Gideon Long dives into the latest US inflation figures after prices rose at their fastest pace in three years. We hear from American business owners on the front line of rising costs. We also turn to China, where inflation remains far lower than in the United States, and examine what the latest figures reveal about the strength of the world's second-largest economy. And with the FIFA World Cup approaching North America, how are businesses preparing for the economic opportunities the tournament could bring?(Picture: Fuel prices are displayed outside a gas station in Washington, DC, USA, 22 May 2026.JIM LO SCALZO/EPA/Shutterstock)

The cost of goods in the United States is rising at its fastest pace in three years, with inflation driven mainly by soaring energy prices since the start of the war in Iran. Economists say the energy shock is feeding through into broader price pressures across the world’s largest economy.Meanwhile, Taiwan’s TSMC, a key player in the global AI boom and the centre of the US-China tech rivalry, has been speaking exclusively to the BBC about whether it can keep up with surging demand for advanced chips.And with just a day to go, large numbers of World Cup 2026 tickets are appearing on resale platforms. Presenter: Leanna Byrne Producer: David Cann

The UK competition watchdog started the investigation into Paramount Skydance's $110bn takeover of Warner Bros Discovery. We ask the former CMA director how will it affect the deal?Also, why is Switzerland going to restrict the number of the population in the country?And we look into one of the most successful IPO - SpaceX.

Chinese President Xi Jinping has wrapped up a two-day visit to North Korea featuring military honours, public displays of friendship and talks with Kim Jong Un. While few concrete agreements emerged, the trip sends a clear signal that Beijing wants to strengthen its relationship with its isolated neighbour.Plus, Indonesia's central bank has unexpectedly raised interest rates in an effort to stabilise the rupiah after its sharpest decline in years. And the race to public markets is accelerating. Just days before SpaceX is expected to begin trading, OpenAI, the company behind ChatGPT, has confidentially filed for an initial public offering. We look at what could be one of the most significant listings in the technology sector for years. Presenter: Leanna Byrne Producer: David Cann

A federal judge has overturned the $100,000 H 1B visa application fee ordered by President Donald Trump saying it's an unlawful tax.IATA, the airline industry's main body says it likely to miss its key emission target.And China's Xi Jinping is in North Korea. What's he after?

Global stock markets have fallen sharply after a sell-off in technology shares combined with growing uncertainty over tensions in the Middle East.South Korea's Kospi index briefly suspended trading after plunging at the open, while Japan's Nikkei also suffered heavy losses. Plus, Chinese President Xi Jinping is in North Korea for talks with Kim Jong Un. We look at what the visit could mean for trade and economic ties between the two neighbours. Oil prices initially surged before easing back. We ask what that tells us about how investors are assessing the risk of a wider regional conflict. And Prada has entered the space race. The Italian fashion house has helped develop part of a new spacesuit for future NASA missions. Presenter: Leanna Byrne Producer: David Cann

US hospitality industry leads on new jobs growth, but is AI still impacting hiring for white-collar roles?Moscow says the Russian economy is proving resilient in the face of international sanctions - we hear how the economy hits the local business from the Russian business owner in St Petersburg.And the legacy of the co-founder of Netflix, Reed Hastings, who departs the streaming giant today after almost thirty years.

US jobs growth was way better than expected last month. The world’s biggest economy added twice as many jobs as economists had forecast: 172,000 versus predictions of around 88,000. Many of the new jobs were in the hospitality sector as pubs, bars and restaurants ramped up hiring ahead of the World Cup. The figures cover the lead up to the tournament, being jointly hosted by the US, Mexico and Canada.Plus, nearly a year after the Air India crash in Ahmedabad, the families of victims in India say they’re being paid significantly less in compensation than their counterparts in the UK.We hear from one of Vladimir Putin’s top advisers on the state of the Russian economy, and from a co-founder of the AI giant Anthropic, who says artificial intelligence needs to be reined in. Presenter: Leanna Byrne Producer: Gideon Long

As Elon Musk's SpaceX seeks a valuation of nearly one-point-eight trillion dollars, which would make it the largest initial public sale in history, we find out what that could look like.Elsewhere Armenia has today secured €50m in aid from European union to offset Russian trade restrictions, we find out the impact on business.And as a Nepali man who went missing on Mount Everest is found alive... we'll explore the business of climbing the world's most iconic mountain which has just ended a record-breaking season of ascents.

The head of manufacturers association in Switzerland weighs in on what's at stake from President Trump's latest policy on trade.Also, what's gooing on behind the scenes at 60 Minutes, as a major network boss weilds the axe at the highest rating US current affairs programme.And Michelle Obama says it's good for Gen Z workers to experience bad bosses and boring jobs.. but is she right?