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Business Daily

BBC World Service

The daily drama of money and work from the BBC.

business

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18:16

How to spot a diamond

Business Daily ·

2023/11/21

When is a diamond really a diamond? When it’s been formed miles underground a billion years ago, or when has it been created in a laboratory, under temperatures close to the heat of the sun? The answer is – both are true. They look and behave exactly the same, but they are very different in price. The lab-grown diamonds are marketed as kinder to the environment, and they are far cheaper - and that’s led to concern about whether the two kinds have been mixed together, with man-made stones passed off

18:01

Disruption in the diamond sector

Business Daily ·

2023/11/20

A few years ago you could have assumed all diamonds had been dug out of the ground – but now it’s true that some of them have been created, at unbelievably high temperatures, in just a matter of weeks. In the first of two Business Daily programmes about the evolving diamond market, Lesley Curwen heads to the glamorous jewellery district of Hatton Garden in London – to see how the jewellery world is being re-shaped by the mass production of laboratory-made stones.We hear from India how they’re

18:19

Business Daily meets: Cycling boss Doug Ryder

Business Daily ·

2023/11/17

The South African former pro rider set up his cycling team in 2007. As MTN Qhubeka they became the first-ever African registered team to ride the Tour de France.He talks about the challenges of putting together a team from scratch - and the steep learning curve he faced moving from cycling to managing.After a successful stint on the world stage, a combination of financial and sponsorship problems lead to the team, which by then had gone through multiple name changes, being disbanded in 2021.Doug

18:06

Argentina goes to the polls

Business Daily ·

2023/11/16

There are two candidates: one is the current economy minister who has a wealth of experience in power; the other is a maverick libertarian economist who wants to ditch the country’s currency, the peso, and strip the central bank of its ability to print money.We speak to his senior economic advisor, and also to a wine producer from the western province of Mendoza, who tells us about the challenges of doing business in a country with two exchange rates, severe restrictions on imports, a heavy tax

18:18

Biden and Xi to meet in San Francisco

Business Daily ·

2023/11/15

We’re looking ahead to the meeting between Presidents Joe Biden and Xi Jinping in San Francisco – the first time the two leaders will have met in 12 months. Diplomatic ties between Washington and Beijing have deteriorated this year, with tensions rising over Taiwan and the South China Sea. Meanwhile, there’s been a tit-for-tat trade spat over semiconductors and raw materials. As the presidents meet on the side lines of the APEC summit, Vivienne Nunis takes stock of the relationship between the

18:11

The classic cars going electric

Business Daily ·

2023/11/14

Some owners are converting their vehicles into EVs. The idea is to boost the performance of these cars and make them ready for a green future. The process is not cheap - it requires specialists who can retain the vintage value of these cars while fitting them with a modern electric engine. Critics feel that such a transition takes away the emotional and engineering legacy of these vehicles. So we travel across the UK to find out about the challenges and the future of this niche business that is

18:21

How has war changed the lives of Ukraine’s working...

Business Daily ·

2023/11/13

The Russian invasion of Ukraine in February 2022 saw millions of Ukrainian women and children flee to safety; causing massive upheaval and hitting the economy hard.For the women who have stayed, their lives have been transformed; many have taken on new roles, like Tetiana, who is now working underground in a coal mine, and Evgeniya, who is now a sniper on the frontline.Others, like Alina Kacharovska, have managed to grow their businesses; in this case, shoes and accessories, or are stepping into

18:41

Business Daily meets: Silvina Moschini

Business Daily ·

2023/11/10

The Argentinian-American tech entrepreneur moved to the US in 1997 and carved out a career in the corporate world before breaking free and setting out on her own. In late 2020, the remote working company TransparentBusiness, which she co-founded 12 years earlier, achieved a $1bn valuation. Now she continues to push for gender and racial equality in the workplace, is an investor on the TV show Unicorn Hunters, and has also established a new asset-backed cryptocurrency. She explains her journey,

21:43

Last orders for the Irish pub?

Business Daily ·

2023/11/09

Fears are growing for the future of the country's bars - especially in rural areas.In less than 20 years almost a quarter of Irish pubs have closed, many of them businesses which have been run by the same family for generations. RRussell Padmore travels across the Emerald Isle to hear how the closure of pubs is a setback for rural communities, but also a worry for the country’s tourism industry. We hear from owners of pubs in County Donegal, a beer brewing company and a hospitality sector expert in

18:44

Caste bias in corporate America

Business Daily ·

2023/11/08

There is a growing debate in the US about the caste system - an ancient social ranking system where the community you are born into determines what kind of job you do, who you marry, and much more. The caste system in India dates back over 3,000 years and divides Hindu society into different social strata. In many South Asian countries, it is outlawed. But members of the South Asian diaspora in the US say this type of caste bias persists, and there is often very little protection at workplaces

18:14

The Chinese migrants trying to get into the US

Business Daily ·

2023/11/07

We travel to South America to meet the Chinese migrants who are making their way to the United States using an unexpected route - the established migrant trail through South and Central America to the southern border with Mexico. Citing economic challenges at home - and using inspiration from social media - a growing number are making this perilous trek. Reporter Shawn Yuan travels along the route speaking to migrants about their journey and their aspirations for the future. Presenter: Shawn

17:42

Saudi Arabia's multi-billion dollar football...

Business Daily ·

2023/11/06

The Saudi Pro League has attracted some of the top players from around the world - with transfer fees and salaries amounting to millions of dollars.We travel to Saudi Arabia to look at the country's ambitious plan to become a global football powerhouse - is it an economic move or simply sportswashing?With Saudi Arabia now it's looking set to be confirmed as the host of the World Cup in 2034, we look at its relationship with football.Presenter: Sameer Hashmi(Image: Saudi football club Al Hilal

18:42

Business Daily meets: Babbel CEO Arne Schepker

Business Daily ·

2023/11/02

Have you tried learning a language online? We explore the growth of language learning platforms with Babbel CEO Arne Schepker, and how the Covid pandemic lead to an increase in learning digitally.Mr Schepker explains how more international working and personal relationships has led to an increase in demand. And how smartphones and the internet have changed that age-old aspiration of gaining fluency in another language.Presenter: Dougal Shaw(Image: Arne Schepker. Credit: BBC)

18:42

Why is the French wine industry struggling?

Business Daily ·

2023/11/02

The region of Bordeaux in the south-west of France is perhaps the most famous wine-producing area in the world. But it’s struggling. While the prestigious, most expensive wines – Saint-Émilions, Pomerols and Margaux are selling well, others are not.For the producers of the 850 million bottles of the region's famous red wine, it’s a difficult time due to a major decline in consumption.We look at the reasons for this, the impact it’s having, and what winemakers are doing to help protect their

18:15

The Crypto King and the journalist

Business Daily ·

2023/11/01

Sam Bankman-Fried, the American crypto entrepreneur who went from billionaire to bankrupt, is on trial in New York for fraud. The 31-year-old who founded the cryptocurrency exchange FTX is accused of lying to investors and lenders. He has denied those charges, and instead says he was acting in good faith but made mistakes. He says he never set out to defraud anyone. In the coming days, 12 jurors will decide his fate - he could face a life sentence in prison if convicted. Vivienne Nunis speaks to

18:16

Spook-onomics: the global boost of Halloween

Business Daily ·

2023/10/31

Trick or treat and other traditions are now at the centre of a global multi-billion business. The ancient Celtic and Pagan festival, which started thousands of years ago in Ireland, was taken by emigrants to North America, where it was turned into a major annual event. The National Retail Federation in the US tells Russell Padmore how spending by consumers is forecast to be a record of more than $12bn. Jadrain Wooten, an economist at Virginia Tech, says the sales promotions for Halloween are getting

18:15

The electric car race

Business Daily ·

2023/10/30

Countries around the world are racing to achieve targets on the ban of new petrol and diesel cars - but they are hitting stumbling blocks, meaning some are pulling back on their commitments. Although global sales of electric cars are rising, some countries are struggling to persuade drivers to make the switch. Reasons given include insufficient or unsuitable charging points, and the price tag: criticism is often put to governments that the shift to electric cars is hardest for the least well off.In

18:24

Elon Musk's X: The Twitter takeover a year on

Business Daily ·

2023/10/26

After many months of news headlines about whether Elon Musk was going to buy Twitter, he eventually completed the purchase on 27 October 2022. Since then, the company’s been through some big changes; laying off most of its 8000 employees, a rebrand to ‘X’, and reinstating some previously banned accounts on the platform. Mr Musk describes himself a free speech absolutist and says he bought Twitter – now called X - to create a space where “a wide range of beliefs can be debated in a healthy manner.”

18:23

Business Daily meets: Akinwumi Adesina

Business Daily ·

2023/10/25

In 2015, Akinwumi Adesina was elected President of the African Development Bank (AfDB), and since then he's become a symbol of optimism across the continent. How did he become known as Africa's "optimist-in-chief"?In this edition of Business Daily, Dr Adesina tells Peter MacJob what has shaped him as an economist, his outlook for the continent and how Africa could determine the future of renewable energy and green minerals.He says the international financial architecture should be more inclusive and

18:17

Short Stories: The amateur trader

Business Daily ·

2023/10/23

Short selling has gone mainstream. Inspired by the noisy success of activist short sellers, amateur investors are now trying this highly risky strategy themselves.They’re aided by a slew of new trading apps making it possible to short a stock or currency in seconds.Peter Roscoe is a YouTube investing vlogger who’s experienced the highs and lows of short selling.We also hear from the UK boss of trading app E-Toro – who says shorting has exploded on the platform.Producer: Ciaran Tracey Presenter:

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