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Business Matters


Global business news, with live guests and contributions from Asia and the USA.

Global business news, with live guests and contributions from Asia and the USA.


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Global business news, with live guests and contributions from Asia and the USA.




Global rollout of Covid-19 vaccine may be 'massively unequal'

Poorer countries may not see the vaccine reach them as fast as richer countries, say experts. We speak to one doctor in India, at the centre of record-breaking coronavirus cases. Plus, wildfires continue to burn across America's west coast, with smoke reaching as far as Europe. Plus, Amazon's voice assistant, Alexa, will soon have a new voice - India film megastar, Amitabh Bachchan. We discuss all this live with guests Paddy Hirsch, editor of the NPR podcast 'The Indicator' from Planet Money...


Boeing's culture of 'concealment' led to fatal crashes

A report from the US shows the plane firm's secrecy led to the fatal 737 Max plane crashes. Plus, the Federal Reserve keeps interest rates unchanged, which should help recovery as stock markets like subdued news and minimal changes, says Susan Schmidt of Aviva Investors in the US. Plus, we hear from the dad who is taking YouTube Kids to court over its use of childrens' data - we speak with the BBC's Zoe Thomas for an overview, and parent Duncan McCann in the UK who is bringing the case, plus...


UN: Businesses 'destroy' nature's systems

A report from the UN talks of the world's failure to protect biodiversity and the responsibility of businesses to do something about it. The tariffs that the Whitehouse levied on China and which started the trade war in 2018 were "inappropriate" says the World Trade Organisation – but there is not much that can be done at the moment, as the BBC’s Samira Hussain reports from New York. Plus, as Asian economies get smaller in the coronavirus pandemic – as reported by the Asian Development Bank,...


Oracle confirms partnership with TikTok

Video sharing app TikTok's parent ByteDance has rejected an offer from Microsoft to buy the firm, amid US national security concerns. Oracle has now stepped in and has confirmed a partnership with the app. We speak to Scott Galloway, a professor of marketing at the NYU Stern School of Business. And the BBC's Ed Butler takes a closer look at the impact trade between the US and China is having on the upcoming US presidential election. Plus we have a report from Ijeoma Ndukwe exploring the...


Oregon wildfires: Dozens of people missing in deadly blazes

Dozens of people are missing in Oregon as wildfires continue to rage across the western US state. Meanwhile, misinformation about the source of the fires has been rife on social media. Journalist Shane Burley reports from Oregon on how these rumours are impeding journalists' ability to cover the fires. Also in the programme, Rio Tinto's boss is quitting after the destruction of Aboriginal sites in Australia. Netflix co-CEO Reed Hastings checks in with our sister station Marketplace to...


Citi gets its first female CEO

Citigroup has named a woman to be its new chief executive in a first for a Wall Street bank.Briton Jane Fraser, its current president and head of global consumer division, is to become its new boss when current chief Michael Corbat retires in February. Emily Flitter covers banking and Wall Street for The New York Times and explains the significance of the decision. Also in the programme, the EU is demanding the UK ditches plans to change Boris Johnson's Brexit deal "by the end of the month"...


LVMH scraps Tiffany takeover

French luxury goods giant LVMH has said it is pulling out of a high-profile deal to buy US jeweller Tiffany & Co. The Financial Times' Leila Abboud in Paris explains how French politics and transatlantic trade tensions played into the decision. Also in the programme, Governor Andrew Cuomo has announced New York City restaurants can reopen indoor dining at 25 percent capacity on September 30th. We'll hear from one Brooklyn restaurateur on her ambivalence about the new conditions. The BBC's Ed...


Daniel Prude: Rochester police leaders step down

The chief and other police leaders step down following accusations of cover-up in the Daniel Prude case, a black man who was hooded and restrained during an arrest. Michael Wilson is a reporter at the New York Times who's been covering the story. Also in the programme electric car company Tesla's shares tumble almost 20 percent after it failed to be included in the S&P 500 index. Richard Waters, the Financial Times West Coast Editor in San Francisco explains. And English composer and theatre...


US election campaigns focus on blue collar workers

In the US, it's Labour Day, dedicated to the achievements of American workers -also traditionally the start of all-out campaigning, for the November Presidential election. We look at how blue collar workers are faring in the pandemic and their importance in this election. We report on the latest angry stand off between the UK and the EU over Brexit and the terms of the withdrawal. And we report on sexism in the workplace, and its ugly twin, ageism, and how older women in the labour force are...


SoftBank revealed as Nasdaq 'whale'

It's emerged that SoftBank, the huge Japanese investment company headed by Masayoshi Son, has been taking massive positions in technology stocks which could be partly responsible for the recent tech rally. We hear from Robin Wigglesworth, one of the journalists who broke the story; he's the Financial Times' Global Finance Correspondent. And Chris Low from FHN Financial tells us how the market reacted to the revelations. In Brazil, ahead of much of the rest of the world, women footballers are...


Facebook tightens policy on political advertising

Facebook is pledging not to allow new political adverts in the seven days prior to the US election in November; we hear from Graham Brookie who tracks disinformation at the Atlantic Council. The French government has announced $118 billion of spending after the economy shrank by almost 14% between April and June; we hear from David Thesmar, Professor of Financial Economics at MIT Sloan. The English Premier League has terminated a $750m deal with a big Chinese firm, curtailing live matches on...


US debt set to get bigger than the entire economy

The Congressional Budget Office in Washington is warning that US government debt will likely surpass the size of the entire American economy next year; we hear from Wendy Edelberg, Director of the Hamilton Project at the Brookings Institution. We look into China's war on food waste and ask whether Operation Empty Plates will encourage Chinese people to throw less away. Plus Nick Collins, founding CEO of Sartorus Technologies and a member of a group called Kenosha for Trump gives us his...


President Trump visits Kenosha

As President Trump travels to Wisconsin to visit the city of Kenosha - the latest focus of violent street clashes - we speak to Nick Collins, a businessman who's part of a group called Kenosha for Trump. We get an update on the latest coronavirus restrictions in force in South Korea and as Australia prepares to announce its latest economic growth numbers, we speak to Jo Masters, Chief Economist at EY Oceania. Plus, the BBC's Mike Johnson meets families perilously close to eviction as the US...


India suffers record economic stagnation

We hear from businesses across India, as the country suffers a 23.9% fall in its economic growth, the worst on record, amidst one of the biggest single-day rises in coronavirus cases in the world. The start of the American presidential election campaign is in full swing, with the two candidates attacking each other over law and order, rather than the economy. And we'll hear the view from the English countryside on how a social media star stopped fears for the farming industry post Brexit. We...


Thousands gather at historic civil rights march

Tens of thousands of people have gathered in Washington DC demanding racial justice and equality 57 years after the original civil rights march headed by Martin Luther King. We hear from Edith Lee Payne, who was there as a 12 year old and whose photo is one of the most iconic ones taken at the 1963 march for jobs and freedom. Also on the programme, we go to New Zealand, asking how the county is faring as they come out of a second coronavirus lockdown and deal with what appears to be a...


Trump closes the Republican National Convention

Donald Trump accepts the presidential nomination in a speech live from the White House. This hasn't been entirely well received - with critics arguing using federal property for a campaign speech is unethical. Walmart joins Microsoft in bid for TikTok's US operations. TikTok has been given 90 days to sell its US arm to an American firm or face a ban in the country. Donald Trump has alleged it shares its user data with Beijing - claims it denies. Earlier on Thursday the firm's boss resigned...


Pence flags successes at the Republican convention

Mike Pence formally accepts the nomination to run as the Republican Party's vice-presidential candidate.The convention has coincided with unrest in Kenosha, Wisconsin - sparked by the police shooting of a black man. We hear about the latest instalment of the mega popular Call of Duty video game. And we ask which crops are the most resilient to climate change and will we have to learn to love some ancient grains all over again. Also on the programme - the future of work and what place, of...


American Airlines: 19,000 crew jobs could go

The fate of the airline industry in the pandemic mean it will have to make serious changes to survive – job cuts and government bailouts are weighing heavily on industry minds, says our airlines expert. Facebook bows to legal pressure from Bangkok, and blocks access in Thailand to a group illegally discussing the future of the monarchy. And fast food chain KFC drops its famous 'Finger Licking Good' advertising slogan during the pandemic. We discuss all this with Mitchell Hartman in Portland,...


Republican party begins vote rallying

At the opening day of the Republican Convention, we are picking apart the polls that show the President still has a mountain to climb if he wants to get re-elected. A little nudge can make the world a better place - but can it save us from a crisis? We look at the science of behavioural economics and nudge theory. A fight is breaking out in the Apple app store over the way Apple treats its sellers. It started with a gaming app, now Microsoft has waded in - and in the background the...


California ablaze

California is once again ablaze with forest fires - we look at how the state is coping with mass evacuations, smoke pollution and a pandemic. Turkey has announced the biggest find of gas in the country's history. We hear about Soul City in the US, designed as an economic engine for black communities after the war. Plus, the European hunt for minerals to go in electric car batteries and reducing the amount of methane gas which cows produce. We discuss all this with Elizabeth Gwynn – reporter...