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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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26:29

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

26:27

Support grows to rebuild Ukraine

World Business Report ·

2024/06/11

German Chancellor Olaf Scholz has opened the latest international donors’ meeting to help rebuild Ukraine. During the conference, Ukrainian allies promised to support the protection of its cities from Russian missiles, while Mr. Scholz urged international businesses to put their faith and money into post-war reconstruction.The Mexican peso takes another tumble. It's fallen nearly 10 percent in a week. Sam Fenwick talks to one of the country's former deputy finance ministers about what's scaring

26:29

Who is investing in Ukrainian post-war reconstruction?

World Business Report ·

2024/06/11

At the international conference on the country’s long-term reconstruction EU leaders announced agreements with banks worth 1.4 billion euros ($1.5 billion) to help attract private investment for Ukraine at a conference in Berlin.Investors are going to offer a business case for investing, and talk up Ukraine's potential in sectors including renewables, IT and pharmaceuticals.Also, Rahul Tandon finds out why a court in the US has ordered one of the world's biggest banana producers to pay nearly $40

26:28

Apple joins the AI race

World Business Report ·

2024/06/10

From Apple iPhone’s to Call of Duty 6 we have blockbuster names from the world of tech for you today - including a controversial plan to sell the new video game via a subscription model. How will that work? Also today, we hear from a former Indian finance minister about the challenges facing the new one as Prime Minister Narendra Modi starts a third term in office. And we consider BP's plan to make all its employees come clean about their workplace love affairs.

26:23

EU elections shakes economy

World Business Report ·

2024/06/10

European stocks fell on Monday as traders reacted to initial results from the EU Parliament elections and the surprise call for parliamentary elections by French President Emmanuel Macron. Rahul Tandon finds how an early EU election results indicate that populist, far-right parties could have a bigger hand in European policymaking and affecting economy. Also, in the programme, we are talking about Japanese carmakers crisis and finds out why India is returning to a coalition government.

26:28

Samsung union takes rare strike action

World Business Report ·

2024/06/07

Union workers at Samsung Electronics are holding the first ever strike in the company's five decade history. We find out why, and what impact it could have on. Elsewhere, Rob Young looks at oil giant Aramco's secondary listing, which was priced below expectations. And finally, we look at the multi billion-dollar drug industry focused on weight loss

26:27

The European Central Bank cuts interest rates

World Business Report ·

2024/06/06

The European Central Bank has announced a cut in its main interest rate from an all-time high of 4% to 3.75%. A Norwegian mining group has confirmed that it's discovered the largest deposit of rare earth minerals in Europe. And Virgin Australia plans to break new ground by allowing dogs and cats to fly in the main cabin on flights. The BBC’s Phil Mercer tells us morePhoto by FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock. European Central Bank (ECB) President Christine Lagarde addresses a press

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