vimarsana.com

Transcripts For BBCNEWS Business 20240703

Card image cap

And they made a big fuss about everything that i ever found. And it was because of the stage of where the plane was. If im looking at a plane thats supposed to be getting shaped and im the last person to see it, i shouldnt be finding missing fasteners, missing parts and things like that. So why were they not thanking you for picking up on these things . They just wanted the product out. They werent focused on the consequences of shipping bad fuselages. They were just focused on meeting the quotas, meeting the schedule, meeting the budget, meeting the numbers. If the numbers looked good, the state of the fuselages didnt really matter. And thats how i think the culture was driven in spirit. Throughout all this, youre picking up problems on fuselages that are being sent to boeing. Are fuselages getting through to boeing that still have flaws that have not been fixed . The whole time we were there, boeing knowingly knew that spirit was sending fuselages with many defects many, many, many of them bad. They knew that, they were aware of it. And spirit was wrong for sending defective fuselages, but at the same time, boeing was also wrong for accepting them. And boeing has been criticised a lot for allegedly having a culture of putting profits and speed of production over passenger safety. Would you say that the same mentality, then, applied at spirit, which is boeings number one contractor . Well, spirit was part of boeing at one point. And i think the culture wasnt something that, just they became a new factory and the culture over time became bad. I think, when they deviated from boeing, a lot of the leadership was still there and a lot of the culture was still prolonged after they became their own company. And it wasnt something that the culture all of a sudden just became bad. I think the culture was bad already that over time just became worse. A spokesman from spirit said it strongly disagrees with the allegations made by mr paredes. The firm added that it is vigorously defending against his claims. Boeing chose not to comment, although sources within the company say it is working hard to help spirit address quality issues. It is also in talks over taking full control of its supplier. Staying with boeing, a Boeing Cargo Plane has landed at Istanbul Airport without its front landing gear. Turkeys Transport Ministry did not give a reason for the incident, but said that no one was hurt. Boeing directed queries to fedex, which operated the flight. The delivery giant said it is working with the authorities and will provide Additional Information as it is available. Elsewhere in the aviation industry, the Indian Government has sought a report from Air India Express which is owned by the tata group. This comes after more than 80 domestic and International Flights were cancelled on a single day. From delhi, the bbc� s Arunoday Mukharji has more. Passengers complained that flights were cancelled at the last moment after several employees of Air India Express called in sick and went on mass leave. Now, employees at Air India Express have been citing concerns for a while, ever since the tata group took over the airline. Their concerns range from grievances regarding salary structures, as well as job security. 0fficially, though, there were no reasons given. Air india express, on its website, apologised and called the cancellations unprecedented and said that the airline was working to minimise disruptions. But the chaos was visible at airports, as passengers who faced the brunt of this development took to social media to complain and share their experiences. Just last month, vistara also owned by the tata group saw disruptions after employees went on leave, expressing similar grievances after the tata takeover. 0nce Indias National carrier and owned by the government, air india was sold to the tata Group Two Years ago. Now, the tata group is widely seen in the country as one of indias most successful business conglomerates. Theyve been working with employees to try and iron out their concerns, to ensure that this takeover remains smooth. Lets catch up on the Global Market outlook, as several themes are on the radar for investors. Interest rates are still at the top of their minds, as the Us Federal Reserve left borrowing costs unchanged last week. Geopolitics is another theme, with focus on a potential ceasefire in the israel gaza conflict. Thats according to 0livier dassierfrom simcorp. It was a bit of a disappointment last week and in april, right . We saw markets weaken, and then we saw sentiment weaken as well, because we started the year thinking they would be as many as six cuts by the fed, even though the fed told us there would only be about three, and now we are left hoping forjust one, or one and a half, and i think thats something that caught markets by surprise in late april. But they seem to be moving on right now, because the Earnings Season in full swing. Its almost over, another two weeks, and then. And earnings were good, right . But the expectations were limited. It was an easy one to beat up 5. 3 so far and i think the Market Expectation was something at 3. 2 or 3. 3, so were on earnings, were good on consumer spending, were good on the economy, so the market carries on. If we look at a geopolitical impact, the israel gaza conflict, there seems to be a potential cease fire making headlines. Could we see an appetite for risk increase, if there is some form of truce . Geopolitical risk usually doesnt have a very deep or lasting effect on markets. Its certainly something thats in the background. Right now, investors are focused on the Earnings Season, because were getting detailed in a very good, closed information about the health of companies, so theyre focused on that. But like i said, this is over in about two weeks, and after that, theres going to be nothing on the front page but geopolitical risk, right . So probably then, theyre going to start to care, and maybe this year, that Sell In May And Go Away adage will be quite a good one to follow. The European Commission has requested more information from x over cuts on its content moderation team. Its concerned about a report that the platform submitted in march, showing it had trimmed its number of Content Moderators by nearly 20 over five months. The query comes under the Digital Services act, which is designed to crack down on illegal and harmful content. South koreas k pop is a multi billion dollar industry. But elsewhere in asia, the philippines is hoping its own music, p pop, can reach the same heights. Hannah gelbart from the bbc� s What In The World podcast travelled to manila to meet alamat one of the countrys top p pop groups. Youve probably heard of k pop orj pop, but what about p pop . Its short for philippine or pinoy pop, and its flourishing. Alamat is one of the biggest p pop bands in the country. It has six members, each coming from a different region and singing in a local language, from tagalog to waray waray, bisaya and sambal. P pop is definitely getting big. We are going to push filipino talent to our limits. Like k pop, p pop bands are known for their rigorous training, edgy outfits and adoring fans. P pop sounds completely different. We aim to promote our culture through everything that we do, and that includes fashion, music and, of course, our dances. Alamats music is full of national symbols, myths and legends. They use lyrics and costumes to criticise the countrys colonial past, and they address contemporary issues like the two million overseas Filipino Workers sending money home to theirfamilies from abroad. When i was a kid and my dad passed away, my mom had to flew overseas so she can provide for us. I grew up with my grandma, with my grandparents and my cousins, so i grew up full of love. While alamat has loads of filipino fans here and abroad, some p pop bands like sbi9 have already made an impact on the International Music scene. We are definitely not rivals, but more of, we are brothers in the p pop community. And that community isnt new. P pop builds on original pilipino music, or 0pm, which has been around since the � 705. But this newer version is resonating with gen z filipinos. Whereas k pop has become one of koreas main exports and is a multi Million Dollar global business, p pop doesnt yet have the same level of government support. Alamats name means legend, and with or without that backing, this is a band thats determined to make it big. Hannah gelbart, bbc news, manila. And thats it for this edition of business today. Thanks for watching. L this is the catch up. Tonight, record sea temperatures, social media is toxic and lines in south yorkshire. Two big political stories today. Starting with natalie elphick, an mp who has put the Conservative Party to join the rivals, labour. John has the details. She is the second tory mp to quit and join labour in less than two weeks. She has accused her now old boss of breaking promises, calling his government incompetent. Rishi sunak says all labour can offer our rises in the amount of tax the people pgy in the amount of tax the people pay. Meanwhile in scotland, the First Minister has been elected. He has also chosen a team will work with him to make policy and decisions. Some of the stories now. Police have cleared a plateau pro palestinian encampment from George Washington University Campus will stop students have been there since april 25. Social media sites could be named and shamed and banned for under 18 is if they fail to comply with new Online Safety rules. Regulators want to stir children away from what they call toxic material. In the worlds oceans a broken temperature records every single day over the last year. Driven by Climate Change and it impacts coral and marine life. Time now for ten seconds of lines and lines and on caster. A family of lines rescue from ukraine have been released into their new home at the Yorkshire Wildlife park. It looks a little odd to see lines rolling around in the Yorkshire Grass but they look happy enough. Have a lovely evening. Hello and welcome to sportsday. Coming up on the programme its The Late Show at the bernabeu as real madrid stun Bayern Munich to reach the Champions League final. The long goodbye. Rafael nadal says he feels good ahead of whats likely to be his last italian 0pen. And the Olympic Flame arrives in france after a 12 day journey by boat from greece. You are very welcome along to the programme. Lets start, then, with a dramatic night in the Champions League. 14 time winners real madrid scored twice late on at the Santiago Bernabeu to book their place in the final against Borrussia Dortmund at wembley on the first ofjune. Real were level at 2 2 with Bayern Munich heading into the second leg in the spanish capital. Alphonso davies put the visitors ahead on the night, beforejoselu scored twice in the final minutes to clinch the tie 11 3 on aggregate. It was a night full of drama, as bbc correspondent john murray explains

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.