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Lockdown, rebound, lockdown

Lockdown, rebound, lockdown

2021 has seen some extraordinary economic changes. First a global economic rebound, then a global supply chain crisis, then inflation of a kind not seen in western countries for decades. And finally millions of people deciding they didn't even want to go back to work after lockdown. So what could 2022 have in store? Ed Butler discusses all this with Oxford economist Linda Yueh of Oxford University and author of the Great Economists, and Mohamed El-Erian, President of Queens College Cambridge. (Picture of interest rate graph. Picture credit: Getty Images).

Millions still not back at school

Millions still not back at school

The World Bank says this could cost the global economy $17 trillion. Coronavirus brought education systems across the world to a halt. At its height more than ninety percent of the globally enrolled student body were not in school. That’s more than 1.6 billion learners. Nearly two years on from the start of the pandemic, hundreds of millions of children are still not back in the classroom. In Uganda, as the BBC’s Patience Atuhaire tells us, schools were closed in March 2020 before the country registered a single coronavirus case. They are yet to reopen. She interviews a father whose twelve children have missed nearly two years of school. Robert Jenkins, the Director of Education and Adolescent Development at UNICEF, says the global economic impact of this lost education amounts to $17 trillion. He says the need for governments around the world to reopen all schools is critical.

(picture of Fred Ssegawa's children via BBC).

End of the roads

End of the roads

Roads? Where we’re going, do we need roads? Some countries think they've already got too many. In the face of a climate catastrophe, the Austrian and Welsh governments are reconsidering plans to expand their road networks, moving away from a car-first model to better include more environmentally modes of transport. In Wales, they’ve all but halted any new roads as Climate Minister Julie James tells us, and are instead looking at improving public transport and active travel measures. In Austria we speak to Leonore Gewessler, Minister for Climate Action in the national government, who says that to build more roads would only attract more traffic and therefore more pollution. Electric vehicles could go some way to lowering carbon emissions, but the take up isn’t fast enough, says transport researcher Giulio Mattioli and so reducing reliance on cars altogether has to be a priority. And that means reimagining how cities are built to accommodate convenience, but without the car – transport planner Susan Claris tells us how that can be done. Today’s programme is presented by Tamasin Ford and produced by Russell Newlove.

Business Weekly

Business Weekly

On this edition of Business Weekly, we’re looking at rising inflation in Turkey, and hear how different communities are trying to live during a period of economic uncertainty. Victoria Craig tours Istanbul to hear from shop workers and families caught up in the currency crisis. Plus we focus on the Netherlands, and Meta’s proposals to build a giant, energy-hungry data-centre there. We hear how the community is divided on the plans from Facebook’s parent company. We’ll look at the diplomatic spat between Lithuania and China, that now has implications for trade between the two countries and the wider European Union, and we also delve into the world of premium pet food, to hear how today’s cats and dogs are getting the luxury treatment from their owners. Business Weekly is presented by Sasha Twining and produced by Clare Williamson. (Image: Tourist shop in Istanbul's spice market, credit: Getty Images)

High risk investing

High risk investing

Why has it become so popular for millions of young people? Has the failure of conventional nest-eggs, rising student debt and high property prices forced twenty-somethings into an ever riskier outlook - and what's the pandemic got to do with it? Nachiket Tikekar, a 23 year old student of business, tells Ed Butler why he decided to stick all his spare money into stocks and shares and why he's not scared of the markets crashing. This has all been made possible by the rise of low-cost online trading platforms like The Zerodha, which is India's biggest. Somnath Mukherjee runs its business and legal operations. Ed also speaks to Sarah Pritchard, the executive director of markets at the UK's Financial Conduct Authority who are trying target these risk adverse investors with warnings through new platforms such as TikTok. And Lesley-Ann Morgan has led a global study looking at investment trends, including for younger people, across more than 20 countries for Schroders Wealth management. She says thousands of young people have been saving as a result of forced lockdowns, and are feeling more inclined to ignore traditional investment strategies. (Picture of a young investor. Picture Credit: Getty Images).

The Turkish lira and red hot inflation

The Turkish lira and red hot inflation

The official inflation rate in Turkey is above 21% and the value of the lira has plunged by nearly half this year. Victoria Craig hears from families, students and workers about what a currency crisis, fueling red-hot inflation, feels like to live through.

(Picture Description: Turkish Flag, Picture Credit: Getty Images).

The Meta data centre dilemma

The Meta data centre dilemma

What is at stake when a big company like Meta comes knocking on your door? The small Dutch town of Zeewolde is grappling with this. Meta - the parent company of Facebook, Instagram and WhatsApp - wants to build a huge data centre in the area which could be the biggest in Europe. It is a proposal which has raised questions about land-use, water consumption, political power and energy.

The municipality says it will bring significant benefits – but not everyone agrees. Opponents like local resident Sipke Veentra, say the centre will use five times the amount of energy that their local windmills provide. And local farmer Carla Dekker is concerned that prime agricultural land is being given over to development and is worried about the amount of water Meta will use. They both claim Meta is being given preferential treatment over local businesses. But those in favour, like Egge Jan de Jonge the local cabinet member who is steering the deal through, says Meta will have to provide new power supplies to feed the centre and that they have a proven record of having done this in the past.

Stijn Grove, from the Dutch Data Centre Association says there is no Dutch national strategy and that more political leadership is needed from the top. And Sebastian Moss, who watches the data centre industry for the website DatacenterDynamics says companies face similar challenges to Meta when trying to site hyper-scale data centres all over the world.

(Picture: Data centre; Credit: Getty Images)

The pet food gold mine

The pet food gold mine

The pet food industry is a multi billion dollar business but are premium brands - with premium ingredients - worth spending more money on? And could insect protein be the key to a more sustainable way of feeding our animal companions? Elizabeth Hotson gets the facts and figures from Kate Vlietstra, a global food and drink analyst at Mintel. We also hear from Tom Neish, founder of insect-based cat and dog food company, Yora. Plus, Rachel Grant from premium pet food brand, Laughing Dog, tells us why she believes her product is worth splashing out on. A trio of dog owners tell us what's on their pets' menu and Sean Wensley, senior vet at the pet charity, PDSA explains how to make sure your animal companion eats a balanced diet. Plus, Natalia Santis, manager at the Java Whiskers cat cafe, describes the eating habits of their eleven fussy felines. (Picture of treat time at Java Whiskers cat cafe. Picture by Elizabeth Hotson).

The problem of parasites: who pays for neglected tropical diseases?

The problem of parasites: who pays for neglected tropical diseases?

Leishmaniasis may not be a household name in much of the rich world, but the parasitic disease is found in over 90 countries, and can lead to agonising disfigurements, and death. It’s classified as a neglected tropical disease, which means treatment is underfunded and under-researched. We hear from British adventurer and writer Pip Stewart, who contracted Leishmaniasis on an expedition through the jungle of Guyana. She received treatment in the UK, but it was a harrowing experience. Pip explains how her Guyanese friends have to resort to excruciating home remedies to try and stem the parasite. She’s written a book about her ordeal: Life Lessons from The Amazon. We also get the view from Ethiopia, where Dr Helina Fikre explains the difficulties in treating the same parasitic illness. Dr Laurent Fraisse from the Drugs for Neglected Diseases Initiative tells us about his organisation’s search for better treatments, while Dr Madhukar Pai calls for an overhaul of the way tropical diseases are funded. Image: The Leishmaniasis parasite under a magnification factor of 1000. Photo By BSIP/UIG Via Getty Images

Presenter: Vivienne Nunis Producer: Sarah Treanor

Business Weekly

Business Weekly

On this edition of Business Weekly, we look at Germany to see how the change in chancellor from Angela Merkel to Olaf Scholz may impact the direction of the country, both domestically and on the world stage. We also hear how Ukrainians are faring economically as relations with their neighbour Russia sour further, and how there’s further military tension on the border. Plus, we look at the business of private adoptions, and hear how much money can change hands when a child is welcomed into a new home. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.

Blacklisted in China

Blacklisted in China

Lithuania has provoked China's rage by going too far in recognising Taiwan. Beijing is now apparently blocking Lithuanian imports and is even threatening global firms who trade with Lithuania. The spat was started by Lithuania's decision to allow a Taiwanese Representative Office to open in Vilnius in November. China says Taiwan is part of its territory. This has all come days after Brussels proposed a new law allowing it to retaliate against economic sanctions like this. Ed Butler speaks to Finbarr Bermingham, the Brussels correspondent of the South China Morning Post, Shelley Rigger from Davidson College in the US and a leading expert on Taiwan's trade relations and Hosuk Lee-Makiyama, the director of the European Centre for International Political Economy who is advising EU member states on the new legislation.

(Picture: Made in Lithuania logo; Credit: Picitup/Getty Images)

The arms race in cyberspace

The arms race in cyberspace

Will the next war be waged online? Ed Butler talks to Nicole Perlroth, winner of the 2021 Financial Times Business Book of the Year for This Is How They Tell Me the World Ends - an investigation into the how governments, spies, criminals and corporations are dealing with - and exploiting - the risks associated with doing business in the digital era.

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