boeing announces it will buy one of its biggest suppliers, spirit aerosystems, in a bid to improve the safety sprint aerosystems, in a bid to improve the safety of its planes. as the eu's electric vehicle tariff deadline inches closer, we look at the impact those duties will have on the world's number two economy. hello and welcome to business today. i'm steve lai. we start with boeing. around two decades ago, the plane maker changed the way it was doing business and began outsourcing production of some of the major components of its biggest—selling planes, like the 737 max and the 787 dreamliner. now, it's reversing course. and bringing one of its biggest suppliers, spirit aerosystems, in—house. our north america business correspondent erin delmore has more on that $4.7 billion deal.

the move comes after months of renewed scrutiny on the aerospace giant, after a door plug blew off a boeing jet mid—flight injanuary. that followed two fatal crashes in 2018 and 2019, which killed 346 people. since then, congress, the department ofjustice, regulators, airlines and customers have demanded boeing raise its standards on safety and quality control. the change will allow boeing to have greater oversight and influence over spirit aerosystems, which has been criticised for its own share of quality control problems. that includes ill—fitting panels and improperly drilled holes. the all—stock deal was valued at $4.7 billion, or $8.3 billion, including spirit's debt. now it goes to spirit's shareholders and to regulators for approval. the european commission is going after facebook owner meta, saying its "pay or consent" advertising model is in breach of eu laws. under the tech giant's new service in the eu, users must either consent to receiving personalised ads or pay a monthly

fee to remove them. meta however contends that its eu advertising model is compliant, but could still face a potential fine of up to 1— percent of its global revenue a potential fine of up to 1 percent of its global revenue if the eu decides otherwise. turning our focus to china, the world's largest producer of electric vehicles. recently, the european union, and the united states, announced a series of tariffs on evs made in china. while their sales to the eu are still low, chinese ev makers such as byd and geely could face tariffs as high as 48% when they come into effect on thursday. china is still negotiating with the eu ahead of that deadline. nick marsh explains the view from brussels and beijing. before the euros started, many people in europe had never even heard of byd. now you can't miss their adverts plastered around the side of every pitch in germany. interestingly, though, volkswagen was supposed to be sponsoring this tournament, but they pulled out in their home country in order to try and save money. mercedes and other german

car—maker also turned mercedes another german car—maker also turned down the opportunity, and analysts are saying that's kind of emblematic of the wider picture. there's a perception that german brands have, um, you know, suffered the consequences of the emissions scandal, uh, covid and also slow ev sales. and there's a perception that that companies like byd have stolen a bit of a march on them in terms of their ability to develop affordable, high quality electric and hybrid vehicles. now the european union is worried about this. chinese electric vehicles are cheap. you see, nearly half the price of what a european made ev costs. the eu says that these cars will flood the market and european car—makers, well, they won't be able to compete, which ultimately means that european jobs will be lost. the eu says that these vehicles are cheap because the chinese government is subsidising car—makers unfairly.

so, tariffs on imported chinese evs are meant to level the playing field. that is how brussels sees it anyway. beijing is clearly not happy, and with good reason, because chinese companies need the european market quite a lot. right now the us, well, that's become a dead end because the biden administration has put on 100% tariffs. domestically, demand for evs in china seems to be slowing down a bit. so europe has become especially important as a potential market. and it's notjust china that's unhappy, by the way — big german car makers who sell to and manufacture in china, they hate the idea of starting a fight with beijing because, well, they fear the blowback. in any case, chinese companies will be in this for the long haul regardless. byd, for example, is building the first ever chinese car factory in europe, which will be in hungary. and that is exactly the kind of thing the eu wants to see more of. investment analyst olivier d'assier explained the possible impact these tariffs could have on the world's number two economy.

china has a few problems, it's slowing down, as a property problem, it has its major engines of wealth creation like the stock market and come of the stock market and come of the property speculation, even education have all kind of turned negative for people. so it's a little bit stuck right now, and trying to transfer its economy from a capital—intensive model to a concern where led model because of people can't raise enough wealth they can consume, it's trying to export its way out of this problem and obviously ev's, this problem and obviously ev�*s, china being me pretty much only country in the world that can manufacture ev�*s to scale is one way that they are going to try to do that. it going to try to do that. it puts them in quite a conundrum, quite a predicament. countries in the west seem to take a more action's stance. what are china's option then, where does it leave them with her ev industry?—

it leave them with her ev indust ? , . , industry? they are definitely auoin to industry? they are definitely going to try _ industry? they are definitely going to try to _ industry? they are definitely going to try to make - industry? they are definitely going to try to make a - industry? they are definitely going to try to make a deal. going to try to make a deal with europe, the us seems like a no, even under biden. i imagine if donald trump wins he said something about 200% tariffs. so clearly they are not going to be able to negotiate much with him but they are hoping that europe, especially given the eu's climate goal and climate targets, will allow or at least be more willing to discuss some alternatives like for example, building plants on european soil. ., , . ., ., , soil. consumer electronics is the in focus, _ soil. consumer electronics is the in focus, after _ soil. consumer electronics is the in focus, after a - soil. consumer electronics is the in focus, after a workers | the in focus, after a workers union announced it would go on strike until demands for better pay and time format. the national samsung electronics union as its known, comprises of 28,000 members, which is roughly a fifth of the south korean tech giant's workforce. this strike is set to begin on the 8th ofjuly. the union says more details can be expected on tuesday. are companies in south—east asia doing enough for their staff when it comes to mental

health and stress? according to a new report by seek, which runs employment platforms, the answer is no. although firms are offering mental health initiatives and flexible working hours, the report says employers can do more. singapore was singled out as the country with the highest levels of workplace stress among workers surveyed. joining us now is simran kaur 7 the regional director of seek. thanks forjoining us today. the report mentions singapore workers as being the most stressed. with the main reason for that was thanks for having me, steve. for that was thanks for having me. steve-— for that was thanks for having me, steve. ., _, , ., me, steve. parent company of... 2007000 — me, steve. parent company of... 2007000 organisations - me, steve. parent company of... 2007000 organisations to - 2007000 organisations to highlight the best practices across the region. you rightly pointed out 15% of organisations have categorised as high stress, most correspondence said the nature of their roles, pressure from management and lack of

recognition is the reason behind declining mental health. 0ne behind declining mental health. one of those things it's not just what's happening at work but for many people it's also what's happening in their home lives. �* , ., ,., what's happening in their home lives. �*, ., ., , lives. yet, it's also a broad spectrum _ lives. yet, it's also a broad spectrum when _ lives. yet, it's also a broad spectrum when it - lives. yet, it's also a broad spectrum when it comes i lives. yet, it's also a broad spectrum when it comes to describing or understanding what mental health really is but how would it perhaps manifests itself in the workplace for employees, can you give us some examples? i think one other thing we hear a lot in the market today is the term is silent quitting. many employees who are feeling stressed at work mightjust do exactly that, silent quit until the next good opportunity comes by. this definitely reduces the productivity of an organisation and overall of a team. how would you _ and overall of a team. how would you suggest - and overall of a team. how would you suggest companies look at how to address these things that could be happening and take into consideration their employees' well—being. support to address well—being

of their employees and really healthy working environment. employee assistance programme or eap like third—party accredited mental health alliance or other initiatives. less than half of our respondents stated that they are doing not very much to help them. for employees to have open conversations about how they feel and in situations are impacting them is really the starting point for organisations. starting point for oruanisations. , ., organisations. do you see more investment _ organisations. do you see more investment going _ organisations. do you see more investment going into _ organisations. do you see more investment going into human i investment going into human resources or human capital, those departments and organisations that will be looking into how to better look after their employees?- after their employees? yeah, definitely- — after their employees? yeah, definitely. i _ after their employees? yeah, definitely. i think _ after their employees? yeah, definitely. i think about - after their employees? yeah, definitely. i think about 46%| definitely. i think about 46% of companies that we have spoken to have stated some initiatives, some smaller, some larger to provide support to their employees, what's going to be interesting now is how employees respond to this being

available to them, any organisations continued to input this into their operating dna. is input this into their operating dna. , ., , ., ., dna. is there a stigma about mental health _ dna. is there a stigma about mental health in _ dna. is there a stigma about mental health in the - dna. is there a stigma about i mental health in the workplace, is that something that is something increasingly overcome perhaps? i something increasingly overcome -erha - s? ~ something increasingly overcome --erhas? ~' .,, ,, perhaps? i think the openness for employees _ perhaps? i think the openness for employees to _ perhaps? i think the openness for employees to be _ perhaps? i think the openness for employees to be able - perhaps? i think the openness for employees to be able to i for employees to be able to speak to direct line managers even to hr support team about how they're feeling at their mental state is something that is coming more and more acceptable. at sql we have employee assistance programmes that we've rolled out to all of our employees and their dependents and we feel if we look back at the data, people are taking advantage of this service that has been provided to alleviate any stress as they may have. to alleviate any stress as they may have-— to alleviate any stress as they ma have. ., ~ i. , . may have. thank you very much for our may have. thank you very much for your time — may have. thank you very much for your time today. _ we were expecting joe biden to speak shortly after the supreme court ruled that donald trump is partially immune from

criminal prosecution. will keep an eye on that on newsday, see you soon.

hello and welcome to sportsday — i'm hugh ferris. our top stories. portugal's penalty shoot out win. they beat slovenia to spare ronaldo's blushes as he misses one in extra time. back at wimbledon and winning again — defending champion carlos alcaraz is one of those through on day one. but will andy murray play in his swansong? we still don't know with his first round match a matter of hours away. hello again. portugal have their goalkeeper diogo costa to thank for taking them into the european championship quarter finals.