minister for a third consecutive term. however, it marks the first time his bharatiya janata party has needed allies to form a government. so will that impact mr modi's ability to push through economic reforms? priyanka kishore, the director and principal economist at research company asia decoded, gave us her take. modi is actually working with an alliance which has a lot of experience of pushing through successful reforms under the government. and they will draw upon that experience. of course, i think there will be a slowdown in decision—making in certain areas and the big calls that people are expecting, that won't come through. but we will not completely see a stalling. labour reforms, i think, will be prioritised. we can debate the outcomes, but the reality many people talk about is that in the last ten years, india has seen bold economic decisions as well made by the bjp government, and many feel that has worked in a way for

international investors. are you likely to see that continue? the bold decision—making means executive reforms and administrative reforms can happen. but as a result of those decision—makings, we have not seen land reforms or agricultural reforms. now this is a new landscape, and the reason i think we may see labour reforms happen is because there is an impetus with employment becoming a key issue, and we could see more dialogue. so i think, eventually, investors will come round and see this is not such a bad outcome. the government spending on capex has been a big priority. what more needs to be done? is private investment something you would be keen to look out for? yes, definitely, that's a great point, actually. for the labour interventions that need to happen, we will see some shift in the expenditure mix in the fiscal. so i expect capex to

be curtailed a bit. it will still stay, but it will not be as high or surging. and money will go towards education, training, social sectors, which makes it all the more essential for private investment to kick in. and i think the way for that to happen is to stop to happen is to start promoting trade and exports and making imports cheaper. on paper, india has one of the fastest growing economies, but there are several pressure points. what would be your first course of action to see? definitely like to see dialogue and movement on the labour side. we have focused on infrastructure and other supply—side initiatives. the labour contribution has lagged for too long in india and the time is now to pick up. priyanka kishore. turning to the oil industry. aramco, the saudi arabian energy giant, says international investors have snatched up the bulk of shares sold in its latest offering. the state—owned company is expected to raise more than $11 billion from the move. the sale came just days after

the head of the united nations called fossil fuel companies the "godfathers of climate chaos", who had deceived the public for decades. for more on this, we're joined by saul kavonic, senior research analyst at mst marquee. the equity sale of aramco by the saudis is very much in the bigger context of what is happening here and that is saudivision 2030. that's where the saudis are looking to really modernise the economy and diversify away from oil and gas. and we expect the money raised, the $11 billion, $12 billion raised to go into saudi arabia's public investment fund. that is where they are undertaking a transformation of the saudi economy. the public investment fund is key to that. and if you look at some of the ambitions the saudis have, we are talking about $1 trillion of investment notjust in the futuristic city neon which many talk about, but in areas like green energy both at home and abroad, manufacturing and areas like sports and tourism, which is going to see a very fundamental change in the saudi economy and society over the next ten years.

this plan of the saudi government to diversify beyond oil, how do you see that progressing and the kind of steps or actions likely to come ahead? for those of us who have visited riyadh lately, it is very, very different to only a few years ago, certainly ten years ago. cranes are everywhere. society and the economy is being fundamentally transformed. if you think about it, for example, most of us when we are thinking of going on a holiday, i don't think saudi arabia is even on the list. but in ten years�* time, saudi arabia could be one of the top tourism destinations. for those of us who remember the transformation of dubai a few decades ago, what we see in saudi now is very much like that, but on steroids — because they've got a lot more money behind it and they are attracting a lot more foreign investment and it is a fundamental transformation. they are trying to do what

a lot of western economies have taken 100 years to do in 20 years. malay ship will remove blanket subsidies on diesel starting from monday. the move is expected to save the government around $850 million a year —— malaysia. diesel will now be sold at market price that will be set quickly, except in the eastern malaysians states. there, it will remain subsided. norway's sovereign wealth fund says it will vote against ratifying tesla ceo's elon musk�*s $60 billion pay package. the fund which is a shareholder in the electric vehicle company said it remained concerned about the total size of the award after voting against it in 2018. mr musk�*s pay package is the largest for a chief executive and corporate america. it was voided by a judge earlier this year. it will be put to tesla shareholders for a vote this week. let's take a closer look at nollywood, the nigerian entertainment industry,

comparable to hollywood and bollywood in india. in april, nigerian film starjunior pope died when the boat he was travelling in from a film set capsised. an investigation found a number of safety failings, including the fact that the boat driver wasn't certified. hannah gelbart, from the bbc�*s what in the world podcast, has been speaking to nollywood actors and producers in lagos about the industry's safety record, and what needs to change. nollywood is booming, but it's got a darker side. this is a cultural centre here in lagos, and what you can see around me are some of the remnants of a huge nollywood premiere that took place here last night. it had some of the top names in nigerian cinema. nollywood is one of the biggest film industries in the world. it's up there with hollywood and india's bollywood, and it puts out more than 2,500 films every single year. but recently, there have been some concerns over things like health and safety in its films. in april, top nollywood actorjunior pope died in a boat accident. it capsised after hitting a canoe in a river, killing five people.

in this clip, filmed byjunior pope the day before he died, he's clearly concerned about his safety. an investigation found multiple failures. the boat wasn't registered, its driver had no licence, and only one passenger was wearing a life jacket. that's because they'd brought it on board themselves. the bbc has obtained a now deleted video clip from the producer's instagram, where she says she was told there were life jackets and junior pope was offered one, but didn't take it. actress and screenwriter ruth kadiri was a friend ofjunior pope's, and she was shocked by his passing. it was much more painfulfor me because i have been in that exact situation before. so i understood the fear, everything he must have felt at the last minute of his life. i had to shoot an epic movie, so we couldn't use lifejackets. i asked everybody, the team,

if everything was ok. they said, yes, the canoe was fine. so i got on the boat. "action", they said, and then they started to paddle. the canoe just tumbled into this very big river. so my colleague, frankincense — that's his name — he grabbed me because i was like, "i can't swim," you know? and stuff like that. it's... it's an experience that i will never forget. actor chidi dike says the industry is learning from its mistakes. the safety record has been quite low, but right now, it's better. so i think the incident was a bit of a wake—up call to everybody — producers, directors, actors. right now, we have to go back home one time. come on now. lives are important, too. we all do crazy things for the love of this job. going home later at 3am on a date. we're doing things that we normally would not do. 0urtiming forfilming,

it's insane. the industry should have proper rest days. i also think individuals should look out for themselves and just fix rest days for themselves. as nollywood continues to thrive, the world will now be watching how it treats people who work there. hannah gelbart, bbc news, lagos. the actors' guild of nigeria said in a statement — afterjunior pope's death — that it has set up a committee to look into improving safety guidelines and protocols. some more news before we go. shares of game stop have fallen by almost 40% in the united states. after a livestream states. after a livestrea m appearance states. after a livestream appearance by keith gill, also known as roaring kitty failed to spark investor enthusiasm. mr gill is credited with helping the struggling firm's shares explode 2021, contrary

to the bets of many professional wall street firms. four passengers from the us, turkey and italy travelled to the edge of space and back on a virgin galactic flight. richard branson�*s space tourism company will now take a two—year break from organising space flights, to upgrade its fleet. and that's it for this edition of business today. thanks for watching.

hello and welcome to sportsday. i'm chetan pathak. coming up on the programme: will he be the next king of clay? carlos alcaraz wins the french open, after an enthralling five—set final in paris. a thriller in new york — india survive a scare to beat pakistan at the t20 cricket world cup. and back to winning ways —

world champion max verstappen comes out on top at a dramatic canadian grand prix. welcome along. thank you forjoining us. we start with a history—making win for carlos alcaraz — the new french open champion who, at the age of 21, is the youngest man to win grand slams on all three surfaces, after he beat alexander zverev in a gripping five—set final at roland—garros. alcaraz — bottom of your screen — who's previously won the us open and wimbledon, took the opening set, playing the better tennis. but zverev, hoping to win his first grand slam title, won the next two sets and looked on course for victory, only for the spanish third seed to find another gear.

he only lost three games in the final two sets,