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BBC World Service

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

World Business Report

Traders in Iran have staged a second day of protests in Tehran, with many closing their shops and marching through key commercial areas to protest the collapse of the rial. Videos on social media show crowds chanting slogans against the government of President Masoud Pezeshkian, as officials warn against unrest and blame sanctions for the currency’s sharp fall.

Also, the hacking of Jaguar Land Rover has highlighted growing cyber vulnerabilities in the global car industry.

And with global military spending at record highs, we look at how defence budgets have surged in response to war and rising geopolitical tensions, with analysis from defence budget expert.

(Image: A Iranian man sells boiled beetroot and lava beans in Tajrish Bazaar in Tehran, Iran, 08 December 2025. Credit: ABEDIN TAHERKENAREH/EPA/Shutterstock.)

Iran traders protest as rial plunges

One year on from South Korea’s worst air crash, families say they’re still waiting for answers. 
 
Also, South Korea’s biggest e-commerce firm, Coupang, has agreed to pay over a billion dollars in compensation to its users for a massive data breach.
 
We also look back at the hacking of one of the UK's most famous brands – Jaguar Land Rover.
 
And the new James Bond game, 007 First Light, has been delayed until the end of May.

Presenter: Leanna Byrne
Producer: Ahmed Adan
Editor: Justin Bones

Families seek answers a year after the South Korean plane crash

We're looking at what's happening inside Cambodia, amidst that border conflict, with incursions going deeper into the territory from the Thai military. What are the economic consequences for Cambodia? Also we're looking at the sliding global oil price, and what Nigerians do for fun at the year's end.

You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

What is the economic impact of the fighting between Thailand and Cambodia?

Ex-Malaysia PM Najib Razak has been jailed for 15 years for abuse of power and money laundering - Bisi Adebayo looks at the details.

Japan approves a record-breaking budget with defence spending at a new high.

And we head to to Nigeria, where 'Detty December' is proving to be big business, a point echoed by Nigerian singer and event co-founder Darey Art Alade.

1MDB: Ex-Malaysia PM Najib Razak found guilty in state funds scandal

Frey Lindsay looks back on the stories shaping the world of money and work in 2025. It's been a year where tariffs have grabbed many of the headlines and we hear from our correspondents around the world on the impact they've had. We also hear about the biggest toy and collector craze of 2025 - the Labubu doll.

Review of the year 2025 - from Tariffs to Labubus

In Pakistan, the government has sold its national carrier, PIA, in an auction which was televised live. The airline sold for $482 million. Gideon Long speaks to Muhammad Ali, the privatisation adviser to Pakistan's Prime Minister Shehbaz Sharif.
 
We hear from two countries at the sharp end of Donald Trump’s tariffs over the past year - India, which is on 50% US export tariffs, and South Africa facing 30%. 
 
And in the UK there is a blue and smelly cheese called Stilton which many people traditionally eat at Christmas. In fact 40% of sales are in the six weeks before Christmas. But its makers are on a mission to change all that and make Stilton a year round nibble. 

(PHOTO: View of a Pakistan International Airlines (PIA) passenger plane at Islamabad International Airport, Pakistan October 3, 2023. Credit: REUTERS/Akhtar Soomro/File Photo)

Pakistani auctions its state airline live on TV

Leanna Byrne is joined by Russ Mould of AJ Bell to look back at the market moments that defined the year from tariffs and precious metals to the growing influence of artificial intelligence. 

Plus,the latest US jobs figures show a fall in new applications for unemployment benefits. 

And India launches its heaviest-ever rocket yet, another sign of its ambitions to compete in the fast-growing global satellite industry.

The market moments that shaped the year

The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased but consumer sentiment is low, Rahul Tandon hears from a business about what things are like on the ground. 
 
The US Food and Drug Administration (FDA) has approved a pill version of the weight-loss drug Wegovy, according to pharmaceutical giant Novo Nordisk.
 
And, an important moment for Indian female cricket players seeing their match fees doubled for domestic games.

(Photo: A person shops for products imported from Asia at a market in Los Angeles, California, USA, 07 April 2025. Credit: ALLISON DINNER/EPA-EFE/REX/Shutterstock)

US economy better than expected

New figures suggest the US economy is powering ahead but questions remain about what that really means for businesses? Leanna Byrne looks at what’s behind the data.
 
Also, US regulators have approved the first pill version of the blockbuster weight-loss drug Wegovy.
 
And could North Koreans be working remotely for US companies?

Is the US economy in better shape than expected?

The American billionaire Larry Ellison has promised more than $40 billion of his money in support of Paramount to buy rival studio, Warner Bros Discovery. Where does this leave antitrust questions around a Paramount or Netflix takeover? Ed Butler hears from Phillip Berenbroick, who served as chief counsel for the US Senate’s judiciary subcommittee on antitrust matters.
 
How much money is Morocco spending as host for the African Cup of Nations? 

Also, we explore Yiwu, China’s capital of Christmas

(Photo: Paramount, Netflix and Warner Bros logos are seen in this illustration taken December 8, 2025. Credit: REUTERS/Dado Ruvic/Illustration)

Another dramatic turn in the Warner Bros Discovery takeover

Leanna Byrne takes a look as Jim Beam, one of the most recognisable names in American bourbon, confirms it will pause production for a year at its main Kentucky distillery from January. 

India and New Zealand strike a new free trade deal, cutting tariffs and opening markets on both sides. 

And at the box office, the latest Avatar: Fire and Ash opens more quietly than expected in the US, despite strong takings overseas.

Why is whiskey maker Jim Beam pausing production?

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