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 hadnt. 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. Boeings 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 europes largest Artificial Intelligence deal to date. Nvidia, along with existing investor microsoft, are also part of the investors. The london based Company DevelopsAutonomous 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 startup, l news indeed, it is a start up, and a new world, we are often told ai as the future and we wont 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 longterm . To pay off in the medium to longterm . On balance it is difficult to longterm . On balance it is difficult to say, longterm . 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 arabias 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. Thats 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 wouldnt 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, thats a good enough analysis. Mohit kumar, chief european economist atjefferies. Thank you very much for that. Lets get some of the days other news now. The European Union has approved the 14. 9 billion purchase of us steel by japans 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 President Joe 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, indias 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. Indias 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. Its 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 asias leading food and drink trade show in singapore to find out why. Hungry . Well, youre in the right place. � im in one of asias food meccas, but on display is a whos who of european cuisine. And theyre ready to battle it out, bite for bite. As incomes start to rise, as tastes broaden and travel becomes more common, its 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 dont know. Quite boring, actually. Not so special. But these Cheese Exporters are here to fly the flag for british gastronomy. Its 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 parmesans been around forever, so weve come in sort of fairly late. So were having to get that message across. And this is what theyre up against. Anyone want tiramisu . For italy, selling food to asia isntjust vital for its economy, its basically a form of diplomacy. Theyre foodies. They love their food, they love their tradition. Its something we have in common and that makes it easier to spread, also, the italian culinary tradition around the world. After brexit, uk ex