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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 1,086 episodes available.
January 04, 2023French inflation stabilises, but food and energy costs remain highFrance's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45 percent. Also in the show: UK Prime Minister Rishi Sunak vows to tackle inflation and the recession, and Facebook's parent company Meta faces a €390 million fine in Ireland....more5minPlay
January 04, 2023FTX founder Sam Bankman-Fried pleads not guilty to fraud chargesThe founder and former CEO of the cryptocurrency exchange FTX appeared in a New York court for an arraignment hearing on Tuesday. Sam Bankman-Fried's lawyers maintained his innocence amid accusations he misappropriated customer and investor funds. The trial is set for October 2 and Bankman-Fried could still change his plea. Also in the show, Microsoft recognises its first ever labour union in the US. Plus, the French government's plans for pension reform are met with united opposition from trade unions....more6minPlay
January 03, 2023Tesla makes record deliveries in 2022, but falls short of expectationsThe electric car maker Tesla has been hit hard by supply chain issues linked to China's zero-Covid policy and is now facing a slump in consumer demand. Despite Tesla making record deliveries in 2022, the figures fell short of Wall Street expectations. The group's share price plunged 65 percent last year, as investors were concerned that CEO Elon Musk was too distracted by his acquisition of Twitter. Also in the show, France's prime minister says raising the retirement age to 65 is negotiable ahead of pension reform talks with unions. We end by looking at the business of hiring "virtual" people in China....more6minPlay
January 02, 2023Third of world could be in recession in 2023, IMF chief warnsKristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with half of its members seeing declines in growth. Also in this edition, Croatia bids farewell to the kuna and joins the eurozone. Plus, we look at Japan's incentives to entice families to leave Tokyo for smaller towns....more7minPlay
December 15, 2022Federal Reserve slows pace of rate hikes, vows to fight on against inflationThe US central bank has raised its benchmark rate to its highest level in 15 years, although at a slower clip than previously. Federal Reserve Chair Jerome Powell argues that while inflation has dipped, it is still too high to warrant a change in monetary policy. Also on the show, the US Senate unanimously passes a bill that would ban federal employees from using TikTok on their work phones or devices over data security fears. Finally, James Cameron's "Avatar: The Way of Water" is set for a blockbuster opening weekend in the US....more6minPlay
December 13, 2022Sam Bankman-Fried, founder of failed crypto exchange FTX, arrested in BahamasSam Bankman-Fried, the disgraced head of once-leading cryptocurrency trading platform FTX, is to be extradited to the US after being arrested in the Bahamas. US prosecutors have yet to unseal the indictment against 30-year-old Bankman-Fried, who became a billionaire during the cryptocurrrency boom. In this edition, we take a closer look at the downfall of FTX, how Bankman-Fried ended up in the crosshairs of investigators and ask what's next for the wider crypto sector....more7minPlay
December 12, 2022Japanese start-up ispace Inc., the company spearheading the Moon economyIn its first space mission, Japanese company ispace Inc. has built the lander that is carrying the United Arab Emirates' Moon rover, as well as other payloads for government agencies from the US, Canada and Japan. Created over a decade ago, it could be the first private company to land on the Moon's surface. Also in the show, the UK prepares for a winter of industrial action, starting with postal workers....more7minPlay
December 09, 2022US sues to block Microsoft's takeover of Activision in blow to big techThe US Federal Trade Commission has filed a formal complaint to stop Microsoft's $69 billion dollar acquisition of video game studio Activision. Also in the show: China and Saudi Arabia sign $30 billion in new contracts, and we see how Italy's pasta sector is under strain from high energy prices....more7minPlay
December 08, 2022Former Theranos executive sentenced to 13 years in prison for fraudRamesh "Sunny" Balwani, the right-hand man and ex-boyfriend of company founder Elizabeth Holmes, is planning to appeal an almost 13-year prison sentence for fraud. Prosecutors argued he played an essential role in defrauding investors of $900 million. Theranos falsely claimed it could run blood tests with a single prick of a finger. Also in the show, we look at two complaints filed against TikTok by the US state of Indiana, and at the South Korean government's crackdown on an ongoing trucker strike....more7minPlay
December 07, 2022Trump Organization convicted of tax fraud in New York courtAs Donald Trump eyes a return to the White House, a jury has found the Trump Organization guilty of 17 counts of tax fraud. The company paid less in tax by compensating executives with "off the books" perks such as luxury apartments. In addition to a fine, the Trump Organization will find it harder to get access to financing. Also, we take a look at protests against corruption and inflation in Mongolia. Finally, we discover the Japanese spider robots that could help with the upkeep of the country's ageing sewage system....more7minPlay
FAQs about Business:How many episodes does Business have?The podcast currently has 1,086 episodes available.