economy, the imf upgrades its growth forecast but warns against tax cuts. this is business today. let's get more on the singapore airlines incident in which severe turbulence killed one passenger and has injured dozens more. the flight between london and singapore was forced to make an emergency landing in bangkok and flight data indicated the aircraft dropped 2000 metres as pilot burrow tried to the plane. boeing are ready to help support their investigation. —— as pilots tried to stabilise the brain. remind us exactly what we know, michelle. this was a flight that left london and was heading to singapore, and at some point along the way when it was flying over thailand it hit this period of turbulence which has had a pretty devastating consequences where one passenger has been

confirmed as having died from the incident and 30 injured, 18 of whom have been taken to hospital to be treated for their injuries. it is a pretty scary moment when you hear about these things and we have all experienced turbulence on planes and so the reaction has been fairly rapid. there has been a post on the social media platform where boeing said it was in contact with singapore airlines about the fight because this was a 77 plane and said it was ready to offer support. i was poring over at some us regulator data and it shows that actually is awful as the incident was, it is pretty rare that you get severe injuries from turbulence. just to put this in context, 163 cases recorded between 2009 and 2022, but

that being said, there's always the risk that climate change could make matters worse going forward and you could see more of these types of turbulence. foranyone could see more of these types of turbulence. for anyone who has flown before, each time you get the message saying, keep your seat belt fastened, it is incidents like this that remind you why. how fastened, it is incidents like this that remind you why. how common is this kind of turbulence? _ that remind you why. how common is this kind of turbulence? boeing - that remind you why. how common is this kind of turbulence? boeing have| this kind of turbulence? boeing have said they are helping with the inquiry but there is no real statement or response from them in terms of what went on. yes. statement or response from them in terms of what went on.— statement or response from them in terms of what went on. yes, it seems to be, not terms of what went on. yes, it seems to be. not a — terms of what went on. yes, it seems to be. not a case _ terms of what went on. yes, it seems to be, not a case of— terms of what went on. yes, it seems to be, not a case of mechanical- to be, not a case of mechanical failure, that does not seem to be theissue, failure, that does not seem to be the issue, based on what we know, it seems to be quite straightforwardly a matter of turbulence. as i said, climate change could make matters worse because there was research last year from the university of reading that shows that clear air

turbulence which is difficult to see and very dangerous and hazardous, has actually increased in various regions around the world. there is a risk that airlines will need to start thinking more about how they manage this increase in turbulence because there was one study that said actually it could cost the industry between 150 and 500 million annually, and that is just in the us, because every minute spent travelling to turbulence increases wear and tear on the aircraft and it also increases the risk of injuries to passengers and two flight attendants as we see here, because most of them spend time on their feet than passengers. it is a real concern but at the moment going through reports of how frequent we see this, it is pretty low at the moment, between 2009 and 2023, the regulator in the us said there were under 200 incidents which are given

how many planes fly every minute of the day, that shows you it is still pretty rare but it can have severe consequences. pretty rare but it can have severe consequences-— pretty rare but it can have severe consequences. michelle, thanks for “oininu us. consequences. michelle, thanks for joining us- keep — consequences. michelle, thanks for joining us. keep us— consequences. michelle, thanks for joining us. keep us up-to-date. - consequences. michelle, thanks for. joining us. keep us up-to-date. now joining us. keep us up—to—date. now to artificial intelligence because eu member states have approved a law to regulate the use of ai and the legislation which is the first of its kind in the world bans some uses of the technology, things like police use of application for a macro which could profile people on race, —— use of applications for al which could profile people on race, sexuality or religion. a number of tech companies have signed up to use ai systems more responsibly, firms like google, amazon and microsoft and 0penai. we can speak to a

partner at a law firm in paris. talk to me about the significance of the undertaking in south korea today relating to the development of ai attack because there is a fine line between stifling innovation and making sure the new tech safe. mice making sure the new tech safe. nice to be with you _ making sure the new tech safe. ii ce: to be with you today. what making sure the new tech safe. ii c2 to be with you today. what is happening today in south korea is one more illustration about the importance in striking the right balance between innovation and protecting from certain things, and there is testimony also with companies willing to engage with voluntary commitments around safety and ai and the importance of adopting future proof behaviours and strategies. at the same time, today, we are closing an important chapter in the ai regulatory history which the eu regulators are adopting, they

are hoping to have the first ever legislation around ai applicable in the eu and beyond. {line legislation around ai applicable in the eu and beyond.— legislation around ai applicable in the eu and beyond. one of the key undertakings _ the eu and beyond. one of the key undertakings is _ the eu and beyond. one of the key undertakings is committing - the eu and beyond. one of the key undertakings is committing to - the eu and beyond. one of the key| undertakings is committing to what they call a set of safety procedures that will measure the risks there ai models could pose. talk to me about what the potential risks could be? it is interesting to see the same concepts and the same objectives being shared in south korea and within the framework of the ai pact, it is about risks which may be raised by these very powerful impact for al models that are able to competently perform multitasking activities. when it comes to what risks the society is aiming at protecting, it is a roundhouse,

fundamental values, protecting, it is a roundhouse, fundamentalvalues, human protecting, it is a roundhouse, fundamental values, human rights, society and environment —— it is around health. so any sort of risk that may endanger society, companies and individuals dealing with al. i5 and individuals dealing with al. is it your sense that the commitment goes far enough? is this notjust the industry regulating itself? 16 companies who are major in al saying they will sign up to these rules that govern them, but should there be a more independent body looking at this? ~ , ., ., ~ ., , at this? when you take the example ofthe at this? when you take the example of the ai at this? when you take the example of the ai act — at this? when you take the example of the ai act in _ at this? when you take the example of the ai act in europe, _ at this? when you take the example of the ai act in europe, this - at this? when you take the example of the ai act in europe, this is - at this? when you take the example of the ai act in europe, this is a - of the ai act in europe, this is a good example, they have spent several years debating the right regulation, and now they have the key stakeholders in the ai value chain, getting them involved is fundamental, and you cannot implement it without the key stakeholders feeding themselves fully responsible and engaged in

making sure of a safe future for business and society and humanity as a whole. ., ., ., , . a whole. thanks for “oining us. we are a whole. thanks for “oining us. we grateful _ a whole. thanks for “oining us. we are grateful for— a whole. thanks forjoining us. we are grateful for your _ a whole. thanks forjoining us. we are grateful for your time. - the uk "is approaching a soft landing" after last year's mild recession, but could face a £30bn hole in the public finances according to the international monetary fund. the imf upgraded growth forecasts for this year from 0.5% to 0.7%, but pointed to "difficult choices" on tax and spending in the next parliament. the report warns against tax cuts while the uk faces a medium—term fiscal challenge. suren thiru is economics director at the institute of chartered accountants in england and wales.

there are two big things, the first one suggests we have turned a corner from the session but inflation falling sharply. that is the good news. the report also shows some structure issues in the uk, such as age of population, poor productivity and getting people back into the work will hamper the growth prospects in the uk if not addressed. an interesting line that struck me was pointing to difficult choices on tax and spending in the next parliament, and if as the polls lead us to believe we have a new government, does that limit them, and tie their hands in what they can do when it comes to tax and spending policy? it is in a challenging state, for a number of reasons. the question for any future government is that they need to be clear about the challenging choices they need to make about taxes and spending, investing in public services, the tax burden. how you balance those choices is critical because there will be real

challenges facing the uk economy. if they aren't addressed, like getting people into work, that is a challenge for teh uk to continue growing, as we have seen recently. and also when we look at the state of the economy now, there's so much in play given that inflation heading in the right direction. questions on interest rates, whether they will come down. that could put more money in people's pocket and boost the economy, but it takes time. i guess if you are in downing street you want it to happen sooner rather than later. what is striking in the imf report is while they do expect inflation to fall back to targets, they say they expect it to drift upwards later this year. that makes it tricky for the bank of england to cut interest rates. the story might get more tricky as we move forward this year.

in other news... shoppers are still seeking out cheaper own brand goods in the uk. grocery inflation has fallen to the lowest level since october of 2021. those findings come ahead of official figures those findings come ahead of officialfigures due out those findings come ahead of official figures due out on wednesday which are expected to show a sharp fall in overall inflation. bmw, jaguar land rover and volkswagen used by parts on a supplier that were banned on a list regarding forced chinese labour. car—makers say they have strict practices. international tourism has reached 96% of pre—pandemic levels according to figures released today. the data shows 285 million tourists

travelled internationally injanuary to march, about 20% more than the same period last year. it underscores the need complete recovery of the sector from the impact of the pandemic. much more on those stories on the website. that is your business today. we will see you soon.

welcome back to the programme. let's return to our main story. 73—year—old british man had a heart attack and died and seven people have been critically injured when a flight from london to singapore hit severe turbulence. 0ne flight from london to singapore hit severe turbulence. one of the crew told a passenger it was the worst turbulence she had experienced in her 30 year career. 0ur reporter has beenin her 30 year career. 0ur reporter has been in the hub looking at all the latest. , ., ., ,

been in the hub looking at all the latest. , ., ., , ., , latest. the plane was on its way from london — latest. the plane was on its way from london to _ latest. the plane was on its way from london to singapore - latest. the plane was on its way from london to singapore when | from london to singapore when authorities say it fell into an air pocket in airspace and had to make an emergency landing in bangkok. these are some of the images we have seen from inside the plane. and also there is damage to overhead lockers where something has clearly hit it and people were being treated on board and also on the tarmac. we have seen this video from inside the plane and you can see people being stretchered here, and a 73—year—old british man has died, sadly. the authorities say that was likely due to a heart attack and his wife was also injured and she has been taken to hospital. seven other people have been critically injured, believed to have head injuries, and almost two dozen have other injuries.

this is the plane coming into bangkok airport and rushing to