Synopsis
The daily drama of money and work from the BBC.
Episodes
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Africa's tech entrepreneurs
06/07/2020 Duration: 17minCoronavirus has brought new opportunities to Africa's tech sector, despite the devastating blow it has delivered to economies around the world.Tamasin Ford speaks to one of Forbes Africa’s 50 most powerful women, Rebecca Enonchong, the founder and CEO of AppsTech, a global provider of digital solutions. Claud Hutchful, chief executive of Dream Oval, a technology firm in Accra, Ghana, tells us about payments app Slydepay. Plus we hear from Moses Acquah, chief technology officer of GreenTec Capital Partners, an investment firm that supports African entrepreneurs. He’s also the founder of the networking organisation, Afrolynk.(Picture: Woman using a tablet; Credit: Getty Images)
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Business Weekly
04/07/2020 Duration: 49minBig brands are turning away from Facebook over its so-called toxic content - so how will the social network cope? That’s the big question we’ll be asking on Business Weekly. We’ll also be investigating the changing face of make-up as Kim Kardashian West sells a stake in her cosmetics business to the beauty giant Coty. We’ll hear why traditional make-up brands are struggling to keep up with companies born in the age of social media and influencers. Our correspondent in France heads to the sparkling shores of Brittany to see whether businesses there are ready for summer tourists - and we have an interview with the film director, Gurinder Chadha. Presented by Lucy Burton.
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Nollywood under lockdown
03/07/2020 Duration: 17minCoronavirus has brought one of the most prolific film industries to a virtual standstill. Nollywood, Nigeria’s film industry, is the third largest in the world after Hollywood and India’s Bollywood. Chijioke Uwaegbute from the entertainment desk at Price Waterhouse Coopers Nigeria explains the financial impact of the virus on Nollywood. Moses Babatope, co-founder of Filmhouse, the biggest cinema chain in West Africa, says that with all his cinemas closed, he’s having to pay furlough money out of his own pocket. Plus actress and screenwriter Alexendra Amon tells us that she has had projects cancelled. And we’ll also hear from Obi Emelonye on using smartphones to overcome restriction during the pandemic.(Image: Nollywood films at a market in Lagos. Picture credit: CRISTINA ALDEHUELA/AFP via Getty Images)
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US states resist second lockdown
02/07/2020 Duration: 18minCoronavirus cases have been rising in two dozen states over the last 14 days. Of these, Texas, Florida, Arizona and California have emerged as the country's latest virus epicentres. And yet governors in many of these states are resisting efforts to close down economic and social activity, or a “second lockdown".Republican strategist Chris Ingram in Tampa, Florida, explains to Business Daily's Ed Butler the thinking behind allowing most Americans, apart from the most vulnerable, to get back to normal life. But some Floridians are not waiting for directions from the government. Ed Boas, owner of Lanes clothing store, describes the precautions he’s taking on his own initiative.Meanwhile Dr Cheryl Holder, at the Herbert Wertheim College of Medicine at Florida International University, says that while the state is better-equipped to deal with a second wave, she’s concerned many young people think themselves invulnerable. And Wendell Potter, former health insurance broker turned whistle-blower, explains how the US
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Brands boycott Facebook
01/07/2020 Duration: 18minWill the Stop Hate for Profit campaign change the social network's handling of "toxic" content? Big names like Ford, Starbucks and Unilever are pulling ads from Facebook starting this month. Ed Butler speaks to some of the companies involved: Damien Huang, president of outdoor clothing company Eddie Bauer, Mary Ellen Muckerman from tech firm Mozilla, and Ryan Gellert from Patagonia. As the campaign appears to gather momentum, how much will it hurt Facebook's business? Jordan Bucknell, founder and CEO of Upbeat Agency, a facebook and Instagram advertising agency, describes the draw of the platform for many small businesses. And Steven Levy, author of the book Facebook: The Inside Story, explains why the real pressure for change could come from Facebook's own workforce.Producer: Edwin Lane(Photo: Stop Hate for Profit campaign displayed on a smartphone, Credit: EPA)
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Rethinking the future
30/06/2020 Duration: 18minThe 2020s will be transformational for humanity, according to the tech prophet founders of RethinkX,Tony Seba and James Arbib talk to Justin Rowlatt about their prediction that a confluence of new technologies - in energy, transportation, and food and materials production - could wipe out poverty and solve climate change in the next 10-15 years, and usher in a new "Age of Freedom" for our species.But while it sounds utopian, they also warn in their new book Rethinking Humanity that it could pose huge civilizational challenges for a planet that still clings to outdated concepts such as democracy, capitalism and the nation state.Producer: Laurence Knight(Picture: Global communications Planet Earth graphic; Credit: metmorworks/Getty Images)
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The billionaire and the pandemic
29/06/2020 Duration: 17minMohamed Mansour is a household name in Egypt. The billionaire head of the multinational conglomerate Mansour Group has been involved in business and politics in Egypt and abroad for decades, as the BBC’s Mohamed El Aassar explains. Mansour himself sat down to speak with Manuela Saragosa about globalisation, the long-term impact of coronavirus and donating to the UK conservative party.(Picture: Mohamed Mansour. Picture credit: Mansour Group.)
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Business Weekly
26/06/2020 Duration: 49minOn Business Weekly we’ll be asking why the boss is often the least skilled person in the room? Are incompetent people put into middle management to get them out of the way - or are they just more confident than their more proficient peers? We’ll also be looking at the future of meat and asking whether china will turns its back on pork and embrace plant-based alternatives. And we’ll hear from the pilots who have swapped aviation for empathy.Presented by Lucy Burton, produced by Benjie Guy .
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Does the WTO have a future?
26/06/2020 Duration: 17minWith current World Trade Organization Director-General Roberto Azevêdo due to leave his post later in the year, the race is on for a new DG. Abdel Hamid Mamdouh, a former diplomat and candidate for the top job, tells Manuela Saragosa how he imagines the WTO of the future, while the BBC’s Andrew Walker explains how US opposition under President Trump to a global multilateral trading system is putting the organisation’s future in doubt. (Picture: A shipping freighter with cargo containers. Picture credit: Getty Images)
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Why your boss is incompetent
25/06/2020 Duration: 17minWhy is it that the boss never seems to know what they’re doing? The famous “Dilbert principle” asserts that companies promote incompetent employees into middle management to get them out of the way. But Professor David Dunning, co-creator of the competing “Dunning–Kruger effect”, says there’s more to it than that, specifically that the more incompetent a person is, the more confident they can be. Meanwhile, Kelly Shue, Professor of Finance at Yale, says an even simpler idea, the “Peter Principle” helps to explain why people get promoted beyond their level of competence. And entrepreneur Heather McGregor explains why the incompetence of a former boss led her to buy her own company (Picture: Getty Images)
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Can we guarantee a job for everyone?
24/06/2020 Duration: 17minOne of the long-run impacts of the coronavirus pandemic is dramatically worsened unemployment around the world, with millions of people suddenly unable to support themselves and their families. Aside from the obvious financial implications, Dr Stephen Blumenthal, a clinical psychologist in the UK tells Ed Butler about the tremendous impact this could have on mental health and human life. Meanwhile, some economists are discussing whether societies could, or indeed should, make sure everyone who wants a job can have one. Economist Pavlina Tcherneva lays out “The Case for a Job Guarantee.”(Picture credit: An unemployment line in Chile. Picture credit: Getty Images.)
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Lifting the lockdowns
23/06/2020 Duration: 17minEver since governments first began trying to contain the coronavirus pandemic, economists and pundits around the world have debated the apparent trade-off between protecting public health, and minimising the economic harm that the containment measure would likely cause.But is the whole idea of health versus wealth wrongheaded? We hear from Jo Michell, associate professor in economics at the Bristol Business School, and from Laurence Boone, chief economist at the Organisation for Economic Cooperation and Development. Meanwhile, businesses and workers around the UK are holding their breath for the end of lockdown, as the BBC’s Joshua Thorpe has been finding out.(Picture: Woman reopening her small business after Covid-19; Credit: FatCamera/Getty Images)
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Will China embrace fake meat?
22/06/2020 Duration: 17minIn today's programme, Elizabeth Hotson asks how supply chain issues in China’s pork industry could help home grown meat alternatives go mainstream. As pork prices rise and China looks to new forms of protein, we hear from David Yeung from Green Monday, the company behind popular mock-pork product, OmniPork. A rival for the synthetic pork crown, Vince Lu from Zhenmeat, tells us why he has high hopes that his meat free tenderloin will corner the hot pot market and Matilda Ho, founder of Bits x Bites, a food tech VC fund, explains why she's investing in the alternative protein market. We also hear from Bruce Friedrich, co-founder of the Good Food Institute which promotes plant-based alternatives to animal protein. And Shaun Rein, Managing Director of the China Market Research Group asks whether the sales match the hype.Picture: Soup dumplings with OmniPork filling via OmniPork
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Business Weekly
20/06/2020 Duration: 49minOn Business Weekly we ask how international businesses based in Hong Kong are reacting to China’s new security laws. It is finally illegal to discriminate against LGBTQ people in the workplace in the United States, so, we hear from the man who took his case all the way to the Supreme Court. As the World Bank predicts that remittances will fall by 20% this year, we look at how that will affect communities in the developing world and speak to expat workers who send their wages home. Two big food companies are re-branding products that adhere to racial stereotypes - we consider the importance of this. Presented by Lucy Burton.
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#BLM: Are brands cashing in?
19/06/2020 Duration: 17minCompanies are pledging support and money to the Black Lives Matter movement, and an end to systemic racism. Do they mean it?Ed Butler asks Pepper Miller, a market researcher who has campaigned for over 20 years for companies to realise the value of African-American consumers.One business that already has a long history of supporting black equality and other social justice movements is the ice cream brand Ben & Jerry's. But the company is based in Vermont, the second whitest state in America. Ed asks activism manager Chris Miller whether the firm's purported values are also reflected in their own personnel decisions.It's a pertinent question, according to Scott Galloway, professor of marketing at the NYU Stern School of Business. With the shift in demographics and purchasing power towards young educated liberal urban workers, and the increased scrutiny of company behaviour in the Google era, he says American businesses see commercial opportunity in taking a much more overt position on US politics than we h
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Hong Kong's last gasp?
18/06/2020 Duration: 17minChina's plan to impose its new so-called security law in Hong Kong may flout the territories legal independence. Some say it may jeopardise Hong Kong's status as Asia's largest financial hub. Hedge fund manager Edward Chin tells Ed Butler that the new law will mean an end to the principle of "one country, two systems" and may lead to companies leaving the territory. Victor Shih, an expert in Chinese banking and finance based at the University of San Diego, says it could have a much more detrimental effect on China's banking system and the country's access to the world's financial markets. But James Crabtree from the Lee Kuan Yew School of Public Policy in Singapore, thinks Beijing has taken a cool headed decision and is willing to sacrifice some business for the sake of political stability.(Picture: A Hong Kong anti-government protester raises a hand; Credit: Anna Wang/Reuters)
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China's debt relief for Africa
17/06/2020 Duration: 17minChina has been one of the biggest financiers of infrastructure projects in Africa, but many African economies have been hit hard by the Covid 19 pandemic. So will China prove to be a generous and understanding creditor? Can it even afford to be?In the edition of the programme we hear from Zhengli Huang, a freelance researcher in Nairobi, on what’s likely to happen to Chinese-financed projects in Africa. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies, looks at what sort of debt relief China can realistically offer; and Ben Cavender, managing director of the China Market Research Group in Shanghai, talks about whether China could cope with the economic hit of many countries suddenly defaulting on their debt repayments.Presented by Manuela Saragosa. Produced by Joshua Thorpe.(Picture: Woman serving Chinese tea in a traditional tea ceremony; Credit: Creative-Family/Getty Images)
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How batteries are powering ahead
16/06/2020 Duration: 17minTesla's Elon Musk plans to make some big announcements about batteries that could transform cars, electricity and the fight against climate change.Justin Rowlatt gets the inside scoop from Seth Weinbaum, journalist at the electric vehicles news-site Electrek. Meanwhile, battery chemist Paul Shearing of University College London and the Faraday Institution explains how lithium-ion batteries made the smartphone possible, and are now set to revolutionise transport.But electrifying the world's one billion road vehicles is no small task, not to mention building even bigger batteries to stabilise renewable energy sources on our electricity grids. Where on earth will all the lithium come from? Justin speaks to another American tech entrepreneur who thinks he has the answer - Teague Egan of start-up EnergyX.Producer: Laurence Knight(Picture: Battery charging icons; Credit: Iuliia Kanivets/Getty Images)
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A conversation with Dr Ngozi Okonjo-Iweala
15/06/2020 Duration: 17minThe Nigerian economist and former World Bank managing director talks about Africa, Covid-19, boardroom diversity, and her hopes to lead the World Trade Organisation.She is one of several candidates vying for the position, after the current managing director unexpectedly resigned a year early. But at a time when trade is suffering from the ravages of a sceptical Trump administration and a pandemic, is the job something of a poisoned chalice? And what would it mean for an African woman to take over?The former Nigerian finance minister now holds multiple jobs - on the boards of Twitter, Standard Chartered Bank, and the Global Alliance for Vaccines and Immunization. They give her a unique perspective on many of the challenges now facing the planet. But Manuela Saragosa asks her whether she thinks the pool of Africans invited to these top positions needs to be widened.Correction: During the programme, the departing head of the WTO Roberto Azevedo is erroneously referred to as Mexican. Mr Azevedo is actually from B
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Business Weekly
13/06/2020 Duration: 49minBusiness Weekly continues the conversation around race and racism sparked by the death of George Floyd. We’ll be asking whether African Americans should be paid reparations for their ancestors' enslavement. We’ll hear from Bob Johnson, the founder of Black Entertainment Television. Mae Jamison, the first woman of colour in space, gives us her thoughts on how today’s protesters differ from those in the 1960s when she was a young girl in Chicago. Plus, the Coronavirus pandemic has changed the way that a lot of us work, so we’ll be asking whether office buildings ever be the same again. Presented by Lucy Burton.