a $24—billion job creation plan. india unveils its first budget since narendra modi was returned to power amid growing concern over youth unemployment. plus the ball is back in amazon's court. warner matches its rival�*s bid in their multi—billion dollar tussle over nba basketball rights. we start with a nice problem to have. planemaker airbus says its got far more buyers than it can cater for. soaring demand means they're struggling to keep up with supply. it comes as rival boeing is battling a safety and quality control crisis. the world's top airlines and plane manufacturers are gathered at farnborough in the south of england for the annual air show. the boss of airbus has been speaking to our correspondent there, theo leggett. we are in a situation that is complex for everyone. the international situation is a rather complex one. a lot of our issues are coming from the supply chain, and that's

probably something that is common to the two companies. now there are plenty of differences as well. as far as airbus is concerned, we're trying to focus on our priorities and our customers. that's about delivering the ramp up in this quite complex environment, finding what i call the sweet spot between a very strong demand and the ability of the supply chain to follow in a safe and manner with quality at the centre. because the truth is, at the moment you've got more than 8000 planes on your order books. you're making them as fast as you can, but you can't really make them fast enough. indeed, we have more demand than the ability to supply. so it's a demand driven market at the moment, and we're working hard with our partners, supply chain, to try to catch up as much as we can in this environment. so that's indeed the situation. more demand than supply. quite a nice problem to have but one thatis quite a nice problem to have but one that is causing problems for the industry. let's talk to theo now. he is at the airshow. you have been talking to a lot of businesses, what

is the latest now? hot talking to a lot of businesses, what is the latest now?— is the latest now? not 'ust big businesses * is the latest now? not 'ust big businesses like fi is the latest now? not 'ust big businesses like airbus _ is the latest now? notjust big businesses like airbus but - is the latest now? notjust big - businesses like airbus but smaller ones who are looking to the future and one concept you will find pretty much everywhere at shows like farnborough is electric vertical take—off and landing aircraft which, to you and me, probably means electric air taxis which there are plenty of at the show, there is one which is owned by boeing, there is a british company, there was one from the united states and one from germany as well as a stand just behind me. we are lucky enough to have with us the chief operating officer from have with us the chief operating officerfrom one have with us the chief operating officer from one of those, tells about your plane. we officer from one of those, tells about your plane.— officer from one of those, tells about your plane. we are developing electrical vertical _ about your plane. we are developing electrical vertical take-off _ about your plane. we are developing electrical vertical take-off and - electrical vertical take—off and landing — electrical vertical take—off and landing jet, electrical vertical take—off and landingjet, we electrical vertical take—off and landing jet, we have them on the flaps— landing jet, we have them on the flaps of— landing jet, we have them on the flaps of the main wing and it has up to six— flaps of the main wing and it has up to six passengers for 175 kilometres

roughly _ to six passengers for 175 kilometres rou~hl . ., �* to six passengers for 175 kilometres rou~hl. g ., ., , roughly. you're not the only ones doinu roughly. you're not the only ones doin: the roughly. you're not the only ones doing the sort — roughly. you're not the only ones doing the sort of— roughly. you're not the only ones doing the sort of thing, _ roughly. you're not the only ones doing the sort of thing, we - roughly. you're not the only ones doing the sort of thing, we have l doing the sort of thing, we have mentioned a few names, there are a few others. it is quite noisy, we have eight aircraft taking up behind you as we are on an aircraft after all. a lot of people out there are spending a great deal of money with no one actually flying yet, why should you succeed but others are not? , ., ., , ., should you succeed but others are not? , ., s should you succeed but others are not? , ., . ., , should you succeed but others are not? , ., . ., ., not? good question. we are lucky to have an authority _ not? good question. we are lucky to have an authority helping _ not? good question. we are lucky to have an authority helping us - not? good question. we are lucky to have an authority helping us certify l have an authority helping us certify the aircraft — have an authority helping us certify the aircraft who has been certified since _ the aircraft who has been certified since 2020, we are working hard with more _ since 2020, we are working hard with more than _ since 2020, we are working hard with more than a — since 2020, we are working hard with more than a thousand employees, we have engineers, we raised $1.5 billion, _ have engineers, we raised $1.5 billion, we — have engineers, we raised $1.5 billion, we have a lot of aerospace experience — billion, we have a lot of aerospace experience to get to the finish line and commercially speaking we have a lot of traction with people signing firm orders. the market is really endorsing — firm orders. the market is really endorsing the work. fine firm orders. the market is really endorsing the work.— firm orders. the market is really endorsing the work. one order from saudi arabia — endorsing the work. one order from saudi arabia is _ endorsing the work. one order from saudi arabia is quite _ endorsing the work. one order from saudi arabia is quite important - endorsing the work. one order from saudi arabia is quite important as l saudi arabia is quite important as well because you're running through hundreds of millions of dollars per

year. you will not do manned flight until next year so this is high risk stuff for you, isn't it? it is until next year so this is high risk stuff for you, isn't it?— stuff for you, isn't it? it is if ou stuff for you, isn't it? it is if you look— stuff for you, isn't it? it is if you look from _ stuff for you, isn't it? it is if you look from the _ stuff for you, isn't it? it is if you look from the outside . you look from the outside perspective. we will be doing the first piloted flight, maiden flight of our— first piloted flight, maiden flight of our aircraft, early next year. we are seeing — of our aircraft, early next year. we are seeing people looking to our journey— are seeing people looking to our journey and when you start flying it is the _ journey and when you start flying it is the end — journey and when you start flying it is the end of that journey and youhe — is the end of that journey and you're talking to government as well, _ you're talking to government as well, the — you're talking to government as well, the german and french governments, it is in the news, they are helping — governments, it is in the news, they are helping us and we expect to get some _ are helping us and we expect to get some subsidies and financial support to get— some subsidies and financial support to get to _ some subsidies and financial support to get to the finish line. and some subsidies and financial support to get to the finish line.— to get to the finish line. and then ou have to get to the finish line. and then you have to _ to get to the finish line. and then you have to start _ to get to the finish line. and then you have to start building - to get to the finish line. and then you have to start building new - you have to start building new things and get them to your customers which is a whole new part of the business, isn't it? there you go. and that is not the only manufacturer in the field. they are generating a lot of cash for the ideas but getting them into production is much more different

and not all of them will survive. to india now — where in the last few hours the government of narendra modi has been unveiling its budget for 2024—5 — the first since it began a third term in office. the country's finance minister has announced they'll invest two trllion rupees — that's 2a billion dollars — in job creation and skills over the next five years. a lack ofjobs for india's a0 million young people — as well as soaring inflation— was one of the issues that saw the ruling bjp party lose its overall majority in recent elections — forcing it into coalition. make let's go live make to delhi where my colleague archana shukla joins us from outside the parliament. + we've heard about two trillion rupees forjob creation. -- is it —— is it enough? it is that the priority for the government in a third term, the focus is on job creation and keeping their political allies in good humour because that

is being required to stay in power in the parliament so we saw the $24 million repeat out war break out way -- $24 million repeat out war break out way —— $24 million outlay. they will need to create 80 million jobs every year if it has to be a power with economic growth agenda and this is probably the first step for the government and a clear indication they have looked into this issue and are working on it to job creation being a large section of the government, and the second being a large outlay of new roads, railways, medical colleges and infrastructure projects being announced for a state and financial packages well, two of the bigger political allies for the government. there are also some tax tweaks being done to help the middle class get more money in their hands and remember inflation is quite high in price rises have been affecting

household budgets especially good inflation hurting and this is the government's way of helping the poor and middle class but the tax breaks on investors was bad news. the profits booked on the stock market and the trading has been taxed at a much higher rate in the and long term and we saw the stock markets being impacted. there has also been a push on promoting more manufacturing especially in the small and medium scale to get them more loans because that is also a sector that could help generate a large—scale job creation and the government has definitely set a pace of some of the priorities but it is only the fine print in the coming days that will assure us whether it is another not.— days that will assure us whether it is another not. ., ,, , ., , . is another not. thank you very much, we will talk — is another not. thank you very much, we will talk to — is another not. thank you very much, we will talk to you _ is another not. thank you very much, we will talk to you later— is another not. thank you very much, we will talk to you later as _ is another not. thank you very much, we will talk to you later as we - we will talk to you later as we start to get more detail and reaction to that massive budget unveiled by the indian government and laying out the key challenges for the economy ahead.

in the us, financial markets are weighing up the news that vice president kamala harris has secured the support needed to become the democratic party's nominee for president. speaking to supporters at her campaign headquarters in delaware ms harris insisted she could win the election against donald trump — but said there was a lot of work to do. the prospect of a tighter race after president biden's withdrawal has meant investors rethinking their bets on a trump landslide. we spoke to fiona cincotta from city index — who explained the �*trump trade' — and how it is being unwound. last week, this trump trade, which basically saw the us dollar rise and also longer term treasury, us treasury yields rise. they tend to follow the trajectory and expectations for growth and inflation because there's this idea that sort of another trump administration, trump in the white house again, would with his protectionist policies could be inflationary. and now we're seeing that sort

of trade being unwound this week as those expectations that kamala harris would be sort of, offer more competition to trump and sort of, as you said, bring a tighter race. so we've seen the us dollar falling lower, and also those treasury yields coming under pressure as a reflection of those sort of changes of expectations. and i think this just really highlights the uncertainty now that really surrounds the, uh, the elections as we head towards november. computer security firm crowdstrike became a household name for all the wrong reason last friday — after it caused a global it outage. its shares have continued to plunge — despite a general recovery on wall street — as some companies struggle to fully restore their systems. 0ur north america business correspondent, erin delmore has the latest. if you looked at crowdstrike's stock performance last week, before the worldwide it meltdown, you would have seen shares up nearly 40% this year. now, a different story. shares closed down more than 13% monday, marking a more than 30% drop over the last five days. it's the result of what's

being called one of the worst it outages in history. around 8.5 million microsoft windows computers around the world crashed last week because of crowdstrike's faulty content update. that led to chaos for global travel, banking and health care services. and firms are struggling to recover. us—based delta airlines cancelled hundreds of flights on monday after cancelling thousands since friday. other carriers were able to return to near normal levels of operation. crowdstrike's chief security officer shawn henry called the incident a gut punch for the firm, which serves some 29,000 customers, including some of the biggest companies and government agencies in the world. there is a multibillion dollar tussle over basketball rights in the us. warner bros discovery, whose tnt sports network has traditionally been the home of the nba — is facing a challenge from amazon prime which wants the rights —

and has offered a staggering $1.9 billion dollars a year. but because of its four decade long relationship with the nba. warner had the opportunity to match it and it has now done so. jawad hussain is media & entertainment director at s&p global ratings. we asked him whether as the price spirals higher sports fans care who owns these rights. nobody likes change and as a basketball fan myself you want to see continuity but i think at the end of the day that the sports product is what people love and if you look at amazonia on thursday night over time, that has continued to grow its audience, so i think the only difference with this particular case is how beloved the nba post and pregame show is with shaquille

0'neill pregame show is with shaquille o'neill and company, so that is one kind of different factor because those guys have become their own brand and that is specific to tnt but beyond that, these ports are what drive it and i think consumers have shown they are willing to adapt. let's show you the numbers. they were there, now they are not. that is what europe is doing right now. slightly stronger and we spoke about some nervousness in the us not translating to your right now. $82 per barrel. you're up to date. see you soon.

hello from the bbc sport centre, i'm anne—marie batson. we start with the olympics — with just three days to go until the opening ceremony in paris.

in an exclusive with the bbc interview, the president of the international olympic committee thomas bark has said that —— of the international olympic committee thomas bach has said that climate change represents an "extremely serious threat, not only for sport, but for all our lives," the organising committee of paris 2024 has vowed to make these olympic games the greenest games in olympic history, and bach says that it is important that athletes use their voice for change. it is extremely important because the athletes are the best in the business. forall these the athletes are the best in the business. for all these initiatives, they find the best response and they are the ones that can really convince the millions of people around the world and there i can give as many interviews as i want to

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