tv Business Today BBC News July 9, 2024 12:30am-12:46am BST
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hello and welcome to business today. i'm steve lai. we begin with boeing — the main us aviation regulator has ordered the inspection of thousands of boeing 737 max planes, over concerns related to the oxygen masks aboard the jets. our north america business correspondent erin delmore has more on this latest probe. the federal aviation administration is acquiring operators to check the oxygen masks are as of 2600 aeroplanes. thejob is to make sure the mask seven shift at a position which could potentially leave the out of passengers reach in an emergency. any necessary corrective actions needs to be completed at the march between 120 days. earlier monday, boeing agreed to plead
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guilty to a criminal conspiracy charge and paid millions of dollars in fines. 27 37 max crassus killed it hundred 46 people. the issues of polling safety culture and quality control was brought back into the spotlight injanuary control was brought back into the spotlight in january when the spotlight in january when the door bell often take to make a jet mid—flight and interviewing months, boeing is pervasive criticism and regulators, lawmakers, airlines and the travelling public. staying with the us, presidentjoe biden is fighting back against the perception that's he's too old to beat donald trump. he's published a letter saying he has no intention of giving up the presidency orthe campaign for a second term. this comes amid amped up pressure from business leaders and donors, calling for biden to step down. the bbc�*s michelle fleury sat down with the ceo of the leadership now project, a coalition of executives, who explained how high the political stakes are.
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we have respectfully asked president biden to pass the torch to a new generation of leaders. we believe that there are multiple leaders and the democratic party would be well—equipped to be our president and effectively make the case about the risks that donald trump in the current republican party presents. mb? republican party presents. why did ou republican party presents. why did you feel _ republican party presents. why did you feel it _ republican party presents. why did you feel it was so important to speak i was at stake in?— important to speak i was at stake in? ~ , , stake in? we believe the number one risk is— stake in? we believe the number one risk is that _ stake in? we believe the number one risk is that former _ one risk is that former president trump wins in november and that was our driving concern and speaking out and secondarily we know it's really hard to step out against the president and he was going to take courage from political leaders, his advisers and others to encourage them to step down and we want to show that courage with our networks have been more freedom to publicly come out and express their view.
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the leaders of india and russia are meeting in moscow to discuss a range of bilateral issues — from investment ties and energy cooperation, to defense and trade. prime minister narendra modi's two—day visit comes at the invitation of president putin, to revive an annual summit between the two countries. the last one was held in december 2021, in delhi. for clues on what to expect from the meeting, let's bring in raymond vickery. bilateral trade is nearly doubled last term touching around $65 billion and primarily driven by the fact that india has been buying deeply discounted russian oil in new delhi is defended against its own industry needs. and secured in favour of this, of all the exports and trade, india stood at only about $4 billion and its this trade imbalance that modi hopes to correct by this visit and hoping to explore more opportunities and exploiting
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other items and pharmaceuticals and technology and even agriculture. india has had ties of the rush date back to before the cold war period, russia has also been one of the primary defence suppliers as well. it is a relationship that india has refused to give it away from spy criticism from the west repeatedly, india is not open the christmas rush of words were in ukraine and also abstain from voting against russia as of. we are likely to see new delhi again trying to walk the tightrope and on one hand, enhancing its ties with russia and on the other, also not antagonizing the west. turning to france, which is seeing more political uncertainty after parlimentary elections left the country you would hope that he would go to promote peace and prosperity
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worldwide according to democratic principles that india holds but this is not really what is going on. modi striving to perform very delicate balancing act as you may recall that his first trip after being reelected this year was to the g7 and now, he is to go to russia and tell what a great friend is to russia and get as much strategic advantage and economic benefits out of a relationship as he can.- relationship as he can. what will russia _ relationship as he can. what will russia be _ relationship as he can. what will russia be expecting - relationship as he can. what will russia be expecting out| relationship as he can. what l will russia be expecting out of this meeting?— this meeting? russia wants to show that _ this meeting? russia wants to show that the _ this meeting? russia wants to show that the isolation - this meeting? russia wants to show that the isolation of - show that the isolation of russia because of the invasion in ukraine has not worked and they're going to want to have a commitment and indy is going to want keep buying more oil, fuelling their economy and
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their defence production and from their perspective, it is being able to sell even more to india, the exports have gone up about 50% since the war in ukraine andi about 50% since the war in ukraine and i think that's what he wants and he wants to hold modi up as a quasi—supporter of what russia is doing it if that doesn't work exactly, isn't going to be in a position to try to contradict russia since there are so dependent for arms and also oil and fertiliser. by by make that will invest $1 billion which by make that will invest $1
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billion whici_ by make that will invest $1 billion whic , . ., , billion which will be completed at the end _ billion which will be completed at the end of _ billion which will be completed at the end of 2026 _ billion which will be completed at the end of 2026 nobody - billion which will be completed | at the end of 2026 nobody their manufacturing hub within the european region. as the company wrestles with tariffs imposed by the european union, this manufacturing facility presents an opportunity for them to bypass the levees. turning to france, which is seeing more political uncertainty after parlimentary elections left the country facing the prospect of a hung parliament. a left—wing alliance won sunday's vote — blocking the pathway to power for the far—right national rally — but negotiations will now have to take place to try and form a minority or coalition goverment. it leaves mainland europe's second—largest economy in a state of limbo — with the country's capital preparing to host the olympic games in just over two weeks. for more on this let's cross live to paris and join armin steinbach — who is a professor of law and economics at hec paris. that's going to be very difficult for the left block to come up with a minority government as you know, it is quite a bit of genius and in order to build a firewall against the national on the
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right side is very diverse group of anti—capitalists and socialists and communists and a very diverse programme and the question is whether they remain united and propose a candidate for mr and talking about emmanuel macron and for him to appoint this. and this will be appoint this. and this will be a minority government faced in the confidence of this motion of no confidence in having to resignjust a week of no confidence in having to resign just a week after being in power and i rather like the scenario. in power and i rather like the scenario— scenario. what are the implications _ scenario. what are the implications of - scenario. what are the implications of the - scenario. what are the - implications of the stalemate since god one of the agencies saying that the uncertainty is bad for the fiscal outlook and downgraded
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already by agencies in the last five months and so, the economic perspective is very short—term and it's safe and the current governments remain in power and finances but the longer the alas, the riskier the economic outlook and becomes more unstable and the situation may become. fine becomes more unstable and the situation may become.— situation may become. one or the oldest _ situation may become. one or the oldest companies - situation may become. one or the oldest companies has - situation may become. one or i the oldest companies has agreed to merge the independent film studio sky immense media, paramount and nonexecutive will share their controlling stake in the company which will result in $20 billion. they say they expect to close the deal by next summer. for more than $4 billion, currently they managed 39 brands including the uk production and sales of pepsi
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and seven up. it is part of the larger strategy to accelerate growth in its portfolio outside of beer. it is only 2% of the volume. that is give you a quick recap of how they move in the us. another record date for the us. another record date for the nasdaq and the dowjones index and they have a busy week ahead for the us inflation print forjune which is to on thursday. bye for now.
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to build more homes in the government will build 1.5 million in england or the next four years and will lose no time planning rule at the new prime minister has been in northern ireland after visiting scotland yesterday. now to ukraine were children hospital in tf as appended by russian strikes and across the country today at least 36 people have been killed by russian attacks in ukraine says they'll and targeting civilians. parliamentary election after the far wregret expected to win instead, they can third of the group of left—wing parties winning the most votes no party won the majority needed to create a government. next, simon said the uk needs the next, the uk artists breaking globally has fallen and he will search for the next star in a
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new show on netflix. great news, they have announced they are expecting their first child and the cutest picture of him hugging her with the caption life's because blessing. now for ten seconds of protesters in barcelona and ask as thousands of demonstrating age of my visitors there. doing it pretty quickly if you are this tourists, i knew i would be. you're all caught up. you later. see you later. hello and welcome to sportsday — djokovic hits back at the boos to cruise into the wimbledon quarterfinals have england finally got a spring in their step, heading into the euro semi—finals.
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and a few more overs and out, an emotionaljames anderson prepares for his final england test. hello there, we'll start with tennis becasue the quarterfinal line up is complete at wimbledon, the last spot in the men's draw taken by a clearly agitated novak djokovic who rounded on some sections of the crowd after his staright sets win over holger rune. the seven time champion beat the danish fifteenth seed 6—3 6—4 6—2. after his win, djokovic had a strong word for the fans who had he claimed had been booing him, saying it was disrespectful, and he wouldn't accept that they were simply chanting rune's name
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