World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Amazon cuts 16,000 jobs as it pushes AI and efficiency
US technology giant Amazon has confirmed it will cut 16,000 jobs around the world. Andrew Peach hears from former Amazon workers and AI experts. Also, why the German authorities have searched Deutsche Bank buildings in Berlin and Frankfurt. And how Harry Styles will overtake Taylor Swift by adding more London…
The Swiss franc flies high
The Swiss franc soars to its highest level against the dollar in more than a decade as investors flee the dollar in search of a safe haven. We look at what that means for Swiss exporters and the central bank. Plus, why have several big global companies announced job cuts,…
India and EU announce 'mother of all trade deals'
A free trade agreement dubbed the mother of all trade deals has finally been announced between the European Union and India after two decades of negotiations. What do businesses make of it? Across the globe then to hear why Canadians are boycotting ski resorts in America. In the US, a…
India and EU agree game-changing trade deal
The European Union and India have announced a landmark trade deal as both sides aim to deepen ties amid tensions with the US. It will allow free trade of goods between the bloc of 27 European states and the world's most populous country, which together make up nearly 25% of…
How are businesses impacted by protests in Minneapolis?
The Trump administration ordered Immigration and Customs Enforcement to step up the removal of undocumented migrants more than six weeks ago, triggering large scale protests across the US. Rahul Tandon speaks to business owners who say staff are too frightened to come into work. In France, the government moves a…
North Sea nations bet big on wind power
Ten European countries bordering or close to the North Sea, including Germany, France, the UK and Norway, have pledged $11.3 billion to expand offshore wind capacity by 2030. They describe it as a historic deal that will wean Europe off dependency on Russian energy. Plus, France starts debating a ban…
Ukraine's battle to keep the lights on
Andrew Peach speaks to the man in charge of keeping Ukraine's largest private energy company going in the face of relentless Russian drone attacks on the country's networks. And we look at how the US administration's decision to end protected visa status for hundreds of thousands of Haitians is hitting…
TikTok secures US future
The social media giant has finalised a deal to allow it to continue to operate in the United States where its famous algorithm will be retrained exclusively on American user-data. For the past year TikTok's been at the heart of a dispute between its Chinese owner Bytedance and the US…
What’s really in Trump’s Greenland framework deal?
Global economic tensions over Greenland may be fading, but the uncertainty is prompting questions about whether some of America’s trade partners should look to diversify into new markets. Also, the film Sinners sets a new Oscars record with sixteen nominations, but do more nominations always translate into higher box office…
Could a Jeff Bezos satellite network rival Starlink?
Blue Origin, the company owned by Amazon founder Jeff Bezos, says it will launch a new satellite-based communications network called TeraWave. We find out if it could eventually rival Elon Musk's Starlink, which currently dominates the satellite internet market. Plus, the conversation in Davos switches to the economic future of…
Trump backs down from tariff threats over Greenland dispute
President Trump makes a u-turn on tariffs after reaching a framework for a future deal over Greenland. Leanna Byrne asks - what do we know about this deal? We also follow the US Supreme Court hearing involving Federal Reserve governor Lisa Cook, who denies allegations of misrepresenting her home ownership…
Snap cuts deal to settle social media addiction lawsuit
The settlement comes just days before the landmark case was due to go to trial in LA
Davos dominated by President Trump's ambition of Greenland
The World Economic Forum at the Swiss resort of Davos has been dominated by President Trump's ambition to take control of Greenland, and his threat to impose tariffs on European countries that resist. EU leaders could be hitting back with tariffs of their own. So, what are the market reactions…
US Dollar falls as Trump doubles down on Greenland
President Trump insists there’s ‘no going back’ on taking control of the island
Donald Trump steps up pressure over Greenland
The US President remains committed to taking control of the semi-autonomous territory of Denmark, leading to strong push back from European leaders. We get reaction from the Duncan Edwards, CEO of the BritishAmerican Business trade body and Matthew Bartlett, Republican strategist and who worked in the State Department during the…
New flare up in European/US Trade relations over Greenland
Leaders of European countries have reacted angrily to the threat of additional tariffs by the US. Donald Trump says he'll first put 10% then 25% extra import tax on nine countries including Germany, France and the UK as he increases the pressure on his claim for Greenland to be sold…
China and Canada reset trade relations after talks
China and Canada strike a trade deal after a high stakes meeting between the Canadian Prime Minister Mark Carney and President Xi. And Europe and South America sign a trade deal after twenty five years. The EU-Mercosur agreement will require the approval of the European parliament within the next few…
Europe and South America to sign free trade deal
The agreement, between the South American trade bloc Mercosur and the European Union which is set to be signed this weekend, has been 25 years in the making. The deal will eliminate import taxes or tariffs on more than 90 percent of goods traded between Europe and the South American…
Container ships changing course to the Red Sea
Two years on, one of the world’s biggest shipping companies - Maersk - says it’s preparing to return to the Red Sea — and in aviation, Chinese-made passenger jets may be edging closer to European skies. Also today — new data suggests Iran’s internet blackout has cost the economy around…
Nations begin to put a stop to Grok
Several governments have been piling pressure on Musk’s AI company, xAI, after Grok was used to generate a flood of sexually explicit and non-consensual images, including of women and children. X says it will now geo-block the creation or editing of images showing people in bikinis, underwear or similar clothing…