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, 2023•50 min•Transcript available on Metacast 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, 2023•49 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast 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, 2023•50 min•Transcript available on Metacast The US Federal Reserve chairman has said the central bank will continue to raise interest rates "if appropriate" as inflation remains "too high". Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen from a peak. The Director of the British Museum is stepping down over the way the institution under his leadership handled a series of thefts that have shaken its reputation. The international leg of Taylor Swift's Eras tour kicked off last night in Mexico...
Aug 26, 2023•50 min•Transcript available on Metacast The BRICS group of nations has invited six countries to join them. They are Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the UAE. We look at how some of these countries would benefit from joining this bloc. China suspends all seafood imports from Japan over the release of wastewater from the Fukushima nuclear power plant into the Pacific. Central banks from around the world are gathering in Jackson Hole, Wyoming for the start of the influential three-day economic conference. (The national ...
Aug 25, 2023•50 min•Transcript available on Metacast We look at how US government bonds have become a good source of income for investors. We hear from one businessman in Canada as wildfires spread across his neighbourhood. and we discuss why some of the biggest hotel groups in the world are helping to boost all-inclusive holidays
Aug 18, 2023•50 min•Transcript available on Metacast We discuss Joe Biden plans to boost the US economy through the landmark legislation known as the Inflation Reduction Act. We hear the arguments both for and against its potential to develop green industries in the US. We hear from the man who came up with the term BRICS to describe the economic alliance that binds Brazil, Russia, India and China. The countries came together two decades ago. And Sotherby’s in California is auctioning off twenty vintage Ferraris which came into their possession in...
Aug 17, 2023•50 min•Transcript available on Metacast Businesses in South-West of the United States explain how the weather is impacting them. India and Sri Lanka have announced that they will carry out feasibility studies on laying an oil pipeline across the narrow sea strait that divides them. Taylor Swift is the latest big name to take her international tour to Singapore but not Hong Kong. And, we discuss Burberry, the 170 year old high-fashion brand built on its British principles. (A sign warns of extreme heat danger on Death Valley National P...
Jul 22, 2023•50 min•Transcript available on Metacast Global wheat prices have risen sharply after Russia carried out missile attacks on military infrastructure near grain ports in Ukraine. And the new barbie film is on the way but this is not the only film and TV series we expect from the Mattel franchise. (Picture: TQ Samsun last grain ship off the Black Sea on July 17, 2023 after Russia announced that it withdrew from the Grain Corridor Agreement. Source: Getty Images)
Jul 21, 2023•50 min•Transcript available on Metacast Moscow notified the UN, Turkey and Ukraine on Monday that it would not renew the Black Sea grain initiative, accusing the West of not keeping its side of the bargain. The decision has been condemned by world leaders including the Secretary-General of the United Nations, António Guterres and the US Secretary of State, Antony Blinken. (A farmer holds grains in pictured July 16, 2023. Source: Getty Images)
Jul 18, 2023•50 min•Transcript available on Metacast A US court has given Microsoft the green light to buy the videogame maker Activision Blizzard in a deal worth $69bn. Microsoft said after the US win, it would focus on resolving concerns around competition in the UK. The tech giant's merger with the Call of Duty owner would be the biggest deal of its kind in gaming industry history. Bank of America has been ordered to pay out $150m (£116m) in penalties after it was found to have opened credit cards without customers' permission. (Picture: Call o...
Jul 12, 2023•51 min•Transcript available on Metacast Threads, the social media app aimed at rivalling Twitter, has signed up more than 100 million users in less than five days. The platform, launched by Instagram-owner Meta, has beaten a record set by Open AI's ChatGPT app. China’s consumer inflation rate was flat in June while factory-gate prices fell further, causing alarms about deflation risks and adding to speculation about potential economic stimulus. Could countries be soon mining the seabed? A meeting of The International Seabed Authority ...
Jul 11, 2023•53 min•Transcript available on Metacast The US Secretary of State, Anthony Blinken, is heading to Beijing to restore the line of communication between the two countries after a persistent economic and diplomatic tensions. Filipinos make up around a quarter of all mariners worldwide, but many find it hard to get proper care abroad because of confusing legal loopholes. And should tourists try their hand at haggling abroad – or just pay what they’re asked? (Picture: US Secretary of State Antony Blinken. Source: Getty Images)...
Jun 17, 2023•54 min•Transcript available on Metacast Leaders and representatives from various African countries are traveling to Eastern Europe in an effort to broker peace between Ukraine and Russia – and provide an Africa-led boost to the world’s economy. Roger Hearing is joined by ambassador Rama Yade from the Atlantic Council’s Africa Centre to discuss the visit. Foxconn, one of the biggest electronics manufacturers in the world, makes more than half of Apple’s products as well as goods for Amazon, Dell and Sony amongst others. But how is the ...
Jun 16, 2023•54 min•Transcript available on Metacast Roger Hearing looks at how the Federal Reserve has left the United States interest rates unchanged and steady for the first time in more than a year. However, its latest economic forecast suggest that more rate hikes lie ahead. Half of workers aren’t engaged on the job, putting in slightest effort to get by, according to research by Gallup. Employee engagement, a measure of involvement and enthusiasm at work, globally declined for the second year in a row. And the frenzy stoked by the start of t...
Jun 15, 2023•54 min•Transcript available on Metacast This week the EU votes on ways to regulate AI. Vice-President Margrethe Vestager leads the charge against threats posed by artificial intelligence. She tells the BBC that although the threat of human extinction ”probably does exist”, the likelihood is “quite small”. She says initial threats include discrimination, and criminals getting ahead of the police in understanding AI. This week European politicians debate the issue as they vote on the AI Act. It's the first law for AI systems in the West...
Jun 14, 2023•49 min•Transcript available on Metacast The U.S watchdog has asked a judge to block a $69 billion bid by Microsoft to buy Activision Blizzard. The gaming company makes ‘Call of Duty’ and many other titles. But the Federal Trade Commission (FTC) position on the deal is now closer to the that taken by the UK regulator. The issue hangs on claims the sale would give Microsoft's Xbox exclusive access to Activision games, leaving Nintendo consoles and Sony's PlayStation out in the cold. Also in the U.S, America's biggest bank, JPMorgan Chas...
Jun 13, 2023•49 min•Transcript available on Metacast President Biden has said that he should know by the end of Friday whether there is a deal with Republicans to raise the government debt ceiling, so it can continue to pay its bills. Mr Biden said things were looking good and he thought negotiators were very close to a deal. The two sides have a little more breathing room after the US Treasury Secretary, Janet Yellen, extended the debt ceiling deadline by four days, to 5 June. (Picture: U.S. President Joe Biden. Source: Somodevilla/Getty Images)...
May 27, 2023•54 min•Transcript available on Metacast Nvidia, a US firm which specializes in chips powering artificial intelligence, surged as much as 27% on Thursday, putting the company on course for record performance with a market cap above $900 billion. But where is the future of AI while there are raising concerns about regulation and safety? And have you ever heard of ‘greedflation’? Find out why price rises might be bringing out some unsavoury tendencies in retail. (Picture: The logo of NVIDIA is seen displayed on a mobile phone screen with...
May 26, 2023•54 min•Transcript available on Metacast It's day two of the G7 summit, and the leaders of the group of major developed economies are in the Japanese city of Hiroshima. So far the focus of their talks has been Russia and Ukraine - today there is another major issue on the table – China. The Indian government says it will start withdrawing its highest value currency note from circulation saying it is not widely in use. People have been asked exchange their two-thousand rupee notes (worth around twenty five dollars) for smaller denominat...
May 20, 2023•54 min•Transcript available on Metacast Royalty and dignitaries from around the world have arrived in London ahead of the coronation of King Charles. Many of them will be guests in Westminster Abbey on Saturday morning where the coronation ceremony will begin at 11 o'clock. Millions of other people across the UK and beyond are preparing to celebrate the coronation of King Charles III - a symbolic ceremony combining a religious service and pageantry. The day of splendour and formality will feature customs dating back more than 1,000 ye...
May 06, 2023•54 min•Transcript available on Metacast Apple has reported quarterly revenue and profit above Wall Street's expectations, fuelled by strong iPhone sales - particularly in emerging markets such as India (where the company recently opened its first stores). The US tech giant reported profits of twenty-four billion dollars ($24 billion) on revenue of ninety-four-point-eight billion dollars ($94.8 billion) in the first three months of this year. The US regional banking sector is coming under renewed pressure amid a crisis in confidence. T...
May 05, 2023•54 min•Transcript available on Metacast 
