Business Daily

BBC World Service
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Dec 6, 2021 • 17min

Why private adoption is big business in the US

At any given time, about a million American families are looking to adopt and most prefer newborns. The industry is regulated on a state-by-state basis and many advocates argue that, not only the existing rules are not enforced properly, but that much greater federal regulation is needed to ensure that the whole process is ethical and safe. Ivana Davidovic hears from Shyanne Klupp, who says she felt pressured by an adoption agency to give her son up for adoption when she wanted to change her mind. She is now a reform campaigner and wants the private adoption industry, in its current form, abolished. Maureen Flatley, who has been working in the field of adoption legislation for two decades, is very concerned about the internet blurring the lines of legality and ethics and "trading of children" on social media without proper oversight. She hopes that 2022 will see some federal legislation governing this field finally implemented. And adoptive parents from Ohio explain why, after spending $70,000 on their first adoption through an agency, they have decided to take the matter into their own hands and advertise themselves online as prospective parents.PHOTO: Woman holding little boys hand walking down the street/Getty Images
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Dec 4, 2021 • 50min

Business Weekly

The world’s biggest clothing retailer, Inditex, has a new boss, the 37-year old daughter of the company’s founder. Will Marta Ortega manage brands like Zara, Pull & Bear and Massimo Dutti in the same way her father did or will she take a different path? And do consumers still want fast fashion? Plus, we hear why mining the metals and minerals used in green technologies can contribute to the world’s climate change problems and what is needed to ensure that they are mined in a way that doesn’t infringe on human rights or damage local communities. Also, one of the founders of Transparency International tells us the money stolen by corrupt leaders is being ploughed into western assets like property – with the help of an army of financial and legal professionals. Meanwhile, Covid has forced many workers to re-assess and re-evaluate their lives and as a result, they are quitting their jobs in record numbers. It's being called the Great Resignation. And the increasing appeal of the ukulele; how the small guitar-like instrument is making a big noise among the young. Business Weekly is presented by Matthew Davies and produced by Clare Williamson. (Image: Zara shopper with brown bag; Credit: Getty Images)
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Dec 3, 2021 • 17min

The Omicron variant and vaccine inequality

Could a more equitable global vaccine rollout have stopped the new variant? As the world waits for more information about just how contagious and dangerous the new Covid-19 variant is, we ask if the emergence of a variant like Omicron could have been avoided – or at least slowed - if people all around the world had been vaccinated at the same pace. Instead, richer countries race to give booster vaccines to their own populations as many poorer countries are still waiting to receive their first jabs. Tamasin Ford hears from Dr. Richard Mihigo, who coordinates the WHO’s immunisation and vaccine development progamme in Africa. He says it’s not just about shipping jabs to countries; the international community could also step up to help with planning and logistics for the distribution of vaccines. Dr. Atiya Mosam, a public health specialist in South Africa, was disappointed in the way the world reacted when news the new variant came out of her country. She argues that the travel bans that many countries quickly imposed are both discriminatory and ineffective. She also worries that many South African scientists feel they have been punished for being open and honest with the world about their discovery. Dr Meru Sheel, an epidemiologist at the Australian National University, says the issue of vaccine inequality should have been fixed many months ago. She says the vaccines should evenly distributed because it makes the most sense from a public health perspective, and also because it’s the ethical thing to do. (Image: Passengers at Cape Town airport in South Africa on 29 November 2021. Source: David Silverman/Getty Images)
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Dec 2, 2021 • 17min

The collapse of Enron: Did we learn the lessons?

The collapse of the US energy giant Enron remains one of the most dramatic scandals in modern capitalism, but 20 years on did we learn any of the lessons from the fall of a corporate giant? The BBC's Lesley Curwen covered the story every step of the way back in the 2000's right up to the company's collapse, and the jailing of some of its most senior executives. She takes Ed Butler back through Enron's tale of deceit, intimidation and collapse with archive and fresh interviews with some of the scandal's key figures. And Ed hears from Dr Howard Schilit, of Schilit Forensics accountancy firm, a witness at Enron's Senate hearing and a man with a serious warning for the corporate world, two decades on from the Enron scandal. Picture Credit: Getty Images
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Dec 1, 2021 • 19min

Wind of change in Germany

Can the ambitious renewable energy plans of the incoming government overcome domestic nimbyism and Russian gas politics?Ed Butler hears from one member of the new left-liberal-green coalition, Social Democrat MP Jens Zimmermann, about their plans to phase out coal entirely by 2030, and replace 80% of electricity generation with wind and solar. But building new wind turbines already faces substantial red tape and vociferous opposition from bird conservation groups, as industry man Steffen Lackmann explains.Meanwhile, how will the government tackle a more pressing matter - Russian President Vladimir Putin's alleged restriction of gas supplies to Europe this winter in order to force German approval for the new Nord Stream 2 pipeline. Ed speaks to Gustav Gressel, geopolitical analyst at the ECFR think tank, and to Melissa Eddy at the New York Times' Berlin bureau. Plus Yuri Vitrenko, head of Ukraine's gas pipeline company Naftogaz, explains why he fears approval of the pipeline could mean war in his country.(Picture: Leaders of the incoming German government, including Chancellor-elect Olaf Scholz (centre), inadvertently re-enact the opening scene from Reservoir Dogs; Credit: Odd Andersen/AFP via Getty Images)
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Nov 30, 2021 • 19min

The kleptocrats club

Authoritarian regimes are working closer than ever to keep each other afloat - with plenty of help from the West's financial system.Ed Butler speaks to Frank Vogl, who helped found the global anti-corruption organisation Transparency International. He claims that the world's kleptocrats are enabled by an army of bankers, lawyers and accountants who are helping them squirrel away their ill-gotten money in Western real estate and investments.And for regimes like those of Belarus, Venezuela or Syria, who find their power contested by their own people and their economies in tatters, there is plenty of support to be found these days from other authoritarians - chief among them Russia and China. That's according to the historian, journalist and author Anne Applebaum. The questions is whether the world's democracies will ever get their act together and do something about it?(Picture: Venezuelan leader Nicolas Maduro (left) embracing Belarus leader Alexander Lukashenko; Credit: Sergei Gapon/AFP via Getty Images)
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Nov 29, 2021 • 18min

The plight of girls under the Taliban

In Afghanistan, high schools are currently closed to girls, and women have been banned from TV dramas. So how hard is life for the female half of the population, as the Taliban reassert control?Tamasin Ford hears from her colleague Yalda Hakim, who recently returned to the Afghan capital Kabul, the city of her birth, where she quizzed members of the new regime about their intentions for girls' education. Tamasin also speaks to Mahbouba Seraj of the Afghan Women Skills Development Center in Kabul about what life is now like in the city. Meanwhile Marianne O’Grady, who worked in Afghanistan for the charity CARE International until she was evacuated in August, says that with food now running desperately short in the country, there are even more pressing concerns than the treatment of women.(Picture: Afghan girls look out next to a building in Sharan, Afghanistan; Credit: Hector Retamal/AFP via Getty Images)
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Nov 27, 2021 • 50min

Business Weekly

On Business Weekly, we look at inflation in different countries, and in particular, how price rises are hitting the citizens of Turkey and the United States. We hear how two different presidents are trying two very different ways of getting it under control. We also hear how baristas in Starbucks are trying to unionise and how the coffee shop chain has reacted. Plus, we look at green hydrogen and hear from the producers in Denmark hoping the sustainable fuel will help meet climate change targets. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
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Nov 26, 2021 • 18min

The coming cleantech mining rush

Can the minerals needed to decarbonise the global economy be dug up fast enough? And can it be done without the human rights and environmental abuses of the past?Tamasin Ford speaks to KC Michaels of the International Energy Agency says there will need to be a staggering increase in the amount of nickel, lithium, cobalt and rare earths being mined, in order to build all the batteries, wind turbines and solar panels needed. But mining consultant Dr Patience Mpofu says that the mines required can take anything up to 15 years to commission.With many of these critical minerals concentrated in the developing world, the fear is that a rapid increase in global demand may outstrip the supply from the formal mining industry, with the gap filled by much less responsible mining operations. Emmanuel Umpula of the Congo-based NGO African Resources Watch fears a worsening of human rights abuses and pollution from such mines. But Mark Cutifani, chief executive of mining giant Anglo American, says the industry is working hard to ensure better standards of behaviour.(Picture: South African miner; Credit: David Turnley/Corbis/VCG via Getty Images)
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Nov 25, 2021 • 17min

Why is Turkey's currency collapsing?

Turkey's currency has been in free fall this week, reaching a record low against the US dollar. The Lira's collapse has been sparked, in part, by President Recep Tayyip Erdogan doubling down on his controversial economic policies, such as demanding that the central bank cut interest rates despite rapidly accelerating inflation. Ed Butler explores why President Erdogan is so attached to the policy, at the expense of three central bank governors in the last three years, and asks what impact the currency crisis is having on Turkey's economy. Ed speaks to Gulcin Ozkan, professor of finance at King's College London, economist and former fund manager Mohamed El-Erian, and to a forlorn wealth manager in Istanbul. Producer: Will Bain(Picture: Turkish Lira notes; Credit: Getty Images)

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