World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
McCarthy ousted as Speaker
The US House of Representatives has voted to remove its speaker for the first time in history, following a motion introduced by the Republican Matt Gaetz. McCarthy had been criticised for reaching a temporary spending deal with the Democrats to avoid a government shutdown. Roger Hearing gets reaction to the…
FTX founder heads to court
Sam Bankman-Fried's trial begins in New York with jury selection. The executive is accused of seven counts of conspiracy and fraud over the collapse of the crypto exchange. We get the latest from our correspondent in New York. Evergrande's shares jump as trading in the firm resumes. The company halted…
Trump in court in fraud case
The former president faces a civil lawsuit and a fine of $250m for alleged fraud committed through the Trump Organization. Speaking outside the courtroom Mr Trump said the lawsuit was a politically motivated "witch hunt". Roger Hearing hears the latest from the case, and finds out more about what the…
The Trump Organisation on trial
The civil fraud trial against Donald Trump's empire begins in New York. The former US president and his two adult sons are also accused of inflating the value of their properties. We get the latest from our correspondent. Asia faces one of the worst economic outlooks in half a century,…
US government on brink of shutdown
The US is edging closer to a government shutdown after hardline Republicans rejected a last-minute funding deal in the House of Representatives. The latest on the UAW strikes in America with 7000 more workers at Ford and General Motors now set to join the industrial action. And Rahul Tandon speaks…
The deadline for the US shutdown getting closer
The US inched closer to a government shutdown as the prospects of a successful short-term funding deal grow bleaker. Congress faces a deadline of midnight on Saturday to pass a new budget before thousands of federal employees are placed on unpaid leave.
Turmoil in China’s property sector deepens
Shares in the property company Evergrande were suspended from Hong Kong trading on Thursday as the company confirmed that its billionaire founder and chairman, Hui Ka Yan, has been detained on suspicion of criminal activity. Rahul Tandon looks at the latest developments and what might happen next. Could the United…
Costly rebrand: FIFA to EA Sports FC
It's one of the world's best selling video games, but from tomorrow you won't find it on the shelves anymore... at least not in the same packaging. After 30 years - the football simulation game FIFA - is changing its name to EA Sports FC. Rebranding game hits the shelves…
UK gives go-ahead for biggest new North Sea oilfield in years
The controversial Rosebank offshore development off Shetland has been granted consent by regulators. Rosebank is the UK's largest untapped oil field and is estimated to contain up to 300 million barrels of oil. The plan has faced widespread criticism due to its impact on climate change. (Picture: Port of Cromarty…
Rosebank oil field: 300 million barrels of new oil in the UK
Rosebank, which lies about 80 miles north-west of Shetland, has been approved by the UK regulators the North Sea Transition Authority (NSTA). It's going to be one of the largest untapped oil and gas sites in the UK - containing up to 300 million barrels of oil.
Donald Trump is found liable for fraud in New York
Donald Trump "repeatedly" misrepresented his wealth by up to $3.6 billion to banks and insurers, a New York judge has ruled. The decision resolves a key claim made by New York's attorney general in her civil lawsuit against the former president. (Picture: Dubuque, Iowa - September 20: Former president Donald…
Pacific Islands Forum Summit: Biden makes new pledges to leaders
The US President Joe Biden met Pacific island leaders for a second White House summit. He pledged to work with Congress to provide $200 million more in funding for projects in the Indo-Pacific region aimed at mitigating the effects of climate change, spurring economic growth, countering illegal fishing and improving…
Hollywood writers reach ‘tentative’ deal to end strike
A tentative deal has been struck between a major US screenwriters union, The Writer’s Guild of America and studio bosses that could end five months of strike action. Details of the deal haven't been made public yet, but it’s understood agreement has been reached over writers' demands over protections from…
China's property crisis: how will it impact the economy?
Property giant Evergrande's financial problems have rippled through China's vast property industry, with several other developers defaulting on their debts. We look at this in more detail and and what’s likely to happen next for the sector – and the wider Chinese economy.
UAW strike expands to dozens of sites at GM and Stellantis
The move excludes Ford, which the UAW says is making more progress in talks. We take a look at the latest developments. The Russian military company Wagner has a new leader - business school grad Dmitry Sytii. We hear more about him and what this means for the firm. And…
UAW strike may spread to more US states
General Motors, Ford Motor and Stellantis are bracing themselves for more walkouts as the carmakers struggle to get a deal with the United Auto Workers union on key issues like job security and pay parity for temporary workers. The Polish president on Friday tried to ease tensions with its neighbour…
Rupert Murdoch's resignation: What now for Fox and News Corp?
The 92-year-old will become chairman emeritus of the two corporations. His son, Lachland Murdoch, has been named his successor. We look at what the future might hold for family-run media empire. And the cost of oranges has gone up this year as crop sizes have gone down across the world…
Rupert Murdoch steps down from running media empire
Rupert Murdoch has announced that he's stepping down from running one of the world's most powerful media empires. The ninety-two year-old says he's transitioning from his roles as Chair of Fox Corporation and Executive Chairman of News Corporation to the position of emeritus chairman. The European Union has temporarily suspended…
Brakes on Net Zero?
The UK Prime Minister, Rishi Sunak has announced an overhaul of the government's green commitments. He says it will still meet net zero targets by 2050. Rishi Sunak, described the changes as a new, realistic approach to achieving net-zero carbon use, which would help hard-pressed families.
US Fed to decide on interest rates
US Federal Reserve officials are expected to keep rates on hold for now. They currently sit in a range of 5.25 to 5.5 percent - the highest they've been for 22 years. But one consequence is that this is gumming up the US housing market because people are reluctant to…