World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Is the American economy out of the woods?
Economic growth in the US will be stronger than expected – but what does this mean for small businesses? We hear from an American business owner about the impact of an economic boom coinciding inflation.Also, a UK legislation to ban cigarette sales leads to questions being raised on how tax…
Global economy ‘resilient’ but may be headed for trouble
The global economy is set to grow 3.2% this year, slightly more than previously expected, according to the International Monetary Fund. It’s optimistic assessment in today's keenly awaited Global Growth forecast, suggests the world is heading for a soft landing rather than a crash over the next few months. Ed…
Tesla announces workforce redundancies
Redundancies are expected after Tesla announces it will lay off more than 10% of its global vehicle workforce.Also how has a rise in consumer spend affected America’s economy which is grappling with inflation?Plus, the truth behind truth social continues as we look how Trump Media shares have been falling. And…
The costs of conflict for business in Israel
Israel's economy is struggling in the wake of conflict with Hamas in Gaza. We hear from a start-up in the EV sector how tensions between Iran and Israel will affect businesses.Also, presenter Will Bain, looks at why Tesla is set to lay off more than 10% of its global electric…
Inside Ukraine’s energy crisis
On today’s program we find out why Ukraine is suffering its worst power crisis since Russia launched its invasion. Also, find out why South America’s largest economy is grappling with high inflation. Plus, activists have begun a hunger strike on the island of Tenerife, in protest at what they see…
The challenge to produce vaccines in Africa
Moderna has halted plans to build a Covid-19 plant in Kenya alleging the demand after the pandemic has fallen dramatically. Rahul Tandon explores the different challenges that keep Africa missing out on investments to develop vaccines and the consequence this has on the population. And shareholders of United States Steel…
The European Central Bank has held interest rates steady at a record high of 4%
As the European Central Bank holds interest rates steady at a record high of 4%, Vivienne Nunis asks whether the EU is ahead of the US in the race to reduce interest rates.We examine the economic relationship between Japan and the United States - as the Japanese prime minister Fumio…
Vietnamese billionaire sentenced to death for $44bn fraud
Property tycoon Truong My Lan has been found guilty of embezzling from one of the country's largest banks for 11 years, and given a rare death sentence. We get the latest from our correspondent. And as the political crisis deepens in Myanmar, we hear the latest report from the United…
Cost of living shock: US Inflation is up
Consumer prices in the US rose faster than expected last month. The CPI measure of inflation rose 3.5% over the 12 months to March, up from 3.2% in February, the US Labor Department said.How will the new law restricting abortion in Arizona affect the state’s clinics?Plus UK Paralympic legend Baroness…
EU court removes Russian oligarchs from sanctions list
The EU General Court removed Mikhail Fridman and Petr Aven off an EU sanction list
TSMC expands US chip manufacturing in Arizona
The world's largest chip maker, TSMC - The Taiwan Semiconductor Manufacturing Company, has announced it will take advantage of generous US subsidies to build cutting-edge tech in Arizona. The Biden administration has committed more than six billion dollars in subsidies and five billion in possible loans to support the plan.Also,…
Yellen's China visit comes to an end
As U.S Treasury Secretary, Janet Yellen, wraps up her four-day visit to Beijing, Rahul Tandon looks at what the trip could mean for future relations between the U.S and China.Tens of thousands of people in the gaming industry sector have lost their jobs in the last few months. Reporter Izzy…
Rare earthquake shakes New York
A rare earthquake that struck New York City has swayed landmarks and cracked roads. Roger Hearing has been speaking to a stockbroker who describes the moment of impact. We also hear from the co-director of the Global Resilience Institute Dr Daniel Aldrich about whether New York is prepared to withstand…
McDonald's buys back 225 outlets in Israel
McDonald's has announced its buying restaurants back, and bringing them in house - after the former franchise owner gave free meals to Israeli soldiers. That decision sparked a McDonald's boycott in many other countries across the world. We find out what happens when global brands and global politics collide.
Gucci splashes out on a new $1.3bn office in Milan
Gucci splashes out on a new $1.3bn office in Europe’s biggest property deal since 2022
US Treasury Secretary Janet Yellen to meet Chinese government officials
US Treasury Secretary Janet Yellen stresses the importance of maintaining trade relationships and dialogue between the nations, as she spoke to reporters in the southern Chinese city of Guangzhou. China accuses the West of feeling threatened by their cheaper exports to developing economies, but Yellen stands by her assessment that…
Taiwan quake to hit some chip output
We look at what the effects of chip suspension mean for Asia's semiconductor supply chain. Plus, Roger Hearing speaks to the executive vice president of Taiwan Residential Earthquake Insurance Fund to highlight the estimated cost of damage so far. Also, Zimbabwean president declares state of disaster due to droughtAnd finally,…
How has the Taiwan earthquake hit their semiconductors sector?
The devastating earthquake with a 7.2 magnitude has killed at least nine people and damaged buildings, sparking evacuations at microchip plants. The country is a huge player in the world of microchips - with many large factories supplying the likes of tech giant Apple and AI supremo Nvidia. Those factories…
Rebuilding Gaza estimated to cost $18.5 billion.
A World Bank and UN joint report estimates costs to rebuild Gaza’s critical infrastructure to be $18.5 billion dollars – we discuss how it could be funded. Plus have drivers fallen out of love with electric cars? Tesla and BYD report sale losses. We also look at why hybrid work…
China property developer Country Garden suspended stock on Hong Kong exchange
There was good news yesterday about Chinese manufacturing going up, but less good news toay for Beijing about its beleaguered property sector: the property development giant, Country Garden, has suspended trading of its shares in Hong Kong after delaying publication of its annual results. The firm said last week it…