hello and welcome to business today. i'm arunoday mukharji. let's begin in the us, where the federal reserve has wrapped up its latest 2—day meeting, where policy makers kept the cost of borrowing rate steady between 5.25 percent to 5.5 percent. what was noteworthy though were the hints from chairjerome powell that a september interest rate cut could be on the table. those comments from his press conference pushed wall street higher, with all the major

indices closing in the green. the question will be whether the totality of the data, the evolving outlook, and the balance of risks, are consistent with rising confidence in the outlooks on inflation and maintaining a solid labour market. if that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in september. let's turn to boeing now. the planemaker has appointed a new chief executive to succeed dave calhoun who's stepping down. kelly ortberg, the former head of aerospace supplier rockwell collins, will take over next month as boeing struggles to overcome a series of challenges relating to its safety record and supply chains. the announcement came as boeing reported deepening losses in the second quarter of the year, making a net loss of $1.1; billion. aviation analyst mark martin weighed in on the new ceo

appointment, and whether this marks a turning point for the troubled company. kelly ortberg comes over from rockwell collins. his perspective as a hard—core engineering guy helps a lot. what's important is rockwell collins was in a similar situation to what boeing is at the moment, about 20 years ago. and rockwell collins has turned itself around and come up with a new range of avionic products and aerospace competence. so we have a guy who has ticked the boxes with a lot of the issues for boeing at the moment that rockwell had 20 years ago. he is not a pretty good job at rockwell. he took a major chunk of the aerospace passenger market, which is very, very radical three orfour years ago. so i think it is a good step for boeing, but the big

challenge for ortberg is where does he start? he he wait until customers get orders, or will he get down and dirty and rolled his sleeves up and start fixing the house? they will have to see how he takes up the key role. given boeing has been suffering a credibility crisis, i also want to get your thoughts in terms the broader industry given the developments around boeing and china and comac, its homegrown fleet. how viable is the option for carriers in asia? it has been pretty rough for boeing at the moment. there have been no takers for the 77 max. asia is going at a fast rate of 18—22%. post—covid, we need stable and reliable

aircraft and it isn't just boeing, and airbus, dealing with a lot of manufacturing issues. we know with the turbine engines and stuff. in the five years that comac has been going in asia, it has shown as very reliable. increasingly, garuda and some others are looking to bring in some comacs and see how it functions, more live, real trials of that aircraft type. but we are also on this seeing backdrop of us sanctions on chinese passenger aircraft which is a bit of a catch 22. comac has 80% of american competence, including ge, rockwell collins — so how do you embargo your own products? i think there has to be some balance that will come soon on this. what needs to be done by boeing and how long do you expect the losses to continue? very briefly, mark. boeing needs to get into his house, fix its manufacturing

process, get out there, win back the confidence of the traveller, airlines, pilots, flight attendants, engineers, because boeing at the moment is in embarrassment. and that — once you fix and sort that out, it isn't a pr exercise, you really need to fix the house. and that will need to orders. boeing has always been good. traditionally it's been good and focused on quality. the last 15 years have been lousy. they will have to work hard to get those orders back. earnings season continues in the us, with meta reporting after wall street's closing bell. the firm beat expectations on revenue and profit, sending shares up initially in after—hours trading. the firm's big bets in al were in focus. the bbc�*s north america correspondent erin delmore has more. the big story in tech lately is how investors want to know when the mega investments we have been seeing, especially in artificial intelligence, will start to pay out more than they are taking in. in a lot of cases, the investments are

looking like they're going to be a slow burn, and a bit of a cash burn. here's one example. meta announced that its reality labs posted a nearly $4.5 billion loss in the second quarter of the year. reality labs is the unit where meta is developing its metaverse technologies, including augmented reality, like we see in the quest vr headsets and the rayban smart glasses. wednesday's news brings the total losses for reality labs to about $50 billion. there is hard numbers between mark zuckerberg's big bets on metaverse is a technology of the future. the firm continues

to build out its reality labs unit and sees more losses to come. it is advancing its technology through facebook, instagram, and whatsapp. mark zuckerberg said in a statement that meta ai is on track to be the biggest use ai assistant by the end of the year. let's get you an update from india and softbank backed all electric is looking to make its initial public offering on friday. there is buzz around the listing as this is the first electric vehicle company to go public in the world's third largest automobile market. —— ola electric. here is our correspondent with more perspective. the company is looking to raise $660—$730 million through the anticipated listing. several investors have been big and are expected to make handsome returns. ola is a segment leader and commands nearly 35% of the country's ev two wheeler market share. it has seen its sales double in the last year, but is yet to report profits and has limited manufacturing experience compared to many other more established auto companies in india.

the court up has also courted several controversies including safety concerns after several bicycle went of in flames after catching fire. it will use the investment to grow and to pay off debt. there are plans for many more as the industry tries to keep up as the industry tries to keep up with demand. it is led to more thought about how to install the infrastructure. there is increasing interest in what design of charges work best. here is alastair keane. whatever will we read a story about electric vehicles the question of charging them always comes up. it is especially a problem for people like me who live in apartments and can't always get parked outside our buildings. so how

do you do on street charging? we are on our way to dundee to see a potential solution to the problem. hey, ollie.— see a potential solution to the problem. hey, ollie. hey, how are you? _ problem. hey, ollie. hey, how are you? discharge _ problem. hey, ollie. hey, how are you? discharge it - problem. hey, ollie. hey, how are you? discharge it does - problem. hey, ollie. hey, how| are you? discharge it does look like much _ are you? discharge it does look like much use _ are you? discharge it does look like much use of— are you? discharge it does look like much use of the _ are you? discharge it does look like much use of the moment. l like much use of the moment. that is the idea. when you don't need to use it it gives the streets clutter free. fine the streets clutter free. one ofthe the streets clutter free. one of the benefits _ the streets clutter free. one of the benefits of _ the streets clutter free. one of the benefits of the - the streets clutter free. one of the benefits of the charger going into the ground and come out when you needed? we going into the ground and come out when you needed? we know we need more — out when you needed? we know we need more charging _ need more charging infrastructure but i don't think we want permanent, unsightly pieces of infrastructure that stated there the whole time and so this is the best of both worlds. it hides away when not in use, so it doesn't impact people using the pavement but when you do need to use it it comes out of the ground. well,

this might _ comes out of the ground. well, this might seem _ comes out of the ground. well, this might seem like _ comes out of the ground. well, this might seem like a - comes out of the ground. well, this might seem like a fairly - this might seem like a fairly simple idea, but it has taken several years of trial and error to get to this point in the company claim it is the first of its kind in europe. it is always the things that look simple but actually the engineering that has gone into this to make a reliable charge point that works in all kinds of weather conditions has been incredible. and when you are dealing with mechanical, electrical components in very variable weather conditions, that has been a huge challenge, making sure that things don't get, i don't know, what in them, making sure that they work reliably, in all conditions, nice and sunny, windy, through snow and ice and rain. ~ ' , ., rain. with different parts of the world — rain. with different parts of the world setting _ rain. with different parts of the world setting targets i rain. with different parts ofj the world setting targets to phase out the sale of new petrol and diesel engines, the design races on to up with chargers that are practical and can be rolled out widely. and that is it for this edition

of business today. thank you for watching. stay with bbc news.

hey, i'm lola with the catch up. tonight, unis told to step up, an epic day at the olympics and panda gymnastics. but first, unis in england have been told to step up efforts to protect students from sexual harassment. the watchdog says it will introduce new standards which includes training for staff and students on what harassment is, having proper reporting systems and a ban on using nondisclosure agreements. it stopped short of a total ban on relationships between staff members and students, so what do students think? here's molly. i spoke to a student today today who told me she was sexually assaulted on her first day of freshies week. she said she didn't report it

because she didn't think anything would be done about it. she told me unis need to do more to protect students and that staff and students need to understand exactly what sexual harassment is and what consent really means. if you have been affected by any of these issues, search for bbc action line for help and support. to the olympics and team gb are celebrating two drama filled gold medals won minutes apart. team gb rowers to gold in the final minutes of the women's quad sculls, and we got gold in the triathlon. bmx freestyle also saw a medal. time for ten seconds of cuteness overload. two adorable giant pandas in china are showing olympic gymnasts how to do it with good moves and balance on a panda tower.

look at that perfect balance. so cute. you are all caught up now. have a great night. hello and welcome to sportsday. i'm gavin ramjaun. majestic leon marchand thrills the home crowd, with a two golds, on an historic night for him in men's swimming. a piece of history for america and katie ledecky, too, as she sets an olympic record in the womens 1500m freestyle. and japan continue to dominate in the men's gymnastics — but it's not the man you'd expect bringing home the gold, in the all—around. hello and welcome along to the programme.

it's been all about leon marchand in the pool on day