EU plans to retaliate against US steel and aluminium tariffs
World Business Report
by BBC World Service
15h ago
Meanwhile, European Commission President Ursula von der Leyen said, "Unjustified tariffs on the EU will not go unanswered". We get reaction from the European Steel Association. The UK and US have not signed an international agreement on artificial intelligence (A.I.) at a global summit in Paris; meanwhile, Sam Altman, the CEO of OpenAI, has rebuffed a $97.4bn bid to take over the firm from a consortium of investors led by Elon Musk. And Will Bain hears whether oil giants are scaling back from renewable projects, as BP says it will "fundamentally reset" its strategy as profits dropped sharply l ..read more
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Musk bids to purchase Open AI
World Business Report
by BBC World Service
1d ago
Elon Musk has bid to purchase the non profit tech firm, Open AI President Donald Trump says he's going to impose a 25% import tax on imports of steel and aluminium from abroad And is the US falling out of love with fast food? McDonald’s sales have declined, we find out why ..read more
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Trump to impose 25% tariffs on steel and aluminium
World Business Report
by BBC World Service
1d ago
US President Donald Trump says he will impose 25% tariffs on all steel and aluminium imports on Monday—a move that will have the biggest impact on Canada. Is tech failure at a multinational corporation and putting customers offline for a few hours worse than a cyberattack at a small company in one city? We hear about major disruptions to IT systems and how difficult it is to assess the most damage. The US Treasury Secretary, Scott Bessent, has been told to stop minting one-cent coins, or pennies, by US President Donald Trump in an announcement on social media. So, is this the end of the one-ce ..read more
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Japan's Prime Minister visits Donald Trump
World Business Report
by BBC World Service
4d ago
President Trump says the US will export record volumes of liquified natural gas to Japan. And USAID should be closed down, according to Trump. Also on the programme today, the British government has demanded that Apple provide its security agencies with backdoor access to encrypted data stored by users across the world. And now that the wildfires around Los Angeles have been contained, how will the region recover and rebuild? The latest business and finance news from around the world, on the BBC ..read more
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Japan's leader is meeting President Trump
World Business Report
by BBC World Service
4d ago
U.S. President Donald Trump hosts the Japanese Prime Minister Shigeru Ishiba for the first time, as the two allies work to boost business and security ties. But, given Japan runs a trade defecit with America - can the two stay on friendly economic terms? We hear from one business owner who certainly hopes so... Also on the programme today we'll be live at a major meeting of those looking to mine critical minerals in Africa. And it's Super Bowl Sunday in the United States this weekend and that means a lot of people watching television adverts which cost companies million dollars. Despite their ..read more
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South Africa's president addresses the nation as the economy struggles
World Business Report
by BBC World Service
5d ago
South Africa's President Cyril Ramaphosa is expected to deliver his first State of the Nation address since last year's elections, focusing on development and driving economic growth, job creation, and development. Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production. And Sam Fenwick also hears about more than 100 farmers in County Kerry in southwest Ireland, who are set to become millionaires after their dairy cooperative agreed to sell its shares to the Kerry Group, one of Ireland's biggest food producers ..read more
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Tariff wars: What can the World Trade Organisation do?
World Business Report
by BBC World Service
6d ago
China complains to the World Trade Organisation about Donald Trump's tariffs, but with no active judging panel, what can the WTO do? Roger Hearing discusses why the US Postal Service has U-turned after refusing to handle any parcels from China and Hong Kong, as well as the growing trade war between the World's two leading economies. Elsewhere, the issue of de-banking has been debated in the US Congress, so are financial institutions discriminating against certain groups or industries? And a man from Indonesia has been hired as Japan's first-ever foreign bus driver. Does this show the Japanese ..read more
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Spain: EU remains “key player” in transatlantic trade
World Business Report
by BBC World Service
6d ago
Economy and trade minister Carlos Cuerpo outlines the strong trade ties between Madrid and Beijing, with Spain importing large volumes of trucks, cars, vans and spare parts from China. After the United States, China is the European Union’s second-biggest trading partner. Why has the US Postal Service changed its mind and is now accepting all packages from China and Hong Kong? And Honda’s share price rises on reports a merger with Nissan may be called off ..read more
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China hits back - the latest in the trade war
World Business Report
by BBC World Service
1w ago
The US China tariffs are still on, even if Donald Trump pressed pause on the ones on Mexico and Canada. A call had been expected between President Trump and his Chinese counterpart... but it hasn't happened - and the US president says he's in no hurry. So, it's 10% on China's imports to the US and China has put on its own 10% on US goods and curbing exports of rare earth metals. We'll bring you the latest in the trade war. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you ..read more
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Estonia's Defence Minister calls for greater NATO spending
World Business Report
by BBC World Service
1w ago
Estonia's Defence Minister Hanno Pevkur tells Will Bain that more countries should up their military spending to five per cent of GDP, in an effort to combat Russian aggression. It follows US President Donald Trump's assertion that too many members of the NATO military alliance rely on America's military might and spending. China announces retaliatory tariffs against the US after President Trump imposed a ten per cent tax on all Chinese imports. The counter-measures includes tax on coal, gas, oil and cars. Plus we hear about why Germans take more sick leave than most - and hear about a iconic ..read more
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