World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
COP 28 summit warns of ‘climate collapse’
The UN Chief Antonio Guterres has told the opening of the COP28 Climate Summit in Dubai that this year is set to be the warmest on record – and urged world leaders to act. The summit is hosted by the United Arab Emirates, one of the world's top oil-producing nations,…
Ronaldo faces $1bn lawsuit over cryptocurrency ad
Footballer Cristiano Ronaldo has been named in a class action lawsuit in America after promoting a range of NFTs for Binance. The star is being sued for $1bn. Rahul Tandon finds out the latest from our correspondent in the US. We speak to the head of the European Commission about…
Uber's plan to allow London's iconic black cabs to use its app
Uber invites London's black cab drivers to its app but will it work after years of rivalry? We ask Uber's general manager in the UK, Andrew Brem.Nigeria's president, Bola Tinubu, has promised to significantly narrow the country's budget deficit. We listen to the details.And we talk to Margrethe Vestager, candidate…
India's PM praises tunnel workers’ rescue
Rahul Tandon looks at the rescue efforts of the workers who have been trapped in a tunnel in Uttarakhand, India for 17 days. He raises the questions about development in that area. We hear why some companies are giving up on advertising on social media platform X. And we find…
All 41 workers rescued from tunnel in India
41 workers in India who were trapped in a tunnel after a landslide have been rescued. The fast fashion online retailer Shein has filed confidentially to go public on the US stock market. Virgin Atlantic have become the first airline to send a commercial flight across the Atlantic powered only…
AI consequences ‘unimaginable’ says Mozilla boss
Roger Hearing talks to Mitchell Baker the CEO of Mozilla, one of the oldest and most influential internet institutions about her hopes and fears over AI.He also finds out just how much shoppers in the US spent on this Cyber Monday/Black Friday weekend. And there are doubts over the COP28…
UAE planned to make oil and gas deals during COP 28
Leaked documents revealed that UAE, hosts of the UN climate change conference COP 28, were planning to hold oil and gas talks with 15 countries. The documents were obtained by independent journalists at the Centre for Climate Reporting working alongside the BBC. Also, on the show what is a shadow…
TerraUSD boss Do Kwon could face charges in US or South Korea
The entrepreneur behind the $40bn collapse of crypto token TerraUSD, Do Kwon could be extradited to the US or South Korea to answer fraud charges following a court ruling in Montenegro. He sparked an international manhunt after fleeing an investigation in his native country of South Korea, following the sudden…
Ecuador: Business heir Daniel Noboa sworn in as president
35-year-old heir to a banana business empire Daniel Noboa has been sworn in as Ecuador’s new president, with a promise to create jobs and curb violence in a country gripped by a bloody drug war. Mr Noboa holds a degree in business administration from New York University and three master’s…
Far Right leader Geert Wilders set to win Netherland election
Geert Wilders is likely to be the new leader of the Netherlands. His far-right Freedom Party is set to win 37 seats with almost all the votes counted. "The PVV can no longer be ignored," he said. "We will govern." Mr. Wilders will have to form a coalition government. We…
New board for Open AI as Altman returns
The company brings in some established names to the top table, as former CEO Sam Altman comes back to his old job. Economist Larry Summers and former Twitter Chairman Bret Taylor are in with three members leaving the board as part of the shake up. Sam Fenwick hears what the…
Former CEO Sam Altman reinstated as OpenAI boss
Sam Altman will return to his job as CEO of artificial intelligence OpenAI, the non-profit behind the popular bot ChatGPT. Mr Altman was removed from his position on Friday. Staff at the firm threatened to resign if Mr Altman was not reinstated. Also on the show, another blow to crypto…
Binance boss pleads guilty to money laundering
CZ, the founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars. Changpeng Zhao said in a post on X, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and…
Microsoft Chief Executive Satya Nadella calls for change at OpenAI
Satya Nadella chief executive of Microsoft has called for change at OpenAI after it fired co-founder Sam Altman on Friday. Mr Altman was appointed to a senior role at Microsoft on Monday as hundreds of his former employees called for him to be reinstated. Microsoft is OpenAI's biggest investor. Also…
OpenAI employees threaten resignation over Altman sacking
Following the firing of CEO Sam Altman, almost all of OpenAI's 770 staff have signed a letter threatening to resign unless he is reinstated. Microsoft's stock reached a record high after it said Mr Altman would be joining the company to head its artificial intelligence innovation leg. Sam Fenwick hears…
Ousted OpenAI boss Sam Altman takes new position at Microsoft
Microsoft has hired Sam Altman, former boss of OpenAI best known for the artificial intelligence bot Chat GTP, 48 hours after he was dismissed from the company. Chief Executive Satya Nadella announced on X, (formerly Twitter) that Mr Altman had join the company as lead of a “new advanced AI…
Sam Altman ousted as CEO of OpenAI
Sam Altman, the head of artificial intelligence firm OpenAI, has been ousted by the company's board, which said it had lost confidence in his ability to lead the company. We look at what this means for the company going forward and who will be replacing him? Also is Amazon moving…
AI chief quits over ‘exploitative’ copyright row
Is it ok for tech firms to exploit other people's copyrighted work in order to develop artificial intelligence? AI routinely uses smart-learning to feed off existing internet content to train and develop its algorithms, and in many cases, that's someone's intellectual property. But is there a copyright issue here? One…
Would you buy a car from Amazon?
We buy everything online these days. But what about a car? E-commerce giant Amazon has partnered with Hyundai. The South Korean car giant will be the first brand sold on the site. We hear why this deal will change the way we buy cars going forward. We take a look…
Joe Biden hails progress after Xi Jinping talks
China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi Jinping told American executives in San Francisco on Wednesday. President's Xi and Biden announced steps to tackle the flow of the opioid fentanyl into the US,…