the imf forecasts faster growth for the uk economy and says the battle to curb inflation is almost over. and switching off down under — we take a look at how australia's new �*right to disconnect�* law has been impacting workplace culture. welcome to business today, i'm ben thompson. we begin in washington dc where the imf has published it's global economic outlook. it's been fairly downbeat, although the uk has recieved a boost — uk growth in 2024 is expected to be 1.1%, up from a projection of 0.7% injuly. so a signficant upgrade there. also a postive outlook

about global inflation. take a listen to the imf�*s director of research. let me start with the good news. the battle against inflation is almost won. after peaking at 9.4% year on year in the third quarter of 2022, we now project headline inflation will fall to 3.5% by the end of next year. in most countries, inflation is now hovering close to central bank targets. an upbeat message, finally, on inflation. michelle fleuryjoins us live from new york. a gloomy update about global growth figures but crucially, the idea that inflation and the battle with inflation may finally have been solved, that is a very upbeat note? i finally have been solved, that is a very upbeat note?- is a very upbeat note? i think this is the — is a very upbeat note? i think this is the question _ is a very upbeat note? i think this is the question of - is a very upbeat note? i thinkl this is the question of whether you want to look at the glass being half full or half empty

because on the one hand in this report, the eye may we can expect more lacklustre global growth —— the imf says we can expect. but the inflation pitch in developed countries has improved substantially, and if you look at the euro area and the uk, a lot of the improvement in their forecasts for those areas are related to that improvement in inflation, and that is allowing interest rates to come down which is expected to boost demand domestically, so that is the good news, if you look at the pitch in the us, it is somewhat different, and on the one hand the great picture is one of the strongest of any country in the world but you compare what it is forecasting for the future and it expects that to decelerate partly because they foresee a slowing cooling labour market here and also tighter fiscal policy. fix, labour market here and also tighter fiscal policy.- tighter fiscal policy. a word of caution _ tighter fiscal policy. a word of caution around _ tighter fiscal policy. a word of caution around tariffs - of caution around tariffs

because we know tariffs are a big political issue ahead of the us election, in terms of protecting domestic industries from exports elsewhere. yes. when it comes _ from exports elsewhere. yes. when it comes to _ from exports elsewhere. yes. when it comes to the - from exports elsewhere. yes. when it comes to the us, - from exports elsewhere. yes. when it comes to the us, all| when it comes to the us, all eyes are on donald trump because he is proposing this idea of a universal tariff, sending shock waves amongst international trading partners worrying that if he wins, what will that mean, and economists are trying to calculate what it will do to inflation, could push prices back up and how would that affect consumer demand given that it is likely to raise prices? those calculations come into effect, and more broadly, it is not just in the us, we are seeing a retrenchment from global cooperation and that is something the imf chief economist was mourning against saying, if trade tensions

escalate over the next few years, we think that we shave about half a percentage point off economic output.- off economic output. good to talk to yom _ off economic output. good to talk to you. thanks _ off economic output. good to talk to you. thanks for - off economic output. good to | talk to you. thanks forjoining us. turning to india, where shares in hyundai motor india have begun trading on the mumbai stock exchange today in what is country s biggest—ever market listing. it could value the south korean car makers indian unit at $19 billion. hyundai is looking to cash in on its booming stock market and fast growing car sales. our india business correspondent archana shukla has more. it was a lacklustre debut. hyundai listed at a discount and closed over 6% lower against its issue price on day one, but this performance was kind of expected given the ipo book was largely oversubscribed by institutional investors, and retail investors had stayed away concerned

with the expensive valuations and worried they would not be able to make gains on the listing. this is similarfate to previous large ipos like life insurance corporation or payments company paytm. in fact, a bloomberg report says hyundai india's valuation was about five times its korean parents, although the valuation was in line with indian peers such as maruti suzuki. now, despite a muted show, the ipo is significant. it is the first time the korean car maker is listing outside its home country, and for india it's the largest public issue ever at $3.3 billion, and also shows how crucial india is for hyundai. it's the second largest car maker and seller here with a 15% market share. the listing has, in fact, come at a time when car sales have slowed down in india after two years of record highs, but analysts say india will remain a fast growing car market with a rising middle class. hyundai, too, has indicated plans to ramp up capacities and use india also to export more, both electric vehicles and suvs, to other emerging markets. brokerages believe the company did go ambitious on valuations,

but as it settles to a more realistic figure, the company holds potential in the world's second largest car market. in australia, employees have the right to ignore their bosses outside working hours thanks to a recent law which enshrines the so—called "right to disconnect." the legislation, which passed in february, protects workers who refuse to monitor, read or respond to messages from their employers outside work hours. more than 20 countries, including france, have brought in similar laws. from sydney, phil mercer reports on the impact in the workplace. family fun beats work stress any day of the week. kelly gail is starting a new position in marketing in sydney. she's made sure it won't be such a demanding environment as her previousjob.

not sure if it was power or what it was, but every call had to be answered. even if you were in the bathroom. and every email had to be answered within ten minutes, it wouldn't matter when it was, what time of the day or night, or whether it was the weekend or holidays. what effect did that have on you? it was pretty traumatic, actually, to be honest. millions of australians can now break free from the pressures of after hours calls and emails. new laws are based on the premise that staff are happier if they're not followed home by theirjobs. in australia, we have a mental health crisis. there are as many as i in 4 employees in the workplace suffering from a mental health condition, and a lot of people have a lot ofjob uncertainty. add to that the cost of living crisis in australia, and this is going to look to address some of that. people have been overworked for a long time. similar laws are in place in france, argentina and ireland. however, industry groups here insist the right to disconnect legislation will hamper productivity at a time of economic uncertainty. academics, though, argue that the changes will

be good for business. we're seeing businesses in response to the right to disconnect, thinking about how they and their staff can work smarter, not necessarily harder. and i think that the impact of these laws will have a positive impact upon workers in terms of their wellbeing. over at telstra, there's been a long standing process. one of australia's dominant telecommunications companies has allowed employees to switch off after work for more than a decade. for people to be engaged and productive, that really means being able to have a balanced life where you're able to give your best and do your best while you're at work, but also have genuine time where you're not working and you're able to disconnect. i think it's ridiculous that we need these laws, that people need laws in order to act humanely, but i'm fully in support of them. i think it's brilliant. i think it allows people to have more of a work life balance. the legislation states that out of hours contact from the boss, which is considered to be unreasonable, can be ignored.

the reforms will be enforced by australia's workplace regulator. phil mercer, bbc news, sydney. facebook and instagram owner meta is to introduce facial recognition technology to try and crack down on scammers who fraudulently use celebrities in adverts. elon musk is just one of the many famous faces to fall victim to such scams, which typically promote investment schemes and crypto—currencies. meta already uses an ad review system which uses artificial intelligence to detect fake celebrity endorsements but is now looking to beef it up. so how will it work? joining me now is chris vallance, our technology reporter. their plan is to test 50,000 celebrities and public figures and involve them into the system by december, and it will essentially beef up its protections against these kind

of celebrity bait adverts as they are called, and what it will do, when an existing system is used to spot fraudulent ads, and it detects what it thinks is one, it will then use a face recognition to see if there is a match between the image and the adverts and the image and the adverts and the images on the profile of the images on the profile of the celebrity or public figure on instagram and if there is a match then it is curtains for that advert, it will be blocked and deleted, and that is essentially the hope, they are rolling out a similar approach to deal with impostor accounts where somebody pretends to be a celebrity online to inveigle people into a get rich quick scheme, to exploit that celebrity's image and name. sounds good in practice, but deep fake technology is getting better and better at being able to create stuff. is there a

suggestion that meta will have to keep investing in the technology to make sure the detection stuff is even better than the ai creating it? the? than the ai creating it? they kind of admit _ than the ai creating it? they kind of admit that _ than the ai creating it? they kind of admit that in - than the ai creating it? they kind of admit that in the - kind of admit that in the release of this information, and they have spoken about it being an adversarial process to fight against the scammers. it is an arms race and the technology gets ever better on the defender side and the attacker site, and ai is used widely, bbc presenters have been deep faked. it really is a question of the accessibility of the tech becoming wider as well, so more people able to do it and more places, this means more potential scams. {line more potential scams. one interesting _ more potential scams. one interesting part _ more potential scams. one interesting part about - more potential scams. one interesting part about people being able to get into locked accounts. ., , being able to get into locked accounts-— accounts. people will always e-mailed — accounts. people will always e-mailed the _ accounts. people will always e-mailed the bbc— accounts. people will always e-mailed the bbc saying, i accounts. people will always | e-mailed the bbc saying, i'm e—mailed the bbc saying, i'm locked out of my car, what can

i do? you have got to give the government id to get into your meta account —— i'm locked out of my account. they will check a video selfie against the images on your profile page so thatis images on your profile page so that is another way into your account that they are looking at. , . account that they are looking at. , , ., ~', account that they are looking at. , , ., ., at. very useful. thanks for “oininu at. very useful. thanks for joining us- _ at. very useful. thanks for joining us- a _ at. very useful. thanks for joining us. a lot _ at. very useful. thanks for joining us. a lot of - at. very useful. thanks for joining us. a lot of detail. at. very useful. thanks for| joining us. a lot of detail in there but thank you for digesting that for us. let's have a look at the numbers in the markets. remember the imf upgrade in the growth forecast for the uk was quite crucial, now forecasting growth and 1.1% for this year, although the markets are not excited by that. they are waiting to see what the chancellor has to say regarding the budget a week from now. 0il regarding the budget a week from now. oil is one to watch at $74 a barrel. that is it

today for the business.

ever since the war in gaza erupted just over a year ago following hamas 5 october 7th attack, hundreds of thousands of children have had little or any education. schools have been shut and many have been turned into shelters for displaced people. they include gaza 5 edward said conservatory for music. jon donnison who visited the conservatory when it was still standing before the war, reports on a new effort to teach music to young children. in gaza, amidst the mayhem, a moment of melody. for children, learning music is not easy at the best of times. and for mohammed, these are the worst. the 14—year—old lost part of his arm in

an israeli air strike.