World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
US SEC Chairman says he’ll resign when Trump is inaugurated
Andrew Peach discussed Gary Gensler’s announcement that he will resign as Chairman of the US Securities and Exchange Commission on the day that Donald Trump takes office. Gensler is known to be a sceptic of crypto currencies unlike the incoming President who received heavy backing from the crypto community during…
Kenya's government cancelled all Adani contracts
Kenyan President William Ruto has ordered the cancellation of the airport deal and another one to develop power transmission lines in Kenya - post the US indictment. We hear from the government spokesperson Gabriel Muthuma.We get reaction from India to the criminal charges against Gautam Adani, one of the world’s…
Adani boss accused of $250m bribery over solar contracts in India
Gautam Adani, chair of India’s Adani Group and one of the world’s wealthiest individuals, has been indicted in a New York federal court alongside others over an alleged multi-billion-dollar fraud scheme.Archegos founder Bill Hwang has been sentenced to 18 years in prison for orchestrating one of the largest economic frauds…
Ford and VW cut jobs in Europe
Both Ford and VW are cutting jobs in Europe. Why is it that Germany's car industry is no longer the powerhouse that it used to be? We've been hearing from Ford's boss in the UK.And...We're about to hear from US Prosecutors on what Google could be expected to do to…
Trump taps pro-tariff Lutnick as Commerce Secretary
Donald Trump says Howard Lutnick, the boss of financial firm Cantor Fitzgerald, will spearhead the administration's "tariff and trade agenda".Meanwhile, Pakistan's former climate change minister Sherry Rehman, sparks a debate at the UN climate talks in Baku, Azerbaijan saying attendees are there “for life and death reasons.” And what does…
Sabotage suspected over severed undersea Baltic cables
Why the suspected sabotage of an undersea communications cable could be a warning, of an expensive trend... We'll ask whether companies and countries are taking the threat to undersea cabling seriously enough, and spending enough And the boss of one of Africa's biggest banks tells us why he's bullish on…
Tackling hunger and poverty takes centre stage as G20 Summit begins
On the programme,the G20 summit begins in Rio de Janeiro, focusing on mobilising finance, boosting investments, and reinforcing the global financial safety net.Also, Denmark's Green Tripartite Minister, Jeppe Bruus, speaks with Rahul Tandon about the world’s first tax on livestock emissions and the reasons behind this groundbreaking decision.Plus, India’s Supreme…
Delhi becomes world’s most polluted city
India’s capital Delhi has overtaken the Pakistani city of Lahore as the most polluted city on Earth. Devina Gupta asked daily wage workers how they are coping while doing their duties.In Spain, political pressure builds as Valencia’s leader faces backlash over the deadly October floods… We’ll hear from Spain’s economy…
Trump and the Eurozone: Economic Woes Ahead?
How will Trump impact the Eurozone, and can Sri Lanka's president fix its economy?
Donald Trump's pick for health secretary shakes the biotech industry
Global vaccine makers' shares dip after news that Robert F Kennedy Jr is Donald Trump's pick to lead US health department. We find out why. One of China's investments in a Colombian mine has backfired after a drug gang commandeered part of the business. We look into what happened. The…
Philippines braces for a fifth typhoon
Philippines braces for a fifth typhoon in three weeks. Past storms left more 150 dead, and thousands have now been evacuated. We get the latest. As the consequences of global warming become more clear, some of the private finance is now backing stronger moves into renewable energy to mitigate what…
What should we expect from Musk's new role?
US President-elect Donald Trump has picked Elon Musk for a role in government cost-cutting, as part of his drive to "dismantle" bureaucracy. We speak to Trevor Traina, former United States Ambassador to Austria during Donald Trump's first presidency. Also, China is showing off its latest generation of stealth fighter jets…
Donald Trump appoints Elon Musk to cut government costs
Donald Trump has picked Tesla and SpaceX founder Elon Musk and biotech investor Vivek Ramaswamy to lead a new "Department of Government Efficiency" that will focus on cutting costs in the US administration. But is there much to cut? We find out. The US-president elect has still to name a…
The 2024 APEC summit begins in Lima
President Xi goes to Lima, as Peru gears up for the thirty-first Asia-Pacific Economic Cooperation economic leaders' meeting. Bitcoin continues to hit new highs following Trump's victory. How long can it continue?Jaguar is betting big on EVs and is even going so far as to stopping selling its new petrol…
Oil company Shell wins court battle over emissions
Oil giant Shell wins ruling that it does not have to comply with specific targets to reduce its carbon emissions. Roger Hearing hears from our correspondent in the Hague, Anna Holligan, about what the ruling means for the industry. We find out how the wine industry is being impacted by…
Court blocks Italy’s migrant plan
It's been three weeks since Italy's far-right government signed the five-year migration deal with Albania. Now, a court has blocked Italy's plan to send asylum seekers to the Balkan nation, disrupting Prime Minister Giorgia Meloni's main migration policy and raising questions about what's next. Also, we find out why dockers…
COP29: What can the 'finance COP' do to combat climate change?
World leaders meet in Baku, the capital of Azerbaijan, to discuss the funding of policies against global warming in the COP29. We get the latest from our correspondent. In Iceland, a team of scientists are preparing to drill into one of the world's most active volcanoes. Could it provide a…
Will Donald Trump start new trade war?
There are reports that Donald Trump wants his former trade representative back when he returns to the White House - what does it mean for the economy?Robert Lighthizer was the man who pushed protectionism and tariffs on imports during President Trump's first term. So what will it mean for global…
The US Federal Reserve cuts rates second time in a row
America’s central bank has announced a quarter-point rate cut - rates down to 4.5% from 4.75%. It's been the second time in a row that the US Federal Reserve has lowered interest rates. Mostly because the inflation continues to ease and a Trump presidency hangs over the central bank. We…
What does a Trump win mean for the global economy?
Will Bain hears from Tomas Philipson, a former economic advisor to the now President-elect Trump on what his new administration’s policies will be.Young voters in Nevada tell us how they feel about the election result.Plus with the election will China be facing a huge expansion of tariffs on imports to…