The latest business and finance news from around the world from the BBC
Consumer confidence grows in the US
People in the US are spending more than earlier in the year as the country's consumer sentiment survey results rise to a three-month high. We hear from the director of the University of Michigan’s survey Joanne Hsu and restaurant owner Duane Greenleaf.
An armed man who held customers and staff hostage in a Beirut bank has been hailed as a hero. Journalist Wael Talib explains from Lebanon.
The French nuclear company EDF is suing its own government for more than eight billion dollars after it was forced to sell energy to consumers at a loss. Carole Nakhle an energy economist in Germany tells us whether this could set a precedent of nationalising energy countries across Europe.
(Picture: HOUSTON, TEXAS - JULY 15: A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Picture Credit: Getty Images).
South Korea pardons the 'Samsung Prince'
Samsung heir Lee Jae-yong, who was convicted of bribery and embezzlement in 2017, has been granted a special presidential pardon.South Korea's government justified the move, saying the de-facto leader of the country's biggest company was needed back at the helm to spearhead economic recovery post-pandemic. We speak to journalist Nemo Kim, who also teaches politics at Soon Chun Hyang University. Wildfires and drought are continuing to affect large swathes of Europe. We assess the impact on the shipping and wine industries. The shortlist of seven UK cities to host next year's Eurovision Song Contest has been announced. But what are the economic pros and cons of hosting the event?
US Attorney General asks judge to unseal Trump warrant
The US Justice Department is asking a Florida court to unseal the warrant that let FBI agents search former President Donald Trump's home. If granted, the request would make the documents available to the public. We hear more from the BBC’s Washington correspondent Nomia Iqbal.
Canada is temporarily banning the importation of restricted handguns ahead of more restrictive, permanent measures from Parliament. We talk to economist Ed Lotterman.
The Unification Church, commonly known as the Moonies, have come under the spotlight in Japan after the assassination of former prime minister Shinzo Abe. Professor Levi McLauhglin explains why a religious group is so controversial and how it became so powerful in Japan.
The BBC’s Suranjana Tewari reports about a celebrity’s investments in Asia to help develop talent in the snooker industry. We also discuss the latest from the markets with Greenwood Capital’s Walter Todd.
Meta’s BlenderBot3 doesn’t seem to like its own boss, Mark Zuckerberg. We ask Bloomberg’s Charlie Hancock what lies behind the concept of the recently launched chatbot.
South Africa and EU reach deal over stranded citrus
South Africa and the EU have reached agreement over tonnes of citrus fruits that have been stranded in European ports. It follows a change in rules that means exporters now have to apply a cold treatment to things like oranges and lemons to prevent the spread of pests. We speak to Hannes de Waal from Sundays River Citrus in South Africa. Facebook's parent company Meta introduces a new prototype chatbot, Blender Bot 3, which told the BBC that Mark Zuckerberg exploits its users for money. India's hotel sector bounces back in the second quarter, with growth of 300%. We hear from a photographer in Bangalore, who's seen an uptick to his Airbnb bookings.
Disney overtakes Netflix in streaming war
Disney, the American media giant, has beaten expectations in its latest results. Its on-demand platform now has more than 152 million subscribers, but it comes at a time of declining revenues for streaming services.
Meanwhile, there's been lower-than-predicted inflation in the US. To crunch the numbers, we're joined by Susan Schmidt, Head of US Equity at Exchange Capital Resources in Chicago; and Randall Kroszner, a former Governor of the Federal Reserve Board.
It's almost a year since the Taliban seized control of Afghanistan. Now a group of leading economists is calling on the US President, Joe Biden, to unfreeze the country's cash assets. We speak to Nobel Prize winner Joseph Stiglitz about how that could help citizens.
In his first week in office, Colombia's new president, Gustavo Petro, has announced sweeping tax reforms aimed at rebalancing the country. Sergio Guzman from think tank Colombia Risk Analysis explains how it could make or break his leadership.
We're also joined by Stefano Aurecchio from the Neopolitan Pizza Association, as delivery chain Domino's pulls out of Italy.
US inflation eases following petrol price drop
A fall in petrol prices in the US helped to ease the pace of price rises in July. The Labor Department said the annual inflation rate, the pace at which prices rise, was 8.5% in July, down from June when it surged to 9.1%, the Labor Department said. Our North America Business Correspondent Michelle Fleury talks us through the figures. The World Bank says Afghanistan is facing a food and debt crisis, one year since the Taliban regained power. The US-based pizza delivery chain Domino's is pulling out of Italy after seven years in the country. Celebrity chef, author and TV personality Gennaro Contaldo weighs up the pros and cons of Neapolitan pizza and American-style slices.
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Business goes on but this podcast doesn’t!
Topics are interesting but the host Rahul Tanden.. horrible
I find Rahul Tanden’s voice and delivery supremely irritating. This person should not be on radio/podcasts. Absolutely the worst amateur. The quality standards at the BCC have dropped dramatically over the years and he is no exception. Someone who can’t evenly deliver, control his voice and volume should be flipping burgers at McDonald. He doesn’t belong on radio.
I love Most BBC Reporting...
... but please stop your predictable pattern of turning every other story into your annoying breathless rants about gender inequality, lgbtq confusion, climate crisis, race baiting, USA snarking, Trump bashing and global shaming. If you want to flagellate yourselves over your Empire history, fine, but don’t draw the USA and other nations into your guilt trips. You act as if you are very jealous of your American cousins, get over it! Wake-up, the majority of the world really don’t want your lectures, just the balanced news please.