In Business Weekly, we look at the implications of the European Court of Justice clearing the way for the European Union to cut billions of euros in funding to Poland and Hungary. Judges dismissed a challenge by the two nations, with the court ruling that the EU can suspend funding to member states that violate the bloc’s democratic values. Sophie Pornschlegel at the Brussels-based European Policy Centre explains how the cut in funding will hit both countries’ economies. Also, we hear why India ...
Feb 19, 2022•50 min•Transcript available on Metacast There’s a credit crunch facing dozens of the world's poorest countries: billions of dollars are now owed and some countries simply won't manage the repayments. So who should foot the bill? We speak with Sri Lankan businessman, Indika Merenchige, who imports vehicles in to Sri Lanka – but it’s not business as usual when your government has defaulted with one of the world’s most influential creditors: China. Meanwhile, the percentage some African countries are now paying just to service loan repay...
Feb 18, 2022•17 min•Transcript available on Metacast Two years on from the start of the pandemic and most visitors are still banned from Japan. We take a look at why the world’s third largest economy has one of the strictest border controls in the world. How is it affecting people? And how is it affecting the economy? Tamasin Ford goes on a virtual tour of Tokyo’s foodie hotspots with Yukari Sakamoto, writer, chef and the author of a book called Food Sake Tokyo. Yukari explains how a lack of tourists has impacted her business, and how travel bans ...
Feb 17, 2022•18 min•Transcript available on Metacast Have US pharmaceutical companies created a web of disinformation to boost their profits? That's the accusation of John Abramson, an academic at Harvard Medical School. In an extended interview with the BBC's Ed Butler, he discusses the thesis of his new book, Sickening: How Big Pharma Broke American Health Care and How We Can Repair It. According to Abramson, scandals such as the opioid addiction epidemic caused by drugs like Oxycontin, or the shockingly high cost of insulin in America, have a c...
Feb 16, 2022•17 min•Transcript available on Metacast Many of us will have noticed 'friend' or 'follow' requests on our social media from strangers with profiles which don’t quite ring true. They mainly use cloned pictures, often taken from accounts of those in the US military. Zoe Kleinman investigates the global industry of romance scamming, which can have tragic consequences. Zoe hears from Lisa Forte, a cyber security expert from Red Goat Security, Professor Alan Woodward from Surrey University, and she goes into the tragic story of Renee Holla...
Feb 15, 2022•18 min•Transcript available on Metacast The UN describes people living with disabilities as the world’s largest minority group. A billion of us live with some sort of disability and are up to twice as likely to be unemployed than non-disabled people. For Caroline Casey, the founder and creator of the Valuable 500, this was a challenge. She calls herself a troublemaker and as such she has persuaded the CEO's of more than 500 of the world's biggest companies to personally sign a declaration to end disability exclusion in the workplace. ...
Feb 14, 2022•17 min•Transcript available on Metacast On this edition of Business Weekly, we’re looking at BP’s latest results. The energy giant made a profit of $12.8bn last year - thanks mainly to surging oil and gas prices. This comes after a loss in 2020. We hear why some are calling for a ‘windfall tax’ - a one-off charge that would then be channelled to help struggling consumers battling price rises. We hear the response from BP, and comments from Connor Schwartz at Friends of the Earth and Tom Wilson from the Financial Times. Staying with ri...
Feb 12, 2022•51 min•Transcript available on Metacast Argentina’s government and the International Monetary Fund have been renegotiating the terms of a 2018 loan issued to the country – the largest in IMF history. The Fund’s own internal analysis of that deal was scathing. The 2018 package had been vaunted for its commitment to protecting the most vulnerable in society. Yet people in Argentina, and particularly those on the lowest incomes, are currently enduring a cost of living crisis, with inflation running at above 50% in 2021, and wages struggl...
Feb 11, 2022•18 min•Transcript available on Metacast The use of robots in North American workplaces has increased by 40% since the start of the pandemic and the small to medium sized businesses, which never automated before, are getting in on the act. The robotics industry has responded to the global increased demand by creating more and more customisable robots, which can be leased or hired. Ivana Davidovic explores what effect this has had - and could have in the future - on the labour markets, innovation, but also on social inequality. Ivana he...
Feb 10, 2022•19 min•Transcript available on Metacast Greed is considered one of the seven deadly sins; but is the accumulation - and retention - of wealth always a bad thing? With economic inequality growing, Elizabeth Hotson asks John Paul Rollert, from the Chicago Booth school of management, why greed has historically invited criticism. We also hear from Paul Piff, Associate Professor of Psychological Science at the University of California, Irvine, who tells us about an experiment in acquisitiveness, played out during a game of Monopoly. Plus s...
Feb 09, 2022•17 min•Transcript available on Metacast Can apps like Depop and By Rotation, which are giving new life to old clothes, help reduce the fashion industry's enormous environmental footprint? Justin Rowlatt heads to the London offices of both these online platforms. Depop's Justine Porterie explains how their clothing resale app helped Gen Z take back control of their wardrobes and fall in love with second-hand clothes. Meanwhile Eshita Kabra-Davies, founder of By Rotation, retells how she came up with the concept of a high fashion rental...
Feb 08, 2022•18 min•Transcript available on Metacast Prices around the world are rising at their fastest level for years. Rising energy prices and a surge in demand after the pandemic lockdown have pushed up the prices of many of the goods that we rely on and our wages are not keeping pace. Tamasin Ford looks at the factors behind the rises and hears why it is often the poorest in our society who are impacted the most. Tamasin talks to Davide Angeletti who owns Ovenbird Coffee in Glasgow; he's looking at how he can cut his costs whilst he struggle...
Feb 07, 2022•18 min•Transcript available on Metacast On this edition of Business Weekly, we’re looking at Spotify’s latest results, and hearing how it has had to react to controversy surrounding its star podcaster, Joe Rogan. We hear from music industry writer Eamonn Ford, who tells us how the service is expanding more into the spoken word, and how it will now have to editorially manage the content it acquires. The Winter Olympics has now officially started, and we hear how some people would like sponsors to be more politically active, when choosi...
Feb 05, 2022•50 min•Transcript available on Metacast From its early reputation as mothers’ ruin to its prime spot in upscale cocktail bars, we tell the story of the juniper-infused spirit. And as the gin craze in the US and the UK shows no sign of slowing, we ask where the next global hotspots will be. Dr Angela McShane of Warwick University tells Elizabeth Hotson how and why gin drinking became popular in the UK and Sandie Van Doorne, from Lucas Bols - which claims to be the oldest distillery brand in the world - explains how the Dutch spirit, ge...
Feb 04, 2022•18 min•Transcript available on Metacast Drawn by the favourable exchange rate, tourists are flocking to Turkey, but can they compensate for the country's wider economic woes? In 2020, Turkey was hit hard by the pandemic lockdown, soaring inflation, a weakening currency and a current account deficit. Last year, the number of visitors jumped 85.5%. Victoria Craig talks to tourists in Istanbul about how they're getting more value for money and visits traders in the Grand Bazaar. Tour guide Sebnem Altin at tour company Grand Circle Travel...
Feb 03, 2022•17 min•Transcript available on Metacast Sanctions, energy supplies, cyber-attacks - how bad could the economic fallout be if the situation in Ukraine spirals out of control? How likely would Russia be to simply cut the gas supply off to Europe in the middle of winter for example? Ed Butler asks Jane Collin, editor of the UK-based publication, Energy Intelligence. Meanwhile Matthew Olney, director of threat intelligence at Cisco, discusses another possibility - the disabling of key energy and other infrastructure in America by Russian ...
Feb 02, 2022•17 min•Transcript available on Metacast Allegations of human rights' abuses have led to an official boycott by a number of Western governments of the Winter Olympics in Beijing this month. China has responded angrily, accusing them of politicising a sporting bonanza. The International Olympic Committee insists that sport should be above politics. So where does this leave the sponsors on whom the Olympics depend for funding? International marketing expert Allyson Stewart Allen tells us that sponsors are stuck between a rock and hard sp...
Feb 01, 2022•15 min•Transcript available on Metacast This is a big moment for African music on the global stage. African artists are winning international awards and embarking on tours to the US and Europe. And major record companies want a piece of the action. They’ve been busy doing deals to sign African stars with Warner Music buying a controlling stake in a Johannesburg business which bills itself as “the home of African music”. So what’s going on, and what does it all mean for a new generation of African artists? Mike Johnson talks to singers...
Jan 31, 2022•17 min•Transcript available on Metacast On Business Weekly this week, we look at the efforts being made to reduce the carbon footprints of mining companies. One of the largest iron ore producers, Fortescue Metals, is looking to reduce its carbon emissions and has snapped up the technology research arm of the Williams Formula One team to help them do it. Plus, we examine the continuing war on drugs and how the Mexican cartels have been taking advantage of the pandemic restrictions in the United States. Also, we ask if having one or two...
Jan 29, 2022•50 min•Transcript available on Metacast Global warming means the world will need a lot more air conditioning - but will the AC just make global warming even worse? The Middle East already experiences peak temperatures over 50C, as the Kuwaiti social media influencer Ascia Alshammiri testifies. And things are only set to get worse. Ed Butler speaks to climatologist George Zittis, who says urban temperatures could hit 60C later this century, which combined with rising humidity could render some places uninhabitable. In any case, it mean...
Jan 28, 2022•18 min•Transcript available on Metacast The British Government says the BBC license fee, paid by millions of households, to finance its global broadcasting service, will be frozen for two years and wants a debate about future funding. So what are the options for the Corporation? Rob Young explores the way public service broadcasters are funded around the world and talks to Ismo Silvo, the Deputy Chief Executive of the Finnish public broadcaster YLE and Chris Turpin, NPR's Chief of Staff. We get some analysis of the advantages and limi...
Jan 27, 2022•17 min•Transcript available on Metacast It’s no surprise to anyone that money talks in English football but lately it seems louder than ever. Hollywood stars Ryan Reynolds and Rob McElhenney recently bought a club in the English lower leagues, while the Saudi Arabian Public Investment Fund completed a controversial takeover of Newcastle United. Meanwhile, a founding club of the Premier League, Oldham Athletic, faces relegation into the non-league game after years of mismanagement. Vivienne Nunis asks, is private ownership the best way...
Jan 26, 2022•17 min•Transcript available on Metacast Mexico's cartels are thriving, and finding innovative ways to smuggle drugs across the border into the US, despite law enforcement and the pandemic. Ed Butler speaks to Dr Irene Mia of the International Institute for Strategic Studies, who says the closing of borders due to Covid has provided the cartels with a surprising shot in the arm, as they have proved far more adept at keeping their product flowing than many other legitimate international export businesses. Speedboats, tunnels, even catap...
Jan 25, 2022•18 min•Transcript available on Metacast Demand for beauty tweakments - small changes to your appearance – as opposed to full on face changing plastic surgery, is soaring. Hours spent on video conferencing has forced people to constantly scrutinise their appearance, so what exactly are people having done and how much does it all cost? Elizabeth Hotson speaks to tweakments fan, Eddie Wunderlich, a personal trainer and stylist at the Dop Dop salon in New York and we hear about the importance of appearance at work from Dr Stefanie K. John...
Jan 24, 2022•17 min•Transcript available on Metacast On this edition of Business Weekly, we look at the gaming industry’s biggest deal so far, as Microsoft stumps up nearly $69bn to buy Activision Blizzard, the company behind mega-games including Call of Duty and World of Warcraft. We hear how Microsoft wants to increase its slice of the gaming sector. Mobile stock trading apps have been booming in popularity during the pandemic, opening the door to millions of new, often young, or first-time investors. For many in the finance sector it is great n...
Jan 22, 2022•50 min•Transcript available on Metacast To some it may sound absurd to consider hairstyles a workplace issue, but for millions of men and women with African and Afro-Caribbean hair, it is just that. For decades, some hairstyles have been discouraged at work. But things are finally starting to change. In 2021 the US Airforce changed its hair code to be more inclusive. We explore the historic racism behind hair-based discrimination and hear from the women who have united to change attitudes and laws. We speak to businesswomen, historian...
Jan 21, 2022•18 min•Transcript available on Metacast How deep are your pockets? Are they big enough to carry all the things you need? Your money, keys and mobile phone? If you’re a woman, the answer is most likely a no. This little pouch has a lot to say about gender roles and a woman’s right to financial independence. We hear about the great divide in pocket designs that has existed for hundreds of years with Ariane Fennetaux, author of The Pocket: A Hidden History of Women's Lives, 1660–1900. We take a trip to London’s V&A Museum to see how ...
Jan 20, 2022•17 min•Transcript available on Metacast “Lying flat” - or tang ping - is a trend among mainly young Chinese to opt out of the rat race and it represents the antithesis of a development model that has delivered extraordinary growth for the country over four decades. The sentiment has been widespread enough to warrant a public condemnation from the President. Xi Jinping. Ed Butler hears from "Jeff," a computer developer from Hangzhou, but working in Beijing, who explains why he decided to give up on the Chinese dream in pursuit of a bet...
Jan 19, 2022•18 min•Transcript available on Metacast Mobile trading apps have been booming in popularity, opening the door to millions of new, often young or first time investors. For many in the finance sector it is great news, but questions remain about whether people always know the amount of financial risk they are taking on. One criticism in particular is that some of these new platforms look, act and react more like a video game than an investment platform. Is that the essential appeal that attracts new users, or does it just obscure the ris...
Jan 18, 2022•17 min•Transcript available on Metacast The pandemic has been very hard on commercial aviation, but most experts believe the sector will soon be growing again – fast. The BBC's Theo Leggett takes a look at what new technologies are out there. Sandra Bour Schaeffer, Chief Executive of Airbus Upnext, tells him what the aviation giant is planning for the future. Neil Cloughley, from the much smaller Faradair Aerospace, makes the case for why their hybrid-electric technology is the way forward for flying. On the other hand, Blake Scholl o...
Jan 17, 2022•17 min•Transcript available on Metacast 
