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tv   Business Today  BBCNEWS  June 19, 2024 2:30am-2:46am BST

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hello and welcome to business today. i'm arunoday mukharji. the big story we have been looking at. a moment of reckoning for boeing as an iconic american manufacturer comes under tense questioning from members of a us senate subcommittee. boeing's outgoing ceo, dave calhoun, responded to questions about boeing's path forward after a string of safety failures, production problems, and whistle—blower accounts. our north america business correspondent erin delmore has all the details. during tuesday's hearing, dave calhoun was confronted by senators with boeing safety failures and confronted by families with the loss of life those safety failures caused when two boeing jets crashed five years ago killing 346 people. he spoke directly to those who lost loved ones. i apologise for the grief that we have caused and i want
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you to know we are totally committed to their memory and focus on safety for as long — as long as we are employed by boeing. again, i am sorry. mr calhoun faced a tough grilling from senators who cast the one to great giant of engineering and beacon of american industry as a shell of its former self. subcommittee chair richard blumenthal called boeing safety�*s lapse is a matter of life and death with profound consequences for the economy and travelling public. safety issues, production short cuts and a lack of transparency has been a renewed focus since a door panel blew out of a boeing jet mid—flight injanuary. and as regulators reports and whistle—blower testimony pointed to wrongdoing on the aeroplane maker's part. also on tuesday, a new whistle—blower alleged that boeing used nonconforming parts and lied to regulators about it. well, behind you, you can't see it from behind you,
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the folks are showing pictures of the people who are the victims of your safety record. i think we can all see them. and i think the american public when they fear to get on aeroplanes, they understand your safety record. frankly, sir, i think it's a travesty you are still in yourjob. boeing's share prices are down more than 30% this year. the federal aviation administration is limiting the production of its new max jets and the department ofjustice has said the company is now subject to criminal prosecution after breaching the terms of its 2021 deferred prosecution agreement. mr calhoun has announced that he will step down at the end of the year. the search for his replacement is under way. staying with the us federal trade commission announced it had referred a complaint against social media firm tiktok to the justice department, saying the video app may be violating child privacy laws. well, the complaint also names tiktok�*s chinese parent company
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bytedance and stems from a previous investigation that was settled in 2019. in a statement to the bbc, tiktok said they were disappointed with the ftc and that they strongly disagree with the allegations, many of which they believe are factually inaccurate. software company and artificial intelligence darling nvidia, has overtaken microsoft to become the world's most valuable publicly traded company. it's stock rose 3.5% overnight, giving it a market valuation of $3.34 trillion — which is higher than both microsoft and apple. nvidia makes computer chips needed for artificial intelligence software, and demand for its products has boosted its sales and profits over the last few years. artificial intelligence was also a big focus at the g7 summit last week. the group of the world's largest advanced economies is still in the midst of creating a framework to regulate ai. on that and much more spoke with the president and chief executive of the information technology industry council jason oxman, who weighed
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in on the future of ai as well as nvidia's stellar rise. it's certainly an exciting day for nvidia shareholders and other shareholders in those large technology companies that are doing well on the start market. but i think the broader question is what does this say about our excitement about al? clearly artificial intelligence is going to be the generational technology across a variety of industries, it is keen to focus on what it means for the technology industry and it is important for tech because it is an enabler of ai, but ai is a game changer of all industries. that is why you are seeing excitement about the companies involved in the ecosystem. there is excitement. i want to go back to the g7 summit and what you had. how would you say some of the announcements are resonating with the company's west is very positive development. the hiroshima accord, which is really looking at a global regulatory approach to ai, really ensures that we don't have country specific approaches, that we take a risk—based approach to ensure the technology can be deployed safely and effectively
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to the benefit of all. and the advantage of having the g7 look at it and the g7 is also working with the oecd to include more countries than just the seven involved there, the advantage really is that we take a risk—based approach. what that means is we look at the technology and ensure has been to good use, we have guidelines in place to ensure that consumers are protected, but we make sure we don't have geographic specific approaches that might hinder the development and the effective deployment of ai technologies. an impact what companies bring them as you have said before. what progress are using in terms of having that kind of a framework? a lot of great progress. the progress is obviously on the guidelines, the risk—based approach that looking at other areas, cyber security, for example, where an announcement yesterday for a number of companies, they came out of the white house looking at a g7 approach to cyber security for energy, using al to improve cyber security there. it is also looking at al across a variety of different industries, medical applications, education, healthcare.
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they would argue contrary to the imf that al creates a lot of opportunities forjob creation we need to focus on reskilling, for example, which the g7 is also focused on. a lot of exciting activity and taking the global approach because technology crosses borders to make sure we can succeed together. staying with tech news. amazon has been finally $6 million for violating the nabo warehouse quota laws. the investigation focuses on two facilities east of los angeles and alleges that amazon did not provide written notice of quotas to its workers. the law went into effect in 2022 and requires employers to provide written descriptions of quotas to workers and to indicate if they can be disciplined for not completing jobs at a specified speed. turning to indonesia,
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where lawmakers have passed a bill that grants extension for maternity leave from three months to six months, but under special conditions. while many see this as an improvement on welfare the policy has also raised fears of discrimination against female workers. my colleague sent this report from jakarta. sleeping soundly in her parents�* embrace, the baby has no idea that her life is about to change. under indonesian law her mother, emma, has only three months of maternity leave and herfather, samuel, has only two days of paid parental leave. by the new law, emma can prolong her maternity leave up to six months under special circumstances, like health complications. with no complication, emma has to return to work in august when her baby is less than three months old. adding to emma's frustration, husband has to be back at work while she is newly adjusting to motherhood. translation: in other countries
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the government gives more - paternity leave, so the father's feel more sense of belonging as they are involved, but here the father is forced return to work in two days. the uk offers up to one year of maternity leave and up to two weeks of paternity leave. in singapore, working parents are entitled to four months of maternity leave and two weeks of paternity leave. however, this new rule is still considered to be an improvement for indonesians. while some consider this new law as a step forward, others are worried this regulation could trigger discrimination against women. there is a concern that women will find theirjob prospects hampered as companies prefer men who do not require up to six months of maternity leave. this concern raises the question of whether indonesians have sufficient awareness regarding gender equality to implement this rule. decision—makers, local government, and the private sector, are they aware
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that there is a health aspect to this? it should no longer be a stigma or even disconnection against women. regulations like this may also impact in terms of the women itself. if you imagine, you know, right now we want to increase the opportunity for women in the workforce, but this kind of regulation may even jeopardise, you know, they're working opportunities. companies may say it's too difficult, maybe we just hire more men rather than women. emma is also worried that she will be left behind in her career if she is away for too long on maternity leave. translation: no matter how hard we try, and want to be able - to catch up with people who work a full year, so we, as working mums, are also in a dilemma because there may be no companies in indonesia that are ready to implement it.
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and before we go, fast food giant mcdonald's has announced it will remove an ordering system powered by ai from its drive—through restaurants in the us. the automated system has proved unreliable, resulting in some comically misinterpreted orders. one customer's receipt said they ordered ice cream topped with bacon while another listed a request for hundreds of dollars worth of chicken nuggets. mcdonald's said the technology will be removed by the end of july. that is all we have for you on this edition of business today. thank you for watching. do stay on with bbc news.
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hello and welcome to sportsday. i'm paul scott at the bbc sport centre. here's what's coming up. portugal score in injury time to come from behind and beat the czech republic in their euro 2024 opener. turkey score a couple of goal of the tournament contenders as georgia are condemned to defeat in their first ever match at the euros.
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and a winning start on the grass as carlos alcaraz secures victory in his opening match at queens. hello there. welcome along. portugal made a winning start to their euro 2024 campaign, after coming from behind to beat the czech republic 2—i. while in their first ever match at a major international tournament, georgia fell to a 3—1 defeat to turkey. joe wilson rounds up tuesday's action in germany. can you imagine the euros without cristiano ronaldo? not sure that he can. 20 years of this. against czech republic, portugal predictably had loads of the ball as they searched for a goal. when the czech players have a meaningful attack they did that. after such joy, clumsy stuff at the back helped portugal
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equalise, an own goal. portugal needed injury time and substitutes to conjure to the winner. portugal win it! oh, yes, they can. but victory never grows old. this is all new for georgia, for the first time part of the euros, proud and outnumbered. supporters of turkey dominated dortmund's stadium, you will hear them all when mert muldur�*s shot hits the net. follow that. georgia did — neat, quick footwork in the build work and the finish, i—i, good goals but work and the finish, i—i, good goals, wait work and the finish, i—i, good goals, wait for turkey's next. arda guler was not born when ronaldo first played in the us but something he could be the new big star. that is why. georgia competed the last, everyone forward, no—one back, they lost with pride. turkey won with three goals. joe wilson, bbc news.

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