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Russian President Vladimir Putin acknowledges that Ukrainian attacks and sanctions are affecting his country’s economy, while insisting there have been no critical consequences. In this special episode, we examine the economic pressures created by Russia’s war in Ukraine, and look at how the conflict has transformed the drone industry, with Ukraine planning to produce millions of drones this year. (Photo: A firefighter works at a burnt-out hypermarket following an overnight Ukrainian drone strike, in the course of the Russia-Ukraine conflict in Donetsk, a Russian-controlled city of Ukraine, August 16, 2026. Credit: REUTERS/Alexander Ermochenko)

Long: Meteorologists warn a developing El Niño could be the strongest in living memory, with scientists saying next year could become the hottest on record. We look at what that could mean for businesses and global trade as low rainfall forces the Panama Canal to restrict shipping. Also, Premier League clubs spend billions on new players despite new financial rules. And how a low-budget animated film became an unlikely box-office hit in China. (Photo: Panama Canal Authority limits daily ship traffic due to El Nino drought, Panama City - 20 Aug 2026. Credit: EPA/Shutterstock

What could new sanctions mean for Iran's economy and its trading partners? Meanwhile, President Trump announces plans for a 50% tariff on Canadian vehicles from 2027. Also, Singapore announces a $55,000 incentive aimed at encouraging people to have more children. And China showcases its growing humanoid robot industry. Presenter: Bisi Adebayo Producer: Niamh Mc Dermott

US government debt has topped $40 trillion for the first time, raising fresh questions about America’s finances and the cost of borrowing. We also look at a new trade deal between Switzerland and China. And the workplace behaviours most likely to land employees in trouble with their bosses. (Photo:A screen displays the total U.S. National Debt, which surpassed $40 trillion for the first time according to the Treasury Department, in New York City, U.S., August 19, 2026. Credit: REUTERS/Brendan McDermid)

The head of the US Federal Reserve, Kevin Warsh, says policymakers "have work to do" if they are not confident cost-of-living pressures are easing for Americans. Policy makers from 10 nations neighbouring the Baltic Sea have been meeting today to discuss hybrid attacks on their countries. Earlier this month Leipzig Airport in Germany was shut after drones targeted planes. And a group of more than 80 performers have written to the British Prime Minister urging his government to take action over companies using Artificial Intelligence to clone their voices.
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