World Business Report

We take a look at some of the costs that will come from the accident, like the reconstruction of the bridge and compensation for the victim's relatives -and who will likely have to pay for them. The Swedish fashion brand H&M has said it had to delay its spring collection due to the disruption caused by the Red Sea crisis. We take a look at the details. Africa's debt has increased sharply in recent years. Now, delegates have gathered at a conference in Accra, Ghana, to find solutions. We talk to one of them. And a Chinese company has bought access to the technology developed by a Slovakian firm to build a flying car. We get the latest from our correspondent.

Rahul Tandon examines the economic impact of the crash in a busy shipping lane in Baltimore. We also hear how much it might cost to repair. Shares in Donald Trump's media company have soared by more than 55 per cent, after it began trading on the Nasdaq stock market. Truth Social raised money through a shell company called a SPAC before being listed.We hear how the tiny Pacific island nation of Palau is trying to boost tourism. During Covid, that industry was decimated, and the country's lost around a fifth of its GDP.

The big event of 2021 that will shape economies all over the world for decades to come was the COP 26 climate conference in Glasgow in November. The meeting saw a deluge of promises, but what was actually achieved? Martin Webber speaks to Tim Gould, chief energy economist at the International Energy Agency and economist Irwin Stelzer, from the Hudson Institute in the United States. It was another boom year for the pharmaceutical industry as it crafted the vaccines that have saved so many lives. Of the 8 billion coronavirus vaccinations worldwide, one billion have been delivered by the US logistics company, UPS. We hear from Wes Wealer, President of UPS healthcare. And small business owners have had a bleak time for much of the past year. But many of those that have survived now feel optimistic. We hear from the owner of the Aroma speciality coffee shop in Bologna in Italy, Cristina Caroli, about her year.

Covid-19 is set to prompt radical long term changes to how we live and work, so what lessons can be learnt when we eventually emerge from the pandemic? Could the changes in the way we work herald higher productivity and happier people in the future? We hear the stories of the people who managed to thrive during a very difficult year, including the milkman who saw a boom in deliveries and the dancer who found work in South Korea when the London stage went dark. Martin Webber is joined by Professor Devi Sridhar who holds the Chair of Global Public Health at the University of Edinburgh; economist Roger Bootle, of Capital Economics; Robert Reich, former Labour Secretary under President Clinton; Tomas Philipson, who was Chair of the Council of Economic Advisors under Mr Trump; and actor Thomas Inge who is currentl starring in the musical Cats in South Korea.