World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
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…
FTX sues founder’s parents over missing millions
The parents of FTX founder Sam Bankman-Fried are being sued for money they allegedly received from the crypto firm ahead of its collapse. Also, why retailers including H&M are clamping down on customer returns.
Oil price hits 10-month high
Global oil prices have reached their highest level in more than ten months. Brent crude rose above ninety-five dollars a barrel on Tuesday. The increase is being driven by production cuts by two of the world's largest oil exporters, Saudi Arabia and Russia. The International Energy Agency has warned of…
UAW strike enters fourth day
Union negotiators continued talks with representatives from General Motors, Ford and the Jeep-maker Stellantis today, as a historic strike by workers at America's top three car manufacturers entered the fourth day. The United Auto Workers union is seeking a 40% pay rise over a four year term, far more than…
UAW and automakers try to reach a final deal
The car workers strike in the US enters day 4 today with the president of the United Auto Workers union, Shawn Fain preparing to meet again with bosses at General Motors, Ford and Stellantis. The workers want a 40% pay increase - the same rate their CEOs’ pay grew in…
Biden supports UAW workers
US President Joe Biden has sided with workers who have gone on strike in a pay dispute with three of America's biggest car-makers. In a meeting on Friday he said "workers deserve a fair share". We hear what the workers are accusing the plants about which are owned by General…
UAW strike: thousands of workers at three of the biggest US carmakers have gone on strike
More than 10-thousand employees at three of America's biggest car makers have gone on strike over pay and conditions. It's the first time that the United Autoworkers Union has simultaneously targeted all three of the main US car manufacturers - General Motors, Ford and Stellantis.
US on the road to industrial action
Nearly 150 thousand U.S. auto workers are set to go on strike this week if General Motors, Ford, and Stellantis fail to meet their demands for big pay raises. Workers want a 46% pay increase and the restoration of concessions workers made years ago when the companies were in financial…