Business Daily

BBC World Service
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May 5, 2021 • 18min

Electric vehicles hit the big time

The car industry is preparing to go fully electric sooner than you might imagine - and not just because of the climate crisis.Justin Rowlatt speaks to Bjorn Annwall, head of Volvo Cars in Europe, about why his company is one of a string of major carmakers to rush out plans in recent months to electrify their business. They intend to stop selling internal combustion engine cars as soon as 2030. What's driving it is the rapid improvement and collapsing cost of the batteries at their heart, according to Madeline Tyson of the clean energy technology research group RMI.But how willing will people be to give up the glamour and roar of their engines for the silent speed of electric vehicles? Norway-based researcher Schalk Cloete fears that despite the technical advances, their limited range remains a deal-killer for many families. But EV fanatic and former Top Gear presenter Quentin Willson says give people a couple of days' test drive and they will soon be won over.Producer: Laurence Knight(Picture: Electric car logo; Credit: Lya Cattel/Getty Images)
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May 4, 2021 • 18min

Will Covid decimate India's middle class?

Millions of Indians risk being knocked back into poverty by the current explosion in coronavirus infections.Rahul Tandon hears from Radhika, who abruptly lost her job in Mumbai when India went into lockdown last year, and has since struggled with thoughts of suicide. Newspaper columnist Sandip Roy discusses how Covid threatens to strip many self-identifying middle class of their sense of comfort and security. Meanwhile, many women who run their own businesses face ruin, according Renu Shah, who runs Shakti - an organisation that helps women entrepreneurs. We also hear opposing views on how big a setback the middle class faces from Covid from two leading Indian economists - Pravin Krishna of John Hopkins University, and Jayati Ghosh of Jawaharlal Nehru University.(Picture: A Covid-19 patient in Gurudwara, India; Credit: Naveen Sharma/SOPA Images/LightRocket via Getty Images)
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May 3, 2021 • 18min

Making multinationals pay

It could be the biggest shake-up of corporate taxation in history. But can President Biden's push for a minimum global rate succeed? He wants multinational companies to pay a rate of at least 21%. The proposal is likely to face opposition from smaller economies. Tech consultant Pamela Newenham explains how Ireland's low tax regime has helped to transform the country's capital. Others say the proposal doesn't go far enough. We hear why from Nobel prize-winning economist Joseph Stiglitz. We also hear from the man leading the charge for reform at the OECD, Pascal Saint-Amans, and Danny McCoy, head of Ireland's biggest business group.Picture: Stock photo of a yellow warning sign on a fence (Credit: Getty)
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May 1, 2021 • 50min

Business Weekly

A “once in a generation investment” is what Joe Biden offered the American people this week. He presented his American Jobs plan and American Families Plan to Congress to mark his first 100 days in office. Can he deliver? Also, will business travel resume once the pandemic has ended? Airlines and hotels are dependent on business travel - but now that so many people have adapted to virtual meetings, will frequent fliers ever want to get back to the departure lounges? And why do cities change their names? And what are the costs involved? The South African city of Port Elizabeth has rejected the colonial overtones of its former moniker - and is now called Gqeberha. The Chief Executive of Bollinger Champagne tells us why he’s bought up a vineyard in the United States and how the brand first became associated with James Bond. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
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Apr 30, 2021 • 18min

Men and cosmetic surgery

More men have considered cosmetic treatments during the pandemic. Has spending more time at home staring at ourselves in video conferencing made us more worried about our appearance, and have the pressures of ageism in the workplace also had an impact. Ed Butler speaks to psychologist Helena Lewis Smith, and Past President of the American Association of Plastic Surgeons Dr Alan Matarasso about just what’s motivating men to make more changes. Plus, he tries a treatment for himself. (PHOTO: Ed Butler checking out his frown lines at a cosmetic clinic in London, Credit: BBC)
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Apr 29, 2021 • 18min

Biden's trillions

The US president announces a massive spending plan for the US economy, with trillions of dollars earmarked for jobs and infrastructure. But is it too ambitious for Republicans to support? Ed Butler speaks to Ryan Heath, senior editor at Politico, and Gordon Hanson, professor of urban policy at Harvard Kennedy School. Hundreds of billions of dollars are also planned for the US's creaking healthcare system. Carer Sharon Tosten and democrat Debbie Dingell explain why it's needed. (Photo: US President Joe Biden outlines his spending plans to Congress, Credit: Getty Images)
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Apr 28, 2021 • 17min

Changing a city's name

What’s in a name? It’s something that Shakespeare’s Juliet pondered. But what’s in the name of a city? And what are the economic and social costs for a city which opts to change it’s name? Lots have done so down the years – New Amsterdam became New York City and Istanbul became Contantinople. Last year, the residents of Asbestos in Canada choose a new name for their city. And back in February, the South African city of Port Elizabeth became Gqeberha. Matthew Davies speaks to Christian Martin an activist who pushed for that name change, as well as local mayor, Nqaba Bhanga, who strongly resisted it. Business owner, David Stopforth, tells Business Daily that he’s been left counting the cost of the name change to his small print firm. Meanwhile, Andy Marchant from Tom Tom says changing place names is not an altogether easy process for the satellite navigation companies. And Tirthankar Roy, professor of economic history at the London School of Economics, ponders whether part of the essence of a city’s past is lost when it changes its name.
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Apr 27, 2021 • 18min

Does business travel have a future?

Why fly when you can videoconference? After a year of Covid lockdowns, that's the question many business executives are asking themselves.Manuela Saragosa speaks to one frequent flyer, Juliette Kayyem, who says that after a year of being grounded, she now thinks more about time with her kids, not to mention the carbon footprint of all her air miles. And she's not the only one - business travel consultant Scott Gillespie says corporate travel managers across the planet are now using the opportunity to reassess the financial and climate cost of their entire corporate travel policy.So should the airlines and travel agencies be afraid? After all, business clients pay the fattest profit margins. We ask Jeffrey Goh, chief executive of the world's biggest airline grouping, the Star Alliance, plus Evan Konwiser of American Express' global business travel agency.Producer: Laurence Knight(Picture: A woman with a suitcase at the Madrid airport; Credit: Alejandro Martinez Velez/Europa Press via Getty Images)
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Apr 26, 2021 • 18min

Covid in paradise

How are small island tourist destinations like the Caribbean island state of Antigua and Barbuda coping with the shutdown of global travel?Manuela Saragosa speaks to the Antiguan Minister of Tourism Charles Fernandez about the innovative steps his country took to continue welcoming holidaymakers from North America and Europe last year, while keeping them safely contained within their own beachside bubbles. The pandemic has been devastating for the travel industry more generally, according to Helen McDermott of Oxford Economics. Among those hardest hit are aircrew. Former pilot Matthew Wilson tells how he ended up relocating halfway across the planet to become a gardener after his airline went into liquidation. Meanwhile Jeffrey Goh of the Star Alliance global grouping of major airlines says they urgently need world governments to agree the conditions under which restrictions on travel can finally be lifted.Producer: Laurence Knight(Picture: Mother, child in face masks have fun on sea beach; Credit: Bicho_raro/Getty Images)
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Apr 24, 2021 • 50min

Business Weekly

As India battles a surge in Covid cases and hospital beds become scarce, Business Weekly hears how social media is helping connect patients with medical help. Several areas of the country have gone back into lockdown. We get reaction from businesses. In Denmark, the authorities have introduced a Corona Pass, which lets the vaccinated attend various events. Our reporter looks at how well it’s working. We look at the online advertising industry as several big companies scale back their digital marketing spend. The suggestion is that they aren’t seeing the returns on investment they perhaps should be, and that data doesn’t always give an accurate idea of success. Could a bubble be about to burst? And is your boss clueless? We hear about a new piece of research from Microsoft which suggests managers aren’t aware of how lockdown has affected their workers. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.

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