World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Is this the biggest oil deal in history?
US oil giant Chevron says it will expand operations in Venezuela, with plans to invest more than $7 million to double its output there over the next five years. As Uber leaves the Nigerian market, we'll look at what that means for drivers and passengers who depend on the platform…
United States signs oil deal with Venezuela
A controversial oil deal gives the United States control of more than a fifth of Venezuela’s reserves. Plus, could Kenya be running short of milk? And thousands of US sailors deployed to the Strait of Hormuz reach dry land, after a record stretch at sea. Presenter: Bisi Adebayo Producers: Victoriya…
How will bond market turmoil affect you?
Escalating conflict in the Gulf is pushing oil prices ever higher. We explore the connection between energy prices and government borrowing to find out why falling bond prices across the world matter to jobs and inflation. The appearance of Russia's finance minister at the G20 talks in North Carolina caused…
Shein's Big IPO - and a Smaller Valuation
Shein finally makes its stock market debut in Hong Kong, after failed attempts to list in New York and London. And the company is now valued at around a quarter of its 2022 peak. We look at whether it really is third time lucky for the fast-fashion giant. China tightens…
Apple's new chief
In the 15 years since he's been charge at Apple, Tim Cook has turned the consumer tech company into a multi-trillion dollar success. What does new CEO John Ternus need to do to keep Apple on top? Also, what's on the minds of those running the world's biggest economies? We…
US-Iran conflict: What next for oil and trade?
The US and Iran exchange fire for the first time in a month, as an oil tanker reportedly hits mines in the Strait of Hormuz. We look at what the renewed fighting could mean for oil supplies, shipping and the global economy. Also, China and Russia hold talks as world…
US Central Bank Chair says inflation isn't beaten yet
The head of the US Federal Reserve, Kevin Warsh, says policymakers "have work to do" if they are not confident cost-of-living pressures are easing for Americans. Policy makers from 10 nations neighbouring the Baltic Sea have been meeting today to discuss hybrid attacks on their countries. Earlier this month Leipzig…
Warsh Warning: Are Interest Rates Heading Higher?
In his first speech at Jackson Hole as Federal Reserve chairman, Kevin Warsh said that while inflation readings had looked better than expected over the summer, they did not show that the current picture had “meaningfully improved”. The new Fed boss stressed that his remarks should not be treated as…
AI firms call for countries to beef up their cyber defences... against AI
They warn cyber-attacks which use AI will become both more widespread and more sophisticated in a matter of months as the technology rapidly improves. UEFA is preparing criminal legal action against the President of FIFA, Gianni Infantino. And a barrel of single malt scotch whisky bought in 1971 for $175…
Hormuz Oil Flows Recover
More oil is making its way through the Strait of Hormuz, despite the continuing war with Iran, with Kuwait and Qatar among the Gulf producers finding new ways to keep supplies moving. Could tighter restrictions on Facebook and Instagram actually make children safer online? A former Meta engineering director and…
Meta agrees to pay up to $18Bn in record legal settlement
The Facebook and Instagram owner was accused by several US States of having addictive products that harm children. Shares in US chip designer Nvidia rise in after hours trading after its 2 quarter results beat market expectations. It remains the world's most valuable company. And we hear about the amazing…
Meta agrees $18bn settlement
Meta, the parent company of Facebook and Instagram, has agreed to an $18bn settlement with 29 US states over claims that its platforms harmed children. The deal, which is subject to court approval, would require Meta to introduce new rules for teenage users, including daily limits and overnight blocks. The…
Canada hits back at the US with $20Bn tariffs on US goods
Finance Minister François-Philippe Champagne announced ‘dollar-for-dollar’ counter-tariffs on a swath of U.S. goods — with a sliding scale of 15, 25 and 50 per cent. Ed Butler speaks to an shipping expert and asks if anyone really knows how much oil and gas is currently being exported from the Middle…
Can Washington really cut Iran off from the global economy?
We take a look at what the latest US sanctions could mean for Iran's trading partners. Plus, India's taking "express" action to bring down soaring onion prices, and Lego has built record sales. Presenter: Bisi Adebayo Producer: Barbara George
Iran faces 'greatest financial offensive ever'
The US has announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said is "the single greatest financial offensive ever". Trade relations between Canada and the United States have sunk to a new low after weeks of urgent talks fell apart over…
US warns Iran of "the single greatest financial offensive ever"
What could new sanctions mean for Iran's economy and its trading partners? Meanwhile, President Trump announces plans for a 50% tariff on Canadian vehicles from 2027. Also, Singapore announces a $55,000 incentive aimed at encouraging people to have more children. And China showcases its growing humanoid robot industry. Presenter: Bisi…
Title: El Niño: What could it mean for the global economy?
Long: Meteorologists warn a developing El Niño could be the strongest in living memory, with scientists saying next year could become the hottest on record. We look at what that could mean for businesses and global trade as low rainfall forces the Panama Canal to restrict shipping. Also, Premier League…
El Nino causes the economy to heat up
A strong weather system which causes the globe to heat up is already having an impact on business with the Panama Canal reducing the number of ships which can pass through and certain food prices in India rising Japan's inflation hits its highest level of the year and the Golden…
America's $40 trillion debt
US government debt has topped $40 trillion for the first time, raising fresh questions about America’s finances and the cost of borrowing. We also look at a new trade deal between Switzerland and China. And the workplace behaviours most likely to land employees in trouble with their bosses. (Photo:A screen…
Moderna shares get a shot in the arm after cancer vaccine results
Moderna shares soared more than 172% after strong results for its vaccine for melanoma skin cancer. Elsewhere, the Evergrande saga came to a dramatic conclusion in a Shenzhen court. And what will Walmart spend its $3 billion Trump tariffs rebate on? World Business Express - Finance, economy and business news…