Business

Disney's upcoming animated adventure film "Strange World" will go straight to Disney+ in France, while it will debut on the big screen elsewhere. The entertainment giant is protesting against the country's strict rules that require theatrically-released films to wait 17 months before going to streaming platforms. But first, European lawmakers take a step closer to meeting the bloc's target of making all new cars emissions-free by 2035, by endorsing a proposed ban on new fuel-powered cars.

Russia's war in Ukraine is derailing the global economy's recovery from the pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its forecast for economic growth, warning of high inflation and a possible food crisis. Also in the show: India's central bank raises interest rates for the second time in less than a month, while Turkey's government refuses to do so, despite spiralling inflation.

Elon Musk's legal team has warned Twitter that the Tesla boss could walk away from a $44 billion deal to buy the social media giant, accusing it of breaching its contractual obligations by not sharing information about how fake accounts are calculated. We take a closer look. Plus, at its annual Worldwide Developers Conference in Palo Alto, Apple launches a redesigned MacBook Air and a MacBook Pro with a new chip that makes them faster and more powerful.

The new German government is making most public transport across the country available until the end of August for a monthly fee of only €9. The move aims to offset inflation and reduce carbon emissions. Our Berlin correspondents Anne Mailliet and Nick Spicer report. Also in this edition, we see how an EU embargo on Russian oil risks backfiring.

French inflation comes in higher than expected at 5.2 percent at May, with consumer prices also on the rise across the continent, driven by skyrocketing food and fuel costs. We take a closer look at how French consumers are looking for discounts in supermarkets. Also, we see how the fashion industry's sustainability efforts continue to fall short.

On the sidelines of the World Economic Forum in Davos, Canada's Industry Minister François-Philippe Champagne has told FRANCE 24 that "all options are on the table" when it comes to sanctions on Russia over its invasion of Ukraine. He also detailed the country’s burgeoning electric vehicle industry, and how it will help secure supply chains.

The 2022 meeting of the World Economic Forum has come to a close, with the war in Ukraine dominating proceedings. German Chancellor Olaf Scholz delivered a blistering attack on Russian leader Vladimir Putin, accusing him of waging a war of "imperialism" in Ukraine and calling for Europe to end its dependence on Russian energy. FRANCE 24's Business Editor Kate Moody looks back at the week's highlights, as well as the question of whether global supply chains are sustainable in the 21st century.

Skyrocketing energy and food prices driven by Russia's invasion of Ukraine risk sending the global economy into a recession, according to the president of the World Bank. We take a look at how economic growth has already slowed in Germany. Also, stock markets try to break out of bear market territory. Finally, US pop star Justin Timberlake sells his song catalogue for $100 million.

As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has told FRANCE 24 that it will be very difficult for Europe to move away from Russian gas because of its over-reliance on the country's supplies over the years.

Our Business Editor Kate Moody has been speaking to the head of the European Bank for Reconstruction and Development (EBRD) at the World Economic Forum in Davos. EBRD head Odile Renaud-Basso explained how the institution, which was already present in Ukraine before the Russian invasion, has been "shifting" its support for Kyiv since February 24. She also expressed concern over the rise in energy and food prices for developing and emerging countries and the looming risk of a "food crisis".