World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
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…
How is the Baltimore bridge collapse impacting business?
A transportation business in Baltimore tells us about how they may have to take a hit to sustain their business as the Baltimore bridge is repaired. Also, the truth behind ‘Truth Social’ – we find out how shares in the business have plunged by 23% after reporting less than a…
China shows signs of economic recovery
China's factory output has grown for the first time in six months. Roger Hearing finds out more about why that is good news but the picture remains mixed. Turkey's main opposition party has claimed big election victories in the main cities of Istanbul and Ankara. In Japan overtime per week…
WTO warns against protectionism in the global economy
Today we lead with a warning from the head of World Trade Organisation Ngozi Okonja-Iweala about the impact protectionism could have on the global economy. Plus, we find out why Japan is relaxing its visa rules in a drive to boost foreign workers to fill vacancy gaps in certain professions…
WTO signals danger around trade protectionism
Today we lead with a warning from the head of World Trade Organisation Ngozi Okonja-Iweala about the perils of trade protectionism.Plus, we find out why social media has dubbed French President Emmanuel Macron’s visit to Brazil as a honeymoon than a diplomatic summit.Also, we look at how local businesses in…
WTO signals danger around trade protectionism
Today we lead with a warning from the head of World Trade Organisation Ngozi Okonja-Iweala about the perils of trade protectionism.Plus, we find out why social media has dubbed French President Emmanuel Macron’s visit to Brazil as a honeymoon than a diplomatic summit.Also, we look at how local businesses in…
WTO warns against fragmentation of the global economy
The director of the World Trade Organisation Ngozi Okonjo-Iweala says she is concerned about protectionism, which she doesn't think would work in today's world. The arms race in AI has been mostly a financial one but now it seems there's a race to grab talent too. We discuss this with…
Sam Bankman-Fried sentenced to 25 years in prison
On the show we find out how a Chinese smartphone maker Xiaomi has launched its first electric vehicle and is now securing orders. Plus, Should your employer be able to tell you how to wear your hair? We hear from a social influencer about how she’s been discriminated over her…
Sam Bankman-Fried sentenced to 25 years in prison
Founder of crypto exchange FTX has been sentenced for stealing billions of dollars from customers. Sam Fenwick talks to experts and a victim about the consequences of this ruling on the cryptocurrency market. We get the latest from our correspondent in New York.