style pension model for local government in the uk. but who will benefit? it's 3 mickey mouse business — disney's streaming business turns a profit for the first time. and with our summers getting warmer, how do we secure enough drinking water to quench the thirst of an ever—growing global population? live from london, this is business today. good to have you with us. we start with boeing as a new boss takes the helm of the plane maker today and this comes as a us regulator says it will conduct a safety culture survey of boeing employees at its 737 max factory in renton washington. the chair of the national transportation safety board made the announcement due to a series of safety failures and concerns over construction processes following two deadly

crashes in 2018 and 2019. last month it was announced that aerospace executive kelly ortberg would today replace dave calhoun as boeing's chief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. joining me now is sally gethin a global aviation and travel a nalyst. talk us through what is at stake here. we talk about this culture of the inner moment but just to put in perspective for you viewers, what a year it's been, with a door blowing off in alaska airlines plane in january and from then on, it's just been a disaster headline

after disaster, hasn't it? absolutely. boeing has been blighted by a series of catastrophic errors with its aerospace business and particularly the boeing 737 max 9s which as you will remember was responsible for the loss of hundreds of lives back in 2018 and 2019. by literally, this instant with alaska airlines, blew the lid off let alone the door of the particular aircraft. it was a miracle that was no loss of life as has recently been evidence in the testimony provided in the ntsb hearing over the last couple of days when flight attendants admitted that they were so concerned that there was loss of life. since then, there have been no end of investigations and also, the place to criminal probe has to pay a huge multimillion dollar lawsuit to the government and to the next

of kin. ,, ., the government and to the next of kin. ., , �*, the government and to the next of kin, ., , �*, ., of kin. so, for kelly, he's got a tou~h of kin. so, for kelly, he's got a tough job — of kin. so, for kelly, he's got a tough job on _ of kin. so, for kelly, he's got a tough job on his _ of kin. so, for kelly, he's got a tough job on his hands, - of kin. so, for kelly, he's got i a tough job on his hands, what a toughjob on his hands, what do we know about him and when it was announced that he was appointed as the boss of boeing, what was the reaction of the time?— of the time? so, so far, it's been very — of the time? so, so far, it's been very positive - of the time? so, so far, it's been very positive reaction. what boeing needs is a steady hand at the tiller now to calm the waters, to steer it through all this turbulence that is currently undergoing because it's not out of the woods yet, there will be further legislation and challenges ahead, it has to clear up the safety culture amongst its engineers and on the factory floor itself, that is bubbly the biggest challenge that kelly 0rtberg who comes from an amazing legacy actually, he steered a giant in its own right at the aerospace industry through many iterations in changes though, as an engineer

by training, he also brings a lot to the table and a lot of integrity and trust by the workers on the factory but he still has a massive entree to clear. ~ ., still has a massive entree to clear. ~ . , ., still has a massive entree to clear. ~ ., , ., ., ~ still has a massive entree to clear. ~ ., .,~ ., still has a massive entree to clear. ., ., , clear. what you make of this latest line — clear. what you make of this latest line that _ clear. what you make of this latest line that there's - clear. what you make of this latest line that there's going j latest line that there's going to be an official look at the culture at one of the factories that may see 737 max jets because this is what this investigation has revealed that there's been issues all the way through the organisation? absolutely. and i previously spoken to the faa myself which is a regulator in the united states and they told me that they're not going to release their grip on making sure implementing that safety culture n absolutely confident that boeing has got everything sorted out so, as i said, that's the biggest challenge and at the moment, the regulator has clipped its wings so to speak and is reduce the amount of aircraft it can produce to a smaller amount thanit produce to a smaller amount than it normally would so,

boeing itself is not only has to improve the safety culture but has to ramp up production as well to be able to make profits because it made massive loss recently as well. qm. loss recently as well. 0k, thank you _ loss recently as well. 0k, thank you for _ loss recently as well. 0k, thank you for your - loss recently as well. 0k, thank you for your time . loss recently as well. 0k, l thank you for your time this morning and your thoughts on what's ahead for boeing, will keep a close eye on how the new boss does in any other developments from boeing. uk pension schemes could soon be in for an overhaul — with chancellor rachel reeves considering creating a canadian style pensions model to fire up the uk economy. the uk chancellor has been meeting the maple 8 — a group of vast canadian pension funds during a three day trip to north america. the idea is to adopt a similar approach for the local government pension scheme which has more than 6 million members. at the moment in england and wales it is fragmented into 86 funds — but if it were a single fund it could have huge investment potential of around 360 billion pounds.

let's hear now from tom selby — director of public policy at aj bell. good morning to you. is this a goodidea good morning to you. is this a good idea or not and just to say is not a surly a new idea, is something that former chancellorjeremy was looking into? , , , chancellorjeremy was looking into? , , into? yes, this is something that's crossed _ into? yes, this is something that's crossed from - into? yes, this is something that's crossed from the - that's crossed from the previous conservative government that are currently labor governments are as you said at the top, the key part of the canadian model, the uk government is looking to copy is around scale so around a make pension funding in canada, the maple eight with an estimate £1.1 trillion on behalf of sector workers. those schemes have huge scale which allows them to invest in big,

long—term infrastructure projects including here in the uk. what the government wants to do is combine those fragmented local government pension schemes and into a single fine now, the hope there is that single fund will have more ability to invest in those infrastructure projects including in the uk and potentially bolster growth. in terms of whether that is a good idea or not, there are positives to that idea so for example, you could have lower cost and if those investments deliver returns for members and that'll be good news but there are risks associated with that so if you take on risk investments in those investments in those investments don't deliver for the members than it'll be the members that end up losing out so it's not a 1—way bed. it’s so it's not a 1-way bed. it's never a _ so it's not a 1-way bed. it's never a 1-way _ so it's not a 1-way bed. it's never a 1-way bed, - so it's not a 1—way bed. it's never a 1—way bed, there is no such thing as a free lunch, is that? but when it comes to what this means for the chancellor for the treasury and government funding, is it more of a benefit for them in terms of

what this could mean as opposed to those who will receive the retirement funds going forward? that's the danger, i think, with this. what we've got is the government potentially conflating the needs of the uk and the uk economy with the needs of those pension schemes members and ultimately, the first roll of any pension scheme and it's investing on behalf of its members is it delivers good outcomes for those members in retirement to deliver those incomes that those members have been promised. if invest in the uk is the best way to deliver that or scaling up the amount of investment in the uk are skilling up the amount of infrastructure investment within those funds is the best way to deliver that then that's absolutely fine, i think the danger here is that those schemes or potentially that single scheme is pressured into investing in a way which isn't comfortable with and the result of that could potentially be

members losing out on the long—term if those investments don't deliver. long-term if those investments don't deliver.— don't deliver. 0k, interesting, thank you _ don't deliver. 0k, interesting, thank you for— don't deliver. 0k, interesting, thank you for making - don't deliver. 0k, interesting, thank you for making sense i don't deliver. 0k, interesting, thank you for making sense ofj thank you for making sense of all of that. will keep a close eye on what's coming in the future with regards to that. india's central bank — the reserve bank of india has kept its interest rate — the repo rate — unchanged as south asia's largest economy faces another food—driven spike in inflation. inflation in india has stayed above the bank's 4% target for the last four years. let's cross live now to our india business correspondent archana shukla in delhi. what's keeping inflation so sticky? tell us more about the problem of inflation also.— of inflation also. well, it's the ninth _ of inflation also. well, it's the ninth consecutive - of inflation also. well, it's| the ninth consecutive time of inflation also. well, it's - the ninth consecutive time that the ninth consecutive time that the reserve bank of india has decided to keep the interest

rates unchanged, and the house squarely focused on inflation in the last few quarters and in fact, in the address today in the morning, the central bank governor very carefully and very calculated words are said that it's a good growth rate in the country that is given the rba room to ambiguously focus on inflation and that definitely has been something that has kept rbi on the toes. after bringing down to a certain level, even injune because of high food prices, the inflation went up above 5.57% and that's something that rbi is not comfortable with and the biggest factor there is food prices especially that of remote, india isn't driven agricultural economy and how the monsoon plays out in full production directly impacts prices of food that people

here, like us, by for a household and that's something which has been wavering and has been very stubborn in the last couple of quarters and has not come down and that is bent on the minds of the ibi suddenly although in the last few quarters, with inflation coming down slightly, there has been a divided view of the monetary policy to at least signal a rate cut in the coming quarters but rbi, as it seems today is squarely focused on bringing it under the 4% target that they have kept for themselves before moving any further on rate cuts. �* ., , ., ., cuts. before we let you go, took us _ cuts. before we let you go, took us through _ cuts. before we let you go, took us through what - cuts. before we let you go, took us through what this l cuts. before we let you go, - took us through what this means for growth, economic growth in india because the movement in rates is a big impact on that. absolutely. with high interest rates, borrowing costs have been high and that has been a pressure point for most businesses, homelands, etc but when you look at the broader picture, it looks strong, most including the government rbi another economist believed that

india will continue to grow at close to about 7% and that is given room for rbi to stick with high interest rates in the current time as well. if we look at the budget that was announced by the modi government in the third term, it seems to be more driven and to push growth in the coming quarters with policies on generating employment and supporting small—scale industries. however, bridging the gap between the consumption is something that still needs to be pushed forward for the growth to be or more inclusive and for rbi to have more confidence in the economy and look at interest—rate picture. 0k, look at interest—rate picture. ok, for now, thank you very much indeed. it's been quite a turnaround for the house of mouse. for the first time ever, disney's streaming business made a quarterly profit and it benefited from a strong movie line—up, generating more excitement than its theme parks and cruise businesses. for the latest from new york,

here's michelle fleury. what a difference a year makes, disney's combined streaming business made a quarterly loss of more than 500,000,012 months ago. today, it made a profit of 47 million. boosted by the success of inside out to, the highest grossing animated film of all time. and also, by charging its subscribers more. we should note that while its overall streaming business made money, disney+ and hulu are still in the road, it is this a sport subscription espn driving the profit. it is a stunning turnaround given complaints levelled at disney in recent years. that its media business was weighing it down. as evidence, investors would point to the decline in a traditional tv business, box office flops and of course, its streaming losses. 0nly its park and

resource division were doing well. it all came ahead this yearin well. it all came ahead this year in a better proxy battle with activist investors who complained that disney was in decline. well, disney won that fight and it's just caught another head with the decline in a traditional tv business, box office flops and of course, its streaming losses. 0nly its park and resource division were doing well. it all came ahead this year in a better proxy battle with activist investors who complained that disney was in decline. well, disney won that fight and it's just caught another head with a second—quarter earnings are showing that its and a subscriber growth is plateauing for all streaming services, disney will need to bring more money out of its existing customers as it seeks to maintain this momentum. around the world and across the uk, this is bbc news.

here in the uk, the government has indicated a willingness to restrict oversees hiring for tech and engineering jobs after the home secretary asked the migration advisory committee for a review.

in a letter yvette cooper noted that "high levels of international recruitment reflect weaknesses" in the domestic labour market, including "persistent skills shortages in the uk." let's hear now from chris beauchamp, chief market analyst at 16, an online trading platform. good morning to you. i must admit, i'm taking it to take a breath because i thought 0k, we haven't got the skills in the uk, why? that in itself isjust a huge discussion, isn't it? i think it is, really. and it shows that there is huge demand for these jobs and they really increase in the future. the problem for the uk is it's not meeting demand, it's a number of factors but i think skills element is a big one, how you make thesejobs element is a big one, how you make these jobs attractive to people born in the uk, how they get through the entire

education about losing them along the way is a major challenge and i think the move yesterday does highlight that it will take a long time to come to fruition any kind of actual reforms and i think this is the problem the industry is worried about that yet at the thing to hire more people born in the uk but we will list will come from the meantime? exactly because i interview _ come from the meantime? exactly because i interview so _ come from the meantime? exactly because i interview so many - because i interview so many company bosses as part of my job and they often say we really struggle to find the right people and so therefore they are looking outside of the uk because they don't find those people they need, the skill said here and when the government says it's looking a willingness to restrict overseas hiring, that could cause real problems, couldn't in the short term because sorting that out is a long—term project in the uk, it won't happen quickly.— project in the uk, it won't happen quickly. no, not even within the _ happen quickly. no, not even within the next _ happen quickly. no, not even within the next year - happen quickly. no, not even within the next year but - happen quickly. no, not even within the next year but if -

happen quickly. no, not even| within the next year but if you need the job within the next three months, that's a major problem for industries and when we talk about industry not hiring people in the uk, it's on block problem but these individual companies making individual companies making individual decisions which are faced with a list of applicants, you have the one place for the job and you are seeing people from overseas. it's a population mechanic that you will see a lot from overseas wanted to come and work in the uk, many will be getting in university with the exact skills needed services — is something need to keep an eye on but it will require a long—term between government and industry to get the people and industry to get the people and the question of education is to go straight to university or more apprenticeships? something in its discussing should have been discussed many years ago but it will take time. it years ago but it will take time. ., , , years ago but it will take time. . , , ., years ago but it will take time. , ., , ., time. it has been, to be fair, this composition _ time. it has been, to be fair, this composition has - time. it has been, to be fair, this composition has been i time. it has been, to be fair, i this composition has been going on for a long time about the problems as to why we don't have people with the right training, the right skill set

and etc but before we move on, i want to get your take on markets, today, i'm looking at what's happening injapan, the new k2 25 pretty flat. it's been at some mulch was weaker financial markets, what will happen today?— financial markets, what will happen today? the senate for the time being _ happen today? the senate for the time being and _ happen today? the senate for the time being and a - happen today? the senate for the time being and a sense i the time being and a sense after the big jobs that there is no issue that has to drop on some things has to happen in the one that we saw, it's a lot further to go and what we suspect will be more volatility both up and down with the time being until markets really get comfortable with the current state of affairs.— state of affairs. thank you, chris, state of affairs. thank you, chris. good _ state of affairs. thank you, chris, good to _ state of affairs. thank you, chris, good to see - state of affairs. thank you, chris, good to see you, i state of affairs. thank you, | chris, good to see you, have state of affairs. thank you, i chris, good to see you, have a good day. we'll see again soon. on this programme you have heard a lot about al — artificial intelligence. it seems to be the big technological development of our times. for some people, that's raised fears. will it take people's jobs, for example? we've been speaking to one tech ceo, a former ai professor himself, who has a different take. here's his advice.

artificial intelligence is not going to still yourjob but people are using ai, they may. you see ai as a copilot, as an assistant, in yourjob, in your creative process and embrace said that the den fight with it. my advice is to not be scared, if you're not using this as an opportunity, you may miss competitors and productive. we need to

understand the potential use cases, potential opportunities and it will take time, i suggest to open yours interpret yours, gen z is, do not fight with it, embrace it and use it. now we're deep into the british summer — and indeed with 90% of the world's population living in the northern hemisphere it's summer for most of us. but along with warmer, and often dryer, weather come the risks of water shortages. managing water, and access to it, is one of the greatest challenges of our time. around the world today, one in four of the world's population lives in a region facing "extremely high water stress" — it means they regularly use up almost their entire available water supply. let's have a look at those countries. here they are, 25 of them. they include india, the world's most populous country, european countries such as greece and belgium, and egypt where the nile

is under serious threat. live now to susan taylor martin, ceo at bsi — the uk's national standards body. good to have it on the programme. so yourfocus is very much on the uk but this is a global problem, isn't it? this time of year, it comes to the full. it this time of year, it comes to the full. ., , ,., , , ., the full. it absolutely is a ulobal the full. it absolutely is a global problem _ the full. it absolutely is a global problem and i the full. it absolutely is a global problem and last i the full. it absolutely is a i global problem and last year, the un, they want a summit, the first one in a0 years so on undiscussed topic but at that summit, they said, were absolutely facing crisis because the supply of fresh water is going to be much less than demand their freshwater by 20a0, than demand their freshwater by 2040, by than demand their freshwater by 20a0, by 2030, the end of this decade so it was not very far away, it will global crisis. here in the uk, what are the

main issues?— main issues? from the uk's perspeetive. _ main issues? from the uk's perspective, i'm _ main issues? from the uk's perspective, i'm basing i main issues? from the uk's perspective, i'm basing this| main issues? from the uk's i perspective, i'm basing this on some data that a survey did with the leading water ngo called water wise and we did a survey a0 different countries looking at different factors, like water consumption, price of water, leakage, all sorts of things to come up with effectively an index of water security index to see how it risks various countries with and within that pillar, the uk is not the worst by a shop like you were mentioning, there's countries in the middle east and north africa with much worse position. the uk ranks in the middle risk and there was a couple of quite interesting reasons, the first is, the population, we don't have that much freshwater in terms of the reserves that are naturally available and that was an interesting thing and when you look at the price of water, it's low in the uk, actually compared to the rest of the

world but in consumption high and would do have leakage in the system in total, that's why we ended up as a medium risk from a water security perspective.- from a water security --ersective. ., ., ., perspective. you mentioned that the un held _ perspective. you mentioned that the un held a — perspective. you mentioned that the un held a conference aboutl the un held a conference about this, the first one is a0 years, there has to be a global solution to this, doesn't there because we talk about the uk and its own challenges but when it comes to water, just like food and everything else, i global attitude towards part of government is the only way forward, isn't it? i government is the only way forward, isn't it?— government is the only way forward, isn't it? i think you are right- — forward, isn't it? i think you are right- i— forward, isn't it? ithink you are right. i think— forward, isn't it? ithink you are right. i think there's i forward, isn't it? ithink you are right. i think there's a l are right. i think there's a real absolutely global collaboration from us perspective and with the national standards body but the uk where we also operate as a system so whether member of an organisation, i think is definitely a will to play there. our definitely a will to play there. 0urawful global there. our awful global collaboration and there. 0urawful global collaboration and nothing is a lot we can do because a lot of

we can do in an individual level two because we've got these forces that are coming at us in terms of the growth in population. that goes into infrastructure, agriculture and domestic water needs go up, honestly as well, we've got the climate crisis which is making the situations with the hazards like drought and flood and much more than they were. so there are steps that we can take both individually and domestically. susan, thank you so much for your time. a huge subject that we can't fit it all in. we are out of time today. enjoy the day you have a head. i will see you soon. hello there. for many parts of the country, i think wednesday was a pretty cloudy day, the best of any sunshine across scotland and northern ireland. there were a few passing showers here, whereas further southwards across parts of england and wales really limited to just glimpses of sunshine. it was pretty cloudy

for much of the day. looking out in the atlantic, we've got another area of low pressure that's set to bring some damp weather in initially thursday morning, as this warm front spreads its way in. mind you, we have got some drizzle around at the moment. ahead of that feature across wales and western areas of england are not patchy drizzle for the south—east. we've got some showers for the north west of scotland, but the skies continue to clear in east scotland and north east england, so it's here where we're going to have the brightest start to the day on thursday with a fair bit of morning, sunshine. any sunshine in southeast england short—lived. it's going to turn quite cloudy, but staying on the bright side, the damp and drizzly weather for wales and western england replaced by more general outbreaks of rain through the day, the rain heavy as it swings across northern ireland into scotland, northern england and north wales. top temperatures running into the low 20s. now, through thursday night that we'll see that rain band continue its way northwards and eastwards, the rain turning heavy for a time in northern scotland before clearing out of the way, and there may well be a hang back of cloud,

still bits and pieces of rain left over into friday morning before this front finally pulls out of the way. then we get this little ridge of high pressure starting to build from the west, and that means an improving weather picture. rain clearing away then from eastern england. many of us will have fine spells of sunshine developing through the day. 0k, there'll be a few showers for west scotland, an odd one for northern ireland, north wales, but for many during the afternoon on friday it will be dry with sunny spells, temperatures widely into the 20s and getting warmer across east anglia and south east england with temperatures into the mid 20s. a warming trend because the jet stream is going to change as warm air gets brought northwards by tropical storm debby, colder air comes out of canada. it changes the shape of the jet stream. the jet stream gets more wiggly through the weekend. the significance of that is we get underneath this ridge and that makes it get a lot warmer, if not hotter, particularly across parts of england and wales, where temperatures will push into the low 30s. the short blast of heat, though not everywhere. there will, i think, be some heavy rain to come across the north and west of the uk. that's the latest.

good morning, welcome to breakfast with naga munchetty and charlie stayt. 0ur headlines today. thousands of anti—racism demonstrators took to the streets of towns and cities across england in counter—protests against a recent of wave of riots.

police had been braced for further violence, with around 100 far right protests anticipated, but they failed to materialise. three taylor swift concerts in vienna this week have been cancelled over fears of an islamist attack. the amount paid to women who donate their eggs for fertility treatments will rise to nearly a thousand pounds. but experts warn against doing so just to make money in the face of cost of living pressures. i'll have the details. a whisker away from gold for matthew hudson smith, who is pipped on the line, in the men's a00 metre at the paris 0lympics, missing out on victory byjust four hundredths of a second. good morning. it is a bright start in some eastern areas but in the west it is cloudy and damp. later that will be replaced by heavier rain and strengthening winds. all of that is

pushing northwards and eastwards.