World Business Report

Australian lawmakers have been questioning executives from the likes of Meta and Tiktok over the country's social media ban for under 16s.
Data suggests the majority of Australian teens still use the platforms, despite December's law change. The companies have told politicians not to focus too much on this early data and that they don't need to face tougher penalties.
Also, President Trump has announced tariffs of up to 100% on imports of drones and their components to try and reduce reliance on Chinese technology.

Incheon Airport near the South Korean capital of Seoul has become the world's busiest international airport for the first time, handling more than 38 million international passengers in the first half of the year. We find out what is shifting air travel habits and what UK travellers want from airports.
Elsewhere, we speak to the CEO of Watt Electric Vehicle Company about a new deal that will see it build the first electric vehicle factory in Qatar to develop cars for the intense heat of Gulf countries.
Also, we hear from the CEO of Maersk about why it managed to make higher profits than analysts expected.
And we find out how prepared young people are for budgeting and cooking for themselves once they take the leap to move away from home for education.
PHOTO CREDIT: REUTERS/Kim Soo-hyeon

Maersk's CEO exclusively tells World Business Express the company is investing more in alternative routes after the trouble in the Strait of Hormuz
There's a new holder of the title of the world's busiest airport
and step inside the human fridge in Japan

The Los Angeles Lakers are to be sold for a reported record-breaking $12.5bn to American businessman Josh Kushner and former Disney chief executive Bob Iger. We hear from a former insider on what this means for one of the world's biggest sports brands.
Elsewhere as Colombia recovers from a devastating earthquake, we hear about recovery efforts and the impact on its economy.
Also, with less than a week to go before Donald Trump's latest tariff deadline we hear from one business on what measures they are planning to take to keep trading.
And, a new jet, being billed as China’s answer to Boeing or Airbus is made its first international commercial flight. What does this mean for the nation?
PHOTO CREDIT: REUTERS/Mike Segar

The latest US inflation data is out, but with the cost of living still a major concern for households, how are Americans feeling about their finances? Plus, Colombia’s new president is set to declare an economic emergency after Monday’s devastating 7.4-magnitude earthquake. And the chairman of Tata Sons, the holding company of India’s vast Tata conglomerate, is stepping down when his term ends next February, after failing to secure board backing for another term.