World Business Report

There's confusion today surrounding a claim by a notorious hacking group that they have accessed personal details of more than half-a-billion people who use the US website Ticketmaster – but is it true?Two months after the collapse of the Francis Scott Key Bridge cut off the port of Baltimore, transportation businesses are counting the days until it can reopen. Plus David Harper finds out how Thailand is trying to encourage Digital Nomads to travel there to work. Finally, we explore whether having a famous resident can be a blessing or a curse for your town?

Provisional reports say that Temperatures have reached fifty-two degrees centigrade in the Indian capital, Delhi, as an intense heatwave sweeps across the north and west of the country. Rahul Tandon looks at how it’s affecting the lives of people there - and the economy.The price of heavily subsidised bread in Egypt is to quadruple from June. The BBC’s Sally Nibil explains just how significant the news is and why the subsidy is such an important source of government support for the less well off. Unionised workers of Samsung Electronics in Seoul are to strike next week in what will be the first-ever strike in the tech giant’s five decades of history - we look at the reason why.

Record breaking heat in northern India as temperatures hit 52 degrees.It's election day in South Africa and it's a crucial vote because the ANC could lose its majority for the first time since 1994 so could this call have a lot to do with the country's economy?Find out why Union workers at Samsung Electronics say they're going to hold the first ever strike since the company was founded over five decades ago... And one billionaire is making waves as he plans to travel down to the Titanic wreck in a submersible. Yes, we've got questions too…

We speak to the founder of Argentina's top start-up about the country's tech scene as its president, Javier Milei, meets with the CEOs of Google, OpenAI, Meta and Apple. Elsewhere, Rahul Tandon looks into what the latest disruption in the Red Sea means, and he looks ahead to the South African elections.

In Sri Lanka, tea pickers have received a pay rise mandated by the Government, and, a BBC investigation reveals child labour in beauty industry supply chain.Also, Sam Fenwick discovers whether new EU border controls will improve security, or lead to travel chaos?Plus, a discussion on the challenges of running a small business in South Africa – is it worth the investment?

South Africa's economy is under the spotlight, ahead of the elections there this week. The vote could see the ruling party ANC win less than 50% for the first time in its history. Elsewhere, Rahul Tandon looks at the AI battle heating up, with Elon Musk's new company raising $6 billion. And he goes inside the disruption facing business in Iceland, amid rising volcanic activity.

Africa's wrestling with a $1.2tn debt, while global interest rates are at a 40-year high. This week’s African Development Bank summit is focusing on this debt crisis. What solutions are on the horizon, and how are businesses coping? Elsewhere, Sam Fenwick is looking at the global cost of shipping containers. They are on the rise again this month causing European retailers to order now to make sure stuff arrives in time for Christmas.The latest business and finance news from around the world, on the BBC.

Eli Lilly announced investing another $5.3 billion in a manufacturing plant in Lebanon, Indiana. It will help company to expand the supply of its highly popular weight loss drug Zepbound, diabetes treatment Mounjaro and other medicines in its pipeline. How will it affect the local economy? Devina Gupta finds out why electricity prices are gone up in Texas and how the National Collegiate Athletic Association (NCAA), which governs university sports in the US, has reached a deal that could lead to college athletes getting paid.

We take a look at the Ukrainian economy as G7 leaders meet to discuss how to finance the recovery of the war-torn nation. Elsewhere, Rahul Tandon explores the key issues at stake ahead of South Africa's election next week, and looks at the new deal that could lead to U.S college athletes finally getting paid.

US regulators have sued Live Nation, accusing the entertainment giant of using illegal tactics to maintain a monopoly over the live music industry. The lawsuit from the Department of Justice said the firm's practices had kept out competitors, and led to higher ticket prices and worse service for customers.Also, Devina Gupta finds out how Russian president Vladimir Putin could use US property in the country to compensate for frozen Russian assets. And why one of Australia’s biggest banks, the Commonwealth, is predicting the country will become cashless by 2026.

Germany's post-Covid recovery has not gone as planned, according to a damning new report by the country's commerce chamber.Elsewhere, Roger Hearing looks at news reports that the US is planning to sue Ticketmaster-owner Live Nation over anti-competitive practices. And we look inside the first state visit by an African leader to the US in over 15 years.

UK's Prime Minister Rishi Sunak has defended his political and economic record in the wake of some relatively positive inflation numbers. So, is this the right moment for a General Election? Find out how Brazil's farmers are adapting to climate change. While Ugandan farmers are adapting to elephants trespassing from South Sudan.

UK inflation hit its lowest in 3 years, but was still hotter than analysts expected. In this special episode, we record live from a Manchester food hall to talk to businesses and their customers about the price changes they're seeing. they're seeing. We also speak to experts about what this means for central bank rate cuts, and how the UK is faring compared to major global economies.

As EU countries adopt a plan to use profits from frozen Russian assets for Ukraine defences and rebuilding, Ed Butler, looks at how the scheme might work and whether the idea risks undermining the rule of law. Hollywood actress Scarlett Johansson is taking legal advice after a new version of the AI bot, Chat GPT, was released with a voice she claims is eerily similar to her own - how can AI seek to develop while staying on the right right side of copyright laws? And, Red Lobster, was once one of the world's largest seafood chains but as it files for Chapter 11 bankruptcy, how did the once successful seafood franchise end up in such deep water?

European Union’s landmark rules on artificial intelligence will enter into force next month The AI Act imposes strict transparency obligations on high-risk AI systems while such requirements for general-purpose AI models will be lighter.

growing speculation over who will eventually replace President Raisi begins as Iran enters 5 days of mourning.Plus, could Saudi Arabia’s largest aviation deal signal a snub to Boeing?Also, the ship that destroyed the bridge in Baltimore back in March is finally on the move.And we have a special look at the economies of Latin America with our reporter Gideon Long.

Taiwan's newly inaugurated president William Lai has called on China to stop threatening the island and accept the existence of its democracy.But Taiwan’s relationship with China is not the only thing that William Lai has to tackle. there are a number of economic challenges ahead of him like rising property prices and encouraging young Taiwanese people to stay and work in the country instead of heading to other prosperous Asian cities.

Shareholders of plane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun - the highest ever agreed by the company - at its AGM on Friday. Mr Calhoun was also re-elected to stay on the troubled company’s board.Cubans are enduring some of their bleakest economic times since the Cold War – amid worsening inflation, a scarcity of basic goods and a decades-long US economic embargo. The BBC’s Correspondent, Will Grant, looks at how the situation has impacted on one of Cuba’s most quintessential industries – sugar – to see how tough the situation has become.

China's real estate industry is facing major financial problems, leaving many empty or half-finished unused buildings. One of China’s largest real-estate companies, Country Garden of the verge of liquidation. Also, Roger Hearing finds out what's happening with businesses in New Caledonia. And we hear how the economic growth in India affecting people's life.

Two months after a container ship crash saw the collapse of a road bridge in Baltimore, killing six workers, Rahul Tandon speaks to the Executive Director of the Baltimore International Seafarers’ Centre about why staff on the ship are still stuck aboard.As the Dow Jones hits a record high we look at how a strong stock market is helping some to retire earlier than expected and on the day that Singapore Airlines announces staff bonuses worth nearly eight months' salary we look at how they came to receive such a generous payout.