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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.


United Kingdom




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




Dozens dead on US-Mexico border

An abandoned truck containing dead migrants has sparked horror in North America. The US-Mexico border is among the busiest, and most dangerous, in the world. Two journalists on either side of the fence - Allysa Tellez in San Antonio, and Lillian Perlmutter in Mexico City - look at the factors driving smuggling, violence and death. Some of the world's wealthiest nations have pledged further support for Ukraine, but China wasn't at the negotiating table. Independent economist Andy Xie provides...


US reverses abortion rights

A decision to remove constitutional abortion rights has deepened divisions in the US. Pro-life leaders have welcomed the Supreme Court's decision and a number of states are already changing their laws. Critics say it will be detrimental to women's health, and to the wider American economy. Rachel Fey from the pro-choice group Power To Decide tells us why. We're also joined throughout the programme by Rhona Vonshay Sharpe, the CEO of the US-based Women's Institute for Science, Equity and Race...


Afghanistan quake: Taliban rulers appeal to aid agencies to intensify relief efforts

The Taliban in Afghanistan have appealed for international support, as the country deals with the aftermath of a devastating earthquake which claimed the lives of over 1,000 people leaving another 1,500 injured, according to local officials. In Sri Lanka, the prime minister - Ranil Wickremesinghe says its troubled economy has collapsed and the country is unable to even pay for oil imports. Mr Wickremesinghe also said he is trying to put together a conference of donors, which would...


Russia warns Lithuania over rail freight block

Russia has warned Lithuania of 'serious' consequences after it banned the transport of certain goods to the neighbouring Russian territory of Kaliningrad. Lithuania says it is only following the EU sanctions imposed over Moscow's invasion of Ukraine. We speak to Rasa Ščiukinaitė, Lithuania Director of the British Chamber of Commerce in Vilnius. Elsewhere, a British subsidiary of the mining company Glencore has pleaded guilty in a UK court to corruption offences. We hear from Alexandra...


Zelensky: Africa a 'hostage' of Russia's war

Ukrainian President Volodymyr Zelensky has called Africa "a hostage" of Russia's war, during an address to the African Union. Speaking via video link, he said Russia is trying to exploit African leaders and their people by blocking the export of Ukrainian grain from its ports. In Zimbabwe, hundreds of public sector health workers and teachers have gone on strike with organisers saying they can't afford to feed their families. We hear from the Christine Kayumba, who's Vice President of the...


The World Trade Organisation reach overfishing agreement

Vivienne Nunis is joined by journalist and co-founder of the digital news startup,The Current PK, Mehmal Sarfraz in Pakistan, and Professor of Culture at Yorksville University, Ralph Silva, from Canada. We hear from Peter Allegeier the former US Ambassador to the World Trade Organisation and President of Nauset Global LLC, about the deal on banning fishing subsidies and President Putin’s reaction to the sanctions imposed on Russia. A BBC survey of more than 4 thousand adults in the UK shows...


The cryptocurrency crash

Vivienne Nunis is joined by contributing editor at NPR, Paddy Hirsch, from Los Angeles and Bloomberg reporter, Rebecca Choong-Wilkins, in Hong Kong. The value of bitcoin has fallen about 30% in the last 10 days. We hear from one of the youngest Bitcoin millionaires, Erik Finman, about how he got involved in the cryptocurrency aged twelve. The cosmetics company, Revlon, has filed for bankruptcy protection as it struggles against massive debts and stiff competition. Lauren Thomas from CNBC...


US makes biggest interest rate rise in almost 30 years

Vivienne Nunis is joined by Chief Executive Officer at Risk Cooperative Andres Franzetti and Member of the World Economic Forum’s Expert Network, Yoko Ishikura. The Federal Reserve said it would increase its key interest rate by three quarters of a percentage point to a range of 1.5% to 1.75%. We’re joined by two business owners in Georgia and California to get their reaction to the announcement. We find out what it means for the global economy. Yoko Ishikura talks about the impact on...


US gas explosion puts pressure on prices

We're talking all about the different crises gripping global energy markets in this programme. First, an incident at an LNG facility in Texas has caused uncertainty over global supplies, with futures prices plummeting. It could be months before the plant is back online. Europe - which is already dealing with reduced supplies from Russia - now faces a shortage. In Sri Lanka, the fuel crisis continues, as people are asked to work a four day week. With the whole world seemingly facing supply...


Famine looms in Ukraine's shadow

There are warnings people could starve across the globe due to food shortages caused by the war in Ukraine. The World Trade Organisation is seeking solutions to the crisis - we'll hear from UNICEF's Rania Dagesh along with University of Maryland economist Peter Morici, and Sushma Ramachandran, a Delhi-based independent journalist. Our live guests will also discuss turbulence in the Asian markets and a potentially lucrative deal in cricket's Indian Premier League. Also on Business Matters,...


The slow death of Covid travel restrictions

The travel industry continues its path to normality with Japan reopening its doors to international travellers after two years and the US dropping Covid-19 test requirements for airline passengers. We hear more from Yukari Sakamoto, who takes tourists on tours of food markets in Tokyo. Inflation in the US rose to 8.6% in May, the highest rate since 1981. Food and energy prices led the rally with double-digit rises, but increases continue to spread throughout the economy. We talk to a...


Investigation into Tesla’s autopilot function moves to next phase

The vehicle safety regulator in the United States has upgraded its investigation into Tesla's autopilot feature after more than a dozen of them crashed into parked first-responder vehicles in four years. Our North of America Business Correspondent Michelle Fleury tells us more about the probe. Japan's inflation rate is rising but nowhere near the historic records other countries are registering. However, being used to decades of stable and falling prices, Japanese shoppers are now in shock...


Talks to unblock Ukrainian grain stall as UN warns of unprecedented hunger

Negotiations in Turkey to lift the Russian blockade on Ukrainian ports and allow millions of tonnes of grain to reach poor countries have reached a stalemate. The war threatens to unleash an unprecedented wave of hunger and destitution around the world, says UN Secretary-General Antonio Guterres. In the Horn of Africa, people in rural areas are on the brink of starvation, as Hassan Khannenje, director of Horn International Institute for Strategic Studies, tells us. The EU has agreed that...


World Bank president says it's "very difficult" to see the other side of tough economic climate

In an exclusive interview, David Malpass, president of the World Bank tell us about the economic challenges facing the world as it recovers from Covid-19 and how the war in Ukraine is hitting developing countries. We also hear from Branson Skinner, from the Or Foundation, on how Ghana is encouraging recycling of used clothes in a difficult environment. We also hear about how Indians are coping with a series of punishing heatwaves and how they plan to hit ambitious climate targets. And, as...


UK Prime Minister wins confidence vote

The British Prime Minister has won a confidence vote, but now faces a sizeable rebellion from over 100 MPs within his party, leading to questions about his future. We'll be unravelling how the news is being received in North America with Hayley Woodin, executive editor of the business magazine Business in Vancouver. As Beijing is starting to re-open after months of lockdown, we'll be speaking to James Bayger, who covers the Chinese economy for Bloomberg, to find out what it could mean for...


Growth in US jobs in spite of fears of recession

Mixed signals are coming from the US labour market. While employment figures grew more than expected in May, the tech sector has started to step on the brakes in fear of a recession. Tesla's CEO Elon Musk has warned that the electric carmaker needs to cut about 10% of its staff, saying he has a "super bad feeling" about the economy. We ask Chris Low, financial analyst at FHN Financial what this means for the economy. It's been 100 days since the start of the war in Ukraine, and African...


OPEC agrees to accelerate oil production

Oil-producing countries vow to boost output by 50% in July and August to curb rising prices following the European Union's announcement of a major cut in Russian crude imports. We ask Kaushik Deb, a Senior Research Scholar at the Centre on Global Energy Policy at Columbia University, how effective this initiative can be. Leaving a tip can be a contentious issue. In India, the government is meeting with leaders from the restaurant industry to discuss whether or not an additional service...


Meta COO Sandberg leaves Facebook parent company after 14 years with the business

The Chief Operating Officer of Facebook's parent company Meta is stepping down after 14 years with the business. Sheryl Sandberg made the announcement on the social media site. We get reaction to her departure. As Shanghai reopens, we hear from a resident in the megacity. People in the Chinese economic hub have been living under strict coronavirus restrictions for two months. Ed Butler is joined by Andy Xie, an independent economist based in Shanghai, and New York-based political reporter,...


More of Europe faces Russian gas supply cuts

The Russian energy giant, Gazprom, is cutting gas supplies to the Netherlands and Denmark over their refusal to pay in roubles. It comes after the EU's decision to block most oil imports from Russia over the continuing conflict in Ukraine. Elsewhere, US President Joe Biden welcomes New Zealand Prime Minister Jacinda Ardern to the White House to discuss the security situation in the Pacific. Ed Butler is joined by Colin Peacock from Radio New Zealand in Wellington and CNBC business journalist...


EU agrees on Russian oil import ban

The European Union council president, Charles Michel, has confirmed that the EU has agreed to ban more than two thirds of Russian oil imports. The block also agreed on measures targeting Russia's largest bank and three state-owned broadcasters. Elsewhere, Chelsea Football Club is sold for more than $5 billion US dollars to an American investment consortium led by Todd Boehly. Sam Fenwick is joined by University of Maryland economist Peter Morici and entrepreneur and real estate investor...