Business

By FRANCE 24 English

A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.

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FAQs about Business:

How many episodes does Business have?

The podcast currently has 2,429 episodes available.

Business episodes:

May 13, 2020 Covid-19: UK economy sees biggest quarterly slump since 2008
The UK economy shrank by 2 percent in the first three months of 2020, the worst slump since the financial crisis of 2008. The contraction was smaller than in other European countries, largely due to the British government imposing lockdown measures later than its neighbours. Also today, Amazon France has extended a shutdown of its warehouses until May 18, over a safety dispute with unions. The online retail giant had closed its six French depots on April 16, after a court ruled it could only ship "essential goods".
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5min
May 12, 2020 Covid-19: French economic activity plunges in April, but shows improvement on March
New figures from the French central bank show the slump in economic activity in April was less dramatic than in March. Overall, activity fell by 27 percent last month, compared to a 32 percent drop the month before. Bank of France governor François Villeroy de Galhau warned that the lockdown would knock six points off France's GDP in 2020, and that further economic damage was likely. Also today, low-cost airline Ryanair has announced plans to restore 40 percent of its flights by July.
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3min
May 12, 2020 The cost of confinement: How France's economy is emerging from lockdown
Eight weeks of lockdown took a heavy toll on France’s economy, which contracted sharply and plunged into recession. Many businesses across the country are beginning to re-open as the confinement period officially ends on Monday - but the government is still planning substantial financial support. It has unveiled €110 billion worth of stimulus in recent weeks, including a partial unemployment scheme that's paying the salaries of 12.2 million French workers. That will be wound down - but slowly, to avoid further shock.
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4min
May 07, 2020 Air France warns of job cuts as Covid-19 losses mount
Air France-KLM's Chief Executive Ben Smith has said he will begin discussions with unions in June over cutting jobs at the airline group. The company reported net losses of €1.8 billion in the first three months of the year and said it would operate only 20 percent of its flights between July and September. Also today, the Bank of England has warned of the worst recession on record for the UK economy this year, with GDP expected to shrink by 14 percent.
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5min
May 06, 2020 Disney takes $1.4 billion profit hit over Covid-19 lockdowns
The Walt Disney Company has said its profits in the first three months of the year are $1.4 billion lower because of the coronavirus lockdowns in many parts of the world. The company saw a particular slump in income from its theme parks, which have been shut down due to the virus spreading. Also today: more bad news in the travel industry, as the home rental giant Airbnb cuts 25 percent of its workforce. Our Business Editor Stephen Carroll tells us more.
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5min
April 30, 2020 France officially enters recession after worst ever growth slump
The French economy has officially fallen into recession, after a record contraction of 5.8 percent in the first three months of the year. The drop in quarterly economic output is the worst since records began in 1949. The national statistics agency Insee also reported that consumer spending plunged by almost 18 percent in March, while business investment and output from the construction and manufacturing industries also fell. The pandemic has hit economies across Europe, with new figures showing the eurozone registered a record drop in growth of 3.8 percent in the first quarter.
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4min
April 30, 2020 US GDP falls 4.8% as Covid-19 lockdown weighs on growth
The US economy has contracted at its fastest pace in over a decade, due to the coronavirus pandemic and lockdown. The 4.8 percent drop in the first quarter of 2020 was steeper than most economists had predicted and the sharpest slowdown since the financial crisis in 2008. Also on the show: the aviation sector is in focus, as Boeing announces thousands of job cuts and Airbus scales back production. Global air traffic has been cut in half as the pandemic drags on.
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4min
April 29, 2020 Covid-19: Airbus CEO warns of 'gravest crisis' for aerospace industry
The boss of Airbus, Guillaume Faury, has said the Covid-19 pandemic represents "the gravest crisis the aerospace industry has ever known", as the company reported a slump in revenues and losses of €481 million in the first three months of 2020. Air travel has almost completely stopped due to the coronavirus, and uncertainty over when it will restart means Airbus is unable to provide guidance on how its business will perform for the rest of the year. Also today, the French government is beefing up its supervision of non-EU companies buying stakes in French firms.
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4min
April 28, 2020 Covid-19: HSBC profits slump as bank sets aside billions for bad loans
Pre-tax profits at Europe's largest bank HSBC slumped by 48 percent in the first three months of 2020, as the lender felt the impact of the Covid-19 pandemic on its business. The bank has set aside $3 billion to cover losses from unpaid loans, 417 percent higher than the same period last year. Also today, US oil prices slumped again in early trading after an investment fund sold all its short-term contracts to buy crude. A plunge in demand for oil due to lockdown measures has resulted in a massive glut of supply in the market.
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4min
April 24, 2020 US jobless claims top 26 million as lockdown continues
Some 4.4 million Americans filed for unemployment benefits last week. It brings the jobless total since the coronavirus lockdown began to a record-breaking 26.4 million. Many economists believe layoffs may have peaked, although state unemployment offices say they're still overwhelmed with new applications. Also, France cracks down on companies applying for state aid, saying they can't be based in tax havens or issue dividends. Air France's CEO has said he won't take his annual bonus, with the carrier on course for €10 billion in emergency support from the French and Dutch governments.
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4min

FAQs about Business:

How many episodes does Business have?

The podcast currently has 2,429 episodes available.

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