we begin in the us, where the troubles facing boeing have become even more serious. the us air safety regulator has opened a new investigation into the aircraft maker after boeing acknowledged that it might not have carried out proper quality inspections on its 787 dreamliner aircraft. it follows another probe earlier this year into the safety of its 737 max planes, one of which suffered a mid—flight incident in which part of the wall of the plane blew out. from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation

into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when, in fact, they hadn't. now, the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding, where the wings join the main body of the plane, on certain 787 dreamliner aircraft. bonding and grounding is vital on a plane because it prevents static build up. think of it as electrical safeguards. boeing credited a south carolina worker who saw something they felt was wrong on the production line and came forward and reported it. cutting corners at work is something that many of us may have been guilty of at various times in our lives. but given the frequency with which quality control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlines, as well as lawmakers. boeing's shares dropped sharply on the news of the new investigation.

the company has told the faa that it will re—inspect all 787 jets on the manufacturing line, and develop an "action plan" to address concerns about planes already in service. stay with us here on bbc news, we will be keeping a close eye on developments regarding that story. a vote of confidence for the uk ai industry. japanese conglomerate softbank is leading an investment of more than $1 billion into uk self—driving car start—up wayve. the funding is europe's largest artificial intelligence deal to date. nvidia, along with existing investor microsoft, are also part of the investors. the london—based company develops autonomous systems in cars — self—driving, in short. live now to janet mui, head of market analysis,

rbc brewin dolphin. how big a deal is this? this is a big deal because this is a huge investment as you mentioned over $1 billion the largest in europe and ai start—up so far and it has been a long while since the uk ai scene has seen such a big investment, it was since 2014 for the google deep mine. this is a huge vote of confidence for the ai scene and this is what the uk wanted to become it aspires to become an ai superpower so this is great news for the uk industry. great news for the uk industry. great news indeed. — news for the uk industry. great news indeed, it _ news for the uk industry. great news indeed, it is _ news for the uk industry. great news indeed, it is a _ news for the uk industry. great news indeed, it is a start-up, l news indeed, it is a start—up, and a new world, we are often told ai as the future and we won't be driving our own cars and future. do you think from the investor perspective, is something like this a bit or

something like this a bit or something that is very likely to pay off in the medium to long—term? to pay off in the medium to long-term?— to pay off in the medium to long-term? on balance it is difficult to _ long-term? on balance it is difficult to say, _ long-term? on balance it is difficult to say, the - difficult to say, the technology is maturing, the fact you have got some big names like nvidia and microsoft leading players and in i speaks a lot of volume, the most important part is the regulatory hurdle, you can get the technology, you can get the experience but then you may not get the approval from the regulators, and if the insurance companies are not going to cover it, it is not going to cover it, it is not going to cover it, it is not going to happen in real life. there are massive challenges but i think it is really getting there.- but i think it is really cuettinthere. , ~ getting there. more broadly ai related investment _ getting there. more broadly ai related investment has - getting there. more broadly ai related investment has been l related investment has been experiencing quite a bounce in recent times, but with any bounce you often worry about a bump in the road? i bounce you often worry about a bump in the road?— bump in the road? i think this investment — bump in the road? i think this investment shows _ bump in the road? i think this investment shows there - bump in the road? i think this investment shows there is - bump in the road? i think this. investment shows there is very much ongoing enthusiasm and ai

and autonomous driving, there is still very much a huge potential, we are at the early stages. ai is enhanced by the fact we have technology advanced semiconductors provided by companies like nvidia, the runway is very much in the future and there will be companies that fail but a lot of companies that will commercialise on this technology and improve the lives of people. it technology and improve the lives of people.— technology and improve the lives of people. it does take a lot of investment _ lives of people. it does take a lot of investment up - lives of people. it does take a lot of investment up front? i lot of investment up front? exactly, that is why, the large companies, the large technology companies, the large technology companies are more likely to advance in the early stages of this aia race, that would be spillover to other technology applications and smaller companies, but you need that in —— that initial investment and thatis —— that initial investment and that is why investors are more enthusiastic about the large companies in the us at this

stage. janet mui, head of market analysis, rbc brewin dolphin. thank you forjoining us today. today one of the most valuable companies in the world, saudi aramco, publishes its latest results. saudi arabia's state oil company reported a steep decline in profits back in march after it cut production and oil prices fell sharply in 2023. then profits fell 25% to $121 billion profits but that followed on from a record—smashing year in 2022. live now to sameer hashmi in riyadh. he is our middle east business correspondence. what are we expecting to hear today? profitability compared to a year or before might be about the same or slightly this, you

mentioned saudi arabia has put in place production cuts that have been there sincejuly 2022 since then profitability has taken a hit, not only has production gone down oil prices have fluctuated during this period. in the last three months oil prices did go up briefly but only for a few weeks and after that prices were back to where they were, the average price in the last six months, that is why the profitability may not go up as much as we have seen in the previously years when oil prices were over $100 a barrel, the thing to keep a watch on as the thing to keep a watch on as the dividend, that is the main thing for the saudi arabian government it is a state owned company and the saudi arabian government efforts from the high dividend income. despite the profitability coming down in the last year or so they have not cut the dividend. fine have not cut the dividend. one ofthe have not cut the dividend. one of the other— have not cut the dividend. one of the other things _ have not cut the dividend. one of the other things they have been talking about doing with their spare cash is look at opportunities to invest in china we demand for oil has

been growing. what do we know about those plans?— been growing. what do we know about those plans? saudi aramco has been trying — about those plans? saudi aramco has been trying to _ about those plans? saudi aramco has been trying to expand - about those plans? saudi aramco has been trying to expand their . has been trying to expand their production capacity not only when it comes to crude but other segments of businesses as well, whether it is natural gas or chemicals, and that is what they have done with china, they have signed a new agreement with the chinese state company and they are hoping they would be able to draw investment from them this could go up in years to come. this is something the saudis and aramco are looking at seriously, they think there is a potential to draw in westerners, that is something the saudis had kept restricted for many years, where they were not drawing and many investors now they realise there is potential given there is the demand for them in a decade and a half, this is the time to attract investment and use this cash to expand their businesses beyond crude. that's the main thing they want to focus on

which is why the —— they are looking for investors. which is why the -- they are looking for investors.- looking for investors. what about renewables, - looking for investors. what about renewables, they - looking for investors. what l about renewables, they have talked about ploughing money into that, any indication as to what that could look like? the? what that could look like? they have been _ what that could look like? they have been betting _ what that could look like? they have been betting on _ what that could look like? they have been betting on a - what that could look like? tie: have been betting on a big way on renewables, that is one of the core areas for saudi aramco, they realise demand for oil could take a hit because of climate change, demand for oil could go down in the next few decades and it is important to diversify the business they are investing in renewable businesses and hydrogen, which is one of the big bits for many oil companies in the world including saudi aramco, hydrogen could become a pervert as far as oil companies go. there are still a lot of questions about whether it is viable and commercially viable and that is something to be seen but that has been a big focus area and they will be investing a lot in that particular category go ahead as well. ,,. particular category go ahead as well, ,,., ., , ., ~' particular category go ahead as well. ., ~

well. sameer hashmi, thank you forjoining _ well. sameer hashmi, thank you forjoining us- — business and economic leaders are meeting in poland for the european economic congress. big issues impacting the future of business and finance will be discussed by key european players. 0pening day speakers include european commission president ursula von der leyen and polish prime minister donald tusk. for a closer look at the main issues at play, i am joined now by mohit kumar, chief european economist atjefferies. how significant is this conference? what do you think is on their agenda? it what do you think is on their aaenda? . ., , agenda? it is a very significant - agenda? it is a very significant event, . agenda? it is a very - significant event, clearly given the international situation right now, and in my view the two main things on the agenda would be geopolitics, of course middle east as well as the russia — ukraine and the impact it would have on the european economy. the second i heard you talking about itjust now, is about energy in the transition towards green energy. these two will likely

dominate the discussions at the forum today. dominate the discussions at the forum today-— forum today. from a macroeconomic - forum today. from a macroeconomic level forum today. from a - macroeconomic level the forum today. from a _ macroeconomic level the people in the room, the europeans if they got a good story to tell at this moment in time, inflation coming under control, interest rate cuts probably on the horizon sooner in the eu than any economies i wouldn't use the word good, i would use the word better than six months ago. the word better than six months auo. the word better than six months am, , ., ., , ago. the situation is definitely _ ago. the situation is definitely looking i ago. the situation is - definitely looking better than a year ago, inflation is coming down, economic growth, if you look at the last month data, it has started to pick up and positively a surprise to the upside. interest rates from ecb are looking likely to get a rate cut forjune, things are looking better than they were 12 months ago, i would not say good, simply because of you look at the aggregate economic growth in europe we still talk about zero point 5% forecast

for 2024. it is not a disaster but not compatible to other areas like the us.— but not compatible to other areas like the us. better than we thought, that's a good enough analysis. mohit kumar, chief european economist atjefferies. thank you very much for that. let's get some of the day's other news now. the european union has approved the $14.9 billion purchase of us steel by japan's nippon steel. the decision was seen as a formality. the european commission said it cleared the deal because the firms will have "limited market positions resulting from the "proposed transaction". the acquisition has faced opposition in the united states, with presidentjoe biden saying he believes the us steelmaker should remain domestically owned. rail travel in the uk during this week will likely be disrupted by industrial action, including strikes and an overtime ban. members of the train drivers�* union aslef at 16 rail companies will walk out on different days between tuesday and thursday. it also follows the start of their six—day overtime ban on bank holiday monday.

around the world and across the uk, this is bbc news.

in an interview to a leading indian business news daily, india's foreign minister has defended blocking investments from china. he said india cannot compromise on its national and economic security in the name of opening up the economy. the bbc�*s arunoday mukharji explains why this is important. india's foreign minister, subrahmanyam jaishankar, was speaking to the economic times when he said that it was about protecting domestic businesses, especially the small and medium enterprises. also, batting away allegations of becoming a protectionist economy, the foreign minister

also said it was about protecting the interests of the working class in the country. just to put things in context, relations between india and china have been at their lowest ever since the 2020 violent altercation along the indo—china frontier over a territorial dispute. back then, in protest, india had banned hundreds of chinese apps — including tiktok — from operating here. new delhi has since been pushing domestic manufacturing and incentivising businesses to move production from china to india to help offset the huge trade deficit with beijing. now, this is what it all boils down to. india imports way more from china than it actually exports. according to some studies, the trade deficit in the last five years has gone up to just a little less than $400 billion. so despite the tough talk, these are the realities that india is facing. it's an aspect that has worried both economists, as well as strategic

affairs experts. staying in asia for now. when britain left the european union, the government said food and drink exporters had a "golden opportunity" to put british food at the "top of the global food menu". asia was one of the regions targeted as a market with rising incomes and an increasing appetite for western food. but the reality is that uk food is still lagging behind its european counterparts, both in terms of sales and reputation. we sent our business reporter nick marsh to asia's leading food and drink trade show in singapore to find out why. hungry? well, you're in the right place. �*i'm in one of asia's food meccas, but on display is a who's who of european cuisine. and they're ready to battle it out, bite for bite. as incomes start to rise, as tastes broaden and travel becomes more common,

it's an opportunity for governments not only to sell their products, but also to promote an ideal image of their country. do you think of anything in particular when you think of food from britain? sausage? i don't know. quite boring, actually. not so special. but these cheese exporters are here to fly the flag for british gastronomy. it's a massive job educating people because, you know, the french and the swiss and the italians have been doing it a lot longer than we have, and parmesan's been around forever, so we've come in sort of fairly late. so we're having to get that message across. and this is what they're up against. anyone want tiramisu? for italy, selling food to asia isn'tjust vital for its economy, it's basically a form of diplomacy. they're foodies. they love their food, they love their tradition. it's something we have in common and that makes it easier to spread, also, the italian culinary tradition around the world.

after brexit, uk exporters were promised new markets. almost dropped it there! that is very good. you did say it was good! this is grass—fed, 100% british beef. and these are the people that british producers are betting on. they want them to know, firstly, that this meat exists and they're hoping, secondly, that they'll like it, and eventually, above all, that they're going to buy it. the reality is that exports to asia only represent a fraction of what britain sells to the european union. the uk government told the bbc that it has hosted events at trade shows in the region to try and drive demand for british food. but the suppliers, well, they don't receive any grants to attend these events in the first place. unlike other countries, they had to pay out of their own pocket just to be here. which makes it very difficult to stand out against the other european groups or other world groups that are almost

fully funded by government. this is your vr cheese experience? absolutely. would you like to try? to keep up, british producers are having to get creative to spread the word, which i enjoyed first—hand. i'm just cleaning the udder of a cow. ok, i'm grating the cheese onto the noodles. but building a reputation doesn't come overnight. many are still finding their way. nick marsh, bbc news, singapore. entertainment giant disney releases its second—quarter results later today. the main focus for investors will be the performance of its streaming business, still the new frontier for the television industry. disney+ lost 1.3 million subscribers after its price went up in october. since then, taylor swift

has been roped in to help. swifties can now watch her eras tour on disney+. live now to paul verna, vp of content, emarketer. thank you forjoining us. based on what we know before the results actually come out, how do we think it is working out for disney plus?— do we think it is working out for disney plus? they have had a re for disney plus? they have had a pretty good _ for disney plus? they have had a pretty good run _ for disney plus? they have had a pretty good run in _ for disney plus? they have had a pretty good run in the - for disney plus? they have had a pretty good run in the last. a pretty good run in the last few months, just since the last quarter, actually, it is a milestone they announced this streaming service joint venture with warner brothers discovery and box. they settle their differences at least for now with the state of florida, they beat back on activist investor revolt, that was huge. they are combining the disney plus and

hulu content under one application. and they are about to roll out a password sharing programme, we know how well that worked out for netflix. they are putting a lot of pieces in place to deliver on the promise of bringing the streaming service to profitability by the end of this year, which is what bob iger has said they were going to do. they are on a pretty good role, some of these things that i mentioned are not actually going to impact until actually going to impact until a couple of quarters down the line. remains to be seen what this particular quarter will bring, in terms of the metrics that everybody is looking at. thank you for that umbrella level summary covering all bases. let's talk about the streaming aspect, disney is a giant in the entertainment space. but still it is a pretender arguably in the streaming space. it is not netflix did not create the sector. when you mention what

they are doing with password sharing, that is something which is the hot button issue of the moment with streaming. what are they doing that is different and what are your thoughts as to how we'll work out for them? we thoughts as to how we'll work out for them?— out for them? we don't know very much — out for them? we don't know very much about _ out for them? we don't know very much about how- out for them? we don't know very much about how they i out for them? we don't know| very much about how they will roll out the password sharing and what it will look like and what it will cost, we may hear more about that later today. notably they rolled out an ad supported here on disney plus, both of those things are aimed at driving revenue and subscriber growth. to your question they have not done anything different or innovative, they are actually following in the footsteps of netflix, which did both of those things sometime ago. so in that sense disney+ is playing catch up and they are not the leader in the space, they clearly want to be a streaming first, digitalfirst, streaming first, digital first, direct streaming first, digitalfirst, direct consumer company but they still have a ways to get there. , ., .,

there. they are not the originator _ there. they are not the originator of _ there. they are not the originator of the - there. they are not the originator of the space | there. they are not the i originator of the space but they do have an enormous back catalogue of popular programmes, isuppose catalogue of popular programmes, i suppose when the chips are down, when the dust settles on this market, when all the consolidation has happened, as you point to their where they are consolidating disney+ with hulu, the big streaming brand in the us would you expect disney to emerge as one of the contenders with lasting impact? absolutely, no doubt about — lasting impact? absolutely, no doubt about it. _ lasting impact? absolutely, no doubt about it. this _ lasting impact? absolutely, no doubt about it. this is - lasting impact? absolutely, no doubt about it. this is a - doubt about it. this is a hundred year old company with a brand everybody loves, they have as you mentioned, an incredible backlog of content, of all types, and they have a lot of strength in sport streaming which is going to be one of the catalysts, to transitioning from the traditional tv world into the streaming world. with espn and espn plus another partnership they have with these competitors, i think they are in a good position to continue being a strong player in

sports, but as far as entertainment, they have the goods, they need to make the business model work, i would be curious to see if they narrow the losses on the streaming site as they have been doing the last couple of quarters. any interruption with that momentum i think is going to be seen as a real red flag. briefly enough of you can how are they getting on with the other thing disney is famous for, the theme parks? i think the will for, the theme parks? i think they will have _ for, the theme parks? i think they will have a _ for, the theme parks? i think they will have a pretty - for, the theme parks? i think they will have a pretty good l they will have a pretty good year with parks, we will see rising attendance, they have raised prices so that generates more revenue and they are besting more in the parks, by all measures the park business is healthy and poised for a good summer, there are not any of the big interruptions they have had over the past few years. have had over the past few ears. ., .., �* have had over the past few ears. ., �* , , years. you can't disrupt theme arks, years. you can't disrupt theme parks. can _ years. you can't disrupt theme parks. can you? _ thank you forjoining us today.

a quick look at the markets. asia—pacific markets climbed on tuesday, extending gains from the previous session. following the lead set on wall street where there are renewed hopes of a cut in the cost of borrowing. that's it from me. breakfast is nextin that's it from me. breakfast is next in the uk. i will be back with your top stories from bbc news. hello. well, your bank holiday monday probably came with a rain interruption at some point. it was pretty unsettled. some lengthy spells of rain across the southeast of england, but plenty of showers elsewhere. 0thers, though, managed some sunshine. and in lincolnshire, we had 11 hours of sun, so it wasn't so bad there, whereas others had the downpours. and across parts of northern england, we had a couple of funnel clouds spotted — one over saddleworth moor and another one in the derbyshire area. the weather is going to be improving, though, over the next few days as a ridge of high pressure starts to move its way in and that will tend to settle the weather down.

a slow process. we've still got a bit of rain left over across southeast england, one or two showers elsewhere, but these will tend to fizzle over the coming hours. and temperatures as we start off tuesday morning, generally around 8—10, the coldest spots down to about 5 degrees. and that's probably where we'll have the best of the early morning sunshine. now, what you do start off the day cloudy, and particularly around some of these north sea coasts, it could be quite grey. some mist and fog patches around, a few spots of drizzle, but it is an improving picture for the majority. cloud will thin and break up with sunny spells becoming widespread into the afternoon. 0utside chance of a shower? yeah, it's possible, perhaps across the hills of wales and southwest england, one or two elsewhere, but not as many as we've seen over recent days. the vast majority of you will have a dry day and it will feel warmer when the sunshine comes out. the high pressure continues to build in for wednesday, but we do have weather fronts that will try to sneak in from the northwest. so wednesday, again, it should be a fine day for the vast majority of the country. certainly, england, wales, most of northern ireland looking dry with spells of warm sunshine, probably quite hazy sunshine. there will be some high cloud in the sky. but across the hebrides, highlands, 0rkney and shetland, it will turn cloudy, quite windy with

outbreaks of rain moving in. in the sunshine, though, temperatures more widely climbing into the low 20s, so feeling progressively warmer. thursday, you've still got a risk of a few showers, this time for scotland. 0therwise, some broken cloud and sunny spells. should be another dry day for most areas of northern ireland, england and wales. and again, those temperatures continue to climb. we're up to 19 in belfast. the warmest weather probably across eastern england, where temperatures will reach around 22, possibly 23 degrees celsius. that is going to feel warm in the sunshine, and there is more of that sunshine as we finish the week and head into the weekend, albeit probably with an increasing risk of seeing some showers moving in. that's your latest weather. bye—bye.

good morning. welcome to breakfast with sally nugent and jon kay. 0ur headlines today... a glimmer of hope for the people of gaza as hamas says it will accept a ceasefire plan that could bring an end to the war. israel rejects the deal and goes ahead with air strikes, but it says negotiations will continue. a major hack of the ministry of defence —

a major hack of the ministry of defence database. the a major hack of the ministry of defence database.— a major hack of the ministry of defence database. the bank details of an unknown _ defence database. the bank details of an unknown number— defence database. the bank details of an unknown number of— defence database. the bank details of an unknown number of staff - defence database. the bank details| of an unknown number of staff have been accessed. planning a train trip this week? don't count on it! train drivers are striking across 16 operatiors, and most services will take a hit. we have the details. tears and ticker tape for kyren wilson, who beats jakjones to win his first world snooker championship title at the crucible. a council bans apostrophes from new road signs. we'll ask if it means the end for the simple punctuation mark. and a bit of good weather news for you. for many, a dry day today and a lot of dry weather to come for some this week as it turns warmer too. all the details here on breakfast. morning, all. it's tuesday 7th of may. hamas says it has accepted a ceasefire deal in return for the release of israeli hostages.

israel says the offer doesn't meet its key demands, but it will negotiate.