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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.




China seeks to dominate AI

US officials are warning about China's ambitions in artificial intelligence, saying that the country could come to dominate in the field, giving the country unprecedented military advantage. Chris Meserole, an AI researcher with the Brookings in Washington DC, explains the concern. Also in the programme, The social media platform Twitter amplifies tweets from right-leaning political parties and news outlets more than from the left, its own research suggests. The tech giant said it made the...


WeWork shares jump more than 13 per cent in public markets debut

Shares of the office-leasing company WeWork closed up more than 13.49 per cent on Thursday, after the company went public through a special purpose acquisition. We hear from Peter Eavis of The New York Times, who has been following the ups and downs of the company. A dispute between Brussels and Warsaw threatens to overshadow a summit for EU leaders. A Polish court recently found parts of EU law were incompatible with the country's constitution, and there have been calls from some quarters...


Brazil president rejects covid lockdown claims

President Jair Bolsonaro rejects claims that he prioritised the economy over his peoples’ health in Brazil, as people give moving testimony to senators, who want to bring criminal charges against him. Latvia re-enters lockdown – evening curfew, home schooling and working from home are all back in place. We speak to investigative journalist Inga Springe. An oil tanker has been marooned in the Red Sea off the coast of Yemen for years – loaded with crude oil, and rusting away, it’s stuck near...


NYC taxi drivers to go on hunger strike over debt

The yellow taxi is a symbol of New York, but the industry has collapsed under compounding economic pressures, and many drivers say the city’s response has been woefully inadequate. Now they’re planning a hunger strike. Medallions are permits that allow drivers to own their taxis. Buying one used to be a path to a middle-class life. With prices reaching $1 million, buyers were pushed toward reckless loans, while the city made a profit. The drivers have lobbied for relief and the city’s Taxi...


Amazon denies misleading Congress

The firm was questioned over its business practices and accused of copying other peoples’ products, and rigging search results to boost its own branded products. The US car giant Ford has unveiled a $300m plan to convert a plant in the UK to make electrical components. Plus, after a BBC investigation about online hatred against women, we hear from former Scottish politician Ruth Davidson and Love Island’s Kaz Kamwi about their experiences – and why tech companies aren’t doing as much as they...


British member of Parliament dies after stabbing

The British Conservative MP Sir David Amess has died after being stabbed multiple times at his constituency surgery in Essex, England. We get an update on the tragedy from Rob Watson, the World Service's political correspondent. Also in the programme, Italy has made it mandatory to prove Covid vaccination, or a negative test, to go to work. Thousands of workers at Trieste port have gone on strike over the mandate, and we get reaction to the new policy from Alessandro Borghese, who is a chef...


Microsoft shutting down LinkedIn in China

Microsoft is shutting down its social network, LinkedIn, in China, saying having to comply with the Chinese state has become increasingly challenging. It comes after the career-networking site faced questions for blocking the profiles of some journalists. We speak to author Greg Bruno, one of those who had his profile blocked in China. The BBC's Rahul Tandon reports on a power supply crisis in India, where more than 60% of the country's coal-fired power stations are suffering from fuel...


Putin denies Russia is using gas prices as a political weapon

Claims that Russia is using the high gas price as a political weapon are "drivel", according to President Vladimir Putin. His comments come as there is intense focus on the energy markets. Energy prices in the UK, Europe and Asia have hit record highs in recent weeks triggering inflation concerns. The International Energy Agency says that targets to limit global warming are in very real danger of not being met. Their chief energy economist Tim Gould explains what's going wrong and we get...


More supply chain disruption

UK, US and Chinese ports are all suffering from congestion for a number of reasons, compounding the disruption to global supply chains that started with the pandemic. LoriAnn LaRocco, maritime trade analyst and author explains why so many different parts of the world are suffering all at the same time. The IMF has lowered its projections for global economic growth and warns on inflation, meanwhile G20 countries pledge billions to support Afghanistan's economy, a former World Bank employee,...


Nobel economics prize awarded for real-life studies

This year's Nobel prize for economics has been shared by three recipients. David Card, Joshua Angrist and Guido Imbens were awarded the prize for their use of "natural experiments" to understand how economic policy and other events connect. Professor Card, of UC Berkeley, tells us about his work on the minimum wage. Also in the programme, with energy prices rising across the US and Europe, we ask David Shepherd, energy editor at the Financial Times to explain what's been happening. And the...


Global corporate tax deal draws closer

An agreed global minimum 15% corporate tax rate draws closer as Ireland signs up. Dr Brian Keenan is director of public policy at Chartered Accountants Ireland and discusses the background to the latest developments. Also in the programme, Chris Low of FHN Financial in New York wraps up the week on Wall Street, and reflects on some lower than expected US jobs figures. The BBC's Thomas Naadi reports on the problem of discarded 'fast fashion' clothing items from western countries ending up in...


US Senate to raise debt ceiling again

Leaders in Congress's upper chamber agree to extend the borrowing limit through December - we hear the ins and outs from the Financial Times' Lauren Fedor in Washington, DC. In China, abundant steel manufacturing casts doubt on the country's green commitments, as Robin Brant tells us from Wuzhou. The boss of Kraft Heinz warns of increased food prices due to inflation and Miguel Delaney of the Independent tells us about the purchase of Newcastle United by a consortium backed by Saudi Arabia....


Twitch hacked

Streaming platform Twitch has had its source code and payout details leaked online after a security breach - we talk to Mikael Thalen of the Daily Dot and to an agent representing one of the streamers whose details were included in the leak. Chip-maker Intel has opened a new factory in Arizone and the BBC's Samira Hussain was given a guided tour. In the UK, Amazon's first non-food, bricks-and-mortar store has opened - Neil Saunders of GlobalData Retail tells us more. The WHO approves a new...


Facebook hits back at whistleblower's claims

Frances Haugen, who worked at Facebook, told a US Senate committee that she believed the company had put its profits first when executives knew what harm its platform could do to children and democracy. Facebook has pushed back against claims. We get details from Kari Paul, technology reporter, Guardian US. Also in the programme, the electric car giant Tesla has been ordered to pay nearly $137 million to a former Black worker who said he suffered racial abuse at the electric carmaker’s...


Facebook, Instagram and WhatsApp hit by global outage

Social media services Facebook, WhatsApp and Instagram appear to be recovering after an outage that lasted almost six hours. All three services are owned by Facebook and could not be accessed over the web or on smartphone apps; we get details from the BBC's James Clayton. Also in the programme, a data leak, named the Pandora Papers, has shone a light on the previously secret financial affairs of the world's rich and powerful; we get global reaction to the revelations. Plus, the head of...


Stalemate in US Congress over $1 trillion infrastructure bill

The Democrats can't agree on the size of a separate social spending plan, which is holding up the vote. We get the latest from Nancy Marshall-Genzer, senior reporter at Marketplace, our sister programme on American public radio. Actor Scarlett Johansson has reached an agreement with Disney after she filed a lawsuit against the company in July over the way it released her film Black Widow - simultaneously in cinemas and on its own streaming platform. We get analysis from entertainment...


US Senate approves bill to avoid government shutdown

The US Senate has approved spending plans to avoid a government shutdown. We get an update from the BBC's Michelle Fleury in New York. At the same time, Democratic leaders are also trying to reach an agreement over a multi-trillion dollar spending programme. The BBC's Rob Young examines the background to the current impasse. Also in the programme, at the start of the coronavirus pandemic, German company CureVac was thought by many to be one of the best prospects to develop a Covid-19...


YouTube to remove vaccine misinformation videos

YouTube has said it will remove content that spreads misinformation about all approved vaccines, expanding a ban on false claims about Covid-19 jabs. Some people are looking for legal exemption from the vaccine, on religious grounds, for example, as we hear from Professor Dorit Reiss at Hastings College of Law, University of California. Also in the programme, US banking giant Citigroup is in court in New York to argue for the return of more than half a billion dollars accidentally...


China faces electricity shortages

There have been widespread power outages across China as the country lacks coal. James Mayger, China economy editor for Bloomberg in Beijing, explains the background to the problems. Veterinarian Dr Karen Emerson in Mississippi tells us how covid misinformation has her left and many other vets short of the animal de-wormer drug ivermectin, thought mistakenly by some to treat the coronavirus. Also in the programme, according to Anthony Wheeler, author of the book HR Without People, Human...


Power cuts hit north-east China

Residents in north-east China are experiencing unannounced power cuts, as an electricity shortage which initially hit factories spreads to homes. Philippe Benoit at the Center on Global Energy Policy at Columbia University, explains why this is significant. Also in the programme, Germany's centre-left SPD party has claimed victory in the federal election. Parties will now try to form a coalition government, the BBC's Victoria Craig in Frankfurt assesses what the outcome of the vote means for...