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...

China's consumer spending and investment have fallen to levels unseen since the pandemic but what does that mean for their economy going forward? Also Donald Trump shares more details on that Iran-US deal at the G7. And we'll be finding out why tourism is declining in the Caribbean island of Cuba. Presenter Sarah Rogers Producer: Barbara George and Aleeza Siddiq

The US and Iran agree deal to end war and could lead to supplies of gas and oil flowing more freely across the world. We hear from the Secretary-General of the International Maritime Organization (IMO) and from one of the world's biggest container shipping firms - Hapag-Lloyd. And as the UK ban socials for under 16's is that the right approach? And how it will affecting businesses?

The US and Iran have reached an agreement to reopen the Strait of Hormuz. We will be hearing what this mean for oil prices in the global market. In the UK there's a ban on under 16's on social media. The UK says it it going further than other countries to remove high-risk features on gaming platforms and livestreaming sites. And Starbucks across South Korea close for a staff history lesson - after...

Elon Musk has become the world's first trillionaire after SpaceX shares soared following the company's stock market debut in New York. Andrew Peach examines what's driving the company's remarkable rise from its Starlink satellite business to the enduring appeal of the Musk brand. Also on the programme, Switzerland is preparing to vote on proposals to limit population growth. But could restricting...

Today is the day SpaceX begins trading on public markets after raising around $75 billion in one of the largest listings on record, valuing the company at nearly $1.8 trillion. Broader markets are also edging higher, with investors weighing whether enthusiasm around SpaceX is part of a wider surge linked to major AI-related listings still to come. There is also growing focus on the personal implic...

El Niño has officially begun, according to scientists at the US National Oceanic and Atmospheric Administration. Will Bain examines what the climate phenomenon could mean for food prices, energy markets, economic growth and weather patterns around the world. We'll also look ahead to Friday's huge Initial Public Offering in shares in SpaceX. And the World Cup is under way. We hear from businesses a...

Wall Street is preparing for what could be the biggest IPO in history as SpaceX gets ready to begin trading on the public markets. We look at the final steps before launch, what investors can expect, and what the listing could mean for the wider technology and space sectors. Also on the programme, the European Central Bank has raised interest rates for the first time in almost three years as polic...

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 Can...

The US proposes new duties of at least 10% on 60 countries in response to the Supreme Court’s decision to strike down Donald Trump’s earlier tariffs US trade representative Jamieson Greer argues that the 60 nations, which cover most of the world including the European Union and Canada, have not done enough to crack down on forced labour. Plus, the OECD gives its latest assessment of the global eco...

More than 30 years after the original movie, Tom Hanks and Tim Allen are back as Woody and Buzz in the fifth instalment of one of the most lucrative franchises in film history. Plus, with inflation rising above 3%, is a rate hike back on the table for the Eurozone? And, Nvidia doubles down on Taiwan despite the self-governed island's tensions with China.

Tech giant Nvidia says it will launch a new “superchip” for personal computers, marking a major new venture for the world’s most valuable company. Plus, Softbank eclipses Toyota to become Japan’s biggest company by market value, and we look at what a rise in fertiliser prices – triggered by war in the Middle East - means for farmers in India.

Workers at Samsung Electronics in South Korea have voted for a massive pay deal. It will mean some workers – particularly those in the AI chip department – receiving a bonus of more than $400,000. Also in the programme, why it's going to be a very expensive Eid al-Adha this year for Muslims due to global inflation. Presenter: Leanna Byrne Producer: Barbara George