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PODCAST

Business

FRANCE 24 English

A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.

business

All Episodes

00:03:35

Venezuela's damaging dependence on its oil industry

Business ·

2024/07/29

As Venezuela's opposition contests the re-election of President Nicolas Maduro, we take a closer look at the South American country's economic challenges. Hyperinflation, which reached a peak in 2019, may have subsided but it has underlined issues with wealth inequality and dependence on the oil sector. In addition, Caracas is carrying a massive foreign debt load of around $150 billion.

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00:05:22

Samsung union calls for 'indefinite strike' for...

Business ·

2024/07/10

At the conclusion of a three-day walkout, workers at Samsung Electronics in South Korea announced they would continue their industrial action with an "indefinite strike". Among other demands, the 30,000 strong labour union is asking for a 3.5 percent increase in base wages. The strike is happening as the company's profits are expected to increase 15-fold annually amid a global boom in demand for advanced chips to fuel the Artificial Intelligence revolution.

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00:05:08

Wind power becomes bigger source of electricity than...

Business ·

2024/07/09

American energy generation is getting cleaner, with wind power becoming a bigger source of electricity in the US than coal.The Panama Canal’s administrator is building a billion-dollar water reservoir to compensate for drought. Jerome Powell tells lawmakers that keeping interest rates elevated for too long could jeopardise economic growth. Plus, the "summer camp for billionaires" kicks off this week.

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00:05:44

Milei's absence from Mercosur presidential summit...

Business ·

2024/07/09

South American free trade bloc Mercosur held its presidential summit on Monday in Paraguay without Argentina's President Javier Milei, who was in Brazil for a conference of Latin American conservatives. The snub was slammed as "complete foolishness" by Brazil's leader Luis Inacio Lula da Silva and underlines the political frictions within the bloc. In this edition, we take a closer look at some of the challenges Mercosur has faced and also head back to France to see what businesses and workers think

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00:04:31

Euro and French bonds slide as markets react to...

Business ·

2024/07/08

After the New Popular Front left-wing alliance won the largest number of seats in France's National Assembly, investors have been assessing what this might mean for the French economy. In this edition, we look at what the market reaction to the surprise result has been and take a closer look at the New Popular Front's economic programme.

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00:07:22

Economic turmoil in Bolivia fuels distrust in...

Business ·

2024/07/02

Bolivia's president thwarted an attempted coup last week. But as a political feud continues between rivals, the country's deepening economic crisis and President Luis Arce's refusal to admit there is one, are fuelling public distrust in the government. But first, with the Olympics just around the corner, hotels in Paris are facing a decline in occupancy rates as worries over price hikes and restrictions keep many tourists away.

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00:05:04

Paris hospitality sector faces tourism slump ahead of...

Business ·

2024/07/02

Hotel occupancy rates in the French capital are well below average, as bad weather combines with Olympics-related transport hassles and price hikes to keep summer tourists away. Also, President Emmanuel Macron's planned unemployment insurance reform becomes the latest casualty of France's political upheaval – we take a closer look.

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00:05:20

EU charges Meta with violating competition rules

Business ·

2024/07/01

European antitrust regulators have charged Meta with violating the EU's competition law. Brussels has found Meta's new "pay or consent" advertising model in breach of the Digital Markets Act, which is designed to ensure fair competition and rein in the power of Big Tech. Plus, French shares soar after the far-right National Rally won the most votes in Sunday's first round of legislative elections, despite projections pointing to a hung parliament.

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00:06:15

French stocks jump in post-election relief rally as...

Business ·

2024/07/01

Paris's CAC 40 index jumps at the open after losing more than 6 percent last week, as investors calculate the possibility of a hung parliament in Europe's second-largest economy. Plus, we take a closer look at France's public debt and the spending plans of the far-right National Rally and the left-wing New Popular Front coalition.

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00:06:47

Tax the super-rich, says new report commissioned by...

Business ·

2024/06/26

In a new report, commissioned by Brazil for its G20 presidency, French economist Gabriel Zucman says an international scheme to impose a global minimum tax on the world's richest individuals is technically feasible and that a 2% wealth tax on 3,000 billionaires could generate more than 200 billion dollars in revenue. Plus, the summer sales have kicked off here in France. But the month-long period isn't as successful as in the past, when promotional sales were more restricted.

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00:06:29

France's major parties trade barbs over economy in TV...

Business ·

2024/06/26

Ahead of the first round of voting in legislative elections on June 30, top representatives of France's major parties and alliances took part in a televised debate on Tuesday night. In this edition, we take a look at the proposals and arguments put forward by the National Rally, the New Popular Front and President Emmanuel Macron's ruling "Together" coalition. Front and centre were issues relating to purchasing power, fiscal discipline and pensions.

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00:07:12

Kenya's president says debate on a controversial tax...

Business ·

2024/06/25

Kenya's president William Ruto has vowed to restore calm "at whatever cost" after protesters stormed parliament and security forces opened fire, saying the debate over a controversial new tax bill has been 'hijacked by dangerous people'. The finance bill has failed to appease protesters even after the government backtracked on some of the initial proposals. Plus, Tesla has recalled more than 11,000 of its futuristic Cybertrucks over issues with windshield wipers and exterior trim.

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00:06:08

China's Li hits back at Western accusations of unfair...

Business ·

2024/06/25

In a speech at the World Economic Forum in China on Tuesday, Premier Li Qiang hit back at criticism from the US and EU that its manufacturers of green technologies benefit from an unfair advantage. His speech comes as Canada could impose higher tariffs on Chinese electric vehicles, following in Washington and Brussels' footsteps. Meanwhile, we report on how Chinese electric cars are making gains in other markets, such as Nepal.

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00:05:46

US prosecutors want Boeing to face criminal charges

Business ·

2024/06/24

According to media reports, US federal prosecutors are recommending that the Department of Justice bring criminal charges against Boeing. They say the planemaker violated a deal that shielded it from prosecution over two fatal crashes involving its 737 MAX jets. Plus, Apple has become the first tech giant to be charged under the EU's Digital Markets Act. The firm is accused of imposing unfair restrictions on developers in its App Store.

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00:07:06

French political parties grilled by business leaders...

Business ·

2024/06/20

Representatives of major parties in the upcoming snap French legislative elections have pitched their economic plans at a meeting of France's top employers' federation, with the leftist New Popular Front coalition and the far-right National Rally delivering starkly different visions. FRANCE 24's Bryan Quinn takes a closer look.

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00:06:10

EU Reprimands France and six others over budget deficit

Business ·

2024/06/19

The European Commission has recommended disciplinary action against France along with Belgium, Italy, Hungary, Malta, Slovakia and Poland, for running excessive budget deficits.The EU treaty requires member states to keep public debt below 60% and deficits below 3% of GDP. Plus, Nvidia has overtaken Microsoft to become the world's most valuable company, with 3.3 trillion dollars in market cap.

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00:06:52

'You need to face the Chinese competition,' Citroën...

Business ·

2024/06/19

As French carmaker Citroën launches a new compact SUV, FRANCE 24 speaks to its CEO. Thierry Koskas, who has been at the helm of the Stellantis-owned brand since March 2023, tells us about competition on the European market, and how his firm didn't take into account any duties imposed on Chinese electric vehicles when developing its latest electric models. He also comments on the difficulties the company is facing in organising a massive recall of cars with faulty airbags.

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00:06:20

Boeing CEO apologises to families of fatal 737 MAX...

Business ·

2024/06/18

Boeing's CEO David Calhoun has testified at a US Senate subcommittee investigating the planemaker's "broken safety culture". Relatives of some of the 346 victims of two fatal crashes involving the Boeing 737 MAX also attended the hearing and heard the CEO directly apologise to them, while the panel grilled him about his plans to fix Boeing's manufacturing problems. FRANCE 24's Yuka Royer speaks to aviation and tourism expert Anita Mendiratta about the importance of whistleblowers.

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00:05:57

Political risk weighs heavily on French business climate

Business ·

2024/06/18

France's leading CAC 40 stock index made small gains at the open this Tuesday after suffering its worst week of trading since March 2022. As FRANCE 24's Bryan Quinn explains, the fallout from President Emmanuel Macron's decision to call snap elections continues to be felt across the country's business landscape, with many companies holding off on big decisions until after the polls. Also in this edition, Toyota's shareholders vote to keep Akio Toyoda as chairman despite a certification fraud

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00:07:04

Despite being climate conscious, Gen Z struggle to...

Business ·

2024/06/17

Generation Z desperately want to be eco-friendly and to work for a company with good climate credentials. But a new survey by LinkedIn has found that only one in 20 GenZers have the "green skills" needed to tackle the climate crisis. FRANCE 24's Yuka Royer speaks to Sue Duke, LinkedIn's Head of Global Public Policy, about the social network's latest findings.

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