The Global Story

The Global Story

By BBC World Service

Where the world and America meet, with episodes each weekday. The world is changing. Decisions made in the US and by the second Trump administration are accelerating that change. But they are also

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Best of The Global Story

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  1. Number 1: Is the world giving up on the US dollar?

    America’s national debt recently hit a new milestone of $40 trillion. It is estimated that interest payments on the national debt are now the second largest expense in the US government budget, trailing only social security. How was the US able to borrow so much and for so long? One answer, according Harvard economist Kenneth Rogoff, is the US dollar’s status as the world’s reserve currency. In this episode, Rogoff, former chief economist at the International Monetary Fund, explains how the US dollar came to enjoy this hegemonic status, what being the world’s reserve currency actually means in practice, and why he believes the dollar is now in decline. (Photo: An Asian-American man passes by the passes by the National Debt Clock in New York City, US, 19 August, 2026. It is a digital display screen that shows the National Debt figures 39, 393, 882, 535, 284 against a background of dollar notes. Credit: Brendan McDermid/Reuters) Producer: Valerio Esposito, Aron Keller and Lucy Pawle Executive producer: James Shield Sound engineer: Travis Evans Senior news editor: China Collins

    28min
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  2. Number 2: Is the AI backlash actually a Chinese psy-op?

    Accusations of foreign interference have been making headlines this week. Elon Musk’s X alleges that China has been stirring up a backlash against American data centres. Israel and Russia have denied allegations from Spain’s prime minister that they’re partly to blame for the migrant crisis in Ceuta. And Germany has accused Russia of being behind a spate of drone attacks at a German airport. Vladimir Putin has dismissed those claims and accused Germany of a ‘false flag’ operation. We speak to the BBC’s social media investigations correspondent, Marianna Spring, to examine the evidence – and ask whether foreign interference is really to blame in every case, or if it is just a convenient scapegoat. Producers: Sam Chantarasak and Lucy Pawle Digital producer: Charlie Firth Mix: Travis Evans Editor: James Shield Senior news editor: China Collins Photo: A drone view shows construction underway on Microsoft's ATL11 data center in Union City, Georgia, US. Credit: Brian Snyder/Reuters.

    27min
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  3. Number 3: Trump 'tightens the noose' on Iran. Will it backfire?

    There have been a lot of sanctions programmes against Iran. But this week US Treasury Secretary Scott Bessent announced Operation Economic Outcast, which promises to go further than ever before. It will punish not just Iran but any country helping Iran - including China. It is the Trump administration’s latest attempt to end the war. Will it work? We speak to Vali Nasr, professor of international affairs and Middle East studies at Johns Hopkins University, and ask whether in trying to end one war, President Trump risks starting a global trade conflict. (Photo: US Treasury Secretary Scott Bessent speaks during a press conference to outline further sanctions against Iran, at the Treasury Department in Washington, DC, 24 August, 2026. He has short, mousy-grey hair and is wearing glasses, with the American flag behind him. Credit: Evelyn Hockstein/Reuters) Producers: Mhairi MacKenzie and Lucy Pawle Sound engineer: Travis Evans Editor: James Shield Senior news editor: China Collins

    27min
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  4. Number 4: Inside Afghanistan’s secret schools for girls

    Five years after the withdrawal of US troops from Afghanistan, the Taliban’s near-total crackdown on the rights of women and girls has made the country ‘a global outlier with no parallel in the modern world’, according to the United Nations. The Taliban governed for five years in the late 1990s before the US invasion. Now, as Afghanistan reaches the same milestone with the Taliban’s second stint in power, how is the international community engaging with them this time around? We speak to the BBC’s chief international correspondent, Lyse Doucet, who has reported on the country for decades. She recounts her recent trip to Afghanistan and her conversations with senior Taliban ministers, as well as women and girls trying to challenge their repression. Producers: Hannah Moore and Sam Chantarasak Executive producer: Martine Powers Mix: Travis Evans Senior news editor: China Collins Photo: An Afghan burqa-clad woman walks along a road at Kolcha Abad village in the Dand district of Kandahar on June 16, 2026. Credit: Sanaullah Seiam/AFP via Getty Images.

    27min
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  5. Number 5: Canada’s Mark Carney fights back

    What are the costs of standing up to your biggest trading partner? Canada recently walked away from trade talks with the US hours before Trump's deadline to impose major tariffs on Canadian goods. Prime Minister Mark Carney struck a defiant tone, acknowledging that Canada was now locked in a trade war with the US. "You're at war when you're attacked,” Carney told reporters, “we got attacked". He also announced retaliatory tariffs, pledging to match US tariffs, "dollar for dollar". Carney's tough stance is popular at home, but will it come at a price? We speak to Jayme Poisson, host of the CBC podcast Front Burner, about whether Carney is taking a big political gamble by standing up to Trump’s tariffs – and why many Canadians feel confident they can withstand a trade war with their southern neighbour. (Photo: Canada’s Prime Minister Mark Carney speaks holds press conference after suspending trade negotiations with the US, in Ottawa, Canada August 22, 2026. Credit: Chris Tanouye/Reuters) Listen to Front Burner: link.mgln.ai/jvyxQW Producers: Aron Keller and Xandra Ellin Executive producer: Martine Powers Sound engineer: Travis Evans Senior news editor: China Collins

    28min
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