Business Daily

BBC World Service
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Dec 17, 2021 • 19min

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).
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Dec 16, 2021 • 17min

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).
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Dec 15, 2021 • 18min

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)
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Dec 14, 2021 • 17min

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).
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Dec 13, 2021 • 19min

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 ImagesPresenter: Vivienne Nunis Producer: Sarah Treanor
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Dec 11, 2021 • 51min

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.
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Dec 10, 2021 • 19min

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)
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Dec 9, 2021 • 17min

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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Dec 8, 2021 • 17min

Healthcare workers are burnt out

What can be done to stem the tide of carers quitting the industry? Before the pandemic the healthcare sector struggled to recruit enough workers. Today they're leaving in droves. Citing physical and mental exhaustion, poor working conditions, a lack of appreciation and miserly pay, carers are leaving their jobs - a trend with all the makings of a future skills crisis. The BBC's Rebecca Kesby speaks to Ged Swinton, a member of the Royal College of Nursing who had to leave his job as a frontline nurse after losing patience with an unappreciative government - and abuse from the public. Will Hunter recently returned to his job as an accident and emergency junior doctor, but could only handle part time work after an intense year of pandemic conditions. In the USA we hear from Vicki Good, former president of the American Association of Critical-Care Nurses, who tells us people are leaving the care sector almost as soon as they join, despite spending years in training beforehand. We speak to Lori Peters of the National Association of Health Care Assistants, who says that without decent pay and conditions, the sector won't attract enough workers to fill a skills gap that will only get bigger.This episode is produced by Russell Newlove, Sarah Hawkins and Elizabeth Hotson.
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Dec 7, 2021 • 19min

Super-fast grocery delivery apps are booming

But are apps that deliver from the shop floor to your front door in minutes just a pandemic-era fad or are they here to stay? Have you ever been in a situation where you needed something delivered right away? A toothbrush you forgot on a trip? Or butter for a recipe you've already started preparing? There are many apps for that – a whole fleet of them – that are now competing for your dwindling time. They promise to get everyday items to you, sometimes in 10 minutes or less. But, is it just a pandemic-era trend, or does it have staying power? The BBC’s Victoria Craig speaks to the boss of eight-year old US-based super-fast delivery company, GoPuff. Yakir Gola started the business while at university and has grown it to become a dominant player in the American market. He talks about why the company has decided to expand in the UK, and how it plans to compete in a red-hot space. Plus, we hear from Adrian Maccelari, the director at London-based bakery Sally Clarke about whether partnering with super-fast delivery start-ups has been helpful to the business, and Elodie Perthuisot, the director of data and e-commerce at grocery chain Carrefour, explains how the model has been a game changer for the supermarket business. There has been blockbuster growth in the super-fast delivery category over the past two years, which leads Bain and Company’s Ruth Lewis to think consolidation is an inevitability. A number of start-ups have entered the space, and already, the industry has seen some high profile mergers and acquisitions.

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