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Venezuela: 'The world's weakest economy?'

Venezuela: 'The world's weakest economy?'

A third of Venezuela's population is at risk of malnutrition, according to the UN and the latest gasoline crisis could weaken the country's economy further. Entire villages are said to have been cut off from food supplies because trucks can't get fuel to deliver to them. That’s the context a crisis which has made Venezuela the world’s weakest emerging economy, according to a recent review by the Economist magazine. Earlier this month the situation became even more volatile when two Americans were caught apparently trying to launch a coup attempt against the government. We hear from Adam Tooze, a professor of history at Columbia University and we get the views of Venezuelan opposition politician Manuela Bolivar. (Picture of a woman wearing a face mask walking next to graffiti reading Don't be a slave of the dollar in Caracas, photo by Federico Parra via Getty Images).

Business Weekly

Business Weekly

How do you feed a world in lockdown? We’ll be looking at the pressures on the global food supply chain in this episode of Business Weekly. As many choose to buy more locally produced food we’ll ask whether new habits will stick. Two renowned economists tell us that any governments handing out Coronavirus bailouts must learn the lessons from the financial crisis of 2008 and impose tighter conditions. ABBA’s Bjorn Ulvaeus speaks to us about life in Sweden during the pandemic and gives us his thoughts on fellow countrywoman Greta Thunberg. Plus - has the coronavirus forever changed the workplace as we know it? Lucy Burton presents.

Coal vs coronavirus

Coal vs coronavirus

Coal has suffered the brunt of the huge slump in electricity demand as the world has gone into lockdown. It has highlighted the fossil fuel's Achilles Heel: When there is too much supply on the grid, it's coal-fired power stations that get switched off, not solar or wind.

Justin Rowlatt speaks to the head of the International Energy Agency Fatih Birol, as well as analysts covering the two countries most central to coal's future. Delhi-based Sunil Dahiya says that India is already reckoning with renewable energy that is cheaper 24/7 than the cost of operating its existing coal fleet. Meanwhile Shirley Zhang of energy analysts Wood Mackenzie says that China's plans to build new coal-fired power stations is already baked in.

Plus, Business Daily's favourite chemistry professor, Andrea Sella of University College London, explains why coal played such a central role in getting the Industrial Revolution started, with the help of an uncooperative steam engine.

Producer: Laurence Knight

(Picture: Cooling towers at the decommisioned Willington Power Station in northern England; Credit: Paul Ellis/AFP via Getty Images)

Billionaires and the Pandemic

Billionaires and the Pandemic

Some of the world’s richest people have been digging deep during the pandemic, donating their own money to help fight Covid-19. With some of the wealthiest 1% already funding medical research, we ask how comfortable we should be with billionaires taking on an even bigger role in public health. Vivienne Nunis speaks to David Callahan, editor of the website Inside Philanthropy and Rob Reich, Professor of Political Science and co-director of the Center on Philanthropy and Civil Society at Stanford University. Chris Anderson, the head of the ideas-sharing platform, TED, tells us philanthropy needs a shake-up. And, neuroscientist Dr. Christof Koch explains what it’s like to work at a medical research institute funded by private money. (Picture: a charity savings jar. Credit: Getty)

Feeding a world in lockdown

Feeding a world in lockdown

Lockdowns and the coronavirus pandemic have disrupted global food supply chains and limited the range of products on supermarket shelves in the rich world. Could new buying habits stick even after lockdowns end? Will less choice and seasonal produce become the 'new normal'? Manuela Saragosa talks to Guy Singh Watson of Riverford Organic Farmers in the UK, who welcomes the change in what's on offer, and Abdoul Wahab Barry of the International Fund for Agricultural Development in Cote D'Ivoire, who tells us what the disruption means for farmers in West Africa. And Professor Richard Wilding from Cranfield School of Management, a logistics and supply chain expert, gives us his take on what supply chains will look like in the future. (Image: Nearly empty pasta shelves in supermarket; Credit: Press Association)

How to build a bailout

How to build a bailout

Coronavirus is prompting the biggest government bailout effort of all time. Billions of dollars are being spent rescuing companies hit by the economic damage caused by the pandemic, but there are already criticisms that money is not going where it is most needed. In the US small and medium sized firms have been refused bailout loans, while larger firms have been borrowing millions; Ed Butler mulls the inequities in the system with Amanda Fischer of the Washington Center for Equitable Growth and Amanda Ballantyne of the Main Street Alliance. Eric de Montgolfier, Chief Executive of Invest Europe, an umbrella body representing private equity firms argues that all companies should be treated the same and Carys Roberts at the UK’s Institute of Public Policy Research suggests that certain criteria should be adopted by governments when they step in and that businesses themselves need to be responsible. (Image: UK Chancellor, Rishi Sunak, Credit: AFP Getty)

Business Weekly

Business Weekly

On Business Weekly we hear from New York chef Gabrielle Hamilton who’s lost her life's work to the pandemic and is worrying about her future and that of her staff. What help are governments giving to small businesses like hers? As New Zealand announces that it has no new cases of Covid-19 we find out how businesses are adapting to a new way of working as the country begins to lift lockdown restrictions. Advertising mogul Sir Martin Sorrell tells us about the effect the pandemic is having on his industry - and we’ll hear from the editor of a newspaper who tells us how he’s coping with a fall in advertising revenue.Plus, as parents struggle with working from home and looking after children, we find out what life is like for single parents at the moment.Presented by Lucy Burton.

Markets and the economy: Two staggering drunks

Markets and the economy: Two staggering drunks

Why are stock markets so buoyant as the global economy slides into a possible coronavirus-induced depression? Some 33 million Americans have lost their jobs in the past two months of the pandemic, yet the Nasdaq market is now higher than it was at the start of the year.

The financial markets and the economy have been described as two staggering drunks tied together by a rope. Manuela Saragosa explores this odd analogy and how it applies to the current disconnect between share prices and jobless claims, with the help of Jane Foley, financial strategist at Rabobank.

Meanwhile emerging markets are experiencing unprecedented financial outflows that risk undermining their ability to limit the damage Covid-19 does to their economies, according to Martin Castellano of the Institute of International Finance. Yet in the US, the Federal Reserve had no problem staving off financial calamity by promising to do whatever it takes, says Fed economist Julian Kozlowski.

Producer: Laurence Knight

(Photo: Drunken couple. Credit: Getty Images)

Bringing back football

Bringing back football

The English Premier League's plans to finish the season after weeks of shutdown. Almost all major European football leagues have been on hold since March due to coronavirus. Ed Butler speaks to BBC Sports journalist Emlyn Begley about missing live football and his new love for the Belarusian league - the only place in Europe still staging matches. Football finance expert Kieran Maguire explains why failing to finish the season could cost the Premier League more than $1bn. And football club chairman Mark Palios says the current plan of playing matches behind closed doors is not an option for less wealthy clubs in lower leagues.

(Photo: Anfield Stadium, home of Liverpool FC, after the shutdown of the league in March. Credit: Getty Images)

How coronavirus broke Brazil's economic dream

How coronavirus broke Brazil's economic dream

Could economy minister Paulo Guedes be the next key ally to abandon embattled President Bolsonaro?

A corruption scandal has already seen the popular justice minister walk away. Meanwhile Bolsonaro fired his health minister as he seeks to reverse his own government's lockdown on the economy. With the official number of Covid 19 cases in the country surpassing 100,000, we hear the frustration of a doctor on the frontline.

As for the economy minister, the BBC's South America business correspondent Daniel Gallas explains how this proponent of spending cuts and privatisation is coming to terms with a hugely expensive income support programme backed by Bolsonaro. Plus economist Monica de Bolle of the Peterson Institute explains why she fears that despite these measures, her country could be on the verge of a depression.

Presenter: Manuela Saragosa Producer: Laurence Knight

(Photo: People using protective masks wait in line outside a Caixa Economica Federal bank branch in Sao Goncalo, Brazil, to receive urgent government benefit amidst the coronavirus pandemic. Credit: Getty Images)

After Coronavirus: A Trans-Tasman travel bubble?

After Coronavirus: A Trans-Tasman travel bubble?

New Zealand is seen by many as a great example of surviving coronavirus, but with such a tourism-heavy economy there are concerns a further shock is to come. One idea mooted to help alleviate this is the so-called “trans-Tasman bubble” in which travel restrictions between Australia and New Zealand would be reciprocally lifted, before all the world’s borders open up, to stimulate commerce between the two nations. This programme features Colin Peacock in Wellington, Maggie Fea from Gibson Valley Wines in Queenstown, Veteran New Zealand politician Peter Dunne and Pacific health policy expert Dr. Colin Tukuitonga.

(Picture: The Australia and New Zealand flags. Picture credit: Getty Images)

Losing your business to the pandemic

Losing your business to the pandemic

Gabrielle Hamilton used to run the celebrated New York restaurant Prune. Then the coronavirus pandemic hit. After being forced to shut the place that was her life's work, she wonders if there will still be a place for it in the New York of the future.

(Picture: Gabrielle Hamilton preparing food in the kitchen of her now closed restaurant Prune; Credit: Eric Wolfinger)

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