Business Daily

Hasty borrowing by Chinese consumers and corporates may leave the country's economy with a debt hangover.That's the contention of independent China economist Andy Xie. Business Daily's Ed Butler asks him whether ordinary Chinese are carelessly running up huge debts without appreciating the consequences, and whether the rest of the world should be concerned.And it's not just China. Most East Asian countries have seen a rapid rise in household debts in recent years. Among them is Vietnam, where journalist Lien Hoang of Bloomberg BNA explains that it is in large part a bi-product of the government's policy to introduce its citizens to the wonders of online banking.(Picture: Chinese woman holding phone and credit card; Credit: RyanKing999/Getty Images)

Payday loans, auto loans and student loans are overwhelming a sector of American society - what can be done to help them dig their way out of their debts?Ed Butler speaks to Dean, a military veteran who says his debts wrecked his health and forced him into personal bankruptcy. Plus student Melissa says her inability to keep up with the interest on her student loans, despite working a well remunerated middle class job, is typical of her Millennial generation.Such stories are becoming commonplace among the young and the poor in the US. In search of solutions to their plights, Ed speaks to Mary Jackson of the Online Lenders' Alliance, Harvard economist Ken Rogoff, and Martha Wunderli of the AAA Fair Credit Foundation in Utah.(Picture: Senior man receiving bank debt documents; Credit: THEPALMER/Getty Images)

From Pride-inspired cappuccinos to LGBT supermarket sandwiches, you can’t walk down the street in some cities without seeing the multi-coloured marketing which symbolises the modern Pride movement. But is the promotion of the rainbow logo a step forward for diversity or a cynical corporate take-over? Elizabeth Hotson hears from flag-bearers at Pride in London and the event's director of marketing, Tom Stevens. Marketing strategist Sonia Thompson explains why authenticity is key to getting the message across. Plus Mark Sandys, global head of beer, Baileys and Smirnoff at Diageo, and Adam Rowse, managing director of branch banking at Barclays, explain how and why they get involved in LGBT campaigns. Producer: Elizabeth Hotson(Picture: Giant rainbow flag at Pride in London; Credit: Elizabeth Hotson for BBC)

With the Cricket World Cup reaching its final stages we look at the current state of the sport in India. In this episode presented by Rahul Tandon, we hear from former Indian cricketer, Deep Dasgupta, Ramjit Ray who runs advertising firm Matrix Communications, head of Uber South Asia, Pradeep Parameswaran, IT firm owner Sabyasachi Mitra and cricket writer Sharda Ugra. Rahul also speaks to cricket writer Neeru Bhatia and Nissan's Global Head of Marketing and Brand Strategy, Roel De Vries. Plus Rumella Dasgupta looks at the state of play for women's cricket.(Photo: India's Mahendra Singh Dhoni; Credit: Dibyangshu Sarkar/AFP/Getty Images)

The aviation industry is one of the world's biggest contributors to climate change - but does a social movement begun in Sweden now threaten to stigmatise air travel?It's called "flygskam", and Manuela Saragosa speaks to one of its originators, Susanna Elfors, whose tagsemester Facebook page helped convert her fellow Swedes to the environmental virtues of train travel. Meanwhile John Broderick, professor of energy and climate change at Manchester University explains just how big a carbon footprint an individual long-haul flight can have.The movement is already having an impact on Scandinavian travel habits, and threatens to go worldwide. So what does the industry make of it? We ask Michael Gill of the International Air Transport Association, as well as Boet Kreiken of Dutch airline KLM, which is already calling on its customers to "fly responsibly".Plus Manuela asks Tony Wheeler, founder of the Lonely Planet guidebooks that first popularised travel to exotic corners of the globe, whether he feels guilty about

After a controversial extradition law sparked mass protests, is Hong Kong's position as a global financial centre under threat? Vivienne Nunis speaks to business owners in Hong Kong about the recent protests, hedge fund manager Edward Chin on the impact the crisis is already having on Hong Kong's financial reputation, and former investment banker and governance campaigner David Webb about the history of Hong Kong and China and whether the 'one country, two systems' policy is being dismantled.(Photo: Protestors take to the streets in Hong Kong in June, Credit: Getty Images)

Should you let websites track your online movements? Vivienne Nunis speaks to Frederike Kaltheuner from Privacy International and investigates the split-second auction process where firms bid to put targeted ads in front of your eyes. We hear from DuckDuckGo, the search engine that promises to protect your privacy, and controversial Israeli firm The Spinner, which uses cookies to subliminally change people’s behaviour.(Photo: Chocolate chip cookies, Credit: Getty Images)

The hunger for quick short-lived clothes is bringing garment sweatshops back to the UK and harming the environment. Katie Prescott travels to Leicester, the British city whose garment factories claimed to "clothe the world" a century ago, where unregulated factories are making a comeback, paying immigrant workers less than the minimum wage to turn around clothing designs as quickly as possible.Meanwhile Manuela Saragosa speaks to author and journalist Lucy Siegle about how the trend towards the ever faster turnover in consumers' wardrobes is leading to shoddier synthetic fibres that only last a handful of wears.(Photo: Woman sitting on a throne of discarded clothes. Credit: Ryan McVay/Getty Images)

New sanctions from the Trump administration are forcing European and Asian firms to choose between their US and Iranian business interests.The EU has created a special purpose vehicle called Instex to circumvent the US sanctions, but sanctions lawyer Nigel Kushner of W Legal says that the Iranians are right to feel unhappy with the effectiveness of this workaround.Manuela Saragosa speaks to one British businessman who has already given up on trading with Iran, or indeed recovering the proceeds from his past transactions that remain trapped in an Iranian bank account. She also asks BBC Persian correspondent Jiyar Gor how the latest round of American sanctions are affecting the lives of ordinary Iranian citizens.(Picture: A woman walks past a mural painting on the wall of the former US embassy in Tehran; Credit: Atta Kenare/AFP/Getty Images)

The financial literacy gap. Manuela Saragosa talks to US podcaster and writer Gaby Dunn about why millennials like her are so bad with money. Regan Morris hears the stories of young coffee shop workers in Los Angeles, and psychologist Martina Raue explains why having role models can help when it comes to saving money.(Photo: A smashed piggy bank, Credit: Getty Images)

It's not as easy as it looks. Dominic O'Connell reports from the biggest festival in the world Glastonbury, which kicks off this weekend. Manuela Saragosa hears from music industry analyst Chris Cooke on the growth in the industry over the last decade, and from Paul Reed, CEO of the UK's Association of Independent Festivals, about the challenges of putting on your own event.(Photo: Glastonbury Festival in 2017, Credit: Getty Images)

Governments in Africa and elsewhere are routinely shutting off the iInternet in the name of national security. It is having a significant economic impact. Ed Butler speaks to Dr Dawit Bekele, bureau director for Africa at the Internet Society, and Berhan Taye, an Ethiopian campaigner at Access Now, a global digital rights group. Otto Akama, editor of a technology blog in Cameroon called Afro Hustler, and Darrell West, director of the Center for Technology and Innovation at the Brookings Institution, discuss the effect these shutdowns have on business and the economy.(Photo: A demonstration by Zimbabwean citizens in Pretoria earlier this year. Credit: Getty Images)

The UK plans to introduce compulsory age verification for anyone in the country to access online porn - but is this a good way of restricting children's access, or a serious threat to privacy?Ed Butler speaks to Jim Killock, executive director of Open Rights Group, who fears that the move could have terrible unforeseen consequences if it enabled for example a major leak of data about people's identities and porn habits. Systems of blocking access to children do already exist, as Alastair Graham, co-chair of the Age Verification Providers Association, explains.But ultimately is relying on technology to stop children stumbling across graphic hardcore images enough? Claire Levens of advocacy group Internet Matters, who welcomes the move, says parents also need to be willing to open up a dialogue with their own children.(Picture: Young boy looking at phone screen; Credit: Clark and Company/Getty Images)

Is unemployment in the developed world so low because people have simply given up on finding work? Ed Butler speaks to economist Danny Blanchflower of Dartmouth College, who says that a decade after the global financial crisis, workers in the US and Europe continue tp face a terrible jobs market that is not reflected in the official statistics.Is the problem that all the well paid jobs are being created in a few rich, expensive cities that are simply inaccessible to the underemployed? That's the contention of Enrico Moretti, professor of economics at the University of California, Berkeley. And according to Christina Stacy of the Urban Institute in Washington DC, even within these cities, service sector workers are finding themselves priced out of the property markets where the job opportunities exist.(Photo: A homeless man sleeping on a sidewalk in San Francisco, California. Credit: Robert Alexander/Getty Images)

How do you do business with the rest of the world when nobody officially accepts that your nation state even exists? Rob Young looks at the struggles facing unrecognised breakaway states such as Abkhazia, Transnistria and Nagorno Karabakh. Thomas de Waal of think tank Carnegie Europe explains how many of them have turned to smuggling and even Bitcoin mining as a way of making ends meet. Meanwhile the BBC's Ivana Davidovic reports from Nicosia in Cyprus where the city's main thoroughfare is still physically divided between the prosperous Greek south and the unrecognised Turkish north.Plus how can these nations compete international football? Sascha Duerkop has the answer. He is general secretary of Conifa, the international football league for teams that Fifa refuses to recognise.(Picture: Children wave the North Cypriot flag; Credit: STR/AFP/Getty Images)

Why Facebook's Libra project will attract the attention of regulators. Rob Young hears from the BBC's technology correspondent Rory Cellan-Jones about why Facebook is launching its own currency. Charles Cascarilla, founder of the digital currency company Paxos explains why the Libra project is so ambitious. Rebecca Harding, chief executive of the data and analytics group Coriolis Trade Technologies and former chief economist at the British Bankers’ Association, explains why regulators will be paying attention.(Photo: Illustration of Facebook and digital currency, Credit: Getty Images)

We need to transform the way we grow food if we are to head off disaster - so say leading agronomists. But can it be done?The modern agricultural industry, borne out of the Green Revolution that has multiplied crop yields since the 1960s, has contributed to multiple new crises - obesity, soil degradation, collapsing biodiversity and climate change. To address this "paradox of productivity" a whole new revolution is needed, according to Professor Tim Benton of the University of Leeds and think tank Chatham House.The BBC's Justin Rowlatt travels to the world's longest running scientific experiment, a collection of wheat fields dating back to the 1840s at the Rothamsted agricultural research centre just outside London, to ask resident scientist John Crawford whether our past success in staving off global hunger can be sustained in the coming decades.Plus what role should the United Nations' Food and Agriculture Organisation play, especially as that body prepares to appoint new leadership? Justin speaks to the fo

The Turkish commercial capital must vote again for a new mayor after March's election result was overturned by the government.Ed Butler visits the city and meets Ekrem Imamoglu, who narrowly won in March but spent just 17 days in office before the decision was made to re-run the election. Mr Imamoglu says he saw overspending and waste, and that around 10% of the city's budget could be saved.The country is also experiencing an economic slowdown, and Ed speaks to Deniz Gider of the Turkish construction workers' union, about how it's affecting his members. Plus economist and political scientist Atilla Yesilada explains how Turkey finds itself in this current economic crisis.(Picture: Supporters of Istanbul Mayor Ekrem Imamoglu protest against the re-run of the mayoral election in Istanbul; Credit: Yasin Akgul/AFP/Getty Images)

The attitude towards immigration in Europe and America is hardening under a wave of populist politics, and businesses are finding that despite labour shortages in many sectors, bringing workers in from abroad is becoming harder.The BBC's Frey Lindsay reports from Stockholm on a phenomenon dubbed "talent expulsions" - highly skilled workers being ordered to leave the country because their paperwork is not perfectly in order. A similarly bureaucratic approach has been taken in the UK, where it is dubbed the "hostile environment" for immigrants. Since the 2016 Brexit referendum some three million EU citizens suddenly find themselves subject to it. Dutch campaigner Monique Hawkins tells how she was told to leave the UK despite having lived there more than three decades. Meanwhile Danny Brooks of international recruitment firm Virtual Human Resources says UK businesses are already finding it much tougher to attract the talented employees they need.We also get the view from Singapore. About half the city-state's re

It's more than a decade since the global financial crisis. Central banks have pumped trillions of dollars into the financial system to support markets and the broader economy. But there are warning signs that major risks may be re-emerging in the financial markets.This month, fund manager Neil Woodford suspended trading in his largest fund after rising numbers of investors asked for their money back. Could this highlight a vulnerability in the financial system that runs right through the investment management business?The BBC's Manuela Saragosa and Laurence Knight speak to two veterans of the investment community: Mohamed El-Erian, chief economic adviser at Allianz and former head of Pimco in California; and Lord Paul Myners, the former head of Gartmore in the UK. Both worry that investors are unaware of the risk they are running that they won't be able to access their money when they most need it, and warn that regulators could be blindsided by the next big crisis.Producer: Laurence Knight(Picture: A trading