election enters it final days. also coming up — a new chapter for boeing? the aerospace giant promises to change its business culture — as it tries to win back the trust of safety regulators, customers and the public. lady and gentlemans, start your engines! coming soon to a cinema near you — the year's best movie promos compete for the golden trailer awards. welcome to business today, i'm lukwesa burak. we start in india — where official figures out in a few hours�* time are set to confirm its still the world's fastest—growing major economy. the gdp numbers are being released as india enters the final days of its huge general election.

they are likely to be seized upon by prime minister narendra modi as proof that his economic plans — or modinomics — are working. that's despite concerns about food price inflation, growing wealth inequality and high youth unemployment. let's just show you the details. india's economy is expected to have grown at an annual rate of 6.7% betweenjanuary and march — that's according to economists polled by reuters. that would represent a slowdown from the rate of more than 8% seen at the end of last year. despite that, according to some estimates, it still puts india on track to overtake japan next year — and become the world's fourth largest economy in 2025 — according to some estimates. and its forecast to then go on to overtake germany and it's forecast to then go

on to overtake germany to become the third largest — after the us and china — possibly by 2027. will that happen? let's find out what we will see today. let's go to mumbai and speak to our india business correspondent, archana shukla. hello to you. that expectation of 6.7, does that sound about right? of 6.7, does that sound about riuht? . of 6.7, does that sound about ri. ht? ., ., , of 6.7, does that sound about riiht? ., .,, , right? that has been the expectation _ right? that has been the expectation from - right? that has been the expectation from the - right? that has been the - expectation from the economists that writers has polled and now broadly as well there is an expectation that gdp growth will slow down injanuary expectation that gdp growth will slow down in january to march quarter, the numbers that will come out —— polled by reuters. large slowdown in manufacturing case. inflation rising prices has been one of the concerns for the country and the central bank and that would continue. but despite the

slow growth in gdp for the country, it still remains, like you point out, one of the fastest—growing major economy is in the world and these numbers will come out right before the election results next week that will determine who woman the country for the next five years and what could be the economic path going ahead. , ., ., ~' ahead. the figures look impressive _ ahead. the figures look impressive on - ahead. the figures look impressive on paper- ahead. the figures look| impressive on paper but ahead. the figures look - impressive on paper but on the ground... india has headed to the moon, it has a space programme, but there is so much poverty in india at the same time. what exactly is going on and how is no end to a moon, it has space programme, but there is so much poverty in india at the same time. what exactly is going on and how is your enter modi handling criticisms? == modi handling criticisms? -- how modi handling criticisms? » how inequality has grown since the pandemic when we saw inequality right in the country. that has been one of the biggest criticisms for the modi government despite work

that has been done on infrastructure where the government are spending on building roads, airports, ports in the country. they have driven the growth in gdp for the country as well as being the country as well as being the biggest election planks for modi as he seeks a record third term in office. but growing wealth inequality, which has also been marred by rising food prices and rising inflation has definitely been one of the biggest concerns. archana shukla, thank _ biggest concerns. archana shukla, thank you - biggest concerns. archana shukla, thank you very - biggest concerns. archana i shukla, thank you very much indeed, thank you. to the us now, where the aviation watchdog — the federal aviation administration — has given a cautious welcome to plans by boeing to shake up its safety culture. the aerospace giant's bosses presented the turnaround plan during three hours of talks on thursday. but the faa has made it clear that its increased oversight of boeing and its suppliers will continue — and that it won't allow the company to ramp

up production of its 737 max jet for now. our north america business correspondent erin delmore has the details. boeing's been no stranger to the spotlight this year. from a january incident involving a door plug blow—out during a flight, to investigations from regulators, to a report from the national transportation safety board squarely placing quality—control failures on the company itself. on thursday, boeing executives met face—to—face with the united states aviation watchdog to present a path forward. it reportedly included changes to the company's production and safety processes, including clearer assembly—line instructions, improvements to training, greater oversight of suppliers, and improvements to the safety culture. faa administrator mike whitaker called the plan a guide for a new way for boeing to do business, and said he expected it to lead to systemic change. we underscored that they must follow through on implementing corrective actions and

transform their safety culture. this is a guide for a new way for boeing to do business. the faa will make sure that boeing makes lasting changes using all the tools at their disposal. i made it clear to boeing ceo dave calhoun — and other senior leaders — that this plan does not mark the end of our increased oversight of boeing and its suppliers, but at the beginning of the next chapter. boeing is under scrutiny not just for this january's in—flight incident, but also for 2018 and 2019 failures that resulted in the deaths of 346 passengers aboard two 737 max jets. the new plan is boeing's path toward regaining the confidence of airline passengers and regulators. in the meantime, mr whitaker said regulators won't be allowing boeing to increase its production of 737 max jets — that's been on hold since february — and he doesn't expect that to change for the next few months. going forward, the firm and the watchdog will be having

weekly check—ins on the plan's implementation, and the faa will carry out monthly reviews. let's stay in the us, because all eyes on wall street will be on a key piece of inflation data out before the markets open. the personal consumption expenditure — or pce — index records the price of goods and services bought by ordinary americans, and it is closely watched by the us federal reserve. the fed will want to see it easing further before it starts cutting the cost of borrowing. markets were rattled on thursday by weak forecasts from software company salesforce — which sent technology shares tumbling. if the data shows inflation remained high in april, that could unsettle markets further. chris beauchamp is chief market analyst at ig. good morning. nice to see you.

what are the expectations later in the us? we what are the expectations later in the us?— in the us? we expect to see a slowdown _ in the us? we expect to see a slowdown in — in the us? we expect to see a slowdown in price _ in the us? we expect to see a slowdown in price growth - in the us? we expect to see a slowdown in price growth in i in the us? we expect to see a l slowdown in price growth in the us from last month so things are moving in the right direction. the problem for market investors at the moment is that yesterday's gdp data slowed, as well, for the first quarter, so there are signs of notjust inflationary but the us economy, as well. the least pleasant outcome for markets at the moment. pleasant outcome for markets at the moment-— pleasant outcome for markets at the moment. take us through the sticky inflation, _ the moment. take us through the sticky inflation, what _ the moment. take us through the sticky inflation, what are - the moment. take us through the sticky inflation, what are the - sticky inflation, what are the big issues?— sticky inflation, what are the big issues? most obviously at headhne big issues? most obviously at headline level, _ big issues? most obviously at headline level, the _ big issues? most obviously at headline level, the amount i headline level, the amount people spend on housing, that has been very sticky and refusing to come down over time. if you strip that out then things started to look a lot better. one of the key things is the pce measure, cpi figure earlier in the month, which the fed looks at, that

doesn't include those figures, or changes them so they have less impact. that is the main thing. gas prices and food prices coming down. there are a few elements are still continuing to worry. i5 few elements are still continuing to worry. is the bet still that those _ continuing to worry. is the bet still that those cuts, _ continuing to worry. is the bet still that those cuts, the - continuing to worry. is the bet still that those cuts, the fed l still that those cuts, the fed interest rate cuts, are not likely before the election? probably to the end of the year? it probably to the end of the ear? ., ., 4', year? it looks. if the fed moves — year? it looks. if the fed moves before _ year? it looks. if the fed moves before the - year? it looks. if the fed. moves before the election year? it looks. if the fed i moves before the election it runs the risk of being accused of being political. it would like to cut rates and the chairman of the fed above others would like to put the support isn't there in terms of weakening inflation. if the economy starts to weaken, and gdp suggests that it may be the case, the argument to cut rates sooner rather than later gets stronger. sooner rather than later gets stron i er. , sooner rather than later gets stronger-— stronger. chris beauchamp, thank you — stronger. chris beauchamp, thank you very _ stronger. chris beauchamp, thank you very much, - stronger. chris beauchamp, | thank you very much, joining stronger. chris beauchamp, - thank you very much, joining us from ig. let's move to france now —

because the global ratings agency s&p will give its latest verdict on france's credit rating shortly. there has been growing fear that france could see its rating cut because of the worsening state of its public finances. france's national debt is now far bigger than its entire economy — running at 110% of gdp. across the european union, only greece and italy have a worse ratio. let's go to paris and speak to charles—henri colombier — director of macroeconomic analysis at rexecode. hello and welcome to the programme. where is it all going wrong for france? good morning and _ going wrong for france? good morning and thank— going wrong for france? good morning and thank you - going wrong for france? good morning and thank you for - morning and thank you for having me. let's face it, it is true the situation of french public finances is problematic. i think there would be a number of reasons for the s&p to downgrade the rating by one

notch. among these is the fact that now with the exception of greece, whose situation is particular because it's debts are most to european institutions and the market, france and italy either two economies in the euro area whose debts are still very high and not on a downward trajectory. and if you look at it last year's decision by s&p not to downgrade the rating of france, it was motivated by the expectation that the french debt to gdp level would decrease over the coming years and this is clearly not the essential expectation any more. so, yes, france has a number of issues. another one is the structural level of public spending. it is now 57% of gdp, which is by far the highest level and i think this is

probably the major debt angle in terms of public finances that has not been tackled by the french government, which so far has all its debt and growth to escape this public debt trap that france has been in for a number of years. we that france has been in for a number of years.— that france has been in for a number of years. we are also exoeeting _ number of years. we are also expecting inflation _ number of years. we are also expecting inflation figures i number of years. we are also | expecting inflation figures out for the euro zone. what could we see there? i for the euro zone. what could we see there?— for the euro zone. what could we see there? i think inflation fiiures we see there? i think inflation figures are — we see there? i think inflation figures are expected - we see there? i think inflation figures are expected to - we see there? i think inflation figures are expected to be - figures are expected to be roughly stable. they might actually increase by a very small amount due to the fact that energy prices are not decreasing as fast as they used to be over the past month. but to be over the past month. but to be over the past month. but to be honest, i don't think we expect anything that could prevent the ecb from starting to lower its interest rates starting at the june meeting. starting at thejune meeting. heading back to starting at the june meeting. heading back to france starting at thejune meeting. heading back to france again, if it is downgraded, it escaped the downgrade last time, what

are the implications for the wider euro zone? how serious is this? �* . ., , wider euro zone? how serious is this? a . , ., , wider euro zone? how serious is this? x . , ., ,., this? actually, ratings are in a wa this? actually, ratings are in awa a this? actually, ratings are in a way a thermometer- this? actually, ratings are in a way a thermometer and i l this? actually, ratings are in - a way a thermometer and i think in this case markets already know the temperature issue, this metaphor. so if france was downgraded by s&p, it wouldn't be a surprise, and if you look at the risk premium of french debt as measured by the gap between the levels of interest rate and french debt and german debt, they have not really increased over the past days so markets seem to shrug off the situation which can be explained by a number of reasons. one is the fact that the level of savings in your area —— hero area is quite high, households are regaining purchasing power but the intent to use it more than consume more and in france it is still

viewed as too big to fail in the euro area. this is more of the euro area. this is more of the medium to long—term issue than a short—term issue, i believe. than a short-term issue, i believe-— than a short-term issue, i believe. ., , believe. 0k, charles-henri colombier. _ believe. ok, charles-henri colombier, thank- believe. 0k, charles-henri colombier, thank you - believe. 0k, charles-henri colombier, thank you very | believe. 0k, charles-henri - colombier, thank you very much. thank you. let's return to our top story — the conviction of donald trump on all 3a counts in his trial for falsifying business records. the guilty verdict had an immediate effect on the stock price of trump media — the company he majority owns. monica miller is following this for us in singapore. take us through what happened when fed came through. the iarent when fed came through. the parent company _ when fed came through. the parent company of— when fed came through. tue: parent company of true when fed came through. tte: parent company of true social was trading at 48.44, it had closed at $51.12 during regular hours on thursday, giving it a valuation of $9 billion. stock

has been volatile since its debut last march. it reached a peak this year of around $80 on march 26, but earlier this month trump media reported it had lost more than $300 million last quarter, according to its first report as a publicly traded company. former president owns a majority the shares of this company and if you remember he founded social after he was kicked off major social media apps like facebook and twitter. following the january 6th capitol riots in 2021. the former president will be sentenced on the 11th of july. be sentenced on the 11th of jul . ~ ., . . be sentenced on the 11th of jul . ~ ., ~ july. monica miller in singapore. _ july. monica miller in singapore, thank- july. monica miller in | singapore, thank you. let's get some of the day's other news now. saudi arabia's government has filed papers to sell off another stake in state oil giant aramco to investors. the deal could raise over $13 billion. it will help fund crown prince mohammed bin salman's vision

2030 plan to diversify the economy away from oil. aramco is the world's top oil producer and exporter — and is currently around 80% owned by the saudi government. coming up — trails of glory! the year's best movie promos compete for the golden trailer awards. around the world and across the uk, this is bbc news.

to the environment now — and concerns over the sustainability claims made by companies. from today the uk's financial watchdog — the fca — brings in new anti—greenwashing rules, which could see companies fined for making misleading claims about their green credentials. an eu study has found that more than half of environmental claims made about products and services are vague, misleading, or unfounded.

consultants compare ethics are warning that some 40% of large firms in the uk could be at risk of being fined for greenwashing. ceo abbie morris has been speaking to the bbc�*s sally bundock about what they can do about it. we use al to check companies' supply—chain data. so no data is publicly available — it's actually what's going on within their supply chain. based on our ai assessment, we can then work out exactly what they can say to their investors and customers with confidence about their green credentials. so you're actually helping the retailer to communicate their green record — is that correct? — as opposed to policing them. exactly. right now, companies are crying out because they've collected a lot of data, but they don't have confidence on what they can say against the fast—changing regulatory landscape.

so our team have implemented an ai tool that allows customers like reiss and new look to get confident on their green communications. because, as financial journalist, business journalists, we are very keen to know whether a company really is proving to be sustainable in its practices or not — especially when it comes to the retail sector, fashion — you've just mentioned reiss and new look — because it is one of the biggest emitters of carbon emissions, isn't it? yes, it's consistently ranked in the top ten emitters, and a lot of the time it goes under the hood. and then we also see that companies in the retail sector like to really communicate how sustainable they are because customers like me and you also really like to know that we're purchasing in line with our values. and so that's why we're seeing a big regulatory change, where 40% of businesses were found to be misleading on their green credentials. and that's why it's

so important for businesses to have companies like ours support them to make sure that they're getting that communication right, and not misleading accidentally. now, at the end of may, there'll be, in the uk, a new greenwashing law coming into effect. what do you make of the law? will it make a difference? does it work? yes. i mean, there's been multiple updates to consumer protection law globally in a lot of key markets. there is a lot of consistency — so we're looking for products to be communicated in a more specific way, with good data to back that up. so i do expect that, whether we're talking about the retail sector or whether we're talking about the financial sector, there really will be a new step change in how we see businesses communicate their green credentials — it will need to be really backed by good data. and we actually see a big enforcement step up, as well. in the eu, they're set to find companies 4% of their global turnover in each member state that they're not compliant. and in the uk, later this year, the competition and markets authority will get powers to fine companies 10% of their global turnover if they're found

to be misleading. so we're definitely seeing that — all this regulatory landscape is shaping up to batten down the hatches and make sure that no company is misleading on their green credentials. and how much greenwashing is there within the retail sector? so, consistently, we've seen multiple global studies or regional studies. we see anywhere between 40% and 50% of businesses today misleading on their green credentials, which is why consumer protection authorities — like the cma or the eu — have really come hard down on this, and make sure that this is not a challenge going forward for customers, and we make it very easy for customers to back companies who are really doing the right thing and really start to level that playing field. let's turn to uk politics — because a conservative politician in the uk says he is backing the labour party at the general election in around five weeks' time. mark logan — who was an mp

until parliament dissolved earlier this week — spoke to our political editor, chris mason. this man was a conservative mp this time yesterday. today, he's saying he'll vote labour at the general election — and he's joining the party, too. when i look back to my teenage years in 1997, whenever labour came to the fore at that time and we obviously heard the song, things can only get better, i feel we are at that point again in british politics and british history, and that's why i've decided that i'll be going for labour at this next election on the 4th ofjuly. how extraordinary. there you are, quoting labour's anthem from 1997, and you were a conservative mp 24 hours ago. that's quite a thing. well, i mean, this is notjust something the last 24—hours something the last 24 hours that i've been thinking about. i've been thinking about this for a very long period of time and i believe that the labour party has also been through and on a journey in the last few years. let's spell this out

explicitly. are you saying that the conservative party right now is unfit to govern? well, ijust feel that the conservative party that ijoined a decade ago is unrecognisable from the conservative party of today. in what sense? that's not to say that there aren't. . . my colleagues from the conservative party have been doing a lot of hard work or haven't been doing good things, i don't want to be critical in that sense, chris, but i think overall the sense and the tone, the hope and the optimism, is with labour and it's no longer with the conservative party. what do you say to the person who says you should have had a bit more guts, you should have crossed the floor as a couple other of your former conservative colleagues have literally crossed the floor, whilst you were still an mp, rather than waiting until now? well, i have thought about it obviously before, but the thing was i felt more comfortable with my ending as an mp at midnight last night, sojust 12, 24 hours ago, i felt that that was the right thing to do, because the electorate did vote me in as a conservative mp. final question, are you going to join the labour party?

absolutely, application is going in today. prime minister, another conservative defection tonight. are people losing faith in you? no answerfrom rishi sunak but this minister on question time didn't have the option of walking away. what is your response to that? another mp has - defected to labour. well, look, each to their own. people make their own decisions. it's not a decision i would have made. but look at this — what a contrast. one minute labour is proudly showing off another former conservative mp, while an almighty row rages about diane abbott, who's been a labour mp for decades, over whether she can even be a candidate for them. they just want me excluded from parliament. diane abbott was suspended from the parliamentary labour party after saying jewish, irish and traveller people do not face racism all their lives. she apologised and was readmitted to the parliamentary party the other day. enter next labour's deputy leader, telling sky news diane abbott should be

able to stand again for the party. she wants to stay, then she should be able to stay. diane has been a trailblazer 37 years, first black female mp in parliament and she has shown people like me that you can be yourself. and compare that with keir starmer. he is pointedly not saying he'd like to stand again. the situation in relation to diane abbott is that no ——he is pointedly not saying he'd like her to stand again. the situation in relation to diane abbott is that no decision has been taken to bar her and, you know, we have to remember that she was a trailblazer as an mp. and this labour activist, proudly on the left u nfortu nately we have ru n unfortunately we have run out of time to show you the latest on the golden trailer centres awards that stay with me, more at the top of the hour. hello there. the weather for half—term has certainly brought its challenges this week. in fact, across the east coast, it's been rather grey, and take a look

at thursday afternoon — and cromer pier, as you can see, it was raining quite heavily and with the breeze coming in off the north sea, it felt quite chilly as well. slightly different story further north and west in the western isles — this is the isle of lewis. we had just over nine hours of sunshine. that's because high pressure is starting to drift in off the atlantic and it will quiet the story down considerably as we move through the weekend. but this little nuisance weather front still bringing in quite a lot of cloud off the north sea on friday. and anywhere from east yorkshire down through east anglia and south—east england will continue to see some outbreaks of showery rain for a time. so into the afternoon, the showers gradually decreasing, but certainly more cloud here, only 15 or 16 degrees. further west, with the cloud well broken, the winds a little lighter, we should see temperatures peaking at 20 celsius. a dry afternoon for northern england, northern ireland and much of scotland. sheltered western areas of scotland perhaps seeing the best of the sunshine, and once again the best of the warmth as well.

now, as we move through friday evening and into the early hours of saturday, we'll still continue to see a little cloud across east anglia and that kent coast. but with clearer skies, temperatures are likely to fall away here. one or two spots, we could see temperatures in rural parts down to around 4 or 5 degrees. so potentially a chilly start to saturday, but it will be a dry one and there will be a lot of sunshine pretty much from the word go. again, that nagging northerly breeze continuing to drive in a few isolated showers and some nuisance cloud. and there might be a little more cloud just into the far north—west of scotland. but sandwiched in between the two, a lot of sunshine, a drier story, and temperatures will start to respond. further west, we should see highs of around 20, 21 degrees, 70 fahrenheit. now, as we move into sunday and into next week, this high pressure stays with us for a time, but there's a risk of some weak weather fronts toppling across the high, which mightjust interrupt the sun from time to time.

but all in all, the theme into next week looks likely to stay quite quiet, largely dry, and for many, a degree or so warmer than we've seen of late. take care.

good morning, welcome to breakfast with naga munchetty and charlie stayt. 0ur headlines today. donald trump becomes the first former us president to be convicted of criminal charges as a jury finds him guilty of falsifying business records. this was a rigged, disgraceful trial. the real verdict is going to be november 5th by the people. i'm a very innocent man. the verdict comes as mr trump fights to return to the white house in november's presidential election. labour's push for green energy, but the snp claim it will destroy jobs in scotland. thousands of cancer patients in england will have access to a new type of treatment, using vaccines to fight the disease. good using vaccines to fight the disease. morning. the r lack good morning. the rainy weather and lack of sunshine have delayed the strawberry harvest this year. i have come to this farm in dartford to

find out how these poly