World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Moody's cuts China's credit outlook
The credit rating agency is concerned about the country's rising debt and economic slowdown. We find out what it will take for China to gain back the markets' trust. An attack on three commercial vessels crossing the Red Sea has sparked doubts about the safety of one of the world's…
UK announces immigration crackdown
The UK government has announced measures to cut immigration which includes plans to raise the minimum salary required for foreign workers to be eligible for a work visa. We find out how this will affect the UK's workforce. We hear from a lawyer involved in the Purdue Pharma bankruptcy settlement…
Spotify announces 1,500 job cuts
The Swedish music streaming platform will axe 17% of its workforce to reduce costs blaming rising borrowing prices. We get the latest. A referendum in Venezuela has given overwhelming backing to the Caracas government's bid for the Essequibo territory, which is currently under the control of neighbouring country Guyana. We…
Venezuela-Guyana border dispute
The International Court of Justice has warned Venezuela to stop any action that would alter Guyana’s control over a disputed territory, in the Essequibo region, days ahead of a planned referendum.And Kristin Schwab, from our American partner, Marketplace, takes a look at the history of the shopping centre or "mall"…
COP 28 countries to include food production to tackle climate change
World leaders attending the COP 28 climate change summit in Dubai have signed up to a declaration aimed at reducing emissions from food production. The declaration says there is an urgent need to adapt food and agricultural systems as food production is responsible for a third of greenhouse gas emissions…
What is the COP28 loss and damage fund?
We look at the impact that COP 28 will have on the global economy as it announces that hundreds of millions of dollars will go into a loss and damage fund for poorer countries. Our presenter Rahul Tandon asks: is that enough? We also hear from the fashion industry which…
COP 28 summit warns of ‘climate collapse’
The UN Chief Antonio Guterres has told the opening of the COP28 Climate Summit in Dubai that this year is set to be the warmest on record – and urged world leaders to act. The summit is hosted by the United Arab Emirates, one of the world's top oil-producing nations,…
Ronaldo faces $1bn lawsuit over cryptocurrency ad
Footballer Cristiano Ronaldo has been named in a class action lawsuit in America after promoting a range of NFTs for Binance. The star is being sued for $1bn. Rahul Tandon finds out the latest from our correspondent in the US. We speak to the head of the European Commission about…
Uber's plan to allow London's iconic black cabs to use its app
Uber invites London's black cab drivers to its app but will it work after years of rivalry? We ask Uber's general manager in the UK, Andrew Brem.Nigeria's president, Bola Tinubu, has promised to significantly narrow the country's budget deficit. We listen to the details.And we talk to Margrethe Vestager, candidate…
India's PM praises tunnel workers’ rescue
Rahul Tandon looks at the rescue efforts of the workers who have been trapped in a tunnel in Uttarakhand, India for 17 days. He raises the questions about development in that area. We hear why some companies are giving up on advertising on social media platform X. And we find…
All 41 workers rescued from tunnel in India
41 workers in India who were trapped in a tunnel after a landslide have been rescued. The fast fashion online retailer Shein has filed confidentially to go public on the US stock market. Virgin Atlantic have become the first airline to send a commercial flight across the Atlantic powered only…
AI consequences ‘unimaginable’ says Mozilla boss
Roger Hearing talks to Mitchell Baker the CEO of Mozilla, one of the oldest and most influential internet institutions about her hopes and fears over AI.He also finds out just how much shoppers in the US spent on this Cyber Monday/Black Friday weekend. And there are doubts over the COP28…
UAE planned to make oil and gas deals during COP 28
Leaked documents revealed that UAE, hosts of the UN climate change conference COP 28, were planning to hold oil and gas talks with 15 countries. The documents were obtained by independent journalists at the Centre for Climate Reporting working alongside the BBC. Also, on the show what is a shadow…
TerraUSD boss Do Kwon could face charges in US or South Korea
The entrepreneur behind the $40bn collapse of crypto token TerraUSD, Do Kwon could be extradited to the US or South Korea to answer fraud charges following a court ruling in Montenegro. He sparked an international manhunt after fleeing an investigation in his native country of South Korea, following the sudden…
Ecuador: Business heir Daniel Noboa sworn in as president
35-year-old heir to a banana business empire Daniel Noboa has been sworn in as Ecuador’s new president, with a promise to create jobs and curb violence in a country gripped by a bloody drug war. Mr Noboa holds a degree in business administration from New York University and three master’s…
Far Right leader Geert Wilders set to win Netherland election
Geert Wilders is likely to be the new leader of the Netherlands. His far-right Freedom Party is set to win 37 seats with almost all the votes counted. "The PVV can no longer be ignored," he said. "We will govern." Mr. Wilders will have to form a coalition government. We…
New board for Open AI as Altman returns
The company brings in some established names to the top table, as former CEO Sam Altman comes back to his old job. Economist Larry Summers and former Twitter Chairman Bret Taylor are in with three members leaving the board as part of the shake up. Sam Fenwick hears what the…
Former CEO Sam Altman reinstated as OpenAI boss
Sam Altman will return to his job as CEO of artificial intelligence OpenAI, the non-profit behind the popular bot ChatGPT. Mr Altman was removed from his position on Friday. Staff at the firm threatened to resign if Mr Altman was not reinstated. Also on the show, another blow to crypto…
Binance boss pleads guilty to money laundering
CZ, the founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars. Changpeng Zhao said in a post on X, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and…
Microsoft Chief Executive Satya Nadella calls for change at OpenAI
Satya Nadella chief executive of Microsoft has called for change at OpenAI after it fired co-founder Sam Altman on Friday. Mr Altman was appointed to a senior role at Microsoft on Monday as hundreds of his former employees called for him to be reinstated. Microsoft is OpenAI's biggest investor. Also…