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UK supermarkets warn of no deal Brexit food shortages

President of the European Commission Jean-Claude Mr Juncker has issued a dire warning about the consequences of a no-deal Brexit. Meanwhile, UK supermarkets have warned that without a deal there may be food shortages and price rises. The BBC's consumer affairs correspondent Colletta Smith reports from the northern English county of Yorkshire. One of the world's busiest airports, London Heathrow, has been stockpiling ahead of a possible no-deal Brexit. We speak to its CEO John Holland-Kaye. High level talks between the US and China aimed at resolving their long-running trade war are taking place in Washington on today. Tension over trade between the US and China has been having repercussions around the world. Our regular commentator Diane Brady explains how Canada's relationship with the US has been affected. Protesters have blocked roads and rail lines across Catalonia in a day of action in support of independence. Journalist Zach Campbell tells us more about the disruption in Barcelona. As we live longer, governments around the world are grappling with how to pay for spiralling healthcare costs. There are hopes that technology could help reduce some of this financial burden, as Katie Silver discovered at a recent health technology conference in London.

South Africa budget: state energy firm granted $5bn bail out

Around 19 million Russians are now believed to be living below the poverty line. In his annual state of the nation address, President Putin has promised to do more to address that. Ann Simmons, Moscow bureau chief for the Wall Street Journal, explains why Putin wants Russia to become more user friendly.
Glencore, the giant mining and commodity trading group, has promised to limit coal production following investor pressure.

King of fashion Karl Lagerfeld dies

Superstar fashion designer Karl Lagerfeld has died, aged 85, in Paris following a short illness. We get reaction from the London School of Fashion and Deborah St Louis, founder of Fashion's Finest explains just how influential he was in the fashion world. UK lawmakers have published a report into the environmental effect of the fashion industry, which calls for a green tax on clothes.

UK Parliamentary Comittee Demands Facebook Regulation

The UK Parliament's Culture, Media and Sport Select Committee is calling for tougher laws to force tech companies, particularly Facebook, to crackdown on fake news and disinformation. Ian Lucas MP, who sits on committee, explains why he thinks Facebook is failing when it comes to fake news. Saudi Arabia has pledged to invest $20 billion in projects across Pakistan.

South African power crisis continues

South African homes, offices and businesses have endured a week of daily power cuts, designed to prevent a total collapse of the overstretched electricity grid. The use of scheduled blackouts, or load shedding, is not new in the country - but the latest round has been the most disruptive yet, sparking a public outcry. As the state-owned power utility, Eskom, battles to meet demand, it has warned that it could run out of money by April, defaulting on its vast debt. Xavier Prevost, a senior analyst at XMP in Pretoria, explains why Eskom is struggling to keep the lights on.

After that, independent economist Michael Hughes joins to discuss what the Eskom crisis could mean for the wider South African economy.

Also in the show, British regional airline Flybmi has canceled all its flights and filed for administration. Sally Gethin is an aviation expert and runs Gethin’s Inflight News, and takes a look at the circumstances around Flybmi, as well as Norwegian Air's relentless expansion and the consortium looking to take over Alitalia.

A texas-based businessman is hoping to build a $1.5bn port in the small coastal town of Susah in Libya. Both the rival governments in Libya agree on the need for the country to develop new infrastructure, but it's unclear whether investors will feel comfortable putting their money into a project in such a volatile region.

And finally, Professor Paul Collier at Oxford University has a new book out, called The Future of Capitalism. He explains his view on how rich cities could be taxed higher to help those struggling.

Spain PM sets snap election for April

Spain's minority Socialist-led government lost the support of Catalan MPs over the budget. Our reporter in Madrid assesses whether deepening political divisions ahead of a new general election could affect the country's recovering economy. Also in the programme, Uganda's government has deported the chief executive of telecoms firm MTN Uganda. It's the latest in a series of deportations of executives from the firm. Nebert Rugadya is business editor of Radio One Kampala, and explains the background. Ahead of London fashion week, Tara La Rue of the Linden Satub agency tells us why some of the models will walk away from the catwalks in debt. We travel to RAF Cranwell in Britain to find out about a new test facility to help fighter pilots cope with the negative effects of G-Force acceleration. Plus we look back at the rest of the week's big business stories with Jessica Dye of the Financial Times, and Simon Long of The Economist.

(Picture: Pedro Sanchez announces an election. Picture credit: AFP.)

Amazon Cancels NYC Campus Plan

The internet giant has said it will not build a new headquarters in Long Island City after facing local opposition over more than $2 billion in subsidies it had been promised. Professor Ari Ginsberg from NYU's Stern School of Business thinks it's a lost opportunity. On Wall Street, there was a a bit of a downturn in the market. Cary Leahey from Decision Economics in New York told us it was down to a report about a drop in retail sales.

Airbus Scraps A380 Superjumbo as Sales Slump

European plane maker Airbus has pulled the plug on its struggling A380 superjumbo. Nicola Clark wrote 'Airbus: The First 50 Years', and tells us where things went wrong for the double-decker plane. Also in the programme, Germany narrowly avoided a recession during the final three months of last year, registering zero growth during the fourth quarter. Berlin-based businesswoman Stephanie Bschorr gauges the health of the country's economy. We hear from young people in Nigeria, about their hopes for a more prosperous future ahead of this weekend's general election. Our regular US economic commentator, Irwin Stelzer of the Hudson Institute, asks what Amazon's board may be making of its chief executive's spat with the US tabloid newspaper the National Enquirer. Plus, on Valentine's Day, our reporter asks whether when it comes to finding a life partner, you should let your heart rule your head, or the other way around.

(Picture: An Airbus A380. Picture credit: Getty Images.)

Hungary Tax Break To Encourage Baby Boom

Hungarian women with four children or more will be exempted for life from paying income tax, in plans to boost the population unveiled by the prime minister Viktor Orban, with Hungary's population falling by 32,000 a year. The BBC's Nick Thorpe gives us the latest from Budapest. Plus, Peter Jankovskis of Oakbrook Investments in Chicago on the day's trading on Wall Street.

Iran's Revolution 40 Years On

Forty years since the Iranian revolution, we assess the health of Iran's economy. Dr Sanam Vakil is a Middle East expert at the research group Chatham House, and tells us how much of an impact sanctions are having on the country. Also in the programme, an outbreak of equine flu has caused a shutdown of British horseracing. Lucinda Russell is a Scottish horse trainer who trained the winner of the 2017 Grand National, One For Arthur, and describes the financial fallout of the move. As the UK strikes a deal to ensure preferential trading terms with Switzerland after Brexit, Carsten Nickel of the consultancy Teneo describes the $40bn trading relationship between the two countries. Our reporter, Elizabeth Hotson, heads to Cologne, Germany, to the ISM Sweets and Snacks Fair, to find out why sales are still booming in spite of advice to cut back on sugar. Plus our workplace commentator, Peter Morgan, looks at the declining popularity of neckwear in the office.

Giant European Rail Merger Blocked

The European Union has blocked a proposed rail merger between Alstom and Siemens. Sam Wilkin of the Brussels-based online news service MLex discusses the implications. Also in the programme, music streaming service Spotify has revealed 29% growth in sales over the past year, and announced plans to buy two specialist podcasting companies. We discuss the future of our listening habits with Gennaro Castaldo of the British Phonographic Industry, and Phil Moore of streaming company Deezer. We have a report from Sweden on how the government there incentivises citizens to turn additional work outside the main day job into a proper business. Plus, six of the biggest online travel sites in the UK have been named by its Competition and Markets Authority for serious concerns about how they treat their customers. Cecilia Parker Aranha of the CMA explains the regulator's findings.

Several Countries Press Venezuelan President to Quit

Britain, France, Germany and Spain have joined other countries in calling for Nicolas Maduro to stand down. Protests have continued in Caracas amid the country's ongoing economic and humanitarian crisis. We get analysis from Professor Steve Hanke at Johns Hopkins University in Baltimore who has long followed the decline of Venezuela's economy. Businesses in Northern Ireland fear chaos if the UK leaves the European Union without a deal. We get the view of Stephen Kelly, chief executive of Manufacturing Northern Ireland. Independent economist Michael Hughes considers what's on the minds of central bankers in Australia, India and the UK as they review interest rates this week. Facebook celebrates 15 years of being online. We hear how regulators are pushing the company to protect the data of its users and to stamp out fake news and inappropriate content. We hear from Colin Baker, founder of Back from the Future and Irish Times technology columnist Karlin Lillington.

39 episodes

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