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World Business Report

BBC World Service

The latest business and finance news from around the world, on the BBC.

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26:28

Kenya’s President Ruto refuses to sign finance bill

World Business Report ·

2024/06/26

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

26:29

Protesters in Kenya angry over tax rises

World Business Report ·

2024/06/25

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.

26:31

The music industry takes on AI

World Business Report ·

2024/06/24

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.

26:13

What the cost of the slave labour?

World Business Report ·

2024/06/21

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.

25:57

Travel agents under pressure after Hajj deaths

World Business Report ·

2024/06/21

We look into the booming religious tourism sector and its challenges, amid hundreds of pilgrim deaths in Saudi.Elsewhere, Rob Young looks into the latest US inflation data and asks why a former football star is turning his eye to African fintech.

26:27

Why is inflation so stubborn in the United States?

World Business Report ·

2024/06/20

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.

26:29

A tit for tat over trade between Europe and China?

World Business Report ·

2024/06/20

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.

26:25

Five hundred and fifty pilgrims have died during...

World Business Report ·

2024/06/20

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 MeccaIn 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?

26:32

Car giant Citroen talks up plans to take on China

World Business Report ·

2024/06/19

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.

26:23

Nvidia becomes the world’s most valuable company

World Business Report ·

2024/06/19

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.

26:28

Russia and North Korea's growing economic bond

World Business Report ·

2024/06/18

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

26:27

Calls for warning labels on social media sites

World Business Report ·

2024/06/18

United States Surgeon General, Dr. Vivek Murthy, has called for a warning label to be placed on social media platforms advising of the damage to adolescents’ mental health. We hear from a whistleblower on his experiences of working in a social media company. Our colleague Ed Butler explores ‘over tourism’, where locals feel left out of tourist hotspotsAnd The Pixar film Inside Out 2 has dramatically exceeded ticket sales predictions on its opening weekend, bucking a trend of poor performances from

26:26

Thomas Piketty on France’s elections

World Business Report ·

2024/06/17

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

55:24

G7 leaders threaten China with further sanctions over...

World Business Report ·

2024/06/15

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

26:24

Will entrepreneurship fix South Africa's economy?

World Business Report ·

2024/06/14

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

26:27

How South Africa's unity government will change the...

World Business Report ·

2024/06/14

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.

26:28

Supreme Court backs Starbucks on workers’ rights

World Business Report ·

2024/06/13

The U.S. Supreme Court has backed Starbucks challenge to a judicial order to rehire seven Memphis employees. They were fired asthey 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

26:11

G7 summit: What "important decisions" are being made?

World Business Report ·

2024/06/13

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

26:28

The US Federal Reserve hold rates, but signal one to...

World Business Report ·

2024/06/12

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

26:46

EU set import tariffs of up to 38% on Chinese EVs

World Business Report ·

2024/06/12

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

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