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BBC World Service


The daily drama of money and work from the BBC.


Business Daily

Most toys sold in America are made in China. But cheap labour is no longer the main reason manufacturers stay there. As the US toy industry presses for tariffs on toys to be removed, we follow the journey of a $30 toy from a factory in Guangdong, through shipping and the US border, to the shelves of American retailers. Along the way, we find out how much the factory gets, what shipping costs add to the price, how much of the final price stays in America, and the impact of President Trump's tariffs on Chinese imports.

Presenter: Sam Fenwick 
Producer: David Cann

(Picture: Employees of Shaoguan Guanghua Plastic & Hardware Products Co., Ltd work to assemble toy parts in the factory in Shaoguan, Guangdong province, China May 9, 2025. Credit: REUTERS/Go Nakamura)

Follow the Money: The journey of a $30 toy from China to America

With Presidents Xi and Trump expected to meet in the United States this week, Will Bain looks back on the history of trade between the two great nations.

It's always been fraught with controversy but there's also been a need or desire to get along. 

President Nixon was the first to visit China in 1972 and spoke with passion about the possibilities for the future between them.

Trade then grew quickly but it became very one sided as China developed as an industrial nation. 

There have been several attempts to curb its dominance but cheaper production also meant cheaper goods for consumers. 

Chad Bown, senior fellow at the Peterson Institute joins Will to assess how they have attempted to strike the right balance

Thanks to the Presidential Libraries of President Nixon and President Reagan for archive material.

(Photo: A staff member wearing a face mask walks past US and Chinese flags set up before a meeting between US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, 08 July 2023. Credit: Mark Schiefelbein/EPA-EFE/REX/Shutterstock)

Presenter: Will Bain
Producer: Justin Bones

From Mao and Nixon to Xi and Trump: A history of China-US trade

AI: Existential threat or billion-dollar opportunity? The increasingly loud and often stark warnings from inside the tech industry - about the dangers AI might already be posing.

Plus we dig into the interest rate rises facing US and European consumers. And ask whether an ABBA singalong of Mamma Mia was enough to swing the Swedish election.

Taking Stock looks back at the week in business, economic and geopolitical news with a panel that stretches across timezones. This week Rema Rahman the White House and Politics Editor from Bloomberg Government joins us from Washington DC and Katrine Kielos, author and columnist for Swedish financial broadcaster EFN, is with us in London.

Presenter: Will Bain
Producer: Josh Martin

Taking Stock: Can Big Tech rivals be trusted to develop safe AI?

Xbox is 25 years old and faces some of its biggest challenges yet. As cloud gaming grows and the AI boom reshapes the technology industry, even Xbox CEO Asha Sharma has acknowledged that the business "hasn't been healthy" in recent years. So does Xbox have a future? Will Bain speaks to former Xbox executive Peter Moore and BBC technology reporter Laura Cress about whether Microsoft's gaming brand can reinvent itself.

Producer: Gideon Long

You can email the team: businessdaily@bbc.co.uk

(Picture: Visitors play Stalker 2 in front of monitors at the Microsoft Xbox boot during the Gamescom gaming convention in Cologne, Germany, 23 August 2023. Credit: FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock)

Power Players: Does Xbox have a future?

Artificial intelligence is developing faster than many experts predicted, bringing extraordinary opportunities as well as growing concerns. Some of the industry's leading figures are even calling for the pace of development to slow while governments and technology companies grapple with how best to manage the risks. So can humanity remain in control of AI, and how should we govern a technology that is advancing so rapidly?
Presenter/producer: Ed Butler

You can email us: businessdaily@bbc.co.uk

(Picture: A Jio humanoid robot named Elixis at the AI Impact Summit, in New Delhi, India, February 17, 2026. Credit: REUTERS/Bhawika Chhabra)

Can we control AI?

The Ebola outbreak in the DRC has claimed more than 3,400 lives and infected thousands more. Despite the scale of the outbreak, there is still no approved vaccine for the latest strain. Leanna Byrne examines what it takes and who pays to develop a vaccine. We look at what is slowing vaccine development and whether the limited commercial market for Ebola vaccines means governments, charities and international donors must step in to fund research.

(Photo: Sanitation measures underway at Bunia market to contain Ebola outbreak, Democratic Republic of the Congo, 23 May, 2026. Credit: EPA)

You can email the team: businessdaily@bbc.co.uk

Producer: Matt Lines

(Correction, 16 September 2026: In this episode, first published on 15 September 2026, we incorrectly stated the size of Gavi's First Response Financing Fund. The correct figure is $500 million. We apologise for the error, which has been corrected.)

Follow the money: Why is a new Ebola vaccine taking so long to develop?

Economic unease is growing among Russian workers as fuel shortages and Ukrainian drone strikes disrupt key sectors of the economy. Ed Butler examines the pressures facing businesses, workers and consumers, from damaged refineries to attacks on Wildberries warehouses. As concerns grow over prices, jobs and supply chains, what do these disruptions reveal about the resilience of Russia's wartime economy?

Presenter: Ed Butler
Producer: Victoriya Holland

(Picture: A queue at a petrol station due to fuel shortage following a spate of Ukrainian attacks on oil refineries, amid the Russia-Ukraine conflict, in the Russian Black Sea resort of Anapa, Russia, July 8, 2026. Credit: REUTERS/Sergey Pivovarov)

The cost of war: Inside Russia's economic unease

Across Asia, a growing number of young people are becoming hikikomori, a term used to describe individuals experiencing severe social withdrawal. They shut themselves away at home, retreating from work, school and even family life for months, sometimes years.Some countries, including South Korea, are trying an unexpected approach: government-backed AI chatbots designed to help socially isolated young people reconnect with society. But can artificial companions help tackle loneliness, or could they deepen it?

This bonus episode comes from Asia Specific, another BBC World Service podcast hosted by Mariko Oi. It discusses issues including social isolation and mental wellbeing. Listeners who identify with these experiences are encouraged to seek local support.

Bonus: Could AI chatbots help Asia's socially isolated youth?

Mark Carney and Donald Trump go tit-for-tat as the list of goods subject to tariffs between the US and Canada continues to grow. But will higher import taxes on products crossing the border make cost-of-living pressures even worse for Canadians and Americans? Takara Small in Toronto and Andy Uhler in Austin join Will Bain to discuss the highlights and lowlights of the week's business news, including the much-hyped launch of Apple's first foldable smartphone and the return, at least in cinemas, of convicted fraudster Elizabeth Holmes.

Presenter: Will Bain
Producer: Josh Martin

(Photo: US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, 16 June, 2026. Credit: Evelyn Hockstein/Reuters)

Taking stock: Bad blood, bad neighbours and the return of Elizabeth Holmes

This week on Power Players, Will Bain is joined by BBC Business Editor Simon Jack to explore the future of energy giant BP. The past six years have seen significant boardroom churn, while the company has sent mixed messages to investors after scaling back plans to become a greener energy business. We examine whether the company's new leaders can restore confidence and set a clearer strategy.

Producer: Rebecca Smyllie

You can email the team: businessdaily@bbc.co.uk

(Picture: A British Petroleum gas station with the BP oil refinery in background in Whiting, Indiana, U.S., July 23, 2026. Credit: REUTERS/Nicole Jao)

Power Players: Can new BP leadership steady the ship?

As China’s Communist Party conclave gets underway, we take a look at one of the biggest things affecting the country’s economy; debt. 

2024 saw an estimated 25 - 34 million people default on their personal loans while household debt has now reached more than 60% of GDP. 

With the government using subsidies and handouts to get people spending, can China’s debt problem be solved?

Presenter: Ed Butler
Producer: Matt Lines

(Image: Diners in Shanghai, China during Golden Week, 2024. Credit: Getty Images)

Can China’s debt problem be solved?

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