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Business Matters


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

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


United Kingdom




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




Hurricane Ian sweeps through Florida

Alexander Kaufman from the Huffington Post, based in New York, and Rebecca Choong Wilkins join us throughout the programme for a chat about the day’s big business stories. There are more reactions to the leaks detected in Nord Stream 1 and 2. Sweden has launched an investigation, and Norway is to deploy the military to protect its energy sites. The EU has promised a robust and united response to any deliberate disruption of European energy infrastructure. Raoul Ruparel, a former UK...


IMF reacts to UK economic policy

The International Monetary Fund has openly criticised the UK’s economic policy. It says the government's plan to cut tax for the highest earners and increase borrowing will increase inequality. Our North America business correspondent from New York, Michelle Fleury, tells us more. The UK Treasury says it is focused on growing the economy to raise living standards for everyone. Former Deputy Director at the IMF, Adnan Mazarei, speaks further on the issue. Energy journalist Jacob Schlandt...


Currency plunge fuels concerns

On Business Matters we’re joined throughout the programme by Andy Uhler, from our partner programme Marketplace, along with Shuli Ren from Bloomberg in Hong Kong. Claudia Sahm, a former Federal Reserve and White House economist, shares her thoughts regarding the weakening of global currencies against the US dollar. How are the markets reacting to the currency fluctuations? Peter Jankowskis from Arbor Financial tells us. The BBC's Thomas Nandi explains why Ghana is also struggling against the...


Global markets stall after troubled week

It began with a historic hike from the Federal Reserve, and ended with a major economic policy reset in the UK. Between that, other central banks have followed the Fed's course, and currencies around the globe have been rocked. Interest rates, inflation and insecurity have defined the last five days - a tumultuous week in global affairs. On Business Matters we discuss the effect it's having on markets and business confidence. Peter Jankovskis of Arbor Financial Services joins us from...


Russian citizens leave country to escape the military mobilisation

Large numbers of Russian citizens are trying to leave the country to escape the military mobilisation announced by Vladimir Putin. Direct flights to visa-free countries are sold out, and long queues of cars are lining up at the borders. Professor Nikolai Petrov, Senior Research Fellow with the Russia Programme at think tank Chatham House in London talks about the impact of this on the economy. Boeing has agreed to pay two hundred million dollars over charges it misled investors over the...


US interest rates hit 14-year high in inflation battle

The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's biggest economy. The rate has gone up by 0.75 percentage points for the third time in a row. We hear from Tom Sullivan from the U.S. Chamber of Commerce. He is the Vice President of Small Business policy. Also on the programme, we talk to Randal Kroszner an economist at The University of Chicago Booth School of Business and former member of the Federal...


Markets brace for a big jump in US interest rates

The Federal Reserve is expected to announce an increase of up to one percentage point, according to some forecasts. What repercussions will this have in the US and abroad? We ask Joe Saluzzi of Themis Trading, in New Jersey. The Central Bank of Argentina has risen interest rates to 75% in an attempt to reduce rampant inflation. Carolina Millan, Bloomberg's bureau chief in Buenos Aires, tells us more. The Golden Globes are set to return to television screens in 2023 after being dropped by NBC...


UK economy comes to a halt for Queen’s state funeral

Thousands gathered in London to pay their respects to Britain's longest reigning monarch. World leaders including presidents of the United States and France attended the funeral. We hear reactions from the crowd. Businesses in the UK have faced the difficult decision of closing their doors the day of the funeral or remain open to the public. Richard Burge, chief executive of the London Chamber of Commerce, tells us how businesses that shut came to that decision. Queen Elizabeth II was the...


Uber's computer systems are hacked

The ride-hailing company said it was responding to a 'cybersecurity incident' and that several internal systems had been affected. Margi Murphy is cybersecurity reporter at Bloomberg News and updates us on the story. Why do we have such an attachment to some of our favourite brands? We know brand loyalty is a marketing executive's dream - but how have some of our kitchen cupboards seemingly become even more than that - more like old friends? The BBC's Dave Reid investigates. The UK...


"Very real risk" of global economic recession, says IMF

The report says some countries will fall into recession in 2023, but that it's too early to say for sure whether there will be a global recession. We get more analysis from one of the report's authors, Franziska Ohnsorge. The UK's finance ministry is considering removing limits on bankers' bonuses. How will this affect its financial services industry, and and is the government right to do this in a cost of living crisis? We speak to Pete Hahn, emeritus professor at the London Institute of...


Europe sets out energy plan

The President of the EU Commission, Ursula von der Leyen, focussed on the unfolding energy crisis in Europe. She said the EU was committed to protecting citizens and business from soaring costs, and called for cuts to electricity use and windfall taxes on energy firms. We hear from Riina Sikkut, Estonia's Minister of Economic Affairs and Infrastructure. The Detroit Motor Show starts this week, and its star guest is US President Joe Biden. We speak to Paul Eisenstein of the Detroit Bureau...


Twitter shareholders vote to approve Elon Musk's $44 billon takeover

Roger Hearing is joined by analyst with AC Growth Delivered Simon Littlewood in Singapore and researcher, broadcaster and author​ Stephanie Hare in London. Twitter's shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn.This means Twitter will now try to force Mr Musk to buy the company in the courts. Inflation in the US remained unexpectedly high last month, news that drove Wall Street to its worst day in more than two years. Rural workers are becoming...


Ukraine: Is it back to business in Kharkiv?

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


Charles III becomes Britain’s new monarch

The King pays tribute to Queen Elizabeth II in his first speech as the new monarch. The longest-reigning sovereign is being mourned by many around the globe, we hear some of these reactions from people beyond her realm. The BBC’s correspondent in New York Samira Hussein tells us more. The coronation of a new British monarch will bring big changes, like the minting of new coins in the United Kingdom and other Commonwealth nations. But how soon will we see the portrait of King Charles III in...


The sterling slumps as the dollar stays strong

The British pound plunges against the dollar to its lowest level in almost four decades. Investors seek protection in the US currency as recession fears grow in other markets. We talk to Kenneth Rogoff, former chief economist at the International Monetary Fund. The second largest movie theatre chain in the world, Cineworld, has filed for bankruptcy protection in the United States. The firm is struggling to recover from the pandemic and needs to restructure a debt of more than $4bn. We hear...


UK Prime Minister Truss pledges action on rising energy bills

UK Prime Minister Liz Truss is expected to announce a package of support to deal with rising energy bills in the coming days. It's understood the government could spend $115 million on plans to subsidise bills. We weigh up the pros and cons of subsidies and windfall taxes with Caroline Meyer, energy analyst and CEO of Meyer Resources. US e-cigarette maker Juul is to pay a $438.5 million settlement, following a lengthy investigation that found it had marketed its products to underage...


UK businesses give their verdict on new PM Liz Truss

We profile Liz Truss as she prepares to become the UK's new Prime Minister. She has pledged to provide support to households and companies on the issue of rising energy bills, but how has the business community reacted? We hear from Matt Snell, CEO of Gusto restaurants. Instagram is fined $400 million by Irish regulators for violating children's privacy. We get reaction and analysis from Adrian Weckler, tech editor at the Irish and Sunday Independent. Rahul Tandon is joined by freelance...


Russia to keep crucial gas pipeline to Europe closed

The Russian state-owned energy giant Gazprom has indefinitely closed its Nord Stream 1 gas pipeline to Europe. It says an oil leak on a turbine is to blame, claiming sanctions are holding up regular maintenance work. But the EU says this is just a pretext. Our Brussels Correspondent Jessica Parker gives us the latest. A further 315,000 jobs were added in the US during August, far fewer than in July. But what does the slower rate of growth mean for the US economy? Randy Kroszner, Professor of...


The global impact of a robust dollar

As the dollar reaches historic highs against currencies in both emerging and developed markets, the chances of battling inflation rates shrink outside the United States. The Euro, the British pound, and the Japanese yen have depreciated at unprecedented this year. Steve Hanke, a professor of Applied Economics at the Johns Hopkins University, in Baltimore, explains the global fallout of a soaring dollar. The Premier League's summer transfer window has broken the record for the highest amount...


Russia switches off the gas

European leaders fear of future price increases as Nord Stream 1 is paused for repairs by the Russian government. Moscow say it's because more repair work is needed, despite repairs already being carried out in July. Stefan Lechtenböhmer, Director of Future Energy and Industry Systems at the Wuppertal Institute, in Germany tells us just how common these last minute repairs are. In the UK, the world's largest offshore windfarm, the Hornsea Two Project, has become fully operational and can...