We look at why the IMF's predicted economic growth of just 3 percent, the lowest forecast since 1990, could hurt developing nations most. We also take a closer look at Airbus's deal in China, as French President Emmanuel Macron meets his Chinese counterpart Xi Jinping. Finally, we find out why Sean "Diddy" Combs has been paying Sting $5,000 a day, and has been doing so for years.

French President Emmanuel Macron and EU Commission President Ursula Von der Leyen begin a three-day visit to China this Wednesday, with a delegation of more than 50 business leaders in tow. But while there is eagerness to revive ties with a Chinese economy that's opening up again, other geopolitical considerations could get in the way of business. Also in this edition, US healthcare giant Johnson & Johnson proposes a $8.9 billion settlement over allegations that its talcum powder caused cancer.

Disney CEO Bob Iger has criticised Florida governor and Republican presidential hopeful Ron DeSantis as being "anti-business" and "anti-Florida". The comments are part of an ongoing feud between the entertainment giant and DeSantis that started when Disney voiced its opposition to a state law banning education on LGBT issues in schools. Also on the show, we look at oil prices soaring 6 percent on Monday on the back of a surprise supply cut announced by OPEC+. Finally, Britain's King Charles III gets his own stamps.

Britain has clinched a deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and become the trade bloc's first new member since its inauguration in 2018. It's a win for the UK, which had been looking to bolster global trade ties since leaving the European Union. Plus, with the US expected to announce guidance for tax breaks on new electric cars, we take a closer look at the conditions set under the Inflation Reduction Act.

Disney has laid off Isaac ("Ike") Perlmutter, the head of Marvel Entertainment, as part of its cost-cutting plans. The company began cutting 7,000 jobs this week in an effort to reduce $5.5 billion in costs. Also, Portugal scraps VAT on basic food products in a bid to fight inflation. Plus, the man who invented mobile phones half a century ago tells people to take their eyes off their smartphones.

US 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.

As 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.

Five 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.

The 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.

In 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.