hello and welcome to business today. i'm arunoday mukharji. we start injapan, with toyota's annual meeting begins in a few hours. shareholder support will be closely watched. although akio toyoda will likely be re—elected as chairman, any fall in support for him could drive change in the company. it was recently at the centre of an industry scandal, where it admitted to providing incorrect or manipulated data for safety certification tests. i spoke to neil newman from astris advisory japan about his outlook for the world's top car—maker. he typically, this time of ear, he typically, this time of year. the _ he typically, this time of year, the shareholder i he typically, this time of - year, the shareholder meeting speak and there is usually an occasion to hear good things from the company and basically to please shareholders going ahead. but of course with toyota, they are going to be on the defensive particularly

because of the so—called scandal involving notjust scandal involving not just toyota scandal involving notjust toyota but honda, mazda, suzuki, yamaha, a whole load of companies there. this will be a sensitive topic of the meeting. there may be some questions about keeping costs under control, the effect of the week and perhaps the decline in demand for a period where really they will be tackling this problem head on stop i to say on that point how do you feel that controversy is likely to impact the company short and long—term? short—term we cannot deny the news of what has happened here, buti deny the news of what has happened here, but i think it needs to be put into context. we don't actually have any cheating going on here. this is really it, it's somewhere between the bureaucratic way that the japanese test cars and actually being driven by one of the ministries, excuse the pun, and the way we reported this. what we are talking about here is actually just a what we are talking about here is actuallyjust a difference in a way between the way domestic cars are tested because injapan, domestic cars are generally very small and the way that global models are

tested which are much larger and to give an example of one of the problems they had come of the problems they had come of the problems they had come of the domestic cars injapan are supposed to, even the crash test, test it with a 1.1 tonne car, the used 1.8 tonne car with the global sort of standard. and of course, that is a violation of the rules. so even though it's been over tested come if you like him it is still a violation of rules, that was reported in the press and turned into a scandal. speaking of auto—makers, —— the neck — hyundai motor shares hit a record high in seoul —— jumping as much as 6% on monday — after the south korean car giant said it was looking to raise $2.5 to $3 billion through a public listing for its india subsidiary. the bbc�*s india business correspondent nikhil inamdar has the latest on why this has got the markets so excited. well, high—end a filed its preliminary papers for an ipo over the weekend, and if this listing does get a nod from india regulators, it could easily become offer for sale

rifling the life insurance corporation of india. now the korean auto—maker is looking at selling a 17 and half percent stake. there will be no new shares issued by the dilution by the existing shareholders. while there are no details yet on the pricing or the evaluation, media reports suggest hyudani may be looking at a company evaluation of about 20— $30 billion. that is nearly half that of its parent. in this listing in india may have been beat the discounted valuations korean companies typically get. that is one reason why the marketjumped at the news. hyudanito get, two decades after market leader listed on the exchanges. it is a reflection of india's growing importance for the company where it has invested over $5 billion and committed to invest billions more over the next

decade. china has launched an investigation into pork products from the european union, in what appears to be a tit—for—tat action. last week, the eu decided to impose tariffs of up to a0 percent on chinese electric vehicles. the investigation into eu pork could result in beijing imposing its own tariffs. it imported about three billion dollars' worth of pork products from the eu last year, with spain accounting for half that total. boeing is back in the spotlight, as outgoing ceo david calhoun gets ready for another appearance on capitol hill. 0ur north america business correspondent erin delmore has more on what to expect from his testimony on tuesday. 0n tuesday's hearing in front of a senate subcommittee, mr calhoun plans to speak directly to the families of the 346 people killed aboard two boeing flights more than five years ago. according to his prepared remarks, he will also express regret about a january incident

that led to a door panel blow out to mid—flight aboard a 737 max nine aircraft. as well as gratitude, there were no fatalities. mr calhoun has served as president and ceo of boeing since january 2020, he plans to tell senators that he understands the gravity of boeing's responsibility to uphold aerospace safety and that the company will take action to ensure its safety standards are met and will hold itself accountable. he will be asked to answer for the company's failures, including criticism that the company put profit over safety. a recent meeting between boeing executives in the united states chief aviation watchdog ended in a plan for a systemic change and no plans from the watchdog to allow boeing to increase production of at 737 max jets. it comes amid a trying chapter for the aerospace giant and the end of a chapterfor mr calhoun himself. he has announced he will be stepping down later

this year and the search for his successor is under way. boeing has in recent months shaken up at senior leadership team and the firm �*s shares have fallen around 30% year to date. apple is ending its own �*buy now pay later�* programme in the us, which it launched last year. instead, apple pay customers will now be allowed to take advantage of the model in other ways. they'll be able to opt into instalment loans through their credit and debit cards, and through third—party lenders like affirm, during the apple pay checkout process. this is expected to take effect later this year, and will apply to customers worldwide. the us federal trade commission is suing adobe and two of its senior executives for allegedly deceiving consumers by hiding hefty termination fees, making it difficult for them to cancel their subscriptions. according ot the lawsuit, adobe buries the feeds which can amount to hundreds of dollars in the fine print of its subscription plans. in a statement adobe defended their subscribtion service — saying it was cost effective and flexible. the pledged to refute

the ftc�*s claims in court. sticking with the us — shares of gamestop slid on wall street, down 12%, after the american video game retailerfailed to provide updates about the company's future strategy. the stock surged last month following the return of an investor known as "roaring kitty". he was credited for 2021's rally in meme stocks, where retail investors drove massive gains in gamestop and other struggling firms, contrary to the bets of many professionals. michele schneider from marketgauge explained why this time round the meme—stock frenzy was a little different. before we go— one of america's top public health officials has we saw disappointment for their shareholders. essentially what is really historic here that have trouble in terms of their business plan being profitable, their last earnings were abysmal, raised 4 billion in

cash, so, of course it would be a disappointing outcome when they didn't have any kind of clear outline of what they were going to do now that they are flush with cash. so it is really going to be up to ryan cohen to come up with something interesting, or it could be trouble. ~ interesting, or it could be trouble-— interesting, or it could be trouble. . , ., ., , trouble. we have seen a rally and game — trouble. we have seen a rally and game step _ trouble. we have seen a rally and game stop shares - trouble. we have seen a rally and game stop shares since l trouble. we have seen a rally i and game stop shares since the return of rory and kitty, are there similar returns to the rally we saw during the pandemic?— rally we saw during the pandemic? rally we saw during the andemic? ~ ., , pandemic? will actually the pandemic. _ pandemic? will actually the pandemic, that _ pandemic? will actually the pandemic, that stock - pandemic? will actually the pandemic, that stock went l pandemic? will actually the l pandemic, that stock went up pandemic? will actually the - pandemic, that stock went up to $483 before it topped out. and we couldn't even get to 70, which everybody was looking at because that was going to make keith gil�*s a billionaire, and it didn't happen. so i would say that the biggest difference we have right now is in 2021, of course, people were home, everyone was rallying after the major stimulus and the zeros interest rates. now we have higher for longer but we have an ai rally which is acting more like meme stocks than actual name stocks.- more like meme stocks than actual name stocks. what will

ou be actual name stocks. what will you be looking _ actual name stocks. what will you be looking out _ actual name stocks. what will you be looking out for - actual name stocks. what will you be looking out for in - actual name stocks. what will you be looking out for in the i you be looking out for in the days ahead around game stop? well, there are a few companies that have a relatively high short float of stock, a couple of other realty trusts which has not done very well because the real estate market has been so nuanced here in the united states. so perhaps we might get some interest, but i really believe that while we have this tremendous rally going on in the snp and nasdaq and particularly in the tech and ai stocks that the retail investors are having so much fun there, there really isn't a reason to do the short squeeze, particularly as institutional investors have become keen on the fact that if something is heavily short and expense and volatility it's probably time for them to pay attention. i'm not sure the memes stocks are really going to be the thing right now unless maybe we see some kind of downturn and start to see short float go up. mil to see short float go up. all riaht, to see short float go up. all right. that _ to see short float go up. all right, that was michelle schneider speaking to me a short while back on business

today. before we go— one of america's top public health officials has proposed that labels should be put on social media, warning parents that they can damage the mental health of young people. according to his opinion piece in the new york times, surgeon general vivek murthy wants people who visit these platforms to be shown a message warning that they are quote "associated with significant mental health harms for adolescents". he also described the public health risk as comparable to road accidents. much more on that story and all the other updates on the bbc news website. that is all we have for you on this edition. thank you very much for watching and do stay on with bbc news.

hello and welcome to sportsday — with me paul scott — here at the bbc sport centre.

france are up and running at euro 2024 — thanks in part, to this unfortunate own goal. tennis stars aryna sabalenka and 0ns jabeur become the latest players to say they won't be competing at the paris 0lympics. and bangladesh complete the line—up for the t20 cricket world cup's super 8s — after victory over nepal. (pres) let's start at the european football championship. france have made a winning start, after beating austria 1—0 in dusseldorf in group d. but as patrick geary reports, they needed a bit of luck along the way. the bigger the star, the bigger the close—up. the focus is always on kylian mbappe. as a global icon, the france captain's

every move is watched. it's another thing trying to keep up with him.