World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
What will El Niño cost us?
The "supersized" El Niño weather system is hitting the global economy, with cocoa farmers in Ecuador already seeing prices for their products fall. As the Panama Canal operator limits the number of vessels passing through the waterway, we ask what further trade shocks are to come. And US basketball team…
Record fine over US basketball player’s wages
The LA Clippers have been fined $30 million by the National Basketball Association after an investigation revealed that the club had circumvented salary rules to channel funds to their star player Kawhi Leonard. The fine is the largest in the league’s history - the Clippers said they will appeal against…
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…