A walk out at its seattle headquarters, citing multiple grievances, including the push to get workers back in the office. Boeing has introduced immediate spending freezes and says it may have to lay off staff temporarily to keep costs down. This comes as the company deals with the impact of a strike involving some Thirty Thousand workers. Boeing has now asked its suppliers to suspend deliveries of parts for the 737 max, 777 and 767 freighter aircraft, which are all built in factories directly affected by the shutdown. Less Tha N less than half of us companies. American companies have become increasingly pessimistic about operating in china. A recent survey from the American Chamber Of Commerce in shanghai showed that less than half of us companies or 47 are optimistic about the worlds second largest economy over the next five years. Largest economy over thats the lowest percentage ever recorded by the survey. Ken wilcox, the former boss of Silivon Valley Bank knows all about the challenges of Doing Business in china and laid them out for us. The biggest lesson i would say is brief prepared for things that you wouldnt otherwise expect. China may look similar in many regards, but in so many regards looks are deceiving. Could you elaborate on that . What is so deceiving . So many different things, what is so deceiving . So many different things, one what is so deceiving . So many different things, one is what is so deceiving . So many different things, one is the different things, one is the extent to which government is involved. I would say if you are operating in china and you are operating in china and you are not being controlled to one degree or another by the government, you are probably doing something that is totally inSignificant and a very little value, but if you are actually doing something that is Significant and of value, you are going to be controlled. The outcomes will be controlled by the government. If outcomes will be controlled by the government. The government. If you would talk a bit the government. If you would talk a bit more the government. If you would talk a bit more about the government. If you would talk a bit more about that, i the government. If you would | talk a bit more about that, we see the Communist Party becoming more involved and how businesses are run and this adds a layer of complexity for anyone wanted to do business there. It anyone wanted to do business there. , , anyone wanted to do business there. , there. It is confusing because we in the there. It is confusing because we in the western there. It is confusing because we in the western economies differentiate between State Owned Companies and private companies private companies, and when the chinese government talks about the percentage of the economy that is private, we feel comforted when we hear that word, but if we get over there and actually live in the economy, daily, we soon learn that private in china does not mean the same thing it means in a western country. By western standards, they really are not private companies in china unless there are little shops that are sent into the local Neighborhood And Arent doing anything that is that Significant. Anything that is that siunificant. �. , Significant. And are these concerns Significant. And are these Concerns Spec Significant. And are these Concerns Spec Significant. And are these Concerns Spec sector. Concerns spec sector specific . Concerns spec sector specific . Concerns spec Sector Secific . ,. ,. ,. , specific . Our organization was in the technology specific . Our organization was in the technology sector, specific . Our organization was in the technology sector, but l in the technology sector, but across all sub industries, so anything to do with technology, clearly, and certainly anything to do with finance would fall clearly, and certainly anything to do with finance would fall in the same category, and at in the same category, and at least six or seven other major least six or seven other major industries there that are by industries there that are by our definition extremely our definition extremely controlled. The second thing controlled. The second thing that may be confusing for that may be confusing for people is negotiation because people is negotiation because negotiation in china is based negotiation in china is based totally and exclusively on totally and exclusively on leverage, there is no such leverage, there is no such thing as getting the guests, thing as getting the guests, Thatis Thing as getting the guests, that is a concept that we are Thatis Thing as getting the guests, that is a concept that we are often conversant with in the often conversant with in the western economy, but i do not western economy, but i do not believe it exists in china. Believe it exists in china. Staying with china staying with china in shanghai, businesses in shanghai, businesses are counting the costs are counting the costs of a powerful typhoon that made a landfall of a powerful typhoon that made a landfall In The City on monday. In the city on monday. Shanghais two main airports Shanghais Two Main airports have grounded all domestic have grounded all domestic and international flights. And international flights. Train services have also been cancelled Train Services have also been cancelled in the crucial financial hub. In the crucial financial hub. Gary bowerman from travel Gary Bowerman from Travel Consultancy Check in asia explained the impact this could have on the Travel Consultancy Check in asia in that it can brings sudden, so the impacts, you know they will still continue across china, and if you look back at the recent storm, it hit the philippines and high in the island and we are still seeing impacts two weeks later in me and mark, allows, and vietnam, so the storms are ferocious on the veracity of them is enduring, which is one thing difficult for the Travel Industry to prepare for and to deal with over a period of time. ,. , deal with over a period of time. ,. ,. , time. Just generally about Chinas Preparedness time. Just generally about Chinas Preparedness for i time. Just generally about Chinas Preparedness for these events was to Mark China is well prepared, it is Storm Season. Well prepared, it is Storm Season well prepared, it is Storm Season. , season. China is well prepared, it is Storm Season. China is well prepared, it is Storm Season, season. China is well prepared, it is Storm Season, only season. China is well prepared, it is Storm Season, only so it is Storm Season, only so much you can do after the initial impacts especially after flooded continues across china. Turning to Sri Lanka now its been two years after a severe economic crisis left the country almost bankrupt, and now the country is preparing to vote in a new president this weekend. The economy is the biggest issue this election, as high living costs continue to hurt locals. As spending dips, small and micro industries are feeling the pinch. The bbc� s Archana Shukla takes a look at the businesses that survived, those that didnt. Translation it hurts i to see my factory in ruins. I cried the day i had to shut down my tile factory. But it was expensive for us to do business. No one is buying tiles. Norbert Fernandos Business was stifled for years by Sri Lankas economic crisis. This is the furnace. Yeah. Translation we would bake | 25,000 tiles here every month. We had 50 employees. We built our lives with this but now its all over. Small factories like these bore the biggest brunt of the economic crisis. And this would be one of the big challenges facing the next government coming into power because small industries are crucial for the local economy. And Business Owners tell me more than 300,000 such units have already closed down and many more are struggling to survive. Two thirds of Sri Lankas workforce relies on jobs created by small businesses. And although the economy has stabilised and inflation eased, jobs are hard to come by and incomes are stretched. The government also needs to control its spending. Only bailouts will not help. Experts say need is for long term reforms that propel economic growth. So we need to be able to attract what we call non debt, creating inflows which are like foreign direct investment and into sectors that will actually create more jobs. Because unfortunately, what weve been seeing in the last few years is a huge exodus of human capital. We cant find a job in this country. Its very difficult. Its the youth that feels trapped. We also have dreams. Translation we want to buy a house, a car, i but we cant do anything. Ive been looking for. A job for almost a year. The jobs we find dont pay well. I translation i have done, parttime gigs, did not get a permanent job. Even with my accounting degree. The new government has to create opportunities for educated youth. A generation frustrated about their prospects are seeing this election as their chance to renegotiate their future. Archana shukla, Bbc News, colombo. The Schlenker Election is due to take place this weekend, we would have more as we look towards it. And thats it for this edition of business today. Thanks for watching. Hey, im lola with the catch up. Tonight tiktok fights in court, a historic night at the emmys, and a shy penguin. But first, were talking about a man who you might recognise for hosting this programme. Tonight at ten, thousands of police officers. Huw edwards, once Bbc News top presenter, has been handed a six Month Prison Sentence suspended for two years, meaning he wont spend any time injail. He admitted having indecent images of children. The 63 year old will also be placed on the Sex Offenders register for seven years. Some other stories now. Tiktok heads to court in the us, arguing that a law which would see it banned in the us unless it is sold by its chinese owners would have a staggering impact on free speech. And one of the biggest nights in tv, the emmys, Baby Reindeer Win big with four trophies while shogun made history as the first non English Language show to win best drama, and hundreds of looks take to the catwalk in London Fashion week. Heres one of british vogues favourite. Designer duo, sharapova lena, they are one of the leading forces in sustainable fashion and their show was a super Fun Exercise in creativity. You definitely need to invest in one of those wonderful upcycled skirts. Time now for ten seconds of new zealands best bird. The rare hoiho, aka yellow eyed penguin, takes the crown in new Zealands Bird of the year. Only around 4,000 are believed to be left in the world. So cute. Youre all caught up. Have a great night. Hello there and welcome along to sportsday. Im gavin ramjaun. The Starting Gun is fired into the hearing for manchester citys alleged breaches of the premier leagues financial rules. Well explain what happens from here. Is time winners Real Madrid get their Champions League Defence under way on tuesday at the start of this seasons revised format. And glasgow to the rescue. The Scottish Government is on the verge of agreeing a deal to host a Scaled Down Commonwealth Games in 2026. Hello there, and welcome along to the programme. And we start with football and the hearing into manchester citys 115 charges for allegedly breaking the premier leagues spending rules, which is now under way. City were charged and referred to an independent commission
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