Business Matters BBC World Service

TikTok has filed a lawsuit aiming to block a US law that would ban in the video app in the country unless it is sold by its Chinese parent company.
In the filing, the social media company called the act an "extraordinary intrusion on free speech rights" of the company and its 170 million American users.
Also, Rahul Tandon, looks at the Disney financial results and finds out what can you buy with Argentina's new 10 000 pesos banknote.
(Picture: The offices of TikTok in Culver City, California. Picture credit: Reuters)

On his first visit to Europe since 2019, president Xi Jinping has been talking about trade ties. The West is worried about cheap Chinese imports of electric cars.
Also, Rahul Tandon finds out why global petrol demand growth could halve in 2024 and what impact the shutdown in Israel would have on Al Jazeera's business operations.
(Picture: State dinner in honour of Chinese President Xi Jinping visiting Paris, France - 06 May 2024. Picture credit: EPA-EFE/REX/Shutterstock)

The Israeli Foreign Ministry is to reduce Turkish imports both to Israel and to the occupied Palestinian territories. It’s also appealing for sanctions against Turkey for violating existing trade agreements.
Also, in the programme, we look at Brazil’s plans to propose a global annual tax for billionaires at the G20 in July

Last month, Ankara introduced partial restrictions citing being refused permission to drop aid into Gaza. Their response was to introduce restrictions on trade. Now, it appears that all imports and exports from Israel have been blocked. The country’s Foreign Minister, Israel Katz said this was "how a dictator behaves" "and they will lose."
Also, in the programme, we look at Pandemic-era fitness darling Peloton is showing more signs of trouble, as the CEO steps down and announcing staff redundancies.
(Picture: Turkish President Erdogan addresses his supporters ahead of the local elections in Istanbul. Picture credit: Reuters)

The US Federal Reserve says it needs greater confidence that inflation is easing before cutting interest rates. We get the latest from our correspondent in New York.
The housing market is one of the industries most impacted by the higher cost of borrowing. We hear from a buyer.
And we have an exclusive interview with Pakistan's Finance Minister, Muhammad Aurangzeb, about the conditions the country has to meet after taking a loan from the International Monetary Fund.
Roger Hearing discusses these and more business stories with two guests on opposite sides of the world: Karen Percy, a freelance reporter in Melbourne, and Alison Van Diggelen, host of 'Fresh Dialogues' in Silicon Valley.
(Photo: A trader works inside a booth, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell. Credit: Reuters)

The Binance founder Changpeng Zhao, who has been sentenced to four months in a US prison for failing to establish adequate anti-money laundering protections.
Reports coming out of Washington suggest that the US government is about to take an historic step toward easing federal restrictions on cannabis.
The lower house of congress in Argentina has given its general approval to a comprehensive package of austerity measures proposed by the President, Javier Milei. The house in Buenos Aires has spent over a day voting on individual articles of the various measures which have led to huge protests in the city in recent months.
Also, China’s leaders have pledged more support for the world’s second-largest economy, saying it "still faces many challenges”; and the Bumble CEO Lidiane Jones says young women in tech have to be "resilient".
Presenter Ed Butler is joined by Yves Hayaux Du Tilly, a Mexican lawyer who advises companies on business matters affecting Mexico and Latin America, and Jennifer Pak, the China correspondent for American Public Media, to discuss the latest international business news.
(Photo: Changpeng Zhao. Credit: Benoit Tessier/Reuters)