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- Business
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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
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Boeing's CEO apologises to families of fatal 737 Max crashes at a US Senate hearing
Boeing's CEO David Calhoun testified at a US Senate subcommittee investigating the planemaker's 'broken safety culture'. Relatives of some of the 346 victims of two fatal crashes involving the Boeing 737 Max also attended the hearing and heard the CEO directly apologise to them, while the panel grilled him about his plans to fix Boeing's manufacturing problems.
France 24's Yuka Royer also spoke to aviation and tourism expert Anita Mendiratta about the importance of whistleblowers. -
Political risk weighs heavily on French business climate
France's leading CAC 40 stock index made small gains at the open this Tuesday after suffering its worst week of trading since March 2022. As FRANCE 24's Bryan Quinn explains, the fallout from President Emmanuel Macron's decision to call snap elections continues to be felt across the country's business landscape, with many companies holding off on big decisions until after the polls. Also in this edition, Toyota's shareholders vote to keep Akio Toyoda as chairman despite a certification fraud scandal.
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Despite being climate conscious, Gen Z struggle to break into green jobs
Generation Z desperately want to be eco-friendly and to work for a company with good climate credentials. But a new survey by LinkedIn has found that only one in 20 GenZers have the "green skills" needed to tackle the climate crisis. FRANCE 24's Yuka Royer speaks to Sue Duke, LinkedIn's Head of Global Public Policy, about the social network's latest findings.
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Australia, China work to mend torn trade ties amid rush for lithium
Chinese Premier Li Qiang visits Australia seeking to repair relations after a diplomatic spat between the two countries triggered punitive tariffs. While in Australia, he will visit a Chinese-controlled lithium processing plant, as Beijing eyes more investment in critical minerals. Also in this edition: Muslim pilgrims fill Saudi Arabia as the kingdom tries to boost tourism in a pivot away from oil exports, and the US Surgeon General calls for warning labels on social media platforms.
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G7 agrees on plan to use frozen Russian assets to help Ukraine
G7 leaders have agreed to use the interest generated from frozen Russian assets to raise $50 billion per year for Ukraine. Also in this edition: Elon Musk is optimistic about keeping his billion-dollar Tesla pay package. And Germany gears up to host the Euros, with 3 million visitors expected across the 10 host cities.
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US Federal Reserve keeps rates steady despite softer inflation data
The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on Chinese-made electric cars from July 4 unless a solution is found. This comes following months of investigation into Chinese subsidies.