World Business Report

Tony Fernandes, the chief executive of the low-cost carrier, has been speaking to the BBC. He says the current high fuel costs are more complex for the airline to manage than during the COVID-19 pandemic. Plus, Danish shipping giant Maersk says it will be able to adapt if charges are introduced for ships transiting the Strait of Hormuz. And the African nation of Madagascar is struggling to deal with fuel shortages as a result of the war in the Persian Gulf.

Ted Turner, founder of CNN died today. We hear from Brian Selter, CNN media correspondent and Lisa Napoli who was an intern in its early days to look back on his life and legacy.It’s also been another turbulent day with oil prices fluctuating dramatically as President Donald Trump believes they’re nearing a deal with Iran.Aluminium hit a four-year high due to the Middle East conflict too. How will this affect the price of cars and canned goods?And with six weeks to go before the Fifa World Cup, hotel booking across the USA are seeing lower hotel bookings than expected.

Oil prices drop after reports that the US and Iran are close to a peace deal. Donald Trump says the war could end with an agreement, and warns strikes will return if not.From the Gulf, we hear how the conflict is already reshaping investor thinking.India is chasing $20 billion in trade with Vietnam as leaders from both countries meet to deepen economic ties.And are weight‑loss drug makers facing a new dose of competition?Presenter: Bisi Adebayo Producer: Niamh Mc Dermott

With the US and Iran trading fire in the Strait of Hormuz, the ceasefire wobbling and oil prices continuing to rise, Sam Fenwick discusses the latest developments as the situation in the Persian Gulf continues to fray. We hear from Nikolas Tsakos, founder and CEO of one of the world's largest independent tanker operators, as well as trade union representative Sascha Meijer, on what this means for those stuck on tankers in the Middle East. Elsewhere we tell you why the price of oil you hear on the news may be misleading, and what it could mean for your fuel bills if the US-Iran conflict drags into next year. Plus, with fashion retailer GAP's co-founder Doris Fisher passing away, we speak to Catherine Shuttleworth on changing fashions of the high street. Global business news, with live guests and contributions from Asia, Europe and the USA. (Picture: US secretary of state Marco Rubio discussing the situation in the Strait of Hormuz within the James S. Brady Press Briefing Room at the White House in Washington D

The ceasefire between Iran and the US is looking increasingly fragile after another day of attacks in the Strait of Hormuz. As tensions rise, so are concerns about the welfare of the 20,000 seafarers believed to be stranded around the passage.In Brussels, European finance ministers have been meeting to discuss the economic impact of the war.And why is the Met Gala, fashion's biggest night under a controversial spotlight?Presenter: Bisi Adebayo Producers: Niamh Mc Dermott and Barbara George

Are ships moving in the Persian Gulf and could it lead to the resumption of hostilities between the US and Iran? Andrew Peach finds out more on the latest developments and speaks to maritime expert Captain John Konrad. Meanwhile, with two clubs celebrating joining the English Premier League, we hear about the financial challenges facing those joining football's elite. And, why the success of the vintage clothing industry is attracting criminals. Global business news, with live guests and contributions from Asia, Europe and the USA.(Picture: Vessels in the Strait of Hormuz near Bandar Abbas, Iran, on 4 May 2026. Credit: Amirhosein Khorgooi / ISNA / West Asia News Agency, via Reuters.)

Video game retail chain GameStop has made a surprise $56bn bid to take over the online marketplace eBay. GameStop’s CEO says he plans to create a competitor to Amazon.Also, the US military says it’s started guiding ships through the Strait of Hormuz as part of President Donald Trump’s “Project Freedom”.And steel boss Lakshmi Mittal and vaccine maker Adar Poonawalla have bought a majority stake in Indian Premier League cricket team the Rajasthan Royals for about $1.65bn Presenter: Bisi AdebayoProducers: Niamh McDermott and Barbara George

The US President Donald Trump has announced a new hike on cars and trucks imported from the European Union, accusing the EU of not adhering to their trade deal. In the meantime, Beijing has announced that fifty-three African states will be enjoying trade-free trade with China - all except one, the small land-locked state Eswatini, as it recognises Taiwan. And in France there is confusion over a new law allowing bakeries to stay open on the 1st of May. Picture: "U.S. President Donald Trump attends an event at The Villages Charter School at The Villages". Credit: Reuters

A third of the world's fertiliser is sourced from the Persian Gulf region. Farmers' are now predicted to produce smaller crops this year, affecting 10 billion meals a week. French car maker Renault says there's been a huge increase in interest in electric vehicles since the start of the war in the Middle East. And "slàinte mhath" or "cheers" in English! The USA is to cut import duties on scotch whisky, following the recent visit of King Charles II.

We hear how oil prices have been swinging sharply, with Brent crude briefly hitting 126 dollars a barrel as tensions in the Gulf raise concerns about supply and the wider global economy. Saudi Arabia is to stop funding the LIV Golf tour after spending billions to lure top players away from the PGA Tour. And in India, a surge in digital scams has cost victims around two and a half billion dollars, prompting the central bank to step in. (Image Credit: FILIP SINGER/EPA/Shutterstock (16852987h) A display shows fuel prices in euro at a petrol station in Berlin, Germany, 30 April 2026.)

The price of Brent crude hit a four year high on Thursday before falling back. Markets were reacting to comments from President Trump about maintaining Strait of Hormuz blockade.Gulf oil producers are running out of storage space for oil production, as exports remain restricted.And Saudi Arabia is pulling its funding of the LIV golf tour, after investing around six billion dollars since 2021.

Jerome Powell says he will continue to stay on as Federal Reserve Governor, even after his chairmanship ends. We look at what this means for the future of the US central banking system. Three ships have been hijacked off the coast of Somalia in the past week. We look into concerns of maritime piracy in the area, as experts warn reduced naval patrols could be creating an opening for armed groups. And we go to India where we hear how the glass industry has been suffering due to the war between the US, Israel, and Iran.(Image credit: Jerome Powell, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Photographer: Daniel Heuer / Bloomberg via Getty Images)

Oil prices have jumped despite the UAE exit from the OPEC groups of oil producing countries - we'll be looking at why. And more pressure is pilling on social media as a report finds Meta is in breach of EU law for failing to stop under 13 from using Facebook and Instagram. Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Justin Bones

The United Arab Emirates is leaving OPEC and OPEC+ after nearly 60 years of membership, we find out what triggered them to leave. In the US, we hear what is being said in the major court battle between Elon Musk and ChatGPT founder Sam Altman. And we ask if lab-grown diamonds are better for the environment.[Picture: An oil drum with featuring the logo of the Organization of the Petroleum Exporting Countries (OPEC). Photo credit: Andrey Rudakov/Bloomberg via Getty Images.]

The United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years.As people continue to feel the pain at the pumps, energy giant BP has announced massive profits - meanwhile oil prices continue to climb.And with the World Cup just weeks away there's a race to finish Mexico City's airport and stadium before kick off.

Diamond mines across Sierra Leone are closing, deepening economic uncertainty and raising fears of further conflict. Our presenter Ed Butler travels to the country’s mining region to uncover what’s behind the shutdowns.In the US, a court case is underway between the world’s richest man, Elon Musk, and the head of OpenAI, Sam Altman.And amid ongoing LNG export uncertainty, could coal be on the rise again? We find out what this means for countries in Asia and a mining community in America.

Airline's could start going bankrupt the boss of one aviation company tells World Business Express. And why two tech titans are heading to the courts in California. Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Justin Bones

US consumers are feeling less confident about their economy than at any other time. We hear from researchers and businesses about why war in the Middle East is making households fearful of the cost of living and rising energy prices. And, we hear from one of the bosses of electric vehicle giant BYD about how its performing amid the global shift away from fossil fuels. Also, how table-top board game Warhammer is riding the zeitgeist to win new fans.

The Bank of England expects stock markets around the world to fall as share prices are not reflecting the many risks facing the world economy, so says the Bank of England Deputy Governor and head of financial stability Sarah Breeden. It is unusual for a senior figure at the Bank to be so forthright on market movements. Breeden, who is also the Bank's head of financial stability, declined to say when she expected markets to fall or by how much, but pointed to a number of factors that markets seemed complacent about. The Chinese artificial intelligence company, DeepSeek, has released a preview version of its long-awaited new model, allowing users to test its capabilities and features. DeepSeek introduced its first open source model last year, causing turmoil in western tech markets because of its matching capabilities with American rivals and low cost. The firm says its V3 model achieves strong performance against others. And one of the world’s biggest car shows has been showcasing the very latest electric car

Shareholders of Warner Brothers Discovery have approved its sale to media conglomerate Paramount Skydance, with the merger valued at $110 billion. Rahul Tandon looks at what the deal could mean for competition, content and consumers.Also, BP suffers a shareholder rebellion over climate reporting.And Meta announces plans to cut around 10% of its workforce.(Picture: The studio lot at Warner Bros. Studios is seen in Los Angeles, California, USA, 23 April 2026. Credit: CHRIS TORRES/EPA/Shutterstock)