Business Daily

Business Daily

By BBC World ServiceBusiness
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Business Daily episodes

  • Is Facebook bad for democracy?

    How the social media platform is poisoning politics around the world. A former Facebook employee says she has "blood on my hands" after struggling to contain the misinformation and manipulation conducted through the platform.

    Azerbaijani journalist Arzu Geybulla describes the coordinated Facebook campaigns against activists and politicians in her country. Berhan Taye, Africa policy manager at digital rights group Access Now, tells us why Facebook isn't doing enough to prevent the spread of hate speech in Ethiopia. And Siva Vaidhyanathen, author of a book 'Antisocial Media: How Facebook Disconnects Us and Undermines Democracy' explains why Facebook can't stop the spread of toxic content without undermining its business model.

    (Photo: A mobile phone advert featuring Facebook in Myanmar, where Facebook has been blamed for helping spread hate speech. Credit: Getty Images)

    18 min
  • Is it time to rethink the electricity grid?

    Are our century-old grids fit for the era of solar and wind power, or is a completely new kind of electricity transmission needed?

    Justin Rowlatt looks at the mess in California, where President Trump has blamed rolling blackouts on the state's rush to embrace renewable energy. But former regulator Cheryl LaFleur says one big reason is California's poor integration with neighbouring electricity grids. A US government report recommended linking all the nation's grids together, but then the report mysteriously disappeared - investigative journalist Peter Fairley explains why.

    Meanwhile Britain is looking to integrate its own National Grid more closely with the rest of Europe, according to the director of the UK Electricity System Operator Fintan Slye, so that it can handle a glut of new wind power. But why not go one step further and build a global electricity grid? It's a possibility discussed by energy consultant Michael Barnard.

    Producer: Laurence Knight

    (Picture: Stork on an electricity pylon at sunset; Credit: James Warwick/Getty Images)

    19 min
  • Business Weekly: 03/10/2020

    This week saw the rather unedifying spectacle of the first 2020 US presidential debate. Did either of the candidates offer solid policies on the economy or the environment?

    As further investigations shed more light on Donald Trump’s financial affairs we’ll ask why he has been so reluctant to make them public.

    We’ll also find out why Facebook is threatening to ban all news on its Australian sites and ask whether clubbing can survive during a pandemic.

    Business Weekly is presented by Lucy Burton and produced by Joshua Thorpe.

    51 min
  • Trump's taxes

    What can the New York Times' revelations can tell us about the President's financial affairs?

    President Trump paid only $750 in tax federal income taxes in 2016 and 2017, and paid none in 10 of the past 15 years. That's according to an investigation by The New York Times earlier this week. The President says its all fake news. He's for years refused to publish his income tax returns. David Cay Johnstone, an investigative journalist and editor with DCReport.org, says the Times revelations show why he's keeping them hidden.

    Adam Davidson who's written extensively on the President's business ties, says the only way to join up the dots since the death of his father, who was continuously propping up the President's finances, and the end of his lucrative appearances on the reality TV show, The Apprentice, is to work out who's bankrolling Trump's businesses.

    But Dan Alexander, writer for Forbes magazine and author of White House Inc: How Donald Trump turned the Presidency into a Business, says that the President does have more assets than debts but he could come across conflicts of interest when he tries to re-finance these debts.

    (Image: Novelty US dollar bills printed with Donald Trump's image on. Credit: Joel Forrest / Barcroft Media via Getty Images)

    18 min
  • The company that invented the future
    Simulmatics Corporation pioneered data analytics in the 1960s - raising the same qualms then as fake news and social media manipulation do today.
    Manuela Saragosa speaks to historian Jill Lepore, whose book "If Then: How Simulmatics Corporation Invented the Future" charts the company's rise, and its role in helping John F Kennedy get elected US President in 1960.
    At the heart of their work was using mainframe computers - a novelty at the time - to crunch polling, census and electoral data on voters in order to figure out the best targeted messages for their candidate to voice. It foreshadows the far more sophisticated modern use of data to target voters on social media. So what lessons from history are there for us today?
    (Picture: Two men work at a console in a Univac computer room in 1960; Credit: H. Armstrong Roberts/ClassicStock/Getty Images)
    18 min
  • Facebook's face-off in Australia

    Should Facebook and Google pay for news that appears on their platforms? The Australian government thinks so. It’s drafted a law that would force them to pay - and Facebook is now threatening to ban all news from its Australian site. It’s a high stakes stand-off with potential global repercussions.

    Veteran local newspaper publisher Bruce Ellen tells Manuela Saragosa how his business has suffered the past decade as articles are shared online for free. Journalist Zoe Samios of the Sydney Morning Herald says the pushback from Facebook has been especially forceful, while Belinda Barnet of Swinburne University in Melbourne says she thinks they are unlikely to back down.

    But consultant Hal Crawford has little sympathy for the news companies, which he says get a lot more value from social media platforms than vice versa. Plus, Peter Lewis from the Centre for Responsible Technology worries that if Facebook follows through with its threat to remove news altogether from its platform in Australia, what will fill the void?

    (Image: Facebook logo seen displayed on a smartphone with 100 dollar bills in the background. Credit: Igor Golovniov/SOPA Images/LightRocket via Getty Images)

    18 min
  • China to the rescue?

    President Xi Jinping made a big surprise announcement on Tuesday - that China is committing to cut its net carbon emissions to zero by 2060.

    But why has President Xi decided to take such a bold unilateral step? Will China's actions match his words? And how will other countries respond, not least the US?

    To answer these questions, Justin Rowlatt speaks to two people who have been at the top table of international climate diplomacy. Todd Stern was US President Barack Obama's representative in the Paris Agreement negotiations. And Rachel Kyte was an advisor on sustainable development to the United Nations Secretary General.

    Plus, Li Yan of Greenpeace in China explains what to look out for next year in the country's new five-year plan as proof that Beijing is serious about tackling carbon emissions.

    Producer: Laurence Knight

    (Picture: China's President Xi Jinping; Credit: Ed Jones/AFP via Getty Images)

    19 min
  • Business Weekly: 26/09/2020

    What will get the swing states swinging? That’s the question we ask on this edition of Business Weekly as we take an in-depth look at Pennsylvania, Florida, Texas and Ohio. We find out what business leaders, activists and environmentalists in these places want from their new leader and ask whether Donald Trump or Joe Biden can deliver. We hear from Puerto Ricans and Cubans in Florida, young people in Texas and a farmer in Ohio. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.

    50 min
  • London's dirty financial secrets

    How some of the world's biggest banks are helping criminals launder money through the UK capital. The BBC's Andy Verity describes what a major new leak of documents tells us about the flows of dirty money through financial centres. Dr Susan Hawley from the charity Spotlight on Corruption tells us why banks and regulators aren't doing enough to stop it, and Tom Burgis, author of a new book Kleptopia: How Dirty Money is Conquering the World, explains why money laundering is a threat to democracy and freedom.

    (Photo: London's financial district, Credit: Getty Images)

    18 min

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