World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Jensen Huang out at Nvidia
Nvidia names Colette Kress to replace Jensen Huang as CEO after the AI chips company co-founder accused of second extramarital affair. Wall Street investors sold off the tech stock heavily in early trading, wiping hundreds of millions dollars more off the company's value. Elsewhere we get reaction to reports that…
Nvidia shares slide after fresh Huang allegations
Shares in AI giant Nvidia fall following allegations CEO Jensen Huang had second affair. And Singles' Day is the big retail event of the year for the Chinese economy, but early signs suggest shoppers aren't spending. With Black Friday and Cyber Monday a few weeks' away, and inflation running hotter…
Spain's national strike grinds business to a halt
Ahead of crucial elections this month,Spanish workers take part in a national strike over affordability. Will it be an economic blip or a seismic shock to politicians in Madrid? Elsewhere, we hear from a retail expert in Shanghai calling this year's Singles Day a dud and learn about the risks…
US inflation jumps higher than expected
Prices rose by 0.4% in October surprising most market observers. Markets expect another interest rate rise in December. We take a look at the rise of prediction market websites. And Kim Kardashian's Skims offers refunds for $148 advent calendar after customer backlash.
How might Jensen Huang's Nvidia indiscretions change the AI chips race?
We head to Nvidia's chip-making hub in Taiwan to hear reactions to the scandal engulfing Jensen Huang's crucial AI company as its shares fall further on Wall Street. Will the spy saga snuff out any hope of a tech share rebound? And while many drinkers in the West are putting…
Could a Spy Scandal Shake Nvidia's AI Empire?
Nvidia’s boss admits an affair with a woman US officials reportedly believe is a Chinese spy. How much of the AI boom rests on one man? Some welcome news for drivers as oil prices keep falling, even as oil tankers continue to come under attack. And as the world demands…
Wall St gives its verdict on the Jensen Huang Nvidia affair
Nvidia shares fall in early trading, as the US chip-maker grapples with the fallout of its CEO Jensen Huang's affair admission. What happens next? Also, the boss of Booking.com says jet fuel price rises are changing customers' holiday plans. And LIV Golf looks for a way to revive its fortunes,…
What's behind the wave of bomb threats in Europe?
Bomb threats have disrupted around 30 flights across Europe. The threats also caused Ireland's national broadcaster RTÉ to go off air briefly, just days before Ireland hosts major European leaders for a summit. What's behind the threats? Garment workers in Bangladesh have returned to work after protests about pay brought…
Is the AI bubble finally bursting?
Global tech stocks tumble as investors question the billions being poured into artificial intelligence. And so we ask, is the AI boom running out of steam? Also, Paraguay's president faces impeachment proceedings over a banking scandal. And pollution threatens one of India's busiest shopping seasons, Diwali. Presenter: Luke Wilson Producers:…
Tesla shares plunge after US midterms
US stock markets were down sharply on Thursday following the US midterms. Technology shares suffered the deepest declines, led by Elon Musk's Tesla and SpaceX. Also, Paraguay's President Santiago Peña has announced his resignation following a political crisis sparked by the collapse of a bank. And Nintendo says sales of…
Bomb threats disrupt European flights
Fighter jets are scrambled as a wave of bomb threats disrupts flights across Europe. We hear what the diversions and security alerts mean for airlines and passengers. Also, Democrats take control of the US Congress. We examine what their victory means for the economy and President Trump's tariffs. And hundreds…
After the blue wave, what happens to the US economy?
We break down the US Midterms to learn about the state of the US economy, how consumers and business owners are feeling and what that economy might look like in the months to come. One issue that came up in states across the country during the midterms was the building…
US Midterms: What does it mean for business?
After victories for Democrats in the Senate and Congress, we hear from business owners about what it means for them. We get the views of a hotel owner in Texas and a department store owner in Indiana, on this historic Midterm result for the Democratic Party. And get the latest…
America votes as control of Congress hangs in the balance
Polling day is coming to an end in the US, with millions of Americans having their say on who will control Congress. Will the results reshape the political landscape of the USA? Meanwhile, Binance says hackers used a fake job interview to steal billions of dollars in cryptocurrency, raising fresh…
US Midterms: Americans head to the polls
Voting is underway in what is seen as a referendum on President Trump's 2nd term. The cost of living has been a major issue throughout the campaign, with high food and fuel prices weighing on households. We also hear from South Africa, as the US plans to suspend the country…
Could the economy decide the US midterms?
Americans are heading to the polling stations for mid-term elections that could shift the balance of power in Congress. How is the electoral climate affecting businesses? As big tech's AI spending draws mounting scrutiny, one persistent problem is that these tools can present us with false information. AI "hallucinations," as…
Bangladeshi garment workers protest cost of living
The mass walkouts are over low pay and rising prices, with hundreds of clothing factories facing disruptions. We hear from workers demanding more pay and how likely a deal is to be done. Also, we hear how a Budget dispute in Belgium has led to the resignation of the Prime…
What happens to the money from the Binance hack?
A record $6.3 billion has been stolen from crypto exchange Binance by hackers. It's believed that the North Korean government is behind the attack - but how can they spend it, and why is Pyongyang behind so many of these attacks? As the United States mid-term elections approach, we speak…
Binance Hit by Record $6.3 Billion Crypto Heist
Hackers steal around $6.3 billion from Binance in what could be the biggest cryptocurrency heist in history. We examine how the attack happened and what it means for the crypto industry. Also, France's economy unexpectedly shrinks as inflation rises, despite stronger growth across the wider Eurozone. And nearly two years…
What do Amazon's results say about AI spending?
Amazon has reported lacklustre Q3 results and Alphabet, the parent company of Google, shedding some $500 billion in a day. The developments come as investors question companies' massive spending on AI. European Commission President Ursula von der Leyen has explained what Canada's "associate" EU membership could look like at the…