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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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27:33

South Africa's economy braces for elections

World Business Report ·

2024/05/27

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.

26:28

Dealing with Africa's debt

World Business Report ·

2024/05/27

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

26:12

Weight-loss drug producer invests $5.3 billion in...

World Business Report ·

2024/05/24

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

27:36

Inside the Ukraine economy

World Business Report ·

2024/05/24

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.

26:23

US regulators sue Live Nation

World Business Report ·

2024/05/23

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

27:35

The German economy looks like it's in trouble

World Business Report ·

2024/05/23

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.

26:29

UK General Election called for July 4th

World Business Report ·

2024/05/22

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.

26:31

UK inflation edges down, but are people feeling it?

World Business Report ·

2024/05/22

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.

26:27

EU agreement to use Russian assets to help Ukraine

World Business Report ·

2024/05/21

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

26:28

EU approves landmark AI rule

World Business Report ·

2024/05/21

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.

26:28

What next for Iran after President Raisi's death?

World Business Report ·

2024/05/20

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.

26:17

Challenges for Taiwan's new president

World Business Report ·

2024/05/20

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.

26:28

Boeing: Shareholders approve $33 million package for...

World Business Report ·

2024/05/17

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

26:26

Country Garden: can the company survive?

World Business Report ·

2024/05/17

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.

26:27

Baltimore Bridge Collapse Update

World Business Report ·

2024/05/16

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

26:25

How close is the friendship between Russia and China?

World Business Report ·

2024/05/16

Chines leader Xi Jinping has been rolling out the red carpet for the Russian President Vladimir Putin during his two days visit. A Large portion of the meeting focused around the two countries' trade relationship. What do these two huge economies want from each other?Also, in the programme, Sam Fenwick looks at Kenya where the government announced a new tax policy that will increase the price of staples like bread, mobile phone data and money transfers.

26:26

President Putin in China to boost strategic ties

World Business Report ·

2024/05/15

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.

26:29

Latvia banking chief: frozen Russian assets could...

World Business Report ·

2024/05/15

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.

26:28

US announces tariffs on a range of Chinese imports

World Business Report ·

2024/05/14

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

26:29

Biden calls for rising tariffs on Chinese imports

World Business Report ·

2024/05/14

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.

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