welcome to business today. boeing workers have voted to strike after rejecting a pay offer backed by their own union. the deal they rejected was a 25% pay rise over four years. that fell short of their original target of a0%. so now more than thirty thousand workers are downing tools in washington state and oregon, closing assembly plants for the 737 max and triple seven. the move further delays the company's turnaround efforts. speaking at a news conference, jon holden, who led the negotiations for the iam union, explained why members had rejected the proposed contract and voted for strike action. he while there were many important things that were in this offer, it didn't make up, it didn't bridge the gap for sixteen years from 2008 and going through two extensions and the threats ofjob loss, you know, stagnated wages, cost shift on healthcare and many other issues and especially relocation

of thousands ofjobs for other programmes leaving the state. our business correspondent, theo leggett, joins us now. as we heard, this is notjust a grievance about rejecting a 25% pay rise, this is problem going back over 15 years, what is the history? we have seen in this vote which was absolutely emphatic, 96% of both pulled voted for the strike shows the depth of feeling between the workforce against management and how little trust there is between the workforce and bowing management. as you say, that does go back a long time because in past renegotiations of contracts bowing was in a strong position and it went into these negotiations threatening to remove production from the pacific northwest area and take it into other states. that went down

very badly with boeing workers in the region who are to accept reduced terms and conditions including the removal of pension schemes and those resentments have remained. over the past few years as well while boeing has been trying to mmp while boeing has been trying to ramp up production of the 737 max, more and more pressure has been placed on workers in the shop floor to do more and to do it quicker. and i think what we have seen in this vote is that those resentments have come to a head. this was a contract offer that the unions and negotiators said was the best contract offer they had ever had. it was applauded by management, applauded by union leaders and yet the workforce have rejected it. which shows that boeing has a realjob on its hands to try and come up with some kind of compromise to end the strike and get production restarted. how is the production _ production restarted. how is the production of— production restarted. how is the production of the - production restarted. how is the production of the 737 - production restarted. how is. the production of the 737 max going to be affected? it is popular on the order sheet despite the safety concerns. this is a problem that boeing is facing. it has more than

4500 is facing. it has more than a500 planes on order. production of that plane has repeatedly been slow. you might rememberfive repeatedly been slow. you might remember five years ago there were two major accidents involving the 737 max due to badly designed flight control software, that prompted a redesign which held up production. then since then that they have been repeated quality control problems which boeing is trying to address. earlier this year we had the incident where a door fell off an aircraft as it was taking off from portland, oregon. that really put a spotlight on boeing's quality control and wrigley ages have come down in the country trying to force them to implement changes on them to implement changes on the shop floor. so just when boeing needs its workforce onside to implement those changes and take them forward, it has a strike to deal with. so it's a real headache for the new chief executive of boeing has only been in the job for a month.

to china now, where accountancy giant pwc has been banned from working for six months and slapped with a fine of $62.2 million over problems with its audit of the beleaguered property company evergrande. the move by chinese regulators marks the latest development in a crackdown on pwc for its work with evergrande which has become emblematic of a protracted debt crisis in the country's real estate sector. both vodafone and three have rejected claims by the uk's competition watchdog that their proposed merger would lead to higher prices for millions of mobile users. the competition and markets authority has "provisionally concluded" the deal would weaken competition between mobile networks. a final report on the deal will be issued in december. so is the deal looking unlikely? i'm joined by head of telecoms at enders analysis, karen egan. thank you very much forjoining us. is this alarming reading

for vodafone? i us. is this alarming reading for vodafone?— for vodafone? i think the headlines _ for vodafone? i think the headlines of _ for vodafone? i think the headlines of these - for vodafone? i think the | headlines of these reports for vodafone? i think the - headlines of these reports at this stage often look quite alarming. the truth is that the remedies the cma is proposing a reasonably palatable for the company and the conclusions that the cma make about the impact on pricing is actually quite modest. it only equates to about a 2% increase in customer pricing. given its quite a theoretical model, really a kind of something... we have had to analysis of this, one saying they are setting the bar too high and others saying they are not shutting the door on the deal. you think there is still room for manoeuvre? i you think there is still room for manoeuvre?— for manoeuvre? i certainly think there _ for manoeuvre? i certainly think there is _ for manoeuvre? i certainly think there is room - for manoeuvre? i certainly think there is room for - think there is room for manoeuvre. the fear was that they might ask the structural remedies as part of the approvalfor the merger and approval for the merger and that would approvalfor the merger and that would require the company

to divest part of the businesses they are proposing to put together. i think that could well have been a very stumbling block for the companies because they are already going to struggle to make money even with all of the synergies they are looking to extract. so the fact cma seems to be shying away from those remedies is very positive. the ones they are looking at instead are ones to do with commitments on the network spend and also reassurances on pricing and i think the companies will be pretty open to that. so companies will be pretty open to that. , ., companies will be pretty open to that, , . companies will be pretty open to that. , . ., ., ., to that. so you expect vodafone to that. so you expect vodafone to do what? _ to that. so you expect vodafone to do what? what _ to that. so you expect vodafone to do what? what kind - to that. so you expect vodafone to do what? what kind of - to that. so you expect vodafone to do what? what kind of things| to do what? what kind of things like nisi over the next three months?— like nisi over the next three months? ~ ~ , , ., , months? the cma seems to be very keen _ months? the cma seems to be very keen on — months? the cma seems to be very keen on the _ months? the cma seems to be very keen on the companies . very keen on the companies providing legally binding assurances that they are going to spend the 11 billion on their network over the next ten years. and i think they will be putting in place means of monitoring that and the detail

around it. and on the pricing side they want the companies to assure them that they will continue to offer a social tariff at the kind of levels they have at the moment and also promote their uptake as well as allowing customers to rollover contracts on the terms they currently have. the companies are not going to use the merger as a means of increasing prices. the final thing they are looking for on the pricing side is reassurances that they will offer good terms to envy in is like sky and tesco mobile and i think the companies will be very keen to attract that business so they will be very happy to do that.— happy to do that. thank you very much- _

it reflects a longer term trend so what are the barriers to women owned all women led businesses and how can they be broken down. i am joined by the head of global trade solutions at hsbc. she told me earlier the kind of challenges women face in securing finance. fine of face in securing finance. one ofthe face in securing finance. one of the elements _ face in securing finance. one of the elements we - face in securing finance. que: of the elements we found face in securing finance. iez of the elements we found in face in securing finance. i2 of the elements we found in the research is isolation. we know that women are one in five women don't have anyone to talk to or to turn to when they are faced with a challenge. so building networks, communities is a key way to actually unlock that isolation. 50 is a key way to actually unlock that isolation.— that isolation. so is it that they don't _ that isolation. so is it that they don't get _ that isolation. so is it that they don't get access - that isolation. so is it that they don't get access to i that isolation. so is it that l they don't get access to the process or is there something else? �* , . process or is there something else? �*, ., , ., ., process or is there something else? , ., ., ., else? it's a combination of thins. else? it's a combination of things. what _ else? it's a combination of things. what we _ else? it's a combination of things. what we see - else? it's a combination of things. what we see is -

else? it's a combination of| things. what we see is that else? it's a combination of - things. what we see is that for instance for a 13% of men that start a lending journey only 8% of women try to access finance. so it's both in the process but also the lack of access, 18% of women are saying that it's the access to the lending, to actual credit, that is slowing down the growth opportunities in the business.— in the business. let's talk numbers. _ in the business. let's talk numbers, how _ in the business. let's talk numbers, how do - in the business. let's talk numbers, how do you - in the business. let's talk. numbers, how do you value in the business. let's talk- numbers, how do you value the credit gap, those businesses are missing out on? so globally. _ are missing out on? so globally, the _ are missing out on? sr globally, the credit are missing out on? 5r globally, the credit gap are missing out on? 5i globally, the credit gap for women led businesses is about $17 trillion. it's absolutely enormous. in the uk there are about 20% of women led businesses and the rose review estimated that as a £250 billion opportunity for the uk economy. so hsbc is launching a women business growth

initiative that aims to support access to credit for these women led businesses with a number of opportunities linked to it. . , . number of opportunities linked toit. . , ., ., number of opportunities linked to it. ., , ., ., ., to it. nearly half of female business — to it. nearly half of female business leaders _ to it. nearly half of female business leaders plan - to it. nearly half of female business leaders plan to i to it. nearly half of female - business leaders plan to expand their businesses next year so what has worked in the past and what has worked in the past and what do you hope with a move the dial in the future?- the dial in the future? there is a number _ the dial in the future? there is a number of, _ the dial in the future? there is a number of, when - the dial in the future? there is a number of, when we - the dial in the future? there. is a number of, when we look the dial in the future? there - is a number of, when we look at supporting women obviously different businesses have different businesses have different needs, but recently i met with the company and one of the things i found was access to international markets, access to new opportunities, makes businesses more robust and creates a faster pace of growth. we are supporting those businesses that are accessing new markets in asia, new markets in the middle east and the us market to actually build new opportunities and build resilience for their business.

a week ago russia raised its gdp output for 202a. finance minister anton siluanov said he now expects gross domestic product to climb 3.9% this year, up from 2.8% in the forecast it issued in april. but this is heavily dependent on large scale military spending by the government and though the pace of inflation is slowing it was more than double the central bank's target in august. japanese retail giant seven & i holdings has been classified as "core" to nationalsecurity, according to the latest update of the finance ministry's list for security reviews released on friday.this comes a week after seven & i rejected a $38.5 billion buyout offer from canada's alimentation

couche—tard. we have all the latest on that strike on the bbc website by boeing as 90% percent of workers rejected a pay rise. that is business today. you are up that is business today. you are up to date. stay with us on bbc news.

hello from the bbc sport centre. the biggest team competition in women's golf gets underway in the next 20 minutes, the 19th solheim cup. usa have home advantage in virginia as they look to win the trophy for the first time since 2017, europe were winners are on their best run in the competition after a thrilling 1a—1a tie in spain last year — the first in the contest�*s history.

they retained the trophy after previous victories in ohio and gleneagles. europe return with 10 of the 12 players from that team in spain and the event has the same two captains — stacy lewis for the usa and suzann pettersen for europe. england's charley hull will kick things off around midday, when she and german rookie esther henserleit face world number one nelly korda and allisen corpooz. i have been in solheim cups and played some really good golf so when i take away from the three i have been in, i know i have played solid golf but at the end of the day we want to get points and it's just all going to come together and i certainly don't feel like i've lost confidence because of the record but i certainly want to put more points on the board. for a lot of players this is the — for a lot of players this is the pinnacle of our careers. it's — the pinnacle of our careers. it'sj'ust_ the pinnacle of our careers. it'sjust extremely the pinnacle of our careers. it's just extremely important to us— it's just extremely important to us and _ it's just extremely important to us and it means a lot to

win — to us and it means a lot to win even _ to us and it means a lot to win. even contributing