Business Daily

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)

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).

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.

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)

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.

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?

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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.

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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.)

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.

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)