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World Business Report

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World Business Report
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  • US federal workers miss their first paycheques since shutdown
    Hundreds of thousands of federal employees have missed their full paycheques for the first time since the beginning of the government shutdown three weeks ago, with Democrats and Republicans still blaming each other for the lapse in federal funding. We hear from a US federal employee at the Department of Defence on the East Coast. And this week the fight moved to the courts over another politically contentious area – the massive charges the Trump administration wishes to impose on H1B visas – the work visas issued to up to 65,000 foreign workers each year, looking for jobs that US employers say they are unable to fill otherwise. Also, Canada's prime minister, Mark Carney, says he's ready to resume trade negotiations with the United States when Washington is ready. This comes after President Trump announced he was abruptly ending talks because of an anti-tariff advertising campaign by the province of Ontario. (Picture: A sign outside the National Gallery of Art alerts visitors the museum is closed in Washington and remains closed due to the government shutdown on 23 October 2025. Credit: photo by JIM LO SCALZO/EPA/Shutterstock).
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  • Trump says trade talks with Canada 'terminated'
    Donald Trump says he's ending trade talks with Canada, all over an ad. He accused Canada of fraudulently using Ronald Reagan’s words in what he called a “fake” advertisement. We hear from a Canadian business owner.China calls for calm ahead of trade talks with Washington… And Russia faces fresh sanctions as it sets interest rates. We speak with the former Russia Prime Minister Mikhail Kasyanov. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Justin Bones
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  • NBA stars and mafia arrested in illegal gambling crackdown
    Two leading US basketball figures are among thirty-four people arrested as part of FBI investigations into illegal gambling and the Mafia. The Portland Trail Blazers head coach Chauncey Billups is accused of playing in rigged poker games in New York. The Russian president, Vladimir Putin, has described this week's new US sanctions on Russia’s two biggest oil companies as an unfriendly act. But at the same time, he's claimed they won't have a substantial impact on Russia's economy. And we will look at the cost of insurance for museums after the priceless jewels thieves stole from the Louvre museum in a brazen heist this week, which were not privately insured.(Picture: Miami Heat guard Terry Rozier (2) handles the ball during the second quarter against the Washington Wizards at Capital One Arena in March 31, 2025: Credit: Reggie Hildred-Imagn Images/File Photo)
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  • US and EU increase pressure on Russian energy sector
    Fresh sanctions are hitting Russia's energy sector, from both the European Union and the United States. The goal is to squeeze the money earned from energy imports. How will it impact Russian economy? Also, will India and China reduce their crude oil consumption? And China's economic plan - after four days of discussions at home, what priorities are being set for the rest of the decade? You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Stephen Ryan
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  • Starlink cuts services to Myanmar scam camps
    Elon Musk's SpaceX says it has cut Starlink satellite communication links to more than 2,500 devices used by scam compounds in Myanmar. The UAE's AI minister has told the BBC that the country is choosing the United States and American companies over China as their preferred partner when it comes to AI. And, despite the US's $40 billion rescue package for President Javier Milei, investors are betting that Argentina will sharply devalue its currency after this weekend's midterm elections. (Picture: At least 84 repatriated Indonesian citizens who once worked in scam centres in Myanmar and arrived in the Indonesian capital on 28 Feb 2025. Credit: BAGUS INDAHONO/EPA-EFE/REX/Shutterstock)
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