BBC World Business Report

US government borrowing costs hit the highest level since 2002

Loading player...
Government borrowing costs are rising sharply around the world, led by a sell-off in US government bonds. The yield on the benchmark 10-year US Treasury has climbed above 5.3%, its highest in more than two decades. Also, a US judge has cleared the way for Paramount’s $110 billion takeover of Warner Bros. Discovery. Manchester City’s main sponsor, Etihad Airways, is considering legal action against the Premier League. And in Japan, consumption of its national drink, Sake, has fallen to around a third of its 1970s peak, as tastes have shifted towards drinks including beer, wine and whisky.

Presenter: Bisi Adebayo
Producer: Guy Kilty
Editor: Justin Bones
1 Oct 11AM English United Kingdom Business

Other recent episodes

Oil hits $117 a barrel

In the U.S., President Trump's war in Iran has caused pain for low-income Americans. As voters go to the polls for nationwide Congressional elections, people are struggling to pay for food and fuel. The cost-of-living crisis deepens. Brazilians will be voting for a new president on Sunday in a run-off…
23 Oct 6PM 28 min

AI Spending Fears Hit Global Stock Markets

Technology stocks face renewed pressure across US and Asian markets as investors grow increasingly concerned about the huge sums being poured into artificial intelligence. Luke Wilson examines what's driving the uncertainty. Also, Greece becomes the latest country to introduce a social media ban for children. And Volvo announces 2,000 job…
23 Oct 11AM 11 min

Facebook-owner Meta fined $25 billion

A New Mexico judge has fined Meta for its handling of user data. It's the latest large legal payout for the tech firm, following an $18 billion settlement reached with California over child safety, and comes as it releases its latest financial results. Vulnerabilities in the PHP programming language have…
22 Oct 6PM 29 min

Cyber crisis continues for second day, with race to secure world's websites

For the second day, many websites around the world — including those of government agencies and banks — are down. These are due to vulnerabilities in PHP — a programming language that much of the internet relies on. One government cyber security official in Finland tells us how his government…
22 Oct 6PM 29 min

Major PHP Security Flaw Triggers Cyberattacks

Millions of hacking attempts have been detected after a major security flaw was discovered in PHP. We hear from the cybersecurity firm behind the discovery and a business whose website remains offline. Also, Electronic Arts shuts down BioWare after 31 years, cutting 400 jobs. And Airbnb is banning lengthy checkout…
22 Oct 11AM 10 min
All episodes