World Business Report

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)

Moderna shares soared more than 172% after strong results for its vaccine for melanoma skin cancer. Elsewhere, the Evergrande saga came to a dramatic conclusion in a Shenzhen court.
And what will Walmart spend its $3 billion Trump tariffs rebate on?
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.

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)

The US has paused 50% tariffs on Canada, hours before they were due to come into effect as the countries firm up a trade deal. Donald Trump said a deal has been reached, but the Canadian Prime Minister Mark Carney said there was still important work to be done.
In China, the world's biggest humanoid robot manufacturer, Unitree Robotics, has seen its share price soar more than 500% on its stock market debut in Shanghai.
And why are businesses banning Meta smart glasses?
Presenter: Luke Wilson
Producer: Niamh Mc Dermott

Tech giant Meta on trial over claims it deliberately keeps young people scrolling. Four US states are seeking billions of dollars from the company, as part of a wider case brought by 29 states.
New trade tariffs set to be imposed on Canada by the USA unless there's a late breakthrough in trade talks.
And why does the owner of the LA Lakers, the LA Dodgers and part owner of Chelsea FC need to raise a lot of money quickly?