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BBC World Service

The latest business and finance news from around the world, on the BBC.

World Business Report

The UK announces an extra $2.8 billion to be spent on defence. The announcement was made as part of the UK Chancellors, Rachel Reeve’s, Spring Budget.
At least twenty-four people have been killed in the deadliest forest fires in South Korea's history. Tens of thousands of people have been evacuated from their homes. 
And, In the US judges have blocked Universal Music Group's request to stop the AI company 'Anthropic' from using their song lyrics to train its AI mode

UK announces extra $2.8 bn for defence

The US President Donald Trump has announced plans for long-promised tariffs on automotive imports shipped into the United States, and the tariffs will go into effect on 2nd April and will apply to finished cars and trucks that are shipped into the United States.
 
Also, Maryland is marking one year since a cargo ship crashed into Baltimore's Francis Scott Key Bridge. The owner of the ship agreed to pay 102 million in damages back in September, and now it’s expected that the new bridge will be finished in 2028.
 
And Rahul Tandon discusses Marvel announcement of the production for Avengers: Doomsday, which is underway and appears to have revealed its cast.

Trump targets the auto industry in new tariffs

President Trump has announced a 25% import tax on cars and car parts coming into US. The president said the measure would lead to "tremendous growth" for the industry.
China has reportedly ordered state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing, following his announcement that he plans to sell two ports in the Panama Canal to a US consortium
And the Elizabeth Line in London will soon be operated by Japan's Tokyo Metro company. The BBC’s Mariko Oi speaks to their CEO

Trump announces tax on imported cars

The Canadian prime minister, Mark Carney, has said the United States is no longer a reliable partner after President Donald Trump imposed 25% tariffs on car imports. Rahul Tandon speaks to businesses in both the US and Canada.
 
China's biggest company, Tencent Holdings, has made more than a billion-dollar investment in a new spin-off company of the French gaming giant Ubisoft, which owns franchises including Assassin’s Creed and Tom Clancy’s Rainbow Six.

Canada defiant on Trump car tariffs

Myanmar's military rulers have appealed for international help after a massive earthquakes
Australians will head to the polls on May 3rd, after the prime minister Anthony Albanese called a federal election
And America is seeking to import eggs from European countries as they're in short supply due to the aviation flu outbreak. We hear from a bakery in Brooklyn on how they are coping with the inflated prices of eggs

UN reacts to Myanmar earthquake

Myanmar's military leader, Min Aung Hlaing, has made a rare request for international help after a powerful earthquake hit the centre of the country, flattening buildings and bridges.
 
The US vice president, JD Vance, has accused Denmark of underinvesting in the security of Greenland and leaving it vulnerable.
 
The Canadian prime minister, Mark Carney, says he has told Donald Trump that Ottawa will impose retaliatory tariffs on American goods from early April.

Myanmar Earthquake: How does aid get to where it’s needed?

As Myanmar grapples with the aftermath of a devastating earthquake, the official death toll has now exceeded two thousand. Sam Fenwick examines the country's economy as rescue operations continue and preparations for rebuilding begin.
 
The world watches closely as President Trump’s so-called "Liberation Day" on tariffs approaches.
 
Plus South African businesses work to repair relations with the US following criticism of the country's land reform policies.

Myanmar earthquake: assessing the humanitarian and economic toll

Businesses prepare for Trumps ‘Liberation Day’ as the United States heads towards massive introduction of import taxes later this week
Japan is one of the US’s biggest investors. How will they cope with tariffs? We hear from Stephen Nagy Professor at the International Christian University in Tokyo.
We also hear from Cleveland-Cliffs steel, a US steel company that supports the implementation of tariffs

Businesses prepare for Trumps ‘Liberation Day’

With President Donald Trump set to announce a wide range of new tariffs on Wednesday, Andrew Peach takes a closer look at Vietnam, where the government is not adopting a tough stance but is instead aiming to strike a deal. 

We also examine how the war in Ukraine has accelerated advancements in defence technology in Finland. 

Plus, why soaring gold prices are good news for South Africa.

Vietnam seeks deal with US amid Trump's tariff threats

What do we know about Donal Trumps ‘Liberation Day’ tariffs? On Wednesday Trump will announce the tariffs the US will impose on its trading partners
Argentina’s poverty rate has fallen dramatically. Argentinien journalist Fermin Koop tells us more 
And Paul Mescal and Barry Keoghan have been confirmed as part of the all-star line-up who will play members of the Beatles in four major new films about the band

What do we know about ‘Liberation Day’ tariffs?

While President Trump has praised his tariffs again, the US economy has shrunk for the first time in three years. Meanwhile, China's factories take a big blow amid the ongoing trade war. 

Rahul Tandon speaks to small businesses owners feeling the pinch. 

Plus, with elections looming in Australia this weekend, we take a closer look at the soaring cost of housing—and what it could mean for voters.

Are tariffs biting the United States and China?

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