Synopsis
The daily drama of money and work from the BBC.
Episodes
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Sexism in African investment
13/10/2020 Duration: 19minWhy do female entrepreneurs in Africa not get the investment capital they need? When women are navigating the male dominated finance and start-up scene in Africa, sexism can be a daily occurence. Efe Ukala is the founder of Impact Her - an organisation to help female entrepreneurs in Africa get access to finance. She says at one meeting she went to she was the only woman in the room and when one man joined them he went round the table to introduce himself to everyone except her. Mélanie Keita is the co-founder and CEO of Melanin Capital, a financial advisory firm that connects social impact entrepreneurs in Africa with investors. She tells Tamasin Ford that on a number of occasions she has set up meetings with potential investors only for them to hit on her. Manka Angwafo, the founder and CEO of agribusiness company, Grassland Cameroon, says women just aren't listened to on the continent. And Tokunboh Ishmael is the co-founder and MD of Alithea Capital, a private equity fund management firm based in Nigeria w
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The future of Hong Kong
12/10/2020 Duration: 17minCan Hong Kong retain its position as Asia's financial capital? The National Security Law passed in Hong Kong saw violent protests in the middle of 2020. The BBC’s Karishma Vaswani takes us through how businesses have changed the way they work to avoid getting in to trouble with Beijing. Edward Yau, Hong Kong’s Secretary for Commerce says the new law won’t change the basic pillars of Hong Kong’s society, and that it will continue to attract big corporate names to hold on to its place as a key financial hub. But it’s not ‘business as usual’ by any means, says Tara Joseph, the president of the American Chambers of Commerce for Hong Kong, saying the worsening relationship between the US and China, coronavirus and the new law means some business people are holding back from their usual activity. And two key business figures, Weijan Shan, CEO of private equity firm PAG, and Curtis Chin, former US Ambassador to the Asian Development Bank, try to unpick the difficulty of the ‘one country, two systems’ approach which
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Business Weekly
10/10/2020 Duration: 49minAre big technology companies the modern versions of monopolistic oil barons or simply innovative companies that provide a service to enthusiastic consumers? That's the question we'll be looking at on this edition of Business Weekly as Democratic lawmakers in the US release a report detailing uncompetitive behaviour. We also look at the allegations made by a former Facebook employee who says she feels she has blood on her hands because the company failed to adequately act on political misinformation and propaganda she reported on the site. We head to Venice where we hear from workers in the tourism sector who are desperate for cruise ships to return; meanwhile environmental campaigners want them to stay away. We get to hear how human beings need to adapt to working in extreme heat and why musicians want the British government to support them during the pandemic. Presented by Lucy Burton and produced by Clare Williamson. (Image: Social network icons on phone screen, Image credit: Press Association)
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The end of the oil era
09/10/2020 Duration: 18minHow will the energy transition transform geopolitics? Which countries will be the winners and losers?The answers may not be as obvious as you might think - not at least according to Jason Bordoff, a former energy advisor to President Obama, and director of Columbia University's Center on Global Energy Policy. In a long interview with Manuela Saragosa, he explains why the future may not be so bleak for oil producers, how the transition could be bumpy and last decades, and why even once the world has finally weaned itself off fossil fuels, a future energy based on clean renewable energy could bring a whole new series of risks with it.Producer: Laurence Knight(Picture: Old oil tankers; Credit: timnewman/Getty Images)
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The end of the line for cruise ships?
08/10/2020 Duration: 17minCan the cruise ship industry survive? Once a lucrative market, with giant vessels boasting 100% occupancy, cruises have been all but wiped out since the coronavirus.Manuela Saragosa hears from reporter Vivienne Nunis in Venice. Pre-covid, Venice was the poster city for over-tourism. Cruise ships towered over the city’s fragile, historic buildings, filling the air with their exhaust fumes. Many campaigners wished to see the back of them. The pandemic has granted those campaigners their wish. But it’s come at an economic price. And it’s highlighted the cruise ship industry’s precarious future. Manuela also speaks to Simon Calder, travel expert, about the prospects for this hard-hit sector of the industry.Producer: Sarah Treanor(Image: Two luxury cruise ships being dismantled at Turkey's shipbreaking yard. Credit: Chris McGrath/ Getty Images)
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Does big tech need a reboot?
07/10/2020 Duration: 18minA leading Silicon Valley boss says big tech companies need more empathy and diversity. Maelle Gavet, is a French-born tech entrepreneur with experience in building firms in her native France, India, Russia, South Africa, and now as chief operating officer of online real-estate broker, Compass.Inc. She's been listed as one of the most influential women in US tech. In her new book 'Trampled by Unicorns' she critiques what she sees as the cultural deficits of Silicon Valley and says that these companies cannot be relied upon to self-regulate. This comes as a report backed by Democratic lawmakers has urged changes that could lead to the break-up of some of America's biggest tech companies. But James Ball, an award-winning investigative reporter, and author of a new book himself, 'The System: Who Owns the Internet and How it Owns Us' says we shouldn't be too quick to do this as it won't actually fix the real problems.(Image: A friendly robot is seen through a shattered phone screen. Credit: SimoneN / Getty Images)
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Is Facebook bad for democracy?
06/10/2020 Duration: 17minHow the social media platform is poisoning politics around the world. A former Facebook employee says she has "blood on my hands" after struggling to contain the misinformation and manipulation conducted through the platform. Azerbaijani journalist Arzu Geybulla describes the coordinated Facebook campaigns against activists and politicians in her country. Berhan Taye, Africa policy manager at digital rights group Access Now, tells us why Facebook isn't doing enough to prevent the spread of hate speech in Ethiopia. And Siva Vaidhyanathen, author of a book 'Antisocial Media: How Facebook Disconnects Us and Undermines Democracy' explains why Facebook can't stop the spread of toxic content without undermining its business model.(Photo: A mobile phone advert featuring Facebook in Myanmar, where Facebook has been blamed for helping spread hate speech. Credit: Getty Images)
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Is it time to rethink the electricity grid?
05/10/2020 Duration: 18minAre our century-old grids fit for the era of solar and wind power, or is a completely new kind of electricity transmission needed?Justin Rowlatt looks at the mess in California, where President Trump has blamed rolling blackouts on the state's rush to embrace renewable energy. But former regulator Cheryl LaFleur says one big reason is California's poor integration with neighbouring electricity grids. A US government report recommended linking all the nation's grids together, but then the report mysteriously disappeared - investigative journalist Peter Fairley explains why.Meanwhile Britain is looking to integrate its own National Grid more closely with the rest of Europe, according to the director of the UK Electricity System Operator Fintan Slye, so that it can handle a glut of new wind power. But why not go one step further and build a global electricity grid? It's a possibility discussed by energy consultant Michael Barnard.Producer: Laurence Knight(Picture: Stork on an electricity pylon at sunset; Credit:
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Business Weekly
03/10/2020 Duration: 50minThis week saw the rather unedifying spectacle of the first 2020 US presidential debate. Did either of the candidates offer solid policies on the economy or the environment?As further investigations shed more light on Donald Trump’s financial affairs we’ll ask why he has been so reluctant to make them public.We’ll also find out why Facebook is threatening to ban all news on its Australian sites and ask whether clubbing can survive during a pandemic.Business Weekly is presented by Lucy Burton and produced by Joshua Thorpe.
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Final countdown for a Brexit trade deal
02/10/2020 Duration: 18minWhy state aid may be the sticking point for a Brexit trade deal(Image: Two boxing gloves punching each other, one with the UK flag, one with the EU flag. Credit: Getty Images Stock)
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Trump's taxes
01/10/2020 Duration: 17minWhat can the New York Times' revelations can tell us about the President's financial affairs?President Trump paid only $750 in tax federal income taxes in 2016 and 2017, and paid none in 10 of the past 15 years. That's according to an investigation by The New York Times earlier this week. The President says its all fake news. He's for years refused to publish his income tax returns. David Cay Johnstone, an investigative journalist and editor with DCReport.org, says the Times revelations show why he's keeping them hidden.Adam Davidson who's written extensively on the President's business ties, says the only way to join up the dots since the death of his father, who was continuously propping up the President's finances, and the end of his lucrative appearances on the reality TV show, The Apprentice, is to work out who's bankrolling Trump's businesses. But Dan Alexander, writer for Forbes magazine and author of White House Inc: How Donald Trump turned the Presidency into a Business, says that the President does
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Facebook's face-off in Australia
29/09/2020 Duration: 18minShould Facebook and Google pay for news that appears on their platforms? The Australian government thinks so. It’s drafted a law that would force them to pay - and Facebook is now threatening to ban all news from its Australian site. It’s a high stakes stand-off with potential global repercussions.Veteran local newspaper publisher Bruce Ellen tells Manuela Saragosa how his business has suffered the past decade as articles are shared online for free. Journalist Zoe Samios of the Sydney Morning Herald says the pushback from Facebook has been especially forceful, while Belinda Barnet of Swinburne University in Melbourne says she thinks they are unlikely to back down. But consultant Hal Crawford has little sympathy for the news companies, which he says get a lot more value from social media platforms than vice versa. Plus, Peter Lewis from the Centre for Responsible Technology worries that if Facebook follows through with its threat to remove news altogether from its platform in Australia, what will fill the void
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China to the rescue?
28/09/2020 Duration: 18minPresident Xi Jinping made a big surprise announcement on Tuesday - that China is committing to cut its net carbon emissions to zero by 2060.But why has President Xi decided to take such a bold unilateral step? Will China's actions match his words? And how will other countries respond, not least the US?To answer these questions, Justin Rowlatt speaks to two people who have been at the top table of international climate diplomacy. Todd Stern was US President Barack Obama's representative in the Paris Agreement negotiations. And Rachel Kyte was an advisor on sustainable development to the United Nations Secretary General.Plus, Li Yan of Greenpeace in China explains what to look out for next year in the country's new five-year plan as proof that Beijing is serious about tackling carbon emissions.Producer: Laurence Knight(Picture: China's President Xi Jinping; Credit: Ed Jones/AFP via Getty Images)
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Business Weekly
26/09/2020 Duration: 49minWhat will get the swing states swinging? That’s the question we ask on this edition of Business Weekly as we take an in-depth look at Pennsylvania, Florida, Texas and Ohio. We find out what business leaders, activists and environmentalists in these places want from their new leader and ask whether Donald Trump or Joe Biden can deliver. We hear from Puerto Ricans and Cubans in Florida, young people in Texas and a farmer in Ohio. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
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London's dirty financial secrets
25/09/2020 Duration: 17minHow some of the world's biggest banks are helping criminals launder money through the UK capital. The BBC's Andy Verity describes what a major new leak of documents tells us about the flows of dirty money through financial centres. Dr Susan Hawley from the charity Spotlight on Corruption tells us why banks and regulators aren't doing enough to stop it, and Tom Burgis, author of a new book Kleptopia: How Dirty Money is Conquering the World, explains why money laundering is a threat to democracy and freedom.(Photo: London's financial district, Credit: Getty Images)
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Venture capital in Africa
24/09/2020 Duration: 17minFunding for African tech start-ups is booming. But only if you’re not African. Odunayo Eweniyi, is the co-founder of the first online savings and investment app in West Africa, Piggyvest. She tells Tamasin Ford about how hard it was to convince Western based Venture Capitalists to invest in them. Jesse Ghansah, the Ghanaian Founder of the Fintech company, Swipe says as an African founder he’s still judged differently. Iyinolowa Aboyeji, who’s from Nigeria, set up a financing initiative called the Fund for Africa’s Future. He says rather than looking at the problem of foreign founders in Africa receiving more investment than African founders, people need to look at why it’s happening. And Adaeze Sokan, also based in, Nigeria, is the Director of Design and Strategy at Ventures Platform which is a funding initiative focused on Africa. She says that more start-up money needs to be aimed at women.
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Why is fashion still not sustainable?
23/09/2020 Duration: 18minMaking designer fashion more sustainable has been a cause célèbre for decades, so why hasn’t it happened yet? At the close of London Fashion Week, and just before the beginning of Paris, Tamasin Ford has been looking into why the industry hasn’t made the changes it needs. Kevin Bailey of the VF Corporation, one of the largest apparel and footwear retailers, says the industry has made great strides, while Roger Lee, of TAL apparel in Hong Kong, says a vague standards system for what counts as “sustainable” makes further progress difficult. But Christina Dean, founder of the Redress sustainable fashion awards as well as the upcycled fashion brand, the R-Collective, says companies could have already done a lot more to use re- and up-cycled materials in their new lines.(Picture credit: Getty Creative)
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Craft beer in a pandemic
22/09/2020 Duration: 18minBrewing, like many industries, has had to adapt during the coronavirus pandemic. And whilst this can be a logistical nightmare, the current crisis might also present some new opportunities. Elizabeth Hotson talks to beer writer, Pete Brown about the impact so far of coronavirus on craft beer. We take a socially distanced trip to East London to hear from Jon Swain, co-founder of Hackney Brewery and then cross over to Maryland in the US where Julie Verratti from Denizens Brewing explains how an aluminium can shortage is making it tough to ship her products. And in Mexico City, Jessica Martinez from Cerveceria Malteza explains how lockdown gave an unexpected boost to craft beer. Producer: Elizabeth Hotson. (Picture of beer cans by Elizabeth Hotson).
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Has Coronavirus killed the nightclub?
21/09/2020 Duration: 18minNightclubs around the world are struggling to survive with social distancing guidelines. The social effect is palpable, especially for the younger generation who have grown up with club culture. BBC Radio 1Xtra DJ Jamz Supernova tells Ed Butler about everything she's missing from the club scene. Meanwhile, the Night-time Industries Association's Michael Kill says they and club owners are working to convince the government to help them open up. But how would that work? Lutz Leichsenring, an advocate for Berlin nightlife says any way forward will be difficult, but this crisis should be a wake up call for cities to value their nightlife more.(Picture: A Berlin nightclub. Picture credit: Getty Images.)
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Business Weekly
19/09/2020 Duration: 49minThere are less than two months to go until the presidential election in the United States. Both candidates and parties have framed it as something of an existential fight. So, on Business Weekly we look at the big issues framing the debate. We examine the economy, immigration and healthcare and find out what a Biden Presidency or a second-term of office for President Trump could mean for these key policy areas. Plus, as the Zimbabwean government hands back some land to some evicted farmers, our reporter in Harare tells us why this is happening now and how the move has been received. And what has Covid-19 done to the Asian wedding industry? Business Weekly is presented by Lucy Burton and produced by Matthew Davies.