188 episodes
Business Matters BBC World Service
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- Business
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4.4 • 5 Ratings
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Global business and finance news and discussion from the BBC.
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Tesla approve huge pay package for Elon Musk
Tesla shareholders say Elon Musk is entitled to a $56 billion pay package. after a US court invalidated it.. Presenter Devina Gupta asks how much should the head of one of the world's top tech companies be paid?
Disney and Governor Ron DeSantis of Florida come to an agreement after a feud over $17 billion in planned development at Walt Disney World. Disney say the deal will fuel new investment.
The U.S. Supreme Court has backed Starbucks challenge to a judicial order to rehire seven Memphis employees. They were fired as
they sought to form a union.
(Photo: Elon Musk Credit: REUTERS/Gonzalo Fuentes/File Photo) -
The EU imposes new tariffs on China’s EV’s
Shares in several Chinese electric car companies have taken a hit after the European Union imposed new tariffs. The trade barriers have been introduced because the EU says Chinese state subsidies make competition unfair. Our guests from China and the US present their arguments about the on-going issue.
Interest rates in the US remain at a 23-year high and inflation is forecasted to rise. Sam Fenwick finds out how consumers are feeling, and the ways businesses are trying to find extra revenue.
We’re joined throughout the programme by two guests on opposite sides of the world – Tony Nash - CEO of Complete Intelligence, based in Houston, Texas and Karen Percy, senior freelance reporter in Melbourne.
[IMAGE CREDIT: PA] -
Paramount Global shares drop
We begin the show with Hollywood where the future of media giant Paramount Global is uncertain after billionaire Shari Redstone, who holds a controlling share in the company, ended negotiations for a potential merger with Skydance Media. Paramount’s shares have consequently dropped by more than 8%. The decision to end the talks comes after a sales process that many in the industry have described as chaotic.
Away from showbiz, Mexico is grappling with their currency value after the country elected its first female president Claudia Sheinbaum. Her controversial plans to overhaul the judiciary by directly electing top judges has caused the peso to fall 2% against the dollar. It’s lost about 8% since her victory on June 2nd but is a recovery on the horizon? Sam Fenwick finds out why the markets are so concerned about the reforms.
And, we look at how Taiwan is wrestling through an energy crunch to remain the world’s semiconductor powerhouse – but is there enough energy and electricity for chipmakers to sustain its demand?
[IMAGE CREDIT: REUTERS]
We speak to our guests Emily Feng in Taiwan - she is the NPR international correspondent - and Yves Hayaux du Tilly, lawyer and partner with Nader, Hayaux & Goebel in Mexico City. They advise companies on their business in Mexico and Latin America. -
Apple launches AI
As one Silicon Valley titan unveils its latest Apple Intelligence software, we examine the generative AI that's creeping onto a smartphone near you - just how unnerved should you be?
Plus, the concept of subscription streaming arrives in the world of console. Ed Butler examines if it is worth the cost…
And intimacy at the office - is BP right to demand that all its workers to fess up about their workplace love affairs?
Sharing their thoughts we speak to Yoko Ishikura, Professor Emeritus at the Hitotsubashi University in Japan and currently a member of the World Economic Forum’s Expert Network, while here in the UK, we have Stephanie Hare, writer, journalist and all-round luminary on tech, ethics and much more.
[MAGE CREDIT: REUTERS] -
America’s job market enjoys sizeable gain
The United States releases jobs data. More than a quarter of a million new ones were added last month
suggesting the world's largest economy remains buoyant.
In South Korea workers at the country's biggest company ,Samsung. have staged industrial action for the first time in the company's more-than fifty-year history. The BBC’s Sally Nabil reports from Cairo.
Egypt is increasing the price of subsidized bread by 300 per cent.
And the T20 cricket world cup tournament is being held in the US for the first time ever.
We were joined by ABC's senior business correspondent Peter Ryan and Technology journalist Takara Small
Mandatory Credit: Photo by JIM LO SCALZO/EPA-EFE/REX/Shutterstock (14001465b) -
The European Central Bank cuts interest rates
The European Central Bank has announced a cut in its main interest rate from an all-time high of 4% to 3.75%.
A Norwegian mining group has confirmed that it's discovered the largest deposit of rare-earth minerals in Europe.
Mike Lynch, the man once known as Britain’s Bill Gates, has been acquitted of the charges against him by a court in San Francisco.
We look at the impact of the new wave of injectable diabetes and weight loss drugs
And Virgin Australia plans to allow dogs and cats to fly in the main cabin on its flights.
(Credit: European Central Bank. Photo by FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock)
Customer Reviews
Too much variation in quality
Invited guest of varying quality and are never challenged on statements that demonstrably wrong. In the latest program, 1 dec. 2021, on guest host, Jyoti Malhotra, stated that there was no issue with dynastic inheritance of major companies. Despite the fact that such companies on average systematically underperform their peers over time. She cited major Indian companies with DI as examples of why DI works.
Omitting all the issues with such a statement, such as 1: the Indian economy being inefficient compared to other major economies, with a significant corruption issue, thereby reducing internal competition, 2: the huge internal market, which statistically would throw up some major firms even if they are run inefficiently (see mexican telecommunications), 3: the historically very limited access of outside firms to the Indian market, which further decreases competition. And so on, and so on.
Also, as a brief aside she stated that using people forced into internment camps to perform unpaid work is not slave labor. I thought thought that was more or less the definition of slave labor, but she is on the BBC, so it must be right.
I have listened on and off for years, but this will be my final program.