The daily drama of money and work from the BBC.
Can the ambitious renewable energy plans of the incoming government overcome domestic nimbyism and Russian gas politics? Ed Butler hears from one member of the new left-liberal-green coalition, Social Democrat MP Jens Zimmermann, about their plans to phase out coal entirely by 2030, and replace 80% of electricity generation with wind and solar. But building new wind turbines already faces substantial red tape and vociferous opposition from bird conservation groups, as industry man Steffen Lackmann explains. Meanwhile, how will the government tackle a more pressing matter - Russian President Vladimir Putin's alleged restriction of gas supplies to Europe this winter in order to force German approval for the new Nord Stream 2 pipeline. Ed speaks to Gustav Gressel, geopolitical analyst at the ECFR think tank, and to Melissa Eddy at the New York Times' Berlin bureau. Plus Yuri Vitrenko, head of Ukraine's gas pipeline company Naftogaz, explains why he fears approval of the pipeline could mean war in his country. (Picture: Leaders of the incoming German government, including Chancellor-elect Olaf Scholz (centre), inadvertently re-enact the opening scene from Reservoir Dogs; Credit: Odd Andersen/AFP via Getty Images)
Authoritarian regimes are working closer than ever to keep each other afloat - with plenty of help from the West's financial system. Ed Butler speaks to Frank Vogl, who helped found the global anti-corruption organisation Transparency International. He claims that the world's kleptocrats are enabled by an army of bankers, lawyers and accountants who are helping them squirrel away their ill-gotten money in Western real estate and investments. And for regimes like those of Belarus, Venezuela or Syria, who find their power contested by their own people and their economies in tatters, there is plenty of support to be found these days from other authoritarians - chief among them Russia and China. That's according to the historian, journalist and author Anne Applebaum. The questions is whether the world's democracies will ever get their act together and do something about it? (Picture: Venezuelan leader Nicolas Maduro (left) embracing Belarus leader Alexander Lukashenko; Credit: Sergei Gapon/AFP via Getty Images)
In Afghanistan, high schools are currently closed to girls, and women have been banned from TV dramas. So how hard is life for the female half of the population, as the Taliban reassert control? Tamasin Ford hears from her colleague Yalda Hakim, who recently returned to the Afghan capital Kabul, the city of her birth, where she quizzed members of the new regime about their intentions for girls' education. Tamasin also speaks to Mahbouba Seraj of the Afghan Women Skills Development Center in Kabul about what life is now like in the city. Meanwhile Marianne O'Grady, who worked in Afghanistan for the charity CARE International until she was evacuated in August, says that with food now running desperately short in the country, there are even more pressing concerns than the treatment of women. (Picture: Afghan girls look out next to a building in Sharan, Afghanistan; Credit: Hector Retamal/AFP via Getty Images)
On Business Weekly, we look at inflation in different countries, and in particular, how price rises are hitting the citizens of Turkey and the United States. We hear how two different presidents are trying two very different ways of getting it under control. We also hear how baristas in Starbucks are trying to unionise and how the coffee shop chain has reacted. Plus, we look at green hydrogen and hear from the producers in Denmark hoping the sustainable fuel will help meet climate change targets. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
Can the minerals needed to decarbonise the global economy be dug up fast enough? And can it be done without the human rights and environmental abuses of the past? Tamasin Ford speaks to KC Michaels of the International Energy Agency says there will need to be a staggering increase in the amount of nickel, lithium, cobalt and rare earths being mined, in order to build all the batteries, wind turbines and solar panels needed. But mining consultant Dr Patience Mpofu says that the mines required can take anything up to 15 years to commission. With many of these critical minerals concentrated in the developing world, the fear is that a rapid increase in global demand may outstrip the supply from the formal mining industry, with the gap filled by much less responsible mining operations. Emmanuel Umpula of the Congo-based NGO African Resources Watch fears a worsening of human rights abuses and pollution from such mines. But Mark Cutifani, chief executive of mining giant Anglo American, says the industry is working hard to ensure better standards of behaviour. (Picture: South African miner; Credit: David Turnley/Corbis/VCG via Getty Images)
Turkey's currency has been in free fall this week, reaching a record low against the US dollar. The Lira's collapse has been sparked, in part, by President Recep Tayyip Erdogan doubling down on his controversial economic policies, such as demanding that the central bank cut interest rates despite rapidly accelerating inflation. Ed Butler explores why President Erdogan is so attached to the policy, at the expense of three central bank governors in the last three years, and asks what impact the currency crisis is having on Turkey's economy. Ed speaks to Gulcin Ozkan, professor of finance at King's College London, economist and former fund manager Mohamed El-Erian, and to a forlorn wealth manager in Istanbul. Producer: Will Bain (Picture: Turkish Lira notes; Credit: Getty Images)
Starbucks workers in Buffalo, New York, are this month balloting to join a union - part of a surprise post-pandemic trend in union activism across America, as retail and hospitality workers find that the tight post-pandemic labour market is giving them more bargaining power with their employers. Ed Butler speaks to Michelle and Jaz - two baristas in Buffalo, New York, who are encouraging their colleagues to organise - and to Richard Bensinger, who hopes to represent them as part of the Workers United union. He reckons this marks a turning point for unions in the US, which have for decades seen thin membership numbers. We also hear from Stephen Delie at the Mackinac Center for Public Policy, a Michigan-based think tank and advocacy group for "right-to-work" laws, which discourage union membership. Unions, he says, take workers' hard-earned money for little or no return. (Picture: Starbucks workers protesting; Credit: Michael Sanabria)
Would you want to live to 150? With leaps in technology, science and medicine, it's becoming an increasingly realistic possibility. Elizabeth Hotson talks to Sergey Young, founder of Longevity Vision Fund and author of The Science and Technology of Growing Young. Sergey tells us why he embarked on a mission to help us live longer. Plus, Dr Michael Hufford from biotechnology company, Lygenesis tells us about organ regeneration technology, which enables a patient's lymph nodes to be used as bioreactors to regrow functioning ectopic organs. We also go on a voyage of discovery into the world of cryonics with Dennis Kowalski, president of the Cryonics Institute in Michigan, where you can have your body frozen and stored until the technology exists to bring you back to life some time in the future. We also hear from Paul Hagen, who's planning to follow his father's footsteps by undergoing the cryonics procedure. (Picture of an energetic older couple via Getty Images)
Texas has introduced the most stringent abortion law in America. Tamasin Ford assesses some of the reaction to this law by employers and employees who have traditionally been attracted to the Lone Star State because of its low taxes and lower house prices. Ashley Lopez, NPR journalist in Austin explains the complexities of the law and how it will disproportionately affect women of colour. Curtis Sparrer, co-founder of PR firm Bospar, explains how his company is offering to help relocate employees who want to move out of the state. And Vivek Bhaskaran, CEO of Austin-based QuestionPro, explains how his company will offer financial assistance to employees who need to get a termination. We also hear from Valerie Veteto, who moved to Texas, attracted by its job prospects and low house prices, but is now preparing for a move to New York. Producer: Nisha Patel (Picture: Protests outside the Supreme Court in the US Credit: Getty Images)
On Business Weekly, we look at the new wave of Covid-19 that's hitting several European countries. We hear how the different take-up rates of vaccinations and booster shots are making things difficult for governments and how some are now resorting to lockdowns just for the unvaccinated. We also hear about the growing incidences of mobile phone spyware, and how unwitting victims are having their every movement tracked by modern day stalkers. Plus, we look at period poverty and sanitary sustainability, as the market for menstruation products widens. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
Happy World Toilet Day! It is that day of the year when we all need to overcome our embarrassment and discuss what is normally a taboo topic. Hundreds of millions of people still have no access to a toilet, putting them at risk of disease, sexual assault and public humiliation. Tamasin Ford speaks to the inventor of World Toilet Day, Jack Sim, about how much has been achieved since he founded his World Toilet Organisation 20 years ago to promote discussion of this topic. We also hear from Catarina de Albuquerque, who served as the first United Nations Special Rapporteur on the right to safe drinking water and sanitation, and made it one of the UN's sustainable development goals. Also, consultant Timeyin Uwejamomere talks about the challenge of introducing proper sanitation in the slums of his native Nigeria. Plus Chilufya Chileshe, policy director at the charity WaterAid, explains how the lack of a toilet leaves women and girls vulnerable to sexual harassment, and interferes with their education. (Photo: An eco-friendly mobile toilet in Johannesburg, South Africa. Credit: Deon Raath/Galo Images/Rapport)
Is it time to stop the freeze of the country's financial assets and donor aid or will that just legitimise the Taliban? Ed Butler speaks to John Sifton, the Asia advocacy director for the campaign group Human Rights Watch, who says the west should ease up on its sanctions to help alleviate the situation. But Alex Zerden, who worked with the US Treasury department in Kabul from 2018 to 2019 and is now a senior fellow at the Centre for New American Security in Washington DC, defends the current US refusal to open the financial taps, says the Taliban itself is primarily responsible for the mess the country's in. Ed also speaks to health worker Karsten Noko from MSF (doctors without borders), who is desperately trying to keep its operations running without properly functioning bank services. And Masuda Sultan, a US-Afghan aid worker, who campaigns for the non-profit Unfreeze Afghanistan, tells him how bad the situation is there. (Picture: Afghan grandmother and her grandchildren, members of one of the Afghan families that put their children up for sale, pose for a photo at their rental home without water and electricity in Afghanistan; Credit: Stringer/Anadolu Agency via Getty Images)
Can this multi-million dollar industry help the climate and fight period poverty? Tamasin Ford speaks to Marisa Meltzer, a writer in New York who recently tried them out. Maria Molland is the CEO of period underwear company, Thinx, who says that sales of their underwear, ranging from $17 to $34 a pair, boomed during the pandemic. Rochelle Burn is the Executive Director of the Environmental charity, Greener Future in Toronto, who focus on litter clean-ups. She says one of the main things they find washing up on the beach is tampon applicators. And Helen Lynn from the Women's Environmental Network, a charity working on issues that connect gender, health and the environment says that the unaffordability of sanitary products as well as the taboos surrounding periods are still a problem. (Picture: Period pants; Credit: Getty Images)
With the number of devices infected with stalkerware - monitoring apps used for cyberstalking through the victim's smartphone or computer - rising by over 60% in a year, many are worried about the consequences. Ivana Davidovic speaks with Maria who, even after managing to leave her abusive husband of 25 years, was still not free from his clutches. Eva Galperin, who founded the global Coalition Against Stalkerware, explains how more training of law enforcement agencies is needed because many victims feel they are being gaslighted when they ask for help. She is also fighting for greater inclusion of stalkeware apps among anti-virus software manufacturers. In October this year, Google pulled several stalkerware adverts for apps that encouraged prospective users to spy on their partners' phone. One of those apps, SpyFone, was banned by the US Federal Trade Commission in September for harvesting and sharing data about people's movements and activities via a hidden device hack. Despite these positive moves, stalkeware apps and advice on how to use them are still easily accessible online. Xena Olsen tells how she became a cybersecurity expert after being a victim of stalkerware by her then fiance - and she offers tips on what to do if you are worried for your own safety. And Rosanna Bellini, from the Clinic to End Tech Abuse, says how sometimes their clients are advised not to immediately remove cyberstalking apps from their phones as that could increase the risk of physical violence. PHOTO: Getty Images
What was really at stake at the COP26 negotiations in Glasgow, and how much have the politicians done to avert a climate disaster? Justin Rowlatt speaks to two researchers on the frontline of the climate crisis. Carrie Lear, professor of earth sciences at Cardiff University, explains why she fears the Antarctic ice sheet could melt far quicker than people assume, inundating coastal cities around the globe. Meanwhile Professor Daniela Schmidt of Bristol University says the chemistry of the world's oceans is changing so fast that it could take marine ecosystems millions of years to recover. Given how high the stakes are, how significant was the progress made in the latest iteration of climate talks? Justin speaks to sustainability expert and veteran climate diplomat Rachel Kyte, dean of the Fletcher School of international affairs at Tufts University in America. (Picture: Globe balanced on the edge of a shelf; Credit: Getty Images)
Why is the black community still so poorly represented in leadership positions? We speak to the changemakers who are doing something about it. Kike Onawinde used to represent Great Britain in the javelin before setting up the Black Young Professionals Network, which is all about connecting ambitious future leaders. Jean-Marc Laouchez is the President of the Management Consultancy firm Korn Ferry Institute in Paris, who says the main reason why things are not changing is because of the established power structure. Abdul Karim Abdullah, is a clinical trial manager for a pharmaceutical company in New York. He founded the culture festival, Afrochella, to celebrate African culture, food, music, art and fashion. Najah Roberts is the founder and CEO of Crypto Blockchain Plug in Los Angeles. It's one of the first African American owned over the counter cryptocurrency exchanges in the US. She says a big problem for African Americans is that they have been prevented us from acquiring wealth and that virtual money could change all of that.(Picture of boardroom meeting. Picture credit: Getty Images).
In Business Weekly, we take a look at the splitting up of a 129-year old behemoth. General Electric announced that it will divide itself into three separate companies. Does this mean the end of conglomerates that span several sectors and make a multitude of diverse products? Also, the former finance minister of Afghanistan tells us that the Taliban takeover was due in no small part to massive corruption within the government. We take a look at the row over the increasing amount of raw sewage that's being allowed to flow into the UK's rivers. Also in the programme – the sale by Elon Musk of some of his shares in Tesla, after asking his Twitter followers whether or not it was a good move. And as the German media giant, Axel Springer, announces plans to force managers to tell HR departments if they start a sexual relationship with a subordinate, we take a look at the difference between American and European corporate cultures. Business Weekly is presented by Matthew Davies and produced by Philippa Goodrich.
Are Hong Kong's days as a major financial centre now numbered? The end of the pandemic has seen renewed economic growth. But some say tough anti-Covid rules and anti-protest laws are undermining what was once Asia's leading financial hub as thousands of people leave the territory. Ed Butler speaks to Edward Shin, a HK hedge fund manager who's now temporarily moved to Canada following the security crackdown. Tara Joseph, President of the American Chamber of Commerce in Hong Kong tells him recruiting foreign workers into the territory is now proving much harder. Vera Yuen, a business lecturer at the University of Hong Kong, says wealth management services for the Chinese are providing big growth for territory. And Mike Bird, the Hong Kong correspondent of the Economist magazine says both the Covid restrictions and the national security law may start to really hurt Hong Kong in the longer term. ( Pic: Sunrise at Victoria Peak,Hong Kong Credit: Jun Chen / Getty)
The former finance minister from the collapsed Afghan government, Khalid Payenda, tells Ed Butler that it was brought down by rampant corruption at a very high level. He served for six months from the beginning of this year and says that by the time US forces left and the Taliban began advancing, most of Afghanistan's supposed 300 thousand troops and police didn't exist. He says phantom personnel were added to official lists so that generals could pocket their wages. Many Afghans feel enraged by the failures of the US-backed government and they say it abandoned them in their hour of need.
Will Africa's economic development be held back for the world's net zero climate targets? And could banning investment in their fossil fuels do more harm than good? Tamasin Ford speaks to NJ Ayuk, the executive chair of the energy industry lobby group, Africa Energy Chamber who says the decision is a disaster for countries in Africa and to W.Gyude Moore, a Senior Policy Fellow at the Centre for Global Development and Liberia's former Minister of Public Works who says Africa can't catch up without fossil fuels. Dr Olumide Abimbola, is the Executive Director of the Africa Policy Research Institute, a Berlin based think tank that works on Africa policy issues. He's in Glasgow for the climate talks and Tamasin asked him whether there's a fear the EU Green deal could restrict goods from Africa. And Adenike Oladosu, one of Nigeria's youth delegates in Glasgow says people in her country do want to go green but it's just not affordable. Pic: Smoke emerging from chimneys Credit: Alexandros Margos/Getty
Sewage entered British waters for around 3 million hours in 2020 in over 400,000 pollution incidents. Hugo Tagholm, chief executive of Surfers Against Sewage tells Tamasin Ford why this is happening. Public pressure for the government and water companies to do something about this is mounting, particularly since it's become known that privately owned water companies in England paid their shareholders almost $80 billion in dividends over the last 30 years. WaterUK represents all of the water and sewage providers across the UK. We hear from their director of policy, Stuart Colville. Is tougher legislation the answer? Sweden faced similar problems with their sewage system more than fifty years ago. Peter Sörngård, an environmental expert at the Swedish Water and Waste Water Association explains how they dealt with it. Producer: Benjie Guy (Picture: a sewage outflow pipe discharges sewage into a river. Credit: BBC.) sewage spewing into British waters went viral on social media. The country's Victorian era sewage systems are struggling to cope. We find out what's being done about it and look to Sweden where they seem to be getting things right.
As global leaders jet out of Glasgow, leaving the hard bargaining to their delegates, Business Weekly looks at what the pledges made so far really mean. Will rich countries be able to support the financial demands made of developing nations to help them transition away from fossil fuels? And what did activists make of Indian Prime Minister, Narendra Modi's promise of reaching net-zero by 2070? Also on the programme, we hear why some people enjoy trophy hunting - and whether it can ever be a useful tool for conservation. And as an inquest names a haul of Anglo-Saxon coins one of the biggest ever found in England, we ask what happens to treasure after it's discovered. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
Central Banks around the world are introducing digital currencies and last month Nigeria became the first African country to launch one - the eNaira. But what is a digital currency and how are Nigerians reacting to theirs? We hear from people on the streets of Abuja. Tamasin Ford speaks to Rakiya Mohammed, director of information security at the Central Bank of Nigeria. Chinwe Egwim, chief economist at Coronation Merchant Bank in Lagos, explains why the eNaira has been introduced and the benefits it could have. Digital currency expert Josh Lipsky of the Atlantic Council puts the launch of the eNaira in the context of the others that are springing up all over the globe. Producer: Benjie Guy. (Picture: the eNaira mobile phone app. Credit: enaira.gov.ng)
Inflation has hardly been seen in the developed world economies for the last three decades. But now some economists are warning it could be returning with a vengeance, because of supply chain problems, post-Covid exuberance, and higher wage demands. What is going on, and should we all be worried? We hear opposing views from Claudia Sahm, former economic adviser to the Federal Reserve and the White House, Steve Hanke of Johns Hopkins University, and Andrew Sentance, senior adviser at Cambridge Econometrics and a former member of the Bank of England's Monetary Policy Committee. Image: Full shopping cart in supermarket aisle (Credit: Getty Images).
Guy Hands, the founder of Terra Firma, opens up on the highs and lows and risks involved in deal making and private equity. From being bullied at school to becoming a household name, buying and selling businesses from cinema chains and pubs to waste management, aircraft leasing and green energy companies. We hear his side of the deal that turned sour, the acquisition of multinational music company EMI in 2007, and how his addiction to doing deals has affected his personal life. Ed Butler is in conversation with Guy Hands about his new book, The Dealmaker. (Image: Guy Hands; image credit: John De Garis)
The future of credit for the young, or just another way of getting into debt? Would you pay for a product now, when you could simply delay payment for free? Ever since the pandemic forced millions of us to stay at home, millions more of us have been buying goods online using a new form of credit. Buy now, pay later offers goods interest free and it's proving very tempting to many younger shoppers. But is it just a new form of debt trap? Ed Butler speaks to Nick Molnar co-founder of Afterpay and Sebastian Siemiatkowski, the cofounder and CEO of Klarna, the Swedish based firm that's now the world's biggest buy now pay later provider. He also hears from Alice Tapper of personal finance forum Go Fund Yourself who says regulation is desperately needed to protect younger consumers. Plus Amber Foucault from the consumer spending analytics company Cardify who says that until global regulation comes in, we should watch out for many younger customers getting into financial trouble using this system. (Picture: "Payment due!" written on a calendar with a bank card on top. Credit: Getty Images.)
As the world focuses its attention on climate, we're looking to the money that could create real change. Venture capital is the type of financing that can take new ideas to the mass market and it's finally looking to fund clean, green tech. First, to understand how start-ups go about seeking VC funding, Vivienne Nunis hears from founder Diedre McGettrick. Gabriel Kra, of the venture capital firm Prelude Ventures, explains the shift he's seen in low-carbon investing. But Silicon Valley attracts the world's sharpest minds, so why aren't more tech leaders coming up with the bright ideas needed to fight climate change? We ask founder-turned-investor, Ben Parr. Producer: Sarah Treanor. Image: Smart farming technology. Credit: Getty Images
As world leaders gather in Glasgow in Scotland for the UN's global climate conference, COP26, we ask if a new project partnering with the private sector will help save the Amazon rainforest, or whether it's simply another way for the corporate sector to pay away its guilt. Plus, we hear from a youth delegate to the last big climate conference in Paris – what is she hoping for this time round? And, can electric freight vessels help global shipping to go green? We hear how a Norwegian company is working on one. We also look at the fight against plastic waste and how the world's recycling systems simply aren't working. And they're big, glamorous and they involve hundreds of people. But are the days of the big Indian wedding over? Business Weekly is produced by Matthew Davies and presented by Tamasin Ford.
Trophy hunting – paying to kill large animals, often in African game reserves – promotes strong feelings. Many oppose it, but some conservationists argue it adds value to wildlife and their habitats. We discuss the arguments and hear from a psychologist about the motivations of people who want to kill animals in the wild. With Doctor Sue Snyman from the School of Wildlife Conservation; Dr Mark Jones who represents the charity Born Free; tourism expert Dr Muchazondida Mkono; and Geoff Beattie, the author of Trophy Hunting: A Psychological Perspective. Vivienne Nunis also gets the view from Richard Leakey, the famous paleoanthropologist and former head of the Kenyan Wildlife Service. Producer: Sarah Treanor. (Photo:: A rhinoceros. Credit: Getty Images)
How does a $200,000 starting salary sound? That's now the industry standard for newly qualified lawyers at big corporate law firms in the US and the UK. But before you sign on the dotted line consider that in exchange for your princely wage packet, 100 working weeks and being on-call 24 hours a day could be part of that deal. So is it all worth it? Elizabeth Hotson speaks to ‘recovering lawyer' Taly Matiteyahu, whilst Christopher Clark, Director of legal head hunting firm, Definitum Search explains why salaries have got so high and Stephen Parkinson, a senior partner at law firm, Kingsley Napley sets out some alternatives to the status quo. Plus, a practising corporate lawyer in New York tells us about his work schedule and Anna Lovett, an Associate Solicitor at law firm Burnetts, tells us about changing attitudes to work. And Charlene Bourliout, an ex-lawyer and burnout consultant offers some strategies for coping with an overwhelming workload. Presented and produced by Elizabeth Hotson Picture description: dollar bills Picture credit: Getty Images
Around one fifth of the world's 2000 largest public firms have committed to net zero targets in the coming years. Most are pledging to something called climate neutrality by a given date. But do these pledges actually make any difference in the flight against climate change? We here both sides of the argument with climate futurist Alex Seffer based in California, and Simon Glynn, the co-lead on Climate and Sustainability, at the UK management consultants, Oliver Wyman. (Image: Cooling towers at a coal fueled power station. Credit: Getty Images).
Fergus Nicoll travels to the port of Workington in the north west of England, where he hears from port manager Sven Richards about how small regional ports can make global haulage more sustainable. Blue Line Logistics run a fleet of low emission barges in Belgium and the Netherlands and have plans to expand to the UK and the US. Fergus speaks to the company's founder, Antoon van Coillie. The BBC's Adrienne Murray has been looking into the research and development going into producing 'green fuel' in Copenhagen. Fergus also hears from Yon Sletten, who is developing the Yara Birkeland, a zero emission, autonomous, electric freighter, currently undergoing final sea tests off the coast of Norway. Also in the programme, the efforts of Green Marine, a group of ship owners, ports and shipyards in North America, that has come together to raise the bar for environmental standards in their industry, as their executive David Bolduc explains. Producer: Russell Newlove. (Picture: aerial view of a container ship surrounded by green sea. Credit: Getty Images.)
The Amazon is the world's largest rainforest but this crucial carbon sink is facing increased deforestation. Land clearing for mining or agriculture has increased under Brazil's president Jair Bolsanaro. But the world needs the Amazon jungle to keep absorbing carbon if more ambitious climate goals are to be met. Is there a place for the private sector to step in where governments have failed? Vivienne Nunis hears from economist Nat Keohane about a new not-for-profit called Emergent. It acts as a kind of middle man, connecting tropical forests with corporations searching for ways to cancel out their emissions. Can it work? Also on the programme, journalist Karla Mendes explains how many Brazilians feel about the Amazon's plight, while Robert Muggah from the Igarapé Institute tells us companies such as Google have stepped up to help with deforestation mapping, when government agencies had their budgets cut. Producer: Sarah Treanor. Image: A toucan in the Amazon rainforest. Credit: Getty Images
As the Swiss bank Credit Suisse is fined $475m for participating in Mozambique's tuna bonds fraud, on Business Weekly we find out how the southern African country was devastated by the scandal. Also, we hear how a decaying oil tanker marooned off the coast of Yemen could trigger a major environmental and humanitarian disaster. The SFO Safer is loaded with hundreds of tons of crude oil - so why is it just being left to rot? Plus, we report from a climate conference in Edinburgh where delegates are being encouraged to come up with new ways to cut carbon emissions, including a innovative and surprising diet for cattle. Business Weekly is presented by Lucy Burton and edited by Matthew Davies.
Are the days of the big fat Indian wedding over? Since Covid Indian weddings have got a lot smaller. But will they go back to what they once were? Rahul Tandon speaks to bride to be Yashaswini Singhdeo, mother of the bride Meenal Singhdeo, Sandip Roy author and columnist, Ambika Gupta wedding planner and owner of the A cube project and Parul Bhandari a sociologist from the Indian centre of social sciences and humanities . (Photo: Indian couple hold hands during a wedding ceremony. Credit: Amir Mukhtar/Getty Images)
The social media giant's algorithm has been accused of amplifying divisive content and disinformation. Could regulating it make Facebook a kinder platform? Ed Butler speaks to the BBC's Silicon Valley correspondent James Clayton about the latest revelations from Facebook whistleblower Frances Haugen, and renewed demands for a crackdown by US lawmakers. Former Facebook data scientist Roddy Lindsay explains how Facebook's alogrithm became the focus of criticism of the platform, and how a change to the law could solve it. Daphne Keller from Stanford's Cyber Policy Center explains the legal minefield when it comes to regulating what social media users can say, and what platforms can promote, online. (Photo: Frances Haugen testifies in Congress in October 2021, Credit: Getty Images)
Decaying oil tanker could trigger an environmental and humanitarian disaster. The FSO Safer is marooned off the coast of Yemen in the Red Sea, close to one of the world's biggest shipping lanes. A massive oil spill or explosion from it could disrupt global trade for months and lead to an environmental and humanitarian catastrophe. It's loaded with hundreds of tons of crude oil, its hull is rusting and it hasn't moved in years. So why isn't anybody doing anything about it? Nominally the Safer is the property of the Saudi-backed Yemeni government. Right now though, both it and its multi-million dollar cargo are controlled by the Houthi rebels in Yemen. UN officials say the Houthis have broken an agreement to allow an inspection of the vessel. The Saudis accuse them of holding the world to ransom over the potential disaster. The Houthis disagree. Ed Butler speaks to Ghiwa Naket, the executive director of Greenpeace for the Middle East and North Africa, to Ben Huynh a researcher at Stanford University, to Hussain Albukhaiti a Yemeni journalist with close links to the Houthi leadership and to Peter Salisbury, senior analyst for Yemen at the International Crisis Group. (Picture description: Maxar Satellite image of the FSO Safer tanker moored off Ras Issa port, in Yemen. Picture credit: Getty Images)
Is the Western diet ready for farmed insects in food? Although insects are consumed by more than two billion people worldwide, acceptance of them in the Western diet is still low, but could that be changing? With climate change, a growing population and an increased demand for protein all putting pressure on our food system, insects offer an interesting and more planet friendly alternative to meat and fish. Malena Sigurgeirsdottir is the co-founder of Hey Planet which has just launched a meat substitute using buffalo beetle powder (that's the lesser mealworm or Alphitobius Diaperinus), in Denmark, Germany and Sweden. She tells us how great insects taste, especially when they're ground up. Professor Matan Shelomi, from National Taiwan University, Department of Entomology outlines how farming insects can have a much lower carbon foot-print than farming animals. Meanwhile in the UK, Kieran Olivares Whittaker has received millions of dollars in funding for his Entocycle project, researching the optimum way to farm black soldier fly larvae to feed fish and poultry instead of using soy and fishmeal which causes deforestation and overfishing. And we meet Aly Moore of Bugible who makes a living from eating and promoting bugs as a source of protein. Produced and presented by Clare Williamson. (Image credit: HeyPlanet burger; Credit: Hey-Planet.com)
We report from the Countdown summit in Edinburgh where fresh ideas to fight climate change are taking centre stage ahead of the UN climate talks, starting in Glasgow later this month. Vivienne Nunis hears from the business leaders and scientists coming up with new ways to cut carbon emissions in some of the world's dirtiest industries. Mahendra Singhi is the boss of Dalmia Cement, one of India's biggest cement manufacturers. He tells us how his company plans to become carbon neutral by 2040. In the accessories market, Modern Meadow co-founder Andras Forgacs and CEO Anna Bakst explain how their plant-based leather alternative could shake up fashion supply chains. And what if cows everywhere could be made to emit lower levels of methane when they burp? Biologist Ermias Kebreab says adding seaweed to their diet could be key. Producer: Sarah Treanor Image: A cow chewing cud. Credit: Getty
Millions of people in Afghanistan are living in extreme poverty as prices rise and salaries go unpaid. There are warnings that hunger will follow the devastating drought, just as the cold weather sets in. How will the world respond to calls for help? Business Weekly hears from development economist and former World Bank expert in Afghanistan Dr William Byrd. Plus, as the supply chain gets clogged across the world- we'll ask how they can be made more resilient? We also hear from Berlin, where voters have said yes to a radical plan to help make housing more affordable. And as William Shatner blasts off into space, we ask if the 90-year-old actor can be called an influencer? Business Weekly is produced by Matthew Davies and presented by Lucy Burton.
As the world turns its attention to addressing climate change, Business Daily is in Edinburgh. We bring you an inside glimpse of the conversations setting the agenda ahead of the UN climate conference COP 26, which starts in Glasgow in just over two weeks. Here in the Scottish capital, the ideas company TED - famous for Ted Talks - is holding its own climate summit, Countdown. It puts CEOs, government ministers, philanthropists and activists all in the same room. Vivienne Nunis hears from Pacific Islander Selina Leem, who explains how her home country, the Marshall Islands, is already dealing with rising sea levels. Jim Snabbe, the chairman of the world's biggest shipping firm, tells us how Maersk plans to move to a new green fuel, while Denmark's energy minister explains his country's plans to vastly scale-up wind power production. Producer: Sarah Treanor Image: Selina Leem. Credit: Skoll.org
How disruption in a single port, factory or freight centre can cause global chaos. Ed Butler speaks with Stavros Karamperidis, an expert in maritime economics at the University of Plymouth, and Kent Jones, professor of economics at Babson College in the US. Meanwhile, chief economist at Enodo Economics, Diana Choyleva, explains how China's energy crisis will impact exports and the price we pay for goods, and Professor Marc Busch from Georgetown University explains why he thinks governments should leave big businesses to solve supply issues themselves. (Photo: a container ship is unloaded at a dock in the US. Credit: Reuters)
Why the government doesn't like video games, and what's next for China's gaming culture. Ed Butler speaks to Josh Ye, who covers gaming for the South China Morning Post, and Professor Steve Tsang, director of the SOAS China Institute. German professional League of Legends player Maurice 'Amazing' Stückenschneider describes China's current dominance in the world of eSports, and the damage that restricting playing hours could do, and Chinese games investor Charlie Moseley describes how the increasing pressure from authorities is affecting games developers in the country today. (Photo: League of Legends players at a tournament in Shanghai, Credit: Riot Games Inc via Getty Images)
Why many women are delaying motherhood, how is technology helping, and what does the law say about all things fertility and the workplace. Zoe Kleinman speaks to lawyer Louisa Gevard, to Dame Cathy Warwick, chair of the British Pregnancy Advisory service, and others. (Picture credit: Getty Images)
There are an estimated ten million donkeys in sub Saharan Africa, many providing crucial roles supporting the livelihoods of low income families. We explore why these beasts of burden are so important to the economics of the region, and how demand from China for the skins of donkeys is worrying many across Africa. We visit a donkey sanctuary in Lamu, Kenya, and speak to one campaigner trying to stop the slaughter of donkeys for the export of their skins. We also hear how donkeys support economic freedom for women, from Emmanuel Sarr, regional director for the charity Brooke, based in Senegal. Image: A donkey. Credit: BBC Presenter: Vivienne Nunis Producer: Sarah Treanor
On this episode of Business Weekly, with the site down and a whistle-blower's testimonial, was this Facebook's worst-ever week? We hear what went wrong with their internal internet and find out why Frances Haughan's evidence to Congress was important. Plus, we discover how a tech company is helping dispatch ambulances in Kenya where there is no centralised system. And if music be the food of love - swipe on. We hear from the app designer hoping to match-make with music. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
Geraldine Robarts is a painter based in Kenya who has been exhibiting since 1958 and who still paints everyday, aged 82. Whether it's a passion for what they do, the social connection, or the simple need to earn a living, a growing number of octogenarians remain in work. Over the coming weeks, Business Daily will hear from several workers putting in a shift, well into their ninth decade. As retirement ages around the world creep higher, we're asking what can these older professionals teach us about the nature of work? And when is the right age to down tools? Presenter: Vivienne Nunis Image: Geraldine Robarts. Credit: BBC
We go to Dandora, one of Africa's largest rubbish tips. A court in Nairobi has ordered the dumpsite to come up with a concrete plan to close by February next year. But what will that mean for the community relying on the waste to survive? We hear about life at Dandora through the eyes of Liz Oteng'o, who grew up relying on airline meals dumped at the site. Vivienne Nunis hears how she and her husband Remco Pronk, are fighting to change the lives of those growing up there today. Image credit:Getty Producers: Sarah Treanor, Lulu Luo
Google pledges to be carbon free by 2030. Ahead of next month's UN Climate Summit, the company has come out with new targets to become greener than ever. But what does that mean? Is Google supporting the energy transition away from fossil fuels or just fuelling ever greater consumption? Ed Butler speaks to the company's Chief Sustainability Officer Kate Brandt, about how this is just the latest step in her company's aim to be a world leader in sustainability. Ian Bitterlin, a Consulting Engineer & Visiting Professor at the University of Leeds in the UK tries to quantify the amount of carbon pollution that could reasonably be attributed to data centers worldwide. And Sonya Bhonsle, the Global Head of Value Chains at CDP, the world's leading climate NGO that helps companies and cities disclose their environmental impact, tells Ed that Google scores very highly in their ratings and that the company is sending out good messages to others in the industry. (Photo: Google's logo adorns their office in New York, Credit: Getty Images)
Are virtual online worlds the future of the internet? Facebook's Mark Zuckerberg thinks so. He is among the tech leaders who say we'll increasingly live, socialise, play and shop in the metaverse. Is he right, and what is the metaverse anyway? Ed Butler speaks to venture capitalist and metaverse big-thinker Matthew Ball, and to Manuel Bronstein from Roblox - the hugely successful gaming platform where gamers already live out virtual lives through their avatars. Janine Yorio tells us why her 'virtual real estate' company Republic Realm is buying up land and property in metaverse worlds, and why the metaverse will be the future of shopping. (Photo: Roblox avatars, Credit: Roblox)
Getting to hospital in a medical emergency, in countries without a centralised ambulance service, can be critically slow. In rapidly urbanising Kenya, Vivienne Nunis meets Caitlin Dolkart – cofounder of Flare; a company which created a technology platform to dispatch ambulances anywhere across the country. But how do you direct an ambulance without accurate maps? We hear from Humanitarian Open Street Map's Ivan Gayton how open source data is improving heathcare outcomes. Image: Ambulance operator Paul Ochieng disinfects a stretcher at Kenyatta National Hospital in Nairobi, on April 17, 2020. Credit: Getty