Business Matters BBC World Service
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- Business
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Global business and finance news and discussion from the BBC.
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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) -
Republican donors pledge millions after Trump guilty verdict
Major Republican donors have backed Donald Trump despite his conviction in a hush money case. Presenter Devina Gupta discusses how there is still huge financial backing for the former president. Plus, with Mexico expected to elect its first-ever female president, we examine the economy she inherits, and what her economic priorities likely to be. And, the owner of Worldle, a geography-based spinoff of the hit online game Wordle, tells us how he faces a legal challenge from the New York Times.
(Photo: Donald Trump Credit: Peter Foley EPA-EFE/REX/Shutterstock) -
UN head calls for end to fossil fuel adverts
UN Secretary General Antonio Guterres called coal, oil and gas corporations the “godfathers of climate chaos” who had distorted the truth and deceived the public for decades. He said that just as tobacco advertising was banned because of the threat to health, the same should now apply to fossil fuels.
Also in the programme, Rahul Tandon talks about Canada's interest rate cuts and finds out why a Hollywood film studio is refusing to release a film.
Our guests are Simon Littlewood and Michael Malone.
(Photo: A logo on a Shell petrol station. Credit: Reuters)