World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Cristiano Ronaldo's Portugal walkout could cost millions
One of the biggest names in world sport, Cristiano Ronaldo, has left the Portuguese national teams training camp, amidst speculation he could retire from international football. Ronaldo is the most famous Portuguese footballer of all time, the most well paid athlete in the world according to Forbes and his net…
US government borrowing costs hit the highest level since 2002
Government borrowing costs are rising sharply around the world, led by a sell-off in US government bonds. The yield on the benchmark 10-year US Treasury has climbed above 5.3%, its highest in more than two decades. Also, a US judge has cleared the way for Paramount’s $110 billion takeover of…
Ukraine has begun introducing emergency power cuts in Kyiv
Ukraine has begun introducing emergency power cuts in Kyiv as Russia steps up its attacks on energy infrastructure. Kyiv has been preparing for a renewed onslaught before winter begins, by building fifteen small scale power plants in heavily fortified concrete bunkers. We find out how businesses are operating. Also, will…
Kenya breaks ground on a major new oil refinery
The construction of a $16bn dollar oil refinery in Lamu, coastal Kenya is expected to create about 60,000 jobs and be completed within three years. It hopes to provide 1,000 megawatts of power generation, twice the capacity of his Lagos refinery, serving the needs of the Lamu refinery and beyond…
Trump: AI companies to self-regulate
On Tuesday Trump, Musk and tech CEOs signed a document they have referred to as the "Accord on Super Intelligence." We go to the U.S. to hear the latest. Manchester City has been found guilty of all charges by the Premier League. A former chairman of the club tells us…
US ban on Canadian exports comes into effect
A US ban on several Canadian imports, including alcohol, dairy and motorcycles, has come into effect as a trade war between the two neighbours drags on. We hear from two business owners about the impact on their US sales. Also, inflation in Spain has risen more sharply than expected, hitting…
Musk's SpaceX Starship orbits earth
Starship carried out two laps of the Earth – rather than the planned six – before SpaceX decided to end the mission early and bring it back to Earth. There was concern launch would not go ahead as planned when engineers found an issue with one of its six engines…
How will the latest US-China trade deal impact businesses?
The US and China are cutting tariffs on billions of dollars’ worth of goods. What does it mean for trade between the two countries? Plus, what’s pushing oil prices higher again? And why are some people in Ethiopia’s Tigray region struggling to access their money? Presenter: Bisi Adebayo Producer: Victoriya…
Manchester City found guilty of breaking Premier League rules
Independent panel finds City guilty on more than 100 charges after a lengthy investigation into financial rule breaches. Talks between US and China continue during President Xi's visit to Washington DC. And nearly three million Volkswagen and Audi cars are being recalled worldwide over a steering problem.
Much ceremony little substance between Xi and Trump
Both leaders toasted each other, agreed to an economic future together and little concrete has been announced. We hear how the visit has been received in both China and the US. Also, we hear from the boss of a shipping company on the challenges of navigating attacks and disruption, and…
What does China and the USA want from the state visit?
On today’s episode, we take a look at the stories shaping global business and markets. We discuss China’s state visit to the United States with Claire Reade, exploring the key issues and what the visit could mean for relations between the two countries. Cary Leahey joins us to discuss what’s…
Trump welcomes Xi to the White House
Xi Jinping has arrived at the White House to hold talks with Donald Trump, as the world's two biggest economies agree to extend their trade truce by two months China's stock markets have had their worst trading day in a month, with investors frustrated at the news. Elsewhere, Cambodia's Prime…
Presidents Trump and Xi prepare to talk trade, tariffs and tech
China's Xi Jinping visits Washington for a meeting with President Donald Trump. Also, how Cambodia is fighting financial scams. And why McDonalds is betting big on chicken. (Picture: U.S. President Trump Meets With China's President Xi At Zhongnanhai. Credit: Getty Images)
President Xi goes to Washington
President Trump will welcome China's leader to the US capital ahead of talks ranging from tariffs to energy costs to the future of AI. The trip is Xi's first state visit to the US in just under a decade and his third meeting with Trump since the US president began…
UN General Assembly: will diplomasy talks help the global oil market?
We're assessing where a busy day of diplomacy at the UN General Assembly has left the global oil market. Face-to-face talks have begun between the US and Iran. But President Trump also concedes that a peace deal is unlikely before November. Can the stretched global oil supply survive that long?…
Could a shortage of tankers keep oil prices high?
The prices companies are paying for shipping the fuel have risen 12 fold in the last few months. In that time Brent Crude oil has fallen below 100 dollars a barrel, relieving some pressure that the rising prices have put on inflation around the world. But there are concerns that…
What the paramount warner merger could mean for Hollywood
Paramount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery. We hear from the Hollywood film editor. Also in the show, we are looking ahead to talks between Presidents Trump and Xi Jinping this week and…
Novo Nordisk shares slide
Shares in Novo, the company behind Ozempic and Wegovy have fallen more than five per cent as the Danish pharmaceutical company sets out its future growth strategy. China and the US talk AI ahead of talks between the countries' leaders this week. And thousands protest in Barcelona against overtourism and…
Saudi Arabia halts October crude deliveries to some European refineries
The situation is a result of reduced deliveries of crude oil via Saudi Arabia's East/West pipeline which was attacked by Houthi rebels from Yemen. Warren Buffett's son Howard replaces him as Chair of Berkshire Hathaway. And we why US College football is coming to Wembley Stadium in London.
Japan is raising rates again
Japan's central bank has raised interest rates to their highest level since 1995, we'll be finding out how one business is feeling and will more rate hikes be the new normal. The Australian government is considering a total ban on smart glasses in its offices and schools over security concerns…