
Business Daily
2,058 episodes — Page 23 of 42
Business Weekly
On Business Weekly this week, we look at the efforts being made to reduce the carbon footprints of mining companies. One of the largest iron ore producers, Fortescue Metals, is looking to reduce its carbon emissions and has snapped up the technology research arm of the Williams Formula One team to help them do it. Plus, we examine the continuing war on drugs and how the Mexican cartels have been taking advantage of the pandemic restrictions in the United States. Also, we ask if having one or two wealthy owners is the best route to a winning strategy for football clubs. We review the deal that the Australian government struck to buy the licence for the Aboriginal flag – now that the image is free to use, is that the end of the matter? And Bob Dylan is, once again, selling off his assets – this time, his back catalogue is going to Sony Music for an estimated $200m. Business Weekly is presented by Matthew Davies and produced by Philippa Goodrich.
The cooling conundrum
Global warming means the world will need a lot more air conditioning - but will the AC just make global warming even worse?The Middle East already experiences peak temperatures over 50C, as the Kuwaiti social media influencer Ascia Alshammiri testifies. And things are only set to get worse. Ed Butler speaks to climatologist George Zittis, who says urban temperatures could hit 60C later this century, which combined with rising humidity could render some places uninhabitable.In any case, it means a boom for the air conditioning industry. But AC itself is a major source of greenhouse gases, as Radhika Lalit of clean energy think tank RMI explains. So are there tech solutions available to break this vicious circle? We hear from two entrepreneurs - Kevin O'Toole of Exergyn, and Aaswath Raman of SkyCool Systems.(Picture: Congested air conditioning units on a building in Mumbai, India; Credit: Kuni Takahashi/Getty Images)
Funding public service broadcasting
The British Government says the BBC license fee, paid by millions of households, to finance its global broadcasting service, will be frozen for two years and wants a debate about future funding. So what are the options for the Corporation? Rob Young explores the way public service broadcasters are funded around the world and talks to Ismo Silvo, the Deputy Chief Executive of the Finnish public broadcaster YLE and Chris Turpin, NPR's Chief of Staff. We get some analysis of the advantages and limitations of each model and discuss the impact on other broadcasters with Steve Barnett, Professor of Communications at the University of Westminster and Gill Hind from Enders Analysis. (Image: BBC Studio, Credit: BBC)
Who should own a football club?
It’s no surprise to anyone that money talks in English football but lately it seems louder than ever. Hollywood stars Ryan Reynolds and Rob McElhenney recently bought a club in the English lower leagues, while the Saudi Arabian Public Investment Fund completed a controversial takeover of Newcastle United. Meanwhile, a founding club of the Premier League, Oldham Athletic, faces relegation into the non-league game after years of mismanagement. Vivienne Nunis asks, is private ownership the best way to run football clubs or is it time for a rethink? Wrexham fan Gareth Davies, Tom Hocking of When Saturday Comes magazine and Maggie Murphy, CEO of Lewes Football Club, join in the discussion. (Image: Wrexham FC owner, the actor Ryan Reynolds, attends a red carpet premiere in LA. Credit: Getty)
Who's winning the war on drugs?
Mexico's cartels are thriving, and finding innovative ways to smuggle drugs across the border into the US, despite law enforcement and the pandemic.Ed Butler speaks to Dr Irene Mia of the International Institute for Strategic Studies, who says the closing of borders due to Covid has provided the cartels with a surprising shot in the arm, as they have proved far more adept at keeping their product flowing than many other legitimate international export businesses. Speedboats, tunnels, even catapults have been deployed to get methamphetamine and fentanyl into the US.And that's not all. The cartels have diversified, into people smuggling, wildcat mining and crude oil theft among other things, according to the Mexico-based author and journalist Ioan Grillo. And they aren't the only ones. In Brazil, a narcotics gang called First Capital Command has become so powerful that they have effectively replaced the government in some parts of the country, according to Marcos Alan Ferreira of the Federal University of Paraiba.(Picture: Mexican Federal Police officers patrol Iguala, Guerrero state, Mexico; Credit: Yuri Cortez/AFP via Getty Images)
The beauty tweakments industry
Demand for beauty tweakments - small changes to your appearance – as opposed to full on face changing plastic surgery, is soaring. Hours spent on video conferencing has forced people to constantly scrutinise their appearance, so what exactly are people having done and how much does it all cost? Elizabeth Hotson speaks to tweakments fan, Eddie Wunderlich, a personal trainer and stylist at the Dop Dop salon in New York and we hear about the importance of appearance at work from Dr Stefanie K. Johnson, an associate professor at the University of Colorado Boulder’s Leeds School of Business. Dr Hazel Mycroft, a senior lecturer in social psychology at the University of Exeter talks through the thought processes of having tweakments done and Elizabeth visits skincare guru Sarah Chapman, in her Skinesis Clinic in London to see what exactly customers want.. (Photo: LED light treatment,. Credit: Elizabeth Hotson).Presenter: Elizabeth Hotson Producer: Sarah Treanor
Business Weekly
On this edition of Business Weekly, we look at the gaming industry’s biggest deal so far, as Microsoft stumps up nearly $69bn to buy Activision Blizzard, the company behind mega-games including Call of Duty and World of Warcraft. We hear how Microsoft wants to increase its slice of the gaming sector. Mobile stock trading apps have been booming in popularity during the pandemic, opening the door to millions of new, often young, or first-time investors. For many in the finance sector it is great news, but there have been questions raised about whether people always know the amount of financial risk they are taking on. Also, we focus on China’s economy, and hear what impact the ‘zero Covid’ policy and approach has made. Plus, we stop and smell the roses of the global flower industry - and follow one supply line from Kenya to Amsterdam to find out how green the sector really is. And as the original Winnie the Pooh book falls out of US copyright, we hear what potential new adventures might be in store for the “bear of very little brain”. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
Why hair matters
To some it may sound absurd to consider hairstyles a workplace issue, but for millions of men and women with African and Afro-Caribbean hair, it is just that. For decades, some hairstyles have been discouraged at work. But things are finally starting to change. In 2021 the US Airforce changed its hair code to be more inclusive. We explore the historic racism behind hair-based discrimination and hear from the women who have united to change attitudes and laws. We speak to businesswomen, historians and those in the arts – from the UK, the US and East Africa – to find out what hair has to do with it all anyway.Presenter: Vivienne Nunis Producer: Sarah TreanorThis is a repeat of a programme first broadcast on 19 Feb 2021(Image credit: Getty)
The fight for pocket parity
How deep are your pockets? Are they big enough to carry all the things you need? Your money, keys and mobile phone? If you’re a woman, the answer is most likely a no. This little pouch has a lot to say about gender roles and a woman’s right to financial independence. We hear about the great divide in pocket designs that has existed for hundreds of years with Ariane Fennetaux, author of The Pocket: A Hidden History of Women's Lives, 1660–1900. We take a trip to London’s V&A Museum to see how pockets – or a lack of them – led to the billion-dollar handbag industry, and we hear from Indian fashion designer and founder of the Meri Pocket campaign group, Taarini Saraf on the fight for pocket justice. Presented by Vivienne Nunis. Produced by Sarah Treanor. Music used with the kind permission of: @HebontheWeb Image: A women's small jean pocket. Credit: Getty images.
Why are some Chinese embracing 'lying flat'?
“Lying flat” - or tang ping - is a trend among mainly young Chinese to opt out of the rat race and it represents the antithesis of a development model that has delivered extraordinary growth for the country over four decades. The sentiment has been widespread enough to warrant a public condemnation from the President. Xi Jinping.Ed Butler hears from "Jeff," a computer developer from Hangzhou, but working in Beijing, who explains why he decided to give up on the Chinese dream in pursuit of a better quality of life. The BBC's China specialist Kerry Allen describes how the trend has developed online and how it has been accelerated by the forced slowdown during the pandemic. And Dr Lauren Johnston, a scholar of Chinese economics with a focus on the demographic shifts, says that both the privileged and the poorer 20 and 30-somethings feel exhausted by the Chinese ultra-competitive world of work and family pressures.Producer: Ivana Davidovic(Photo: Illustration of the lying flat movement. Credit: Sina Weibo)
Has stock trading become 'gamified'?
Mobile trading apps have been booming in popularity, opening the door to millions of new, often young or first time investors. For many in the finance sector it is great news, but questions remain about whether people always know the amount of financial risk they are taking on. One criticism in particular is that some of these new platforms look, act and react more like a video game than an investment platform. Is that the essential appeal that attracts new users, or does it just obscure the risks?Rob Young speaks to the boss of one of the biggest platforms in this sector, Yoni Assia, the boss of eToro. He hears too from Vicky Bogan, professor at Cornell University’s business school, who studies the "gamification" of finance as well as Professor Erik Gordon, at the University of Michigan's Business School. And Sarah Pritchard from the UK's regulator the Financial Conduct Authority tells Rob about efforts to encourage young users to invest safely, and how protecting them is their priority.
The future of flying
The pandemic has been very hard on commercial aviation, but most experts believe the sector will soon be growing again – fast. The BBC's Theo Leggett takes a look at what new technologies are out there. Sandra Bour Schaeffer, Chief Executive of Airbus Upnext, tells him what the aviation giant is planning for the future. Neil Cloughley, from the much smaller Faradair Aerospace, makes the case for why their hybrid-electric technology is the way forward for flying. On the other hand, Blake Scholl of Boom Supersonic says that, two decades after the end of supersonic jet Concorde, it's time for airliners to break the sound barrier once again. But if we want to protect the environment, should we be flying at all? Matt Finch, UK policy director of the Brussels-based lobby group Transport and Environment, says yes - but not quite so often. (Image: the ZEROe blended wing body concept, Credit: Airbus)
Business Weekly
On this edition of Business Weekly, we’re looking at the US inflation rate. It has hit 7% year on year, the largest rise since 1982. Used car prices and food costs are shooting up. We hear from Wells Fargo Economist Sarah Watt House and Gerald Daniels, an Associate Professor of Economics at Howard University who specialises in the economics of inequality. The BBC’s Ed Butler looks at the recent protests in Kazakhstan and we have a look inside the UK trials into psychedelic drugs for patients suffering with depression. Plus, we browse the shelves of ultra rare whisky, and hear why, and how, some parts of the Scottish industry are booming. The BBC’s Elizabeth Hotson talks to both keen collectors, and dedicated producers. Business Weekly is presented by Sasha Twining and produced by Clare Williamson.
Brexit and my small business
It’s just over a year since the UK’s trading relationship with the EU fundamentally changed. So how are small businesses in Britain finding life outside the single market and customs union? The BBC's Vivienne Nunis speaks with chocolate-maker Jacques Cop of Coco Caravan and Kathleen May from the London-based independent publisher, Hurst, as well as Sally Jones, trade strategist at EY. Image: Hand drawing a red line between the UK and the rest of the European Union. Credit: Getty
Kenya's fries crisis
Why can't multinationals like KFC source their ingredients locally? A shortage of fries at KFC restaurants in Kenya has led many to call for a boycott of the chain after it transpired that the company imported all of its potatoes, despite them being abundantly grown in the country. Potatoes are Kenya's second-most consumed crop after maize, and are cultivated mostly by small-scale farmers. As Covid hits global supply chains and words like sustainability and climate gain greater importance, is it time for multinationals to start looking closer to home for their goods? Kathambi Kaaria is a climate change and sustainability advisor in Nairobi and comes from Meru, a potato growing region of Kenya. She told Tamasin Ford that when KFC arrived in the country eleven years ago she tried to supply them potatoes. Leonard Mudachi, the CEO of a Kenyan restaurant management company Branded Restaurants Africa Ltd, said he wasn’t surprised to learn that KFC imports its chips but does think that multinational companies should start scrutinizing how and where they get their produce from. John Quelch is the Dean of the Miami University Herbert Business School in the United States. He told Tamasin that the issue for a major international brand is the quality and consistency of locally sourced produce and that one mistake by one supplier can lead to a massive fallout for the companies. (A boy looks at potatoes for sale in a market in the Kibera slum in Nairobi, Kenya; Credit: Spencer Platt/Getty Images)
What's at stake in Kazakhstan?
How might the protests shake up the economy, trade and business in the Central Asian nation?Ed Butler speaks to Diana Kudaibergenova, a sociology professor at Cambridge University and herself Kazakh, about what motivated the protests, and whether the apparent ouster of former President Nursultan Nazarbayev plus a host of new economic reforms will be enough to appease the protesters.But what does all this mean for foreign business interests in the country? Kate Mallinson of Chatham House says many Western oil executives will be having sleepless nights, while Russia's President Vladimir Putin may require an economic dividend for his military help in stabilising the situation. And what of Kazakhstan's other giant neighbour, China? Raffaello Pantucci of the Royal United Services Institute says the upheaval has come at a time when many Kazakhs were questioning the seeming one-sidedness of their increasingly close economic ties.(Picture: Kazakh security officials stand guard in the aftermath of protests in Almaty; Credit: Pavel Pavlov/Anadolu Agency via Getty Images)
White privilege
Does the global economy need to start dismantling 'global white privilege'? The Black Lives matter protest movement has focussed lots of attention on racial attitudes in rich western countries. How easy is it for instance, for people of black or Asian heritage to get on the ladder to business success in those countries? But is the economics of what's now called 'white privilege' a global problem too? Ed Butler speaks to Chandran Nair, the founder and Chief Executive Officer of The Global Institute for Tomorrow, an independent think-tank in Hong Kong and the author of ‘Dismantling Global White Privilege: Equity for a Post-Western World’. And also to Lucinda Platt, from the London School of Economics, who has recently written a report for the IFS on the degree of social and economic mobility being achieved among the UK's minority racial and ethnic groups.
Healing the mind
Psychedelic therapy could provide a major breakthrough in the treatment of mental health disorders like depression, and now it's caught the attention of start-ups and venture capitalists.Laurence Knight hears from one man whose life was transformed by a single dose of the drug psilocybin - the psychoactive ingredient in magic mushrooms - after he volunteered for a research project exploring whether it could cure depression. He also visits the research team at King's College London, who have just wrapped up the latest trials of the drug. The trials are being sponsored by the healthcare start-up Compass Pathways, and its founder and chief executive George Goldsmith explains why he hopes to use them to bring this therapy to the general public. Plus Amanda Eilian of venture capitalists Able Partners describes how quickly attitudes in the investor community are changing.(Picture credit: Getty Images)
Business Weekly
On this edition of Business Weekly, we’re looking at the tech giant Apple. Its value tipped over the $3 trillion mark on the New York stock Exchange at the start of the year. We hear from Dan Ives of Wedbush Securities on possible further avenues of growth for the company. We’ll take you to the United States to hear from different communities all hoping to benefit from President Biden’s $1.2 trillion infrastructure plan. We focus on projects designed to improve the quality of drinking water, and public transport. The BBC’s Will Bain covers examples from Alaska, Michigan and California. Plus, we remember the work of the world renowned Kenyan paleoanthropologist Richard Leakey, who died at the start of the year. We hear from Dr Paula Kahumbu who knew him from childhood, and now runs one of the organisations he founded. Business Weekly is presented by Sasha Twining and produced by Clare Williamson.
Starting a company to fight rare disease
Mapping the human genome led to big advances in diagnosing rare disease. But diagnosis is only the first step in dealing with an illness. So what do you do if your child is found to have a condition that has no treatment? We hear from Michelle Teng, a mother who co-founded a biotech firm called SynaptixBio, that is looking to find the world’s first treatment for a rare neurodegenerative disease. Also in the programme, the Chief Medical Officer at Genomics England, Dr Richard Scott, tells us his hopes for the future of genomics medicine. And Dr Segun Fatumo of the London School of Hygiene and Tropical Medicine, explains why Africa is so important when it comes to genetic research. Presented by Vivienne Nunis and produced by Sarah Treanor. Image: Scientists look at a DNA model. Credit: Getty Images.
The death of the petrol station
The rise of electric vehicles could see traditional service stations closing across the planet over the next two decades, and replacing pumps with fast chargers is unlikely to save them. Justin Rowlatt speaks to one entrepreneur hoping to profit from the rollout of EV chargers in every home and parking space, Erik Fairbairn of Pod Point. Meanwhile Isabelle Haigh, head of national control at the UK's National Grid, explains why she is confident they can meet the electricity demand from all these new vehicles.Across the Atlantic, another entrepreneur - Sanjiv Patel of National Petroleum - says the writing is clearly on the wall for his chain of 25 gas stations in California - but maybe not for a while yet. But could he turn them into restaurants or use them to hold séances? That's the fate of one petrol station in Leeds that is now an arts centre. We hear from its owner, Jack Simpson.This is a repeat of an episode first broadcast on 2 June 2021.Producer: Laurence Knight(Picture: Abandoned gas station along old Route 66 in the California desert; Credit: Lynne Rostochil/Getty Images)
The many careers of Richard Leakey
Richard Leakey died at his home outside Nairobi, Kenya, earlier this week. World-famous for his fossil discoveries, the 77-year-old had many careers - paleoanthropologist, wildlife defender, politician and anti-corruption campaigner. Business Daily's Vivienne Nunis met Richard Leakey late last year and recorded this interview with him. He looks back on his life and shares his as yet unrealised plans for a 'cathedral of life with no God', a museum dedicated to evolution on the edge of Rift Valley. Image: Richard Leakey with a pile of elephant ivory, confiscated by the Kenyan government and due to be burnt in 1989. Credit: Getty Images.
Lessons from the forest for climate change
Jane Goodall, the famous primatologist, has set us a challenge: Is it possible to tackle climate change whilst also lifting people out of extreme poverty?Her question - posed to the BBC's Climate Editor Justin Rowlatt - is inspired by her own experience of tackling deforestation in Tanzania. As her colleague Emmanuel Mtiti explains, they convinced local villagers to stop felling trees, and to restore the natural habitat of chimpanzees, by offering them an alternative path to prosperity.So could an equivalent path be available that avoids increasing carbon emissions? If so then it would break with the pattern seen in Europe, America and China, where economic development was almost entirely fuelled by burning coal, oil and gas, according to Hannah Ritchie, head of research at Oxford University's Our World in Data team. But the micro-finance pioneer Muhamad Yunus says that solar power does now offer a carbon-free way forwards.The programme contains audio from the 1965 National Geographic documentary film Miss Goodall and the Wild Chimpanzees, as well as audio recorded at Gombe National Park and the surrounding area by Ruth Happel and Bernie Krause.Producer: Laurence Knight
How green is the global flower industry?
Most flowers sold in the florists and supermarkets of Europe are grown in East Africa, where the warm climate supports roses and other plants to grow year round. But is it sustainable? Vivienne Nunis follows the international supply chain from a Kenyan flower farm to the hub of the global flower trade near Amsterdam, where every morning stems are sold at auction before being transported in cold storage trucks to buyers across Europe. The Dutch have been trading flowers since medieval times, when speculators paid enormous prices for tulip bulbs. We pay a visit to Amsterdam's Tulip Museum to find out why. The worldwide flower market is worth $40bn a year, but as growing numbers of consumers start to question the true environmental cost of what they buy, some growers are advocating for a return to seasonal, local blooms. We visit English grower Tess Wardman of Iris and Wilf flowers. Producer: Sarah Treanor. Image: Bouquets of roses for sale. Credit: BBC
Business Weekly
On Business Weekly, we look at the problems faced by companies affected by the spread of the Omicron variant of Covid-19. Are staff shortages just a blip or could they be more long term? Professor Joshua Hausman at the University of Michigan gives us his view. Plus, we look at efforts being made in the textile industry to move away from “fast fashion" using traditional, slow and more sustainable methods. Also, it’s 20 years since the schoolboy wizard Harry Potter first appeared on movie screens; which businesses are still feeling the marketing magic? And we shake and stir with some of the world’s top mixologists to find out about the trends in cocktails for 2022. Business Weekly is presented by Matthew Davies and produced by Clare Williamson.
Cocktail trends 2022
Our love for cocktails has surged during the pandemic. Nisha Patel speaks to mixologists and bar owners from all over the world to find out what's inspiring them and what concoctions we may see across global bar menus. Hanky Panky bar in Mexico says lockdown sent everyone back to their books and emerging are pairings inspired by cook books. Two Schmucks in Barcelona say the diversity of their staff has led to a range of cocktails you'd usually see in your main meal and cocktail aficionado Lynette Marrero shares how she's seen her cocktail masterclasses filled with customers who have a thirst for premium alcohol. Phil Tate from CGA strategy analyses cocktail trends worldwide and explains how the pandemic has influenced and changed the global cocktail trend, and how this will continue into 2022.This programme is produced and presented by Nisha Patel(PIC: Vodka with cranberry and grapefruit CREDIT: Getty)
Taking on fast fashion in rural China
In the remote mountain villages of Guizhou, China, indigenous people have been handmaking clothes for centuries. But with so many young people leaving rural areas for jobs in China's manufacturing centres, those ancient skills are disappearing. Angel Chang tells us how she quit her job in the designer fashion houses of New York to start her own clothing line, employing indigenous craftspeople to grow organic cotton, use natural dyes and sew her collection by hand. It’s part of a wider shift away from the highly-polluting fast fashion industry. We also hear from Nicole Rycroft, founder of the NGO Canopy, which is changing the way popular brands source the world's third most popular fabric: viscose, which is traditionally made from the wood-pulp of trees. Vivienne Nunis asks if this more environmental approach can be adopted by the wider fashion industry. Producer: Sarah Treanor. Image: A woman dressed in handmade clothing typical of the Dong indigenous community in Dimen, Guizhou, China, holds some handwoven cotton fabric that has been dyed with locally-grown indigo. Credit: Angel Chang/Boe Marion/2DM Management
Men and cosmetic surgery
More men have considered cosmetic treatments during the pandemic. Has spending more time at home staring at ourselves in video conferencing made us more worried about our appearance, and have the pressures of ageism in the workplace also had an impact. Ed Butler speaks to psychologist Helena Lewis Smith, and Past President of the American Association of Plastic Surgeons Dr Alan Matarasso about just what’s motivating men to make more changes. Plus, he tries a treatment for himself. (Picture of man having cosmetic surgery. Picture via Getty Images).
Moon missions and space junk
2021 was another year of firsts in the ever-expanding industry around space, as we moved towards space tourism as a reality. But what about NASA, and its plans to return to the moon? We hear all about it, and the space agency’s ambitious plans for not just the moon, but mars; from NASA’s Carlos Garcia-Galan. We also hear about the increasingly urgent issue of space junk, which is causing serious safety issues in orbit. University of Texas at Austin professor, and chief scientific officer at Privateer, Moriba Jah explains. Plus Katie Miller from Skyrora tells us about the company’s space tug; a nifty idea to clean up unwanted objects in space.Presenter Jane Wakefield Producer Sarah Treanor(Picture: Earth from space, Credit: Getty Images).
Harry Potter and the phenomenally profitable franchise
It's 20 years since the first Harry Potter film was released and the movies and books have spawned a world of wizard-related retail opportunities. Elizabeth Hotson asks Chris Columbus, director of the first two Harry Potter films, how he dealt with the pressure of bringing the boy wizard to life. And we travel to Edinburgh for The Potter Trail tour which starts with a spell and ends in a graveyard. We step inside the magical Museum Context shop, and hear form owner, Andrew McRae. Plus, Scott Mendelson, a film critic and box office pundit at Forbes, tells us why he thinks the franchise has been so successful. And we end with a look at the most hallowed of magic artefacts, the philosopher's stone itself.Presenter: Elizabeth Hotson Producers: Elizabeth Hotson and Sarah Treanor(Picture of a boy dressed as Harry Potter, Picture by Stephen Chernin for Getty Images)
Business Weekly
On this edition of Business Weekly, we’re looking at the rising cost of energy across Europe, and hear from Emma Pinchbeck of Energy UK on how producers and consumers are coping, plus Tom Wilson from The Financial Times analyses the causes behind the price hike. We hear about how some countries are scaling back their road building projects in the face of climate change and ask how best to get people out of their cars? Plus, we go to Ghana, where consumers are unhappy with a new tax the government wants to add to electronic money transfers made using mobile phones. And the BBC’s Michelle Fluerry is in the US state of Kentucky to meet people who have decided to quit their job, and reevaluate their lives during the pandemic. Business Weekly is presented by Sasha Twining and produced by Clare Williamson. (Image: cooking gas ring with blue gas flame; Credit: BBC)
The ghost of Christmas yet to come
What will be left of human civilisation in the geological record 100 million years hence?Justin Rowlatt speaks to the geologist Jan Zalasiewicz of Leicester University in an extended interview, speculating on the durability of the human legacy. We may take pride in our cathedrals, technologies and feats of engineering. But what strange fragments will survive long enough for aliens visiting our planet in the distant future to discover? And will it be enough for those future geologists to figure out what caused the mass extinction we will leave behind in the fossil record?This is an extended version of an interview recorded for Justin's Geochemical History of Life on Earth, also available on the BBC World Service.Producer: Laurence Knight(Photo: Skull fossil artwork from the Modern Fossils collection by Christopher Locke. Credit: Christopher Locke/Heartless Machine)
China prepares to face down Omicron
The new variant poses a particular threat to China's hitherto successful zero-Covid strategy at a time when the country's economy is looking vulnerable.Ed Butler gets the latest on the fast-moving Omicron variant from Boston University epidemiologist Eleanor Murray. One new development is a recent study in Hong Kong that found that one of the two main Chinese vaccines offers very little resistance against it. Health security expert Nicholas Thomas of Hong Kong's City University says the Chinese government is now in a race to deliver booster vaccines to its population, while stopping Omicron from leaching across its porous land borders. It comes at a sensitive time, with the Beijing Winter Olympics to begin in February, and the government seeking to gently deflate a property market bubble ahead of a politically sensitive Communist Party Congress in October. But independent economist Andy Xie says that when push comes to shove, the government would rather lockdown the entire national economy rather than let Covid get out of control.Producer: Laurence Knight(Picture: A large crowd of commuters wearing face masks at a subway station in Hong Kong; Credit: Budrul Chukrut/SOPA Images/LightRocket via Getty Images)
Lockdown, rebound, lockdown
2021 has seen some extraordinary economic changes. First a global economic rebound, then a global supply chain crisis, then inflation of a kind not seen in western countries for decades. And finally millions of people deciding they didn't even want to go back to work after lockdown. So what could 2022 have in store? Ed Butler discusses all this with Oxford economist Linda Yueh of Oxford University and author of the Great Economists, and Mohamed El-Erian, President of Queens College Cambridge. (Picture of interest rate graph. Picture credit: Getty Images).
Millions still not back at school
The World Bank says this could cost the global economy $17 trillion. Coronavirus brought education systems across the world to a halt. At its height more than ninety percent of the globally enrolled student body were not in school. That’s more than 1.6 billion learners. Nearly two years on from the start of the pandemic, hundreds of millions of children are still not back in the classroom. In Uganda, as the BBC’s Patience Atuhaire tells us, schools were closed in March 2020 before the country registered a single coronavirus case. They are yet to reopen. She interviews a father whose twelve children have missed nearly two years of school. Robert Jenkins, the Director of Education and Adolescent Development at UNICEF, says the global economic impact of this lost education amounts to $17 trillion. He says the need for governments around the world to reopen all schools is critical.(picture of Fred Ssegawa's children via BBC).
End of the roads
Roads? Where we’re going, do we need roads? Some countries think they've already got too many. In the face of a climate catastrophe, the Austrian and Welsh governments are reconsidering plans to expand their road networks, moving away from a car-first model to better include more environmentally modes of transport. In Wales, they’ve all but halted any new roads as Climate Minister Julie James tells us, and are instead looking at improving public transport and active travel measures. In Austria we speak to Leonore Gewessler, Minister for Climate Action in the national government, who says that to build more roads would only attract more traffic and therefore more pollution. Electric vehicles could go some way to lowering carbon emissions, but the take up isn’t fast enough, says transport researcher Giulio Mattioli and so reducing reliance on cars altogether has to be a priority. And that means reimagining how cities are built to accommodate convenience, but without the car – transport planner Susan Claris tells us how that can be done. Today’s programme is presented by Tamasin Ford and produced by Russell Newlove.
Business Weekly
On this edition of Business Weekly, we’re looking at rising inflation in Turkey, and hear how different communities are trying to live during a period of economic uncertainty. Victoria Craig tours Istanbul to hear from shop workers and families caught up in the currency crisis. Plus we focus on the Netherlands, and Meta’s proposals to build a giant, energy-hungry data-centre there. We hear how the community is divided on the plans from Facebook’s parent company. We’ll look at the diplomatic spat between Lithuania and China, that now has implications for trade between the two countries and the wider European Union, and we also delve into the world of premium pet food, to hear how today’s cats and dogs are getting the luxury treatment from their owners. Business Weekly is presented by Sasha Twining and produced by Clare Williamson. (Image: Tourist shop in Istanbul's spice market, credit: Getty Images)
High risk investing
Why has it become so popular for millions of young people? Has the failure of conventional nest-eggs, rising student debt and high property prices forced twenty-somethings into an ever riskier outlook - and what's the pandemic got to do with it? Nachiket Tikekar, a 23 year old student of business, tells Ed Butler why he decided to stick all his spare money into stocks and shares and why he's not scared of the markets crashing. This has all been made possible by the rise of low-cost online trading platforms like The Zerodha, which is India's biggest. Somnath Mukherjee runs its business and legal operations. Ed also speaks to Sarah Pritchard, the executive director of markets at the UK's Financial Conduct Authority who are trying target these risk adverse investors with warnings through new platforms such as TikTok. And Lesley-Ann Morgan has led a global study looking at investment trends, including for younger people, across more than 20 countries for Schroders Wealth management. She says thousands of young people have been saving as a result of forced lockdowns, and are feeling more inclined to ignore traditional investment strategies. (Picture of a young investor. Picture Credit: Getty Images).
The Turkish lira and red hot inflation
The official inflation rate in Turkey is above 21% and the value of the lira has plunged by nearly half this year. Victoria Craig hears from families, students and workers about what a currency crisis, fueling red-hot inflation, feels like to live through. (Picture Description: Turkish Flag, Picture Credit: Getty Images).
The Meta data centre dilemma
What is at stake when a big company like Meta comes knocking on your door? The small Dutch town of Zeewolde is grappling with this. Meta - the parent company of Facebook, Instagram and WhatsApp - wants to build a huge data centre in the area which could be the biggest in Europe. It is a proposal which has raised questions about land-use, water consumption, political power and energy. The municipality says it will bring significant benefits – but not everyone agrees. Opponents like local resident Sipke Veentra, say the centre will use five times the amount of energy that their local windmills provide. And local farmer Carla Dekker is concerned that prime agricultural land is being given over to development and is worried about the amount of water Meta will use. They both claim Meta is being given preferential treatment over local businesses. But those in favour, like Egge Jan de Jonge the local cabinet member who is steering the deal through, says Meta will have to provide new power supplies to feed the centre and that they have a proven record of having done this in the past. Stijn Grove, from the Dutch Data Centre Association says there is no Dutch national strategy and that more political leadership is needed from the top. And Sebastian Moss, who watches the data centre industry for the website DatacenterDynamics says companies face similar challenges to Meta when trying to site hyper-scale data centres all over the world. (Picture: Data centre; Credit: Getty Images)
The pet food gold mine
The pet food industry is a multi billion dollar business but are premium brands - with premium ingredients - worth spending more money on? And could insect protein be the key to a more sustainable way of feeding our animal companions? Elizabeth Hotson gets the facts and figures from Kate Vlietstra, a global food and drink analyst at Mintel. We also hear from Tom Neish, founder of insect-based cat and dog food company, Yora. Plus, Rachel Grant from premium pet food brand, Laughing Dog, tells us why she believes her product is worth splashing out on. A trio of dog owners tell us what's on their pets' menu and Sean Wensley, senior vet at the pet charity, PDSA explains how to make sure your animal companion eats a balanced diet. Plus, Natalia Santis, manager at the Java Whiskers cat cafe, describes the eating habits of their eleven fussy felines. (Picture of treat time at Java Whiskers cat cafe. Picture by Elizabeth Hotson).
The problem of parasites: who pays for neglected tropical diseases?
Leishmaniasis may not be a household name in much of the rich world, but the parasitic disease is found in over 90 countries, and can lead to agonising disfigurements, and death. It’s classified as a neglected tropical disease, which means treatment is underfunded and under-researched. We hear from British adventurer and writer Pip Stewart, who contracted Leishmaniasis on an expedition through the jungle of Guyana. She received treatment in the UK, but it was a harrowing experience. Pip explains how her Guyanese friends have to resort to excruciating home remedies to try and stem the parasite. She’s written a book about her ordeal: Life Lessons from The Amazon. We also get the view from Ethiopia, where Dr Helina Fikre explains the difficulties in treating the same parasitic illness. Dr Laurent Fraisse from the Drugs for Neglected Diseases Initiative tells us about his organisation’s search for better treatments, while Dr Madhukar Pai calls for an overhaul of the way tropical diseases are funded. Image: The Leishmaniasis parasite under a magnification factor of 1000. Photo By BSIP/UIG Via Getty ImagesPresenter: Vivienne Nunis Producer: Sarah Treanor
Business Weekly
On this edition of Business Weekly, we look at Germany to see how the change in chancellor from Angela Merkel to Olaf Scholz may impact the direction of the country, both domestically and on the world stage. We also hear how Ukrainians are faring economically as relations with their neighbour Russia sour further, and how there’s further military tension on the border. Plus, we look at the business of private adoptions, and hear how much money can change hands when a child is welcomed into a new home. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
Blacklisted in China
Lithuania has provoked China's rage by going too far in recognising Taiwan. Beijing is now apparently blocking Lithuanian imports and is even threatening global firms who trade with Lithuania. The spat was started by Lithuania's decision to allow a Taiwanese Representative Office to open in Vilnius in November. China says Taiwan is part of its territory. This has all come days after Brussels proposed a new law allowing it to retaliate against economic sanctions like this. Ed Butler speaks to Finbarr Bermingham, the Brussels correspondent of the South China Morning Post, Shelley Rigger from Davidson College in the US and a leading expert on Taiwan's trade relations and Hosuk Lee-Makiyama, the director of the European Centre for International Political Economy who is advising EU member states on the new legislation.(Picture: Made in Lithuania logo; Credit: Picitup/Getty Images)
The arms race in cyberspace
Will the next war be waged online? Ed Butler talks to Nicole Perlroth, winner of the 2021 Financial Times Business Book of the Year for This Is How They Tell Me the World Ends - an investigation into the how governments, spies, criminals and corporations are dealing with - and exploiting - the risks associated with doing business in the digital era.
Healthcare workers are burnt out
What can be done to stem the tide of carers quitting the industry? Before the pandemic the healthcare sector struggled to recruit enough workers. Today they're leaving in droves. Citing physical and mental exhaustion, poor working conditions, a lack of appreciation and miserly pay, carers are leaving their jobs - a trend with all the makings of a future skills crisis. The BBC's Rebecca Kesby speaks to Ged Swinton, a member of the Royal College of Nursing who had to leave his job as a frontline nurse after losing patience with an unappreciative government - and abuse from the public. Will Hunter recently returned to his job as an accident and emergency junior doctor, but could only handle part time work after an intense year of pandemic conditions. In the USA we hear from Vicki Good, former president of the American Association of Critical-Care Nurses, who tells us people are leaving the care sector almost as soon as they join, despite spending years in training beforehand. We speak to Lori Peters of the National Association of Health Care Assistants, who says that without decent pay and conditions, the sector won't attract enough workers to fill a skills gap that will only get bigger.This episode is produced by Russell Newlove, Sarah Hawkins and Elizabeth Hotson.
Super-fast grocery delivery apps are booming
But are apps that deliver from the shop floor to your front door in minutes just a pandemic-era fad or are they here to stay? Have you ever been in a situation where you needed something delivered right away? A toothbrush you forgot on a trip? Or butter for a recipe you've already started preparing? There are many apps for that – a whole fleet of them – that are now competing for your dwindling time. They promise to get everyday items to you, sometimes in 10 minutes or less. But, is it just a pandemic-era trend, or does it have staying power? The BBC’s Victoria Craig speaks to the boss of eight-year old US-based super-fast delivery company, GoPuff. Yakir Gola started the business while at university and has grown it to become a dominant player in the American market. He talks about why the company has decided to expand in the UK, and how it plans to compete in a red-hot space. Plus, we hear from Adrian Maccelari, the director at London-based bakery Sally Clarke about whether partnering with super-fast delivery start-ups has been helpful to the business, and Elodie Perthuisot, the director of data and e-commerce at grocery chain Carrefour, explains how the model has been a game changer for the supermarket business. There has been blockbuster growth in the super-fast delivery category over the past two years, which leads Bain and Company’s Ruth Lewis to think consolidation is an inevitability. A number of start-ups have entered the space, and already, the industry has seen some high profile mergers and acquisitions.
Why private adoption is big business in the US
At any given time, about a million American families are looking to adopt and most prefer newborns. The industry is regulated on a state-by-state basis and many advocates argue that, not only the existing rules are not enforced properly, but that much greater federal regulation is needed to ensure that the whole process is ethical and safe. Ivana Davidovic hears from Shyanne Klupp, who says she felt pressured by an adoption agency to give her son up for adoption when she wanted to change her mind. She is now a reform campaigner and wants the private adoption industry, in its current form, abolished. Maureen Flatley, who has been working in the field of adoption legislation for two decades, is very concerned about the internet blurring the lines of legality and ethics and "trading of children" on social media without proper oversight. She hopes that 2022 will see some federal legislation governing this field finally implemented. And adoptive parents from Ohio explain why, after spending $70,000 on their first adoption through an agency, they have decided to take the matter into their own hands and advertise themselves online as prospective parents.PHOTO: Woman holding little boys hand walking down the street/Getty Images
Business Weekly
The world’s biggest clothing retailer, Inditex, has a new boss, the 37-year old daughter of the company’s founder. Will Marta Ortega manage brands like Zara, Pull & Bear and Massimo Dutti in the same way her father did or will she take a different path? And do consumers still want fast fashion? Plus, we hear why mining the metals and minerals used in green technologies can contribute to the world’s climate change problems and what is needed to ensure that they are mined in a way that doesn’t infringe on human rights or damage local communities. Also, one of the founders of Transparency International tells us the money stolen by corrupt leaders is being ploughed into western assets like property – with the help of an army of financial and legal professionals. Meanwhile, Covid has forced many workers to re-assess and re-evaluate their lives and as a result, they are quitting their jobs in record numbers. It's being called the Great Resignation. And the increasing appeal of the ukulele; how the small guitar-like instrument is making a big noise among the young. Business Weekly is presented by Matthew Davies and produced by Clare Williamson. (Image: Zara shopper with brown bag; Credit: Getty Images)
The Omicron variant and vaccine inequality
Could a more equitable global vaccine rollout have stopped the new variant? As the world waits for more information about just how contagious and dangerous the new Covid-19 variant is, we ask if the emergence of a variant like Omicron could have been avoided – or at least slowed - if people all around the world had been vaccinated at the same pace. Instead, richer countries race to give booster vaccines to their own populations as many poorer countries are still waiting to receive their first jabs. Tamasin Ford hears from Dr. Richard Mihigo, who coordinates the WHO’s immunisation and vaccine development progamme in Africa. He says it’s not just about shipping jabs to countries; the international community could also step up to help with planning and logistics for the distribution of vaccines. Dr. Atiya Mosam, a public health specialist in South Africa, was disappointed in the way the world reacted when news the new variant came out of her country. She argues that the travel bans that many countries quickly imposed are both discriminatory and ineffective. She also worries that many South African scientists feel they have been punished for being open and honest with the world about their discovery. Dr Meru Sheel, an epidemiologist at the Australian National University, says the issue of vaccine inequality should have been fixed many months ago. She says the vaccines should evenly distributed because it makes the most sense from a public health perspective, and also because it’s the ethical thing to do. (Image: Passengers at Cape Town airport in South Africa on 29 November 2021. Source: David Silverman/Getty Images)