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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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27:18

Musk v OpenAI: ideology or money?

World Business Report ·

2024/03/01

Elon Musk is suing OpenAI, the makers of ChatGPT, arguing it has breached the principles he agreed to when he helped found it in 2015.The lawsuit - which has also been filed against OpenAI boss Sam Altman - says the firm has departed from its original non-profit, open source mission.Musk says that instead of trying to "benefit humanity" - as it was set up to do - OpenAI is focusing on "maximising profits" for major investor Microsoft. Also in the programme, we will talk about offices which been

27:23

Poland says restrictions to Ukrainian food products...

World Business Report ·

2024/03/01

The Polish Agriculture Minister, Czeslaw Siekierski, tells World Business Report that Ukraine will be compensated for the grain destroyed by farmers during protests.Fuel prices in Cuba rise by five times after the government reduces subsidies amid a severe economic crisis. We get the latest from Havana. And Elon Musk is suing Open AI and its Chief Executive Sam Altman because he claims the company has abandoned its mission to develop artificial intelligence for the benefit of humanity, not

27:24

Why junior doctors in South Korea are fighting for...

World Business Report ·

2024/02/29

South Korea is dealing with another day of a doctors' strike. Most junior doctors there have so far defied a government order to return to work by the end of Thursday, despite the threat of legal action. About eighty percent of junior doctors walked out last week in protest against a decision to sharply increase the number of medical school places. They say training more doctors could lower the quality of medical school education and reduce pay. The authorities say the increase will address

27:02

US to investigate if Chinese electric cars pose...

World Business Report ·

2024/02/29

President Joe Biden says he worries these vehicles might gather data on US citizens and infrastructure and send it to China. How will this affect the already strained US-China relations? We find out. India’s GDP grew by more than 8% in the final three months of 2023, beating all forecasts by economists. We look into the impact this can have in this year's elections. The number of people out of work in Germany increased more than expected in February. We hear how a slowdown in Europe's largest

27:26

Boeing has 90 days to fix safety concerns

World Business Report ·

2024/02/28

US aviation regulators have given Boeing 90 days to come up with a plan to fix safety problems, this comes after a door panel blew off the 737 Max aircraft last month. Sam Fenwick will be hearing what the regulators are recommending. We look at if the merger of Disney and Reliance could create a media powerhouse big enough to rival Netflix and other streaming networks. And the woman at the centre of one of the biggest US political scandals teams up with a major Fashion brand.

27:18

South Korea: Birth rate falls to new record low

World Business Report ·

2024/02/28

Economic incentives fail to boost population in the nation with the lowest fertility rate in the world. We find out why more South Koreans are deciding not to have children. Country Garden, the largest private property developer in China, is facing a winding-up petition filed in Hong Kong by a creditor. We look into the details. And Apple has reportedly cancelled its plans to build electric vehicles after a decade working on the them. We hear about the reasons that may have led them to drop the

27:05

Michigan presidential primary election

World Business Report ·

2024/02/27

As the people of Michigan head to the polls to choose their candidates for the up-coming US election. Sam Fenwick will be looking at what drivers the states economy. We get the latest on why Nigeria is experiencing the worst economic crisis in a generation as inflation continues to soar. And the Geneva Motor Show is now taking place in the Swiss town for the first time since the Covid outbreak.

27:25

Nigerians take to the streets over soaring food and...

World Business Report ·

2024/02/27

Trade unions begin two days of protests across the country against president Bola Tinubu's economic reforms. We find out what is happening in Africa's largest economy. Japan's population declined by nearly one million people last year, as the ageing of society gathers pace. We look into the factors that are fuelling this population crisis. And as the Cigar Festival takes place in Cuba, we get the latest on this luxury industry.

27:26

Ukrainian grain destroyed near Polish border

World Business Report ·

2024/02/26

As farmer protests in Europe continue, Polish farmers have directed their anger towards Ukraine. Around 160 tons of Ukrainian grain have been destroyed in Poland. Farmers there say that they face unfair competition from Kiev. Sam Fenwick will be hearing how the financial loss is small compared with what it symbolises. Despite a heavy loss in the South Carolina primary, money is still rolling in for Nikki Haley's bid for the White House. We hear from one of her donors. Meanwhile a billion-dollar

27:25

Farmers protest across Europe

World Business Report ·

2024/02/26

European farmers complain about what they say is unfair competition from outside the EU and demand action against red tape and low prices. We look at what EU leaders can do to appease the demonstrators. The Irish airline Ryanair warns it will have to raise prices due to aircraft shortages caused by delays on Boeing deliveries. We get the latest. And two big media companies are set to merge to create a new mega-media company in India. We find out why they're joining forces.

27:28

Nvidia earnings lift global markets

World Business Report ·

2024/02/23

Chipmaker Nvidia has lifted its earnings to new record levels. Does this suggest a wider boom amongst companies in this sector?The US and the European Union have each announced new sanctions on Russia on the second year anniversary of the conflict with Ukraine. We examine whether they making a difference.AND Germany becomes the latest country to make cannabis use legal. Could the move lead to the emergence of a legal profitable cannabis market?

27:28

Ukraine and Russia, two years on

World Business Report ·

2024/02/23

The United States has imposed fresh sanctions on Russia on the eve of the second anniversary of the invasion of Ukraine.So what impact will they have? And how are Ukraine's people and its economy faring two years on?Devina Gupta talks to Irina, a Ukrainian businesswoman who started a new life in the UK.And she hears from an Ukrainian chicken producer about what it's like to keep going in a war zone.

27:25

Shares in chipmaker Nvidia see huge surge in global...

World Business Report ·

2024/02/22

Nvidia shares are on the up, after an extraordinary set of earnings results. Revenues surged 265% in the three months to 28 January. We examine the reasons behind the chipmakers success.Research from the US reveals roughly half of college graduates end up in jobs where their degrees aren’t needed. The study tracked the career paths of more than 10 million people who entered the job market over the past decade.And a spacecraft owned by a private US company is attempting an historic moon landing. If

27:11

The economics of IVF

World Business Report ·

2024/02/22

A ruling from the Alabama Supreme Court that frozen embryos are considered children, and that a person could be held liable for accidentally destroying them, has opened up a new front in the US battle over reproductive medicine.We hear how it could affect Alabama’s fertility clinics.Also, in the programme, we will hear about about the company driving a global stock market rally.

27:18

Biden strengthens cybersecurity at U.S. ports

World Business Report ·

2024/02/21

The US government is announcing a series of actions to strengthen the cybersecurity of U.S. ports the move is aimed at targeting Chinese cyber-attacks. Ed Butler will be finding out what kind of plans are being put in place. We also take a look at Sir Jim Ratcliffe the new co-owner of Manchester United as his one and a quarter billion pound deal has been completed.And the world’s biggest mining project has been approved in West Africa.

27:26

South Africa’s election year budget

World Business Report ·

2024/02/21

South Africa faces several challenges with an economy that has barely grown in more than a decade amid rolling power cuts and problems with its railways and ports as it gears up for national elections on May 29.Finance Minister Enoch Godongwana in his budget speech was under pressure to curtail the government's growing budget deficit while also maintaining spending, and keeping taxes low, in order to not put voters off.Also, in the programme we will talk about Indian farmers protests and will find

27:22

South Africa has the highest unemployment rate in the...

World Business Report ·

2024/02/20

South Africa is heading back to the polls on May 29th. The news comes on the same day that the country revealed its unemployment numbers - officially the world's worst. Ed Butler will find out what's behind the latest rise in unemployment. President Joe Biden may be languishing in the opinion polls, but he's winning some impressive results in campaign donations. Could finance be the key to his re-election bid? And hacking the hackers we hear how the police may have brought down one of the world's

27:10

Another day, another protests

World Business Report ·

2024/02/20

Another day, another protests. Polish farmers are staging protests against cheap Ukrainian grain flooding the market and EU regulations on pesticide and fertiliser usage. Ukrainian President Volodymyr Zelensky said the protests demonstrated the "daily erosion of solidarity" with Ukraine. We will hear from Ukrainian grain farmer who's exporting his product to Europe. Also, in the programme, we will find out why over 6 000 doctors resigning in South Korea and how The People’s Bank of China is helping

27:20

Houthi attacks three months on

World Business Report ·

2024/02/19

The crew of a Belize-flagged, British-registered cargo vessel have abandoned ship off Yemen after it was hit by missiles fired by the Houthi movement. Ed Butler will be finding out the latest. Also in the show, we look at the latest surging protests over spiralling inflation in Nigeria. And a billionaire tells us about his passion for collecting sneakers - and why he's selling them off for charity.

27:26

Gaza conflict takes heavy toll on Israel's economy

World Business Report ·

2024/02/19

The Hamas attacks of 7 October 2023 led to major reductions in household spending and business investment in Israel. We also assess what the Houthi Red Sea attacks mean for global shipping. Also, in the programme, our presenter Devina Gupta finds out why Paytm's digital wallet in India at risk; and how rising inflation in Nigeria is impacting businesses.

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