Business Matters

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Synopsis

Global business news, with live guests and contributions from Asia and the USA.

Episodes

  • Will Trumpcare Pass Muster in Congress?

    08/03/2017 Duration: 55min

    The Democrats hated it before it even happened and now many Republicans have distanced themselves from the US President's proposals for an Obamacare replacement. So is Trumpcare already dead in the water? We speak to Professor John McDonough of Harvard University's Department of Health Policy & Management - who worked in the Senate on the passage of the Affordable Care Act. The US Department of Justice has fined the Chinese telecoms maker ZTE nearly $1.2 billion for selling banned American-made equipment to Iran and North Korea. We get analysis from Shawn Donnan, World Trade Editor of the Financial Times in Washington DC. The shipping industry is predominantly male and women who manage to get in complain of institutional harassment and sexism. Eldine Chilembo Gless, a One Young World Ambassador from Angola in south-west Africa outlines the extent of the problem. We cast the net a little wider to draw in some of the business headlines from elsewhere in the world and we cross to Sydney and the BBC's Ph

  • Trump Signs New Travel Ban Directive

    07/03/2017 Duration: 55min

    President Trump has issued an executive order putting in place a new travel ban. Is it legally watertight this time? We hear from Ambassador Norman Eisen who was senior counsel to President Obama and David Rivkin, a lawyer who served under Presidents Reagan and George Bush senior. The centre-right in France keeps Francois Fillon as its presidential candidate, despite falling poll ratings and a legal investigation into his financial arrangements; we get analysis from the BBC's Hugh Schofield in Paris. The BBC's Sharanjit Leyl finds out how to make an amazing party in Singapore. We cross over to Kolkata where Rahul Tandon tells us about Asia's biggest business stories. One of the advantages of working in radio is that the dress codes aren't too rigid but in some jobs it's a very different situation. Our well-dressed regular commentator Lucy Kellaway of the Financial Times has been musing on corporate dress. And we're joined throughout the programme by two guests on opposite sides of the Pacific;

  • President Trump prepares to address Congress for the first time

    01/03/2017 Duration: 49min

    With President Donald Trump less than an hour away from addressing Congress for the first time, we preview what he's likely to say and how he's been performing in The White House so far. Three months on from India's surprise decision to remove high-valued banknotes from circulation, we examine how the economy has been affected with British economist Roger Bootle. Despite frequent reports that 'Milennials' are finding it difficult to get onto the housing ladder, a report from HSBC suggests that home ownership may not be all that out of reach for young adults in the 21st century. The survey of 9000 people in nine countries indicates that 40 per cent own their own home and 83 per cent of those that don't are planning on buying in the next five years. Should stars of stage and screen get involved in politics, or is it best left to the professionals? Following the Hollywood awards season, where many a political viewpoint emerged among the acceptance speeches, we ask whether celebrities have a part to play

  • Trump plans to hike military spending by 10%

    28/02/2017 Duration: 55min

    Donald Trump plans to radically change government spending, increasing the defence budget by 10% paid for by slashing domestic programmes and foreign aid. We hear from Sharon Parrot of the independent Center on Budget and Policy Priorities in Washington DC. After the Oscars 2017 'Best Picture' mix up, we discuss how the accountants at PWC managed to mess the winners up with Erich Schwartzel, film industry reporter at The Wall Street Journal. We hear from the BBC's Yogita Limaye on how the withdrawal of high value rupee notes has hit agriculture and industry in India hard and Lucy Kellaway of the Financial Times gives us a masterclass in the art of persuasion. All this and more discussed with our guests throughout the show Ralph Silva in Toronto in Canada and Daisy Guo in Shanghai in China and Rahul Tandon in Kolkata. (Photo: US Military Parade. Credit: Getty Images.)

  • Greek Debt Drama Returns

    08/02/2017 Duration: 55min

    Greece's debt crisis burst back on to the economic and political agenda today following an extraordinary row at the top of the International Monetary Fund, the body overseeing the Greek government's bailout programme. In simple terms some of the IMF's board members think Greece's debt is "unsustainable", so some of it may need to be written off, whilst others passionately disagree. We'll have reaction from Athens from economist Dr Michael Arghyrou and journalist Katerina Btazak. The pledge to build a wall along the US-Mexican border was a key election promise from President Trump. The BBC's Hugh Sykes reports from the southern US state of Arizona on what businesses and politicians along the border make of the plans. It might sound something of an oxymoron - car companies looking to develop something other than cars - but that's apparently exactly what some of the biggest players in the industry are doing. Mark Garrison from the US business radio programme Marketplace explains all. The BBC's

  • Tech Giants Turn on Trump

    07/02/2017 Duration: 55min

    More than 100 US tech firms, including some of the industry's biggest players, have filed a legal document stating that President Trump's immigration ban affects their operations and "inflicts significant harm" on business. Journalist Alison Van Diggelen will bring us views and reaction from Silicon Valley. The BBC's Daniel Gallas takes us through a significant meeting in South America, as the President of Argentina Maurico Macri, travels to talk cross-border trade with his Brazilian counterpart Michel Temer. From big tech companies, to smaller, more local ones now - we'll hear about the big ambitions for local social networking site Streetlife, from its founder Matt Boyes. The BBC's Fergus Nicoll will be joined throughout the programme from San Francisco, by the journalist Alison Van Diggelen and from Kolkata by the BBC's Rahul Tandon. PICTURE: Leading tech CEOs, including Apple's Tim Cook meet with President Trump in New York prior to his inauguration. (Photo by Drew Angerer/Getty Images)

  • Business Backlash to Trump Travel Ban

    31/01/2017 Duration: 55min

    Some of the most powerful business leaders in America have been among those to criticize President Donald Trump's plans to ban travel from seven mainly Muslim countries. In particular the bosses of some of the country's biggest tech firms have been quick to call on the President to think again. We'll hear from the billionaire chief executive of the cloud software firm, Stripe, Patrick Collison. We'll also hear diplomatic reaction, from a former US ambassador and government adviser Norman Eisen, and hear from Dr Betsy McCaughey, Republican Lieutenant Governor of New York State in the 1990s and an economic adviser to Mr Trump while he was the President-Elect. With almost daily stories about robots taking over everything from driving our cars, to our day to day jobs, are we all getting a bit hysterical about the prospect of artificial intelligence taking over our lives? Dr Chris Brauer from Goldsmiths University in London thinks so, and he'll tell us why. Throughout the hour the BBC's Rob Young will

  • As Obama Waves Goodbye, Confirmation of Team Trump Begins

    11/01/2017 Duration: 55min

    In ten days, President Obama will leave the White House. But as the current President gives his farewell speech in his home town of Chicago, key players from the team assembled by the man set to replace Mr Obama in just over a week, President elect Donald Trump, are being confirmed to their cabinet posts in Washington. And many eyes will be on Mr Trump;s pick as Secretary of State, the former oil boss, Ex ExxonMobil chief executive Rex Tillerson. Jordan Fabian, White House Correspondent for The Hill tells us why. A lack of investment spending in emerging markets is strangling economic growth in those countries. That's the warning from the World Bank in its annual global forecast. The report's lead author, Franziska Ohnsorge, talks to us about that, China, and trying to get a read on the Trump administration. It's the swankiest week of schmoozing and high powered financial dealing of the year, and all against the backdrop of the snowy Swiss Alps. But why is the World Economic Forum in Davos such

  • VW chiefs 'hushed up emission cheating'

    10/01/2017 Duration: 55min

    The ongoing fall-out from the Volkswagen emissions scandal took another twist in the US today as court papers revealed VW executives knew about emissions cheating two months before the scandal broke. It follows the arrest at the weekend of Oliver Schmidt, who was in charge of VW's US environmental regulatory compliance office from 2012 until March 2015. He was arrested on Saturday on charges that he took part in a conspiracy to defraud the US and VW customers. The company has said it can't comment on an ongoing legal matter, but what might the latest details mean for VW in the United States? Professor John Coffee of Columbia Law School joins us. It's been divided for more than 40 years, but could the European island of Cyprus soon become a reunified, single state once again? We'll hear views from both the north and the south, and assess the chances of success with Christiana Erotokritou, parliamentary spokeswoman for the Democratic Party in the Republic of Cyprus. How far is too far when it comes

  • Russia Hacking Claims:Trump Says No Effect on Election

    07/01/2017 Duration: 55min

    A US intelligence report says that the Russian president Vladimir Putin "ordered" a hacking campaign to help Donald Trump win the presidential election. The unclassified and cut-down version of the report was released shortly after Mr Trump was briefed by intelligence chiefs. John Bussey, Associate Editor of the Wall Street Journal in New York considers whether the President - elect is convinced about the hacking incidents. In the aftermath of Britain's vote to leave the European Union, the organisation is facing criticism that it's failed to sell a convincing vision for the future. Despite this, Serbia want to join the EU.. Under the leadership of Prime Minister Alexander Vucic, the country has undergone a major privatisation campaign - and is recording consistent GDP growth of nearly 3 percent. Vladimir Krujl is Serbia's Chief Economist for EU Accession - and when he came into the Business Matters studio Fergus Nicholl asked him why Belgrade is still hoping to join the EU. A free co-working movement l

  • Chicago Facebook 'Torture' Video: Should there be more safeguards?

    06/01/2017 Duration: 55min

    Several disturbing incidents have been streamed on Facebook Live, including one of a mentally disabled man being severely assaulted. Business Matters asks, whether with other sites like Periscope too, live broadcasting is now open to all - so is this a welcome expansion of free speech or a risky way of giving a vast audience to extremists and criminals? Jon Fingas, associate editor at Engadget comments. The farming community in Britain receive more than three and a half billion dollars a year from Brussels. But this will change when Britain leaves the European Union. Brexit is the theme for two farming conferences taking place at the moment. The BBC's Caz Graham got the views of some young farmers there about the uncertainty of what Brexit will mean for them. Roger Hearing is joined by Jason Abbruzzese, a Business Reporter at Mashable in New York, and Rosie Blau, China correspondent for the Economist in Beijing for comment throughout the programme. Photo Credit: JUSTIN TALLIS/AFP/Getty Images

  • What Will the World Make of New US Secretary of State Rex Tillerson?

    14/12/2016 Duration: 55min

    As President-elect Donald Trump confirms the Chief Executive of Exxon Mobil, Rex Tillerson, as his choice for US secretary of state and the former Texas Gov. Rick Perry to lead the Energy Department, we look at the implications of the appointments, for both the United States and the rest of the world. Professor James Goldgeier is Dean of the School of International Service at American University in Washington DC and gave us his thoughts. Also in the programme, the BBC's Coletta Smith reports from Reykjavik, Iceland, on the country's place at the head of a global league table for gender equality. Plus we hear from Bill Gates who has just launched his latest start-up - a billion-dollar project to turn good clean energy ideas into successful money-making schemes. It's called Breakthrough Energy Ventures - and he talked about it with David Brancaccio of Marketplace on American Public Radio. As US debt approaches the $20trillion mark within weeks, possibly days, of Donald Trump's arrival in the White Ho

  • Palm Oil Producers Battle Environmentalists

    13/12/2016 Duration: 55min

    The big Palm Oil company Olam has been accused of using suppliers that may use unsustainable practices in parts of Southeast Asia and West Africa. The claims against the agricultural commodities trader were made in a report by a US-based environmental lobby group called Mighty Earth. The Singaporean company that has a majority share in Olam, called Temasek, insists that it's always been in support of ethical land clearance practices - and Olam itself has vehemently rejected the allegations. Glenn Hurowitz of Mighty Earth spoke to us from Washington DC. The Cuban government has signed a deal with Google's parent company - allowing the internet giant to provide faster access to its data by installing servers on the island that will store much of the company's most popular content. A little while earlier, another agreement was being signed between Cuba and the European Union - covering issues such as trade, human rights and migration. Will Grant is our Havana Correspondent - more from him on the Google deal.

  • Obama Orders Review of Attempts to Hack US Election

    10/12/2016 Duration: 55min

    The Obama White House hasn't always had the easiest of relationships with the Kremlin during his eight-year tenure, and it doesn't look like it's about to get any cosier. And that's because President Obama has ordered US intelligence agencies to investigate all cyber attacks and alleged foreign interventions in US presidential elections - and he wants the results on his desk before he leaves the White House on January twentieth. It was of course alleged during the campaign that Russia was amongst those states looking to interfere in the election. Hannah Kuchler who covers cyber security for the Financial Times in San Francisco explains more. It's a country the size of a continent, but the potential sale of private land of more than 1 per cent of the Australian landmass has caused controversy. We'll hear why the purchase of the Kidman estate is causing such concern from Danny Samson live in Melbourne. Plus, the Malaysian delegation shopping in London for data-savvy professionals to boost its growing te

  • Corruption in Kenya: A Special Report

    09/12/2016 Duration: 55min

    With the presidential election looming in the key East African economy of Kenya, the issue of corruption looks to be high on the political agenda. It was of course a key cornerstone of Donald Trump's US presidential election campaign, where he pledged to "drain the swamp" and rid Washington of corruption, so how bigger factor could it be in Kenya's presidential race? Vivienne Nunis reports from Nairobi. It's been described as the World's "forgotten war," yet the bloodshed in Yemen shows no signs of ceasing. Our security correspondent Frank Gardner reports from the Saudi Yemen border. Chief executive pay - it's a topic which regularly sees temperatures run high, and governments scratch their heads about how to control the gap between the highest and lowest earners. But now the US city of Portland in Oregon thinks it might have come up with an answer. The New York Times' Gretchen Morgenson tells us about the city's controversial new tax. The former British Prime Minister David Cameron says it cost

  • Italy prepares to go to the polls

    03/12/2016 Duration: 55min

    Millions of Italians go to the polls on Sunday to vote on whether their constitution should be reformed. Lorenzo Codogno, former chief economist and director general at the Treasury Department at the Italian Ministry of Economy and Finance discusses whether the Prime Minister might be on the way out. The BBC's Guy Hedgecoe in Madrid reports on the pollution problem in Spain, and the decisions by the Mayors of Paris, Mexico City, Madrid and Athens to ban the use of all diesel-powered cars and trucks within a decade to improve poor air quality. As Barbados celebrates 50 years of independence, we ask Guy Hewitt, the High Commissioner for Barbados in the UK, why the country still retains free education and healthcare systems, in a difficult economic environment. The fashion and fragrance company Chanel warns that a planned high-speed train through the centre of France's perfume-making region will threaten production of its iconic product - Chanel No 5. Elizabeth Musmanno, President of The Fragrance Foun

  • Donald Trump Begins Victory Tour Around the US

    02/12/2016 Duration: 55min

    President- elect Donald Trump has begun a victory tour of US starting in the state of Indiana where he's taken credit for stopping a thousand jobs at an air conditioning firm Carrier from going to Mexico. Can Mr Trump live up to his campaign pledges - and does it matter? We asked economist Irwin Stelzer at the Hudson Institute. Food giant Nestle claims is claiming a breakthrough that will cut the sugar in its chocolate by 40 per cent. The company suggests it can scientifically 'restructure' the sugar without affecting the taste. Professor Julian Cooper, chair of the Scientific Committee at the UK Institute of Food Science and Technology, explains the implications. About 10 million turkeys are consumed in the UK over the festive season. Rearing the birds however isn't as easy as you might think with natural predators like foxes providing a constant threat. Elizabeth Hotson has been finding out about a rather novel solution to the problem. Business Matters is joined from Washington by Michael Brune,

  • Crunch Time for Opec

    30/11/2016 Duration: 55min

    On Wednesday morning in Vienna OPEC is holding a meeting, aimed at halting the biggest decline in oil prices for a generation. Back in September, the Organization of Petroleum Exporting Countries reached a tentative agreement to restrict output - but they still haven't hammered out individual output targets for each nation. We spoke to Amrita Sen of Energy Aspects about the biggest and most influential producer - Saudi Arabia. The old certainties about politics in America have been turned on their heads, including the twin beliefs that organised labour delivers votes for the Democratic Party candidate, while evangelicals deliver votes for the GOP. This time round things were less cut and dried, as Mitchell Hartman of Marketplace reports. Lithium - or white petrol as it's becoming known - is a hot commodity. Demand for the metal could triple in the next ten years - driven particularly by a rise in demand for batteries in products like smartphones, laptops and electric cars. On Tuesday a group of leading

  • No Charges for Hilary Clinton - FBI

    06/07/2016 Duration: 57min

    Reckless, careless, even irresponsible, but not criminal. That is the judgment from the FBI on former US Secretary of State Hillary Clinton - the presumptive nominee of the Democratic Party for president - over her use of a private email server for highly confidential government material. Still, not exactly labels that any politician is going to wear with much pride. Will voters change their views? Mrs Clinton's Republican Party rivals have been flogging the email issue for months and going by Donald Trump's Twitter feed that is not going to change any time soon. Following Britain's vote to leave the European Union, the internal Conservative Party process to replace David Cameron as prime minister has whittled five candidates down to three. The second round comes on Thursday. Also, the Governor of the Bank of England, Mark Carney, used his third public speech in less than a fortnight to say that many of the predicted consequences of Britain's departure from the EU are already starting to happen, Still, he

  • Italian Brexit Banking Woes

    05/07/2016 Duration: 55min

    Britain's vote to leave the European Union has caused damage to banks and to the wider economy in Italy. Growth forecasts there have been more pessimistic since June 23rd, and investors fear there'll be more defaults on loans. Italian banks are already sitting on a big pile of bad debt - but on Monday the world's oldest bank, Banca Monte dei Paschi di Siena, saw its share price fall to an all time low after the European Central Bank said it had to cut back on the risky loans it holds. Professor Enrico Colombotto of the University of Turin described the scale of the problem faced by Italian banks. The Australian Electoral Commission has begun counting millions of postal and absentee votes today with the election still too close to call. Phil Mercer is watching the long-drawn-out process. The US space agency NASA is no stranger to dramatic count-downs, but right now early on Tuesday they are really holding their breaths. NASA's solar-powered Juno spacecraft is about to reach Jupiter after an almost five-

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