World Business Report

The Federal Reserve has raised rates for the first time since 2023 the bank focuses on inflation fight. Chair Kevin Warsh defied Donald Trump’s calls for lower borrowing costs. 2026 summer wheat exports from Russia and Ukraine will be 60% lower than pre-war average. Attacks on ports and shipping are to blame. Experts tell World Business Report that global wheat prices are likely to rise. One of Ed...

As businesses in the US prepare themselves for a potential interest rates hike, Luke Wilson hears from a dairy farmer about how it could impact his bottom line. Plus, as President of the European Commission Ursula von der Leyen backs a proposal for Canada to become an associate member of the EU we ask, just what could that relationship look like?

In recent weeks the US Treasury Secretary has tried to tame the bond markets. But can Scott Bessent succeed where so many before him have failed? Also the luxury brand LVMH appears to be losing some of its shine. Why has the luxury giant lost its appeal and how much is the second-hand market to blame? Elsewhere the Ebola outbreak in the Democratic Republic of the Congo has killed more than 3,400 p...

As fuel prices rise across the world, Luke Wilson hears from an economist in Germany about the impact on the country's industry. Plus, how are costs to borrow money affecting mortgage rates?

Anthropic co-founder Jack Clark speaks to the BBC about the dangers of AI development and need for regulation, as the world's biggest AI bosses call for a pause in development, we find out does AI need a kill switch? Also, Africa’s biggest ever share sale has been launched, Aliko Dangote wants millions of Nigerians to own a piece of his oil refinery, to help his plans for expansion. And Russia’s w...

As bosses of AI companies call for a 'slowdown' in the development of the technology, the BBC's Luke Wilson explores if it's even possible without China onboard. Plus, Africa's biggest ever public share has opened in Nigeria and how are oil prices reacting to the closure of a key pipeline in Saudi Arabia.

The Houthis now control the vital Red Sea waterway including the key shipping lane through the Bab al-Mandab Strait. We hear from maritime and security experts.    As oil prices hit an unprecedented six dollars per barrel in the U.S., we go to South Dakota and Massachusetts to speak to American business owners about the impact of higher prices and lower wages.    And on the twenty fifth anniversar...

Prices in the US rose by 3.4% in the year to August, with the cost of living being pushed up by higher gasoline prices. We hear how one business is being impacted. China sets targets to boost the percentage of EV's and autonomous vehicles on its roads. And athletes compete for a share of 10 million dollars at the inaugural World Athletics Ultimate Championship in Budapest Hungary. Presenter: Luke...

The visit to New Delhi is Xi Jinping’s first trip to India in seven years. But will this diplomatic overture lead to stronger business ties between the two countries? We go to our correspondent on the ground who tells us more. How much does the BRICS summit matter? A Brazilian economist tells us her view. An expert on Yemen explains the latest shipping crisis in the region, after Houthi rebels tak...

The European Central Bank has raised its key interest rate to 2.5%, as it steps up efforts to bring inflation under control. Will be taking a look at the kind of impact this is having and will other central banks follow suit. Oil as hit over a hundred dollars a barrel, with jet fuel costs in some parts of the world pushed even higher. And the Chinese telecoms giant Huawei goes on trial in New York...

An Anthropic researcher's post on X that there is a 10% chance that AI "could kill all humans" has been viewed more than ten million times. It comes as Jacob Coxon resigns from the company warning that the two top companies are not "acting responsibly." But others say the warnings are overblown. We hear from experts and the public. We go to the U.S. where Apple is launching a new product, the firs...

Oil prices rise above $100 a barrel for first time since July as tensions escalate in the Middle East, we'll be finding out what this means for consumers this winter. Some of Europe's biggest airlines call for firings over air traffic control outages in the UK as hundreds of flights are cancelled in the UK's busiest airport. And Apple gets set to unveil its latest products with a new boss at the h...

The UK has announced new measures targeting Israeli settlements in the occupied West Bank, including a ban on trade with settlement businesses. The move follows a joint declaration supported by 12 countries, amid concerns over the expansion of settlements. Israel has responded by announcing the closure of the British consulate in East Jerusalem and imposing entry bans on a number of British offici...

Canadian retaliatory tariffs on a range of US goods worth around £20bn dollars have come into effect. We'll hear from a dairy farmer in Ohio about the impact of this. The boss of Dubai Airport says it's bouncing back, even while war in the Middle East continues. And Singapore's Prime Minister gets a 1 million dollar pay rise. Presenter: Luke Wilson Producer: Barbara George

Europe's carmakers are facing challenges from every direction. With Jaguar Land Rover announcing 4,000 job cuts worldwide and Volkswagen's plans to cut 50,000 jobs, we look at why some of the industry's biggest names are feeling the strain. And how much of this is being driven by the changing market in China? The boss of the biggest UK headquartered tech firm, chip design company Arm Holdings, has...

A victory for the far-right in Germany the AfD fuels calls for faster growth in Europe's biggest economy as businesses call for an economic reform. Meanwhile China pumps tens of billions of dollars into its banks to try and boost growth. And Jaguar Land Rover becomes the latest carmaker to cut thousands of jobs Presenter: Luke Wilson Producer: Barbara George

It is birthday celebrations for Aardman Animations. The award-winning British studio behind Wallace and Gromit and Shaun the Sheep celebrates 50 years since it was founded in the UK. And we head over to the US as their latest figures shows they added more jobs than expected but wages are still falling behind inflation. While in Canada, job losses are hitting their retail and finance sectors. We’ll...

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of the biggest restructuring in the group's history. It brings the total number of roles the carmaker - which includes Audi, Porsche, Skoda as well as the VW brand - plans to shed by 2030 to 100,000, after announcing in March that it would cut 50,000 roles. Kenya's President William Ruto has told one of...

Tough times for the gaming industry after news of more lay-offs, this time at Microsoft's Xbox gaming division, Will Bain asks developers and designers if it's all doom and gloom, and what challenges like ahead. And authorities are carrying out investigations after a Ryanair passenger was partially sucked out of a Boeing 737 when a cabin window shattered mid-flight, thousands of feet in the air. W...

A Ryanair passenger was partially sucked out of a Boeing 737 on a flight from Greece to Germany, after a cabin window shattered. Authorities are investigating the cause. The European low cost carrier Easyjet is set to become part of a bidding war between two US based private equity firms. And a heatwave in central Europe has farmers in Switzerland worried.

Volkswagen, whose 10 brands range from Seat to Porsche, is making sweeping production cuts in Germany. We take a look at the impact this is having on the automotive industry in the country. A row over Peking duck is adding to already tense relations between Brussels and Beijing. The European Commission has opened an investigation into whether Chinese duck meat is being sold in Europe at unfairly l...

Volkswagen, whose 10 brands range from Seat to Porsche, is making sweeping production cuts in Germany. We take a look at the impact this is having on the automotive industry in the country. A row over Peking duck is adding to already tense relations between Brussels and Beijing. The European Commission has opened an investigation into whether Chinese duck meat is being sold in Europe at unfairly l...

Energy price rises since US/Israel war with Iran has affected Chinese manufacturers. But retailers in China struggle to raise prices as consumers watch their budgets. Volkswagen's Board is considers move to cut 100,000 jobs in Germany. And we learn about the political philosophy of Manchesterism and how it may soon be seen in No 10 Downing Street.

Pioneering entrepreneur George Johnson has died aged 99. We speak to Valerie Jarrett, American businesswoman, former Senior Advisor to the President of the United States, and chief executive officer of the Obama Foundation. She knew George Johnson throughout his life, and was a close friend. Russia has banned exports of diesel in order to avoid domestic shortages, after a flurry of attacks by Ukra...

Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable. Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz. And the world's biggest professional ESports event gets under way in Paris.