World Business Report

World Business Report


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


Wall Street Update 26/4/17  

Doug McIntyre of 24/7 Wall Street on the day's trading.

Trump Seeks to Slash Tax for Business  

The US Treasury Secretary has confirmed plans to slash US corporation tax to 15%. David Rennie is Washington bureau chief for The Economist, and tells us how likely it is that the plan will make it through the US Congress. Also in the programme, carmaker Hyundai has revealed a sharp fall in profits as South Korean companies bear the brunt of tensions between its government and China over a missile defence shield. We find out more from Alex Jensen, a journalist based in Seoul. The banking giant Credit Suisse is seeking $4bn in a rights issue. The BBC's Theo Leggett tells us why. Finland is involved in a pilot of universal basic income, where the state would pay a fixed sum to all its citizens irrespective of whether they have a job. The BBC's Paul Moss reports from Tampere. Plus, after a giant rabbit died in the hold of a flight to Chicago's O'Hare airport, we find out about the perils of travelling with pets, from travel writer Neil Taylor.

Wall Street Update 25/4/17  

Mark Kepner of Themis Trading in New Jersey on the day's trading.

What Next for the European Union?  

In light of France's presidential election last Sunday, we consider the future of the EU. Economist Roger Bootle of Capital Economics discusses with Richard Portes of the London Business School. Also in the programme, the founder of Wikipedia, Jimmy Wales, tells us why he believes a new project called Wikitribune may help to combat fake news. The BBC's Will Bain reports on a boost of six per cent to music sales last year, helped by a 60% rise in revenue from music streaming. As scientists target the goal of computers that can learn as they go along, Dr Sabine Hauert, professor of robotics at Bristol University in the UK, explains the prospects for so-called machine learning. Plus our regular commentator Lucy Kellaway of the Financial Times considers why chatting in the office has gone out of fashion.

Wall Street Update 24/2/17  

Susannah Streeter speaks to Marine Le Pen's economic advisor, Jean Messiha. Peter Jankovskis of Oakbrook Investments in Chicago on the market reaction to the French election.

France: Macron and Le Pen Face Presidential Runoff  

The rival candidates in France's presidential runoff have been setting out their plans. The BBC's Susannah Streeter and Joe Miller have been gauging reaction on the streets of France to yesterday's first round election. Plus we get the perspective of Christian Chavagneux of the magazine Alternatives Economiques, and Sophie Pedder from The Economist in Paris. And Pierre Gatass, President of the French employers federation MEDEF tells us how the business community is responding.

France Elections: Macron and Le Pen in Run Off  

The centrist Emmanuel Macron will face far-right leader Marine Le Pen in a run-off for the French presidency on 7 May, multiple projections indicate. The two fought off a strong challenge from centre-right François Fillon and hard-left Jean-Luc Mélenchon. We hear from the BBC's Susannah Streeter in Paris and Joe Miller in Lille. Also in the show, South Korea's Presidential race tightens - what will the candidates mean the country's corporate giants? And US Defence Secretary Matthis is in Djibouti. What's so exciting in the horn of Africa that it requires his personal attention.

Wall Street Update  

Markets down ahead of the French elections says Chris Low of FTN Financial

French Terror Attack Ahead of Election  

France deals with the aftermath of an attack on police as the country prepares to vote. We ask Sylvain Courage, editor of the Nouvel Observateur, if it is likely to impact the outcome of the presidential election. And the BBC's Theo Leggett reports from the south of France on why farmers are unhappy with the political elite. Also in the programme, we hear from Ethiopia's prime minister, Hailemariam Desalegn, about how the country is dealing with a regional famine. Plus we bring together Charles Read of The Economist in London, and Mamta Badkar of the Financial Times in New York, to review the main business and economic stories of the past week.

Wall Street Update  

Cary Leahy of Decision Economics discusses the day's trading

Pakistan PM Survives Panama Papers Ruling  

Pakistan's Supreme Court ordered a new investigation into Prime Minister Nawaz Sharif. The BBC's Secunder Kermani in Islamabad explains the background to corruption allegations, and we get context from journalist Oliver Bullough, who has written extensively on the subject of corruption. Also in the programme, the power-brokers of the global financial system are attending spring meetings of the World Bank and International Monetary Fund. BBC economics correspondent Andrew Walker tells us that protectionism is high on the agenda. As President Donald Trump approaches his hundredth day in office, our regular economic commentator, Irwin Stelzer of the Hudson Institute, offers a report card on progress so far. With France's presidential election now just a few days away, the BBC's Theo Leggett reports from France on the role immigration is playing in the campaign. Plus as the US television network HBO strikes a $250m co-production deal with the Sky group, media analyst Alex De Groote explains the thinking behind the move.

Wall Street Update  

Mark Kepner from Themis Trading in New Jersey takes a look at the day's moves on Wall St

UK Snap Election Approved by MPs  

The British Parliament has given its backing to a surprise general election. Henry Newton, director of Open Europe tells us what the rest of the continent is making of what some are calling the 'Brexit election'. Also in the programme, with the first round of voting for a new French president just four days away, the BBC's Theo Leggett explains the economic policies of the runners and riders, and Jeremy Ghez, economics professor at the HEC business school in Paris tells us which contender the EU establishment most fears. In India, tens of thousands of shops, restaurants and bars have been forced to stop selling alcohol, following a ruling prohibiting alcohol sales within 500 metres of national and state highways. The BBC's Shilpa Kannan explains the background. Motorists say thieves are using laptops to hack expensive cars to steal them. Jim Holder is editorial director of What Car magazine, and fills us in. Plus, Lucy Kellaway explains why she has flagrantly disregarded the corporate code of conduct of her employer, the Financial Times.

Wall Street Update  

Doug McIntyre from 24/7 Wall Street takes a look at the day's trading.

France Looks Ahead to Sunday's Presidential Vote  

There are now just five days until France goes to the polls. Voters are largely focused on the sluggish economy, low wages, the cost of living and unemployment, as the BBC's Susannah Streeter reports from France. Also in the programme, Britain's Prime Minster, Theresa May, has called a snap general election for June 8th. We get the views of John Longworth, former director general of the British Chambers of Commerce, who supported the campaign for Britain to leave the European Union, and Sue Wright, managing director of manufacturing firm Diamond Dispersions, who was in favour of Britain remaining in the EU. The BBC's Phil Mercer in Sydney reports from Australia on plans to overhaul the country's immigration system against foreign workers. Plus the Indian business tycoon Vijay Mallya has been detained in the UK, and India is seeking his extradition in relation to allegations of money laundering. The BBC's Sameer Hashmi explains the background from Mumbai.

Wall Street Update  

Peter Jankowskis of Oakbrook Investments in Chicago looks at the day's trading.

Increased Power for Turkey's President Criticised  

Sweeping new powers have been granted to the president of Turkey, Recep Tayyip Erdogan, after a referendum. However, as the BBC's Selin Girit on the ground explains, there has been much criticism of the result - and the voting process itself. We also speak to businesses in the country - from hotels to media - to hear how recent events in Turkey contributed to the public's decision. China's economic growth has surpassed expectations. We hear from people in the streets of the financial district of Shanghai, and the BBC's Karishma Vaswani explains how far the good news goes to allay fears over China's unstable economic growth. And finally, three months since Donald Trump became America's president, we assess how far along he has come towards fulfilling his targets for the American car industry. President Trump has urged US industry to make its cars inside America rather than importing them from countries like Mexico. The BBC's Vincent Dowd reports from Motor City, Detroit - once the heart of the vehicle manufacturing.

Airbnb Users Burgled After Hack  

Following a BBC investigation Airbnb is being forced to change its security systems

Wall Street Update  

The latest from the US markets with Cary Leahey of Decision Economics

US Dollar Weakens After Historic Shift  

The dollar loses value as America sees a historic shift in its economic policy.

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