Business Matters

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

Episódios

  • US economy accelerates

    US economy accelerates

    30/04/2021 Duração: 53min

    President Biden has been speaking at a rally in the US state of Georgia to mark his one hundredth day in office. The US economy grew at an annual rate of 6.4% in the first quarter of the year, after 4.3% in q4 of 2020. And President Biden said he wanted to ensure Americans workers were better paid and more help for those who struggling to make ends meet. We consider the prospects for the US economy with Marc Goldwein of the Committee for a Responsible Federal Budget and Cary Leahy from Decision Economics. Today, India again reported record numbers of new cases and deaths. Many of India's largest companies are switching production to try and help the situation. The Tata Group is one of the countries oldest and largest companies. Its steel plant are now concentration on producing oxygen. We hear from Chanakya Chaudhary, the Vice President of Corporate Services. Also in the programme, the BBC's Benjie Guy examines Brazil's palm oil industry, where some believe the pesticides used to produce the commodity are

  • India Covid: worlds worst second wave

    India Covid: world's worst second wave

    29/04/2021 Duração: 53min

    A second wave of the coronavirus has overwhelmed parts of India's health system. And it's pushing the medical oxygen supply chain there to breaking point. More than 200,000 people are now confirmed to have died, though the real total is believed to be much higher. Mumbai and Delhi have been the cities most affected by the pandemic but we hear from Dr Randip Ray in Kolkata, where cases are rapidly rising. Also in the programme, two of the world's biggest technology companies posted their latest earning figures a short while ago. Apple and Facebook both beat analyst expectations, but what about their ad tracking row? Plus, over the years a number of cities have changed their names. The latest is South Africa's Port Elizabeth, which is now called Gqeberha. The BBC's Matthew Davies explores why cities take this course of action, and asks whether part of the essence of a city's past is lost when its name changes. And - We go to the city of Liverpool in England, which is launching a series of events this week wi

  • US consumer confidence highest since pandemic

    US consumer confidence highest since pandemic

    28/04/2021 Duração: 53min

    Consumer confidence is up, according to The Conference Board, an independent research group; Kathy Bostjancic from Oxford Economics tells us why. Alphabet the company that owns Google and Youtube has released its latest quarterly results which show advertising revenue rising at an unexpectedly sharp pace; Mike Issac from the New York Times tells us why. Also in the programme, the world's transition towards an electric car future is fuelling a rush for lithium, which is a primary component of the batteries. Chile is one of the world's largest sources of the metal, but as the BBC's Jane Chambers reports from the salt flats of the Atacama Desert, there are concerns big mining companies aren't doing enough to help indigenous communities living nearby. Plus, the French winemaker Bollinger has bought Ponzi Wines in Oregon in the United States; Etienne Bizot is chief executive of the Bollinger group of companies, and tells us what was behind the acquisition. And we're joined throughout the programme by two guests o

  • Apple releases controversial software update

    Apple releases controversial software update

    27/04/2021 Duração: 52min

    Apple has released its latest software update with a new tool that has forced a confrontation with Facebook over privacy; the BBC's Technology Correspondent Rory Cellan Jones explains the controversy. As an international effort is underway to help India as it faces an overwhelming surge in coronavirus cases, we hear how the US, the UK, China, Russia, the European Union Saudi Arabia are among those offering help. Also in the programme, the collapse of Greensill Capital in the UK has drawn attention to the practice of supply chain financing, which Greensill was known for; the BBC's Joshua Thorpe brings us an extended report. Plus, a company called Mirriad has developed a technique that enables product placement in archive films and TV shows; the company's CEO, Stephan Beringer, tells us how it works. And we're joined by two guests on opposite sides of the Pacific; Andy Uhler, reporter on the Marketplace programme who's in Austin, Texas and Mehmal Sarfraz, co-founder of The Current PK, who's in Lahore, Pakista

  • Australia and New Zealand pause travel bubble

    Australia and New Zealand pause travel bubble

    24/04/2021 Duração: 53min

    New Zealand has paused its newly opened travel bubble with Australia following a COVID-19 outbreak in its larger neighbour. The decision came after Western Australia announced that the regions of Perth and Peel were entering a three-day lockdown due to a traveller testing positive for the coronavirus. Also in the programme, a global semiconductor shortage has led to suspension of production at a number of carmakers around the world. The BBC’s Will Bain speaks to chipmaker Intel’s corporate vice president for global sales, Shannon Poulin, about why the firm believes the shortfall could last another two years. Also, next month, the independent nation of Somaliland will celebrate its 30th anniversary. The BBC’s Fergus Nicoll speaks to Ismail Ahmed, the founder and Chairman of the digital money transfer company World Remit about the world of international remittances and his home country of Somaliland. Plus, Caitlin Jenner, the Olympic athlete turned transgender reality TV star has thrown her hat into the ring a

  • US plans to halve emissions by 2030

    US plans to halve emissions by 2030

    23/04/2021 Duração: 56min

    The US has unveiled an updated carbon pledge that will nearly halve its emissions by 2030. The announcement came at a virtual summit on climate at the White House, and Thanu Yakupitiyage of climate action group 350 gives us her response to the news. Paula DiPerna of international not-for-profit, the Climate Disclosure Project, tells us how companies have started to adapt their businesses ahead of government policy intervention. Avijit Das is chief executive of Eveready, which manufactures small wind turbines in Africa, and discusses what role wind power can play in the future energy mix. Following the conviction in Minneapolis of the police officer who murdered George Floyd almost 11 months ago, and the funeral tomorrow in the same city of Daunte Wright, a 20-year-old black man killed by a police officer, we look at policy work and corporate pledges aimed at addressing systemic racism. We hear from Marc Morial, President and CEO of the National Urban League, about the prospects for federal legislation on pol

  • EU to ban unacceptable use of AI

    EU to ban "unacceptable" use of AI

    22/04/2021 Duração: 53min

    The European Union is set to ban what it calls "unacceptable" uses of artificial intelligence.The European Commission's rules would ban "AI systems considered a clear threat to the safety, livelihoods and rights of people" - we'll bring you all the reaction. Also on the programme - new US laws about when drones can or cannot fly, and what could it mean for businesses hoping to cash in? We'll hear from the management guru urging us all to listen a bit more. And the tale of the Italian worker being paid just to turn up, for more than a decade. The BBC's Fergus Nicoll will be joined throughout the programme from Silicon Valley by Alison van Diggelen, host of the Fresh Dialogues podcast, and from Manilla by Karen Lema - bureau chief for the Reuters news agency. Picture credit: Reuters.

  • George Floyd: Jury returns guilty verdicts in Derek Chauvin trial

    George Floyd: Jury returns guilty verdicts in Derek Chauvin trial

    21/04/2021 Duração: 53min

    After less than a day of deliberation, jurors have found Derek Chauvin guilty of all charges over George Floyd's death. The jury returned guilty verdicts of second degree murder, third degree murder and manslaughter. The former police officer was filmed kneeling on Floyd for more than nine minutes during his arrest last May. We look at what this means for reform of the justice system. Plans for a football European Super League are in disarray after all of the English clubs withdraw, with others from Europe reportedly on the brink of doing the same. But did it ever make business sense? Plus - we go to India to report on how the country is coping with a surge in coronavirus cases and the emergence of what is thought to be an Indian variant of the virus. And -two trade blocs in sub-Saharan Africa are planning to introduce new currencies. Will it will boost economic growth by making trade smoother? PHOTO: George Floyd Mural/AFP

  • Opposition to European Super League gathers momentum

    Opposition to European Super League gathers momentum

    20/04/2021 Duração: 53min

    We examine the business case behind the creation of a new football European Super League. Guillaume Ballage is a Spanish football journalist, and tells us why a dozen clubs from England, Spain and Italy are running the risk of upsetting their fans with this new venture. We also speak to lawyer Trevor Watkins about the potential legal challenges to the plan. The Bank of England is to look at the possibility of launching a digital currency. Several other countries have similar plans, but what exactly is a central digital currency and how does it work? We speak to Josh Lipsky, director of the GeoEconomics Center at the Atlantic Council think tank. Plus, the BBC's arts correspondent Vincent Dowd discusses Marvel Studios' upcoming film, due to be released this autumn, which features an Asian actor in the lead role. Jamie Robertson is joined throughout the programme by Peter Morici, economics professor at the University of Maryland in Washington DC, and by financial professional Jessica Khine in Malaysia. (Pictu

  • Raúl Castro steps down

    Raúl Castro steps down

    17/04/2021 Duração: 53min

    Raúl Castro says he is resigning as Cuban Communist Party leader, ending his family's six decades in power. Mr Castro, 89, told a party congress that he is handing over the leadership to a younger generation "full of passion and anti-imperialist spirit". We get analysis from the BBC's Will Grant. And thousands of people have been demonstrating in Berlin against the lifting of the city's rent cap. Germany's highest court ruled that the Berlin state government had no right to impose the cap. The State Secretary for Housing, Wenke Christoph tells us what she thinks of the court ruling. Plus, the BBC’s Elizabeth Hotson has been finding out how the public is responding to the cautious reopening of non-essential outlets in England this week.(Picture of former Cuban President Raul Castro. Picture by Alexandre Meneghini via Getty Images).

  • US imposes new sanctions on Russia

    US imposes new sanctions on Russia

    16/04/2021 Duração: 53min

    The US has announced sanctions against Russia in response to what it says are cyber-attacks and other hostile acts. Russia and Ukraine analyst Orysia Lutsevych explains how significant these new moves are. Plus, are you suffering from zoom fatigue, we speak to the author of a new study into just way video conferencing is so exhausting. And, is your career impacted by starting a new job workign remotely, we have an extended report. Joining us throughout the programme are Ann Dwyer, editor of Crain’s Chicago Business, in Chicago and Jyoti Malhotra, journalist and author in New Delhi. (Picture: US Embassy in Moscow/ Credit: EPA)

  • Coinbase launches $100 billion listing

    Coinbase launches $100 billion listing

    15/04/2021 Duração: 53min

    America's biggest crypto-currency trading platform, Coinbase, begins trading on the Nasdaq exchange in New York today. John Ethan Detrixhe, Future of Finance reporter for Quartz.com joins us to share his insights and we hear from the President of Coinbase, Emilie Choi. Paul Vigna of the Wall Street Journal explains what the company does to make it so highly valued. Plus, Bernie Madoff, the financier convicted of orchestrating the largest Ponzi scheme in history, has died in a US federal prison. We hear from the son of one Madoff's victims, who took their own life after losing everything. Also on the programme, the US House of Representatives will discuss legislation which could see reparations paid to the descendants of slaves. Dreisen Heath from Human Rights Watch tells us if this is good news for campaigners. Plus, as crowd-funding has become a global phenomenon we hear from the CEO of its biggest platform, Tim Cadogan. Joining us throughout the programme are Alexis Goldstein, an activist and financial re

  • Johnson  Johnson delays vaccine rollout in Europe

    Johnson & Johnson delays vaccine rollout in Europe

    14/04/2021 Duração: 53min

    Johnson & Johnson has decided to delay the rollout of its vaccine in Europe after authorities in the US raised fears over a possible link to blood clots. We speak to Krishna Udayakumar, a professor of medicine and director of the Duke Global Health Innovation Center in North Carolina. The ride-hailing app Grab plans to list its shares in the US, which would make it worth almost $40 billion - the largest ever listing by a southeast Asian company. It's already merged with a special purpose acquisition company, or SPAC, to enable the listing. Crystal Tse from Bloomberg in New York explains what SPACs are and why they've been growing in popularity. Plus, as drone racing is becoming increasingly popular, we speak to Nicholas Horbaczewski, founder of the professional Drone Racing League. Vishala Sri-Pathma is joined throughout the programme by political reporter Erin Delmore in New York and by Lien Hoang, reporter at Nikkei Asia, in Ho Chi Minh City. (Picture: Johnson & Johnson vaccine / Credit: Getty Images)

  • England lockdown restrictions ease

    England lockdown restrictions ease

    13/04/2021 Duração: 51min

    Pubs, restaurants, beauty salons and non-essential shops have reopened with the easing of lockdown restrictions across England. We hear from the heart of London’s shopping district and from a pub garden near Reading. The e-commerce giant Alibaba has been accused of anti-competitive practices and fined more than $2.5 billion by Chinese regulators. We discuss what this will mean for the future of the company. Also in the programme, the BBC’s Ivana Davidovic gives us the lowdown on Telegram, the messaging app - and one of the most downloaded non-gaming apps this year. And the BBC's arts correspondent Vincent Dowd tells us what the organisers of this year's Baftas are doing to improve diversity across the awards. Rahul Tandon is joined throughout the programme by Nisha Gopalan, editor for Bloomberg News in Asia, in Hong Kong, and Les Williams from the University of Virginia, in Arlington, Virginia. (Picture: A man drinking a pint of beer / Credit: Getty Images)

  • Prince Philip and The Commonwealth

    Prince Philip and The Commonwealth

    10/04/2021 Duração: 26min

    Politicians and public figures across the world have paid tribute to Prince Philip, following his death at the age of 99. We hear from Nigel Vardy, mountaineer and assessor for the The Duke of Edinburgh's Award and Professor Philip Murphy, Director of the Institute of Commonwealth Studies at the University of London's School of Advanced Study. Plus we're joined throughout the programme by Colin Peacock of Radio New Zealand and Peter Ryan from the ABC in Sydney. (Picture: HRH The Prince Philip. Credit: Reuters).

  • Vaccine equality and economic recovery

    Vaccine equality and economic recovery

    09/04/2021 Duração: 54min

    Today - three of the most important people in global finance get together to thrash out ideas about ways of averting vaccine inequality and the economic inequality that will be made worse as a result. Saudi Arabia has begun operating its first renewable energy project - a solar power plant; we hear from Professor Karen Young, a Resident Scholar at the American Enterprise Institute in Washington DC. We look ahead to this year's Black British Business Awards with the event's organiser, Melanie Eusebe. A new hashtag is cropping up in Myanmar - #MilkTeaAlliance. So what's going on? We hear more from Iain Marlow of Bloomberg. Plus, the BBC’s Vincent Dowd reports on Broadway, the commercial theatre district in New York City, whose 41 theatres closed just over a year ago. And we're joined throughout the programme by David Kuo in Singapore; he's co-founder of the Smart Investor, and in Los Angeles we're joined by Emmy-award winning journalist Leyna Nguyen. (Picture of world map and vaccine via Getty Images).

  • Covid cases rise in India and Brazil

    Covid cases rise in India and Brazil

    08/04/2021 Duração: 53min

    We analyse how a rise in Covid cases is affecting two of the world 's largest economies; India and Brazil. There's a growing consensus between western governments that corporations should pay more tax on their profits following years of cuts to business taxes; we hear from Alex Cobham, the Chief Executive of the Tax Justice Network, which campaigns for global tax reform. Plus, Greenland's opposition party has won an election which could have major consequences for international mining interests in the Arctic. Birger Poppel, a researcher at the University of Greenland tells us what this could mean for the country’s large deposits of rare earth metals. The founder of the dating app Bumble Whitney Wolfe Herd has joined Forbes list of the super rich, which shows how popular dating apps have become; we speak to relationship coach Jo Barnett. And we're joined throughout the programme by Jeanette Rodriguez from Bloomberg in Mumbai and communications analyst Ralph Silver in Toronto. (Picture of coronavirus via Getty

  • IMF: Rich world recovering faster than expected

    IMF: Rich world recovering faster than expected

    07/04/2021 Duração: 51min

    The IMF says that the rich world is recovering faster than expected from the downturn resulting from the pandemic. But what about the developing world? Jubilee USA campaigns for debt relief for developing countries - we speak to its executive director, Eric Le Compte. And in a world struggling to pull itself out of a pandemic, lockdowns and recession, why are there quite so many billionaires? We hear from Kerry Dolan, Assistant Managing Editor of Wealth at Forbes about their latest rich list. Credit Suisse replaced two key executives and cut bonuses amid the fallout from two major business relationships; Peter Hody from Finnews.com in Zurich analyses what went wrong. And we're joined throughout the programme by Mehmal Sarfraz, journalist and co-founder The Current in Lahore, Pakistan; we're also joined by Tony Nash, chief economist at Complete Intelligence in Houston Texas. (Picture of IMF sign by Saul Loeb via Getty Images).

  • US calls for minimum global corporation tax

    US calls for minimum global corporation tax

    06/04/2021 Duração: 52min

    US Treasury Secretary Janet Yellen has called for a minimum rate of corporation tax around the world; the BBC's Michelle Fleury explains what the Biden administration is hoping to achieve. Also in the programme, as Senate Minority leader Mitch McConnell hits out at companies protesting against Georgia's new election law, Professor of Law Ciara Torres-Spelliscy discusses what influence corporations can have. Plus, the BBC's Theo Leggett has been speaking to whistleblowers about their careers after exposing wrongdoing. And we hear about the controversy surrounding a new art gallery in Hong Kong. Our guests throughout the hour are Professor Peter Morici, an economist at the University of Maryland and former Hong Kong government official Rachel Cartland of Cartland Consulting. (Picture: U.S. Treasury Secretary Janet Yellen / Credit: Reuters)

  • US Capitol car ram attack

    US Capitol car ram attack

    03/04/2021 Duração: 53min

    An attack at the US Capitol complex in Washington DC has left one police officer dead and another in hospital with injuries. A car crashed into a security barrier before the driver lunged towards the officers with a knife. The officers opened fire and the suspect was shot dead. We get the latest from the BBC's Larry Maduwo, who's in DC. Also in the programme, the US economy added almost a million new jobs in March, though employment remains well below pre-pandemic levels, as the BBC's Samira Hussain explains. We have an extended report from Ijeoma Ndukwe about the prospects for industrialisation of the cocoa sector in Ghana, the world's second largest exporter of the commodity. The idea of coronavirus vaccination passports is catching on in some countries. We examine the arguments for and against their introduction with Professor Melinda Mills of the University of Oxford, and Adrienne Murray talks us through Denmark's digital vaccine passport scheme, Coronapas, which will come into use there next week. Plus,

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