there are live from bbc news. we will be live at the paris air show shortly. aviation versus facing the turbulence of trade tensions and safety concerns. from london, that's the top story on monday the 17th of june. the pilots of the ethiopian airlines plane that crashed in march with the loss of everyone on board were not at fault. the airlines chief executive tells the bbc criticism of the cross actions is seriously misinformed. also in the programme,

the wife of callas government speaks out about his detention and she explains why she is asking donald trump for help. here's how the trading makers began in a shot. central banks and interest—rate plan the big focus for investors. we'll have all the details in the markets review. and we'll be getting the inside track on something sweet and sticky — how mochi's — a traditonal japanese dessert that's been around for centuries — are making millions for one company thanks to a modern twist. today we want to know . when is a burger not a burger? mps today discuss labelling of vegan/vegetarian food products, what do you think? just use the hashtag bbcbizlive hello and welcome to business live. both airbus and boeing will be hoping to reverse a worrying

trend in plane orders, when the 2019 international paris airshow gets underway later today. in particular, boeing has been affected by the grounding of its 737 max after fatal crashes in indonesia and ethiopia. 2019 has been a difficult year the industry. earlier this month, the international air transport association warned that industry profits would fall by more than $7 billion this year following a dip in global trade. boeing has other, bigger problems — the 737 max model is still grounded since and since march, the jet maker had no orders for any of its commercial planes. but boeing still has around 5,500 commercial planes on its order book — worth nearly $400 billion. and it's been a challenging for european rival airbus too, which suffered more cancellations than new orders. theo leggett is at

the paris airshow. this is bound to dominate the events this week what's going on with boeing and the 737 max. absolutely. the sun is shining here, for borrowing the show has begun under a cloud, let's look fine. boeing has an order book of around five and thousand aircraft at 4400 or so 737 max and that playing is not allowed to fly. it's not allowed to fly because after two accidents it's become apparent a software system incorporated into the aircraft, flight incorporated into the aircraft, flight control system was the root cause of two major accidents of indonesia and of course the ethiopian airlines crash in march. boeing is trying to persuade regulators that it's come up with a solution and that solution will finally make the aircraft a safe bet in the meantime it's not racking up the orders when it would like to be.

and in terms of how this investigation into what happened in ethiopia is progressing i understand you've been talking to ethiopian airlines who dispute any blame apportioned to those who work for theirairline? apportioned to those who work for their airline? absolutely. the problem here is people within the corridors of power in washington appeared to be trying to deflect some of the blame for the accident away from and onto the pilots of the crashed aircraft, we are hearing in washington a couple of weeks ago a congressman, sam graves said if american pilots had been on board the plane it would never have crashed and i returned from a trip to ethiopia, i met the chief executive of ethiopian airlines, in march, modern airline incidentally andl march, modern airline incidentally and i asked him what he made of the allegations. the senator seems to be seriously misinformed or he doesn't have the facts. when he said, why

have the facts. when he said, why have they grounded 330 —— 80 aeroplanes over the world? the facts speak for themselves. so as you see there is a blame game going on. it's easy to see why. boeing is facing all sorts of lawsuits because of this, its credibility has been undermined and its relationship with the federal aviation authority, the us regulator has also been questioned. but clearly, attempts to deflect blame whether from people '5 owi'i deflect blame whether from people '5 own interests rather that they are principal and hasn't gone down well in addis ababa. thank you. we will talk to you again as the week progresses. let's look at some of the other stories making yesterday. and after years of planning, the london—shanghai stock connect project goes live today. under the scheme, shanghai—listed companies can now raise funds via london's stock market while british firms will be able to sell shares in shanghai. uk chancellor phillip hammond described the project as a ‘ground—breaking initiative'.

concerns over brexit could lead to less investment in the uk this year and a slower recovery. that's the stark warning from the british chambers of commerce, who say the growing possibility of a no—deal, was expected to "suffocate" investment activity in the short term. they added that businesses are investing more into stockpiling rather than pursuing new ventures. power has been restored to much of argentina and uruguay, after a massive electrical failure left tens of millions of people in the dark. the blackout was caused by a failure in an electrical grid that serves both countries. argentine president mauricio macri said a full investigation will be carried out to avoid a repeat. let's talk about carlos ghosn‘s legal battle because his wife told the bbc that the former nissan chairman's arrest was "a conspiracy". the japanese car—maker disputes the claim, arguing that there was substantial evidence against him.

carole ghosn told michelle fleury in new york, she is appealing to president trump to apply pressure when he goes to japan for the upcoming 620 summit. the world leaders are going to be meeting at the g20 at the end of the month, i would like president trump to speak to the japanese prime minister about the fertile conditions and to let me speak to my husband. and i do respect the presumption of innocence until proven guilty. when was the last time you saw your husband?” proven guilty. when was the last time you saw your husband? i saw my husband when he got arrested in the 4th of april. when the prosecutor stormed into the apartment at 5:15am. they took us by surprise and they told callas he was under arrest. and he got dressed and they took about. during that period did you have any contact with your husband? i haven't spoken him since then. he got out on bail. however,

they told him one of the bail conditions, the restrictions, is that he's not allowed to speak to me or talk to me which find inhumane. what do you think of the criminal charges against your husband?” think all of this could have been dealt with internally, within the company. even if there is, as alleged, wrongdoing? everything could have been dealt with internally, this didn't need to go this far. on top of it, my husband is innocent and time will prove the truth. because nissan takes a different view and says your husband callas grown took this on purpose on himself. but he didn't. if they had a problem with him, why didn't they come up and question him? from the outside, you can see five to some observers, this might look like a case of corporate abuse by a powerful titan of business. or it could have been a conspiracy also to

get rid of him because they didn't wa nt get rid of him because they didn't want the merger and obviously, every day now we are seeing a little more clear about this matter, how nissan and renault are not getting along, how they tried to merge with fiat chrysler, it didn't work out and now that carlos has gone, we're going to see what happens but it doesn't look like they are holding this alliance together. what does the future hold for you, what does it look like for you right now? it's very hard not to know what's going to happen, i'm anxious and worried, this is shocking. it's tragic what has happened and i am hoping you know, it will end one day. because it's ha rd to it will end one day. because it's hard to live this way. the wife of carlos ghosn. speaking to michelle. what's been happening on the markets? investors the world over are waiting to hear the latest thoughts of central bankers in the us, japan and here in the uk, coming this week. expectations of a rate cut in the us, not this month but maybe next,

will be driving sentiment. in asia, a reasonably good start to the week. there was a big political dimension to trading in hong kong today which rebounded today after the climb—down by its government over the protests that have gripped the city for much of the past week. and here is how the trading week has begun here in europe. investors will also be keeping an eye on developments in the gulf after the oil tanker attacks in the gulf of oman last week for which iran has been blamed. and samira hussain has the details of what's ahead on wall street today. it will be a busy week in the united states, the federal reserve meeting per two days beginning on tuesday. barnes and noble will be reporting earnings on wednesday. a big tech company slack will start trading on the new york stock exchange on thursday. and of course on friday at the commerce department will be

releasing the latest home sales numbers. but before we can get to any of that we need to deal with monday and that is when the office of the us trade representative will begin public hearings on the list of more than 3000 product categories of chinese imports that could be subject to duties of up to 25%. busy week. joining us is sonja laud — deputy chief investment officer, legal & general investment management good morning. so what are you watching this week about saddam central banks —— banks. watching this week about saddam central banks -- banks. whatever the fed will tell us will depend on what happens at the 620 the week after. as we've heard already, the market is focusing on this idea that there will be an insurance cut because if we bring it all together, it's clear at the economic picture, yes, has been slowing but gradually, so

there's no urgency to cuts but markets telling us a very diverging story. risk assets, equities are hanging in there, it has been turbulent, the month of may has been weaker but we are two percent of the all—time high, the bond market telling us the situation is much weaker and we telling us the situation is much weakerand we are telling us the situation is much weaker and we are actually heading towards recession. as we know, only one of them can be correct. explain to us what you mean by an insurance cut. we probably know from the 90s in the context of 98, the context of the ltcm crisis, the asia crisis the fed started cutting despite the fact similarto fed started cutting despite the fact similar to today, the economy was slowing but nothing that would have required an emergency cut. that has extended the cycle by another two gears and we know how unpleasant those were for investors from 98 up to 2000. whatever happens with the 620 and trade tensions, that will

hold the key on how we look at this so hold the key on how we look at this so markets will focus on both these events carefully. what's your money on? will we see a rate cut in the us injuly which is fairly priced in? this is where the risk is and it's important to understand. the market is pricing about to turn to have cuts towards the end of the year so how the 620 or the us and china resume or not resuming their trade talks will give you a clue but obviously if it's more positive, the market will have to price out those expectations for a rate cut so obviously on the pond side it might look choppy. thank you for now. your back a little later. but let's discuss when a burger is not a burger? but also coming up. they're sweet and sticky — but mochi's — a traditonaljapanese desert that's been around for centuries — are now making millions for one company thanks to a modern twist.

you're with business live from bbc news. the uk has overtaken germany to become the world leader in vegan food product launches. the number of new vegan or animal—free products hitting the shelves has more than tripled from just 7% in 2014 to 22% in the first few months of 2019. but this week a house of lords committee will debate if calling meat—free products ‘sausages' or ‘burgers' should be banned. well, our reporter sean farrington is at a quorn factory in north yorkshire that is making kfc‘s new vegan ‘burger‘. the factory is actually through these doors and corn are making their meat alternative projects, freezing, cooking, the delivery to supermarkets and of the things around the country. they've seen big growth here partly because of product launches across the country. 60% of methods last year where they can come at this year, new figures

today show that's almost a quarter of methods are bigger, vegetarian. so brands are capitalising on this, kfc have decided to get in on the mix, jack, you are head of innovation. when you look at what you're launching, you decided to go for a chicken alternative. you've gone with quorn. what is it about micro protein, fermented fungi, that made you decide to go with it? we wa nted made you decide to go with it? we wanted to offer more menu choice, for too long, vegans and vegetarians and people looking to cut down on the consumption haven't been able to taste the iconic flavours of kfc some of those like the right time to bring it to them. is it fair to say it's not about health, going out for a fast food lunch, it's not the healthiest in the world. is it more about customers looking to not go with me? absolutely. first and foremost it's about creating choice on the menu. the impostor burger that we have, the vegan burger that we are testing is 450 calories. it

is below public health england ‘s 600 calorie guidelines. part of a balanced diet then checks out. you are trialling it, we will see how it goes, thank you. kfc trialling that now, will it take off, will we see more of this in fast food shops around the country? that remains to be seen. sean farrington with a vision of the future. maybe, maybe not. when you are looking at care, the construction company, announcing some restructuring was. more updates on that on website. your're watching business live — our top story — but robert

a quick look at how the markets are faring i have a seriously bad issue when it comes to food, i have a sweet tooth. now if you've got a sweet tooth and open to trying new desserts, have you ever tried mochi ice cream? well for those of you that don't know what it is, its small balls of gelato wrapped in sticky rice dough and has proven to be a huge hit injapan. mochi's been around for centuries and can be traced back to 794 a.d. it's eaten all year—round but it's extra popular around the new year because it's a symbol of good fortune. 0ne firm trying to find the right recipe in the mochi ice cream market is little moons, which was founded in 2010 and had revenues of $8.8 million last year. the firm has been expanding recently

with their unique new flavours. vivien wong, one half of little moons is with us now. welcome. why do you think these have taken off? i think consumers are looking for something here. they wa nt looking for something here. they want to have something different and tasty and that's what we are. the texture is very different, very high quality, premium product. and i think people love it. you started this with your brother. back in 2010. both of you were working in the city at the time. you grow up with your parents working in a ba kery with your parents working in a bakery and that's where you got your inspiration. i come from a family of geometric makers. and we discovered someone was doing it with ice cream we thought this was a great product, beautiful, we thought we would bring it to the uk and that's why we started the business. taffeta applies to wrapping it in different

things, not just applies to wrapping it in different things, notjust ice cream. traditionally it's in red bean. what's it like when you take it from what your parents did, an isolated bakery, trying to lodge it across the country, a nationwide product. that was one of the largest challenges, to get people to understand the texture and enjoy the people who travelled widely, many have tried it injapan, many tried it in the states so when we first launched it, we introduced it to restaurants, that's for people like trying new products. and after a couple of years more people were asking us to package it and sell it for retail. that's when we started, we launched it into grocery. that's in the uk, in waitrose and via 0cada. and whole foods, should i say. it's a premium product. it's not cheap. we manufacture everything in the uk using british milk and it isa premium in the uk using british milk and it is a premium product. we make it by hand, every single quorn —— taffeta is hand finished and adds to the

cost. is that why it's a premium supermarkets, won't you struggle to get by in the mass market supermarkets like tesco, sainsbury‘s, asda. supermarkets like tesco, sainsbury's, asda. the ethos is to use high quality products and that's not cheap to make. we use real milk, we don't use milk powder as such. we use mango puree, we use a lotta for flavours, it's all real ingredients, that adds to the cost. where do you go from here? at some point it's going to be saturation. you are going to be saturation. you are going to be saturation. you are going to have to expand and diversify, i assume? we've had a lot of people asking for big flavours, we have launched a new range of beacon flavours. we have no product development in the pipeline. we will make bite —sized portion control desserts because we see that's the way to eat. it's interesting, the thing that strikes me with exotic foods in general, we like them for starters and mains, when it comes to desert, you want something predictable, comforting, ice cream with lots of caramel and whatever else. is that a hurdle for you to

overcome, to get people to try something out of their comfort zone for comfort? i think that's the beauty of filling it with ice cream, if you can get through the chilliness and shall enjoy the tunis but the ice cream is so familiar and it's really great on screen, it's just an enjoyable end to the trade. so far it's a real success story for you and your brother. what's been the biggest obstacle and what's the best pa rt the biggest obstacle and what's the best part of it? the best part of it, we are doing something we are so passionate about, i love watching people eat it, everyone is talking about it and it'sjust such people eat it, everyone is talking about it and it's just such a people eat it, everyone is talking about it and it'sjust such a change in lifestyle for us both. i guess the largest struggle was convincing the largest struggle was convincing the market this is the new product because it's a texture that no one else has ever tried and it's not like you said, something familiar so we have been busy educating the market. good luck with that. we will keep an eye. in a moment, we look

through the business pages and i'll be looking at your twitter question of the day, which take a bid to discover a veggie burger? in a moment we'll take a look through the business pages but first to india — because the country has announced retaliatory tariffs on 28 goods from the united states. it comes after washington removed india's preferential trade status which allowed indian companies to sell some goods to the us without paying duties. sameer hashmi has more from mumbai. it's tip for tat after the us china trade war, time for india to engage ina trade war, time for india to engage in a battle with the united states, not the same scale in terms of the science —related bilateral trade between countries. in ‘s case, india has deferred this decision for a year, they talked about it since 2018, they would be imposing these retaliatory tariffs but they hoped there would be able to strike a deal, some sort of a deal with the united states but i think what triggered this decision is so mexico, a couple of weeks, the

united states withdrew preferential trade status which india enjoyed, under which indian companies and exporters didn't have to pay any ta riffs exporters didn't have to pay any tariffs in the united states of more than 1000 products. sol tariffs in the united states of more than 1000 products. so i think that's really when the us decided to withdraw that, india decided to impose these duties. sony is back with us. keeping the food thing going. we look at this story and forming today, not one we feature that often but still, interesting. the house of lords looking at restricting words like saw such it products, also burgerfor restricting words like saw such it products, also burger for vegetarian burgers, or vegan burgers. products, also burger for vegetarian burgers, orvegan burgers. give products, also burger for vegetarian burgers, or vegan burgers. give us your take on this. i think from a high level perspective, you would think, using words like burger or sausage, at least allows the consumer immediately to have an idea round shape and maybe taste. but if

it says vegan burger it gives away the content as well. on the flip side, if you say it's a completely different composition and those nutritional values are very different, then it could be misleading and so have both sides of the same coin and i don't think it's very easy to strike. this is a story coming into its own more so as meat substitutes become more convincing. lots of people saying the latest versions of beacon burgers are actually very like the real thing. we need these delineations more on how they are marketed. yes. i guess it requires greater explanation on the content and nutritional value, whether good or bad. that's been an overarching drive regardless of whether it's beacon or non—vegan. i think those will go hand in hand. it's not an easy one to square. let's look at what you've been saying about this. peter says personally i feel the word burger andindeed personally i feel the word burger and indeed sausage refer more to the form factor rather than the content.

we've got beef burgers, lamb burgers, chicken burgers so why not veggie burgers. heather sees it differently, she agrees that the name should be changed, people choose not to eat meat and why not veggie burgers. heather sees it differently, she agrees that the name should be changed, people choose not to eat meat and fry are vegetarian products made to look and label like mad? i guess some people still like the taste even if they don't want the real thing. john says it's very black and white, call it what they want as long as it's not made out of a dead animal. and richard says on a serious note, has in the house of lords got more pressing issues to discuss?” in the house of lords got more pressing issues to discuss? i can think of anything else. and let's just mention stephen. a burger isn't called a burger because of what is in it. meat isn't naturally a round disc anyway. good point. so, thanks for your company, great to have you with us. that's it from us, more business news throughout the day on the web page and the business report. goodbye.

aloe. signs the weather may improve as we go into the weekend but before that, quite a bit of rainfall in the forecast. not bought news for the rivers have started to flood in parts of worcestershire, the midlands, into worsening culture. low pressure still in charge of the weather. bringing these weather fronts, this particular cold front across the midlands, wales, northern england, giving outbreaks of rain this morning. going to very gradually move its way southwards, breaking up into showers this afternoon. some showers likely for the midlands but for the south—east of england, looking largely try. lengthy spells of sunshine. further north, for scotland, showers which

will be frequent, heavy and thundery, some help mixed income are also some gusty winds, especially in central and southern scotland during this afternoon, a rush of showers in czech northern ireland. temperatures here 16—18d. further south and east, temperatures 20—21d. low pressure is still there. keeping a close eye on this feature towards the bay of biscay. this area of low pressure moving northwards, throwing some rain or direction. for tuesday, further showers for scotland, northern ireland, dry for many of us during tuesday. sunny spells, later in the day heavy showers moving to the south—east. feeling quite warm, muqqy' the south—east. feeling quite warm, muggy, temperatures for many getting into the mid to high teens, 20s in the south—east. as the showers move m, the south—east. as the showers move in, they will be thundery, we could

see between 15—50 millimetres across the south—east portion. if it's 50 millimetres that will add to the excessive rainfall we've had over the last week. you can see thundery showers moving northwards, keeping a close eye on that, it can't add on to localised flooding as we go into the early hours of wednesday. tending to clear away to the north sea. further north and west, sunny spells, still rain or showers across the west of scotland and northern ireland. going to feel quite warm and muggy during wednesday, maximum temperature is about 17—2223d in the south—east. wallowing in the forecast but by the weekend some improvements possible. goodbye.

you're watching bbc news at 9 with me carrie gracie — the headlines... where you embarrassed to be empty chaired last night? borisjohnson receives a boost in the race to become the next conservative leader, as the health secretary, matt hancock, says he'll back him as the best candidate to unite the country. the endorsement comes despite mrjohnson's decision not to take part in last night's tv debate. where is boris? if his team won't allow him out to debate with five pretty friendly colleagues, how will he fare with 27 european countries? labour's deputy leader, tom watson, makes a fresh appeal for the party to support another eu referendum. released from prison and ready to join the protests, democracy activistjoshua wong calls on hong kong's chief