World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Oil price plunges after Iran says Strait of Hormuz is open again
Iran's Foreign Minister says ships can again use the crucial Persian Gulf sea route while a ceasefire continues to hold. Markets have reacted sharply to the news. The price of Brent Crude fell 10 percent on the news. Shares in oil companies have fallen, while shares in airlines and other…
Jet fuel warning in Europe
The head of the International Energy Agency Fatih Birol says the blockade in the Strait of Hormuz could trigger what he calls the largest energy crisis the world has ever faced. He's warned Europe may have as little as six weeks of jet fuel left. It comes as airlines across…
Could Europe have ‘maybe 6 weeks of jet fuel left’?
That’s a warning from the International Energy Agency boss, Fatih Birol as the Middle East conflict continues to disrupt energy supplies. So what could that mean for airlines and travel? Plus, how did China’s economy grow by 5%, faster than expected despite the Iran war? And Australia’s fuel supplies face…
Trump threatens to fire Fed chairman
President Trump has threatened to fire US Federal Reserve chair Jerome Powell if he does not step aside next month, raising concerns over central bank independence and market uncertainty. Pakistan remains involved in diplomatic efforts over the US, Israel and Iran conflict, as questions grow over whether this could bring…
Pressure on US to ease global economic pain
World finance ministers meeting in Washington have been voicing their anger and frustration at the US because of the financial strains being placed on the global economy caused by its military offensive in the Middle East. Rachel Reeves from the UK described the US-Israeli war with Iran as 'folly' while France's…
IMF warns conflict could tip global economy into recession
With the Global recession warning from the International Monetary Fund, Andrew Peach looks at rising oil, gas and food prices, and how they could force central banks to keep interest rates higher for longer. Also, European airlines call for emergency support as the conflict disrupts aviation. And we ask whether…
IMF warns of global recession
In its World Economic Outlook report the International Monetary Fund says that, in a worst case scenario - where oil, gas and food prices spike and remain high this year and next - global growth could fall below 2% in 2026. That's if the US-Israel war with Iran continues and high…
Trump’s shipping blockade, the Philippines’ tax breaks, and Hungary’s political shakeup
As President Trump blocks ships travelling to and from Iran through the Strait of Hormuz, how will this affect Iranian oil exports? The Philippines has suspended taxes on paraffin and cooking gas to help keep food prices low; we hear from a chef who tells us how this will impact…
US blockade begins on Strait of Hormuz
The US has begun its blockade of the key shipping route the Strait of Hormuz after talks with Iran failed to reach an agreement. President Donald Trump says it's in response to Iran "knowingly failing" to reopen the strait. Iran says the blockade is illegal and has accused the US…
Inheritance: Samsung Episode 1
From a fruit and vegetable store to a global empire, Samsung’s story is more than business - it’s an epic family saga. Behind the success lies a dynasty driven by ambition, wealth, tradition and rivalries, where power struggles shaped not just the company but South Korea’s economy. Everyone’s heard of…