World Business Report

South Africa's newly formed national unity government need to get the economy growing again. We hear from entrepreneur and outspoken critic of the ANC Rob Hersov on what can be done.Meta has halted its AI models in Europe after the Irish privacy regulator told it to delay its plan to harness data from Facebook and Instagram users. We look at what happened and why. Also, Devina Gupta turns to Venezuela where Presidential elections are set for July 28. Edmundo Gonzalez, a little-known former diplomat has been chosen by various parties to be their candidate after the most prominent opposition leader had been barred from running.

South Africa's main opposition party, the Democratic Alliance (DA), says it has agreed a deal with the governing African National Congress (ANC) to form a government of national unity. How will it change the economy? Also, in the programme, Rahul Tandon finds out why Japan is become very popular tourism destination and how it affecting local businesses.

The U.S. Supreme Court has backed Starbucks challenge to a judicial order to rehire seven Memphis employees. They were fired as they sought to form a union. Presenter Devina Gupta examines the implications of the verdict. Disney and Governor Ron DeSantis of Florida agree to end a feud over $17 billion in planned development at Walt Disney World. Disney say the deal will fuel new investment. New York has passed a pair of proposed laws that aim to make social media less harmful to children. We hear what the legislation might mean if it is signed off by the State governor.

The G7 is a group of the world's most powerful and economically advanced democracies, and G7 leaders have now arrived for a summit in Italy. Top of the agenda is a plan to use fifty billion dollars in interest from frozen Russian assets as a loan for Ukraine.And Russia penalised by new Western sanctions - this time aimed at the Moscow stock exchange. But will any of it really hurt the Russian economy?Roger Hearing also finds out why Spanish restaurant workers under pressure because everybody eats so late.

The U.S. economy is not out of the woods yet with inflation forecasted to rise and interest rates holding. Sam Fenwick speaks to local business owners in Texas about the knock on affect it’s having on their business.Over to China now and shares in several Chinese electric car companies have taken a hit after the European Union imposed new tariffs. So how might China react?And the US Senate investigates whether BMW has been using parts made by forced labour. The U.S. Senate Finance Committee has found evidence the German carmaker imported at least 8,000 Mini Coopers into the United States, which contained parts from the Chinese supplier. We speak to Committee Chairman, Ron Wyden, about what prompted the investigation.

The EU invented new import tariffs - up to 38% on Chinese electric vehicles triggering a potential trade war with China. With Chinese car makers having plenty of surplus capacity and moving into international markets, the EU lawmakers fear their own companies will be unable to compete. They claim hefty subsidies for domestic production allow Chinese firms to keep prices at a level other firms will struggle to match.Also, in the programme, Will Bain talks about Ukrainian reconstruction conference in Berlin.

German Chancellor Olaf Scholz has opened the latest international donors’ meeting to help rebuild Ukraine. During the conference, Ukrainian allies promised to support the protection of its cities from Russian missiles, while Mr. Scholz urged international businesses to put their faith and money into post-war reconstruction.The Mexican peso takes another tumble. It's fallen nearly 10 percent in a week. Sam Fenwick talks to one of the country's former deputy finance ministers about what's scaring investors. And finally, the attention turns to the rebuilding of Baltimore bridge. Is it time to future proof bridge constructions following the aftermath of its collapse?

At the international conference on the country’s long-term reconstruction EU leaders announced agreements with banks worth 1.4 billion euros ($1.5 billion) to help attract private investment for Ukraine at a conference in Berlin.Investors are going to offer a business case for investing, and talk up Ukraine's potential in sectors including renewables, IT and pharmaceuticals.Also, Rahul Tandon finds out why a court in the US has ordered one of the world's biggest banana producers to pay nearly $40 million in damages in Colombia and why Singapore Airlines offers compensation to passengers after the turbulence.

From Apple iPhone’s to Call of Duty 6 we have blockbuster names from the world of tech for you today - including a controversial plan to sell the new video game via a subscription model. How will that work? Also today, we hear from a former Indian finance minister about the challenges facing the new one as Prime Minister Narendra Modi starts a third term in office. And we consider BP's plan to make all its employees come clean about their workplace love affairs.

European stocks fell on Monday as traders reacted to initial results from the EU Parliament elections and the surprise call for parliamentary elections by French President Emmanuel Macron. Rahul Tandon finds how an early EU election results indicate that populist, far-right parties could have a bigger hand in European policymaking and affecting economy. Also, in the programme, we are talking about Japanese carmakers crisis and finds out why India is returning to a coalition government.

Union workers at Samsung Electronics are holding the first ever strike in the company's five decade history. We find out why, and what impact it could have on. Elsewhere, Rob Young looks at oil giant Aramco's secondary listing, which was priced below expectations. And finally, we look at the multi billion-dollar drug industry focused on weight loss

The European Central Bank has announced a cut in its main interest rate from an all-time high of 4% to 3.75%. A Norwegian mining group has confirmed that it's discovered the largest deposit of rare earth minerals in Europe. And Virgin Australia plans to break new ground by allowing dogs and cats to fly in the main cabin on flights. The BBC’s Phil Mercer tells us morePhoto by FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock. European Central Bank (ECB) President Christine Lagarde addresses a press conference

The European Central Bank has cut interest rates for the first time in five years, but what does it mean for the Eurozone?We hear about the fall of one of India's biggest start-ups, and the BBC's Devina Gupta also looks at the story of online education company, Byjus, as its US lenders kick off bankruptcy proceedings.The latest business and finance news from around the world, on the BBC.

UN Secretary General Antonio Guterres called coal, oil and gas corporations the “godfathers of climate chaos” who had distorted the truth and deceived the public for decades. He said that just as tobacco advertising was banned because of the threat to health, the same should now apply to fossil fuels. Also in the programme, Rahul Tandon talks about Canada's interest rate cuts and finds out why a Hollywood film studio is refusing to release a film.

The St Petersburg International Economic Forum gets underway, with Russia hoping to woo investors from the Middle East, Asia and Africa - amid Western sanctions. We look into why the Chinese-Russian trade boom is now under the spotlight. Elsewhere, Will Bain looks into the latest electric vehicle player hoping to take on Tesla, before talking to the creator of the AI chatbot that mirrors the "future you..."

Modi-led alliance claims victory in India’s general election despite having many critics of high unemployment figures and slow economic growth there. What look at what this means for the Indian economy. We hear from local reporters, economists and business owners in India.

Mexico's first female president, Claudia Sheinbaum, breaks a political glass ceiling and she wins the election. However, following the victory, investors have been reacting rather negatively. They’ve been selling off pesos—Mexico’s currency—over fears of radical constitutional changes. The peso slipped about 3% against the dollar, its lowest level since November last year. How will it affect local business owners and the economy?Also, in the programme, Sam Fenwick finds out why the boss of the World Bank, Ajay Banga, thinks it’s time for emerging economies to stop relying on infinite streams of cash from other governments.

On World Business Report Will Bain hears from one of the main unions leading today's action on why they have called for an indefinite strike.Plus, in an exclusive interview with the BBC, the head of the World Bank tells us that developing nations cannot bank on the deep pockets of wealthier Western NationsAlso find out why Mexico's currency is slipping on a landslide win for a Presidential candidate promising more of the same And Shein has changed fast fashion and become a favourite with shoppers all round the world - so why is where it sells its shares proving so controversial?

Major Republican donors have backed Donald Trump despite his conviction in a hush money case. Presenter Devina Gupta examines why there is still huge financial backing for the former President.Voters go to the polls in Mexico. The country’s new President is the be the first ever woman to lead the nation. We look at the economy she inherits, and what are her economic priorities likely to be.The owner of the hit online game Wordle is legally challenging a geography-based spinoff called Worldle.The New York Times, purchased Wordle for a seven figure sum in 2022. It accuses Worldle of attempting to capitalise on "the enormous goodwill” associated with its own brand.

The South African election is moving ever closer to a result, and it looks like the ANC will have to start talking to potential coalition partners. What could that mean for the economy there? Plus, we're getting reports of another major cyber-attack, this time affecting a major bank. And how does it feel when your niche web project becomes the focus of a trademark claim from a very large company with a very large legal budget?