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World Business Report

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World Business Report
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  • World Business Report

    Warsh strikes cautious tone on US interest rates

    28.08.2026 | 8 Min.
    In his first speech at Jackson Hole as Federal Reserve Chair, Kevin Warsh said that while inflation data had been better than expected over the summer, it did not suggest the outlook had "meaningfully improved". However, he stressed that his remarks should not be seen as a guide to future interest rate decisions. And more than 80 British actors and voice artists are calling for stronger legal protections against AI-generated copies of their voices.
    Presenter: Bisi Adebayo
    Producer: Amber Mehmood
  • World Business Report

    AI firms call for countries to beef up their cyber defences... against AI

    27.08.2026 | 26 Min.
    They warn cyber-attacks which use AI will become both more widespread and more sophisticated in a matter of months as the technology rapidly improves.
    UEFA is preparing criminal legal action against the President of FIFA, Gianni Infantino.
    And a barrel of single malt scotch whisky bought in 1971 for $175 has been valued by auctioneers at $370,000.
  • World Business Report

    Hormuz Oil Flows Recover

    27.08.2026 | 9 Min.
    More oil is making its way through the Strait of Hormuz, despite the continuing war with Iran, with Kuwait and Qatar among the Gulf producers finding new ways to keep supplies moving.
    Could tighter restrictions on Facebook and Instagram actually make children safer online? A former Meta engineering director and whistleblower says changes agreed in a multibillion-dollar US settlement won't go far enough.
    And Forbes Russia has named Wildberries founder Tatyana Kim the country's wealthiest woman, despite Ukrainian attacks on the company's warehouses.
  • World Business Report

    Meta agrees to pay up to $18Bn in record legal settlement

    26.08.2026 | 26 Min.
    The Facebook and Instagram owner was accused by several US States of having addictive products that harm children.
    Shares in US chip designer Nvidia rise in after hours trading after its 2 quarter results beat market expectations. It remains the world's most valuable company.
    And we hear about the amazing business acumen of the country music star Dolly Parton who died yesterday.
  • World Business Report

    Meta agrees $18bn settlement

    26.08.2026 | 8 Min.
    Meta, the parent company of Facebook and Instagram, has agreed to an $18bn settlement with 29 US states over claims that its platforms harmed children.
    The deal, which is subject to court approval, would require Meta to introduce new rules for teenage users, including daily limits and overnight blocks.
    The collapse of what was once one of China’s biggest property developers is now threatening to become a multi-billion-dollar headache for PwC. A Hong Kong judge has ruled that Evergrande’s liquidators can pursue PwC’s global organisation, as well as its Chinese affiliates, over alleged audit failings. They’re seeking around $8.4bn in damages.
    And Dolly Parton, one of country music’s biggest stars, has died aged 80. She sold more than 100 million records during a six-decade career, while building a business empire spanning music publishing, film, television and her Dollywood theme park.
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