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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.... more
FAQs about Business:How many episodes does Business have?The podcast currently has 1,084 episodes available.
March 29, 2023US accuses Credit Suisse of violating tax evasion dealUS lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse. Also in the show: Vladimir Putin makes the unexpected admission that Western sanctions could have a negative impact on the Russian economy....more5minPlay
March 29, 2023EU members split over nuclear energy inclusion in renewable portfolioAs the European Union is poisedto agree tougher targets to expand renewable energy by 2030, members remain split over whether to recognise nuclear power as a renewable energy source and allow it to contribute towards the EU's goals. Plus, Adidas files and quickly retracts an opposition to the Black Lives Matter global network's trademark application for register the movement's three parallel stripes....more6minPlay
March 28, 2023French prosecutors raid banks in tax fraud caseFive of France's biggest banks are facing scrutiny in an ongoing investigation into possible tax fraud. BNP Paribas and Société Générale were among the lenders whose Paris offices have been raided by French prosecutors. They're accused of helping facilitate tax avoidance related to dividend payments. Also in the show - Chinese tech giant Alibaba is split into six separate units, a day after the public reappearance of its co-founder, Jack Ma....more6minPlay
March 28, 2023US, Japan agree deal on trade in EV battery mineralsThe United States and Japan have agreed a deal on trading in minerals that are key to making electric car batteries. The aim is to bolster EV (electric vehicle) battery supply chains and reduce the countries' reliance on China. The deal will give Japanese carmakers wider access to $7,500 tax breaks under President Joe Biden's Inflation Reduction Act. Plus, Twitter CEO Elon Musk has announced a shake-up of the social media platform's "verified user", or Blue Tick, feature....more6minPlay
March 24, 2023France, Germany face off on EU's 2035 internal combustion car banIn this edition: Germany seeks an "e-fuels" exemption to the EU's ban on the sale of new petrol and diesel cars after 2035, while France pushes for an all-electric transport future. Also, markets drop amid ongoing interest rate hikes and banking turmoil, and US short seller Hindenburg Research targets Jack Dorsey's Block payment firm....more6minPlay
March 22, 2023War-torn Ukraine to receive first loan from IMFThe International Monetary Fund (IMF) and Kyiv have reached a staff-level agreement for a $15.6 billion loan which should be finalised in the coming weeks. The Washington-based lender had previously changed its rules in order to allow loans to countries facing "exceptionally high uncertainty", without naming Ukraine specifically. Also in this bulletin, we see how Germany's solar panel boom is being stifled by a labour shortage. Plus, a new study shows that Scotland's minimum pricing of alcohol may well have saved lives....more7minPlay
March 20, 2023UBS buys Credit Suisse in government-brokered, $3.2 billion all-share dealCredit Suisse, a storied bank established in the 19th century, is in its last days as an independent entity. Switzerland's largest bank UBS has agreed to acquire it in a $3.2 billion all-share deal. The forced takeover was brokered by regulators and the Swiss government, who feared reputational damage to the country's financial sector and wanted to stop the crisis spreading further. We take a closer look....more5minPlay
March 17, 2023First Republic gets $30 billion lifeline from major US banksIn an effort to stave off contagion, 11 of the largest American banks have injected a total of $30 billion into First Republic, a regional bank based in San Francisco that's been struggling amid this week's turmoil in the financial sector. We take a closer look. Meanwhile, the European Central Bank has again raised interest rates by half a percentage point despite worries over stability in the banking sector....more5minPlay
March 16, 2023Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifelineEuropean markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike. Plus, Beijing has reacted furiously to Washington giving TikTok's Chinese owner ByteDance an ultimatum: sell up or face a total ban in the US market....more8minPlay
March 15, 2023Credit Suisse shares plunge amid banking jittersShares of Credit Suisse have plunged to a record low, after its top shareholder declined to increase its stake. The slide has added to market jitters over the state of Europe's banking sector, although it's not directly related to the recent collapse of two American lenders. Also in the show: the UK government outlines its budget, as it tries to protect households and businesses from the ongoing cost-of-living crisis....more6minPlay
FAQs about Business:How many episodes does Business have?The podcast currently has 1,084 episodes available.