World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
South Korea bets $880bn on chips and AI
South Korea has announced plans to pump in least $880bn to strengthen its semiconductor industry and artificial intelligence capabilities in the coming years. And Comcast prepares to spin off NBCUniversal and Sky in a major media shake-up.
New York rent freeze: What next?
New Yorkers breathed a sigh of relief at the news of a rent-price freeze for a million apartments. In a recent win for Mayor Zohran Mamdani, a housing board approved his pledge to prevent leases from going up and we hear about what this means for both the landlords and…
Asia leads tech stock sell-off
Asia is bearing the brunt of the latest technology stock sell-off, as concerns that the excitement around artificial intelligence may have pushed prices too high. The late arrival of India's monsoon and below-average rainfall are causing concern for the country's 300 billion dollar agriculture sector. And King Charles’s property management…
What does the World Cup, Barbra Streisand, Levi's, and Heinz have in common?
FIFA is blocking logos from brands like Levi's, Heinz, and Beats at the World Cup. We find out why, and how the banned brands are turning the ban into a viral marketing moment. Micron Technology has overtaken Meta, Tesla, and Apple in market valuation, but most people have never heard…
Europe's heatwave: Too hot to tour?
Tourism is taking a hit as an intense heatwave grips Europe. Several countries have issued red weather alerts as temperatures soar. We hear from tourists and a tour guide sweating it out in Paris. Oil prices have fallen to their lowest point since the war began. But when will consumers…
Heatwave blasts western Europe
Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat. Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine. And prices for Grand Theft Auto 6 have been revealed.
Heatwave blasts western Europe
Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat. Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine. And prices for Grand Theft Auto 6 have been revealed.
Farming during Europe's intense heatwave
Farmers across Europe are trying to protect their crops as an intense heatwave grips the continent. Several countries have issued red weather alerts as temperatures soar. Meanwhile, an operation is under way to evacuate thousands of seafarers stranded in the Strait of Hormuz. Why have fuel sales to the public…
Russia's economy is hurting
Ukrainian drone attacks are causing fuel headaches for Russian motorists. Fuel purchases are restricted in much of Russia, with petrol pumps running dry in occupied Crimea. Tech stocks around the world have fallen sharply, led by Elon Musk's rocket and AI firm SpaceX. And it's exactly ten years since the…
UK PM announces resignation
Sir Keir Starmer says he will step down as Labour leader and UK prime minister. What does the political uncertainty mean for the British economy? Cape Verde has become one of the stories of the FIFA World Cup - what impact is the tournament having on its economy? And Alan…
UK PM Resigns: What Business Wants Now
Keir Starmer announces he is stepping down as Britain's Prime Minister, triggering a Labour leadership contest at a crucial moment for the UK economy. We hear from Rain Newton-Smith, CEO of CBI on what businesses will be looking for next. Plus, how SK Hynix overtook Samsung to become South Korea's…
World Cup hydration breaks give advertisers advantage
The World Cup hydration breaks are giving players the chance to cool off, but we look at why this is an advantage for advertisers. Venice is now charging day-trippers up to $11 to enter the city in the latest efforts to tackle over tourism, we take a look at what…
Edit India's biggest ever share offer
IPO aims to raise $4 billion for Jio Platforms hopes, the telecom unit of billionaire Mukesh Ambani's Reliance. Is the UK economy 6% smaller as a result of voting for Brexit in 2016? And Iran says ships won't be charged for passing through the Strait of Hormuz during the 60…
US lifts Iran naval blockade following US-Iran deal
The US has lifted its Iran naval blockade following the US-Iran deal. Both countries have signed a deal but what does it actually mean for the two nations? We head to Cuba where the government’s unveiled sweeping reforms, trying to steady an economy that’s really under pressure. And the Governor…
Eyes on the Strait of Hormuz as oil tankers start moving
US and Iranian officials have signed a 'memorandum of understanding' to end the war which began in March. Oil and LNG prices are expected to fall as ship traffic resumes. Dozens of Ukrainian drones have struck the biggest oil refinery in Russia's capital Moscow. Many parts of Russia have suffered…
Is Russia running short on fuel?
Donald Trump’s new Federal Reserve chair, Kevin Warsh, has held interest rates steady at his first policy meeting, despite being appointed with a clear expectation that borrowing costs would fall. What does it mean for ordinary business owners in the States? And we look how motorbike couriers smuggling Iranian fuel…
Ready, Fed, Go!
US Fed Chair Kevin Warsh who was appointed by Trump is to set to oversee his first meeting, but will he hold rates steady? In Japan, six major ice cream makers have been raided following accusations that they have unfairly raised prices. And the Boss of Mondelez who own Cadbury…
SpaceX overtakes Amazon to become world's fifth most valuable firm
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth most valuable company after a surge in its share price. Why are people keen to invest in commercial space? Also, Cuba's tourism feels the impact of US oil blockade as fewer people visit the country . We hear from…
Why is consumer spending falling in China?
China's consumer spending and investment have fallen to levels unseen since the pandemic but what does that mean for their economy going forward? Also Donald Trump shares more details on that Iran-US deal at the G7. And we'll be finding out why tourism is declining in the Caribbean island of…
How will a US and Iran deal affect global shipping?
The US and Iran agree deal to end war and could lead to supplies of gas and oil flowing more freely across the world. We hear from the Secretary-General of the International Maritime Organization (IMO) and from one of the world's biggest container shipping firms - Hapag-Lloyd. And as the…