World Business Report

The Israeli Foreign Ministry is to reduce Turkish imports both to Israel and to the occupied Palestinian territories. It’s also appealing for sanctions against Turkey for violating existing trade agreements. Also, in the programme, we look at Brazil’s plans to propose a global annual tax for billionaires at the G20 in July

Last month, Ankara introduced partial restrictions citing being refused permission to drop aid into Gaza. Their response was to introduce restrictions on trade. Now, it appears that all imports and exports from Israel have been blocked. The country’s Foreign Minister, Israel Katz said this was "how a dictator behaves" "and they will lose." Also, in the programme, we look at Pandemic-era fitness darling Peloton is showing more signs of trouble, as the CEO steps down and announcing staff redundancies.

The Co-op Live Arena is Europe's biggest, with a capacity of 23,500. But fans have reacted with shock and confusion after it called off its opening concert at the last minute. We're outside the venue - and will ask what it means for the Co-op - which has bought the naming rights for the venue - but doesn't run it. Maersk, the world's second largest shipping company - says the Red Sea route might not be open for the rest of the year. Rahul Tandon asks what that means for the world's supply chain. Plus we hear from Japan as it continues to tackle a demographic issue - amid criticism from US President Joe Biden.

The US Federal Reserve says it needs greater confidence that inflation is easing before cutting interest rates. We get the latest from our correspondent in New York. The housing market is one of the industries most impacted by the higher cost of borrowing. We hear from buyers and sellers. And we have an exclusive interview with Pakistan's Finance Minister, Muhammad Aurangzeb, about the conditions the country has to meet after taking a loan from the International Monetary Fund.

Pakistan’s Finance Minister Muhammad Aurangzeb exclusively speaks to World Business Report about the latest and 24th International Monetary Fund bailout for the country - and says it should be its last. In this extended podcast version of the interview with Mr. Aurangzeb, he talks to Will Bain about the steps he thinks are necessary for Pakistan to achieve economic stability. The country's Prime Minister Shehbaz Sharif has previously said the disbursement of $1.1 billion by the IMF will help the country achieve that, amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan's $3 billion standby arrangement with the IMF which it secured last summer to help avert a sovereign default. Also, in the programme, we look at how the risk of flooding or landslides are affecting people living in Kenya.

Changpeng Zhao, the founder of the giant crypto exchange, Binance, will spend 4 months in a US prison. He had pled guilty to charges of enabling money laundering at the exchange. Ed Butler asks what it means for crypto. Meanwhile, in Argentina, a series of key reforms were passed which could spell privatization of a dozen companies. We speak to a former presidential candidate who says the reforms will spell trouble. Finally, Beijing, Brussels and Washington are preparing for a major showdown over electric cars.

Zimbabwe introduces a new currency, the ZiG, to tackle its high inflation. The Argentinian parliament has approved sweeping austerity measures which has triggered mass protests. We also hear from Ecuador, a country which in the late 90s successfully dealt with high inflation. And we hear from Bumble CEO Lidiane Jones on women in tech and the path to success.

Energy ministers from the Group of Seven (G7) major democracies have agreed to phase out the use of coal power by 2035, putting a critical timeline on the plans first announced last year in Dubai. Also in the programme, Ed Butler looks at the new spending cap set to apply to football teams in the English Premiere League. And, we hear about the retreat of the grocery courier firm Getir from Europe and the U.S, and the future of the sector.

America's top diplomat and the Chinese president have held talks in Beijing as both sides seek to stabilise relations. US Secretary of State Antony Blinken has warned that Washington will act if China does not stop supplying Russia with items used in its assault on Ukraine. Also, in the programme, Roger Hearing finds out how Egypt authorities dealing with the inflation and who created World biggest 3D printer.

Could the US Secretary’s visit to Beijing further improve the US-China relationship that still crackles with tension and suspicion? Devina Gupta speaks to Prof Henry Gao, an expert in global trade at Singapore Management University. Over to Haiti and it is day one of the new interim government there which is trying to crackdown on gang violence we speak to the boss one of the main telecom companies - about what it is like to do business in this chaos and his hopes for stability. Messaging app WhatsApp says it will leave India if it is forced to break its end-to-end encryption, that is mandated by India's 2021 Information Technology Rules. Finally – what does it mean for a female flight attendant to get a CEO position for an Asian airline company? We find out how this story made headlines in Japan.

The US economy grew by less than forecast in the first three months of this year but inflation gathered pace, which could delay an interest rate cut. Official figures revealed the economy expanded at an annualised rate of 1.6%, far below expectations and the growth seen in the final months of 2023. Meanwhile, inflation, which measures the pace of price rises, has increased.

Day trippers will have to pay €5 to visit the famous Italian city. The local government wants to discourage low-budget tourists who don't stay overnight in Venice. We get the latest. Mining giant BHP has proposed a buyout of Anglo American. The $39bn deal would forge the world's biggest copper miner in times when the price for this mineral is soaring. We look into the details. And we hear about the challenges US businesses operating in China are facing.

The US Secretary of State Antony Blinken travels to Beijing in an attempt to curb support for Russia's invasion of Ukraine. We look into the details. Boeing reports results after a difficult quarter, and what happens to movies once they have been taken down from streaming platforms? We find out.

The British government wants to deter migrants from crossing the English Channel illegally on small boats. We get the latest. Greece has come a long way from the sovereign debt crisis it fell into in 2009. But challenges still remain, we hear about them. And we take a look at Elon Musk's latest row, this time, with Australia's Prime Minister, Anthony Albanese.

Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales. The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year. Also, Vishala Sri-Pathma finds out of why government military spending increased in all five geographical regions and why Northern Ireland and its economy are betting big on film, TV and gaming.

US lawmakers could vote on a bill that corners the app's owner ByteDance with a stark choice: to sell or be banned. Also in the programme, the French government addresses shrinkflation concerns with a new rule that will require stores to tell customers when a product becomes smaller but its price stays the same or increases. And we look into why sales of wine have dropped in China.

After months of delay, the US House of Representatives appears poised to hold a vote this weekend on tens of billions of dollars worth of American military aid for Ukraine and Israel. The Republicans in Congress have been holding out on this issue for many months - tying it to immigration reform - but now House leader Mike Johnson says he's determined to bring the matter to a vote. Also, Ed Butler finds out why the number of bitcoin being produced will halve and what is happening in India as its general election begins.

The tech giant terminates 28 staff who protested against a contract signed with the government of Israel. We get the latest. India's Bombay Stock Exchange warns investors against a deepfake video of its chief executive officer. We find out why. And we take a look at what is happening inside the board of LVMH now that the chairman and CEO, Bernard Arnault, has integrated two more of his children.

The UN has estimated the global Cost of Corruption at some 5% of the world's Gross Domestic Product. Today our sister programme Business Daily has been looking at this - specifically through the lens of shipping, and the demands of routine bribery facing sea-farers. Many of the goods we buy and consume have at some stage reached us by cargo ship... But for the seafarers who make that happen, it’s not always an easy process. Ruth Alexander of Business Daily and The Food Chain tells more about this. Also, we hear from a very upset passenger, who's been trying to fly away from the destroyed by floods airport in Dubai. And we find out why a coalition of Nestlé shareholders is demanding to increase healthy food sales.

A Boeing engineer has told US lawmakers that he was harassed and threatened after he raised concerns about the safety of the company's planes. We hear from engineers and their claims. President Biden is set to call for a tripling of US tariffs on steel and aluminium. His demand for tariff hikes comes as he tackles fraught relations with China. Should players be excluded from betting on a game? The jury’s out for one NBA player who was given a lifetime ban by the NBA for breaching gambling rules.