The latest business and finance news from around the world from the BBC
European Commission announces Ukraine financial aid
The EU Commission president has offered $1.3bn in financial assistance for Ukraine. Ursula von der Leyen's announcement came as NATO put forces on standby and Britain and the US withdrew diplomats from Ukraine, as the threat of a potential Russian invasion continues. We assess Russia's position in the dispute with Chris Weafer, who is chief executive of the Moscow-based economic consultancy Macro Advisory. Also in the programme, the Australian mining giant Fortescue Metals has bought the battery and technology arm of the Williams Formula One racing team. Craig Williams is chief executive of Williams Advanced Engineering, and tells us what makes the organisation attractive. Google is facing concerns from Germany's largest publishers and advertisers, which are asking the EU to intervene over the search giant's plan to stop the use of third-party tracking cookies in its Chrome web browser. Javier Espinoza from the Financial Times brings us the background. Plus, the pandemic has disrupted the industry awards sector considerably over the past two years. Our regular workplace commentator Peter Morgan tells us why he is happy to keep his tuxedo tucked away in the wardrobe.
Italy to elect a new president
This week members of the Italian Parliament will elect a new head of state in a secret ballot. The powers of the president are limited, but the role of overseeing the appointment of the prime minister will be key as the country holds a general election next year, as we hear from Paola Subacchi, professor of international economics at Queen Mary University of London. Over the weekend former Prime Minister Silvio Berlusconi dropped out of the running. Meanwhile, the Italian economy has been growing stronger, as Valentina Meliciani, professor of economics at Luiss University in Rome, explains.
Thousands of unvaccinated American truck drivers are banned from crossing the border into Canada and now the US is also blocking Canadian truckers. We have an extended report on the problems that could be caused by a shortage of truck drivers. Plus, we revisit the panic buying at the beginning of the pandemic. Adam Kaat worked in a supermarket in the state of Colorado in 2020 and has written a book about his experiences.
Update: Intel to invest $20bn in new Ohio chipmaking complex
The American technology firm Intel says it will spend $20 billion dollars to build two semiconductor chip factories in the US state of Ohio as a global shortage continues. Alena Semuels is the Senior Economics Correspondent at Time and explains the significance of the factories. Chris Low of FHN Financial analyses the possible wider impact on the markets. Also on the programme, how long should people isolate when they have Covid? And are businesses able to keep up with the changing rules? Its a question Marketplace's Kai Rysdall put to Cynthia Baur of the University of Maryland School of Public Health
This edition of World Business Report was presented by Rahul Tandon and produced by Nisha Patel
TotalEnergies and Chevron leave Myanmar
French and American energy giants TotalEnergies and Chevron are pulling out of Myanmar. They've cited deteriorating human rights in the wake of last year's coup in the country. We find out more from Gareth Leather, who is on the emerging markets team at Capital Economics.
Also in the programme, an investment of more than $400 million by the mining firm Rio Tinto on a potential lithium venture in Serbia appears to have come to nothing. The BBC's Guy Delaunay explains why.
After the British culture secretary warned that the way the BBC is funded may be coming to an end in the next few years, the BBC's Rob Young explores the way public service broadcasters are funded around the world.
Plus, the singer Adele has been forced to cancel a series of gigs, or residency, in Las Vegas at the last minute. Mark Mulligan of entertainment analysis company MIDiA Research tells us about the attraction to artists of the residency format.
Today's edition is presented by Fergus Nicoll, and produced by Will Bain, Sara Parry and Philippa Goodrich.
Update: Deadly blast in Ghana
A huge explosion in the west of the country has caused massive damage and loss of life.
Ukraine tension mounts
As signs of a possible Russian invasion of Ukraine mount we gauge the mood in the country. Orysia Lutsevych heads the Ukraine Forum in the Russia and Eurasia programme at Chatham House, and brings us her perspective. And we speak with Oleg Chernyak, who works for a software development company CHI Software, based in Kharkiv, but with offices around the country. Also in the programme, last weekend's underwater volcano eruption in Tonga caused a devastating oil spill thousands of miles to the east in Peru. Simeon Tegel is a freelance reporter based in Lima, and discusses the implications. Plus, the trend of "lying flat" is catching on among young Chinese who are opting out of competitive careers. The BBC's Ed Butler reports on the phenomenon.
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