Business Matters-logo

Business Matters

BBC

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.

Location:

United Kingdom

Networks:

BBC

Description:

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

Language:

English


Episodes

British member of Parliament dies after stabbing

10/15/2021
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...

Duration:00:54:05

Microsoft shutting down LinkedIn in China

10/14/2021
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...

Duration:00:53:40

Putin denies Russia is using gas prices as a political weapon

10/13/2021
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...

Duration:00:50:55

More supply chain disruption

10/12/2021
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,...

Duration:00:52:56

Nobel economics prize awarded for real-life studies

10/11/2021
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...

Duration:00:53:35

Global corporate tax deal draws closer

10/8/2021
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...

Duration:00:52:47

US Senate to raise debt ceiling again

10/7/2021
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....

Duration:00:52:10

Twitch hacked

10/6/2021
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...

Duration:00:53:23

Facebook hits back at whistleblower's claims

10/5/2021
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...

Duration:00:50:55

Facebook, Instagram and WhatsApp hit by global outage

10/4/2021
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...

Duration:00:53:06

Stalemate in US Congress over $1 trillion infrastructure bill

10/1/2021
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...

Duration:00:52:16

US Senate approves bill to avoid government shutdown

9/30/2021
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...

Duration:00:53:36

YouTube to remove vaccine misinformation videos

9/29/2021
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...

Duration:00:52:35

China faces electricity shortages

9/28/2021
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...

Duration:00:50:29

Power cuts hit north-east China

9/28/2021
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...

Duration:00:53:06

Huawei's Meng Wanzhou released from house arrest

9/24/2021
Huawei’s Chief Financial Officer Meng Wanzhou is released after nearly three years under house arrest in Canada, the BBC’s Gordon Correra has the details. China’s central bank bans all cryptocurrency activity in the country, sending the price of Bitcoin tumbling – cryptocurrency author Glen Goodman tells us more. Marketplace’s Kai Rysdell talks toothpaste, deodorant and supply chain woes, and Victoria Craig is in Germany for the Bundestagwahl – the country’s general election. We discuss New...

Duration:00:59:50

Evergrande debt crisis continues

9/23/2021
The embattled Chinese real estate firm Evergrande reaches the deadline for interest payments on its bonds – will Beijing step in to shore up the company? We speak to Sara Hsu, Associate Professor of Economics at the State University of New York. Erin Delmore is in Berlin to take us through the last days of campaigning in Germany’s general election, the vote will decide who replaces Angela Merkel after 16 years as Chancellor. Speakers at the UN General Assembly address the inequalities of...

Duration:01:00:14

President Biden pledges 500m more vaccines to developing world

9/22/2021
President Joe Biden made the pledge at a virtual Covid-19 summit on the sidelines of the UN General Assembly, promising an "arsenal of vaccines". The additional jabs will see the total US commitment on vaccine sharing exceed one billion jabs. We'll hear from Lily Caprani, head of Advocacy for Health at UNICEF, Peter Maybarduk at the not-for-profit consumer advocacy organisation Public Citizen, as well as Thomas Cueni, Director General at the International Federation of Pharmaceutical...

Duration:00:53:27

President Biden calls for unity in United Nations address

9/21/2021
At the 76th General Assembly in New York, President Biden urged global cooperation to tackle the pandemic and climate change. He pledged to double US climate finance for developing countries by 2024, while China says it will stop financing coal plants abroad. But are these gestures, or real steps towards climate change? We ask Michael McFaul, professor of political science at Stanford University. There's been widespread fallout across Europe from rapidly rising energy prices. The BBC's Ed...

Duration:00:52:28

US lifts Covid travel ban for vaccinated passengers from the UK and EU

9/20/2021
Travellers will be admitted into the US from November, subject to testing and contact tracing. The announcement comes after a year of tough restrictions. We speak to Todd Knoop, professor of business and economics at Cornell College in Iowa, about the significance of the change. The Dow Jones index fell 1.7% on Monday over fears that the Chinese property developer Evergrande is struggling to repay its debts, which could impact big banks. Our correspondent Michelle Fleury explains the story....

Duration:00:53:27