Business Matters - podcast cover

Business Matters

BBC World Servicewww.bbc.co.uk

Global business and finance news and discussion from the BBC.

Episodes

Tariffs: How is the world reacting?

We delve into how the world is reacting to Trump's tariff announcement and what leaders from around the world have to say. Ukraine's President Zelensky, meets US Vice President JD Vance at the Munich Security Conference to discuss the future of the war in Ukraine. There's also been talk of the Trump administration closing the Department of Education. Additionally, we hear how an NYU student managed to attend college without having to pay. Global business news, with live guests and contributions ...

Feb 15, 202548 min

Inflation: Why is it higher than expected in the US?

With inflation is the US rising in January at its highest rate for six months, how can President Donald Trump stop energy and egg prices from going up and forcing the cost of living to rise across America? We hear from a former Fed official on how the central bankers are dealing with political pressure on interest rates, and a farmer who's seeing his costs rise and is having to pass them on to customers. Elsewhere, we find out about the Refillable bottle boom and how Brazil wants to become a gia...

Feb 13, 202549 min

Palestinian resettlement key to US-Jordan aid

King Abdullah of Jordan met with Donald Trump at the White House after the American president had threatened to withhold $1.45 billion a year in US aid if Jordan did not agree to scheme We hear from the CEO of the Canadian Steel Producers Association on how Canada’s steel industry will be hit hard by tariffs. And, how diss tracks in a feud between Kendrick Lamar and Drake have raised an estimated $15 million.

Feb 12, 202553 min

Musk bids to purchase Open AI

Elon Musk has bid to purchase the non profit tech firm, Open AI President Donald Trump says he's going to impose a 25% import tax on imports of steel and aluminium from abroad And New Zealand has loosened their visa rules to attract foreign money. We hear from their Immigration Minister, Erica Stanford

Feb 11, 202553 min

Canada, Mexico, and China face tariffs on Saturday, White House says

President Trump confirms big tariffs are being imposed on goods coming into the US from Mexico, Canada, and China. We'll hear from businesses in Canada and Mexico on their response. We hear the story of one family's return to their home following the Los Angeles wildfires. David Brancaccio, a journalist with our US partner Marketplace, who bought a house just a few months ago and was burnt down by the California firestorms earlier this month. India’s finance minister will be presenting the count...

Feb 01, 202549 min

Black boxes recovered in deadly Washington DC plane crash

Investigators from the US federal agency noted that mid-air collisions like this are rare in the US, and they said it was far too early to speculate on what caused the crash; however, we will look at crowded airspaces and complex issues surrounding airports. Also, economic growth in the US slowed at the end of last year, as trade and investment declined and the country was hit by hurricanes and strikes. And, shoplifting, shrinkage, the five-finger discount—whatever you call it—stealing from shop...

Jan 31, 202549 min

US Supreme Court upholds TikTok ban law

The US Supreme Court has upheld a law that bans TikTok in the US unless its China-based parent company, ByteDance, sells the platform by this Sunday. A cold snap in Washington, DC, means Donald Trump's inauguration on Monday will now be held indoors instead of on the steps of the Capitol. Also, Argentina has reported a fiscal surplus for the first time in sixteen years, as a result of comprehensive budget cuts implemented by President Javier Milei. We will look at how immigration is a high-profi...

Jan 18, 202549 min

Former Bank of Canada governor runs to replace Justin Trudeau

Former Bank of Canada governor, Mark Carney, says he is running to replace Justin Trudeau as the leader of Canada's governing Liberal Party. Donald Trump's pick as Treasury Secretary, Scott Bessent, has been defending his boss's economic plans at his confirmation hearing in the US Senate. And, as China prepares to release GDP figures in the next hour, we'll ask how it can stimulate growth, and we will look at who's planning a trip to North Korea during the northern hemisphere holiday. The countr...

Jan 17, 202549 min

Rebuilding Gaza requires billions of dollars

Israel and Hamas have reached an agreement on a ceasefire and the release of hostages in Gaza—raising hopes of an end to fifteen months of war. So, if the ceasefire holds, how long will it take to rebuild from the rubble? What would be the priorities? How much will it cost? And who will pay? We will look at all these with different guests, including the head of the United Nations Development Programme, Achim Steiner. Rice is the staple crop for more than half the world’s population, but it's vul...

Jan 16, 202549 min

SEC boss Gary Gensler to step down when Donald Trump takes office

President-elect Trump had pledged to fire the Securities and Exchange Commission Chair, who led a crackdown on the crypto industry, on "day one". Also, Beijing offers help to Chinese exporters facing higher import tariffs. And, union workers at Volkswagen's German factories are set to strike after talks failed.

Nov 22, 202449 min

Boeing workers prepare to vote on pay offer

Boeing workers vote on pay offer on Wednesday. Workers downed tools six weeks ago after rejecting initial pay offer. They’ve been offered a 35% pay increase, over the next 4 years. Also, Tesla’s share price jumps after its 3Q results beat market expectations. We hear from Stephen Moore, an economist and an advisor to Donald Trump’s 2016 Presidental campaign. Plus we have a report about migrants on the US/Mexico border. And we hear why France is home to both haute cuisine and fast food. You can c...

Oct 24, 202451 min

Lebanon sees nine killed by exploding pagers

Hezbollah blames Israel after exploding pagers kill nine and injure thousands in Lebanon. The US Federal Reserve is expected to cut rates for the first time in four years. And we learn why Norway is racing ahead with electric vehicle sales.

Sep 18, 202449 min

Sri Lanka's economic prospects ahead of this weekend's elections

Sri Lanka prepares to go to the polls and Tik Tok takes to the courts to fight attempts to make it divest itself of its Chinese owner. Also, the West Bengal festival which may have to forego its favourite fishy treat and could your car be yet another front for the digital advertisers?

Sep 17, 202449 min

Former President Trump announces his Vice Presidential running mate

Presenter Rahul Tandon discusses the announcement of Iowa Senator JD Vance as Donald Trump’s pick to be his running mate in November’s Presidential election. Rahul speaks to the Democratic Mayor of Milwaukee, the city that is hosting the Republican Party's National Convention. And the long delayed Third Plenum of the Chinese Communist Party is taking place in Beijing.

Jul 16, 202449 min

Democrat senator calls for President Biden to stand aside

We hear from Betsey Stevenson, Former Economic Adviser to President Obama, who served on the transition team for the Biden-Harris ticket - as the first Democratic Senator publicly calls for President Biden to stand aside as the party's presidential nominee. Meanwhile the US imposes steel tariffs on Mexico - at least the steel coming from China. We ask whether tariffs are economically the way forward - or backward. Plus in Greece - new regulations are being introduced to limit the areas on beache...

Jul 11, 202449 min

Sam Bankman-Fried 'Crypto King' sentenced to 25 years in prison

The co-founder of FTX has been jailed for "one of the biggest financial frauds" in US history. Also, we find out why the Chinese smartphone maker Xiaomi has launched its first electric vehicle. France votes on a law to prevent discrimination against your hairstyle at work. And, could a law in Florida stop kids under 13 from accessing social media? (Picture: Former FTX Chief Executive Sam Bankman-Fried, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amand...

Mar 29, 202451 min

Japan earthquake: What impact will it have on the economy?

Japan is hit by another earthquake. We hear about the impact it could have on the economy. We examine microfinance and how it works in practice after a Bangladeshi pioneer of this type of finance is sentenced for violating labour laws. And the state railway company of Ukraine introduces women only compartments to stop assaults on trains.

Jan 02, 202451 min

Global shipping firms set to resume to Red Sea route after attacks

Danish shipping giant Maersk has said it is preparing to resume shipping operations through the Red Sea and Gulf of Aden. We explore the fallout from a ban on some of Apple's latest watches in the US . AND We examine why Argentina's new president, Javier Milei has decided to sign a decree cancelling the contracts of seven thousand public sector workers. (Photo: A Mediterranean Shipping Company (MSC) container ship crosses the Suez Canal towards the Red Sea Credit EPA/MOHAMED HOSSAM)...

Dec 27, 202351 min

Biden meets Wang as the US and China prepare for the scheduled leaders' summit

On Friday, US President Joe Biden met with China's Foreign Minister Wang Yi for an hour, which the White House described as a "good opportunity" to maintain lines of communication open between the two geopolitical foes. And Taylor Swift, with a record-breaking tour, a blockbuster film, and a keen business sense, the 33-year-old musician is now worth $1.1 billion. Devina Gupta discusses this and more of the business news from around with James Early, Chief Investment Officer at BBAE (digital inve...

Oct 28, 202350 min

FTX: 'King of Crypto' testifies to judge in fraud trial

Former crypto boss Sam Bankman-Fried has been testifying to a judge at his trial after the jury was sent home. The former entrepreneur was asked to testify to Judge Lewis Kaplan to determine which parts of his testimony can be put to the jury. The PlayStation 5's manufacturer, Sony, has announced that the supply chain issues that beset the device for three years have been fixed. Leanna Byrne discusses this and more of the business news from around with Yoko Ishikura, Professor Emeritus at Hitots...

Oct 27, 202350 min

Meta sued by US states

Thirty three US states have grouped together to file a lawsuit accusing Facebook and Instagram's owner Meta of contributing to a youth mental health crisis for the sake of profit. A suit filed in a federal court in California said Meta had "repeatedly misled the public about the substantial dangers of its Social Media Platforms". Meta said it sought to make young people safe online. (Picture: State Senator Andrew Gounardes speaks as Governor Kathy. Picture credit: Getty Images)

Oct 25, 202349 min

Argentina heads to the ballot box for presidential election

Voters in Argentina will be heading to the voting centres on Sunday to cast their ballot in what is widely regarded as the most unpredictable presidential election since the country returned to democracy 40 years ago. And this comes in the middle of an economic crisis with inflation is at almost 140%. One of the Presidential candidates, Javier Milei is promising to dollarizing the economy and get rid of the local currency, the Peso. Rahul Tandon discusses this and more of the business news from ...

Oct 21, 202350 min

Biden addresses nation as Israel-Hamas war continues

US President Joe Biden has delivered a national primetime address from the White House. The speech has touched on US support for Israel and Ukraine, among other issues of national security. Biden's began his address saying: "We're facing an inflection point in history." Rahul Tandon discusses this and more of the business news from around with Stephanie Hare, a researcher of technology and politics based in London, and Andy Xie who is independent economist in Shanghai and formerly worked for Mor...

Oct 20, 202350 min

Aid poised to enter Gaza strip

International aid agencies are waiting to get full details of the opening of Egyptian border with Gaza for aid delivery to the strip after 10 days war. The US president Joe Biden has announced that Egyptian President Abdel Fattah al-Sisi has agreed to open the Rafah crossing to a handful of trucks loaded with aid destined for the Gaza Strip. We will hear from The International Federation of Red Cross and Red Crescent Societies about they are ready to deliver this aid to the people who need it. (...

Oct 19, 202350 min

Microsoft completes biggest deal in gaming history

Microsoft has completed its $69bn takeover of Call of Duty-maker Activision Blizzard in the gaming industry's biggest ever deal. Also we will dear about the US healthcare company Kaiser Permanente and its workers have reached a tentative deal, following the largest medical strike on record. More than 75,000 health workers in five US states and Washington DC went on a 72-hour strike for better wages and improved staffing last week. Vivienne Nunis discusses this and more of the business news from ...

Oct 14, 202350 min

New Zealand's economy at the centre of election campaigns

New Zealanders will be casting their vote on Saturday in the country's general election, 9 months after Jacinda Arden unexpectedly resigned as Prime Minister. They'll be deciding whether to give Labour a third term in office, or flip to a National-led government. We’ll hear from the current finance minister and the deputy leader of the opposition. Ford Motor shares fell after the United Auto Workers (UAW) union expanded its strike at the company's biggest and most profitable factory in Kentucky....

Oct 13, 202350 min

African Union expected to join G20

Officials at the G20 summit in Delhi say the African Union could become a member. The proposal has been backed by the US and by India, which is hosting the meeting. Roger Hearing discusses this topic and more other stories with Rachel Pupazzoni, Business Reporter at ABC News Australia and Simon Littlewood, Singapore based economics and the President of ACG Global Growth Delivered. (Workers decorate a G20 installation at the International Media Centre (IMC) on the eve of the two-day G20 summit in...

Sep 09, 202350 min

G20 India: The world's largest economies meet in Delhi

World leaders are making their way to Delhi for this weekend's G20 summit. And India is trying hard to present its best face for the visiting dignitaries. But is it trying too hard? The co-working company, WeWork, is looking to renegotiate nearly all of its office leases following a significant decline in its share value since the beginning of the year. The company has 777 locations in 39 countries with long term lease obligations totalling more than $13 billion. Roger Hearing discusses this top...

Sep 08, 202350 min

African leaders propose global carbon taxes to fight climate change

African leaders have issued a declaration proposing new taxes across the world to fund action against climate change. The United States has announced another billion dollars' worth of aid for Ukraine. It includes a- hundred- and- seventy- five- million dollars in military assistance. Today marks 10 years since Chinese President, Xi Jinping, launched the Belt and Road Initiative on September 7, 2013, proposing new trade routes to create a 'new Silk Road' and widen economic cooperation. What is th...

Sep 07, 202350 min

Switzerland outlines measures to combat money laundering

Switzerland has outlined a series of measures to combat money laundering and increase transparency in its huge financial sector. They include a register of those who ultimately benefit from trusts and companies - Switzerland is the only European country that doesn't have one. Toymaker Lego saw profits fall in the first half of the year as the bumper sales growth seen during the pandemic starts to fade. Burger King must face a lawsuit that alleges it makes its Whopper burger appear larger on its ...

Aug 31, 202350 min