Business Daily

Why is the black community still so poorly represented in leadership positions? We speak to the changemakers who are doing something about it. Kike Onawinde used to represent Great Britain in the javelin before setting up the Black Young Professionals Network, which is all about connecting ambitious future leaders. Jean-Marc Laouchez is the President of the Management Consultancy firm Korn Ferry Institute in Paris, who says the main reason why things are not changing is because of the established power structure. Abdul Karim Abdullah, is a clinical trial manager for a pharmaceutical company in New York. He founded the culture festival, Afrochella, to celebrate African culture, food, music, art and fashion. Najah Roberts is the founder and CEO of Crypto Blockchain Plug in Los Angeles. It’s one of the first African American owned over the counter cryptocurrency exchanges in the US. She says a big problem for African Americans is that they have been prevented us from acquiring wealth and that virtual money could change all of that.(Picture of boardroom meeting. Picture credit: Getty Images).

In Business Weekly, we take a look at the splitting up of a 129-year old behemoth. General Electric announced that it will divide itself into three separate companies. Does this mean the end of conglomerates that span several sectors and make a multitude of diverse products? Also, the former finance minister of Afghanistan tells us that the Taliban takeover was due in no small part to massive corruption within the government. We take a look at the row over the increasing amount of raw sewage that's being allowed to flow into the UK's rivers. Also in the programme – the sale by Elon Musk of some of his shares in Tesla, after asking his Twitter followers whether or not it was a good move. And as the German media giant, Axel Springer, announces plans to force managers to tell HR departments if they start a sexual relationship with a subordinate, we take a look at the difference between American and European corporate cultures. Business Weekly is presented by Matthew Davies and produced by Philippa Goodrich.

Are Hong Kong's days as a major financial centre now numbered? The end of the pandemic has seen renewed economic growth. But some say tough anti-Covid rules and anti-protest laws are undermining what was once Asia's leading financial hub as thousands of people leave the territory. Ed Butler speaks to Edward Chin, a HK hedge fund manager who's now temporarily moved to Canada following the security crackdown. Tara Joseph, President of the American Chamber of Commerce in Hong Kong tells him recruiting foreign workers into the territory is now proving much harder. Vera Yuen, a business lecturer at the University of Hong Kong, says wealth management services for the Chinese are providing big growth for territory. And Mike Bird, the Hong Kong correspondent of the Economist magazine says both the Covid restrictions and the national security law may start to really hurt Hong Kong in the longer term.( Pic: Sunrise at Victoria Peak,Hong Kong Credit: Jun Chen / Getty)

The former finance minister from the collapsed Afghan government, Khalid Payenda, tells Ed Butler that it was brought down by rampant corruption at a very high level. He served for six months from the beginning of this year and says that by the time US forces left and the Taliban began advancing, most of Afghanistan's supposed 300 thousand troops and police didn’t exist. He says phantom personnel were added to official lists so that generals could pocket their wages. Many Afghans feel enraged by the failures of the US-backed government and they say it abandoned them in their hour of need.( Pic: Man counting money at a market in Afghanistan Credit: Bloomberg Creative )

Will Africa’s economic development be held back for the world’s net zero climate targets? And could banning investment in their fossil fuels do more harm than good? Tamasin Ford speaks to NJ Ayuk, the executive chair of the energy industry lobby group, Africa Energy Chamber who says the decision is a disaster for countries in Africa and to W.Gyude Moore, a Senior Policy Fellow at the Centre for Global Development and Liberia's former Minister of Public Works who says Africa can’t catch up without fossil fuels. Dr Olumide Abimbola, is the Executive Director of the Africa Policy Research Institute, a Berlin based think tank that works on Africa policy issues. He’s in Glasgow for the climate talks and Tamasin asked him whether there’s a fear the EU Green deal could restrict goods from Africa. And Adenike Oladosu, one of Nigeria’s youth delegates in Glasgow says people in her country do want to go green but it’s just not affordable.Pic: Smoke emerging from chimneys Credit: Alexandros Margos/Getty

Sewage entered British waters for around 3 million hours in 2020 in over 400,000 pollution incidents. Hugo Tagholm, chief executive of Surfers Against Sewage tells Tamasin Ford why this is happening. Public pressure for the government and water companies to do something about this is mounting, particularly since it's become known that privately owned water companies in England paid their shareholders almost $80 billion in dividends over the last 30 years. WaterUK represents all of the water and sewage providers across the UK. We hear from their director of policy, Stuart Colville. Is tougher legislation the answer? Sweden faced similar problems with their sewage system more than fifty years ago. Peter Sörngård, an environmental expert at the Swedish Water and Waste Water Association explains how they dealt with it.Producer: Benjie Guy(Picture: a sewage outflow pipe discharges sewage into a river. Credit: BBC.) sewage spewing into British waters went viral on social media. The country’s Victorian era sewage systems are struggling to cope. We find out what’s being done about it and look to Sweden where they seem to be getting things right.

As global leaders jet out of Glasgow, leaving the hard bargaining to their delegates, Business Weekly looks at what the pledges made so far really mean. Will rich countries be able to support the financial demands made of developing nations to help them transition away from fossil fuels? And what did activists make of Indian Prime Minister, Narendra Modi’s promise of reaching net-zero by 2070? Also on the programme, we hear why some people enjoy trophy hunting - and whether it can ever be a useful tool for conservation. And as an inquest names a haul of Anglo-Saxon coins one of the biggest ever found in England, we ask what happens to treasure after it’s discovered. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.

Central Banks around the world are introducing digital currencies and last month Nigeria became the first African country to launch one - the eNaira. But what is a digital currency and how are Nigerians reacting to theirs? We hear from people on the streets of Abuja. Tamasin Ford speaks to Rakiya Mohammed, director of information security at the Central Bank of Nigeria. Chinwe Egwim, chief economist at Coronation Merchant Bank in Lagos, explains why the eNaira has been introduced and the benefits it could have. Digital currency expert Josh Lipsky of the Atlantic Council puts the launch of the eNaira in the context of the others that are springing up all over the globe. Producer: Benjie Guy. (Picture: the eNaira mobile phone app. Credit: enaira.gov.ng)

Inflation has hardly been seen in the developed world economies for the last three decades. But now some economists are warning it could be returning with a vengeance, because of supply chain problems, post-Covid exuberance, and higher wage demands. What is going on, and should we all be worried? We hear opposing views from Claudia Sahm, former economic adviser to the Federal Reserve and the White House, Steve Hanke of Johns Hopkins University, and Andrew Sentance, senior adviser at Cambridge Econometrics and a former member of the Bank of England's Monetary Policy Committee.Image: Full shopping cart in supermarket aisle (Credit: Getty Images).

Guy Hands, the founder of Terra Firma, opens up on the highs and lows and risks involved in deal making and private equity. From being bullied at school to becoming a household name, buying and selling businesses from cinema chains and pubs to waste management, aircraft leasing and green energy companies. We hear his side of the deal that turned sour, the acquisition of multinational music company EMI in 2007, and how his addiction to doing deals has affected his personal life. Ed Butler is in conversation with Guy Hands about his new book, The Dealmaker. (Image: Guy Hands; image credit: John De Garis)