World Business Report

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of the biggest restructuring in the group's history.
It brings the total number of roles the carmaker - which includes Audi, Porsche, Skoda as well as the VW brand - plans to shed by 2030 to 100,000, after announcing in March that it would cut 50,000 roles.
Kenya's President William Ruto has told one of India’s major chemical companies, Tata Chemicals, to “pack up and leave”.

The president says the company has not delivered enough benefits for Kenya, accusing it of exporting soda ash rather than processing more of the mineral locally.
And British studio Aardman Animations, creator of Wallace and Gromit, Shaun the Sheep and many other well-loved characters, is celebrating 50 years since it was founded in Bristol by childhood friends Peter Lord and David Sproxton.

Since then, its films have brought in more than $1.1 billion at the global box office and won four Academy Awards.
Presenter: Bisi Adebayo
Producers: Huma Shah & Guy Kilty

The "supersized" El Niño weather system is hitting the global economy, with cocoa farmers in Ecuador already seeing prices for their products fall.
As the Panama Canal operator limits the number of vessels passing through the waterway, we ask what further trade shocks are to come.
And US basketball team the Los Angeles Clippers has been hit with a record $30 million fine by the National Basketball Association for violating salary rules. What will it mean for the team and for the game?
Photo: Reuters/Enea Lebrun

The LA Clippers have been fined $30 million by the National Basketball Association after an investigation revealed that the club had circumvented salary rules to channel funds to their star player Kawhi Leonard. The fine is the largest in the league’s history - the Clippers said they will appeal against the decision.
Also, as the Dutch central bank moves more than 78 tonnes of gold from New York to London, presenter Bisi Adebayo looks at why countries store gold abroad in the first place.
And - robotaxis have hit the streets of London for the first time, as Uber launches 15 self-driving cars. So why is there a human still in the driving seat? We find out.
Presenter: Bisi Adebayo
Senior producer: Craig Henderson
Producer: Huma Shah

US oil giant Chevron says it will expand operations in Venezuela, with plans to invest more than $7 million to double its output there over the next five years.
As Uber leaves the Nigerian market, we'll look at what that means for drivers and passengers who depend on the platform every day.
Plus, the Venice Film Festival has rolled out the red carpet. So why does it feel a little less glamorous this year?
Photo: EPA/Shutterstock

A controversial oil deal gives the United States control of more than a fifth of Venezuela’s reserves.

Plus, could Kenya be running short of milk?
And thousands of US sailors deployed to the Strait of Hormuz reach dry land, after a record stretch at sea.

Presenter: Bisi Adebayo
Producers: Victoriya Holland and Huma Shah
Editor: Naomi Rainey