World Business Report

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Sinopsis

The latest business and finance news from around the world from the BBC

Episodios

  • Arrests at Hong Kong's Apple Daily

    17/06/2021 Duración: 26min

    Several senior figures have been arrested at Hong Kong's pro-democracy paper Apple Daily. We get reaction to the developments from Hong Kong investor Alan Zeman of the Lan Kwai Fong Group, and Selina Cheng, who is a senior reporter with Hong Kong Free Press. Also in the programme, a slim majority of countries at the UN's shipping agency, the International Maritime Organisation, have voted in favour of a package of measures that will require companies to reduce their carbon intensity in the coming years, but will allow overall emissions to keep rising. Critics have dismissed the plans as not being ambitious enough, and we find out more from Simon Bergulf, regulatory affairs director at the world's largest shipping company, Maersk. The BBC's Adam Easton brings us the latest in a dispute between the Czech Republic and Poland over water shortages said to be caused by a coal mine in Poland. Plus, with the popularity of one-day and Twenty20 cricket formats on the rise, we ask whether it is game over for the five da

  • Update: Russia-US summit in Geneva concluded

    16/06/2021 Duración: 11min

    As the Russian and US presidents meet in Geneva, we examine the state of Russia's economy and those separate media briefings - in which Mr Putin spoke first, followed by Mr Biden. Nina Jankovich of the Wilson Center in Washington picks out her highlight from each leader's remarks.

  • Putin and Biden meet in Geneva

    16/06/2021 Duración: 26min

    As the Russian and US presidents meet in Geneva, we examine the state of Russia's economy. Chris Weafer is chief executive of the economic consultancy Macro Advisory, and offers us his analysis. Also in the programme, the presidents of Uganda and the Democratic Republic of Congo have officially opened a major new bridge between the countries. Nebert Rugadya is a business journalist in Kampala and tells us what difference the new border crossing will make. Andrew Ssentongo of energy company GRS Commodities discusses whether solar power might offer a solution to get reliable electricity to those off the grid across Africa. Plus, as the European Union starts releasing pandemic recovery funds, we ask how Spain's tourism sector is faring, with Giles Brown from Spanish radio station, Talk Radio Europe. (Picture: Presidents Biden and Putin meet in Geneva. Picture credit: Reuters.)

  • US and EU resolve aircraft subsidies row

    15/06/2021 Duración: 27min

    The US and the EU have resolved a 17-year long dispute over Boeing and Airbus subsidies. The two parties have agreed to phase out billions of dollars in punitive tariffs, and we get reaction from Markus Beyrer, director general of lobbying group BusinessEurope. Also in the programme, the UK and Australia have announced the first post-Brexit trade deal negotiated entirely from scratch. Mary Quicke is a cheesemaker who currently exports 10% of her cheeses to Australia, and tells us she is cautiously optimistic about what the deal might lead to. Five years ago, American broadcaster Gretchen Carlson successfully sued her former boss at Fox News, Roger Ailes, for sexual harassment. She discusses her concern that major American companies continue to gag employees, and protect workplace predators through non-disclosure agreements. Plus, scientists have developed a technique to turn waste plastic bottles into the synthetic vanilla flavouring vanillin. Joanna Sadler of the University of Edinburgh, who conducted the re

  • Update: NATO makes China 'challenge' its new priority

    14/06/2021 Duración: 07min

    China was identified as a rising challenge in NATO's latest summit, as we heard from defence analyst Dr Jacob Parakilas, who outlines the new defence economy of the transatlantic organisation. Plus, we hear the latest on the stock markets with Peter Jankovskis, an independent analyst in the US.

  • WhatsApp launches privacy campaign

    14/06/2021 Duración: 26min

    Messaging service WhatsApp has launched its first big privacy-focused campaign in the UK. It follows a customer backlash against changes to its terms and conditions, announced earlier this year. We hear from WhatsApp's chief executive, Will Cathcart. Also in the programme, an American father and son have told a court in Japan how they smuggled former Nissan boss Carlos Ghosn out of the country. Hans Greimel is Asia editor for Automotive News, and brings us the details of the case. Plus, the BBC's Elizabeth Hotson finds out about the best technique for delivering bad news in the workplace. (Picture: A WhatsApp logo on a smartphone. (Picture credit: Getty Images.)

  • G7: Vaccines and climate pledges but plenty of questions as summit ends

    14/06/2021 Duración: 24min

    G7 leaders meeting in the UK made big pledges around vaccines for developing countries, and new climate targets. But did they go far enough, and is there a financial will both inside and outside the G7 to press ahead with the plans? We ask Terry Haines of Pangaea Policy in Washington DC and Anthony Dworkin from the European Council on Foreign Relations. Also on the programme the economist Michael Hughes looks at looming inflation worries in the US, whilst Paul McBride the founder of Irish technology firm Peroptyx ponders whether the unpredictability of the pandemic, is actually impacting the predictability the algorithms that dictate our digital world rely on.

  • Update: US markets relax as week ends

    11/06/2021 Duración: 05min

    A regular update from Wall Street, with Chris Low of FHN Financial in New York.

  • Acute food shortages in northern Ethiopia

    11/06/2021 Duración: 26min

    The UN warns of food shortages in Ethiopia's Tigray region, so is famine being concealed? Freelance journalist Samuel Getachew has visited the affected areas in recent weeks, and tells us what he saw. And we get wider context from Peter Smerdon of the UN's World Food Programme. Also in the programme, following last week's agreement by G7 finance ministers to harmonise corporate tax policies around the world, Ireland's finance minister Paschal Donohoe explains why Dublin wants to see changes to the plan. The BBC's Maddy Savage visits Northvolt's new electric car battery factory in northern Sweden. Plus, as Hong Kong introduces strict new movie censorship rules as a result of the territory's new national security law, former civil servant Rachel Cartland, who still lives in Hong Kong, gives us her reaction.

  • Update: Ireland's Finance Minister: seeking to change global minimum tax plan

    10/06/2021 Duración: 07min

    Ireland's finance minister, Pascal Donohoe, tells the BBC's Rob Young that the country will be "strenuously" making the case for changes to a tax plan that seeks to bring in a global minimum tax rate. Plus, we hear about why the Standard and Poor's business index has surged so much, and what it did to the stock market, from Dr Cary Leahey from Decision Economics in New York.

  • Yantian Port operations hit by coronavirus

    10/06/2021 Duración: 26min

    A Covid-19 outbreak has brought China's Yantian port to a standstill, threatening trade. Tom Hale of the Financial Times in Hong Kong explains the background to the disruption, and we consider the potential impact on global trade with Nils Haupt, senior director at German shipping firm Hapag-Lloyd. Also in the programme, earlier this week El Salvador decided to adopt the cryptocurrency Bitcoin as legal tender. Nic Carter is founding partner at Castle Island Ventures, and his Twitter event on cryptocurrency was joined by El Salvador's President Bukele just as the country's parliament passed the new law. Finance ministers across the largest member states of the East African Community, such as Kenya and Tanzania, present their national budgets for 2021/22 today. Dario Kenner is a development economist with the Catholic charity Cafod, and discusses the budgetary challenges the countries face. Plus, the BBC's Shingai Nyoka reports from Zimbabwe on efforts in the country to bring down its high 28% youth unemploymen

  • Update: US Senate passes bill to counter China tech

    09/06/2021 Duración: 11min

    The US Senate has approved a $250bn spending plan to boost tech research and production. It's aimed at countering China’s growing influence in the sector, Scott Kennedy, the senior advisor and trustee chair in Chinese business and economics at the Center for Strategic and International Studies give us more details. Also in the programme, Samira Hussain tells us what's been happening on the markets.

  • US Senate passes bill to counter China tech

    09/06/2021 Duración: 26min

    The US Senate has approved a $250bn spending plan to boost tech research and production. Aimed at countering China’s growing influence in the sector, Mark Montgomery, of the Center on Cyber and Technology Innovation at the Foundation for the Defense of Democracies tells us why he believes the legislation is so important. Also in the programme, the Nigerian government’s ban on the use of Twitter has run into widespread opposition in the country. Nicholas Ibekwe is head of investigations at Premium Times, and explains the background to the dispute. Plus, the BBC’s Laura Bicker reports from Thailand on the challenges young people there face in making a living, in the absence of the country’s vital tourism sector, as a result of the coronavirus pandemic.

  • Update: FBI app lures criminals into police hands

    08/06/2021 Duración: 10min

    Hundreds of suspected criminals have been arrested after using an FBI-run messaging app. The joint operation with 16 law enforcement agencies worldwide was an effort to crack down on serious organised crime. Professor Robert Chesney, the Chair of The University of Texas's school of law, tells us how the sting operation worked. Plus Brian Dorst of Themis Trading brings us the latest news from the financial markets.

  • FBI app lures criminals into police hands

    08/06/2021 Duración: 26min

    Hundreds of suspected criminals have been arrested after using an FBI-run messaging app. The joint operation with 16 law enforcement agencies worldwide was an effort to crack down on serious organised crime. Joseph Cox, technology reporter with the US website Vice, tells us how the sting operation worked. Also in the programme, US authorities say they've recovered part of a multimillion dollar Bitcoin ransom paid to a gang of cybercriminals who forced one of America's most important energy links, the Colonial Pipeline, to be taken offline last month. Kim Grauer is head of research at Chainalysis, and explains how those using Bitcoin leave a digital trail of their activities. The BBC's Samira Hussain reports from New York on the challenges young people are experiencing with finding jobs. Plus, on World Oceans Day, Christina Dixon of campaign group the Environmental Investigation Agency discusses what role business can play in helping to prevent what is currently around eight million tonnes of plastic waste ent

  • Update: Google fined $267m in France

    07/06/2021 Duración: 07min

    Search giant Google is to pay a $267m fine in France because of its advertising dominance. Katrin Schallenberg is an antitrust expert with Clifford Chance and explains the background to the case. Plus, Peter Jankovskis brings us the latest news from the financial markets.

  • Google fined $267m in France

    07/06/2021 Duración: 29min

    Search giant Google is to pay a $267m fine in France because of its advertising dominance. Laura Kayali is technology reporter for Politico in Paris, and explains the background to the case. Also in the programme, protesters voiced their anger over environmental concerns as a giant cruise ship set sail from Venice on Saturday. The MSC Orchestra was the first cruise ship to leave the city since coronavirus restrictions were imposed in early 2020, and Tom Parry of the Travel Trade Gazette tells us whether the global cruise industry is getting the wind back in its sails. Production of the luxury jet plane Learjet is set to end later this year, and the BBC's Russell Padmore takes an in-depth look at the global market for private jets. Plus, as people around the world return to the office, our regular workplace commentator Peter Morgan discusses the experience of those who have to try and fit into traditional office attire again, after spending time at home wearing baggy loungewear.

  • G7 agrees global tax deal

    07/06/2021 Duración: 22min

    The G7 has agreed a deal to ensure multi-national companies pay a tax of 15% in the countries where transactions take place. But is it enough? We hear from Jeeven Sander, an economist at Kings College in London, Pieter Baert a tax specialist at Business Europe in Brussels and Danny McCoy, the Chief Executive of IBEC in Ireland. Governments in East Africa will unveil their budget spending plans this week as the region struggles to recover from the impact of coronavirus. We hear from the BBC's Michael Kaloki in Nairobi and Razia Khan who follows the fortunes of economies in Africa for Standard Chartered Bank. A team of researchers in the UK has revealed that we usually only preserve the main gist of an event, because our memories become less detailed over time; we hear from Professor Maria Wimber, from the University of Glasgow, who's the lead author of the report. Independent economic commentator Michael Hughes tells us why China's yuan currency has continued to gain in value against the US Dollar.

  • G7 nations 'millimetre away' from tax deal for tech companies

    04/06/2021 Duración: 12min

    France and Germany's finance ministers said an agreement on a global minimum tax rate was very close. We have a round-up of the latest news from the G7 summit, and hear from Tove Maria Ryding from European Network on Debt and Development for her take on the plans. Plus, we speak to the COO of Boom Supersonic, Kathy Savitt, on the return of supersonic passenger air travel following the news that United Airlines has ordered 15 aircraft from the company. And Chris Low of FHN Financial in New York brings us up to date on the US job figures.

  • Tax shake-up on the table at G7 meeting

    04/06/2021 Duración: 27min

    Finance Ministers from some of the world's biggest economies are meeting in London, and on the table discussions for a major shake-up of how companies are taxed globally. We hear from Tove Maria Ryding from European Network on Debt and Development for her take on the plans. Also on the programme, the BBC's Mike Johnson takes an extended look at the issue of where our plastic recycling waste, really ends up. We'll ask whether supersonic passenger air travel is really set to make a return, with the help of Professor Keith Hayward from the UK's Royal Aeronautical Society. And we're in the front row as Nigerian musicians finally get back in front of a live audience again.

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