China is fast becoming a major player in the global pharmaceutical and biotech industries. Once focused primarily on generic and me-too drugs, Chinese companies are now making headlines with innovative breakthroughs in oncology and gene therapy. Foreign investors are taking notice, pouring billions into partnerships and research projects across the country. But can China maintain this momentum — or will political pressure and consumer skepticism slow things down? Skip Montreux and Dez Morgan exp...
Apr 10, 2025•21 min•Season 16Ep. 364
Daylight Saving Time — a simple clock adjustment with far-reaching consequences. As countries debate whether to keep, ditch, or make DST permanent, the economic and health implications of this time-shifting practice are coming under increasing scrutiny. In this episode of Down to Business English, Skip Montreux and Samantha Vega explore the origins, impact, and ongoing debate surrounding Daylight Saving Time (DST). From its wartime beginnings to modern economic studies, they examine how DST affe...
Apr 02, 2025•16 min•Season 16Ep. 362
Rare Earth Elements are everywhere — in your phone, your car, even your headphones — and the world can’t function without them. As demand for green tech and high-performance electronics surges, so does the race to secure reliable access to these crucial elements. Skip Montreux and Dez Morgan dive deep into the world of Rare Earth Elements (REEs). They clarify the difference between Rare Earth Elements and Rare Earth Minerals, explain why these materials are vital to modern industries, and unpack...
Mar 21, 2025•16 min•Season 16Ep. 360
Brazil is facing a currency and debt crisis as investor confidence in the country’s economic policies plummets. Since President Lula da Silva returned to office in 2023, increased public spending and rising debt levels have fueled concerns about Brazil’s financial stability. The Brazilian Real has weakened significantly, inflation remains high, and interest rates are soaring. Can Brazil pull itself out of this downward spiral, or is the crisis just beginning? Skip Montreux and Dez Morgan break d...
Feb 17, 2025•17 min•Season 16Ep. 358
In a surprising turn of events, the outgoing Biden administration blocked a $14.9 billion deal for Nippon Steel to acquire US Steel, citing national security concerns. This decision has sparked legal battles, raised diplomatic questions, and left the future of one of America’s most iconic companies uncertain. But is this move purely about security, or are there deeper implications for global business? Skip Montreux and Samantha Vega explore the controversial Nippon Steel-US Steel acquisition. Th...
Jan 23, 2025•17 min•Season 16Ep. 355
The Arctic is warming at an alarming rate, leading to dramatic declines in sea ice. A UK-based start-up, Real Ice, is tackling this crisis by developing innovative technology to thicken Arctic sea ice. But can this ambitious project succeed, and is it financially sustainable? Skip Montreux and Samantha Vega explore the environmental and business implications of Real Ice’s mission to save the Arctic. They discuss the science behind Arctic ice loss, the albedo effect, and the cyclical nature of gl...
Jan 12, 2025•17 min•Season 16Ep. 353
Hot Ones, the wildly popular YouTube interview show where celebrities tackle spicy chicken wings, has a new home. BuzzFeed recently sold the production company behind the hit series, First We Feast, to a group of investors led by an affiliate of George Soros’s fund. Skip Montreux and Samantha Vega examine the financial pressures that led BuzzFeed to sell Hot Ones. They explore BuzzFeed’s rise as a digital media pioneer, its decision to go public through a SPAC, and the acquisition of Complex Net...
Dec 28, 2024•22 min•Season 15Ep. 351
The coffee industry is brewing big changes as Starbucks navigates high CEO turnover and faces a new challenge from Luckin Coffee, China’s largest coffee chain. These developments signal a potential shake-up in the competitive landscape of the global coffee market. Skip Montreux and Dez Morgan report on two major developments in the coffee world. First, Skip examines Starbucks’ history of leadership changes, highlighting its recent struggles with CEO turnover and the challenges of balancing innov...
Dec 11, 2024•27 min•Season 15Ep. 348
The BRICS nations — Brazil, Russia, India, China, and South Africa— are taking steps to challenge the influence of the G7 by promoting economic cooperation, reducing reliance on the US dollar, and creating opportunities for the Global South. Skip Montreux and Dez Morgan explore the origins and evolution of BRICS, from its beginnings as a term coined by a Goldman Sachs economist to its expansion as a formal organization. They discuss the group's goals, including fostering economic collaboration a...
Nov 29, 2024•24 min•Season 15Ep. 346
China is taking action to boost its slowing economy with different types of economic support. By lowering interest rates, making it easier to borrow money, and helping local governments buy unsold real estate, China hopes to increase growth. Skip Montreux and Dez Morgan talk about how the Chinese government is using economic stimulus to improve its economy. The People’s Bank of China (PBOC) recently took steps to encourage more borrowing and spending, including lowering interest rates and loosen...
Nov 13, 2024•21 min•Season 15Ep. 345
Big Tech is turning to an unexpected solution to meet the soaring power demands of artificial intelligence — nuclear energy. With Microsoft, Amazon, and Google investing heavily in nuclear technology, this move could reshape energy use in the tech industry. Skip Montreux and Samantha Vega explore the surprising steps that Big Tech is taking to secure power for their AI-driven future. Microsoft recently made headlines by signing a 20-year agreement to source energy from the infamous Three Mile Is...
Oct 30, 2024•22 min•Season 15Ep. 343
Ponzi schemes are one of the most famous types of financial fraud, promising big returns but often leaving investors with huge losses. But where did the term "Ponzi scheme" come from, and how do these scams work? In this episode of Down to Business English, Skip Montreux and Samantha Vega discuss the history of the Ponzi scheme and its infamous founder, Charles Ponzi. They explore how Ponzi scammed investors in the early 1920s with promises of guaranteed returns using international postal reply ...
Oct 23, 2024•30 min•Season 15Ep. 342
Mars Inc., known for its chocolate products like Mars bars and M&Ms, is making a major move into the savory snack market. With a $35.9 billion deal to acquire Kellanova, Mars is positioning itself to compete with industry giants like PepsiCo. This acquisition could reshape the savory snack landscape and help Mars diversify beyond its traditional chocolate-based portfolio. Skip Montreux and Dez Morgan discuss Mars Inc.’s acquisition of Kellanova, a major player in the global savory snack market. ...
Oct 08, 2024•19 min•Season 15Ep. 339
Google’s dominance in internet search and advertising is under intense legal scrutiny. With two major antitrust lawsuits in the United States, these cases could reshape how we navigate the web and interact with digital ads. The results of these legal battles could have wide-reaching consequences, not just for Google but for the entire tech industry. Skip Montreux and Samantha Vega discuss Google's antitrust struggles in the U.S. courts. They break down two key lawsuits — one regarding Google’s s...
Sep 25, 2024•18 min•Season 15Ep. 337
Giant pandas are more than just cute animals—they're key players in China's global diplomacy. Known as "Panda Diplomacy," China has used its iconic bears to strengthen international relationships and influence global politics for centuries. Learn how these animals serve as soft power tools in China’s foreign policy, fostering diplomatic goodwill and smoothing tensions with other nations. Skip Montreux and Dez Morgan explore the unique role that pandas play in global diplomacy. They trace the his...
Sep 16, 2024•22 min•Season 15Ep. 335
OPEC, the Organization of Petroleum Exporting Countries, has played a central role in the global oil market for over six decades. From the 1973 Oil Embargo to the rise of U.S. shale production, OPEC’s influence has evolved as the energy landscape has changed. Despite challenges, the organization continues to be a key player in determining global oil prices today. In this second part of their two-part series on OPEC, Skip Montreux and Dez Morgan examine key moments in the history of the Organizat...
Sep 06, 2024•9 min•Season 15Ep. 334
The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 to give oil-producing nations more control over their resources and influence global oil prices. Initially formed by five countries—Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela — OPEC has grown to include 12 member countries, with 10 additional nations cooperating under the OPEC+ alliance. The organization has played a critical role in stabilizing oil prices and shaping the global energy market. Skip Montreux and...
Aug 27, 2024•22 min•Season 15Ep. 332
In July, a global IT outage, known as the CrowdStrike Incident, disrupted businesses worldwide. A faulty software update from cybersecurity firm CrowdStrike affected millions of devices, leading to significant financial losses across various sectors. Skip Montreux and Samantha Vega discuss the largest global IT outage in history, triggered by a faulty update from cybersecurity giant CrowdStrike. They explore its impact on businesses globally, including airlines, retail stores, and emergency serv...
Aug 20, 2024•9 min•Season 15Ep. 331
Over tourism is becoming a significant issue in popular destinations worldwide, with cities like Barcelona and countries like Japan struggling to balance economic benefits with the challenges of an increasing number of visitors. Skip Montreux and Samantha Vega explore the impact of over tourism in Spain and Japan. They discuss how the surge in tourism is driving up living costs, displacing local residents, and prompting government interventions. The episode focuses on the measures being taken in...
Aug 10, 2024•19 min•Season 15Ep. 329
The Dow Jones Industrial Average (DJIA) remains a vital benchmark for U.S. economic performance, despite being established in 1896. Today, the DJIA and Dow Theory continue to provide investors with valuable insights into market trends. Skip Montreux and Dez Morgan explore the history and significance of the Dow Jones Industrial Average, often referred to simply as the Dow. They discuss its origins, evolution, and current relevance in the financial world. The conversation also introduces Dow Theo...
Jul 24, 2024•24 min•Season 15Ep. 327
Elon Musk’s social media platform X faces legal challenges in Brazil over content moderation, highlighting the difficulties global companies encounter with varying legal and cultural standards. Skip Montreux and Samantha Vega discuss the recent legal battle between Elon Musk's X (formerly Twitter) and the Brazilian Supreme Court. They discuss the complexities of content moderation, the specific issues in Brazil, and the wider regulatory challenges faced by global social media platforms. The conv...
Jul 10, 2024•16 min•Season 15Ep. 325
Copper — a critical industrial metal — holds the intriguing title of "Dr. Copper" for its ability to diagnose the health of the global economy. In this episode, we delve into how copper prices act as an economic barometer and explore the factors influencing its market trends. Skip Montreux and Dez Morgan discuss the concept of "Dr. Copper," examining how the price of copper is used to predict global economic health and explain why copper is a unique economic indicator. Their conversation touches...
Jul 06, 2024•8 min•Season 15Ep. 324
Turkey's hair transplant industry is booming, attracting international clients and reshaping the medical tourism landscape. This episode explores the factors driving this growth, including advancements in technology, social acceptance, and economic factors. Skip Montreux and Samantha Vega dive into the rapidly growing hair transplant industry in Turkey. They discuss how Turkey has become a global hub for hair loss treatments, offering high-quality services at a fraction of the cost compared to o...
Jun 22, 2024•21 min•Season 15Ep. 322
South Korea's economic landscape has been significantly shaped by its large family-owned conglomerates, known as chaebols. These entities have driven the nation's rapid development, but also face criticism for their dominant market position and governance issues. Skip Montreux and Dez Morgan examine the world of South Korean chaebols and the phenomenon known as the Korea Discount. They explore the history and structure of these powerful business entities, their economic influence, and the contro...
Jun 08, 2024•26 min•Season 15Ep. 320
The United States government has taken unprecedented steps to ban the popular social media platform TikTok due to concerns over data security and potential influence from the Chinese government. Skip Montreux and Samantha Vega discuss the recent developments surrounding the US government's decision to ban TikTok unless its Chinese parent company, ByteDance, sells it to a US entity. They explore the reasons behind the ban, including data security concerns and potential manipulation of TikTok's al...
May 30, 2024•22 min•Season 15Ep. 318
Egypt's economy is facing significant challenges, with key sectors like the Suez Canal and natural gas industry experiencing sharp declines in revenue. These difficulties are exacerbated by geopolitical tensions and internal economic issues, creating a complex landscape for the country's financial future. Skip Montreux and Dez Morgan report on the economic headwinds confronting Egypt. They explore how the Suez Canal's revenue has plummeted due to decreased container traffic, driven by security r...
May 25, 2024•8 min•Season 15Ep. 317
The global chocolate industry is grappling with a steep rise in cocoa prices, leading to significant changes for producers and consumers alike. This unprecedented surge, driven by unusual weather patterns and long-standing structural challenges, has sent shockwaves through the market, forcing chocolate manufacturers to rethink recipes, pricing, and sourcing strategies. Skip Montreux and Dez Morgan take a deep dive into the cocoa crisis, unpacking the causes and consequences of rising prices. The...
May 09, 2024•22 min•Season 15Ep. 315
The Body Shop, once a leader in ethical consumerism and a pioneer in brand activism within the cosmetics industry, has faced a dramatic downturn. This episode of Down to Business English examines the rise and fall of a company that set the standard for corporate responsibility but has recently struggled with bankruptcy and ownership changes. Skip Montreux and Samantha Vega unpack the history of The Body Shop, from its humble beginnings in 1976, through its global expansion, to its recent financi...
Apr 29, 2024•23 min•Season 15Ep. 313
Learn how sports betting went from being a national concern to a booming industry in the USA, all while picking up sports-related idioms and expressions that cross over into business English. Skip Montreux and Samantha Vega look at the world of sports betting in the USA. From the 1919 World Series scandal to the monumental shift in 2018 when sports betting became legal in many states, they cover the evolution of this billion-dollar industry. Along the way, they explore the crossover of sports id...
Apr 05, 2024•21 min•Season 15Ep. 310
Discover the latest economic developments in Japan, focusing on the Nikkei 225 index reaching a new high and the opening of a TSMC semiconductor plant in Kumamoto. This episode is a great chance to learn business English vocabulary related to important economic changes. Skip Montreux and Samantha Vega examine recent economic milestones in Japan, including the Nikkei index's unprecedented performance and the strategic opening of TSMC's semiconductor fab. They discuss the implications of these eve...
Mar 22, 2024•20 min•Season 15Ep. 308
