World Business Report

World Business Report

By BBC World Service

The latest business and finance news from around the world, on the BBC.

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Best of World Business Report

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  1. Number 1: Fifty years of Wallace & Gromit, Shaun the Sheep and Friends

    It is birthday celebrations for Aardman Animations. The award-winning British studio behind Wallace and Gromit and Shaun the Sheep celebrates 50 years since it was founded in the UK. And we head over to the US as their latest figures shows they added more jobs than expected but wages are still falling behind inflation. While in Canada, job losses are hitting their retail and finance sectors. We hear from businesses across the two countries about the challenges they are facing. (Photo: Aardman characters Wallace and Gromit. Credit: PA) Presenter: Andrew Peach Producer: Barbara George Editor: Stephen Ryan

    29min
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  2. Number 2: Global shipping threatened by Houthi military advances

    The Houthis now control the vital Red Sea waterway including the key shipping lane through the Bab al-Mandab Strait. We hear from maritime and security experts. As oil prices hit an unprecedented six dollars per barrel in the U.S., we go to South Dakota and Massachusetts to speak to American business owners about the impact of higher prices and lower wages. And on the twenty fifth anniversary of 9/11, the Speaker of the New York City Council tells us about how her city fought back, but also about the environmental consequences of the attack. (Image Credit: EPA/Shutterstock)

    26min
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  3. Number 3: Thousands to be laid off as Europe's car industry suffers

    Europe's carmakers are facing challenges from every direction. With Jaguar Land Rover announcing 4,000 job cuts worldwide and Volkswagen's plans to cut 50,000 jobs, we look at why some of the industry's biggest names are feeling the strain. And how much of this is being driven by the changing market in China? The boss of the biggest UK headquartered tech firm, chip design company Arm Holdings, has said that AI will find a cure for cancer that humans can not in our lifetimes; he also thinks that AI will lead to the widespread manufacture of humanoid robots in the next five years. And we look at why the European Union is betting big on Greenland. (Image Credit: EPA/Shutterstock)

    27min
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  4. Number 4: Volkswagen cuts 50,000 more jobs

    The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of the biggest restructuring in the group's history. It brings the total number of roles the carmaker - which includes Audi, Porsche, Skoda as well as the VW brand - plans to shed by 2030 to 100,000, after announcing in March that it would cut 50,000 roles. Kenya's President William Ruto has told one of India’s major chemical companies, Tata Chemicals, to “pack up and leave”. The president says the company has not delivered enough benefits for Kenya, accusing it of exporting soda ash rather than processing more of the mineral locally. And British studio Aardman Animations, creator of Wallace and Gromit, Shaun the Sheep and many other well-loved characters, is celebrating 50 years since it was founded in Bristol by childhood friends Peter Lord and David Sproxton. Since then, its films have brought in more than $1.1 billion at the global box office and won four Academy Awards. Presenter: Bisi Adebayo Producers: Huma Shah & Guy Kilty

    9min
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  5. Number 5: UK bans trade with Israeli West Bank settlements

    The UK has announced new measures targeting Israeli settlements in the occupied West Bank, including a ban on trade with settlement businesses. The move follows a joint declaration supported by 12 countries, amid concerns over the expansion of settlements. Israel has responded by announcing the closure of the British consulate in East Jerusalem and imposing entry bans on a number of British officials. Canada is hitting back at the latest US tariffs, imposing duties on around $20 billion of American imports in a dollar-for-dollar response. And thieves have stolen two paintings worth millions from a museum dedicated to impressionist painter Pierre-Auguste Renoir. (Photo: Jamal Awad / Reuters)

    27min
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