World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Why diesel is rising quicker in price than other fuel?
The price of diesel has risen nearly 90% since the start of the war in Iran according to ICE. Why is that more than other fuels? Plus Sarah Rogers hears why the price of subscriptions could rise after the World Trade Organsiation fails to reach a deal on ecommerce tariffs…
BYD profits fall 19%: What’s driving the decline?
BYD has reported a 19% fall in annual profit, its first decline in four years, despite rising sales as price pressure in China weighs on margins. We look at what is driving the slowdow, and what it means for the wider electric vehicle industry. We also examine the increasingly competitive…
Fears of fuel shortages lead to panic buying in Australia
As prices soar, petrol and diesel pumps are running dry at hundreds of service stations across Australia. But is the shortage caused by panic buying rather than lack of fuel? We hear from India where generic replacements for the weightloss drugs Ozempic and Wegovy are bringing cheaper drugs to the…
Meta shares slide after landmark ruling on social media addiction
Meta shares slide after landmark ruling on social media addiction. Shares of Alphabet, Google's parent company, were also down but not as sharp as Meta stock. Jurors found that Meta, which owns Instagram, Facebook and WhatsApp, and Google, owner of YouTube, intentionally built addictive social media platforms that harmed the…
Meta and Alphabet shares fall following social media trial defeat
A California jury found Meta and YouTube designed addictive products that harmed young people. The plaintiff was awarded damages of $6m; Meta to pay 70% and YouTube the remainder. Transport workers in the Philippines are on strike over the price of fuel driven by surging oil prices as the Middle…
Meta and YouTube found liable in landmark social media addiction trial
A Los Angeles jury has handed down an unprecedented win for a young woman who sued Meta and YouTube over her childhood addiction to social media. We hear the latest. Since the war in the Middle East erupted, attention has focused on oil and gas flows through the Strait of…
Asian economies feel the pain of the US-Israel war with Iran
The Asian Development Bank's Chief Economist Albert Park tells us that the conflict in the Middle East could prove 'traumatic', knocking as much as 1.3% of Asian GDP growth, depending on how long it goes on for. He believes that the countries most vulnerable include Sri Lanka, Maldives, Laos, Bangladesh…
From state of emergency to rationing: fuel shortages cause chaos across the globe
The Philippines government has declared a state of emergency. President Ferdinand Marcos Jr. said fuel supply in the country is in ‘imminent danger' as prices continue to surge because of the war in the Middle East. Meanwhile, Slovenia introduces fuel rationing to stop ‘fuel tourism’ and Kenya’s flower industry is…
The Philippines declares state of emergency over fuel crisis
The Philippines has declared a state of national energy emergency as the conflict in the Middle East cuts fuel supplies. President Ferdinand Marcos Jr said he had signed an executive order to safeguard energy security amid severe disruption to global supply chains. The Philippines is highly dependent on fuel imports…
Oil, outages and energy shifts: the global ripples from the Middle East
As the war in the Middle East continues, other regions adjust. The price of oil dropped after President Trump said discussions with Iran had taken place. Meanwhile, the Philippines, which gets most of its fuel from the Persian Gulf, has declared a four-day work week to reduce energy demand; Suranjana…