boeing announces it will buy spirit aerosystems in a bid to improve the safety of its planes. as the eu's 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 deal. the move comes after months of renewed scrutiny

on the aerospace giant, after a door plug blew off a boeing jet mid—flight in january. 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. they said they expected a financial hit. the la group says international visitors are avoiding paris

——in a statement. 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% of its global revenue if the eu decides otherwise. some top ev makers have reported strong vehicle delivery numbers for the second quarter of the year. recently the industry has been in the hot seat with both the eu and us announced a series of tariffs on evs made in china.

they say they 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 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, 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, has a property problem, it has its major engines of wealth creation like the stock market and 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 evs, china being me pretty much only country in the world that can manufacture evs to scale is one way that they are going to try to do that. it puts them in quite a conundrum, quite a predicament. countries in the west seeming to take a more protectionist stance. what are china's option then, where does it leave them with her ev industry? they are definitely 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. consumer electronics is the in focus, after a workers union

consumer electronics is in focus, after a workers announced it would go on strike until demands for better pay and time are met. 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 eighth ofjuly. the union says more details can be expected on tuesday. india's manufacturing sector has seen a rebound in the month ofjune, which has also led to the fastest rise in hirings in nearly 20 years. but is the job growth sustainable? the bbc�*s india business correspondent archana shukla takes a look. it's a robust demand of goods across sectors, and more export orders that have driven manufacturing growth across factories in india in the last four months, and june has seen another uptick. now, if you have to manufacture more, you need more people

on the shop floor, and that is reflected in the hiring trends. much of this increase in manufacturing jobs would be contractual and in engineering driven sectors like automobiles, electronics and capital goods, and this would give some respite to prime minister modi's government, as creating jobs is the biggest challenge he's facing in his third term as prime minister. he has long positioned india's factories to fuel growth. but despite india being the fastest growing major economy in the world, this growth has largely come from government sector spending in infrastructure development, and the growth has also paralleled a sharp rise in unemployment in the last two years, especially post covid, more workers have moved out of factoryjobs and have gone back to agriculture for manufacturing jobs to sustainably rise. economists say hundreds of new factories need to come up, and for that, private sector investments that have lagged for years now need to be revived. a government policy to push

for that would be imperative. 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 — the regional director of seek. 2700 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. 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. 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 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. food for thought on that brings us to an end for business today. you again the same time tomorrow.

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.