World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
AI investors spark Asia shares sell-off
South Korea's Kospi index halts trading after huge falls for tech stocks like Samsung and SK Hynix. Are investors starting to fear the arrival of Chinese AI chipmakers? Also, firefighters in France and Spain are continuing to battle wildfires that have forced hundreds of thousands of people from their homes…
Spains tourism is at tipping point
From Barcelona to Mallorca, anti-tourism protests have spread as residents say booming visitor numbers are driving up costs and putting pressure on local communities. Wildfires are threatening France's famous Bordeaux wine region, with tourists urged to stay away as the flames spread. And why Germany is making it harder for…
Wildfires hit businesses across France and Spain
Wildfires are disrupting businesses, transport and tourism across France and Spain at the height of the summer holiday season. Also in the programme, China's leading memory chip maker makes a blockbuster stock market debut. And Indonesia faces fresh economic uncertainty after the surprise resignation of its central bank governor.
Paramount Skydance pauses its $110bn acquisition of Warner Bros Discovery
Paramount agrees to pause its Warner Bros deal after dozen US states seek to block this deal. We look at the impact of US tariffs of between 10 and 12.5% on imports from many of America’s major trading partners. And how OpenAI's recent rogue attack on a fellow company may…
Trump's favourite word is back
New import taxes have been placed on more than 60 trading partners of the United States. Businesses in Australia and Norway give us their reaction Tech stocks continue to struggle and should AI have a 'kill-switch' Presenter: Barbara George Editor: Justin Bones
Yemen's Houthi attacks create more uncertaincy for the oil markets
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignites fears for global energy supplies. Rising oil prices are impacting many industries including the travel sector. We speak to founder of Omio - one of the world's leading travel…
Petrol and gasoline prices set to go higher
The price of oil has gone back above $100 a barrel which could mean higher prices at the pump. It's after attacks on at least one tanker in the Red Sea by Iranian-backed Houthis Plus a shortage of eggs in Myanmar has led to prices soaring and the footballers rewarded…
Why AI technology 'went rogue'
Why OpenAI technology 'went rogue'? According to IT giant, some of its most advanced AI models went rogue and hacked a start-up after it lost control of them during a security test. Russia is feeling the economic impact of its war with Ukraine after drone attacks destroyed warehouses belonging to…
Brazil hit by US tariffs
New 25% US tariffs on selected Brazilian imports are raising trade tensions. What impact could they have on Brazil's economy? Also in the programme Malaysia's ambition to become Southeast Asia's next data centre powerhouse. And why a campaign encouraging Japanese office workers to wear shorts is causing controversy. Presenter: Gideon…
More US Tariffs on Canada
The US administration is hitting its neighbour Canada with a 50% tariff on imports. Products include wine, cement and even hockey sticks. We speak to Canadian businesses about how they are preparing for the latest round of tariffs. Also, President Trump has promised to help Lebanon "a lot" during a…
How will Trump's tariffs affect Canadian businesses?
US President Donald Trump has announced a new 50% tariff on a wide range of goods imported from Canada. We hear from a group representing auto manufacturers. Plus, another blow for Paramount in its bid to take over Warner Brothers And we look at the challenges facing clothes-makers in Bangladesh…
New Prime Minister, familiar challenge
The United Kingdom has its seventh prime minister in just over a decade. Like many leaders the world over, Andy Burnham has vowed to tackle the cost-of-living crisis and revive economic growth. But is it within his gift? And we find out why millions of passengers from outside Europe are…
Andy Burnham becomes the UK new prime minister
The UK gets its fourth Prime Minister in just five years - but what can he do for the economy? Russia feels the economic impact of its war with Ukraine after drone attacks hit the country's biggest online retailer. We hear from the business owner who lost all her goods…
Who really wins the World Cup?
Adidas sponsor finalists Spain and Argentina while Nike sponsor defeated semi-finalists England and France. How big a deal is this in the battle for sports branding dominance? We also hear what football fever in North America did for a local business that sells football shirts. And, Andy Burnham will become…
Asian shares sink despite AI boom
A sharp sell-off in AI stocks sweeps across Asia. India joins a select group of countries running hydrogen-powered trains. And Netflix shares fall after its latest outlook disappoints investors. Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Josh Martin
Canadian forest fires choke much of North America
Smoke from wild-fires covers much of North America. Toronto, Chicago and Boston are all under the smoke haze. Indian Government bans its seafarers from going through the Strait of Hormuz. And in Italy, thirty-two people were found guilty in connection with a bridge collapse in Genoa in 2018.
Profits surge at Apple and Nvidia supplier TSMC
The company TSMC is riding the artificial intelligence investment wave all the way to the bank, as profits surge at the Taiwanese advanced chip manufacturer. Our correspondent in New York City will dig into the latest jobs and spending data - has the city's big summer of events made consumers…
New York bans new data centres
New York becomes the first US state to impose a moratorium on building large-scale data centres. The measure, announced by New York's Governor Kathy Horchul, applies to all centres using 50MW or more of power and will remain in force for a year. We hear what the moratorium might mean…
Chinese EVs save economy from a serious slowdown
Chinese GDP growth slowed to 4.3% but success in electric vehicles and EV batteries boosted export earnings. We also head to Gibraltar where citizens and businesses of "The Rock" and Spain cheer the end of passport checks on the frontier border following the post-Brexit agreement between Spain and the UK…
US banks make huge profits
Big banks, big profits...We're looking at the handsome results posted by five big US banks today. We'll also look at threats to wheat exports in both Russia and the United States And why is American beef so pricey at the moment? (Picture: Close-up of benjamin franklin on scattered one hundred…