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Is one of the world's mighty financial centres under threat from the damage done by the UK's departure from the EU? Six weeks after the final Brexit divorce, Katie Martin of the Financial Times explains the short-term impact, and long-term implications. One winner is Amsterdam. Michael Kent, co-founder of Azimo, a digital payments firm, tells us why he's opened an office there. And if the City of London is losing its allure, why are bankers so optimistic? We hear from the boss of Barclays.
Photo: A man wearing a traditional bowler hat looks over at London's financial and business district known as the Square Mile (Credit: Getty).
When shares in the apparently declining games company Gamestop soared almost 2000% in less than a month, the world’s attention was drawn to an army of amateur investors on new mobile trading platforms such as Robinhood. Investment author Ann Logue breaks down what makes these amateur traders different from regular day traders, and we’ll hear from one such amateur on the ups and downs of playing the market. Professional investor Bill Brewster speaks about what responsibilities the new investing apps have in making sure their users are informed both about the risks and how the apps actually work, and Barbara Roper of the Consumer Federation of America suggests where regulation can play a part. We’ll also hear from day trader and YouTuber HumbledTrader, who cautions people from getting into the game without doing their own research.
Producer: Marie Keyworth.
(Image credit: Getty Images.)
Bridging the global digital divide, using satellites in space, is the dream of the world's richest men like Elon Musk of SpaceX and Jeff Bezos of Amazon. They're joined in a new space race to carpet the earth in satellite constellations with national governments, private companies and the recently rescued OneWeb, under the new ownership of the British government and Bharti Enterprises.
We explore the twin crises affecting the shipping industry. First, thousands of seafarers are stranded far from home, unable to travel because of the coronavirus. Add to that congestion at ports across the globe and sky-high freight rates. The result? Unprecedented pressures on an industry that’s usually far from the public eye. We hear from stranded ship-workers and those trying to help them return home. And we speak to the importers and exporters struggling to stay afloat as shipping rates go up and up.
(Image credit: Getty Images.)
As protests continue against the military coup in Myanmar, Business Weekly hears how the army controls the country’s economy. Jeff Bezos has announced that he’s stepping down as Amazon chief executive so he can concentrate on other projects. We think about the good he could he do if he really put his mind - and his money - to it. And it’s a dog’s life - we hear how the trade in lockdown pets is booming. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
Manuela Saragosa speaks with economist Mariana Mazzucato, who argues that America’s Apollo programme, which landed people on the moon in the 1960s, has a lot to teach us about tackling some of the biggest economic challenges on earth today. Mazzucato is calling for a bolder, more visionary and interventionist state which would take on the UN's Sustainable Development Goals, among others. But would that work at a time of declining trust in government institutions and competence? And don't the UN's goals encompass societal challenges that are far more politically complex than Apollo's technological mission?
(Image credit: Getty Images.)
Music streaming services have changed the game. We hear about their impact on artists' income from Tom Gray of the 90s British band Gomez. Plus, Merck Mercuriadis, whose music investment company Hipgnosis is spending billions of dollars buying the copyright to some the biggest music hits of the past 50 years.
(Picture: dollar bills rain down on US pop star Miley Cyrus. Credit: Getty Images.)
Uncertainty continues to mount over this summer's delayed Tokyo Olympic Games, as Japan’s Prime Minister Yoshihide Suga announces he is extending a coronavirus state of emergency in Tokyo and nine other areas through March. Last year's unprecedented postponement was arguably the biggest peacetime decision ever taken in sport. But that would be completely overshadowed by an actual cancellation. Seijiro Takeshita of the University of Shizuoka gives the view from the Japanese business community. Sports sponsorship expert Tim Crow explains how a potential delay would impact sponsorship revenue, while US economist Andrew Zimbalist takes on the larger overall costs to Japan. And we’ll also hear from Olympic medallist Kristian Thomas about what it means for players.
(Image credit: Getty.)
Myanmar's military has announced it has taken control of the country, a decade after agreeing to hand power to a civilian government. Tin Htar Swe OBE, Myanmar analyst and former editor of the BBC Burmese Service, recounts the history leading up to this emergent coup, and where it might lead. Meanwhile, Vasuki Shastry, Associate Fellow at Chatham House's Asia-Pacific Programme, explains how the military have shaped Myanmar's economy and what effect international sanctions might have on their continued hold on it. And Rocco Macchiavello, lead academic with the International Growth Centre Myanmar, explains how, or if, Myanmar can continue its high economic growth seen over the last decade.
Producer: Frey Lindsay.
(Image credit: Getty Images.)
What is Wall Street's role in the surge in Gamestop's share price? It’s been billed as a populist revolt against the financial behemoths of Wall Street: a global gang of small investors driving up the price of Gamestop shares, forcing losses on hedge funds. But is there more to this David versus Goliath story than at first meets the eye? Manuela Saragosa speaks to Alex Patton who trades in his spare time when he’s not at his day job in cybersecurity. She also speaks to former Wall Street professional Alexis Goldstein who now advocates for financial regulation and to Elizabeth Lopatto from the US technology website The Verge.
From the publisher's feed
The daily drama of money and work from the BBC.
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