World Business Report
World Business Report
BBC World Service
The latest business and finance news from around the world, on the BBC.
China launches first regular Arctic shipping route
The "Ice Silk Road" will run along the north Russian coast on its journey between Ningbo on China’s east coast and Felixstowe in the UK. Sea Legend, the Chinese container shipping company behind it, say the region is emerging as a viable alternative to the world’s traditional shipping routes.Also, officials in Germany say falling water levels on the river Rhine could mean that it split into two separate sections for cargo boats. The river is forecast to drop below ten centimetres this week making part of it too low for commercial shipping and cruises.
Aug 10
8 min
The USA's employment slump
The US saw a weaker market after losing 23,000 jobs in July and it's figures are much worse than expected. We'll be hearing why the American economy isn't creating more jobs.Plus, could oil be the saviour of Venezuela's economic needs? As the conflict in the Middle East continues to choke global supplies, Venezuela has a unique opportunity to gain market share and investment through having the world's largest reserves.And, Wetherspoons, a large pub chain in the UK has banned Meta's smart glasses which allows the wearer to film what they're looking at, sometimes without the subject's knowledge. We hear from a bar owner who's followed suit for their customers' privacy.
Aug 7
26 min
US creates fewer new jobs than expected
Overall, the US economy shed 23,000 jobs in July in the latest sign of a cooling labour market. Traders say an interest rate rise is now less likely.Meta, the owner of Instagram and Facebook, has been fined a record penalty of half a billion dollars in a court case over child safety.And a row has broken out in the UK as a local authority tries to stop people standing up in pubs.
Aug 7
8 min
The heatwave economy
This summer has been heatwave after heatwave, and countries like Turkey and Romania have seen a bumper harvest, we're taking a look at how the extreme heat is impacting farmers around Europe and what that could mean for food prices.We'll hear from a SpaceX employee who's been made a millionaire after selling his shares, and is it ever acceptable to wear shorts to the office?PHOTO CREDIT: EPA/Shutterstock
Aug 6
26 min
Cashing in on SpaceX
As some SpaceX shares become available to sell, it's potentially a massive payday for staff. We hear from a former worker about his plans for the money.Plus, across the world, communities are counting the costs of wildfires, conflict and geopolitical instability. The boss of Swiss Re speaks to Sarah Rogers about the impact on the insurance industry.
Aug 6
9 min
It's extra time at FIFA
FIFA's leadership is under scrutiny as Gianni Infantino hosts crisis meeting with senior officials as their are calls for him to resign. Ed Butler will be hearing what his future is looking like.Also how a record drought is cutting rail freight in Europe and why the Saudi Crown Prince is buying one of the world's top video game developers.Photo Credit: PA
Aug 5
26 min
Lift off for SpaceX?
Lift-off for Elon Musk's tech company, SpaceX, as it reports its first results since going public. We examine what the company is worth and hear investors' reaction.Also, we look at Spotify's latest user numbers and explore whether the music streaming giant could be running out of new listeners.Elsewhere, we hear from tech workers in Gaza, ten months after the US-brokered ceasefire between Israel and Hamas.And, how Europe has spent the summer trying to buy its way out of the heat.PHOTO CREDIT: (EPA/Shutterstock)
Aug 4
27 min
Why are oil company profits so high?
Oil companies are seeing their profits spike as the Iran war continues, but President Trump says they're making too much money. So why are profits so high? Sarah Rogers takes a look. Plus, how would you feel if the government was allowed to access data from your phone? US tech giant Apple has confirmed it has launched a new legal complaint against the UK government for trying to do just that.
Aug 4
9 min
Blues on the Danube
We explore the impact of the Danube river running at its lowest level in decades on freight, car production and nuclear reactors in the area. Elsewhere in a big few days for the media sector, we explore why superheroes are back, the latest on the sale of Electronic Arts and why Netflix is going into short form content.Also, why one of Europe's most wanted drugs fugitives is living freely and with government protection in west AfricaAnd how Japan and the US have carried out a rare joint intervention to prop up the YenPHOTO CREDIT: (REUTERS/Marton Monus)
Aug 3
27 min
Ukraine takes aim at Russia's economy
Ukrainian drone strikes hit Wildberries warehouses across Russia, with 16 distribution centres damaged or destroyed in the past fortnight. As the country's biggest online retailer faces disruption and a Lukoil oil refinery is also hit, we examine why Ukraine is targeting Russian business infrastructure.Also, oil prices rise after Iran stops two vessels attempting to leave the Strait of Hormuz. We ask why crude has not surged even higher, and look at how China's hidden oil reserves have helped limit the impact on global markets.FIFA faces a growing backlash over plans to sell minority stakes in a new commercial entity controlling future tournament rights, with UEFA, other federations and senior figures inside FIFA pushing back against the proposal.Plus, we examine the collapse of an AI-focused hedge fund once valued at $45 billion, led by 24-year-old tech entrepreneur Leopold Aschenbrenner, after its assets were bought by a rival firm for less than $10 billion.Image Credit: STRINGER/EPA/Shutterstock
Jul 31
26 min
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