
Business Daily
2,034 episodes — Page 32 of 41
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.
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)
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)
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)
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)
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)
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.
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)
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)
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)
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)
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.)
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 .
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)
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)
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.)
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)
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
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.
#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)
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)
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)
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)
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)
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.
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)
Russia's covid crisis
Russia is ending its lockdown as officials congratulate citizens on a shared victory. But with infection rates still sky-high, some say it's premature, and that it's more to do with politics than the best interests of the nation. What's at stake for Russia and its strongman, Vladimir Putin? On this edition of the programme, we hear from Dmitry Nechaev who runs a bicycle workshop in Moscow on his fears for the future. Economist Sergei Guriev talks about the economic impact of the pandemic on Russia's economy and the country's small businesses; and Catherine Belton, author of Putin's People, explains the political fallout of Vladimir Putin's handling of the crisis.(Image: A commuter in a face masks on a Moscow Underground train. Credit: Getty Images).
Reparations for African-Americans
This is an old idea gaining new currency amidst the latest Black Lives Matter protests. Should billions of dollars in damages now be paid to descendents of African-American slaves for the sins of the past. How would this happen? Why? And would modern white America ever agree to it? One man who's long thought so is Bob Johnson, founder of Black Entertainment Television and RLJ technologies and who became the first US African-American billionaire in the 1990s. Ed Butler also speaks to Professor William Darity, an economist of Public Policy at Duke University. He's written a book on the reparations idea, "From Here to Equality". He also hears from Caitlin Rosenthal, an historian at the University of Berkeley who has studied this era, and the enormous economic boon that slavery brought to the emerging industrial superpower, the United States of America. (Photo credit: Getty Images)
Bill Gates: the ‘voodoo doll’ of Covid conspiracies
Why are there so many conspiracy theories swirling in the online world about billionaire philanthropist Bill Gates? Jane Wakefield explores why people might seek conspiracy theories, and asks if they are just part of the online rumour-mill, or can cause actual harm. Jane hears from Rory Smith from fact-checkers First Draft News, from Marianna Spring from the BBC’s anti-disinformation team, and from Professor Joseph Usinski, who argues that these kinds of theories have always been a part of life, and most die away naturally. But Rory Smith and Bill Gates himself warn that they could harm vaccine uptake, and are more than a bit of online fun. Photo of Bill Gates, photo credit AFP/Getty
Offices and cities after coronavirus
Does commuting into the office have a future? Manuela Saragosa speaks to Mike Hampson, chief executive of Bishopsgate Financial, which has permanently closed its office in London's financial district in favour of home working. Luke Philpott from the commerical property agents DeVono Cresa describes the steep drop in demand for office space during the lockdown, while Tom Carroll from the commercial property company JLL argues that the office still has a crucial role to play in company life. And urbanist Richard Florida from the University of Toronto explains why cities will continue to be vital centres of business and innovation, despite the impact of the virus.(Photo: The skyline of London's financial district, Credit: Getty Images)
Business Weekly
Protests over the death of George Floyd have swept across the United States. On Business Weekly we ask what companies should be doing to help in the fight for racial equality. We hear from the National Black Chamber of Commerce and the National Retail federation in the US. Plus we get the point of view of a shop owner in Minneapolis who’s premises was destroyed by in the rioting after George Floyd’s death. This is happening against a backdrop of pandemic - we’ll find out why different US states are taking such radically different steps to defeat the coronavirus. Plus after weeks of lockdown in France bars and cafe’s have re-opened - but it’s not entirely business as usual. Lucy Burton presents.
The precarious world of sex work
Sex workers, like so many others, have seen their incomes disappear overnight since the start of the pandemic. While in some cities businesses are slowly reopening, the sex trade carries with it a high risk of transmitting the coronavirus. It’s an industry where regulations vary wildly across the globe, but sex workers everywhere are deeply anxious about their future and safety. Vivienne Nunis hears from the Daulatdia brothel in Bangladesh, where women and children have been trapped for months. She also speaks to an escort in Australia who has been forced to take her business online. Plus, Teela Sanders, criminology professor at the University of Leicester, explains how sex workers are facing added challenges accessing healthcare, leading to an innovative solution in Nairobi.(Image: Escort Estelle Lucas. Credit: Estelle Lucas)
Black Lives Matter: What should businesses do?
Large corporations around the world are using their social media accounts and PR machines to announce support for those people protesting in the wake of the George Floyd killing. But are corporate expressions of support mere publicity exercises, and do they crowd out the space for more marginalised voices at times of crisis? Manuela Saragosa asks Dometi Pongo, MTV News Host, how he sees the role of corporate media and broadcasting. Also, what proactive steps could the wider business community take to address systemic racism in their society? John Harmon, Board Member of the National Black Chamber of Commerce, explains what can be learnt from the accumulated experience of black business owners. We'll also hear from Matthew Shay, president of the National Retail Federation, and Jim Segal, whose shop in Minneapolis was destroyed in the rioting after George Floyd was killed by police.Producers: Frey Lindsay, Laurence Knight(Picture: Protestors in Manhattan,June 02, 2020. Picture credit: Getty Images)
Nouriel Roubini: The global economy after coronavirus
Economist Nouriel Roubini predicted the 2008 financial crisis. Now he says a new Cold War could be on the way. The BBC's Karishma Vaswani spoke with him in-depth to find out why. Amongst other reasons, Roubini says America's failure in global leadership on coronavirus, trade tensions and the spat over Huawei and 5G could lead China to flex its muscle on the world stage, and he's not sure the US is up to it this time. At the same time, how much should we worry about one economist's predictions? Manuela Saragosa and Karishma discuss.(Picture: Dr. Nouriel Roubini. Picture credit: Getty Images.)
Universities face a shortage of students
Students due to start university or college this autum are in the dark over what kind of education they can expect under social distancing measures. Many are choosing to defer their studies, and institutions may miss out on billions of dollars in fees. Student Jorge Beltrao tells us why he's planning to take a gap year instead of beginning his degree, and Zamzam Ibrahim, president of the UK's National Union of Students, explains why he's not alone. Kim Weeden, professor of sociology at Cornell University in the US, explains why college campuses are such a worry when it comes to the spread of viruses. Professor Professor Peter Mathieson, principle and vice-chancellor of the University of Edinburgh in the UK, says students can expect a good education regardless of restrictions. Simon Marginson, professor of higher education at Oxford University explains why a shortfall in international students in particular could hit universities in the English speaking world.(Photo: High school students hold their graduation under social distancing measures in the US, Credit: EPA)
Coronavirus in the Red States
Coronavirus outbreaks continue in various patterns around the United States, even as some state governors press ahead with lifting lockdowns. Particularly in rural states, support for getting back to normal has intensified, as some Americans feel their liberties are being trodden on by an overzealous public health regime. For epidemiologists such as Tara Smith, professor at the Emerging Infections Laboratory at Kent State University, this is a worrying trend as many rural areas are yet to fully experience the impact of coronavirus. And the medical and cultural anthropologist Martha Lincoln of San Francisco State University fears coronavirus strategies may have been consigned to the culture wars that have been raging between the left and right in the US for decades. But Florida political consultant and Republican Chris Ingram says there needs to be a balance in the response to COVID-19 and that some parts of the media and public health authorities have lost perspective.Producer: Frey Lindsay.(Picture: A protester holds a placard during an anti-lockdown protest in Michigan April 18th, 2020. Picture credit: Getty Images.)
Business Weekly
In this episode of Business Weekly we’ll be looking a the idea of covid-19 immunity passports. Could they be a willy wonka-esque golden ticket that frees the owner from lockdown if they’ve had the disease? Some businesses and governments are certainly hopeful. However, the WHO warns that it doesn’t know how much immunity Covid survivors get. We will debate the pros and cons. With Hollywood halted, what will the future of film be after the pandemic? Will we stay happily streaming from our sofas, leaving cinemas obsolete? We’ll also take a look at some of the dubious cures for the Coronavirus that have been advertised on social media. Clearly none of them work, so why are people taken in? And we look back at the life and times of the King of Gambling, Macau’s Stanley Ho, who died this week. Presented by Lucy Burton.
Is coronavirus the EU's defining moment?
The coronavirus epidemic has wreaked economic destruction across Europe but now the European Union has unveiled an ambitious recovery plan. It will involve all 27 member states working together as one like never before with a 750 billion euro plan to help the worst hit countries, funded by collective debt. Is this the defining moment for the EU that some are claiming? Former Italian PM Enrico Letta thinks that it's a turning point for the EU, but Northern neighbours in Sweden and the Netherlands urge caution. MEP Derk Jan Eppink calls it a 'coup', whilst Sweden's European Affairs Minister, Hans Dahlgren insists that money needs to be paid back. Manuela Saragosa presents. (Image: Ursula von der Leyen, Credit: Reuters)
The business case for immunity passports
Antibody testing to see if a patient has had coronavirus is becoming more frequent. Many are putting their hopes into using such tests as the basis for immunity ‘passports’ so people can re-emerge back into society without fear of infecting others. Chile and Estonia have begun work on such systems, and we’ll hear from Taavet Hinrikus, the tech entrepreneur who is helping design Estonia’s system. Individual companies are interested in the idea as well, as John Holland-Kaye, the CEO of Heathrow Airport, explains. Meanwhile, companies such as Onfido are racing to design apps to accommodate such a system, while other businesses are wary of whether immunity passports are the right way to get their staff back to work.(Picture: illustration of a SARS-CoV-2 virion. Picture credit: Getty Images.)
Can 'immunity passports' help us get back to normal?
Countries around the world are working on ways for people to safely get back to normal, people like Pam in Scotland, who is navigating the world of app dating during coronavirus and wondering when, and if, to meet up. One answer is the idea of an immunity passport or certificate: something that shows you have had coronavirus and are now immune. Franz Walt, chief executive of Swiss firm Quotient, says antibody testing is so accurate it could be the basis for such a system. But Professor Robert West at University College London, says we don’t know enough about the illness to guarantee a passport system would work. And Stanford University historian Kathryn Olivarius explains how a 19th century yellow fever outbreak in New Orleans can help us think about it.(Picture: a testing vial. Picture credit: Getty Images.)
The growth of fake coronavirus cures
In today’s programme, we’ll be looking at how fake coronavirus cures are marketed and why people are buying them. We’ll also be asking if social media platforms need to do more to stop the flow of disinformation. Claire Wardle who leads strategy at First Draft News tells us why social media is a fertile ground for spreading rumours and disinformation. Stephen Lea, Emeritus Professor of Psychology at Exeter University tells us why are people paying good money for unproven remedies. Plus, the BBC’s Pumza Fihlani tells us about a supposed herbal remedy being touted by the Madagascan government. (Picture: A bottle of pills, credit: Getty Images).
The Green New Deal goes global
Plans for gigantic government investments to decarbonise the world economy are gaining traction, but they may hinge on the US election results in November.Justin Rowlatt speaks to Spain's deputy prime minister Teresa Ribera about how her government aims to make the country carbon neutral by 2050, as well as a one-trillion-euro EU green recovery plan expected to be unveiled by the European Commission this week.Meanwhile in the US, the signs are that Democrat Joe Biden will adopt a climate change plan similar in scale to the original 1930s New Deal as the central plank of his election campaign, according to Vox journalist David Roberts.But what about the world's biggest carbon emitter, China? Justin asks Li Shuo of Greenpeace East Asia whether President Xi will prioritise green investments as part of his country's coronavirus recovery plan, currently being fleshed out at the National People's Congress. And what difference would the US election outcome make to China's willingness to phase out fossil fuels?Producer: Laurence Knight(Picture: Chinese women hold a hoe and a basket and smile while standing under a solar photovoltaic panel array; Credit: Jenson/Getty Images)
Business Weekly
On Business Weekly we be look at how our employers are going to keep us safe as we cautiously head out of lockdown and back into the workplace. But if our temperatures are taken and our movements recorded, how will they address that sensitive balance between safety and privacy? As soon as we’re back at work we might want a holiday - but will anywhere be open for tourists? We get the view from Spain the second most visited country on the planet. Plus, the food supply chain the the US is in crisis as a result of the Corona virus. We hear from farmers and unions who are worried for the future. And we find out why there’s a new boss at TikTok and hear from the managing director of a puzzle makers who tells us just why this old fashioned game is more popular than ever. Presented by Lucy Burton.
The future of movies after coronavirus
With cinemas closed, will our lockdown streaming habits change the film industry for good? Manuela Saragosa speaks to cinema owner Penn Ketchum about the draw of the big screen, and plans to bring audiences back to theatres. Entertainment consultant Gene Del Vecchio explains why we should expect more films to find their way directly to our living rooms after coronavirus, bypassing cinemas all together. And TV and film producer Brian Udovich describes the shutdown in Hollywood, and the challenges of running a film set under social distancing rules.(Photo: Cinema popcorn, Credit: Getty Images)
Monitoring in the post lockdown office
How much should employers know about their workers as people head back to the office? Companies have a duty of care to make sure their workers are safe, but how much monitoring is reasonable? Is this the end of privacy at work? Manuela Saragosa hears from Dutch privacy and employment lawyer Philip Nabben, as well as Sam Naficy the CEO of Prodoscore which makes software that monitors employee productivity, and Dr Tomas Chamorro-Premuzic, professor of business psychology at University College London.(Image: A security guard checks the temperature of an employee inside an office building in Shanghai. Credit: Getty Images).
Should we keep paying workers to stay at home?
Governments are spending billions paying wages to workers who are no longer able to work due to the coronavirus pandemic. How long can we keep this up? Are we storing up problems by offering this type of unprecedented state-sponsored handout long-term?We hear from an employee in the tourism industry who has been furloughed, a hotel owner in the North of England who has had to furlough most of his staff, as well as Torsten Bell from the Resolution Foundation think tank who originally proposed the scheme in the UK before it was adopted, and Eamonn Butler from the free-market think tank the Adam Smith Institute who argues that the system is open to abuse.(Image: stock photo of a woman reading in the park. Credit: Getty Images.).
Venezuela: 'The world's weakest economy?'
A third of Venezuela's population is at risk of malnutrition, according to the UN and the latest gasoline crisis could weaken the country's economy further. Entire villages are said to have been cut off from food supplies because trucks can't get fuel to deliver to them. That’s the context a crisis which has made Venezuela the world’s weakest emerging economy, according to a recent review by the Economist magazine. Earlier this month the situation became even more volatile when two Americans were caught apparently trying to launch a coup attempt against the government. We hear from Adam Tooze, a professor of history at Columbia University and we get the views of Venezuelan opposition politician Manuela Bolivar. (Picture of a woman wearing a face mask walking next to graffiti reading Don't be a slave of the dollar in Caracas, photo by Federico Parra via Getty Images).
Business Weekly
How do you feed a world in lockdown? We’ll be looking at the pressures on the global food supply chain in this episode of Business Weekly. As many choose to buy more locally produced food we’ll ask whether new habits will stick. Two renowned economists tell us that any governments handing out Coronavirus bailouts must learn the lessons from the financial crisis of 2008 and impose tighter conditions. ABBA’s Bjorn Ulvaeus speaks to us about life in Sweden during the pandemic and gives us his thoughts on fellow countrywoman Greta Thunberg. Plus - has the coronavirus forever changed the workplace as we know it? Lucy Burton presents.
Coal vs coronavirus
Coal has suffered the brunt of the huge slump in electricity demand as the world has gone into lockdown. It has highlighted the fossil fuel's Achilles Heel: When there is too much supply on the grid, it's coal-fired power stations that get switched off, not solar or wind.Justin Rowlatt speaks to the head of the International Energy Agency Fatih Birol, as well as analysts covering the two countries most central to coal's future. Delhi-based Sunil Dahiya says that India is already reckoning with renewable energy that is cheaper 24/7 than the cost of operating its existing coal fleet. Meanwhile Shirley Zhang of energy analysts Wood Mackenzie says that China's plans to build new coal-fired power stations is already baked in.Plus, Business Daily's favourite chemistry professor, Andrea Sella of University College London, explains why coal played such a central role in getting the Industrial Revolution started, with the help of an uncooperative steam engine.Producer: Laurence Knight(Picture: Cooling towers at the decommisioned Willington Power Station in northern England; Credit: Paul Ellis/AFP via Getty Images)
Billionaires and the Pandemic
Some of the world’s richest people have been digging deep during the pandemic, donating their own money to help fight Covid-19. With some of the wealthiest 1% already funding medical research, we ask how comfortable we should be with billionaires taking on an even bigger role in public health. Vivienne Nunis speaks to David Callahan, editor of the website Inside Philanthropy and Rob Reich, Professor of Political Science and co-director of the Center on Philanthropy and Civil Society at Stanford University. Chris Anderson, the head of the ideas-sharing platform, TED, tells us philanthropy needs a shake-up. And, neuroscientist Dr. Christof Koch explains what it’s like to work at a medical research institute funded by private money. (Picture: a charity savings jar. Credit: Getty)