World Business Report

More than 30 years after the original movie, Tom Hanks and Tim Allen are back as Woody and Buzz in the fifth instalment of one of the most lucrative franchises in film history. Plus, with inflation rising above 3%, is a rate hike back on the table for the Eurozone? And, Nvidia doubles down on Taiwan despite the self-governed island's tensions with China.

Big tech firms race to cash in on the AI boom. Anthropic, the firm behind chatbot Claude went public in the US, filing paperwork for a stock market listing later this year while Nvidia launched a new processor they say could reinvent the PC in the age of artificial intelligence.
In India, fertilizer supplies are under strain from shipping disruptions caused by the Middle East war. Our correspondent explains how this will affect farming and food prices in Asia's third largest economy.
And, a supermarket chain in Belfast has added a pub to one of their stores, but it's proven controversial because of Northern Ireland's strict licensing laws.
Plus Backrooms, a new horror film, created by a young YouTuber, earned over $80 million in its opening weekend. Could digital creators be the next generation of filmmakers?

Tech giant Nvidia says it will launch a new “superchip” for personal computers, marking a major new venture for the world’s most valuable company. Plus, Softbank eclipses Toyota to become Japan’s biggest company by market value, and we look at what a rise in fertiliser prices – triggered by war in the Middle East - means for farmers in India.

With an uncrewed Blue Origin rocket exploding during a hot fire test at Cape Canaveral, Florida, we speak to former NASA engineer Sinead O’Sullivan about how much of a setback it is for Jeff Bezos business in the space race while Elon Musk's SpaceX firm's IPO gets ever closer.
Leanne Byrne finds out why the US travel industry is warning that plans being considered by Donald Trump's administration could cost the economy billions of dollars and disrupt one of America's busiest international gateways just weeks before the FIFA World Cup.
Elsewhere, we discuss why tech companies in Silicon Valley are hiring philosophers, and do Africa's wealthiest people have a responsibility to help tackle inequality?
Global business news, with live guests and contributions from Africa, Europe and the USA.
(Picture: Fire during an explosion of the uncrewed Blue Origin's New Glenn rocket during a test on a launchpad in Cape Canaveral, Florida, US, on 28 May 2026. Credit: NASASpaceflight.com / Reuters.)

The Shangri-la forum is Asia's largest annual defence conference. Politicians, military and industry figures are all in attendance.
AI giant Anthropic is valued at more than its rival Open AI.
And Jeff Bezos' Blue Origin rocket self-combusts spectacularly on the launch pad in Florida.