Venezuela's Election: Democracy on Trial Amid Economic Turmoil
World Business Report
by BBC World Service
1h ago
Venezuelans head to the polls amid growing concerns about election fairness and economic instability. Long: : Venezuelans head to the polls this Sunday for a presidential election fraught with concerns over fairness and transparency, against a backdrop of prolonged political and economic turmoil. The Paris Olympics are set to dazzle with a grand opening ceremony, despite earlier arson attacks on the train network raising security issues. The games are anticipated to inject 5 to 10 billion euros into the French economy. Plus Argentina’s strong peso is creating a unique economic challenge: infla ..read more
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Will the Olympic Games provide a financial fillip to France?
World Business Report
by BBC World Service
1h ago
In this special edition of World Business Report on the day of the opening ceremony in Paris, we're on the banks of the Seine where the event takes place, and hear from businesses who say that the security lockdown in the area has hit their trade badly. Will Bain also goes behind the scenes of what it takes to run a team involved in the Olympics. Each country has a Team Leader or Ambassador - or in Olympics terminology they're called Chef de Mission. we hear from Anindya Bakrie who has this role looking after the Indonesian team - he is CEO of Bakrie and Brothers, one of the country’s biggest ..read more
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US economy grows at speed
World Business Report
by BBC World Service
14h ago
The US has reported a growth rate of 2.8% so is it enough to signal the end of fears about a recession? Roger Hearing speaks to Bonnie Wilson, Associate Professor, Department of Economics at Saint Louis University. Also find out why Donald Trump takes centre stage at this years Bitcoin conference. We find out why Mr Trump wasn’t always the staunch crypto supporter he is today. And, Venezuela’s presidential election takes place this Sunday, with a unified opposition hoping to remove President Nicolas Maduro from power. Catherine Ellis reports from the town of Barquisimeto ..read more
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China and the Taliban come together to mine copper in Afghanistan
World Business Report
by BBC World Service
2d ago
China begins mining copper in Afghanistan following a deal made years before the Taliban takeover in 2021. What could it mean for the Afghan people and for future investors? Plus, a UK cosmetic surgery firm drops its legal actions against former clients who criticised it in online reviews. And Salt Lake City celebrates getting the Winter Olympics in 2034 ..read more
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Global aviation flies high at Farnborough
World Business Report
by BBC World Service
2d ago
Presenter Will Bain examines the ongoing turbulence in supply chains and the under-the-radar aviation deals at Farnborough in the south of England, where the biggest names in global aviation are convening for its renowned air show. We'll also delve into the continuing fallout from the global IT outage, focusing on what’s next for the company at the centre of it, CrowdStrike. Plus, we explore why luxury goods stocks are selling off, as shares in one of the industry’s biggest names, LVMH, take a hit ..read more
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India budget focuses on creating jobs
World Business Report
by BBC World Service
2d ago
Presenter Devina Gupta examines India’s first budget for the new coalition government led by Narendra Modi. There are plans to grow the economy by creating jobs and attracting new investment from abroad. We are in Bangladesh to hear from an internet service provider about how he is trying to keep services going for businesses after protests turned violent in the country. And we hear how one of the main airlines in the US, Delta is struggling to get its operation back to normal after last week's IT outage. Cybersecurity firm Crowdstrike triggered the chaos with its faulty computer update ..read more
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Donors back Kamala Harris in bid to become President
World Business Report
by BBC World Service
2d ago
Presenter Devina Gupta speaks to a former campaign manager for Kamala Harris Jill Habig about the challenges that lie ahead for her in a bid to become US President. We hear how she is continuing to secure funds. We also examines India's newly elected government’s first budget. How will it play out given Narendra Modi’s poor showing in the polls and reliance on coalition partners? We also assess how the Chinese economy will fare after The People's Bank of China decided to cut short-term rates. Its hoped this will reduce borrowing costs and help businesses ..read more
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Fundraising surge as Biden quits race
World Business Report
by BBC World Service
2d ago
Donations to President Joe Biden's party saw a huge spike after he announced he was no longer running in the US election. Donors had pressured Mr Biden to step aside. But his departure from the candidacy leaves a number of questions - particularly when it comes to the vast sums of money required to secure a term in the White House. Also on the programme, Will Bain looks ahead to one of the aviation world's biggest events ..read more
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World IT outage: some cashpoints affected and flight cancellations top 5,000
World Business Report
by BBC World Service
1w ago
This Friday was one of the least easiest for many people across the globe. A raft of global institutions - including hospitals, major banks, media outlets and airlines - have reported a mass IT outage, affecting their ability to offer services. Delays are still ongoing at many of the major world airports after thousands of flights were cancelled. Devina Gupta finds out how can anyone be prepared for anything like this? And who is going to pay for this IT disaster ..read more
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Bangladesh protests expand beyond student movement
World Business Report
by BBC World Service
1w ago
Protests in Kenya and Bangladesh which were ignited by high prices and increasing job insecurity have evolved into political movements. In both countries, people are challenging the role of their elected leaders. Sam Fenwick explores if fragile economies influenced the demonstrations. Also, Ursula von der Leyen has won a second term as European Commission President, pledging great prosperity for EU citizens ..read more
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