scandal involving not just toyota but toyota, honda, mazda, suzuki, yamaha motor, whole number of companies there. so i imagine this will be the main topic of the meeting. there may be some questions about keeping costs under control, the effect of the weak yen, perhaps the decline in demand for electric vehicles, but really they are going to be tackling this problem head on. i just wanted to say on that point, how do you feel that controversy is likely to impact the company, short and long term? i think, short term, we can't deny the news of what has happened here, but i think it needs to be put into context. we don't actually have any cheating going on here. this is really somewhere between the bureaucratic way the japanese test cars, and actually being driven by one of the ministries, excuse the pun, and the way the press reported this. so what we're talking about here is actuallyjust the difference in a way between the way the domestic cars are tested, because in japan, domestic cars are generally very small, and the way that global models are tested, which are much larger, and to give an example of the problems they had, the domestic cars injapan are supposed to in the crash test be tested with a 1.1 tower. they used a 1.8 tonne car with the global standards and of course that is a violation of the rules. so even though it has been over tested, if you like it is still a violation of the rules. that was reported in the press and it has turned into a scandal. moving on from that, if we talk evs injapan, why has demar not really taken off in the country speaking of auto—makers, hyundai motor shares hit a record high in seouljumping as much as 6% on monday, after the south korean car giant said it was looking to raise $2.5 to $3 billion through a public listing for its india subsidiary. the bbc�*s india business correspondent nikhil inamdar has the latest on why this has got the markets so excited. well, she and i have filed its preliminary papers over the weekend and if this listing does get a nod from india's regulators then it could easily become the country's biggest offer for sale, become the country's biggest offerforsale, rivalling become the country's biggest offer for sale, rivalling the life insurance corporation of india. the korean auto—maker is looking at selling at 17.5% stake. there will be no new shares issued but a delusion by the existing shareholders. while there are no new details yet on the pricing of the ipo or the valuation, media reports suggest he and i might be looking at a company valuation of about 20 that is nearly half that of its parent. in this listing in india may have beat the discounted variations korean companies typically get. this is one reason the market jumped at the knees. hyundai's valuation comes at a time when the markets are trading at record highs. the company will be the first auto giant to go public in the world's third largest car market two decades after the market leader listed on the exchanges. it is a reflection of india's growing importance of the company, where it has invested over $5 billion, and committed to invest billions more over the next decade. china has launched an investigation into pork products from the european union, in what appears to be a tit—for—tat action. last week, the eu decided to impose tariffs of up to 40% on chinese electric vehicles. the investigation into eu pork could result in beijing imposing its own tariffs. it imported about $3 billion worth of pork products from the eu last year, with spain accounting for half that total. wh group, the largest meat producer in china saw its shares fall 5% in hong kong earlier today. more news now. boeing is back in the spotlight, as outgoing ceo david calhoun gets ready for another appearance on capitol hill. 0ur north america business correspondent erin delmore has more on what to expect from his testimony on tuesday. in tuesday's hearing in front of a senate subcommittee, mr calhoun plans to speak directly to the families of the 346 people killed aboard two boeing flights more than five years ago. according to his prepared remarks, he will also express regret about a january incident that led to a door panel blow out mid flight aboard a 747 max 9 aircraft, as well as gratitude there were no fatalities. mr calhoun had served as president and ceo of boeing since january 2020. he plans to tell senators he understands the gravity of boeing's responsibility to uphold aerospace safety and that the company will take action to ensure its safety standards are met and will hold itself accountable. but he will be asked to answer for the company's failures, including criticism that the company put profit over safety. a recent meeting between boeing executives and the united states chief aviation watchdog ended in a plan for systemic change, and no plans from the watchdog to allow boeing to increase production of its 737 maxjets. it comes amid a trying chapter for the aerospace giant and the end of a chapter for mr calhoun himself. he has announced he will be stepping down later this year and the search for his successor is under way. boeing has in recent months shaken up its senior leadership team, and the firm's shares have fallen around 30%, year—to—date. apple is ending its own �*buy now pay later�* programme in the us, which it launched last year. instead, apple pay customers will now be allowed to take advantage of the model in other ways. they'll be able to opt in to installment loans, through their credit and debit cards, and through third—party lenders, like affirm, during the apple pay checkout process. this is expected to take effect later this year, and will apply to customers worldwide. the us federal trade commission is suing adobe and two of its senior executives for allegedly deceiving consumers by hiding hefty termination fees, making it difficult for them to cancel their subscriptions. according to the lawsuit, adobe buries the feeds, which can amount to hundreds of dollars, in the fine print of its subscription plans. in a statement, adobe defended their subscribtion service, saying it was cost effective and flexible. they pledged to refute the ftc�*s claims in court. sticking with the us — shares of gamestop slid on wall street, down 12%, after the american video game retailer failed to provide updates about the company's future strategy. the stock surged last month, following the return of an investor, known as "roaring kitty". he was credited for 2021's rally in meme stocks, where retail investors drove massive gains in gamestop and other struggling firms, contrary to the bets of many professionals. michele schneider from marketgauge explained why this time round the meme—stock frenzy was a little different. we certainly saw the disappointment for their shareholders when they had sold off about up to 12% today, but essentially what is really historic here is that a meme stock that really had trouble, in terms of their business plan being profitable, their last earnings were dismal, raised 4 billion in cash, and so of course it would be a disappointing outcome when they didn't have any kind of clear outline of what they were going to do, now they are flush with cash, and so it is really going to be up to ryan cohen to come up with something interesting, or it could be trouble for roaring kitty. we saw a rally in the stock of gamestop since the return of roaring kitty. is it similar to the one during the pandemic? it went up to $483 billion before it topped out, and we couldn't even get to 70, which everyone was looking at, because that was going to make, keith gills is his name, a billionaire, and it didn't happen. the difference we have now is in 2021 people were home and everything was rallying after the major stimulus in zero interest rates. now we have higherfor longer, but we have an ai rally, which is acting more like meme stocks than actual meme stocks. what will you be looking out in the days ahead around gamestop? realty trusts which has not done very well because the real estate market has been so nuanced here in the united states. so perhaps we might get some interest, but i really believe that while we have this tremendous rally going on in the s&p and nasdaq, that the retail investors are having so much fun there, there really isn't a reason to do the short squeeze, particularly as institutional investors have become keen on the fact that if something they heavily short starts experiencing volatility, it is probably time for them to pay attention. so i'm not sure the meme stocks are really going to be the thing right now, unless maybe we see some kind of downturn and start to see short float go up. before we go, a quick update on this. london has become euro�*s largest stock market again, almost two years after losing the crown to paris. the total value of companies listed on the london stock exchange hit $3.18 trillion on tuesday, and analysts say the value of the french market has fallen because of uncertainty about the snap election that has been called there. it overtook london in 2022, when the uk's underperformance was based on economic policies, the weak pound and brexit. you can find much more on the bbc news website and you can go on to the business page to get all the very latest. and that's it for this edition of business today. thanks for watching. hello and welcome to sportsday, with me, paul scott, here at the bbc sport centre. here is what is coming up. france are up and running at euro 2024, thanks in part, to this unfortunate own—goal. tennis stars, aryna sabalenka and 0ns jabeur, become the latest players to say they won't be competing at the paris 0lympics. and bangladesh complete the line—up for the t20 cricket world cup�*s super 8s, after victory over nepal. hello, there. welcome along. let's start at the european football championship. france have made a winning start, after beating austria, 1—0, in dusseldorf in group d. but, as patrick geary reports, they needed a bit of luck along the way. the bigger the star, the bigger the close—up. the focus is always on killie and mbappe, as a global icon the france captain's every move is watched. it's another thing trying to keep up with him. austria escaped but they had the capacity to do more than survive. the austrians have been on good form and here for christophe baumgartner, a great chance. and maihnan did his job superbly! a sliding doors moment, because in a blink of the match moved on, mbappe moved on, mesmerisingly. oh, it's an own goal, france have taken the lead! typical, magical, a conjuring trick that made poor max verber the stooge. it is easy for mbappe to be taken for granted, so when he got away here everyone knew what would happen next until somehow it didn't. and misses, goodness me!