and we take a look at a fuel efficient, and more environmentally friendly motorcycle powered by compressed natural gas. a world first. welcome to business today. i'm sally bundock. the saying goes "markets hate uncertainty" but that's just what the french parliamentary elections have delivered. as you've been hearing with most votes counted an unexpected left—wing victory means france is heading towards a hung parliament and rocky talks to form a government. a left wing alliance called new popular front won most seats in the high—stakes snap election. the unexpected result dealt a severe blow to marine le pen�*s national rally party which this time last week looked set to win. now investors are weighing up what this means for the french economy — the second

largest in the eu. joining me now is alexandra roulet, former economic advisor to president macron, now assistant professor of economics at insead business school. good to have you on the programme. first of all, your reaction to this results. like most french _ reaction to this results. like most french people, - reaction to this results. like most french people, i - reaction to this results. like most french people, i was l reaction to this results. l «e most french people, i was very surprised and pleasantly surprised and pleasantly surprised and pleasantly surprised and relieved by the fact that the extreme right he was projected to win an absolute majority, meaning 285 seats actually won just half of that. it is a very big surprise and relief competitor to what pauls had predicted, not only did they not when an absolute majority but actually came third which means it is really the main this defeat basically.

absolutely but what now? many looking at different economy and thinking with a left—wing majority seemingly in government and it is not a majority, they are all going to have to work together but it will mean a lot of ideas are gone doesn't it? it will mean a lot of ideas are gone doesn't it?— will mean a lot of ideas are gone doesn't it? it is true the left composed _ gone doesn't it? it is true the left composed but _ gone doesn't it? it is true the left composed but the - left composed but the presidential group came second, actually quite close to the left. nobody has an absolute majority and now the question as to how to make a coalition given in the economic programmes are very different between them, the new left—wing which programme was written very quickly because they came up very quickly because they came up with this alliance just after the president called for after the president called for a snap election, they wrote the programme and just a couple of hours. the programme is very

radical. it is notjust left—wing, it is radical left. as you said, the presidential coalition is much more pro— market and much more centred. one of the big divide between these two political groups is for instance when it comes to fiscal policy. it left a new popular front has in fiscal policy. it left a new popularfront has in its programme the decision to rely heavily on taxation in order to finance a whole bunch of things whereas the president has always committed not to increase taxes. a big line of the vote that would make it hard for the two groups to work together. however, there will have to be compromised. we are not used to this in the french political system usually we have an absolute majority for one party or the other but this is what the french people want. politician leaders will have to adapt to that.— politician leaders will have to adapt to that. you worked with

emanuel macron, _ adapt to that. you worked with emanuel macron, taught - adapt to that. you worked with emanuel macron, taught me i adapt to that. you worked with i emanuel macron, taught me what is going to his mind. who will be prime minister is not clear in itself. did he make me wait cold going with this snap election? ——be right call. maybe not have done something like this. the reason being the fact we have not an absolute majority but we still managed to pass quite a few legislative bills. some of them were passed through the equivalent of executive order which of course is not great for democracy. some of them were passed through regular votes. i think quite a lot of reforms and bills were passed. in that sense, i think the government was still functioning. it could have gone a bit further. that said it was also true president had been elected against the

extreme right. a lot of people voted for the president without necessarily voting for his programme and so they were annoyed the programme was just being implemented as if edward had voted for it. in that sense it was also good to give again a voice to the people. however, in this election the same thing happened. a lot of people voted in the second round against the extreme right, whatever the party was against the extreme right in the constituency. a lot of right wing people voted for the left, a lot of left—wing people voted for the right. now, the clear message is a lot of french people did not want an extreme right prime minister are not exactly clear what kind of policies the french people wanted. i think they want a bit of a mix that is not extreme right basically. they certainly have a mix. we

will see how it pans out. thank you for your thoughts on that. so let's focus on the market reaction so far. the euro has slipped in value on the outcome of the election. the european markets will start trading injust over two hours time and for europe this is the second big election in a week with investors still digesting the landslide victory for labour in the uk. chris beauchamp is chief market analyst at ig. good morning. another busy week for you then? fix, good morning. another busy week for you then?— for you then? a lot going on in the ast for you then? a lot going on in the past week. _ for you then? a lot going on in the past week. the _ for you then? a lot going on in the past week. the french - the past week. the french nation taken centre stage with markets going forward. we know there would be a large majority. the surprise when by the fire left will dominate the news for the next few days at least. ., , ., , least. how will investors interpret _ least. how will investors interpret this? _ least. how will investors interpret this? when - least. how will investors i interpret this? when paris least. how will investors - interpret this? when paris does to trade today?— to trade today? looking at is liuhtl to trade today? looking at is lightly positive _ to trade today? looking at is lightly positive "european . lightly positive "european

markets. the thing to take away from this is yes, the fire lept up from this is yes, the fire lept up come first but any government formed will have to trim its more radical policies. we have to see exactly the composition. overall, markets will be content if you get the government that is not too radical, certainly not pyrite certainly not fire left either because they need to govern the coalition. in because they need to govern the coalition. ,., ._ , because they need to govern the coalition. , ., ~ , coalition. in some ways markets seeinu coalition. in some ways markets seeing this _ coalition. in some ways markets seeing this as. _ coalition. in some ways markets seeing this as, there _ coalition. in some ways markets seeing this as, there is - seeing this as, there is difficult negotiations ahead in terms of how this government operates going forward. but because no party has such a big majority, there will not be any nasty surprises or anything unexpected that markets do not like. in unexpected that markets do not like. , ., ., like. in the short term, no. you will — like. in the short term, no. you will get _ like. in the short term, no. you will get probably - like. in the short term, no. you will get probably some coalition. how long that lasts is another matter. evidence falls apart and maybe macron has to step in and form a different government. in the long—term, in the next year 5 years or so, france is much

position get divorced. a lot of reforms were designed to improve the quality sure that position and they make it rolled back which does cause problems for the longer term outlook for the french economy. in the short—term, markets will take this relatively calmly. and quickly, before i let you 90, and quickly, before i let you go, there is a lot of chat in markets about the us and what is happening there, whether president biden will stand or not, what that means the outcome. markets are preparing for a trumpet presidency, are they? i for a trumpet presidency, are the ? ~ , for a trumpet presidency, are the ? ~' , ., for a trumpet presidency, are the ? ~' , . they? i think they are. i can see be polling _ they? i think they are. i can see be polling he _ they? i think they are. i can see be polling he is - they? i think they are. i can see be polling he is edging| see be polling he is edging ahead and a lot of potential democrats that will replace biden. in some ways it does not change the outlook. eight years ago there was a lot of uncertainty. the sum along a lot more sanguine. interesting, thank you _ lot more sanguine. interesting, thank you very _ lot more sanguine. interesting, thank you very much. _ lot more sanguine. interesting, thank you very much. see - lot more sanguine. interesting, thank you very much. see you | thank you very much. see you again soon. have a good week. thank you. well, let's focus on the week ahead here in the uk. the new government led by sir keir starmer did promise

it would hit the ground running. today chancellor rachel reeves is hosting business leaders at the treasury where she will outline the governments plans to kickstart economic growth. in her first speech as chancellor rachel reeves will promise to make this a "national mission" and say that with political turmoil in france and the us, britain is now back as one of the most stable places for international investment. it sounds big on promises but will the devil be in the detail? louise hellem joins me now, chief economist at the cbi. are you going to be treasury later today? are you there? {eat} later today? are you there? ceo aidan smith _ later today? are you there? ceo aidan smith will— later today? are you there? (ec aidan smith will be the. later today? are you there? ceo aidan smith will be the. what i aidan smith will be the. what do ou aidan smith will be the. what do you want _ aidan smith will be the. what do you want to _ aidan smith will be the. what do you want to hear? - aidan smith will be the. what. do you want to hear? businesses want to see _ do you want to hear? businesses want to see the _ do you want to hear? businesses want to see the laser _ do you want to hear? businesses want to see the laser focus - do you want to hear? businesses want to see the laser focus on i want to see the laser focus on growth and the new government and it looks like as you say, they are getting off to the

ground running on that and we will be watching with great interests, rachel reeves speaks today. one of the big things is that she is likely to talk about the planning system in the uk and that is definitely a big area we need to see move in order to unlock private sector investment in the uk. that will be good to see.— be good to see. she will deliver the _ be good to see. she will deliver the speech, i be good to see. she will deliver the speech, they be good to see. she will i deliver the speech, they are talking about bold action, she is seen it will be a national mission to restore economic growth or boost economic growth and that is needed because they need the money coming in and ordered to pay for the other things they promised. that is ri . ht. things they promised. that is right- we _ things they promised. that is right. we have _ things they promised. that is right. we have gone - things they promised. that is right. we have gone through | right. we have gone through many years in the uk where we had low growth and that is particularly, we had low growth, low investment, low productivity. that is because a lot of issues —— has caught a lot of issues —— has caught a

lot of issues with lower living standards for people and on public finances will visit we have been talking to the new government about the need to make sure we have this laser focus on growth. that needs to be done in connection with the private sector because it is going to be the private sector business investment that will do that investment and hopefully get growth going in the country. it hopefully get growth going in the country-— the country. it is easier said than done- _ the country. it is easier said than done. it _ the country. it is easier said than done. it is _ the country. it is easier said than done. it is easy - the country. it is easier said than done. it is easy to i than done. it is easy to promise but when in government it is hard to deliver and overhauling planning system which is one aspect of this. it will be notoriously difficult, won't it? it will be notoriously difficult, won't it? , won't it? it is something we have known _ won't it? it is something we have known we _ won't it? it is something we have known we needed i won't it? it is something we have known we needed to i won't it? it is something we | have known we needed to do won't it? it is something we i have known we needed to do for a long time and that has not happened. there is an opportunity with a new government that they can take those kind of bold steps are needed. we will be watching with great interest today, how they are translating some of those promises into action. some other areas we need to see as well as business really want to see a lot more certainty in

the uk political environment and policy environment. some of the other things they can do is commit to a tax roadmap as well to provide more certainty for businesses and talked as well about reforming business rates and that is something again we have been talking to them in great detail about because that is a big interest to our members. is a big interest to our members— is a big interest to our members. ~ . ~ ., members. we talked about the chancellor. _ members. we talked about the chancellor, everyone _ members. we talked about the chancellor, everyone is - members. we talked about the chancellor, everyone is busy i chancellor, everyone is busy right now, the prime minister is in northern ireland as part of his tour of the united kingdom. that was his top priority. david lammy on a winter trip around europe talking about resetting the relationship with europe. your thoughts on that? how important that is. , , thoughts on that? how important thatis. ,, ., thoughts on that? how important thatis. , , ., that is. this is important both in terms and _ that is. this is important both in terms and whether- that is. this is important both in terms and whether the i that is. this is important both in terms and whether the uk| that is. this is important both i in terms and whether the uk can be an important global player and one of the big areas uk in the past have been leading the charge on is a race to net zero. we would love to see the uk going to be forefront of

that race again, quite a lot of global competition. they also set out it is important to make sure we have growth going in every nation and region of the uk. it is great to see not only those visits you mentioned but also talk about getting the mayors together across the uk to make sure we have growth going in every single region. thank you. let's get some of the day's other news now. workers at samsung electronics are set to go on a three—day strike. this is only the second time in the company's history the union has taken industrial action. last month, employees took paid leave on the same day, so this week's strike is a significant escalation. workers are demanding better pay — especially given the firm's strong performance recently. negotiations about the future of the tata steel plant at port talbot in south wales have begun between the new government and the indian owners of the business. the company's decision to close the blast furnaces, and switch to greener production, puts nearly 3000 jobs at risk. it's understood any government

support would involve somejob guarantees. when we come back, we take a look at a fuel efficient, and more environmentally friendly motorcycle powered by compressed natural gas. a world first. around the world and across the uk. this is bbc news.

you are with business today. we bringing you breaking news in business, that been a decision regarding boeing. it has agreed to plead guilty to a criminalfraud conspiracy charge to resolve a usjustice department investigation linked to two 737 max fatal crashes. us prosecutors recommended that the department ofjustice brings criminal charges against the plane maker. it follows a claim by the do] that boeing had violated

a settlement related to the two fatal crashes involving its 737 max aircraft, which killed 346 people. boeing has previously denied violating the deferred prosecution agreement. the do] also said the plane maker had agreed to pay a criminalfine of $243.6 million. live now to john strickland, airline analyst atjls consulting. good morning. we were expecting news at this time today on this. boeing agreed to plead guilty, is that what you were expecting? it guilty, is that what you were meeting?— guilty, is that what you were expecting? it was not clear to be honest _ expecting? it was not clear to be honest which _ expecting? it was not clear to be honest which way - expecting? it was not clear to be honest which way it - expecting? it was not clear to be honest which way it would | be honest which way it would go. certainly this way is a tidier solution and avoid getting into a protracted legal battle. on the other hand it would look at the families of those victims of the two crashes of the max aircraft,

they will be missing a federal judge to overturn his guilty plea today. if judge to overturn his guilty plea today-— plea today. if it is not overturned, - plea today. if it is not overturned, a - plea today. if it is not overturned, a boeing| plea today. if it is not i overturned, a boeing it's plea today. if it is not - overturned, a boeing it's best the company a contentious trial that could have exposed many of the companies decisions leading up the companies decisions leading up to be fatal max plane crashes. that is really why you think boeing is agreeing to this at this point, certainly they will want to limit exposure but having said that, it only placed a period before the accident and recently this year we have the incident of the alaskan 77 aircraft with the alaskan 77 aircraft with the alaskan 77 aircraft with the alaska emergency door detached midflight which put the spotlight back on boeing was we saw in recent senate hearings including an intense grilling at the outgoing ceo. this plotline is not following are not often for reasons that would wish. it very much focuses on their performance and an inadequate controls. the

ceo will step down by the end of the year. all of the into commercial terms 50 less accurate plan right now. they will have to make deliveries of plants and means they cannot focus on the future in terms of producing new models which leaves them exposed to decades ahead. �* ,., leaves them exposed to decades ahead. �* . . leaves them exposed to decades ahead. ~ ., ., , , ., ahead. also ahead, guilty plea. potentially _ ahead. also ahead, guilty plea. potentially threatening - ahead. also ahead, guilty plea. potentially threatening boeing | potentially threatening boeing ability to secure a lucrative contract elsewhere with the government with a nasa for example, do you think? that is my understanding _ example, do you think? that is my understanding of— example, do you think? that is my understanding of the - example, do you think? that is my understanding of the legal. my understanding of the legal situation. equally back can be waivers put in place and i am sure boeing would have discussed about because military workers are fundamentally an important part of the business along with its commercial aircraft production. what do you think the outlook is for boeing? it has had such a shocking year this year for so many different reasons ticking off with that plate of

the door blowing off the plane in january. talk the door blowing off the plane injanuary. talk us through the outlook of this company now. it is a strange situation and is much as all the books are solid, they are having delays in delivering the aircraft which are allies are frustrated about. it is affecting la capacity for many airlines this summer. new models such as the boeing triple seven x or eight or nine which has been the long haul model which should not be out or in—service credit with five years have not gone through their full flight testing programme. we are looking further forward, there are no new models on the books after that, are no new models on the books afterthat, normally are no new models on the books after that, normally a—line manufactured plan to get ahead. with the al planning into the 20 305 with the al planning into the 20 30s and possible hydrogen power and smaller li. they are exposed in terms of the longer

timeframe. by now the la customers are forced to stick with it because our bus to has its own delivery challenge, not in the magnitude boeing does and is the focus a bit more on future strategic objectives. thank you very much for your board on that. india's bajaj auto has launched the world's first cng—powered bike. its fuel efficient, and more environmentally friendly which the company says will get more people to make a shift to using this technology in the coming years. nikhil inamdar sent us this report from the launch this is a globalfirst. a motorbike that runs on compressed natural gas or cng. launched by india's bajaj company. from cars, to tuk—tuks, cngs have existed for a while. this is the first time this technology has been introduced on a two—wheeler.

there have been numerous pilots that have never come to market. bajaj seems to have succeeded after years of trial and error. having a stand—out design. why has it taken so long? unlike cars where there is a lot of space with which you can play around, in a motorcycle, space is limited. then you have the cng time, a normal empty petrol tank, is five kilos, this one has a tan thank is three kilos. very challenging to package. the bike's flexible fuel option allows riders to between petrol and cng. bajaj claim that cng rafahs the running cost of the bike which it hopes to appeal to india's price—conscious buyer. it brings co2 emissions down by a quarter. there will be challenges to adoption in a country where cng infrastructure is limited. you will have to stand in line. there won't be a separate queue

for bikes for a while. it's not the duration, how often you have to fill but standing in the line will be the big challenge. the company's immediate focus is to serve the big indian market and then ship to africa where its bikes and tuk—tuks are popular already. citizens injapan's capital city have just re—elected yuriko koike for a third term as the governor of tokyo. it's a key election because tokyo is an economic engine of japan. live now to our asia business hub where our tokyoite colleague, mariko oi joins us. talk us through why your hometown is so crucial to the country's economy? the election almost turned into

madness with a record 56 candidates including french figures and influences basically seeking exposure including a man dressed as the joker who supported freedom of sexual expression including advocating for polygamy to help with the birth rate. the government receiving around 3 million voters or 43% of the votes. when you look at who voted for her, she was still very popular among all voters. she continues to be in charge of a huge economy so let's put that into context. a city of 13.5 million people, tokyo is home to a 10th ofjapan's population and its economy account for the pit of the country �*s gdp. that is approximately the same size as the economy of netherlands. she will have an annual budget worth $100 billion at our

disposal as the city continues its push to be ages main financial centre. competition has been rather stiff with the likes of hong kong or here in singapore as alternative hubs. the biggest challenge is a huge difference in the tax rate between the japanese capital and hong kong or singapore. the weakness of the japanese yen does make the country an attractive tourist the cenation. —— tourist destination. cenation. -- tourist destination.- cenation. -- tourist destination. ., . as she mentioned, there is so much going on, began once again making headlines for being so weak but if we have a look at markets, you can see the yen they are and also on the move is the euro, slipping versus the us dollar. significantly, downjust 0.2% versus the us dollar. significantly,

down just 0.2% versus the dollar. in reaction to the outcome of the french parliamentary elections which look like no party has a majority and therefore it is a hung parliament and rocky negotiations ahead as political leaders try and form alliances and come some sort of answer to what voters have asked for it. that brings to a close to the programme, they go so much for being with us. i am sally bundock, bbc one viewers joining breakfast at the top of the hour. if you're watching us around the world, i will see you shortly. hello there. sunday brought a volatile mix of weather across the uk — sunny skies one minute, thunder clouds the next, ominous—looking skies across lincolnshire through sunday afternoon. most of those showers are actually easing away and we've got clearing skies

and that's going to allow those temperatures to fall away. so a chilly start to monday morning, but lots of sunshine around. however, this cloud will arrive later on in the morning. it's going to bring some rain, some of it heavy, across south west england. the cloud gradually drifting its way steadily north into south wales and the midlands. but further north of that, we keep the sunshine for much of the day. there will be a scattering of showers and some of these slow—moving, because the winds will remain light, and it's still a disappointingly cool story across the far north of scotland — only 12 or 13 degrees. highest values, perhaps close to the borders, of 19 degrees. a few isolated showers into northern ireland and northern england, but mostly bright skies, sunny spells coming through. so there's our showery rain, just pushing into wales in the midlands and south east england by the end of the afternoon, so that means there's a risk of further showers to come for wimbledon, i'm afraid, for monday, maybe some thunderstorms to come for tuesday as well. the thunderstorms tuck in behind this low pressure as it continues to move its way

further north during the early hours of tuesday morning. so we will start off with cloud and some heavy bursts of rain during the early hours of tuesday. and by the morning rush hour, it'll be sitting across northern england, north wales. so cloudier skies, perhaps, close to the scottish borders. not quite as cold a start on tuesday morning. so we've got that rain to continue to drift its way northwards on tuesday, should stay largely dry for much of scotland through the day, and then behind it, a southerly wind dragging in slightly more humid air, which could trigger off a few thundery downpours as we go through the afternoon. top temperatures, around 21 degrees across england and wales, perhaps. we're looking at around 16—18 further north. that low pressure will continue to slowly ease away, and then as we go later into the week, desperately trying to build in, is this high. there is still a level of uncertainty as to whether that will do so, but hopefully as we move towards friday and into the weekend, the weather story mightjust quieten down just a touch.

good morning and welcome to

breakfast, here are headlines. as sir keir starmer begins his first week in power with a visit to northern ireland and wales, as his new government announces a raft of measures on health and immigration. meanwhile, rachel reeves will promise to make economic growth a national mission in herfirst speech as chancellor. but she admits there isn't much money to play with, so how will she create that big bang the economy needs? we will speak with businesses, charities, and those filling the sharp edge of the squeeze. celebrations and protests in paris. their surprise election result trips uncertainty in france is no party has a majority. england fans will be gathering in dortmund ahead of wednesday's euros semifinal. meanwhile, a huge moment for racing fans, as lewis hamilton wins the british grand prix, his

first f1 victory in three seasons.