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BBC World Service

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

World Business Report

A major global policy forum, the OECD, has predicted that President Trump's trade tariffs will hit world growth and raise inflation. It has more than halved its growth outlook for Canada.

Why does China want people to spend more cash? 

And Will Bain finds out how an Irish religious holiday has so much impact globally.

Trade turmoil hits the global economy

The OECD has said Mexico’s economy will shrink due to tariffs imposed by the US. Mexico is now forecast to contract by 1.3% this year and shrink a further 0.6% next year, instead of growing by 1.2% and 1.6% as previously expected.
A Peruvian farmer has taken RWE, the German energy giant, to court arguing the company’s greenhouse gas emissions are causing glaciers to melt, increasing the flood risk to his home
And consumer protection group in Hong Kong has advised people looking for a new mattress to take an in-store nap before buying

OECD says Mexico economy will shrink due to tariffs

Germany’s parliament has approved plans to inject up to €1trillion into the country’s military and infrastructure, in a move that could revive Europe’s largest economy.

A Chinese electric vehicle company has developed a new battery that can charge a car in 5 minutes. 

And Will Bain finds out why soda and a gut healthy prebiotic are teaming up.

Germany passes historic debt reform

Ukraine's power plants have been the subject of missile assaults since the beginning of the war. We ask how has Ukraine’s energy infrastructure survived the war?
Germany’s Parliament has passed historic ‘debt backed’ defence spending measures, so the country can borrow far more for weapons and infrastructure.
And one of Hollywood’s biggest producers, Village Roadshow, has filed for bankruptcy. The production house was responsible for titles such as ‘The Matrix’ and ‘Ocean’s Eleven’.

How has Ukraine’s energy infrastructure survived the war?

The US Federal reserve holds interest rates. The rate remains unchanged despite the uncertainty created by tariffs
Argentina's economy has shrunk 1.7% in 2024 compared with 2023. We hear from Professor of Economics at Belgrano University, Luis Arguero
And how will the second hand clothes marker benefit from tariffs?

Fed predicts higher inflation and slow growth for US

China is imposing tariffs on a variety of Canadian products. It follows Canadas tariffs on Chinese electric vehicles.

Andrew Peach finds out how much debt the world is in ?

Plus the International Olympic Committee is about to elect a new President. But does the cost of hosting outweigh the benefits?

Trade wars: China targets Canada

Thousands of people have been forced to work in Chinese-run scam centres in Myanmar, carrying out online fraud targeting victims around the world. Ed Butler explores why these centres exist—and hear the remarkable story of one woman who managed to escape.

Also, China imposes a fresh wave of tariffs on Canada.

And Russia and Ukraine discuss a potential ceasefire on energy infrastructure—but who will benefit most?

Myanmar's scam centres: Why do they exist?

Europe's busiest airport, Heathrow, says it will be closed all day because of a fire at an electrical substation. Thousands of people and global flights have been affected.

So how has such a major transport hub failed? Andrew Peach speaks to an expert in emergency planning.

How a fire shut down Europe's busiest airport

Some forecasts place Africa as the world’s second-fastest-growing region in 2025, trailing only East Asia. But with uncertainty clouding the global economic outlook, Ed Butler explores whether the continent can maintain its growth momentum with Sim Tshabalala, CEO of Standard Bank, Africa's largest commercial lender.

Meanwhile, Ethiopia’s parliament has introduced a new tax on workers and businesses aimed at bridging the funding gap left by the suspension of USAID support.

And at London's Heathrow Airport, questions are being asked about its resilience, after a fire at a nearby electrical substation forced Europe’s busiest airport to shut down, leaving hundreds of thousands of passengers stranded.

Africa's economic future: growth or uncertainty?

Anti-Government protests in Turkey have reached levels not seen in more than a decade. How will it affect Turkish economy?
 
Will Russia reach a Black Sea deal?
 
We head to China, where executives from 80 multinationals -- ranging from Apple and Blackstone to Pfizer and FedEx -- are gathered in Beijing. The country is seeking to shore up foreign business confidence.
 
And why are the chart-topping K-Pop group NewJeans not allowed to go on the stage anymore?
 
You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!

Turkish economy under pressure from anti-government protests

Ukraine and Russia have agreed to a ceasefire on the Black Sea. The White House says Russia and Ukraine have agreed a safe passage for commercial shipping
Tesla’s sales in Europe fall despite upswing in electric vehicle market 
And a cryptocurrency company is planning to roll out mini-power plants to rural villages in Africa in order to bring electricity to create Bitcoin.

Ukraine and Russia agree Black Sea ceasefire

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