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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 1,244 episodes available.
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
December 05, 2022Russian oil price cap and EU embargo come into effectStarting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president has criticised as being too high. Russia has responded by saying it won't sell crude to customers abiding by the cap. This Monday also sees an EU embargo on maritime deliveries of Russian crude oil come into force. Also in the show, we take a look at the EU's response to the US Inflation Reduction Act....more7minPlay
December 01, 2022Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of user funds. Also in the show, we take a look at the struggles facing Venezuela's oil industry, even as US energy giant Chevron resumes some operations in the country....more7minPlay
FAQs about Business:How many episodes does Business have?The podcast currently has 1,244 episodes available.