189 episodes
Business Matters BBC World Service
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- Business
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4.4 • 41 Ratings
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Global business news, with live guests and contributions from Asia and the USA.
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Israel stops trade with Turkey
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 -
Turkey says it is stopping trade with Israel over the war in Gaza
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) -
US holds interest rates for sixth time
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) -
Binance founder sent to prison
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) -
The G7 says no more to coal fired power stations by 2035
Ed Butler presents with guests Kristina Hooper, who's Chief Global Market Strategist at Invesco, the investment firm in New York, and Jessica Khine, who's Head of Asia for the Japanese financial consultancy, Astris Advisory.
They discuss the decision on scrapping coal-fired power stations made by the G7, the Premier League introducing new financial rules, and the story about the mining giants BHP and Vale who've offered to pay Brazil about $25.7 billion in total compensation for a 2015 dam disaster at an iron ore complex.
Photo: Ratcliffe on Soar coal-fired power station, Jeremy Ball, BBC News -
US-China relations: How will it affect businesses?
America's top diplomat and the Chinese president have held talks in Beijing as both sides seek to stabilise relations. US Secretary of State Antony Blinken has warned that Washington will act if China does not stop supplying Russia with items used in its assault on Ukraine.
Also, in the programme, Roger Hearing finds out how important good manners still are in the business world and who created World biggest 3D printer.
(Picture: U.S. Secretary of State Antony Blinken visits China. Picture credit: Reuters)
Customer Reviews
Informative, effective & fun summarization of daily business
Relentless pursuit of connecting all the geo-political, environmental & social dots impacting the present & future of economy, globally with entertaining expert observation & analysis.
Perhaps at times it could improve by giving a more in-depth analysis of the economical impact by key technological trends such as Generative Automated Intelligence (GAI).
In covering the entertaining show of Musk being interviewed by the UK PM for example, the decoding of ‘In the future, people won’t need to work due to AI’ should be heard as: In the near future, where GDP growth is solely driven by systems & machines to process, plan, produce & profit, billionaires and corporations will NOT have a need for human employees to exponentially grow their wealth!
What would be the new definitions for productivity and labor that could leads us through the necessary evolution/revolution of the present economical models & metrics???
Please reconsider Devina Gupta
I applaud BBC World Service’s attempt to diversify their broadcasting staff but Devina is just not up to the task. Her accent and extremely error prone English are unintelligible most of the time. It’s painful to hear her struggle to keep the conversation across interviewees and the two guest contributors interesting and on track. She would do better in a news reading segment which requires much less impromptu/ extemporaneous commentary and hosting. I don’t listen to the episodes hosted by her.
Another great BBC Show
Glad to find another gem to keep me up to the minute on global issues. I could have done without the micro-aggression of the journalist covering the November 21 COVAX facility story. This is regarding his ending quip about what Tedros meant about multilateralizing the vaccine. He clearly meant the collective effort of access and distribution. Quips like that make me wonder if this is the underlying uneasiness of having an African in a position of authority. Just report the facts. This was my intro episode and could have been turned off but BBC has a great reputation and so will let it pass.