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World Business Report

World Business Report

Podcast World Business Report
Podcast World Business Report

World Business Report

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  • US warns of China threat to international order
    The US Secretary of State Antony Blinken has warned that China is the greatest challenge to the international order, even despite the immediate threat posed by Russia. Mr Blinken said the US was not seeking conflict or a new Cold War -- but that it would seek to defend the international order from China's attempts to change it. Elsewhere, Russia's central bank cuts interest rates - we ask what impact it could have on the cost of living. (Image: Secretary Blinken Outlines Policy Towards China At George Washington University. Credit: Getty Images)
    5/26/2022
    21:20
  • UK announces energy firm windfall tax
    The UK is to impose a 25% levy on energy company profits to fund payments to households. Deirdre Michie is chief executive of Offshore Energies UK, and gives us her reaction to the government's announcement. Also in the programme, Russia's Central Bank has unexpectedly cut interest rates by 3 percentage points to 11%, citing a strengthening rouble. Dr Adnan Vatansever is acting director of King's College London's Russia Institute, and talks us through the health of Russia's economy. The BBC's Archana Shukla reports from Sri Lanka on medicine shortages in the country, caused by a deepening economic crisis. Plus, as the value of wool falls, more and more farmers are turning to sheep that do not need to be sheared. Tim White is a British sheep farmer who owns a company which sells a breed that moults rather than needing shearing.
    5/26/2022
    26:27
  • Is America ready for new gun laws?
    Following the fatal school shooting at an elementary school in Uvalde, Texas, the US Vice President Kamala Harris says it's time for America to stand up to the gun lobby. Her comments come after the attack which left 19 children and two teachers dead. She asks for the US to pass reasonable gun laws, but is America ready? Pfizer announces it will sell all of its patented drugs and vaccines at non-profit prices to the world's poorest countries. We also hear about the food crisis facing Somalia, which is facing its worst drought in four decades.
    5/25/2022
    26:27
  • Pfizer cuts prices for low-income countries
    Drugs giant Pfizer will offer its products to low-income countries on a non-profit basis. The move is part of what the firm calls an Accord for a Healthier World, and we ask Tian Johnson, co-chair of the African Vaccine Delivery Alliance in Johannesburg, whether it marks a significant positive step for healthcare in Africa. Also in the programme, the UK government has given a green light to the sale of Chelsea football club to US billionaire Todd Boehly's Clearlake Capital group. The club's former owner, Russian oligarch Roman Abramovich was forced to sell in the wake of the invasion of Ukraine. University of Liverpool football finance expert Kieran Maguire tells us where the $5bn proceeds of the sale will be going. The BBC's Nikhil Inamdar reports on an extreme heatwave in India, which has forced some farmers to harvest their crops at night. Plus, there is growing concern about the sort of curated body image promoted by modern-day advertising. The BBC's Rabiya Limbada explores efforts to help girls build confidence in how they look and show them why what appears to be beautiful, isn't necessarily as straightforward as it may seem. Today's edition is presented by Mike Johnson, and produced by Nisha Patel and Elizabeth Hotson. (Picture: Vials of Pfizer's Covid-19 vaccine. Picture credit: Getty Images.)
    5/25/2022
    26:28
  • Glencore agrees to plead guilty to corruption charges
    The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the United Kingdom. It will pay more than $1 billion to end a five-year investigation into corporate malpractice. It was accused of directing traders to fix the oil market as well as using bribes to secure business in half a dozen countries, mostly in Africa. We also hear about Sri Lankan Prime Minister Ranil Wickremesinghe's plans to deal with the country's economic crisis.
    5/24/2022
    19:52

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