World Business Report



The latest business and finance news from around the world from the BBC


  • Update: Sales at luxury goods group LVMH up 84%

    26/07/2021 Duración: 07min

    The world's biggest luxury brand made sales of $17 billion in the three months to June. Its sale for the first half of the year were also 11% higher than pre-pandemic levels. Julie Zerbo is the founder and editor of The Fashion Law website and tells us how LVMH has survived the pandemic. And independent economic analyst Peter Jankowskis tells us about the latest earnings reports from Tesla and Hasbro.

  • Ministers set agenda for COP26 as floods continue in Europe

    26/07/2021 Duración: 22min

    Environment ministers met in London as flash floods sent parts of the city under water. They set the agenda for COP26, the international climate change conference taking place in November. But are the politicians doing enough to tackle the effects of climate change? We speak to Dr Sarah Ivory, director of the Centre for Business, Climate Change and Sustainability at the University of Edinburgh Business School. And as Australia heads back into lockdown to limit cases of the Delta variant of COVID-19, we speak to Sarah Hunter, chief economist at Oxford Economics about how that is likely to affect the country's economy.

  • Update: Coffee prices hit seven year high

    23/07/2021 Duración: 07min

    Coffee prices have hit a seven year high following severe frosts in Brazil. Kona Haque from global commodities merchant ED&F Man explains what the impact will be on farmers and consumers.

  • Bangladesh imposes strict lockdown

    23/07/2021 Duración: 26min

    Bangladesh has imposed strict lockdown measures, after a spike in coronavirus infections. The BBC's Nagib Bahar in Dhaka explains the new restrictions. During previous lockdowns the important garment sector was allowed to continue production, but factories have been told they must also close for a fortnight, and we get reaction from Rubana Huq of Mohammadi Group, which makes products including shirts and blouses. Also in the programme, we hear about a sharp rise in the share price of Indian food delivery app Zomato, which listed on the Mumbai stock exchange today. Segun Lawson is chief executive of Thor Explorations, and he tells us about the process of setting up Africa's first industrial-scale gold mine. Plus, we find out why Crocs shoes are proving more popular than ever from Teo van den Broeke, who is GQ magazine's style and grooming director.

  • Update: Major firms hit by global internet outage

    22/07/2021 Duración: 06min

    Several popular websites were sent offline due to a problem connecting users, or a DNS error. Companies affected included AirBnB, McDonald's, HSBC and British Airways. We speak to Jason Crabtree, founder and CEO of cybersecurity company Qomplex, who explains what happened. And Cary Leahey of Decision Economics brings us up to date with today's movements on Wall Street.

  • Concerns over US-German Nord Stream 2 deal

    22/07/2021 Duración: 26min

    We hear why Ukraine is concerned by a US-German deal over the Nord Stream 2 gas pipeline. The pipeline will bring gas from Russia to Germany, bypassing Ukraine, and Thierry Bros of the Paris Institute of International Studies explains the background. And we get reaction to the new agreement between the US and Germany aimed at preventing Russia from using the pipeline to exert political leverage over Europe, from Ukrainian politician Hanna Hopko, who previously chaired the parliamentary committee on foreign affairs in Kiev. Also in the programme, the Saudi Aramco oil giant has been hacked, and now faces demands to pay a ransom to avoid stolen data being released. We find out more from Chris Kubecka, who is a computer security researcher who got Saudi Aramco's network back up and running after a cyber attack in 2012. A day before the opening ceremony of the Tokyo Olympics, the BBC's Sasha Twining reports on what the event has cost Japan, and how much of that money it is likely to be able to recoup. Plus, we hea

  • Update: China faces extreme flooding

    21/07/2021 Duración: 14min

    Zhengzhou, a central Chinese city, with 10,000,000 inhabitants has been paralysed by record-breaking floods and more rain in one day than it usually gets in a year. So how the climate crisis be tackled? We get analysis from Micheal Mann, distinguished professor of atmospheric science at Penn State University and the author of The New Climate War. Also in the programme, UNESCO has decided to strip Liverpool of World Heritage status, saying new developments resulted in a "serious deterioration" of the historic site. But do these titles mean that much to a city’s prospects or prosperity? We get analysis from Liam Thorp of the Liverpool Echo newspaper. And Peter Jankovskis brings us the latest news from the financial markets.

  • China faces extreme flooding

    21/07/2021 Duración: 26min

    Following several extreme weather events we ask if businesses can adapt to climate change. Victoria Crawford is from the World Business Council for Sustainable Development. Also in the programme, to visit a French museum, gallery or cinema from today, you will need a Covid passport demonstrating vaccination, a recent negative test, or recovery from coronavirus in the past six months. Foulques d'Aboville is administrator of the Jacquemart-Andre museum in Paris, and gives us his reaction to the development. The electric car maker Tesla says it will open up its 25,000 strong global network of fast chargers to electric cars made by other companies. Jaap Burger of the Regulatory Assistance Project in the Netherlands advises governments on how to decarbonise their economies, and tells us how significant a move this is by Tesla. Plus, the BBC's Nisha Patel reports on the potential future economic impact of school coronavirus closures on the next generation of the world's workforce, whose education was impacted since

  • Update: New York reaches opioid settlement

    20/07/2021 Duración: 06min

    New York's attorney general has reached a $1.1bn settlement with a number of pharmaceutical firms over their alleged role in the prescription opioid epidemic. We hear more from Carl Tobias, a Professor of Law at the University of Richmond. Plus, Joe Saluzzi from Themis Trading in New Jersey brings us the latest from the financial markets.

  • Space tourism race gathers pace

    20/07/2021 Duración: 26min

    As Amazon's Jeff Bezos blasts to space on his rocket, we look at the space tourism race. Bezos's Blue Origin joins Elon Musk and Richard Branson in the club of very rich people with big ambitions on the rest of the universe, and Dr Maggie Lieu, an astrophysicist at Nottingham University, brings us the background. Also in the programme, the Centre for Global Development claims that excess deaths in India are ten times higher than normal, meaning the death toll from coronavirus could be in the millions, rather than the official estimate of around 400,000. Professor Uma Kambhampati is head of the School of Politics, Economics and International Relations at the University of Reading, and discusses the implications. The BBC's Tamasin Ford reports on the Vatican trial of Cardinal Angelo Becciu, who has become the highest-ranked cleric in the Vatican to be indicted on charges that include embezzlement and abuse of office. Plus, our regular workplace commentator, Peter Morgan, considers the future of work after the p

  • Update: US advises citizens against UK travel

    19/07/2021 Duración: 10min

    In a blow to the UK's tourist and aviation industries, the CDC has advised US citizens against travel to the country. We hear more from travel expert, Simon Calder. And as most remaining coronavirus restrictions are lifted in England, the number of cases continues to rise and hundreds of thousands of people are being asked to isolate by the official Test and Trace mobile phone app. Tony Sophoclides is strategic affairs director at UK Hospitality, and explains the impact it is having on the bars, clubs and other leisure venues its members run. Plus we get the latest news from the financial markets from independent markets analyst, Peter Jankovskis.

  • The collapse of Florida's Champlain Towers South

    19/07/2021 Duración: 26min

    We examine the causes of last month's collapse of Champlain Towers South in Florida. Almost a hundred residents are now confirmed to have died in the disaster, and Steve Rosenthal, who lived in the building, tells us he was lucky to escape with his life. Ana Bozovic is a real estate agent who works near the collapsed block, and discusses the red flags that were raised about Champlain Towers South in the past. And Benjamin Schafer, who is a structural engineer and professor at Johns Hopkins University explains one of the main theories about why the building's structure failed so catastrophically. Also in the programme, as most remaining coronavirus restrictions are lifted in England, the number of cases of coronavirus continues to rise. That's given rise to what's been dubbed the 'pingdemic', where hundreds of thousands of people are being asked to isolate by the official Test and Trace mobile phone app, because they came into contact with someone who subsequently tested positive for Covid-19. Tony Sophoclides

  • Covid rules ease in England

    19/07/2021 Duración: 22min

    From Monday there will be no limits on how many people can meet or attend events, nightclubs can reopen and table service will no longer be compulsory in pubs and restaurants. And responsibility for ensuring people take precautions to prevent the spread of coronavirus while out shopping will be passed to owners of stores. However there is a fear is that shop workers will face a bigger risk of getting infected, as we hear from Andrew Goodacre, Chief Executive of the British Independent Retailers Association. And will people still wear masks now that it's no longer legally required? We get analysis from Doctor Katie Attwell, a vaccination, social science and policy expert at the University of Western Australia. Meanwhile OPEC and allies like Russia have agreed to increase production from next month, aiming to keep a lid on rising crude prices; independent economist Michael Hughes tells us whether these aims are likely to be achieved. China is banning the construction of very tall skyscrapers, after a 70 storey

  • Update: World leaders pledge to tackle effects of the pandemic

    16/07/2021 Duración: 07min

    The 21 leaders of the Asia-Pacific Economic Cooperation have met today (albeit virtually) to pledge urgent action to tackle the health and economic effects of the Covid 19 pandemic. Eric Martin of Bloomberg News in Washington DC gives us more context about what was discussed. And Kai Ryssdal, host of the Marketplace programme on American Public Media, has been talking to David Britt, who chairs the county's Economic Development Committee in Spartanburg County in South Carolina. He tells us how the county is creating jobs and boosting business in the wake of the pandemic.

  • China launches carbon trading market

    16/07/2021 Duración: 26min

    China has launched the world's largest carbon trading market in a bid to curb emissions. The BBC's Andrew Walker explains how such schemes work, and we ask Sha Hua of the Wall Street Journal whether the new market is likely to achieve its goal. Also in the programme, it's 40 years since what we now call HIV and AIDS were first recorded in the United States. The UN had hoped to eliminate the disease by 2030, though the target appears to be slipping. The BBC's Lucy Burton assesses progress so far, and finds out where help might come from. Plus, new research indicates that not attending gigs and music festivals can prevent people discovering new music. Ricky Wilson is lead singer of the British indie rock band the Kaiser Chiefs, and gives us his perspective.

  • Update: US-German relations

    15/07/2021 Duración: 08min

    President Joe Biden and German Chancellor Angela Merkel met in Washington. As deadly floods hit Germany, climate change is on the agenda. We speak to Matthias Matthijs who teaches at Johns Hopkins University's School of Advanced International Studies. And Cary Leahey from Decision Economics in New Jersey brings us the latest markets news.

  • South Africans face supply chain problems

    15/07/2021 Duración: 26min

    After days of unrest, South Africans have been urged to stop panic buying fuel. Layton Beard of the Automobile Association of South Africa offers us his reaction, and we get a sense of the wider picture. Also in the programme, the Korean palm oil giant Korindo has been ejected from the world's leading green certification body, the Forest Stewardship Council, in the wake of a BBC investigation. We find out more from the BBC's Rebecca Henschke. On UN Young Skills Day, we speak to Dimitris Lampros and Rania Vlachou of Swim Me, who have created a smart swimming cap and goggles that enable blind people to be more aware of where they are in a pool. Plus, the BBC's Russell Padmore reports on the challenges faced by pubs in Ireland, which have had to remain closed throughout most of the coronavirus pandemic.

  • EU unveils sweeping climate change plan

    14/07/2021 Duración: 26min

    The European Union has announced a raft of climate change proposals aimed at pushing it towards its goal of becoming carbon neutral by 2050. We chat to Dr Timothy Johnson, Professor of the Practice of Energy and the Environment at Duke University in the US. Plus, the former Nissan and Renault boss Carlos Ghosn talks to the BBC about his arrest and escape from the Japanese justice system. We also explore the technology of voice cloning and its potential to disrupt jobs and industries. Rupal Patel is chief executive of VocalID, and professor of communications sciences at Northeastern University, who has developed artificial intelligence voice cloning software. And we get reaction from Texan voiceover artist and actor, Tim Heller, whose voice has been cloned using the system.

  • Update: Food and used car prices push US inflation to 5.4%

    13/07/2021 Duración: 07min

    The annual rate of inflation is at its highest in the US since 2008, as the economy reopens after coronavirus lockdowns. We get analysis from Jason Furman, professor of the practice of economic policy at Harvard University and former adviser to the Obama Administration. And Joe Saluzzi of Themis Trading in New Jersey tells us how the markets reacted to the inflation data.

  • Protests escalate in South Africa

    13/07/2021 Duración: 26min

    Violence is mounting in South Africa as people protest poverty and unemployment. The unrest was sparked by the jailing of former president Jacob Zuma, but has become more generalised in recent days. Busisiwe Mavuso is chief executive of Business Leadership South Africa, which represents the country's largest employers, and gives us her perspective on recent developments. Also in the programme, property prices in Australia have been rising at their highest levels nationally in 17 years. The BBC's Phil Mercer reports on concerns that almost half of Australian households are struggling with their mortgage payments. Plus, as a gin craze in the US and UK shows no sign of abating, the BBC's Elizabeth Hotson explores where the next global hotspots will be for the drink. (Picture: Looters flee from police in Johannesburg. Picture credit: Getty Images.)

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