World Business Report

The price of oil has gone back above $100 a barrel which could mean higher prices at the pump. It's after attacks on at least one tanker in the Red Sea by Iranian-backed HouthisPlus a shortage of eggs in Myanmar has led to prices soaringand the footballers rewarded for winning the world cup in Tomatoes Presenter: Gideon Long Senior Producer: Naomi Rainey Editor: Justin Bones

Why OpenAI technology 'went rogue'? According to IT giant, some of its most advanced AI models went rogue and hacked a start-up after it lost control of them during a security test. Russia is feeling the economic impact of its war with Ukraine after drone attacks destroyed warehouses belonging to the country's biggest online retailer. We hear from the business owner who lost all her money. And we look at why Japan is urging men to wear shorts to work. (Picture: OpenAI says AI agent exploits vulnerabilities in security test, Berlin, Germany - 22 Jul 2026. Credit: EPA/Shutterstock)

New 25% US tariffs on selected Brazilian imports are raising trade tensions. What impact could they have on Brazil's economy?Also in the programme Malaysia's ambition to become Southeast Asia's next data centre powerhouse. And why a campaign encouraging Japanese office workers to wear shorts is causing controversy. Presenter: Gideon Long Producer: Barbara George Editor: Naomi Rainey.

The US administration is hitting its neighbour Canada with a 50% tariff on imports. Products include wine, cement and even hockey sticks. We speak to Canadian businesses about how they are preparing for the latest round of tariffs.Also, President Trump has promised to help Lebanon "a lot" during a landmark meeting with his Lebanese counterpart in Washington. We hear from a food importer about what it is like doing business in the country.Elsewhere, we check in with a football fan from Curaçao to find out how much a trip to the World Cup cost him.And weight-loss drugs are a multi-billion-dollar industry. We explore why its two biggest players are heading to court.(Photo: Canada's Prime Minister Mark Carney speaks after touring General Dynamics, a defence manufacturing facility, on the day he announced new measures to strengthen Canada's defence capabilities in London, Ontario, Canada, 16 July, 2026. He wears a navy blazer and a white shirt, with a light blue, patterned silk tie. Credit: Carlos Osorio/Reuters)

US President Donald Trump has announced a new 50% tariff on a wide range of goods imported from Canada. We hear from a group representing auto manufacturers.Plus, another blow for Paramount in its bid to take over Warner Brothers And we look at the challenges facing clothes-makers in BangladeshPresenter: Gideon Long Producer: Victoriya Holland Editor: Naomi Rainey

The United Kingdom has its seventh prime minister in just over a decade. Like many leaders the world over, Andy Burnham has vowed to tackle the cost-of-living crisis and revive economic growth. But is it within his gift?And we find out why millions of passengers from outside Europe are finding long queues waiting for them when they land at airports across the continent. Also, as Spain celebrates its historic World Cup victory over Argentina, we drop in on the party in Madrid.PHOTO CREDIT: Jeff Overs/BBC

The UK gets its fourth Prime Minister in just five years - but what can he do for the economy?Russia feels the economic impact of its war with Ukraine after drone attacks hit the country's biggest online retailer. We hear from the business owner who lost all her goods in the fire. And if you're going to Europe on vacation this year - why it might take a little longer to get through the airport.Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Gideon Long

Adidas sponsor finalists Spain and Argentina while Nike sponsor defeated semi-finalists England and France. How big a deal is this in the battle for sports branding dominance?We also hear what football fever in North America did for a local business that sells football shirts.And, Andy Burnham will become the new British prime minister next week but hasn't said much about his economic policies. The BBC's economics editor Faisal Islam goes to Manchester, Burnham's former mayoral constituency to look at his track record there.Plus, the Bayeux Tapestry returns to England after nearly a thousand years and will be displayed in the British Museum. This has been controversial because its priceless and fragile with thousands signing a petition asking for it not to be moved. Culture Editor Katie Razzall tells us how it's being looked after.

A sharp sell-off in AI stocks sweeps across Asia. India joins a select group of countries running hydrogen-powered trains. And Netflix shares fall after its latest outlook disappoints investors. Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Josh Martin

Smoke from wild-fires covers much of North America. Toronto, Chicago and Boston are all under the smoke haze.Indian Government bans its seafarers from going through the Strait of Hormuz.And in Italy, thirty-two people were found guilty in connection with a bridge collapse in Genoa in 2018.

The company TSMC is riding the artificial intelligence investment wave all the way to the bank, as profits surge at the Taiwanese advanced chip manufacturer. Our correspondent in New York City will dig into the latest jobs and spending data - has the city's big summer of events made consumers feel more confident? And we head to Europe's biggest port - Rotterdam - to hear about a court case locals have taken to force the industrial hub to go greener, faster.World Business Express - Finance, economy and business news from BBC journalists around the world.

New York becomes the first US state to impose a moratorium on building large-scale data centres. The measure, announced by New York's Governor Kathy Horchul, applies to all centres using 50MW or more of power and will remain in force for a year. We hear what the moratorium might mean for business. The announcement comes hours after Australia's prime minister Anthony Albanese announces tougher rules for companies wanting to build data centres there.Elsewhere, the removal of a border fence separating southern Spain from the British Overseas Territory of Gibraltar puts an end to border controls that have been in place for 118 years. And our correspondent Anna Holligan looks at Europe's largest freight port in Rotterdam, which is under pressure to be greener.

Chinese GDP growth slowed to 4.3% but success in electric vehicles and EV batteries boosted export earnings. We also head to Gibraltar where citizens and businesses of "The Rock" and Spain cheer the end of passport checks on the frontier border following the post-Brexit agreement between Spain and the UK.World Business Express - Finance, economy and business news from BBC journalists around the world. The stories that matter: World Business Express brings you the essentials on the fast-changing global economy. What forces are driving the markets and industry? Hear unique insight from top CEOs, investors, economic thinkers and small business bosses.

Big banks, big profits...We're looking at the handsome results posted by five big US banks today.We'll also look at threats to wheat exports in both Russia and the United StatesAnd why is American beef so pricey at the moment?(Picture: Close-up of benjamin franklin on scattered one hundred dollar bills. Credit: Getty Images)

US banks see supersized profits as dealmaking streak continues, but will US households feel any richer after inflation data showed gasoline prices at the forecourt eased for drivers. Video conferencing app Zoom has predicted a three-day working week as AI boosts worker productivity...but do bosses agree? And what will the fallout be for Paramount and Warner Brothers after their media mega-deal hit a regulatory roadblock?

Twelve US states sue Paramount Skydance over its planned takeover of Warner Brothers. We hear from California's attorney general Rob Bonta who's leading the charge against that proposed 81 billion dollar Hollywood merger. Plus, South Africa's biggest diamond mine pauses production for two years. Find out why?And what would you pay for a bit of trash from Taylor Swift's wedding?(Picture: California Attorney General Rob Bonta holds a press conference next to the iconic Hollywood sign, in Los Angeles. Credit: Reuters)

One man's trash is another man's treasure, but would you pay $25 for a cube of rubbish collected outside Madison Square Garden where Taylor Swift and Travis Kelce were married? The Strait of Hormuz is effectively closed, with BBC Verify finding that only a handful on vessels crossed the body of water in the last 24 hours after tensions increased between Iran and the US. Also, we head to Delhi were new electric vehicle policies aimed at cleaning the air have been criticised by rickshaw and moped drivers. World Business Express - Finance, economy and business news from BBC journalists around the world.

Tough times for the gaming industry after news of more lay-offs, this time at Microsoft's Xbox gaming division, Will Bain asks developers and designers if it's all doom and gloom, and what challenges like ahead. And authorities are carrying out investigations after a Ryanair passenger was partially sucked out of a Boeing 737 when a cabin window shattered mid-flight, thousands of feet in the air. We speak to an aviation safety expert about what that investigation might look at and what the incident means for the airline industry.

A Ryanair passenger was partially sucked out of a Boeing 737 on a flight from Greece to Germany, after a cabin window shattered. Authorities are investigating the cause.The European low cost carrier Easyjet is set to become part of a bidding war between two US based private equity firms.And a heatwave in central Europe has farmers in Switzerland worried.

Volkswagen, whose 10 brands range from Seat to Porsche, is making sweeping production cuts in Germany. We take a look at the impact this is having on the automotive industry in the country.A row over Peking duck is adding to already tense relations between Brussels and Beijing. The European Commission has opened an investigation into whether Chinese duck meat is being sold in Europe at unfairly low prices. We take a look at the wider dispute.And since the United States imposed a near total fuel blockage on Cuba six months ago, the island's food crisis is deepening.Presenter: Leanna Byrne Producers: Rob Cave, Parisa Qurban, Aleeza Siddiq.

Volkswagen, whose 10 brands range from Seat to Porsche, is making sweeping production cuts in Germany. We take a look at the impact this is having on the automotive industry in the country.A row over Peking duck is adding to already tense relations between Brussels and Beijing. The European Commission has opened an investigation into whether Chinese duck meat is being sold in Europe at unfairly low prices. We take a look at the wider dispute.And since the United States imposed a near total fuel blockage on Cuba six months ago, the island's food crisis is deepening.Presenter: Leanna Byrne Producers: Rob Cave, Parisa Qurban, Aleeza Siddiq.

Energy price rises since US/Israel war with Iran has affected Chinese manufacturers. But retailers in China struggle to raise prices as consumers watch their budgets. Volkswagen's Board is considers move to cut 100,000 jobs in Germany. And we learn about the political philosophy of Manchesterism and how it may soon be seen in No 10 Downing Street.

Pioneering entrepreneur George Johnson has died aged 99. We speak to Valerie Jarrett, American businesswoman, former Senior Advisor to the President of the United States, and chief executive officer of the Obama Foundation. She knew George Johnson throughout his life, and was a close friend.Russia has banned exports of diesel in order to avoid domestic shortages, after a flurry of attacks by Ukrainian drones on the nation's refineries. We take a look at what impact this is having on the country.The US military says it has carried out a second night of airstrikes on coastal targets, we get the reaction from the oil markets.Presenter: Leanna Byrne Producers: Rob Cave, Parisa Qurban, Aleeza Siddiq.(Picture credit: George E. Johnson, founder of Johnson Products Company, during the Harvard University Hutchins Center Honors W.E.B. Du Bois Medal Ceremony on November 4, 2025. / Photo by Erica Denhoff / Icon Sportswire via Getty Images)

Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable.Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz.And the world's biggest professional ESports event gets under way in Paris.

Twenty five days ago SpaceX debuted on the stock market in the largest initial public offering in history, selling US$75bn worth of shares. Now its joined the Nasdaq 100 index of firms including Microsoft, Apple and Nvidia, so why have its shares fallen? We hear from tech investor Eileen Burbridge and financial advisor Jennifer Snyder on why investors might not be feeling reassured. Canada's launching a new national strategy for artificial intelligence called the 'AI for All' plan, setting targets for economic growth, jobs and safeguards as the government looks to strengthen its control over the technology. Leanna Byrne speaks to Jerry McGinn of the Center for Strategic and International Studies (CSIS) on how NATO countries will pay for the biggest rise in defence spending in decades.And China’s robotaxi firms are racing overseas, but will passengers trust cars without drivers? Global business news, with live guests and contributions from Asia, Europe and the USA. (Picture: SpaceX founder and CEO Elon Musk is shown celebrating the company's debut on the Nasdaq market in New York City, New York, USA, on 12 June 2026. Credit: Sarah Yenesel / EPA / Shutterstock.)

Motorists are angry that petrol in India must contain 20% ethanol alchol. Samsung's profits jump on sales of memory chips for AI, but the share price falls. And can China become the global leader in self driving cars?

With Microsoft announcing nearly five thousand job cuts, and XBOX bearing the brunt of the losses, we look at what's changing in the world of gaming and hear from former Xbox executive Peter Moore on how it might affect some of the globe's most popular computer games. Meanwhile, as NATO leaders prepare to haggle in Turkey over defence spending, we get advice from Sweden's former Prime Minister Carl Bindt on how countries balance their budgets against growing security demands. Also on the programme, Andrew Peach discusses the growing concern around political interference in football after FIFA's shock decision to overturn United States forward Folarin Balogun's suspension for a red card offence. And as World Cup games in Mexico come to an end, Mexico City's tourism minister Alejandra Frausto Guerrero talks about the country's hope for a boost in tourism. The latest business and finance news from around the world, on the BBC. (Picture: A teenager holding a controller to play a video game on a Microsoft Xbox One console, in Corfe Mullen, Dorset, UK. Credit: Yui Mok / PA.)

Europe's second biggest low cost airline accepted bid after months of wooing. If the deal goes through, the new owners Clearlake will take the business private.NATO to discuss a proposed Defence, Security and Resilience Bank, aimed at boosting lending to member nations to pay for a ramp up in defence.And US rock band Metallica are funding work apprenticeships as part of their current stadium tour of Europe.

Swift wedding rumours, FIFA World Cup crowds and extreme heat hit New York on America’s birthday weekend. With electricity demand soaring, we hear what is happening on the ground.We are more than halfway through the 2026 World Cup, but ticket resale platforms have been causing problems for some fans, who say their tickets were cancelled at the last minute or never arrived. We hear from fans and experts.Spain is the world’s second-most popular international tourist destination, and travel company research suggests this year could be another strong one for the industry. But not everyone in Spain is happy about the country’s tourism success.Presenter: Vishala Sri-Pathma Producers: Josh Martin and Haider Saleem (Picture: A fan of singer Taylor Swift gives an interview ahead of a reported wedding. Credit: REUTERS/Brendan McDermid)

A big birthday, a big wedding and big temperatures...it's a big weekend in the United States for citizens and business owners. Also, Russia takes more steps to tackle its growing fuel shortages. And why a Japanese mayor is facing criticism for taking maternity leave. Presenter: Bisi Adebayo Producer: Victoriya Holland Editor: Justin Bones

With just 57,000 posts created in June, half the number expected, the US jobs market is showing signs of cooling. We talk to a restaurant owner about why it's getting harder to hire. And the latest on the computer gremlins causing chaos at European airports. We hear from the family of a businessman delayed by 12 hours and a travel expert: Are glitches in the new EU-wide border control system going to spell a summer of misery for non-European travellers? Also, if you were to hold your wedding in Madison Square Garden, how much would it set you back?

Is the US jobs market starting to lose momentum? Also, Europe's new border system is leading to long queues at some airports this summer. And India has told Meta to delay a new WhatsApp feature over fraud concerns. Presenter: Bisi Adebayo Producer: Victoriya Holland Editor: Justin Bones

As Eurozone inflation lowers to 2.8% in June, heads of the US and European central banks have say inflation isn't beaten yet. We look at why top bankers are still worried about inflation and what's actually driving it. Also on the programme we speak to one of the Gulf's oldest oil companies about why the Gulf oil industry will have to build back better to secure supply chains. And as one of California's own becomes a trillionaire, the state prepares to vote on taxing exactly that kind of wealth. PHOTO: REUTERS/Pedro Rocha

The European Union has introduced a customs charge of just over $3 on low value items bought outside of the bloc. We hear from the EU commission MP who explained us why these measures are so important. The US president Donald Trump made more than $1 billion last year, from business dealing in cryptocurrency. And the toxic pufferfish with razor sharp teeth that are invading the waters around Greece, causing a huge problem for the country's fishing industry. Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Naomi Rainey

The Yen has hit a forty year low, despite the Japanese government spending billions on attempts to prop it up. We look at the impact on domestic business and exporters.Also, as sportswear giant Nike reports its full-year results, we speak to a brand expert to find out why the world's biggest sportswear name appears to have lost its way. And as the world's favourite safe haven loses its shine, we ask what falling gold prices can tell us about the health of the global economy. Presenter: Samantha Fenwick Producers: Neil Morrow and Rob Cave

Japan's Yen drops to its weakest level in nearly 40 years. One business owner in Tokyo tells us the company is struggling to hang on.Are further interest rate rises on the way for the Eurozone? We ask a leader at the European Central bank forum.And a new deal for steel as the EU prepares to bring in tighter rules.

Andy Burnham has unveiled his plan to spread economic growth beyond London as he moves closer to becoming Britain’s next prime minister. We ask whether devolution — giving more power to England’s regions — could boost growth, and what it would mean for businesses. Also on the programme, the US Supreme Court blocks President Donald Trump’s attempt to remove a Federal Reserve governor, in a ruling that could shape the future independence of America’s central bank. We also ask why Comcast has decided to split its business while rivals are getting bigger, and we hear how the FIFA World Cup is already boosting spending in US host cities. (Image: REUTERS/Temilade Adelaja)

South Korea has announced plans to pump in least $880bn to strengthen its semiconductor industry and artificial intelligence capabilities in the coming years.And Comcast prepares to spin off NBCUniversal and Sky in a major media shake-up.

New Yorkers breathed a sigh of relief at the news of a rent-price freeze for a million apartments. In a recent win for Mayor Zohran Mamdani, a housing board approved his pledge to prevent leases from going up and we hear about what this means for both the landlords and tenants. Our market expert also explains the potential pros and cons of this. And, as Europe's heatwave persists with temperatures reaching highs of 40C, we find out whether the region's infrastructure is prepared for this kind of weather, and what we can learn from other countries with naturally warmer climates. We also speak with a dairy farmer on how this has affected their business.

Asia is bearing the brunt of the latest technology stock sell-off, as concerns that the excitement around artificial intelligence may have pushed prices too high.The late arrival of India's monsoon and below-average rainfall are causing concern for the country's 300 billion dollar agriculture sector.And King Charles’s property management firm, the Crown Estate, has made a profit of more than £1bn for the third year running.

FIFA is blocking logos from brands like Levi's, Heinz, and Beats at the World Cup. We find out why, and how the banned brands are turning the ban into a viral marketing moment.Micron Technology has overtaken Meta, Tesla, and Apple in market valuation, but most people have never heard of it. So what does this chipmaker actually do, and how much is it cashing in on the AI boom? The International Maritime Organization has "temporarily" paused its sailor evacuation plan in the Strait of Hormuz after a cargo ship was attacked. So what does this mean for the 11,000 seafarers still stranded?Plus, can Toy Story help Disney's new CEO get the magic back?Presenter: Leanna Byrne Producers: Rob Cave and Niamh Mc Dermott

Tourism is taking a hit as an intense heatwave grips Europe. Several countries have issued red weather alerts as temperatures soar. We hear from tourists and a tour guide sweating it out in Paris.Oil prices have fallen to their lowest point since the war began. But when will consumers feel it? Around the world, gamers are bracing to spend $80 on Grand Theft Auto VI.And we speak to the COO of Patreon on why the creator economy is booming and who's actually making money from it?Presenter: Leanna Byrne Producers: Rob Cave and Niamh Mc Dermott

Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat.Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine.And prices for Grand Theft Auto 6 have been revealed.

Record June temperatures have been recorded in several countries, with highs of 44C. As the continent swelters, workers struggle in the heat.Power failure in Russian occupied Crimea after more overnight drone raids by Ukraine.And prices for Grand Theft Auto 6 have been revealed.

Farmers across Europe are trying to protect their crops as an intense heatwave grips the continent. Several countries have issued red weather alerts as temperatures soar.Meanwhile, an operation is under way to evacuate thousands of seafarers stranded in the Strait of Hormuz.Why have fuel sales to the public been suspended in Russian occupied Crimea?We also look at how trade between the UK and the EU has evolved a decade after BrexitAnd what's going on with Space-X shares now?Presenter: Leanna Byrne Producers: Rob Cave and Niamh Mc Dermott

Ukrainian drone attacks are causing fuel headaches for Russian motorists. Fuel purchases are restricted in much of Russia, with petrol pumps running dry in occupied Crimea. Tech stocks around the world have fallen sharply, led by Elon Musk's rocket and AI firm SpaceX.And it's exactly ten years since the United Kingdom voted to exit the European Union.

Sir Keir Starmer says he will step down as Labour leader and UK prime minister. What does the political uncertainty mean for the British economy? Cape Verde has become one of the stories of the FIFA World Cup - what impact is the tournament having on its economy? And Alan Greenspan, the longtime chair of the US Federal Reserve, has died aged 100. We’ll hear from the former Bank of England governor, Mervyn King, on Greenspan’s impact on the American economy. Presenter: Andrew Peach Producer: Rob Cave and Haider Saleem

Keir Starmer announces he is stepping down as Britain's Prime Minister, triggering a Labour leadership contest at a crucial moment for the UK economy. We hear from Rain Newton-Smith, CEO of CBI on what businesses will be looking for next. Plus, how SK Hynix overtook Samsung to become South Korea's most valuable company, and a look back at the life and legacy of former US Federal Reserve Chair Alan Greenspan, who has died aged 100. Presenter: Bisi Adebayo Producer: Amber Mehmood (Image: Andrew Matthews/PA Wire)

The World Cup hydration breaks are giving players the chance to cool off, but we look at why this is an advantage for advertisers. Venice is now charging day-trippers up to $11 to enter the city in the latest efforts to tackle over tourism, we take a look at what impact this will have on local businesses. And the Toy Story 5 film is out today, we take a look at why the film's franchise has been a huge success for over three decades. Presenter: Vishala Sri-Pathma Producer: Barbara George and Parisa Qurban

IPO aims to raise $4 billion for Jio Platforms hopes, the telecom unit of billionaire Mukesh Ambani's Reliance. Is the UK economy 6% smaller as a result of voting for Brexit in 2016? And Iran says ships won't be charged for passing through the Strait of Hormuz during the 60 days peace negotiations period.