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World Business Report

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World Business Report provides analysis of the big global business and economic issues, as they affect consumers, investors and the environment.

World Business Report provides analysis of the big global business and economic issues, as they affect consumers, investors and the environment.
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United Kingdom

Networks:

BBC

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World Business Report provides analysis of the big global business and economic issues, as they affect consumers, investors and the environment.

Twitter:

@BBCBusiness

Language:

English

Contact:

BBC World Service Bush House Strand London WC2B 4PH


Episodes

Update: Stocks settle after a volatile week

2/23/2018
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Chris Low from FTN financial says markets have settled after volatility earlier this week

Duration:00:03:46

China Seizes Control of Insurance Giant Anbang

2/23/2018
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In an unusual move, Anbang Insurance will be run by the Chinese government for one year. Tom Hancock of the Financial Times in Beijing explains why China has made the move. Also in the programme, Scotch whisky producers are taking the makers of German whisky Glen Buchenbach to court because they think the name makes it sound like it is Scottish. Jurgen Klotz of Waldhorn, which makes Glen Buchenbach describes his company's defence, and we get context from Edinburgh-based whisky consultant...

Duration:00:26:26

Update: US pharma industry hit with opioid lawsuits

2/22/2018
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The city of Brunswick, Ohio has joined hundreds of other jurisdictions across the United States to file a lawsuit against the pharmaceutical companies that make opioids. The epidemic of addiction has caused an extraordinary number of fatalities. We hear from Dr Richard Blondell, Professor of Family Medicine at the University at Buffalo in upstate New York and we also get the view of the man charged with overseeing the plethora of lawsuits against the opioid makers - District Judge Dan...

Duration:00:10:17

Ford Executive Leaves Over Inappropriate Behaviour

2/22/2018
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A top executive at the motor company Ford is sacked amid allegations of sexual misconduct. We hear more from Keith Hunt, a Chicago-based lawyer who has been handling cases for women who say they've been mistreated on the shop floor of two of Ford's factories in the city. Also in the programme, we have a report from Calais on preparations being made there for new customs rules after Brexit, and Oliver Conger of British manufacturer Rototherm discusses his concerns about any changes to customs...

Duration:00:26:53

Update: Australia slides further in global corruption index

2/21/2018
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Transparency International has published its latest Corruption Perceptions Index - assessing the perceived levels of public sector corruption in 180 countries. While countries like Senegal have climbed up this year's rankings, Australia's score has fallen. Maggie Murphy, Senior Global Advocacy Manager at Transparency International, explains why. Doug McIntrye, editor of the financial news and commentary website 24/7 Wall Street, assesses the latest minutes from the US Federal Reserve.

Duration:00:07:07

Update: Walmart shares plunge after disappointing results

2/20/2018
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US retailer Walmart has announced a 42% drop in earnings, despite an increase in sales. We ask Bryan Roberts, author of a book about the retail giant, if it is losing the online battle with Amazon. India is to allow private firms to mine coal for commercial use. The BBC's Suranjana Tewari in Mumbai explains the background. Also in the programme, as Venezuela launches its own oil-backed cryptocurrency, our regular economic commentator Roger Bootle assesses the health of the cryptocurrency...

Duration:00:10:58

India Opens Coal Mining to Competition

2/20/2018
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India is to allow private firms to mine coal for commercial use. The BBC's Suranjana Tewari in Mumbai explains the background. Also in the programme, as Venezuela launches its own oil-backed cryptocurrency, our regular economic commentator Roger Bootle assesses the health of the cryptocurrency sector. We have a report from Spain on a flurry of corruption scandals that have been plaguing politics in the country. US retailer Walmart has announced a 42% drop in earnings, despite an increase in...

Duration:00:26:44

Update: Israel and Egypt Signal Closer Ties with $15bn Gas Deal

2/19/2018
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The operators of Israel's giant gas fields have agreed to supply Egypt. Israeli prime minister Benjamin Netanyahu says it will boost the economy and strengthen diplomatic ties. Are more deals in the pipeline? We ask Tareq Baconi, a fellow with the European Council on Foreign Relations' Middle East and North Africa programme. Troubled Venezuela is launching a commodity-backed "petro" cryptocurrency. The BBC's Daniel Gallas explains why. Bank of Latvia's Ilmars Rimsevics has been arrested by...

Duration:00:11:07

Latvian Central Bank Boss Detained

2/19/2018
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Bank of Latvia's Ilmars Rimsevics has been arrested by Latvia's anti-corruption agency. Sanita Yemburger is executive editor of the Baltic Centre for Investigative Journalism in Riga, and brings us the details. Also in the programme, police in India have sealed off the Mumbai branch of a bank at the centre of a $1.8bn loan fraud. Sushma Ramachandran is a business journalist in Delhi, and explains the background to the case. The UK's Equality and Human Rights Commission has found that four in...

Duration:00:26:58

Latvia's Central Bank Governor Detained in Corruption Probe

2/18/2018
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Latvia's finance minister has called for Ilmars Rimsevics to step aside to protect the country’s reputation. Sanita Jemberger, executive editor of The Baltic Centre for Investigative Journalism, explains the significance of the move. Japanese exports have climbed for a 14th consecutive month, underscoring solid global demand for the country's goods. But Yuuichiro Nakajima, managing director of Crimson Phoenix, says policymakers will need to do more to secure a recovery in the world's third...

Duration:00:23:17

South Africa's New President Sets Out Vision

2/16/2018
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Improving education is just one of the many challenges facing the new South African President Cyril Ramaphosa, who is delivering his first State of the Nation address. Servaas van der Berg, Professor of Economics at the University of Stellenbosch, and Raymond Parsons from the Potchefstroom Business School, give their views on what the new president needs to do to tackle those challenges. Oxfam has announced an inquiry into allegations of exploitation by its staff. But will it be enough to...

Duration:00:26:56

New South Africa President Vows to Fight Corruption

2/15/2018
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The newly elected president of South Africa, Cyril Ramaphosa, told MPs he will seek to work with all political parties to improve peoples' lives. Addressing the parliament minutes after being elected, Mr Ramaphosa said he'd make the struggle against corruption one of his main priorities. We hear from business journalist Phillip De Wet. Also, why are Snapchat users unhappy with the recent re-design? And Cary Leahey from Decision Economics brings us up do date with the US markets.

Duration:00:10:01

New South Africa President Vows to Fight Corruption

2/15/2018
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The newly elected president of South Africa, Cyril Ramaphosa, told MPs he will seek to work with all political parties to improve peoples' lives. Addressing parliament minutes after being elected, Mr Ramaphosa said he'd make the struggle against corruption one of his main priorities. We hear from Alan Mukoki, the chief executive of the South African Chamber of Commerce, on what he thinks needs be done to turn around the country's fortunes. The Iranian currency, the rial, has lost a quarter...

Duration:00:26:57

South Africa's Jacob Zuma Resigns

2/14/2018
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Zuma resigned live on television, under pressure from the ruling ANC party. What will this mean for South Africa's economy? We speak to political analyst and author of the book 'When Zuma Goes', Ralph Mathekga. On Wall Street, inflation was the word on everyone's minds after the Consumer Price Index rose by half a percent. Doug Macintyre of 24/7 Wall Street in New York describes the impact this has had on investors.

Duration:00:09:04

South Africa's President: Resignation Push 'unfair'

2/14/2018
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President Jacob Zuma insists that calls for him to quit are 'unfair'. Increasing political turmoil has led to parties spotlighting his tenure, filled with allegations of corruption. We look at the latest twist in the saga: police have arrested three people in raids - including on the home of the Guptas in Johannesburg. In India meanwhile, the country's biggest banks have uncovered fraud worth almost $1.8bn at a single branch of the country's second largest state-run lender. We hear from...

Duration:00:26:57

Update: China Infrastructure Spending Raises Debt

2/13/2018
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China's debt is already 300% of its GDP. How does its spending plan compare with the US? We speak to Scott Kennedy, who heads the Project on Chinese Business and Political Economy at the Center for Strategic and International Studies in Washington DC. We also hear from Joe Saluzzi of Themis Trading in New Jersey. He tells us why share buybacks are becoming popular on Wall Street, and we catch up with Dutch author Ruther Bregman for his views on universal basic income.

Duration:00:13:18

Wall Street Update

2/12/2018
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Peter Jankovskis of Oakbrook Investments in Chicago reviews the day's activity.

Duration:00:02:27

Australia bank fraud and exploitation enquiry

2/12/2018
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Australian banks are under investigation, accused of customer exploitation and fraud. We hear from a whistleblower who tells us more about scandal in the sector - one of the most profitable in the world. We also head to Mozambique, to look at the fall of the country's ranking in every global development index. The BBC's Kim Gittleson looks at how secret loans led to Mozambique's financial isolation. And we look at why men don't take as much leave from work when their children are born - and...

Duration:00:26:27

Trump to Reveal Infrastructure Plan

2/11/2018
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President Trump will unveil his plans for infrastructure spending over the next decade. He wants individual states - and private companies - to meet some of the cost, which the Democrats oppose. We speak to Diana Furchtgott-Roth, a former economic adviser to President Trump. Speculation is rife in South Africa that President Jacob Zuma could be out of office within days. We get the latest from the BBC's Matthew Davies. And we hear about Norway's innovative method of recycling plastic bottles.

Duration:00:24:07

Barnier: Brexit Transition 'Not a Given'

2/9/2018
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Talks over a transition period after Britain leaves the EU appear to stumble. Guntram Wolff of Brussels based think tank Bruegel tells us whether today's development signifies the potential for real trouble ahead. Also in the programme, the Winter Olympics are under way in Pyeongchang, South Korea. Jonathan Cheng of the Wall Street Journal brings us a flavour of the geopolitics on show in the opening ceremony. As Italians prepare to go to the polls next month, our reporter finds out what...

Duration:00:27:01

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