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Business Weekly

Business Weekly

On Business Weekly we ask how international businesses based in Hong Kong are reacting to China’s new security laws. It is finally illegal to discriminate against LGBTQ people in the workplace in the United States, so, we hear from the man who took his case all the way to the Supreme Court. As the World Bank predicts that remittances will fall by 20% this year, we look at how that will affect communities in the developing world and speak to expat workers who send their wages home. Two big food companies are re-branding products that adhere to racial stereotypes - we consider the importance of this. Presented by Lucy Burton.

#BLM: Are brands cashing in?

#BLM: Are brands cashing in?

Companies are pledging support and money to the Black Lives Matter movement, and an end to systemic racism. Do they mean it?

Ed Butler asks Pepper Miller, a market researcher who has campaigned for over 20 years for companies to realise the value of African-American consumers.

One business that already has a long history of supporting black equality and other social justice movements is the ice cream brand Ben & Jerry's. But the company is based in Vermont, the second whitest state in America. Ed asks activism manager Chris Miller whether the firm's purported values are also reflected in their own personnel decisions.

It's a pertinent question, according to Scott Galloway, professor of marketing at the NYU Stern School of Business. With the shift in demographics and purchasing power towards young educated liberal urban workers, and the increased scrutiny of company behaviour in the Google era, he says American businesses see commercial opportunity in taking a much more overt position on US politics than we have seen in the past.

(Picture: Ben & Jerry's Justice Remixed ice cream brand ice cream tub; Credit: Ben & Jerry's)

Hong Kong's last gasp?

Hong Kong's last gasp?

China's plan to impose its new so-called security law in Hong Kong may flout the territories legal independence. Some say it may jeopardise Hong Kong's status as Asia's largest financial hub. Hedge fund manager Edward Chin tells Ed Butler that the new law will mean an end to the principle of "one country, two systems" and may lead to companies leaving the territory. Victor Shih, an expert in Chinese banking and finance based at the University of San Diego, says it could have a much more detrimental effect on China's banking system and the country's access to the world's financial markets. But James Crabtree from the Lee Kuan Yew School of Public Policy in Singapore, thinks Beijing has taken a cool headed decision and is willing to sacrifice some business for the sake of political stability.

(Picture: A Hong Kong anti-government protester raises a hand; Credit: Anna Wang/Reuters)

China's debt relief for Africa

China's debt relief for Africa

China has been one of the biggest financiers of infrastructure projects in Africa, but many African economies have been hit hard by the Covid 19 pandemic. So will China prove to be a generous and understanding creditor? Can it even afford to be?

In the edition of the programme we hear from Zhengli Huang, a freelance researcher in Nairobi, on what’s likely to happen to Chinese-financed projects in Africa. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies, looks at what sort of debt relief China can realistically offer; and Ben Cavender, managing director of the China Market Research Group in Shanghai, talks about whether China could cope with the economic hit of many countries suddenly defaulting on their debt repayments.

Presented by Manuela Saragosa. Produced by Joshua Thorpe.

(Picture: Woman serving Chinese tea in a traditional tea ceremony; Credit: Creative-Family/Getty Images)

How batteries are powering ahead

How batteries are powering ahead

Tesla's Elon Musk plans to make some big announcements about batteries that could transform cars, electricity and the fight against climate change.

Justin Rowlatt gets the inside scoop from Seth Weinbaum, journalist at the electric vehicles news-site Electrek. Meanwhile, battery chemist Paul Shearing of University College London and the Faraday Institution explains how lithium-ion batteries made the smartphone possible, and are now set to revolutionise transport.

But electrifying the world's one billion road vehicles is no small task, not to mention building even bigger batteries to stabilise renewable energy sources on our electricity grids. Where on earth will all the lithium come from? Justin speaks to another American tech entrepreneur who thinks he has the answer - Teague Egan of start-up EnergyX.

Producer: Laurence Knight

(Picture: Battery charging icons; Credit: Iuliia Kanivets/Getty Images)

A conversation with Dr Ngozi Okonjo-Iweala

A conversation with Dr Ngozi Okonjo-Iweala

The Nigerian economist and former World Bank managing director talks about Africa, Covid-19, boardroom diversity, and her hopes to lead the World Trade Organisation.

She is one of several candidates vying for the position, after the current managing director unexpectedly resigned a year early. But at a time when trade is suffering from the ravages of a sceptical Trump administration and a pandemic, is the job something of a poisoned chalice? And what would it mean for an African woman to take over?

The former Nigerian finance minister now holds multiple jobs - on the boards of Twitter, Standard Chartered Bank, and the Global Alliance for Vaccines and Immunization. They give her a unique perspective on many of the challenges now facing the planet. But Manuela Saragosa asks her whether she thinks the pool of Africans invited to these top positions needs to be widened.

Correction: During the programme, the departing head of the WTO Roberto Azevedo is erroneously referred to as Mexican. Mr Azevedo is actually from Brazil.

(Picture: Dr Ngozi Okonjo-Iweala; Credit: Lucas Jackson/Reuters)

Business Weekly

Business Weekly

Business Weekly continues the conversation around race and racism sparked by the death of George Floyd. We’ll be asking whether African Americans should be paid reparations for their ancestors' enslavement. We’ll hear from Bob Johnson, the founder of Black Entertainment Television. Mae Jamison, the first woman of colour in space, gives us her thoughts on how today’s protesters differ from those in the 1960s when she was a young girl in Chicago. Plus, the Coronavirus pandemic has changed the way that a lot of us work, so we’ll be asking whether office buildings ever be the same again. Presented by Lucy Burton.

Greece: Will the tourists come?

Greece: Will the tourists come?

As Greece prepares to reopen its beaches, tavernas and ancient monuments for the summer season, the country is anxious that few tourists will turn up, and those that do could bring the coronavirus back with them.

Manuela Saragosa asks tourism minister Harry Theoharis whether his country is being reckless in opening up so quickly, having so successfully contained the virus within its own borders.

Meanwhile Florian Schmitz reports from the island of Thassos, where many restaurants and cafes may not bother opening for the season as the demands of social distancing and the expected paucity of customers make it hardly worth the effort.

Plus travel writer Simon Calder discusses how the coronavirus is likely to transform the character of tourism this season, and perhaps in the long-term too.

(Picture: Empty sun chairs on a sandy Greek beach; Credit: mbbirdy/Getty Images)

Russia's covid crisis

Russia's covid crisis

Russia is ending its lockdown as officials congratulate citizens on a shared victory. But with infection rates still sky-high, some say it's premature, and that it's more to do with politics than the best interests of the nation. What's at stake for Russia and its strongman, Vladimir Putin?

On this edition of the programme, we hear from Dmitry Nechaev who runs a bicycle workshop in Moscow on his fears for the future. Economist Sergei Guriev talks about the economic impact of the pandemic on Russia's economy and the country's small businesses; and Catherine Belton, author of Putin's People, explains the political fallout of Vladimir Putin's handling of the crisis.

(Image: A commuter in a face masks on a Moscow Underground train. Credit: Getty Images).

Reparations for African-Americans

Reparations for African-Americans

This is an old idea gaining new currency amidst the latest Black Lives Matter protests. Should billions of dollars in damages now be paid to descendents of African-American slaves for the sins of the past. How would this happen? Why? And would modern white America ever agree to it? One man who's long thought so is Bob Johnson, founder of Black Entertainment Television and RLJ technologies and who became the first US African-American billionaire in the 1990s. Ed Butler also speaks to Professor William Darity, an economist of Public Policy at Duke University. He's written a book on the reparations idea, "From Here to Equality". He also hears from Caitlin Rosenthal, an historian at the University of Berkeley who has studied this era, and the enormous economic boon that slavery brought to the emerging industrial superpower, the United States of America. (Photo credit: Getty Images)

Bill Gates: the ‘voodoo doll’ of Covid conspiracies

Bill Gates: the ‘voodoo doll’ of Covid conspiracies

Why are there so many conspiracy theories swirling in the online world about billionaire philanthropist Bill Gates? Jane Wakefield explores why people might seek conspiracy theories, and asks if they are just part of the online rumour-mill, or can cause actual harm. Jane hears from Rory Smith from fact-checkers First Draft News, from Marianna Spring from the BBC’s anti-disinformation team, and from Professor Joseph Usinski, who argues that these kinds of theories have always been a part of life, and most die away naturally. But Rory Smith and Bill Gates himself warn that they could harm vaccine uptake, and are more than a bit of online fun. Photo of Bill Gates, photo credit AFP/Getty

Offices and cities after coronavirus

Offices and cities after coronavirus

Does commuting into the office have a future? Manuela Saragosa speaks to Mike Hampson, chief executive of Bishopsgate Financial, which has permanently closed its office in London's financial district in favour of home working. Luke Philpott from the commerical property agents DeVono Cresa describes the steep drop in demand for office space during the lockdown, while Tom Carroll from the commercial property company JLL argues that the office still has a crucial role to play in company life. And urbanist Richard Florida from the University of Toronto explains why cities will continue to be vital centres of business and innovation, despite the impact of the virus.

(Photo: The skyline of London's financial district, Credit: Getty Images)

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