World Business Report

BBC

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

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United Kingdom

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BBC

Description:

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

Twitter:

@BBCBusiness

Language:

English

Contact:

BBC World Service Bush House Strand London WC2B 4PH


Episodes

Protests in Peru: industries are feeling the pinch

1/30/2023
Weeks of unrest and road blockades have left entire cities isolated from the rest of the country. We hear from local businesses about the economic impact of Peru's political crisis. Also in the programme, we take a look at Pakistan, where economic turmoil has sunk the rupee to record lows as the government increases fuel prices. And as the cost of the living continues to rise, we discuss the latest data about alcohol sales across Europe.

Duration:00:27:48

Adani Group fights back

1/30/2023
The company owned by Asia's richest man Gautam Adani has issued a detailed rebuttal of allegations of wrongdoing by short seller Hindenburg Research. Adani Group, an Indian conglomerate, had more than $50 billion wiped off its stock market value last week. In a document, which runs to more than 400 pages, Adani Group says the report is a "calculated attack on India". It also said that it had complied with all local laws and had made the necessary regulatory disclosures. Hindenburg says its...

Duration:00:27:18

Asia’s richest man Gautam Adani sees his fortune shrink

1/27/2023
It was a pretty extraordinary day on India's main stock exchange on Friday. Shares in the business empire of Asia's richest man Gautam Adani plunged some 20 per cent, extending earlier losses at the Adani Group to some $45 billion. The price fall comes after a report by an American firm alleging stock manipulation and accounting fraud, claims the company denies.

Duration:00:27:54

Cost of living from the heart of Dresden in Germany

1/27/2023
Businesses and residents share their views on how soaring prices are impacting Dresden, a manufacturing powerhouse in the East of Germany. Join us to find out how the capital of Saxony is coping with the cost of living crisis.

Duration:00:27:56

A hacking group called Hive has been hacked by the US authorities

1/26/2023
The hackers have been hacked - a prolific international ransomware operation has been shut down by US, German and Dutch officials. The criminal network, Hive, is said to have targeted over 1,500 victims worldwide in the past 18 months and extorted over $100 million. FBI director Christopher Wray said the operation had recovered over 1,300 decryption keys for victims since July 2022 and had prevented $130 million in ransomware payments. (Picture: Cropped Hand Of Computer Hacker Typing On...

Duration:00:27:45

The US economy grows more than expected

1/26/2023
The US economy did better than expected at the end of last year, despite higher borrowing costs and rising cost of living. The economy grew at an annual rate of 2.9% in the last three months of 2022. IBM has become the latest tech company to announce layoffs. The software and consulting firm has said it will cut 3,900 jobs. One of India's biggest companies, the Adani Group, says it's considering taking legal action against a US investment firm, Hindenburg Research, that's raised concerns...

Duration:00:27:53

Donald Trump allowed back onto Facebook and Instagram

1/25/2023
Donald Trump will be allowed back onto Facebook and Instagram, after Meta announced it would be ending its two-year suspension of his accounts. The suspension will end "in the coming weeks", the social media giant said. The then-US president was indefinitely suspended from Facebook and Instagram after the Capitol riots in 2021. Republicans have been pressing for Mr Trump to be allowed back on Facebook as he prepares to run for the presidency again next year. (Picture: SAN ANSELMO, CALIFORNIA...

Duration:00:27:52

The battle for Africa's resources

1/25/2023
US Treasury Secretary Janet Yellen was on an official tour in Africa as she vows to strengthen ties with the continent. This comes as China continues to increase its influence there. India's richest man has seen more than 10 billion dollars wiped off the value of his companies. That follows a report by the Hindenberg Research group targeting the conglomerate owned by Gautham Adani. The Cairo International Book Fair in Egypt will see attendants be able to buy books in instalments. This is...

Duration:00:27:56

US accuses Google of 'driving out' ad rivals

1/24/2023
The US Department of Justice and eight US states have filed a case against Google alleging it has too much power over the online ad market. Online advertising accounts for the lion's share of Google's multibillion dollar revenue. Google is the market leader, but its slice of total US digital ad income has fallen from 36.7% in 2016 to 28.8% in 2022, according to market research firm Insider Intelligence.

Duration:00:27:54

Will there be a South American currency union?

1/24/2023
The 'sur' or 'South' proposed by Brazil and Argentina wouldn't replace local currencies, but instead would run in parallel with them in its early stages. We find out what economists think about the project. Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, IG Metall. As carmakers shift their focus towards electric vehicles, we ask why this transformation might translate into job losses. The US Treasury Secretary Janet Yellen has called on China to agree to a...

Duration:00:27:52

What is ChatGPT and why is Microsoft buying into it?

1/23/2023
Microsoft has announced a multi-year, multibillion dollar investment in artificial intelligence (AI) as it extends its partnership with OpenAI. OpenAI is the creator of popular image generation tool Dall-E and the chatbot ChatGPT. In 2019 Microsoft invested one billion dollars in the company, founded by Elon Musk and tech investor Sam Altman. The Windows and Xbox maker plans up to 10,000 redundancies, but said it would still hire in key strategic areas.

Duration:00:27:53

Japan warns of severe finances

1/23/2023
The finance minister of Japan, Shunichi Suzuki, warns that the country faces dire finances as debt and inflation continue to rise while the population keeps declining. The government can still borrow cheaply as the central bank keeps interest rates at ultra-low levels. But what do the financial markets and global investors make of Japan’s current economic state? The US hedge fund Citadel made $16bn in profits last year, the largest annual profit by a hedge fund in history. We find out how...

Duration:00:27:54

China prepares for first Lunar New Year since Covid Lockdowns end

1/20/2023
The Chinese government estimates that more than 2 billion trips will take place within China before mid-February, in the biggest single one-time movement of people on Earth, as the nation welcomes in the Year of the Rabbit. After years of Covid restrictions, we find out how different this year will be and how it's looking for businesses. One of the biggest cryptocurrency lenders, Genesis Global Capital, is the latest casualty of the sector's downturn as it files for bankruptcy protection. We...

Duration:00:27:29

Google parent Alphabet to cut 12,000 jobs

1/20/2023
Alphabet, the parent company of Google and YouTube, says it's slashing 12,000 jobs. The company blames what it calls a changing "economic reality" after two years of "dramatic growth". On Thursday, Microsoft said it would reduce staff numbers by 10,000. We will find out what's happening in the tech industry and why it is becoming so brutal for professionals. (Picture: Bike Rack at Google Headquarters, Mountainview, Ca. Picture Credit: Getty Images)

Duration:00:27:28

US crashes through the debt ceiling

1/19/2023
As the United States hits its debt limit, the Treasury Department begins emergency measures to prevent a default. We find out what this means for President Biden and the US economy. Thousands of Peruvians gather in the capital, Lima, for an anti-government rally following weeks of unrest that have left 44 people dead. We get the latest from the country as demonstrators demand for the resignation of President Dina Boluarte and immediate elections. And as actor Alec Baldwin is charged with...

Duration:00:27:31

President Macron's reform programme faces mass protests

1/19/2023
Thousands of French workers have walked out over the government's proposal to change the pension system. The strikes have crippled much of the rail network, and caused the cancellation of some flights. They've also hit schools and oil refineries. One of the major stand-off points is raising the age of retirement from 62 to 64. Meanwhile, the US, once again, is poised to run up against its debt limit today. That means the government is not allowed to borrow any more money - unless Congress...

Duration:00:27:25

Microsoft to axe 10,000 jobs

1/18/2023
Tech giant Microsoft sent shockwaves down the spines of many with the announcement to cut 5% of its global workforce. This action will cost the business $1.2bn (£972bn) in severance and reorganisation costs. Could this be a reality check for the tech sector after the pandemic boom?

Duration:00:27:31

Microsoft layoffs: the tech giant confirms it will cut 10,000 jobs

1/18/2023
Microsoft finalised their layoffs for this year cutting over 10,000 roles across its divisions. The tech giant says it has been forced to take these measures in the face of a slowing global economy. Big numbers out today - in the Eurozone – indicate that price rises are cooling. The European Central Bank says consumer inflation in the 20-nation eurozone was 9.2% last month compared to a year ago. Meanwhile, Japan is facing relatively high inflation, a falling yen and pressure on wages. In...

Duration:00:27:31

China's birth rate hits 60-year low

1/17/2023
China's National Bureau of Statistics says the country's population has fallen for the first time in 60 years as it enters what officials describe as an era of negative population growth.

Duration:00:42:16

China's GDP growth slow down among worst on record

1/17/2023
The Chinese economy expanded by 3% in 2022 - missing the official target of "around 5.5%" and a sharp drop from the 8.4% growth of 2021. If you leave aside 2020 - when the economy was hit by the worst effects of Covid - this was the lowest growth figure in nearly half a century. (Picture: Financial stock exchange market display screen board on the street. Picture Credit: Getty Images)

Duration:00:29:17