The latest business and finance news from around the world from the BBC
Crypto lender BlockFi files for bankruptcy after FTX crash
The firm had previously admitted to have "significant exposure" to FTX, which collapsed in mid-November after a rush of customer withdrawals ran out its reserves. We look into the repercussions that this might have in the crypto industry.
Also in the programme, Disney’s returning CEO, Bob Iger, has outlined his vision for a company that had lost momentum in the last few months. We discuss the challenges the executive faces, which includes reversing recent losses registered by the company in their streaming and film-producing businesses.
And we look into why Ghana has announced the steepest interest rate hike of the last 19 years.
China: Widespread protests against the country's zero-Covid policy
Authorities in China are seeking to end protests against Covid restrictions that spread to some of its biggest cities over the weekend.
Many cities across the country are locked down as the government tries to control record Covid-19 cases.
We'll find out what effect this new instability is having on financial markets and businesses in China.
Chip shortages hit car production
Jaguar Land Rover has announced it will reduce output temporarily as the firm struggles to stock up on microchips. We explore why the shortage is lasting so long and its impact on the car making industry.
We also discuss the latest from Black Friday, with Amazon workers striking and protesting in several countries on the biggest shopping day of the year. And we take a look at what stores in the US are doing to clear inventories in a slowing economy.
Also in the programme, have US financiers fallen out of love with English football? And early rising is one of the latest trends on TikTok for those on the search of success. But what for some is a choice, for others is a necessity.
Why this Black Friday is a harder sell
It's the biggest retail day of the year in many parts of the world. But in the midst of an economic storm, is Black Friday the bellwether of a gloomier holiday season? For the African e-commerce platform Jumia, Black Friday comes at a particularly turbulent time. The firm's co-founders stepped down after it posted major losses earlier in the year. Jumia's new boss tells us about the latest restructuring effort. Another company seeking to transform its fortunes is the web platform Yandex, often touted as Russia's answer to Google. We hear why part of that means cutting ties with the country altogether.
Covid cases in China hit record high
Daily Covid cases in China soar to record high since the pandemic began, despite the government's intense strategy of lockdowns and mass testing to prevent infections. We hear from residents about the current situation in the capital, Beijing, where there's been a renewed surge in cases.
Also in the programme, we take a look at the latest developments in the European Union, where members are struggling to agree on a price cap to gas imports.
Zimbabwe has vowed to double government spending in 2023, as the government says the country is now emerging from a recession. We explore how authorities are dealing with high levels of inflation and debt.
JCPenney's Chief Marketing Officer explains why Black Friday is important to retailers the US amid the current cost of living crisis.
Where next in China's Covid war?
There's looming uncertainty across major Chinese cities as coronavirus continues to spread. Deserted streets and tower blocks under quarantine are familiar sights again in Beijing. But are citizens more worried about lockdowns and livelihoods than the virus itself? Elsewhere, as Americans (and other consumers) prepare for Black Friday, retailers are hoping for heavy spending in spite of household price pressures. The UN has agreed to take a lead on global tax rules, after member states criticised the OECD's six-decade track record. Also, World Business Report blasts off to find out why the race for space is heating up once again.
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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.