World Business Report

Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat. Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine. And prices for Grand Theft Auto 6 have been revealed.

Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat. Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine. And prices for Grand Theft Auto 6 have been revealed.

Farmers across Europe are trying to protect their crops as an intense heatwave grips the continent. Several countries have issued red weather alerts as temperatures soar. Meanwhile, an operation is under way to evacuate thousands of seafarers stranded in the Strait of Hormuz. Why have fuel sales to the public been suspended in Russian occupied Crimea? We also look at how trade between the UK and t...

Ukrainian drone attacks are causing fuel headaches for Russian motorists. Fuel purchases are restricted in much of Russia, with petrol pumps running dry in occupied Crimea. Tech stocks around the world have fallen sharply, led by Elon Musk's rocket and AI firm SpaceX. And it's exactly ten years since the United Kingdom voted to exit the European Union.

Sir Keir Starmer says he will step down as Labour leader and UK prime minister. What does the political uncertainty mean for the British economy? Cape Verde has become one of the stories of the FIFA World Cup - what impact is the tournament having on its economy? And Alan Greenspan, the longtime chair of the US Federal Reserve, has died aged 100. We’ll hear from the former Bank of England governor...

Keir Starmer announces he is stepping down as Britain's Prime Minister, triggering a Labour leadership contest at a crucial moment for the UK economy. We hear from Rain Newton-Smith, CEO of CBI on what businesses will be looking for next. Plus, how SK Hynix overtook Samsung to become South Korea's most valuable company, and a look back at the life and legacy of former US Federal Reserve Chair Alan...

The World Cup hydration breaks are giving players the chance to cool off, but we look at why this is an advantage for advertisers. Venice is now charging day-trippers up to $11 to enter the city in the latest efforts to tackle over tourism, we take a look at what impact this will have on local businesses. And the Toy Story 5 film is out today, we take a look at why the film's franchise has been a...

IPO aims to raise $4 billion for Jio Platforms hopes, the telecom unit of billionaire Mukesh Ambani's Reliance. Is the UK economy 6% smaller as a result of voting for Brexit in 2016? And Iran says ships won't be charged for passing through the Strait of Hormuz during the 60 days peace negotiations period.

The US has lifted its Iran naval blockade following the US-Iran deal. Both countries have signed a deal but what does it actually mean for the two nations? We head to Cuba where the government’s unveiled sweeping reforms, trying to steady an economy that’s really under pressure. And the Governor of Massachusetts has unofficially "legalised" the Scottish dish haggis, as the state continues to welco...

US and Iranian officials have signed a 'memorandum of understanding' to end the war which began in March. Oil and LNG prices are expected to fall as ship traffic resumes. Dozens of Ukrainian drones have struck the biggest oil refinery in Russia's capital Moscow. Many parts of Russia have suffered fuel shortages in recent weeks. And Cuba's Communist government has approved reforms to try and revive...

Donald Trump’s new Federal Reserve chair, Kevin Warsh, has held interest rates steady at his first policy meeting, despite being appointed with a clear expectation that borrowing costs would fall. What does it mean for ordinary business owners in the States? And we look how motorbike couriers smuggling Iranian fuel into Pakistan, where riders say the war has triggered a new boom. Plus how does one...

US Fed Chair Kevin Warsh who was appointed by Trump is to set to oversee his first meeting, but will he hold rates steady? In Japan, six major ice cream makers have been raided following accusations that they have unfairly raised prices. And the Boss of Mondelez who own Cadbury and Toblerone speaks on why he decided to not exit Russia despite their invasion of Ukraine. Presenter Sarah Rogers Produ...

Elon Musk's SpaceX has overtaken Amazon to become the world's fifth most valuable company after a surge in its share price. Why are people keen to invest in commercial space? Also, Cuba's tourism feels the impact of US oil blockade as fewer people visit the country . We hear from a local tourist guide. And will AI replace jobs of young people? We hear from a father and daughter about the challenge...