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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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26:21

Hurricane Beryl hits Jamaica

World Business Report ·

2024/07/03

Hurricane Beryl has hit Jamaica, bringing with it catastrophic damage. A number of people have already been killed in the path of the storm, including in Grenada, as well as St Vincent and the Grenadines. Devina Gupta talks to local business owners and finds out how climate change is impacting insurance companies across the globe. Also, in the programme, we talk to Austin D. Goolsbee, president of the Chicago Federal Reserve. We also take a look at the UK’s general election and one of the big voter

26:28

UK general election 2024

World Business Report ·

2024/07/03

The UK is less than 24 hours away from polls opening in a landmark general election. The next government will inherit a low growth economy and a complicated relationship with its biggest trading partner, the European Union. Waiting lists within the National Health Service, and rise in the cost of living have been among the major issues during the campaign.

26:29

President Joe Biden has called on major drug...

World Business Report ·

2024/07/03

President Joe Biden has called on major drug companies to cut the price of weight loss medication Hurricane Beryl, a category 5 storm is heading towards Jamaica. We hear more from disaster modeller Enki Research And Jayson Tatum will sign a five-year deal, worth $314 million dollars with the Boston Celtics, making it the largest contract in NBA history.

26:28

Energy chief issues stark warning

World Business Report ·

2024/07/02

The head of IEA Dr Fatih has told World Business Report that unless the thousands of currently operating coal plants around the world are retired early the world has zero chance of keeping global warming within 1.5 degrees. He speaks exclusively to Rahun Tandon on this issue.Sri Lanka is set to save $5 billion following a restructure of its bilateral debt, much of which is owed to China. A deal has been reached to cut the interest rates Sri Lanka pays.And people in the United Kingdom are getting set

26:57

Victims lawyers say Boeing must pay $240 million fine

World Business Report ·

2024/07/01

Lawyers representing family members of victims tragically killed in the Boeing plane crash say they will be offered financial compensation. Rahul Tandon speaks to Paul Njoroge who lost his family in an Ethiopian plane crash.Plus, we get French market reaction to the first round of the country's elections....and South Africa's new cabinet is announced - what will be first on its economic to-do list?

26:28

US Supreme Court strikes down 40-year Chevron precedent

World Business Report ·

2024/06/28

In a 6-3 vote, the US Supreme Court killed a legal precedent that conservatives have attacked for decades, known as the "Chevron deference". The court decided in 1984 that judges should defer to federal agencies in interpreting ambiguous parts of statutes. However, from now on the courts alone will decide. Roger Hearing speaks to our reporter Nada Tawfik who tells us more about the Chevron Deference and a scientist who is among those opposing the judgement.As Iran votes in a new president, what are

26:28

Argentina’s Javier Milei wins senate approval for...

World Business Report ·

2024/06/28

President Javier Milei’s plans to slash public spending has been approved by Parliament. Devina Gupta speaks to reporter Natalio Cosoy based in Argentina about what this controversial approval could mean for ordinary citizens.We head to India's capital city - Delhi which has seen its highest rainfall in over 80 years.And find out how investors are reacting to two big upcoming elections - the US and France.

26:29

US courts block Purdue Pharma settlement

World Business Report ·

2024/06/27

The Supreme Court has blocked a $6bn settlement that shielded the Sackler family, who own Purdue, from future legal action. The pharmaceuticals company is widely blamed for the US opioid crisis. We dig into what the ruling means.Meanwhile, we speak to two executives heading the $2bln Korean company behind "webtoons", which has just launched on the Nasdaq stock exchange. And India's government looks into reports that iPhone maker Foxconn is excluding married women from working at its main

26:27

Kenya faces renewed protests

World Business Report ·

2024/06/27

We head to Kenya where a day after President Ruto rolled back controversial tax increases, young protestors are still out on the streets . As police fire tear gas to try and disperse crowds, Devina Gupta finds out what the impact has been on daily life and businesses. Also, how families in Zambia are struggling with rising costs, driven by a prolonged drought. From the US - what to expect in the first presidential debate today, and why pharmacy chain Walgreens is shutting a significant number of

29:00

Bolivia faces attempted coup

World Business Report ·

2024/06/26

In Bolivia, factions of the military have attempted to enter the presidential palace in what's being described as an attempted coup. We dig into what might be behind the movement.Elsewhere, Roger Hearing looks at the latest in Kenya following deadly riots. And we hear from the Dubai boss of one of the world's largest free trade areas, who has defended its policy to continue trading even with countries locked in conflict.

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.

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