees. not quite as warm on sunday, but temperatures still well up into the teens. some showers, some sunshine, too.

good morning, welcome to breakfast with naga munchetty and charlie stayt. 0ur headlines today... the founder of the charity whose workers were killed in gaza has accused the israeli military of systematically targeting their convoy.

what i know is that we were targeted deliberately, nonstop, until everybody was dead in this convoy. rescuers in taiwan are trying to free dozens of people trapped after a massive earthquake rocked the country. a major trial gets under way to find out if blood tests can be used to spot the early signs of dementia. potatoes packed up and ready to make their way out to the shops, but they have gone up in price because of the rainy weather and a poor harvest. i have come to this factory in yorkshire to find out what it means for shoppers. in sport... a phil foden masterclass helps manchester city keep pace in the premier league title race. but it's arsenal who are back on the top of the table, after a comfortable win over luton. there is more rain in the forecast in the next few days but it will also turn much warmer than it has