Business Daily

Munitions, equipment losses, sanctions, isolation - Vladimir Putin's decision to invade has come with a rapidly increasing price tag. Just the cost of prosecuting the war is proving astronomical, as Edward Arnold of military think tank RUSI tells Ed Butler. Then there's the economic blowback - the freezing of the central bank's reserves, the exclusion from international finance, the boycotting by...

Recent floods in eastern Australia have caused devastating losses of life and livelihoods. The BBC's Vivienne Nunis visits southeast Queensland and northern New South Wales where the damage bill from torrential rain is said to be in the billions of dollars. Climate change means natural disasters are becoming more frequent but that means insurance premiums are now too costly for many. So what can b...

A race is on to spot and catch some of the world's biggest and most dazzling yachts owned by Russian oligarchs with ties to President Vladimir Putin in retaliation for the Kremlin's invasion of Ukraine. Several of these multi-million dollar floating assets have been seized by US and European governments. But it's proving difficult to track the vessels, and then there is the issue of what to do wit...

Today to mark International Women’s Day we are hearing the story of one woman in Ukraine, as her professional and personal life is turned upside down by the Russian invasion. We hear how women are adapting their day-jobs to help with Ukraine’s war effort and as men are banned from leaving the country, we look at the choice facing the women: to leave and survive, or stay to live, fight, and possibl...

Food price inflation was already a problem. Could the conflict make things even worse? Ukraine and Russia are both major food exporters. Tamasin Ford looks at how the war in Ukraine is affecting global prices. Food price inflation was already a major problem in many parts of the world, and there are fears that the conflict will make matters even worse. David Beasley, Executive Director of the Worl...

On Business Weekly this week, as the fighting in parts of Ukraine intensified, a suite of sanctions has been levied on Russia, cutting off the country from the inter-bank messaging system Swift and restricting access to the foreign reserves Russia holds in the West’s central banks. Many large international companies are scaling down their businesses in Russia, including the oil giants BP and Shell...

The Ukraine invasion is forcing the European Union to completely rethink its energy policy. Tamasin Ford asks how easily the continent could wean itself off Russian fossil fuels. After all, Europe's oil and gas purchases from Russia helped to fund this war in the first place, according to Kristine Berzina of the German Marshall Fund in Washington DC. The immediate task is to slash dependence on Ru...

How the conflict in Ukraine is playing out in cyberspace. With the conflict in Ukraine still raging following Russia’s invasion Ed Butler speaks to hackers from Ukraine including Vlad Styran of Berezha Security Group, one of the people tasked with fending off digital attacks on Ukraine. Dyma Budorin, CEO of cybersecurity firm Hacken. IO, tells Ed he left the country before the current conflict bro...

What will new legislation to crack down on “dirty money” in the UK be worth? Western governments have applied unprecedented sanctions on Russia following the invasion of Ukraine. But is it time they did more to address the corrupt money invested in their own countries? Ed Butler speaks to investigative journalist Tom Burgis, author of Kleptopia: How Dirty Money is Conquering the World. (Picture: M...

Non-fungible tokens - or NFTs as they’re known - are already big business, whether you’ve heard about them or not. But when it comes to those creating them, there’s a huge gender disparity. We hear from two female artists - Michele Pred in Oakland and Yiying Lu from San Francisco - plus Liana Zavo who runs her own PR and marketing company. Women make up just 16% of all NFT artists - according to A...

How the latest penalties for invading Ukraine will hit Russia, and may also spill over into the world economy. Ed Butler explores what the democratic world hopes to achieve with their targeting of the Russian Central Bank's currency reserves, as well as the exclusion of major Russian banks from the global communications network Swift. Elina Ribakova, deputy chief economist at the Institute of Inte...

The multibillion dollar streaming industry is thriving, but too much choice makes it a fragmented landscape. In order to survive, the smallest companies might have the edge. Entertainment reporter Katie Ceck says the current model of streaming is unsustainable, and that the trend towards big companies gobbling up smaller ones is the future. Despite being a cluttered market, film lecturer in Vancou...

A series of governments on both sides of the Atlantic have announced punitive measures in response to Russia ordering troops into rebel-held regions of eastern Ukraine. But how much of an impact will these sanctions actually have on Russia? In addition to restrictions on banks and access to capital markets, a number of individuals have had assets frozen. We speak to veteran anti-corruption campaig...

Increasingly scientists are using genetic material from wild plants to make agricultural crops more resilient to climate change. To find out how, Rebecca Kesby heads to the Millennium Seed Bank for the Royal Botanic Gardens Kew, in the south of England. There she meets Dr Chris Cockel, one of their project coordinators. We also hear from Asmund Asdal of the Global Seed Vault, which is located in a...

California's state capital suffers from a serious shortage of housing, like much of the Golden State. Small informal encampments along riverbanks or the side of the road are a common sight. We hear from Laura Nussbaum, a woman living in one of these camps in Sacramento. She's trying to get back into permanent housing but doesn't think she'll get any help from the city. Meanwhile, the mayor of Sacr...

In Business Weekly, we look at the implications of the European Court of Justice clearing the way for the European Union to cut billions of euros in funding to Poland and Hungary. Judges dismissed a challenge by the two nations, with the court ruling that the EU can suspend funding to member states that violate the bloc’s democratic values. Sophie Pornschlegel at the Brussels-based European Policy...

There’s a credit crunch facing dozens of the world's poorest countries: billions of dollars are now owed and some countries simply won't manage the repayments. So who should foot the bill? We speak with Sri Lankan businessman, Indika Merenchige, who imports vehicles in to Sri Lanka – but it’s not business as usual when your government has defaulted with one of the world’s most influential creditor...

Two years on from the start of the pandemic and most visitors are still banned from Japan. We take a look at why the world’s third largest economy has one of the strictest border controls in the world. How is it affecting people? And how is it affecting the economy? Tamasin Ford goes on a virtual tour of Tokyo’s foodie hotspots with Yukari Sakamoto, writer, chef and the author of a book called Foo...

Have US pharmaceutical companies created a web of disinformation to boost their profits? That's the accusation of John Abramson, an academic at Harvard Medical School. In an extended interview with the BBC's Ed Butler, he discusses the thesis of his new book, Sickening: How Big Pharma Broke American Health Care and How We Can Repair It. According to Abramson, scandals such as the opioid addiction...

Many of us will have noticed 'friend' or 'follow' requests on our social media from strangers with profiles which don’t quite ring true. They mainly use cloned pictures, often taken from accounts of those in the US military. Zoe Kleinman investigates the global industry of romance scamming, which can have tragic consequences. Zoe hears from Lisa Forte, a cyber security expert from Red Goat Securit...

The UN describes people living with disabilities as the world’s largest minority group. A billion of us live with some sort of disability and are up to twice as likely to be unemployed than non-disabled people. For Caroline Casey, the founder and creator of the Valuable 500, this was a challenge. She calls herself a troublemaker and as such she has persuaded the CEO's of more than 500 of the world...

On this edition of Business Weekly, we’re looking at BP’s latest results. The energy giant made a profit of $12.8bn last year - thanks mainly to surging oil and gas prices. This comes after a loss in 2020. We hear why some are calling for a ‘windfall tax’ - a one-off charge that would then be channelled to help struggling consumers battling price rises. We hear the response from BP, and comments f...

Argentina’s government and the International Monetary Fund have been renegotiating the terms of a 2018 loan issued to the country – the largest in IMF history. The Fund’s own internal analysis of that deal was scathing. The 2018 package had been vaunted for its commitment to protecting the most vulnerable in society. Yet people in Argentina, and particularly those on the lowest incomes, are curren...

The use of robots in North American workplaces has increased by 40% since the start of the pandemic and the small to medium sized businesses, which never automated before, are getting in on the act. The robotics industry has responded to the global increased demand by creating more and more customisable robots, which can be leased or hired. Ivana Davidovic explores what effect this has had - and c...

Greed is considered one of the seven deadly sins; but is the accumulation - and retention - of wealth always a bad thing? With economic inequality growing, Elizabeth Hotson asks John Paul Rollert, from the Chicago Booth school of management, why greed has historically invited criticism. We also hear from Paul Piff, Associate Professor of Psychological Science at the University of California, Irvin...