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Business Weekly

Lockdowns around the world has seen our energy usage plunge, but as restrictions ease will countries build back better? On Business Weekly we get the view of veteran scientist James Lovelock as he celebrates his 101st birthday. We ask him his predictions for planet earth.We also head to Ghana, where we take a look at efforts to reinvigorate the economy by attracting disillusioned African Americans to visit and start a new life there. Plus, if you’re missing watching you’re favourite bands, some artists are coming up with novel ways to get around bans on concerts.

Aug 8, 202036 min

Paid not to work: Burden or opportunity?

In order to try and stem a wave of coronavirus-induced unemployment, governments around the world introduced job retention schemes. Many of these are being rolled back or withdrawn and Elizabeth Hotson asks whether the interventions got people out the habit of work or opened up new opportunities. We speak to three workers placed on furlough - gardening enthusiast, Carol Peett; single parent, Naomi Empowers and keen baker, Chinelo Awa. Plus New York law firm partner, Greg Rinckey tells us about some of the unexpected consequences of the CARES act in the US and Sarah Damaske, Associate Professor of Sociology at Penn State University, tells us that furlough wasn’t necessarily a chance to relax. (Photo: Naomi Empowers, with kind permission)

Aug 7, 202017 min

Trump's climate rollback

Environmental regulations are being systematically weakened and repealed by the US government.Justin Rowlatt speaks to someone trying to keep track of it all - Michael Gerrard of Columbia Law School. He also hears from Maria Caffrey, a climate scientist who lost her job at the US National Park Service after blowing the whistle about how her research was being suppressed - and she says she is not the only one.Climate sceptic Myron Ebell of the Competitive Enterprise Institute explains why the environmental rollback is good news for the US economy, while climate futurist Alex Steffen says humanity will be the living with the consequences of Trump's delay of climate action for generations to come.With Democratic challenger Joe Biden having unveiled an unprecedentedly ambitious climate plan, it means there is all to play for in the November Presidential elections.Producer: Laurence Knight(Picture: Donald Trump holds up a "Trump Digs Coal" sign at an event in Huntington, West Virginia; Credit: Saul Loeb/AFP via Getty Images)

Aug 6, 202018 min

Evading sanctions

How easy is it to get around sanctions? The US has for some years used financial sanctions to target those it blames for corruption or supporting terrorism. But do these measures work? We hear the latest evidence that it may be quite easy to get round sanctions and asset freezes. Producer: Frey Lindsay. (Picture: Suitcase full of cash; Credit: seyfettinozel/Getty Images)

Aug 5, 202018 min

Will live streaming gigs save the music industry?

Musicians tell us how they are finding innovative ways to get around the pandemic and perform live to their fans.It's a very real problem - the BBC's arts editor Will Gompertz tells Ed Butler of the frustrations of performers like Beverley Knight (pictured) having to perform to half-empty auditoriums in order to ensure social distancing.Two singer-songwriters tell us the novel methods they've taken up during lockdown. Dent May describes his first live-stream performance from his own home, while Laura Marling put on a live staged performance for a limited ticketed online audience. The brainchild behind Laura's, music promoter Ric Salmon of Drift Live, says he thinks the concept will prove more than just a quick fix for Covid-19.(Picture: Beverley Knight performing to a live audience at the London Palladium; Credit: Andy Paradise/BBC)

Aug 4, 202018 min

"Gaia Hypothesis" creator celebrates 101 years

Veteran environmentalist James Lovelock reflects on his career and the planet's future, as he turns 101 years old. The independent scientist, Wollaston medal recipient and inventor of the Gaia Hypothesis sits down with the BBC’s Chief Environment correspondent Justin Rowlatt to talk about his humble upbringing between the two World Wars, his inventions that helped propel the green movement, as well as his thoughts on the over-specialisation of the university system, and the future of human life on Earth.(Picture: James Lovelock. Picture Credit: BBC)

Aug 3, 202017 min

Business Weekly

It’s estimated that a quarter of a billion people could lose their jobs as a result of the coronavirus pandemic. On Business Weekly we ask whether governments need to rethink the way they deal with mass unemployment.We also head to the salt flats of Bolivia to find out whether the untapped lithium reserves there will be a blessing or a curse for the South American country.Plus, we’ll discover why you’ll need to bring a coat if you go out for coffee in France and find out why doctors are putting pictures of themselves in bikinis on social media.Presented by Lucy Burton.

Aug 1, 202049 min

Homeworking: Is it messing with your head?

Working from home could outlast the pandemic. But workers' experiences with homeworking in lockdown are not all positive. Manuela Saragosa speaks to some office workers who've struggled to adapt to home life, and to Dr Zofia Bajorek, research fellow at the Institute for Employment Studies in the UK, who's been surveying workers on the pressures they've faced in lockdown. Cary Cooper, professor of organisational psychology and health at Manchester Business School, explains why face-to-face contact is so important for innovation in the workplace, and why flexible working with a mix of office and home will ultimately make us all happier. (Photo: A woman works from home, Credit: Getty Images)

Jul 31, 202018 min

Bolivia's lithium bonanza

The Salar de Uyuni is a stunning pristine salt flat high in the Andes - it is also the world's biggest lithium deposit, worth many billions of dollars.Ed Butler asks whether this as yet untapped resource will prove a blessing or a curse for the people of Bolivia. It has already played a role in the political instability that brought down the country's long-time socialist president, Evo Morales, last year.Daniela Sanchez-Lopez, an expert in the geopolitics of clean energy at Cambridge University and herself Bolivian, explains how the exploding demand for lithium batteries for electric vehicles and renewable energy storage, means that many powerful nations have their eyes on the salt flat.Among them is Germany. Ed speaks to Wolfgang Schmutz, founder of ACI Group, the clean energy company that had won a contract to develop the lithium deposit, before being dumped during the political unrest last year. We also hear from Gunnar Valda, head of the Bolivian state lithium company YLB.Producer: Laurence Knight(Picture: Woman standing on the Salar de Uyuni; Credit: hadynyah/Getty Images)

Jul 30, 202018 min

What actually happened in Sweden?

Sweden, a nation of 10 million, has one of the highest death rates per capita in the world, far above its Scandinavian neighbours. A decision was taken early on in the coronavirus pandemic not to put Sweden into lockdown. Lena Einhorn, a Swedish virologist explains why she was opposed to that decision. The state health authority were pursuing a strategy they thought would benefit both the economy and public health, but Jacob Kirkegaard of the Peterson Institute for International Economics says that strategy didn’t do either. That said, Swedish companies, particularly those with domestic focus, have done better than expected, as Esbjörn Lundevall from the Nordic SEB bank explains. (Picture: The Swedish flag flying in Stockholm. Picture credit: Getty Images?)

Jul 29, 202018 min

Are companies really committed to diversity?

US companies are spending around $8 billion a year on diversity training. Neal Goodman has been running “unconscious bias” training for decades, and explains to Manuela Saragosa how it works. But Pamela Newkirk, journalist and author of 'Diversity, Inc.' says diversity training is often more about box ticking than actually getting results. And Betsy Levy Paluck of Princeton University says such training may even backfire if not done right. (Picture credit: Getty Creative)

Jul 28, 202018 min

Dealing with mass unemployment

It’s estimated that the coronavirus pandemic will leave a quarter of a billion people out of work this year. Many of the jobs lost may never come back. Elisabeth Reynolds at the Massachusetts Institute of Technology says governments must take more radical action.And with its generous benefits system and flexible jobs market, what can Denmark teach us about navigating the post-Covid jobs landscape? We ask Jacob Kirkegaard, senior fellow at the Peterson Institute.Photo: A man stands in front of the closed offices of the New York State Department of Labour (Credit: Getty Images).

Jul 27, 202018 min

Business Weekly

After the second-longest summit in the bloc's history, EU leaders agree a deal between themselves for a coronavirus economic recovery plan worth hundreds of billions of euros. But will it keep the so-called Frugal Four satisfied? And is now the time to reassess the health insurance industry in the United States? Plus, why Kenyan farmers have been hit by a drop in Muslim pilgrim numbers for the upcoming Hajj.

Jul 25, 202049 min

Brexit: still worth it?

It’s going to be more expensive for British firms to trade with the European Union after the end of this year. That’s when the real Brexit takes place. We ask Alastair Macmillian, a Brexit-supporting business owner, whether he thinks leaving the EU is still worth it.Alex Veitch, head of international policy at the UK Freight Transport Association, explains what the extra red tape means for the industry. And we hear from Peter Foster, public policy editor at the Financial Times.Photo: The flags of the UK and EU are pictured at the European Council headquarters in Brussels (Credit: Getty Images)

Jul 24, 202018 min

TikTok under pressure

Can TikTok survive as a US-based social media platform? The social media app owned by a Chinese company, is prompting suspicion in Washington at the moment. Amidst rising US-China tensions, are suspicions that the company is using spyware justified? James Lewis, a veteran cyber-expert at the Center for Strategic and International Studies in Washington DC says the administrations doubts are probably unjustified. Louise Matsakis, a staff writer for Wired magazine says all social media platforms in the US need to be more heavily regulated. Plus Zach King, currently the world's third best paid TikToker who has amassed a staggering 41 million followers worldwide tells Ed Butler about how he uses the site to make millions of dollars. (Picture credit: Getty Images)

Jul 23, 202018 min

Coronavirus: A killer blow to US healthcare?

The coronavirus pandemic is stretching the US healthcare system to breaking point, with tens of millions of people losing their employment-related coverage. One such person is Susan, a breast cancer survivor who has had to avoid vital check-ups after being made redundant as a bartender in New York. And there are many more like her. Kaiser Family Foundation Data Scientist Cynthia Cox explains how difficult it is to know how many people are actually without healthcare right now. Dr Adam Gaffney, a pulmonary and critical care doctor and instructor at Harvard Medical School says the insurance-led model already was in need of a drastic overhaul, while Mary Grealy of the Healthcare Leadership Council counters that the system does still work and offers greater choice to the consumer. And LaRay Brown, who leads the One Brooklyn Health System, describes how the pandemic is having a devastating effect on hospitals’ finances. Will the US health system stand up to the strain of Covid-19, and its economic disruption?(Picture credit: Getty Images)

Jul 22, 202018 min

Changing career in a pandemic

Some people aren’t letting coronavirus put their plans on hold. On today’s Business Daily, the BBC’s Katie Prescott meets several people dealing with the uncertainty of change in a pandemic. We’ll hear from Sharon, who is considering switching employer, and Sandra who is seizing the opportunity of a coronavirus-related redundancy to start her own business. We’ll also hear from entrepreneur and author Margaret Heffernan how we all accept some amount of uncertainty when making changes.(Picture credit: Getty Images.)

Jul 21, 202018 min

Designing a better city

Can the lessons learned during Coronavirus help make urban environments smarter? The BBC’s Jane Wakefield meets the people trying to find out. Guillem Camprodon of the Fab Lab in Barcelona explains how local city sensors can be used to measure noise pollution, while Professor Phil James, director of the Urban Observatory programme in Newcastle, discusses the potential and limitations of collecting data on all aspects of daily life. Richard Sennett, Senior Advisor to the United Nations on its Urban Initiatives Group, says post-pandemic, we might need to rethink how we use space, and Daniela Rus of the MIT Computer Science and Artificial Intelligence Laboratory, suggests ways we can use task robots to reduce risk to humans.(Picture: An aerial view of Tokyo. Picture credit: Getty Images.)

Jul 20, 202018 min

Business Weekly

In Business Weekly, we investigate racial discrimination in the banking system and find out how this affects the businesses owned by people of colour. We also ask why so few governments plan effectively for catastrophes. We hear about the impact that had on the ability to react to Covid-19 and what it might mean for future challenges. Plus, we hear from the Welsh choir who are longing to sing together once again. Presented by Lucy Burton.

Jul 18, 202049 min

Fixing world trade

Trade wars have blighted the global economy in the last four years. What will it take to restore order? Much will depend on who takes over the leadership of the World Trade Organisation, the institution tasked with guiding and policing the rules-based global trading system. There are eight official candidates for the WTO top job. We speak to Mexico’s candidate, Jesus Seade, about how - and what - needs fixing, with commentary from the BBC’s economics correspondent Andrew Walker.(Photo: WTO director general candidate Jesus Seade; Credit: Getty Images)

Jul 16, 202018 min

China's plan to redesign the internet

Huawei's expulsion from the UK's 5G network is the latest development in a growing US-China cyber cold war - but Beijing has bigger plans afoot.Cyber-security consultant Dominique Lazanski explains how the Chinese authorities are proposing to replace the data protocols that underpin the current flexible, open internet with ones that would enable national governments to exert much greater top-down control within their borders.Meanwhile US President Trump continues to focus his ire on telecoms equipment maker Huawei, and major Chinese tech firms. Laurence Knight gets the latest from the BBC's Asia business correspondent Karishma Vaswani. Plus, Justin Sherman of the Atlantic Council think tank in Washington DC fears that if the US doesn't start working with other democracies, then the free, open internet we have grown up with may struggle to survive.(Picture: Abstract Globe With Glowing Networks; Credit: imaginima/Getty Images)

Jul 16, 202018 min

Homeworking's winners and losers

The economic impact of the working-from-home revolution. Edwin Lane speaks to remote tech worker Heather May about why she's swapped the office and the big city for rural Alabama, and to Aaron Bolzle, executive director of Tulsa Remote - a programme to attract remote workers from around the US to Tulsa, Oklahoma. Manuela Saragosa hears from Stanford University economist Nicholas Bloom about why a boom in working from home during the coronavirus pandemic could increase inequality, and digital economy researcher Sarah Bana tells us why some countries are better than others at home working.(Photo: A woman works on laptop at home, Credit: Getty Images)

Jul 15, 202018 min

Venture capital's diversity problem

Will the Black Lives Matter movement bring change to an industry accused of being too white?Nick Kelly, a black entrepreneur who runs Axela Ltd, says venture capital funds would only consider a certain kind of business idea from black entrepreneurs. He didn't raise any money from them when he went asking yet his business is now worth around $10 million. Kenny Alegbe of HomeHero, another black entrepreneur says he only got investment from VC funds when he looked outside of the usual set of funds. Plus Manuela Saragosa speaks to Tracy Gray who runs the 22 Fund. She is a rarity in the VC community. She is female and a black investor, and says there has been no change in the VC world for the 20 years that she's worked in it.(Picture: Black businesswoman looking at male colleagues whispering; Credit: XiXinXing/Getty Images)

Jul 14, 202017 min

Why do we ignore catastrophic risk?

Covid-19 is showing up a general failure by most of the world's governments to prepare for the worst.Manuela Saragosa speaks to Dr Sylvie Briand at the World Health Organization, whose job is to get the world ready for new infectious outbreaks like coronavirus. What was it like for her exhortations to fall on deaf ears up until this year? How prepared was the WHO itself, and does she fear the consequences if the multilateral organisation is defunded?Meanwhile, author and risk consultant David Ropeik explains why human nature makes us so bad at taking action to ward of disasters that happen once in a blue moon. And Jens Orback, head of the Global Challenges Foundation, says pandemics are only one of a host of terrifying cataclysms that we disregard at our peril.Producer: Laurence Knight(Picture: Asteroid striking the Earth; Credit: puchan/Getty Images)

Jul 13, 202018 min

Business Weekly

On Business Weekly, we look at what's been the biggest corporate scandal of 2020 so far. Wirecard was one of the German stock exchange's largest companies, but it now finds itself embroiled in fraud and corruption claims. How did the technology star fall so quickly from grace? Fergus Nicoll investigates. The coronavirus pandemic has taken its toll on the education sector and in the United States new rules say foreign students might face deportation if their courses have gone online, throwing their lives into disarray, Rob Young hears their stories. And what’s the formula behind a winning brand? We join Elizabeth Hotson on a quest to bring out a winning range of mushy peas. Presented by Vishala Sri-Pathma and produced by Matthew Davies.

Jul 11, 202049 min

Trump's tax returns

The US Supreme Court has ruled that the US President's taxes cannot be withheld from a grand jury investigation - but what does it mean for his bid to keep his finances private and to get himself re-elected in November?Ed Butler asks John Coffee, professor of law at New York's Columbia Law school, which legal team and which political party should be celebrating more over this complicated ruling.Plus, New York Times investigative journalist Susanne Craig tells us what is already known about Mr Trump's tax affairs and the source of his wealth. And tax journalist David Cay Johnston explains why Mr Trump's finances were so little investigated before he became president.(Picture: US President Donald Trump in the cabinet room of the White House; Credit: EPA/Samuel Corum)

Jul 10, 202018 min

Voting amidst a pandemic

Could electronic voting help the US hold an election?Ed Butler speaks to Nimit Sawhney founder and CEO of Voatz - a US startup that provides voting through a smartphone app, and to Priit Vinkel, the former head of the state electoral office of Estonia where 50% of citizens now cast their votes online. J. Alex Halderman, professor of computer science at the University of Michigan explains why e-voting systems are so risky when it comes to election security. Lori Steele Contorer, former founder and CEO of e-voting company Everyone Counts, argues the case for electronic voting amid the coronavirus pandemic. Producer: Edwin Lane(Photo: Voters line up at polling stations in the US state of Wisconsin earlier this year; Credit: Getty Images)

Jul 9, 202018 min

Rising tensions with China

Why does China seem to be upsetting countries around the world? Beijing's recent clampdown on Hong Kong with a new security law has led many countries to condemn the Chinese leadership. It's also put more pressure on the trade war with the US. So what's in it for Beijing to apparently spur international hostility over Hong Kong and a number of other regional border conflicts? George Magnus, an economist and an associate at the China Centre at Oxford University, believes the domestic unemployment issue is a big determining factor in Beijing's thinking. Yuen Yuen Ang, a political scientist and an expert on China and emerging economies at the University of Michigan, says it's all a symptom of President Xi's and Donald Trump's insecurities at home. And Ian Bremmer the President of the risk consultancy the Eurasia Group, says despite the Chinese always having been thought of long term, strategic thinkers they are now not even thinking six months ahead.(Picture: Cargo containers with US and China flags hoisted by crane hooks clash with each other; Credit: cybrain/Getty Images)

Jul 8, 202018 min

How brands are born

What's the secret to coming up with a brand name? Elizabeth Hotson goes on a mission to create a new line of mushy peas - also known as Yorkshire caviar. With their low fat, high fibre, vegan credentials, mushy peas should be a winner with health conscious millennials, but a great name is still essential to success. We negotiate legal minefields with Kate Swaine, head of the UK trademarks, brands and designs team at law firm Gowling WLG, and get some valuable branding insights from Simon Manchipp and Laura Hussey at design agency SomeOne.Eric Yorkston, associate professor of marketing at the Neeley School of Business at Texas Christian University, tells us why analysing the sounds of words can make or break a brand.Producer: Elizabeth Hotson(Picture: Queen Pea branding by Simon Manchipp of SomeOne)

Jul 7, 202017 min

Africa's tech entrepreneurs

Coronavirus has brought new opportunities to Africa's tech sector, despite the devastating blow it has delivered to economies around the world.Tamasin Ford speaks to one of Forbes Africa’s 50 most powerful women, Rebecca Enonchong, the founder and CEO of AppsTech, a global provider of digital solutions. Claud Hutchful, chief executive of Dream Oval, a technology firm in Accra, Ghana, tells us about payments app Slydepay. Plus we hear from Moses Acquah, chief technology officer of GreenTec Capital Partners, an investment firm that supports African entrepreneurs. He’s also the founder of the networking organisation, Afrolynk.(Picture: Woman using a tablet; Credit: Getty Images)

Jul 6, 202017 min

Business Weekly

Big brands are turning away from Facebook over its so-called toxic content - so how will the social network cope? That’s the big question we’ll be asking on Business Weekly. We’ll also be investigating the changing face of make-up as Kim Kardashian West sells a stake in her cosmetics business to the beauty giant Coty. We’ll hear why traditional make-up brands are struggling to keep up with companies born in the age of social media and influencers. Our correspondent in France heads to the sparkling shores of Brittany to see whether businesses there are ready for summer tourists - and we have an interview with the film director, Gurinder Chadha. Presented by Lucy Burton.

Jul 4, 202049 min

Nollywood under lockdown

Coronavirus has brought one of the most prolific film industries to a virtual standstill. Nollywood, Nigeria’s film industry, is the third largest in the world after Hollywood and India’s Bollywood. Chijioke Uwaegbute from the entertainment desk at Price Waterhouse Coopers Nigeria explains the financial impact of the virus on Nollywood. Moses Babatope, co-founder of Filmhouse, the biggest cinema chain in West Africa, says that with all his cinemas closed, he’s having to pay furlough money out of his own pocket. Plus actress and screenwriter Alexendra Amon tells us that she has had projects cancelled. And we’ll also hear from Obi Emelonye on using smartphones to overcome restriction during the pandemic.(Image: Nollywood films at a market in Lagos. Picture credit: CRISTINA ALDEHUELA/AFP via Getty Images)

Jul 3, 202017 min

US states resist second lockdown

Coronavirus cases have been rising in two dozen states over the last 14 days. Of these, Texas, Florida, Arizona and California have emerged as the country's latest virus epicentres. And yet governors in many of these states are resisting efforts to close down economic and social activity, or a “second lockdown".Republican strategist Chris Ingram in Tampa, Florida, explains to Business Daily's Ed Butler the thinking behind allowing most Americans, apart from the most vulnerable, to get back to normal life. But some Floridians are not waiting for directions from the government. Ed Boas, owner of Lanes clothing store, describes the precautions he’s taking on his own initiative.Meanwhile Dr Cheryl Holder, at the Herbert Wertheim College of Medicine at Florida International University, says that while the state is better-equipped to deal with a second wave, she’s concerned many young people think themselves invulnerable. And Wendell Potter, former health insurance broker turned whistle-blower, explains how the US healthcare system is leaving tens of millions of people untreated, potentially worsening the public health crisis.(Picture: A pamphlet on how to stay safe from COVID-19 being distributed in Miami, Florida; Credit: Chandan Khanna/AFP via Getty Images)

Jul 2, 202018 min

Brands boycott Facebook

Will the Stop Hate for Profit campaign change the social network's handling of "toxic" content? Big names like Ford, Starbucks and Unilever are pulling ads from Facebook starting this month. Ed Butler speaks to some of the companies involved: Damien Huang, president of outdoor clothing company Eddie Bauer, Mary Ellen Muckerman from tech firm Mozilla, and Ryan Gellert from Patagonia. As the campaign appears to gather momentum, how much will it hurt Facebook's business? Jordan Bucknell, founder and CEO of Upbeat Agency, a facebook and Instagram advertising agency, describes the draw of the platform for many small businesses. And Steven Levy, author of the book Facebook: The Inside Story, explains why the real pressure for change could come from Facebook's own workforce.Producer: Edwin Lane(Photo: Stop Hate for Profit campaign displayed on a smartphone, Credit: EPA)

Jul 1, 202018 min

Rethinking the future

The 2020s will be transformational for humanity, according to the tech prophet founders of RethinkX,Tony Seba and James Arbib talk to Justin Rowlatt about their prediction that a confluence of new technologies - in energy, transportation, and food and materials production - could wipe out poverty and solve climate change in the next 10-15 years, and usher in a new "Age of Freedom" for our species.But while it sounds utopian, they also warn in their new book Rethinking Humanity that it could pose huge civilizational challenges for a planet that still clings to outdated concepts such as democracy, capitalism and the nation state.Producer: Laurence Knight(Picture: Global communications Planet Earth graphic; Credit: metmorworks/Getty Images)

Jun 30, 202018 min

The billionaire and the pandemic

Mohamed Mansour is a household name in Egypt. The billionaire head of the multinational conglomerate Mansour Group has been involved in business and politics in Egypt and abroad for decades, as the BBC’s Mohamed El Aassar explains. Mansour himself sat down to speak with Manuela Saragosa about globalisation, the long-term impact of coronavirus and donating to the UK conservative party.(Picture: Mohamed Mansour. Picture credit: Mansour Group.)

Jun 29, 202017 min

Business Weekly

On Business Weekly we’ll be asking why the boss is often the least skilled person in the room? Are incompetent people put into middle management to get them out of the way - or are they just more confident than their more proficient peers? We’ll also be looking at the future of meat and asking whether china will turns its back on pork and embrace plant-based alternatives. And we’ll hear from the pilots who have swapped aviation for empathy.Presented by Lucy Burton, produced by Benjie Guy .

Jun 26, 202049 min

Does the WTO have a future?

With current World Trade Organization Director-General Roberto Azevêdo due to leave his post later in the year, the race is on for a new DG. Abdel Hamid Mamdouh, a former diplomat and candidate for the top job, tells Manuela Saragosa how he imagines the WTO of the future, while the BBC’s Andrew Walker explains how US opposition under President Trump to a global multilateral trading system is putting the organisation’s future in doubt. (Picture: A shipping freighter with cargo containers. Picture credit: Getty Images)

Jun 26, 202017 min

Why your boss is incompetent

Why is it that the boss never seems to know what they’re doing? The famous “Dilbert principle” asserts that companies promote incompetent employees into middle management to get them out of the way. But Professor David Dunning, co-creator of the competing “Dunning–Kruger effect”, says there’s more to it than that, specifically that the more incompetent a person is, the more confident they can be. Meanwhile, Kelly Shue, Professor of Finance at Yale, says an even simpler idea, the “Peter Principle” helps to explain why people get promoted beyond their level of competence. And entrepreneur Heather McGregor explains why the incompetence of a former boss led her to buy her own company (Picture: Getty Images)

Jun 25, 202017 min

Can we guarantee a job for everyone?

One of the long-run impacts of the coronavirus pandemic is dramatically worsened unemployment around the world, with millions of people suddenly unable to support themselves and their families. Aside from the obvious financial implications, Dr Stephen Blumenthal, a clinical psychologist in the UK tells Ed Butler about the tremendous impact this could have on mental health and human life. Meanwhile, some economists are discussing whether societies could, or indeed should, make sure everyone who wants a job can have one. Economist Pavlina Tcherneva lays out “The Case for a Job Guarantee.”(Picture credit: An unemployment line in Chile. Picture credit: Getty Images.)

Jun 24, 202017 min

Lifting the lockdowns

Ever since governments first began trying to contain the coronavirus pandemic, economists and pundits around the world have debated the apparent trade-off between protecting public health, and minimising the economic harm that the containment measure would likely cause.But is the whole idea of health versus wealth wrongheaded? We hear from Jo Michell, associate professor in economics at the Bristol Business School, and from Laurence Boone, chief economist at the Organisation for Economic Cooperation and Development. Meanwhile, businesses and workers around the UK are holding their breath for the end of lockdown, as the BBC’s Joshua Thorpe has been finding out.(Picture: Woman reopening her small business after Covid-19; Credit: FatCamera/Getty Images)

Jun 23, 202017 min

Will China embrace fake meat?

In today's programme, Elizabeth Hotson asks how supply chain issues in China’s pork industry could help home grown meat alternatives go mainstream. As pork prices rise and China looks to new forms of protein, we hear from David Yeung from Green Monday, the company behind popular mock-pork product, OmniPork. A rival for the synthetic pork crown, Vince Lu from Zhenmeat, tells us why he has high hopes that his meat free tenderloin will corner the hot pot market and Matilda Ho, founder of Bits x Bites, a food tech VC fund, explains why she's investing in the alternative protein market. We also hear from Bruce Friedrich, co-founder of the Good Food Institute which promotes plant-based alternatives to animal protein. And Shaun Rein, Managing Director of the China Market Research Group asks whether the sales match the hype.Picture: Soup dumplings with OmniPork filling via OmniPork

Jun 22, 202017 min

Business Weekly

On Business Weekly we ask how international businesses based in Hong Kong are reacting to China’s new security laws. It is finally illegal to discriminate against LGBTQ people in the workplace in the United States, so, we hear from the man who took his case all the way to the Supreme Court. As the World Bank predicts that remittances will fall by 20% this year, we look at how that will affect communities in the developing world and speak to expat workers who send their wages home. Two big food companies are re-branding products that adhere to racial stereotypes - we consider the importance of this. Presented by Lucy Burton.

Jun 20, 202049 min

#BLM: Are brands cashing in?

Companies are pledging support and money to the Black Lives Matter movement, and an end to systemic racism. Do they mean it?Ed Butler asks Pepper Miller, a market researcher who has campaigned for over 20 years for companies to realise the value of African-American consumers.One business that already has a long history of supporting black equality and other social justice movements is the ice cream brand Ben & Jerry's. But the company is based in Vermont, the second whitest state in America. Ed asks activism manager Chris Miller whether the firm's purported values are also reflected in their own personnel decisions.It's a pertinent question, according to Scott Galloway, professor of marketing at the NYU Stern School of Business. With the shift in demographics and purchasing power towards young educated liberal urban workers, and the increased scrutiny of company behaviour in the Google era, he says American businesses see commercial opportunity in taking a much more overt position on US politics than we have seen in the past.(Picture: Ben & Jerry's Justice Remixed ice cream brand ice cream tub; Credit: Ben & Jerry's)

Jun 19, 202017 min

Hong Kong's last gasp?

China's plan to impose its new so-called security law in Hong Kong may flout the territories legal independence. Some say it may jeopardise Hong Kong's status as Asia's largest financial hub. Hedge fund manager Edward Chin tells Ed Butler that the new law will mean an end to the principle of "one country, two systems" and may lead to companies leaving the territory. Victor Shih, an expert in Chinese banking and finance based at the University of San Diego, says it could have a much more detrimental effect on China's banking system and the country's access to the world's financial markets. But James Crabtree from the Lee Kuan Yew School of Public Policy in Singapore, thinks Beijing has taken a cool headed decision and is willing to sacrifice some business for the sake of political stability.(Picture: A Hong Kong anti-government protester raises a hand; Credit: Anna Wang/Reuters)

Jun 18, 202017 min

China's debt relief for Africa

China has been one of the biggest financiers of infrastructure projects in Africa, but many African economies have been hit hard by the Covid 19 pandemic. So will China prove to be a generous and understanding creditor? Can it even afford to be?In the edition of the programme we hear from Zhengli Huang, a freelance researcher in Nairobi, on what’s likely to happen to Chinese-financed projects in Africa. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies, looks at what sort of debt relief China can realistically offer; and Ben Cavender, managing director of the China Market Research Group in Shanghai, talks about whether China could cope with the economic hit of many countries suddenly defaulting on their debt repayments.Presented by Manuela Saragosa. Produced by Joshua Thorpe.(Picture: Woman serving Chinese tea in a traditional tea ceremony; Credit: Creative-Family/Getty Images)

Jun 17, 202017 min

How batteries are powering ahead

Tesla's Elon Musk plans to make some big announcements about batteries that could transform cars, electricity and the fight against climate change.Justin Rowlatt gets the inside scoop from Seth Weinbaum, journalist at the electric vehicles news-site Electrek. Meanwhile, battery chemist Paul Shearing of University College London and the Faraday Institution explains how lithium-ion batteries made the smartphone possible, and are now set to revolutionise transport.But electrifying the world's one billion road vehicles is no small task, not to mention building even bigger batteries to stabilise renewable energy sources on our electricity grids. Where on earth will all the lithium come from? Justin speaks to another American tech entrepreneur who thinks he has the answer - Teague Egan of start-up EnergyX.Producer: Laurence Knight(Picture: Battery charging icons; Credit: Iuliia Kanivets/Getty Images)

Jun 16, 202017 min

A conversation with Dr Ngozi Okonjo-Iweala

The Nigerian economist and former World Bank managing director talks about Africa, Covid-19, boardroom diversity, and her hopes to lead the World Trade Organisation.She is one of several candidates vying for the position, after the current managing director unexpectedly resigned a year early. But at a time when trade is suffering from the ravages of a sceptical Trump administration and a pandemic, is the job something of a poisoned chalice? And what would it mean for an African woman to take over?The former Nigerian finance minister now holds multiple jobs - on the boards of Twitter, Standard Chartered Bank, and the Global Alliance for Vaccines and Immunization. They give her a unique perspective on many of the challenges now facing the planet. But Manuela Saragosa asks her whether she thinks the pool of Africans invited to these top positions needs to be widened.Correction: During the programme, the departing head of the WTO Roberto Azevedo is erroneously referred to as Mexican. Mr Azevedo is actually from Brazil.(Picture: Dr Ngozi Okonjo-Iweala; Credit: Lucas Jackson/Reuters)

Jun 15, 202017 min

Business Weekly

Business Weekly continues the conversation around race and racism sparked by the death of George Floyd. We’ll be asking whether African Americans should be paid reparations for their ancestors' enslavement. We’ll hear from Bob Johnson, the founder of Black Entertainment Television. Mae Jamison, the first woman of colour in space, gives us her thoughts on how today’s protesters differ from those in the 1960s when she was a young girl in Chicago. Plus, the Coronavirus pandemic has changed the way that a lot of us work, so we’ll be asking whether office buildings ever be the same again. Presented by Lucy Burton.

Jun 13, 202049 min

Greece: Will the tourists come?

As Greece prepares to reopen its beaches, tavernas and ancient monuments for the summer season, the country is anxious that few tourists will turn up, and those that do could bring the coronavirus back with them.Manuela Saragosa asks tourism minister Harry Theoharis whether his country is being reckless in opening up so quickly, having so successfully contained the virus within its own borders.Meanwhile Florian Schmitz reports from the island of Thassos, where many restaurants and cafes may not bother opening for the season as the demands of social distancing and the expected paucity of customers make it hardly worth the effort.Plus travel writer Simon Calder discusses how the coronavirus is likely to transform the character of tourism this season, and perhaps in the long-term too.(Picture: Empty sun chairs on a sandy Greek beach; Credit: mbbirdy/Getty Images)

Jun 12, 202018 min