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Almost a year on, Air India crash families are pushing back on the payouts.
It's World Business Express from the BBC World Service.
I'm Leanna Byrne.
As Vladimir Putin addresses Russia's economic forum, we look at the country's growth.
And how much does it cost to go to the Monaco Grand Prix?
It's a year since Air India Flight 171 from Ahmedabad to London crashed, killing 260 people and injuring 67.
The crash investigation is still ongoing, but many families have already received settlement offers from Air India.
The BBC's Archana Shukla has been speaking to some of them.
Erinte is offering a final settlement offer to several of the victim families, giving them additional sums of money over and above the interim payout they had made.
But in return they're asking them to sign up rights to sue anyone or any party or any company in future in lieu of that financial sum.
You know, we've seen those settlement documents.
These amounts vary widely.
Some are as low as a few thousand dollars.
Others are a little bit more.
Some even go up to half a million.
But they all come with the same condition.
The problem that most of the families say which is raising concerns is that it's not asking them to give up future legal rights and settle only with the airline, but they are asking them to give up future claims against the planemaker, parts supplier, even the regulator and the government, all of who could potentially be liable for what happened.
And the difference in the offers that Indian families and UK families are getting are also different.
We've spoken to a lawyer representing 25 UK families who say that the offers that they are negotiating are for higher amounts and there is no ask for a sweeping waiver like what the Indian families are getting.
And we've been speaking with multiple families over the last several weeks And they really say they are faced with this painful choice, whether they want to settle now or they want to pursue accountability.
I've been speaking with Abbas Padaria, whose mother, Mariam, was on the plane and she was killed.
Here is what he told me.
They have put a number on my mother's life, and the compensation offered to us is way lower than other families.
Was her life less valuable?
They are offering a few thousand dollars in addition to the interim amount and say we can't hold anyone responsible for the crash later.
We give up all future claims.
We haven't signed yet.
So Archana, what has Air India said about this?
Has it explained why the big discrepancies between Indian and UK victims?
Air India did respond to our detailed queries.
They did not give very specific answers, but they did say that they believe their offers are fair and it's within the law.
But lawyers, you know.
We've been speaking with them and they say that It's a little unfair because they're asking families to make permanent, irreversible decisions before the crash investigation has actually established what caused the accident.
And this may leave families with no legal cover or no legal recourse to seek accountability in the future.
So asking for these large waivers could be damning for the families later on as far as their legal recourse is concerned.
Archana Shukla there.
President Vladimir Putin is speaking at Russia's flagship economic forum in St.
Petersburg today.
Last month, Moscow cut its 2026 growth forecast by nearly a percentage point.
Our Russia editor, Steve Rosenberg, has been speaking to President Putin's special envoy, Kirill Dmitriev, and asked him about Russia's slowing growth rate.
It's not as much growth as last year, but it's not as bad as UK and European media says.
It's definitely better than European economy, better than UK economy.
Why?
Because Russia has diversified quite a bit, but also benefits from higher prices on oil.
Yes, interest rates are a bit too high.
We believe they should be lower for more investments.
But Russia's economy has proven resilience over the last five years.
Somebody that many Western analysts believe is impossible.
And many people forecast a collapse of the Russian economy.
Five years ago, four years ago, three years ago, two years ago.
So Russian economy is resilient, is doing well.
Actually, it's Europe who needs Russia to provide gas.
It's Europe who needs Russia to survive.
Big budget deficit, though.
That's growing.
And a fuel crisis now in Russia, isn't it?
But let me put this in perspective.
So debt to...
GDP in Russia is around 14% versus over 100% in Europe, 114% in the US.
So Russia macroeconomically is much more stable than Europe, UK or the US.
Budget deficit can be much, much higher.
So, once again, if you look at realistic numbers, you see that Russia economy is faring very well and it's very important that this is really that decisions by Europe and UK are based on the real numbers, on the real situation and not on their wishful thinking, because we feel that warmongers in UK and EU, people who don't want the conflict to finish, sometimes put wrong assumptions, wrong numbers in media and become victim of their own false narratives.
That was Vladimir Putin's special envoy, Kirill Dmitriev, speaking to Steve Rosenberg.
Now, US jobs growth has come in much stronger than expected.
Employers added 172,000 jobs in May.
Let's bring in Randeep Somal, fund manager at M&G Investments.
Randeep, what's this telling us?
It shows the US economy remains very strong, Liana.
Unemployment held at 4.3%, and this is despite inflation staying quite high.
To put this into context, it's the strongest three months in two years.
And, you know, quite a difference to what we're seeing in Europe.
However, it has had a negative impact on the US stock market today because the likelihood of decreasing rates is starting to dissipate.
All right.
Also, India's economy grew by stronger than expected, 7.8 in the first quarter.
Strong numbers there and better than expected, Randiv.
They are.
I mean, India's had a fantastic decade under Prime Minister Modi and the reforms that he's put in place.
Coupled with very strong demographics, India continues to grow.
The stock market, however, is down just over 10% this year, so actually one of the laggards.
But that's mainly due to the fact that India relies very heavily on imported oil and gas.
And the government have had to put in restrictions, essential travel only, working from home.
And the economy is starting to feel that now.
All right, Randeep Samal, thank you so much.
A French tech billionaire is pleading with lawmakers to change rules that date back to Napoleon, so he can disinherit his five children.
Pierre-Edouard Stern, who has stirred controversy in France for donating to right-wing politics, says
He wants to give his fortune to charity instead.
He has a net worth of $1.6 billion, which he made from his gift voucher company, Smartbox.
And the co-founder of AI, giant Anthropic Jack Clark, is warning that artificial intelligence is showing signs it could escape human control.
The US company is proposing a slowdown in developing it.
He's been speaking to the BBC's Fievel Islam.
Right now, it's like the AI industry has a gas pedal, but it doesn't have a brake pedal in the car.
And what we're saying is we want to do some of the work required to build that brake pedal, so we in the world have an option.
It's not obvious today that you want to do that, but absolutely at some point in the future you might say let's get all of the benefits we can for say, biology and medical research and let's take a pause or take a moment on AI research, where we can absorb the societal changes implied by this.
A number of Silicon Valley AI companies are raising tens of billions of dollars, including yourself, at valuations of a trillion dollar plus.
And some argue that these are sort of great narratives that help you sell your kit to the world's biggest companies and walk away with these epic valuations.
Well, all I can say is I'm a father, you know, my second child.
I came back from paternity leave and my reaction was something really important is happening here and we need to tell the world.
This is part of our public benefit mission is tell the world what we're seeing inside these companies with this unusual technology.
That's the motivation for this.
That was Anthropics' Jack Clark.
And this weekend, one of the most glamorous events in the sporting calendar is taking place the Monaco Grand Prix.
On race weekend, Monaco's hotels can cost tens of thousands of dollars a night.
So many racegoers stay over the border in France.
Jemison Farn is a luxury property specialist on France's Côte d'Azur.
They are actually doing more so packages for the big hotels in Monaco.
It can be anywhere from 35,000 a night and up.
It depends on what you want.
But every demographics tends to go to the Monaco Grand Prix.
So people will book an Airbnb flat and just take the train in.
That was Jemson Farr and property specialist on Francis Cote d'Azur.
And that is it from World Business Express from the BBC World Service.
I'm Leanna Byrne.
Have a great day and thanks so much for listening.
From next week, Business Daily is changing.
I'm Sam Fenwick and every Tuesday I'll be following the money, taking something you buy, something you use, something you barely think about and tracing where the cash actually goes.
And with Double Take, hearing the same story told from two different parts of the world Business Daily from the BBC World Service.
Find us wherever you get your podcasts.
We are going to have you.
Take all the money out of the vault of your bank.
And if you don't do everything we tell you to do step by step, you will be murdered.
Discover stories from people whose lives and experiences are anything but ordinary.
Without every single experience.
Exactly as it happened, aligning exactly as it did.
I wouldn't be me.
And I am what I am and I'm enough.
Lives Less Ordinary from the BBC World Service.
Listen now wherever you get your BBC podcasts.
