World Business Report: Recent Episodes
BBC World Service
The "Ice Silk Road" will run along the north Russian coast on its journey between Ningbo on China’s east coast and Felixstowe in the UK. Sea Legend, the Chinese container shipping company behind it, say the region is emerging as a viable alternative to the world’s traditional shipping routes.
Also, officials in Germany say falling water levels on the river Rhine could mean that it split into two separate sections for cargo boats. The river is forecast to drop below ten centimetres this week making part of it too low for commercial shipping and cruises.
The US saw a weaker market after losing 23,000 jobs in July and it's figures are much worse than expected. We'll be hearing why the American economy isn't creating more jobs.
Plus, could oil be the saviour of Venezuela's economic needs? As the conflict in the Middle East continues to choke global supplies, Venezuela has a unique opportunity to gain market share and investment through having the world's largest reserves.
And, Wetherspoons, a large pub chain in the UK has banned Meta's smart glasses which allows the wearer to film what they're looking at, sometimes without the subject's knowledge. We hear from a bar owner who's followed suit for their customers' privacy.
Overall, the US economy shed 23,000 jobs in July in the latest sign of a cooling labour market. Traders say an interest rate rise is now less likely.
Meta, the owner of Instagram and Facebook, has been fined a record penalty of half a billion dollars in a court case over child safety.
And a row has broken out in the UK as a local authority tries to stop people standing up in pubs.
This summer has been heatwave after heatwave, and countries like Turkey and Romania have seen a bumper harvest, we're taking a look at how the extreme heat is impacting farmers around Europe and what that could mean for food prices.
We'll hear from a SpaceX employee who's been made a millionaire after selling his shares, and is it ever acceptable to wear shorts to the office?
PHOTO CREDIT: EPA/Shutterstock
As some SpaceX shares become available to sell, it's potentially a massive payday for staff. We hear from a former worker about his plans for the money.
Plus, across the world, communities are counting the costs of wildfires, conflict and geopolitical instability. The boss of Swiss Re speaks to Sarah Rogers about the impact on the insurance industry.
FIFA's leadership is under scrutiny as Gianni Infantino hosts crisis meeting with senior officials as their are calls for him to resign. Ed Butler will be hearing what his future is looking like.
Also how a record drought is cutting rail freight in Europe and why the Saudi Crown Prince is buying one of the world's top video game developers.
Photo Credit: PA
Lift-off for Elon Musk's tech company, SpaceX, as it reports its first results since going public. We examine what the company is worth and hear investors' reaction.
Also, we look at Spotify's latest user numbers and explore whether the music streaming giant could be running out of new listeners.
Elsewhere, we hear from tech workers in Gaza, ten months after the US-brokered ceasefire between Israel and Hamas.
And, how Europe has spent the summer trying to buy its way out of the heat.
PHOTO CREDIT: (EPA/Shutterstock)
Oil companies are seeing their profits spike as the Iran war continues, but President Trump says they're making too much money. So why are profits so high? Sarah Rogers takes a look. Plus, how would you feel if the government was allowed to access data from your phone? US tech giant Apple has confirmed it has launched a new legal complaint against the UK government for trying to do just that.
We explore the impact of the Danube river running at its lowest level in decades on freight, car production and nuclear reactors in the area.
Elsewhere in a big few days for the media sector, we explore why superheroes are back, the latest on the sale of Electronic Arts and why Netflix is going into short form content.
Also, why one of Europe's most wanted drugs fugitives is living freely and with government protection in west Africa
And how Japan and the US have carried out a rare joint intervention to prop up the Yen
PHOTO CREDIT: (REUTERS/Marton Monus)
Ukrainian drone strikes hit Wildberries warehouses across Russia, with 16 distribution centres damaged or destroyed in the past fortnight. As the country's biggest online retailer faces disruption and a Lukoil oil refinery is also hit, we examine why Ukraine is targeting Russian business infrastructure.
Also, oil prices rise after Iran stops two vessels attempting to leave the Strait of Hormuz. We ask why crude has not surged even higher, and look at how China's hidden oil reserves have helped limit the impact on global markets.
FIFA faces a growing backlash over plans to sell minority stakes in a new commercial entity controlling future tournament rights, with UEFA, other federations and senior figures inside FIFA pushing back against the proposal.
Plus, we examine the collapse of an AI-focused hedge fund once valued at $45 billion, led by 24-year-old tech entrepreneur Leopold Aschenbrenner, after its assets were bought by a rival firm for less than $10 billion.
Image Credit: STRINGER/EPA/Shutterstock
Asian markets rebound strongly after a turbulent week for some of the world's biggest chipmakers. We look at what's behind the turnaround and whether investors are still worried about AI spending.
Also, opposition grows to FIFA's plans to sell stakes in the World Cup to private investors.
And another Ukrainian drone attack targets Russia, while China's factory activity unexpectedly contracts.
We hear why UEFA is threatening to boycott future World Cups in a major showdown with FIFA over plans to create a new commercial entity to run its tournaments. As the row intensifies, we'll ask what it means for the future of football's biggest business with the New York Times' Tariq Panja.
Also, the BBC's Nawal Al-Maghafi reports from Iran after a new wave of US strikes, looking at the impact on a country already facing deep economic and security pressures.
And we look at Washington's move to restrict Chinese-made robots from entering the US market on national security grounds, and what it means for the future of automation and global trade.
Photo Credit: Reuters
The US has moved to block new foreign-made robots from its market over national security concerns, with Chinese manufacturers expected to be hit hardest. Beijing says it could retaliate.
We also examine the health of the US economy, as growth disappoints and inflation remains stubbornly above the Federal Reserve's target.
And Australia's internet regulator takes legal action against Telegram over its alleged failure to remove terrorist content.
We'll hear reaction from the world of football as Fifa offers federations $40 million each to rubberstamp its plan to sell some of its commercial rights. As FIFA sends a letter to football associations explaining the plan and giving them a deadline of mid-September to agree
Also, we find out the bizarre story of why eBay had to pay one couple $56 million after a campaign of harassment.
And why Cuba has moved to open crisis-ravaged parts of its state-run economy to private firms.
Elsewhere we get the latest from the US Federal Reserve which held rates despite rising inflation.
PHOTO CREDIT: Reuters
Jewellery and a strong North American market helped luxury goods giants LVMH and Kering grow sales even as promblems in the Middle East and China hampered the sector overall. We get insight from the former head of LVMH's head of North America.
Elsewhere, it's "the same again" for tech investors in Asia, as trading on the Kospi index is holted to stave off a rout after Korean chipmakers SK Hynix and Samsung saw further sharp falls in their share prices.
World Business Express - Finance, economy and business news from BBC journalists around the world. The stories that matter: World Business Express brings you the essentials on the fast-changing global economy.
FIFA faces a backlash from UEFA over plans to create a new company with private investors to run major tournaments, including the World Cup. So what could this mean for the future of football?
Some of the world's biggest tech companies, including SpaceX and Tesla, have seen sharp falls in their valuations. What's driving the sell-off, and is it likely to continue?
Peru has sworn in its first female president. What challenges lie ahead, and what could her presidency mean for the country's political future?
(Picture: FIFA President Gianni Infantino arrives at the stadium before the match REUTERS/Agustin Marcarian/File Photo)
South Korea's Kospi index halts trading after huge falls for tech stocks like Samsung and SK Hynix. Are investors starting to fear the arrival of Chinese AI chipmakers? Also, firefighters in France and Spain are continuing to battle wildfires that have forced hundreds of thousands of people from their homes and seen tens of thousands of businesses forced to close. And one of London's most iconic landmarks is looking for an apprentice.
From Barcelona to Mallorca, anti-tourism protests have spread as residents say booming visitor numbers are driving up costs and putting pressure on local communities.
Wildfires are threatening France's famous Bordeaux wine region, with tourists urged to stay away as the flames spread.
And why Germany is making it harder for workers to call in sick.
(Picture: A demonstrator carries a placard during a protest against mass tourism and gentrification in the Balearic Islands, in Palma de Mallorca, Spain, Credit: REUTERS/Francisco Ubilla)
Wildfires are disrupting businesses, transport and tourism across France and Spain at the height of the summer holiday season.
Also in the programme, China's leading memory chip maker makes a blockbuster stock market debut.
And Indonesia faces fresh economic uncertainty after the surprise resignation of its central bank governor.
Paramount agrees to pause its Warner Bros deal after dozen US states seek to block this deal. We look at the impact of US tariffs of between 10 and 12.5% on imports from many of America’s major trading partners. And how OpenAI's recent rogue attack on a fellow company may influence other AI firms to look at their cyber security systems.
(Picture: GV of American landmark the Hollywood sign, Hollywood Hills, LA, California. Credit: BBC)
New import taxes have been placed on more than 60 trading partners of the United States. Businesses in Australia and Norway give us their reaction
Tech stocks continue to struggle
and should AI have a 'kill-switch'
Presenter: Barbara GeorgeEditor: Justin Bones
US President Donald Trump has announced 10-12.5% import taxes for 60 countries, including China and the EU. It comes months after the Supreme Court overturned his initial programme of tariffs. So what countries are being targeted now, and why?
As Houthis in Yemen resume attacks in the Red Sea, oil hits $100 a barrel once more.
And weeks on from Venezuela's devastating earthquakes, the World Bank estimates the country has seen almost $20 billion of damages.
(US President Donald Trump speaks during a press briefing at the White House, following the Supreme Court's tariff ruling, February 20, 2026. Credit: Reuters/Elizabeth Frantz)
The price of oil has gone back above $100 a barrel which could mean higher prices at the pump. It's after attacks on at least one tanker in the Red Sea by Iranian-backed Houthis
Plus a shortage of eggs in Myanmar has led to prices soaring
and the footballers rewarded for winning the world cup in Tomatoes
Presenter: Gideon LongSenior Producer: Naomi RaineyEditor: Justin Bones
Why OpenAI technology 'went rogue'? According to IT giant, some of its most advanced AI models went rogue and hacked a start-up after it lost control of them during a security test. Russia is feeling the economic impact of its war with Ukraine after drone attacks destroyed warehouses belonging to the country's biggest online retailer. We hear from the business owner who lost all her money. And we look at why Japan is urging men to wear shorts to work.
(Picture: OpenAI says AI agent exploits vulnerabilities in security test, Berlin, Germany - 22 Jul 2026. Credit: EPA/Shutterstock)
New 25% US tariffs on selected Brazilian imports are raising trade tensions. What impact could they have on Brazil's economy?
Also in the programme Malaysia's ambition to become Southeast Asia's next data centre powerhouse.
And why a campaign encouraging Japanese office workers to wear shorts is causing controversy.
Presenter: Gideon Long Producer: Barbara George Editor: Naomi Rainey.
The US administration is hitting its neighbour Canada with a 50% tariff on imports. Products include wine, cement and even hockey sticks. We speak to Canadian businesses about how they are preparing for the latest round of tariffs.
Also, President Trump has promised to help Lebanon "a lot" during a landmark meeting with his Lebanese counterpart in Washington. We hear from a food importer about what it is like doing business in the country.
Elsewhere, we check in with a football fan from Curaçao to find out how much a trip to the World Cup cost him.
And weight-loss drugs are a multi-billion-dollar industry. We explore why its two biggest players are heading to court.
(Photo: Canada's Prime Minister Mark Carney speaks after touring General Dynamics, a defence manufacturing facility, on the day he announced new measures to strengthen Canada's defence capabilities in London, Ontario, Canada, 16 July, 2026. He wears a navy blazer and a white shirt, with a light blue, patterned silk tie. Credit: Carlos Osorio/Reuters)
US President Donald Trump has announced a new 50% tariff on a wide range of goods imported from Canada. We hear from a group representing auto manufacturers.
Plus, another blow for Paramount in its bid to take over Warner Brothers And we look at the challenges facing clothes-makers in Bangladesh
Presenter: Gideon LongProducer: Victoriya HollandEditor: Naomi Rainey
The United Kingdom has its seventh prime minister in just over a decade. Like many leaders the world over, Andy Burnham has vowed to tackle the cost-of-living crisis and revive economic growth. But is it within his gift?
And we find out why millions of passengers from outside Europe are finding long queues waiting for them when they land at airports across the continent.
Also, as Spain celebrates its historic World Cup victory over Argentina, we drop in on the party in Madrid.
PHOTO CREDIT: Jeff Overs/BBC
The UK gets its fourth Prime Minister in just five years - but what can he do for the economy?
Russia feels the economic impact of its war with Ukraine after drone attacks hit the country's biggest online retailer. We hear from the business owner who lost all her goods in the fire.
And if you're going to Europe on vacation this year - why it might take a little longer to get through the airport.
Presenter: Sarah RogersProducer: Victoriya HollandEditor: Gideon Long
Adidas sponsor finalists Spain and Argentina while Nike sponsor defeated semi-finalists England and France. How big a deal is this in the battle for sports branding dominance?
We also hear what football fever in North America did for a local business that sells football shirts.
And, Andy Burnham will become the new British prime minister next week but hasn't said much about his economic policies. The BBC's economics editor Faisal Islam goes to Manchester, Burnham's former mayoral constituency to look at his track record there.
Plus, the Bayeux Tapestry returns to England after nearly a thousand years and will be displayed in the British Museum. This has been controversial because its priceless and fragile with thousands signing a petition asking for it not to be moved. Culture Editor Katie Razzall tells us how it's being looked after.
A sharp sell-off in AI stocks sweeps across Asia.
India joins a select group of countries running hydrogen-powered trains.
And Netflix shares fall after its latest outlook disappoints investors.
Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Josh Martin
Smoke from wild-fires covers much of North America. Toronto, Chicago and Boston are all under the smoke haze.
Indian Government bans its seafarers from going through the Strait of Hormuz.
And in Italy, thirty-two people were found guilty in connection with a bridge collapse in Genoa in 2018.
The company TSMC is riding the artificial intelligence investment wave all the way to the bank, as profits surge at the Taiwanese advanced chip manufacturer.Our correspondent in New York City will dig into the latest jobs and spending data - has the city's big summer of events made consumers feel more confident?And we head to Europe's biggest port - Rotterdam - to hear about a court case locals have taken to force the industrial hub to go greener, faster.
World Business Express - Finance, economy and business news from BBC journalists around the world.
New York becomes the first US state to impose a moratorium on building large-scale data centres.
The measure, announced by New York's Governor Kathy Horchul, applies to all centres using 50MW or more of power and will remain in force for a year. We hear what the moratorium might mean for business.
The announcement comes hours after Australia's prime minister Anthony Albanese announces tougher rules for companies wanting to build data centres there.
Elsewhere, the removal of a border fence separating southern Spain from the British Overseas Territory of Gibraltar puts an end to border controls that have been in place for 118 years. And our correspondent Anna Holligan looks at Europe's largest freight port in Rotterdam, which is under pressure to be greener.
Chinese GDP growth slowed to 4.3% but success in electric vehicles and EV batteries boosted export earnings. We also head to Gibraltar where citizens and businesses of "The Rock" and Spain cheer the end of passport checks on the frontier border following the post-Brexit agreement between Spain and the UK.
World Business Express - Finance, economy and business news from BBC journalists around the world. The stories that matter: World Business Express brings you the essentials on the fast-changing global economy. What forces are driving the markets and industry? Hear unique insight from top CEOs, investors, economic thinkers and small business bosses.
Big banks, big profits...We're looking at the handsome results posted by five big US banks today.
We'll also look at threats to wheat exports in both Russia and the United States
And why is American beef so pricey at the moment?
(Picture: Close-up of benjamin franklin on scattered one hundred dollar bills. Credit: Getty Images)
US banks see supersized profits as dealmaking streak continues, but will US households feel any richer after inflation data showed gasoline prices at the forecourt eased for drivers. Video conferencing app Zoom has predicted a three-day working week as AI boosts worker productivity...but do bosses agree? And what will the fallout be for Paramount and Warner Brothers after their media mega-deal hit a regulatory roadblock?
Twelve US states sue Paramount Skydance over its planned takeover of Warner Brothers. We hear from California's attorney general Rob Bonta who's leading the charge against that proposed 81 billion dollar Hollywood merger.
Plus, South Africa's biggest diamond mine pauses production for two years. Find out why?
And what would you pay for a bit of trash from Taylor Swift's wedding?
(Picture: California Attorney General Rob Bonta holds a press conference next to the iconic Hollywood sign, in Los Angeles. Credit: Reuters)
One man's trash is another man's treasure, but would you pay $25 for a cube of rubbish collected outside Madison Square Garden where Taylor Swift and Travis Kelce were married? The Strait of Hormuz is effectively closed, with BBC Verify finding that only a handful on vessels crossed the body of water in the last 24 hours after tensions increased between Iran and the US. Also, we head to Delhi were new electric vehicle policies aimed at cleaning the air have been criticised by rickshaw and moped drivers. World Business Express - Finance, economy and business news from BBC journalists around the world.
Tough times for the gaming industry after news of more lay-offs, this time at Microsoft's Xbox gaming division, Will Bain asks developers and designers if it's all doom and gloom, and what challenges like ahead. And authorities are carrying out investigations after a Ryanair passenger was partially sucked out of a Boeing 737 when a cabin window shattered mid-flight, thousands of feet in the air. We speak to an aviation safety expert about what that investigation might look at and what the incident means for the airline industry.
A Ryanair passenger was partially sucked out of a Boeing 737 on a flight from Greece to Germany, after a cabin window shattered. Authorities are investigating the cause.
The European low cost carrier Easyjet is set to become part of a bidding war between two US based private equity firms.
And a heatwave in central Europe has farmers in Switzerland worried.
Volkswagen, whose 10 brands range from Seat to Porsche, is making sweeping production cuts in Germany. We take a look at the impact this is having on the automotive industry in the country.
A row over Peking duck is adding to already tense relations between Brussels and Beijing. The European Commission has opened an investigation into whether Chinese duck meat is being sold in Europe at unfairly low prices. We take a look at the wider dispute.
And since the United States imposed a near total fuel blockage on Cuba six months ago, the island's food crisis is deepening.
Presenter: Leanna ByrneProducers: Rob Cave, Parisa Qurban, Aleeza Siddiq.
Energy price rises since US/Israel war with Iran has affected Chinese manufacturers. But retailers in China struggle to raise prices as consumers watch their budgets.
Volkswagen's Board is considers move to cut 100,000 jobs in Germany.
And we learn about the political philosophy of Manchesterism and how it may soon be seen in No 10 Downing Street.
Pioneering entrepreneur George Johnson has died aged 99. We speak to Valerie Jarrett, American businesswoman, former Senior Advisor to the President of the United States, and chief executive officer of the Obama Foundation. She knew George Johnson throughout his life, and was a close friend.
Russia has banned exports of diesel in order to avoid domestic shortages, after a flurry of attacks by Ukrainian drones on the nation's refineries. We take a look at what impact this is having on the country.
The US military says it has carried out a second night of airstrikes on coastal targets, we get the reaction from the oil markets.
Presenter: Leanna ByrneProducers: Rob Cave, Parisa Qurban, Aleeza Siddiq.
(Picture credit: George E. Johnson, founder of Johnson Products Company, during the Harvard University Hutchins Center Honors W.E.B. Du Bois Medal Ceremony on November 4, 2025. / Photo by Erica Denhoff / Icon Sportswire via Getty Images)
Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable.
Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz.
And the world's biggest professional ESports event gets under way in Paris.
Twenty five days ago SpaceX debuted on the stock market in the largest initial public offering in history, selling US$75bn worth of shares. Now its joined the Nasdaq 100 index of firms including Microsoft, Apple and Nvidia, so why have its shares fallen? We hear from tech investor Eileen Burbridge and financial advisor Jennifer Snyder on why investors might not be feeling reassured.
Canada's launching a new national strategy for artificial intelligence called the 'AI for All' plan, setting targets for economic growth, jobs and safeguards as the government looks to strengthen its control over the technology.
Leanna Byrne speaks to Jerry McGinn of the Center for Strategic and International Studies (CSIS) on how NATO countries will pay for the biggest rise in defence spending in decades.
And China’s robotaxi firms are racing overseas, but will passengers trust cars without drivers? Global business news, with live guests and contributions from Asia, Europe and the USA.
(Picture: SpaceX founder and CEO Elon Musk is shown celebrating the company's debut on the Nasdaq market in New York City, New York, USA, on 12 June 2026. Credit: Sarah Yenesel / EPA / Shutterstock.)
Motorists are angry that petrol in India must contain 20% ethanol alchol.
Samsung's profits jump on sales of memory chips for AI, but the share price falls.
And can China become the global leader in self driving cars?
With Microsoft announcing nearly five thousand job cuts, and XBOX bearing the brunt of the losses, we look at what's changing in the world of gaming and hear from former Xbox executive Peter Moore on how it might affect some of the globe's most popular computer games.
Meanwhile, as NATO leaders prepare to haggle in Turkey over defence spending, we get advice from Sweden's former Prime Minister Carl Bindt on how countries balance their budgets against growing security demands.
Also on the programme, Andrew Peach discusses the growing concern around political interference in football after FIFA's shock decision to overturn United States forward Folarin Balogun's suspension for a red card offence.
And as World Cup games in Mexico come to an end, Mexico City's tourism minister Alejandra Frausto Guerrero talks about the country's hope for a boost in tourism.
The latest business and finance news from around the world, on the BBC.
(Picture: A teenager holding a controller to play a video game on a Microsoft Xbox One console, in Corfe Mullen, Dorset, UK. Credit: Yui Mok / PA.)
Europe's second biggest low cost airline accepted bid after months of wooing. If the deal goes through, the new owners Clearlake will take the business private.
NATO to discuss a proposed Defence, Security and Resilience Bank, aimed at boosting lending to member nations to pay for a ramp up in defence.
And US rock band Metallica are funding work apprenticeships as part of their current stadium tour of Europe.
Swift wedding rumours, FIFA World Cup crowds and extreme heat hit New York on America’s birthday weekend. With electricity demand soaring, we hear what is happening on the ground.
We are more than halfway through the 2026 World Cup, but ticket resale platforms have been causing problems for some fans, who say their tickets were cancelled at the last minute or never arrived. We hear from fans and experts.
Spain is the world’s second-most popular international tourist destination, and travel company research suggests this year could be another strong one for the industry. But not everyone in Spain is happy about the country’s tourism success.
Presenter: Vishala Sri-PathmaProducers: Josh Martin and Haider Saleem(Picture: A fan of singer Taylor Swift gives an interview ahead of a reported wedding. Credit: REUTERS/Brendan McDermid)
A big birthday, a big wedding and big temperatures...it's a big weekend in the United States for citizens and business owners. Also, Russia takes more steps to tackle its growing fuel shortages. And why a Japanese mayor is facing criticism for taking maternity leave. Presenter: Bisi AdebayoProducer: Victoriya Holland Editor: Justin Bones
With just 57,000 posts created in June, half the number expected, the US jobs market is showing signs of cooling. We talk to a restaurant owner about why it's getting harder to hire.And the latest on the computer gremlins causing chaos at European airports. We hear from the family of a businessman delayed by 12 hours and a travel expert: Are glitches in the new EU-wide border control system going to spell a summer of misery for non-European travellers?Also, if you were to hold your wedding in Madison Square Garden, how much would it set you back?
Is the US jobs market starting to lose momentum?
Also, Europe's new border system is leading to long queues at some airports this summer.
And India has told Meta to delay a new WhatsApp feature over fraud concerns.
Presenter: Bisi Adebayo Producer: Victoriya Holland Editor: Justin Bones
As Eurozone inflation lowers to 2.8% in June, heads of the US and European central banks have say inflation isn't beaten yet. We look at why top bankers are still worried about inflation and what's actually driving it.
Also on the programme we speak to one of the Gulf's oldest oil companies about why the Gulf oil industry will have to build back better to secure supply chains.
And as one of California's own becomes a trillionaire, the state prepares to vote on taxing exactly that kind of wealth.
PHOTO: REUTERS/Pedro Rocha
The European Union has introduced a customs charge of just over $3 on low value items bought outside of the bloc. We hear from the EU commission MP who explained us why these measures are so important.
The US president Donald Trump made more than $1 billion last year, from business dealing in cryptocurrency.
And the toxic pufferfish with razor sharp teeth that are invading the waters around Greece, causing a huge problem for the country's fishing industry.
Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Naomi Rainey
The Yen has hit a forty year low, despite the Japanese government spending billions on attempts to prop it up. We look at the impact on domestic business and exporters.
Also, as sportswear giant Nike reports its full-year results, we speak to a brand expert to find out why the world's biggest sportswear name appears to have lost its way. And as the world's favourite safe haven loses its shine, we ask what falling gold prices can tell us about the health of the global economy.Presenter: Samantha FenwickProducers: Neil Morrow and Rob Cave
Japan's Yen drops to its weakest level in nearly 40 years. One business owner in Tokyo tells us the company is struggling to hang on.
Are further interest rate rises on the way for the Eurozone? We ask a leader at the European Central bank forum.
And a new deal for steel as the EU prepares to bring in tighter rules.
Andy Burnham has unveiled his plan to spread economic growth beyond London as he moves closer to becoming Britain’s next prime minister. We ask whether devolution — giving more power to England’s regions — could boost growth, and what it would mean for businesses.
Also on the programme, the US Supreme Court blocks President Donald Trump’s attempt to remove a Federal Reserve governor, in a ruling that could shape the future independence of America’s central bank. We also ask why Comcast has decided to split its business while rivals are getting bigger, and we hear how the FIFA World Cup is already boosting spending in US host cities.
(Image: REUTERS/Temilade Adelaja)
South Korea has announced plans to pump in least $880bn to strengthen its semiconductor industry and artificial intelligence capabilities in the coming years.
And Comcast prepares to spin off NBCUniversal and Sky in a major media shake-up.
New Yorkers breathed a sigh of relief at the news of a rent-price freeze for a million apartments. In a recent win for Mayor Zohran Mamdani, a housing board approved his pledge to prevent leases from going up and we hear about what this means for both the landlords and tenants. Our market expert also explains the potential pros and cons of this.
And, as Europe's heatwave persists with temperatures reaching highs of 40C, we find out whether the region's infrastructure is prepared for this kind of weather, and what we can learn from other countries with naturally warmer climates. We also speak with a dairy farmer on how this has affected their business.
President Trump is threatening to cancel his meeting with Xi Jinping and, in a post on Truth Social, warned of “strange things happening in China.” He says Beijing is planning sweeping export controls on rare earths — and the U.S. is now calculating a massive tariff hike.
U.S. businesses trading with China are watching closely —and soybean farmers especially so. We speak to their trade body and ask their reaction.
Plus, cocoa prices have taken a tumble to their lowest level in nearly two years, after a wild rally that squeezed chocolate makers and boosted farmer incomes. So what’s behind the drop, and what does it mean for growers on the ground?
And Pokémon cards have become a serious business. Since they first came out in 1996, the value of certain rare cards has skyrocketed — we’re talking up to 4,000% over the past two decades. So what’s behind the boom?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ground to Argentina in global markets, especially in China, due to its trade war with the US. And Pokémon cards are hitting record highs, as some of them have seen values rise by 4000%, according to Card Ladder, which tracks values. Presenter: Sarah RogersProducer: Ahmed AdanEditor: Justin Bones and Shea Conduct
The Chief Executive of JP Morgan Chase Jamie Dimon shares his views on AI, and whether he thinks the hype around it will continue. The German Chancellor, Friedrich Merz vows to do everything possible to counter EU rules banning the sale of new CO2 emitting cars after 2035. And we hear how Doanld Trumps tariffs pilicy is affecting Switzerland which is facing duties of some 39 per cent on its exports to the US. (Picture: Jamie Dimon. Credit; Shannon Stapleton Reuters)
In a BBC interview, the head of America's largest bank, J P Morgan, has warned that US stock markets do not currently reflect the level of risk of a serious fall. Jamie Dimon said he was "far more worried than others" about a major market correction. China has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. And the price of silver hit its highest level in decades. The metal reached more than $50 an ounce. Presenter: Sarah RogersProducer: Ahmed AdanEditor: Justin Bones
Warnings the value of AI companies are stretched... we'll bring you reaction from industry experts.
Trade relations between India and the UK are at an all-time high according to politicians and business leaders... We ask what business opportunities that might offer.
And why we might need new names for vegetarian sausages and veggie burgers?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
The Bank of England has warned of the risk of an AI-bubble, after it assessed some company values in the sector as "stretched". In a report out today, officials at the bank’s Financial Policy Committee drew comparisons with the pile-on for ‘dotcom’ stocks 25 years ago. The price of gold has hit a record high of more than $4,000 an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. And the UK prime minister is leading a delegation of more than 100 entrepreneurs, business and cultural leaders and university vice-chancellors on his visit to India, as he attempts to boost UK investment.
Presenter: Sarah RogersProducer: Ahmed Adan Editor: Justin Bones
Canada’s Prime Minister Mark Carney is in Washington, trying to revive trade talks with Donald Trump.
The European Union is turning up the pressure too, doubling its steel tariffs. Will that get Washington's attention?
And Hollywood’s pushing back against a new video tool which they say breaches copyright.
After more than a century of dominance, coal has been overtaken by renewable energy as the world’s biggest source of electricity – a historic moment, according to new data from the global energy think tank Ember. In the UK, police say they have dismantled an international gang suspected of smuggling up to 40,000 stolen mobile phones from the UK to China in the past year. The political crisis continues in France amid efforts to get a government together following the resignation of the third prime minister in a year. Presenter: Sarah RogersProducers: Ahmed Adan and Niamh McDermottEditor: Justin Bones
France faces fresh political turmoil as PM Sébastien Lecornu resigns. Sam Fenwick hears from businesses and investors on shifting confidence in the country’s economic direction.
We examine the worsening conditions for women in Afghanistan, where the UN reports that the Taliban have severely restricted women's rights to work, study, and dress freely.
And Japan’s markets rally as Sanae Takaichi becomes the country’s first female prime minister, with the Nikkei jumping nearly 5% on expectations of increased government spending and monetary easing.
France's government has fallen apart again over how to handle it's public spending budget. We hear how the collapse will affect French businesses.
In Japan, stocks have hit a record high after Sanae Takaichi won the party leadership making her the likely next Prime Minister.
UK car marker Jaguar Land Rover and Japanese beer maker Asahi are showing signs of recovery after separate cyber attacks halted both businesses.
And bitcoin has hit another new record high!
Presenter: Sarah RogersProducers: Ahmed Adan and Niamh Mc Dermott Editor: Justin Bones
US farmers are under pressure with trade wars, crop prices and now a government shutdown. Andrew Peach speaks to two of them about how their livelihoods are being affected.
We also look at Taylor Swift's lastest album and speak to businesses which rely on her continued success.
And in Thailand we spend some time with the best female chef in the world.
Japan is facing a shortage of Asahi products, including beer, tea, and soft drinks after a major cyber-attack. We hear from businesses affected.
In China, the Government has proposed new standards for fast food deliveries.
TikTok has had its licence temporarily suspended in Indonesia.
Plus, the Women's Cricket World Cup is underway in India. There's been a record breaking attendance and biggest prize pot ever!
Presenter: Sarah RogersProducer: Niamh Mc DermottEditor: Justin Bones
Sam Fenwick takes a look at the soaring cost of cybercrime, as attacks sweep across industries and threaten global business stability, spotlighting Japan’s Asahi Breweries, one of the latest victims.
A liquefied natural gas platform meant to bring economic prosperity in the West African nation of Senegal is at the centre of controversy.
And in Tokyo, the race to lead Japan’s ruling Liberal Democratic Party heats up. With five contenders and the economy centre stage, we explore what’s at stake for the nation’s future.
Sam Fenwick takes a look at the soaring cost of cybercrime, as attacks sweep across industries and threaten global business stability, spotlighting Japan’s Asahi Breweries, one of the latest victims.
A liquefied natural gas platform meant to bring economic prosperity in the West African nation of Senegal is at the centre of controversy.
And in Tokyo, the race to lead Japan’s ruling Liberal Democratic Party heats up. With five contenders and the economy centre stage, we explore what’s at stake for the nation’s future.
Elon Musk has become the first person ever to reach a net worth of more than $500billion. But how did he get to this point?
French authorities have charged the captain of an oil tanker travelling from Russia with refusing to follow instructions.
In Japan, who will be the next Prime Minister?
Also in Japan, the country is days away from running out of the nation's most popular beer.
Presenter: Leanna ByrneProducer: Niamh Mc DermottEditor: Justin Bones
The US government shutdown is less than a day old, and federal workers are already receiving furlough notices. It’s the first closure in almost seven years.
Also, how money can be used as a tool of control and manipulation within relationships. We explore what economic abuse is, and how it affects lives.
And with October here, Oktoberfest is underway. Thanks to the German diaspora, the beer-filled tradition has spread far beyond Munich.
The US government has shutdown after senators failed to agree on a funding bill. We look at the main reason behind the shutdown - healthcare.
Plus, what do investors think of Spotify's founder stepping down as CEO.
Presenter: Leanna Byrne Producer: Niamh Mc DermottEditor: Justin Bones
Funding for the US government will be cut off at the end of Tuesday unless President Donald Trump's Republican Party can agree with opposition Democrats on a way forward with a spending bill. Gideon Long hears from Democrats and Republicans, as well as US workers. And, in Africa, a trade deal that's been the cornerstone of US-African economic relations for 25 years is set to expire. It's called the African Growth and Opportunity Act – AGOA for short. Plus, Afghanistan businesspeople are appealing to the Taliban after a total internet shutdown in the country. (File photo: A member of staff sits on steps close to the US Capitol, Washington, DC, USA, 30 September 2025. Photo by WILL OLIVER/EPA/Shutterstock)
The US government is hours away from shutting down unless a funding deal is struck. Who will feel the impact first? We hear from the people whose jobs and livelihoods are on the line.
In Africa, thousands of jobs are at risk as the US decides whether to renew the African Growth and Opportunity Act, a key trade pact between the countries.
Presenters: Leanna Byrne and Hannah BewleyProducers: Victoriya Holland and Niamh McDermott Editor: Shea Conduct
U.S. pharmaceutical lobby group PhRMA has said that it would launch a new website in January to help patients buy prescription drugs directly from manufacturers, bypassing pharmacies. This comes after a deadline set by President Trump, asking the big pharmaceutical companies to voluntarily lower their prices. Gideon Long will hear from two patients about the struggles they face paying their medical bills. And one of the world’s biggest video game publishers, Electronic Arts, is being taken into private ownership in a record-breaking leveraged buyout. A Saudi-backed fifty-five billion dollar purchase values the California-based firm at a twenty-five per cent premium to its closing New York share price on Friday. (File photo: Abiraterone acetate cancer drug (AA250). Tablet of the prostate cancer drug abiraterone acetate, marketed under the name Zytiga.)
What would it take for you to sell out your boss? Cyber criminals offer a BBC Correspondent a cut of the action in return for passcodes.
And Zimbabwe's government is ordered to cut back on spending as it grapples with its budget.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Presenter: Sarah RogersProducers: Niamh McDermott and Victoriya HollandEditor: Justin Bones
US President Donald Trump has announced a new wave of tariffs, including a 100% levy on branded or patented drug imports, 25% tariffs on heavy-duty trucks, 50% on kitchen cabinets and bathroom vanities and 30% on upholstered furniture. Andrew Peach looks at how people in these sectors have reacted to these latest sweeping tariffs. And, can you still make money from a Broadway show? Only a few of the 18 commercial musicals that opened on Broadway last season made a profit. (Photo: US President Donald Trump on the South Lawn of the White House before boarding Marine One in Washington, DC, USA, 26 September 2025. Photo by KENT NISHIMURA/POOL/EPA/Shutterstock)
US President Donald Trump has announced a new wave of tariffs, including a 100% levy on branded or patented drug imports from 1 October - unless a company is building a factory in the US. We hear from Germany's VFA association of pharmaceutical companies.
And, the price of love - hundreds of alleged romance scammers are arrested as part of an international operation. The CEO of a dating app tells us how to protect users from scammers.
Tattoos were once reserved for rockstars or sailors, but are now part of a mainstream industry predicted to be worth $6.5 billion by 2033. So what's behind this booming trade?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Presenter: Sarah RogersProducer: Victoriya Holland Editor: Justin Bones
US President Trump has signed an executive order that will hand TikTok to a group of investors who include Larry Ellison, one of the richest men in the world and the founder of the tech company Oracle. Also, US house prices are climbing, supply can’t keep up with demand, and high interest rates are keeping sellers on the sidelines. And Starbucks has said it will cut about 900 US jobs and close its worst-performing stores there, as well as shut some UK stores as part of a cost-saving move. (Photo: U.S. President Donald Trump shows a signed executive order on a deal that would divest TikTok's U.S. operations from its Chinese owner ByteDance, at the White House in Washington, D.C., U.S., September 25, 2025. REUTERS/Kevin Lamarque )
The world’s biggest polluter, China, is promising to cut carbon emissions for the first time - but what does that mean for businesses trying to keep up?
And Ticketmaster agrees clearer pricing after an investigation in the UK.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Presenter: Sarah RogersProducer: Victoriya HollandEditor: Justin Bones
The US has said that it's currently in negotiation for $20 billion to support Argentina’s economy. President Javier Milei thanks the US government for the “support and confidence”. Canada has assembled an AI task force in Ottawa .It wants to prepare a strategy and has promised millions of dollars to attract talent from around the world. (A customer counts Argentine peso bills before checking out in a supermarket in Buenos Aires, Argentina, on January 13, 2025. REUTERS/Agustin Marcarian/File Photo)
German Chancellor Friedrich Merz introduces the 2026 budget with €126.7 billion in new investments for infrastructure, transport, schools, and other major projects. Leanna Byrne talks to a business industry leader in Berlin about why they're not happy with the proposals. And a deal has been reached to make a new HIV prevention drug much more affordable in low and middle income countries. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
The world’s most valuable company, Nvidia, is investing $100 billion into OpenAI, the maker of ChatGPT, to build what it calls the next generation of artificial intelligence.
Meanwhile, Jaguar Land Rover, owned by India’s Tata Group, is still struggling to get cars off the production line after last month’s cyberattack. We hear how dealers around the globe are coping.
In the US, top talk show host, Jimmy Kimmel is going back on air following a suspension by Disney-owned network, ABC. But some tv stations are refusing to air the programmes return.
(Photo: Nvidia and OpenAI logos are seen in this illustration taken, September 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo)
As presidents Javier Milei and Donald Trump meet the White House is hinting it could step in to support Argentina's economy. We look at how Argentina got here, and a local wine maker tells how the US tariffs are hitting her industry.
Also, Nigeria has cut its central bank interest rate for the first time since the Covid pandemic. And Indonesia and the European Union sign a landmark agreement which officials claim will double trade in the first five years.
The White House said doctors could be exempt from the Trump administration's new $100,000 fee for high-skilled H-1B visa applications. We hear from the President of the American Medical Association.
In India, everyday essentials are getting cheaper after its Prime Minister cut tax rates.
We then go to Uzbekistan where new rules and measures are being implemented in weddings, ceremonies, and family events to curb spending.
(Photo: Two surgeons are preparing for surgery. The doctors are standing in an operating room in a hospital. One surgeon is tying closed the back of another surgeon's operating gown. copyright Getty Creative / FatCamera (GettyImages-1171128846)
Another day, another announcement from the US administration. The H-1B - a special visa which allows companies to hire highly skilled foreign workers, now comes with a $100,000 price tag.
Our presenter, Sarah Rogers, speaks to an immigration lawyer from the US on what this will mean.
Also, tax simplification in India. Indians should find a host of products from everyday essentials like milk, to cars and TVs, will get cheaper.
And the Pompidou centre - Europe’s largest bastion of modern and contemporary art - has closed for a half-a-billion dollar restoration project.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
US president Donald Trump and China's leader Xi Jinping were in talks for more than two hours today. It’s their first call in over three months, but has anything come out it to help the trade impasse between Washington and Beijing?
With the details murky, Roger Hearing dissects what any deal between the world's largest two economies could be.
Also, we hear from two farmers in Pennsylvania and New York about the added stress they're feeling amid the curse of trade uncertainty.
Elsewhere, are German rail operators cancelling trains to help their reputation?
And the new pop up 'Fat Mall' which is hoping to help plus-sized customers.
The latest business and finance news from around the world, on the BBC.
The future of TikTok in the US hangs in the balance today with two President Donald Trump and his Chinese counterpart Xi jinping talking over the phone. Will Bain gathers fresh perspectives on why the short video app matters so much to American users and creators.
Also, Premier League tickets are flooding dodgy resale sites, despite UK laws. So what’s the risk for fans?
And in India, the latest iPhone launch sparked a frenzy queues formed from the crack of dawn as eager buyers tried to get their hands on Apple’s newest drop.
Disney has suspends top U.S. talk show host Jimmy Kimmel over controversial political remarks. We look at the business reasons and ramifications behind the suspension of Jimmy Kimmel.
US President Trump has warned European leaders to stop buying Russian oil. He said that cutting off those revenues is the key to ending the war in Ukraine.
Plus, could artificial intelligence replace newsrooms? Sam Gruet asks that questions as news start-ups around the world are using AI-generated presenters.
(Photo: Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. Credit: Reuters/Mike Blake)
President Trump and Prime Minister Keir Starmer have signed what they’re calling a Tech Prosperity Deal, committing to deeper UK–US cooperation on artificial intelligence, quantum computing, and nuclear power. Leanna Brynne explores what this means for tech businesses.
And Zoom’s head for Europe and the Middle East explains how the company is pivoting to AI in its bid to reshape the way we work.
The US central bank - the Federal Reserve - has lowered interest rates for the first time since President Trump began his second term. But what does this actually mean for companies? We speak to two business owners to find out their thoughts.
ank - the Federal Reserve - has lowered interest rates for the first time since President Trump began his second term.Pomp and pageantry as King Charles welcomes the US president to the UK. We’ll be hearing what kind of reception Donald Trump has received.
And the state visit also coincides with a major tech deal between the two allies. But can state visits really help economic ties? A former British deputy ambassador to the US gives us his insight.
Leanna Byrne looks ahead to the U.S. Federal Reserve meeting on interest rates — will it deliver the first cut of 2025? We also explore how the soaring cost of tomatoes is adding to America’s food inflation and stretching household budgets. And after nearly half a century, Ben & Jerry’s co-founder Jerry Greenfield parts ways with the ice cream maker, intensifying its dispute with parent company Unilever.
Colombia loses its certification as a US ally in the war on drugs, as Trump accuses it of failing to rein in record cocaine production. We look at what it could mean for investment in the country - and hear from Colombia’s Ambassador to the US on what comes next.
Meanwhile, Microsoft plans to invest $30 billion in AI and other advanced technology in the UK over the next few years. We speak to the company’s chief executive about the impact the financial commitment might have.
And as Hollywood mourns Robert Redford, we reflect on the mark he left on the business of film.
Jaguar Land Rover has extended its production shutdown until at least 24 September as it struggles with the fallout from a major cyber-attack.
Also, Indian and US officials hold their first talks since Washington hit Delhi with a 50% tariff over Russian oil and weapons purchases.
And Argentina’s president Javier Milei insists ‘the worst is over’ as he unveils a new budget.
As President Trump announces on social media that the US and China have reached a framework deal on the future ownership of Tiktok, presenter Sam Fenwick asks who might buy the social media platform?
Also, the Pope calls out the widening pay gap between bosses like Elon Musk and other workers.
And our reporter Hannah Mullane assesses the impact of artificial intelligence on graduate recruitment.
A breakthrough deal on TikTok as the US and China reach an agreement, keeping the app alive for American users.
Presenter Leanna Byrne also looks at the Pope’s concerns over executive pay.
And why Labubu dolls are losing their charm.
Many Nepali businesses were closed during deadly anti-corruption protests, which toppled the government and saw its first female interim prime minister appointed. We look at India’s trade negotiations with the European Union and the United States.
Plus, we hear from a South Korean worker caught up in immigration raids in Georgia, who was later deported.
President Trump and the First Lady Melania Trump have visited central Texas today to survey where flash floods killed 120 people last weekend.
As search teams continue to search for more than 160 people still missing, Mr Trump and his wife met families affected by the floods and first responders.
Dr Sam Brody, Director of the Institute for Disaster Resilient Texas and a Professor at Texas A&M University discusses how disasters like this might be avoided in the future.
Also on the programme, what impact could the 35% tariffs for Canada announced by Trump yesterday have on businesses there and why the post-covid trend of converting office buildings to homes is gathering momentum in New York.
US president Trump arrives in Europe for the annual NATO summit. He is demanding all member states to commit to spending 5% of national economic output on their militaries.
We hear how a social enterprise in Northern Uganda is connecting rural homes and transforming lives by turning agricultural waste into clean, renewable energy.
Plus, why are people protesting again a multimillion dollar celebrity wedding in Venice?
US President Donald Trump has criticised both Israel and Iran, despite a ceasefire deal. But what does continuing tensions in the Middle East mean for oil prices and the wider global economy?
We’re in Tianjin, China, for the Summer World Economic Forum, where global leaders are meeting against a backdrop of slowing growth and rising trade tensions.
And Leanna Byrne speaks to tech specialist Takara Small as Google’s dominance in the UK comes under the spotlight by regulators who say it may need to change how the search engine works.
The latest business and finance news from around the world, on the BBC.
Iran launches missiles at a US airbase in Qatar in response to strikes on its nuclear sites. This leads to airspace shutdowns in many Middle Eastern countries.
We examine whether Iran will now close the world's busiest oil shipping channel, the Strait of Hormuz.
Plus, Argentina's economy is expanding. Andrew Peach finds out what is driving the growth.
A narrow area of sea at the mouth of the Gulf has become the focus of global concern after the United States bombing of Iran.
While Iran's parliament has voted to close the Strait of Hormuz, there is no sign of disruption of the sea passage that carries a fifth of the world's oil. So is Iran likely to take action there, and what would the effect be?
Roger Hearing discusses whether Germany and Italy will repatriate their national gold reserves of $245billion from the New York Federal Reserve over fears about President Donald Trump’s erratic policymaking amid wider geopolitical unrest.
And we hear how the pursuit of shopping convenience is leading to exhausted workers and struggling family-run businesses in India.
The latest business and finance news from around the world, on the BBC.
Global markets, including the US, have been quietly calm, although there have been warning signs of looming risks and uncertainty after Donald Trump’s “liberation day” tariffs announcement. What’s behind such market “silence”? Roger Hearing hears from Gillian Tett, the chair of the Editorial Board of the Financial Times and the Provost of Kings College Cambridge, who has been writing about this. And how are businesses navigating global sourcing and supply chain risks and disruptions? A Global Sourcing Risk Index, produced by Proxima and Oxford Economics, shows how much business leaders still need to do. Also, a group of economists, backed by the Vatican, are calling for a reshaping of the international financial system to help developing countries that are heavily in debt and struggling to finance important social issues in their countries like healthcare and education.
Economists have been brought together by the Vatican to tackle a global debt crisis. So, is it time to rethink how we help poorer nations in need? Vladimir Putin says Russia's economy is thriving... but as a country under sanctions and at war, how true can this be? In the race for AI dominance, a company called Croq with a Q says its chips can outperform the biggest chip company in the world, Nvidia. Also, retirees are swapping pricey care homes for a sun-soaked Thialand. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
A war with Iran has been harming Israel, not just in the physical effect of missile strikes but also the impact of the conflict and instability on Israel's economy. Roger Hearing hears about how the country’s economy is coping with this.
Greenland's minister for business and mineral resources, Naaja Nathanielsen, tells us how she deals with threats of an invasion by US President Donald Trump.
And Thailand, a country that has long kept a tight lid on gambling, could be about to change as the government is looking at legalising casinos to boost tourism.
How do you solve a problem like price rises? That's the question central banks around the world are grappling with... and we've seen a flurry of decisions coming out of central banks around the world this week on interest rates. Also, we go to Denmark, where military drones are big business at Europe’s biggest flying tech show. Namibia is rolling out the red carpet for investment... And Thailand could be hitting the jackpot as it plans to open casinos to boost tourism. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Will he or won’t he? Trump says he’s not decided if he’ll pull the US into Israel’s strikes on Iran. A shipping insurance expert explains how the conflict is driving up premiums for vessels in the region.
We’ll hear about a landmark deal between streaming giant Netflix and a French TV network.
And the toy company taking on Trump. The head of an Illinois-based business tells us why he’s challenging the legality of the US president’s tariffs.
We hear from Russia where Vladimir Putin has been briefing journalists ahead of a major economic forum. What is the real state of Russia's wartime economy right now?
Also, we're in Tehran hearing from local citizens who've messaged us on the human and economic fallout of the current bombardment they're facing.
And the rise and rise of Netflix, as the online streamer announces a world-first tie-in deal with a tv broadcaster in France.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Donald Trump has left the G7 in Alberta, Canada, early as the situation between Israel and Iran in the Middle East intensifies. We look at how his early departure might impact discussions leaders were looking to have on tariffs.
With western carmakers claiming that China's biggest car manufacturer, BYD, is only thriving due to government subsidies, we discuss whether it is playing fair. Elsewhere, Andrew Peach speaks to a business owner in Texas after new data reveals that spending at restaurants and bars across the States have seen their sharpest fall in more than two years. And why have songwriters been battling in court for a decade? The latest business and finance news from around the world, on the BBC.
The countdown continues to trade deals with Washington. Ahead of President Trump's threatened tariff hikes next month, we're hearing from South East Asia, and looking at complaints that Chinese firms may be dumping goods, undermining regional economies.
Also in the show, the disruption to aviation from the Iran-Israel conflict.
And why Chinese officials are being ordered to drink less?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Many of the people of Tehran have been heading out of the city, while social media videos show the lines of cars stretching into the distance, as many thousands of citizens speak of massive disruption and a fear of Israeli airstrikes. Ed Butler hears about people in Iran and looks at the economic impact of the conflict inflicted on the country's economy. Also, we hear from Thailand as the latest deadline for US President Donald Trump’s increased tariffs on US imports looms. And why the Canary Islands and other parts of Spain are protesting against tourism.
Many of the people of Tehran have been heading out of the city, while social media videos show the lines of cars stretching into the distance, as many thousands of citizens speak of massive disruption and a fear of Israeli airstrikes. Ed Butler hears about people in Iran and looks at the economic impact of the conflict inflicted on the country's economy. Also, we hear from Thailand as the latest deadline for US President Donald Trump’s increased tariffs on US imports looms. And why the Canary Islands and other parts of Spain are protesting against tourism.
How could the Israel-Iran attacks impact the global economy? We speak to experts on the region.
What's happening with global shipping? We speak to a company which transports freight in Europe, North America, Asia and the Middle East.
Also, what about the health of the Israeli economy? We sepak to the former Deputy Governor of the Bank of Israel.
A London-bound Air India plane carrying 242 people crashes in a residential area shortly after take-off in Ahmedabad, western India. We hear from Anita Mendiratta, a specialist on aviation.
And we look at how the premier of the Canadian province of Alberta - the landlocked neighbour of the United States - has put forward plans for a new crude pipeline from the province to the Port of Prince Rupert in British Columbia to export through the Pacific.
An Air India plane, bound for London with 242 people on board, crashed shortly after take-off in Ahmedabad. We catch up with the latest developments in western India, and what it means for the people and companies involved.
Elsewhere, police have been guarding government buildings as Kenya's leaders announce their annual budget in Parliament amid growing tensions in Nairobi.
The latest business and finance news from around the world, on the BBC.
Disney and Universal are suing AI photo generation company Midjourney alleging its popular image generator had become a "bottomless pit of plagiarism". Rahul Tandon finds out how likely the lawsuit is to be successful.
Also, can we expect peace between the US and China in their crucial trade war as both sides say they have agreed on a "framework" for a deal?
And we hear how tensions between President Donald Trump and Elon Musk might be affecting investors.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
US President Donald Trump claims a trade deal with China has been done. We explore the key issues in high-stakes trade talks in London. Did President Xi get what he wanted?
How a disgruntled worker caused an entrepreneur's worst nightmare in wiping out years of work at an Indian grocery delivery app.
And Devina Gupta hears why Ghana's nurses and midwives are striking, and how patients are facing treatment delays.
U.S.-China trade talks in London are progressing and may extend to a third day, U.S. negotiators said, as both sides seek a breakthrough on rival export controls that risked derailing a fragile tariff truce.
The World Bank has followed the International Monetary Fund in sharply cutting its growth forecast for 2025 - Ana Swanson gives us the breakdown.
Pakistan announced that their defence spending is increasing by 17% in the fiscal year ending June 2026 - we get reaction from Uzair Younus, Principal at the Atlantic Council’s Asia Group.
While the US and China negotiating teams are locked in a second day of trade talks in London, we look at the key figures and businesses caught in the middle between the World’s two largest economies.
With the UK announcing a multibillion dollar project to build a new nuclear power station, Will Bain discusses how Europe is trying to have greater control of its energy supply in the aftermath of Russia’s invasion of Ukraine.
And why Japan is experiencing an extreme shortage of one of its staple foods - rice.
The latest business and finance news from around the world, on the BBC.
With trade tariffs slowing growth in China, the US wants to talk about rare earth minerals.
We'll have the latest on trade negotiations in London. And there's plenty of food on the programme as we meet meat producers in Spain worried about US tariffs.
We'll also hear how the cost of butter is soaring in New Zealand, even though much of it is made there.
Top government officials from the US and China have arrived in London for talks to see if there's any middle ground to end the ongoing trade war between the World's two largest economies. We look at what the sticking points will be, how they could take some heat out of the issue and if it will produce results.
France's President Emmanuel Macron has told delegates the "oceans are not for sale" as the spotlight falls on the international shipping industry at the UN Ocean Conference in Nice.
And Will Bain talks to Jennifer Haskell of Deloitte Sports Business Group as England's Women's Super League clubs revenue soars.
The latest business and finance news from around the world, on the BBC.
The US and China governments have announced their set to hold trade talks in London on Monday, so has a phone call between the presidents of the World's two largest economies begun the end of their ongoing tariff battle?
Elsewhere, we discuss whether the fallout between Donald Trump and Elon Musk will have any dramatic changes to US government's policy, while Andrew Peach speaks to diamond analyst Paul Zimnisky about why the main diamond company in Botswana says it's temporarily halting production.
And our correspondent Stephen McDonell reports from China on how the era of the driverless truck may finally have arrived.
The latest business and finance news from around the world, on the BBC.
How has something meant to be big and beautiful, has created so much bad blood between he world's richest man, and the President of the world's richest economy?
With the US stock markets just open we'll look at the continuing fall out from President Trump's explosive social media bust up with Elon Musk - and what it means for some of Mr Musk's most important companies like the electric car firm Tesla and Space X.
Also why is one of Germany's biggest investment funds pulling its investment in one of the world's biggest energy firms? You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Tensions are flaring between Donald Trump and his former adviser Elon Musk, just days after a seemingly cordial Oval Office departure.
Plus, the European Union is calling on China to relax its grip on rare earth exports - vital components for everything from electric cars to household appliances. The restrictions have disrupted global supply chains and rattled industries across Europe and the U.S.
And as a Japanese company struggles to reconnect with its moon-bound spacecraft, we explore the growing commercial interest in lunar ventures.
As Nintendo launches its brand new Switch 2, we'll ask what the future holds for gaming consoles - as people increasingly stream their games.
Before that, David Harper hears how the restrictions on exports of rare earth materials from China are hitting production of items including cars.
Plus we've waited so long for sci-fi style deliveries from autonomous drones. Are they now becoming a reality? You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
A report by the US Congressional Budget Office in Washington found Wednesday that President Donald Trump’s tax bill adds $2.4 trillion to US debt. Also, Rahul Tandon looks at the impact that hackers are having on some of the world's best-known retailers and other brands – North Face, Cartier and Victoria Secret are the latest companies being targeted. Europe and the United States say progress has been made in their trade talks about the tariffs, but how important is the outcome of these talks to US wine importers? We hear from the president of Cynthia Hurley French Wines, which is based just outside Boston in Massachusetts.
Global stocks hit an all-time peak: does it mean the global markets are really suffering, despite increasing uncertainty about the direction of the American economy?
We'll also find out what affect some of President Trump's tariffs are likely to have in the US. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
The global steel industry is again braced to be impacted by Donald Trump's implementation of a 50% tariff, which he vowed last week in front of a crowd of steel workers in Pennsylvania. In South Korea, the liberal candidate, Lee Jae-myung, has been confirmed as the clear winner of the presidential election. The Dutch government has collapsed after Geert Wilders withdrew his far-right party from the governing coalition following a row over proposed legislation to restrict migration. However, some business owners say the lack of a functioning government in the Netherlands is affecting their ability to do business because key issues are not being addressed.
Polls have closed in South Korea’s presidential election, where people have been voting to elect a new leader, six months after the former president tried to bring the country under military rule. We look at the economy, the US trade negotiations and speak to local business owner.
Also, the world economy is slowing - and the OECD says Donald Trump’s trade tariffs are a big reason why.
Meanwhile, the US has set a Wednesday deadline for trade partners to put forward what they're calling "a best offer" on trade terms to avoid future tariffs. What is the response from the EU? We hear from the EU Spokesperson on trade talks.
And the UK government is threatening legal action against Russian billionaire Roman Abramovich, over the 3.3 billion dollars raised from the sale of Premier League soccer club Chelsea. What will happen next? You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
US President Donald Trump and Chinese President Xi Jinping are expected to hold a phone call to discuss tariffs and trade issues, according to the White House. There's been no confirmation from Beijing. Rahul Tandon hears from Nazak Nikakhtar, a former assistant secretary of state for industry and analysis in the first administration of Donald Trump. In Canada, the Prime Minister is meeting with regional leaders to remove interprovincial trade barriers and making it easier for Canadians to trade with each other. And the South American nation of Paraguay has big ambitions to become a tech and innovation hub.
The heat seems to be back under those trade tensions between the US and China - we'll hear why Beijing has accused the US of “seriously violating” the trade truce between the pair, and look at how it plans to respond in just a moment
Also plans to boost internal trading and turbocharge the Canadian economy - that's on the agenda as the country's State leaders meet with the Central Government against perhaps the most difficult economic backdrop Canada has ever faced, in its own trade dispute with the US.
And we'll hear how the city of Lagos hopes to persuade commuters out of their cars and onto the water... You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
On the day Elon Musk departs the White House, and his work at DOGE (Department of Government Efficiency), Devina Gupta examines what he has achieved in the role, what his priorities will be at Tesla and Space X, and whether he and President Trump will remain friends
Also, as the Indian economy grew 7.4% between January and March, beating analyst expectations, we analyse what’s behind the numbers, and amid growing global uncertainties how might this growth continue
e.l.f. Beauty acquires Hailey Bieber’s Rhode in a massive $1bn deal. e.l.f. CEO Tarang Amin joins David Harper to discuss the landmark acquisition and their hopes for the brand’s future.
Elsewhere, despite Western sanctions, BBC analysis shows that Russia continues to receive billions of dollars from oil exports. New research suggests that live-streaming piracy could be costing European sports rights holders $28bn. And in Nigeria, the government is cracking down on the spraying of money at parties, which they say is devaluing the currency.
After a federal court ruled US President Donald Trump’s latest tariff levies illegal, his administration have scored a last-minute reprieve.
For now, the White House's tariff plan stays in place. But with the legal battle being far from over, we tell you all about the fast changing rules of Trump's trade policy.
Elsewhere, we hear why low emission zones in French cities could be banned, and Devina Gupta speaks to Zawadi Mudibo in the Ivory Coast as Africa heralds its new 'super banker'.
The latest business and finance news from around the world, on the BBC.
A US federal court has blocked Trump’s “Liberation Day” tariffs, which the Trump administration is appealing. The news comes amid ongoing trade negotiations – so what does this mean for a global trade war? And David Harper asks is this the end of the story?
Nvidia, a huge success in the tech world, reported its latest quarterly earnings. The chipmaker, vying with Apple for the position of the world's richest company, beat expectations despite export controls. Elon Musk, , the billionaire and co-founder and CEO of Tesla, has criticised one of the signature policies of President Donald Trump, marking a break from the US president who he helped to win re-election in 2024.
And the meat of brown bears, a protected species in the EU, could soon be available to eat in Slovakia after the populist government approved plans for sale. Roger hears from a food tour guide who tested the meat before.
US banana giant Chiquita has laid off around 5,000 workers following a month-long strike as part of nationwide industrial action. Workers are protesting against new social security laws lowering pensions. In 2023, Panama exported $273m of bananas, making it the 13th largest exporter of bananas in the world. What do the layoffs mean for Panama and the wider banana industry?
In Africa, the Economic Community of West African States (ECOWAS) celebrates its 50th anniversary amid recent exits from prominent member states. David Harper looks at the latest market developments from Shein, Temu and Nissan.
Japanese-owned steelmaker Nippon Steel is expected to close its “partnership” with U.S. Steel at $55 per share, as the US media have reported. On Friday, last week, President Donald Trump said that he has cleared the deal. We hear from Chris Kelly, the Mayor of West Mifflin, a steel town in Pennsylvania.
Zimbabwe's president, Emmerson Mnangagwa, has signed into law a contentious bill that requires all drivers to buy a car radio licence before a vehicle can legally be on the road.
And Rahul Tandon hears how one woman’s quest to buy only US made goods has been surprisingly difficult.
Global fast-fashion retailer, Shein, has been accused of breaking EU law with manipulative sales tactics. We hear from the Director General of the European Consumer Organisation.
In Africa, the search for the new president of its top financial institution is almost over. Who could be the new leader for the African Development Bank and what could that mean for the continent?
Plus, Will Bain finds out why business leaders are rushing to apply for New Zealand's golden visas.
The United States President, Donald Trump, has agreed to drop his threat to impose 50% tariffs on European Union imports and extend a deadline to negotiate tariffs with the EU by more than a month. They’re often in the headlines. We take an in-depth look at critical minerals, where they're found and why they matter. And Rahul Tandon will look at how Disney's live-action Lilo and Stitch remake beat Tom Cruise at the US box office. Lilo and Stitch, which revisits the 2002 animated family favourite, exceeded expectations with takings of $341m (£252m) around the world.
Two of the world's biggest energy firms are in court fighting over a new oil project that could be worth a trillion dollars.
We hear why the International Energy Agency says the worlds is becoming too dependent on just a few countries for critical minerals that power clean energy technologies.
Plus, Will Bain finds out why there’s been a five-fold increase in streaming subscriptions in India.
The European trade commissioner says the EU will defend its interests in trade talks with the United States. President Trump has threatened the bloc with fifty percent tariffs.
Boeing is to avoid prosecution in a deal with the US Justice Department over a number of crashes. The deal includes the company admitting to obstructing federal aviation officials and paying $1.1 billion in fines.
Presenter Rahul Tandon examines these stories and also hears how same-sex couples are contributing significantly to the wedding industry in Ireland.
US President Donald Trump has said he is recommending a 50% tariff on all goods from the European Union being imported to the United States. We hear reactions from the European parliament and businesses. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Business body in the United States gives reaction to Donald Trump's " big beautiful" bill. It contains tax cuts as well as money for defence spending and funds for his deportation programme.
The U.S. Federal Trade Commission has dropped a case which attempted to block Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard. It has said the case against the long-closed deal was not in the public interest.
Presenter Rahul Tandon examines these stories as well as looking at the fallout from Manchester United's defeat in the Europa League final. He looks at what impact this could have on their future finances.
A massive tax and spending bill has just been passed by the US House of Representatives. The so-called mega-bill would extend tax cuts from President Donald Trump's first term, end taxes on tips, and increase military and border spending.
The sportwear giant Nike is raising prices - but how much of it is down to the global tariff situation, and how much is down to other difficulties in the company?
And we look at the Japan's economy - why the price of rice is increasing and how it is affecting Japanese businesses?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
A trade talks meeting turned tense at the White House, when President Trump clashed with South Africa’s Cyril Ramaphosa over discredited claims of white genocide in South Africa. We hear from a key voice in the president Ramaphosa's advisory council.
It's a big week for cryptocurrency - Bitcoin hit an all time high, the stablecoin legislation advance and President Trump get's ready to host his crypto dinner.
And will the US Congress pass Trump's 'Big Beautiful Bill'?
With US President Donald Trump's tax cut and spending bill facing opposition from both Democrats and fellow Republicans during a rare overnight session in Congress, is America's economy standing at a crossroads?
It could bring tax reductions, and tighten the availability of healthcare, but increase the United States' debt by $3 trillion.
David Harper speaks to our correspondent in Johannesburg as we examine South Africa's latest attempt to pass a budget, and we look at whether Columbia is possibly the most dangerous place in the world to be a Trade Unionist.
The latest business and finance news from around the world, on the BBC.
Shipowners have recently placed orders for a record number of new container vessels, driven by a substantial increase in profits. Nippon Steel of Japan and U.S. Steel have jointly filed a lawsuit challenging President Joe Biden’s decision to block a $15 billion acquisition deal. And the first congestion charge scheme for vehicles in the US has come into effect in New York City. Sam Fenwick hears about other places that have implemented such plans, including London and Singapore.
How will President Bidens decision to block Nippon Steel’s takeover of US Steel impact Americas relationship with Japan India’s scan to pay transactions will hit one billion by 2026-27. What does this shift to a cashless society mean for the country?And how should couples handle money related disagreements? We hear from Reema Khrais, host of 'This is Uncomfortable' podcast
US where President Biden has blocked the takeover of US Steel -- the nation's third-biggest steelmaker -- by the Japanese company Nippon Steel.
We hear from Syria as it destroys what had been its number one cash export - highly addictive amphetamines.
Also in the show, could Slovakia really be about to switch off Ukraine's electricity supply?
We hear from the owner of several restaurants in New Orleans after a man drove a truck into a crowd. The attack took place at Bourbon Street a well-known tourist hotspot that is filled with restaurants, bars and clubs.
Presenter Rahul Tandon talks to a US based bike manufacturer about the impact tariffs will have on the global economy as well as on companies like his which rely on Chinese parts to keep the business going.
We are also in Mexico to hear about its trading relationship with US with the imminent arrival of Donald Trump. The plans to curb immigration along the border between the country.
We look at how South Korea's political instability is continuing to effect its economy.
How might President-elect Donald Trump’s policies affect different parts of the world?
And as thousands of artistic works come into the public domain in the United States, we look at how people might plan to monetise them.
Ukrainian President Volodymyr Zelensky said that his country would not allow Russia to "earn additional billions on our blood" after stopping Russian gas transit to the EU following the expiration of a five-year deal.
Ivory Coast has announced that French troops will withdraw from the West African nation, further reducing the military stake of the former colonial power in the region. Leanna Byrne asks if this also means it will lose economic influence.
And with US President-elect Donald Trump set to take office later this month, could his policies favour Indian businesses?
The flow of Russian gas through Ukraine is about to come to an end. What will happen next?
We'll look at the rollercoaster year for blockbuster films, the incredible 'Taylor Swift effect' that set the music world on fire and the unfortunate wave of layoffs that have hit the gaming industry. We’ll discuss what 2025 might look like for entertainment around the world.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
As Russian gas supplies through Ukraine come to a halt, Moldova is left grappling with an energy crisis. Former Moldovan Deputy Prime Minister Nicu Popescu and energy expert Jaime Concha join Roger Hearing to discuss the country’s options and the impact on the wider energy market.
Plus after a challenging 2024, Australia’s hospitality industry looks toward recovery in 2025. Wes Lambert of the Australian Restaurant & Café Association reflects on the struggles and opportunities for bars, restaurants, and cafes in the new year.
The prospects for both Ukraine and Russia in 2025, as President Joe Biden makes probably his last multi-billion dollar grant of aid to Ukraine's economy.
Also we're looking at tariffs today. How US companies are responding to the prospect of a Trump presidency which might be about to slap much higher import duties on goods from around the world?
And we're in Scotland where - to some local dismay - the end of year festival, Hogmanay, has partly at least been cancelled.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Former President Jimmy Carter has died, aged 100. Leanna Byrne looks back on his life and his economic legacy with former executive director of the American Foreign Service Association, Ian Houston. Salah Elbakkoush, a former advisor to Libya's High Council of State, tells us about the country's eastern-based government approving a proposal to end fuel subsidies. Plus we hear about a Tequila 'lake' - with Mexico having 500 million litres of the spirit because of falling demand.
The US has imposed sanctions on Georgia's former prime minister and billionaire founder of the Georgian Dream party, Bidzina Ivanishvili.
One of crypto-currency's most notorious figures is facing extradition to the US on charges of massive fraud. What do we know about Do Kwan?
Also in the show, nine months on from the Baltimore Bridge disaster, we speak to two local companies about how they're trying to put their businesses back together.
And how volunteering - also a multi-billion dollar industry in the US though often overlooked, is back on the rise in the US.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
We explore the economic legacy of Manmohan Singh, India’s former Prime Minister, who has died. Mr Singh is credited with liberalising India’s economy.
What will happen to Chinas economy in 2025? We hear from the BBC’s Nick Marsh.
And we celebrate Britain's longest-serving Royal Mail postman, who’s leaving the service after 60 years.
The European Union threatens to impose further sanctions on Russia, as a Moscow-linked cargo ship is blamed for severing an underwater cable in the Baltic Sea. Also, we profile Manmohan Singh, the former prime minister credited with transforming India’s economy. Plus, a controversial anti-LGBT bill in Ghana could put western aid to the country at risk.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
But questions have been asked whether the cargo vessel, which was under US sanctions, was heading for the Syrian coast, on a voyage to recover military supplies left by Russian forces in Syria when Bashar al-Assad fell.A maritime security and sanctions expert talks to us about how Russia's commercial fleet operates under swingeing sanctions.Also, World Business Report looks back on a year of strikes by doctors from around the world. We hear from medics in Kenya, India and the UK to find out more about why they felt they had to withdraw their labour
The decision over the potential $15 billion takeover by Japan's Nippon Steel has been referred to the President over National Security concerns. Joe Biden has 15 days to decide if the deal can go through.
Also, American Airlines grounds all US flights after a technical issue.
Plus James Wickham reflects on some of the biggest business and economics stories of the past year with Susan Schmidt, portfolio manager at Exchange Capital Resources in Chicago, and Bill Blain, Strategist and Head of Alternative Assets, Shard Capital, who's on England's south coast.
Honda and Nissan plan to merge as the two Japanese firms seek to fight back against competition from the Chinese car industry.
Joining forces would create one of the world's biggest car producers alongside Toyota, Volkswagen, General Motors and Ford.
We look at one of Donald Trump's key economic appointments.
And who is France's new finance minister?
Sam Fenwick hears from former chief operating officer & long-time executive at Nissan Andy Palmer, as Honda and Nissan announce a plan to merge. It would mean the new, world's third-biggest carmaker, which could also include Mitsubishi, could be in operation by August 2026.
Plus US President-elect Donald Trump has said the fees charged to use the Panama Canal are “ridiculous” and that it should be handed back to the US unless the “rip-off” stops. We ask if those fees have risen and whether Mr. Trump's words are an empty threat.
US in last ditch shut down vote, unless congress can agree on a spending plan
The Prime Minister, Justin Trudeau, could be facing a confidence vote after he reshuffled a third of his cabinet today.
And German automaker Volkswagen was on the brink of a major strike, however the company's bosses and union leaders have struck a deal, avoiding site closures.
A damning verdict from Swiss MPs on the failure of one of their largest banks.
Plus, the latest on the looming US government shutdown.
Malaysia resumes the hunt for an airliner that disappeared ten years ago.
And 80 million of them are sold in Europe every year, but what goes into growing a Christmas tree?
The US senate votes on a new deal for Federal Government funding. The previous bill was abandoned after Donald Trump said he wouldn’t support it Luigi Mangione, The man accused of shooting the head of America's biggest health insurance company has made his first court appearance in New York after being extradited from Pennsylvania .
Changes in weather patterns have been causing problems in some ski resorts around the world, including in India where one mountain resort has reported a fall in visitor numbers.
France's President Macron is in Mayotte seeing the damage from the devastating cyclone. He declares a day of national mourning, but many residents are angry at what they see as neglect of what is legally part of France.
El Salvador gets a multibillion-dollar deal with the IMF, but in return for dialling down its use of Bitcoin
Plus, a successful play with a ten-year run on the London stage - and it's about financial services!
Shares fell on Wall Street after Fed Chair Jerome Powell announced a cut to its key interest rate of 0.25%, but indicated this could be the last rate reduction for a while. The US dollar rose in value on the news. Also Lily Jamali explains how TikTok is pursuing a last-ditch effort in the US Supreme Court to avoid a mandated sale or ban of the app in America the day before Donald Trump is due to take office as president. And how Finland has become a global hub thing for all things Christmas.
The auto companies Honda and Nissan are currently in the early stages of merger talks. We ask what does it mean for the car industry?
The Democratic Republic of Congo’s government has filed criminal complaints in France and Belgium against subsidiaries of the tech giant Apple, accusing it of using conflict minerals.
And we hear from the northernmost region of Finland which has become a global hub thing for all things Christmas. How crucial is the festive time of year to the economy?
The UN’s special envoy to Syria, has warned that unless the country gets urgent support it could be plunged back into conflict. Ten days after taking power what resources does the new Syrian government have?Tankers carrying Russian oil through European waters will have to prove they're insured or face sanctions.And why children want skincare products for Christmas.
Argentina, for a long time one of the world's most troubled economies, has seen its economy grow. Could this be the end of years of economic crisis?
We'll take a look at whether that growth is sustainable and delve into how much of it is to do with the radical policies of the country's president Javier Milei.
Also today, we consider what the future holds for the ECOWAS trading bloc in West Africa, as three countries formally file to leave.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We’d love to hear from you!
Resignation of Canada’s Finance Minister rocks the government. Prime Minister Justin Trudeau asks Dominic LeBlanc to replace Chrystia Freeland after her shock resignation.
Also on World Business Report, Andrew Peach hears from Germany on the day the government deliberately lost a vote of confidence in the country’s parliament.
And we hear from northern Sweden that’s been rocked by the bankruptcy of battery maker Northvolt but sees its future in renewable energy.
The president of insurance giant AON tells Will Bain that firms should rethink their executives’ security, calling on political leaders to “set the tone” on making the environment safer for CEOs.
Eric Anderson also spoke about offering war risk insurance to businesses in Ukraine.
Plus, how are Nigerians coping with inflation? The country’s annual inflation rate climbed to a more than 28-year high in November, on the back of rising food prices.
France has a new Prime Minister…but can François Bayrou fix the economy where his predecessor failed? We talk to a biographer who says the jury’s out.
Russia’s economy shows surprise growth—but with inflation soaring and sanctions biting, is it all as good as it seems?
And Christmas classics still rule the airwaves—and the royalty cheques. Will new Xmas songs ever break through?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
In a bid to end political instability, President Emmanuel Macron names centrist political ally as France’s prime minister. François Bayrou now has the task of producing a budget that addresses the country's economic challenges, whilst still achieving a majority approval in an increasingly fractious political backdrop. Also, the US offers a reward of up to $5million for information about an alleged remote working scheme funnelling funds to North Korea’s weapons programmes. And how could the fracking industry turn its expertise towards advancements in a renewable energy?
France’s President Emmanuel Macron is fighting to form a new government and pass next year’s budget. But will it calm the country’s economic turmoil?
Meanwhile... a British hedge fund trader is jailed for defrauding Denmark out of over $1 billion. How did he pull off one of the biggest tax scams in history?
Eighteen years after the Peugeot plant in England closed its doors, we look at the lessons it holds for today’s carmakers battling economic pressures and the race to go electric.
And how country singer Noah Kahn and his family helped his local country store to secure its future
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
French President Emmanuel Macron was expected to name the new government chief amid the country’s political breakdown, with a view to tackle the country’s economic outlook. Also, how will Australia’s new plans to introduce a social media company levy encourage tech companies to pay news outlets and publishers for content? And, Donald Trump opened trading at the New York Stock Exchange, as he was named Time’s Person of the Year 2024.
Will the $6bn trade in the illegal drug captagon that funded the Assad dictatorship be disrupted now he's gone?
As US inflation creeps up, we hear from businesses daring to feel more hopeful about their future prospects
The Macy's employee who hid $150 million in delivery charges.
And why universities in Australia are worried by plans to drastically cut the number of overseas students
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Sebastian Ebel, says Germany needs to break free from over-regulation and focus on attracting foreign investors. Also, food prices in South Africa have risen at their lowest rate in nearly 14 years, keeping the country's inflation below expected levels. And, General Motors has announced that it will stop funding the development of the Cruise self-driving taxi.
Damascus Chamber of Commerce says the interim government pledges to open up the economy and re-establish international trade links. Also, Luigi Mangione, the man accused of murdering Brian Thompson, the chief executive of UnitedHealthcare, has been denied bail. And what impact is South Korea's political instability having on its economy?
Banks in Syria have re-opened and the interim leadership will look to rebuild infrastructure after 14 years of conflict and sanctions. Also, how have the IMF and Kenya worked together to tackle the country's ballooning debt? And Rupert Murdoch has lost a significant legal battle over his media empire.
Syrians are calling for sanctions to be lifted so international trade can resume and its economy can be rebuilt. Also, China launches an antitrust investigation into Nvidia, the world’s most valuable maker of computer chips. And, baseball player Juan Soto has agreed a $765m deal with the New York Mets, the biggest contract awarded in the the history of sport.
What will life look like in Syria after Bashar al-Assad's regime gone? And who will rebuild the country and help the economy to grow? We hear from Syrian refugee Hadi Nuri and Ruba Jaradat, Regional Director for Arab States at the International Labour Organization (ILO).
Also, how will the Chinese government help support its economy next year?
And what will a second Donald Trump presidency mean for America's green energy industry?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Global vaccine makers' shares dip after news that Robert F Kennedy Jr is Donald Trump's pick to lead US health department. We find out why.One of China's investments in a Colombian mine has backfired after a drug gang commandeered part of the business. We look into what happened.The European Union has delayed by a year a regulation that was going to ban the import of goods linked to deforestation, a move that has been criticised by companies like chocolate maker Ferrero Rocher. We talk to one of its executives.Sri Lanka has a new president. We hear about the challenges he'll face to lift the economy.And we hear from our correspondent in the US about the latest ruling against a crypto scam.
Global vaccine makers' shares dip after news that Robert F Kennedy Jr is Donald Trump's pick to lead US health department. We find out why.
One of China's investments in a Colombian mine has backfired after a drug gang commandeered part of the business. We look into what happened.
The European Union has delayed by a year a regulation that was going to ban the import of goods linked to deforestation, a move that has been criticised by companies like chocolate maker Ferrero Rocher. We talk to one of its executives.
Sri Lanka has a new president. We hear about the challenges he'll face to lift the economy.
And we hear from our correspondent in the US about the latest ruling against a crypto scam.
Philippines braces for a fifth typhoon in three weeks. Past storms left more 150 dead, and thousands have now been evacuated. We get the latest. As the consequences of global warming become more clear, some of the private finance is now backing stronger moves into renewable energy to mitigate what is happening. We hear about this new trend. And around 4,000 illegal miners are stuck inside an old mine with police officers waiting for them outside. The miners fear they will be arrested if they come out but their families have a different version. We find out.
US President-elect Donald Trump has picked Elon Musk for a role in government cost-cutting, as part of his drive to "dismantle" bureaucracy. We speak to Trevor Traina, former United States Ambassador to Austria during Donald Trump's first presidency.
Also, China is showing off its latest generation of stealth fighter jets and other military hardware at its Zhuhai Airshow.
Why Germany is in the midst of a lot of political and economic trouble?
And the New York City council passed a bill that will prevent tenants from having to pay fees to brokers hired by landlords.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Donald Trump has picked Tesla and SpaceX founder Elon Musk and biotech investor Vivek Ramaswamy to lead a new "Department of Government Efficiency" that will focus on cutting costs in the US administration. But is there much to cut? We find out. The US-president elect has still to name a Treasury Secretary, and there are two names that are being suggested by his aides and advisers: Scott Bessent and Howard Lutnik. We hear more about them. India has given birth to some of the world's most innovative start-up companies in recent years. Our correspondent in that country tells us how they're targeting rural areas. And despite the fall in toy sales in the UK, there is a new type of customer who is gaining ground: adults. We look into the increasing number of grown-up customers buying toys.
President Xi goes to Lima, as Peru gears up for the thirty-first Asia-Pacific Economic Cooperation economic leaders' meeting.
Bitcoin continues to hit new highs following Trump's victory. How long can it continue?
Jaguar is betting big on EVs and is even going so far as to stopping selling its new petrol cars in the UK entirely.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Oil giant Shell wins ruling that it does not have to comply with specific targets to reduce its carbon emissions. Roger Hearing hears from our correspondent in the Hague, Anna Holligan, about what the ruling means for the industry. We find out how the wine industry is being impacted by extreme weather events and climate change. Plus we look at the rise and fall of the Bio-Tech company ‘23 and Me’, as it's set to lay off 40% of its workforce
It's been three weeks since Italy's far-right government signed the five-year migration deal with Albania. Now, a court has blocked Italy's plan to send asylum seekers to the Balkan nation, disrupting Prime Minister Giorgia Meloni's main migration policy and raising questions about what's next.
Also, we find out why dockers have been locked out of the Port of Montreal after they reject their latest pay offer.
And we'll speak to one man who's riding the waves of retirement... quite literally.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
World leaders meet in Baku, the capital of Azerbaijan, to discuss the funding of policies against global warming in the COP29. We get the latest from our correspondent. In Iceland, a team of scientists are preparing to drill into one of the world's most active volcanoes. Could it provide a source of cheap green energy? We find out. Iran's latest attempt to reduce pollution is resulting in power cuts throughout the country. We hear why. And after the devastating floods in the Spanish region of Valencia, we look into how companies could help keep employees safe during a natural disaster.
There are reports that Donald Trump wants his former trade representative back when he returns to the White House - what does it mean for the economy?
Robert Lighthizer was the man who pushed protectionism and tariffs on imports during President Trump's first term. So what will it mean for global trade if he takes up his old job? And will this provoke another trade war with China?
Also, why are Swedish police seizing luxury items without formal suspicion?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
America’s central bank has announced a quarter-point rate cut - rates down to 4.5% from 4.75%. It's been the second time in a row that the US Federal Reserve has lowered interest rates. Mostly because the inflation continues to ease and a Trump presidency hangs over the central bank. We hear from economists what will happen next.
Also, Rahul Tandon talks to Everett Eissenstat, a former Trump trade adviser.
And we look at German economy and find out why the Japanese car giant Nissan has announced plans to cut 9000 jobs from its global workforce.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Will Bain hears from Tomas Philipson, a former economic advisor to the now President-elect Trump on what his new administration’s policies will be.
Young voters in Nevada tell us how they feel about the election result.
Plus with the election will China be facing a huge expansion of tariffs on imports to the US?
James Wickham is joined by Ritika Gupta, our North America Business Correspondent, and George Conboy, the Chairman of Brighton Securities, as voters head to the polls in the US Presidential election. We ask what investors are looking for from a new President - and when we might find out who exactly that is.
In Spain, the embattled prime minister Pedro Sanchez has announced an eleven-billion-dollar aid and reconstruction package for areas affected by devastating flash floods.
Plus we hear about Nintendo's disappointing profits - and whether the promise of a new console is what's holding back sales.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
Hours before the US elections we take a look at the different economic routes proposed by Donald Trump and Kamala Harris, and their differing views on taxes, tariffs and inflation.A lot of money has been spent on campaigning and advertising. We find out how much.And what does the US presidential election mean for world trade? We hear from our correspondent in the US.
As Americans prepare to go to the polls, Will Bain is joined by the BBC's Economics Editor Faisal Islam to discuss what the US election means for both the future of the world's number 1 economy, but also the wider world.
We look at what the result might mean for the goods we trade, the prices we pay and how whoever wins will shape the direction of the global economy over the next four years.
Our North America Business Correspondent Michelle Fleury takes a look at the issues of trade and tariffs, while we're also joined by Dr Shuichiro Nishioka, Associate Professor of Economics at West Virginia University to take a historic look at what tariffs mean for the US.
The world's biggest economy added just 12,000 jobs last month, far below expectations and down from a revised 223,000 in September. At the same time, the level of unemployment hasn't risen, and consumer spending is up. So what does this mean for the election? Botswana is set to experience a shift in governing parties for the first time in nearly sixty years, largely attributed to a decline in global diamond demand. And just how much wealth exists in the world? Roger Hearing speaks to Dr Renaud Foucart who seems to have worked it out.
On World Business Report Andrew Peach looks at the clear up operation for homes and businesses in Spain where flooding has killed more than two hundred people.
In the US, jobs growth slows as hurricanes and strikes take their toll. But what does it mean for the election? We'll hear what the markets are expecting and focus on affordable housing in the swing state of Georgia.
And Hello Kitty, is fifty find out more about the feline success story.
The US stands on the verge of an election, with the final major economic data showing lower unemployment and stronger-than-expected consumer spending. But will this shift the outcome?
Plus, we’re in Arizona, a hotly contested state, where immigration takes centre stage.
And the EU opens an investigation into Temu, one of the world’s largest online retailers from China.
Sam Fenwick looks at the issues that are driving Lebanon’s economy into a downwards spiral. We look at the economic cost of war as new research suggests Lebanon's GDP could shrink by over 20% amid the ongoing conflict.
The US election is hotting up. We'll look at the cost of health care and how it might determine how people vote.
And find out why a Tasmanian ferry takes an unexpected 'Berth' more than ten thousand miles away in Edinburgh.
The UK’s new Labour government has announced its first budget with big tax rises it says are needed to restore public services. Rahul Tandon examines whether a single budget has the power to transform an economy, and the challenges facing many high-income countries as they wrestle with budget holes and high debt.
Elsewhere, embattled car giant Volkswagen reports a drop in profits, coming soon after reported layoffs and plant closures. Also, the Bank of Japan is set to announce interest rates, the first meeting since the country’s snap election.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you.
Trouble for Volkswagen as its profits drop and it clashes with unions over possible plant closures, Roger Hearing finds out more.
The EU imposes tariffs on electric vehicle imports from China, and there are reports from Beijing that the government is pushing its carmakers not to invest in EU members who backed the tariffs.
Britain's new Labour government sets out its first budget with big tax rises it says are needed to restore public services.
And we hear from India about the traditional push to buy gold ahead of the Diwali festival.
The European Commission has given approval for steep tariffs on electric vehicles made in China. It closes an investigation which started a year ago. They will remain in place for five years.
We hear about plans by homeware company Ikea to put money into a hardship fund for victims of the former communist regime in East Germany. Some including political prisoners were forced to make products for the company.
We hear about Tik Tok's founder Zhang Yiming. He is number one on China's Rich List with an estimated net worth of 49 billion dollars.
Presenter Rahul Tandon examines these and some of the other global business stories of the day.
The UK's lowest-paid workers could get a salary increase of 6% next year according to local media reports. We look into the consequences this could have.
Also in the programme, we talk to US voters in Nevada about their concerns regarding the rise in cost of living. And we hear about HSBC's unexpected jump in profits.
Japan’s Prime minister Shigeru Ishiba has insisted he will not step down despite a historic loss by the governing coalition in Sunday's elections. We examine the market’s reaction to the loss and look ahead to what this means for the coalition.
Meanwhile, in Germany, Volkswagen plans to close three plants, lay off thousands of workers and cut pay by 10%, according to trade unions in negotiations with the car giant. And with only a week to go in the US election, we look at Pennsylvania, tipped to be one of the key swing states that will decide the election.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Struggling German car giant Volkswagen is planning to shut 3 factories in Germany according to the IGMetall Trade Union. We examine the problems facing the European car industry.
Georgia’s elections were won by the ruling Georgian Dream party but opposition parties claim the election was stolen.
Also, Japanese voters have given the ruling LDP a bloody nose in Sunday’s General Election. We speak to a leading Japanese economist about what happens now, now that no party has a parliamentary majority.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Japanese voters are getting ready to take part in the country's General Election on Sunday. How will it affect Japan’s economy? We speak to business owners and find out what do they expect from this election?
Also, we look at the US election campaign in Texas, plus we learn about the very first online banner ad which went live exactly 30 years ago.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Georgia will vote in a crucial parliamentary election this weekend. The country looks to whether their prospects will be better served with closer ties to Russia or Europe. Opposition figures hope a win for them could restart Georgia’s stalled bid to join the EU.
Elsewhere, Jensen Huang the chief executive of the chip developer Nvidia received a warm welcome in India. We look at how Nvidia might affect the microchip and AI industry there. Also, Call of Duty: Black Ops 6 is one of the year’s most hotly anticipated game releases. We examine its impact at the UK’s biggest gaming show.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Migration is a global political issue but it is also an economic one. Canada has just announced plans to change its policy. The government will reduce permanent residency by 21% in 2025.
We will get reaction from the Canadian chamber of commerce Diana Palmerín Velasco.
Also, Rahul Tandon looks at a final day of the BRICS summit in Kazan. And find out how the US elections will impacting businesses.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Boeing workers have been on strike for the past six weeks. Late yesterday, they rejected a new offer, which included a 35% pay rise over four years. Data suggests this is the most expensive strike in the US this year. Estimates are the strike has cost Boeing over $8 billion, with that figure expected to rise further.
Two big economic summits are ongoing this week. The IMF warns against a global trade war. Meanwhile, in Russia, the BRICS conference is wrapping up and we examine the key takeaways from the summit. And we look ahead to Japan’s snap election, which has been called by the country’s new prime minister Shigeru Ishiba.
You can contact us on WhatsApp or send us a voice note: +44 330 678 3033. We would love to hear from you!
Boeing workers vote on pay offer on Wednesday. Workers downed tools six weeks ago after rejecting initial pay offer. They’ve been offered a 35% pay increase, over the next 4 years.
Also, we hear from migrants from Latin America who work in the fields of the US state of Pennsylvania. Tesla’s share price jumps after its 3Q results beat market expectations. And we hear why France is home to both haute cuisine and fast food.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Leaders of the ten key BRICS nations gather in the Russian city of Kazan for the annual summit. It began eighteen years ago with Brazil, Russia, India and China. In 2010, South Africa joined. And most recently, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates were welcomed. Aiming to create what they believe is a more balanced global economy and reduce reliance on Western financial systems, we look at the impact they have on the global economy.
While IMF members are celebrating a slowdown in inflation, festivities are somewhat overshadowed by concerns about rising levels of private and government debt. As its annual conference in Washington DC is getting under way, we hear their outlook for the world’s major economies.
And with 13 days to go to the US election – we look at how border countries like Canada are viewing the prospect of a Harris or Trump presidency. Will it affect their livelihoods?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Essential businesses and schools remain closed until Wednesday as Hurricane Oscar makes landfall in Cuba - an island already in the midst of a massive power failure. Millions have been struggling with a near nationwide blackout after a major power station came offline. The government said power is expected to be mostly restored by Monday evening. We hear how food and water are proving difficult to come by for some islanders.
The High Court in London begins hearing a civil trial over the responsibility for Brazil's worst environmental disaster - the collapse of a mining dam in 2015. Nineteen people were killed and hundreds of homes were destroyed as toxic water was released. Claimants are now seeking $47bn in damages.
And, as the 16th annual summit BRICS is about to be hosted by the Russian President VladImir Putin – we speak to Lord Jim O’Neill. He coined the synonym ‘BRICS’ but told us he felt the organisation ‘no longer knows what it stands for’. Its members - including some new ones attending for the first time - account for 40% of the world's population and around a third of the world's GDP.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
The Cuban government has declared an energy emergency after a massive power cut led to the failure of supplies across the entire country. The total blackout came after the Antonio Guiteras power plant in Matanzas - the largest on the island - went offline. The government had already suspended all non-essential public sector services in an effort to conserve supplies. President Miguel Diaz-Canel blamed the decades-long US embargo against his country for the problem. Meanwhile, in China, what do latest GDP figures mean for the country’s economy? Results show the slowest growth since early 2023, but officials remain upbeat about future growth. We examine what's contributing the country's sluggish economy. Also, the global food industry is growing rapidly - some estimates say its now worth more than $10 trillion. But there are growing concerns about how healthy some of that food is. The UN has stepped in, detailing what they want global food producers to do about food labelling.
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
Beijing has stepped up efforts to boost its economy after reporting the slowest pace of growth in a year and a half.
Plus, why are we seeing a spike in tanker crashes in Nigeria?
And the Russian parliament has passed the first stage of a law to ban so-called "propaganda of childlessness" including large fines.
You can contact us on WhatsApp or send a voicenote to: +44 330 678 30 33. We would love to hear from you!
The European Central Bank has cut interest rates to 3.25% to prevent a significant slowdown in the Eurozone's economy.
Leanna Byrne hears from businesses around the continent to find out how they're responding to their country's economic challenges.
Taiwan Semiconductor Manufacturing Co. (TSMC) reports a 54% increase in Q3 net profit. The company estimated its capital spending in the current quarte would more than double to around $11.5 billion and that the budget was likely to increase further next year, as it expectshealthy demand for its products.
In the closing weeks of the US election, we hear from business-owners...
Also, we find out why announced Hong Kong government announced new regulations to phase out subdivided flats smaller than eight square metres.
And clocks about to change for many of us - but is there an economic case for ditching daylight saving time?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
We hear of the plight of vulnerable women in Lebanon—domestic workers who’ve been cast out by their employers as the crisis in the country deepens.
The US’ Federal Trade Commission tells Ed Butler how it plans to enforce new rules requiring American businesses to make it as easy to cancel subscriptions and memberships as it is to sign up to them.
We’ll also look at Ethiopia’s bold leap into the financial markets with its first-ever IPO, aiming to raise $255 million and lay the foundation for a stock exchange.
And Amazon dives into the nuclear energy race, joining AI giants in a quest for dominance in the energy sector.
The first people to be intercepted at sea by the Italian navy under a controversial migration deal with Albania are on their way to the Balkan nation to have their asylum claims processed. If rejected they will be sent back to countries deemed safe.
Also, in the programme, we look at the slow down is sales luxury goods firms have been reporting and the corresponding slump in their share prices.
And why Australia plans to ban “dynamic pricing” amid rising anger from fans faced with soaring prices as they try to buy in-demand tickets to see their favourite band?
And how opening of the Great Egyptian Museum (GEM) will boost the tourism in Giza?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
The IMF says the debt held by countries is likely to exceed $100tn by the end of this year. How concerned should that figure make us?
And while Ed Butler finds out why it’s been a bad day for chips (the computer ones), but a good one for (authentic) wine – as French police have uncovered a multi-billion dollar fake wine racket. The suspects are accused of creating counterfeit labels of renowned French vineyards, allowing them to sell bottles for thousands of dollars.
Google has signed a deal to use small nuclear reactors to generate the vast amounts of energy needed to power its artificial intelligence (AI) data centres. We find out why IT giant is aims to achieve limitless energy.
Also, today the world's biggest car bosses are meeting in Paris - and China's EV pioneers are bullish about the future despite the threat of tariffs...
And the World Bank has just released a report focusing on the 26 poorest countries globally. We asked Ayhan Kosi, the World Bank's Deputy Chief Economist, what challenges world currently facing?
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
China says it's introducing a range of bold policies aimed at reviving its economic growth, including measures to strengthen capital markets and stabilise the real estate sector. But detail is thin on the ground - and that's having an effect on global markets.
Ed Butler hears from the World Bank as its latest report shines a light on the 26 poorest countries in the world, highlighting the severe challenges they face, from poverty to limited access to essential services.
Plus there are tributes to Lilly Ledbetter - a trailblazer for equal pay in the US, with President Biden saying she never stopped fighting for all Americans to be paid what they deserve.
OpenAI's value surges to $157bn in funding deal where the maker of ChatGPT raised $6.6bn from a pool of investors that include Microsoft. We also hear from North Carolina, where damages caused by hurricane Helene could have serious implications for the tech-industry. And we take a look at the effect that the latest conflict in the Middle East is having on Israel’s economy.
Iran has launched around 180 missiles but most of them were intercepted. The attack comes after Israeli troops invaded Lebanon, in a ground operation against Hezbollah. We get the latest. As the conflict in the Middle East escalates, collateral effects start to be seen in the oil market, where prices have risen, and neighbouring countries like Syria, to where thousands of people have crossed from Lebanon seeking shelter. We take a look at what's unfolding in the region.And Canada’s international trade minister tells the BBC about the country's commercial relations with China now that tariffs of 100% on electric vehicles imported from the Asian giant have come into force.
Tens of thousands of dock workers in the US walk out in a dispute over pay and automation. Will Bain hears from our North America business correspondent Michelle Fleury, who's at the port of Newark. We also hear how the dispute could affect global supply chains, and the CEO of one of the world's biggest warehouse firms, Prologis, on how it could affect them.In the Middle East, the Israeli military has been carrying out what it describes as limited, localised raids against Hezbollah across its border with Lebanon. We hear from a Lebanese economist on how the Middle East's economy is likely to react, and hear about a jump in oil prices following the US' announcement that there are signs that Iran is preparing to launch an imminent missile attack against Israel. Plus we're in Paris to find out about the city's fashion week - and the luxury market's challenges with declining sales.
US ports brace for shut down as dockworkers strike is set to halt container traffic along the east and gulf coasts. We get the latest.
The markets haven't welcome the arrival of Japan's new Prime Minister, Shigeru Ishiba. We find out why.
And we take a look at the 10-billion merger of the last two remaining satellite TV providers in the US.
Japan’s new PM has called an early election. Roger Hearing hears how the markets reacted to the surprise win of Shigeru Ishiba in the race to become president of the Liberal Democratic Party.The auto company Stellantis which owns Aston Martin, Peugeot, Citroen, Fiat and Jeep has become the latest European car manufacturer to issue a profit warningAnd global rice prices have been falling on Monday, following India's recent decision to resume exports.
From today, a range of Chinese goods entering the US will have to pay steeps tariffs. The Biden administration has imposed a 50% duty on solar cells and 25% on steel, aluminium, EV batteries and key minerals. There is a 100% duty on electric vehicles to protect the American auto industry. So, can the American auto companies fill the gap by making affordable electric cars?
Meanwhile, there is trouble is brewing in the US East coast. Ten of the busiest North American ports are at risk of shutdown next week due to a union strike. And the international gold price recently soared to record highs. How long will the gold boom last?
Is another trade war brewing between the world's two biggest economies? The United States has just increased the level of border taxes - tariffs - on electric vehicles as well as on solar panels and batteries from China. Beijing has vowed to respond. Rob Young looks at the reasons behind the move.
Also, Japan has suffered what's often called three lost economic decades. Well, it's about to get a new prime minister. So, what's his plan for the world's fourth biggest economy?
And we look at the workers being fooled by artificial intelligence clones of their boss. Would you be able to tell the difference?
Japan's ruling Liberal Democratic Party will choose its new leader on Friday, after Prime Minister Fumio Kishida’s surprise announcement that he’s stepping down. But what do we know about those vying to take over from him? And how will a new leader effect the economy?
Meanwhile, in Spain, union groups have taken to the street in support of a law that would shorten the workday. Unions gathered around the country to put pressure on the national employer’s confederation to back the law, which would reduce the working week to 37.5 hours. And, you might have thought Elon Musk would be a prime candidate to be invited to the British government's inaugural International Investment Summit attracting investment to the UK. But the BBC understands he has - very purposefully - not been invited.
Devina Gupta looks at how China's slowing economy is helping some countries…
Also, from cooling economies to cooling appliances that are becoming dangerous for our planet we look at the latest UN report and find out how a business in India is using solar energy to run a cold storage unit.
And - South Korea's plan to make dog meat farmers move away from their profession.
Pakistan looks ahead to an anticipated $7bn IMF package as the country emerges from one of its worst economic crises since independence. Now, the government has amped up its efforts to raise nearly $46bn in taxes for the year - we hear from the former governor of the country’s state bank about what needs to happen next.
Meanwhile, in the US, the main presidential candidates are setting out their vision for the economy. Donald Trump currently has a 6% poll lead over Kamala Harris on the economy, but she’s been making gains. And, US plane maker Boeing faces more turbulence after a warning from the safety regulator, which has told US politicians that they won't let the company boost production until it addresses a series of issues. We hear from a former Boeing employee about his concerns, and how he expects the current struggle between the company and workers to play out.
We hear from a doctor in Pakistan who says he sees parents who do not have enough money to take their dead children home, highlighting the growing and devastating pressures poor families face as rising costs leave them unable to afford basic medication. Devina Gupta finds out if an IMF bailout package can help the country’s health care system.
Also, what does an IMF bailout look like for Bangladesh?
And in Ghana where an IMF bailout may have slowed inflation, food prices are still rising, we find out why…
New stimulus measures are being introduced by China’s central bank to reduce interest rates on existing mortgages. Devina Gupta speaks to lead economist Betty Wang.
Also, is fashion giant Shein benefiting from tax loopholes in the UK? The boss of a popular clothing chain Superdry thinks so, we find out more…
And - Singapore sees the biggest corruption scandal in its recent history, we look at why this conviction has had a huge global interest.
We are heading to Sri Lanka which has a new president but long-standing economic problems – Devina Gupta speaks to the country's former finance minister Eraan Wickramaratne.
Also, with the growing transmission of Mpox in Africa, businesses are having to consider how they can manage to continue operations, we find out more…
Plus, could strikes at a Samsung factory in India cause supply problems as we head into the festive season?
Tensions continue to rise in Lebanon and there is growing fear of escalating conflict between Hezbollah and Israel. Over the past decade Lebanon’s economy has shrunk dramatically, the currency has collapsed, and prices have skyrocketed. Many are living under fear and uncertainty. We hear from Lebanon's business community on how they are coping in the current climate.
Elsewhere, in Kenya a court has ruled that Facebook's parent company Meta can be sued over the dismissal of content moderators. These workers say they were fired for trying to form a union and that they were blacklisted from new jobs when Meta changed contractors. And Leanna Byrne looks at the strike by Boeing production workers, which has already racked up over half a billion dollars in losses.
The boss of the world's largest sportswear maker, Nike, is to step down as the company's market share falls and rivals produce more innovative footwear.
Also in Lebanon, the country's economy minister says the situation is escalating by the hour. Lebanon had already endured one of the worst financial meltdowns in history. Rob Young hears from the minister, a business owner and get a briefing on the state of the country's economy amid a slide towards -- what many fear will be -- an all-out war.
And we look at why tensions have resurfaced between China and Japan, Asia's biggest economies.
Under the shadow of conflict is normal life possible in Lebanon? The country has had a major economic crisis for almost a decade, and there is growing fear of escalating conflict between Hezbollah and Israel. We hear from Lebanon's business community on the challenges of working under the shadow of increasing violence.
Also, in the programme, Roger Hearing looks at the ongoing legal dispute between Brazil and the social media platform X. The company, which has more than 22 million users in Brazil, has appointed a new lawyer who has told the BBC that the company has decided to comply with all the court orders.
Elsewhere, the sportswear brand Nike has just announced its CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive.
“There’s no playground, no place to play football, and no wedding venue anymore. It’s all been washed away,” the words of a hotel owner just south of Wrocław, in Poland, hit by the worst floods in 25 years. You’ll be hearing more about her story…
Also, in today’s tech-focused episode Sam Fenwick will be discussing the United Nations’ call for stronger regulation of artificial intelligence.
You'll hear a special report on who tech titans might be backing in the US election.
And how have global investors reacted to the big interest rate cut in the United States?
The US Federal Reserve has slashed interest rates by half a point, the first reduction in more than four years. We talk to experts and businesses about the impact this will have in the economy.
A second wave of blasts have taken place in Lebanon, leaving at least 14 dead and more than 450 injured. We hear more about the exploding devices and their origins.
And reports of X being available again for users in Brazil have emerged weeks after the social platform was temporarily banned by a judge in the country. We look into what is happening.
Over the past four years, consumer prices worldwide have been on the rise. In the United States, inflation soared to 9.1% in June 2022, marking its highest rate since November 1981. Similarly, advanced economies have faced significant inflationary pressures. Later today, the US central bank, the Federal Reserve, will announce its latest decision on interest rates and is expected to cut rates for the first time in more than four years.
Elsewhere, the UK has announced inflation figures of 2.2%, but are consumers feeling any better off? Presenter Sam Fenwick examines if businesses have also been struggling with higher prices for energy and raw materials along with increased wages.
The US Federal Reserve is likely to cut interests rates tomorrow. We discuss the implications with experts in the United States. And why the Indian Supreme Court is stepping into the row about female doctors' safety at the Kolkata Hospital where a young medic was raped and murdered on her rest break. And on the ground in Sri Lanka ahead of this weekend's election, we hear how the country's slow recovery from economic turmoil will be an important factor in the vote.
Bill Gates has told the BBC that governments need to do more to help those living in extreme poverty. Since the pandemic many have cut their aid budgets. A report from the Bill and Melinda Gates Foundation warns that 40 million additional children will suffer from hunger in the coming years because of climate change and a drop in aid in Africa from nearly 40% of the global total in 2010 to just 25%.
Elsewhere, Thailand’s new Prime Minister Paetongtarn Shinawatra has announced a $13.5 billion cash handout programme for low-income earners and vulnerable groups that will start next week, and will hopefully give the economy a boost. And twenty-four hour party people. How will Montreal's economy benefit from extending their drinking hours?
TikTok takes to the courts to fight the US Government's ultimatum to get rid of its Chinese parent company and more troubles for strike-bound Boeing; the Seattle aviation giant is cutting back on spending and may furlough white-collar staff.Also, in West Bengal, why people celebrating the state's most popular festival may not be able to enjoy their traditional fish treat
Amid many economic challenges, the government in Islamabad wants to ensure it keeps its IMF support, brings down inflation and avoids a debt default.
Also, we examine how China can produce electric vehicles for under $20,000 and why Elon Musk's social media company X is moving its headquarters from California to Texas.
China is set to gradually raise its retirement age for the first time in decades, as the nation grapples with an ageing population and a shrinking pension fund. Under the new plan, men will retire at 63 instead of 60, while most women will work until 58, up from 55.
Plus, it's a challenging period for aircraft manufacturer Boeing, as workers have overwhelmingly voted to strike over a contract and pay dispute.
And Kenya's president William Ruto is in Germany to sign a labour agreement that will enable up to 250,000 skilled Kenyan workers to travel to and work in Germany.
Although Boeing executives and union representatives reached a deal earlier this week that includes a 25% pay rise over four years, the aviation giant facing the potential strike as it has yet to be approved by union members. We hear from the aviation consultant who is going to attend the Union meeting.
Also, why the historic downturn of the Paraguay River can play crucial role for the Paraguayan economy? And what future can we see in the space travel business?
Chinese stock markets have fallen to a five-year low, with investors concerned about the health of its economy. Elsewhere, the European Central Bank cuts interest rates again. Boeing makes a last ditch appeal to workers ahead of their vote on a new contract which includes a 25% pay rise offer. And we examine the economic legacy of Peru's former president Alberto Fujimori who has died.
On today's programme, plans to modernise Kenya's Jomo Kenyatta International Airport have prompted the aviation workers' union to go on strike. We look at what's behind the decision and how long passenger disruption is expected to last Plus, we look back at the market reaction to the U.S. Presidential debate, and Kamala Harris' vow not to ban fracking. And Starbucks’ new CEO, Brian Niccol, is looking to bring back that cozy community coffeehouse vibe as the world's largest coffee chain looks to turnaround its fortune.
After an eight-year long dispute, Apple was told by the European Union’s top court that it is required to pay €13 billion in back taxes to Ireland. What does this mean for the iPhone maker, and Ireland's future as a destination for big technology companies?
Plus, what are the key election issues for America’s younger workforce?
And Kenya pauses a deal for a major Indian conglomerate to run Nairobi’s main international airport.
Former Italian Premier and former ECB chief Mario Draghi has authored a European Commission report calling for €800 billion euros of additional annual investment. The report says the EU needs this alongside more innovation and faster decision-making to avoid seeing living standards decline.
A fall in Chinese producer prices has fuelled concerns that deflation may be taking hold in the world’s second-largest economy. Industrial producer prices fell 1.8 per cent in August, the most in four months. Steel and agriculture were among the sectors hit. Meanwhile, consumer prices rose 0.6 per cent. Apple releases the brand-new iPhone 16. We examine what are the latest features on offer, what makes it stand out from previous releases and is upgrading to latest model worth it for consumers?
Also, in the programme, presenter Ed Butler discusses a shake up in the fashion world as Sarah Burton is appointed creative director at Givenchy.
A fall in Chinese producer prices has fuelled concerns grow that deflation may be taking hold in the world’s second-largest economy. Industrial producer prices fell 1.8 per cent in August, the most in four months. Steel and agriculture were among the sectors hit. Meanwhile, consumer prices rose 0.6 per cent.
In Africa, the Africa CDC and WHO have launched a $600 million plan to combat mpox in 14 countries from September 2024 to February 2025. The initiative focuses on improving surveillance, laboratory detection, case management, infection prevention, and vaccination efforts to strengthen public health responses across the continent.
Apple’s iPhone 16 series, made in India, will be globally available shortly after its sales launch, marking a milestone for India’s manufacturing sector and the Make-in-India initiative.
Boeing's Starliner spacecraft has begun its journey back to Earth - but the astronauts it was supposed to be carrying are staying behind on the International Space Station. What happened?
US job growth was weaker than expected last month, with only 142,000 new jobs added. Is a recession imminent, and how might the Federal Reserve react?
And in South Africa, the Post Office teeters on the brink of closure. Business rescue practitioners have been brought in, jobs have been cut, and the CEO warns that billions are needed to save the state-owned company. What went wrong?
US job growth was weaker than expected last month, with only 142,000 new jobs added. Is a recession imminent, and how might the Federal Reserve react? Also, Boeing’s Starliner space shuttle will return to Earth soon, but not with its intended passengers. What happened, and what does it mean for commercial space travel?
Plus, the Biden Administration is tackling the issue of difficult subscription cancellations—what are their proposed solutions?
We’ll be looking at the US economy following the release of closely watched jobs data.
And, it's over 200 years old but it's on the brink of collapse: South Africa's postal office is looking to the government for a bail out. We speak to the man tasked with saving the institution.
Plus, what does a Banksy artwork do to your house price? Our reporter speaks to home and business owners.
The country is under a state of emergency as gangs try to expand their control over the capital, and other regions. We get the latest.
As Elon Musk's X is banned in Brazil, rival BlueSky gains ground in the South American nation. We talk to its CEO, Jay Graber.
And we get an insight on how airplane seats are made.
President Xi has offered $51 billion of Chinese finance for Africa and says it will create a million jobs... there are plenty of warm words about it but we'll examine who's getting the best deal.
Andrew Peach to a Swedish government minister about why they're abolishing a tax on air travel despite environmental concerns.
And why President Putin wants Russian cargo to make more use of a sea route which used to be blocked by ice before global warming.
Shares are down... with the tech giant Nvidia slumping almost 10%... is that because of fears about the US economy... or does it reveal wider concerns about artificial intelligence?
And fifty African leaders are in Beijing, looking for investment and tourism in exchange for access to minerals. We speak to DRC’s minister of communications about what delegates may be looking for from China.
And the German town worrying what will happen if VW closes the car plant their town depends on.
We start in Germany, where perhaps the biggest warnings yet about the pressure on Europe's car industry have come from one of the continent's biggest firms. Volkswagen - VW - has warned it could close factories for the first time in its history as it comes under increasing financial pressure.
Also today the boss of one of the world's biggest delivery firms warns of disruption to global trade,
And, fancy an AI dating - wingman?
Campaign donations have been a key feature of the 2024 US election. Since Kamala Harris entered the presidential race huge donation figures have been widely reported in the media. One Republican donor tells us why he’s hoping for a Trump win. We examine where campaign donations are coming from and how decisive they might be in this election.
Also in the programme, Rahul Tandon looks at the protests and general strike in Israel following the death of six hostages held by Hamas, and looking back at Mexico’s President Lopez Obrador’s economic record as he prepares to leave office.
Businesses, schools, universities and transport across Israel have been disrupted by a general strike called to put pressure on the government to agree a Gaza ceasefire and hostage release deal with Hamas. We find out how firms are operating and from one boss who's encouraging his staff to strike.
Also, Thailand's war on an "alien" fish that it fears could cost its economy almost $300 million.
And cries of foul play from fans of the band Oasis, after a ticketing meltdown and experiencing the rough side of dynamic pricing.
Elon Musk's social platform X expects to be blocked in Brazil after missing a judge's deadline to appoint a new legal representative. We get the latest. As The Maldives see their credit rating downgraded by ratings agency Fitch, investors fear the archipelago could become the first country to default on a sukuk, an Islamic financial product similar to a bond. We hear more about the islands' situation. And as more young Africans are leave their countries in search of a better future, we find out what happens to the elderly parents who are left behind.
Germany’s DAX Index, which tracks the country's 40 largest companies on the Frankfurt Stock Exchange, has hit a record high as investors expect the European Central Bank to cut rates.
Certain African countries have seen prices and taxes rise in the last few years, leading people to take the streets. We hear from people in Uganda, Nigeria and Kenya.
And could a universal basic income help protect the Amazon rainforest?
Tech companies are scrambling for its technology, but the firm has seen production delays. We hear from an investor who has held shares in the company for more than 20 years. The Telegram boss Pavel Durov is under formal investigation in France as part of a probe into organised crime on the messaging app. And how some companies are going out of their way to hire older workers.
The UK's Prime Minister, Keir Starmer, visits Germany to explore a 'reset' of relations with the European Union. But how easy is his quest? We find out. Ageing population is also a big concern in the UK, where 15 million people are over the age of 50 and economically inactive. As this trend rises, we look into what companies are doing to recruit these older workers. The National Football League (NFL) has taken a historic step which could transform the financing of American football. We hear the details.
The Pentagon says an oil tanker in the Red Sea which was recently attacked by Yemen's Houthi rebels is still on fire and appears to be leaking oil. The MV Delta Sounion was carrying about 1 million barrels of crude oil.
Also, in the programme, Roger Hearing hears why American consumers are feeling more optimistic and asks why Estonia's justice minister wants to rent out unoccupied prison cells.
The US national security advisor, Jake Sullivan, is visiting China where he's meeting with authorities to discuss Taiwan and trade.
As India's population continues to grow, we hear about businesses trying to cash in on the booming 'silver economy'.
And how the construction of an airport in the Philippines has been delayed due to a sand shortage.
The CEO of the Telegram messaging app Pavel Durov is being held by French authorities until at least Wednesday. Why has he been arrested and what does this say about social media regulation?
Plus, IKEA is trying out a second-hand marketplace.
And business opportunities from India's ageing population.
The owner of Telegram, Pavel Durov, has been arrested in France for offences related to the app. We get the latest. The oil tanker attacked by Houthi rebels last week is still on fire in the Red Sea. We find out the consequences this can have on the shipping industry. People in Australia can now refuse to respond to their employers outside working hours. We hear more about the countries new "right to disconnect" law.
As US jobless claims rise and housing affordability worsens, will the Federal Reserve cut interest rates in September?
Plus, are tech giants ready to embrace open-source software?
And, is Saudi Arabia hosting the Esports World Cup just an example of 'sportswashing'?
We hear what the Democratic presidential nominee could do for American voters on lower incomes, as she prepares to address the party's National Convention.
Also, major disruption to Canada's rail freight network could be short-lived.
And what's behind the sudden departure of Nestlé's top boss?
Gold prices hit new record high as investors pile back into the commodity ahead of expected interest rate cuts in the US. We look into the details. A month after the resignation of the Prime Minister of Bangladesh, Sheikh Hasina, the BBC talks to former IMF economist and new central bank Governor, Ahsan Mansur, about the economic challenges the country faces. And we find out why protesters in Serbia are against a lithium mine that could cover 90% of the metal's demand in Europe.
Tesla's Chinese-made electric vehicles imported into the European Union will be subject to lower tariffs than those produced by competitors. We listen to the EU's arguments, and look at the implications this can have on the European market. Ghana's president has launched the start of the construction of a multibillion-dollar petroleum hub in the west of the country. But landowners at the proposed site are not happy about it. We find out why. And 'Black Myth: Wukong', a new game made by Chinese developers, has become one of the most played ever on one of the top gaming platforms. We hear about the game's plot, and why it's so popular.
The Democratic National Convention kicks off in Chicago, in a four-day event that will see Kamala Harris formally confirmed as the party's presidential candidate. We hear from correspondents on the ground. The government in Nicaragua has outlawed 1,500 civil society groups in one day. They're accused of failing to report their finances and face the confiscation of all their property. We hear about the economic implications. And British tech entrepreneur Mike Lynch is among the missing along with his 18-year-old daughter after the superyacht they were sailing in sank in Sicily. We get the latest.
Kamala Harris has outlined her economic programme ahead of the US presidential election in November. She discussed what the so called "opportunity economy" would mean for Americans, and in particular the middle class, while also addressing the key issues of the campaign – health care costs and rising food inflation.
The English Premier League is the most-watched sports league in the world, broadcasting in 212 territories to 643 million homes, with a potential TV audience of 4.7 billion people. But as the new football season kicks off, Rahul Tandon finds out why people in Peru support Manchester United rather than their local club sides.
Thailand’s youngest-ever head of government, Paetongtarn Shinawatra, faces the difficult task of managing relations with the military, which constrains the power of elected governments.
And we travel to the world's highest single arch railway bridge, which connects Indian-administered Kashmir with the rest of India for the first time by rail.
The latest business and finance news from around the world, on the BBC.
As Sweden's confirmed the first case of the new Mpox variant outside Africa, we spoke to Paul Chaplin, of drug manufacturer Bavaria Nordic who are the main producer of the vaccine, on whether there's enough of the vaccine to fight the disease.
In the US the White House says its negotiated a big cut in the prices of some key medicines. The deal was reached with big pharmaceutical companies and covers ten medicines for conditions including diabetes and heart failure. But how has the US government achieved such a deal? Rahul Tandon speaks to a health policy professor in Tennessee.
And we discuss the problem's facing India's economy, where issues of women in the workplace are back in the spot light after the rape and murder of a female doctor in Kolkata.
The latest business and finance news from around the world, on the BBC.
The World Health Organization (WHO) has declared the mpox outbreak in parts of Africa a public health emergency of international concern. We hear about the economic implications. Japan registered an annual GDP growth of 3.1% in the second quarter of the year, a figure above expectations. But can we say the country-s economy is back on its feet? We find out. And North Korea will soon open some areas of the country to new visitors after years of shut borders, according to some tour operators. We talk to one of them.
New data shows inflation in US is slowing down. Will it mean the US central bank will cut interest rates in September? We speak to a panel of guests sharing their thoughts.
And Japan is set for a new Prime Minister as Kishida bows out as party leader.
Japanese Prime Minister Fumio Kishida announces he will step down in September, once his party has elected a new leader. Rise in the cost of living and scandals in his party has plummeted his government's approval ratings. We get the latest. Many YouTube users in Russia report that the platform has either stopped working or they're being restricted access to certain channels. We hear about the impact this is having on businesses that rely on YouTube to get their income. In Seville, the city council says it will cut the water supply to unlicensed tourist apartments. We hear what residents think about this plan.
South Korea is advising carmakers to disclose EV batteries information after fire incidents caused concerns over their safety. We look into the details. Car leasing companies say they are having to take cuts when selling used electric cars. We hear about the impact this can have in the industry. And beer is at the heart of a dispute between the Democratic Republic of Congo, And Zambia. We listen to what is happening at the border of the two neighbouring countries.
The International Labour Organisation says youth unemployment has fallen to its lowest level in 15 years but it warns challenges are bigger for young people in certain regions. We look into where this is happening. Inflation in India has dropped to 3.54% in July, and is now the lowest in almost five years. We hear about the reasons and the consequences of this decline.And the business travel industry has recovered from the pandemic blow despite companies making less trips. We look at how corporate travel is evolving after Covid.
Fedecamara, the Venezuelan Federation of Chambers of Commerce, calls for transparency in election results to help businesses recover markets' trust and attract foreign investment. We talk to its president, Adan Celis. Voiceover and movement actors continue striking in the US. They want the videogame industry to agree to pay performers when their work is used by AI to generate new scenes. We hear from one of the union's negotiators. Colombian policymakers are pushing a bill to ban merchandise featuring the late drug lord Pablo Escobar, who has become a local attraction for international tourists in the last decade. We hear about the consequences this could have on tourism.
Nobel laureate Muhammad Yunus is sworn in as leader of Bangladesh’s interim government days after Former Prime Minister, Sheikh Hasina fled across the border to India. We get the latest. As US voters prepare to elect their new president, the cost of housing remains one of the main topics in the agenda. We take a look at the challenges Americans face to get on the property ladder. And Nasa is rushing to bring back to Earth two astronauts who blasted off on a test mission to the International Space Station, and whose spaceship is now considered unsafe for the trip back home. We hear how Elon Musk’s SpaceX might have the solution to Nasa’s problem.
After the celebrations on the streets and jubilant return to Bangladesh for Muhammad Yunus - we hear the economic reality facing the interim leader and his country...
Also, we hear from Professor Lorna Woods, from the University of Essex as the UK authorities grapple with the part social media played in widespread anti-immigration riots.
The runaway success of Disney's Inside Out 2 has helped boost the entertainment giant's profits, but there are troubles elsewhere in the Magic Kingdom. Roger Hearing will be finding out why consumer demand seems to be slowing.
We hear how a tribe who live in the Bolivian rainforest may live a far healthier life than people with far more material wealth.
And how much do Olympians really get paid if they win a gold, silver or bronze medal?
Under pressure from investors, mining giant Glencore is shelving its plans to sell off its coal-mining business. What does that say about the company’s commitment to a greener transition?
We examine the cost of living in Nigeria, which has seen a week of protests. And why Elon Musk is suing companies who refused to advertise on his social media platform X.
A major Democratic party donor in the US tells us why adding Minnesota Governor Tim Walz to the Harris presidential ticket is the right pick for the party.
We find out who is being lined up as Bangladesh's interim leader and what they want for their economy.
And Uber was once a company synonymous with government rows but have managed to ride out the market storm - one taxi ride at a time.
Kamala Harris has picked Minnesota Governor Tim Walz as running mate in the US presidential elections. The former high school teacher will be vice-president if she wins. We get the latest. Students in Bangladesh want the country's Nobel Peace Prize winner, Muhammad Yunus, to be named chief adviser of a new interim government. This comes a day after Prime Minister Sheikh Hasina fled the country in the face of a popular uprising. We hear about Yunus's work and the state of the nation's economy.A US judge has ruled Google acted illegally to crush its competition and maintain a monopoly on online search and related advertising. We take a look at the consequences of the ruling.
Weak economic data from the US has fuelled speculation that the world's largest economy is slowing. In London, the FTSE 100 fell and stocks in Asia have tumbled. We take a look at what's perplexing investors around the world.
The Bangladesh Prime Minister resigns following weeks of deadly anti-government protests we find out how the garment and textiles industry has been impacted.
And we hear how product placement is being used at the Olympic Game after one brand became highly visible during the opening ceremony.
It's been a torrid day on the world's stock markets. Japan's Nikkei index leads the sell-off with a fall of over 12 percent. European and US markets are also down.
And in Bangladesh, the prime minister resigns and flees the country just before protesters storm her official residence. What happens next, and will Bangladeshi businesses now be able to get back on their feet?
As the US publishes disappointing jobs figures we look back at a week in which global stock markets have wobbled.
Also, we look at how protests in Bangladesh have affected the country’s leading garment trade industry. Its’ taken a financial hit worth billions of dollars….
And, as the athletics kicks off at Paris 2024 - how the super-shoe has become a controversial issue for athletes.
We report from Nigeria where young people are making their voices heard, as they protest about economic hardship.
The Bank of England has cut interest rates for the first time in more than four years. We'll find out how the news is being received by British businesses.
And when did airline safety videos turn into epic productions? We find out why one major airline has invested in a lavish production designed to keep passengers’ attention during those often tedious safety demonstrations…
Lebanon and the Lebanese people are still suffering a debilitating economic crisis that has gripped the country since 2019. On Monday Israel struck a major blow against the Iranian backed Hezbollah with an attack on Beirut. There are fears this will further hurt an already weak economy. We hear from the local business owner who's struggling to run a restaurant.
Also, in the programme, Ed Butler looks at the ongoing protests in Venezuela following Sunday’s Presidential elections, and finds out how the US sanctions are affecting Georgia.
We look at the reasons behind Boeings large financial decline and how this will affect its supply chain
We also look at why Japan is bucking the trend and raising interest rates. And we look ahead to the crucial US decision on interest rates later on Wednesday, as pressure grows for a reduction.
Also, today we find out why some of the shares in the biggest tech companies on the planet have been slipping this week.
And, why financial incentives attracting remote digital workers in South Africa are not proving popular with some of the locals...
Protests in Venezuela have been met by violent repression, as critics question the validity of election results that were declared in favour of the incumbent President Nicolas Maduro, who has presided over almost a decade of economic collapse. We'll get the latest from Caracas.
Also, Microsoft's earnings for this quarter are up, but its cloud arm underperformed.
And what 's happened to US consumer confidence, on the day before the Fed decides whether to lower interest rates?
We look at what's going on with Germany's economy… once Europe's driving force, new data today suggests its economy went into reverse from April to June.
Also today, why a mega fine for one of the world's biggest holiday booking platforms could be the start of the latest round in the continuing battle between governments and Big Tech.
The people of Venezuela face an uncertain future as president Nicolas Maduro claims victory in its presidential election - but the opposition has reacted with fury, and is claiming foul play.
So what does this mean for citizens and businesses?
And we hear from the widow of the pilot who died when Boeing 737 Max crashed.
We'll be looking at why Ethiopia has decided to allow its currency to be traded on international markets - and what that means in practice both at home and abroad Also, today, what impact could Venezuela's contested election have on the country's key industry - oil. And we'll be hearing from Amazon Web Services on how big tech, has entered the Olympic Games...
Venezuelans head to the polls amid growing concerns about election fairness and economic instability.
Long: : Venezuelans head to the polls this Sunday for a presidential election fraught with concerns over fairness and transparency, against a backdrop of prolonged political and economic turmoil.
The Paris Olympics are set to dazzle with a grand opening ceremony, despite earlier arson attacks on the train network raising security issues. The games are anticipated to inject 5 to 10 billion euros into the French economy.
Plus Argentina’s strong peso is creating a unique economic challenge: inflation is surpassing currency devaluation, prompting many Argentinians to cross borders for cheaper goods in neighbouring countries due to high domestic tariffs.
In this special edition of World Business Report on the day of the opening ceremony in Paris, we're on the banks of the Seine where the event takes place, and hear from businesses who say that the security lockdown in the area has hit their trade badly.
Will Bain also goes behind the scenes of what it takes to run a team involved in the Olympics. Each country has a Team Leader or Ambassador - or in Olympics terminology they're called Chef de Mission. we hear from Anindya Bakrie who has this role looking after the Indonesian team - he is CEO of Bakrie and Brothers, one of the country’s biggest conglomerates.
And we look at how smaller brands are muscling in on the bigger names of fashion giants such as Ralph Lauren, Stella McCartney and Nike. This year’s games will see some smaller labels on the podium as athletes wear less-well known clothing brands.
The US has reported a growth rate of 2.8% so is it enough to signal the end of fears about a recession? Roger Hearing speaks to Bonnie Wilson, Associate Professor, Department of Economics at Saint Louis University.
Also find out why Donald Trump takes centre stage at this years Bitcoin conference. We find out why Mr Trump wasn’t always the staunch crypto supporter he is today.
And, Venezuela’s presidential election takes place this Sunday, with a unified opposition hoping to remove President Nicolas Maduro from power. Catherine Ellis reports from the town of Barquisimeto
China begins mining copper in Afghanistan following a deal made years before the Taliban takeover in 2021. What could it mean for the Afghan people and for future investors?
Plus, a UK cosmetic surgery firm drops its legal actions against former clients who criticised it in online reviews.
And Salt Lake City celebrates getting the Winter Olympics in 2034.
Presenter Will Bain examines the ongoing turbulence in supply chains and the under-the-radar aviation deals at Farnborough in the south of England, where the biggest names in global aviation are convening for its renowned air show.
We'll also delve into the continuing fallout from the global IT outage, focusing on what’s next for the company at the centre of it, CrowdStrike.
Plus, we explore why luxury goods stocks are selling off, as shares in one of the industry’s biggest names, LVMH, take a hit.
Presenter Devina Gupta examines India’s first budget for the new coalition government led by Narendra Modi. There are plans to grow the economy by creating jobs and attracting new investment from abroad. We are in Bangladesh to hear from an internet service provider about how he is trying to keep services going for businesses after protests turned violent in the country. And we hear how one of the main airlines in the US, Delta is struggling to get its operation back to normal after last week's IT outage. Cybersecurity firm Crowdstrike triggered the chaos with its faulty computer update.
Presenter Devina Gupta speaks to a former campaign manager for Kamala Harris Jill Habig about the challenges that lie ahead for her in a bid to become US President. We hear how she is continuing to secure funds. We also examines India's newly elected government’s first budget. How will it play out given Narendra Modi’s poor showing in the polls and reliance on coalition partners? We also assess how the Chinese economy will fare after The People's Bank of China decided to cut short-term rates. Its hoped this will reduce borrowing costs and help businesses.
Donations to President Joe Biden's party saw a huge spike after he announced he was no longer running in the US election. Donors had pressured Mr Biden to step aside. But his departure from the candidacy leaves a number of questions - particularly when it comes to the vast sums of money required to secure a term in the White House. Also on the programme, Will Bain looks ahead to one of the aviation world's biggest events.
This Friday was one of the least easiest for many people across the globe. A raft of global institutions - including hospitals, major banks, media outlets and airlines - have reported a mass IT outage, affecting their ability to offer services. Delays are still ongoing at many of the major world airports after thousands of flights were cancelled.
Devina Gupta finds out how can anyone be prepared for anything like this? And who is going to pay for this IT disaster?
As queues stacked up at airports, TV channels went off-air and medical appointments were postponed, anti-virus firm Crowdstrike quickly became a household name when it confirmed a bug in its software was to blame for IT issues on Microsoft devices across the world.
Gideon Long speaks to businesses affected by the outage.
A High Security Alert has been issued for the whole of Bangladesh, as violent clashes between students and police continue. The capital Dhaka is in the midst of a near-total internet blackout, with phone lines also down. On Thursday evening, several thousand protestors stormed the state broadcaster BTV, vandalising furniture, smashing windows and lights and setting parts of it on fire. We speak to Ali Riaz, Professor at the Department of Politics and Government at Illinois State University.
Angel City FC has become the world's most expensive women's sports team following a $250m takeover. The Los Angeles-based side have been taken over by a US couple, Willow Bay and Bob Iger - he's the CEO of the Walt Disney Company – and they will become the new controlling owners of the club. Their star player Christen Press gives her reaction.
Also, in the programme, we talk about a new minimum wage in Nigeria and look at the final day of the 2024 Republican National Convention in the US city of Milwaukee.
Protests in Kenya and Bangladesh which were ignited by high prices and increasing job insecurity have evolved into political movements. In both countries, people are challenging the role of their elected leaders. Sam Fenwick explores if fragile economies influenced the demonstrations.
Also, Ursula von der Leyen has won a second term as European Commission President, pledging great prosperity for EU citizens.
Donald Trump's recent comments suggesting Taiwan should pay for its own defence have sent shockwaves through global markets, leading to a significant drop in semiconductor stocks.
In the UK, the King's Speech in Parliament has proposed a dramatic shift in the transportation sector by suggesting the nationalisation of the railways.
And presenter Roger Hearing dives into the world of sports as the WNBA finalises its next national media rights package, set to bring in approximately $2.2 billion over the next 11 years.
University students have been holding rallies for days against the system of reserving some public sector jobs for the relatives of war heroes, from when the country gained independence from Pakistan.
Some jobs are also reserved for women, ethnic minorities and people with disabilities.
Also, Britain's King Charles opens parliament, and the new government promises to "take the brakes off Britain" -- by boosting house building. Will it lead to more investment? We'll hear from a building firm.
And the luxury fashion brands being investigated for how they treat workers in their supply chains.
Presenter Rahul Tandon explores what lies ahead for Bangladesh after the government indefinitely closed all schools and colleges. Six people have died in student protests over a quota system for government employment.
French President Emmanuel Macron’s government has resigned . It follows political deadlock in France as it prepares to host the Summer Olympics.
Rwandan leader Paul Kagame is poised to extend his 24-year reign. Provisional election results indicate he has secured a fourth term with 99 percent of the vote.
Elsewhere, Devina Gupta looks to the debate around low-carbon fertilisers, and in Turkey, the government is set to approve a new bill hoping to steady the country's shaky economy. And what's it like being a delivery company on Amazon Prime Day? We speak to one firm in India.
Presenter Rahul Tandon discusses the announcement of Iowa Senator JD Vance as Donald Trump’s pick to be his running mate in November’s Presidential election.
Rahul speaks to Vivek Ramaswamy - who himself was a candidate for the Republican Presidential nomination.
And we hear about the new law in Indonesia where maternity leave has been extended from 3 months to six months for certain people.
We look at how U.S markets have reacted since the attempted assassination of former President Donald Trump.
Elsewhere, Devina Gupta looks to China where a key Communist party meeting is taking place, against a backdrop of sluggish spending which is also causing headaches for luxury brands such as Burberry. We also hear about new maternity leave rules in Indonesia, and the potential challenges.
Presenter Rahul Tandon discusses the ongoing debate about the future of Joe Biden. One of Donald Trump’s biggest supporters Vivek Ramaswamy assesses the shortcomings of the current President.
Saudia Arabia has boosted imports of the dirtiest type of oil after hot weather. We hear why the world’s biggest crude exporter buys fuel oil for power plants.
French Football is facing a financial crisis because it cannot find a TV deal. We find out what impact this could have on the professional game in the country.
Pressure appears to be building on Joe Biden to step aside in November’s electoral contest with his Republican rival Donald Trump.
We look at the role that donors have been playing in this election, and what it means if they stop funding the president.
Also, it's the biggest wedding in India - we take you to Mumbai where Asia's richest man is splurging millions of dollars for his son's nuptials.
Rahul Tandon hears from Democratic donors and swing state voters as President Biden prepares for a high-stakes news conference following the NATO summit in Washington DC.We also examine Kenya's financial situation - as the President dismisses the cabinet following the deadly riots over tax changes.
Will he stand in November, or won't he? US president Joe Biden under even greater pressure to step back amid fears about his mental and physical fitness. We hear from Morris Pearl, Chairman of the Patriotic Millionaires group.
Also, we hear from the trade union movement in South Korea on the indefinite strike hitting Samsung. And with two major football finals on the horizon, we look at how demand for classic shirts has taken off.
Rahul Tandon hears from Biden donor Jeffrey Sonnenfeld, who says it's "crunch time" for the President as pressure mounts over whether he should try for re-election.Meanwhile the US administration imposes tariffs on Mexican steel imports - those which have been partly made in China. Is this an anti-China move - or a election ploy?We also find out why the charge is very much reduced on lithium-ion batteries - with prices down 51% in China, this year alone.
After a three-day strike at the world's largest maker of semiconductors, smartphones and TVs, the labour union at Samsung Electronics in South Korea has declared an indefinite strike.
The union, which has 30,000 members, claims the strike has impacted production, but Samsung denies this. We hear from Professor Daejong Kim from the Graduate School of Business at Sejong University.
Also, Roger Hearing finds out why India's prime minister Narendra Modi is visiting Austria and why the global alcohol industry is obsessed with celebrity-owned drinks.
NATO leaders meet in Washington, amid a rising deathtoll in Ukraine and a debate around the future of US President Biden. What will come from the reunion of the alliance?
Elsewhere, Vivienne Nunis looks at the successful launch of Europe's newest rocket, and why the non-alcholic beer market has investors' attention.
The US president Joe Biden is welcoming the heads of NATO member states to Washington today, for its annual summit.
Among the key topics on the agenda are affirming support for Ukraine and strengthening deterrence and defense. We speak to Sweden’s Minister for Defence Pål Jonson.
Also, in the programme, we find out what new trade deals between India and Russia have been discussed in Moscow today and the European Space Agency joins the space race.
France which is Europe's second largest economy - woke up to an unexpected result in the second round of its general election. Projections showed the far-right National Rally had failed to win a majority. It had been the largest party after first-round voting - but today, the left-wing coalition, the New Popular Front, has most seats, while President Macron’s centre alliance came second. Sam Fenwick gets reaction from businesses and economists about what the result of a hung parliament in France could mean. So, from one election without a clear winner to another with a very clear outcome; UK Labours new Chancellor of the Exchequer, Rachel Reeves, outlines her plans for delivering economic growth. And Boeing has agreed to plead guilty to a criminal fraud conspiracy charge stemming from two crashes of 737 Max jetliners that killed three hundred and 46 people. As part of the plea deal, Boeing will pay a criminal fine of nearly $250 million.
France which is Europe's second largest economy - woke up to an unexpected result in the second round of its general election.
Projections showed the far-right National Rally had failed to win a majority. It had been the largest party after first-round voting - but today, the left-wing coalition, the New Popular Front, has most seats, while President Macron’s centre alliance came second. Sam Fenwick gets reaction from businesses and economists about what the result of a hung parliament in France could mean.
So, from one election without a clear winner to another with a very clear outcome; UK Labours new Chancellor of the Exchequer, Rachel Reeves, outlines her plans for delivering economic growth.
And Boeing has agreed to plead guilty to a criminal fraud conspiracy charge stemming from two crashes of 737 Max jetliners that killed three hundred and 46 people. As part of the plea deal, Boeing will pay a criminal fine of nearly $250 million.
After a momentous change for British politics, the new Prime Minister, Labour's Keir Starmer has been welcoming in his new cabinet. And amongst the members of his top team was the country's first ever female finance minister.
Also, in the programme, Devina Gupta looks at the big elections showdown in France this weekend. And the boss of Esports World Cup joins us from Saudi Arabia to talk about allegations of Sports washing.
On World Business Report we have a panel of experts who have been there and know how it works to explain how markets have reacted to the news of a new UK government, ways to boost economic growth and how, practically does Britain's new finance minister get started in a new job?
France also prepares for the second round of its election on Sunday, we hear how businesses are trying to navigate the current political uncertainty there.
Millions of people voted at the UK General election. Rahul Tandon finds out what the exit polls tell us about how the contest could go and what it means global economy.
Will Bain finds out more about the malaria vaccine that scientists and economists think could save some economies millions…
Also, those EU tariffs on Chinese electric cars have come into force - we'll look at what that might mean next…
And finally, we're off for a spot of wine tasting.
Hurricane Beryl has hit Jamaica, bringing with it catastrophic damage. A number of people have already been killed in the path of the storm, including in Grenada, as well as St Vincent and the Grenadines.
Devina Gupta talks to local business owners and finds out how climate change is impacting insurance companies across the globe.
Also, in the programme, we talk to Austin D. Goolsbee, president of the Chicago Federal Reserve. We also take a look at the UK’s general election and one of the big voter issues - the price of buying a home.
The UK is less than 24 hours away from polls opening in a landmark general election. The next government will inherit a low growth economy and a complicated relationship with its biggest trading partner, the European Union. Waiting lists within the National Health Service, and rise in the cost of living have been among the major issues during the campaign.
President Joe Biden has called on major drug companies to cut the price of weight loss medication Hurricane Beryl, a category 5 storm is heading towards Jamaica. We hear more from disaster modeller Enki Research And Jayson Tatum will sign a five-year deal, worth $314 million dollars with the Boston Celtics, making it the largest contract in NBA history.
The head of IEA Dr Fatih has told World Business Report that unless the thousands of currently operating coal plants around the world are retired early the world has zero chance of keeping global warming within 1.5 degrees. He speaks exclusively to Rahun Tandon on this issue.
Sri Lanka is set to save $5 billion following a restructure of its bilateral debt, much of which is owed to China. A deal has been reached to cut the interest rates Sri Lanka pays.
And people in the United Kingdom are getting set to cast their votes in the general election on Thursday.
The Conservative party have been in government for 14 years, but they're behind in the polls - so there could be a change of leadership in the UK over the next few days – former USA ambassador to the UK Matthew Barzun explains how a change in government can affect trading relationships between the US and the UK.
Lawyers representing family members of victims tragically killed in the Boeing plane crash say they will be offered financial compensation. Rahul Tandon speaks to Paul Njoroge who lost his family in an Ethiopian plane crash.
Plus, we get French market reaction to the first round of the country's elections....
and South Africa's new cabinet is announced - what will be first on its economic to-do list?
In a 6-3 vote, the US Supreme Court killed a legal precedent that conservatives have attacked for decades, known as the "Chevron deference". The court decided in 1984 that judges should defer to federal agencies in interpreting ambiguous parts of statutes. However, from now on the courts alone will decide. Roger Hearing speaks to our reporter Nada Tawfik who tells us more about the Chevron Deference and a scientist who is among those opposing the judgement.
As Iran votes in a new president, what are the economic challenges the new man will face?
Kenyan police have arrived in Haiti to try to tackle the endemic gang violence there - a Haitian professor tells us what difference they're likely to make. We hear from a gang leader and Professor in Haiti.
And it was the busiest day ever for American air travel - a big post-covid recovery - but do the airlines and airports have enough capacity?
President Javier Milei’s plans to slash public spending has been approved by Parliament. Devina Gupta speaks to reporter Natalio Cosoy based in Argentina about what this controversial approval could mean for ordinary citizens.
We head to India's capital city - Delhi which has seen its highest rainfall in over 80 years.
And find out how investors are reacting to two big upcoming elections - the US and France.
The Supreme Court has blocked a $6bn settlement that shielded the Sackler family, who own Purdue, from future legal action. The pharmaceuticals company is widely blamed for the US opioid crisis. We dig into what the ruling means.
Meanwhile, we speak to two executives heading the $2bln Korean company behind "webtoons", which has just launched on the Nasdaq stock exchange. And India's government looks into reports that iPhone maker Foxconn is excluding married women from working at its main factory.
We head to Kenya where a day after President Ruto rolled back controversial tax increases, young protestors are still out on the streets . As police fire tear gas to try and disperse crowds, Devina Gupta finds out what the impact has been on daily life and businesses.
Also, how families in Zambia are struggling with rising costs, driven by a prolonged drought.
From the US - what to expect in the first presidential debate today, and why pharmacy chain Walgreens is shutting a significant number of stores.
In Bolivia, factions of the military have attempted to enter the presidential palace in what's being described as an attempted coup. We dig into what might be behind the movement. Elsewhere, Roger Hearing looks at the latest in Kenya following deadly riots. And we hear from the Dubai boss of one of the world's largest free trade areas, who has defended its policy to continue trading even with countries locked in conflict.
Kenya’s President has declined to sign a contentious finance bill that has sparked nationwide deadly protests. The bill has been sent back to parliament for amendments.
Leanna Byrne speaks to a Kenyan influencer who explains how the proposals could affect her work.
Volkswagen has jolted the electric vehicle industry by partnering with an EV start-up... We'll get the ins-and-outs of that deal.
And the Japanese yen has dropped to its lowest level in 34 years, which has people wondering: Will the government intervene?
Presenter Rahul Tandon examines the widespread protests over tax rises taking place in Kenya. Many young people are involved in the demonstrations across the country.
We hear from an informal advisor to Donald Trump about what the former President’s economic vision will be if he is elected again.
Deadly heat waves are becoming more intense and frequent across different parts of the globe. We are in India to hear how this is affecting the rural poor.
Some of the world's largest music labels are suing two artificial intelligence firms, claiming they are training their models with copyrighted music.
Elsewhere, Rahul Tandon looks into the latest fight Apple is facing in the EU, and why there's trouble rumbling in the Premier League.
A Swiss court has sentenced four members of the UK's richest family to prison sentences ranging from four to four-and-a-half years.
Prakash and Kamal Hinduja as well as son Ajay and his wife Namrata were found guilty of exploitation - usury in the Swiss penal code - and illegal employment.
Also, in the programme, Rahul Tandon finds out how Canadian farmers working during extreme heat and a deal looks finally sealed to sell Queen's back catalogue...the most valuable in rock.
A Swiss court has sentenced four members of the UK's richest family to prison sentences ranging from four to four-and-a-half years.Prakash and Kamal Hinduja as well as son Ajay and his wife Namrata were found guilty of exploitation - usury in the Swiss penal code - and illegal employment.Also, in the programme, Rahul Tandon finds out how Canadian farmers working during extreme heat and a deal looks finally sealed to sell Queen's back catalogue...the most valuable in rock.
The inflation is the rate at which prices increases - so when we say the inflation rate is slowing down it does not mean that prices are falling . So we wanted to discuss why inflation is still so sticky with someone in the US who has been looking at it for some time - someone involved in those crucial decisions on interest rates Rahul Tandon spoke to Austin Goolsbee President of the Federal Reserve bank of Chicago one of 12 Reserve banks in the US.
The inflation is the rate at which prices increases - so when we say the inflation rate is slowing down it does not mean that prices are falling .
So we wanted to discuss why inflation is still so sticky with someone in the US who has been looking at it for some time - someone involved in those crucial decisions on interest rates
Rahul Tandon spoke to Austin Goolsbee President of the Federal Reserve bank of Chicago one of 12 Reserve banks in the US.
EU tariffs on Chinese electric vehicles could backfire, after Chinese car companies called on their government to introduce import taxes on EU petrol cars, in response. Vishala Sri-Pathma dives into whether this is a sign of things to come.Elsewhere, we look at protests in Kenya over a slew of unpopular tax proposals. And we examine the prospects for closer economic ties between Russia and Vietnam after President Putin’s visit to Hanoi.
There has been devastating human and economic consequences of the heatwaves in several parts of the world. At least five hundred and fifty pilgrims have died during the annual Muslim pilgrimage to Mecca
In the UK inflation has come under the 2 per cent target for the first time in three yearsAnd the surging prices of luxury goods have turned off turned off some shoppers. We ask why?
Citroen CEO Thierry Koskas tells the BBC about its plans to compete with Chinese manufacturers, and why it's "confident" it can beat them on home turf.Elsewhere, Roger Hearing looks at whether Nvidia - now the world's most valuable company - is in a price bubble. And he hears from South Africa's new coalition about plans to boost the country’s economy.
Chip-maker Nvidia has become the world’s most valuable company after its share price climbed to an all-time high. It is now worth $3.34tn with the price having nearly doubled since the start of this year.Also, Devina Gupta takes a look at President Joe Biden's new policy that is likely to change the lives of tens of thousands of migrants married to US citizens, and finds out why stock exchange workers are going on strike in Italy.
Russian leader Vladimir Putin is in North Korea for his first talks there in almost a quarter of a century. We hear what two of the world's most sanctioned nations have to offer each other's economies.
Roger Hearing finds out why Boeing's CEO is likely to get a grilling when he appears before the US Senate.
With another US electric vehicle start-up filing for bankruptcy, what does it mean for the industry? Meanwhile, how can a new AI tool help fruit growers improve their profits by predicting their harvest?
The latest business and finance news from around the world, on the BBC.
Russian leader Vladimir Putin is in North Korea for his first talks there in almost a quarter of a century. We hear what two of the world's most sanctioned nations have to offer each other's economies.Roger Hearing finds out why Boeing's CEO is likely to get a grilling when he appears before the US Senate.With another US electric vehicle start-up filing for bankruptcy, what does it mean for the industry? Meanwhile, how can a new AI tool help fruit growers improve their profits by predicting their harvest?The latest business and finance news from around the world, on the BBC.
The economist Thomas Piketty – author of international bestseller Capital in the Twenty-First Century – joins Roger Hearing to discuss the upcoming French elections, as fears of a far right election win make markets nervous.
We also take a look at the world’s second largest economy, China. Its premier Li Qiang is on a visit to Australia to try to repair a fractured relationship that has caused major problems for trade. Meanwhile China seems poised to impose tariffs on EU pork - is this just retaliation for tariffs on Chinese electric cars?
The economist Thomas Piketty – author of international bestseller Capital in the Twenty-First Century – joins Roger Hearing to discuss the upcoming French elections, as fears of a far right election win make markets nervous.We also take a look at the world’s second largest economy, China. Its premier Li Qiang is on a visit to Australia to try to repair a fractured relationship that has caused major problems for trade. Meanwhile China seems poised to impose tariffs on EU pork - is this just retaliation for tariffs on Chinese electric cars?
In their closing statement - G7 leaders have issued their starkest warning yet to China over its support for Russia, attacking Beijing for “enabling” Russia’s war in Ukraine, and threatened more sanctions if Beijing keeps transferring material used by Moscow’s defence industry.
Smartphones outnumber people now, according to the World Economic Forum. We talk with 'The Phone Lady' who's business aims to help people overcome their phone phobia.
Our Europe Correspondent Nick Beake reports from Munich after hosts Germany have won their opening game of the 2024 European Football Championships, with a huge 5-1 win over Scotland.
We also discuss America's third largest bank - Wells Fargo - after they fired more than a dozen employees following allegations that some were faking keyboard activity to fool the firm into thinking they were working.
In their closing statement - G7 leaders have issued their starkest warning yet to China over its support for Russia, attacking Beijing for “enabling” Russia’s war in Ukraine, and threatened more sanctions if Beijing keeps transferring material used by Moscow’s defence industry.Smartphones outnumber people now, according to the World Economic Forum. We talk with 'The Phone Lady' who's business aims to help people overcome their phone phobia.Our Europe Correspondent Nick Beake reports from Munich after hosts Germany have won their opening game of the 2024 European Football Championships, with a huge 5-1 win over Scotland.We also discuss America's third largest bank - Wells Fargo - after they fired more than a dozen employees following allegations that some were faking keyboard activity to fool the firm into thinking they were working.
South Africa's newly formed national unity government need to get the economy growing again. We hear from entrepreneur and outspoken critic of the ANC Rob Hersov on what can be done.Meta has halted its AI models in Europe after the Irish privacy regulator told it to delay its plan to harness data from Facebook and Instagram users. We look at what happened and why. Also, Devina Gupta turns to Venezuela where Presidential elections are set for July 28. Edmundo Gonzalez, a little-known former diplomat has been chosen by various parties to be their candidate after the most prominent opposition leader had been barred from running.
South Africa's main opposition party, the Democratic Alliance (DA), says it has agreed a deal with the governing African National Congress (ANC) to form a government of national unity. How will it change the economy? Also, in the programme, Rahul Tandon finds out why Japan is become very popular tourism destination and how it affecting local businesses.
The U.S. Supreme Court has backed Starbucks challenge to a judicial order to rehire seven Memphis employees. They were fired as
they sought to form a union. Presenter Devina Gupta examines the implications of the verdict. Disney and Governor Ron DeSantis of Florida agree to end a feud over $17 billion in planned development at Walt Disney World. Disney say the deal will fuel new investment. New York has passed a pair of proposed laws that aim to make social media less harmful to children. We hear what the legislation might mean if it is signed off by the State governor.
The G7 is a group of the world's most powerful and economically advanced democracies, and G7 leaders have now arrived for a summit in Italy. Top of the agenda is a plan to use fifty billion dollars in interest from frozen Russian assets as a loan for Ukraine.And Russia penalised by new Western sanctions - this time aimed at the Moscow stock exchange. But will any of it really hurt the Russian economy?Roger Hearing also finds out why Spanish restaurant workers under pressure because everybody eats so late.
The U.S. economy is not out of the woods yet with inflation forecasted to rise and interest rates holding. Sam Fenwick speaks to local business owners in Texas about the knock on affect it’s having on their business.Over to China now and shares in several Chinese electric car companies have taken a hit after the European Union imposed new tariffs. So how might China react?And the US Senate investigates whether BMW has been using parts made by forced labour. The U.S. Senate Finance Committee has found evidence the German carmaker imported at least 8,000 Mini Coopers into the United States, which contained parts from the Chinese supplier. We speak to Committee Chairman, Ron Wyden, about what prompted the investigation.
The EU invented new import tariffs - up to 38% on Chinese electric vehicles triggering a potential trade war with China. With Chinese car makers having plenty of surplus capacity and moving into international markets, the EU lawmakers fear their own companies will be unable to compete. They claim hefty subsidies for domestic production allow Chinese firms to keep prices at a level other firms will struggle to match.Also, in the programme, Will Bain talks about Ukrainian reconstruction conference in Berlin.
German Chancellor Olaf Scholz has opened the latest international donors’ meeting to help rebuild Ukraine. During the conference, Ukrainian allies promised to support the protection of its cities from Russian missiles, while Mr. Scholz urged international businesses to put their faith and money into post-war reconstruction.The Mexican peso takes another tumble. It's fallen nearly 10 percent in a week. Sam Fenwick talks to one of the country's former deputy finance ministers about what's scaring investors. And finally, the attention turns to the rebuilding of Baltimore bridge. Is it time to future proof bridge constructions following the aftermath of its collapse?
From Apple iPhone’s to Call of Duty 6 we have blockbuster names from the world of tech for you today - including a controversial plan to sell the new video game via a subscription model. How will that work?
Also today, we hear from a former Indian finance minister about the challenges facing the new one as Prime Minister Narendra Modi starts a third term in office.
And we consider BP's plan to make all its employees come clean about their workplace love affairs.
European stocks fell on Monday as traders reacted to initial results from the EU Parliament elections and the surprise call for parliamentary elections by French President Emmanuel Macron. Rahul Tandon finds how an early EU election results indicate that populist, far-right parties could have a bigger hand in European policymaking and affecting economy. Also, in the programme, we are talking about Japanese carmakers crisis and finds out why India is returning to a coalition government.
Union workers at Samsung Electronics are holding the first ever strike in the company's five decade history. We find out why, and what impact it could have on. Elsewhere, Rob Young looks at oil giant Aramco's secondary listing, which was priced below expectations. And finally, we look at the multi billion-dollar drug industry focused on weight loss
The European Central Bank has announced a cut in its main interest rate from an all-time high of 4% to 3.75%.
A Norwegian mining group has confirmed that it's discovered the largest deposit of rare earth minerals in Europe.
And Virgin Australia plans to break new ground by allowing dogs and cats to fly in the main cabin on flights. The BBC’s Phil Mercer tells us more
Photo by FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock. European Central Bank (ECB) President Christine Lagarde addresses a press conference
The European Central Bank has cut interest rates for the first time in five years, but what does it mean for the Eurozone?
We hear about the fall of one of India's biggest start-ups, and the BBC's Devina Gupta also looks at the story of online education company, Byjus, as its US lenders kick off bankruptcy proceedings.
The latest business and finance news from around the world, on the BBC.
UN Secretary General Antonio Guterres called coal, oil and gas corporations the “godfathers of climate chaos” who had distorted the truth and deceived the public for decades. He said that just as tobacco advertising was banned because of the threat to health, the same should now apply to fossil fuels.
Also in the programme, Rahul Tandon talks about Canada's interest rate cuts and finds out why a Hollywood film studio is refusing to release a film.
UN Secretary General Antonio Guterres called coal, oil and gas corporations the “godfathers of climate chaos” who had distorted the truth and deceived the public for decades. He said that just as tobacco advertising was banned because of the threat to health, the same should now apply to fossil fuels. Also in the programme, Rahul Tandon talks about Canada's interest rate cuts and finds out why a Hollywood film studio is refusing to release a film.
Modi-led alliance claims victory in India’s general election despite having many critics of high unemployment figures and slow economic growth there. What look at what this means for the Indian economy.
We hear from local reporters, economists and business owners in India.
Modi-led alliance claims victory in India’s general election despite having many critics of high unemployment figures and slow economic growth there. What look at what this means for the Indian economy. We hear from local reporters, economists and business owners in India.
On World Business Report Will Bain hears from one of the main unions leading today's action on why they have called for an indefinite strike.
Plus, in an exclusive interview with the BBC, the head of the World Bank tells us that developing nations cannot bank on the deep pockets of wealthier Western Nations
Also find out why Mexico's currency is slipping on a landslide win for a Presidential candidate promising more of the same
And Shein has changed fast fashion and become a favourite with shoppers all round the world - so why is where it sells its shares proving so controversial?
On World Business Report Will Bain hears from one of the main unions leading today's action on why they have called for an indefinite strike.Plus, in an exclusive interview with the BBC, the head of the World Bank tells us that developing nations cannot bank on the deep pockets of wealthier Western NationsAlso find out why Mexico's currency is slipping on a landslide win for a Presidential candidate promising more of the same And Shein has changed fast fashion and become a favourite with shoppers all round the world - so why is where it sells its shares proving so controversial?
Major Republican donors have backed Donald Trump despite his conviction in a hush money case. Presenter Devina Gupta examines why there is still huge financial backing for the former President.
Voters go to the polls in Mexico. The country’s new President is the be the first ever woman to lead the nation. We look at the economy she inherits, and what are her economic priorities likely to be.
The owner of the hit online game Wordle is legally challenging a geography-based spinoff called Worldle.
The New York Times, purchased Wordle for a seven figure sum in 2022. It accuses Worldle of attempting to capitalise on "the enormous goodwill” associated with its own brand.
Major Republican donors have backed Donald Trump despite his conviction in a hush money case. Presenter Devina Gupta examines why there is still huge financial backing for the former President.Voters go to the polls in Mexico. The country’s new President is the be the first ever woman to lead the nation. We look at the economy she inherits, and what are her economic priorities likely to be.The owner of the hit online game Wordle is legally challenging a geography-based spinoff called Worldle.The New York Times, purchased Wordle for a seven figure sum in 2022. It accuses Worldle of attempting to capitalise on "the enormous goodwill” associated with its own brand.
The South African election is moving ever closer to a result, and it looks like the ANC will have to start talking to potential coalition partners. What could that mean for the economy there? Plus, we're getting reports of another major cyber-attack, this time affecting a major bank. And how does it feel when your niche web project becomes the focus of a trademark claim from a very large company with a very large legal budget?
Donald Trump becomes the first former or sitting US president to be convicted of a crime. Presenter Devina Gupta examines what this will mean for his bid to become President again.Plus, extreme heat is causing chaos in South Asia. What does this mean for businesses and workers in Pakistan and India?(Picture: Donald Trump Credit: Eduardo Muñoz/Reuters)
There's confusion today surrounding a claim by a notorious hacking group that they have accessed personal details of more than half-a-billion people who use the US website Ticketmaster – but is it true?
Two months after the collapse of the Francis Scott Key Bridge cut off the port of Baltimore, transportation businesses are counting the days until it can reopen.
Plus David Harper finds out how Thailand is trying to encourage Digital Nomads to travel there to work.
Finally, we explore whether having a famous resident can be a blessing or a curse for your town?
Provisional reports say that Temperatures have reached fifty-two degrees centigrade in the Indian capital, Delhi, as an intense heatwave sweeps across the north and west of the country. Rahul Tandon looks at how it’s affecting the lives of people there - and the economy.
The price of heavily subsidised bread in Egypt is to quadruple from June. The BBC’s Sally Nibil explains just how significant the news is and why the subsidy is such an important source of government support for the less well off.
Unionised workers of Samsung Electronics in Seoul are to strike next week in what will be the first-ever strike in the tech giant’s five decades of history - we look at the reason why.
Record breaking heat in northern India as temperatures hit 52 degrees.
It's election day in South Africa and it's a crucial vote because the ANC could lose its majority for the first time since 1994 so could this call have a lot to do with the country's economy?
Find out why Union workers at Samsung Electronics say they're going to hold the first ever strike since the company was founded over five decades ago...
And one billionaire is making waves as he plans to travel down to the Titanic wreck in a submersible. Yes, we've got questions too…
We speak to the founder of Argentina's top start-up about the country's tech scene as its president, Javier Milei, meets with the CEOs of Google, OpenAI, Meta and Apple.
Elsewhere, Rahul Tandon looks into what the latest disruption in the Red Sea means, and he looks ahead to the South African elections.
In Sri Lanka, tea pickers have received a pay rise mandated by the Government, and, a BBC investigation reveals child labour in beauty industry supply chain.
Also, Sam Fenwick discovers whether new EU border controls will improve security, or lead to travel chaos?
Plus, a discussion on the challenges of running a small business in South Africa – is it worth the investment?
South Africa's economy is under the spotlight, ahead of the elections there this week. The vote could see the ruling party ANC win less than 50% for the first time in its history. Elsewhere, Rahul Tandon looks at the AI battle heating up, with Elon Musk's new company raising $6 billion. And he goes inside the disruption facing business in Iceland, amid rising volcanic activity.
Africa's wrestling with a $1.2tn debt, while global interest rates are at a 40-year high. This week’s African Development Bank summit is focusing on this debt crisis. What solutions are on the horizon, and how are businesses coping?
Elsewhere, Sam Fenwick is looking at the global cost of shipping containers. They are on the rise again this month causing European retailers to order now to make sure stuff arrives in time for Christmas.
The latest business and finance news from around the world, on the BBC.
Eli Lilly announced investing another $5.3 billion in a manufacturing plant in Lebanon, Indiana. It will help company to expand the supply of its highly popular weight loss drug Zepbound, diabetes treatment Mounjaro and other medicines in its pipeline. How will it affect the local economy?
Devina Gupta finds out why electricity prices are gone up in Texas and how the National Collegiate Athletic Association (NCAA), which governs university sports in the US, has reached a deal that could lead to college athletes getting paid.
We take a look at the Ukrainian economy as G7 leaders meet to discuss how to finance the recovery of the war-torn nation. Elsewhere, Rahul Tandon explores the key issues at stake ahead of South Africa's election next week, and looks at the new deal that could lead to U.S college athletes finally getting paid.
US regulators have sued Live Nation, accusing the entertainment giant of using illegal tactics to maintain a monopoly over the live music industry. The lawsuit from the Department of Justice said the firm's practices had kept out competitors, and led to higher ticket prices and worse service for customers.
Also, Devina Gupta finds out how Russian president Vladimir Putin could use US property in the country to compensate for frozen Russian assets. And why one of Australia’s biggest banks, the Commonwealth, is predicting the country will become cashless by 2026.
Germany's post-Covid recovery has not gone as planned, according to a damning new report by the country's commerce chamber.
Elsewhere, Roger Hearing looks at news reports that the US is planning to sue Ticketmaster-owner Live Nation over anti-competitive practices. And we look inside the first state visit by an African leader to the US in over 15 years.
UK's Prime Minister Rishi Sunak has defended his political and economic record in the wake of some relatively positive inflation numbers. So, is this the right moment for a General Election?
Find out how Brazil's farmers are adapting to climate change. While Ugandan farmers are adapting to elephants trespassing from South Sudan.
UK inflation hit its lowest in 3 years, but was still hotter than analysts expected. In this special episode, we record live from a Manchester food hall to talk to businesses and their customers about the price changes they're seeing.they're seeing.
We also speak to experts about what this means for central bank rate cuts, and how the UK is faring compared to major global economies.
As EU countries adopt a plan to use profits from frozen Russian assets for Ukraine defences and rebuilding, Ed Butler, looks at how the scheme might work and whether the idea risks undermining the rule of law.Hollywood actress Scarlett Johansson is taking legal advice after a new version of the AI bot, Chat GPT, was released with a voice she claims is eerily similar to her own - how can AI seek to develop while staying on the right right side of copyright laws?And, Red Lobster, was once one of the world's largest seafood chains but as it files for Chapter 11 bankruptcy, how did the once successful seafood franchise end up in such deep water?
European Union’s landmark rules on artificial intelligence will enter into force next month
The AI Act imposes strict transparency obligations on high-risk AI systems while such requirements for general-purpose AI models will be lighter.
growing speculation over who will eventually replace President Raisi begins as Iran enters 5 days of mourning.
Plus, could Saudi Arabia’s largest aviation deal signal a snub to Boeing?
Also, the ship that destroyed the bridge in Baltimore back in March is finally on the move.
And we have a special look at the economies of Latin America with our reporter Gideon Long.
Taiwan's newly inaugurated president William Lai has called on China to stop threatening the island and accept the existence of its democracy.
But Taiwan’s relationship with China is not the only thing that William Lai has to tackle. there are a number of economic challenges ahead of him like rising property prices and encouraging young Taiwanese people to stay and work in the country instead of heading to other prosperous Asian cities.
Shareholders of plane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun - the highest ever agreed by the company - at its AGM on Friday. Mr Calhoun was also re-elected to stay on the troubled company’s board.
Cubans are enduring some of their bleakest economic times since the Cold War – amid worsening inflation, a scarcity of basic goods and a decades-long US economic embargo. The BBC’s Correspondent, Will Grant, looks at how the situation has impacted on one of Cuba’s most quintessential industries – sugar – to see how tough the situation has become.
Shareholders of plane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun - the highest ever agreed by the company - at its AGM on Friday. Mr Calhoun was also re-elected to stay on the troubled company’s board.Cubans are enduring some of their bleakest economic times since the Cold War – amid worsening inflation, a scarcity of basic goods and a decades-long US economic embargo. The BBC’s Correspondent, Will Grant, looks at how the situation has impacted on one of Cuba’s most quintessential industries – sugar – to see how tough the situation has become.
China's real estate industry is facing major financial problems, leaving many empty or half-finished unused buildings. One of China’s largest real-estate companies, Country Garden of the verge of liquidation. Also, Roger Hearing finds out what's happening with businesses in New Caledonia. And we hear how the economic growth in India affecting people's life.
Two months after a container ship crash saw the collapse of a road bridge in Baltimore, killing six workers, Rahul Tandon speaks to the Executive Director of the Baltimore International Seafarers’ Centre about why staff on the ship are still stuck aboard.As the Dow Jones hits a record high we look at how a strong stock market is helping some to retire earlier than expected and on the day that Singapore Airlines announces staff bonuses worth nearly eight months' salary we look at how they came to receive such a generous payout.
What’s the importance of the Russian President Vladmir Putin’s visit to China? Rahul Tandon explores the possible economic benefits to both countries.
We hear how Russia is still managing to export oil via other countries around the world, and in effect making the sanctions ineffective.
The Ambassador-at-Large with Singapore's Ministry of Foreign Affairs, Chan Hen Chee, talks to us about the country’s future direction after its long serving Prime Minister steps down.
In a BBC exclusive, Latvia's central bank governor, Mārtiņš Kazāks, highlights how the interest from frozen Russian assets could help finance Ukraine’s army. EU ambassadors have already agreed this in principle.
Also, Will Bain finds out why foreign investors in Georgia might reconsider their future after a controversial funding law was passed in the country. And we hear from an autoworker in Alabama as workers vote on unionisation.
Presenter Sam Fenwick assesses the impact of US tariffs on Chinese goods. Joe Biden is putting them on imports, including electric cars and semiconductors.
We hear from the business community in Georgia worried a new law will put off foreign trade. It requires organisations which receive more than 20 per cent of funding from abroad to declare themselves as illegal.
We examine sports betting in the US. States have been after states were allowed to legalise the industry. Betting on sports is part of the sports fan experience in many countries around the world but it's a relatively new thing in the US.
The White House has confirmed the United States is putting tariffs on 18 billion dollars worth of imports from China. They'll target sectors like electric vehicles, batteries, steel and critical minerals. The US government accusing China of "unfair trade practices".
Also, in the programme, we find out why one of the largest mining companies decided to focus the business on copper instead of diamonds. And we will look at Rhodes where the economy is still recovering after wildfires.
Flooding in Brazil continues, bringing despair to residents and businesses alike. Can emergency government funds offer hope of rebuilding? Meanwhile, Sam Fenwick looks at what's expected in the Australian budget, and what Melinda Gates' departure from her namesake foundation means to the world of philanthropy
Hundreds of Georgians joined protest against a foreign influence bill, described by critics as the "Russia law". People are concerned that the new law could be used by the government to clamp down on opponents, and could harm Georgia's hopes of joining the European Union.
Also, Will Bain finds out why Russia's new Defence Minister is an economist and he hears about the project helping people escape extreme poverty by equipping them to start small businesses in Uganda.
The UK has emerged from recession – but can it hold its ground? And how does it compare to the rest of the world?
Elsewhere, Emily Thomas digs into the agricultural impact of the floods in Brazil, and looks back at Chinese president Xi Jinping's visit to Europe.
The tech giant Apple has faced an online backlash in response to an advert featuring books and musical instrument being crushed, to demonstrate how their creativity has been compressed into the latest iPad.
Also, with music catalogue company Hipgnosis facing a takeover, is it worth a price tag of $1.6 billion?
And we hear from one of the Eurovision song contest’s most successful songwriters.
Almost three-thousand cabin crew members in India have taken part in a mass sick leave in protest for better working conditions. Air India have cancelled 85 flights while travel disruption continues for hundreds of passengers.
Also, on the show – find out why Korean women are reluctant to have children.
Plus, you can hear how Euro Vision song writers are earning a living for the annual singing competition.
A former employee of Boeing's biggest supplier has claimed that sections of 737 Max aircraft regularly left its factory with serious defects.
Spirit Aerosystems builds fuselages for the 737 Max, which are then shipped to Boeing’s own plant for final assembly.
Speaking publicly for the first time, former quality inspector Santiago Peredes told the BBC that some managers actively tried to discourage him from flagging up flaws in half-finished planes.
Also, Rahul Tandon, finds out why there are a lot of concerns about whether the plan to use Russian assets for weapons is legal and why not everyone was keen to see the Chinese leader Xi Jinping in Hungary.
We speak to the head of Sweden’s central bank, after it voted to cut interest rates; making it one of the first to do so in the region. The bank moved ahead of the U.S Federal Reserve for the first time this century.
Elsewhere, Ed Butler looks at why Ghana could face issues with the World Bank over its LGBT policies, and why the rising prices of doner kebabs in Germany is becoming a political issue.
TikTok has filed a lawsuit aiming to block a US law that would ban in the video app in the country unless it is sold by its Chinese parent company.
In the filing, the social media company called the act an "extraordinary intrusion on free speech rights" of the company and its 170 million American users.
Also, Rahul Tandon, looks at the Disney financial results and finds out what can you buy with Argentina's new 10 000 pesos banknote.
Saudi’s state-oil company Aramco saw profits drop this week, but its payout to the government will still reach an eye-watering $31 billion. We see if the Saudi economy can cope with all its expensive mega projects.
Also, Ed Butler explores the latest issues at Boeing, and finds out why India is becoming a hot new destination for big concerts.
On his first visit to Europe since 2019, president Xi Jinping has been talking about trade ties. The West is worried about cheap Chinese imports of electric cars.
Also, Rahul Tandon finds out why global petrol demand growth could halve in 2024 and what impact the shutdown in Israel would have on Al Jazeera's business operations.
Chinese leader Xi Jinping chooses France for his first visit to the continent after a five-year absence. We get the latest.Kosovo is home to Europe’s largest zinc, lead and silver mine. We visit it to know a bit more about central Europe’s smallest economy per capita.And we hear about a new form of ghost flights and the fine that the Australian airline Qantas has just received for using them.
The Israeli Foreign Ministry is to reduce Turkish imports both to Israel and to the occupied Palestinian territories. It’s also appealing for sanctions against Turkey for violating existing trade agreements.
Also, in the programme, we look at Brazil’s plans to propose a global annual tax for billionaires at the G20 in July
Last month, Ankara introduced partial restrictions citing being refused permission to drop aid into Gaza. Their response was to introduce restrictions on trade. Now, it appears that all imports and exports from Israel have been blocked. The country’s Foreign Minister, Israel Katz said this was "how a dictator behaves" "and they will lose."
Also, in the programme, we look at Pandemic-era fitness darling Peloton is showing more signs of trouble, as the CEO steps down and announcing staff redundancies.
The Co-op Live Arena is Europe's biggest, with a capacity of 23,500. But fans have reacted with shock and confusion after it called off its opening concert at the last minute. We're outside the venue - and will ask what it means for the Co-op - which has bought the naming rights for the venue - but doesn't run it.
Maersk, the world's second largest shipping company - says the Red Sea route might not be open for the rest of the year. Rahul Tandon asks what that means for the world's supply chain.
Plus we hear from Japan as it continues to tackle a demographic issue - amid criticism from US President Joe Biden.
The US Federal Reserve says it needs greater confidence that inflation is easing before cutting interest rates. We get the latest from our correspondent in New York.The housing market is one of the industries most impacted by the higher cost of borrowing. We hear from buyers and sellers. And we have an exclusive interview with Pakistan's Finance Minister, Muhammad Aurangzeb, about the conditions the country has to meet after taking a loan from the International Monetary Fund.
Pakistan’s Finance Minister Muhammad Aurangzeb exclusively speaks to World Business Report about the latest and 24th International Monetary Fund bailout for the country - and says it should be its last.
In this extended podcast version of the interview with Mr. Aurangzeb, he talks to Will Bain about the steps he thinks are necessary for Pakistan to achieve economic stability.
The country's Prime Minister Shehbaz Sharif has previously said the disbursement of $1.1 billion by the IMF will help the country achieve that, amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan's $3 billion standby arrangement with the IMF which it secured last summer to help avert a sovereign default.
Also, in the programme, we look at how the risk of flooding or landslides are affecting people living in Kenya.
Changpeng Zhao, the founder of the giant crypto exchange, Binance, will spend 4 months in a US prison. He had pled guilty to charges of enabling money laundering at the exchange. Ed Butler asks what it means for crypto.
Meanwhile, in Argentina, a series of key reforms were passed which could spell privatization of a dozen companies. We speak to a former presidential candidate who says the reforms will spell trouble.
Finally, Beijing, Brussels and Washington are preparing for a major showdown over electric cars.
Zimbabwe introduces a new currency, the ZiG, to tackle its high inflation.
The Argentinian parliament has approved sweeping austerity measures which has triggered mass protests. We also hear from Ecuador, a country which in the late 90s successfully dealt with high inflation.
And we hear from Bumble CEO Lidiane Jones on women in tech and the path to success.
Energy ministers from the Group of Seven (G7) major democracies have agreed to phase out the use of coal power by 2035, putting a critical timeline on the plans first announced last year in Dubai. Also in the programme, Ed Butler looks at the new spending cap set to apply to football teams in the English Premiere League. And, we hear about the retreat of the grocery courier firm Getir from Europe and the U.S, and the future of the sector.
America's top diplomat and the Chinese president have held talks in Beijing as both sides seek to stabilise relations. US Secretary of State Antony Blinken has warned that Washington will act if China does not stop supplying Russia with items used in its assault on Ukraine.
Also, in the programme, Roger Hearing finds out how Egypt authorities dealing with the inflation and who created World biggest 3D printer.
Could the US Secretary’s visit to Beijing further improve the US-China relationship that still crackles with tension and suspicion? Devina Gupta speaks to Prof Henry Gao, an expert in global trade at Singapore Management University.
Over to Haiti and it is day one of the new interim government there which is trying to crackdown on gang violence we speak to the boss one of the main telecom companies - about what it is like to do business in this chaos and his hopes for stability.
Messaging app WhatsApp says it will leave India if it is forced to break its end-to-end encryption, that is mandated by India's 2021 Information Technology Rules.
Finally – what does it mean for a female flight attendant to get a CEO position for an Asian airline company? We find out how this story made headlines in Japan.
The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut.
Official figures revealed the economy expanded at an annualised rate of 1.6%, far below expectations and the growth seen in the final months of 2023.
Meanwhile, inflation, which measures the pace of price rises, has increased.
Day trippers will have to pay €5 to visit the famous Italian city. The local government wants to discourage low-budget tourists who don't stay overnight in Venice. We get the latest. Mining giant BHP has proposed a buyout of Anglo American. The $39bn deal would forge the world's biggest copper miner in times when the price for this mineral is soaring. We look into the details. And we hear about the challenges US businesses operating in China are facing.
The US Secretary of State Antony Blinken travels to Beijing in an attempt to curb support for Russia's invasion of Ukraine. We look into the details. Boeing reports results after a difficult quarter, and what happens to movies once they have been taken down from streaming platforms? We find out.
The British government wants to deter migrants from crossing the English Channel illegally on small boats. We get the latest. Greece has come a long way from the sovereign debt crisis it fell into in 2009. But challenges still remain, we hear about them. And we take a look at Elon Musk's latest row, this time, with Australia's Prime Minister, Anthony Albanese.
Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales.
The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.
Also, Vishala Sri-Pathma finds out of why government military spending increased in all five geographical regions and why Northern Ireland and its economy are betting big on film, TV and gaming.
US lawmakers could vote on a bill that corners the app's owner ByteDance with a stark choice: to sell or be banned. Also in the programme, the French government addresses shrinkflation concerns with a new rule that will require stores to tell customers when a product becomes smaller but its price stays the same or increases. And we look into why sales of wine have dropped in China.
After months of delay, the US House of Representatives appears poised to hold a vote this weekend on tens of billions of dollars worth of American military aid for Ukraine and Israel. The Republicans in Congress have been holding out on this issue for many months - tying it to immigration reform - but now House leader Mike Johnson says he's determined to bring the matter to a vote.
Also, Ed Butler finds out why the number of bitcoin being produced will halve and what is happening in India as its general election begins.
The tech giant terminates 28 staff who protested against a contract signed with the government of Israel. We get the latest. India's Bombay Stock Exchange warns investors against a deepfake video of its chief executive officer. We find out why. And we take a look at what is happening inside the board of LVMH now that the chairman and CEO, Bernard Arnault, has integrated two more of his children.
The UN has estimated the global Cost of Corruption at some 5% of the world's Gross Domestic Product.
Today our sister programme Business Daily has been looking at this - specifically through the lens of shipping, and the demands of routine bribery facing sea-farers. Many of the goods we buy and consume have at some stage reached us by cargo ship... But for the seafarers who make that happen, it’s not always an easy process. Ruth Alexander of Business Daily and The Food Chain tells more about this.
Also, we hear from a very upset passenger, who's been trying to fly away from the destroyed by floods airport in Dubai. And we find out why a coalition of Nestlé shareholders is demanding to increase healthy food sales.
A Boeing engineer has told US lawmakers that he was harassed and threatened after he raised concerns about the safety of the company's planes. We hear from engineers and their claims.
President Biden is set to call for a tripling of US tariffs on steel and aluminium. His demand for tariff hikes comes as he tackles fraught relations with China.
Should players be excluded from betting on a game? The jury’s out for one NBA player who was given a lifetime ban by the NBA for breaching gambling rules.
worrying reports for Donald Trump's campaign of what may be an impending cash shortfall. The Financial Times has calculated that he's raised $75mn less for his presidential bid than Joe Biden in recent months, and has 270,000 fewer unique donors than he had at the same stage of his White House run four years ago.
So what difference does money make when it comes to winning US elections?
Also, Ed Butler finds out why German sportswear giant Adidas hits huge profits from sales its Yeezy collection and what will be the cost of reconstruction of the Copenhagen's 17th-century old Stock Exchange.
Economic growth in the US will be stronger than expected – but what does this mean for small businesses? We hear from an American business owner about the impact of an economic boom coinciding with inflation.
Also, a UK legislation to ban cigarette sales leads to questions being raised on how tax duty for those specific sales will be recovered.
Plus, is the return of investment worth much for countries hosting global events? It has been estimated that in preparation for the Olympic games France has spent 9 billion euros and forcing additional contributions from the government – but does the investment reap the rewards?
The global economy is set to grow 3.2% this year, slightly more than previously expected, according to the International Monetary Fund. It’s optimistic assessment in today's keenly awaited Global Growth forecast, suggests the world is heading for a soft landing rather than a crash over the next few months. Ed Butler talks to a former deputy director of the IMF.
He also finds out what matters to young Indian voters as the country’s election gets closer, and talks to a Kenyan doctor about why he’s been joining the strikes for a month.
Redundancies are expected after Tesla announces it will lay off more than 10% of its global vehicle workforce.
Also how has a rise in consumer spend affected America’s economy which is grappling with inflation?
Plus, the truth behind truth social continues as we look how Trump Media shares have been falling.
And finally, is America’s immigration system broken? Our reporter Erin Delmore has been looking at the political and bureaucratic issues adding to America's labour shortage.
Israel's economy is struggling in the wake of conflict with Hamas in Gaza. We hear from a start-up in the EV sector how tensions between Iran and Israel will affect businesses.
Also, presenter Will Bain, looks at why Tesla is set to lay off more than 10% of its global electric vehicle workforce. And how Japan’s biggest brewer Asahi plans to expand its production of zero and low-alcohol drinks.
On today’s program we find out why Ukraine is suffering its worst power crisis since Russia launched its invasion. Also, find out why South America’s largest economy is grappling with high inflation. Plus, activists have begun a hunger strike on the island of Tenerife, in protest at what they see as the destructive growth of tourism on the Canary Islands.And finally, find out how an American Farm Grows $1,700-Per-Pound White Truffles…
Moderna has halted plans to build a Covid-19 plant in Kenya alleging the demand after the pandemic has fallen dramatically. Rahul Tandon explores the different challenges that keep Africa missing out on investments to develop vaccines and the consequence this has on the population. And shareholders of United States Steel will vote on a planned takeover of the company by a Japanese firm. We hear why not everyone's happy with the deal.
As the European Central Bank holds interest rates steady at a record high of 4%, Vivienne Nunis asks whether the EU is ahead of the US in the race to reduce interest rates.
We examine the economic relationship between Japan and the United States - as the Japanese prime minister Fumio Kishida addresses the US Congress.
Plus in another Japan-US relationship issue, we talk about Shohei Ohtani, a baseball, a home run, and a woman who feels she's lost out on $100,000 as a result.
Property tycoon Truong My Lan has been found guilty of embezzling from one of the country's largest banks for 11 years, and given a rare death sentence. We get the latest from our correspondent. And as the political crisis deepens in Myanmar, we hear the latest report from the United Nations which says the middle classes in the nation are at risk of being wiped out.
Consumer prices in the US rose faster than expected last month. The CPI measure of inflation rose 3.5% over the 12 months to March, up from 3.2% in February, the US Labor Department said.
How will the new law restricting abortion in Arizona affect the state’s clinics?
Plus UK Paralympic legend Baroness Tanni-Grey Thompson tells us what she makes of the news that athletes will soon be paid for winning an Olympic gold medal.
Commodities - the raw materials that power business around the globe - are surging in price. And that suggests investors betting on a prolonged expansion—and a potential rebound in inflation. The S&P GSCI, which tracks commodity prices has advanced 12% this year. Copper and oil have gained more than 10% and 17%, respectively. Gold is also posting fresh records, rising 13% to $2,332 a troy ounce. So what's going on?
Also, in the programme, the presenter Roger Hearing finds out why some politicians have pushed back against New York City’s congestion charging plan.
As the impact of climate change expands across the world, a top European court issues the first ruling against a country for climate inaction. We get the latest from our correspondent. And we go to Spain to hear why the government is scrapping its golden visa scheme.
The world's largest chip maker, TSMC - The Taiwan Semiconductor Manufacturing Company, has announced it will take advantage of generous US subsidies to build cutting-edge tech in Arizona. The Biden administration has committed more than six billion dollars in subsidies and five billion in possible loans to support the plan.
Also, in the programme, the presenter Sam Fenwick finds out what it's like to experiencing complete darkness a rare total solar eclipse.
As U.S Treasury Secretary, Janet Yellen, wraps up her four-day visit to Beijing, Rahul Tandon looks at what the trip could mean for future relations between the U.S and China.
Tens of thousands of people in the gaming industry sector have lost their jobs in the last few months. Reporter Izzy Greenfield explains what’s going on.
And as North America waits to watch a total solar eclipse we hear from the business community in Rochester, New York, how the event has delivered a ‘tourism boom’ for the local economy.
A rare earthquake that struck New York City has swayed landmarks and cracked roads. Roger Hearing has been speaking to a stockbroker who describes the moment of impact. We also hear from the co-director of the Global Resilience Institute Dr Daniel Aldrich about whether New York is prepared to withstand a quake of a larger magnitude.
Also on the program discover why emerging economies joining US and Europe in shielding domestic manufacturers from a rising tide of Chinese imports.
And finally we find out why there’s been a sharp rise in the sale of horror novels around the world.
McDonald's has announced its buying restaurants back, and bringing them in house - after the former franchise owner gave free meals to Israeli soldiers.
That decision sparked a McDonald's boycott in many other countries across the world.
We find out what happens when global brands and global politics collide.
US Treasury Secretary Janet Yellen stresses the importance of maintaining trade relationships and dialogue between the nations, as she spoke to reporters in the southern Chinese city of Guangzhou. China accuses the West of feeling threatened by their cheaper exports to developing economies, but Yellen stands by her assessment that China is saturating the markets, driving down competitors.
Also, in the programme, we will talk about Google and how its search engine is powered by artificial intelligence.....
We look at what the effects of chip suspension mean for Asia's semiconductor supply chain. Plus, Roger Hearing speaks to the executive vice president of Taiwan Residential Earthquake Insurance Fund to highlight the estimated cost of damage so far.
Also, Zimbabwean president declares state of disaster due to drought
And finally, Disney secures its happy ever ending after convincing shareholders they’re heading in the right direction
The devastating earthquake with a 7.2 magnitude has killed at least nine people and damaged buildings, sparking evacuations at microchip plants. The country is a huge player in the world of microchips - with many large factories supplying the likes of tech giant Apple and AI supremo Nvidia. Those factories however have had to shut their doors temporarily over fears of the aftermath of this devastating earthquake, which has meant a halt in production.
Also, in the programme, we will talk about rising cocoa price and how will it affect farmers.
A World Bank and UN joint report estimates costs to rebuild Gaza’s critical infrastructure to be $18.5 billion dollars – we discuss how it could be funded.Plus have drivers fallen out of love with electric cars? Tesla and BYD report sale losses.We also look at why hybrid work is becoming a popular choice for employees and Disney faces a showdown over its future against billionaire Nelson Peltz.
There was good news yesterday about Chinese manufacturing going up, but less good news toay for Beijing about its beleaguered property sector: the property development giant, Country Garden, has suspended trading of its shares in Hong Kong after delaying publication of its annual results. The firm said last week it needed more time to collect information as it restructures its debts. It defaulted on its overseas debt last year. Also, in the programme, the presenter Roger Hearing will talk about UK and US AI agreement and will find out why South Asia is producing not enough jobs for young professionals.
A transportation business in Baltimore tells us about how they may have to take a hit to sustain their business as the Baltimore bridge is repaired.
Also, the truth behind ‘Truth Social’ – we find out how shares in the business have plunged by 23% after reporting less than a million dollars in revenue for the fourth quarter of last year.
Plus, we’ll be looking at how the UK has benefitted from the introduction of a minimum wage, 25 years after it was introduced.
China's factory output has grown for the first time in six months. Roger Hearing finds out more about why that is good news but the picture remains mixed. Turkey's main opposition party has claimed big election victories in the main cities of Istanbul and Ankara. In Japan overtime per week is being limited to around 18 hours per week for drivers of trucks, taxis and buses. And in Germany part decriminalisation of cannabis will be introduced for over 18s. We hear more from our correspondent Jessica Parker in Dresden.
Today we lead with a warning from the head of World Trade Organisation Ngozi Okonja-Iweala about the perils of trade protectionism.
Plus, we find out why social media has dubbed French President Emmanuel Macron’s visit to Brazil as a honeymoon than a diplomatic summit.
Also, we look at how local businesses in Jerusalem have been impacted by a decline in tourism and finally, we learn about the pros and cons of daylight saving, as Europe prepares to put its clocks forwards.
The director of the World Trade Organisation Ngozi Okonjo-Iweala says she is concerned about protectionism, which she doesn't think would work in today's world.
The "arms race" in AI has been mostly a financial one but now it seems there's a race to grab talent too. We discuss this with Humayan Sheikh, one of the major investors in the British AI firm Deep Mind.
And South Africa's Environment Minister Barbara Creecy tells us why one of the best ways to protect her country's wildlife might be to eat more of it.
We find out why the Chinese smartphone maker Xiaomi has launched its first electric vehicle and is now securing orders. Also, France votes on a law to prevent discrimination against your hairstyle at work. Plus, how Padel is becoming the world's fastest-growing sport. And, could a law in Florida stop kids under 13 from accessing social media?
Founder of crypto exchange FTX has been sentenced for stealing billions of dollars from customers. Sam Fenwick talks to experts and a victim about the consequences of this ruling on the cryptocurrency market. We get the latest from our correspondent in New York.
Driven by things like petrol prices, the consumer price index increased by 0.6% last month, the largest gain since June 2022.
However underlying inflation was the smallest in nearly two years, so what could that mean for further interest rate rises by the Federal Reserve?
Roger Hearing finds out how the price rises are affecting businesses and what driving up the price of petrol.
The European Commission has started an investigation to assess whether China is using unfair subsidies to boost the sale of its electric vehicles in Europe. Certain state subsidies are illegal under international trade rules.
The head of BP Bernard Looney has suddenly resigned following allegations over personal relationships with colleagues. We find out what this means for the company going forward.
What happens when the NFL's Most Valuable Player gets injured right at the start of the season. Well it happened to the Jet's very own Aaron Rodgers we take a look at what this means for his club and the future of the games going forward.
And Pickleball is the rage in America this summer. It’s a form of paddle tennis and is taking over space in American cities and taking up increasingly large parts of personal and corporate budgets. We'll hear just how fast the sport is growing.
US prosecutors are taking Google to court over allegations it made deals with smartphone makers to ensure it was the default search engine on billions of devices. The Department of Justice claims the tech giant engaged in illegal practices, which Google denies. The International Atomic Energy Agency (IAEA) is forecasting that demand for oil, natural gas and coal will all peak before 2030. We ask if this is the beginning of the end for the fossil fuel era, what does it mean for the countries that rely on them now? Pickleball has become a popular racket sport in the US this summer, but why is it frowned upon in some quarters? Michelle Fleury reports on the tennis-like craze from New York City.
The two leaders are likely to discuss North Korea supplying weapons in support of Russia’s war in Ukraine. We will hear the latest on the economic friendship between the two countries.
And Thailand's new prime minister has announced a cash handout in a bid to revive the economy. $300 will be distributed to every citizen through a digital wallet. We look at how this tactic will revive the country's economy.
Also, we're about to see the opening of the biggest legal case against big tech in decades as Google will be prosecuted on charges of monopolizing the online search space. We'll find out what this means for the tech industry going forward.
The interior ministry of Morocco says nearly two-thousand five hundred people have died following Friday's earthquake. Rescue teams are still battling to find survivors trapped in the rubble. We look at the economic impact on the country.The EU is considering scrapping plans to impose regulations designed to improve animal welfare in the farming industry, over concerns about the impact it could have on food inflation.Lab-grown meat can be labelled kosher and halal as long as its cells are derived in methods compliant with religious standards, according to two panels of experts commissioned by the industry.
Officials at the G20 summit in Delhi say the African Union could become a member. The proposal has been backed by the US and by India, which is hosting the meeting.
Apple's stock market valuation has fallen by almost $200bn in two days after reports that Chinese government workers have been banned from using iPhones. We take a look at the implications this might have for the firm. Chevron workers at two of the companies' LNG facilities in Australia have begun a strike that could have global repercussions. We get the latest from our correspondent in Sydney. And as leaders of the world's major economies gather in India to attend the G20 summit, we find out what food they'll be served.
The co-working company, WeWork, is looking to renegotiate nearly all of its office leases following a significant decline in its share value since the beginning of the year. The company has 777 locations in 39 countries with long term lease obligations totalling more than $13 billion.
As imports and exports fall again in China, we ask what the economic slowdown means for the rest of the world. A separate report also shows a decline in the services sector of the world's second-largest economy. Senior Bloomberg correspondent in Hong Kong Rebecca Choong Wilkins gives us her analysis. Struggling co-working company WeWork is looking to renegotiate all of its office leases around the world as it questions remain over its ability to stat in business. CEO and co-founder of flexible workspace company Industrious, Jamie Hodari. We go behind-the-scenes of the World Cup of Flowers, taking place in Manchester, England.
African leaders have issued a declaration proposing new taxes across the world to fund action against climate change. The Nairobi Declaration was issued at the end of the three-day Africa Climate Summit in the Kenyan capital. Turkey pushed up its inflation forecasts and cut those of economic growth on Wednesday, as President Erdogan appeared to endorse the big interest rate hikes that are driving a turnaround toward more orthodox policies. The European Union Commission has designated six tech giants as 'gatekeepers'. This means, Amazon, Alphabet, Apple , Meta, Microsoft and TikTok owner ByteDance, have six months to comply with tougher obligations designed to open their platforms to more competitors.
With inflation up, consumer sentiment down and business activity contracting in Germany, we ask if two decades of prosperity in the European powerhouse are at an end. In a special programme, Vivienne Nunis is joined by BBC correspondent Damien McGuiness in Berlin to discuss the core issues. We hear from Thilo Brodtmann, head of Germany's largest industrial association, the VDMA. Thorsten Schmidt, CEO of Heller Machine Tools in Nürtingen gives us his view on the recent slowdown in manufacturing output.
The cost of oil climbs above $90 a barrel for the first time in 2023. We look at the reasons and the consequences this can have in countries that are already struggling with high fuel prices like Pakistan. A new law has taken effect in New York City that restricts short term rentals through platforms such as Airbnb and VRBO. We find out the details. And we hear about the Belgian government's initiative to put pressure on banks to get them to raise interest rates on deposits. But will it work?
Qantas CEO Alan Joyce is stepping down two months earlier than planned, as the airline faces growing controversies. In the past two years Qantas has faced a slew of criticism for expensive airfares, mass delays and cancellations, and its treatment of workers. Labor Senator Tony Sheldon gives his reaction to the news. South Africa's economy has grown more quickly than expected in the second quarter of 2023. This is despite ongoing power outages impacting the country. An ice cream seller in Soweto tells us how he's been affected. The maker of weight-loss drug Wegovy briefly became Europe's most valuable company, after the treatment was made available in the UK.
Russian president Vladimir Putin says the agreement to allow Ukrainian grain exports on the Black Sea will be revived when his demands on exporting Russian products are met. We look into the impact this is having on Ukraine's economy. Protests against soaring electricity bills continue in Pakistan. We hear about the challenges high energy rates pose for local businesses and why the government does not have many alternatives to help bring prices down.And we get the latest from the biannual meeting held by the members of the Association of Southeast Asian Nations (ASEAN), which is taking place in Indonesia.
As Turkey's annual rate of inflation hits 58.94% in August, we analyse the reasons why. We hear from a local business owner in Ankara about his struggles with rising energy and food costs. We also take a closer look at two other countries struggling to control inflation: Pakistan and Argentina. Residents in Spain's capital city, Madrid, are dealing with the aftermath of flash flooding over the weekend. Transport links have been affected and many businesses have been forced to close. Internet search engine Google turns 25. We find out how the company with humble beginnings turned into a tech titan.
Mohamed Al Fayed, former Harrods owner whose son Dodi was killed alongside Diana, Princess of Wales in car crash, has died aged 94.Born in Egypt, he built a business empire in the Middle East before moving to the UK in the 1970s.
Vivienne Nunis hears about a new report which says that if nothing is done to redress Africa’s huge debt burden, the consequences will be felt far outside the continent.
New rules come into force today (Friday) in the Netherlands, which could further limit the export of high-end semiconductor technology to China.
From today, rented E-scooters will no longer be seen on the streets of Paris - after residents voted overwhelmingly in favour of getting rid of them.
Florida’s Tropical Storm Idalia is the most expensive natural disaster to hit the United States this year.Insurance companies in Florida are now under pressure; nine property insurance firms have closed down since 2021.We hear from a business in Cedar Key which was badly damaged by the storm.
Army officers who seized power name a transitional leader for this nation rich in oil and manganese, a key mineral in the steel industry. We take a look at Gabon's economy, the role it could have played in the political crisis which unravelled this week, and the challenges it will face under new leadership. Figures from China's manufacturing sector show that activity has dropped for the fifth month in a row. We look into the latest gloomy data on the state of the world's second largest economy. And we hear how two years of drought in Spain, the number one global producer of olive oil, are making prices of the commodity soar.
Switzerland has outlined a series of measures to combat money laundering and increase transparency in its huge financial sector. They include a register of those who ultimately benefit from trusts and companies - Switzerland is the only European country that doesn't have one.
One of China's biggest property development firms, Country Garden, has reported half year losses of six-point-seven billion dollars. The announcement increases concerns about the troubled property sector, which accounts for more than a quarter of Chinese GDP.
Burger King must face a lawsuit that alleges it makes its Whopper burger appear larger on its menus than it is in reality, a US judge has ruled.
Electricity prices in the country have soared since the government cut energy subsidies to obtain a $3bn bailout from the International Monetary Fund leading to protests. We hear how this is impacting individuals and businesses.
Also in the programme, we get the latest from Gabon, where the military has seized power and placed President Ali Bongo, 64, under house arrest. We take a look at the economic background in which the coup has taken place.
Netflix has told the BBC that their gaming division is a "natural extension" of their entertainment business. We talk to one of the firm's gaming partners about the opportunities that the streaming giant has opened for the industry.
US commerce secretary, Gina Raimondo, is calling on Beijing to reduce the risk of doing business in China for American companies.
Gina Raimondo is the latest of four US top officials to visit China in the last two months. We look into what might come out from her four-day visit to the Asian superpower.
London has expanded its Ultra Low Emission Zone to make it the world's biggest anti pollution charging zone. We hear how much drivers will have to pay to drive within the city, and the impact it can have on workers and businesses.
And India, the world's largest rice exporter, has issued new curbs on exports of this cereal. We listen to the reasons and the potential consequences.
Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms.
Also, a technical issue at UK air traffic control has led to long flight delays and even though layoffs are down, employers are still finding ways to cut jobs
Shares of the Chinese property giant fell by almost 80% on its first day of trading since March last year. The firm had suspended its activity in the Hong Kong Stock Exchange as it aimed to release a global restructuring plan.
he US Commerce Secretary, Gina Raimondo, is the fourth member of Joe Biden's cabinet to visit China in the last two months. We look into what might come out of this three-day trip.
And thousands of airline passengers face potential delays and cancellations after a technical issue at UK air traffic control led it to bring in traffic restrictions to "maintain safety". We hear the latest.
The US Federal Reserve chairman has said the central bank will continue to raise interest rates "if appropriate" as inflation remains "too high". Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen from a peak.
The Director of the British Museum is stepping down over the way the institution under his leadership handled a series of thefts that have shaken its reputation.
The international leg of Taylor Swift's Eras tour kicked off last night in Mexico City. She is on track to make one billion US dollars from her Eras tour, which would make concert history.
Germany’s economy slowly recovered in the second quarter of the year but it’s still very weak. Slow performance continues to drag down growth across the whole Eurozone.
The BRICS group of nations has invited six countries to join them. They are Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the UAE. We look at how some of these countries would benefit from joining this bloc.
Central banks from around the world are gathering for the annual three-day conference in Jackson Hole, Wyoming.
Turkey's central bank hiked interest rates on Thursday by more than expected as it steps up a new commitment to damp inflation through monetary policy.
Yevgeny Prigozhin was a head of the private military company and he used to personally operate the budget and salaries for the Wagner group. What will happen to Wagner now and who will take over the organisation?
Wagner mercenary chief Yevgeny Prigozhin was listed as a passenger on a private jet which crashed on Wednesday evening north of Moscow with no survivors, the Russian authorities said, raising fears among his allies that he had been killed.
India makes history by becoming the first nation to land near the Moon's south pole. One of the mission's major goals is to hunt for water-based ice, which scientists say could support human habitation on the Moon in future.
Plus, central bankers from around the world descend on the US mountain resort of Jackson Hole in Wyoming for the Federal Reserve’s annual gathering.
India makes history by becoming the first nation to land near the Moon's south pole. One of the mission's major goals is to hunt for water-based ice, which scientists say could support human habitation on the Moon in future.
Microsoft has made a new bid to buy Call of Duty-maker Activision Blizzard in the latest twist in the tale of what would be the biggest deal of its kind in the gaming industry. Its original $69bn (£59bn) deal was blocked by UK regulators, but under the new offer Microsoft has agreed to transfer the rights to stream Activision games from the cloud to Ubisoft, a video games publisher, for 15 years.
The five Brics countries - Brazil, Russia, India, China and South Africa - are holding their 15th annual summit in Johannesburg. What's on the agenda?
Also, British microchip designing giant Arm has announced it has filed paperwork to sell its shares in the US. The Cambridge-based company, which designs chips for devices from smartphones to game consoles, plans to list on New York's Nasdaq in September.
The first day of the Summit BRICS 2023 is hosted by South Africa. Official meeting has been set aside for events involving the more than 70 countries invited as "friends" of the BRICS bloc. Delegations will gather to discuss the expansions, trades deals and de-dollarization.
Tropical Storm Hilary swept across the US state of California on Sunday night, bringing fierce winds and flooding to the Pacific coast. Now headed north to Nevada, the storm passed over Southern California, with record rainfall and flash flooding predicted in the Death Valley National Park. The storm is expected to deal a major blow to the region's economy, including its vineyards which last year generated over $88 billion for the US.
Left-winger Luisa Gonzalez is leading in Ecuador's presidential election. The poll was combined with a referendum, in which voters chose to end oil drilling in the Amazon.
Spain celebrates winning the Women's World Cup.
The BRICS group of developing economies – Brazil, Russia, India, China, and South Africa meet in Johannesburg this week for their annual summit.
Top of the agenda will be its expansion. Twenty-three countries have formally expressed an interest in joining the group, while officials have said a total of 40 are seeking membership. We find out why this economic group is so important.
Filing for bankruptcy protection will allow the heavily-indebted Evergrande to protect its assets in the US as it works on a multi-billion dollar deal with creditors. The company defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. The move comes as problems in China's property market add to concerns about the world's second largest economy.
England will take on Spain in the Women’s World Cup final over the weekend. Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy.
Google AdSense - a technology used by Google to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?
The giant Chinese property developer, Evergrande, has played down its decision to file for bankruptcy protection in the United States. The company described the move as a 'normal procedure'. We hear concerns about property values are falling faster than Beijing has revealed.
And we will look at the Women’s World Cup final over the weekend - England will take on Spain. Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy.
Google AdSense - a technology used by the company to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?
We examine why US government bonds are becoming more lucrative for investors.
We hear what impact a drought is having on maritime trade going through the Panama canal.
AND We get reaction to news that the world's second biggest fashion retailer H&M is investigating 20 alleged instances of worker abuse at Myanmar garment factories that supply it.
We will look at the Panama Canal which has extended restrictions on vessels, as it battles an on-going drought. It’s also limited the amount cargo ships can carry.
Burger King says it has removed tomatoes from its food in Indian outlets after a sharp rise in prices. Monsoon rains in July disrupted crops and supply chains. Today, supply has returned but prices have remained high.
And Google has announced plans to train twenty- thousand Nigerian women and young people in digital skills to support government targets of creating one million tech jobs.
President Joe Biden has used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to an American public.
Two decades ago Brazil, Russia, India and China came together to form an economic group called BRICs. We talk to the former Goldman Sachs economist, Jim O'Neill who came up with the acronym.
And we hear about how twenty vintage Ferraris bought by a collector from a dusty old barn are now being auctioned off in Sotherbys in California.
Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading.
And many of the raw materials needed to make electric cars are mined in Africa. Yet, the continent often misses out on the key profits made from refining minerals like cobalt, lithium and manganese, according to a new UN report.
It’s a year since President Biden kickstarted a race to develop and grow green energy and clean technology with the largest ever programme of investment and subsidies - otherwise known as the Inflation Reduction Act. Some say it has left Europe and other parts of the world lagging with companies choosing the US to build new factories.
There's more evidence that US consumers are weathering the economic storm and continuing to spend. Figures show retail sales rose by 0.7% in July which is more than expected.
It's welcome news for retailers who are struggling with high prices and lower margins, and that’s going to force the Fed to keep the prospect of more rate hikes on the table.
Unemployment amongst young people in China has been on the rise for some time now which at the last count had hit a record high of more than 20%.
Marking the second anniversary of their return to power in Afghanistan, Taliban’s have barred nearly a million girls from secondary school, prohibited women from universities and ordered aid groups to “suspend work of all female employees.”
US Steel is in the middle of a bidding war. Esmark, a privately held company, made an offer to buy the company for 7.8 Billion dollars. The offer comes after 7.3 billion dollar bid from Cleveland-Cliffs was rejected.
Earlier, US Steel said it was considering strategic options and had already received multiple unsolicited bids that ranged from the possible acquisition of the whole company to specific assets.
China's property developer giant, Country Garden, has seen its share price plunge to a record low today after it suspended trading on some key bonds. The company has become a symbol of China's struggling property sector.
Workers at several natural gas plants in Australia will decide this week whether to go on strike in a row over pay and conditions.
The owner of Facebook, WhatsApp and Instagram is set to be fined nearly $100,000 a day over alleged privacy breaches in Norway.
At least 55 people are known to have died and thousands have been displaced from devastating wildfires that began on the island of Maui on Tuesday.
The extreme damage to homes and businesses would likely drive losses into the hundreds of millions of dollars.
Hawaii is one of the world's most popular tourist destinations. 15,000 visitors took flights out of Maui on Thursday. So what's next for the tourism industry?
Country Garden is one of China's biggest property firms, but there's trouble lurking in the undergrowth.
It's warned investors it could see a US$7 billion loss for the first half of the year.
As Hawaii tries to deal with a catastrophic wildfire that has taken 36 lives, we hear how the tourism industry there is trying to evacuate and protest staff and visitors.
Prices in the US rose to 3.2% compared to July last year, following 13 months of falls after peaking at 9.1 percent last June.
The increase is due partly to higher housing and food costs.
Although inflation has drifted down from last summer's 40 year high, but it's still well above what the Federal Reserve thinks of as normal prices.
President Joe Biden has banned major US investors from putting money into some Chinese firms making advanced semi-conductors, or developing quantum computing or artificial intelligence technology. We find out what this restriction means for the Chinese economy?
Entertainment giant Disney has reported losses that shows declines of its television and movie businesses. We get the latest on future of the company.
And Mexican-American musician Sixto Rodriguez who is best known for his song Sugar Man has passed away. Mr Rodriguez failed to achieve commercial success in the US but years later his music developed a cult following overseas. We reflect back on his career.
It's often said that if America sneezes, the world catches a cold. That now must be true of China - the worlds second largest economy.
China's economy is struggling with falling prices - or deflation.
The main inflation measure has turned negative for the first time since the pandemic.
Brazil's President Lula is hosting a summit in Belém, northern Brazil alongside seven other nations that share the Amazon. This is in a bid to save it and bring it out of economic turmoil.
The Taiwanese chipmaker, TSMC, is to open a new semiconductor factory in Germany, strongly boosting Europe's microchip industry. The firm, which already controls more than half the world's semiconductor output, will put over three billion dollars into the facility in Dresden. We take a look at how important this is for the two economies.
And the Federal Reserve reports that U.S. credit card debt has hit $1 trillion for the first time toward the end of July. We find out what it means for US consumers and the country.
Global demand for Chinese goods fell by 14.5% last month compared to the same time last year.
It's a bigger than expected decline and reflects the threat of recession in the US and Europe, combined with high inflation.
Imports also fell for the ninth straight month, showing soft domestic demand.
US trucking company Yellow has filed for bankruptcy and will be closing down. The company had received a $700mn Covid-19 relief loan from the Trump administration during the summer of 2020. So will the loan be repaid? And what does it mean for the 30,000 workers expected to lose their jobs?
Also Roger Hearing finds out why Matt Healy from the British band The 1975 has been threatened with legal action by the Good Vibes Festival in Malaysia.
We find out how much is expected to be at stake. And apparently Americans are eating their burgers and fries at home, in their cars and at the office. In fact anywhere but at the fast-food restaurants themselves. McDonald’s, Burger King want big investments in eating areas, prompting pushback from franchisees.
The largely Saudi Government owned oil producer saw a 38% drop to $30 billion for the second quarter.
That's compared to this time last year, when prices surged following Russia's invasion of Ukraine.
The company said it was because of lower crude oil prices and smaller margins in refining and chemicals.
Employment in the US held steady last month, bolstering hopes that the economy will avoid a painful downturn. Latest job figures from the Bureau of Labor Statistics show employers added 187,000 jobs while the jobless rate dropped to 3.5%. Chris Low, Chief Economist at FHN Financial in New York and Julia Pollak Chief Economist at ZipRecruiter, in California, discuss what this could mean for the US economy.
Plus in the latest part of our series on immigration, presenter Leanna Byrne speaks to Shannon K.O’Neil, a Latin American expert and vice-president of the Council on Foreign Relations, a think tank in the US, about how inflation and increasing political pressures are pushing more people to leave countries such as Argentina and Venezuela and head north to the US in search of a better life.
Alberta in Canada has withdrawn its bid to host the 2030 Commonwealth Games. It follows a decision last month by the Australian state of Victoria to pull out of hosting the 2026 Commonwealth Games. Both say that the event is simply too expensive - and would cost as much as $2bn. We speak to the CEO of the 2022 Birmingham Commonwealth Games about the impact of this.
An amateur rapper and her husband have pleaded guilty to trying to launder $4.5bn (£3.5bn) of Bitcoin that he had stolen in a hack in 2016. Heather "Razzlekhan" Morgan and Ilya Lichtenstein were arrested last year in New York. We find out how they manged that heist.
And we look at "Emancipendence" celebrations in Jamaica as it come to a climax. The day commemorates the abolition of slavery in not just Jamaica but the British Empire. We hear what this day has meant for the economic development of Jamaica.
The world’s two biggest tech companies Apple and Amazon deliver their much anticipated latest results - we discuss what the numbers mean.
In India the government has announced restrictions on electrical goods such as laptops, tablets and phones - we look at the reasons why and what impact the move could have.
And seven-time Super Bowl champion Tom Brady becomes the latest sporting legend to buy a share of a British soccer club - taking a minority stake in Birmingham City FC.
The 7 time Superbowl champion is the latest US celebrity to invest in a UK football team, and becomes chairman of a new advisory board for the club.
Birmingham City have recently been taken over by US Investment firm Knighthead Capital Management LLC.
Owner Tom Wagner says Brady show the club are "are setting the bar at world class".
Meta has begun blocking access to news on Facebook and Instagram in Canada in response to a new law requiring internet giants to pay news publishers. Takara Small, a technology journalist brought us the latest from Toronto.
The government in Chile wants to restrict the numbers of migrants coming into the country. Jane Chambers looks at how the tightening of border controls is now pushing more would-be migrants north to the US.
Europe-based plane maker Airbus and the US space exploration firm Voyager Space have announced a joint venture to develop a possible replacement to the International Space Station. Roger Hearing speaks to Clay Mowry, Chief Revenue Officer, at Voyager space about the project.
Ukraine's main inland port, Izmail, has been hit by a drone strike weeks after Russia pulled out of an agreement that saw Ukrainian grain exported safely. Ukraine's Deputy Prime Minister has said the attack damaged 40,000 tons of grain planned for buyers in Africa, China and Israel. What impact is this having on the country and the wider economy.
As the coup in Niger continues, we ask how the global energy industry could be affected by the closure of borders in the world's seventh bigger producer of uranium ore.
And after the US had its credit rating downgraded from the highest AAA to AA+ by agency Fitch. We find out what this means for both the US government and its economy.
Former US President Donald Trump is facing a third case in the wake of the 2020 Presidential election and its fallout. We look at his finances. As Uber turns a profit for the first time, we look at how the company plans to expand and remain profitable. Plus we hear from the Panama Canal's administrators as it struggles with drought conditions.
Nigeria's President Bola Tinubu has fleshed out the details of a raft of measures to tackle the rising cost of living, which has prompted civil unrest and looting.
In a televised address to the nation, Mr Tinubu said he had ordered the release of 200,000 tonnes of grain from strategic reserves.
He also promised to increase the minimum wage, encourage more and better-paid jobs and financial help for the farming, manufacturing and smaller business sectors.
(Picture: President Bola Tinubu has appealed for patience while implementing his economic plans. Picture credit: AFP)
China confronts the threat of economic stagnation and deflation as it fails to bounce back post-Covid. Some analysts now say the government's economic growth target around 5% could be at risk for a second year in a row
Manchester United have agreed a 10-year extension kit deal to their partnership with Adidas worth a minimum of £900m.
Lebanon’s economic and political paralysis enters a new phase today with the departure of the discredited central bank governor, Riad Salameh. For most of his thirty-year tenure he was celebrated as a financial genius, but he is now widely blamed for Lebanon’s almost complete economic collapse since 2019.
Online marketplace Etsy has come under fire from sellers for putting 75% of their takings on hold for 45 days.
Argentina has reached a $7.5bn agreement with the International Monetary Fund, as it tries to get its troubled economy back on track.
The South American nation has been in negotiations with the Fund for months over its $44 billion loan program. That's the biggest outstanding deal that the IMF has with any country anywhere in the world.
The eurozone's economic outlook remains uncertain as the German economy stagnates in the second quarter of 2023. We look into the challenges Germany is facing and the impact they can have in the rest of the region.
The United Nations says this July is on course to be the world's hottest on record. We hear how workplaces need to adapt to changes in temperature.
And Kylie Minogue announces her first Las Vegas residency. What does this mean for her career?
A prolonged heatwave in the US has created concerns in the White House as medics are warning of a rising number of burns and heat strokes in the workplace.
President Biden has announced a number of measures to help Americans deal with extreme temperatures, as a heatwave spreads across large parts of the United States.
Russian President Vladimir Putin has told a summit of African leaders in St Petersburg that Russia will send thousands of tonnes of free grain within months. Secure food supplies have been a major worry since the invasion of Ukraine.
The European Central Bank has raised interest rates to a record level last seen in two-thousand-and-one. The key rate was increased by a quarter of a percentage point.
And, this Sunday’s Belgian Formula 1 Grand Prix at the historic Spa-Francorchamps circuit could be the last.
The rise of 0.25% by the US Federal Reserve raised rates to 5.25%-5.5%, marking the eleventh increase since early 2022.
This is despite inflation in the country being 3% last month, with the Fed non-committal over future hikes.
Ed Butler finds out how this is affecting businesses in the country, and what they want to see happen next.
China has named Pan Gongsheng as the new governor of its central bank, the People's Bank of China (PBOC). The country is experiencing challenging economic times, with sluggish consumer spending, a crisis in the property market, weakening exports, record youth unemployment, and high local government debt.
China's political leadership has played down the severity of its economic issues, but this new appointment shows signs that that might be changing.
Some of the world's biggest tech companies have reported their latest results, as Alphabet, Microsoft and Snap Inc all announce earnings.
Microsoft and Alphabet have both launched an array of AI products since OpenAI, backed by Microsoft, released ChatGPT late last year.
Ed Butler hears from tech investors about what the future holds for the industry and its biggest firms.
The International Monetary Fund has upgraded its forecast for the global economy in 2023. We look at the new figures and why the institution is feeling more positive about the world’s economic recovery - while warning about remaining threats.
Also in the programme, we hear about the economic impact of the wildfires in Greece and the new road being built in Paraguay to rival with the Panama Canal.
The country's government has caused turmoil by passing the first part of a new and highly controversial set of laws limiting the power of the Supreme Court to overrule government actions.
There have been angry protests on the streets on Jerusalem, while the Prime Minister Benyamin Netanyahu has appeared on Israeli television saying he was willing to delay the new law for now in the interests of national unity.
Ed Butler speaks to the Histadrut, The General Federation of Labour in Israel, which had threatened a general strike if the law was passed.
Chinese leaders pledge to step up policies focusing on expanding domestic demand, boosting confidence and preventing risks. We look into what this might mean for the world’s second largest economy.
Also in the programme, we hear about Twitter’s transformation into X and what users can expect from it.
And we get the latest from the general snap elections in Spain and the impact they are having in the economy.
Businesses in South-West of the United States explain how the weather is impacting them.
‘Flying taxis’ could be become a reality in some cities as soon as 2026.
And, we discuss Burberry, the 170 year old high-fashion brand built on its British principles.
Global wheat prices have risen after Russia carried out missile attacks on military infrastructure near grain ports in Ukraine.
Turkey’s Central bank raised interest rates to 17.5 per cent to tackle soaring inflation.
And the new barbie film is on the way but this is not the only film and TV series we expect from the Mattel franchise.
Shipments of non-basmati white rice will be banned to keep domestic prices down ahead of the general election expected early next year.
The biggest exporter of rice in the world is halting sales of the grain overseas with immediate effect.
It comes as worldwide grain prices have already been hit the collapse of the Black Sea Initiative and Russian threats to cargo ships.
Netflix gained almost 6 million new customers in the past three months after the streaming giant cracked down on password sharing.
The company have reported revenue of 8.2 billion US dollars in its second quarter.
Indian automotive giant Tata has announced a $4bn electric car battery plant investment in the south of England. One of the world's biggest fertiliser distributors, Yara International, is feeling the sting of prolonged conflict in Ukraine. We also hear how farmers in the Central African Republic are getting a boost from juice.
The World Trade Organisation is concerned food prices might rise after Russia pulled out of a deal to let Kyiv export grain.
Sam Fenwick speaks to Director General Ngozi Okonjo-Iweala, who says she is still confident exports can resume after the breakdown of the Ukraine-grain deal.
Tuesday was the world's hottest day ever, beating the previous record set on Monday, while nearly a third of Americans, over 113 million people, are covered by some sort of official heat advice.
We find out how economies are adapting to the extreme heat, and how business are coping as people are unable to work.
Roger Hearing speaks to former European Commission President José Manuel Barroso and climate economists.
The United States could face a major supply chain disruptions and high shipping costs if a potential strike by the UPS delivery service, consisting of 340,000 workers, goes ahead. The proposed 10 day strike could be the most expensive walkout in at least a century, costing the U.S. economy upwards of $7 billion dollars.
The deal to allow Ukrainian grain to be safely exported seems to be at an end. Russia says it is halting its involvement in the agreement brokered by the United Nations last summer. Without a deal, global food supplies are likely to be severely disrupted - Russia and Ukraine are major players in the wheat, barley, maize, sunflower seed and sunflower oil markets.
We're back into earnings season, and, unsurprisingly it's the banks that are attracting most attention - they, are after all, the beneficiaries of the higher interest rates that have come with the Federal Reserve's bid to curb inflation. The first big headline profit result is from JP Morgan Chase - profits for the quarter ending June 30 were $14.5 billion, up 67 percent, while revenues were up 34 percent to $41.3 billion. Part of that was from its purchase of a majority of the failed First Republic Bank's assets in a government-backed deal in May. At Wells Fargo, meanwhile, profits also rose 57 percent to $4.9 billion. Citi however experienced a drop, blaming an anaemic investment banking market as a drag on their revenues.
South Korea has been on high alert as a storm battered the capital Seoul, while in the Philippines officials warned of a tropical cyclone.
Earlier this week India's capital New Delhi recorded its wettest July day in decades.
Sam Fenwick explores the financial impact of climate change.
Hollywood actors are going on strike. In the last few hours the representatives of the Screen Actors Guild - American Federation of Television and Radio Artists - known as SAG-AFTRA, announced its first major strike in 40 years. It follows weeks of talks about pay and the impact of artificial intelligence.
Tens of thousands of Hollywood actors are preparing to strike after last-ditch talks between their unions and streaming giants broke down just hours before a major deadline.
The Screen Actors Guild has agreed to one extension of talks with major studios but the union has been unable to agree a deal over issues around pay residuals and the use of artificial intelligence.
After a many months of discussions, Pakistan has won final approval to borrow $3 billion from the International Monetary Fund. The deal will unlock long-awaited funding from other lenders that should help ease the nation’s dire need for cash and rescue its economy.
The rate of price growth in the US dropped to its slowest pace in more than two years, helped by cheaper used cars. Inflation has fallen sharply from a peak of more than 9% last year and June's reading marks the slowest pace since March 2021. The figures suggest a succession of interest rate rises have punctured soaring prices. However, analysts still expect the US Federal Reserve to raise rates again this month.
A US court has given Microsoft the green light to buy the videogame maker Activision Blizzard in a deal worth $69bn. Microsoft said after the US win, it would focus on resolving concerns around competition in the UK. The tech giant's merger with the Call of Duty owner would be the biggest deal of its kind in gaming industry history.
NATO members meeting at a summit in Vilnius have agreed to spend more on defence.
And US Senators have aired their concerns about Saudi Arabia’s plan to transform professional golf, after the biggest merger in the sport's history between the PGA Tour and the breakaway LIV league.
Nigeria's state-owned oil company says an oil tanker carrying 800,000 litres of stolen crude has been intercepted offshore while heading to Cameroon. Oil theft from pipelines and wells in the Niger Delta is a major problem for the Nigerian economy, robbing it of much needed revenue. The oil company said that the Nigerian registered tanker had been operating in what it called stealth mode for the last 12 years.
Nigeria's state-owned oil company says an oil tanker carrying 800,000 litres of stolen crude has been intercepted offshore while heading to Cameroon.
Oil theft from pipelines and wells in the Niger Delta is a major problem for the Nigerian economy, robbing it of much needed revenue.
The oil company said that the Nigerian registered tanker had been operating in what it called stealth mode for the last 12 years.
Threads, the social media app aimed at rivalling Twitter, has signed up more than 100 million users in less than five days. The platform, launched by Instagram-owner Meta, has beaten a record set by Open AI's ChatGPT app.
China’s consumer inflation rate was flat in June while factory-gate prices fell further, causing alarms about deflation risks and adding to speculation about potential economic stimulus.
Could countries be soon mining the seabed? A meeting of The International Seabed Authority started on Monday to try and hammer out a global code for exactly that.
China releases its latest tranche of economic data - which has led to worries over the possibility of deflation. Sam Fenwick hears about the pressure being placed on the government to introduce some stimulus packages to try to kick-start spending. Meanwhile the inquiry opens into the deaths of 157 people in an airliner disaster near Addis Ababa. We hear what it means for the industry.
One of China's biggest tech firms, the company that runs the mobile payment service Alipay has been hit with a massive fine of almost a billion dollars. But many believe this could this mark the end of a long government crackdown which led to Ant Group and Alibaba founder Jack Ma stepping down.
Also tonight, Roger Hearing finds out why Ford is retiring its iconic Fiesta brand.
Picture: the Alipay logo at the 2023 World Artificial Intelligence Conference in Shanghai, China, credit CFOTO/Future Publishing via Getty Images
US Treasury Secretary Janet Yellen has arrived in China as part of high-stakes attempts to rebuild bridges between the world's two biggest economies.
It is the second visit to Beijing by a senior Washington official in as many months and comes after the countries' relationship nose-dived this year.
The visit comes just days after Beijing said it would curb exports of two key materials used to make computer chips.
As Meta launches its new social media app Threads, Twitter boss Elon Musk is reported to have sent a cease and desist letter accusing the Facebook owner of building a "copycat" and using ex Twitter staff to create it.
The boss of the energy Shell says cutting oil and gas production is 'dangerous and irresponsible'.
Wael Sawan insisted that the world still "desperately needs oil and gas" as moves to renewable energy were not happening fast enough to replace it.
In a much watched visit to Beijing, the US treasury secretary hopes to calm tensions and restore communication between the nations.
Janet Yellen's trip follows Secretary of State Antony Blinken's last month, with meetings expected to focus on areas of potential agreement like stabilising the global economy.
We hear what realistically can be achieved during the visit.
The world's average temperature reached a new high this week, topping 17 degrees Celsius for the first time.
This broke the previous record of 16.92 degrees from August 2016.
Vivienne Nunis speaks to one of the world's top global insurance brokers.
It's 20 years in the making, but could the European Union and South America's trade blocs finally strike a deal?
Members of the Mercosur trade bloc have been meeting in Argentina, with beef and deforestation still significant stumbling blocks to any agreement.
We find out what the road ahead looks like for the leaders of Argentina, Brazil, Paraguay and Uruguay.
Facebook owner Meta is launching its new app to rival Twitter and says it will go live later this week.
The app, which is called Threads and is available for pre-order on the Apple App Store, will be linked to Instagram.
The move is the latest in a rivalry between Meta boss Mark Zuckerberg and Twitter owner Elon Musk.
Over 30 EU lawmakers have signed a document that aims to ensure access to co-working spaces, prohibit tracking workers’ computers at home and protect them from having to send or respond to emails outside of working hours. The non-binding document was developed by the Future Workforce Alliance, a forum of politicians, business leaders and focused on policy changes in response to the digital transformation of work environments.
The US Treasury Secretary Janet Yellen has announced that she will be in China later this week.
She recently warned that the collapse of relations between the two countries would pose a huge risk to the global economy.
The Pakistani prime minister Shehbaz Sharif has welcomed a new three-billion dollar loan agreement with the IMF, saying it will help his country achieve economic stability. Mr Sharif said the deal would help sustainable growth and boost Pakistan's foreign currency reserves.
The social media giants Meta and Google have said they'll block local news from their platforms in Canada after it became the latest nation to pass a law to force tech giants to pay news providers for their content. It follows similar disputes in other jurisdictions including Australia.
A BBC investigation has found that TikTok is not removing many videos that deny the existence of man-made climate change - despite a promise in April that it would do so.
The cases concerned admissions at Harvard and the University of North Carolina (UNC). The court's conservative majority ruled 6-3 against UNC and 6-2 against Harvard. The justices sided with an organisation called Students for Fair Admissions, founded by a conservative activist, Edward Blum. The group argued before the court last October that Harvard's race-conscious admissions policy violated Title VI the 1964 Civil Rights Act, which bars discrimination based on race, colour or national origin.
Affirmative action is one of the most contentious issues in US education. It first made its way into policy in the 1960s, and has been defended as a measure to increase diversity.
Virgin Galactic launches its first commercial spaceflight called Galactic 01. Three Italians are on board, along with a Virgin Galactic instructor and the spaceplane's two pilots.
Sri Lanka's central bank has unveiled a plan to restructure government debt in an attempt to restore economic stability. The debt restructuring is part of a bailout programme Sri Lanka agreed with the International Monetary Fund in March. China holds more than half of the foreign debt.
Lookalikes of Dolly Parton, Taylor Swift and Freddie Mercury - among others – are angry with have Meta, the company that owns Facebook and Instagram. They're unhappy about a Meta rule that bans accounts of people "pretending to be someone famous". We speak to one of them.
We take a look at Sri Lanka’s debt restructuring plans and what it could mean for people there.
Also in the programme, we find out how businesses that operate outdoors in Texas are managing to stay open during the latest heatwave.
And would you mind if your local sports team is transferred to another city? That is what fans of baseball team Oakland Athletics are going through. We hear why and what some US policymakers are proposing to stop this.
Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery.
One way that China is looking to revive its economy is by investing in batteries, spurred by massive government spending aimed at achieving energy independence. Goldman Sachs estimates that China requires a 70-fold increase in battery storage in the next eight years or so, to meet its targets of curbing fossil fuel use.
A new report published this week is making some devastating claims against Google accusing of overcharging firms using its ads. Google charges companies for the amount of time people spend looking at their ads online.
And a new study found that loan officers in Uganda are more likely to offer loans to heavier-looking people than thinner-looking individuals.
New technology is being used to find deposits of nickel, copper, cobalt and lithium which are vital for the EV battery industry. We hear from a company that is using AI to locate these sought-after minerals. Also in the programme, we hear why the electric truck-maker Lordstown filed for bankruptcy and why it's suing the Taiwanese firm Foxconn. And Apple becomes the latest tech firm to call-out a planned law in the UK which could force encrypted messaging tools like iMessage, WhatsApp and Signal to scan messages for child abuse material.
The Organisation of the Petroleum Exporting Countries (OPEC) says global oil demand will rise to 110 million barrels a day in about 20 years, pushing the world’s energy demand up by 23%.
The former chief executive at the car firm Audi has been given a 21-month suspended sentence by a court in Germany for his role in the diesel scandal in 2015. Rupert Stadler has also been fined nearly a million pounds, over the use of software, which made diesel cars appear less polluting than they really were.
Zimbabwe’s annual inflation doubled to close to 176 percent in June, after the local currency tumbled against the US dollar and food prices rose.
In the aftermath of the revolt led by Yevgeny Prigozhin, we explore the impact the mutiny will have in the economy.
Also in the programme, as wildfires continue to rage across the Canadian province of Quebec, we get the perspective from local businesses.
And we hear the latest from the presidents of the two biggest economies in South America, Brazil and Argentina, who are holding talks in Brasilia.
Germany's highest court has ruled that car manufacturers must - in principle - pay compensation to customers whose diesel vehicles were fitted with illegal devices to control emissions. The federal judges' decision could potentially cost Volkswagen, Mercedes-Benz and other carmakers millions of dollars.
After a mutiny by Wagner paramilitary forces in Russia was defused on Saturday, Global investors have been quick to react as the Russian rouble sank to a 15-month low - back to levels not seen since the early days of the invasion of Ukraine last year.
Pakistan is in a last-ditch attempt to revive a deal with the IMF. The finance minister has made drastic changes in the budget to try to secure the deal.
An attempt by the French president to win support for a global carbon tax on the shipping industry has failed.
Addressing a summit for a New Global Financing Pact, Emmanuel Macron said the shipping industry was responsible for more than two percent of the world's greenhouse gas emissions, and should contribute to efforts to cut them, including through taxes.
He acknowledged that such a tax would only work if China, the United States and other European nations with stakes in the shipping industry joined forces.
Developing nations have used an international summit in Paris to denounce the global financial system and demand radical reform. Rob Young hears what the problems are -- and ask if change is likely.
As China, the world’s second biggest economy, experiences its hottest summer for 60 years, we hear what it’s like to live and work, especially outside, in such extreme temperatures.
In a few weeks time Francis Bacon's masterpiece "Three Studies for a Portrait of George Dyer" is due to be offered as an IPO where investors will be able to buy shares for as little as $100. We look at why people would invest in this way and discuss whether buying shares in a painting could be a way to democratise owning art.
President Joe Biden and Indian Prime Minister Narendra Modi concluded a number of deals. While secretaries signing the papers, the economic relationships are 'booming', according to Biden, with trade more than doubling over the past decade.
As the UK and Turkey raise their interest rates, presenter Will Bain discusses how two very different economies are using the same tool to fight inflation.
Indian Prime Minister, Narendra Modi, is in America to meet President Biden and discuss defence spending among other issues. We explore what trade is like between the two countries.
As India's prime minister continues his visit, we ask what Narendra Modi's trip will do for relations between the countries. Devina Gupta speaks to a former Indian national security adviser about potential defence deals worth millions of dollars expected to be announced.
We get the latest from the summit in London where business leaders and politicians are discussing future support for Ukraine.
And we hear from Ghana, which is showing signs of economic recovery.
Political and business leaders from across the world are meeting in London to discuss ways of repairing the damage caused by the Russian invasion of Ukraine. The Ukrainian President Volodymyr Zelenskiy spoke to the meeting in London by video-link. He said a reconstruction programme could be “the largest source of economic, industrial and technological growth in Europe for decades and decades”. The UN and World Bank has estimated the cost of rebuilding to be over four- hundred- billion dollars.
India's Prime Minister Narendra Modi has met Tesla boss Elon Musk during a three-day visit to the US. Mr Musk says he wants his electric cars to be available in India 'as soon as possible'. Tesla has been considering setting up a factory to produce cars and a base to produce batteries. The Indian Government is inviting Tesla to explore investing there, while Mr Musk now says he is 'trying to figure out the right timing'. We examine how developed the electric vehicle infrastructure is in India.
And we report on how businesses in Lebanon are increasingly demanding to be paid in dollars. The economy has crashed in recent years which has sent the Lebanese pound - or lira as it’s known in Arabic - into freefall.
Construction of new single family homes rose the fastest in 3 decades, but with borrowing costs surging, can home buyers afford them? Devina Gupta finds out what is behind the boost in house builds.
We hear how Zoom is looking to change its strategy to beat so-called 'zoom fatigue'.
And we go to Portugal which is becoming a hub for 'Digital Nomads', people who can live and work where they please.
China's huge multinational tech firm, Alibaba, is to have a new chairman and chief executive, reportedly to make it commercially more effective. We look at why this is happening and what the changes mean.
The former head of Nissan, Carlos Ghosn, is reported to have filed a billion dollar lawsuit against the Japanese car maker. Tokyo based writer, William Sposato, brings us up to date with the latest.
And former F1 ace, Nico Rosberg, tells why he’s left motorsport behind to become a green tech investor.
The order of 500 Airbus A320 aircraft by Indian carrier IndiGo is the largest single purchase agreement by any airline in commercial aviation history. Devina Gupta finds out if the deal worth roughly $55bn is a sign of a global rocovery in the industry.
We get the latest from the meeting between the US Secretary of State, Anthony Blinken and China's President Xi Jinping.
And ahead of World Refugee Day we hear from one woman who made the trip from South Sudan to Uganda and now works at the BidiBidi settlement camp.
Following U.S. Secretary of State Antony Blinken’s meeting with China's President Xi Jinping in Beijing, we look at how tensions stand between the two countries and how they've affected business decisions far beyond the borders of both countries.
A new trade deal has been agreed between the EU and Kenya. Will Bain speaks to Miriam Garcia Ferrer, the EU's Spokesperson for Trade and Agriculture, on how the agreement will benefit both sides.
And the BBC’s International Business Correspondent, Theo Leggett, brings us the latest from the Paris Airshow – one of the biggest events of the year for the global aviation and aerospace industries.
The United States Secretary of State, Anthony Blinken is heading to Beijing to restore the line of communication between the two countries after a persistent economic and diplomatic tensions between the two countries.
World leaders are gathering in Paris to try to forge a new global financing pact. But an open letter signed by 25 of the world's leading economists suggests more radical reform is needed.
Plans to build the world's largest petrochemical refinery have led to angry protests in north west India. A group of Indian state oil majors and global giants Saudi Aramco and Abu Dhabi National Oil Company want to build the plant in western India's ecologically fragile Konkan belt.
(Picture: US Secretary of State Antony Blinken. Source: Getty Images)
The largest chipmaker in the US Micron announced it is looking to invest around $600m over the next few years in its chip packaging facility in the Chinese city of Xi'an. This can bring some peace in the US-China tech war.
Foxconn, one of the biggest electronics manufacturers in the world, makes more than half of Apple’s products as well as goods for Amazon, Dell and Sony amongst others. But how is the Taiwan-based giant coping amid increasing US-China tensions? The company’s CEO Young Liu speaks to the BBC’s Karishma Vaswani.
With the Fed holding US interest rates this week, and inflation apparently back within manageable limits, now America’s labour market is coming under scrutiny.
We bring you an exclusive report from ordinary people inside the country and take a look at the economy of one of the world's most isolated nations. Devina Gupta finds out what life is really like for people living there.
Can Argentina replace its local currency with the US dollars? We hear one way the South American country is looking to tackle inflation.
And we learn about the growth in speciality cruises.
In the United States, the Federal Reserve has left interest rates unchanged for the first time in more than a year. However, its latest economic forecasts suggest that more rate hikes lie ahead.
Despite the assurances given by the Qatar government and FIFA, a new report says “labour exploitation of migrant workers rampant during Qatar World Cup” and some workers were left unable to pay off the debts they built up to get their jobs in the first place and that many felt unable to complain for fear of reprisal.
And the frenzy stoked by the start of the singer's world tour is seen driving up prices in Sweden. She is apparently the queen of inflation after the rise of demand for hotels and restaurant meals, according to the country's economic statistics.
A draft law known as the AI Act has been passed by the European Parliament which would put new restrictions on the technology. Devina Gupta speaks to those behind the decision.
We hear from South Africa where lawmakers agreed on a new health insurance bill, which will pave the way for universal healthcare in the country.
And we hear how all-inclusive holiday resorts are helping local economies.
Inflation was down to 4% in the US at the end of May – its lowest since 2021. Prices for eggs, petrol and furniture were down, helping to cut inflation to less than half of its peak a year ago. But as the U.S central bank prepares to meet later this week, will the continued downward trend be enough to persuade them to hold back on further rises to interest rates?
In Mexico the race to elect the next President has begun, and the economy is expected to be a key feature of the campaign. Mexico is the second largest economy in Latin America and things are looking up post-Covid. The economy is expected to grow 1.7% this year, the job market is improving and the peso is strengthening against the dollar. But some economists fear the growth may be weak going into next year – just around the time the election is taking place.
And - how much money do you need to be wealthy in America? You might be surprised - Americans suggest it's around $2.2 million. The evidence comes in the annual Modern Wealth Survey carried out by the financial services company Charles Schwab.
The US Consumer Prices Index showed prices rose at the slowest annual pace since March 2021. Devina Gupta hears how the figures provide some encouraging news for the Federal Reserve at the start of its two day meeting to discuss interest rates.
The United Nations and Ukraine have warned of a huge impact on global food security following the destruction of the Kakhovka dam. The UN's aid chief, Martin Griffiths, told the BBC there was massive concern about the environmental destruction of what he called a breadbasket for the world.
The People’s Bank of China has lowered a short-term lending rate for the first time in 10 months to help restore market confidence and set a stalling post-pandemic recovery in the world's second-largest economy.
The US watchdog the Federal Trade Commission has asked a judge to block Microsoft from closing in on a $69 billion deal to acquire Activision Blizzard – the company that makes ‘Call of Duty’ and many other big names. The U.S position on the deal is now closer to that taken by the UK regulator. The issue hangs on claims the sale would give Microsoft's Xbox exclusive access to Activision games, leaving Nintendo consoles and Sony's PlayStation out in the cold.
Also in the U.S, America's biggest bank, JPMorgan Chase, has agreed in principle to settle a class action lawsuit brought on behalf of victims of the convicted sex offender, Jeffrey Epstein. The case was brought by one victim on behalf of hundreds of other women and girls abused by the disgraced financier. The bank is facing a bill of around $290mn.
And – you may have heard of ‘greenwashing’ – but have you heard of the new phrase…green-hushing’? We find out why companies are suddenly starting to keep their green credentials to themselves.
The merger is the biggest in the banking industry since the global financial crisis of 2008; Devina Gupta asks if it will restore the faith of depositors and investors in the Swiss banking system?
Elsewhere, we reflect on the life of Silvio Berlusconi and discuss his legacy in both the politics and business worlds.
And have you heard of Halal holidays? We find out about the growth of Muslim-friendly getaways.
Facebook's owner shows staff plans for a text-based social network designed to compete with Twitter. We hear more about this BBC exclusive.
Pakistan has announced its latest budget amid pressure to meet International Monetary Fund's guidelines and receive the next allotment of the bailout granted by the institution. We find out more.
And Jack Daniels has won a peculiar case against a firm that sold dog toys shaped like its emblematic bottle of whisky. We look into the arguments considered by the judge.
In recent weeks, Pakistan has been gripped by political and economic crises. Now as the government prepares a budget which needs to satisfy the IMF and win over voters ahead of a general election, we look at the challenges it faces to satisfy both.
In Turkey, President Erdogan has appointed the country's first female central bank governor. She’s the fifth person to take on the job in four years, so as Hafize Gaye Erkan takes up her post, can she stabilise the falling currency?
The Australian airline Qantas has scrapped some of its strict rules governing what their staff can and cannot wear. We look at what the new guidelines are and why the company has made the changes.
Canada has lost 30,000 firemen since 2016. We talk to the Canadian Association of Fire Chiefs about their call for more efforts to boost recruitment amid the country's worst wildfire season on record.
Also in the show, should crypto currencies be considered securities or commodities? We hear about the implications that answer could have for firms like Binance and Coinbase.
As home and hybrid working extend well beyond the pandemic, we look into the footprint they are leaving in the design of the office space. And we find out how much was paid for the largest ruby ever to come to auction.
Businesses and schools in New York and across North America are affected by wildfire smoke from Canada with millions of people being advised to stay inside or if they have to go outside then they should wear a mask.
As the Eurozone economy enters a technical recession we speak to Emma Wall, Head of Investment Analysis & Research at Hargreaves Lansdown.
And we discuss the Kenya Finance Bill aimed at increasing revenues and addressing rising debt that has also been criticised for burdening Kenyans with higher taxes as the cost of living rises.
Smoke from Canada fires blankets the US. New York's famous skyscrapers smothered in an orange tinged smog, and residents resorting to wearing face masks, the authorities are issuing health warnings, urging people to stay inside, if possible.
Meanwhile, business owners are continuing running their business with hopes for the clear skies in the future.
New figures from the OECD say that global economic growth is expected to rise slightly. And that means, says the OECD, that as the coronavirus pandemic and energy crisis fade into the background, the time is ripe for countries to get their public finances into better shape. We look at how governments might react.
Meanwhile China's total trade with Russia hit a new record high in May to levels not seen since the start of the war in Ukraine. Official data from Beijing showed trade between the two countries last month was worth $20.5 billion with Chinese imports from Russia worth $11.3 billion. We explore the factors influencing the spending behind the figures.
And as the Turkish lira tumbles to a low against the dollar we look at what this means for people in Turkey and Erdoğan’s new finance minister Mehmet Şimşek.
The surprising announcement of the merge among two competitors: PGA Tour and LIV Golf became a real sensation.
The agreement comes after a year of unprecedented disruption in the men's game following the launch of LIV.
It means pending litigation between the tours will be halted and they will move forward as part of the same enterprise.
The US regulator says the country's largest crypto platform failed to register as an exchange. The move comes a day after a similar lawsuit against Binance and its CEO. We find out what this means for crypto investors. Thousands of people are being evacuated downstream of a major dam at Nova Kakhovka which has been blown up in Russian-held Ukraine. We look into the economic implications. And we hear about the challenges of navigating through South Africa's power outages from the CEO of Transnet, the country's rail, port and pipeline company.
Crypto giant Binance has been accused of engaging in a "web of deception" as it was hit with another lawsuit by US financial regulators. The top US financial watchdog - the Securities and Exchange Commission has charged it for breaking the country's investment laws.
The country is the only member of the group of oil-producing countries, OPEC+, that will reduce output to boost prices. Will it work? Also in the programme, we look into India's railway system after three trains collided leaving 275 dead. And we hear the latest from the largest international meeting of the African private sector, which is taking place in Ivory Coast.
With South Africa expecting its worst ever blackouts, what options does the country have to ensure its economy doesn't continue to suffer? Rahul Tandon discusses the country's options and speaks to a Nigerian businessman on the impact that new president Bola Tinubu removal of fuel subsidies is having. And with youth unemployment among 16 to 24-year-olds in China hitting a record 20.4 per cent in April, we ask why its so high.
The US labour market shows strong position than expected with 339,000 jobs in May. This fuels the markets interest – will the Federal Reserve and the US central bank, continue increasing interest rates?
Is Africa at growing risk of an economic meltdown? Ed Butler speaks to the head of the IMF's Africa programme, Abe Selassie, about what help those nations in debt trouble need.
Snaking queues have been spreading across Nigeria’s petrol stations after the new president Bola Tinubu announced the end of fuel subsidies on Monday. As panic buyers try to fill up their deposits amid fear of fuel shortages, we hear about the impact this is having on businesses.
After months of negotiations Congress finally votes on raising the US Government's $31.4 trillion debt ceiling. Ed Butler gets the latest from the vote and hears how it will affect those most in need.As inflation in Sri Lanka falls 10%, but remains high at 25.2% we speak to the country's finance minister, Ranjith Siyambalapitiya.And how much is the Women's World Cup worth? FIFA is threatening a blackout if broadcasters don't improve their bids.
We're looking at Asia's two biggest economies: India and China. In India GDP has risen to 6.1% in GDP while China - once called the world's factory for producing cheap goods - is seeing a dip in manufacturing activity.
New research from economists in both Europe and the US shows that corporations are artificially stimulating current high levels of inflation. Ed Butler speaks to one of those behind the studies and asks if the price rises are all entirely justified. We get the latest from Washington as President Biden urges Congress to pass a deal to raise the government's borrowing limit and prevent a potentially catastrophic default on US debt repayments.And we hear the new warnings about the risks posed to humanity by the latest advances in artificial intelligence.
Many business groups including corporate giants such as Google warned Uganda's government of the negative impact the anti-LGBTQ legislation could bring. Homosexual acts are already illegal in Uganda but now anyone convicted faces life imprisonment.
In his inaugural address President Bola Tinubu announced the decades-long subsidy on petroleum products was being scrapped, leading to a rise in the price of petrol. Rahul Tandon finds out what the wider implications will be for the country already facing economic challenges.We speak to the company behind the 3D printed schools being built in Ukraine.And we hear why parents in France may be banned from posting pictures of their children on social media.
Turkey's president Erdogan won a historic third term, seeing off Kemal Kılıçdaroğlu. But its left more questions than answers on the country's future economic direction. And can the US finally get a deal done to avoid a debt crisis?
The US House Speaker says there's been progress in the talks about a deal to raise the government debt limit for two years, and that negotiations with the White House will continue. Kevin McCarthy said the work would carry on until an agreement was reached - but he added this was just the start on cutting spending. The US needs to raise the debt ceiling so it can keep paying its bills and avoid a default that could happen in a week's time.Will Bain talks to the US Chamber of Commerce, billionaire and Republican donor Ken Fisher, and Mark Shepherd, the Mayor of Clearfield in Utah.
With less than a week to go until the deadline is breached, we find out how close we are to a deal between the Democrats and the Republicans. Rahul Tandon gets the economist perspective on how the deal can get over the line.After a year of strikes and union action, we speak to the General Secretary of the European Trade Union Confederation, which represents 45 million workers across the continent.And we heard from Barcelona, where the city's status as a tourist magnet has come under scrutiny.
Nvidia, a US firm which specializes in chips powering artificial intelligence, surged as much as 27% on Thursday, putting the company on course for record performance with a market cap above $900 billion. But where is the future of AI while there are raising concerns about regulating and its safety?The Eurasian Economic Forum continues Moscow. Vladimir Putin is attending alongside leaders from Belarus, Kazakhstan, Kyrgyzstan and Armenia.
As Germany enters recession, Rob Young looks at the key factors behind it and speaks to a manufacturer weathering the storm. With a tense political future and struggling economy, how likely is Pakistan to get the IMF funding it so desperately needs? And as Turkey holds a crucial election runoff we find out why voters are giving the incumbent President Erdoğan another chance.
Ron DeSantis has filed the necessary paperwork to run for the US presidency, saying he's Donald Trump without the drama. Mr DeSantis is expected to be one of the strongest challengers to the current leader in the polling: Donald Trump, despite being some way behind him. Kasia Madera hears from David Kotok, the chair and chief investment officer of Cumberland Advisors - a money management firm in Florida.
Just months after its first ever satellite mission in the UK reached space, Sir Richard Branson's firm has shut down. Will Bain finds out why it failed to take off, and what its collapse tells us about the cost of the space information race.We hear about the business of running a business in one of Kenya's biggest refugee camps.And it's a $2 billion industry, but is the message of gospel being lost in the secular world of commercialism?
Apple have announced a multi-billion-dollar deal with technology and manufacturing company Broadcom to produce 5G components to be used in its products. Kasia Madera hears from Stacy Ragson, Managing Director and Senior Analyst at U.S. Semiconductors and Semiconductor Capital Equipment in L.A.
With many of the banks shut and people unable to work but a ceasefire appearing to hold, we get the latest on the economic situation facing the millions of people in Sudan. Rahul Tandon speaks to someone who has just fled the capital Khartoum.We get reaction to comments from the Secretary General of South Africa’s governing African National Congress party that the country could become a failed state.And we hear from Florida, where the battle between Disney and the Republican governor Ron DeSantis heads to court.
US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling. Kasia Madera hears from Nancy Kimelman, a Professor in Economics at Northeastern University.
The owner of Facebook has been fined $1.3 billion for breaking EU rules on data protection, the largest fine ever handed down under the European Union's General Data Protection Regulation privacy law. Rahul Tandon speaks to the European Data Protection Board chair Dr Andrea Jelinek about why they’ve enforced the fine.We get the latest as China’s chip war escalates as the country bans products from US companies.And we find out how how American singer Jason Derulo made unexpected millions.
G7 countries agreed on more sanctions against Russia and demanded a complete withdrawal of Russian troops from Ukraine. In a statement, leaders from the Group of Seven nations meeting in Japan said they would "starve Russia of G7 technology, industrial equipment and services that support its war machine".Ukraine's President Volodymyr Zelensky has tweeted, saying he's beginning his first-ever visit to the Kingdom of Saudi Arabia "to enhance bilateral relations". While speaking to Arab League leaders, Zelensky has accused some Arab leaders of "turning a blind eye" to Russia's invasion.NASA has awarded the contract to build its astronaut Moon lander to a consortium led by Blue Origin - the space company owned by Amazon founder Jeff Bezos.
Leaders of the G7 group of developed economies have agreed new sanctions against Russia on the first day of their annual summit being held in the Japanese city of Hiroshima. They said the measures would starve Moscow of their technology, industrial equipment, and services that supported its war against Ukraine. The measures will restrict the export of items "critical to Russia on the battlefield". Sanctions will also target groups accused of moving material to the front for Moscow. We examine how effective sanctions can be… US president Joe Biden says he’s confident about reaching a budget agreement with Congress to avoid a default on US debt. Republicans and Democrats have until June 1 agree a deal which would allow the US to borrow more - or, in their language, raise the debt ceiling. Otherwise, the world's biggest economy will default on its $31.4 trillion (£25tn) debt. Experts believe this won’t happen but if it does, says one "it would make the global financial crisis look like a tea party". We report on how some companies are making plans, just in case…And, as Greece goes to the polls to elect a new leader on Sunday, we look at how a country which once needed billions of dollars of IMF funding appears to have dragged itself out of the financial doldrums…or has it?
Florida is going to lose 2,000 jobs as Walt Disney Co is scrapping plans to relocate their staff because of "changing business conditions" in the state. Currently, the company employed more than 75,000 people in Florida, attracts millions of visitors each year to Disney World, and had plans to invest $17 billion to expand the resort over the next decade.
The month-long conflict in Sudan in East Africa is damaging the economies of its neighbours. The United Nations has made a record-breaking appeal for $3 billion worth of support for Sudan. But with thousands fleeing their homes for neighbouring countries, the critical port of Port Sudan virtually out of action, and fears for the security of major oil pipelines that cross the country - the conflict threatens a major regional crisis.The issue of remote versus home-working is once again in the headlines after Twitter and Tesla boss Elon Musk said working from home is ‘morally wrong’ – because it was unfair on those who could not work remotely. More companies are beginning to insist on their employees attending the office more often – with the New York-based asset management company Black Rock the latest to insist that workers go into the office at least four days a week. We look at whether home-working days are numbered…And - a small bakery in France is the proud of owner of a very special accolade - bakers of the best baguette in Paris. Of the 176 baguettes shortlisted for the prestigious prize, it was baguette number 142 from the bakery Au Levain des Pyrenees that proved a cut above the rest. The prize: to bake baguettes for none other than the President, for a year.
The International Monetary Fund has approved a three-year extended credit for the African nation, which will receive an immediate disbursement of about $600 million. We look into the crisis the country is going through and how this funds can help.Also in the programme, we hear the latest from Pakistan, where political instability is affecting the economy. And we ask the Finance Minister of The Philippines, Benjamin Diokno, about the brain drain taking place in his country.
Kenya and Somalia have agreed to reopen their common border after more than a decade, Kenya's interior minister said on Monday as ties warm between the two neighbours following years of tensions. The announcement came after a high-level joint ministerial meeting in Nairobi on cooperation including on security, as well as trade and the movement of people. We hear from a business operating near the border.Japan's economy has had a double boost of good news in the last 24 hours, with stocks reaching their highest level in 33 years and new growth figures show it is emerging from recession AND faster than expected. But will it last...with clouds gathering as other countries face a slowdown in their own economies? And why the precious metal platinum, is becoming even more valuable….
Sam Altman, the CEO of OpenAI, says government regulation is "crucial" to the future of artificial intelligence. The firm that owns ChatGPT says advancements will impact the workforce significantly. We listen to the latest from the AI hearing at the US Senate subcommittee on privacy. Also in the programme, we look into the negotiations happening around the US debt ceiling and Venezuela's attempt to get its foot in the door of the global gas industry. And we find out if this year's edition of the Cannes Film Festival shows any signs of a revitalised movie industry.
EU officials meet India’s foreign minister Subrahmanyam Jaishankar amid concerns over processed imported Russian oil. The EU’s high representative for foreign policy Joseph Borrell says Brussels is aware that India has been buying Russian oil in large volumes and processing it into fuel for sale in Europe. In an interview with the Financial Times, he said the EU should crack down on India reselling Russian oil as refined fuels, including diesel, to Europe. Although the practice is not illegal under the EU sanctions on Russia, the issue is expected to be raised at the first meeting of India-EU Trade and Technology in Brussels, Tuesday.Elsewhere shares in Vodaphone nose-dived after the company announced 11,000 job cuts. The group employs around 100,000 people across Europe and Africa. New boss Margherita Della Valle said the company’s performance was ‘not good enough’. And – we report on the Ghanaian musician Mona Faiz Montrage, aka Hajia4Real, who has been extradited to the US and charged with a $2m romance scam.
Microsoft's plan to buy Activision Blizzard that had been blocked by the UK last month has now been approved by EU regulators. Will the US follow suit? We talk to experts about the consequences the deal could have.Also in the programme, we take a look at the rise and fall of Vice Media, which has just filed for bankruptcy. Once thought to be the future of journalism, firms like Vice and Buzzfeed are now fighting to survive. We find out why.And we listen to how Argentines do business in an economy where inflation stands at 109% and interest rates have been raised to 97%.
Presidential elections in Turkey are heavily affecting the economy. The country's currency has hit a record low against the US dollar today and global investors are watching closely to see how the election results could impact the world’s 19th-largest economy.
Elon Musk has announced his replacement as the chief executive of Twitter.He’s confirmed that NBC Universal executive Linda Yaccarino will succeed him in the role.To take up the post Yaccarino resigned her role at NBC Universal - where she had worked as Chairman of Global Advertising and Partnerships for 12 years. Will Bain speaks to Claire Atkinson, Chief Media Correspondent at Insider, who crossed paths with Linda when they both worked at NBC about what sort of boss she’ll be and the challenges that lay ahead.On Saturday the final of the Eurovision Song Contest will take place in Liverpool in the UK. The city is hosting the annual competition on behalf of last year’s winners, Ukraine, and as music fans from around the world descend on the city, reporter Hannah Mullane, finds out what it means for businesses there.
Rahul Tandon hears about Sunday’s Turkish Presidential election – which is likely to be one of the tightest on record, with the economy at the centre of the campaigns.Pakistan's ex-prime minister Imran Khan is to be freed from custody, a day after the Supreme Court ruled his dramatic arrest on corruption charges was illegal. But the country is running out of money - and this week to add to its financial problems there have been huge protests on the streets following the arrest of the opposition leader. The South African rand stemmed losses on Friday after authorities said the country had not approved any arms shipment to Russia last year.
After more than three years, a controversial Trump-era immigration policy known as Title 42 has been lifted. The policy allowed border officials to turn back many would-be migrants, to help stop the spread of the Covid virus. Simultaneously new rules will come into effect, barring asylum seekers who travel through another country without requesting asylum there first. The BBC’s Mexico, Central America and Cuba correspondent, Will Grant, has the latest from Mexico. Adidas has decided to sell old Yeezy stock and donate some of the proceeds to charity. The company cut ties with the rapper last year over his anti-semitic comments. There is currently thought to be one billion pounds worth of Yeezy stock sitting in Adidas warehouses. Sportswear industry consultant, Ed Stoner, who previously worked at Adidas talks to Will Bain about the thinking behind this decision.Ferrari CEO Benedetto Vigna speaks to the BBC’s International Business Correspondent, Theo Leggett, about how a brand known for speed and supercars is looking to produce greener vehicles.
Rahul Tandon hears about South Africa’s President Cyril Ramphosa’s denials that his government is "sleeping on the job" over crippling power cuts in his country. He said that he believed the country needed emergency power and existing interventions would ease pressure on the grid.On Sunday, voters in South East Asia's second-largest economy - Thailand - will go to the polls in what's being billed as a generation-defining election. And while the country's tourism sector continues to fuel its growth, forecasts for 2023 have been revised downwards because of global economic headwinds.China is seeing more women entering the workplace. In fact more women are becoming business leaders in the world's second largest economy. Recent data from Chinese listed companies shows that the number of women in charge of companies tripled in the last decade.
US inflation eases slightly as the Federal Reserve’s interest rate increases take effect.
Will Bain is presenting and in the programme he is looking into the prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years. Inflation, the pace at which prices rise, was 4.9% over the 12 months to April, official figures show.Toyota, has announced better than expected full-year results in what analysts say is a sign that supply chain disruptions for the industry may be easing as Toyota’s new chief executive Koji Sato has promised to accelerate its electric vehicle push in China.Sudan war is threatening to an important global ingredient, Gum Arabic, which is in almost everything - making the gloss on magazine pages, the froth on beer, binds in ice cream and fizzy drinks - even makes cosmetics and roll up of cigarette papers stick.
Presenter Sam Fenwick speaks to one of Joe Biden's former economic advisers about the debt ceiling which stands at just over thirty one trillion dollars. The President wants to raise it, but he needs the support of the Republicans to do this. Pakistan’s former Prime Minister Imran Khan is arrested in Islamabad. As his supporters come out onto the streets what does this mean for its struggling economy which is desperate need of support from the IMF? And Music streaming site Spotify has removed tens of thousands of songs from artificial intelligence music start-up Boomy after complaints from some users. In recent months the music industry has been confronting the rise of AI-generated songs and the growing number of tracks inundating streaming platforms daily.
Rahul Tandon is presenting and in the programme he is looking into the US president, Joe Biden and the House and Senate leaders of both parties will meet in the White House today to try to break the deadlock over the country's debt ceiling. The Republicans have said they are happy to extend the debt ceiling - but only if President Biden cuts his spending.Chinese officials say they have searched the office of a US consultancy, Capvision, to protect China's own security and development interests. It comes after they investigated another American firm, Bain & Company, and detained Chinese employees of Mintz Group in March. The African Continental Free Trade Area (AfCFTA) agreement is expected to connect some 1.3 billion people under a single market for goods and services. But the initiative is facing challenges including free movement in the continent.
Although Russia's federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period, the government has decided to increase taxes on the industry. The Kremlin is seeking additional money after spending heavily on the war in Ukraine.
Rahul Tandon is presenting and hears about China has warned the European Union not to go ahead with reported plans to impose sanctions on Chinese firms suspected of helping the Russian military. China's foreign ministry spokesperson, Wang Wenbin, said such action would undermine trust and cooperation between China and the EU. As sides in the Sudan meet in Saudi Arabia for peace talks, there are reports from Khartoum suggesting that looting and lawlessness are now having a major impact on access to basic supplies. The car market globally is going through a period of huge change - as the world moves towards electric cars. How fast is that move going to happen and what will it mean for the SUV sector which accounts for over 40 percent of global sales?
The World Health Organisation says Covid- 19 is no longer a global health emergency, after three years of lives and economies turned upside down -- and millions of deaths.Job creation in the US remained robust last month, despite turmoil in the banking sector and the impact of higher borrowing costs. Employers added 253,000 jobs, which was better than many analysts had expected. Millions of people across the UK and beyond are preparing to celebrate the coronation of King Charles III - a symbolic ceremony combining a religious service and pageantry.
The US banking crisis, which has seen three banks collapse, is pushing the price of gold up. Chinese consumers and central bank purchasing the precious metal is adding to its demand. We will be finding out what this means for consumers and retailers. Apple have reported revenue falling by 3% to nearly 95 billion dollars this last quarter - the CEO, Tim Cook has highlighted growth in India as a key market for them. We take a look at why the tech giant is investing a lot on money in the country. The coronation of King Charles the third will be a theatrical affair unlike anything seen for nearly seven decades, and it'll be watched by millions around the world. Our presenter Sam Fenwick will be bringing us the latest on the stories.
The US regional banking sector is coming under renewed pressure amid a crisis in confidence. Trading in the California lender PacWest was briefly suspended as shares fell more than fifty percent, after its owners confirmed it had explored strategic asset sales. The White House has been holding a meeting with tech company bosses to discuss the risks of Artificial Intelligence. The vice president, Kamala Harris, told them they had a legal responsibility to ensure the safety of their products. The British singer-songwriter Ed Sheeran has won Thinking Out Loud copyright case. A New York court ruled today that Mr Sheeran did not copy Marvin Gaye's Let's Get It On when composing the track.
The European Central Bank has raised interest rates to 3.25%, as part of its ongoing efforts to lower inflation in the 20 countries that use the Euro. It is the seventh successive increase. We find out what this means for businesses in the Eurozone. We hear from the CEO of Maersk as their profit figures are released and it shows that the global economy is slowing due to less freight moving around the world. The bosses of the biggest tech companies in the world will meet with US Vice President Kamala Harris at the White House to discuss the future of AI. How will AI be regulated by the government? Our presenter Sam Fenwick will bringing us the latest on all the stories.
The US Central Bank has raised its interest rates to its highest level in 16 years The moves are aimed at stabilising inflation and have pushed the target range for its benchmark rate to 5.25%. Federal Reserve chair Jerome Powell said the US was "getting close or maybe even there" to pausing its rate-hike campaign but was prepared to do more if warranted. But there has been criticism from some economists with one describing the rise as ‘throwing the US labour market under a bus’.We also report on an Israeli food-tech company that has announced it has managed to produce the world's first ever ready-to-cook fish fillet using 3-d printing technology.And – just how does the French Finance Minister find the time to write erotic literature with the country facing a great deal of economic upheaval?
The U.S Federal reserve is expected to raise rates again this week. That would be the 10the straight increase since March of last year. We'll find out what the expected rise will mean for the U.S economy. As the Coronation of King Charles III approaches new coins have started to circulate with his head on them. The BBC have been given exclusive access to the Royal Mint, where the coins are made. And A.I and education learning. The share price of several major education companies has fallen sharply, as the impact of artificial intelligence is being felt in the sector. We hear from the CEO of a language learning app that is thriving from A.I..
Shares on Wall Street have been falling for some banks - trading in PacWest, seen as one of the weakest of the midsized regional banks, was briefly halted for volatility and was down 25 per cent by noon in New York. Western Alliance was down more than 20 per cent. Thousands of Hollywood TV and movie screenwriters are today downing tools after last minute talks broke down over pay. The Writers Guild of America (WGA) strike, the first in 15 years, has seen more than 11,000 writers walking out. Tuesday’s late-night chat shows are expected to be the first to shut down. Forthcoming films could face delays.And we report on the desperate measures people are taking in Sri Lanka - one of the hardest hit economies in the world at the moment. It's economy has collapsed by nearly a fifth in the last three years, and the latest central bank report has suggested further recession is inevitable this year too.
The UN says more than 800,000 people could flee fighting in Sudan for neighbouring countries like Chad, Egypt and the Central African Republic. We will take a look at the economic challenges these countries face. Banking giant HSBC says its profits got a $1.5bn boost from the purchase of collapsed Silicon Valley Bank's British business. They also managed a pre-tax profit more than three times the amount from January to March last year. How did they do it – we’ll take a look. The world football governing body FIFA wants broadcasters to pay for the media rights as their President Gianni Infantino warns that if the UK Spain, France, Italy and Germany, do not improve their offers they won't be able to show the Women's World Cup game.
Customers and former staff praise First Republic’s service as it is taken over by JP Morgan Chase. First Republic had been under pressure since last month, when the collapse of two other US lenders sparked fears about the state of the banking system. Authorities said they hoped the deal would resolve the panic. The failure of San Francisco-based First Republic is the second-largest in US history and the third in the country since March.Hollywood writers and television producer approach a deadline to sign a new contract - or take strike action…the first such action in 15 years.Meanwhile, in France the traditional May Day protests have been given extra momentum due to anger over the pension reforms that have been rammed through parliament by President Emmanuel Macron. Hundreds of thousands of people have taken to the streets in France and violent clashes erupted in some cities; the authorities say more than one hundred police were injured and nearly three hundred people were detained .
Customers and former staff praise First Republic’s service as it is taken over by JP Morgan Chase. First Republic had been under pressure since last month, when the collapse of two other US lenders sparked fears about the state of the banking system. Authorities said they hoped the deal would resolve the panic. The failure of San Francisco-based First Republic is the second-largest in US history and the third in the country since March.Hollywood writers and television producer approach a deadline to sign a new contract - or take strike action…the first such action in 15 years.Meanwhile, in France the traditional May Day protests have been given extra momentum due to anger over the pension reforms that have been rammed through parliament by President Emmanuel Macron. Hundreds of thousands of people have taken to the streets in France and violent clashes erupted in some cities; the authorities say more than one hundred police were injured and nearly three hundred people were detained .
Presenter Sam Fenwick will take a look at First Republic Bank as it has been sold to investment banking giant JP Morgan. First Republic has become the third US bank to collapse this year. Globally there'll be fewer jobs around in the coming five years. Research suggests there could be a net loss of 14 million jobs. We hear from The World Economic Forum as they say says slower economic growth, supply chain shortages and inflation will affect job creation. And we'll find out why Cuba's annual May Day parade in Havana has been cancelled.
The bank's shares plunge by more than 40% as plans for its survival fail to materialise. We ask experts what First Republic's clients can expect as news that the bank might be placed under receivership start to emerge. The US financial sector continues to tremble as the Federal Reserve admits that it failed to act with "sufficient force and urgency" in its oversight of Silicon Valley Bank, which collapsed last month in the country's biggest bank failure since 2008. We find out more about the Fed's latest report on SVB. And we hear about the skills needed to succeed in the music industry from Jason Derulo.
Rahul Tandon hears about Sudanese who are trying to escape from the war and burying their money and gold according to Abdelaziz Musa, who fled to Egypt. Taiwan’s economy sank into recession after shrinking 3% in the first quarter of 2023, worse than projected. This is the fastest pace since the global financial crisis, a sign of how the drop-off in global demand for chips has showed little sign of abating.A controversial Canadian government bill to regulate streaming services has been passed by the Senate and become law. The legislation requires services such as Netflix and Spotify to pay to support Canadian media content, including music and TV shows. It also requires the platforms to promote and recommend Canadian programming, in English, French and indigenous languages.
The US economy grew 1.1% in the year to March, down from 2.6% in the previous quarter. American consumers kept spending despite inflation, contributing to GDP expansion. But growth slowed down as businesses pulled back on investment and hiring. We talk to experts and businesses about the consequences. Also in the show, we take a look at Argentina’s latest interest rate hike, which now stands at 91%, and we hear the latest from the markets.
We are going to devote a lot of the programme to the world 's largest economy.Rahul Tandon hears about the United States economic growth slowing in the last three months. Recent GDP figures show the US economy grew at an annualized rate of 1.1%. That’s down from 2 point 6 percent at the end of last year but does show growth despite fears over a recession.The US House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling which includes sweeping spending cuts over the next decade. But it is unlikely to pass the Senate.Shares in First Republic continue to be volatile as concerns continue over its future. The bank earlier this week announced that it has seen more than 100 billion dollars of withdrawals.
Disney accuses Ron DeSantis of organising a campaign of "government retaliation" as it launches a lawsuit against the Florida Governor and other state officials. Devina Gupta finds out how this court battle might play out.As UK Regulators block the multi-billion dollar deal between Activision Blizzard and Microsoft, we ask what it mean for investors looking to put money into the UK.And we hear from the world’s largest blueberry exporter, Peru, which gained the title in only a decade.
David Harper hears about Microsoft's $68.7bn (£55bn) deal to buy US video game company Activision Blizzard being blocked in the UK by the Competition and Markets Authority. The proposed takeover would see Microsoft acquire such hit titles as Call of Duty and Candy Crush.The Bank of England's top economist has said people in the UK need to accept that they are poorer otherwise prices will continue to rise.The Panama Canal, which connects the Atlantic and Pacific Oceans is one of the world's busiest shipping routes, accounting for around 6% of global maritime trade. But it has a major problem. A severe lack of rainfall has forced the authorities to limit ship traffic for the fifth time during this drought season.
President Joe Biden has confirmed he's going for a second term in next year's election, saying it is a pivotal moment with freedoms and rights under threat. Roger Hearing discusses how the US economy has fared during the Biden presidency and what the challenges are for a second term.We hear about the phenomenon of quiet quitting, where people doing the absolute minimum at work, or just leaving their jobs altogether.And we find out how inflation is hitting the price of sweets.
Rahul Tandon hears about Netflix’s plan to invest two and a half billion dollars in South Korea over the next four years, marking a doubling in its investment since 2016. The announcement from the streaming giant came during a visit by South Korea's president, Yoon Suk Yeol, to the US, and followed talks with Netflix chief executive Ted Sarandos in Washington.US President Joe Biden has announced he will run for re-election in 2024, setting the stage for a potential rematch with Donald Trump. Sugar prices are the highest they have been since 2012 and cocoa prices at their highest since 2016. There are a number of factors at work - including bad weather and the war in Ukraine - which have worked together to create a major headache for the confectionery industry.
The right-wing TV host, Tucker Carlson, leaves Fox News, while another prominent American broadcaster, Don Lemon, is fired by CNN. Roger Hearing finds out what's behind the moves and what it means for the networks.We get the latest on Disney's newest round of job and spending cuts.And we hear just how much of a toll Russia's war in Ukraine and Western sanctions are having on the country's economy as the head of the country’s state owned bank VTB, suggests stakes in state owned companies could be sold in a new privatisation drive.
Rahul Tandon presents as the US asks South Korea to urge its chipmakers not to fill any gap in the market to support its policy on semiconductor chip manufacture. President Yoon Suk YeolI is visiting Washington this week and is expected to discuss the issue with President Biden amid tensions with China.Hundreds of garment workers in Bangladesh have demonstrated for justice as survivors wept on the ruins of Rana Plaza factory that collapsed ten years ago, killing more than 1100 people. As many countries rush to evacuate their nationals from Sudan, we look at the economic importance of the country - which is the third largest gold producer in Africa.
Chile's President Gabriel Boric has said he wants to partially nationalize the country's lithium industry. This comes as there is a high demand for the metal which is used in the production of electric vehicles. Chile is the world's second largest producer of lithium. The New York Stock Exchange is the most valuable stock market in the world. We hear from the Head of International Capital Markets at the NYSE on if rising tensions between China and the US mean that companies from the world's second largest economy are thinking twice about listing in New York. What if we could reverse your biological age or how about the idea of being able to increase our "healthspans" - live our healthy years for longer? Imagine feeling like you're 40 at 60. BBC Click presenter Lara Lewington has been to California and met a tech billionaire, who's trying to do just that.
Sam Fenwick looks into the relationship between climate change and the unusually intense heatwave in India at this time of year.The net worth of Elon Musk, the second wealthiest person on Earth, records a $12.6 billion drop. Are things going to change for the mastermind of Tesla and SpaceX?Employees of German’s national operator Deutsche Bahn and aviation security at three German airports have been on strike, calling for pay rises to battle against the cost of living crisis.
Elon Musk's SpaceX company's new rocket, Starship, has exploded on its first ever flight. The rocket blew up within minutes but the launch was still deemed a success. The Tesla owner has said his company will try again in a couple of months.President Joe Biden has said the US will put another $1 billion into a US climate fund to help tackle climate change in developing countries. Biden announced his plans at the virtual Major Economies Forum on Energy and Climate.Sri Lanka's economy has shrunk by more than a fifth in the past three years - and that's prompted a mass exodus from the country. By some estimates as many as one in twenty-five Sri Lankans have left in the last twelve months alone.
Sam Fenwick hears about the European Commission’s offer to nations which had imposed restrictions on importing cheap grain from Ukraine.Poland, Hungary and several other European countries had taken the action to protect their farming industries.The European Commission had previously warned those nations’ actions wouldn’t be tolerated.Plus the taps are turned on to a new natural gas field in Turkey and the Shanghai Motorshow looks towards electric vehicles.
Apple Chief Executive, Tim Cook, has met with Indian Prime Minister, Narendra Modi, as he is looking for a market growth and investment in India. Tesla shares dropped 2% after the electric-vehicle maker cuts down the price U.S for the sixth time this year. Tesla shares slid further in initial after-market trading on Wednesday following the company's quarterly report. In the UK, people are struggling to pay their bills and are facing more financial pain within weeks after inflation defied predictions by staying in double-figures - at 10.1 per cent.
The latest inflation rate of the UK defied expectations with annual price rises of 10.1%. Food and non-alcoholic drink soared at the fastest rate in 46 years. Meanwhile the inflation in Eurozone eases down to 6.9%.The trial between Fox and Dominion came to a dramatic end as a $787.5 million settlement was reached but the drama is far from over. We take a look at what might happen next.
The US voting technology firm Dominion has settled with Fox News just before their defamation trial was due to begin. Dominion had sought $1.6bn (£1.3bn) from Fox, whom it claimed spread falsehoods about its voting machines in the 2020 presidential election. The final settlement agreed between both parties was for $787.5m.Apple's Chief Executive - Tim Cook - has launched the company's first Indian retail store. He was presented with a vintage Mac, at the store's opening in Mumbai, where people from across India came to participate in the event.The South Korean car company, Kia, has issued a plea to trade unions to drop a formal policy that favours hiring the children of long-time employees. The appeal follows pressure from the South Korean government on large companies to stop handing jobs to relatives of existing employees.
The Chinese government released the nation’s latest economic statistics, showing a 4.5% growth comparing to the same period of 2022. But China’s young labour force, aged 16 to 24, suffers a 19.6% unemployment rate – What will happen when more fresh graduates finish schools this summer?Apple’s Tim Cook flew to India to launch the tech giant’s first physical Apple Store in Mumbai, India. Hundreds of Apple’s fans queued for hours just to be the first ones who step in the new landmark. Apple plans to increase production of iPhones to the world most populated country.
There have been economic tensions between the US and China that has been for some time dominating the news and the involvement of their respective allies. Is this a new trade war that is coming back to the boil?Banks across the board are under pressure again to pay depositors more as interest rates continue to rise in the U.S. The Japanese video game maker, Sega Sammy Holdings has agreed to buy the makers of Angry Birds for nearly 800 million dollars.
With the Russian's invasion still going on in Ukraine, one of the only few options to export goods is going through land borders. But Slovakia just joined Poland and Hungary to ban cheap imports from Ukraine such as dairy, meats and grains, in order to protect their own agriculture industries.The European Commission rejects these nations' decisions and warns unilateral moves will not be tolerated. Japanese gaming tycoon Sega Sammy has just purchased Rovio, the company that created Angry Birds. Why is the deal significant in the mobile gaming world and how can they actually make money out of a free mobile game app?
A twenty-one-year-old US National Guardsman Jack Teixeira has appeared in court in Boston accused of leaking highly-sensitive military intelligence. He’s said to have distributed very damaging intelligence on everything from Ukraine's war plans to Washington spying on its allies like South Korea. But there's one part of this that is especially interesting - it was all initially distributed on Discord, a social media platform, popular with gamers.
Rahul Tandon hears about Brazil’s president Lula da Silva’s remarks on countries moving away from the dollar as he meets with the Chinese president Xi Jinping. The two leaders are expected to sign twenty trade agreements.The International Monetary Fund has projected that the economy of Sub-Saharan Africa will grow by 3.6 per cent in 2023 and accelerate to 4.2 per cent in 2024. Abebe Selassie, Director of the African Department at the IMF tells us more.To France, where the Constitutional Court is due to make a key decision any minute now on President Macron's controversial pension reforms. Macron wants to raise the age of retirement from 62 to 64 but his plan has faced massive opposition from unions and ordinary people.US firms are waiting to pump 'billions of dollars' of cash into the Northern Ireland economy if there’s more political stability there. That’s according to President Biden who is visiting the island of Ireland to mark 25-years since the Good Friday Agreement.
Brazil's President Luiz Inacio Lula da Silva has started his trip to China. The trip's aim is to upgrade relations with China now that Lula is back in office and seek new Chinese investment in the Latin American country.
Today we're going to be talking about debt - not the household debt that you might owe to your bank but the really big stuff - the debt that countries owe to financial institutions and, in some cases, to other countries. And we're talking about it because it's growing all the time - the world is more indebted now than it has ever been. The Covid pandemic triggered the biggest surge in debt around the world since World War II. That is what is being discussed at the IMF and World Bank Spring meetings. where finance ministers, central bankers, CEOs and experts are gathered. Listen to World Business Report to find out more
US inflation fell to 5% last month – the lowest rate since May 2021. March’s monthly consumer price index – which measures the price of a ‘basket’ of goods and services – continued its steady decline from its peak of just over 9%. It prompted US President Joe Biden to tweet that: “Inflation has come down 45% since its summer peak. Gas prices are down, and grocery prices fell last month for the first time since September 2020”. But the slowdown is not expected to sway officials at the Federal Reserve, who set interest rates. Economists are still expecting an increase. They became fashionable during the pandemic...so why are so-called 'blank cheque' companies now being ripped up? Also known as special purpose acquisition companies - or Spacs - they raise cash by listing on the stock market before looking for a private company to merge with. The biggest of them in Europe, Pegasus Europe, is being wound up, prompting fears that Spacs may be reaching the end of the road. And - do you fancy buying a dinosaur skeleton?...because if you do next week is your big chance. The full skeleton of a T-Rex goes to auction in Switzerland. But you'll need a minimum of around $5 million if you fancy bidding. There is, however, some concern about the whole ethics of selling off such rare fossils. Will the public ever get to see it in future - or will fossil ownership simply become another rich person's toy?
Running Twitter has been "quite painful" and "a rollercoaster", Elon Musk has said, in a hastily arranged live interview with the BBC.The multi-billionaire entrepreneur, Elon Musk, said that Running Twitter has been "quite painful" and "a rollercoaster". In an exclusive interview with the BBC he also said he would sell the company if the right person came along.US inflation eased last month to its lowest level in nearly two years, but an uptick in core prices will keep pressure on the Federal Reserve to press ahead with another interest rate increase in May.And, well a pair of trainers once worn by basketball legend Michael Jordan has sold for $2.2m at auction, becoming the priciest shoes ever sold.
Bright or turbulent? Mixed views on the global economy’s prospectsThe IMF and World Bank spring conference has been hearing mixed views on the immediate prospects for the global economy. IMF Chief economist Pierre-Olivier Gourinchas reckons that ‘turbulence is building and the situation is quite fragile’. But U.S. Treasury Secretary Janet Yellen felt that the future looked reasonably bright, and cautioned against ‘overdoing the negativism’.The IMF also raises concerns about the sudden failures of Silicon Valley Bank and Signature Bank in the United States, and the loss of market confidence in Credit Swiss. The fund warned that global financial stability risks have increased rapidly in the last few months because banks didn't prepare adequately for interest rates increases. And – we report on a novel way of increasing productivity in Bangladesh – providing workers with free glasses to improve their eyesight.
Rahul Tandon hears from experts as the International Monetary Fund says central bank financial stability actions should not take precedence over moves to calm inflation, unless a severe financial crisis occurs.It’s also released a report saying Interest rates in major economies are expected to return to pre-pandemic levels.Meanwhile as many as 93% of the countries most vulnerable to climate disasters are either in or at significant risk of debt distress - according to research by ActionAid International.Switzerland's president, Alain Berset, says the government had no choice but to order the takeover of the troubled bank, Credit Suisse by its rival UBS, so as to prevent a financial crisis.
The spring meetings of the International Monetary Fund and the World Bank are beginning in Washington - the major global financial institutions are gathering at a time of profound concern about the problem of persistent inflation, and concern about the health of the banking system after a number of failures of regional banks and wobbles in giant finance houses like Credit Suisse and Deutsche Bank.President Joe Biden arrives in the province on Tuesday to join ceremonies marking the 25th anniversary of the Good Friday peace agreement. He will be meeting business leaders there - and that's significant because business problems with the post-Brexit arrangements in Northern Ireland have been a big factor in the current failure to re-establish devolved government.And Jorge Luis Borges was Argentina's most famous writer - his works, including The Book of Sand, The Aleph and Universal History of Infamy, and he was a key figure in Spanish-language and international literature. He died in 1986 and his wife Maria Kodama became the fervent guardian of his literary estate. She was very strict over how her husband's work could be used, but she died at the end of March, and didn't leave a will. So now rights to the works of have fallen into limbo...
Bytedance, a parent company with TikTok, which operates in China, has recorded 79% increase in its profits to around $25 billion dollars last year. Meanwhile China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds. And also - why are people in India consuming more ice cream in Winter?
Samsung blames a fall in profits on reduced demand for semiconductors and a slowing economy. Will Bain asks why have we gone from shortages to surplus.We find out how ChatGPT could be in legal hot water over a defamation lawsuit in Australia.And it's 25 years since the Good Friday Agreement, what has it meant for businesses in Northern Ireland.
Samsung Electronics announced that it would make a "meaningful" cut to chip production after flagging a 96% plunge in quarterly operating profit.The chip-making giant said sales had dropped sharply due to a slow global economy and less demand after Covid.
IMF Chief Kristalina Georgieva says the next 5 years will see 3% growth, the slowest pace for more than 3 decades. Will Bain asks a former IMF official why the institution is making this warning now.We hear from India as Central Bank there holds interest rates, the 2nd economy to do so in recent days following Australia.And we gets the latest on the civil war engulfing golf, as the US Masters gets underway with 18 players from the Saudi-backed LIV taking part.
Since January this year, hundreds of thousands of people have walked out across France in protest of proposed changes to the national pension age. France's unions have stepped up action against the unpopular reforms. The protests have made moving around cities difficult with regular traffic jams, train and flight delays.
Police forces around the world have launched what's being called a major joint operation to dismantle one of the biggest criminal marketplaces online. Genesis Market is thought to have sold personal information stolen from more than two million people in the past six years or so. The details have allowed fraudsters to impersonate their victims online without raising suspicions. Often costing less than $1, the personal information let fraudsters log into bank and shopping accounts.Law enforcement agencies from 17 countries were involved in the raids, which began at dawn on Tuesday. The operation was led by the FBI in the US and the Dutch National Police, working alongside the NCA in the UK, the Australian Federal Police, and countries across Europe. Globally, 200 searches were carried out and 120 people were arrested.We hear from a lawyer representing thousands of tens of thousands of claimants who say they've been affected by Johnson and Johnson's trademarked talcum powder product. The claimants are considering a $9 BILLION settlement over claims that the talc-based powder caused cancer. And, Sri Lanka's economic crisis is having a devastating effect on what used to be one of Asia's most successful emerging economies. It's shrunk by a fifth in the last 3 years alone. And that's having an impact on the population, hundreds of thousands of whom are simply packing up to leave the island. We speak to some of them leaving – and those left behind.
Three leading grain exporters have announced they will no longer handle Russian grain exports. From July, the companies will only charter cargo ships for agricultural shipments from Russia.The move has stoked fresh concerns about global food security and increasing prices.
The former US President Donald Trump has pleaded not guilty to criminal charges. It’s the latest legal battle he faces. Will it put a strain on Trump’s $2.5 billion business empire?Trump denied the charges during an hour-long court hearing in New York. He stands accused of falsifying records to conceal crimes. The charges focus on hush money paid to porn actress Stormy Daniels before the 2016 election.Donald Trump faces other investigations away from the criminal courts, piling pressure on the former Republican President as he prepares to stand again in the next election in 2024 as well as leading a huge business, running golf clubs, hotels and a property portfolio.And – Is the party is over for many of the world’s richest people. Forbes billionaires list has just come out and shows that half of billionaires on the list lost their wealth and got kicked off the list. For the second straight year, both the number of billionaires around the globe has declined, and total billionaire wealth has dropped too –down by $500 billion to $12.2 trillion.
The former US President Donald Trump has pleaded not guilty to criminal charges. It’s the latest legal battle he faces. Will it put a strain on Trump’s $2.5 billion business empire?Trump denied the charges during an hour-long court hearing in New York. He stands accused of falsifying records to conceal crimes. The charges focus on hush money paid to porn actress Stormy Daniels before the 2016 election.Donald Trump faces other investigations away from the criminal courts, piling pressure on the former Republican President as he prepares to stand again in the next election in 2024 as well as leading a huge business, running golf clubs, hotels and a property portfolio.And – what makes a great company? We take a look at a new list of the top 100 companies to work for….
Furious investors have criticised Credit Suisse chairman Alex Lehmann, at the bank’s final shareholder meeting.Mr Lehmann apologised to the audience and explained why he thought the bank had failed.
Oil prices have surged after several of the world’s largest exporters announced a cut in production. Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a million barrels per day until the end of the year. The price of Brent has risen by almost 6% as a result to around $85 a barrel. The cutback in production caught the rest of the world by surprise – not least in the US, which had been calling for an increase. Today oil producers in the US have been giving their reaction. The French President, Emmanuel Macron is on his way to Beijing, aiming to build bridges between his country and China, just as the world's second-largest economy gets closer to Russia. Also heading there is the European Commission President, Ursula Von Der Leyen. Both she and President Macron will be meeting with President Xi on Wednesday. But while Macron seemingly wants to improve diplomatic relations, Von Der Leyen has been taking a spikier approach of late.The cost of living crisis may be blighting livelihoods, indeed national economies all round the world, but there's at least one business that does seem to be booming at the moment. Weddings. Post pandemic the number of weddings is surging, a 60% increase compared to 2020 in the US, it's thought and by some estimates the global industry could quadruple over the next decade.
Oil prices have surged after several of the world’s largest exporters announced a cut in production. Saudi Arabia, Iraq and several Gulf states announced they were cutting output by more than a million barrels of oil a day. Also, Russia said it will extend its cut of half a million barrels per day until the end of the year. The price of Brent has risen by almost 6% as a result to around $85 a barrel. The cutback in production caught the rest of the world by surprise – not least in the US, which had been calling for an increase. Today oil producers in the US have been giving their reaction. Also – we look at 50 years of the barcode…technology which transformed the global supply chain.
Oil prices have surged after Saudi Arabia, Iraq and several Gulf states said on Sunday they were cutting output by more than one million barrels of oil a day. In addition, Russia said it will extend its cut of half a million barrels per day until the end of the year. Now markets are raising concerns about petrol prices which is again demonstrating the dependence of the global economy from the oil industry.
Under the new US guidance other carmakers would be able to partake in a subsidy for electric vehicles purchases if it meets a threshold set by the government for sourcing and processing components. The board of the International Monetary Fund has approved a four year package of loans for Ukraine, worth $15 billion. The IMF said the money would help ensure Ukraine's financial stability. Going to college is an expensive business - especially in the US. A recent poll found a majority of Americans don’t think a college degree is worth the cost - 56% of Americans think earning a four-year degree is a bad bet compared with 42% who retain faith in the credential. We hear from an NYU graduate.
Following similar moves by the US and the Netherlands, Japan announces measures that could restrict the supply of semiconductors to China. Rahul Tandon finds out why the country is taking these steps now.As the IPL gets underway we take a look at how the broadcast deal for the world's richest cricket competition compares to other sports.And, are you one of the billions of Candy Crush players? We hear from the boss of the company behind the game on a potential takeover from Microsoft.
Banks with between $100 billion and $250 billion in assets are going to need to hold more liquid assets, increase their capital, submit to regular stress tests and write "living wills" according to President Joe Biden's latest plans to keep US banks afloat. We take a look at one of the world’s fastest ageing countries – Japan. Less than 800,000 births were reported in the country last year which has prompted the government to plan more incentives for family planning for young couples. Also we hear from an attorney in Orlando as Disney have managed to sidestep Florida's governors board plans with a clause that involves King Charles III.
The 4 bank executives the Zurich branch of Gazprombank were found guilty allowing a friend of Vladimir Putin to deposit huge sums in Swiss banks. Rahul Tandon asks if the Swiss Government could have done more to prevent it happening.We get the latest as the International Court of Justice rules on a claim from Iran that Washington illegally allowed courts to freeze assets of Iranian companies.And we find out how much tax Premier League football clubs may have avoided paying.
The US is building stronger relationships in Ghana, Tanzania and Zambia as Kamala Harris takes a tour of Africa and announces more investment on the continent as the US government attempts to play catch up as it sees countries like China and Russia making big investments.
A group of experts, including likes of Elon Musk and the Apple co-founder Steve Wozniak have signed an open letter calling for a 6 month pause on the development of AI technologies. David Harper speaks to one of the signatories about their concerns over the future of the technology.The BBC's Economics Editor Faisal Islam tells us about the risk social media poses to banks following the demise of Silicon Valley Bank.And can Amsterdam tidy up its image? A new campaign is looking at deterring rowdy tourists visiting the Dutch capital.
The US Senate's banking committee had some blunt questions for US bank regulators including those from the central bank, the Federal Reserve about how they didn't spot the collapse of Silicon Valley Bank.Now they’ll be lots of questions about whether more regulation is needed.
Rahul Tandon speaks to one of the authors of a new report that looks at how much is China lending to the world and asks if it is putting countries into debt traps.We get the latest as one of world's biggest internet companies, the Chinese firm, Alibaba, says it's splitting up into six separate businesses.And we hear from France as protests against pension reforms enter a 10th day.
After a few weeks of bad news about bank failures, financial markets are slowly coming back to normal. Central banks around the world have stressed that the banking system is safe and lenders are well capitalised. Analysts, however, admit that risks to financial stability have increased.
Today, there are protests in Kenya over the rising cost of living and in Germany, two of the country's biggest trade unions are holding a 24 hour strike over pay. Most flights, trains, ferries and buses have been cancelled. Workers want at least a 10% boost to their salaries, to help them cope with rapidly rising prices in Germany.
Our presenter Roger Hearing discusses the banking crisis as high profile investors fear there are more pockets of distress yet to emerge after the collapse of Silicon Valley Bank, Signature Bank and problems at Credit Suisse. Museums come under the spotlight as the Acropolis Museum in Athens today welcomed back three fragments of the Parthenon marbles from the Vatican in a special ceremony. Many Greeks think more of its ancient treasures should be brought back home and not kept in foreign museums. And we head to Peru, where at least 13,000 people are struggling with damages caused by cyclone Yaku. It’s been a week since this rare phenomenon hit the country, but rains and landslides persist.
Our presenter Will Bain we be taking a look at Europe's Banking situation as Deutsche Banks shares fell by 14% and other banks are struggling. We will be hearing from the former head of the European Central Bank Peter Hahn on what he thinks is going wrong. The China Development Forum returns for the first time in person since before the pandemic. The event is usually attended by foreign representatives from across the world, however this year some US companies won't be attending. Popular TV show Succession is back on our screens. People absolutely love the show but what is it about boardroom drama that keeps us wanting more, we find out from a TV expert. (Picture: Economy graph: red down arrow, cash euro banknotes and stock exchange board.
Our presenter Will Bain we be taking a look at Europe's Banking situation as Deutsche Banks shares fell by 14% and other banks are struggling. We will be hearing from the former head of the European Central Bank Peter Hahn on what he thinks is going wrong. The China Development Forum returns for the first time in person since before the pandemic. The event is usually attended by foreign representatives from across the world, however this year some US companies won't be attending. Popular TV show Succession is back on our screens. People absolutely love the show but what is it about boardroom drama that keeps us wanting more, we find out from a TV expert.
The Chinese app's boss, Shou Zi Chew, tried to defend the firm during a hostile questioning from the US House Committee on Energy and Commerce. We analyse what we learnt about TikTok from the hearing.
TikTok's boss Shou Zi Chew faced a grilling by the US congress over the safety of the social media app. TikTok is owned by Chinese company ByteDance and there are fears that the owners will share data with the Chinese government. The video hosting service has 150 million US users. The European Commission has drafted a plan to allow the sales of new cars with internal combustion engines after 2035 if they run only on climate neutral e-fuels. This means carmakers could keep selling combustion engine vehicles after 2035, the date when a planned EU law is set to ban the sale of new CO2-emitting cars. It is the Muslim holy month of Ramadan and its comes as cost of living has gone up around the world with food, fuel and gas prices up. Millions of Muslims around the world who are fasting are feeling the pinch of inflation.
For the ninth time in a row, the US Federal Reserve has increased interest rates, up by 0.25%. Announcing the rise Federal Reserve chairman Jerome Powell said the Fed is focused on tackling inflation. Roger Hearing gets reaction from both Wall Street and Main Street to the news.Argentina's economy expanded in the fourth-quarter of 2022, despite inflation of 102% in the country. We hear what's behind the economic growth in the face of huge pressures.And we get the latest from Florida, where the world's first launch of a 3D printed rocket is due to take place.
The US Federal Reserve will decided on whether to raise interest rate as they struggle to stabilise prices due to the rising cost of living. The collapse of two regional banks this months has highlighted their risks. Ukraine has reached an agreement with the International Monetary Fund to secure more than 15 billion dollars worth of loans to help support the country's economy. In Somalia as Ramadan begins, Muslims who usually break a dawn-to-dusk fast with lavish family meals, are now stressed to secure even the most basic diets due to rising food costs.
Russia is looking to sign an agreement with China to build a new pipeline through Siberia. Moscow put forward the idea many years ago, but it has gained urgency as it turns to China to replace Europe as its main gas customer. Google is rolling out it’s AI Chat Bard. It can access up-to-date information from the internet and has a "Google it" button which accesses search. Ramadan, the month of fasting for Muslims is about to get underway. Dates are one fruit that is much sought after to break the fast and we hear from an Egyptian company that exports the fruit across the world.Presenter Roger Hearing brings you up to date with the main global business stories.
IMF has approved a $3bn bailout package for the bankrupted Sri Lanka. The nation's foreign minister pledged to reconstruct its state-own enterprises and their national airline but it seems like there is still a long road ahead for the island in South Asia, after getting multiple blows by the pandemic, increasing energy prices, tax cuts and the skyrocketed inflation.BBC’s lead presenter Ed Butler joins Will Bain from Columbo, the nation's capital, to find out what is coming next for some 22 million Sri Lankans. How would things change?
Sri Lanka has secured a $2.9bn bailout from the International Monetary Fund as it faces its worst economic and social crisis since independence. A day after UBS Bank brought Credit Suisse out of financial trouble uncertainty in the markets have calmed down. The former finance Minister of Canada Joe Oliver gives his take on if politicians can have much influence on a financial crisis... China's leader Xi Jinping showed the importance of close relations between Russia and China at a dinner hosted by Vladimir Putin on Monday. This comes days after an international court called for the Russian president's arrest for war crimes in Ukrain.
Banking stocks remain under pressure in London and across Europe today after the takeover of Credit Suisse by rival Swiss bank UBS failed to calm markets.Will Bain talks to companies affected and financial experts about the implications for the global financial system.
Half a trillion dollars have been wiped from the value of bank shares around the world as financial shocks dived this week. The fallout is ongoing after the collapse of Silicon Valley Bank (SVB) spreads through global markets.The authorities are stepping in to get the situation under control, but some deposit holders are still feeling nervous. For now, many analysts say they think the shock will be contained.
Another bank bail-out has taken place this week. 11 giant US financial institutions said they will deposit $30 billion dollars in California’s First Republic Bank, to try to revive it from a whirling financial storm. Familiar names like J.P. Morgan and Citi are among those institutions which join the unusual bail-out campaign. US treasurer Janet Yellen reassured markets that banks in the US are still strong and healthy.The French government strongarmed their lawmakers to push its controversial pension reform package through on Thursday, sparking another wave of protests in many cities. The unions are now calling for another national strike next Thursday. Will President Macron back down again?
Another bank bail-out has taken place this week. 11 giant US financial institutions said they will deposit $30 billion dollars in California’s First Republic Bank, to try to revive it from a whirling financial storm. Familiar names like J.P. Morgan and Citi are among those institutions which join the unusual bail-out campaign. US treasurer Janet Yellen reassured markets that banks in the US are still strong and healthy.The French government strongarmed their lawmakers to push its controversial pension reform package through on Thursday, sparking another wave of protests in many cities. The unions are now calling for another national strike next Thursday. Will President Macron back down again?
Eleven US major private banks have confirmed they have launched a thirty-billion-dollar rescue package for First Republic Bank.And what about those who never use banks at all? We hear about the challenges for the billions of unbanked people and businesses around the world.Protests in Paris as the French president pushes through controversial plans to raise the pension age to 64.And why sleeper trains are being revived across Europe from a 'slow travel' company founder.
Credit Suisse accepted a $54 billion bailout fund from Switzerland’s Central Bank, after its share price plunged up to 30% on Wednesday. The nation’s second largest bank’s stock price rebounded on Thursday but with issues surrounding the bank for years, investors are asking if the bailout money will save it from more trouble.Despite the bank crisis in Europe, The European Central Bank has decided to raise Eurozone interests rate by 0.5 percentage points. Meanwhile in the UK, Tik Tok has been banned in all government devices – following similar moves in the EU and elsewhere.(Picture: Getty Images)
Credit Suisse could be in line for support from regulators if it is needed. The comments from the Swiss National Bank come after shares in Credit Suisse plunged 24% to a record low. Banks in Lebanon are facing a crisis with depositors holding some up to get their deposits out. We hear about the fallout from a former finance minister.Argentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s. Consumer goods have more than doubled in price since 2022.We hear what this means for people finances.
Credit Suisse could be in line for support from regulators if it is needed. The comments from the Swiss National Bank come after shares in Credit Suisse plunged 24% to a record low. Banks in Lebanon are facing a crisis with depositors holding some up to get their deposits out. We hear about the fallout from a former finance minister.Argentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s. Consumer goods have more than doubled in price since 2022, and we hear what this means for people finances.
The share price of Credit Suisse took another nosedive in the markets, hitting its all-time low for the second consecutive day by tanking up to 30% as Saudi National Bank, the Swiss bank's largest backer, ruled out the possibility of further financial help.Share indexes across the world including the UK's FTSE-100, the US's Dow Jones and Nasdaq have been all down as Credit Suisse put more pressure on an already-anxious market.Is Credit Suisse at risk of following Silicon Valley Bank and Signature Bank's footsteps? What impact would that have globally if it happened?In the Middle East, Lebanese banks are on indefinite strike now. Nasser Saidi, the nation’s former finance minister, will paint us a picture of what’s going on there in today's programme.(Picture: BBC)
Meta, which owns Facebook, Instagram and WhatsApp, is cutting 10,000 jobs. The tech giant laid off 11,000 employees last November.China is to start issuing tourist visas to travellers for the first time in three years. The last cross-border control measure was imposed to guard against Covid-19 and comes after authorities declared victory over the virus. It's a month after a devastating earthquake killed nearly 50,000 people in southern Turkey. Plans to rebuild the economy from the Syrian side of the border are underway. We hear the story of one child worker called Abdullah and how he is dealing with the aftermath of the quake.
As the US bank crisis has unfolded in recent days, the global market has been rattled, but it looks like investors are now digesting the news about Silicon Valley Bank and Signature Bank, as regional bank share surges.The Nikkei share index dropped by more than 2% but some experts are saying this crisis is nothing like the one in 2008.How big will the fallout be? Will the crisis alter the US Federal Reserve’s thinking on interest rate rises?(Picture: Getty Images)
President Biden has said the US banking system remains safe, after the failure of the California-based Silicon Valley Bank.In a televised address from the White House, Mr Biden said his administration had acted to ensure that SVB customers would be able to get all their money.It is the largest failure of a US bank since the financial crisis in 2008.
Over the weekend, Signature Bank was closed by the US regulator - the second closure in the past few days following the shutdown of Silicon Valley Bank.HSBC’s UK arm has bought SVB’s UK subsidiary for a pound and finance minister Jeremy Hunt reassured all companies can access normal banking services at SVB UK.US President Joe Biden has pledged to the public that their deposits would be protected, and people will continue to have access to their money but it seems like some investors smell blood in the water. First Republic Bank saw its shares crash 74 percent. Other banks are down sharply.So what has happened in recent days and should we brace for impact for a full-blown financial crisis?
US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008.The moves came as the firm, a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates.Its troubles prompted a rush of customer withdrawals and sparked fears about the state of the banking sector. The most important issue is what will happen with the deposit holders and will they be able to get their money back.
Shares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plunged after it announced plans to shore up its finances. Ed Butler finds out why other global shares have also suffered.Iran and Saudi Arabia have agreed to re-establish diplomatic relations after seven years in a deal brokered by China seeking to reduce tensions in the oil-rich region. And we bring you a UN breakthrough on a long and apparently intractable argument over a stranded oil tanker around the Gulf of Aden.Also It’s the Oscars this weekend and every award season celebrities are invited to gifting suites where they can select free stuff in return for endorsements.
The European Commission has replied to the US Inflation Reduction Act, a $369 billion programme of green subsidies, by loosening rules and allowing member states to offer companies as much government funding as they would get if they relocated to the US. We find out if this will help prevent an exodus of businesses working on green projects. And as the Georgian government takes a step back in its plans to push ahead a controversial legislation on foreign agents, we explore how the economy is doing.
Joe Biden is today unveiling a new federal budget - one that he says would cut deficits by nearly $3tn over the next decade.China's annual consumer inflation slowed to its lowest rate in a year in February. Russia has been making a push to win friends in Africa by offering free giveaways. This week Malawi was pledged 25,000 tonnes of free-fertiliser, a prime commodity for Malawi farmer. And report from central African Republic, a landlocked country in the heart of the continent, where people are struggling to cope with a recent sharp increase in the price of petrol and diesel.
Pakistan continues to face economic uncertainty after talks with the International Monetary Fund fail to come to a resolution. It comes as another car manufacturer in Pakistan stops production because it can't obtain the parts and raw materials it needs. China is likely to continue its economic and defensive co-operation with Moscow, despite pressure from western nations. We examine what this means for the Russia's invasion of Ukraine. Rising rents are fuelling a cost of living crisis in Australia. Demand for affordable accommodation far exceeds the available supply of properties and its causing something called rental stress where households spend more than 30 per cent of their gross income on rent.
As the Black Sea grain deal comes to an end in 10 days, the UN Secretary General, Antonio Guterres, is in Ukraine to meet President Zelensky in an effort to safeguard the crucial grain export deal. How much of a difference for East Africa has last year's Ukrainian grain deal made? We will find out from Kenya. Four bankers, three of them Russians, are in court in Switzerland this week, facing charges that they helped to launder millions of dollars’ worth of investments.In Australia, rising rents are fuelling a cost of living crisis and according to charities pushing people towards homelessness.
The head of the US Federal Reserve Jerome Powell says he may have to raise interest rates after strong economic data. There is growing concern in the US that Tik Tok could share users sensitive information with the authorities in Beijing. Sri Lanka's government expects an IMF deal in place soon to resolve its economic woes.
Millions have taken to the streets across France, bringing planes and public transport networks to a standstill, as a backlash continues over planned pension reforms. The country's government insists raising the minimum pension age is necessary. But economists have cast doubt over whether the protests will have their intended effect.
We are looking close at the National People's Congress (NPC), a rubber-stamp parliament, which is due to confirm President Xi Jinping's third term.The 'Two Sessions' as they are known, are the annual meetings of the National People's Congress and the Chinese People's Political Consultative Committee. From a business and economics point of view, it's where the big decisions are rubber-stamped.It's where Xi Jinping will be officially elected President, as we've just heard the new Premier - Li Qiang - will also be unveiled, and there's been an increase in military spending by more than 7%. From a World Business Report point of view, though, the crucial announcement that caught our eye was a 5% growth target for the next year. That's China's lowest target for more than three decades.(Picture: The Great Hall of the People,Beijing,China. Picture Credit: Getty Images)
Political leaders in Beijing have downgraded China's growth target to its lowest in decades. Meanwhile, military spending has increased by 7%. So what would a steadily-growing China mean for the global economy?
This year’s “Two Sessions” annual parliamentary gathering in Beijing takes places over the weekend, with one of the largest government reshuffles in a decade expected. We get the latest on what's in store for the weekend ahead and what it means for economies around the world.We hear about the standoff between a group of airlines and the Dutch government over a cut to the number of flights through Amsterdam's Schiphol Airport.And how much would you spend on a 300 year-old violin? One up for auction in New York could fetch up to $10 million, and our reporter got to play it.
Nigeria's Supreme Court in a ruling Friday, said a presidential directive to discontinue the use of old naira notes following a redesign was illegal. The court said the old banknotes should continue to be legal tender, alongside new versions, until the end of this year.Not enough of the new notes were released, leading to widespread anger and frustration.Many people were unable to get cash to pay for food and slept outside banks.
As the country waits on funds from the IMF, Pakistan's currency hits a historic low against the dollar and the Central Bank raises interest rates to 20%. We speak to the former Deputy Governor at Pakistan's Central Bank and a former IMF official to get perspectives from both sides.We get reaction from the G20 meeting in India as angry exchanges over Russia's war in Ukraine dominated the talks.And we hear about the new trend of de-influencers, telling us what not to buy.
In sectors in Africa such as technology, fibre and broadband there needs to be a commitment to boosting the already entrepreneurship spirit of the continent. We hear from Nigerian and South African youths about what they want to see change as unemployment rises in their countries. Pakistan is in a financial crisis as the rupee hit historic lows against the dollar. Inflation is decades high and it's not going to come down any time soon. The Mobile World Congress trade fair started in Barcelona, Spain on Monday. We take a look at all of their latest gadgets and what the future of the industry will look like.
Sri Lanka workers defy strike ban to protest IMF bailout plan which is hitting their wallets. President Ranil Wickremesinghe is facing a public backlash over steep tax increases and spending cuts imposed to secure the IMF funding.Bola Ahmed Tinubu has been declared Nigeria’s president elect but he inherits a country facing challenges including insecurity, unemployment and rising inflation.We hear from the man helping him shape his response to perhaps his biggest challenge, turning Africa's largest economy around.(Picture: An elephant mahout riding elephants in the forest. Picture Credit: Getty Images)
Bola Tinubu has won a tight race to succeed Muhammadu Buhari as the next president of Nigeria. The 70-year-old veteran politician received 37% of the vote. We hear from local businesses in Nigeria about the challenges they face and what they want to see change. Supermarket owners in Lebanon have started pricing their goods in dollars after the lira hit another record low, trading at more than eighty thousand to the dollar on the parallel market. We also head to China as they have released its Purchasing Manager's Index which is an indicator for the country's manufacturing sector. It's great news for the Chinese economy as it turns out their factory activity has expanded at its fastest pace in more than a decade!
Mexico President Andres Manuel Lopez Obrador said the plant for the electric car firm would be in Monterrey, which is about a nine-hour drive from Texas. Tesla is expected to share more in presentation to investors on Wednesday.
Beijing has accused the United States of overstretching the concept of national security, after the White House ordered government agencies to wipe TikTok from federal devices within thirty days. We find out why the US is so worried about the risks the app poses.Latest GDP figures from India show that Asia's third largest economy grew at a rate of 13.5% in April to June, but has slowed since. We hear from Mumbai about how the year ahead looks for the nation's economy.And we hear how striking workers in Sri Lanka risk losing their jobs if they take part in planned national protests.
The UK and the EU reached a deal after months of talks over contentious post-Brexit trade rules for Northern Ireland. Details are now being pored over by lawmakers on both sides of the English Channel, but the plan is aimed at easing customs red-tape, equalizing some tax rules across the United Kingdom, and giving Northern Ireland’s lawmakers more of a say over the future of the arrangement.
UK Prime Minister Rishi Sunak and the European Commission President, Ursula von der Leyen, announced they've reached a deal to revise post-Brexit trading arrangements in Northern Ireland. Mr Sunak says today's agreement marks a "new chapter" in the UK's relationship with the EU. We hear from business owners and economists about what the news means for the future of the economy in Northern Ireland.We get the latest on the story of Bao Fan, the missing Billionaire technology dealmaker in China. His employer now say he's cooperating with Chinese authorities conducting an investigation.And as the World Bank and the Kenyan Ministry of Energy meet to discuss a road map for African governments looking to tap solar electricity, we hear from the BBC Africa Business Editor about how it will be mapped out.
Ukraine's year of war has brought about huge challenges for the country and the rest of the world's access to energy.Russia's dominance of Europe in this area meant big headaches for countries trying to wean themselves off Russia's oil and gas.There were fears of power cuts and freezing homes in Germany, Poland and elsewhere. One year on, did those fears become reality?
Twelve months since Russian tanks rolled into Ukraine, farmers and food supply experts explain why the global impact of the invasion is still being felt. We speak to Oleg Ustenko, an economic advisor to President Zelensky. Also, a look ahead to Nigeria's national election.
Former boss of collapsed crypto exchange FTX faces four new criminal charges accusing him of conspiring to make illegal political donations and to commit bank fraud.Sam Bankman-Fried has already pleaded not guilty to defrauding customers and investors. FTX filed for bankruptcy last year, leaving many users unable to withdraw their funds.Mr Bankman-Fried now faces a total of 12 criminal charges.
The South African government has agreed to take on $23bn of debt from the state power company Eskom. We speak to a former executive about how this move will help the country avoid continued blackouts.A new regulating body for Football in England aims to keep the boardroom finances in check, and give the fans more of a say. We speak to one club owner about how it could impact clubs competing in the global sport industry.And what makes milk, milk? The Food and Drug Administration in the US has now issued draft guidance that plant-based alternatives could now be marketed as milk.
Seattle, in the US state of Washington, has become the first American city to outlaw prejudice based on India's caste system. It's a big moment for South Asian diaspora. Elsewhere, Italy's authorities are considering whether to send Facebook's parent company a $900 billion tax bill. Meta insists it's up to date with all its liabilities.
Residents of Hong Kong are to receive a third round of consumption vouchers, aimed at boosting consumer spending. We look at the economic pressures on the special administrative region, and how much difference new measures are likely to make.
A year since Russia invaded, millions of Ukrainians are still displaced around the globe. Away from the immediate horror of the conflict, it's presented challenges and opportunities for host countries, refugees, and their businesses. What does this population shift mean for Europe and beyond?
In his state of the nation speech, Vladimir Putin has blamed the West for provoking Russia's invasion of Ukraine. We ask what is the state of the Russian economy after one year of the war?We hear from one of the world's biggest cryptocurrency exchanges on the future of regulation in the industry.And does a shorter working week make us more productive? The world's biggest trial of a four day working week suggests it doesn't harm the performance of companies and leaves employees feeling healthier and happier.
US President Joe Biden has pledged a further $450 million in assistance to Ukraine. But back at home, questions are being raised over how long such support can continue. Also on the programme, why Hong Kong is becoming a global player in the crypto market.
The US president made a new pledge to ramp up sanctions, on his first visit to the country since the invasion. We hear from Estonia's foreign minister about how sanctions can be used to rebuild Ukraine.With just days to go until the Nigerian election, we speak to a group of young people about why more and more of them are leaving the country to pursue work opportunities elsewhere.And Scottish craft brewer BrewDog likes to claim it's beer is for everyone, and now it'll test that theory as it expands into China.
The annual Munich Security Conference has begun just days before the first anniversary of Russia's invasion. At the conference, German Chancellor Olaf Scholz hinted Germany will soon be able to deploy its first Leopard tanks to Ukraine.We'll also hear how some of the biggest names in tech will face some of the strictest rules in the world on protecting users privacy.
World leaders including the Ukrainian President are gathered in Germany for the Munich Security Conference. It's seen as the leading global gathering on defence matters, at a time when security issues are high on everyone's agenda.Participants at the conference include 40 heads of state and government and nearly 100 ministers.Russia has not been invited this year, nor has Iran - but China is sending one of its top diplomats. Also in the programme – news from the start of London Fashion week as second hand clothing takes to the catwalk. As a sign of the times perhaps as much of the world goes through a cost of living crisis.
The Governor of the Central Bank of Nigeria Godwin Emefiele, has directed banks to make the old 200 naira notes available from today following President Muhammadu Buhari's extension until April 10.And in Lebanon, furious protests have continued to explode on the streets of the capital Beirut with people setting fire to bank branches which remain closed, and refuse to allow withdrawals.
Nigeria's currency swap is causing unrest among its people. Three months ago the government introduced newly designed notes or Naira - and asked people to swap their old notes. The deadline for that was supposed to be last Friday. But not enough new notes have been released, leaving many without cash to pay for vital items.We also look at Argentina's eye-wateringly high inflation rate.
The EU have announced nearly $12 billion of sanctions aimed at weakening Moscow’s ability to maintain its “war machine” through trade bans and technology export controls. We find out what impact sanctions are already having on Russia, and how they are causing young tech workers to leave the country.We hear from a former senior economic advisor in Barack Obama's administration, about President Joe Biden's appointment of Lael Brainard, vice-chair of the US Federal Reserve, as his top economic advisor.And as the first UN aid convoy arrives in Syria, we get reaction from the country as anger grows over the lack of support so far.
The EU president has unveiled plans to hit Russia with fresh sanctions worth nearly 12 billion dollars.This comes ahead of the first anniversary of Russia’s full-scale invasion on February 24th.The EU has also formed a working group to explore whether frozen Russian assets could be used to help rebuild Ukraine.If approved, the latest sanctions will restrict technology exports and affect more Russian banks.We report on riots in Nigeria as unrest mounts over cash shortages. There are reports protesters have attacked banks and destroyed ATM machines.It's the latest in a series of worsening problems caused by the introduction of new naira banknotes two months ago.First Manchester United, now Tottenham Hotspur becomes the latest English Premier League attract potential buyers.An Iranian-American billionaire, Jahm Njafi, who chairs MSP Sports Capital, is reported to be preparing a $3.75 billion takeover bid for Tottenham Spur.Meanwhile, the deadline for initial offers for Manchester United is this coming Friday. The current owners the Glazier family are rumoured to be expecting upwards of six billion dollars.
Inflation figures from the US show that inflation is slowing but less than expected, increasing thoughts that the Federal Reserve will raise interest rates again this year. We speak to a former Secretary of Labor in the Clinton administration about what we can expect from the year ahead.After the biggest order of new passenger aircraft in history, we find out what the deal between Air India, Airbus and Boeing means for the industry.And who's buying Manchester United? We hear about the runners and riders who are bidding to own ones of the world's biggest football clubs.
The US consumer price index rose at a rate of 6.4% - a slight fall on the previous month.While the drop is welcome news it was smaller than some economists had anticipated.The Consumer Price Index (CPI) measures the prices of a range of goods and service, and has now fallen for seven consecutive months in the US, from a high of more than 9% last year.We also report on big job losses in Europe which were announced by car makers Ford.The company will be axing nearly 4000 jobs across Europe in the coming two years.Most of the jobs cuts are in the product development division - that is designers, engineers and testers.And on Valentine's Day - why flowers on sale in the Netherlands might not have been grown on home soil....
The US has burst what it's called a high-altitude intelligence gathering balloon from China, while the deadline over a dispute between the two countries over the trading of microchips has expired. We speak a former member of the Clinton Administration about what this means for trade relations between the nations.We find out why Ghana's in an arm-wrestle with its pensioners over who's going to foot the bill for its debt problems.And what's behind the low birth rates affecting nations all around the world?
Russia - one of the world's largest producers of crude oil - says it's slashing daily output by 500,000 barrels. It comes after trade sanctions in the wake of the war in Ukraine. So is the decision a retaliation or a retreat?
Pakistan is running out of foreign cash. They are in crisis talks with the International Monetary Fund after they failed to unlock $1.1bn in crucial funds aimed at preventing the country from going bankrupt. South Africa is having to impose power cuts every single day which has badly affected homes and businesses. It is now so bad that the countries President Cyril Ramaphosa has declared it a state of disaster. We hear from businesses in Pakistan and South Africa about how they are surviving. We also take a look at China because they are worried about the impact their declining population will have on its financial prospects. A senior health official in Beijing has told local governments to take “bold steps” to encourage people to have more babies.
President Cyril Ramaphosa, has declared a 'state of disaster' over the country’s energy crisis in his state of the nation address.This measure would enable the government to accelerate its response, and announced plans to give tax breaks to businesses and households that generate their own solar power.He warned that the power cuts that have hit Africa’s most industrial nation every day this year were “an existential threat to our economy and our social fabric”.
The director-general of the World Trade Organisation has said she expects the cost of living crisis to continue for another two years. We hear from two countries that are facing economic challenges Pakistan and Somalia. The economic losses from the Turkey-Syria earthquake could reach $4 billion. The government did have a system sort of built in to try and pay for a natural disaster like this but we hear how it hasn't gone to plan. Disney has announced it'll be laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year. The layoffs follow similar moves by other US tech giants.
Ukraine's President Volodymyr Zelensky has arrived in Paris after a day of ceremonial diplomacy here in the UK - his first to western Europe since his country was attacked by Russia almost a year ago. In London he met King Charles as well as seeing Ukrainian soldiers being trained on British tanks and spoke to both houses of parliament.(Picture: President Zelensky Meets Macron And Scholz In Paris. Picture Credit: Getty Images)
Aid response to North West Syria - which has been most acutely hit by the earthquake - has been facing challenges. People in Syria are dealing with freezing temperatures, hospitals not being able to cope and the fact that ninety per cent of the population are living on the poverty line. We find out what can be done to help those in need, and the we hear the latest on the situation in Turkey. People have been fighting at ATM points in Nigeria as they try desperately to get the new naira notes. That is because the government is introducing new naira notes and discarding the current one's in circulation. US Basketball superstar LeBron James of the Los Angeles Lakers has broken one of the greatest individual milestones in world sport. We hear how he is considered to be one of the greatest basketball players of all time.
In just a few hours, there's one of those setpiece moments in the US political calendar - President Joe Biden will come to Capitol Hill to deliver his State of the Union address to Congress. It's an especially important speech this year, because it's expected he is poised to announce his bid for re-election in 2024 - so he has to make his pitch to the American people and a lot of that is going to focus on an economy that is showing seeing rising interest rates and high inflation.
Rescue teams and local residents are continuing the search for survivors following Monday's earthquake in southern Turkey and neighbouring Syria. We find out how distribution centres are filled with volunteers and what is being sent to the regions by road. US President Joe Biden is set to deliver the annual message to the US congress, in the president's annual State of the union address. This will be his first speech since Republicans took control of the House of Representatives. South Africa’s power crisis is getting worse and it is affecting all sectors of the economy. The situation is set to continue for the next two years and have caused protests. We hear from a local ice-cream business in Soweto about how they are struggling and what needs to be done.
The combined death toll from the initial quake in Turkey and Syria is now believed to be more than 2,700 after at least 1,000 people were reported to have been killed in Syria. People left without internet and electricity. Turkey's lira hit a record low and its stock markets tumbled after an earthquake.
Two earthquakes have caused massive devastation in Turkey and Syria and the death toll is rising. We hear first-hand accounts of how people felt. Also we look at the economic hardship of an earthquake and what will go into rebuilding the economy again.
In Nigeria there is chaos at the country’s banks with fights and protests happening. We find out why the new set of banknotes introduced by the country's central bank seems to be unavailable to many customers.
The 65th Grammys Awards took place in Los Angeles. British artist Harry won Album of the year. But it was Beyoncé who made history when she collected her 32nd award - making her the winner of the most Grammys, ever. We hear if winning a Grammy means earning more?
U.S. Secretary of State Antony Blinken has postponed his trip to China after a Chinese spy balloon flew across the US. Bejing maintains it's a weather balloon that has gone astray.In Nigreia, fights break out at the atms and in the banking halls as the people struggle to withdraw new naira notes which the banks are unable to provide.And the US jobs market adds more than half a million new job pushing unemployment rate the lowest in half a century.
European Union leaders have been in Kyiv meeting Ukraine's President Zelensky, as he hopes to accelerate his country's bid to join the trading bloc.Meanwhile, the EU is to introduce a ban on petroleum products being imported from Russia. We hear from a former Ukrainian Economy minister and an economist.We get the latest from India as allegations of fraud against Indian billionaire Gautam Adani spill over into political row. And we find out about the latest craze in the UK for a Youtuber promoted energy drink.
Three of the world's biggest and richest tech giants, Apple, Amazon and Google parent Alphabet have released their latest earning figures. It's good news for Amazon as sales rose. However for Apple and Alphabet it was doom and gloom, we head to San Francisco to hear what's next for these companies.Just 24 hours after the Fed raised US rates, the Bank of England and the European Central Bank followed suit. We hear from former Vice President of the European Central Bank on whether he thinks the European Central Bank is getting interest rates right. As Beyoncé releases tickets for her latest world tour, we find out just how much money she might stand to make.
As the Bank of England and the European Central Bank raise interest rates, following the lead of the US Federal Reserve, we get market reaction and the thoughts of a former member of the ECB.We get the latest from Nigeria as the country copes with fuel shortages.And the head of one of Europe’s most important tech companies has told the BBC he's concerned that the world market for microchips could be badly disrupted if further restrictions are put on their exports to China. Our reporter Matthew Kenyon tells us what ASML Chief Executive Peter Wennink has had to say.
The US central bank has raised interest rates again as it continues to try to curb inflation in the world's largest economy. The Federal Reserve said it was raising its key interest rate by 0.25 percentage points. This marks the smallest increase since last March, after a series of aggressive rate hikes last year. The interest rate hike will also affect Latin America which has historically been tied especially closely to movements in the US economy. We hear what the head of Latin America Economic Research at Goldman Sachs thinks. And we hear how Gautam Adani's Adani Enterprises has been forced to pull its $2.5billion share sale after a rout in the wider Adani Group's stocks.
The Indian government say growth predictions for the next year are below targets, as it looks to focus on growing its manufacturing base, and aiding the least well off. We hear from business owners and economists about the situation in the country with a year to go until the General Election.The UK has its biggest day of industrial action in over a decade, with more than half a million workers on strike. We find out what's behind the walkouts.And we speak to JP Morgan about their survey of market traders looking at the year ahead.
Rahul Tandon is joined by Sushma Ramachandran, business journalist and columnist for The Tribune in Delhi, and Allison Schrager, senior fellow at the Manhattan Institute and contributing editor at City Journal in New York, to discuss the day's business news.The Biden administration in the US has expressed anger over record annual profits posted by the US oil giant, ExxonMobil. The company's net profit for last year was just over fifty-five billion dollars, driven by soaring oil and gas prices caused by the war in Ukraine. Also in the US, the Federal Reserve is meeting to make its next decision on interest rates - as the world watches. Meanwhile, the Indian government will present its last full budget on Wednesday before the country holds elections in 2024 - what could it contain?
The International Monetary Fund (IMF) has given a brighter outlook in its latest report, predicting that inflation will slow and European economies had shown more resilience. The agency says the abandonment by China of its zero-Covid policy has paved the way for a faster-than-expected recovery for most countries. Growth is now expected to be 2.9%.
Weeks of unrest and road blockades have left entire cities isolated from the rest of the country. We hear from local businesses about the economic impact of Peru's political crisis. Also in the programme, we take a look at Pakistan, where economic turmoil has sunk the rupee to record lows as the government increases fuel prices. And as the cost of the living continues to rise, we discuss the latest data about alcohol sales across Europe.
The company owned by Asia's richest man Gautam Adani has issued a detailed rebuttal of allegations of wrongdoing by short seller Hindenburg Research.
Adani Group, an Indian conglomerate, had more than $50 billion wiped off its stock market value last week.
In a document, which runs to more than 400 pages, Adani Group says the report is a "calculated attack on India".
It also said that it had complied with all local laws and had made the necessary regulatory disclosures. Hindenburg says its main allegations have still not been addressed.
It was a pretty extraordinary day on India's main stock exchange on Friday. Shares in the business empire of Asia's richest man Gautam Adani plunged some 20 per cent, extending earlier losses at the Adani Group to some $45 billion. The price fall comes after a report by an American firm alleging stock manipulation and accounting fraud, claims the company denies.
Businesses and residents share their views on how soaring prices are impacting Dresden, a manufacturing powerhouse in the East of Germany. Join us to find out how the capital of Saxony is coping with the cost of living crisis.
The hackers have been hacked - a prolific international ransomware operation has been shut down by US, German and Dutch officials. The criminal network, Hive, is said to have targeted over 1,500 victims worldwide in the past 18 months and extorted over $100 million. FBI director Christopher Wray said the operation had recovered over 1,300 decryption keys for victims since July 2022 and had prevented $130 million in ransomware payments.(Picture: Cropped Hand Of Computer Hacker Typing On Keyboard. Picture Credit: Getty Images)
The US economy did better than expected at the end of last year, despite higher borrowing costs and rising cost of living. The economy grew at an annual rate of 2.9% in the last three months of 2022. IBM has become the latest tech company to announce layoffs. The software and consulting firm has said it will cut 3,900 jobs.One of India's biggest companies, the Adani Group, says it's considering taking legal action against a US investment firm, Hindenburg Research, that's raised concerns about its finances. The US company alleged that the Adani Group had improperly used offshore tax havens and that some of its key listed companies had substantial debt. The Adani Group has denied the allegations.
Donald Trump will be allowed back onto Facebook and Instagram, after Meta announced it would be ending its two-year suspension of his accounts.The suspension will end "in the coming weeks", the social media giant said.The then-US president was indefinitely suspended from Facebook and Instagram after the Capitol riots in 2021.Republicans have been pressing for Mr Trump to be allowed back on Facebook as he prepares to run for the presidency again next year.(Picture: SAN ANSELMO, CALIFORNIA - JANUARY 08: The suspended Twitter account of U.S. President Donald Trump appears on an iPhone screen on January 08, 2021 in San Anselmo, California. Picture Credit: Getty Images).
US Treasury Secretary Janet Yellen was on an official tour in Africa as she vows to strengthen ties with the continent. This comes as China continues to increase its influence there. India's richest man has seen more than 10 billion dollars wiped off the value of his companies. That follows a report by the Hindenberg Research group targeting the conglomerate owned by Gautham Adani. The Cairo International Book Fair in Egypt will see attendants be able to buy books in instalments. This is because the price of books continues to increase due to rising inflation. This has lead to some Egyptian authors cutting back on the length of their writing to be more economical.
The US Department of Justice and eight US states have filed a case against Google alleging it has too much power over the online ad market.Online advertising accounts for the lion's share of Google's multibillion dollar revenue.Google is the market leader, but its slice of total US digital ad income has fallen from 36.7% in 2016 to 28.8% in 2022, according to market research firm Insider Intelligence.
The 'sur' or 'South' proposed by Brazil and Argentina wouldn't replace local currencies, but instead would run in parallel with them in its early stages. We find out what economists think about the project. Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, IG Metall. As carmakers shift their focus towards electric vehicles, we ask why this transformation might translate into job losses. The US Treasury Secretary Janet Yellen has called on China to agree to a rapid restructuring of loans to Zambia, calling Beijing a barrier to ending the debt crisis in the country. We get the latest from Lusaka.
Microsoft has announced a multi-year, multibillion dollar investment in artificial intelligence (AI) as it extends its partnership with OpenAI.OpenAI is the creator of popular image generation tool Dall-E and the chatbot ChatGPT.In 2019 Microsoft invested one billion dollars in the company, founded by Elon Musk and tech investor Sam Altman.The Windows and Xbox maker plans up to 10,000 redundancies, but said it would still hire in key strategic areas.
The finance minister of Japan, Shunichi Suzuki, warns that the country faces dire finances as debt and inflation continue to rise while the population keeps declining. The government can still borrow cheaply as the central bank keeps interest rates at ultra-low levels. But what do the financial markets and global investors make of Japan’s current economic state? The US hedge fund Citadel made $16bn in profits last year, the largest annual profit by a hedge fund in history. We find out how they did it.And the presidents of Brazil and Argentina have announced that they want to work towards the creation of a South American single currency. We explore how likely this is to happen.
The Chinese government estimates that more than 2 billion trips will take place within China before mid-February, in the biggest single one-time movement of people on Earth, as the nation welcomes in the Year of the Rabbit. After years of Covid restrictions, we find out how different this year will be and how it's looking for businesses.One of the biggest cryptocurrency lenders, Genesis Global Capital, is the latest casualty of the sector's downturn as it files for bankruptcy protection. We hear what it means for those who have lost money in the crisis.And we learn how investors in the US are putting money into 'catastrophe bonds' to bet against storms hitting the country.
Alphabet, the parent company of Google and YouTube, says it's slashing 12,000 jobs. The company blames what it calls a changing "economic reality" after two years of "dramatic growth". On Thursday, Microsoft said it would reduce staff numbers by 10,000. We will find out what's happening in the tech industry and why it is becoming so brutal for professionals.(Picture: Bike Rack at Google Headquarters, Mountainview, Ca. Picture Credit: Getty Images)
As the United States hits its debt limit, the Treasury Department begins emergency measures to prevent a default. We find out what this means for President Biden and the US economy.Thousands of Peruvians gather in the capital, Lima, for an anti-government rally following weeks of unrest that have left 44 people dead. We get the latest from the country as demonstrators demand for the resignation of President Dina Boluarte and immediate elections. And as actor Alec Baldwin is charged with involuntary manslaughter following the accidental fatal shooting of a cinematographer on a film set in 2021, we speak to a movie armourer trainer about safety on set.
Thousands of French workers have walked out over the government's proposal to change the pension system. The strikes have crippled much of the rail network, and caused the cancellation of some flights. They've also hit schools and oil refineries. One of the major stand-off points is raising the age of retirement from 62 to 64.Meanwhile, the US, once again, is poised to run up against its debt limit today. That means the government is not allowed to borrow any more money - unless Congress agrees to suspend or change the cap. The cap currently stands at almost $31.4tn.And big figures come from British club football today. Manchester City has once again emerged as the highest-revenue-generating football club in the world. The club had revenues of around 790 million dollars last year - that's according to global accounting firm Deloitte, which composes an annual football rich-list each year.(Picture: Low Section Of Men Standing On Bicycle Rack In City. Picture Credit: Getty Images)
Tech giant Microsoft sent shockwaves down the spines of many with the announcement to cut 5% of its global workforce. This action will cost the business $1.2bn (£972bn) in severance and reorganisation costs. Could this be a reality check for the tech sector after the pandemic boom?
Microsoft finalised their layoffs for this year cutting over 10,000 roles across its divisions. The tech giant says it has been forced to take these measures in the face of a slowing global economy. Big numbers out today - in the Eurozone – indicate that price rises are cooling. The European Central Bank says consumer inflation in the 20-nation eurozone was 9.2% last month compared to a year ago.Meanwhile, Japan is facing relatively high inflation, a falling yen and pressure on wages. In such a scenario - usually central banks try to hike interest rates but not the Bank of Japan. After two days of meetings - it decided to maintain its ultra-easy monetary policy.On day three of the World Economic Forum in Davos, business leaders are being urged to do more to ensure that talented disabled workers can make it to the top. Caroline Casey is a disability activist and founder of The Valuable 500 - a group of top companies who have signed up to do more to promote the inclusion of disabled workers in their business.(Picture: Cloud network desk. Picture Credit: Getty Images)
China's National Bureau of Statistics says the country's population has fallen for the first time in 60 years as it enters what officials describe as an era of negative population growth.
The Chinese economy expanded by 3% in 2022 - missing the official target of "around 5.5%" and a sharp drop from the 8.4% growth of 2021. If you leave aside 2020 - when the economy was hit by the worst effects of Covid - this was the lowest growth figure in nearly half a century.(Picture: Financial stock exchange market display screen board on the street. Picture Credit: Getty Images)
Italy's most-wanted Mafia boss Matteo Messina Denaro has been arrested in Sicily, ending a 30-year search. The Mafia boss who was tried and sentenced to life in jail in absentia in 2002 over numerous murders also oversaw racketeering, illegal waste dumping, money-laundering and drug-trafficking for the powerful Cosa Nostra organised crime syndicate.
This week sees China release its growth figures - and there'll be an important meeting between the US treasury secretary Janet Yellen and Chinese Vice Premier Liu He. Over the last few years there's been an increase in rhetoric from the two, but in the current global economic situation, US and China need cooperation instead of confrontation.(Picture: Flag of USA and China on a processor, CPU or GPU microchip on a motherboard. US companies have become the latest collateral damage in US - China tech war. US limits, restricts AI chips sales to China. Picture Credit: Getty Images)
US banks unveil their earnings and reveal some nervousness about what the future holdsWhat must it be like to live through a year which has seen inflation rise by nearly 95% - we hear from Argentina, which has just experienced its highest rates in three decades.As Tesla make big cuts of up to 20% to the price of their electric cars – are we heading towards a price war in the EV market…And why a search for Nazi gold is causing havoc in the Netherlands….
After more than two years of cracking down on China's technology giants, Beijing is now taking a different tack by buying shares in the companies and demanding a seat on the board. We look at what that means for the firms involved and online users in China.Apple CEO Tim Cook has had his pay almost cut in half to $49 million, after requesting it be cut. We find out if it's a trend other big bosses will follow.And we hear how France's bakers are coping with soaring production costs from higher energy and ingredient prices.
New figures show that inflation in the US – the world’s largest economy - is on the way down. The latest figures showed a slight fall to 6.5%, down from 7.5% the previous month. Rising prices have been the bugbear of the post-Covid global economy, with central banks moving to raise interest rates to try to deal with it, resulting in a struggle for those whose incomes are no longer enough to cover their food or energy costs.
US inflation was 6.5% over the 12 months to the end of December, down from a month previous, easing cost-of-living pressures. Falls to energy prices, in particular petrol, contributed to the smallest increase in more than a year. We speak to consumers and economist about how it's being felt on the ground. We find out about the boardroom battle taking over Disney, as activist investor Nelson Peltz tries to force his way onto the company's board. And a report estimates that global natural disasters cost $270 billion in 2022. One of the report's authors tells us what we can expect in the future.
These are difficult times for Latin American economies. The region was hit harder than most by Covid and as an exporter of prime materials its always hit by any slowdown in the global economy. There is a lot of political uncertainty in the region . No more so than in Peru, where president Pedro Castillo was recently ousted from office after he illegally tried to close congress and rule by decree. He's now in pre-trial detention while he's investigated for fomenting rebellion, a charge he denies. He's been replaced by fellow leftist Dina Boluarte, who's vowed to try to revive Peru's economy.Russia's second-largest oil producer Lukoil has reached an agreement to sell its ISAB oil refinery in Sicily to G.O.I. ENERGY. Lukoil had no choice but to sell it as they couldn't sell oil products this year. The European Union has imposed a partial embargo on Russian crude oil and petroleum products, as well as a ban on shipping insurance for oil exports from Russia. Meanwhile, a lawyer for the failed cryptocurrency firm, FTX, says his team has salvaged more than five billion dollars in assets following the company’s spectacular collapse in November. Andrew Dietderich told a US bankruptcy court (in Delaware) that efforts to sell other assets with a book value of more than four billion dollars were in hand -- but warned the final hit to nine million investors remained unclear.(Picture: Mature man and a young man sitting with a groom, Taquile Island, Lake Titicaca, Puno, Peru. Picture Credit: Getty Images)
Domestic flights across the US were grounded for several hours after the system that alerts pilots to potential hazards went down. We hear from those trying to travel, and find out what the repercussions will be.The Egyptian pound has plunged more than 13% against the US dollar, as the nation struggles with its worst foreign-currency squeeze in years. We find out what's behind it and how it's affecting business.And we find out what to expect from Japanese Prime Minister Fumio Kishida's tour of the G7 countries.
The global economy is "perilously close to falling into recession", according to the latest forecast from the World Bank, as the impacts of the Ukraine war and Covid pandemic continue to be felt across the world.In fact, Pakistan and Sri Lanka are already struggling to keep their heads above water. Leaders in politics and economics share their thoughts with us on the economic challenges facing those countries.Meanwhile in the US, more job cuts in the tech sector - the crypto exchange Coinbase is laying off 20 percent of its global workforce.(Picture: The World Bank logo seen displayed on a smartphone. Picture Credit: Getty Images)
Pakistan is hosting the event in Geneva on Monday with the United Nations as it seeks international assistance to cover around half of a total $16.3bn recovery bill. It has been a busy day for the economy as Pakistan has also asked the International Monetary Fund to temporarily ease its loan conditions to enable the country to recover from the costs of last year's floods. Meanwhile, President Joe Biden and his Mexican counterpart, President Andres Manuel Lopez Obrador, are having talks in Mexico City. One of the areas they will focus on is migration. And it’s been almost 4 months since Russian president Vladimir Putin announced partial mobilisation. According to Putin, 318,000 troops were mobilised including volunteers. That has had an impact on the wider economy and local business owners. (Picture: High angle portrait of cute girl standing on road,Swat, Khyber Pakhtunkhwa, Pakistan. Picture Credit: Getty Images)
On the day China reopens its borders after 3 years, we hear from those inside the country about what they hope the new freedoms will bring. We also find out what it means for countries looking to welcome Chinese tourists, as Covid cases surge in the country.We get the latest from the UN Conference in Geneva discussing raising funds for Pakistan to rebuild following the massive floods there.And with India's drone industry booming, we learn how the government there wants to transform the country into a global drone hub by 2030.
We get the latest from China as the world's second largest economy is rocked by rising Covid cases after the country's strict rules were eased. Business owners and economists tell us about the situation and what the year ahead looks like.We find out how the situation in China is affecting other nations in the region. and how the re-opening will boost tourism.And we get the latest from Las Vegas as one of the world's largest technology shows continues.(Picture: People walk past an alley amid the coronavirus disease (COVID-19) outbreak in Beijing, China January 6, 2023 Credit: REUTERS/Tingshu Wang)
The cost of living crisis and in particular the high price of food - is a problem which many people are currently facing. On average, food cost 14% more last year than it did in 2021. Russia's invasion of Ukraine led to a surge in the price of many commodities, exacerbating increases during pandemic lockdowns.China this Sunday is opening its borders which gives many opportunities not only for the tourism industry but also renewed possibility for Chinese students to study abroad. And for people from the rest of the world to study in China.For people living and working in remote locations, the lack of phone and internet connectivity is a constant pain. Well, now companies have a plan to get rid of these so-called notspots entirely. A new generation of smartphones is expected to be able to use satellites to get a signal anywhere on Earth, allowing people to send text messages. A partnership between the satellite phone firm Iridium and the chip giant Qualcomm is due to bring satellite connectivity to new Android smartphones later in the year.(Picture: Man holding shopping basket with bread and milk groceries in supermarket. Picture Credit: Getty Images)
Voting continues in the US over who will be the new Speaker in the House of Representatives. Kevin McCarthy, the leading contender, has so far failed to convince 20 of his fellow Republicans to back him. What impact can a standoff in Congress have in the economy? WhatsApp says it will allow people to use the app through a proxy server if access is blocked. We find out what that means for users in countries facing internet disruption due to censorship. And we get the latest from Bolivia where widespread protests over the political crisis in the country are causing huge levels of economic disruption.
Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles to save costs. Analysts predict more painful spending cuts, saying the company hired too many staff during the past few years.In general, it's a challenging time for businesses in the US. We look at how local owners operate their businesses.And exactly one month ago, the US, European Union and allies announced a price cap on Russian oil imports. We look at how it’s affected the Russian economy and the gas and oil industry. (Picture: Delivery boy holding a box in front of a van. Picture Credit: Getty Images)
For the first time retail pharmacies in the US will be allowed to sell abortion pills, after approval by the US Food and Drug Administration. Customers will need a prescription but they can now pick up the pill in-store or by mail order. We hear from how important this change is.E-sports is a rapidly growing industry in India and could soon get government funding. We speak to one of the country's leading players.And would you eat a meal prepared by a robot? We learn about how Robo-chefs are making their way into restaurants around the world.(Picture: A package of PlanB One-Step, an emergency contraceptive pill. Picture credit: Reuters)
In the first few days of January, weather records were broken across Europe. The unseasonably warm temperature has affected eight countries stretching from Spain to Denmark. In Splugen in Switzerland the slopes are closed due to a lack of snow. Meanwhile, a number of malls and markets in Pakistan have said they are not going to follow the rules in response of yesterday government order to close all malls and markets by 8:30 p.m. as part of its new energy conservation plan and to save money. We will also have a deep look at the economy of India, which this year is expected to overtake China to become the world's most populous nation. (Picture: The Ski resort Ischgl Silvretta Arena. Picture Credit: Getty Images)
Former FTX boss Sam Bankman-Fried has pleaded not guilty to fraud and other crimes.Devina Gupta speaks to BBC North America business correspondent, Michelle Fleury, who is in New York reporting on the case.What affect will the China travel restrictions have on the economies of the countries that are implementing them?And the Pacific island nation of Tuvalu could become the first country to disappear due to climate change. Now the government says it will rebuild the islands in the metaverse – the digital world created by Facebook owner, Mark Zuckerberg – to preserve their culture and heritage.(Picture: Sam Bankman-Fried arrives at the court in New York on 3 January. Picture Credit: Getty Images)
China is not happy that some countries are placing restrictions on some travellers because of the sharp increase of Covid cases in the country. China's foreign ministry said the country is firmly opposed to "attempts to manipulate the epidemic prevention and control measures for political purposes".Pakistan is facing problems with energy. To make savings and help businesses, the government has ordered all malls and markets to close by 8:30pm among other measures in a new energy conservation plan.Brazil, the largest economy in Latin America, is hoping its new government can bring economic growth, as its citizens face poverty, hunger and an energy crisis. Local businesses are struggling to survive amid the uncertainty.(Picture: Dragon Sculpture on White Background. Picture Credit: Getty Images)
The IMF kicks off 2023 with a bleak economic outlook.Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.A court in Russia has ordered the freezing of nearly half a million dollars worth of assets belonging to the German gas company, Linde.And Dubai has kicked off the new year by scrapping a 30 per cent tax on alcohol sales.
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.We ask a former IMF chief economist about his outlook for the year.We also hear how the economies of Nigeria, Russia and Colombia might perform in 2023. (Picture: Crowds of people on Times Square, New York City, USA. Picture Credit: Getty Images)
It's been a tumultuous year for crypto: the collapse of FXT and a string of other firms has helped drain the market of 2 trillion dollars. So, what might 2023 look like for the crypto world? This special episode of World Business Report looks at regulation and whether it will deter further investment.(Picture: Domino piece with bitcoin symbol concept Picture Credit: Getty Images)
As we approach the end of 2022, we take a look at what has been a bumpy year for the stock markets. With the three major US indices set for their biggest yearly losses since the 2008 financial crisis, we explore what 2023 can bring for financial investors.The war in Ukraine had a strong impact in many industries, and commodities weren't an exception. We review what the conflict meant for key metals like investors' favourite safe haven—gold.And on the day after his death we remember the legacy of one of football's biggest legends: Pele.
Figures from the global crypto research and training platform Crypto Head suggest that around just 5 per cent of entrepreneurs in the field are women, and they're lagging behind when it comes to investing in crypto too. According to a survey by broadcaster CNBC and Momentive, twice as many men as women are likely to invest in cryptocurrency. So why does this 21st century financial instrument have such a 20th century problem?(Picture: Young woman touching screen on futuristic digital display. Picture Credit: Getty Images)
A number of countries mull bringing back mandatory Covid testing for visitors coming from China as a wave of coronavirus infections spreads across the world's second economy. We hear the latest from our correspondent in Hong Kong.Also in the programme, we go back to one of the big stories of 2022: the impact of the war in Ukraine on the global supply of grain. We explore what has changed for the industry as well as the expectations for 2023. And we also look at Japan's latest attempt to persuade more young people to move out of the city and into the countryside.
The US is the latest country to enhance testing requirements for arrivals, after Beijing announced plans to reopen international travel in and out of China. We explore whether the 'great reopening' will affect global travel markets for better or worse. Also on the programme, after a tough year for Elon Musk, one analyst tells us why it's far from the end of the road for Tesla.
After three years of closed borders, China will effectively re-open on January 8th to those with work and study visas, and those seeking to visit their family and have holidays abroad. Thousands of travellers from China are likely to boost the multi-billion dollar travel business soon. Multi-billionaire Elon Musk has sold another 22 million shares, worth $3.58bn (£2.9bn), in the electric car maker Tesla. Investors have been concerned that demand for the company's electric cars may slow, as the economy weakens, higher borrowing costs discourage buyers and other companies boost their electric vehicle offerings.Throughout this week on World Business Report on the BBC World Service, we're looking at all things crypto. It's a hugely complex area, with supporters of cryptocurrencies claiming that it banks the unbanked, and democratises financial services - while critics say cryptocurrencies have no intrinsic value, are hugely volatile - and actually not that useful for every day purchases.(Picture: Young handsome Asian man making order from the digital menu on smartphone in restaurant. Picture Credit: Getty Images)
China has announced it will drop international travel restrictions after almost three years, prompting a surge in Chinese citizens booking overseas trips. That's despite reports of hospitals 'overflowing' with Covid cases. We'll have the latest on Russia's decision to ban oil sales to countries which adopted a price cap. It's also Crypto Week here at World Business Report; and following the demise of FTX earlier this year, we're looking at the thorny issue of regulation.
After three years of closed borders, China will effectively re-open on 8 January to those with work and study visas, and those seeking to visit family. The country has largely abandoned its zero-Covid policy - partly due to protests from fed-up citizens and partly because of the impact on the economy.In the US many people are still in danger as the deadly snow storm dubbed as the blizzard of the century is battering parts of North America and Canada. At least 28 people have died in western New York state. Local authorities are warning people to stay home.The war in Ukraine is affecting many people across the world. Even as the Russian offense continues - we take a look at the impact on Ukraine’s rich businessmen, the so-called oligarchs, who wielded enormous influence and power in the country. They have lost billions - and with them much of their clout.(Picture: China, Shanghai, people queing up at hypermarket. Picture Credit: Getty Images)
Mo Ibrahim talks to Rahul Tandon about the challenges he faced setting up Celtel mobile phone company in Africa. He explains how he used scratchcards to provide people with a pay as you go service, why he sold the business and the development of the mobile phone industry. Mo Ibrahim also talks about setting up his own Foundation to support governance and leadership in Africa and why he thinks the continent needs to develop its own natural resources.
What can one-point-seven-trillion-dollars get you? It can get you a functioning US government, for a start. Congress has just given final approval to the huge spending bill, just hours before the government would have had to shut down for lack of funds. The bill incorporates the Biden administration's plans to boost domestic spending. It also supports Ukraine's defence effort and reforms US election law. Republicans have condemned the package as a monstrosity, complaining that it contains wasteful spending commitments without addressing their priorities, such as boosting security on the border with Mexico.The oil company Shell has agreed to pay nearly 16 million dollars in compensation to communities in Nigeria that were affected by multiple oil spills from pipelines in the Niger Delta. The money will benefit the Nigerian communities of Oruma, Goi and Ikot Ada Udo, that were impacted by four oil spills between 2004 and 2007.Belarusian-made laptops went on sale in Minsk on Thursday two days after the company that makes them, Gorizont, started production. Belarus is making its own laptops on the orders of President Alexander Lukashenko, who's insisting on import-substitution. Gorizont and the city authorities have big plans, including selling laptops in Russia and its allies. The maker says it's a modern computer comparable to big-name brands in quality. Its hardware is based on an 11th-generation Intel Core processor.(Picture: United States Capitol West Facade with Fountain and Flowers. Picture Credit: Getty Images)
In this in-depth special programme, we look at the continuing impact to the world's food supply of the ongoing conflict in Ukraine. Despite the fact a grain deal was brokered by Turkey six months ago, 13 million people are still facing severe hunger according to Unicef. We speak to Unicef's Deputy Regional Director for Eastern and Southern Africa, Rania Dagash about this. Ukraine's Deputy Infrastructure Minister Yurii Vaskov explains how it's far from simple getting grain ships to leave the war-torn country, which is one of the world's largest producers. Bilal Muftuoglu, agricultural specialist at Argus, gives us a full analysis of global grain prices across this year - and provides a forecast for 2023.
Up to 55 miles per hour winter winds and very cold weather is set to affect millions across the US this week, just as they try to meet up with their families over Christmas. Freezing temperatures and strong storms threaten to wreak havoc on holiday travel plans. We can only hope that Santa will make it!A private Russian military company The Wagner Group has now been accused by the US government of buying rockets and missiles from North Korea for use in Ukraine – charges it denies. So what is this company? Is it a commercial entity or just an arm of the Russian state?Plus the disgraced founder of the collapsed cryptocurrency exchange, FTX, has appeared in a court in New York where he faces multi-billion dollar fraud charges.(Picture: Snow fall. Picture Credit: Getty Images)
Officials from Egypt and Tanzania are inaugurating the new Julius Nyerere Hydropower dam. The dam has a capacity of 2,115 MW and is set to become the largest in East Africa, and Africa’s fourth largest. It was built at a cost of US$3 Billion. The inauguration will see the first filling of the dam along the Rufiji River.Elsewhere Germany - Europe’s largest economy - is burning more coal than it has done for a while. It now generates more than a third of its electricity from coal-fired power plants.Plus El Gordo gets underway in Spain. It's the world's biggest lottery - with the equivalent of almost 2 and a half billion dollars up for grabs.PHOTO CREDIT: Ascent Xmedia. 515966943
The Biden administration has announced $1.85bn in new lethal aid for Ukraine, including the Patriot air defence system.Ukraine’s president Volodymyr Zelensky calls the Patriot missile defence system a "very important step to create secure airspace over Ukraine".He says it will "significantly" strengthen the country's defence.
The United States Consumer Financial Protection Bureau acts after widespread mismanagement of car loans, mortgages and bank accounts. Japan set to control inflation by announcing an unexpected change to its controversial yield curve control policy. And hundreds of nurses stage a second day of strike action over pay in England and Wales.
Japan's makes policy change to control inflation. NHS nurses take strike action over pay.
The Federal Trade Commission has accused Epic Games, the maker of video game Fortnite, of illegally collecting data on children without parental consent, as required by the US law.Epic Games will pay more than $500 million as part of the settlement to the FTC, which is the biggest pay out in its history.The games company said, “We accepted this agreement because we want Epic to be at the forefront of consumer protection and provide the best experience for our players,” We share the underlying principles of fairness, transparency and privacy that the FTC enforces, and the practices referenced in the FTC’s complaints are not how Fortnite operates.”
World’s largest cryptocurrency exchange, Binance has revealed that the auditor Mazars has stopped working with it following $6bn withdrawals this week.Earlier in the week, Binance experienced over $1bn worth of redemptions as fears mounted over the future of the crypto market.As the month-long FIFA World Cup tournament draws to a close, we evaluate how the competition not only proved to be a tourism boom for host Qatar but also for neighbour – the UAE and in particular – Dubai.
Roger Hearing has the latest as more than 200 Chinese companies open their books to US regulators, to avoid being kicked off the US stock market. The Head of Gas, Coal and Power markets at the International Energy Agency joins World Business Report to explain why global coal consumption is set to rise to an all-time high in 2022, and former US President Donald Trump launches a series of NFTs in the style of digital trading cards.
The Bank of England has increased interest rates again -- for the ninth time in a row -- as part of efforts to counter inflation. The basic rate is going up by half of one per cent -- to three and a half per cent. Meanwhile the European Central Bank has also increased its main interest rate by 0.5% to 2.5% - following Wednesday's rise by the US Federal Reserve.It all leads to stock market falls over the world - we explain why.Plus we're in the US where Washington DC could soon become the largest city in the country to introduce free bus travel.
Former Real Madrid President Ramon Calderon speaks to Roger Hearing after Uefa and Fifa receive significant backing in their battle to block the creation of a European Super League. The European Court of Justice's Advocate General said the rules of football's European and world governing bodies were "compatible with EU competition law". A final ruling will be made by a 15-member Grand Chamber next spring.Tens of thousands of nurses in the state-run National Health Service are staging a strike in Northern Ireland, Wales and England in a dispute about pay. We find out why and whether there's a wider difference between public and private sector pay deals.Plus airports close in Peru as a result of the protests there.
More workers are expected to take industrial action, as demands grow for better working conditions and pay increases to keep up with rising prices. But the winter of discontent isn't just being felt in the UK. Workers in the US are jeopardizing profits of some big businesses there. Dock workers at the Port of LA are not strike but are in dispute about wages. A situation that's caused it to lose its crown as the busiest port in the northern hemisphere. We look at the impact its having on business. And while Morocco might not have been winners on the football pitch tonight their economy has been boosted by their run in the World Cup.
Three people have appeared in court in Brussels charged with corruption offences relating to their work at the European Parliament. In Britain, hundreds of thousands of key workers are on strike. It's mostly over pay, which has failed to keep pace with the heightened rate of inflation.
Investors in failed Crypto trading platform FTX face a long wait to see if will get any of their money back. Protests continue in Peru almost a week after former President Pedro Castillo was imprisoned after his attempt to dissolve the Congress, we take a look at the economic impact of prolonged protests. Is Morocco's success at the World Cup likely to lead to boom in business into the country?
Sam Bankman-Fried, the founder of failed trading platform FTX, is facing fraud charges and investigation by US authorities. As the IMF announces a $3 billion bailout package for Ghana, we hear what it will mean for the country's faltering economy. Also, a look at the challenges facing Christmas market traders in the UK.
As temperatures fall below zero in several European countries, gas reserves across the continent are put to the test. We discuss the repercussions cold weather is having in prices in Europe, the UK and the US.Also in the programme, we look at how the tech war between China and the US over advanced semiconductors is rapidly heating up.
A Greek MEP has been arrested as part of a growing investigation into bribery within the European Parliament, which has also resulted in more than $600,000 being seized. Also on the programme, lengthy power cuts are bringing parts of Zimbabwe to a standstill. But elsewhere: have US scientists unlocked the secret to cleaner, greener nuclear energy?
When former US President Donald Trump announced tough new tariffs on steel and aluminium imports, he called it a matter of 'national security'. Four years later, the World Trade Organisation has ruled that decision was in breach of its rules. The US says it has no intention of removing the tariffs. We look at why it matters for global markets. Elsewhere in the US, tech giant Apple has given its worldwide staff base new legal protections in the workplace. Find out why it's a 'big deal' for tech workers everywhere. Also on the programme, it's a tipple of choice across almost every continent. Now India's wine industry is eager to cash in.
The African Development Bank, AfDB, has raised $8.9 billion from its contributing nations and development partners. The funds according to the bank will be channelled to its development fund to help spur economic development through grants and soft loans to low income countries on the continent.The UK government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades. It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".As the world cup reaches the Quarter-finals stage, fans face up to 1000 percent jump in the cost of tickets.
China's President Xi has reportedly heralded a 'new era' in trade relations on a diplomatic trip to the Middle East. He's brokering fresh ties with Saudi Arabia before heading to Iran. As the world watches on, what will these deals mean for the global economy? Also in the news, a political earthquake in Peru as the country's leader is ousted amid crippling inflation - we hear from a former finance minister. The former CEO of collapsed payments firm Wirecard has appeared before a judge in Germany, in a case that's set to last two years. Finally, as part of the BBC's 100 Women series, we hear the intriguing story of the Kenyan athletes fighting to make basketball a more inclusive business.
Peru has sworn in its female leader after Pedro Castillo's dramatic impeachment. This comes just after the Central bank raised its key rate to a 21-year high of 7.5 percent. We discuss the future of the economy amid the political turmoil.The final 747 aircraft has been rolled out of Boeing's factory in the U.S. Does this signal a possible disappearance of the Jumbo Jet from the skies?And Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey.
Europe has cut gas demand by a quarter in November despite falling temperatures, according to the latest data from commodity analytics company ICIS.
China has put an end to forced centralised quarantine, mass testing and lockdowns a week after nationwide protests against strict pandemic controls. China could now face a wave of infections -- and health officials have admitted that the country is not fully prepared.Also on the programme, China’s President Xi Jinping arrives in Saudi Arabia for his first visit to the Kingdom in six years.And World Bank raises concerns as Kenyan government seeks fresh concessional loan of $750 million.
Roger Hearing is joined from New York by the Financial Times' legal correspondent, Joe Miller, after the Trump Organisation is found guilty of defrauding tax authorities in the United States.Also on the programme: Meta, the parent company of Facebook, is coming under fire on both sides of the Atlantic, a new law has been brought in by the European Union to tackle deforestation, and the number of films produced by Nigeria’s film industry overtakes Hollywood itself.
There has been a build-up of oil tankers being held up off the cost of Turkey. This comes just a day after EU sanctions affecting the transport of Russian oil took effect. Turkey demands insurers promise that any vessels navigating its straits were fully covered.Also on the programme, Foxconn's revenue slumps by 11 percent, following unrest at the world's largest iPhone factory and China's tough Covid restrictions.
Ukraine's energy company warns of even more power-cuts after Russia sent a new volley of missiles, hitting the country's already damaged electicity and water systems - so how possible is it do to business at all there? We're joined by Alex Dayrabekov who runs a tech company in Bucha - 40 minutes from Kyiv.It's been a rollercoaster day for oil prices, with big drops in the benchmark rates after an earlier rise. And part of the reason seems to be the new $60 per barrel price cap on Russian seaborne crude oil which took effect on Monday, supported by the EU, the G7 and Australia. Dr Adnan Vatansever, reader at King's College London's Russia Institute, explains all.April Joyner, from Business Insider, joins World Business Report from New York to talk about the latest with crypto, as Standard Chartered Bank says it could plunge by 70% in 2023 - taking the value to $5,000.Christie Pitts, investor at Backstage Capital in Oakland, California, talks about research co-authored by Federal Reserve Governor Lisa Cook which says black founders of US startups raise just one-third as much venture capital over the first five years as other comparable businesses.
Oil prices are up today as the Group of Seven's $60 cap takes effect. Meanwhile, oil producers' group Opec+ said at the weekend it would stick to its policy of reducing output.Also weighing on oil prices is China's signal of a broader relaxation of Covid restrictions. This follows a small protest in the country on Sunday by students. They are calling for a more transparent process in the formulation of pandemic rules.
: All is now set for the EU to formally approving the cap on Russian oil at $60 after Poland gave a go ahead today. We discuss the implications.Also on the programme, a look at how long covid is forcing many Americans to drop out of the workforce.And conspiracy theorist Alex Jones, has filed for bankruptcy protection after being fined almost one and a half billion dollars for defamatory comments he made about the Sandy Hook mass shooting, we discuss what this could mean.
The chief economic adviser to Ukraine's president has warned BP that hundreds of millions of dollars earned from an investment in Russian energy company, Rosneft, amounts to 'blood money'.Oleg Ustenko has written to BP's chief executive, Bernard Looney, calling on it to use the money to establish a fund for Ukrainian victims of the war.BP insists it has not received any dividends from Rosneft and has written down the value of the assets to zero.
The South African rand has started feeling the heat as President Cyril Ramaphosa faces scrutiny over a farmgate corruption scandal.
We discuss Brazil's third quarter GDP as growth slows more than expected as high interest rates bite.
And we find out why K-Beauty - an umbrella term for skincare products derived from South Korea is such a big hit.(Picture: President Cyril Ramaphosa. Credit: Getty Images.)
Figures released today show that the jobless rate in the eurozone dropped to 6.5% in October - that's the lowest rate since the data started being collected in 1998.
In Germany, which has the largest economy in the eurozone, the unemployment rate is now just 3%. In France, the second largest, it's 7.1%.
The chair of the US central bank Jerome Powell has indicated that the Federal Reserve could slow down on interest rate hikes going forward while cautioning that there's still a long way to go in its fight against inflation.
Also on the programme, Remote banking forces HSBC to shut 114 branches in the UK from April.
And as India assumes presidency of the G20, how could the next 12 months shape the group's agenda -- and what does it really mean for India?
Wage growth has fallen by 1 percent for the first time since the start of the 21st century.
The International Labour Organization has found that wages around the world are falling significantly as a result of inflation, with low and middle-income households hit the hardest.
It’s calling for countries to increase the minimum wage across the board, and for there to be more help such as vouchers for those households who are really struggling.
Devina Gupta presents. NATO says it will help Ukraine repair damage to its energy network caused by Russian missile strikes. Meanwhile Germany sees an unexpected slowing in inflation for November - a result of slight easing to previously sky-high energy prices.
People in China are taking to the streets to protest about the ongoing strict lockdowns in the country. The government is trying to contain a surge in covid infections. Today the government has said it wants to increase vaccinations for the elderly. Only 56% of the over 60s in China - and just a fifth of over 80s - have had three doses of vaccine.
The firm had previously admitted to have "significant exposure" to FTX, which collapsed in mid-November after a rush of customer withdrawals ran out its reserves. We look into the repercussions that this might have in the crypto industry.
Also in the programme, Disney’s returning CEO, Bob Iger, has outlined his vision for a company that had lost momentum in the last few months. We discuss the challenges the executive faces, which includes reversing recent losses registered by the company in their streaming and film-producing businesses.
And we look into why Ghana has announced the steepest interest rate hike of the last 19 years.
Authorities in China are seeking to end protests against Covid restrictions that spread to some of its biggest cities over the weekend.
Many cities across the country are locked down as the government tries to control record Covid-19 cases.
We'll find out what effect this new instability is having on financial markets and businesses in China.
Jaguar Land Rover has announced it will reduce output temporarily as the firm struggles to stock up on microchips. We explore why the shortage is lasting so long and its impact on the car making industry.
We also discuss the latest from Black Friday, with Amazon workers striking and protesting in several countries on the biggest shopping day of the year. And we take a look at what stores in the US are doing to clear inventories in a slowing economy.
Also in the programme, have US financiers fallen out of love with English football? And early rising is one of the latest trends on TikTok for those on the search of success. But what for some is a choice, for others is a necessity.
It's the biggest retail day of the year in many parts of the world. But in the midst of an economic storm, is Black Friday the bellwether of a gloomier holiday season? For the African e-commerce platform Jumia, Black Friday comes at a particularly turbulent time. The firm's co-founders stepped down after it posted major losses earlier in the year. Jumia's new boss tells us about the latest restructuring effort. Another company seeking to transform its fortunes is the web platform Yandex, often touted as Russia's answer to Google. We hear why part of that means cutting ties with the country altogether.
Daily Covid cases in China soar to record high since the pandemic began, despite the government's intense strategy of lockdowns and mass testing to prevent infections. We hear from residents about the current situation in the capital, Beijing, where there's been a renewed surge in cases.
Also in the programme, we take a look at the latest developments in the European Union, where members are struggling to agree on a price cap to gas imports.
Zimbabwe has vowed to double government spending in 2023, as the government says the country is now emerging from a recession. We explore how authorities are dealing with high levels of inflation and debt.
JCPenney's Chief Marketing Officer explains why Black Friday is important to retailers the US amid the current cost of living crisis.
There's looming uncertainty across major Chinese cities as coronavirus continues to spread. Deserted streets and tower blocks under quarantine are familiar sights again in Beijing. But are citizens more worried about lockdowns and livelihoods than the virus itself? Elsewhere, as Americans (and other consumers) prepare for Black Friday, retailers are hoping for heavy spending in spite of household price pressures. The UN has agreed to take a lead on global tax rules, after member states criticised the OECD's six-decade track record. Also, World Business Report blasts off to find out why the race for space is heating up once again.
Russian shelling knocks out electricity supplies to large parts of Ukraine, leaving the country with practically no undamaged thermal and hydroelectric power plants. We talk to Natalie Jaresko, a former Ukrainian finance minister.
The International Monetary Fund has urged China to boost its Covid-19 vaccination rates in hopes the authorities might soon rework their Covid Zero strategy. This comes as Beijing is struggling to maintain its policy of using mass testing and lockdowns to eliminate the virus. We hear from a local resident in the capital about growing discontent surrounding these restrictions.
We also look at the reported clashes between police and workers at the largest iPhone factory in the world, in the Chinese city of Zhengzhou. Covid Zero policies have led to weeks of unrest in these facilities.
Credit Suisse has warned it will lose around $1.6 billion in the fourth quarter after customers pulled their investments and deposits over concerns about the bank’s financial health. We discuss what’s happening at the bank.
One of the world's biggest football brands could soon have a new owner. The Glazer family, who have drawn controversy and fan protests for decades, have announced they may sell Manchester United. The news came just hours after an announcement Cristiano Ronaldo was to leave the club. In a special edition of World Business Report, broadcast live from near the club's Old Trafford ground, we hear from United's global fan base and experts in the field of football finance.
A US bankruptcy court says troubled crypto firm FTX collapsed after being "run as a personal fiefdom of Sam Bankman-Fried". A lawyer leading the bankruptcy proceedings describes the situation as "one of most abrupt and difficult collapses in the history of corporate America".
In Nigeria, all is set for President Muhammadu Buhari to unveil redesigned naira notes.
The Organisation for Economic Cooperation and Development releases latest forecast, says world growth is set to slide from 3.1 percent this year to 2.2 percent next year.
And Manchester United confirms Cristiano Ronaldo is to leave the club by mutual agreement.
The latest forecast by the OECD (Organisation for Economic Co-operation and Development) has suggested mixed fortunes for global markets in 2023. But, they warn, it will be felt alongside an overall stall in growth due to international pressures from inflation and world events. Among the wealthy nations set to fare the worst is Italy. The country's new government has unveiled a new budget with energy support at its core. We find out what it will mean for citizens. We have more from Beijing as Covid cases rise to a near-high since the beginning of the pandemic. Also, the new race for space: meet the agencies vying to generate energy beyond Earth's frontier.
Global oil prices staged a comeback from 10 month lows today caused by conflicting reports that oil cartel OPEC+ is considering a 500,000bpd output hike. The Saudis denied the reports.
South Africa's troubled energy utilty company Eskom, says it has run out of cash to buy diesel. The country has been grappling with months of severe power cuts which are hurting businesses and the economy.
Is the boomerang CEO good for business? Bob Iger's shock return to Disney less than a year after he retired sparks a conversation.
Officials in Beijing have described a 'grim and complicated' situation as coronavirus cases rise across China - putting pressure on the country's 'zero Covid' policy. It's again raised questions over how long the stance can last, and how damaging it will be to the world's second largest economy. Disney has welcomed back its former chief executive, Bob Iger, after a turbulent period for the media giant. But can he transform its fortunes this time around? We look at the reality of fan life as the World Cup begins in Qatar, and the latest revelations in the collapse of crypto exchange FTX.
The latest global gathering aimed at tackling climate change has concluded in Egypt - but was it more than just hot air? We assess the financial arguments brought to the table at COP27. Also on the programme, reaction to the sentencing of convicted Silicon Valley fraudster Elizabeth Holmes; and what an alcohol ban at the Qatar World Cup means for football and beer's relationship.
Alcohol will not be sold to fans at the World Cup's eight stadiums in Qatar after Fifa changed its policy two days before the start of the tournament. But what does it mean for its main sponsor, the American beer giant Budweiser?
The first two weeks as Twitter's owner Elon Musk has been brutal with staff, firing some of them after criticizing tweets. Since the billionaire's $44 billion takeover in October, the company was shaken by scandals. The combative email is the latest sign of escalating tensions inside Twitter, despite the Tesla CEO saying he will ‘reduce’ time at Twitter and eventually hand over the reins.
Kali Hays, senior tech reporter from Business Insider in Los Angeles here to explain the consequences which can happen after the mass employees resigns.
Also, in the programme Cary Leahey, economist at the University of Columbia, who's discussing with us an Autumn statement.
And Layah Helpern, cryptocurrency expert from the US, explains what's going on crypto market.
(Picture: Hand holding speech bubble. Blue birds megaphone. Content marketing concept. Credit: Getty Images)
Leaders say a UN-brokered agreement to allow shipments out of Ukrainian ports will prevent food shortages worsening. Ukraine's agriculture sector has welcomed the news. In the UK, ministers have sought to calm recent financial turmoil with more tax and spending announcements. But will the markets buy their optimism? Also, a treat for fans of Spanish football - in the Middle East. We hear why Dubai is playing host to a brand new theme park centred around Real Madrid.
There are variety reasons behind the big tech companies' job cuts. Experts from California say how hiring, inflation and major changes in many companies are impacting tech business. Michael Bernick, former Director of California's labor department, the Employment Development Department (EDD) discusses the current situation in the US job market.
Also, we will have a look at the crypto market where investors are trying to keep their heads above the water. And we'll find out why Mariah Carey being criticised for attempting to monetise Christmas.
(Picture: Students Working On Computer Assignment During Seminar Group. Credits: Getty Images)
What is the future for big tech? With reports that Amazon is cutting jobs, following Twitter and Meta, we ask is the industry slowing down. Also, third time lucky for NASA as it finally get its Artemis One rocket off the launchpad, we find out what the launch means for the future of the lunar economy. We speak to Vanessa Friedman, Fashion director at The New York Times, about Estée Lauder multi-billion purchase of Tom Ford. We hear from Uganda, as Africa tries to boost demand for coffee across the continent.
Missiles have landed in Poland near its border with Ukraine, killing two people, reports say.
The reports came after Russia launched a wave of attacks across Ukraine, but it is not yet clear what has happened.
Russia dismissed claims it was responsible, calling them "a deliberate provocation in order to escalate the situation".
The US and other international powers said they were investigating but are yet to apportion blame.
(Picture: Close-Up Of Flag Against Built Structure. Credit: Getty Images)
As Moscow assaults Ukraine's power and infrastructure with fresh missiles, we speak to a former Ukrainian economic minster in Kyiv sheltering from the blasts.
We get the view of the people of Lagos on how the city copes with overpopulation, as the United Nations says a baby born somewhere in the world today will become the eight billionth inhabitant of our planet.
We hear from Paris as the French capital overtakes London as Europe's largest financial hub.
World leaders including Joe Biden, Xi Jinping and Rishi Sunak will be attending the G20 summit, an annual meeting which includes 19 advanced and emerging economies was created after the Asian financial crisis in 1999.
Frank Lavin, an Under Secretary of Commerce in the US and an expert of US China trade relations explains how the US president Joe Biden rhetoric can affect relationships with China.
Molly Jane Zuckerman, head of content at CoinMarketCap, an information website owned by Binance and gets her salary in bitcoins.
Peter Jankovskis, Vice President Research & Analysis, Arbor Financial Services shares his views about the cryptocurrency world.
Stephanie Hare, technology researcher and journalist updates us on the largest privacy settlement in the US history. Google will be paying 40 US states $391 million to resolve the investigation of the location tracking practices in 2018.
Joe Oliver, Former Canadian finance minister explains how Canada is able to provide Ukraine with economic aid during the cost of living crisis.
As Joe Biden holds his first face-to-face meeting with Chinese leader Xi Jinping since he became president, we speak to George Magnus, Associate at the China Centre at Oxford University, about how the countries economies are faring.
We hear from the BBC’s business correspondent Archana Shukla in Colombo after Sri Lanka’s new Government set out it’s budget plans for the country. Former Finance Minister for the country Eran Wickramaratne gave us his reaction.
Molly Jane Zuckerman, content czar at CoinMarketCap, tells about calls for more regulation in the Cryptocurrency market, in the wake of the collapse of the crypto currency exchange FTX.
With Mozambique exporting it’s first liquefied natural gas we speak to Claudio Descalzi, the Chief Executive of Eni the company mining the gas.
The troubled trading exchange, FTX, has collapsed after a run on its assets earlier this week. That triggered a failed buyout deal and a crash in the value of Bitcoin. Hear the latest on World Business Report.
There are celebrations on the streets of Kherson as Russian troops pull out of the Ukrainian city. But businesses tell us there's a long way to go towards economic recovery.
Meanwhile, East Timor one of the world's poorest countries, could be about to expand its economic horizons through membership of the ASEAN partnership. Also, home working: a hangover from the Covid pandemic or a sustainable model for the future?
We hear US President Joe Biden's address to the UN's COP27 climate change summit in Egypt, as he outlines a plan to crackdown on methane leaks from the oil and gas industry. We hear from Daniel Kammen, a Professor of Nuclear Engineering at the University of California, Berkeley - and a climate change advisor to US administrations over two decades.
The major cryptocurrency exchange FTX has filed for bankruptcy protection in the United States. It caps a tumultuous week for the platform, which was worth billions of dollars just days ago. Alix Stewart, fund manager at the UK brokers Schroders, explains the significance.
Russian forces have retreated from the southern Ukrainian city of Kherson. Ukrainian forces have now regained control of that city, in a huge blow to Moscow. Meanwhile, western sanctions continue to hurt Russia, as the country's isolation from the west deepens. We hear from Sergey Aleksashenko, a former deputy minister of finance of the Russian Federation who also used to be a deputy governor of the Russian Central Bank.
Are prices finally stabilising for American consumers? The latest numbers appear to suggest it's the case - and markets have reacted with optimism. We examine why the rate of inflation has slowed in the US, and whether the cooling-off will last.
Flooding in Pakistan has brought devastation to millions of lives. At the COP27 climate summit, the country's prime minister has warned the total bill could top $30 billion.
Also on World Business Report: the latest on the demise of crypto platform FTX, more bad news at Elon Musk's Twitter, and fast food chain KFC apologises for referencing the atrocities of Nazi Germany in a marketing campaign.
Central banks have, for a number of years, warned people about putting their money into cryptocurrencies because the value of digital coins is extremely volatile.
Now Binance, the world’s largest cryptocurrency exchange, has pulled out of a deal to acquire its rival FTX – with millions of dollars at stake.
We hear from Hungary where the government is freezing prices for eggs, chicken, pork and cooking oil, in an effort to tackle inflation.
Plus we hear about China’s Singles’ Day – one of the biggest shopping days in the world.
(Pic: Rusty Bitcoin Sign is Demolishing and Collapsing. Credit: Getty Images)
The founder of Facebook Mark Zuckerberg has said sorry after the tech giant laid off more than 11,000 staff 13% of its global workforce. Senior Tech Reporter Kali Hays from Business Insider in Los Angeles gives us her assessment of the move and what it means for the sector. Its investment day at the Climate change conference in Sharm El Sheikh in Egypt. There are worries that Africa will not get the money it needs to move to cleaner energy supplies. We hear from Makhtar Sop Diop the Managing Director of the International Finance Corporation, which is part of the World Bank. Voters in California have rejected a proposal from several big betting companies to allow online gambling in the state. The companies had pushed for a referendum on the issue but faced a backlash from over 50 Native American tribes, who rely on traditional casinos for their income. The tribes won the referendum. Chad Baynon is a gaming industry analyst at Macquarie Group in New York and gives us his verdict on the decision. (Photo: A view of Facebook parent company Meta"s headquarters in Dublin. Credit: Brian Lawless/PA Wire)
The parent of Facebook and WhatsApp, Meta, has announced 11,000 staff will lose their jobs in a major payroll cut. It's the latest big company to announce layoffs amid a global tech sector crunch. America's two main parties have fought a close battle in the US midterms - so how different is their vision for the country's economy? A leading German economist shares his concerns around a recession in the coming months. We're also joined by the secretary-general to the Commonwealth of Nations, Baroness Scotland, as COP27 continues in Egypt.
Cop 27 is under way in Egypt and we examine what this means for the world's fastest growing continent Africa. We speak to Lily Odarno, the Director of Energy and Climate Innovation for Africa at the Clean Air Task Force and ask her how the continent will increase its energy supplies over the next few decades.
We are in Las Vegas to hear about a post-pandemic bounce in tourism. In June, 4.8 million people visited the bright lights, casinos and big shows. Fletch Burnett the Vice President of Marketing for the Las Vegas Convention and Visitors Authority tells us why Vegas is booming.
The US based owners of Liverpool Football Club football have said they would consider new shareholders, after reports emerged that the club is being put up for sale. The Fenway Sports group also own the US Baseball side the Boston Red Sox. US finance expert Kieran Maguire from the University of Liverpool explains what it means for this massive English football club which has a huge following around the globe.
The midterm elections decide the makeup of the US Congress, which has two parts: the House of Representatives and the Senate.
Voting is held every two years and when they fall in the middle of the president's four-year term of office. We hear from Kenneth Mayor, Professor Department of political science at the University of Wisconsin and Anna Wong, US Chief Economist at Bloomberg Economics, Former member of the Federal Reserve Board, White House Council of Economics Advisers, and U.S. Treasury.
Belarus has banned the imports of Skoda, Liqui Moly and Beiersdorf products. Belarusian economist Jaroslav Romanchuk explains the economic impact.
India's Supreme Court has upheld a controversial law that allows 10% of college places and government jobs to be reserved for poor people. Indian lawyer Nikita Sonavane tells us more.
(Picture: American flag in Midtown Manhattan Credit: Getty Images)
China's import and export markets both shrunk unexpectedly in October. It's the first drop since the early days of the Covid pandemic. China has maintained a strict 'zero Covid' policy since then - with lockdowns bringing factory production in cities to a virtual standstill. So how much is that policy to blame for the slowdown? World leaders and delegates are gathering in the Egyptian city of Sharm-el-Sheikh for the COP27 climate change summit. We hear how the emphasis is being put on responsible business. Also on World Business Report, we hear how Sri Lanka is banking on a tourist revival to aid its economic recovery.
The Bureau of Labor Statistics reported on Friday that the US economy added 261,000 nonfarm payroll jobs in October, while the unemployment rate rose slightly to 3.7%. Jobs growth in the US is continuing, but why is it a worrying sign for the US economy? Michelle Fleury, our New York Business Correspondent explains how unemployment rates are affecting inflation.
Meanwhile, Chris Low, a Wall Street markets analyst at FHN Financial discusses todays fall in value of the dollar.
Also in the programme, we speak to environment correspondent Matt McGrath about the upcoming COP27 summit in Egypt which kicks off this weekend.
And we talked to Mitali Nikore, an economist from Delhi about the cost of air pollution in India.
(Picture: A mature woman driving a truck. Credit: Getty Images)
While the US is bracing for midterm elections next week, local businesses in different sectors are ready to fight inflation. We hear from Mariyah Saifuddin, the founder of Innovative Solution Partners, a data analytics company based in Detroit Michigan and Candy Valentino, a serial entrepreneur and real estate investor, based in Scottsdale, Arizona. They tell us what challenges business owners have to overcome.
Also in the programme, we are talked to Vicky Pryce, an international economist. She explains how inflation is affecting UK economy.
We move around the globe to Turkey's inflation, which hit a 24-year high of 85.5% after rate cuts. Murat Sagman, an economist from Istanbul talks about the reality behind these numbers for millions of families in his country.
(Picture: Senior couple sitting at the kitchen table looking at digital tablet and recalculating their expenses. Credit: Getty Images)
Ghana's Cedi extended the world's biggest loss against the dollar this year, dropping as much as 9.6% - its biggest decline in 22 years.
A UK subsidiary of mining giant Glencore has been ordered to pay more than £275m for bribing officials in African countries to get access to oil.
The company paid $26m (£23m) through agents and employees to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011 and 2016.
The US Federal Reserve on Wedndesday aproved a further hike in interest rates of 0.75%. It’s in a bid to tame inflation which has skyrocketed to its highest in four decades.
As the world arrives in Cairo for COP27 which begins on Sunday, Egypt is battling a crisis in its economy as well as its environment. The country is dealing with the after effects of the pandemic as well as the Russian-Ukraine war.
Also, Mexico celebrates the Day of the Dead – but could it spell a tourism revival for Central America?
European shares and US stocks are drifting ahead of the Federal Reserve interest rate decision. The US central bank is expected to hike its benchmark rate by another three-quarters of a percent, pushing it up to 4%. We talked to Daleep Singh, chief global economist at PGIM Fixed Income, about market expectations.
We also looked at the weakness of Nigeria’s currency, the naira. It’s been blamed on the central bank’s plan to redesign its bank notes, but is there more to it than that?
And we spoke to Matt Navarra, a social media consultant. He talked about Elon Musk’s plans to make money from Twitter’s famous blue ticks.
(Picture: Statue of George Washington Credit: Getty Images)
Brazil's far-right president, Jair Bolsonaro, has finally broken his silence after a defeat at the polls on Sunday. But he did not contest the result either, as some had feared he would.
Chinese stocks listed in the US surged on Tuesday, fuelled by speculation that Beijing is preparing to phase out ‘Zero-Covid’ policy. But is it really likely?
Also, we look at the impact on US workers as a new salary transparency law takes effect in New York; and the boss of a recycling firm casts doubt on some new figures published by Greenpeace.
Oil giant BP made $8.2 billion between July and September, more than double its profit for the same period last year. Surging oil and gas prices have led to big gains for energy firms but are also fuelling a rise in the cost of living. BP expects to pay $800m in UK windfall taxes this year while rival Shell recently said it will pay none. Cornelia Meyer, an economist, independent analyst and the CEO of business consultancy MRL, joined us from Saudi Arabia to talk us through the disadvantages of windfall taxes. Meanwhile, another important oil producer: Russia. The war in Ukraine has had a huge impact on its ability to sell oil on the global market. December 5 is a date for your diaries - that is when some Western countries want to put a price cap on Russian oil. Mikhail Krutihin, a Russian oil and gas analyst, explained why BP hasn't sold its shares in Rosneft yet. Also in the programme, we will talk about the Hang Sen index in Hong Kong, one of the world's largest stock exchanges. It rose by more than 5 percent on Tuesday. Rebecca Choong Wilkins from Bloomberg explained what happened today on the market.
US President Joe Biden has called on oil and gas companies to either use their record profits to lower costs for Americans at the pump, or pay a higher tax rate. President Biden also wants them to boost US production or face additional restrictions.
Also on the programme, The International Labour Organization, which is affiliated to the United Nations, has said there's now a decline in the global demand for workers, reversing recent rises in employment numbers in the wake of the Covid-19 pandemic.
We get to know how the business community in Brazil is reacting to Luiz Inacio Lula da Silva's victory at the polls.
There have been major fears about global food shortages this week following the news that Russia was pulling out of a UN-brokered deal to allow grain shipments out of the Black Sea. The programme director for Africa at the International Crisis Group, Murithi Mutiga, echoes the anxieties of many.
Also, more reactions to president Nana Akufo Addo's speech as Ghana grapples with runaway inflation as prices of basic commodities hit the roof.
Brazil has taken a turn to the left as former president Luiz Inácio Lula da Silva beat far-right incumbent Jair Bolsonaro in the presidential election. We hear from Bloomberg economist Adriana Dupita in São Paulo and Brazilian farmer Karl Milla.
Some African countries rely on Ukraine and Russia not only for most of their grain supplies, but also for fertilizers. The Program Director for Africa at the International Crisis Group in Nairobi, Murithi Mutiga joins us.
Apple's main iphone assembler Foxconn is preparing to shift some of its production, after a Covid outbreak forced staff to lockdown at the workplace. Howard Zhang is the editor of the BBC's Chinese Service.
(Picture: SAO PAULO, BRAZIL, OCTOBER 31 : Luiz Inacio Lula da Silva gives a press conference after the election results at the Avenida Paulista, Sao Paulo, Brazil, on October 31 , 2022. Picture Credit: Getty Images).
The SEC has taken off the shares of Twitter as the world’s richest man Elon Musk, closes the deal to buy the social media platform.
On Sunday, Latin America's largest economy Brazil, heads to the polls to decide who becomes the next president. There's a lot to play for in terms of the country's economy as spiralling prices have forced some to change their spending habits.
And in Turkey, businesses struggle to stay afloat as the battle crazy high price inflation which is now running at 83 per cent.
he world's richest man, Elon Musk, has completed his $44bn takeover of the social media firm. CEO Parag Agrawal and a number of top executives have reportedly been fired and escorted out of the San Francisco headquarters as part of the deal. We hear more from the BBC’s business correspondent in New York Michelle Fleury.
Brazilians will go to the polls on Sunday to elect their next president in a runoff between left-wing former president Lula da Silva, and right-wing incumbent Jair Bolsonaro. The BBC’s correspondent in Brazil Camilla Mota reports on the role poverty is playing ahead of the elections.
Amazon has projected the slowest holiday-quarter growth in the company’s history. The tech firm had been expecting to make 155 billion dollars, but it has now reduced that figure to between 140 and 148 billions. Neil Saunders, managing director of GlobalData Retail, in Arizona, tells us more.
And Rihanna has released a new single after six years. Carl Lamarre, deputy head of Hip Hop and RnB at Billboard, joins us to discuss what she’s been up to during that time.
The US economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.
The better-than-expected figure is one of the last major economic readings before US midterm elections next month.
Also, in the programme, we will discover how votes for the future presidential election will be spread in North-eastern of the country among electorate.
We start off this edition of the World Business Report podcast with a look at the European Central Bank's third interest rate hike of the year. At 1.5% interest rates are at their highest level since the global financial downturn of 2009. Maria Demertzis, Deputy Director of the Bruegel, an economic think tank in Brussels, joined us to discuss the immediate and long term effects of this strategy.
Next, we hear from Chin Le-Chewin, the boss of China's development bank about why they keep lending to countries with already crippling debt.
In its annual report, the International Energy Agency (IEA) has warned that the first truly global energy crisis may be on the horizon as a result of Russia's invasion of Ukraine. Our presenter Sam Fenwick speaks with the Chief Energy Economist at the IEA, one of the co-lead authors of the report.
Emma Wall is the Head of Investment Analysis at the UK brokers Hargreaves Lansdown and joined us for the latest on the markets.
And finally, we end the programme with some good news. India's men's and women's national cricket teams will be paid the same appearance fee to represent their country. The announcement came from the India's top Indian cricket official, Jay Shah: who said, 'Pay equity was my commitment to our women cricketers". Diana Edulji, Indian's first woman cricket captain spoke joined the programme to discuss the significance of this milestone.
This edition of World Business Report was presented by Sam Fenwick. Senior Producer: Izzy Greenfield | Producers: Devina Gupta and Gabriele Shaw
Meta, the parent company of Facebook, reported a second consecutive quarter of declining sales on Wednesday, as the company contends with a widespread drop in online ad spending and rising competition from TikTok. Revenue declined 4% year on year, the earnings report showed. That slump exceeded the 1% year on year decline during the previous quarter. Shares of Meta were down more than 10% in after hours trading immediately after the announcement. We crunch the results with Nicola Kemp from tech platform Bite. Also on the programme, more from our interview with World Bank President David Malpass. Dr Rishikesh Ram Bhandary from the Global Economic Governance Initiative reflects on his remarks on China's debt strategy. As Nigeria prepares to withdraw its lower value banknotes, BBC Africa's Nkechi Ogbonna explains why the naira is changing.
Sales at the tech giants Alphabet and Microsoft are slowing sharply because of fears of a downturn in the economy. Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets. Sir Martin Sorrell is the founder and Executive Chairman of the advertising firm S4 Capital, and used to be the chairman of WPP, one of the world’s largest marketing companies. He gives us his reaction. We hear from the President of the World Bank David Malpass. He has said the global economy is facing a 'grim outlook' which could last for decades. It's because of rapidly rising prices and higher interest rates, a debt crisis threatening to affect economies around the globe. Melanie Debono Senior Europe Economist from the research firm Pantheon Macroeconomics shares her thoughts on the programme. We find out why the price of a decade-long motorbike permit has hit nine thousand US dollars in Singapore. The BBC's Joao Da Silva is in Singapore and explains how it is affecting many of the city state's moto delivery riders.
Ukraine's energy sector is buckling under the intensity of recent Russian bombardment. Deputy prime minister urged refugees not to return this winter to help ease pressure on the country's energy system.
Results season is in full swing in the US, as two big tech companies - Alphabet, parent company of Google and Microsoft reporting their third quarter earnings.
Ministers of the European Union meet in Luxembourg to map out a road plan to reduce their gas bills. We talk to the Spanish Energy Secretary, Sara Aagesen, about the initiatives the country is trying to push to strengthen energy security in the continent.
Chinese technology stocks have seen big falls as foreign investors sell off shares of giants like Alibaba and NIO. We hear more from Duncan Clark, Chairman of investment company BDA China.
Rishi Sunak has officially taken office as the UK's Prime Minister. We take a look to the economic challenges he'll have to face with Kate Alexander Shaw, a researcher at the London School of Economics.
Google has been fined $113 million in India after the authorities conducted an anti-trust probe. The BBC's Devina Gupta tells us more.
The last episode of the first season of "House of the Dragon" brought in 9.3 million viewers, becoming HBO's most-watched series finale since the very last chapter of “Game of Thrones” back in 2019. We hear more from Scott Bryan, television reviewer and critic.
Rishi Sunak has issued a plea for unity in the face of a "profound economic challenge" after winning the race to be the next prime minister. But will he successfully unite the government? Professor of Political Economy at the University of Warwick, Ben Clift, gives his assessment.
China released a set of economic figures which had been postponed from the previous week. Sue-Lin Wong, host of "The Prince" a podcast about Xi Jinping, and China correspondent at The Economist, explains the significance of these results.
As Brazil moves into the final stages of a presidential election, Bloomberg economist Adriana Dupita, explains the impact this will have on local businesses live from Brazil.
The former finance minister will succeed Liz Truss seven weeks after she defeated him in the previous Tory contest. He faces the challenge of providing stability for businesses. We look into Sunak's economic legacy with Will Tanner, director of the think tank Onwards, and we ask Keith McAvoy, owner of the brewery and bar chain Seven Brothers, if he thinks Britain's new leader will deliver the help businesses need.
A day after Xi Jinping's rule was officially renewed, China released delayed economic data about its rate of economic growth. We talk to Dr Vera Yuen. And as the global Hindu community celebrates Diwali, the BBC's India business correspondent is Nikhil Inamdar explains why financial markets in that country expect to make profits during the 'golden hour'.
Her Brothers of Italy party won elections last month and she'll be sworn in on Saturday, forming the country's most right-wing government since the second world war. What will this mean for the economy, and economic policy? We speak to Valentina Meliciani, dean of the Luiss School of European Political Economy in Rome. EU leaders agree a "road map" aimed at putting in place measures within weeks to shield European consumers from soaring energy prices. Cornelia Meyer, energy expert and CEO of Meyer Resources, explains how the plan will work. Thousands of homes and businesses were damaged or destroyed when Hurricane Ian made landfall in Southwest Florida three weeks ago. The clean-up and rebuilding costs are expected to reach more than $100 billion, according to catastrophe modelling firm Karen Clark and Company. We have a report from Marketplace's Amy Scott. And the BBC's Devina Gupta speaks to G Abiruben, a firework manufacturer in Delhi, ahead of the Hindu festival of Diwali this weekend.
As EU leaders agree a "road map" aimed at putting in place measures within weeks to shield European consumers from soaring energy prices, we're joined by former European Union Energy Commissioner Andris Piebalgs to discuss what it means for the bloc. Spain and France have also agreed to build an undersea energy pipeline between the two countries at this week's summit - Simone Tagliapetra, senior fellow at the think Tank Breugel in Brussels, explains why.
The BBC's Archana Shukla joins World Business Report from Mumbai to explain why Google is facing a massive fine in India, after an investigation by the country's competition commissioner.
We have the latest from Victoria Craig in Ankara after another much-watched decision from Turkey's central bank, which has seen some of the most persistently high, and fast growing, inflation rates in the world.
And we're joined from New South Wales by dog breeder Chris Stapleton, to explain why an Australian Kelpie sold for a record-breaking $30,000 (USD).
(Picture: (From L), Romania's President Klaus Werner Iohannis, Italy's Prime Minister Mario Draghi, Germany's Chancellor Olaf Scholz, Spain's Prime Minister Pedro Sanchez, President of the European Commission Ursula von der Leyen, Latvia's Prime Minister Krisjanis Karins and Denmark's Prime Minister Mette Frederiksen hold a discussion ahead of a meeting on the second day of a EU leaders Summit at The European Council Building in Brussels on October 21, 2022. Credit: Getty Images)
Liz Truss's resignation means the UK must find its third PM this year. The BBC's Rob Watson brings us up to date with all the reaction, and tells us what the next steps will be in choosing her successor. We also get reaction from UK business, and hear from construction firm The Deeley Group what policies it wants from the new PM. And Cary Leahey, economist at the University of Columbia, tells us how international markets have reacted to Truss's resignation. In Nigeria, inflation has reached 20.7 percent - the highest rate for 17 years. Babajide Ogunsanwo runs a business in the capital Lagos and tells us how people there are coping with higher prices. And it's estimated that a third of the world's population don't have access to the internet. We hear from farmers in Kenya who are using the internet and social media apps to grow their business, and also from the head of the UN's development programme, Achim Steiner, about how it is making digital connectivity a priority.
UK Prime Minister Liz Truss has resigned. In a statement she said could not deliver the mandate on which she was elected as Conservative leader. Her premiership has been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor.We hear what this all means for the economy from Paul Drechsler, the chair of the UK arm of the International Chamber of Commerce. We also hear from Linda Yueh who is a Fellow in Economics at Oxford University. The Ghanaian Cedi has become the worst performing currency in the world after it lost 45.1% of its value to the US dollar in 2022.The government is to begin formal negotiations with the International Monetary Fund for a $3 billion bailout programme. Pamela Mortu is the owner of Pam's Diva Foods and Setups, a catering service provider in Accra and talks about what this means for businesses. Turkey's central bank has cut the interest rate for the third time in three months. Millions of Turkish people are experiencing economic hardship because of high inflation. We hear from our reporter in Turkey Victoria Craig.
President Zelenskiy says a third of Ukrainian power stations were destroyed in eight days. How are people and businesses there coping? We speak to Alex Dayrabekov, a business consultant living and running a business in Irpin, near the Ukrainian capital Kyiv. The car maker Tesla publishes its latest financial results. Sarah Kunst is a tech investor and managing director of Cleo Capital, and analyses these latest numbers for us. The video-sharing platform Tik Tok is raising the minimum age for livestreaming from 16 to 18, after the BBC found that hundreds of children in Syrian refugee camps were using their accounts to beg for money. BBC reporter Hannah Gelbart tells us about her investigation. And as Indians prepare for the Hindu festival of light this week, we ask whether they are prepared to spend as much on Diwali as usual, given the cost of living crisis.
Hong Kong’s Chief Executive John Lee has unveiled plans to give two-year visas to high earners and graduates from the world’s top 100 universities and give property-tax breaks to foreign buyers who go on to become permanent residents and benefits to companies. Companies will also be able to hire mainland professionals more easily under the plans. Shuli Ren is a Bloomberg Opinion columnist based in Hong Kong and shares her thoughts on this. We hear from our reporter in Tunis, Souhail Khmira about how Tunisian bakery owners are ceasing operations. They say they will demonstrate at their union headquarters until the government pays them overdue compensation for bread subsidies. The European Union could impose new sanctions on Iran following further investigations into whether it helped Russia in its war in Ukraine. Tehran is being blamed for providing drones, which have been used to attack Kyiv. We speak to Ali Mazroui in Brussels. He is a former Iranian MP, and has been an economic analyst for the Salaam newspaper in Iran.
The European Commission's emergency measures do not include a price cap, as member states are divided over the idea. But the Commission does want to draft a proposal for a temporary 'maximum dynamic price' on certain trades. We get more on how this might work from Dr Thierry Bros, energy expert and professor at Sciences Po in Paris. Facebook owner Meta has been ordered to sell its gif-creation platform Giphy, following a ruling by the UK competition authority. Ryan Broderick, freelance web culture writer, gives us the details. And as streaming service Netflix publishes its latest set of results and subscriber numbers, we speak to TV critic and broadcaster Scott Bryan for analysis.
The strike by French oil workers is now in its third week, and has shut six of France's seven oil refineries. With long queues of cars now a regular sight at the pumps, the government wants to get the fuel flowing again. The government has said it would use mandatory powers to force some of them to go back to work. We talk to Paris based independent journalist Catherine Guilyardi about its impact on the country. We hear from our reporter in Ghana Thomas Naadi about fuel protests. It is one of the main hotspots in West Africa where there's a real anger about how local currencies have become crippled by the strength of the dollar. We hear from South Korean food writer Joe McPherson about how a bad harvest in the country has led to China exporting cheaper cabbages.
Rescue workers and US military personnel have been searching for survivors of Hurricane Ian in the state of Florida, as thousands of people remain unaccounted for. Local reports say many people are still waiting to be rescued. Will Bain hears from disaster modeller Chuck Watson, the Director of Research and Development for Enki Research, who says the impact of the storm will cost billions of dollars.
Brazilians will vote in the first round of the presidential election this Sunday. The incumbent, the right wing Jair Bolsonaro trails in the polls against former president Luiz Inacio Lula da Silva, who sits at the other end of the political spectrum. Marcos Casarin is an economist at Oxford Economics.
The New York Yankees' baseball player Aaron Judge approaches the record of 61 home runs - but Yankees fans in New York City might not be able to watch it. New York Post sports media columnist Andrew Marchand tells us why.
We hear the latest from Florida and Cuba, as Hurricane Ian makes landfall in the US.
In one of Europe’s largest initial public offerings, Porsche shares climbed on their debut in Frankfurt. Our international business correspondent Theo Leggett told us how the first day of share sales.
With the Brazilian election fast approaching, we hear from Marcos Zanarzay who is running for state legislature in Rio de Janeiro for the free market Novo Party - an party outside the big two of Mr Bolsonaro and Lula. Economist Paulo Nogueira Batista talk us through the key issues ahead of the weekend.
It’s been another windy day for the British economy as the Bank of England intervenes to buy government debt. The leader of the UK's main opposition party - Keir Starmer says the government has lost control of its finances.
Raoul Puparel, head of the Boston Consulting Group and a former special adviser to the UK Prime Minister on Europe, describes the situation as unprecedented.
How are the markets reacting? Susan Schmidt who's Head of US Equity at Exchange Capital Resources in Chicago tells us.
Hurricane Ian bears down on the East Coast of Florida in the US, leaving more than a million people without power. President Biden warns people to take heed of the advice of local authorities.
Suspicions continue about the blasts on Tuesday in the Baltic Sea that damaged the pipes bringing gas to Europe from Russia. Melinda Hearing, the deputy director of the Atlantic Council’s Eurasia Center shares her thoughts.
Retailers and consumers in Liberia are spending days and nights in queues to buy small quantities of rice which is fast disappearing from shops and marketplaces in the country. Clarence Jackson, a Liberian journalist, tells us what exactly is happening.
From movies to boxsets then music and now sport - is the new streaming war out on the pitch? Shay Segev, DAZN Group CEO sheds more light on the new deal to buy ELEVEN Group's global sports media businesses.
The BBC'S New York correspondent, Michelle Fleury explains the IMF's concerns about the new fiscal measures adopted by the UK.
Mark Sobel, a former US treasury official who is now chair of OMFIF a think tank, highlights the importance of sterling to the global economy.
Polish Prime Minister, Mateusz Morawiecki has reacted to the gas leaks from Russian-controlled pipelines, describing the damage as an act of sabotage. But the US Secretary of state, Anthony Blinken, takes a more cautious approach.
The leader of the opposition party in the UK, Sir Keir Starmer, has announced a new Labour policy for tackling climate change - setting up a state-owned energy company - called Great British Energy.
We speak to Jacob Schlandt, a journalist based in Germany about the effects of the leak on the markets.
As Florida braces for Hurricane Ian, Cathy Perkins, the Director of Pinellas County Emergency Management talks to us about the situation.
Food delivery drivers in Brazil are facing hard times trying to save a mere 3 dollars extra a day on fuel. BBC journalist, Agustina Latourrette speaks to some of them.
Paris Fashion Week is back in the French capital with a bang. The BBC's Bisi Adebayo caught up with Lucy Maguire, a reporter for Vogue Business who's at the show in Paris.
Britain’s pound hit record lows against the US dollar on Monday. So how much is a strong dollar to blame? We speak to Claudia Sahm, the founder of Sahm Consulting and a former Federal Reserve and White House economist. The US has warned Russia that it will impose further economic sanctions if Moscow annexes more territory in Ukraine. Peter Jankovskis of Arbor Financial Services talks us through the likely implications if this happens. In Ghana, the current state of the economy takes centre stage as the government seeks a multi billion dollar finance deal from the International Monetary Fund to tackle economic hardship. The BBC's Ghana Correspondent Thoams Nandi paints a picture of the situation. How will Kenya's president Ruto fulfil his promise to tackle the cost of living crisis and lift people out of poverty? Mr Ruto unveils his plans to the World Service's Alan Kasujja. The fight for domestic workers’ rights continues. The BBC's Laura Heighton-Ginns investigates the exploitation and abuse of domestic workers overseas. Alex Serdiuk, CEO of the Ukraine AI firm Respeecher tells us how it’s been made possible to clone one of the most well-known characters in movie history.
Sterling falls to historic low as markets react to the UK's biggest tax cuts in 50 years. The level of public borrowing to fund the government's plans concerns investors. We talk to Jane Foley, currency strategist at Rabobank.
Giorgia Meloni is set to become Italy's new Prime Minister after her right-wing coalition triumphed in this weekend's elections. What will be the focus of her economic policy? We ask Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development.
The Organisation for Economic Cooperation and Development (OECD) is predicting a 2.8-trillion-dollar hit to the global economy next year as the war in Ukraine continues, and the resulting inflation crisis takes its toll on demand. We hear more from Alvaro Pereira, the OECD's acting chief economist.
The video-sharing app TikTok could face a fine as high as 29 million US dollars after authorities in the UK found that the company may have failed to protect the privacy of users. The BBC's tech reporter Shiona McCallum tells us the details.
The re-release of Avatar has brought in $30 million across global box offices this weekend. Rob Arthur, the director at the cinema and entertainment advisory service Paguro Ideas explains why the movie is so popular.
On World Business Report, we look back at a turbulent seven days for central banks, markets and businesses. It's been a week in which the Federal Reserve raised interest rates again, prompting other central banks to follow; but the move has had negative effects on other major currencies. A global recession seems ever more likely; and Britain's new chancellor has made a series of announcements aimed at growing the UK economy. We're joined by Becky Candy, a business owner and coach in England; former Bank of England staffer Professor Danny Blanchflower; and Wall Street analyst Chris Low. Kai Rysdall from our partner show, Marketplace, also joins the programme to discuss the US maritime industry.
Large numbers of Russian citizens are trying to leave the country to escape the military mobilisation announced by Vladimir Putin. Direct flights to visa-free countries are sold out, and long queues of cars are lining up at the borders. Professor Nikolai Petrov, Senior Research Fellow with the Russia Programme at think tank Chatham House in London talks about the impact of this on the economy. Bad weather has knocked out the entire electricity supply on the Caribbean island of Puerto Rico as Hurricane Fiona causes havoc. We hear from Angelique Sina who runs a business on the Island. And Sean O' Kane an Auto Reporter with Bloomberg News talks about the fallout from electric car giant Tesla after it recalls more than a million cars.
The Federal Reserve increases interest rates by 0.75 percentage points to fight inflation. The new target range is now 3% to 3.25%, the highest level in almost 15 years. We talk to Tom Sullivan, the U.S. Chamber of Commerce’s Vice President of Small Business policy.
The Central Bank of Brazil is expected to keep its interest rate at 13.75%, which would mark the first slowdown in policy tightening by the bank since early 2021. BBC Brazil's Thais Carrança tells us more from São Paulo.
Margarathe Vestager, one of the European Commission's executive vice presidents and its competition commissioner, tells the BBC's Victoria Craig that funding alternative technologies will be a crucial element of the transition to greener sources of energy.
And we take a look at the latest from the markets with Susan Schmidt, head of US Equity at Exchange Capital Resources in Chicago.
Forecasters say the Federal Reserve may increase interest rates in the US by 0.75 or even 1 percentage point. We talk to Joe Saluzzi of Themis Trading in New Jersey.
In Argentina, the Central Bank is trying to fight inflation with interest rates as high as 75%. Carolina Millan, a reporter with Bloomberg in Buenos Aires, tells us more.
A Texas sheriff has opened a criminal investigation into whether dozens of asylum seekers were illegally flown from the state to Martha’s Vineyard. We hear more from Luis Fajardo, from BBC Monitoring in Miami.
New York is hosting the Climate Change Week, with business and political leaders from across the world gathering to take part. We talk to Dan Zarrilli, a professor of Climate studies at Columbia University.
The ride-hailing company said it was responding to a 'cybersecurity incident' and that several internal systems had been affected. Margi Murphy is cybersecurity reporter at Bloomberg News and updates us on the story.
Uganda and Tanzania have strongly criticised a call from the European Parliament for the construction of an oil pipeline to be delayed due to environmental concerns. Elison Karu-hanga is from the Uganda Chamber of Mines and Petroleum gives us his views.
Why do we have such an attachment to some of our favourite brands? We know brand loyalty is a marketing executive's dream - but how have some of our kitchen cupboards seemingly become even more than that - more like old friends? The BBC's Dave Reid investigates.
The UK competition authority has intervened after Facebook parent company Meta applied to buy out the gif platform Giphy. Technology reporter Ryan Broderick gives us the background.
Banks in Lebanon are to close for three days next week following a series of hold-ups by customers demanding money from frozen accounts. Lebanese banks imposed severe restrictions on withdrawals when the country’s economic crisis began three years ago. We hear from Nada Homsi, a journalist for The National in Beirut. China reports better-than-expected figures for its economy in August. The BBC's China Editor Howard Zhang talks us through the data, as well as President Xi Jingping's call for a new approach to international relations. The Chicago Bulls jersey worn by basketballing great Michael Jordan in the opening game of the 1998 NBA finals sells for a record-breaking $10.1 million dollars. Sporting and pop culture auctioneer Ken Goldin explains why it went for such a high price.
Its latest report says some countries will fall into recession in 2023, but that it's too early to predict whether there will be a global recession. We get more analysis from one of the report's authors, Franziska Ohnsorge.
The UK's finance ministry is considering removing limits on bankers' bonuses. How will this affect its financial services industry, and and is the government right to do this in a cost of living crisis? We speak to Pete Hahn, emeritus professor at the London Institute of Banking and Finance.
Kenya's new President William Ruto has scrapped a petrol subsidy, and retail prices are now at an all-time high. The BBC's Charles Gitonga reports from Nairobi.
And rapper Kanye West wants to terminate his partnership with the retailer Gap. He says Gap hasn't fulfilled the terms of their contract, which was aimed at breathing new life into its brand. Julie Zerbo, founder of The Fashion Law website, analyses what this will mean for both parties.
With the IMF saying earlier this month that about 25% of emerging and 60% of low-income countries are having trouble paying their debts, we take a closer look at the scale of national debts around the world. We examine China’s role as creditor for emerging countries and speak to Shanta Devarajan, who’s a former acting chief economist at the World Bank and is also liasing between international financial institutions and the Sri Lankan government.
Zambia is renegotiating its debts with a series of creditors, including China. We hear from Thabo Kawana, Director of the Ministry of Information in Zambia.
Elsewhere, Patagonia’s billionaire founder has given the company away to a charitable trust. Yvon Chouinard announced that all the company’s profits will go towards tackling climate change. We speak to Julia Davies, co-founder of eco-friendly backpack-maker Osprey Europe, who now campaigns for the group, Patriotic Millionaires UK.
The President of the EU Commission, Ursula von der Leyen, focussed on the unfolding energy crisis in Europe. She said the EU was committed to protecting citizens and business from soaring costs, and called for cuts to electricity use and windfall taxes on energy firms. We hear from Riina Sikkut, Estonia's Minister of Economic Affairs and Infrastructure.
The Detroit Motor Show starts this week, and its star guest is US President Joe Biden. We speak to Paul Eisenstein of the Detroit Bureau website who explains the importance of the event.
And could the card payments market soon be welcoming new players to operate alongside Visa and Mastercard? More than 1,600 merchants in the US have asked for legislation to be passed that could see other operators enter the industry - and potentially reduce processing fees.
The President of the EU Commission, Ursula von der Leyen, made her State of the Union address today - focusing on tackling the unfolding energy crisis across Europe. She said the EU was committed to protecting citizens and business from soaring costs, and called for cuts to electricity use and windfall taxes on energy firms. So how would the measures work? We speak to Henning Gloystein, from the risk consultancy Eurasia Group for the detail, and get reaction from Estonia's energy minister Riina Sikkut.
China's President Xi Jinping has made his first overseas trip since the outbreak of the Covid pandemic - to Kazakhstan and Uzbekistan. Temur Umarov, expert on China and Central Asia and a fellow at the Carnegie Endowment for International Peace, talks us through why central Europe is so important to China.
In India, Taiwanese firm Foxconn and Indian mining giant Vedanta have just announced a nearly $20bn investment to build one of the country's first semiconductor factories. It comes as the Indian government pushes to boost chip manufacturing in the country. Tech boss Prem Sanjay, founder and CEO of Zeos Global, joins us to discuss the deal.
And you may never have heard of 'The Merge' - but it is one of the biggest events ever to take place in cryptocurrency. The countdown has begun to Ethereum switching to a new operating model, aimed at drastically reducing its energy use. So why is it so important - and what could go wrong? Our correspondent Joe Tidy explains all.
Twitter's shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn, which means Twitter will now try to force Elon Musk to buy the company in the courts. Cara Lombardo, a reporter at The Wall Street Journal who broke the news of the results gives us an update.
Canada is seeing a mass exodus of workers from the workplace. It's happening in many countries, but what has been called the Great Resignation, is a bit different in Canada. Rural workers are becoming scarce, and the government of the province of Alberta is using a rural immigration programme to try to address the shortage. We hear from local business in Alberta.
One of the giants of French cinema, Jon Luc Godard, has died at the age of 91. He was the godfather of the New Wave of French cinema and one of the most influential directors in the history of filmmaking. But whatever happened to French cinema? Documentary filmmaker and theoretician Eyal Sivan speaks to us from in Marseille.
As the world's richest man, Elon Musk, tries to pull out of buying Twitter - the company's shareholders have been voting on whether to approve the $44bn deal anyway. Meanwhile, whistleblower Peiter Zatko has been giving evidence at a Senate hearing, claiming Twitter executives knew about major security flaws. Our US Correspondent Michelle Fleury joins us to make sense of all of the latest twists and turns.
Staying with the US, the latest inflation figures were higher than expected - so what does that mean for businesses in the world's biggest economy? We talk to Kevin Hubbard, the founder of Rhoback Activewear, to find out.
In Pakistan, as authorities scramble to shore up flood defences in the South, the country's Prime Minister Shehbaz Sharif says the recent flooding could lead to a drop in GDP of up to five percent. The Former Pakistani Ambassador to the United Nations, Maleeha Lodhi, joins us to discuss the challenges now facing the country.
In Africa, we explore the economic issues facing Kenya's new President, William Ruto, as he is sworn into office. And Ijeoma Ndukwe takes us to Nigeria to talk coconuts - and why, despite the country having the perfect climate to grow them - Nigeria still imports more than two thirds of the coconuts it uses.
Russia is currently the world's second biggest arms exporter, but the war in Ukraine has severely impacted the industry. So, will buyers continue to trade? Terrence Guay, Director of the Center for Global Business Studies at Penn State University gives his analysis.
There are many elements of everyday life in the UK that will change since the death of Queen Elizabeth II, including coins, stamps and even the national anthem. The Royal Warrants of Appointment are badges that are awarded to companies that provide goods or services to the Royal Family. They will now be issued in the name of the new King. We hear from Lawrence Mallinson, the director of James White Drinks, a fruit and vegetable drinks company that is waiting for the renewal of their royal warrant.
It's Emmys night in Los Angeles, and the Korean hit Squid Game is expected to do well, not long after Parasite became the first foreign language film to win the Best Picture Oscar in 2020. Seung-hoon Jeong, former Korean film critic and now Assistant Professor of Film and Electronic Arts at California State University Long Beach, explains why Korea’s film and TV industry is proving a hit.
Rahul Tandon looks at the day's international business news. We consider how countries are continuing to unwind their Covid restrictions. Japan's expected to further relax border controls soon, while New Zealand has dropped its travel rules.
Elsewhere, we explore why China's President Xi Jinping is preparing to make his first international trip in years. Plus, the significance of Royal Warrants for UK businesses, and do the finances stack up for Bollywood's most expensive film, Brahmastra?
From memorabilia to new banknotes and coins, the death of the longest-reigning monarch will bring changes beyond the United Kingdom. The BBC’s Samira Hussein tells us about the reactions in the United States to the demise of Elizabeth II.
As Great Britain says goodbye to their monarch, demand for souvenirs related to the Queen has grown. We hear more from Jennifer Myers, owner of a British products shop in New York.
The portrait of Queen Elizabeth II has appeared in at least 33 currencies, a world record. How soon will royal mints around the world begin to produce new coins with the image of King Charles III? We ask Serge Pelletier, member of the Royal Canadian Numismatic Association.
India has recently opened up its space sector to private players, with nearly 60 start-ups signing up to participate in commercial space programmes. The BBC’s Arunoday Mukharji reports.
As the cost of energy rises, calls for a global response and a big focus on markets outside of Russia grow. We talk to Majid Jafar, Vice-Chairman of the Crescent Group and CEO of Crescent Petroleum.
Tributes from around the world are paid to Queen Elizabeth II, who has died at the age of 96. She was Britain’s longest-reigning monarch and is succeeded by King Charles III. We look at her impact beyond the UK, speaking to Stephen Katende from Kisoboka Africa, an educational charity in Uganda which benefited from from the Queen’s Commonwealth Trust.
EU ministers press for the introduction of a cap on Russian gas at a meeting in Brussels. The cost of energy has soared since Russia’s invasion of Ukraine and governments across the continent are under pressure to find a solution. We speak to Simone Tagliapietra, senior fellow at the Bruugel economic think tank in Brussels.
Shanti Kelemen from M&G Wealth brings us the latest from the markets.
The UK’s new Prime Minister Liz Truss used her second day in office to unveil a huge energy support package, which could cost up to $170bn. Household energy bills will be capped at £2,500 annually until 2024, and businesses will get help for six months. The BBC’s International Business Correspondent Theo Leggett talks through the plans. The ECB dramatically raised interest raised to try and curb inflation. We hear reaction to the decision with Stefan Schneider from Deutsche Bank Research. A large oil tanker floating off the coast of Yemen is at risk of imminent collapse. The UN has been raising funds and has almost reached its total to start an emergency operation, which is hoped will save the Red Sea from massive damage. We hear an update from the UN’s Humanitarian Coordinator in Yemen David Gressly. As another craft beer company is bought up by a beer giant we hear from expert Melissa Cole if this trend is good for the industry.
The British pound has fallen to its lowest level against the US dollar since 1985, as a new Prime Minister takes office and investors flock to the safe-haven currency. We hear more from Kenneth Rogoff, former chief economist at the International Monetary Fund.
Cineworld has filed for bankruptcy protection in the United States. The second largest cinema chain operator is struggling to rein in its massive debt. Wall Street Journal's Alexander Gladstone tells us more.
Apple has launched its latest products, which include the iPhone 14 and the iPhone 14 Pro Max. What new features do these smartphones have and are they worth the upgrade? We ask Bobby Allyn, tech reporter for NPR.
As Russia cuts gas supplies via the Nord Stream 1 pipeline to Germany, Berlin now relies on the highly-polluting coal to produce almost a third of its electricity. We talk to Thomas Matussek, a former German ambassador to the UK and adviser to Flint Global.
The record of the priciest female footballer transfer has been broken: Barcelona has signed England international Keira Walsh from Manchester City on a three-year deal. We hear more from Andrea Ekblad is Rights Director - Women's Sports at DAZN.
And we discuss the latest events in the markets with Susan Schmidt, head of US Equity at Exchange Capital Resources in Chicago.
The United States has imposed a ban on companies that receive federal funding from building "advanced technology" facilities in China for 10 years.
It comes as business groups have pushed for more government support in an effort to reduce reliance on China.
Europe’s rivers are at historically low levels due to drought, which means inland barges are carrying much less cargo at higher prices.
As Barcelona signs English midfielder Keira Walsh, could this be the start of big money influx in women's football?
In her first speech since taking over from Boris Johnson as UK Prime Minister, Liz Truss has pledged to grow the economy through tax cuts and reform, to take action on rising energy bills and to boost the National Health Service. We speak to energy analyst and CEO of Meyer Resources, Cornelia Meyer. American e-cigarette maker Juul has agreed to pay a settlement of $438.5 million to end a probe into its advertising to underage buyers as it rose to be one of the major players in the US e-cig market. Dr Laura Crotty Alexander from the University of California San Diego gives us her reaction. As India's IT hub city of Bangalore battles with flood waters, CEO of Purple Front Technologies Meena Girisaballa explains the impact that it's having.
Liz Truss is to become the UK's new Prime Minister, after winning a vote of Conservative party members. She beat rival Rishi Sunak, the former Chancellor under Boris Johnson and has promised to take immediate action on energy bills for households and businesses. We get reaction from UK businesses to her appointment. With global energy prices rising, the OPEC plus group of oil-producing nations has been meeting to discuss the issue. We get analysis from Jorge Leon of consultancy firm Rystad Energy. Ireland's Data Protection Commission has fined the social media company, Instagram, more than $400 million over the way it has handled children's personal data. Adrian Weckler, tech editor at the Irish and Sunday Independent, gives us the background and explains the implications of the penalty.
The UK foreign secretary, Liz Truss, will officially become the Prime Minister on Tuesday when she meets the Queen. The former Conservative cabinet minister, David Gauke, shares his view.
Russia has announced it will not reopen its main gas pipeline to Europe. Energy analyst from the free market think tank, the Institute for Economic Affairs, Andy Mayer, gives his analysis of the situation.
A visitors tax will be introduced in Venice, in a bid to reduce the number of tourists during the city’s busy periods. The BBC’s Vivienne Nunis has been speaking to Venice's deputy mayor for tourism, welfare and economic development, Simone Venturini.
(Picture: TOPSHOT - New Conservative Party leader and incoming prime minister Liz Truss smiles and waves as she arrives at Conservative Party Headquarters in central London having been announced the winner of the Conservative Party leadership contest at an event in central London on September 5, 2022. Picture Credit: Getty Images).
The EU has accused Russia of "fallacious pretences" and "cynicism", after the energy giant Gazprom indefinitely suspended gas supplies to Europe. The company is blaming an oil leak for its decision not to reopen the Nordstream 1 pipeline on Saturday as planned. The BBC's Europe Correspondent Jessica Parker gives us the latest. The pace of jobs growth in the US has slowed, with 315,000 added in August. Randall Kroszner, the Norman R. Bobins Professor of Economics at The University of Chicago Booth School of Business explains what it means for the US economy. American country music icon Dolly Parton branches out into a range of canine clothing called...Doggy Parton. We hear from Michelle Elliott, President and Co-Founder of Sport Pet Designs, which is collaborating with the singer.
US employers added 315,000 jobs in August in the latest figures, despite a jump in unemployment. We ask KPMG's chief economist Diane Swonk what this could mean for the country's economy.
Australia says it's raising its cap on permanent migration for the first time in a decade to try to attract more workers. So where have all the workers gone? The BBC's Phil Mercer offers some answers.
Germany's national airline, Lufthansa, has been forced to cancel hundreds of flights after its pilots went on strike over what they call an inadequate pay offer. Travel journalist Jill Starley-Grainger explains the impacts and arguments of the strike.
China's reopening it's border to foreign students for the first time in more than two years. Richard Coward, who runs a business helping international students apply to Chinese Universities, explains the value of it.
The US dollar, a long-time safe haven for investors, is reaching historic highs against emerging markets’ currencies but also against big players like the Euro and the British pound. What impact is this having around the globe? We ask Steve Hanke, a professor of Applied Economics at the Johns Hopkins University, in Baltimore.
Last year, the Premier League's summer transfer window stood at more than $1.7bn. Will this record be beaten this year? We hear more from Tim Bridge, lead partner of Deloitte’s Sports Business Group.
The Swiss Guard, the elite force in charge of protecting the Pope and the Vatican, is recruiting to expand from 110 to 135 members. Only young Swiss Catholic men can apply, but is it a good career move? Andreas Widmer thinks so. He is a former Swiss guard and now the director of the Arthur & Carlyse Ciocca Center for Principled Entrepreneurship at The Catholic University of America’s Busch School of Business. He tells us why.
Taro Kono, a government minister in Japan, is pushing for a purge of outdated technology. One of the first to go is the floppy disk. But there are people who think otherwise and want to keep using devices that the younger generations had never seen in their life. We discuss with Kari Paul, a technology reporter for The Guardian US, what the appeal of vintage technology is.
The IMF has provisionally agreed a $2.9 billion loan deal to save Sri Lanka from collapse. The country’s economy tanked in April, sparking a wave of fuel and food shortages, hyperinflation and political upheaval. Although the deal isn't complete, many citizens believe it will be a lifeline. Shiromay Coomar, a travel business owner, is optimistic for the future. However, IMF fellow and Sri Lanka think tank chief Dr Paikiasothy Saravanamuttu says there's a long road ahead. We're joined by Pakistan's Finance Minister, Miftah Ismail, as the country deals with another devastating flood. Emma Wall from Hargreaves Lansdown looks at the day's markets. We're also asking if European shoppers are ready to embrace Alibaba, as the Chinese platform aims to grow its western consumer base. Shopping expert Catherine Shuttleworth looks into the retailer's latest strategy.
The Nord Stream 1 pipeline will stop for three days for repairs according to the Russian government, but many European leaders fear Russian could extend this to drive up already rising gas prices across Europe. We hear from Stefan Lechtenböhmer, Director of Future Energy Stems at the Wuppertal Institute in Germany to find out more about what’s happening at the pipeline. Also in the programme; as the world’s largest offshore windfarm becomes fully operational in the UK, Duncan Clark, the head of UK operations at Orsted, who own the windfarm tells us how important this is. And Michael Hecht, an academic at MIT, joins us to discuss a project that could create oxygen for astronauts on Mars, and we go from science to fantasy with Variety’s Michael Schneider, to find out how important the upcoming Rings of Power series could be for Amazon.
The leader of the Communist Party is expected to renew his rule for another five years, amid a slowing economy and fears of a global recession. As the Chinese feel the pinch from the current energy crisis and soaring prices, could there be any opposition to Xi’s plans? We ask Mary Lovely, a senior fellow at the Peterson Institute for International Economics, in the United States.
California’s Senate has passed what is known as the Fast Food Bill, which gives workers at restaurants like Starbucks and McDonald’s the right to negotiate with government and their employers. We hear more from Mary Kay Henry, international president of Service Employees International Union.
Sri Lanka’s new president, Ranil Wickremesinghe, has announced further tax cuts and reforms to try to secure a support deal of between $2bn and $3bn from the International Monetary Fund. We talk to professor and former Chief Economist at the World Bank Shanta Devarajan, in Washington DC.
Some people choose going on holidays to the beach or the mountains. But lately, more people are opting for "dark tourism" spots: places associated with tragedy, death or disaster. The BBC’s Rory Claydon reports.
This week at the US Open there was a star studded crowd at Flushing Meadows to see Serena Williams, who has said she is "evolving" away from tennis. The athlete and businesswoman won't be short of prospects once she leaves the game, but what could the future hold? We ask Nancy Spencer, a Professor at the Sport Management Program in Bowling Green State University, in Ohio.
With a third of the country under water and more than 1,000 people dead, the government of Pakistan seeks international help to battle the devastating damage caused by monsoon rains. Asif Sherazi, Islamic Relief's director for that country, tells us how the situation looks like in Peshaware, one of the most affected areas.
The International Monetary Fund has approved a $1.5bn-loan for Pakistan. The funds are a crucial lifeline for an economy that was already struggling before the floods, as economist Ammar Khan explains from Karachi.
The leaders of the European Union are preparing more emergency measures to try and curb soaring energy bills, but fossil fuel producers expect high prices to stay. We hear more form Suzanne Lynch from Politico in Brussels.
Can nuclear power present a path to cleaner, cheaper energy? The disposal of nuclear waste, which can stay radioactive for thousands of years, has always made many wary of investing in more nuclear reactors. But now Sweden says it has found a way to storage these residues. The BBC's Theo Leggett reports.
The Rings of Power is the latest release from the Lord of the Rings' saga. Based on events that happened long before Frodo started his journey to Mordor, this Amazon production has become the most expensive series ever made. LA Times's entertainment reporter Anousha Sakoui tells us more.
And we discuss the latest developments in the markets with Peter Jankovskis from Arbor Financial Services in Chicago.
Leaders across the EU are increasingly calling for a cap on the price of gas to tackle spiralling costs. We spoke to Jakob Schlandt, from the German newspaper Der Tagesspiegel, who gave us his analysis of the situation.
We hear from Pakistan, which has been hit by the worst flooding seen in decades, with more than 100 people said to have died and millions more displaced. Economist Ammar Khan speaks to us about how the country can recover.
Southern Europe correspondent Mark Lowen reports from southern Spain, which is seeing its driest summer in 500 years, driving up food prices for farmers.
This week sees the end of the 9 Euro a month ticket for public transport in Germany. Professor Dr Christian Boettger tells us if the scheme has been a success.
Federal Reserve chair Jay Powell reiterate his resolve to raise interest rates in order to curb inflation, during his address at the annual Jackson Hole central banking summit. The Fed is fighting the most vigorous surge of consumer price increases in about four decades.
US biotech company Moderna said it is suing Pfizer and its German partner BioNTech for patent infringement linked to the development of the first Covid-19 vaccines. It's alleging that mRNA technology it developed before the pandemic was copied.
Pfizer said it was "surprised" by the action and would "vigorously defend" itself against the allegations.
Warner Brothers Discovery has shelved the nearly completed Batgirl movie in a series of cancellations and major changes involving high-profile DC projects.
Markets react to Jerome Powell's message to the world's central bankers in Jackson Hole, in the US. His speech suggests there might be more increases in the interest rate. We talk to Randall Kroszner, professor of Economics at Chicago Booth School of Business and a former governor of the Federal Reserve Board. We also ask Paul Allen, owner of a farm in Pahokee, in Florida, about the impact inflation is having on his business.
The British government has said Georgia is Russia's testing ground for its cybercapability. The former Soviet nation has registered thousands of cyber attacks launched from Russian territory since the 2008 war against Moscow. Georgian journalist Khatia Shamanauri reports.
The American pharmaceutical firm Moderna is suing rival Pfizer and its German partner BioNTech for copying a technology Moderna says it owns. It was used to develop their Covid-19 vaccine. We hear more from our global health correspondent Naomi Grimley.
The Philippines is suffering a national shortage of sugar, despite the country being a large producer. The sugar trade is heavily regulated by Manila, and prices have been soaring as companies like Coca-Cola struggle to secure the supplies it needs to keep plants open. We talk to Ralf Rivas, a business reporter at the local online news site Rappler.
Starting a new life in a new country after being forced to flee your home must be an incredibly hard thing to do. The BBC's Jess Quayle reports on how Yulia, a Ukrainian wedding dress designer, is trying to rebuild her life and business in her new home.
And we discuss the latest from the markets with Shanti Keleman, the Chief Investment Officer of M&G Wealth.
GDP in the US has fallen at a rate of 0.6% in the three months from April to June. Economist Cary Leahey in New York gives his analysis and Max Sutter, the co-founder of Escape New Haven explains the impact on his business.
Sony has raised the price of the PlayStation 5 console in Europe, Japan, China and other key markets by as much as 10 per cent. E Sports journalist Junae Benne tells us what the impact will be on consumers.
Canada’s federal government says it will not extend the annual bonus paid to bilingual employees, to workers who speak an Indigenous language on the job. We hear from Nunavut MP Lori Idlout who has been critical of the federal government's position.
(Picture: Traders work during the opening bell at the New York Stock Exchange (NYSE) on August 16, 2022 at Wall Street in New York City. Picture Credit: Getty Images).
The Chinese government will spend a further US$146bn to boost growth in an economy lagged by Covid-related lockdowns and a real estate crisis. Are the increasing fears of a recession in the world's second largest market justified? We ask Finn Mayer-Kuckuk, editor in chief of China Table.
Google has changed the way it calculates the environmental impact of flights. The result is that journeys seem to produce less CO2 emissions than before. The firm says it is trying to provide a more accurate estimation to users. We talk to David Lee, professor of Atmospheric Science at Manchester Metropolitan University, about the challenges of making these calculations.
Japan is considering building new nuclear reactors and reactivating many of the plants that went idle after the Fukushima disaster, in 2011. We hear more from Yukari Yamashita, the Managing Director of the Institute of Energy Economics in Japan.
Has inflation triggered a price war in the fried chicken shelves? The BBC's Andrew Wood talks to Joe McPherson, a Korean food blogger in Seoul known as Zen Kimchi.
And we discuss the latest from the markets with Hargreaves Lansdown's Emma Wall.
In total, the United States has committed more than $13.5 billion in security assistance to Ukraine since the beginning of the Biden administration in January 2021. Editor of Europe Defence News, Sebastian Sprenger, explains how weapon manufacturers are faring.
President Joe Biden has announced a relief package, forgiving $10,000 in debt for borrowers who earn less than $125,000 per year. We hear from Tonya Edmonds who is a Pell grant recipient, she joins us live from New York.
Gamescom is a trade fair for video games held annually in Cologne. It attracts hundreds of thousands of those involved in the multi-billion-dollar gaming business. This year it's back to being in-person after going online during Covid. Nikita Putilin from Owlcat Games explains the fair's significance in the industry.
Soaring inflation, food insecurity and an energy crisis are some of the side effects of the Russian invasion of Ukraine. Half-a-year after the beginning of the war, we take a look at the global fallout of the ongoing conflict.
Nowhere has the economic impact been more dramatically felt than in Ukraine itself, where economic activity has almost halved. We ask Yulia Sorokina, CEO of Ukranian fashion brand Wonder, how she manages to keep her business going in a war-hit country.
The impact of the conflict and international sanctions in the Russian economy is hard to assess. Economic analysts have come up with some radically differing methods to do so. We ask one of them, Sergei Guriev, a Russian-born Professor of Economics at the Sciences Po University in Paris.
The repercussions of the war in Ukraine are global, and one of the places where the situation has become the most pressing is the Horn of Africa. We hear from Hassan Khannenje, director of the HORN International Institute for Strategic Studies, in Kenya.
The huge outpouring of support for Ukraine has worn out after six months, and charities say it's getting harder to raise funds. The BBC's Victoria Craig talks to Ukrainian chef and author Olia Hercules, based in London, about her efforts to get help for relatives and other civilians in her country.
And we take a look at the latest developments in the markets with Russ Mould, investment director at AJ Bell.
Former head of security alleges Twitter has major security problems that pose a threat to users' personal information. We hear the latest from Joseph Menn who covers hacking and privacy at the Washington Post.
Outbreaks across Europe and North America of monkeypox have governments scrambling to secure supplies of treatments and vaccines to contain the disease. But how are pharmaceutical companies responding? Bloomberg health reporter Madison Muller joins us live from New York.
In the Faroe Islands, there are tunnels deep under the sea which allows traffic to flow. A new one is under construction and it's one of the most ambitious tunnelling projects in the world. Tim Ecott took a journey under the sea with Teitur Samuelsen, the boss of the tunnelling company.
Reports that the latest iPhone won't be exclusively fabricated in China but also in India may be a sign that the gap between India and China as tech manufacturing powers may be closing. As Beijing struggles with power shortages, Covid-related shutdowns and geopolitical tensions, Apple seem to be looking for alternatives. We talk to Mike Wuerthele, managing editor for Apple Insider.
Around 200 tea gardens in Bangladesh have seen the return of workers after two weeks of strikes. Tens of thousands of tea pickers had walked out over their pay, but now the government has signed a new agreement with union leaders pledging to improve conditions. Philip Gain, a human rights activist based in Dhaka, tells us more.
Thousands of farmers in India have descended on the capital once again to protest against the government. They claim promises made last year, when they called off a year-long protest, haven't been fulfilled. We ask Arunoday Mukharji, the BBC's India Business Correspondent, if this could lead to the same disruption seen in 2021.
Many residents in the Faroe Islands rely on subsidised helicopter trips between islands, and tunnels under the sea that allow traffic to flow. A new one is under construction,n and it's of the most ambitious tunnelling projects in the world. The BBC's Tim Ecott took a rare journey deep under the sea with Teitur Samuelsen, CEO of developer EST.
Ford will cut 3,000 jobs mostly in the United States, and India. The move is deemed to be part of the firm's electrification strategy. Matthias Schmidt, an European Automotive Market Analyst in Germany, tells us why we might be hearing similar announces from more carmakers.
Campaigners in Germany are asking for speed limits to be imposed on German motorways, which are famous for not having any. Activists say it will reduce emissions and fuel use at a time when the country needs to reduce its reliance on Russian gas. The BBC's Jenny Hill reports.
And we discuss the latest developments in the markets with senior market analyst Fiona Cincotta.
China is offering special loans to combat the country’s housing crisis, but a drought is putting further pressure on the economy. We hear from former Former US Under Secretary of Commerce Frank Lavin.
In Europe, gas prices are rising after traders warn of additional cuts in supplies from Russia. Commodities and equity strategist, Aneeka Gupta explains.
20-year-old student Jake Freeman made more than 100 million dollars by selling all of his stock in US department store chain, Bed Bath & Beyond. These kinds of investments are called meme stocks. Theron Mohammed from Business Insider tells us more.
Severe heatwaves and droughts are shrinking the Yangtze river, China's most important waterway for trade, and also a big source of hydroelectric power. Heat and very little rain have caused a sharp drop in river and reservoir levels, leading to restrictions on energy use. We hear more from Howard Zhang, editor of BBC Chinese Service.
The world's second largest cinema chain, Cineworld, has confirmed reports that it is considering filing for bankruptcy in the United States, as it continues to struggle with high levels of debt and falling numbers of customers since the start of the pandemic. We talk to Naman Ramachandran, international correspondent at Variety magazine in London.
Canada and Germany will sign a deal to develop hydrogen and ammonia, two forms of renewable energy sources. The agreement will boost plans to build a pioneering zero-emission plant in Newfoundland and Labrador, an area of great potential due its strong winds. We discuss the project with Franziska Holz, analyst at the German Institute for Economic Research, and Nick Mercer, post-doctoral researcher at Dalhousie University, in Canada.
Japan has the oldest population in the world, and getting them to join the online revolution can prove to be a challenge. The BBC's Mariko Oi reports on a mobile supermarket's efforts to provide a crucial service for the less tech savvy older generation.
China isn't the only place where the lack of rain is causing devastating effects. The Rhine River is drying up at a fast rate this summer to the point where cargo ships can't navigate through certain areas. We hear from Lukas Kuemmerle, an independent commodity researcher and founder of Koomarlay research.
Wrexham FC, a Welsh non-league football club, is about to star in a new Disney Plus documentary series after being purchased by Hollywood stars Rob McElhenney and Ryan Reynolds, who tells us about his new love for football. We review the latest developments in the markets with Chris Beauchamp, chief market analyst at IG.
The second largest cinema chain in the world has seen its shares decline by as much as 80% in a matter of days after fears it might file for bankruptcy in the US spread across the markets. We talk to Wall Street Journal's Alexander Gladstone, who broke the story.
The markets are bracing for the speech the chair of the Federal Reserve Board, Jerome Powell, will deliver next week in Jackson Hole. We hear about the latest developments in the American stock exchanges from FHN Financial's Wall Street markets analyst Chris Low.
Teenagers in the United States spend an average of up to 9 hours a day on their devices. But how long is too long and can they get addicted to their smartphones? We hear from Kai Ryssdal, presenter at American Public Media's 'Marketplace'.
Chanel no. 5's owner has seen its request to trademark the shape of the famous bottle rejected. A US court has deemed that the rectangular shaped bottle with bevelled sides is not distinctive enough. Tilar Mazzeo, author of "The Secret of Chanel No. 5: The Intimate History of the World's Most Famous Perfume" explains the history of the legendary perfume.
Apple users have woken up to an alert requesting an urgent upgrade to fix security flaws on iPhones, iPads and other Mac devices. The company said their security system may have been "actively exploited" by hackers. We hear from cyber security expert Greg Sim.
Authorities in China have turned to desperate measures as temperatures rise and river levels fall. A national drought alert has been issued, and factories have been shut down in an attempt to save energy. Journalist Arjun Neil Alim explains how it's affecting Chinese citizens and workers, as well as the country's economy.
In Pakistan, the economic situation is growing more severe. As Islamabad pleads for a bailout from the IMF, former banker Yousuf Nazar says the worst may be yet to come.
Swetha Ramachandran, investment director at GAM Investments, has the daily market update.
We'll hear about the world's first permanent disposal site for nuclear waste which is being built deep below the Finnish soil.
There's also bad news for Thailand's instant noodle lovers, as the popular staple food could be about to rise in price for the first time in more than a decade.
Washington announces negotiations to ease trade barriers with the self-ruled island amid tensions with China. The talks will focus on areas such as e-commerce and agriculture. We hear more from Scott Kennedy, senior advisor in Chinese business & economics at CSIS.
The Trump Organization's former CFO Allen Weisselberg has admitted engineering a 15 year tax-fraud scheme at the company. He will be jailed for five months as part of a plea deal that also commits to testify against his former employer at an upcoming criminal trial. We talk to the BBC's Nada Tawfik and American legal analyst Jill Wine-Banks about the fallout of this settlement.
Pakistan has lifted the ban on the import of non-essential and luxury items as the government seeks a loan arrangement from the IMF. But Finance Minister, Miftah Ismail, has warned that they will be heavily taxed. We ask emerging markets macroeconomist Ammar Khan about the reasons behind this move.
Norwegian bitcoin miner and data centre operator firm Kryptovault is moving its operations north, inside the Arctic Circle, to save on its energy bill. The firm's Kjetil Hove Pettersen explains the decision.
The UK's National Farmers Union is warning consumers that weather conditions suffered this summer will translate into wonky vegetables on supermarket shelves. We talk to Tom Holder from the British Retail Consortium.
Washington has announced it will hold trade negotiations with Taiwan in the coming weeks. China has warned the US against the move, stoking further tensions in the region. But some Taiwanese businesses say a new deal could help them. Economist and professor at National Taiwan University, Chung-Ying Lee, joins the programme from Taipei.
As the EU publishes its latest inflation data, breweries in Germany are among those struggling to stay afloat. Walter König of the Bavarian Brewers Federation tells us how high energy costs are causing a particular headache for his industry and consumers.
Emma Wall from Hargreaves Lansdown joins us for the latest markets update. Archana Shukla reports from India, where lax workplace safety rules are costing thousands of lives and livelihoods.
Finally, some sobering news: Japan has issued a word of advice to young people about their drinking habits, but it's not what you might think.
The US Federal Reserve say rates will continue to go up in the short term but there is still a long road ahead. Author and economist Linda Yueh explains why and Susan Schmidt from Exchange Capital Resources in Chicago tells us about the impact on the markets.
Cuba says it will allow foreign investors into its wholesale and retail trade for the first time in 60 years. The policy aims to tackle shortages of basic goods, like food and medicine - but stops short of fully opening trade. We speak to Ricardo Torres, a Research Fellow at the Center for Latin American and Latino Studies at American University in Washington who’s been a consultant to Cuban and foreign companies interested in Cuba.
Elon Musk’s tweets suggesting that he wanted to buy Manchester United caused markets to briefly jump by as much as 17%, before Musk clarified it was a joke. Alex Shaw, general editor at the cable sports channel ESPN in the UK, gives his analysis.
Rising prices are affecting consumers almost everywhere across the globe. But the response from governments and central banks has varied greatly. So is there a common solution? As inflation in the UK tops 10%, nursery owner Sharon Birch tells us how tough it's been to manage. We're also joined by Walid Koudmani from X-Trade Brokers, who explains the policy challenges facing lawmakers from country to country.
Sophie Lund-Yates from Hargreaves Landsdown has the day's market update.
We go to Cuba, where the government has announced a drastic move aimed at reinvigorating the island's economy.
Also, talking football: it's less than 100 days until the World Cup kicks off in Qatar; and is Elon Musk really joking about buying Manchester United? We're joined by The Athletic's Joey D'Urso, and Sarah Needleman from the Wall Street Journal.
Some of China's tech giants have shared details of their algorithms with Beijing for the first time. Tech reporter Kari Paul joins us from Oakland, California.
The first day of campaigning is getting under way in Brazil’s presidential elections, due to take place in October. Bloomberg economist Adriana Dupito explains the economic impact from São Paulo.
Inflation in Canada has hit 7.6%. We hear from economist Gurupdesh Pandher and Rachel Blais who is the director of Qajuqturvik Community Food Centre about the impact it’s having on people’s everyday lives in Canada.
Colossal Biosciences, a Texas-based biotechnology “de-extinction” company has linked up with the University of Melbourne, which earlier this year received a $3.6m philanthropic gift to open a Tasmanian tiger genetic restoration lab. CEO of Colossal, Ben Lamm tells us all about the exciting project.
Runner-up Raila Odinga has rejected the results of Kenya's presidential election saying that the figures announced on Monday were "null and void".
He alleged vote-rigging and accused the electoral chairman of bullying election counters who disagreed with him.
Chinese internet giants including Alibaba, ByteDance and Tencent have shared details of their algorithms with China's regulators for the first time.
In the US Meta and Alphabet have successfully argued they are trade secrets amid calls for more disclosure.
Across Europe a combination of unusual summer heat levels and abnormal storms, have badly affected agricultural production which meteorologists say could become the continent’s worst drought in more than 500 years.
Kenya's deputy president, William Ruto, has been declared the winner of a tight race against the opposition leader and former Prime Minister Raila Odinga. We talk to Ken Gichinga, chief economist from Mentorial Economics, in Nairobi, about the markets' expectations from the new leader.
Scotland has become the first country in the world to issue a law requiring public settings to provide free period products. Georgie Nicholson from social enterprise Hey Girls discusses the challenges in the fight against period poverty.
The Rhine, one of Europe's most important trade routes, has seen its water levels fall as low as 40 centimetres in certain parts, preventing many commercial vessels from navigating. Claus Vistesen, Chief Economist at Pantheon Macroeconomics, explains why this river is a key route for trade.
And we analyse the latest developments in the markets with Arbor Financial Service's Peter Jankovskis.
China has cut its benchmark interest rate by a tenth of one percent which Craig Botham, Chief economist at Pantheon Macroeconomics explains why this is being seen as a further sign that China's economy could be in trouble.
State-owned Aramco announced record profits of nearly 50 billion US dollars for the second three-month period of this year. It comes as Russia's invasion of Ukraine has led to oil and gas prices trending much higher. Our correspondent Sameer Hashmi joins us live from Dubai.
It's exactly a year today since the Afghan capital Kabul fell to Taliban forces, marking the end of a 20 year experiment in western-style liberal democracy in the country. Since then the economy has collapsed, throwing tens of millions of people into abject poverty.
Former Afghan finance minister, Khaled Payenda ran the finance ministry for the last six months of democratic rule right up to August of last year, he speaks to World Business Report’s Ed Butler.
Thailand’s economy has expanded at the fastest pace in a year, following the recent easing of Covid restrictions. Bruce Haxton runs tuk tuk tours, he speaks to us from Chiang Mai about how business has been for him.
People in the US are spending more than earlier in the year as the country's consumer sentiment survey results rise to a three-month high. We hear from the director of the University of Michigan’s survey Joanne Hsu and restaurant owner Duane Greenleaf.
An armed man who held customers and staff hostage in a Beirut bank has been hailed as a hero. Journalist Wael Talib explains from Lebanon.
The French nuclear company EDF is suing its own government for more than eight billion dollars after it was forced to sell energy to consumers at a loss. Carole Nakhle an energy economist in Germany tells us whether this could set a precedent of nationalising energy countries across Europe.
(Picture: HOUSTON, TEXAS - JULY 15: A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Picture Credit: Getty Images).
Samsung heir Lee Jae-yong, who was convicted of bribery and embezzlement in 2017, has been granted a special presidential pardon.South Korea's government justified the move, saying the de-facto leader of the country's biggest company was needed back at the helm to spearhead economic recovery post-pandemic. We speak to journalist Nemo Kim, who also teaches politics at Soon Chun Hyang University. Wildfires and drought are continuing to affect large swathes of Europe. We assess the impact on the shipping and wine industries. The shortlist of seven UK cities to host next year's Eurovision Song Contest has been announced. But what are the economic pros and cons of hosting the event?
The US Justice Department is asking a Florida court to unseal the warrant that let FBI agents search former President Donald Trump's home. If granted, the request would make the documents available to the public. We hear more from the BBC’s Washington correspondent Nomia Iqbal.
Canada is temporarily banning the importation of restricted handguns ahead of more restrictive, permanent measures from Parliament. We talk to economist Ed Lotterman.
The Unification Church, commonly known as the Moonies, have come under the spotlight in Japan after the assassination of former prime minister Shinzo Abe. Professor Levi McLauhglin explains why a religious group is so controversial and how it became so powerful in Japan.
The BBC’s Suranjana Tewari reports about a celebrity’s investments in Asia to help develop talent in the snooker industry. We also discuss the latest from the markets with Greenwood Capital’s Walter Todd.
Meta’s BlenderBot3 doesn’t seem to like its own boss, Mark Zuckerberg. We ask Bloomberg’s Charlie Hancock what lies behind the concept of the recently launched chatbot.
South Africa and the EU have reached agreement over tonnes of citrus fruits that have been stranded in European ports. It follows a change in rules that means exporters now have to apply a cold treatment to things like oranges and lemons to prevent the spread of pests. We speak to Hannes de Waal from Sundays River Citrus in South Africa. Facebook's parent company Meta introduces a new prototype chatbot, Blender Bot 3, which told the BBC that Mark Zuckerberg exploits its users for money. India's hotel sector bounces back in the second quarter, with growth of 300%. We hear from a photographer in Bangalore, who's seen an uptick to his Airbnb bookings.
Disney, the American media giant, has beaten expectations in its latest results. Its on-demand platform now has more than 152 million subscribers, but it comes at a time of declining revenues for streaming services.
Meanwhile, there's been lower-than-predicted inflation in the US. To crunch the numbers, we're joined by Susan Schmidt, Head of US Equity at Exchange Capital Resources in Chicago; and Randall Kroszner, a former Governor of the Federal Reserve Board.
It's almost a year since the Taliban seized control of Afghanistan. Now a group of leading economists is calling on the US President, Joe Biden, to unfreeze the country's cash assets. We speak to Nobel Prize winner Joseph Stiglitz about how that could help citizens.
In his first week in office, Colombia's new president, Gustavo Petro, has announced sweeping tax reforms aimed at rebalancing the country. Sergio Guzman from think tank Colombia Risk Analysis explains how it could make or break his leadership.
We're also joined by Stefano Aurecchio from the Neopolitan Pizza Association, as delivery chain Domino's pulls out of Italy.
A fall in petrol prices in the US helped to ease the pace of price rises in July. The Labor Department said the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%, the Labor Department said. Our North America Business Correspondent Michelle Fleury talks us through the figures. The World Bank says Afghanistan is facing a food and debt crisis, one year since the Taliban regained power. The US-based pizza delivery chain Domino's is pulling out of Italy after seven years in the country. Celebrity chef, author and TV personality Gennaro Contaldo weighs up the pros and cons of Neapolitan pizza and American-style slices.
The US President, Joe Biden, has launched a $280bn boost for America's technology and science industries. A new bill named CHIPS (Creating Helpful Incentives to Produce Semiconductors) is aimed at increasing domestic manufacturing, and upping the country's competitive edge against China. Professor David Yoffie from Harvard Business School joins us on the programme.
We're in Ankara, where Hannah Smith reports on how EU diplomats are threatening Turkey with sanctions over its relationship with Russia. We also look at how economies on different sides of the world - Sri Lanka and Nigeria - are struggling to cope with global supply pressures.
Joe Saluzzi from Themis Trading has the latest market news ahead of key inflation results in the US.
Sri Lanka's energy regulator has approved a 75% increase in power tariffs, as the economic crisis in the country continues.
The US Senate has approved new laws aimed at tackling two major global challenges: climate change and rising prices. The Inflation Reduction Act has supporters on either side of the political spectrum, but economists claim it has some shortcomings. Bloomberg's Laura Davison tells us why it may fall short of expectations. From Illinois, Peter Jankovskis has the latest market news. Elsewhere, tensions are continuing to ramp up between the US and China over Taiwan. David Woo grew up there. He explains why - regardless of outcome - conflict isn't something people and businesses there want. We'll also hear how China is speeding up its fleet of self-driving taxis.
Large-scale protests over the soaring cost of fuel have broken out in Bangladesh. The government increased the cost of petrol and diesel by more than 50% over the weekend. We speak to industrial economist Dr Khondaker Golam Moazzem in Dhaka. Two more ships carrying grain have left Ukraine. Their departure means 10 ships have now left the Black Sea ports since last week, when a deal was brokered to move an estimated 18 million metric tons of grains that have been trapped in Ukraine since Russia’s invasion in February. Commodities analyst Victoria Blazhko explains how the development will affect prices around the world. UK airport boss Tim Jeans provides analysis of the global aviation industry, as Australian carrier Qantas asks executives to work as baggage handlers for three months, as it faces staff shortages.
US employers added more than 500,000 jobs in July and the unemployment rate dropped, defying fears that the labour market is heading for a slowdown. The jobless rate fell to 3.5% from 3.6% in June, as restaurants, bars and other firms continued to add workers.
China is halting co-operation with the US in several key areas including climate change, military talks and efforts to combat international crime. The new measures follow a trip to Taiwan by a US congressional delegation led by senior Democrat Nancy Pelosi.
The Premier League is back for another season, starting Friday night with a London derby as Crystal Palace host Arsenal. We find out how the league has transform from being a competition enjoyed exclusively for football purists, to one of the UK's biggest cultural exports.
It's among the most watched sporting leagues around the world, with rights deals breaking into the billions. As a new season gets underway, World Business Report is live from Manchester City's Etihad Stadium. Join us and a range of guests to find out what gives the Premier League its extraordinary brand power.
Throughout the programme, Will Bain is joined by Professor Tom Cannon, a football finance expert from the University of Liverpool; and Fiona Green, the co-founder of sports analytics consultancy Winners.
A former chief executive at Liverpool FC, Peter Moore, provides his insight into how clubs are still searching for growth.
Andrew Tucker from supporters' group The Third Rail explains how fanbases are expanding in unexpected places. Football agent Shehneela Ahmed is also on hand to discuss how the money players generate is likely to keep soaring.
The Bank of England has warned the UK will fall into recession as it raised interest rates by 1.75% - the most in 27 years.
Governor Andrew Bailey said he knew the cost of living squeeze was difficult but if it didn't raise interest rates things would get "even worse".
The Insurance Council of Australia has told the BBC that some flood-prone areas might have to be abandoned because the risks are just too high.
The Nigerian Broadcasting Commission NBC has fined several partner stations of the BBC in Nigeria for showing a documentary about armed criminal gangs in the northwest of the country. The NBC claims the film contravened the country's broadcasting code.
Unrelenting inflation pressures have prompted the fastest rise in global interest rates since the early 1990s. Emma Wall, head of investment analysis at Hargreaves Lansdown, explains what this means.
In Spain, the soaring cost of energy is being blamed for an ice shortage. Jose Maria Garrigues, who works at the ice machine company Coalza, shares his experience.
New research which suggests that global use of fertilizer will fall by 7% in the next 12 months. Laura Cross is the director of market intelligence at the International Fertilizer Association and gives her analysis of the current situation.
(Picture: Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England, in London, on August 4, 2022. Credit: Getty Images).
The UN's Secretary General, Antonio Guterres, has called for a windfall tax on oil and gas suppliers. Amid a global energy crisis, Mr Guterres accused the fossil fuel industry of 'grotesque greed'. We speak to Dr Carole Nakhle, a global energy expert based in Germany, about those comments.
Elsewhere, Bangladesh has asked the World Bank and Asian Development Bank for two billion dollars in order to boost its dwindling foreign currency reserves. Dr Khondaker Golam Moazzem, Research Director at the Center for Policy Dialogue, joins us from Dhaka. As Sudan faces a worsening hunger crisis, we're also joined by Helene Papper from the International Fund for Agricultural Development.
Susan Schmidt has your markets update ahead of an anticipated rates rise from the Bank of England.
We'll also be discussing the new Batgirl movie, which - after 90 million dollars' worth of production time - has been unceremoniously scrapped. Cynthia Littleton from Variety explains why it's failed to materialise.
OPEC+ will raise production by 100,000 barrels a day for September, aimed at adding more supplies to an already tight oil market. The BBCs Middle East business correspondent Sameer Hashmi joins us with the latest news on this.
A long list of major companies have revealed their profits and losses results in the last couple of days. Investment Director at AJ Bell Russ Mould talks us through a mixed set of results.
Stephen King has testified against Penguin Random House’s proposed takeover of Simon & Schuster. He says the deal, worth more than two billion dollars, would be, "bad for competition in the industry". Founder and agent of Headwater Literary Management, Laura Zats joins us from Minnesota.
Nancy Pelosi's visit to Taiwan lasted less than 24 hours, but during the short visit the US house speaker reaffirmed support for the democratically elected government in Taipei. China immediately banned imports from several Taiwanese companies producing pastries and other baked goods. Former Taiwan Presidential Office Spokesperson Kolas Yotaka, explains.
(Picture: A fuel pump during a car refueling is seen at a gas station in this illustration photo taken in Poland on July 19, 2022. Picture credit: Getty Images).
US Democrat Nancy Pelosi has visited Taiwan as part of a tour of Asia, in spite of sharp warnings from China. The trip is the first of its kind by a senior US official in 25 years since China claimed the island as its own.
Mrs Pelosi said her visit "honours America's unwavering commitment to supporting Taiwan's vibrant democracy" and did not contradict US policy.
Plus the first grain ship to depart Ukraine since Russia's invasion - The Razoni, has arrived at Turkey's Bosphorus strait.
The vessel which is carrying 26,000 tonnes of corn, will be inspected on Wednesday morning before continuing its journey to Lebanon.
And we find out why It’s so hard to find affordable apartments in New York and why many are at risk of homelessness.
Taiwan is bracing for a potential show of force from China as US house speaker Nancy Pelosi arrives in the country for talks with the president. The BBC’s Taiwan correspondent Cindy Sui has been following the story.
Spain has introduced an energy-saving plan today which includes limiting air conditioning in public buildings and businesses to a minimum of 27 celsius and limiting central heating to a maximum of 19 celsius. Photojournalist Leah Pattem updates us from Madrid.
The oil giant BP hit its highest quarterly profit for 14 years. Investment director at Broker Fidelity International, Tom Stevenson, tells us what impact it could have on the tax industry.
Rent rates in New York have soared in yet another sign of the cost-of-living squeeze. We hear from Yoon Choi who was forced out of the Upper East Side due to high rent rates. The BBC’s North America business correspondent Michelle Fleury joins us from New York.
In 2020, after months of civil unrest, China introduced a new security law in Hong Kong. In response, the UK has expanded the British National Overseas visa scheme which now offers the right to live and work in the UK for five years, as well as a path to citizenship. James Graham catches up with those starting new lives in the UK and finds out how they're establishing careers.
(Picture: WASHINGTON, DC - JULY 21: U.S. Speaker of the House Nancy Pelosi (D-CA) holds her weekly press conference at the U.S. Capitol on July 21, 2022 in Washington, DC. Picture Credit: Getty Images).
The first ship carrying grain has left a Ukrainian port under a landmark deal with Russia. It is hoped the agreement will ease the global food crisis and lower the price of grain.
Russia has been blockading Ukrainian ports since February, but the two sides made a deal to resume shipments.
And following England women's success at the Euros, the conversation about gender pay gap in football has re-opened, with male footballers earning 100 times more than women.
And in Germany, news that the country is going to reactivate its coal-fired power stations in preparation for winter once again highlight the precarious position of Europe's reliance on Russian gas.
The first ship carrying grain has left the Ukrainian port of Odesa under a landmark deal with Russia. Yuriy Vaskov, Ukraine's deputy minister of Infrastructure, tells us that there are still more ships waiting to leave.
Millions of people were glued to the TV to watch the England women’s football team become champions of Europe, beating Germany in the final 2 - 1 at Wembley in London. Uefa expects it to generate revenue of more than 60 million US dollars, almost four times the amount at Euro 2017 in the Netherlands. Sue Anstiss, author of Game On: The Unstoppable Rise of Women’s Sport, joins us.
The World Food Programme says Sri Lanka doesn’t have enough food to meet normal needs. Its latest report says more than 6 million people lack reliable access to enough affordable food. Peter de Almeida is the founder of an IT company called N-Able in Colombo, he tells us about his experience.
Doctors and dentists have started indefinite strike action demanding better pay and conditions in Sierra Leone. BBC correspondent Umaru Fofana explains it all from Freetown.
President Volodymyr Zelensky says the first grain ship from Ukraine since Russia's invasion is ready and waiting for the signal to leave the port. Mr Zelensky was speaking during a visit to the port of Chornomorsk, a week after a UN-led agreement to resume export, but this will be more of a testing of the waters than an unblocking of a major supply route.
And Instagram says it is pausing a rollout of new features on its app following an online backlash from users, including celebrities and influencers.
Plus why Europe's biggest economy - Germany has grounded to a halt, despite significant growth in France and Spain.
A ship carrying grain is due to leave Odessa port in Ukraine - the first since the start of the war with Russia. It follows a deal struck between the two countries last week, ending the Russian blockade of the port. We speak to Taras Vysotsky, Ukraine's deputy minister of agriculture, who was at the port with President Zelensky and a gathering of western ambassadors. And Chris McGill, underwriter at Ascot Syndicate at Lloyds of London, tells us how easy it is to insure ships coming out of Ukrainian ports.
Food inflation in Sri Lanka has reached 90%. The BBC's Sajid Nazmi is in the capital Colombo and tells us what prices are like.
In Ghana, drought and mine damage are having a devastating effect on cocoa crops. The cocoa harvest is predicted to fall to its lowest level in 12 years. We speak to Jeffery Ntorinkansah of the Commodities Brokers Association.
And we hear how the American bullfrog is causing huge damage to the global economy. Their numbers are increasingly difficult to control, causing widespread crop devastation and destroying natural vegetation.
American senator Joe Manchin has reached a deal with democratic leaders on a spending package which aims to lower health-care costs, combat climate change and reduce the federal deficit.
In the DRC, licensing rights for thirty oil and gas blocks have gone up for auction, opening parts of the world's second-biggest rainforest to drilling that could release large amounts of carbon into the atmosphere.
And the Commonwealth Games officially opens in the English city of Birmingham amidst pump and pageantry.
The latest data unofficially marks the start of a recession. Many other countries would class two quarters of decline as a recession, but the US uses different criteria. We get analysis from Sarah House, senior economist at one of America's biggest banks, Wells Fargo.
Diageo is one of the world's biggest drinks firms, and it published its latest results today. The company grew both sales and profits. We speak to CEO Ivan Menezes and ask how Diageo is beating the cost of living crunch.
Inflation in Turkey could reach an eye-watering 90% this autumn, according to the country's central bank. What does that mean for business owners, and what can they do? We get the views of Ozer Bener, who runs a manufacturing firm in Ankara, and Arev Sebechi, who runs a clothing firm.
And as the 22nd Commonwealth Games kick off tonight with the opening ceremony at Birmingham's Alexander Stadium, we get a sense of the atmosphere there from the BBC's Rob Mayor, who's at the festival site in the heart of the city centre in Victoria Square.
For the second month running, the US Federal Reserve has upped its interest rate. America's central bank has increased the cost of borrowing by 0.75% - the latest in a series of aggressive policy decisions against rising prices. World Business Report hears from business owners across the country: Kymme Williams-Davis, a New York coffee shop owner; and Greg Ackerman, an arable farmer from Michigan. We're also joined by Susan Schmidt from Chicago firm Exchange Capital Resources.
There's more bleak news over Europe's energy supplies, as gas prices hit a new record high. Cornwall Insight's analyst Dr Craig Lowery gives us his predictions ahead of a difficult winter.
Elsewhere, Instagram has drawn criticism after bosses said it would move away from photos in favour of video content. Should they #MakeInstagramInstagramAgain? (Picture: Fed chairman Jerome Powell announces the rates hike in Washington, DC. Credit: Drew Angerer, Getty Images).
With inflation in the US at a 40-year-high, we speak to a former member of the Federal Reserve Board of Governors, Randy Kroszner, for his insight into what options the Fed has and how it might come to its decision on raising interest rates.
In Nigeria, lecturers have been on strike for months over pay and conditions, and other unions are now protesting in solidarity. The BBC's Bisi Adebayo explains what's led to the protest and speaks to a lecturer involved and a student there.
And pricing for concerts is in the news again: Adele shows are reselling for as much as $40,000 dollars a ticket, while 'dynamic pricing' is seeing Bruce Springsteen tickets as high as $5,000. Rosalind Hunter, partner at strategy and marketing consultants Simon-Kucher and Partners, explains the mechanisms driving the ticket-selling market.
As more countries are rocked by worsening debt and supply shocks, economists are increasingly concerned about the effects of war and the pandemic on global stability. To discuss the International Monetary Fund's latest forecast, we are joined by Liliana Rojas Suarez from the Centre for Global Development. It's been a big week for tech earnings, with some surprising results. Brian Dorst from New Jersey-based Themis Trading gives us the latest analysis. Russia has pledged to withdraw from the International Space Station. But do they mean it? Space commerce expert Keith Cowing has some reservations. Also on the programme, Ticketmaster has defended a new system which has seen some fans pay more than five thousand dollars for Bruce Springsteen tickets. Former Billboard editorial director Bill Werde explains why this could spell a bleak future for live music fans.
EU nations have agreed on a voluntary deal to save 15% of their gas usage to protect against further cuts in supplies from Russia - but will it work? We hear from Politico Europe's Suzanne Lynch on the scope of the deal.
Amid daily power cuts, South Africa's President Cyril Ramaphosa has promised to open up power generation to new private players, clear the state-owned company Eskom's debt, and make its energy greener. Chief economist at the Efficient Group in Pretoria, Dawie Roodt, explains how events came to this.
And with the England playing Sweden in the semi-finals of the women's Euro 2022, we ask, Simon Jenkins, chief strategy officer for advertising agency VCCP Media, where the opportunities for both advertisers and the women's game may lie.
Ukraine’s president, Volodymyr Zelensky, says he's confident that the export of grain from the country's Black Sea ports will resume this week, easing the global food crisis. One wheat and maize farmer in Ukraine tells us why he’s not optimistic plans will go ahead.
Russia is to further reduce gas deliveries through its Nordstream One pipeline to Germany to just a fifth of capacity from Wednesday. Jeff Sonnenfeld is a Yale University professor in the United States who has been tracking the Russian economy since the country invaded Ukraine. We hear his analysis of the situation.
The National Football League is one of the most watched sporting events in the US and now the NFL has launched their own subscription service to ensure that remains the case. NFL journalist Melissa Jacobs explains the move from Oakland, California.
(Picture: Farmers harvest a wheat field in the Ukrainian Kharkiv region on July 19, 2022, amid Russian invasion of Ukraine. Picture Credit: Getty Images).
Russia's Foreign Minister Sergei Lavrov and President of France Emmanuel Macron (hot on the heels of China) are touring the world's fastest-growing continent, we ask how much difference this will make to businesses there. We speak to BBC Uganda correspondent Patience Atuhaire and creative director of Virgoli Fashion in Nigeria, Alaezi Akpuru.
China's property developers are in so much trouble with debt, that reports say state banks are setting up an emergency fund that could be worth forty-four billion dollars to help them survive. Dr Linda Yueh, fellow in Economics at Oxford University, explains how it might work?
And cabin crew working for Ryanair in Spain have started a 4-day strike today, for the third time this month. Manuel Lodeiro, vice president of the SITCPLA union Ryanair employee of 14 years, explains why they're striking.
Turkey has brokered a deal between Russia and Ukraine to allow grain to leave ports in Ukraine, but not everyone is confident the deal will do enough to help grain stocks reach those who need them the most. Daniil Melnychenko, data analyst at Informall Business Group, analyses cargo in the Black Sea and questions how much difference it will make.
Nigeria is in the middle of a four-day strike by bakers, who are taking action over the rising cost of flour and other products like diesel. We hear from Emmanuel Onuarah is the president of the Premium Bread Makers Association in Nigeria.
And Marketplace's Kai Ryssdal catches up with an independent cinema owner in Nashville to find out how she's been adapting to capacity crowds once again.
Turkey says it's brokered a deal with Russia to allow grain shipments from Ukraine to restart. Jean Michelle Grand, from the global charity Action Against Hunger, welcomes the progress - but says it won't address the immediate world food crisis.
Elsewhere, in an exclusive interview with World Business Report, Gene Seroka, the head of the Port of Los Angeles explains how the FBI has been drafted in to fight a huge rise in attempted cyber attacks.
Shanti Keleman from M&G Wealth gives us the latest on Twitter's disappointing results.
We're also joined by Ayoade Ibrahim, a delivery drivers union leader based in Lagos - where Nigeria's government is imposing a ban on motorcycles.
A decade ago, Greece was at the epicentre of a debt crisis which rocked the whole continent's economy. Join us for a special edition of the programme, live from Athens. We'll hear from economists and business owners about how the economy is coping in 2022; as well as young Greek citizens who face an uncertain future. Joining Victoria Craig live are Professor Nikos Vettas from the Foundation for Economic and Industrial Research, and Michael Eteria, owner of the Mosaikon Hotel.
In Europe the key Nord Stream One pipeline, which provides about ten percent of the continent's gas, is due to reopen on Thursday after maintenance. President Putin now says it's not clear what condition its turbine will be in after repairs in Canada. Leon Izbicki, a European natural gas analyst for Energy Aspect, explains the situation. We hear from Jonathan Grassi in Italy about what this means for his business.
Sri Lanka's new president, Ranil Wickremesinghe, has called for unity in the face of economic turmoil and political division, after comfortably beating his nearest rival in a parliamentary vote. Rohan Samarajiva is the founding Chair of the LIRNEasia policy and regulation think tank, and joins us from Colombo.
Uganda's President, Yoweri Museveni, has defended his government's decision not to give subsidies or reduce taxes - saying the money should be used to solve other problems the country is facing. BBC correspondent, Patricia Oyella, explains the cost of living crisis from Kampala.
The Swedish golfer Henrik Stenson has joined the LIV Golf series after being removed as Europe's Ryder Cup captain. He becomes the latest professional to join the breakaway tour, which is financed by the Public Investment Fund, the sovereign wealth fund of Saudi Arabia. US based golf journalist Alex Miceli explains the controversy.
Crisis-hit Sri Lanka has elected its next president: the former prime minister, Ranil Wickremesinghe. He's already proving unpopular with some, leading to fresh protests in the capital, Colombo. Some business owners, however, are optimistic that the new leader can begin to guide the country of out its economic hardship. Shiromal Coomay runs a tourism company. She is eager to see the holiday industry restart in Sri Lanka.
Meanwhile, the IMF has warned other countries could face a similar economic fate if debt can't be brought under control. We speak to the head of Ukraine's sea port authority, Dmitro Barinov, about efforts to end the Russian blockade of grain shipments. Sam Fenwick is also joined by energy markets expert Dr Aura Sabadus to discuss the ongoing concerns over gas supplies in Europe.
Extreme heat is hurting the economy and workplace productivity. Rahul Tandon is joined by Rachel Kyte, dean of The Fletcher School at Tufts University in Boston, Massachusetts and she was an advisor to the UK Cop26 delegation.
In Pakistan, Prime Minister Shabbaz Sharif came to power in April . But the man who used to run the country, Imran Khan, has launched a national protest calling for fresh elections which could political instability lead to economic instability . Analyst and assistant professor of economics at Habib University, Aqdas Afzal, explains.
A judge in the US state of Delaware has ruled that the dispute between the tech billionaire Elon Musk and the social media company Twitter, should go to trial in October. Molly Roberts, editorial writer at the Washington Post, tells us more.
(Picture: A delivery man works in Barcelona on July 19, 2022. - Spain, which has already seen its hottest May since the beginning of this century, remained on July 19 in the grip of an exceptional heatwave. Picture Credit: Getty Images).
As a searing heatwave continues to grip Europe, pressure on health services and transport infrastructure is increasing. The UK has reached a record high temperature of 40.2C (104F). Wildfires are burning in Spain and south-west France, near the famous wine-producing region of Bordeaux. We find out how extreme weather events are affecting the industry and ask what vineyards can do to cope. Elsewhere, Russian president Vladimir Putin meets his Iranian and Turkish counterparts in Tehran. We round up the latest markets and business stories, including news that Apple is to slow down hiring workers.
In Europe, much of the continent is in the grip of a heatwave; forest fires are raging in Spain, Portugal and France. China has also been struggling with sweltering summer heat. Our correspondents Jessica Parker and Guy Hedgecoe update us on the situation in south west France and Spain. Leah Stokes, an Associate professor of political science at the University of California Santa Barbara, explains the impact of heat on the global economy.
White House economic adviser, Jared Bernstein, said he expects to see average gasoline prices falling below $4 a gallon in some places around the country in the coming weeks. Susan Schmidt, head of US equity at Exchange Capital Resources in Chicago, tells us more.
Sri Lanka's acting president has said the country's negotiations with the IMF over an emergency bailout are nearing conclusion. There has been no comment from the IMF, but there have been growing calls from Sri Lankan politicians for the organisation to heed the scale of the crisis. Felix Fernando, managing director of Omegaline Group and employs 14,000 people in Sri Lanka joins us.
Businesses across Europe are putting special measures in place to cope with high temperatures. France is dealing with wildfires, and scientists have said much of the continent faces a drought. In the UK, farmers like Paul Tomkins are finding ways to keep animals cool. Sri Lanka is said to be in the 'closing stages' of talks over a bailout deal from the International Monetary Fund. Rachel Winter from investment firm Killick & Co has the latest market data, from Russia to Saudi Arabia. We're also joined by journalist Justin Spike, who's in Budapest as business owners continue to protest over tax reforms. Some say it will increase their bills by more than threefold.
The US president has met with the Saudi crown prince, Mohammed bin Salman, in an effort to fix relations between the two countries - with a particular focus on fuel supply concerns. It has failed to impress critics who disapprove of the country's human rights record. Middle East analyst Sami Hamdi provides a Saudi Arabian perspective on the visit, while Chris Lowe of FHN Financial looks at whether it will have any effect on oil prices.
G20 countries have received a warning from the world's leading economists about an impending food supply catastrophe. We're joined by Sophia Murphy from the Institute for Agriculture and Trade Policy.
At the end of another chaotic week at London's busiest airport, aviation recruitment specialist Kully Sandhu says the problems show no signs of easing.
World Business Report is also joined by Kai Ryssal from our partner programme Marketplace, with a report on US shipping firm Golding Barge Lines.
Fresh figures from China show the world's second biggest economy took a big hit as a result of strict coronavirus lockdowns. Shirley Yu, a senior practitioner fellow at Harvard Kennedy School, explains.
US President Joe Biden is due to land in Saudi Arabia today. The White House described Saudi Arabia's decision to open it's airspace to Israeli planes as an important step towards a more stable Middle East. The BBC's Middle East business correspondent Sameer Hashmi has the latest update.
As harvest time looms, countries that rely on importing grain are hoping for crop prices to fall. But drought and heatwaves mean it's not looking good. Arnaud Petit is the executive director of the International Grain Council; he says that crop-producing countries have until October to export grain in time for new crops.
Ghana’s annual inflation rate climbed to 29.8% last month, the highest since late 2003. The BBC’s West Africa business journalist, Nkechi Ogbonna explains what representatives from the IMF have agreed.
We delve into the glamorous world of Bollywood and Lollywood, Pakistan's film industry which is named after the city of Lahore. The BBC's Emb Hashmi asked the stars of the new Lollywood film 'London Nahi Jaunga' about the finance behind the film making.
One of the industries that will be vital for Sri Lanka's economic recovery is the tourism sector. Shiromal Cooray is the chairman and managing director of Jetwing Travels and Chairman of Jetwing Hotels tells us how her business is coping.
Italy's prime minister, Mario Draghi, has offered to resign after losing the support of populists. The country's markets have suffered at a crucial time for growth and recovery. So what effect will political instability have on the economy? Silvia Borrelli, a Financial Times journalist based in Milan, gives the latest, while manufacturing business owner Jonathan Grassi explains how the economy is coping where he's based.
Throughout the programme we're joined by Cary Leahey, an economist at New York's Columbia University. Cary reflects on the latest from Sri Lanka, as President Gotabaya Rajapaska formally resigns.
In Chile, soaring inflation has prompted the central bank to raise interest rates to an unprecedented 9.75%. Felipe Morande, a former minister, says it's partly down to huge fiscal stimulus measures.
Elsewhere, American football is big business in Africa. Could the sport's inclusion at the Olympics bring players a share of the fortune? Alaezi Akpuru owns a flag football team in Lagos. She thinks so.
Sri Lanka is experiencing its worst economic crisis since its independence. Many businesses are feeling the impact, including one most crucial to the country's economy: the tea industry. The chairman of Sri Lanka's Tea Board, Niraj De Mel, tells us what it’s like to do business in Sri Lanka now. Italy's government has survived a crucial vote on an aid package for families and businesses worth 23 billion euros. Independent Italian MP, Lorenzo Fioramonti, gives his analysis of the situation.
Weightlifting won´t feature in the Los Angeles Olympics in 2028. Ashish Sharma has been speaking to Florian Sperl, president of the German Weightlifting Federation, about what the financial implications are for the sport if it loses the funding it gets for being on the Olympic agenda.
Neybert Rugadya is a business journalist in Kampala. He explains how the rising cost of fuel is causing problems across the economy.
The BBC’s Patience Atuhaire travelled to a small island in Lake Victoria in Uganda’s Kalangala district to meet some of the oil palm farmers who are finding themselves better off amidst the cost of living crisis.
(Picture: Demonstrators shout slogans during a protest in solidarity with the people of Sri Lanka, outside the Sri Lankan embassy in New Delhi on July 14, 2022. Credit: Getty Images).
As Sri Lanka's president flees the country, how can its citizens emerge from crisis? We speak to people on the ground including business owners and protesters. Vidhura Tennekoon, an economist who worked at Sri Lanka's central bank, says it could be many months before stability is restored.
Also on the programme, as North America grapples with worsening inflation, a look at the dilemmas facing people and policymakers. In the US, Chicago equity specialist Susan Schmidt, and Mars Chapman from Austin dessert company Casey's Snowballs assess the damage it's doing to consumers and businesses. In Toronto, Credit Canada CEO Bruce Sellery looks at the central bank's latest hike in interest rates.
Sri Lanka’s foreign currency reserves have virtually run dry, and the president has fled the country after months of protests over soaring prices and a lack of food and fuel. Vivienne Nunis gets an update from the BBC’s Anbarasan Ethiragan from outside the main protest site, and Shanta Devarajan, advisor liaising between international financial institutions and the Sri Lankan government.
Inflation in the United States has increased as its fastest rate since November 1981. Everyday goods are now, on average, 9.1% more expensive than they were a year ago. Business Correspondent Samira Hussain explains the reasons behind this from New York.
Iceland has topped the overall rankings as the most gender-equal country in the World Economic Forum's Global "Gender Gap" Report this year- the second year running. The author of the report, Saadia Zahidi explains why the world’s two biggest economies are at opposite ends of the rankings.
Today Russian and Ukrainian delegations are meeting Turkish and UN officials to find a solution to the grain exportation crisis. Daniil Melnychenko is a data analyst at Informil Business group in Odessa, which analyses cargo in the Black Sea. He shares his view on negotiations.
And finally, Australia’s biggest hardware chain, Bunnings, and retailer Kmart, are using facial recognition technology in their stores. Kat Power from consumer group Choice Australia, joins us.
For the first time in two decades, one Euro has slid to match the price of one US dollar. It's a sign of how Europe and America are diverging on policy in the face of difficult global trade conditions. But analysts say parity isn't necessarily good news for US companies. Joe Saluzzi from Themis Trading in New Jersey explains what it could mean for markets at home and abroad.
With Sri Lanka's president due to resign, what legacy will his successor inherit? Geopolitical analyst Asanga Abeyagoonase joins us on the programme.
Dr Marek Kubik from battery firm Fluence tells us why it's time Europe invested in energy storage. We speak to the Belgian schoolchildren who've designed a product to tackle the stigma around periods.
Also, a sauce in short supply: restauranteur Didier Quemener explains why French cooks are taking Dijon mustard off the menu.
The value of the Euro has fallen to a 20-year low and was today in parity with the US dollar. Fears over Russian gas supply and the cost of living crisis are factors in the drop. Senior Market Analyst at City Index, Fiona Cincotta, gives her analysis of the news. Elsewhere, authorities in China's Henan province say they will start releasing money to customers who have had their funds frozen by several rural banks. And we speak to the co-founder and CEO of the Swedish buy-now-pay-later firm Klarna, Sebastian Siemiatkowski. The company has seen its value cut by 85% in the latest financing round.
Fuel supplies begin to trickle to Sri Lanka's population after days of political turmoil that ended with the residences of President Gotabaya Rajapaksa being stormed by protesters, and the house of his Prime Minister burnt. As the country's main opposition parties scramble to form a new government, we hear from University of St Andrews' Anthropologist Vindhya Buthpitiya. Nord Stream 1, Russia's main gas pipeline to Germany, went offline for scheduled maintenance but there are fears supplies might not resume after the repairs are completed. We talk to Paula Rodriguez-Masiu, Head of Market Intelligence at Spanish oil and gas company CEPSA. Shares in Twitter fell after the news that Elon Musk has pulled out of his US$44 bn deal to buy the platform. Twitter could now file a lawsuit to force the acquisition to go ahead. We ask John Coffee, professor of law at Columbia Law School in New York and former advisor to the New York Stock Exchange and Nasdaq, about the legal intricacies. We also discuss the stock markets with Peter Jankovskis, Vice President of Research and Analytics at Arbor Financial Services in Illinois.
Sri Lanka's president Gotabaya Rajapaksa is to stand down on Wednesday. Thousands of protesters stormed both his and prime minister Ranil Wickremesinghe's official residences over the weekend. The president has been blamed for the country's economic mismanagement, which has caused dire shortages of food, fuel and medicine for months. The prime minister has also announced that he is standing down, but where does this leave the crisis-hit country? Independent policy analyst Amita Arudpragasm speaks to us from Colombo. Elsewhere, the fallout from the collapse of Elon Musk's plan to buy Twitter continues. The Tesla boss has mocked the social media giant for threatening to sue him for cancelling the proposed $44bn buyout. Professor of Law at Columbia University in New York, John Coffee, talks us through all the ramifications. Tensions grow in South Africa over continuing rolling power blackouts.
Following the assassination of Japan's former prime minister Shinzo Abe, we reflect on the day's events and analyse his economic legacy. Takahide Kiuchi from the Nomura Research Institute in Tokyo discusses the policy of 'Abenomics'. Wall Street analyst Chris Low tells us how the markets have reacted to news of Mr Abe's death. We also get business reaction from Japan.
Japan's former prime minister Shinzo Abe has died in hospital after he was shot at a political campaign event.
Abe was shot at twice while he was giving a speech on a street in the city of Nara on Friday morning.
Security officials at the scene tackled the gunman and a 41-year-old suspect is now in police custody.
Germany: Fears of winter energy crisis bring calls for shorter hot showers and cooler swimming pools as the impact of its energy crunch begins to spread from industry to offices, leisure centres and homes.
And as Muslims around the world prepare to celebrate the feast of Eid al Adha, a spike in the price of Rams mean many in parts of Africa will not fulfil their religious obligation.
The UK Prime Minister Boris Johnson has quit as leader of the Conservative party. It follows a series of ministerial resignations and will lead to the end of Mr Johnson's three year reign as the country's leader at a crucial time for the UK economy. We assess the reasons that have led to this point, get reaction from Europe and ask who will be next in Number 10 Downing Street? We look at what the Prime Minister's resignation may mean from a business perspective with Harvard University economics professor and former IMF chief economist, Kenneth Rogoff. Columbia University economist Cary Leahy gives us the lowdown on the US markets.
Boris Johnson has resigned as British Prime Minister.
The Conservative will step down when a new leader is found, but some members of his party want him to go immediately.
On World Business Report, we take a health check of the UK economy, hearing from Europe and the markets on what they’d like to see happen next in British Politics.
Trouble at the core of Britain's leadership has sparked concern over the country's economy. The pound has slumped, and economists fear the situation could hinder long-term growth prospects. A former Treasury official, Jeevun Sandher, provides an insider's perspective - and explains why it could damage consumer and investor sentiment.
There's turbulence worldwide, with market volatility exacerbated by recession warnings and fluctuating oil prices. Washington-based industry expert, Dr Sara Vakhshouri, walks through the factors.
The French government looks to fully nationalise the country's energy giant, EDF, and the European Union looks to gas and nuclear in order to secure supplies. Peter Morici has your daily markets update, and Alex Bell looks at the latest business headlines with Sam Fenwick.
President Joe Biden may announce a rollback of some US tariffs on Chinese consumer goods, which marks his first major policy step on trade ties between the world’s two biggest economic powers.
The tariffs which cover about $370bn worth of Chinese imports was introduced by President Trump and seen as a signature element of his America first policy.
A planned oil pipeline which is expected to run from the Tanzanian coast to Uganda could be illegal because it breached environmental and human rights guidelines for financing big infrastructure projects according to a report.
The UK Chancellor Rishi Sunak has resigned, saying he can no longer serve under Prime Minister Boris Johnson. News of his resignation followed that of Health Secretary Sajid Javid. Johnson has been accused of making a series of misleading statements. We get reaction from a business owner and former Conservative supporter. Reports suggest Germany is to abandon its target for reaching net zero greenhouse gas emissions by 2035 as Russian gas supplies are reduced. We ask an energy industry expert what the wider implications are. The Central African Republic plans to introduce a new digital currency. But how how feasible it?
Italy has declared a state of emergency in five northern regions surrounding the Po River, amid the worst drought in 70 years. The lack of rain threatens more than 30% of the country's agricultural produce.
In Norway, offshore oil and gas workers have begun a strike, demanding better pay - as living costs rise.
And we find out how a Nigerian streaming company leveraged on a boom in the popularity of Afrobeats.
Ukraine says it needs $750 million to rebuild Ukraine and to restore its economy after the war with Russia. We speak to Oliver Bullough, author of Butler to the World: How Britain Helps the World's Worst People Launder Money, Commit Crimes, and Get Away with Anything. Inflation in Turkey has risen at its fastest rate for 25 years. We get the views of Turkish economist Murat Sagman. Elsewhere Manchester City's owners buy a majority stake in Italian Serie B side Palermo. We look at the business and sporting model of the English Premier League side, whose owners now have a total or partial stake in 11 football clubs.
Leaders from dozens of countries and international organisations are meeting in Lugano, Switzerland to discuss the reconstruction of Ukraine.
In Turkey, prices are rising at their fastest rate in 24 years, according to the latest official figures.
The heads of state of the Economic Community of West African States (Ecowas) meeting in the Ghanaian capital, Accra, accepted a proposal by the Malian military to hold elections and return to civilian rule by March 2024.
Travellers in France face a wave of flight cancellations as a four-day strike by airport workers in the capital grounds dozens of planes. We hear from French journalist Anne-Elizabeth Moutet and the Head of Aviation at the European Transport Workers' Federation Eoin Coates.
Disney, Facebook’s parent Meta, American Express and Goldman Sachs are among the latest in a growing list of companies that say they will cover expenses for employees who travel out of state to access abortion care. But what happens to those who work for smaller employers who can't or won't provide extended health care? Marketplace's Meghan McCarty Carino has more on who the system leaves behind.
Only a tiny handful of women have ever attempted to enter Formula 1. But now one team is trying to change that: Alpine. Formerly Renault F1 has launched a bid to get more women into the sport, we talk to their head of HR Claire Mesnier.
The Indian government's recent reform of defence recruitment is under fire. Young people across the country have been protesting against the reduction of service to four years - as the country attempts to make the armed forces leaner and reduce pension expenditure. The BBC’s Archana Shukla explores why this reform is so controversial.
The Sky Cruise is a huge aeroplane with thousands of rooms, parks and a pool powered by its own nuclear reactor. But it only exists in a video animation made by Yemeni science communicator and video producer Hashem Al-Ghail... for now. He told us why he thinks his design can soon become a real vacation cruiser.
On the 25th anniversary of Hong Kong's transfer from British to Chinese rule, we ask how things have changed for businesses in the territory. Speaking at an event to mark the occasion, President Xi said the "one country two system" model of ruling Hong Kong must continue. He also oversaw the inauguration of Hong Kong's new pro-Beijing leader John Lee. Bloomberg's Asia Government Correspondent, Rebecca Choong Wilkins gives her insight into the day's events and looks at what the future holds for businesses in Hong Kong. US stocks have seen their worst first half drop since the 1970s. Shanti Kelemen, Chief Investment Officer with M&G Wealth, gives her analysis and considers how other global markets are being affected. Same-sex marriage is now legal in Switzerland, following a referendum on the issue in the country last year. Felix Fay from the Swiss Queer Wedding Association reacts.
Joe Biden's climate strategy suffers a major setback after the US Supreme Court rules that the Environmental Protection Agency doesn't have the authority to set standards on polluting emissions from existing power plants. A White House spokesperson says the ruling is a "devastating decision," we ask the BBC's John Mervin about the potential consequences.
Global markets close after one of their worst performances in decades. As investors brace for further losses and even the prospect of a recession in the United States, we hear from FHN Financial's analyst Chris Low about their concerns.
The Chinese President Xi Jinping has been visiting Hong Kong to celebrate the 25th anniversary of the British handover. As part of the deal, the city was meant to enjoy a high degree of autonomy until 2047 when it would become a fully integrated part of China. But critics say Beijing hasn't allowed Hong Kong residents to maintain those freedoms. We hear from Herbert Chow, a Hong Kong-based businessman.
Unilever has sold the ice cream brand Ben & Jerry's to an Israeli licensee, opening the door for the dessert to be sold in the Palestinian territories. Ben & Jerry's has criticised its parent company for the decision. We speak to Michael Dickson, the executive director of Stand With Us - a pressure group that campaigns against boycotts.
NATO's two-day summit in Madrid has ended with a pledge to boost defence spending to strengthen the transatlantic military alliance and increase support for Ukraine. US President Joe Biden has announced a further $800 million in military aid. Senior defence consultant Fabrice Pothier tells us what the economic impact of increased defence spending may be for the countries offering greater support for the war-torn country. The pressure on global oil production is discussed at the latest OPEC+ meeting. We hear from former OPEC official and BP analyst Jorge Leon. A team from the International Monetary Fund leaves Sri Lanka without a bailout agreement, but with substantial progress made. Macroeconomist Ammar Khan explains what could be included in the deal.
A major hedge fund faces liquidation following a cryptocurrency price crash. Singapore-based Three Arrows Capital has defaulted on loans of more than $700 million. Could it be a sign of worse to come? Digital Assets Correspondent for the Financial Times, Scott Chipolina, says it's not the first time confidence has been undermined. Walter Tood, President of US-based firm Greenwood Capital, gives us the latest insight into markets and global inflation. Sri Lanka, which is among the worst-affected countries, has suffered another blow, as the government admits a secure supply of petrol may not be available for more than three weeks. Joseph Stalin from the Ceylon Teachers' Union and Steve Hanke from Johns Hopkins University give us their insight into the country's troubles. Meanwhile, the UN says there's more demand than ever for fish worldwide. We look at the effect it's having with Chris Williams from the International Transport Workers' Federation. Alex Bell rounds up the rest of the day's business news.
Fashion brand H&M is planning to open more stores in South America to make up for losses in Russia, where it's closed its shops due to the war in Ukraine. Before the conflict, Russia had been H&M's most important growth market. We speak exclusively to the group's head of investor relations, Nils Vinge, about the challenges ahead. As the economic crisis in Sri Lanka continues, we hear from people living in the capital, Colombo, as they struggle to buy enough fuel for their businesses. The country has suspended sales of fuel for non-essential vehicles for two weeks. Airbnb has permanently banned parties at homes around the world on its platform. We speak to an Airbnb host in the Bahamas whose home was rented and wrecked by partygoers.
At least 50 people from Mexico, Guatemala and Honduras have been found dead in the back of a truck outside the Texas city of San Antonio. Mexico has blamed a people smuggling crisis at the border with the US. So what makes people attempt the journey? Lillian Perlmutter, a journalist based in Mexico City, gives us the latest reaction.
We'll hear reaction from across the continent. The tragedy comes amid plummeting costs across North and South America, and protests in the Peruvian capital. The country's former finance minister, Alonso Segura, tells us about a growing emergency in the country.
Back in the US, and a number of companies are offering their employees guaranteed access to abortions. One of them is Alloy - we hear why from founder Laura Spiekerman - and discuss the legal aspects with Robin Fretwell Wilson, a law professor at the University of Illinois.
New Jersey trader Joe Saluzzi has your markets update, and Alex Bell rounds up the rest of the day's business affairs.
Heads of state and government from NATO's 30 member countries are meeting in Madrid to decide what the organisation's strategic and spending plan should be for the next 10 years. The proposals include a dramatic increase to the number of troops in its rapid response force, increasing weapons stockpiles and strengthening command and control. But how will it all be paid for? We speak to former NATO advisor, Professor Gwythian Prins. A two-day demonstration has begun in Ghana's capital, Accra. Protesters are unhappy with recent fuel price rises and current economic conditions. Elsewhere, the fashion world mourns the death of Leonardo Del Vecchio, owner of eyewear company EssilorLuxottica - which produces Ray Ban and Oakley glasses.
In Sri Lanka, the government has banned all but essential sales of fuel for a fortnight. It follows months of surging prices, constrained supplies and political tensions. People there tell us about how difficult daily life has become.
As the G7 draws up plans to tackle the Russia-Ukraine conflict, we ask former Canadian finance minister Joe Oliver whether it will be enough.
Economics professor Caitlin Myers gives us the latest reaction to the decision to remove constitutional abortion rights from millions of women in the US, and a UN chief, Angela Me, analyses the findings of the body's latest report into the illicit drug trade.
Peter Jankovskis from Arbor Financial Services in New York gives us the lowdown on market conditions, and Alex Bell takes Rahul Tandon through the rest of the day's business news.
A proposed price cap on Russian oil is being discussed by G7 leaders, from the world's most advanced economies, at a three-day summit at a luxury resort in the mountains of Bavaria, Germany. The war in Ukraine is at at the top of the G7 agenda, with nations expected to promise further military support for Kyiv and more sanctions on Moscow. We discuss the price cap and look at how it could affect the cost oil globally if introduced. Elsewhere, criminal barristers in England and Wales go on strike in a dispute over legal aid funding and pay. As the Wimbledon tennis tournament gets underway, we consider its economic impact and find out about the value of tennis tournaments and sponsorships internationally.
The US Supreme Court has reversed its constitutional stance on abortion after 50 years. More than 30 million US women are set to lose their automatic right to end their pregnancy. Critics say it could result in worsening inequalities and push some women into poverty. Meanwhile, a number of workplaces have pledged to help women access healthcare in states where abortion will remain legal. We hear from both sides of the debate, and are joined by Rachel Fey from the healthcare support network Power To Decide.
Britain's ruling Conservative party have taken another blow in crucial polls. Some have called for Boris Johnson to quit. Economist Jagjit Chadha says it's all about the grim state of the economy.
Manuel Lodeiro from SITCPLA, a Spanish travel workers' union, explains why Ryanair staff are walking out in several European countries.
Elsewhere, as the EU offers 1 million euros to help the victims of Afghanistan's deadly earthquake, a former finance minister weighs in.
Ryanair staff have gone on strike today in protest against pay and conditions. Strikes will last for three days. Ernesto Iglesias from the USO trade union joins us from Madrid airport.
President Zelensky has found a new way to connect remotely, using technology donated to Ukraine that beams him into venues around the world as a hologram. Last week he spoke at a technology event in the UK. The BBC’s Lara Lewington was there and we get the details from her.
M&G Wealth’ Chief Investment Officer, Shanti Kelemen gives us a snapshot of how the markets are doing.
The European Union is allocating €1 million in humanitarian aid to Afghanistan, in response to a deadly earthquake that hit the country on Wednesday. Dr Nilab Mobarez is the acting President of the Afghan Red Crescent in Kabul. She explains the difficulties of getting aid into Afghanistan.
Bangladesh’s prime minister will cut the ribbon on a new road and rail bridge across the mighty Padma river tomorrow. The $3.6 billion dollar bridge will connect the north with nearly 20 poorer districts in the south. The BBC's South Asia Correspondent Anbarasan Ethirajan tells us more.
Swiss company Inores has developed a bar tending robot. Helmut Wede is the CEO explains exactly how the automaton serves drinks.
(Picture: Ryanair Boeing 737 close up - stock photo. Picture Credit: Getty Images).
Ukraine has been awarded candidate status by the European Union, meaning it could become a member state in the future. It applied to join shortly after Russia's invasion back in February. Moldova has also been made a candidate. President Zelensky and some EU leaders have praised the decision - while the Kremlin appears uninterested. We'll get the latest on the decision. Also in the programme, Tom Howells, a humanitarian director with Save the Children, tells us of the 'resilience' of Afghan people in the wake of a deadly earthquake. A former Ecuador government minister, Daniel Ortega Pacheco, weighs in as protests in the country rage on. Roger also speaks to Stefania Palma of the Financial Times as gun advocates score another victory in the US.
Organisations are facing financial challenges getting aid to Afghanistan after Wednesday's devastating earthquake. Vivienne Nunis is joined by Dr Erica Moret, a senior researcher at the Graduate Institute in Geneva and the author of a recent report on financial access for NGOs in Afghanistan.
European Union leaders are today set to formally designate Ukraine a candidate for future membership. Ukraine applied to join the bloc after Russia invaded in February, and leaders are meeting in Brussels. Marc Pierini, a former career EU diplomat for nearly 40 years, explains the process of joining the EU.
Online dating is big business, but some businesses are going one step further when it comes to love in the metaverse. Hannah Mullane has been investigating if putting on a virtual reality headset can help with dating.
Nike’s Air Force 1 went on sale today. It’s a collaboration with Off White, the luxury brand formerly owned by the late fashion designer Virgil Abloh. They sold for $185 but the resale value for such sneakers can be up to 400% higher. Radio and podcast host, Kish Kash explains how he got involved in the sneaker collecting phenomenon.
(Picture: Villagers along with rescue workers examine the extent of damage at a village following an earthquake in Bernal district, Paktika province, on June 23, 2022. - Desperate rescuers battled against the clock and heavy rain on June 23 to reach cut-off areas in eastern Afghanistan after a powerful earthquake killed at least 1,000 people and left thousands more homeless. Picture Credit: AHMAD SAHEL ARMAN/AFP via Getty Images).
The Taliban in Afghanistan have appealed for international support, as the country deals with the aftermath of a devastating 6.1 magnitude earthquake. Over 1,000 people have died and at least 1,500 injured, according to local officials.
Sri Lanka's prime minister Ranil Wickremesinghe says its troubled economy has collapsed and the country is unable to even pay for oil imports. Mr Wickremesinghe also said he is trying to put together a conference of donors, which, along with the above, would potentially also include China and Japan.
Allegations of corruption pointed at senior government officials in Malawi.
Today the Sri Lankan prime minister, Ranil Wickremesinghe, said the country's economy has completely collapsed and needs international support. Addressing parliament, he said a donor conference would be convened to seek financial assistance from China, Japan and India. Dhananath Fernando is the Chief Operating Officer at the independent policy think tank the Advocata Institute in Colombo. He tells us what might have prompted the prime minister to conclude that an economic collapse had been reached. It's estimated that as many as one thousand people have died in an earthquake in Afghanistan and another 1500 people have been injured. The Taliban has called on aid agencies to help reach the worst-affected areas but so far few have been able to reach those in need. Head of delegation in Afghanistan for the International Committee of the Red Cross, Eloi Fillion joins us from Kabul.
Prices in the UK are continuing to rise at their fastest rate for 40 years due to climbing food, energy and fuel costs. Russ Mould, investor director at AJ Bell, tells us how the markets have been reacting. In India financial content creators are seeing their popularity and their fortunes soar. Their fame coincides with the huge wave of retail investors coming into the equity markets. Our India Business Correspondent Nikhil Inamdar explains.
After three long years many festivals are reopening their gates, and one of the world's most famous, Glastonbury, is starting this weekend in England. The BBC's Colin Paterson was there when Michael Eavis, the founder and organiser of the festival, welcomed people to the site once again. Director of MTN Bushfire festival, Jiggs Thorne, tells us how popular festivals are in Africa and the challenges faced.
(Picture: Afghan people carry sacks of food grains distributed as an aid by the World Food Programme (WFP) in Kandahar on October 19, 2021. Picture Credit: JAVED TANVEER/AFP via Getty Images).
Russia has warned Lithuania of "serious" consequences after it banned some goods to the Russian territory of Kaliningrad. Kaliningrad - a strategic region where Russia's Baltic Fleet is headquartered - has no border with mainland Russia. Russia's senior security official Nikolai Patrushev said Moscow will certainly respond to such hostile actions.
A British subsidiary of the mining company Glencore has pleaded guilty in a UK court to corruption offences, after being accused of paying millions of dollars in bribes to secure access to crude oil in Africa.
Only 20% of trains across England, Scotland and Wales are running as the RMT union strike for three days over job cuts, pay and pensions. The Prime Minister, Boris Johnson has said commuters must "stay the course" and urged rail bosses and unions to agree a deal. The BBC’s Rowan Bridge gives us an update from Manchester Piccadilly station in the north west of England.
And it’s not just the UK. Yesterday, public sector health workers and teachers walked out over pay in Zimbabwe. There was also a nation-wide strike by trade unions in Belgium. Emeritus professor of economics at Ottowa University, Mario Seccareccia, explains.
The Hungarian government is subsidising fuel to around $1.25 a litre. But the policy triggered a wave of fuel tourism, as drivers from neighbouring countries crossed the border to fill up their cars more cheaply. The government has said cheaper fuel would only be available to Hungarian-registered cars, something the EU says is discriminatory and could land Hungary in court. Gabor Egri, President of the Independent Petrol Station Association of Hungary, tells us how petrol station owners are reacting.
India has been firefighting a diplomatic row with Arab countries because of derogatory remarks made by the spokesperson of the ruling Hindu nationalist party, the BJP, about the Prophet Muhammad. Following strong objections and protests in these countries the spokesperson has now been suspended. The BBC’s Devina Gupta tells us how much this has impacted India’s relations with the Gulf countries, where it does trade worth billions of dollars.
A gigantic cruise ship being built in Germany could be sold for scrap metal before it ever sets sail. We find out more from Captain Ken Caine of shipbrokers QPS Marine Ships in Florida.
A new book called "The No Club" explains how doing the jobs which keep managers happy day-to-day, can actually hold you back in your career. The BBC's Leanna Byrne spoke to the book's four authors: Professors Linda Babcock, Lise Vesterlund, Brenda Peyser and Laurie Weingart.
Ukrainian President Volodymyr Zelensky has called Africa "a hostage" of Russia's war during an address to the African Union (AU) on Monday nearly ten weeks after he first asked to address the continental body. African countries have been divided in their response to Russia's war in Ukraine. Hundreds of Zimbabwe’s public sector health workers have gone on strike over low wages and poor working conditions following a worsening economic crisis that has seen thousands of health workers leave public service in the last three years. (Image: President Zelensky in Kyiv. Credit: Getty)
Hundreds of public sector health workers and teachers went on strike with organisers saying they can't afford to feed their families. The BBC's Zimbabwe correspondent Shingai Nyoka gives us an update.
Columbia elected its first ever left-wing president at the weekend. Gustavo Petro is a former mayor of Bogotá and an ex-rebel fighter. Mr Petro defeated the right-wing millionaire Rodolfo Hernández in Sunday's run-off election with 55% of the vote. We get reaction from businessman Hernando Barreto and Director of Colombia Risk Analysis, Sergio Guzman in Bogotá.
Investment Banker at AJ Bell, Russ Mould talks through the impact of airlines’ stock price and the markets reaction to more big retailers turning to online.
Floriade is a huge horticulture exhibition taking place every 10 years. It's in the Dutch city of Almere this year. For 6 months, visitors will see displays of plants and flowers, horticultural innovation – and proposed solutions to global environmental problems, especially in the area of urban housing. Matthew Kenyon has been to visit and hear about the challenges of putting it together during the pandemic.
We hear from Alan Wolff, the former deputy directory-general of the World Trade Organisation about the deal on banning fishing subsidies - that has been achieved after more than 20 years of talks.
After a tumultuous week we check in with the markets on Wall Street. Joe Saluzzi, Institutional partner at Themis Trading joins us.
A BBC survey of more than 4 thousand adults in the UK shows people are cutting back on food and car journeys to save money. Nancy Marshall Genzer of our US partner programme Marketplace has been investigating how American Gen Zs are coping with the economic instability.
Colombians go to the polls on Sunday in an election that commentators say will change the direction of the country - no matter who wins. Sergio Guzman, director of Colombia Risk Analysis, and Businessman Hernando Barreto give their views.
The European Commission has recommended to give Ukraine and Moldova candidate status, moving their application forward in a process that will still take many years to complete. European leaders will meet next week to vote and the approval of all 27-nations is needed for both countries to be officially declared candidates to join the EU. Oleg Chernyak, CEO of CHI Software, tells us about the hopes this brings to a war-torn country. India is seeing violent protests against a new military recruitment scheme. One person was killed in the southern city of Secunderabad after police opened fire to disperse a mob attacking a railway station. Sushant Kumar Singh from the Centre for Policy Research in India explains why the scheme is controversial while the BBC's Surekha Abburi brings us the latest from the protests. The director of the World Trade Organisation Ngozi Okonjo-Iweala says marathon talks in Geneva have produced a series of trade deals that will make a difference to the lives of people around the world. We talk to Alan Wolff, former deputy director-general of the WTO, and BBC Africa's Charles Gitonga. President Vladimir Putin says sanctions against Russia over the invasion of Ukraine are an 'economic blitzkrieg' that backfired on the West. We hear from Shanti Keleman, chief investment officer at M&G Wealth, about this and other developments taking place in the markets. The Netherlands has invested 100 million euros to start flying hydrogen planes to London by 2028. We talk to Michel Van Ierland, an entrepreneur who participates in the project.
Central banks across the world have raised interest rates in the last six months, in a bid to contain the most rapid inflation in decades. We speak to Cary Leahey an Economist in New York.
Leaders of Germany, France, Italy and Romania have said they support Ukraine's bid to join the European Union. Deputy Director at the Bruegel economic think tank, Maria Demertzis, tells us what the likelihood is of a union with Ukraine.
Tesla boss, Elon Musk, has been speaking to Twitter employees today. Editor of The Verge, Alex Heath, has been following the story since it began.
The value of bitcoin has fallen about 30% in the last 10 days. The BBC’s Joe Tidy visited the capital, San Salvador, to see how widespread the use of bitcoin is there.
Cosmetics firm, Revlon, has filed for bankruptcy protection as it struggles against massive debts and stiff competition. Lauren Thomas from CNBC tells us why such a big brand failed to survive in a pressured economic climate.
We explore the fallout of the US Federal Reserve's interest rate hike. The Bank of England has followed suit by raising the cost of borrowing by 0.25 percent in an attempt to control inflation. We hear from Jason Furman, an economics professor at Harvard and a former economics advisor to President Barack Obama. The value of bitcoin has fallen about 30% in the last 10 days, devaluating investors' funds around the world. One of them is the government of El Salvador, where bitcoin was made legal tender last year. The BBC's Joe Tidy visits the country to see how widespread the use of the cryptocurrency is while Stephen Obehi, a Nigeria based cyber security analyst, tells us about a similar policy in the Central African Republic. Transport in Tunisia has been suspended as hundreds of thousands of state employees hold a 24-hour strike to demand better pay amid soaring inflation. Souhail Khmira, a journalist in Tunis, explains the reasons. Plus, we discuss Elon Musk's attempt to buy Twitter as he is expected to speak to staff this week for the first time. We talk to Ross Gerber, president of California based investment firm Gerber Kawasaki, an investor in both Twitter and Tesla.
The US central bank has announced its biggest interest rate rise in nearly 30 years – raising its headline rate to a range between 1.5% and 1.75%. President and CEO of Carver Federal Savings Bank, Michael Pugh joins us from Harlem, New York City. We also hear from a restaurant and bakery owner in the US.
China and Russia have agreed to deepen their strategic cooperation, Associate Professor in Global Communication at Georgia State University, Maria Repnikova tells us why Beijing is looking to strengthen its relationship with Russia.
Also on the programme, after 27 years, Microsoft is retiring Internet Explorer for good. Author of Retro Tech Peter Leigh tells us about its history and why it’s coming to an end.
With inflation at its highest level for the past 40 years, the eyes of the global financial world are on the US Federal Reserve, whose Chairman Jerome Powell is expected to announce an interest rate rise to help tackle inflation. We hear from Randall Kroszner, former governor of the Fed. We also talk to senior market analyst at City Index Fiona Cincotta about the European Central Bank's latest emergency meeting and why a senior minister in Pakistan is advising people to reduce their tea consumption to help the economy. Spain has recorded the hottest June in 20 years with temperatures as high as 43°C. We speak to different businesses there about how they manage to operate in such a hot weather. Plus, K-pop idols BTS have decided to take a break to pursue solo projects. The best-selling artists of 2021 say it's time to 'mature' as individuals. We hear more from Choi Ji-Won, a K-pop reporter for the Korea Herald.
Sri Lanka is experiencing severe inflation, along with food and fuel shortages. Now around a million workers have been told to work four days a week instead of five. But will it work? Officials say an extra day each weekend will save citizens money, and allow them to grow food in their gardens. But some economists fear it could spark further unrest in the country - and do little to remedy economic woes. Prominent Sri Lankan economist and political writer Asanga Abeyagoonasekera joins us live on the programme to discuss where the country is heading. The UN's Humanitarian Co-ordinator in Yemen, David Gressly, gives a stark warning about another potential fuel crisis facing the world. It's been another rough day in US and European markets, as trader Joe Saluzzi explains. Global supply chain issues have affected supplies of tampons in the US - Dana Cohen from the sanitary brand Cora can tell us why. We'll also hear about the controversy surrounding Pixar's latest film in the Middle East, with Hollywood writer Sandro Monetti.
Sri Lanka has approved a four-day week for public sector workers as it struggles to deal with a chronic fuel shortage. The workers impacted will also be encouraged to grow their own food. We hear from a young Sri Lankan about his experiences in the crisis-hit country. Indian Prime Minister Narendra Modi announces an ambitious civil service recruitment drive, aimed at employing one million people. We also discuss the future of vaccine manufacturing in Africa, with the head of a major South African pharmaceutical company.
The UK has denied breaching international law over changes to its Brexit deal with the EU. The changes are all about transporting goods to and from Northern Ireland. We'll hear what this could mean for business from Elvire Fabry, a trade expert from the Jaques Delours Institute. Famine is again looming over parts of Africa due to the war in Ukraine, according to UNICEF Deputy Regional Director Rania Dagesh. Peter Jankowskis gives us the latest updates on a turbulent day for the markets. Finally, a potential multi-billion dollar deal could see India's biggest cricket league grow even bigger. Sports journalist Sauruh Somani and the 'image guru', Dilip Cherian, tell us why the money is right.
Beijing has reinstated some coronavirus restrictions following an outbreak of Covid-19 in China's capital. It comes little more than a week after some curbs, including those on indoor dining, were eased. We look at the economic impact of China's 'zero Covid' policy in Beijing itself, in the country as a whole and on a global scale. Elsewhere, the Africa CEO Forum gets underway in Abidjan on the Ivory Coast. Around 2,000 business leaders, investors and policy makers from all over Africa gather to discuss ways that the private sector can help further develop the continent. We also hear from India, where bidding has begun for broadcasting rights to the highly lucrative Indian Premier League cricket competition. (Image: woman looking through window with mask, Beijing. Credit: Getty Images)
Inflation continues to squeeze American households with an 8.6% rate in May, the highest since 1981. Food and energy prices lead the rally with double-digit increases. A consumer and a business owner in different parts of the country share their struggles as we ask Peter Jankovskis, vice president of Arbor Financial Services in Chicago, for his input on how the Federal Reserve may react to this rise. The US is dropping its Covid test requirement for air travellers and Japan has reopening its borders to holidaymakers from almost 100 nations after two years of strict restrictions. We talk to Yukari Sakamoto who takes tourists on tours of food markets in Tokyo. The president of Venezuela, Nicolas Maduro, is on his first international trip for three years for political and economic talks. He has visited Turkey, Algeria and Iran after being excluded by the US from the Summit of the Americas. Venezuelan economist Francisco Rodriguez explains the current situation of the country's economy. The government of Saudi Arabia has introduced a lottery system for Westerners who want to attend year's Hajj pilgrimage to Mecca. We ask the director of The Ayaan Institute, Jahangir Mohammed, about the controversy this has created.
As coronavirus eases, Japan is opening up to tourists, but with strict rules in place. They will have to be part of a package tour, and must wear face coverings in all public places. Yukari Sakamoto takes tourists on tours of food markets in Tokyo, and brings us her perspective on the latest move. And we hear about the economic impact a lack of tourists has had on Japan, from the BBC's Mariko Oi. Also in the programme, Saudi Arabia has introduced a lottery system for westerners hoping to undertake their Hajj pilgrimage this year. That has led to complaints from people who had already booked flights and hotels, and now fear they'll be denied permission to visit Mecca. We find out more from Sean McLoughlin, who is Professor of the Anthropology of Islam at the University of Leeds, and specialises in the industry surrounding the Hajj. The UK Competition and Markets Authority is to investigate Google and Apple for a possible duopoly in their Chrome and Safari web browsers on mobile devices. Andrew Griffin is technology editor of the Independent news website, and discusses the implications. Plus, the BBC's Elizabeth Hotson pays a visit to the UK's Electromagnetic Field event, a four-day jamboree of original thinking and all things nerdy. Today's edition is presented by Rob Young, and produced by Nisha Patel, George Thomas and Elizabeth Hotson.
The United States vehicle safety regulator is to upgrade its investigation into the autopilot function of Tesla electric cars after more than a dozen of them crashed into parked first-responder vehicles in four years. We hear more from our North of America Business Correspondent Michelle Fleury and Columbia University's economist Cary Leahey. In its first report since Russia's invasion of Ukraine, the United Nations Food and Agricultural Organisation has warned that poor countries will have to pay more money to receive less food this year. One of these nations is Ethiopia, where Doctors Without Borders are seeing more children die of malnutrition. We speak to Raphael Veicht, their Emergency Coordinator in Addis Ababa. After decades of stable or falling prices, a 2.5% inflation rate has come as a shock for Japanese shoppers. The BBC's Mariko Oi reports from Tokyo. Algeria is "immediately" suspending a 20-year friendship treaty with Spain, after Madrid reversed its neutral stance towards Western Sahara. Algerian researcher at the University of Glasgow Zine Ghebouli explains why.
(Picture: Tesla's logo. Picture credit: Reuters)
We hear why Russia's invasion of Ukraine could cause the global food import bill to rise to a record $1.8tn this year from Upali Wickramasinghe, senior economist at the FAO. And we find out about the challenges faced by people in Uganda with food prices from Nebert Rugadya, who is a business reporter in Kampala. Also in the programme, the BBC's Mariko Oi reports from Tokyo on why inflation in Japan is significantly lower than in many other parts of the world. There's been an overhaul of drugs laws in Thailand, where it's now legal to cultivate marijuana, and some consumption of it is now also allowed. The BBC's Jonathan Head has been to visit some farms in the north of the country, where cannabis plants are being handed out to farmers. Plus, energy price rises as a result of the conflict in Ukraine have focused attention on the prospects for more renewable energy. But one challenge is how to store solar and wind power so that it can be used when the sun isn't shining or the wind isn't blowing, and the BBC's Hannah Bewley explores a range of promising new technologies aimed at tackling the issue.
'No country' will be left untouched by cost of living crisis, says the UN chief Antonio Guterres as pressure on Russia to end blockade of Ukrainian ports grows. Increase in prices of energy and food can be felt everywhere, but for nations in the Horn of Africa the situation is dire as people in rural areas are on the brink of starvation. We talk to Hassan Khannenje, director of Horn International Institute for Strategic Studies. India has increased interest rates for the second time this year, with an increment of 0.5%. The country is struggling to control rising inflation, which stands at 8%. Sanjay Aggarawal of Paramount Cables Group and Pradeep Multani of PHD Chamber of Commerce and Industry tell us more. A TikTok executive has stepped back after claims that he participated in an aggressive work culture. We hear from Financial Times reporter Cristina Criddle about the allegations. Walmart heir Rob Walton and his family have won the bidding to buy NFL's Denver Broncos. The Walton-Penner family is reported to have made a bid worth 4.65 billion dollars. Sports Business Journal's Ben Fischer explains the details.
(Picture: UN Secretary-General Guterres. Picture credit: European Pressphoto Agency)
Talks were held between Russia and Turkey on a UN plan to restart Ukrainian grain exports. Western countries have accused Russia of risking global famine by shutting Ukraine's Black Sea ports. Arnaud Petit is executive director of inter-governmental group the International Grains Council, and discusses the challenges involved in getting Ukraine's grain supplies moving again. Also in the programme, the UN's World Food Programme is working with the California ride-hailing app Uber to use its technology to help move emergency supplies of food and water within Ukraine. The BBC's Zoe Kleinman explains how the software might help lower the risk of delivery trucks becoming targets, by enabling supplies to be moved around in much smaller vehicles. Plans for compulsory quotas for women in senior positions have been agreed by the European Parliament and EU member states. A third of all directors in companies employing more than 250 people will need to be women within the next four years. We find out more from Lara Wolters, who is a Dutch socialist member of the European Parliament, and who also led negotiations on the change. Plus, the BBC's Vivienne Nunis reports on concerns around oil development in the Congo basin which may threaten peatland storing 30bn tonnes of Carbon Dioxide.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel, Elizabeth Hotson and Gabriele Shaw.
David Malpass, president of the World Bank Group, tells Sam Fenwick about the economic challenges countries are facing globally, and how they might continue for another year. As consumer credit hits a record high in April for Americans, we speak to Aviva Investors' Susan Schmidt about how the US economy is fairing. As India continues to tackle temperatures of over 40 degrees Celsius, we speak to Indian journalist Mayank Aggarwal on the ambitious climate targets set by the government and how billionaires are throwing their money behind solar energy. We also hear from South Americans who are heading to the United States in a migrant caravan, in time for a meeting of Western Hemisphere leaders in Los Angeles, and speak to freelance journalist Lilian Perlmutter about the journey. (Picture: World Bank Group logo. Picture credit: Beata Zawrzel/NurPhoto via Getty Images)
Sri Lanka's government says it needs $6bn to maintain citizens' basic standard of living. Sajid Nazmi is an IT worker in the capital Colombo, and discusses the impact of the country's financial crisis. And political economist Ahilan Kardigamar of the University of Jaffna talks us through what the government is trying to do to alleviate the situation. Also in the programme, Wednesday this week marks World Ocean Day, which aims to raise global awareness about the health of our seas. The campaign group Oceana has organised a marine expedition in the Alboran Sea off the coast of Spain, to document levels of plastic waste there. We find out more from marine biologist Ricardo Aguilar, who is on board the monitoring boat. The BBC's Rahul Tandon reports on the economic challenges caused by a severe heatwave in India. Plus, we hear from Politico reporter Peter O'Brien about a move by the European Union to standardise charging cables for smartphones, tablets and digital cameras.
Today's edition is presented by Mike Johnson, and produced by Sara Parry and George Thomas.
The Prime Minister of the UK secured the support of almost 60% of his party after many rebel politicians issued a vote of no confidence, we speak to our UK political correspondent Rob Watson to find out what this could mean for Boris Johnson. We ask American financial expert Peter Jankovskis what might happen to the British pound after this vote. As a major four day work week trial begins in the UK, we speak to Heather Payne, CEO of Juno College in the Canadian capital of Toronto, and is one of the first companies to adopt a four day working week in the country to find out the surprising effects the change has had on her school and staff. Heads of state from across the Americas are also heading to the United States to discuss inflation, climate change and migration, and we're speaking to the Antiguan Bardudan ambassador to the US, Sir Ronald Sanders who is attending the summit about what he hopes to discuss, and why Cuba and Nicaragua aren't invited. (Picture: British Prime Minister Boris Johnson. Picture credit: LEON NEAL/POOL/AFP via Getty Images)
The most extensive trial yet of a four day working week is now under way in the UK. More than 3,000 workers at 70 companies will work a day less without having to increase hours over the four remaining days. Edward Siegel is chief executive of Charity Bank, which is taking part in the trial, and tells us why he signed the organisation up. And we hear about some of the possible problems that might be encountered from Abigail Marks, professor of the future of work at Newcastle University. Also in the programme, negotiators from almost 200 countries are meeting in Bonn in Germany for talks to inspire fresh action on tackling climate change. Eddy Perez of campaign group Climate Action Network Canada is one of the attendees, and discusses the mood at the gathering. The budget airline Ryanair is facing criticism in South Africa, where it has been requiring South African nationals to take a test in Afrikaans, amid concerns about the high number of fake passports circulating in the country. The BBC's Nomsa Maseko explains why the move has led to accusations of racial discrimination. Plus, the BBC's Clare Williamson reports on concerns that some older people are getting left behind as banks close branches and move online.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel, George Thomas and Gabriele Shaw.
The American labour market added more new jobs than expected in May, with payrolls rising by 390,000. But the tech sector has started to step on the brakes in fear of a recession. Tesla's CEO Elon Musk has warned that the electric carmaker needs to cut about 10% of its staff, saying he has a "super bad feeling" about the economy. We ask Chris Low, financial analyst at FHN Financial what this means for the economy. The head of the African Union, Macky Sall, has been in Moscow to urge Russian President Vladimir Putin to consider the people suffering from food shortages on the continent, who rely on Ukrainian and Russian cereals and fertiliser. We hear from the World Food Programme's Regional Director for Eastern Africa, Michael Dunford, and the BBC's correspondent in Nigeria Ishaq Khalid. Inflation in Turkey has risen to more than 73%, the fastest rate in 24 years. The cost of everyday goods has surged because of the war in Ukraine, higher energy costs and the decreasing value of the Turkish currency -- the lira. Erinc Yeldan is a professor of Economics at Kadir Has University in Istanbul, Turkey. Memorial Day in the US this week marked the end of the official Broadway season. It was the first with in-person shows since the pandemic. We hear a special report from our US partners Marketplace. The UK is marking the Platinum Jubilee of Queen Elizabeth II with a four day weekend. We talk to British and foreign royal fans gathered in the streets of London to celebrate. The Queen is the head of fourteen other countries in the Commonwealth realm besides the UK. However, over the years, members like Trinidad and Tobago have preferred to become a republic instead. Are they celebrating the Queen's Platinum Jubilee? We ask Ian de Souza, CEO of the Trinidad and Tobago Chamber of Industry and Commerce.
We broadcast live from the rooftop of the BBC to ask whether a four-day weekend be a help, or hindrance to the economy? We talk to Brand Finance's Chief Executive, David Haigh, over a very British cup of tea and ask him to go over the figures. And Jace Tyrrell, chief executive of the New West End Company tells us how the business partnership of 600 UK & international retailers, restaurateurs, hoteliers, galleries and property owners in London's West End, has recovered from the pandemic. Plus, the BBC's Victoria Craig report from a very British institution - the street party - and looks at the money generated for the local economy. Plus, Germany is extremely reliant on Russian gas and analysts predict the country’s income will contract if there is an imposed embargo on it - there is therefore pressure to transition to home-grown sustainable energy - we hear from Andreas Schierenbeck, founder of the green hydrogen energy company HH2E. And Malaysia has banned the export of chicken, in a bid to control prices at home. It's having a big impact on countries that rely on the imports, such as Singapore and we hear from the BBC's Monica Miller in Singapore about the rising price of the country's famous 'chicken and rice' dish.
The group of oil-producing nations known as OPEC+ has agreed to boost output by 50% in July and August to ease price pressures. We talk to Senior Analyst for Bloomberg Intelligence Fernando Valle about the impact this will have in the world economy. African nations usually import almost half of their grain from Ukraine and Russia, along with significant amounts of fertiliser and vegetable oils, but following the invasion of Ukraine, Russia has captured some of Ukraine's biggest seaports and is blocking Ukrainian shipments. We hear from Ollo Sib, who works for the UN World Food Programme in Senegal's capital Dakar. One way companies and individuals in Nigeria have been able to adapt to inflation is by 'sachetisation': smaller versions of products like pizza or baby formula for an affordable price. Shakirudeen Taiwo, an economist with the Nigerian Economic Summit Group, tells us more from Lagos. We hear about the challenges the garment industry is facing in India from Daranipathy Rajkumar, chairman of the Indian Confederation of Indian Textile Industries in New Delhi. Thousands of people have lined the streets around Buckingham Palace to celebrate Queen Elizabeth's Platinum Jubilee. Some have come from as far away as Australia and the US. The Antigua and Barbuda Chamber of Commerce's Martin Cave joins us to discuss the celebrations in the Caribbean. The licensing company that controls the Elvis Presley name and image is ordering wedding chapel operators in Las Vegas to stop using Elvis in their themed ceremonies. Jason Whaley, the president of the Las Vegas Wedding Chamber of Commerce explains what this means for the industry.
African nations usually import almost half of their grain from Ukraine and Russia, along with significant amounts of fertiliser and vegetable oils, but following the invasion of Ukraine, Russia has captured some of Ukraine's biggest seaports and is blocking Ukrainian shipments. We hear from the BBC's Mohammud Ali in the Kenyan capital Nairobi and Ollo Sib who works for the UN World Food Programme in Senegal's capital Dakar. Sri Lanka has been hit hard by the surge in global inflation and its reserves of foreign currencies - used to pay for imports - are dwindling. So to preserve its foreign exchange, Colombo has just increased import taxes on a wide range of goods. We get more details from Dimuthu Attanayake, a journalist in Sri Lanka's capital Colombo. The nations that make up the oil cartel Opec - along with Russia - have just said they'll increase the amount of oil they produce over the next couple of months. We hear more from Amena Bakr, chief Opec correspondent for Energy Intelligence. The UK is now in the midst of a four-day long weekend to mark Queen Elizabeth the Second's Platinum Jubilee, celebrating 70 years on the throne. For those wanting to throw a celebration fit for a queen, you might look for a literal royal stamp of approval - or royal warrant - that you can find on a very select number of products - the BBC's Victoria Craig brings us an extended report.
The Chief Operating Officer of Facebook's parent company Meta is standing down after 14 years. Sheryl Sandberg announced her decision on the social media site. Sandberg is one of the most high-profile women in the tech industry. Elsewhere, the chief executive of German asset manager DWS has resigned over 'greenwashing' claims. It follows police raids on DWS offices in Frankfurt, as well as on those of its majority owner, Deutsche Bank in the same city. DWS denies that it misled investors. We also look at how an export ban on chicken from Malaysia is putting Singapore's de-facto national dish under threat.
The boss of German asset manager DWS has resigned after a raid over alleged greenwashing. A former employee had suggested the company was selling investment funds as green when they weren't. DWS denies the claims, and we find out more from Steve Arons, who has been following the story for Bloomberg in Frankfurt. And we hear about wider concerns over the recent growth of ESG, or environmental, social and governance considerations in business, from Magdalene Senn of the non-governmental organisation Finance Wende in Berlin. Also in the programme, as tourists begin to return to Nepal, following the lifting of Covid-19 travel restrictions, the BBC's Anbarasan Ethirajan reports from the capital Kathmandu on challenges faced by the sector, after most employees left during the pandemic. Motorcycle taxis, or okada, are normally a common sight on the streets of Lagos, Nigeria's commercial hub. But they've been banned from today in large parts of the city, and Abisola Owolawi, who is a business correspondent at the Nigerian TV channel Arise News tells us what's behind the move. Plus the BBC's Elizabeth Hotson reports on the enduring popularity of the British drink, gin and tonic, and asks whether it can maintain its place in the British psyche in the face of the rising trend for vodka and tequila.
The Russian energy giant, Gazprom, is to cut gas supplies to the Netherlands and Denmark. Both countries have refused to pay in roubles and it follows an earlier decision from the EU to block most Russian oil imports by the end of the year. The Dutch Prime Minister, Mark Rutte, is playing down the potential impact though. Elsewhere, consumer groups in 18 European countries back a report calling gaming loot boxes "exploitative." We also hear about the impact of Sri Lanka's economic crisis on the country's hospitals.
The EU says it will block most Russian oil imports by the end of 2022 to punish Russia. The deal blocks delivery of Russian oil by sea, but leaves open a pipeline to countries resisting action, including Hungary. Chris Weafer is chief executive of the business consultancy Macro Advisory in Moscow, and tells us what the likely impact will be in Russia. Also in the programme, Israel has signed a free trade agreement with the United Arab Emirates, which is its first major such deal with an Arab country. Dorian Barak is co-founder of the UAE-Israel Business Council, and gives us his reaction to the news. The BBC's Devina Gupta reports on power shortages in India, where a massive heatwave has led to a surge in demand for electricity. We have a special report from the BBC's Ed Butler on how criminals are exploiting the global online advertising market to rip off advertisers. Plus, in a bid to prevent the creeping anglicisation of the French language, officials and businesses in France are being told to stop using words in the gaming world, like eSports, that have been borrowed from English. We get the perspective of Andrew Gallix, a translator and author who teaches English at the Sorbonne in Paris.
Today's edition is presented by Mike Johnson, and produced by Sarah Hawkins, Gabriele Shaw and Elizabeth Hotson.
Chelsea Football Club is sold for more than $5 billion US dollars to an American investment consortium led by Todd Boehly. We ask what it means for the club and what the post-Roman Abramovich era might look like under the LA Dodgers and LA Lakers co-owner. Elsewhere, Shanghai is preparing to lift its strict Covid lockdown measures. And the Colombian presidential election goes to a surprise run-off. (Image: FBL-ENG-PR-CHELSEA-WATFORD. Credit: Getty Images)
Several European Union countries are holding out against a ban on importing Russian oil. EU leaders have been meeting in Brussels seeking a compromise, which may mean blocking imports by ship but continuing with pipeline imports. Dr Adi Imsirovic is an energy analyst who was once head of oil at Gazprom Marketing and Trading, which sold the state-owned Russian energy giant's products around the world. He tells us what he expects to see agreed in Brussels. And the BBC's Lesley Curwen examines the changing role of Gazprom in the global energy markets over the past 20 years. Also in the programme, authorities in Shanghai are to lift the city's two-month lockdown from Wednesday. Don Weinland covers Chinese business and finance for The Economist, and explains what everyday life is like in Shanghai right now. Plus, the fast fashion retailer Missguided is on the verge of collapse. Fashion business expert Maria Malone tells us what it says about the state of the global fast fashion industry.
Today's edition is presented by Mike Johnson, and produced by Sarah Hawkins and Gabriele Shaw.
Greece is accusing Iran of piracy after the seizure of two Greek-flagged ships in the Gulf. It follows the seizure of a Russian-flagged ship, carrying 700 thousand tonnes of oil, off the Greek coast. Richard Meade, editor of shipping journal Lloyds List, gives us all the latest news.
The World Economic Forum in Davos has drawn to a close, but some economists think more questions have been raised than answered - we learn more from Chris Low from FHN Financial.
Also, NPR's Kai Ryssdal talks all about corn prices; and Justin Timberlake has earned himself a cool $100 million as he becomes the latest to sell his entire back catalogue of recordings. Entertainment journalist KJ Matthews has the scoop.
The Italian energy giant ENI has signed a deal with Algeria's Sonatrach to buy more gas. The supplies, which will come under the Mediterranean Sea, will likely reduce Italy's reliance on Russian gas, amid the conflict in Ukraine. James Waddell is the head of European gas at the analysts Energy Aspects in London, and discusses the energy relationship between Africa and the EU. This week, Turkey's central bank held interest rates at 14%, despite inflation running at around 70%. But the country's financial regulator says banks' profitability continues to rise, and we find out more from Murat Gulkan, chairman and chief executive of OMG Capital Advisors in Istanbul. Passengers at Amsterdam's Schiphol airport are facing ongoing chaos with many flights cancelled amid a shortage of security staff, as passengers return to flying in the wake of the coronavirus pandemic. We get the background from Simon Calder, travel editor of The Independent. Plus, ahead of this weekend's Champions League football final between Liverpool and Real Madrid, we talk to John Burn-Murdoch of the Financial Times about how clubs' fortunes on the pitch are increasingly determined by the fortune they have in their bank accounts.
The US Secretary of State Antony Blinken has warned that China is the greatest challenge to the international order, even despite the immediate threat posed by Russia. Mr Blinken said the US was not seeking conflict or a new Cold War -- but that it would seek to defend the international order from China's attempts to change it. Elsewhere, Russia's central bank cuts interest rates - we ask what impact it could have on the cost of living. (Image: Secretary Blinken Outlines Policy Towards China At George Washington University. Credit: Getty Images)
The UK is to impose a 25% levy on energy company profits to fund payments to households. Deirdre Michie is chief executive of Offshore Energies UK, and gives us her reaction to the government's announcement. Also in the programme, Russia's Central Bank has unexpectedly cut interest rates by 3 percentage points to 11%, citing a strengthening rouble. Dr Adnan Vatansever is acting director of King's College London's Russia Institute, and talks us through the health of Russia's economy. The BBC's Archana Shukla reports from Sri Lanka on medicine shortages in the country, caused by a deepening economic crisis. Plus, as the value of wool falls, more and more farmers are turning to sheep that do not need to be sheared. Tim White is a British sheep farmer who owns a company which sells a breed that moults rather than needing shearing.
Following the fatal school shooting at an elementary school in Uvalde, Texas, the US Vice President Kamala Harris says it's time for America to stand up to the gun lobby. Her comments come after the attack which left 19 children and two teachers dead. She asks for the US to pass reasonable gun laws, but is America ready? Pfizer announces it will sell all of its patented drugs and vaccines at non-profit prices to the world's poorest countries. We also hear about the food crisis facing Somalia, which is facing its worst drought in four decades.
Drugs giant Pfizer will offer its products to low-income countries on a non-profit basis. The move is part of what the firm calls an Accord for a Healthier World, and we ask Tian Johnson, co-chair of the African Vaccine Delivery Alliance in Johannesburg, whether it marks a significant positive step for healthcare in Africa. Also in the programme, the UK government has given a green light to the sale of Chelsea football club to US billionaire Todd Boehly's Clearlake Capital group. The club's former owner, Russian oligarch Roman Abramovich was forced to sell in the wake of the invasion of Ukraine. University of Liverpool football finance expert Kieran Maguire tells us where the $5bn proceeds of the sale will be going. The BBC's Nikhil Inamdar reports on an extreme heatwave in India, which has forced some farmers to harvest their crops at night. Plus, there is growing concern about the sort of curated body image promoted by modern-day advertising. The BBC's Rabiya Limbada explores efforts to help girls build confidence in how they look and show them why what appears to be beautiful, isn't necessarily as straightforward as it may seem.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Elizabeth Hotson.
(Picture: Vials of Pfizer's Covid-19 vaccine. Picture credit: Getty Images.)
The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the United Kingdom. It will pay more than $1 billion to end a five-year investigation into corporate malpractice. It was accused of directing traders to fix the oil market as well as using bribes to secure business in half a dozen countries, mostly in Africa. We also hear about Sri Lankan Prime Minister Ranil Wickremesinghe's plans to deal with the country's economic crisis.
The EU Commission president Ursula von der Leyen warned of a possible global food crisis. One of the world's biggest fertiliser companies is Yara International of Norway, and we ask its chief executive Svein Tore Holsether for his take on the global food security situation. Also in the programme, the online marketplace for renting private homes, AirBnB, is pulling out of China, as a result of the country's tough and ongoing Covid restrictions. We find out more from the BBC's Nick Marsh in Singapore. Commuters around London have a completely new rail line spanning the British capital available for use from today. The project was several years behind schedule and around $5bn over budget, and the BBC's George Thomas has been for a ride. Plus, the BBC's Jo Critcher meets some of the female entrepreneurs in Africa, who are using financial technology to give more people access to money and services through apps, payment platforms and chat bots.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Sara Parry.
The President of Ukraine, Volodymyr Zelenskyy, has called for a global joint effort to repair the damage inflicted by Russian forces in Ukraine. He claims it exceeds $500 billion, but other analysts think it will top a trillion dollars. Then there's the matter of who should pay the bill. There's already significant interest from the country's allies, aid groups and the private sector, but many say Russia should stump up the cost.
War in Ukraine has prompted calls for a Marshall-style plan to help rebuild the country. The original plan helped countries with reconstruction after the devastation of World War Two. But with economic storms on the horizon for many developed nations, we ask Borge Brende, president of the World Economic Forum, who has proposed the idea, whether it is likely to succeed. And we get reaction to the proposal from Tymofiy Mylovanov, who is a former Ukrainian economy minister, and currently advises the Zelensky administration. Also in the programme, the bank HSBC has reportedly suspended Stuart Kirk, a leader in its responsible investing team, for accusing central bankers and others of exaggerating the financial risks of climate change. William Bryant of North Peak Advisory advises private equity and hedge funds on environmental, social and governance issues, and gives us his perspective. There are calls in Nepal for the government to lift a ban on women working as housemaids in Gulf countries. It was imposed in 2017, after complaints of sexual abuse and forced labour, but critics argue it has led to an increase of Nepalese women being trafficked through India to the Middle East, as the BBC's Anbarasan Ethirajan reports from Kathmandu. Plus, despite the animal's endangered status, with African elephant populations expanding in some countries, lobbying efforts are under way to restart the sale of elephant products, such as ivory, which was banned in 1989. Zimbabwe is leading the call, as the BBC's Shingai Nyoka explains from Harare.
Today's edition is presented by Will Bain and Mike Johnson, and produced by Ivana Davidovic and Sara Parry.
Millions of Australians will decide on Saturday whether or not to vote back in the Conservatives after nine years under the party's rule. Australian economist Tim Harcourt tells us more. Berlin has said it's moving as fast as possible to end its reliance on Russian energy, and it called off the opening of a new gas pipeline from Russia Nord Stream 2. We talk to Adi Imsirovic, former global head of oil at Gazprom Marketing and Trading. President Joe Biden began his five-day Asia trip with a visit to a Samsung semiconductor plant on Friday. Carolina Milanesi, president of analyst and market research firm Creative Strategies, joins us from Silicon Valley to discuss this. What do authorities do after seizing the superyatchs of Russian oligarchs? Stephen Beard of our US partners Marketplace explains the difficulties they are having. Former NASA astronaut Leroy Chiao shares his view on Boeing's third attempt to reach the International Space Centre with the Starliner space capsule.
The move to exclude ZTE and Huawei brings Canada in line with its intelligence partners in the US, UK, Australia and New Zealand. We ask Canadian technology journalist Takara Small why the country took a long time to impose the ban. Also in the programme, food delivery drivers in the United Arab Emirates have been on strike, concerned at the rising price of petrol. We find out more from the BBC's Sameer Hashmi. With Europe attempting to wean itself off Russian energy following the invasion of Ukraine, coal power stations have increased output in recent months. The BBC's George Thomas reports on how it will impact the continent's ambitious targets to end coal power generation by the middle of the decade. Plus, following the death of the Greek film composer Vangelis, who among other things created the famous theme tune for Chariots of Fire, we examine his legacy with the Athens-based journalist Nikki Kitsantonis.
Today's edition is presented by Mike Johnson, and produced by Sarah Hawkins, Faarea Masud, and Elizabeth Hotson.
The United States Secretary of State, Anthony Blinken, accuses Russia of using food as a weapon of war - holding "hostage" food supplies that are usually exported to millions of people. Daniil Melnychenko is a data analyst at Informall Business Group - based in Odessa - he tells us about the issue. Indonesia will resume palm oil exports next week - one of the world's most important commodities. Norman Harsono has been covering the story for the Jakarta Post - he tells us why the President has changed his mind. Australia’s recorded its lowest unemployment figure in almost fifty years - just 3.9% last month. Businesses say they're desperate for staff - and Liarne Peek, who owns the Matterhorn Restaurant in Sydney tells us about the problems she's facing.
Investors are worried about a possible recession after steep Wall Street falls on Wednesday. We have the latest on the financial markets from Michael Hewson of CMC Markets, and explore the prospects for the global economy with Simon Macadam at Capital Economics in London, and Allison Schrager, senior fellow and economist at the Manhattan Institute in New York. Also in the programme, the BBC's Phil Mercer reports from Australia on how the rising cost of living is a central theme in campaigning ahead of this weekend's general election. The BBC's Rahul Tandon examines changing attitudes to defence spending following Russia's invasion of Ukraine. Plus, we hear how Joe and Jess Thwaite, from Gloucester in England, found out that they had won $228m on the EuroMillions lottery.
Today's edition is presented by Mike Johnson, and produced by Sarah Hawkins and Sara Parry.
The World Bank has pledged 30 billion dollars to help tackle world hunger over the next 15 years. Professor of Economics at the University of Massachusetts Amherst, US, Jayati Ghosh, gives us her take on whether that amount is enough. Share prices in the United States have seen their biggest one day drop since 2020. The DOW Jones Industrial Average fell more than three and a half percent. Our Business Correspondent Samira Hussein tells us why. As things take another turn for the worse in Sri Lanka, the power minister Kanchana Wijesekera says people should stop queueing for fuel - as the country has no money to buy any. Shanta Devarajan who's part of the Sri Lankan team speaking to the IMF, tells us about the negotiations. Walter Koenig from the Bavaria Brewers Federation tells us about German worries that a shortage of beer bottles there could leave people without their favourite drink.
There's an increased focus on renewable energy sources such as solar and wind, and we get reaction from Giles Dickson, chief executive of the group Wind Europe. The BBC's Adrienne Murray reports on a scheme to boost North Sea wind energy production. And we hear from Anna Borg, chief executive of Swedish state owned energy company Vattenfall, which is already investing in North Sea wind projects. Also in the programme, a judge in California has thrown out legislation that required publicly listed companies to ensure a certain level of female representation on their boards. We find out more from Laura Whitcombe, global campaign manager of the 30% Club, which campaigns for more gender diversity in companies. Plus, the BBC's Mariko Oi meets some of the young people choosing to engage in high risk cryptocurrency markets.
Today's edition is presented by Sasha Twining, and produced by Faarea Masud, Sarah Hawkins and Elizabeth Hotson.
Elon Musk - the world's richest man - has been in talks to buy social media giant Twitter since April. But the deal is stalling because of his concerns over the platform's 'bots'. His friend Ross Gerber tells us why it's so important to Mr Musk - and Twitter users.
Latest figures show how Americans are spending more despite record inflation. Trading insider Joe Saluzzi analyses the numbers along with Chicago coffee businesswoman Amanda Harth, and Jill Renslow from Minnesota's Mall of America.
Also, Air Asia boss Tony Fernandes says tourism on the continent is ready to take off again; and the former Canadian finance minister, Joe Oliver, has an interesting tale to tell about Vladimir Putin.
The UK outlined a plan to change the Brexit deal agreed with the EU on Northern Ireland. Tony Connelly is Brussels correspondent for the Irish TV channel RTE, and explains how the EU is likely to respond to any unilateral measures that might be taken. Also in the programme, amid a worsening economic crisis, Sri Lanka has run out of fuel. We get a sense of what life is like for ordinary Sri Lankans from Saajid Nazmi, who is an e-commerce worker, whose boss has let him work from home because of the rising cost of commuting. Indonesian palm oil farmers have been protesting in Jakarta, after a government ban on the export of palm oil has led to a steep fall in the price of the commodity. We find out more from Djono Albar Burhan of the Indonesian Palm Oil Smallholder Association. Plus, the BBC's Samira Hussain reports on the ongoing power difficulties in Puerto Rico, caused by successive hurricanes five years ago, which heavily damaged the island's electricity grid.
Today's edition is presented by Ed Butler, and produced by Faarea Masud, Sarah Hawkins and Elizabeth Hotson.
Sri Lanka's new Prime Minister, Ranil Wickremesinghe, issues an urgent warning over the country's fuel crisis, saying $75 million is needed to pay for essential imports. Supplies of food and medicine are affected. We hear about the impact of the crisis on ordinary Sri Lankans and ask what next for the country.
Amid a wave of Covid lockdowns, there has been a sharp slowdown in the Chinese economy. We hear from one Shanghai resident about the ongoing impact of lockdowns in the city. And we explore the potential impact on the global economy with the independent economist George Magnus. Also in the programme, McDonald's is selling its business in Russia, in response to the country's invasion of Ukraine. Anne McElvoy, executive editor of The Economist talks us through the fast food giant's history in Russia. International wheat prices have reached fresh record highs as an export ban by India threatens to squeeze the world's wheat supply even further. We get a sense of how it could affect the world's largest wheat importer, Egypt, from Angy Ghannam, deputy editor of BBC Monitoring in Cairo. Plus, our regular workplace commentator, Pilita Clark, makes the case for staying quiet in work meetings.
Today's edition is presented by Ed Butler, and produced by Faarea Masud, Sara Parry, and Gabriele Shaw.
Members of the G7 richest nations have been meeting to discuss global food security. This comes in the wake of Russia's invasion of Ukraine, which has caused a spike in global food prices. We find out more from Monika Tothova, who is an economist with the UN's Food and Agriculture Organization. Also in the programme, North Korea has reported its first official deaths from Covid 19. As the country goes into lockdown, we get a sense of the likely economic impact from Sreyas Reddy, from the BBC Monitoring service. As Italy prepares to stage this year's Eurovision Song Contest on Saturday in Turin, Adrian Bradley reports on the potential economic benefit to a country from hosting the event. Plus, after 31 years in charge of World Business Report, Martin Webber is stepping down. He takes us through some of his audio highlights from the past three decades.
Today's edition is presented by Sasha Twining, and produced by Philippa Goodrich, Joshua Thorpe and Nisha Patel.
Cryptocurrency markets are being rocked after a popular token lost 99% of its value. We get the latest analysis from Anita Ramaswamy of the TechCrunch website. Oil giant Saudi Aramco has overtaken Apple to become the world's most valuable company. Indrajit Sen of the Middle East Economic Digest in Dubai discusses the significance of the shift. An investigation in the US has revealed that the state of Louisiana is suing some families for making unlawful repairs to their homes - with government grants given out following Hurricane Katrina. We speak to David Hammer of WWL-TV, the investigative reporter following the story.
Oil giant Saudi Aramco has overtaken Apple to become the world's most valuable company. Tom Wilson of the Financial Times discusses the significance of the shift, and we get wider context on the rising price of oil from Kristine Petrosyan of the International Energy Agency. Also in the programme, cryptocurrencies such as Bitcoin have seen dramatic falls in value since the start of this year. The BBC's Victoria Craig reports on the causes of the volatility, and a desire in the UK to impose stricter regulation on the sector. Many countries have criticised Russia in the wake of its invasion of Ukraine. The United Arab Emirates is not one of them though, and Dubai in the UAE is turning out to be a popular destination for Russians trying to flee the impact of sanctions, as the BBC's Sameer Hashmi explains. Plus, we have an extended report from the BBC's Russell Padmore exploring the problem of ships colliding with whales.
Inflation in the US was up 8.3% in April, down from a growth rate of 8.5% in March, hinting that the peak of inflation could be over. We get analysis from our business correspondent Michelle Fleury in New York. And Susan Schmidt of Aviva Investors in Chicago tells us how investors reacted to the inflation figures.
US Treasury Secretary tells Congress denying abortion access would have lasting effects.
Opening Parliament on the Queen's behalf, Prince Charles announced several economic plans. But like so many other countries, the UK faces a cost of living crisis, and none of the government bills introduced directly address the problems caused by high inflation. We get reaction to what was outlined from Miatta Fahnbulleh, who is chief executive of the New Economics Foundation, and hear about the challenges faced by the nation's poorest people from Charlotte White, manager of Earlsfield Food Bank. Also in the programme, a former employee of Facebook's parent company Meta has filed a lawsuit in Kenya alleging that poor working conditions for outsourced content moderators violate the country's constitution. Billy Perrigo from Time magazine has been investigating the issue, and fills us in on the details. The BBC's Nikhil Inamdar reports on the challenge of large scale tree planting projects in India, which aim to reduce carbon dioxide from the atmosphere, but may not be going according to plan. Plus, a portrait of Marilyn Monroe by Andy Warhol has sold in New York for $195m, making it the most valuable piece of 20th century art to date. Jessica Beck is a curator at the Andy Warhol museum in Pittsburgh, and tells us what makes the portrait so valuable.
Today's edition is presented by Joshua Thorpe, and produced by Ivana Davidovic and George Thomas.
Amid deepening economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa has resigned. Journalist Dimuthu Attanayake talks us through the country's economic woes. Also in the programme, voting has closed in the Philippines' presidential election. We hear about the business and economic issues that weighed on voters' minds, from Hannah Fernandez, correspondent for Eco Business in the country. Chinese authorities are restricting those aged under 18 from live-streaming themselves on the internet. The BBC's Kerry Allen explains the background. Plus, Goldfields, which is the world's sixth biggest gold producer, has said that from August it will start running one of its mines in South Africa, in part at least, on solar power. Lennon Sukhoo is the project manager looking after the solar installation, and tells us what impact the move is likely to have.
Today's edition is presented by David Harper, and produced by Ivana Davidovic, Marie Keyworth, and George Thomas.
The world's top economies unveil further sanctions on Russia and promise military aid - we speak to Dmitry Gorenberg at the CNA research institute in Arlington, Virginia. Plus we hear from Chris Weafer of Macro Advisory in Moscow about the impacts sanctions are already having on Russia, and from Karina Luchinkina, a Ukranian activist in London urging companies to stop doing business with Russia. In China social media platforms are being forced to publish users' IP addresses in a bid to stamp out fake news, the BBC's Kerry Allen tells us more. Independent economist Michael Hughes talks inflation and consumer prices, Canadian fisherman Grant Scott explains how the Pacific herring fishery is close to disaster, and Natalia Abrams of the Student Debt Crisis Centre in the US tells us how student debt is hindering the wider economy. We talk deadlines with Kevin Murphy at the University of Limerick and atomic clocks in space with Jean Yves Courtois of Orolia - a manufacturer of the incredibly accurate timekeeping devices.
The programme is presented by Russell Padmore and produced by Russell Newlove.
The BBC's Michelle Fleury joins us to explain the latest US unemployment figures. And the US Treasury Department is banning Blender - a type of currency mixer which scrambles cryptocurrencies from thousands of addresses, to make transactions even harder to trace. It was used in a huge multi-million dollar heist undertaken by hackers in North Korea; we hear more from Herb Scribner, a reporter at Axios
The BBC's Michelle Fleury joins us to explain the latest US unemployment figures. Also in the programme, 2000 trade unions in Sri Lanka have participated in a nation-wide strike, with employees calling in sick and out on the streets across the country. Our reporter Archana Shukla gives us the latest from Colombo. On Monday, voters in the Philippines will head to the polls to choose a successor to President Rodrigo Duterte, who can't run again due to term limits. The BBC's Karishma Vaswani in Manila explains what the key issues will be for voters. And Martyn Williams has a report about the English film enthusiasts who are working to bring back 35mm projectors.
Turkey's annual inflation is at a 20 year high. The BBC's Victoria Craig has been following this story closely and brings us details on how Turkey's unconventional monetary policy is impacting regular consumers. Today in Lithuania, gas has begun flowing through a new gas pipeline to Poland. Christof Ruhl from Columbia University's Center on Global Energy Policy explains its significance. A special report from Sam Fenwick examines how the war in Ukraine has impacted tourism all around the globe. Finally, since today is World Password Day, we have a look at best ways to keep your digital passwords safe.
The US central bank, the Federal Reserve, has raised interest rates by 0.5% in a bid to combat rising inflation, which is currently running at 8.5%. We get analysis from our north America business correspondent Michelle Fleury. And Susan Schmidt of Aviva Investors in Chicago tells us how investors reacted to the Fed's announcement. Diego Maradona's infamous 'Hand of God' football shirt sells for a record £7.1 million. We assess the legacy of the footballer - and that 1986 game - with Marcela Mora y Araujo, an Argentine sports journalist based in London.
The European Union has proposed a ban on imports of Russian oil and refined fuel products. Richard Bronze is head of geopolitics at the energy sector consultancy Energy Aspects, and talks us through the implications. And we get a sense of how this move could impact the Russian economy, from Elina Ribakova, deputy chief economist at the Institute of International Finance. Also in the programme, the US Federal Reserve is due to announce its latest interest rate decision shortly. We explore its options with the BBC's Michelle Fleury. Meanwhile the Reserve Bank of India announced a surprise 0.4 percentage point interest rate increase. The BBC's Nikhil Inamdar tells us what was behind the move. Plus, the BBC's David Reid reports on how fast and portable genome testing is unlocking the secrets to ourselves, and the environment we live in.
Oil giant BP booked bumper underlying profits despite a big loss on its exit from Russia. We explore whether oil firms are likely to face windfall taxes on their profits, after Italy increased such a tax, with Dr Sandy Hager, a political economist at City, University of London. Leaked documents in the US have suggested the Supreme Court could be heading towards revoking the historic Roe vs Wade judgement from the 1970s that legalised abortion in the country. Just prior to that news and the political outcry that's followed, Amazon has more quietly told staff it would contribute up to $4,000 in travel expenses for employees seeking to get abortions, as well as certain other treatments. The move will help workers in states like Texas where most abortions have now been illegalised. We hear from Anthony Johndrow, who advises businesses, including tech firms, on their social issue positioning. Plus the latest from Wall Street with Joe Saluzzi from Themis Trading.
Oil giant BP booked bumper underlying profits despite a big loss on its exit from Russia. Bill Farren-Price is an energy analyst at Enverus, and explains the figures. And we explore whether oil firms are likely to face windfall taxes on their profits, after Italy increased such a tax, with Chiara Albanese from Bloomberg in Rome. Also in the programme, the BBC's Mike Johnson examines why Turkey is seeking to rebrand itself with its Turkish name, Türkiye. Plus, as a law firm tells its employees they can work from home if they agree to a 20% pay cut, Emma Bartlett, employment law partner at CM Murray tells us whether it's an idea that is likely to catch on.
Today's edition is presented by Will Bain, and produced by Nisha Patel, Russell Newlove and Frey Lindsay.
Today, the EU is attempting to agree on a harmonised approach to the continuing issue of oil and gas imports from Russia. Member states' energy ministers are holding an emergency meeting. Suzanne Lynch, a reporter for Politico in Brussels, tells us what was on their agenda. The European Commission has accused Apple of abusing its market position for contactless smartphone payments.Apple denies the charge and has promised to engage with the Commission. We hear more about the the accusations from the BBC's Jonathan Josephs. In the last day we've learned that the streaming giant Netflix has cancelled development on Pearl - the animated series about a young girl inspired by influential women in history - that was being produced as part of a deal with the Duke and Duchess of Sussex. Julian Aquilina, a senior TV analyst at the media research firm, Enders Analysis, explains why the company is having to take a serious look at its budget for original content.
Today, the EU is attempting to agree on a harmonised approach to the continuing issue of oil and gas imports from Russia. Member states' energy ministers are holding an emergency meeting. Sam Fleming, the Financial Times' bureau chief in Brussels, tells us what was on their agenda. Meanwhile in Berlin, India's PM Narendra Modi has arrived for a meeting with the German Chancellor, Olaf Scholz. Yeshi Seli, a journalist in New Delhi, says it's happening at a time when India is under immense Western pressure to reduce its ties to Russia. Elsewhere, Kenya's president, Uhuru Kenyatta, has announced a hike to the country's minimum wage. Kenyan analyst Churchill Ogutu describes how the news has been received in the country. The BBC's Theo Leggett has a chat with Henrik Fisker, founder of battery powered vehicle company Fisker, about how he believes there's plenty of room in the electric car market for his firm to exist alongside Elon Musk's Tesla. In the last day we've learned that the streaming giant Netflix has cancelled development on Pearl - the animated series about a young girl inspired by influential women in history - that was being produced as part of a deal with the Duke and Duchess of Sussex. Julian Aquilina, a senior TV analyst at the media research firm, Enders Analysis, explains why the company is having to take a serious look at its budget for original content.
Germany says it's making progress in weaning itself off Russian energy sources in response to Moscow's invasion of Ukraine. The government says Europe’s most powerful economy has cut dependence on Russian oil and gas imports by about a third, while coal imports have been slashed by eighty per cent. We hear from Nathan Piper, Head of Oil & Gas Research at Investec. Russia could formally be declared to have defaulted on its debts next week, but will it have much impact on global markets? We hear from Maria Demertzis, deputy director and economist at Bruegel, a think tank in Brussels. Plus Greece has just lifted the Covid Pass requirement for bars, restaurants and shops. We hear from Helena Smith, a journalist in Athens, on how this will help the Greek tourism industry and economy.
This edition is presented by Joshua Thorpe and produced by Russell Padmore George Thomas.
Joe Saluzzi from Themis Trading in New Jersey analyses the latest news on the US economy. And in the first three months of 2022, Italy's economy contracted by 0.2%. Italian journalist Giada Zampano talks us through the latest data. US law enforcement officers have arrested Andrew Fahie, the premier of the British Virgin Islands, in Florida, on charges relating to drugs trafficking and money laundering. We find out more from Daniel Bruce, chief executive of Transparency International UK. Plus, the BBC's Rahul Tandon explores the removal of Disney's special status in Florida, following the company's criticism of the state's new law restricting discussion of LGBTQ issues in schools.
In the first three months of 2022, Italy's economy contracted by 0.2%. Italian journalist Giada Zampano talks us through the latest data. Also in the programme, Chinese technology stocks have surged, on speculation that a government crackdown on the tech sector may soon start to ease. Jonathan Cheng is China bureau chief at the Wall Street Journal, and explains the background. US law enforcement officers have arrested Andrew Fahie, the premier of the British Virgin Islands, in Florida, on charges relating to drugs trafficking and money laundering. We find out more from Daniel Bruce, chief executive of Transparency International UK. Plus, the BBC's Rahul Tandon explores the removal of Disney's special status in Florida, following the company's criticism of the state's new law restricting discussion of LGBTQ issues in schools.
Today's edition is presented by Faarea Masud, and produced by Joshua Thorpe, Ivana Davidovic and George Thomas.
Indonesia is the world's biggest producer of palm oil and it's a staple of cooking there but prices there have soared and that has led to street protests so the government has reacted by banning exports of palm oil so there's plenty for the domestic market. We hear from the BBC's Asia Editor, Rebecca Henscke. Also in the programme, a mass strike in Sri Lanka has forced the closure of many schools, shops and services; the BBC's Archana Shukla reports from Colombo.
Economic activity in the US contracted unexpectedly in the first three months of 2022. The Harvard economist Professor Ken Rogoff tells us whether it signals a possible recession. Also in the programme, a mass strike in Sri Lanka has forced the closure of many schools, shops and services. The BBC's Ranga Sirilal tells us why people in the country have withdrawn their labour. The United Nations Secretary General Antonio Guterres has been visiting Ukraine today. We catch up with Ukrainian businessman Oleg Chernyak, of CHI Software, to hear how he and his staff are doing, now that they have moved from Kharkiv in the east, to the relative safety of Lviv in the west. Plus, the BBC's Vivienne Nunis explores why sales of brooches have been soaring, and why they can be such a powerful accessory.
Today's edition is presented by Will Bain, and produced by Faarea Masud, Ivana Davidovic and George Thomas.
With global supply chains still reeling in the wake of Covid-19 and the Ukraine war, recent lockdowns in China have compounded the situation. Backlogs have become common place on the USA’s west coast, but how has trade there recovered? We get the latest from Josh Brazil of supply chain specialists project44. Plus, as Facebook parent company Meta reports better-than-expected profit figures and an increase in the number of users, we get the latest on the firm’s quarterly figures from our North America Business Correspondent Michelle Fleury in New York. After Chinese company DJI, the world's largest drone manufacturer, said it’s suspending sales to Russia and Ukraine, we discuss the reasons behind the decision with David Hambling, author of Swarm Troopers: How small drones will conquer the world. The BBC's Elizabeth Hotson asks whether the false banana, or enset, could help tackle the problem of food insecurity in developing countries. And we speak to Matteo Pietrobelli from Oceanix, a company working on a project to hopefully create what’s been called the world’s first floating city. Busan in South Korea has unveiled plans to extend out to sea, using floating, interconnected platforms, in a move that it’s hoped could help to mitigate both rising sea levels and human population numbers.
Chinese drone maker DJI halted sales to Russia and Ukraine to avoid their use in the war. Matt Williams is a former military pilot, and expert on drone operations, and discusses the thinking behind the move from the world's biggest drone firm. Also in the programme, the BBC's Samira Hussain reports from Dearborn, Michigan, on the prospects for the new electric Ford F-150 pickup truck. A Danish robotics company has teamed up with General Electric with the aim of producing towers for wind turbines using a 3D printer. We find out more from Henrik Lund-Nielsen, founder and general manager of Cobod International. Plus, the BBC's Elizabeth Hotson asks whether the false banana, or enset, could help tackle the problem of food insecurity in developing countries.
Today's edition is presented by Faarea Masud, and produced by George Thomas and Elizabeth Hotson.
Russian company Gazprom says it will halt gas supplies to Poland and Bulgaria from Wednesday morning. Poland currently depends on Russian imports for around half of its gas. The country’s deputy foreign minister Marcin Pzydacz tells us his government was already been prepared for this move. Plus, the World Bank’s latest commodities report makes sobering reading, suggesting that high food and fuel prices could blight the global economy for years to come. We hear from its author, World Bank Senior Economist Peter Nagle. We take a look at what's been happening in the US markets with Joe Saluzzi from Themis Trading, after a difficult day for tech stocks. With Elon Musk poised to take over at Twitter, the European Union’s Commissioner for the Internal Market Thierry Breton tells us that the firm will be welcome to operate in the EU under new management, providing it adheres to the bloc’s rules. As Delta Air Lines reveals that cabin crew will be paid for boarding as well as flight time in a landmark announcement, the president of the Association of Flight Attendant Sara Nelson says unionisation efforts by airline staff forced the company’s hand. And the BBC’s North America Business Correspondent Samira Hussain reports from Michigan on Ford’s iconic F-150 pickup getting a fully electric makeover.
As Twitter's board agrees a sale to Elon Musk, we ask how the social network might change. Bruce Daisley was vice-president of Twitter for Europe, the Middle East and Africa, and brings us his perspective on the proposed deal. Also in the programme, the bank HSBC has just unveiled earnings that did not meet investor expectations. Frances Coppola is an independent banking analyst, and tells us what is putting pressure on the firm's profits. The BBC's Ivana Davidovic investigates urban mining, which is the process of reclaiming raw materials from spent products, buildings and waste. Plus, the world's largest horticultural show, Floriade, is under way in the Netherlands. Frank Cornelissen is chief commercial officer for the event, and tells us more.
Twitter’s board has accepted Tesla CEO Elon Musk’s $44bn offer to buy the social media giant. Dan Primack, Business Editor at Axios, says that those on both the right and the left who have reacted strongly to the prospect of a Musk-led takeover may be getting ahead of themselves. Peter Jankowskis, Vice President of Research and Analytics at Arbor Financial Services, tells us how markets in the US have reacted to the potential buyout, as well as fears of further lockdown measures being implemented in China. We hear from residents of Beijing, who tell us they’re not overly concerned by the prospect of a strict lockdown being imposed, and describe the mood in the city. In Ukraine, much attention has focused on the city of Mariupol in recent days, where hundreds of people are sheltering from a Russian bombardment in bunkers underneath the Azovstal steelworks. We speak to Yuriy Ryzhenkov, CEO of the company which runs the steelworks, Metinvest. And a joint investigation by The Bureau of Investigative Journalism and the LA Times has revealed that consultants working for cigarette giant Reynolds American Tobacco bankrolled black activists, in an effort to lobby against the prohibition of menthol cigarettes, which are disproportionately popular among African Americans.
Chinese stock markets closed sharply down amid concerns Beijing may soon go into lockdown. With reports of panic buying at supermarkets in the city, we hear from student Keegan Elmer in Beijing, and get wider context from Jonathan Cheng, China bureau chief of the Wall Street Journal. Also in the programme, there are reports that Tesla entrepreneur Elon Musk may be close to securing a purchase of the social media site Twitter. The BBC's Samira Hussain brings us up to speed from New York. As Emmanuel Macron secures a second term as president of France, the BBC's Rob Young examines how he will approach tackling the country's economic challenges. Plus, our regular workplace commentator Peter Morgan reflects on the economic importance of optimism, following a visit to the far reaches of Nepal.
Today's edition is presented by Faarea Masud, and produced by Joshua Thorpe and George Thomas.
Centrist Emmanuel Macron has been re-elected as president of France, defeating far-right candidate Marine Le Pen in Sunday’s run-off. The BBC’s Rob Young has been following the vote from Nice, and tells us that Le Pen increased her vote share in a rematch of the second round of voting from 2017. Tomasz Michalski, a professor at the renowned business school HEC Paris says that spiralling inflation, which is outpacing salary increases, leaves the incumbent victor with a big challenge on his hands over the next five years. Carsten Brzeski, chief economist at ING in Frankfurt, tells us that Macron’s victory will generate relief in Brussels and in capitals across the European Union. Away from France’s election, we look at how countries who are taking in Ukrainian refugees may stand to benefit from an influx of highly-skilled, competent workers. More than five million people have fled the country in the wake of Russia’s invasion according to the United Nations, and Anna Shevchenko, the chief executive of 3CN gives us her take on how host countries will see a positive impact from the new arrivals. Despite international efforts to punish Russia economically for invading Ukraine, Russian crude oil exports have actually increased since the start of the war. Mark Williams, a research director with Wood Mackenzie, explains what’s going on. And Germany’s chancellor Olaf Scholz will fly to Tokyo to meet Japanese Prime Minister Fumio Kishida this week. High on Japan’s list of concerns is the increasing economic influence of China, particularly at a time when Beijing is growing closer to Moscow. Yuuchiro Nakajima, managing director of corporate advisory firm Crimson Phoenix, tells us what’s likely to be on the two leaders’ agenda.
Former Nissan boss Carlos Ghosn, who fled Japan whilst awaiting trial, says he’d be willing to go to court in Lebanon on financial wrongdoing charges. Speaking to the BBC’s international business correspondent Theo Leggett, Mr. Ghosn said he had not profited from financial impropriety. Plus, ahead of the second round of France’s presidential election on Sunday, the BBC’s Paris correspondent Hugh Schofield tells us how the two candidates wound up their campaigns, and what their economic priorities are. Chris Low from FHN Financial tells us how stock markets in the US have been affected by the Federal Reserve Chair Jerome Powell suggesting that half percentage-point interest rate increases could be on the horizon. We hear from a resident of Shanghai in China, who describes the impact of the city’s stringent Covid-19 lockdown. And Kristin Schwab of World Business Report partner programme Marketplace reports on how current high inflation rates are hitting women harder than men.
Shanghai residents infected with coronavirus will get door alarms to prevent them leaving. We get a sense of how that and other new restrictions are impacting daily life from one resident of the city, Anthony who owns a beauty clinic there. Also in the programme, market traders in Ghana are calling for authorities to implement policies to hold prices stable as inflation bites. We find out more from Dr Agyapomaa Gyeke-Dako, from the University of Ghana Business School in Accra. A year after we first spoke with them, the BBC's Victoria Craig revisits a number of companies that had adapted their business models to deal with the coronavirus pandemic, to find out whether the changes turned out to be permanent. Plus, ahead of World Record Store Day this weekend, which celebrates everything to do with independent music shops, we hear how the market for vinyl records is evolving, from Rupert Morrison, owner of Drift Records in Devon, in southwest England.
The Managing Director of the International Monetary Fund Kristalina Georgieva says Ukraine needs up to $7 billion per month in the near future, in the wake of Russia’s invasion. The BBC’s Economics Editor Faisal Islam has been speaking to her, and joins us on the line from Washington DC to talk through the big news lines emanating from the IMF/World Bank 2022 Spring Meetings. Plus, a harrowing day for American news giant CNN, which has axed its recently-launched online streaming service CNN+, less than a month after its launch. CNBC media & technology reporter Alex Sherman has been covering the story and tells us why the fledgling platform failed. Also in the programme, we explore the impact on renewable energy investment of the rising price of fossil fuels, with the environmentalist George Monbiot. The World Bank has warned of a potential global food crisis, as a result of Russia's invasion of Ukraine. We have a report from the BBC's Rahul Tandon about the private businesses that have stepped in to evacuate their own staff and others away from danger in Ukraine.
Emmanuel Macron and Marine Le Pen have held their only debate ahead of France's election. Voters head to the polls on Sunday to choose their next president, and we get analysis of the candidates' economic plans from Victor Mallet, Paris bureau chief of the Financial Times. Also in the programme, we explore the impact on renewable energy investment of the rising price of fossil fuels, with the environmentalist George Monbiot. The World Bank has warned of a potential global food crisis, as a result of Russia's invasion of Ukraine. We hear more from the World Bank's president, David Malpass. We have a report from the BBC's Rahul Tandon about the private businesses that have stepped in to evacuate their own staff and others away from danger in Ukraine. Plus, to counter a low birth rate, the government of Singapore is abolishing a law which currently prevents healthy single women aged between 21 and 35 from freezing their eggs. We find out more from one Singapore resident, who is just too old to take advantage of the new rules.
Today's edition is presented by Martin Webber, and produced by Benjie Guy, Ivana Davidovic and Frey Lindsay.
Germany says it is working hard to reduce its reliance on Russian energy. The BBC's Faisal Islam speaks to the German finance minister Christian Lindner. As Tesla releases its Q1 earnings, we get analysis from Dan Ives, senior equity analyst at Wedbush Securities, and ask whether the recent factory shutdowns in Shanghai have had an effect on the company's performance. And Susan Schmidt of Aviva Investors in Chicago brings us up to date on the day's movements on Wall Street.
The streaming giant Netflix lost 200,000 subscribers in its first such decline since 2011. We get reaction to the development, which saw the firm's share price decline substantially, from Georg Szalai, who is international business editor at The Hollywood Reporter. Also in the programme, YouTube has terminated the campaign channel of John Lee Ka-chiu, who is expected to become Hong Kong's next chief executive. Tom Grundy, editor in chief of the Hong Kong Free Press, explains how YouTube's parent company Google justified the move. Fake online reviews are to be outlawed under a package of measures proposed by the UK government in a bid to stop people being ripped off. Kate Nicholls is chief executive of UK Hospitality, which represents hotels and restaurants, and gives us the industry's reaction to the news. Plus, the BBC's Adrienne Murray reports from Denmark on how labour shortages following the pandemic have opened the door to greater automation of tasks through the use of robots.
Today's edition is presented by Ed Butler, and produced by Joshua Thorpe, Ivana Davidovic, Elizabeth Hotson and Tom Kavanagh.
The International Monetary Fund expects global economic growth to slow to 3.6% this year. The forecast shaves almost a percentage point of growth from its forecast from before the war in Ukraine, and we get analysis from the BBC's economics editor Faisal Islam. Also in the programme, as the streaming service Netflix announces its quarterly results, we ask entertainment journalist Caroline Frost what challenges the company is facing. And Joe Saluzzi of Themis Trading in New Jersey tells us how the day's trading was affected.
The International Monetary Fund expects global economic growth to slow to 3.6% this year. The forecast shaves almost a percentage point of growth from its forecast from before the war in Ukraine, and we get analysis from Harvard economist Ken Rogoff, who is also a former IMF chief economist. Also in the programme, the government in Argentina is planning to create an aid programme to help the country's poorest people, which will be funded by businesses that have profited from the Ukraine conflict. We get analysis of the move from Hector Torres, who is a former executive director for the IMF in Argentina. The BBC's Theo Leggett reports from France on the country's post-pandemic economic recovery, ahead of this weekend's second round of the presidential election. We look at why some people decide to anglicise their name in order to “fit in” at the workplace with the BBC's Noor Nanji. Plus, our regular workplace commentator Stephanie Hare considers how the Ukraine crisis affects the way businesses engage with the political sphere.
Today's edition is presented by Ed Butler, and produced by Joshua Thorpe and Ivana Davidovic.
We start the programme with news that workers at Apple's Grand Central Station store in New York have announced a plan to start a union. If the bid is successful, it would be the first union at one of the tech giant's US stores and follows moves by both Starbucks and Amazon employees to unionize. We spoke to Anna Kramer, a workplace, tech labour, and tech culture reporter at news site Protocol about where this could go.
We then move on to discuss what sort of impact did the China GDP figures have on the markets with Peter Jankovskis of Arbor Financial Services in Illinois.
Lastly, we look into NBA super-team the Golden State Warriors launching a new entertainment division. Jabari Young, a CNBC Sports reporter talks us through why they are doing this and what it means for the sport.
China has announced three deaths from coronavirus, the first in the country since 2020. And there's more bad news; the Financial Times newspaper is reporting that a record numbers of citizens have been enquiring about leaving China for good- the FT's China economics reporter, Sun Yu, gives us the details. And we hear more about China's economy from James Mayger, China Economy Editor for Bloomberg News in Beijing. Chris Low of FHN financial in New York tells us how the markets may react to reports that the IMF is planning to downgrade economic growth forecasts for several countries as a result of Russia’s invasion of Ukraine. Plus, covid-19 changed many aspects of the way we work, and the traditional face-to-face job interview is one of the pandemic's many casualties. The BBC's Elizabeth Hotson has been looking at how virtual reality and artificial intelligence are already changing the way companies hire people. And one of the UK's biggest video games festivals, Insomnia, finishes today; festival organiser, Craig Fletcher, brings us the highlights.
Ukraine is asking the G7 for $50 billion to plug a huge hole in its war torn economy. It comes as countries continue to enforce sanctions on Russia as the conflict in Ukraine continues, but several industries have so far avoided efforts to close them down. One of the world's biggest diamond trading centres in the Belgian city of Antwerp is still selling Russian diamonds, marketed by Alrosa, despite pressure to stop. Hans Merket, a researcher who studies links between natural resources and conflict for IPSIS, which is coincidentally based in Antwerp, explains how important Alrosa is to the global diamond trade.
The government in Kiev is preparing to ask the G7 group of the world's biggest industrialised economies for $50 billion to plug a big financial hole in the country's economy. It is also reported that Ukraine will issue a bond with a rate of zero percent, in other words investors will get no return for lending money. The economic commentator Michael Hughes believes Ukraine may be seeking funding to rebuild its economy earlier than it should.
We also get to grips with a warning that too many businesses are investing in new projects, at the expense of cyber security. The global software firm Cyber Ark has carried out research across the world asking almost 18 hundred IT decision makers, in several countries, what their firm is spending money on and it seems about eight in ten are prioritising funding for operations which are not related to beefing up cyber security. This is at a time when online attacks by hackers are on the rise. Udi Mokady, the founder and chief executive of Cyber Ark Software in Boston, says there is a growing threat from artificial intelligence or bots.
We also hear from Nigeria, where the crime of kidnapping is on the rise and becoming a lucrative business for bandits. It is reported ransom payments for the safe return of victims like students is worth as much as $20 million a year. Endurance Okafor, a journalist in Lagos tells us more about the factors that are behind the rise in abductions.
We also go west to California, an American state where drought is a major problem, which has raised questions about the water intensive activity of growing almond nuts. The farmers are under pressure over complaints about how much water they use to grow the crop and incidents of pesticides killing bees, damaging the honey sector. Christine Gamperley, an almond farmer in the central valley, east of San Francisco, tells us about the challenges facing growers.
Ukraine is asking the G7 for $50 billion to plug a huge hole in its war torn economy. It comes as countries continue to enforce sanctions on Russia as the conflict in Ukraine continues, but several industries have so far avoided efforts to close them down. One of the world's biggest diamond trading centres in the Belgian city of Antwerp is still selling Russian diamonds, marketed by Alrosa, despite pressure to stop. Hans Merket, a researcher who studies links between natural resources and conflict for IPSIS, which is coincidentally based in Antwerp, explains how important Alrosa is to the global diamond trade.
The government in Kiev is preparing to ask the G7 group of the world's biggest industrialised economies for $50 billion to plug a big financial hole in the country's economy. It is also reported that Ukraine will issue a bond with a rate of zero percent, in other words investors will get no return for lending money. The economic commentator Michael Hughes believes Ukraine may be seeking funding to rebuild its economy earlier than it should.
We also get to grips with a warning that too many businesses are investing in new projects, at the expense of cyber security. The global software firm Cyber Ark has carried out research across the world asking almost 18 hundred IT decision makers, in several countries, what their firm is spending money on and it seems about eight in ten are prioritising funding for operations which are not related to beefing up cyber security. This is at a time when online attacks by hackers are on the rise. Udi Mokady, the founder and chief executive of Cyber Ark Software in Boston, says there is a growing threat from artificial intelligence or bots.
We also hear from Nigeria, where the crime of kidnapping is on the rise and becoming a lucrative business for bandits. It is reported ransom payments for the safe return of victims like students is worth as much as $20 million a year. Endurance Okafor, a journalist in Lagos tells us more about the factors that are behind the rise in abductions.
We also go west to California, an American state where drought is a major problem, which has raised questions about the water intensive activity of growing almond nuts. The farmers are under pressure over complaints about how much water they use to grow the crop and incidents of pesticides killing bees, damaging the honey sector. Christine Gamperley, an almond farmer in the central valley, east of San Francisco, tells us about the challenges facing growers.
Presenter: Russell Padmore | Producer: Gabriele Shaw
Twitter’s board has adopted a ‘poison pill’ policy to help prevent a potential hostile takeover, a day after Elon Musk offered to buy the platform. The BBC’s North America tech reporter James Clayton tells us what the strategy is, and how it could prevent the Tesla CEO from acquiring a controlling stake in the social media giant. Plus, despite several international airlines having suspended flights to and from Russia following the invasion of Ukraine, Emirates president Tim Clark tells us why the Dubai-owned carrier has no plans to follow suit. We bring you a special report from the African island nation of Sao Tome and Principe. Once the world’s largest cocoa exporter but now unable to compete with countries on the mainland due to the islands’ relatively small surface area, Sao Tome’s coffee industry is now pursuing a higher-value product in order to remain a key market player. And we tell you about the innovative technique which is already helping thousands of cocoa farmers in Ghana boost their incomes by up to 30%.
São Tomé and Príncipe was once the world’s biggest exporter of cocoa but when the horrific working conditions were exposed in the 1920s, chocolate manufacturers switched their source of beans to Ghana and Ivory Coast. São Tomé has now repositioned itself as one of a producer of some of the world's best quality chocolate; the BBC's Tamasin Ford finds out more. We also hear how Swiss-Ghanain startup, KOA is buying cocoa pulp to turn into high value products as the BBC's Thomas Naadi in Ghana explains. And in Shanghai, China's commercial capital, lockdowns continue, threatening to have a real impact on the economy; Nicole lives in central Shanghai and works for a foreign company and she says the restrictions are hitting smaller businesses especially hard.
Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential". In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. We get the details from the BBC's Michelle Fleury in New York, and further analysis from tech journalist Chris Stokel-Walker. And Chris Low explains how Twitter's share price moved today in reaction to the news.
Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential". In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. We get the details from the BBC's Michelle Fleury in New York. Plus, in Sri Lanka, protests continue and the financial chaos deepens as two of the world's biggest credit ratings agencies said they expected the country to default on its foreign debts. To give us a sense of what every day life looks like right now, the BBC's Rahul Tandon has been speaking to people across Sri Lanka. And Nepal says it’s considering declaring a two-day weekend, instead of its Saturday only weekend, as part of its measures to reduce the consumption of petroleum products; The BBC’s Anbarasan Ethirajan reports from Kathmandu. And following a boom in pet ownership during the pandemic, services for those dogs and cats are springing up - we hear from Donna Conelly, owner of Angels pet care and Barking Mad Dog training in Newcastle.
We hear what's been happening on the financial markets from Susan Schmidt, Head of US Equities Portfolio Management at Aviva Investors
According to the World Bank, 42% of the world’s population is under 25 and in São Tomé that figure is above 50%. The hope is that these young people will be the future of the country - and its economy but many are leaving for opportunities elsewhere as the BBC's Russell Newlove finds out. Plus, last month the government, along with the United Nations Development Programme, opened the country’s first business incubator - we get the details from the BBC's Tamasin Ford. Plus we hear from some young entrepreneurs hoping to make their mark in the world of business.
Boris Johnson has been fined by the police for attending a birthday party thrown for him during a Covid lockdown. The prime minister confirmed he had paid the fixed penalty notice for going to the hour-long gathering in the Cabinet Room on 19 June 2020. Chancellor Rishi Sunak and the PM's wife were also fined for the same event, and confirmed they had paid. All three apologised for attending, but neither Mr Johnson or Mr Sunak offered to resign. Opposition parties are calling for the Commons, which is currently on Easter recess, to be recalled.
Plus, we get the latest from the US markets from Joe Saluzzi.
We take a look at São Tomé and Príncipe, a country on the sharp end of climate change - the BBC's Tamasin Ford, interviews its president, Carlos Vila Nova who wants the world to do more than just talk. We also hear how the island - the entirety of which is a massive volcano - is home to lush, tropical rainforest and some of the most important biodiversity in Africa; Príncipe is a UNESCO biosphere because of its unique environment. But despite being breathtakingly beautiful, it’s poor with the smallest economy on the continent and around 90% of its budget comes from foreign donors, topped up by tourism - we hear how the pandemic has affected this vital part of the economy. Perhaps the biggest threat to the nation though is rising sea levels; in São Tomé and Principé, 4% of the land mass has already been lost to the Atlantic Ocean with entire houses being washed away; Tamasin visits one in Principé. The country is already doing what it can - more than two thirds of the islands are protected national parks and by the end of this year the government hopes to have written into law the country’s first ever marine protected areas, but will it be enough?
First - we look at how Marine Le Pen and Emmanuel Macron will face-off in two weeks time. We spoke to Laurent Allias who runs Josiane, an advertising agency based in Paris. He told us about how he thought the result of the first round would affect him. Alexandre Mayol, Associate Professor in Economics at the University of Lorraine told us how the two candidates' policies differed.
Next - we spoke to Professor Robin Carhart-Harris. He's a psychologist, neuroscientist and former Head of the Centre for Psychedelic Research at Imperial College London. He told us what led him to researching the medical effects of magic mushrooms and how they can open up depressed people's brains to stop them getting stuck in a negative pattern of thinking.
Lastly - more falls on the equity markets in the US. The Nasdaq fell over 2%. The reason lies in the US treasury market, or the bond market. We asked Peter Jankowskis of Arbor Financial to explain how it influenced the stock markets.
Shehbaz Sharif was voted in as part of a united opposition that has come together against the incumbent Prime Minister, Imran Khan. Shehbaz is the brother of Nawaz Sharif, himself a former Pakistani Prime Minister who was barred from holding office after facing corruption charges. Zebunnisa Burki, Op-Ed Editor at 'The News' newspaper in Pakistan explains what led up to this weekend's vote: And with the far-right Marine Le Pen set to face Emmanuel Macron in the final battle for the French Presidency, we speak to Laurent Allias who runs Josiane, an advertising agency based in Paris and Alexandre Mayol, Associate Professor in Economics at the University of Lorraine. Plus as we hear from the BBC's Guy Hedgecoe, in Spain, people's finances were already stretched before the Ukraine invasion, now fuel and energy prices have become a national talking point. Plus, what to wear for the return to the office? We hear from Pilita Clark. (Picture description: a supporter of Pakistan Muslim League-Nholds a party flag with images of Shehbaz Sharif and Nawaz Sharif.
The first round of voting in the French Presidential elections has taken place. So far no results are confirmed, but exit polls strongly suggest that the far right candidate Marine Le Pen will face the incumbent, Emmanuel Macron, in the next round. Ms Le Pen has previously advocated France leaving the EU and ditching the Euro in favour of a return to the Franc. Her position on this has softened in recent years, but the possibility of a Le Pen win could still signal a big change of direction for French economic policy. Western tech companies don't always find operating in Russia easy. This has become even more true since the Ukrainian invasion, as a combination of sanctions against Moscow and restrictions by the Kremlin have limited who can trade there and what they can do. Even before the current conflict there were difficulties, though. Last year an app which helped people to vote tactically in Russian elections was removed from Apple and Google's platforms, after staff working in the country were threatened with criminal charges. Apple have just reinstated it, several months later. We've been finding out more. Repeated pleas from Ukraine for the supply of weapons from the west have brought new attention to the international arms trade. As governments balance the desire to assist Kyiv with the fears of being dragged into an escalating war, a leading expert explains how the inner workings of the industry operate. And in the week that a copyright case against the singer and songwriter Ed Sheeran rules in his favour, we examine the details of what makes a song unique and how artists might try to protect themselves from similar claims in the future. Presenter: David Harper | Producer: Gabriele Shaw
The first round of voting in the French Presidential elections has taken place. So far no results are confirmed, but exit polls strongly suggest that the far right candidate Marine Le Pen will face the incumbent, Emmanuel Macron, in the next round. Ms Le Pen has previously advocated France leaving the EU and ditching the Euro in favour of a return to the Franc. Her position on this has softened in recent years, but the possibility of a Le Pen win could still signal a big change of direction for French economic policy.
Western tech companies don't always find operating in Russia easy. This has become even more true since the Ukrainian invasion, as a combination of sanctions against Moscow and restrictions by the Kremlin have limited who can trade there and what they can do. Even before the current conflict there were difficulties, though. Last year an app which helped people to vote tactically in Russian elections was removed from Apple and Google's platforms, after staff working in the country were threatened with criminal charges. Apple have just reinstated it, several months later. We've been finding out more.
Repeated pleas from Ukraine for the supply of weapons from the west have brought new attention to the international arms trade. As governments balance the desire to assist Kyiv with the fears of being dragged into an escalating war, a leading expert explains how the inner workings of the industry operate.
And in the week that a copyright case against the singer and songwriter Ed Sheeran rules in his favour, we examine the details of what makes a song unique and how artists might try to protect themselves from similar claims in the future.
Presenter: David Harper | Producer: Gabriele Shaw
The former head of Goldman Sachs in Malaysia has been convicted for helping orchestrate one of the world's biggest corruption scandals. Roger Ng was found guilty on all charges, over the looting of billions of dollars from Malaysia’s 1MDB sovereign wealth fund. FT journalist Stefania Palma, who has been covering the trial, brings us the latest from New York. Plus, the latest on a political scandal that has been brewing in the UK, after it was revealed that the country’s Chancellor of the Exchequer – equivalent to the finance minister – held US residency whilst also serving in one of the top jobs in British politics. The news came after it had already been revealed that Rishi Sunak’s wife, Indian heiress Akshata Murty, has non-domiciled status, meaning she does not have to pay UK tax on income earned abroad. The BBC’s Business Editor Simon Jack breaks down the story for us. Chris Low, Chief Economist at FHN Financial, talks us through the week’s stock market activity in the United States. And does the accuracy of the US Census depend on the racial background of the respondent? Matt Levin from Marketplace has been investigating.
At one point incumbent president Emmanuel Macron seemed destined to win the first round of voting this Sunday. However polls suggest the race has tightened up significantly. Sophie Pedder, Paris bureau chief for the Economist newspaper, tells us about the economic concerns that voters have. Also in the programme, independent Russian media outlets have all but disintegrated since the invasion of Ukraine. We speak to Dmitri Yelovskiy, deputy editor of the now-closed independent Russian news TV channel TV Dozhd, who fled Russia for Lithuania on Monday. A special report from Ajit Niranjan in Germany investigates how the country is coping since the cancellation of the Nordstream 2 pipeline of gas from Russia. And finally, a SpaceX rocket with the world's first-ever all private astronaut team takes off from Florida today. British space journalist, Kate Arkless Gray, explains why this is so significant.
Russia's currency, the rouble, has recovered from the extreme lows seen in recent weeks and is now trading at levels that haven't been seen since before Russia invaded Ukraine in February. Elina Ribakova, Deputy Chief Economist at the Institute of International Finance, explains why. At the same time EU sanctions on Russian coal are looming, and we ask Monika Schnitzer of the German Council of Economic Experts how that might impact things. We also speak to Maksim Timchenko, chief executive of Ukraine's largest private power producer, DTEK, about the challenge of keeping supplies flowing during a war. Also in the programme, Theo Leggett heads to northeast France for a special report on high youth unemployment in the region. And finally, a shirt worn by the Argentinian football star Diego Maradona during a famous 1986 World Cup match is now up for auction. Sotheby's auction house hopes it will bring in a staggering $5 million. Argentinian sports writer Marcela Mora y Araujo tells us if she thinks the shirt will fetch such a sum.
The US has announced further sanctions on Russia. The UK and US assets of its largest bank, Sberbank, will be frozen, and new American and British investments in Russia will be banned. We get analysis from Dr Adi Imsirovic, the former global head of oil at Gazprom Marketing. China has extended its lockdown in Shanghai to become city-wide. There is growing anger over what’s considered to be a particularly harsh lockdown. Eric Feigl Ding, a leading US leading epidemiologist who was born in the city, tells us more. And Susan Schmidt of Aviva Investors in Chicago brings us up to date on the US markets.
China has extended its lockdown in Shanghai to become city-wide. There is growing anger over what’s considered to be a particularly harsh lockdown. Brenda Goh, a journalist for Reuters in the city, tells us more. Ahead of the first round of voting in French presidential elections this weekend, we hear a special report from the BBC's Theo Leggett in France's industrial heartland in the east of the country about the issues affecting them. Also in the programme, about a third of users of the MTN mobile network in Nigeria can no longer make calls. It's because they missed a deadline to link their SIM cards to their National Insurance Identification. Nigerian journalist Endurance Okafor explains that it's linked to a new government regulation which it claims will increase security. And finally, the BBC's Mark Savage tells us more about Ed Sheeran's win in court. The singer-songwriter has won a High Court battle in London over whether he copied another artist's song when he wrote his 2017, Shape of You
The European Union is proposing a new round of sanctions against Russia including a ban on coal imports and a ban on Russian ships entering European ports. German economist Jakob Schlandt tells us that Germany's heavy reliance on Russian energy remains a difficult issue for the EU. Japan has also stepped up sanctions against Russia; Noah Schneider, Tokyo bureau chief for The Economist gives us the details. Unrest is growing in Peru as both fuel and food prices are rising rapidly. The government has imposed a 22- hour curfew to contain protests; Marcelo Rochabrun is the Reuters correspondent in Lima and brings us the latest from the capital. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date with today's movements on Wall Street.
The European Union is proposing a new round of sanctions against Russia including a ban on coal imports and a ban on Russian ships entering European ports. German economist Jakob Schlandt tells presenter Faarea Masud that Germany's heavy reliance on Russian energy remains a difficult issue for the EU. Japan has also stepped up sanctions against Russia; Noah Schneider, Tokyo bureau chief for The Economist gives us the details. Also in the programme: a special report from the BBC's Vivienne Nunis looks at Australia's tourism industry, which is breathing a sigh of relief as the country's borders finally reopen and things start to get back to normal. Finally, Italy is trying to encourage so-called digital nomads - people whose can work from anywhere, provided they have a laptop and wifi - to settle in depopulated towns and villages. Mario Mirabile from South Working in Italy tells us how he's been helping his fellow remote workers adjust to the lifestyle.
The Intergovernmental Panel on Climate Change report calls for fundamental changes to our patterns of consumption of fossil fuels, and for a major expansion of renewable energy. We speak to Charlie Kronick, senior climate adviser at Greenpeace, and ask how economies are being affected by climate change, and are likely to be impacted in the future. And after Elon Musk buys a 9% stake in the social media platform Twitter, we ask James Clayton, BBC North America technology reporter, what it did to the company's share price.
Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. All 26 ministers have submitted letters of resignation - but not Prime Minister Mahinda Rajapaksa or his brother, President Gotabaya Rajapaksa. Protesters have been defying curfews to take to the streets in several cities. We hear from our South Asia Editor, Anbarasan Ethirajan. Hungary's nationalist Prime Minister Viktor Orban has declared victory in general elections after partial results gave his Fidesz party a big lead. Nick Thorpe tells us that if the results are confimed, Mr Orban will have several big economic decisions to make in the first few days of his new term. The Grammy Awards are taking place in Las Vegas, drawing together many of the world's biggest music stars. After the drama at The Oscars last week, there is renewed interest in award season as Rhian Daly from NME explains.
Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. All 26 ministers have submitted letters of resignation - but not Prime Minister Mahinda Rajapaksa or his brother, President Gotabaya Rajapaksa. Protesters have been defying curfews to take to the streets in several cities. We hear from our South Asia Editor, Anbarasan Ethirajan. Hungary's nationalist Prime Minister Viktor Orban has declared victory in general elections after partial results gave his Fidesz party a big lead. Nick Thorpe tells us that if the results are confimed, Mr Orban will have several big economic decisions to make in the first few days of his new term. The Grammy Awards are taking place in Las Vegas, drawing together many of the world's biggest music stars. After the drama at The Oscars last week, there is renewed interest in award season as Rhian Daly from NME explains.
US unemployment is at a two year low of 3.6% ; we get analysis from Chris Low of FHN Financial. Also in the programme, the conflict in Ukraine has highlighted Europe's dependence on Russian energy. And Russia has now threatened to cut off gas supplies to what it calls "unfriendly countries", unless they pay in Russian roubles. We get reaction to that threat from Anna Moskwa, Poland’s minister for climate and environment. This Sunday, Hungarians will choose a new government, and they face the choice of a further term for Viktor Orban and his controversial Fidesz party, or a single unified opposition candidate, Peter Marki-Zay. Marton Gergely is editor of the independent news outlet HVG, and tells us what role the war in neighbouring Ukraine is playing in the national debate. Plus, Over the last of couple years, more US federal money has flowed into Native American communities than possibly ever before; Savannah Maher from our US partner programme Marketplace has been taking a look at how that money is being put to use.
Russia's foreign minister has been holding meetings in Delhi with his Indian counterpart. It comes against the backdrop of Russia's invasion of Ukraine, and one of the items on the agenda in the wake of western sanctions was Russia and India using their own currencies for trade, rather than the US Dollar. Rajesh Joshi is a journalist and analyst based in northern India, and explains the trade relationship between the two countries. Also in the programme, the conflict in Ukraine has highlighted Europe's dependence on Russian energy. And Russia has now threatened to cut off gas supplies to what it calls "unfriendly countries", unless they pay in Russian roubles. We get reaction to that threat from Anna Moskwa, Poland’s minister for climate and environment. This Sunday, Hungarians will choose a new government, and they face the choice of a further term for Viktor Orban and his controversial Fidesz party, or a single unified opposition candidate, Peter Marki-Zay. Marton Gergely is editor of the independent news outlet HVG, and tells us what role the war in neighbouring Ukraine is playing in the national debate. Plus, airlines have been under considerable pressure since the start of the pandemic, and they now face significantly higher fuel costs following Russia's invasion of Ukraine. We get a sense of how African airlines are coping with it all from Abderahmane Berthe, who is secretary general of the African Airlines Association.
Today's edition is presented by Rob Young, and produced by Faarea Masud, Frey Lindsay and George Thomas
As many as 300 vessels are backed up in Shanghai, waiting to load up or discharge compared to this time last year. We hear about the knock on affects from Steve Lamar, President and CEO of the American Apparel & Footwear Association. Plus Cary Leahey, Adjunct Professor of Economics at Columbia University, brings us the latest news from the financial markets.
Amid a worsening humanitarian crisis, the UN is seeking $4.4bn in aid for Afghanistan. Dawood Azami is the editor of the BBC's Pashto Service, and tells us what life is like for Afghans at the moment. And Mark Malloch-Brown, president of the Open Society Foundations, and former deputy secretary general of the UN, discusses what role western sanctions are playing in the extreme hunger faced by many in Afghanistan. Also in the programme, with just a few days to go before the first round of France's presidential election, the BBC's Theo Leggett reports from the east of the country on how concerns about the rising cost of living are impacting the rival campaigns. Plus, with the current high cost of natural gas, there are renewed calls for countries to move away from the fossil fuel as a way of heating our homes. One alternative is the heat pump, and the BBC's climate editor Justin Rowlatt explains how they work. And we get wider context from Jan Rosenow, director of the non-profit energy think tank, the Regulatory Assistance Project.
Today's edition is presented by Rob Young, and produced by Faarea Masud, Sara Parry and George Thomas.
U.S. President Joe Biden could reportedly invoke a Cold War-era defense law to encourage domestic production of minerals. Josh Siegel of Politico explains why. Also in the show, amid concern about supply from Russia, Germany has invoked its emergency gas plan. Carsten Brzeski is global head of macro research at ING, and tells us what the move actually means. Sri Lanka has introduced enforced 10 hour power cuts. Dimuthu Attanayake is a journalist in the capital Colombo, and discusses the impact the power cuts are having. With high inflation causing problems for people all over the world, the BBC's Dan O'Brien reports from Wiltshire in southwest England, on the challenges farmers are facing with rapidly rising prices for energy and fertiliser. Plus, we have an extended report from Vivienne Nunes on a row brewing in Australia over a proposed new gas field in the Timor Sea.
(Picture: A gas compressor station in Germany. Picture credit: Getty Images.)
Amid concern about supply from Russia, Germany has invoked its emergency gas plan. Carsten Brzeski is global head of macro research at ING, and tells us what the move actually means. Also in the programme, as part of an ongoing economic crisis, Sri Lanka has introduced enforced 10 hour power cuts. Dimuthu Attanayake is a journalist in the capital Colombo, and discusses the impact the power cuts are having. The Ethiopian government has pledged to bring home around 100,000 citizens currently living in Saudi Arabia, following reports of undocumented migrants being subjected to inhumane treatment there. The first flight landed in Ethiopia on Wednesday, from where the BBC's Kalkidan Yibeltal brings us up to speed. With high inflation causing problems for people all over the world, the BBC's Dan O'Brien reports from Wiltshire in southwest England, on the challenges farmers are facing with rapidly rising prices for energy and fertiliser. Plus, we have an extended report from Vivienne Nunis on a row brewing in Australia over a proposed new gas field in the Timor Sea.
Today's edition is presented by Sasha Twining, and produced by George Thomas and Tom Kavanagh.
Talks in Geneva to reverse the loss of nature and halt extinctions are in their final day. We'll hear from Patrick Greenfield, biodiversity reporter for the Guardian, on the details of the negotiations, and Dr Noelle Kumpel, head of policy for Birdlife International, about her thoughts on the progress. Also in the programme, the war in Ukraine is halting moves aimed at limiting the use of palm oil, which is a cause of deforestation in Asia. The price of one alternative, sunflower oil, has increased massively since the conflict began, and supermarket chain Iceland has reversed its pledge to remove palm oil from its own-label food. We find out more from Glenn Hurowitz of the Washington DC campaign group, Mighty Earth. Plus, the BBC's Jo Critcher reports on how drones are now being used all over the world for humanitarian purposes.
Talks in Geneva to reverse the loss of nature and halt extinctions are in their final day. Marco Lambertini is director general of the wildlife and nature charity WWF International, and tells us what progress is being made towards the text of a UN framework aimed at protecting biodiversity. Also in the programme, the war in Ukraine is halting moves aimed at limiting the use of palm oil, which is a cause of deforestation in Asia. The price of one alternative, sunflower oil, has increased massively since the conflict began, and supermarket chain Iceland has reversed its pledge to remove palm oil from its own-label food. We find out more from Glenn Hurowitz of the Washington DC campaign group, Mighty Earth. The Democratic Republic of Congo is the latest country to join the East African Community, which is a common market of states in the region, including Kenya and Tanzania. Our African business correspondent Peter Mwangangi explains what membership of the EAC will mean for the Congolese people. Plus, the BBC's Jo Critcher reports on how drones are now being used all over the world for humanitarian purposes.
Today's edition is presented by Mike Johnson, and produced by George Thomas, Sarah Hawkins and Tom Kavanagh.
A two day general strike is under way in India today, as workers protest government economic policies. We hear how everyday life has been affected from Nikhil Inamdar, BBC India Business correspondent in Mumbai.
China's Shanghai financial hub will be locked down in two phases amid rising Covid cases. Jennifer Pak is China correspondent for our US partner programme Marketplace, and tells us what impact the lockdowns are likely to have on global supply chains. Also in the programme, a two day general strike is under way in India today, as workers protest government economic policies. We hear how everday life has been affected from Sushma Ramachandran, who is an independent business journalist based in Delhi. Workers at three different Amazon warehouses in the US are voting on whether to organise unions. The BBC's Michelle Fleury reports from one of the facilities, in Staten Island, New York, on whether this effort is likely to succeed. Plus, the BBC's Sam Fenwick reports on record prices for fertiliser as a result of Russia's invasion of Ukraine, and explores the potential impact it could have on global food supply.
Today's edition is presented by Mike Johnson, and produced by Benjie Guy and Sarah Hawkins.
Over a month into the Russian invasion of Ukraine, shelling continues in some of the country’s major cities. We’ll hear from Vira, who is staying put in Kyiv, at least for the time being. And the BBC’s Kateryna Khinkulova explains how the conflict is threatening both the lives and livelihoods of Ukrainians. In light of the invasion, many European countries are seeking to reduce their dependence on Russian energy. Kristine Berzina of the German Marshall Fund explains just how difficult that could actually prove. China has announced its biggest city-wide lockdown since the Covid outbreak began more than two years ago. The city of Shanghai will be locked down in two stages over nine days while authorities carry out Covid-19 testing. And entertainment reporter KJ Matthews breaks down the Oscar hopefuls at the 94th Academy Awards.
The US has announced it is to significantly boost liquefied natural gas supply to the EU. The move is a bid to help reduce European reliance on Russian energy in the wake of its invasion of Ukraine, and we explore to what extent the deal will achieve that aim with Dr Aura Sabadus of Independent Commodity Intelligence Services. Also in the programme, Poland has taken in more than two million Ukrainian refugees as a result of the recent conflict. We hear about the economic impact that is having in Poland from Guardian newspaper journalist Weronika Strzyżyńska. Plus, a landmark new law planned in the European Union aims to reduce the dominance of technology giants like Apple and Google. The BBC's technology correspondent Mark Cieslak tells us what is in the proposals.
The US has announced it is to significantly boost liquefied natural gas supply to the EU. The move is a bid to help reduce European reliance on Russian energy in the wake of its invasion of Ukraine, and we explore to what extent the deal will achieve that aim with Dr Aura Sabadus of Independent Commodity Intelligence Services. And the BBC's Adrienne Murray reports on a new pipeline that will carry natural gas from Norway to Poland. Also in the programme, Poland has taken in more than two million Ukrainian refugees as a result of the recent conflict. We hear about the economic impact that is having in Poland from Alicja Ptak, who is a Reuters correspondent based in Warsaw. Plus, a landmark new law planned in the European Union aims to reduce the dominance of technology giants like Apple and Google. The BBC's technology correspondent Mark Cieslak tells us what is in the proposals.
Today's edition is presented, for the last time, by Matthew Davies, and produced by Clare Williamson, Ivana Davidovic and Tom Kavanagh.
(Picture: Joe Biden and Ursula von der Leyen. Picture credit: Getty Images.)
At a Nato summit in Brussels, its members have discussed boosting defence spending. We get the very latest from the summit from BBC Brussels correspondent Jessica Parker. And New York's famous yellow taxi cabs are being added to the ride-hailing platform Uber. Chris Mills Rodrigo is a journalist at The Hill and discusses the move.
At a NATO summit in Brussels, its members have discussed boosting defence spending. Sash Tusa is an aerospace and defence specialist at Agency Partners, and tells us what the implications of such an increase would be. Also in the programme, the BBC's Jonathan Head reports from Thailand on the impact of Russia's invasion of Ukraine on tourists from the two countries who find themselves stranded there, either because sanctions mean there are no flights to return to Russia, or the war in Ukraine means a return to the country is currently out of the question. The insurance company Lloyds of London has announced its best results for six years, and the firm's chief executive, John Neal, explains what is behind its recent success. New York's famous yellow taxi cabs are being added to the ride-hailing platform Uber. Preetika Rana of the Wall Street Journal in New York discusses the move. Plus, our regular workplace commentator Sandip Roy explores the relationship between religion and the workplace.
Russian president, Vladimir Putin, says Moscow will begin insisting that payments for Russian gas - from unfriendly countries, as he put it - are made in roubles. He's given the Russian central bank a week to find a way of switching these payments away from other currencies. Jane Foley is head of FX strategy at Rabobank and explains what the impact will be. And Susan Schmidt of Aviva Investors in Chicago tells us how markets have been reacting to Putin's announcement.
In the UK, prices are rising faster than wages and the Bank of England says inflation could hit double digits this year. Chancellor Rishi Sunak, who runs the UK Treasury, announced measures today which he says will help ease the pain for consumers. We speak to Roger Bootle, the chairman of the macro-economic research company Capital Economics, to get his assessment of the Chancellor's response to the cost of living crisis. Meanwhile the Russian president, Vladimir Putin, says Moscow will begin insisting that payments for Russian gas - from unfriendly countries, as he put it - are made in roubles. He's given the Russian central bank a week to find a way of switching these payments away from other currencies. Russ Mould is Investment Director at AJ Bell tells us how it could work and what it could mean for prices. And finally a special report from the BBC's Ed Butler investigates the world of ethical investment, to see just how ethical they really are.
Tesla's first European production facility is officially open. Elon Musk was himself on hand for the opening ceremony - alongside the German Chancellor, Olaf Scholz - to see the first Model Y electric cars roll out of the so-called gigafactory. We hear from Joerg Steinbach, the Finance minister for the state of Brandenburg, where the plant has been built and we also get the views of Natalie Sauber, Director for Future Mobility at the global design and engineering firm Arcadis. Plus, Malaysia’s finance minister, Zafrul Aziz is currently in London, speaking to UK businesses about investment opportunities in his country - he tells us what he thinks those opportunities are.
Tesla's first European production facility is officially open. Elon Musk was at the opening ceremony - alongside the German Chancellor, Olaf Scholz - to see the first Model Y electric cars roll out of the so-called gigafactory. The Gruenheide plant outside Berlin has cost 5 billion euros - and it's had some bureaucratic hitches, as Joe Miller from the Financial Times explains. Spain's Prime Minister, Pedro Sanchez, has said that it's 'not logical' that Spain pays for all its electricity at a unit price dictated by the gas market when nearly half of its electricity actually comes from the renewable sector. To understand why that happens, we speak to Simone Tagliapietra, senior fellow at the European economic think-tank Breugel. And we hear a special report from the BBC's Tamasin Ford about a young Ukrainian woman from Kyiv. Alexandra explains how she had to say goodbye to her parents at the packed Polish border, and is now suffering from survivor's guilt, living in the safety of Berlin.
First in this edition of The World Business Report - we look into how Nazanin Zaghari-Ratcliffe's release from custody in Iran is linked to the payment of a debt owed by the UK from the 70's. Rowena Abdul-Razak, DPhil in Oriental Studies at the University of Oxford takes up the story.
Then we take a look at the tragic China Eastern Airlines Boeing 737-800 passenger plane crash in southern China. We asked our Business Correspondent Theo Leggat what was known about this crash.
Next, our regular US markets guest Peter Jankowskis of Arbor Financial talked us through what worried investors about Boeing's stock.
Lastly, we spoke to David Laborde, Senior Research Fellow at the International Food Policy Research Institute, and asked him first about what is happening in Egypt. He also gave us a deeper look into the importance of wheat.
Producer: Gabriele Shaw | Presenter: Jamie Robertson
As Russia's war in Ukraine enters its second month, some essential goods - like sugar, flour and rice - are becoming harder to find, and much more expensive. Some regions have imposed limits on how much of certain staples customers can buy. The Russia editor of BBC Monitoring, Vitaliy Shevchenko, tells us what is and isn't on the shelves. Chris Weafer from the Moscow-based consultancy Macro Advisory explains to what extent we can blame Western sanctions for the shortages. And in Egypt, food prices are also on everyone's mind. The government in Cairo has imposed a cap on the cost of bread in shops. Maghdi Abdelhadi, a writer and broadcaster in Cairo, explains the huge importance of bread in Egypt. And a special report from the BBC's Ivana Davidovic looks at the issue of racism in Brazilian business. Positive discrimination or affirmative action policies have been in place there for several years, but many black Brazilian professionals say they still struggle to feel accepted and get promoted.
First on the programme - we look at how as parts of the globe are abandoning restrictions, areas of China are back in lockdown in the face of rising case numbers. It's affecting the north-eastern region of Jilin, and also the southern city of Shenzhen, which is a key manufacturing centre. Andy Xie is in independent economist based in Shanghai. He explained what was happening.
Next - the relationship between the Russian and Chinese leaders is exceptionally close, but if China were to assist Russia more directly, what would the consequences be on the global stage? Edward White is China Correspondent for the Financial Times talks us through the current tensions between The West and China.
We then spoke to our regular analyst, Michael Hughes, and we addressed the widely circulating theory that - economically - we've returned to a previous age.
We then hear from Ann Soy of The BBC's Focus on Africa programme discussing food shortages in Africa as a consequence of the Ukraine crises with the United States Ambassador the UN, Linda Thomas Greenfield.
Lastly, for weeks now on World Business Report we've been looking at the Ukraine conflict, western sanctions on Russia and the effects on the economy there. There's a real danger of talking about high level political discussions and quoting a lot of big numbers, but losing track of how this actually affects ordinary people in the country. In this edition of The World Business report we spoke to two online bloggers, who make videos explaining Russian life to the rest of the world.
Producer: Gabriele Shaw | Presenter: David Harper
As Russia continues its offensive in Ukraine, the US warns China against actively supporting President Putin whilst Turkey, a NATO member, walks a tightrope because of its political and economic ties to Russia. We hear from Turkish lawyer Ali Guden and the BBC's world affairs editor John Simpson in Istanbul. Tamasin Ford reports on the fate of Ukrainian refugees and hears from one Moldovan business owner about how he's adapting to accommodate families and Phil Mercer brings us up to date about moves by Australia's competition watchdog to sue Facebook's owner, Meta, over fake ads for cryptocurrency schemes.
(Image: Moments after a rocket attack in Kharkiv; Credit: BBC)
The Ukrainian president spoke to the Bundestag, requesting further sanctions on Russia.
Ukraine's president suggests Germany is focused on economic interests ahead of ending war. Jakob Schlandt is an energy and climate journalist for the German daily Tagesspiegel and discusses President Zelensky's concerns. Also in the programme, we hear from the chief economist of the Organisation for Economic Co-operation and Development, Laurence Boone, about the likely global economic impact of Russia's war in Ukraine. The historic shipping firm P&O Ferries, which operates services from the UK to a number of destinations has fired 800 seafaring staff and intends to replace them with agency workers. We get the background from the BBC's Dharshini David. Plus, a BBC investigation has found that dozens of social media influencers have been promoting illegal self-tanning products described as "dangerous" by leading dermatologists. We find out more from reporter Ellie Layhe. Today's edition is presented by Mike Johnson, and produced by Clare Williamson, Philippa Goodrich and Matthew Davies. (Picture: President Zelensky addresses the Bundestag. Picture credit: Getty Images.)
The increase is the first in the US since December 2018, and is aimed at controlling the country's worryingly high inflation. We get reaction to the announcement from Greg McBride, analyst at the personal finance firm Bankrate. Britain's prime minister Boris Johnson is in the Gulf this week, asking the UAE and Saudi Arabia to pump more oil in a bid to keep prices lower. Matt Smith is from the data and analytics firm Kpler, and tells us what he thinks Mr Johnson is hoping to achieve through his visit. And as the US plans to make Daylight Savings Time permanent, we ask Professor Nicholas Sanders at Cornell University in upstate New York what the economic benefits could be.
The International Energy Agency cautions the Ukraine war is likely to disrupt oil supply. Britain's prime minister Boris Johnson is in the Gulf this week, asking the UAE and Saudi Arabia to pump more oil in a bid to keep prices lower. Matthew Martin is Bloomberg's bureau chief in Riyadh, and tells us how the request is likely to be received. Also in the programme, the US is looking to potentially tap into Venezuela's oil reserves to plug a global shortage, despite enmity between the two countries. Antero Alvarado is an energy consultant in Caracas, and tells us about the current state of his country's oil industry. And we hear from the president of Lithuania, Gitanas Nauseda, who says his country is ready to block imports of Russian gas, despite the potential problems such a move could involve. Plus, the BBC's Ed Butler asks what will happen next to Chelsea Football Club, after British government sanctions against its owner Roman Abramovich curtailed the club's income.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Russell Newlove.
Mayor Vitali Klitschko announced a 35-hour curfew to end on Thursday morning, the first curfew to be put in place in daytime. It comes after the leaders of Poland, the Czech Republic and Slovenia visited Kyiv. We get analysis of their visit from our Poland correspondent Adam Easton. Also in the programme, we speak to the president of Lithuania, Gitanas Nauseda, about the the latest round of European sanctions against Russia. The city of Lviv in the west of Ukraine has been seen as a place of sanctuary for many fleeing conflict elsewhere in the country. But the war has now arrived on Lviv's doorstep, and we get reaction from Liana Semchuk from the UK-based risk analysis firm Sibylline.
The European Union has brought in new sanctions on Russia over its invasion of Ukraine. The EU and UK have frozen the assets of more wealthy and powerful Russians, and will also ban exports of luxury goods to Russia. The BBC's Jessica Parker in Brussels talks us through the changes. And we get a response to the latest moves from Riho Terras, who is an Estonian Member of the European Parliament for the European People's Party, and former chief of defence in his country. Also in the programme, the city of Lviv in the west of Ukraine has been seen as a place of sanctuary for many fleeing conflict elsewhere in the country. But the war has now arrived on Lviv's doorstep, and we get reaction from Ivan Babichuk, chairman of industry group the Lviv IT Cluster. Plus, we hear from Alyona Popova about the impact of Russia's Instagram ban on on those using the social network to raise awareness of social causes in the country.
Chinese stocks plummet on Ukraine and Russia's war, and coronavirus, says US shares expert Peter Jankovskis in the US. Plus, we speak with Roman Waschuk, a businessman who fled Ukraine and is now residing in Poland, about how businesses are adapting to the invasion. Plus, the BBC's James Clayton updates us on the latest on the technology companies withdrawing operations from Russia.
Despite 80 million users in the country, Russia has blocked the social network Instagram. The move came after Instagram's parent company Meta said some users could call for violence against Russian soldiers. Joe Tidy is the BBC's cyber security reporter, and tells us why Instagram has been so popular in Russia. Also in the programme, Russia is supposed to make a regular interest payment on its government bonds later this week. But faced with Western sanctions, authorities have said they may pay in roubles rather than US dollars, which could mean a technical default for the country. Adam Samson is markets news editor at the Financial Times, and explains the implications. Plus, the BBC's Victoria Craig reports on the challenges faced by those seeking to send aid to a war zone, such as Ukraine.
Today's edition is presented by Rob Young, and produced by Will Bain, Ivana Davidovic and Elizabeth Hotson.
For two weeks, Western countries have been ramping up restrictions on trade with Russia. As these start to bite into Moscow's economy, the US National Security Adviser has issued a warning to China. Ahead of a meeting with Bejing's top Foreign Policy Official in Rome on Monday, Jake Sullivan said China would 'absolutely' face consequences if it helped Moscow to evade or backfill sanctions. We spoke to Dr Bhavna Dave is a Senior Lecturer in Central Asian Politics at the School of Oriental and African Studies and asked her about the relationship between Beijing and Moscow. Next, we discuss the enormous numbers of people who have been fleeing Ukraine, in an effort to escape the fighting with Konstantin Sonin - a Russian Economist, and a Professor at the University of Chicago. We then asked our regular analyst Michael Hughes if with the supplies of Russian oil and gas now set to run dry - would other countries step up to supply Europe? Then we go to the BBC's North America business correspondent Michelle Fleury. She spoke to The head of America's largest natural gas producer, EQT. He said he believes the US could replace Russian natural gas there. Next, Dr Selam Kidane is an Eritrean Psychology lecturer at the University of West London and a human rights activist. We asked her about Eritrea's relationship with the UN and Russia in light of the country refusing to sanction Russia. Lastly - In many markets, there is a campaign to stop Russian channels from broadcasting what's being called propaganda pertaining to the Ukraine crises. In Europe, RT has already disappeared from satellite services - and in Canada a group of Russian language journalists have signed a letter demanding that the government bans outlets controlled by the Kremlin from their airwaves. Alla Kadysh is a Russian radio and podcast host in Toronto, wrote the letter.
Producer: Gabriele Shaw | Presenter: David Harper
One of Ukraine's biggest food producers has warned of the impact of war on food supply. Dr John Rich is the chairman of MHP, and tells us further Russian advances in Ukraine could prevent farmers from sowing seeds for this year's crops. And we consider the importance of Russia and Ukraine's food production to the global food chain with Arnaud Petit, director of the International Grains Council. Also in the programme, the BBC's Ed Butler explores how much the Ukraine war is actually costing Russia in terms of munitions, equipment losses, sanctions and isolation. Plus, we get a Russian perspective on the events of the last two weeks from Andrei Kolesnikov, who is chair of the Russian Domestic Politics and Political Institutions Program at the Carnegie Moscow Center.
Today's edition is presented by Fergus Nicoll, and produced by Faarea Masud, Ivana Davidovic and Nisha Patel.
(Picture: Last year's harvest in Ukraine. Picture credit: Getty Images.)
The biggest US bank so far winds down operations in Russia after the invasion in Ukraine.
One of Ukraine's top pharmaceutical firms asks the global industry to help keep medicines flowing. Also in the programme, the BBC's Caroline Davies seeks Russian views on the changing high street in Moscow, as Western firms shut their shops in Russia. We get a sense of what impact Western sanctions are having on the country's economy from Liam Peach of Capital Economics. And we hear about new restrictions on exports that Russia's government has imposed. Meanwhile the British government has introduced new sanctions on seven wealthy Russians, including the owner of Chelsea Football Club, Roman Abramovich. Tariq Panja is global sports correspondent with the New York Times, and explains the implications for the club. Plus, recent floods in eastern Australia have caused devastating losses of life and livelihoods. The BBC's Vivienne Nunis asks what can be done to prevent future disasters causing so much damage to businesses and homes.
Today's edition is presented by Will Bain, and produced by Faarea Masud, Ivana Davidovic and Gabriele Shaw.
The European Parliament will vote on whether Russians should qualify for golden passports. These enable wealthy individuals to buy citizenship or residence in another country, and Slovakian Member of the European Parliament Vladimir Bilcik explains why he hopes to see a total ban on them for Russian citizens. Also in the programme, with Russia's invasion of Ukraine now in its fourteenth day, Maksym Nikanov, who runs a business providing professional training and employment for Ukrainian students abroad, and is currently sheltering 30km west of Kyiv, tells us what life has been like for the past fortnight. With the race on to track down and impound some of the world's biggest and most dazzling yachts owned by Russian oligarchs, in retaliation for the Kremlin's Ukraine invasion, the BBC's Ed Butler explores the legal and logistical challenges around such moves. Plus, as the second anniversary of the World Health Organisation declaring the coronavirus pandemic approaches, we hear about two recent studies that conclude a wet animal market in Wuhan was the source of the disease, rather than a possible leak from a lab. Dr Michael Worobey from the University of Arizona co-authored both studies, and we get reaction to the news from Peter Knights, founder and president of the San Francisco animal charity Wild Aid, which has campaigned for years against wild animal markets.
Today's edition is presented by Mike Johnson, and produced by Will Bain, Ivana Davidovic and Gabriele Shaw.
The European Union has outlined a plan aimed at reducing its dependence on Russian energy. The BBC's Theo Leggett brings us the details. And with Russian gas still flowing freely through pipelines across Ukraine, we explore whether that is likely to continue with Stewart Glickman, who is an energy analyst with CFRA Research in New York. Also in the programme, the London Metal Exchange has suspended trade in nickel, following massive surges in the metal's price over the last couple of days. Nikhil Shah is a nickel expert with business intelligence firm CRU, and tells us what's behind the move. Plus, on International Women's Day, we hear from Ukrainian public relations specialist Tetiana Gaiduk about how her life has been upended by Russia's invasion of her country. Plus, we speak to Viktoria from Odesa in Ukraine to ask if its business as usual for many small and medium companies.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel, Sara Parry and Faarea Masud.
First on the programme, Dr Carole Nakhle is the Chief Executive of Crystol Energy discussed with us how the price of the main oil benchmark - Brent crude - surged on Monday, hitting $139 a barrel at one point. It has since pulled back to about $123. It’s not just oil - European natural gas prices rose 60% today to a fresh record. Russia is a major exporter of energy – oil and gas revenues make up about half of the Kremlin's budget. European countries currently need to import it. The European Union imports about 40% of its natural gas from Russia and 25% of its oil.
Next, Velta's deputy chief executive is Olena Lesnyak tells us about the situation in Dnipro. In Ukraine, the eastern city of Dnipro has been shelled by Russian forces, but not on the same devastating scale as other towns and cities that have been heavily bombed. Despite the encroaching war, companies in Dnipro are trying to continue as best they can. Velta runs a titanium mine and processing complex in Ukraine and employs 650 people. Titanium is metal important for the aerospace, marine and car industries. Russia and Ukraine both produce the metal.
Russia's invasion of Ukraine, and the resulting sanctions on Moscow, is causing turmoil on financial markets. In the US, the technology-heavy Nasdaq index has now fallen 20 per cent from its peak, entering what's called a bear market. The Dow Jones Industrial Average is down 10 per cent from its high point. Peter Jankowskis from Oakbrook Investments in Chicago in the US tells us why.
Lastly, nations last week voted overwhelmingly in Favour of a United Nations General Assembly motion to demand an immediate end to the invasion of Ukraine. 35 countries abstained on the resolution. Uganda was one of them. We asked Dr. Chris Baryomunsi , Uganda's minister for information, why his country abstained.
Producers: Gabriele Shaw and Benjie Guy | Presenter: Benjie Guy
Amid the ongoing conflict in Ukraine, the price of oil crossed the $130 a barrel mark. Whilst prices subsequently fell back, traders are concerned about the possibility of a Western ban on the import of oil from Russia, and we explore the implications of such a move with Livia Gallarati from Energy Aspects in London. Also in the programme, over the weekend, card payment providers Mastercard, Visa and American Express said they were ending operations in Russia as a result of its invasion of Ukraine. We find out what impact it is likely to have, and whether there may be unintended consequences, from Paola Tamma, who is a reporter at Politico Europe. Ukraine and Russia are major suppliers of grains and the ingredients for fertiliser. The BBC's Tamasin Ford examines the possible consequences of the conflict in Ukraine when it comes to global food security. Plus, as many people book AirBnB's in Ukraine that they don't intend to stay in, as a means of supporting people in the country, there are signs of a similar trend for users of the crafting marketplace Etsy. We hear from someone named Halyna in Ukraine who has seen an unexpected surge in interest around the world in a digital download of artwork from her Etsy store, in the wake of recent events.
Today's edition is presented by Rob Young, and produced by Will Bain, Sara Parry and Nisha Patel.
(Picture: A tanker full of Russian oil. Picture credit: Getty Images.)
Companies continue to withdraw their services from Russia, as it continues its invasion of Ukraine. American Express, Netflix and Tik Tok have limited Russia’s access to their platforms – we speak with Ukrainian analyst Liana Semchuk from risk consultancy Sibylline about how she is advising companies operating in the region. As the repercussions of the crisis spreads globally, economist Michael Hughes tells us which economic regions and upcoming data will be most affected. And how does business continue amidst a conflict? Co-founder of Ukraine’s Monobank, Misha Rogalskiy, tells us how financial industries are staying afloat. Finally, using high-tech solutions to visualise the supply disruption from the conflict is US-based Interos – its CEO Jennifer Bisceglie speaks to us about what they’re seeing.
We hear the latest on the ground from the BBC's Lyse Doucet in Kyiv and Sarah Rainsford in Kharkiv. The UN refugee agency, the UNHCR, says that a million people have now fled Ukraine since the Russian invasion began - almost all of them women and children. More than half have travelled west into to Poland - where communities have been opening up their homes, hoping to provide sanctuary amidst the chaos. Olivia Lace-Evans reports from Warsaw. Businesses in America that have anything to do with Russia are facing something of a public backlash as the war intensifies. Kirstin Schwab of Marketplace on American Public Media reports from New York. Chris Low of FHN Financial explains how Wall Street has reacted as the Ukraine and Russia enter a second week of war.
Following overnight shelling Russia has seized Ukraine's largest nuclear power plant. Vitaly Shevchenko is Russia editor for BBC Monitoring, and explains the implications. We get reaction to the seizure from Ukraine's finance minister, Serhiy Marchenko, who also calls for tougher Western sanctions to be imposed on Russia for its invasion of Ukraine. Also in the programme, with many European countries still heavily dependant on Russian energy supplies, we find out what it would take for the continent to find alternative sources from Simone Tagliapietra, who is an energy expert at the Brussels research group Bruegel. We hear from a Russian businessman who has fled to Israel, amid widespread rumours that there may be a mandatory military call-up for men of eligible age. Plus, we explore Russia's crackdown on independent media freedom, where a new law has been passed making it a criminal offence to spread "false information" about the armed forces. Vera Krichevskaya was a co-founder of Dohzd, which until it was shut down earlier this week was the only independent news channel in Russia, and gives us her perspective on the latest developments.
Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Russell Newlove.
With Russia's Ukraine invasion in its second week, fighting continues across the country. The Ukranian MP Kira Rudik tells us about the extraordinary parliamentary gathering which took place in Kyiv.
In Russia, martial law and a possible mandatory call-up for men of eligible age has been circulating wildly on social media in and around Russia itself. And people are leaving the country because of it. We hear from a small business owner Dmitry, who's travelled to Israel, leaving his family behind, rather than face financial ruin and possible conscription back home.
Also in the programme, Yuriy Vitrenko, chief executive of Ukraine's biggest energy company, Naftogaz, makes the case for the rest of the world to stop buying Russian oil and gas.
Plus, David Malpass from the World Bank tells us about the planned $350 million support package for Ukraine.
And, during the past two years of the coronavirus pandemic, we've all experiences some aspects of the fragility exposed in a previously smooth global supply chain. Will the conflict in Ukraine add to that fragility? Craig Fuller the CEO of FreightWaves explains.
With Russia's Ukraine invasion in its second week, fighting continues across the country. Since the start of the conflict, we've been hearing from Olga Shapoval, who is executive director of the northeastern Ukraine city of Kharkiv's IT cluster. With the city facing intense Russian bombardment, she brings us up to speed on the latest. Also in the programme, the world's critical supply chains are once again under strain, as countries and companies close their doors to ships from Russia. Guy Platten is secretary general of the International Chamber of Shipping, and tells us what impact the crisis is having on the global movement of goods. Yuriy Vitrenko is chief executive of Ukraine's biggest energy company, Naftogaz, and makes the case for the rest of the world to stop buying Russian oil and gas. The war in Ukraine is being fought in the air, on land and at sea, but also in cyberspace, and the BBC's Ed Butler has been speaking to people on the virtual front lines. Plus, one striking aspect of Wednesday's UN draft resolution condemning Russia's invasion of Ukraine was the number of African countries that were reluctant to support the measure. Steven Gruzd is from the South African Institute of International Affairs in Johannesburg, and discusses Russia's influence in Africa, both military and economic.
Today's edition is presented by Mike Johnson, and produced by Benjie Guy, Russell Newlove and Gabriele Shaw.
The mayor of the strategically important Ukrainian port of Kherson says Russian forces are now in control - making it the first major city to be taken by the Russians. In a message posted on Facebook, Igor Kolykhaev wrote that Russian troops had forced their way into the city council building. He urged Russian soldiers not to shoot at civilians, saying there were no Ukrainian forces in the city. In the east, the mayor of the besieged city of Kharkiv has said Russian shelling is inflicting heavy casualties on the civilian population, but he said the city would not fall to Vladimir Putin's invasion force.
Also in the programme, as more and more firms announce that they will curb their engagement with Russia, following Western sanctions on the country, emerging market economist Liam Peach of Capital Economics tells us what the overall impact of the sanctions are likely to be on Russia.
With Vladimir Putin's government imposing ever stricter measures on media outlets, we find out how the war in Ukraine is reported in Russia.
And, we talk to Jason Hungerford, partner at London-based law firm Mayer Brown International, about the potential liability of crypto exchanges in the context of sanctions.
Plus, Russian oligarch Roman Abramovich has announced he will sell Chelsea Football Club, which he has owned for almost two decades. We discuss the implications of this with Trevor Watkins, the Head of Global Sports at the law firm Pinsent Masons and a former Chairman of the English club AFC Bournemouth.
Global energy prices have surged as Russia intensifies attacks on key Ukrainian cities. As the oil producers' cartel OPEC plus Russia stick with a planned 400,000 barrel per day increase in production from April, we explore the thinking behind the latest announcement with Carole Nakhle, chief executive of advisory and research firm Crystol Energy, which is based in London. Also in the programme, as more and more firms announce that they will curb their engagement with Russia, following Western sanctions on the country, emerging market economist Liam Peach of Capital Economics tells us what the overall impact of the sanctions are likely to be on Russia. With Vladimir Putin's government imposing ever stricter measures on media outlets within Russia, we find out how ordinary Russians are staying up to date with developments in the Ukraine conflict from Veronica Snoj, of BBC Monitoring in Moscow. Plus, the BBC's cyber reporter Joe Tidy fills us in on the role of cyber warfare, as the conflict unfolds.
Five people have died after Russia attacked a TV tower in Kyiv, hitting nearby broadcast facilities. It comes after Russia warned residents that it was preparing to hit targets in the Ukrainian capital. It said it was planning attacks on Kyiv technology centres, urging people to stay away. We hear from the journalist Igor Kossov there.
Russia has also continued its onslaught against the north-eastern Ukraine city of Kharkiv. Olga Shapoval is executive director of the city's IT cluster, and tells us what life is like for people there now.
Also in the programme, the European Bank for Reconstruction and Development plans to suspend the access of Russia and Belarus to its finance and expertise in response to Russia's armed invasion of Ukraine.
Plus, Ukraine is one of the world's top wheat exporters. We explore what impact Russia's invasion of the country could have on global food security with David Laborde, a senior research fellow at the International Food Policy Research Institute in Washington DC.
And, the role of China in the Ukraine crisis appears to be shifting. Before the Beijing Olympics Presidents Putin and Xi Jin Ping declared that that the friendship between Russia and China had “no limits”. However, China on Tuesday said it was extremely concerned about the harm to civilians inflicted by the invasion. We hear from Yun Sun from the Stimson Center in the US.
Russia has continued its onslaught against the northeastern Ukraine city of Kharkiv. Olga Shapoval is executive director of the city's IT cluster, and tells us what life is like for people there now. Also in the programme, as Western sanctions on Russia continue to bite, we hear how businesses in the country are responding from Chris Weafer, founder of Macro Advisory, who is based in Moscow. A number of Western companies are taking steps to divest or otherwise disengage from involvement with Russia, and the BBC's Rob Young has a roundup of who is doing what. Plus, Ukraine is one of the world's top wheat exporters. We explore what impact Russia's invasion of the country could have on global food security with Andrey Sizov of the grain research firm SovEcon in Moscow.
Today's edition is presented by Rahul Tandon, and produced by Nisha Patel, Russell Newlove and George Thomas.
Russia's central bank has been targeted with sanctions by the United States in an attempt to cripple the Russian economy following the invasion of Ukraine. The measures block Americans from engaging in any transactions involving Russia's central bank, finance ministry or national wealth fund. It comes on top of action by the US and EU to bar some of Russia's banks from the SWIFT international payments system. The ruble has plunged as a result to less than one ruble to one US cent. The stock market in Moscow failed to open on Monday. We asked Oleg Vyugin former First Deputy Chairman of the Central Bank of Russia if these sanctions would affect the financing of the war in Ukraine.
Next, in a strange twist the war in Ukraine may well give an extraordinary push to the adoption of carbon free renewable energy in Europe, as countries, in particular Germany accelerate their move away from Russian gas. Holger Schmieding, Chief Economist at Berenberg Bank, told us whether the change in Germany would filter through to other economies on the continent.
We then have a look at a volatile day with the American markets moving in an indecisive fashion and the NASDAQ ending the day up by half a percent, as was explained to me by Peter Jankowskis of Arbor Financial
The ostentation wealth of the Russian oligarchs has come in for intense scrutiny from regulators and financial watchdogs. From the massive yachts in the Bahamas to the stately homes and London mansions these people are obvious targets. We spoke to Oliver Bullough the author of Moneyland: Why Thieves and Crooks Now Rule the World and How to Take It Back about whether the latest sanctions would hit these targets.
Lastly we asked, Andreas Clenow if Switzerland have broken their pledge of neutrality in regards to it's announcements of joining the EU in it's sanctions. Andreas is a Swiss author, entrepreneur and asset manager, based in Zurich, where he is the Chief Investment Officer of a family office.
Russia's central bank hiked interest rates to 20% as the rouble's value plunged up to 30%. We bring you up to speed with all the latest sanctions that have been imposed on Russia as a result of its invasion of Ukraine, and we explore their potential long-term impact with Adnan Vatansever of King's College, London, who is an expert on the Russian economy. Also in the programme, we hear from Olga Shapoval, who is executive director of the city of Kharkiv's IT cluster, in northeastern Ukraine. And we get an update from Oleg Chernyak of the software development company CHI Software, who we've been speaking to since the crisis in Ukraine began, and is now in the Carpathian mountains in the west of the country. Plus, as Germany reviews its energy policy with a view to moving away from a heavy reliance on Russian gas, we find out more from Jakob Schlandt who is an energy expert at the German paper Tagesspiegel.
Today's edition is presented by Rahul Tandon, and produced by Benjie Guy, Ivana Davidovic and George Thomas.
We started off the programme by asking the independent banking analyst Frances Coppola how in practical the newly announced EU sanctions work. Then we moved on to the Russian economy and asked Kallum Pickering, a global economist for Berenberg bank here in London how it would be affected by these sanctions.
Next, our Markets Report guest Michael Hughes, an independent economist, told us that that the cost of agricultural goods was going to be something to watch when markets re-open in the coming hours.
We then have a look at the British multinational energy giant BP. It announced Sunday afternoon it was to quit its 20 per cent stake in the Russian state oil firm Rosneft, with its chief exec Bernard Looney quitting the Rosneft board too. Our correspondent Katie Prescott told us more.
Moving on from energy, we look at how during an emergency parliamentary session on Ukraine on Sunday, Chancellor Scholz announced an additional $113bn for the German army. He also announced pivots on energy policy, and laws about the export of German made arms - in what he called a turning point brought about by the war in Ukraine. Dr Liana Fix is a Resident Fellow at the German Marshall Fund in Washington DC and told us more about the move.
Our programme ends with our correspondent, Lucy Williamson on a report from Moldova looking at the influx of Ukrainian refugee's into the country.
Presenter: Will Bain Producer: Will Bain and Gabriele Shaw
(PHOTO CREDIT: GETTY)
Thousands of Ukrainian people, including young children, are walking for hours to reach the border of neighbouring Poland, as Russia continues its invasion of Ukraine. The BBC's Adam Easton is in Poland and tells us how the refugees are being received. Germany worries about its future energy supply as most comes from Russia, making it tough to punish Putin for fear of energy related retaliation, says editor in chief of German newspaper Tagesspiegel, Jakob Schlandt. And the effect of the invasion on oil and gas prices on the global stock markets has been surprising, says Chris Low from FHN Financial in New York.
As Ukraine braces itself as Russian forces reach its capital, we consider the global economic effects. Kyiv is seeing exchanges of fire in the north, as Russian troops advance. We hear from a woman seeking a safe haven with her family, as well as Ukrainian businessman Oleg Chernyak of CHI Software, who has recently left his home in Kharkiv, close to the Russian border. Ukraine’s President Zelensky has called on the European Union to impose harsher sanctions on Russia. However, there has been a perceived reluctance from some European countries including Germany. One key issue is whether to disrupt Russia’s access to the SWIFT global banking network. Investment analyst Justin Urquhat Stewart explains what the SWIFT system is and how it works. Meanwhile, Dieter Janecek, a Green party MP in the German coalition government, discusses whether the country can wean itself off its reliance on Russian gas, and the implications of imposing sanctions. China’s economic and political relationship with Russia is playing into the calculations, and author and Russia expert Peter Conradi explains how. Plus, we hear from the BBC’s Will Bain, on the news that Russia has been stripped of the Champions League final by the European football governing body UEFA.
The world woke up on Thursday to a new war in eastern Europe. And even as fierce fighting continues in several parts of Ukraine - with the Russians advancing on multiple fronts - international condemnation has grown steadily louder.
We spoke with Sergei Goryashko - a senior reporter for BBC Russian in Moscow, Representative Brian Fitzpatrick of Pennsylvania and Dr Olga Kolokolova - a senior lecturer in finance at Manchester University on this matter.
Next, we look at how the US markets ended the day's trading in positive territory. Cary Leahey - Adjunct Professor of Economics at Columbia University explained how the markets fared and why.
Lastly, we look at how thirty years ago, Ukraine was one of the 15 constituent parts of the Union of Soviet Socialist Republics. When the Soviet Union broke up in 1991, internal boundaries became international borders. That's the point at which The BBC's Matt Davies took up the story with Peter Conradi - Europe Editor of The Sunday Times and author of the book Who Lost Russia? How the World Entered a New Cold War.
Russia’s invasion of Ukraine is posing a number of serious questions for the global economy. Business people in the country share their perspectives on how the unfolding events will affect them. Oleg Chernyak, who runs a software development company in Kharkiv 40 kilometres from the Russian border, gives us his reaction. We also hear from Jock Mendoza-Wilson, deputy chair of the UK Ukrainian Chamber of Commerce, tells us how businesses are coping as he heads for the border. Meanwhile, Jake Cordell from the Moscow Times gives us reaction from Moscow on the decline of the rouble and the Russian stock exchange, which is down by more than 30%. With the price of a barrel of oil surpassing $100, there are fears that the crisis in Ukraine will drive oil and gas prices up even further. Aura Sabadus, an energy expert from Kings College in London, discusses the implications of this, while John McCarthy from The Drum tells us that UEFA is coming under pressure to move May’s Champions League final from St Petersburg.
Amid the threat of a Russian invasion, Ukraine's economy faces a number of challenges. Jock Mendoza-Wilson is deputy chair of the British Ukrainian Chamber of Commerce, and discusses the current mood among businesses in the country. Meanwhile, the West continues to ratchet up sanctions on Russia.
Next, US sanctions announced on Tuesday were intended to hurt Russia's ability to finance its military efforts. What did the markets make of that? We asked Susan Schmidt of Aviva Investors in Chicago.
Lastly, the latest cyber attacks on Ukraine are another reminder of the malign potential of digital technology in the wrong hands - though saying that invites a lot of questions about what is "right" or "wrong" in the context of the technology that now pervades every aspect of our lives. Can we take its fundamental neutrality for granted? We put some questions the author Stephanie Hare has been exploring in her new book, Technology is Not Neutral: A Short Guide to Technology Ethics.
Amid the threat of a Russian invasion, Ukraine's economy faces a number of challenges. Jock Mendoza-Wilson is deputy chair of the British Ukrainian Chamber of Commerce, and discusses the current mood among businesses in the country. Meanwhile, the West continues to ratchet up sanctions on Russia. The financier Bill Browder, who did business in Russia for many years, but has become an anti-corruption campaigner after his lawyer Sergei Magnitsky died in a Russian jail after being beaten and tortured, offers his assessment of whether the sanctions go far enough to have much impact on the situation. Also in the programme, the International Energy Agency warns that worldwide emissions of the global warming gas methane may be around 70% higher than countries actually report. We find out about the economic arguments in favour of plugging methane leaks from Christophe McGlade of the IEA's Energy Supply Unit. Plus, South Africa's finance minister Enoch Godongwana has just made his maiden Budget speech, including a tax cut for companies and a policy of wage restraint for civil servants. Siobhan Redford is an economist at RMB bank, and fills us in on the details.
Western countries have placed further sanctions on Russia, after President Putin ordered troops into two breakaway regions of eastern Ukraine, after recognising their independence from Kyiv. The retaliatory moves include the UK blocking several Russian banks, and Germany suspending approval of the Nord Stream 2 gas pipeline. We hear what some of the key diplomatic players involved have been saying, and speak to Yaroslav Trofimov, Chief Foreign Affairs Correspondent at The Wall Street Journal down the line from the Ukrainian capital. Plus, where can European countries source natural gas if getting it from Russia is no longer an option? We hear from Bloomberg correspondent Simone Foxman, who has been at a meeting of the world's leading gas exporters in Qatar's capital Doha. Joe Saluzzi from Themis Trading in New Jersey tells us how the markets have reacted to rising tensions over Ukraine, while Shaistah Akhtar from British law firm Mishcon de Reya tells us how sanctions such as those imposed by the UK government on Tuesday will be felt in Russia. And after India stops short of criticising Moscow over Monday's escalation, we speak to SOAS international relations professor Avinash Paliwal about the commercial and military considerations that New Delhi is weighing as it formulates its response to the crisis.
The West is putting sanctions on Russia after President Putin ordered troops into Ukraine. The moves include the UK blocking several Russian banks, and Germany suspending approval of the Nord Stream 2 gas pipeline. We hear about the legal and trade implications from lawyer Shaistah Akhtar of Mishcon de Reya. Also in the programme, we find out why the price of used cars and trucks in the US has risen more than 40% over the past year. As coffee giant Starbucks reduces its relationship with the certification organisation Fairtrade, we get reaction from Anna Barker, head of responsible business at the Fairtrade Foundation. Plus, the boss of one of Britain's biggest supermarket chains is to take a four month sabbatical to help her children through some school exams. Our regular workplace commentator Peter Morgan considers whether career breaks and sabbaticals are a trend that are likely to catch on.
Vladimir Putin has recognised the independence of Donetsk and Luhansk, two breakaway regions in eastern Ukraine. In a televised address, the Russian president said Donetsk and Luhansk were ancient Russian territories, and described Ukraine’s government as a puppet regime controlled by foreign powers. We hear the thoughts of Washington Post correspondent Mary Ilyushina in the Russian city of Rostov-on-Don, and Chris Weafer from analytics firm Macro-Advisory Ltd gives us his take on the potential economic fallout if tensions in the region increase further. Plus, UK prime minister Boris Johnson says England's remaining Covid laws will be abandoned, telling parliament it’s time to rely on vaccinations and treatments, rather than government intervention. We speak to Kate Nicholls of UKHospitality, on how a sector which has suffered during almost two years of restrictions is hoping for a rebound.
Amid falling case rates, England is expected to remove nearly all Covid restrictions. We get reaction to the move from Professor Devi Sridhar, who is the University of Edinburgh's Chair in Global Public Health. Also in the programme, authorities in Tanzania are taking steps to regulate informal street traders, by creating permanent markets and requiring hawkers to move into them. We find out more from journalist Priya Sippy, who is in the country's commercial capital, Dar es Salaam. Plus, the mayor of Sacramento, California, wants to pass a law which gives everyone the legal right to housing. The BBC's Sarah Hawkins reports on how such an idea might work in practice.
Australia has reopened its borders to foreign tourists for the first time in almost two years, with the country’s beleaguered travel sector hoping for a revival. Margy Osmond from Australia’s Tourism & Transport Forum says there’s excitement as the first travellers arrive in the country, while Shane Lowry from the Langham hotel in Sydney says job cuts during the pandemic have left some businesses with staff shortages. Journalists investigating banking giant Credit Suisse have found that its accounts held assets worth billions of dollars apparently on behalf of clients with links to crime – accusations the bank has rejected. The BBC’s Ben King tells us more about the story. Plus, as South Africa’s government announces that it will treat internet access as a basic utility and provide households with a free monthly data allowance, William Bird from the NGO Media Monitoring Africa tells us it’s a step in the right direction. And as Ethiopia inaugurates the Grand Renaissance Dam – despite protestations from neighbours Egypt and Sudan, we hear the thoughts of former US ambassador to Addis Ababa, Tibor Nagy, who hopes an accommodation can be reached between the quarrelling parties.
To get the latest on the Canada truck protest situation, we hear from Kristy Kirkup in Ottawa - she's the national reporter for the Globe and Mail newspaper; and we also hear from Professor Arthur Wheaton the director of labor studies at Cornell's School of Industrial and Labor relations. Plus Marketplace's Kai Ryssdal talks to Elizabeth Spaulding, the CEO of Stitch Fix.
The World Health Organization has announced that six African countries will be given the revolutionary mRNA technology to set up their own vaccine production centres - helping the continent acquire self-reliance against the Covid pandemic. But there are still a lot of questions to answer; we hear from Anna Marriott, Health Policy Manager at Oxfam, part of the People's Vaccine Alliance. EU and African heads of state have been meeting in Brussels and when it comes to trade, there is a lot of anger about what African leaders describe as a one-sided economic relationship. So what were the highlights of this week's meeting? Barbara Moens is Senior Trade Correspondent for Politico in Brussels. And Indian Prime Minister, Narendra Modi, hosted a virtual summit with the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed al-Nahyan, to sign strategic economic and trade agreements aimed at boosting trade between India and the UAE. We hear from the BBC's Archana Shukla in Mumbai. Plus, Rwanda's Ambassador to China, James Kimonyo has occasionally turned salesman to deliver Rwandan coffee and chilli products to Chinese customers. He's been speaking to Stanley Kwenda of the Focus on Africa programme. And now that most of the world is flying again, will the aviation industry be able to meet global emission targets? We hear from Asia Business Reporter, Nick Marsh. (Picture of a Covid 19 vaccine via Getty Images)
Tesla boss Elon Musk has accused US regulators of targeting him for "unrelenting investigation" because of his criticism of the government in a court filing. The billionaire says the Securities and Exchange Commission has engaged in "outsized efforts" to monitor the firm that "seem calculated to chill his exercise" of free speech. We hear from our North America Correspondent Michelle Fleury on the matter.
The Indonesian President Joko Widodo called global unity to revive the global economy hit hard by the Covid pandemic. He was speaking at the start of the G20 meeting of finance ministers in Bali. One of the challenges those ministers will have to deal with is the amount of debt facing the world's poorest countries. According to figures from the International Monetary Fund almost 60 percent of low income countries - most of them in Africa - are at risk of struggling to pay back their debts. We asked Marcello Estevao from the World Bank what could be done.
Wealthy individuals who invest at least £2m in the UK are offered residency through the golden visa scheme. But that's set to end as the UK government aims to deter Vladimir Putin's allies from benefitting from the UK economy. We get more details from Jack Freeland, an immigration solicitor with the law firm Shepherd and Wedderburn and Ben Cowdock, Investigations Lead at Transparency International UK. And the American Chamber of Commerce in Hong Kong reported last year that 44% of their members were contemplating pulling out - we hear why from Tara Joseph, President of AmCham. Plus, two years on from the start of the pandemic, most visitors are still banned from Japan, but how is it affecting the people there and the national economy? The BBC's Tamasin Ford reports.
Two of the world's biggest lager makers, Carlsberg and Heineken, have warned that inflation in the manufacturing process is driving up brewers' costs and will make a pint more expensive. And there's also supply chain issues and staff shortages. So how worried should beer drinkers be? We hear from Bart Watson Chief Economist for the Brewers Association. Susan Schmidt from Aviva Investors brings us the latest from Wall Street. Plus,Twitter has announced what it is doing to try and tackle the problem of trolling and hate. It will expand the 'Safety Mode Feature' which allows users to temporarily block accounts which send harmful or abusive tweets. We speak to Imran Ahmed, CEO of the Centre for Countering Digital Hate.
The European Union's highest court has ruled that the EU can reduce funding for member states found to have flouted democratic values. Judges at the European Court of Justice dismissed a challenge by Poland and Hungary, which argued that what's known as the conditionality mechanism has no legal basis.
We hear from German Green MEP Daniel Freund. Two of the world's biggest lager makers, Carlsberg and Heineken, have warned that inflation in the manufacturing process is driving up brewers' costs and will make a pint more expensive. And there's also supply chain issues and staff shortages. So how worried should beer drinkers be? We hear from journalist Melissa Cole, author of The Ultimate Book of Craft Beer.
Have US pharmaceutical companies created a web of disinformation to boost their profits? That's the accusation of Dr John Abramson, a family physician and faculty member at Harvard Medical School as laid out in his new book about Big Pharma, 'Sickening' - Dr Abramson explains further.
And in France, a long list of covid rules are being dropped – and clubs can reopen right away. We hear from Parisian DJ, Francois X.
The Ukrainian government has said its websites and banks have been hit by cyber attacks. Two state-owned banks, PrivatBank and Oschadbank, had been targeted by “massive” denial of service attacks and other failures which interrupted banking services. We hear from Reuven Aronashvili, Co-Founder of cybersecurity firm CYE. After three days of losses, the US markets kicked back upwards again thanks to what most investors saw as an easing of tensions on the Russia Ukraine borders. We hear from Joe Saluzzi of Themis Trading in New Jersey. Plus the biennial Singapore Airshow started this morning. Organisers are expecting fewer trade visitors due to Covid travel restrictions, and the event is not open to the public. But it is a chance for the world’s biggest aerospace players to show off to a select audience the projects they've been working on. The BBC’s Nick Marsh was there.
Professor Arun Advani discusses one-off taxes after oil companies post massive profits.
Seeking to counter a microchip shortage, the EU unveiled a plan to boost manufacturing. Some $49bn in subsidies are proposed to try and ensure 20% of the world's microchips are produced in Europe by 2030. Jan-Peter Kleinhans from technology think tank SNV in Berlin assesses whether that is a realistic target. Also in the programme, the oil giant BP has posted $12.8bn in profits for the past year, its highest level for eight years. It has led to calls for a windfall tax on oil companies in the United Kingdom, as we hear from Tom Wilson, senior energy correspondent at the Financial Times. The BBC's Justin Rowlatt reports on new technologies that might help mitigate the environmental impact of so-called 'fast fashion', which are clothes that often end up in landfill. Plus, we explore the potential for robot cats and dogs, designed to interact with their owners, including mimicking their heartbeats and breathing, with Ted Fischer, co-founder of Ageless Innovation which is behind the devices.
The New Climate Institute argues a host of big firms are not meeting climate commitments. Thomas Day was lead author of the institute's report, and discusses its findings. Also in the programme, prices for goods and services are rising sharply all over the world. The BBC's Tamasin Ford explores some of the factors behind the rises, and hears why it is often the poorest in society who are impacted the most. Following the death of Indian singer Lata Mangeshkar, schools and offices in her home city of Mumbai were shut today, along with banks and financial markets. The BBC's Archana Shukla reports from Mumbai. Plus, when it first streamed in China, the film Fight Club had its ending censored, but following an outcry the original has now been restored. We get reaction from entertainment journalist Caroline Frost.
Germany's new Chancellor Olaf Scholz is travelling to the United States for his first face to face meeting with President Biden. He is under pressure from both domestic rivals & international allies in his response so far to the crisis involving Ukraine, with accusations that Germany is putting its energy needs ahead of protecting Ukraine from an invasion. Presenter Will Bain speaks to Kristine Berzina from the German Marshall Fund think tank in Washington. Also we catch up with regular economic commentator Michael Hughes as inflation concerns continue to reverberate around the world. And Russell Padmore reports on the Chinese defence and aerospace industry, asking why more Chinese developed technology isn't being snapped up by keen buyers elsewhere.
The United States economy created 467,000 new jobs in January, despite a surge in coronavirus cases caused by the Omicron variant. The BBC's Michelle Fleury brings us the details, and Chris Low of FHN Financial analyses the impact on Wall Street. Also in the programme, Iceland has announced plans to end whaling from 2024 as demand dwindles. Matt Collis, International Fund for Animal Welfare says the move by the government is a positive one. Plus, the BBC's Russell Newlove reports on the booming market for electric bikes.
Presenter : Joshua Thorpe Producer: Nisha Patel
Presidents Putin and Xi of Russia and China met and unveiled a number of bilateral deals. We hear about the burgeoning economic relationship between the two countries from Dmitry Dolgin, chief economist for Russia at ING. President Putin was also able to catch the opening ceremony of the Winter Olympics in Beijing, and the BBC's Stephen McDonell tells us what impact the coronavirus pandemic has had on the scale of the event, compared to Beijing's summer Olympics in 2008. Also in the programme, the US added 467,000 jobs last month, which was far better than most analysts had predicted. The BBC's Michelle Fleury brings us the details. Plus, the BBC's Russell Newlove reports on the booming market for electric bikes.
Today's edition is presented by Will Bain, and produced by George Thomas, Russell Newlove and Gabriele Shaw.
President Vladimir Putin is due to begin a visit to Beijing on Friday - with the Kremlin saying that he'll sign more than a dozen trade deals with his counterpart Xi Jinping. Later in the day, Mr Putin will attend the opening ceremony of the Beijing Winter Olympics - which is being boycotted by the United States, Canada, Australia and the UK. We hear from Chris Weafer is CEO of the investment consultancy Macro-Advisory in Moscow.
Also in the programme, the Governor of the Bank of England has told the BBC that employees negotiating their salary this year should not ask for too big a pay rise - so they can help bring inflation under control. Mr Bailey said he was concerned that rising inflation would become ingrained in the economy.
Shares in Facebook's parent company Meta fell 25% on opening after weak earnings data. Investors were particularly concerned by Facebook's first ever decline in user figures, and we find out more from Isobel Hamilton, senior technology reporter at Insider. Also in the programme, the inflation rate in Turkey has hit an eye-watering 48% year-on-year. The BBC's Victoria Craig reports on whether tourism might help offset some of the country's bigger economic problems. Plus, a billion-year-old black diamond is going up for auction. Nikita Benani is jewellery specialist at Sotheby's and tells us about the diamond, named The Enigma, which is believed to be the largest cut diamond on earth, and may have been formed from a meteor impact.
Today's edition is presented by Will Bain, and produced by George Thomas, Sara Parry and Elizabeth Hotson.
It's been a bad day for Big Tech. Shares in Facebook's parent company, Meta, dropped 20 percent in after-hours trading, following the release of its Q4 figures for the end of 2021 and its numbers for the whole calendar year. Susan Schmidt from Aviva Investors tells us more.
The European Union has outlined a strategy for regulation of new and emerging technology. Competition chief Margrethe Vestager gave details of the proposals, and we find out more from Javier Espinoza of the Financial Times. Also in the programme, the oil producers' cartel OPEC and its allies met today, and agreed only a moderate increase in output, despite calls from some oil consumers to go further in a bid to reduce prices. The BBC's Sameer Hashmi fills us in on the details. 20 years ago, America's National Football League introduced the Rooney Rule, in an attempt to increase the number of black and ethnic minority candidates hired to NFL coaching and executive positions. One black coach, Brian Flores, is now suing the league, alleging teams invited him for head coach job interviews purely to pad out their Rooney Rule statistics. Jeremi Duru is a law professor at the American University in Washington DC, helped draw up the Rooney Rule, and gives us his reaction to the lawsuit. There's a warning from the giant investment bank BNY Mellon that global investment firms are missing out on potentially as much as three trillion dollars' worth of investment because they are not attracting female investors. Anne-Marie McConnon from BNY Mellon discusses their findings. Plus, following the launch of a trial four day working week at some companies in the UK, our regular workplace commentator Pilita Clarke explores the costs and benefits of such a model.
America's three biggest pharmaceutical distributors and Johnson & Johnson have been ordered to pay up to $665 million to native American tribal communities devastated by the opioid crisis. More than 400 tribes sued the companies, claiming they were inundated with highly addictive painkillers manufactured by J&J and shipped by the distributors who ignored clear signs of abuse and death. We hear from Lloyd Miller, one of the lead attorneys representing a third of the litigating tribes.
Finance minister Nirmala Sitharaman's budget includes plans for new highways and cargo terminals, and aims to kickstart the Indian economy following a wave of Omicron cases. Our correspondent Arunoday Mukharji brings us more details. An independent report has found systemic racism, sexual harassment and bullying at the Australian mining giant Rio Tinto. We speak to ABC's Peter Ryan in Sydney and ask whether this could be the mining sector's #MeToo moment. The Winter Olympics start in Beijing on Friday. Many countries are officially boycotting the games over claims of human rights abuses in China, and now allegations are surfacing of athletes being forced to install spyware on their devices. We have an extended report from Ed Butler. And as the word game Wordle is sold to the New York Times, we look at what's behind its success and what the move could mean for fans of the game.
We start this WBR looking at the effects of the Joe Rogan Scandal on Spotify and if they should be worried. When Rogan started talking to people about Coronavirus he was accused of spreading misinformation, and artists including Neil Young, and Joni Mitchell threatened to remove their music from Spotify. Spotify has promised to post advisory warnings, Joe Rogan has apologised but the damage has been done. We spoke to Our North American Tech Correspondant James Clayton about the practical implications of this scandal and how worried Spotify should actually be.
Next. Peter Jankovsis talked guided us through the US markets and we finished with Sony's deal to buy Bungie for $3.6 billion. It's in light of the last year seeing over a thousand private placements, mergers, and acquisitions in the games industry. To mention two of the biggest; Take-Two Interactive bought Zynga for $12.7 billion and Microsoft spent a massive 69 billion dollars buying Activision. There have recently been many other such deals, so what is the significance of Bungie, a question we put to our New York Business Correspondent Samira Hussein.
Spotify seeks to limit damage after a Coronavirus row over its star podcaster. Joe Rogan has pledged to try harder to offer more balanced views on his podcast, after he was criticised by Neil Young and Joni Mitchell for helping to spread Covid misinformation. The Canadian musicians asked to have their music pulled from Spotify as a result. Spotify has since said it is working to add advisory warnings to any podcast discussing Covid-19. But does that mean it is moving from a platform to a publisher, with the different regulations that that would entail?
Also in the programme, voters in Portugal give a clear 'yes' to their Prime Minister after a snap general election - we hear what this means for the country's economy.
Plus - why the time is now for African musicians
We start the programme looking into Spotify and The Joe Rogan Experience - it's Spotify's most popular podcast which has come under scrutiny for platforming what critics and artists like Neil Young have called Covid-19 misinformation. Chris Cooke is a music industry expert and the founder of a consultancy called CMU Insights who have been looking into the challenges facing digital media companies like Spotify.
Next Our correspondent in Lisbon, Alison Roberts, joined us live to discuss the final stages of counting in Portugal's general election.
Our US Market report with Economist Michael Hughes had a look at whether things are as rosy as they once were with the US markets.
If you've decided to follow Veganuary and embrace a completely plant-based diet for a month, you now have only a matter of hours left. This year there's been a noticeable boom - not just in people taking part but also in the amount of vegan food that's on sale. Even from fast-food restaurants like McDonalds. But is this just a one-off occasion for people to try to be 'good' for a month, or are tastes gradually shifting away from meat? Tonight's presenter David Harper asked Ramsey Baghdadi, an Associate Analyst at Global Data Plc in London, who studies trends in vegan fast food product.
Lastly, Demand for beauty "tweakments" - small changes to your appearance, as opposed to full-on face changing plastic surgery - is soaring. Hours spent on video conferencing has forced people to constantly scrutinise their appearance, so what exactly are people having done and is it worth the price tag? Our colleague Elizabeth Hotson also looked into how being an attractive female affects your work prospects and how much this all costs for some people.
As US inflation in the US hits record highs, we get analysis from Chris Low at FHN Financial. There's a dispute in Spain over the cultivation of strawberries in Andalucia which are taking water from the Donana National Park, which is a UNESCO World Heritage Site. We find out more from Javier Martin Arroyo, who is a writer for the Spanish newspaper El Pais. Plus, as climate change progresses, the demand for energy hungry air conditioning increases, which in turn exacerbates the problem. The BBC's Ed Butler reports on the potential for more energy efficient cooling systems.
As US inflation in the US hits record highs, we get analysis from Chris Low at FHN Financial. And Kai Rysdall from the Marketplace show in the US, speaks to nobel prize winning economist, Amartya Sen.
Economic growth in France at 7% last year is its strongest performance in 52 years. But the country suffered a contraction during the pandemic of 8%, and we explore the relative economic performance of a number of European countries with Shanti Kelemen of M&G Wealth Investments. Also in the programme, the BBC's Alison Roberts assesses the health of Portugal's economy ahead of elections in the country this weekend. There's a dispute in Spain over the cultivation of strawberries in Andalucia which are taking water from the Doñana National Park, which is a UNESCO World Heritage Site. We find out more from Javier Martín-Arroyo, who is a writer for the Spanish newspaper El País. Plus, as climate change progresses, the demand for energy hungry air conditioning increases, which in turn exacerbates the problem. The BBC's Ed Butler reports on the potential for more energy efficient cooling systems.
Firstly, we look at how Apple became the first company to hit a stock market valuation of $3tn in early January of this year as well as its latest earnings. We also discuss how chip shortages and supply chain issues have hit production. Are consumers still snapping up iPhones? Daniel Ives is Managing Director of Equity Research for Wedbush Securities in New York weighs in on the topic.
A series of slow-moving truck convoys are making their way towards the Canadian capital, Ottawa, as part of a protest against vaccine mandates. It all started with drivers hauling cargo across the border with the United States being compelled - both ways - to be vaccinated or denied permission to cross. In some provinces, the convoys have caused traffic congestion - so in terms of being an irritant the protest is certainly working. And on Thursday the Prime Minister himself, Justin Trudeau, was forced to address the issue. Nate Tabak is a reporter for the global transport and infrastructure website freightwaves.com - he spoke to us about what he made of the situation.
In the last quarter of 2021 the US economy grew at a better than expected annualised 6.9%. We get a sense of what that feels like on the ground from Curtis Blair, president and chief executive of the Utah Valley Chamber of Commerce. Also in the programme, the BBC's Mariko Oi reports from Singapore on why food price inflation across Asia is in general not as high as elsewhere in the world. As drinksmaker Diageo unveils a boost in sales for the first half of its financial year of 16%, we find out what's driving the uptick from the firm's chief executive, Ivan Menezes. Plus, following a number of recent takeovers of English football clubs by overseas owners, the BBC's Vivienne Nunis reports on whether private ownership is the best way for clubs to operate.
Today's edition is presented by Sasha Twining, and produced by Sarah Hawkins and Sara Parry
The World Trade Organisation has authorised China to impose retaliatory duties on US imports to a value of more than 600 million dollars per year. Beijing had challenged American tariffs levied on Chinese exports ranging from solar panels to steel wire - goods made by companies that Washington insists are effectively enjoying state subsidies. David Firestein - President of the George HW Bush Foundation for US-China Relations - explained the background.
Lastly, is The US central bank is poised to raise interest rates as it unwinds the support it has provided the world's largest economy since the start of the pandemic. The Federal Reserve did not raise interest rates on Wednesday - but said such a move would - quote - soon be appropriate. How soon? We asked Susan Schmidt of Aviva Investors in Chicago.
Despite the potential Ukraine conflict, Italian business leaders have met President Putin. The virtual meeting with the Russian president went ahead amid calls from Italy's government for it to be scrapped, and we hear which Italian businesses were involved from Giorgio Leali, who is a reporter with Politico Europe. We explore Italy's commercial ties to Russia with Vincenzo Trani, chairman of the Italian-Russian Chamber of Commerce, who was on today's call. And we get Ukrainian business reaction from Dmitro Shymkiv, executive chair of Darnitsa, which is the country's largest pharmaceutical company. Plus, planemaker Boeing has unveiled a multi-billion loss in its latest financial figures. We find out more from Madhu Unnikrishnan, editor of Airline Weekly.
The International Monetary Fund has downgraded its forecast for the global economy - trimming half a percentage point off its projection - now at 4.4 per cent. The IMF's First Deputy Managing Director, Gita Gopinath tells us the focus right now is on the world’s two biggest economies - the US and China - neither of which, the IMF believes, will be immune to the slowdown. India and Japan, by contrast, are forecast to buck the trend. Plus, Walmart has announced an investment in a vertical farming company. We discuss the merits of the concept with Leo Marcelis, professor of Horticulture and Product Physiology at Wageningen in the Netherlands.
Millions of people in Kazakhstan, Uzbekistan and Kyrgyzstan have suffered power cuts. The disruption was caused by a grid failure, and Timor Karpov in the Uzbekistan capital Tashkent tells us about his experience of power shortages. And Temur Umarov of the Carnegie Moscow Centre explains the background to the problems. Also in the programme, the BBC's Ed Butler reports on how drug cartels in Mexico have turned to innovative solutions to continue smuggling drugs across the border into the United States. The European Space Conference is under way in Brussels today. We explore the main items on the agenda, including a possible rival to Elon Musk's Starlink internet satellite constellation, and the problem of space junk, with space journalist Jonathan O'Callaghan. Plus, the pandemic has disrupted the industry awards sector considerably over the past two years. Our regular workplace commentator Peter Morgan tells us why he is happy to keep his tuxedo tucked away in the wardrobe.
Today's edition is presented by Rahul Tandon, and produced by Nisha Patel, Sara Parry and Tom Kavanagh.
The EU Commission president has offered $1.3bn in financial assistance for Ukraine. Ursula von der Leyen's announcement came as NATO put forces on standby and Britain and the US withdrew diplomats from Ukraine, as the threat of a potential Russian invasion continues. We assess Russia's position in the dispute with Chris Weafer, who is chief executive of the Moscow-based economic consultancy Macro Advisory. Also in the programme, the Australian mining giant Fortescue Metals has bought the battery and technology arm of the Williams Formula One racing team. Craig Williams is chief executive of Williams Advanced Engineering, and tells us what makes the organisation attractive. Google is facing concerns from Germany's largest publishers and advertisers, which are asking the EU to intervene over the search giant's plan to stop the use of third-party tracking cookies in its Chrome web browser. Javier Espinoza from the Financial Times brings us the background. Plus, the pandemic has disrupted the industry awards sector considerably over the past two years. Our regular workplace commentator Peter Morgan tells us why he is happy to keep his tuxedo tucked away in the wardrobe.
This week members of the Italian Parliament will elect a new head of state in a secret ballot. The powers of the president are limited, but the role of overseeing the appointment of the prime minister will be key as the country holds a general election next year, as we hear from Paola Subacchi, professor of international economics at Queen Mary University of London. Over the weekend former Prime Minister Silvio Berlusconi dropped out of the running. Meanwhile, the Italian economy has been growing stronger, as Valentina Meliciani, professor of economics at Luiss University in Rome, explains.
Thousands of unvaccinated American truck drivers are banned from crossing the border into Canada and now the US is also blocking Canadian truckers. We have an extended report on the problems that could be caused by a shortage of truck drivers. Plus, we revisit the panic buying at the beginning of the pandemic. Adam Kaat worked in a supermarket in the state of Colorado in 2020 and has written a book about his experiences.
The American technology firm Intel says it will spend $20 billion dollars to build two semiconductor chip factories in the US state of Ohio as a global shortage continues. Alena Semuels is the Senior Economics Correspondent at Time and explains the significance of the factories. Chris Low of FHN Financial analyses the possible wider impact on the markets. Also on the programme, how long should people isolate when they have Covid? And are businesses able to keep up with the changing rules? Its a question Marketplace's Kai Rysdall put to Cynthia Baur of the University of Maryland School of Public Health
This edition of World Business Report was presented by Rahul Tandon and produced by Nisha Patel
French and American energy giants TotalEnergies and Chevron are pulling out of Myanmar. They've cited deteriorating human rights in the wake of last year's coup in the country. We find out more from Gareth Leather, who is on the emerging markets team at Capital Economics. Also in the programme, an investment of more than $400 million by the mining firm Rio Tinto on a potential lithium venture in Serbia appears to have come to nothing. The BBC's Guy Delaunay explains why. After the British culture secretary warned that the way the BBC is funded may be coming to an end in the next few years, the BBC's Rob Young explores the way public service broadcasters are funded around the world. Plus, the singer Adele has been forced to cancel a series of gigs, or residency, in Las Vegas at the last minute. Mark Mulligan of entertainment analysis company MIDiA Research tells us about the attraction to artists of the residency format.
Today's edition is presented by Fergus Nicoll, and produced by Will Bain, Sara Parry and Philippa Goodrich.
A huge explosion in the west of the country has caused massive damage and loss of life.
As signs of a possible Russian invasion of Ukraine mount we gauge the mood in the country. Orysia Lutsevych heads the Ukraine Forum in the Russia and Eurasia programme at Chatham House, and brings us her perspective. And we speak with Oleg Chernyak, who works for a software development company CHI Software, based in Kharkiv, but with offices around the country. Also in the programme, last weekend's underwater volcano eruption in Tonga caused a devastating oil spill thousands of miles to the east in Peru. Simeon Tegel is a freelance reporter based in Lima, and discusses the implications. Plus, the trend of "lying flat" is catching on among young Chinese who are opting out of competitive careers. The BBC's Ed Butler reports on the phenomenon.
President Biden has held a rare press conference to mark a year in office. Biden has defended his administration’s response to the global economic impact of the pandemic, and concerns over supply chain problems.We speak live to the BBC's Gary O'Donoghue outside the West Wing. Also in the programme more than 100 billionaires and millionaires have issued a plea to political and business leaders, asking them to make the super rich pay more tax.
South Africa's President Ramaphosa has opened a vaccine manufacturing site in Cape Town. The BBC's Vumani Mkhize was at the event, and brings us the details. And we get reaction to the development from Thomas Cueni, director general of the International Federation of Pharmaceutical Manufacturers and Associations in Basel. Also in the programme, the vice president of the European Securities and Markets Authority has called for a ban in the European Union on mining of the cryptocurrency Bitcoin, on environmental grounds. Erik Thedeen explains his thinking. Rising food and fuel prices are making daily life tougher for the people of Sri Lanka, and the BBC's Anbarasan Ethirajan reports on the difficulties people in the country face. Plus, less than 10 per cent of trade involving members of the East Africa economic bloc the EAC is currently delivered by rail. Tanzania and Burundi hope to change that and are planning a new rail connection between the two countries. We hear what the countries hope to achieve with the proposal from Nuzulack Dausen, executive editor of the NuktaAfrica news agency in Dar es Salaam.
Microsoft says it plans to buy major games company Activision Blizzard in a deal worth $68.7bn. It would be the biggest acquisition in the company's history and is expected to be finalised in 2023. We speak to Carolina Milanese, Senior Technology Analyst at Creatrive Strategy to find out why Microsoft have done the deal. US mobile networks AT&T and Verizon have agreed to postpone the rollout of their new 5G service at some airports, after aircraft safety concerns from some airlines. We hear about the latest developments from the BBC's James Clayton.
US airlines have warned that switching on new 5G mobile services could cause disruption. The BBC's Theo Leggett discusses the background to the problem, and its implications. Also in the programme, Spain's government is taking action to try and help young people find housing, by approving a "youth bonus" voucher system worth €250 per month to help with rent costs. Eduardo Alonso Arechaga is a member of the Spanish Youth Council, which represents young Spaniards, and gives us his reaction to the news. There's been a big rise recently in the number of young people trading on the financial markets, and many are using mobile phone apps which are designed to make the process fun. The BBC's Rob Young reports on the potential pitfalls involved in the so-called gamification of stock market trading. Plus, with a virtual World Economic Forum under way in Davos, Switzerland, we hear from one of 15 winners of the Social Innovators of the Year awards, Mikaela Jade, who is a former park ranger in Australia who now runs a Canberra-based company which specialises in digital skills training.
Today's edition is presented by Mike Johnson, and produced by Will Bain and Sara Parry
China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move. Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleagured bank.
Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleaguered bank, and we get the background from the founder of the Swiss financial news website finews.ch, Claude Bauman. Also in the programme, according the latest official figures, Chinese economic growth is slowing. The Shanghai-based economist Andy Xie brings us the details. There's a growing fuel crisis in Uganda as truck drivers protest over Covid requirements at the border, and we find out more from the BBC's Patience Atuhaire in Kampala. Plus, the BBC's Theo Leggett reports on aviation technologies that might shape the future of flying.
Debts accumulated by construction companies, like Evergrande, are undermining the economy and the days of China enjoying expansion of double digits are expected to be over. Plus we look ahead to the World Economic Forum, which wiull open with an address from Chinese President Xi Jinping. Also we have an extended analysis of Turkey's economy, which is under pressure because of surging inflation. This week the central bank will consider if it should increase interest rates, but that has repeatedly been prevented by the Turkish President, Tayyip Erdogan, who has even removed staff at the central bank, to stop rates rising.
Retail figures released in the US for December were lower than analysts' expectations. We get analysis from Chris Low of FHN Financial. Plus, Forbes has released its YouTube rich list. The BBC's gaming reporter Steffan Powell talks us through this year's highest earners.
French energy firm EDF has been ordered by the government to sell cheap nuclear power. The company says the move could cost it $9.5bn, and at one point today its shares declined by 25% on the news. We get the background from Thierry Bros who is a professor at the Paris Institute of Political Studies, and used to advise the government on energy matters. Also in the programme, the BBC's Mike Johnson reports on the state of Brazil's economy, ahead of presidential elections due in October. Search giant Google is investing more than $950m in buying and refurbishing its London headquarters, we hear about the company's plans for getting workers back to the office at least some of the time, from Ronan Harris, who heads up Google in the UK. Plus, there's to be a revolution in the American condiment industry. After 70 years, the United States has decided to stop regulating the ingredients of French dressing, and we find out more from the BBC's Victoria Craig.
Today's edition is presented by Rob Young, and produced by Joshua Thorpe, Philippa Goodrich and Gabriele Shaw.
Representatives of the Indian and British governments have held a first day of talks over a free trade deal, potentially worth billions of dollars. The UK’s Secretary of State for International Trade, Anne-Marie Trevelyan, told us that the proposed agreement will bring growth opportunities to British businesses. Plus, a dispute over lithium mining concessions granted by Chile’s outgoing president Sebastian Pinera has sparked fierce debate in recent days. Chilean economist Francisco Meneses tells us about the importance of lithium to the country’s economy, and how incoming head of state Gabriel Boric is walking a tightrope when it comes to building a political coalition. And we’re joined by Cary Leahey of the New York-based Decision Economics for a look at what’s been happening in the US markets on Thursday.
Volkswagen China has closed two plants in Tianjin as a result of Covid outbreaks. James Mayger is with Bloomberg News in Beijing, and assesses the impact of China's zero Covid approach on global supply chains. Also in the programme, Twitter is freely available in Nigeria for the first time in seven months. The BBC's Chris Ewokor in Abuja tells us why the social media site had been blocked in the first place, and online food vendor Chef Marvy tells us how Twitter's suspension affected her business. Talks have begun on a multi-billion dollar trade deal between India and the United Kingdom. We explore the likelihood of success with Sujit Nair, who is chairman of the Europe India Centre for Business and Industry. Plus, following a shortage of French fries for Kentucky Fried Chicken restaurants in Kenya, the BBC's Tamasin Ford explores why multinational fast food chains don't simply turn to local suppliers to meet their needs.
The US annual inflation rate rose to 7% in December, a figure not seen since 1982. Jayne Schaber lives in New York state and tells us about her experiences when out shopping, and we get a historical perspective on the latest figures from Professor Jason Furman of Harvard University, who was the top economic adviser to the White House during the eight years of the Obama presidency. Plus, a new report from the app monitoring firm App Annie indicates that smartphone users are spending an average of 4 hours and 48 minutes each day on their devices; we hear from Lexy Sydow, Head of Insights at the app.
The US annual inflation rate rose to 7% in December, a figure not seen since 1982. Jayne Schaber lives in New York state and tells us about her experiences when out shopping, and we get a historical perspective on the latest figures from Professor Peter Morici of the Robert H Smith School of Business at the University of Maryland. Also in the programme, Kenya and the United Arab Emirates are embroiled in a row that has seen air links between the two countries suspended. Victor Amadala of The Star in Nairobi explains the background. The BBC's Clare Williamson reports on a fierce political row that has broken out in the European Union over how to define what is green or sustainable in new guidelines for finance and investment. Plus, a new report from the app monitoring firm App Annie indicates that smartphone users are spending an average of 4 hours and 48 minutes each day on their devices. The BBC's Jane Wakefield discusses the findings.
Companies are increasingly mandating Covid-19 vaccines for staff. Ikea has cut sick pay for unvaccinated workers who must self-isolate in the UK. It's the latest in a string of companies making life difficult for the unvaccinated, and we assess the legal picture around such moves with Richard Fox, who's an employment lawyer with the UK law firm Kingsley Napley. Also in the programme, we ask whether the global economy needs to start dismantling what's known as 'global white privilege', beyond the challenge of boosting the prospects of those from ethnic minorities in rich western countries. We find out more from Chandran Nair who has written a book on the topic. The British Museum is to sell 20 watercolour paintings by JMW Turner in the form of digital assets, or non-fungible tokens. The sale is being handled by the company La Collection, and its chief executive Jean-Sebastien Beaucamps explains the thinking behind the move. Plus, one of the biggest illegal darknet websites, Torrez, has gone offline, after two years of selling Class A drugs, counterfeit cash and hacking tools. But with new sites popping up all the time, the BBC's cyber reporter Joe Tidy tells us how resilient this small but significant part of the drugs economy has become.
President Rajapaksa of Sri Lanka has asked China to restructure its debt repayments. Deshal de Mel is an economist at Verite Research, and tells us how Sri Lanka built up more than $5bn in loans from China for roads, ports and an airport over the past decade. Also in the programme, the Norwegian fertiliser giant Yara International will stop buying potash from Belarus by the end of April, due to the impact of international sanctions on the country. Hanna Liubakova is a Belarusian journalist currently in exile, and explains the significance of the potash industry to Belarus. The BBC's Laurence Knight explores the potential for psychedelic drugs in the treatment of mental health conditions. Plus, our regular workplace commentator Stephanie Hare considers the prospects for a "basic income for the arts" scheme being introduced in Ireland, which will involve a minimum income being paid to several thousand people working in the sector.
Today's edition is presented by Rob Young, and produced by Joshua Thorpe and George Thomas.
The big event of 2021 that will shape economies all over the world for decades to come was the COP 26 climate conference in Glasgow in November. The meeting saw a deluge of promises, but what was actually achieved? Martin Webber speaks to Tim Gould, chief energy economist at the International Energy Agency and economist Irwin Stelzer, from the Hudson Institute in the United States.
It was another boom year for the pharmaceutical industry as it crafted the vaccines that have saved so many lives. Of the 8 billion coronavirus vaccinations worldwide, one billion have been delivered by the US logistics company, UPS. We hear from Wes Wealer, President of UPS healthcare.
And small business owners have had a bleak time for much of the past year. But many of those that have survived now feel optimistic. We hear from the owner of the Aroma speciality coffee shop in Bologna in Italy, Cristina Caroli, about her year.
Covid-19 is set to prompt radical long term changes to how we live and work, so what lessons can be learnt when we eventually emerge from the pandemic? Could the changes in the way we work herald higher productivity and happier people in the future?
We hear the stories of the people who managed to thrive during a very difficult year, including the milkman who saw a boom in deliveries and the dancer who found work in South Korea when the London stage went dark.
Martin Webber is joined by Professor Devi Sridhar who holds the Chair of Global Public Health at the University of Edinburgh; economist Roger Bootle, of Capital Economics; Robert Reich, former Labour Secretary under President Clinton; Tomas Philipson, who was Chair of the Council of Economic Advisors under Mr Trump; and actor Thomas Inge who is currentl starring in the musical Cats in South Korea.
Hong Kong media tycoon and pro-democracy supporter Jimmy Lai has been charged with fraud. We hear from Mr Lai in his last interview before being detained, and get a sense of the mood for businesses in the city from Mike Bird of the Wall Street Journal.
Also in the programme, Ivana Davidovic reports on China's war against food waste. China's leader Xi Jinping has launched a campaign targeting food waste in the country. Jian Yi, who has been at the forefront of promoting a sustainable food system in China, and founded the Good Food Fund tells us President Xi's announcement came as a surprise. With some local authorities in China aiming to limit the amount of food diners order, Priscilla Young, co-founder of Brut Eatery, which has five outlets in Shanghai, is not sure of the benefits of a heavy-handed approach to curbing dining excess. James Palmer explains how Chinese complex relationship with food stems from centuries of famines. And we hear from Szechuan food and culture expert Fuchsia Dunlop how Chinese New Year feasts reveal why ordering too much is a sign of good luck for the future.
Plus, we find out how the fashion industry is adapting to coronavirus from Caroline Rush, chief executive of the British Fashion Council.