World Business Report

Cybercrime costs are skyrocketing, with predictions suggesting a staggering $10.5 trillion burden on businesses by 2025. Recent attacks on Japan's Asahi Breweries highlight vulnerabilities in cybersecurity, particularly among Japanese firms. Meanwhile, a liquefied natural gas project in Senegal raises concerns over environmental impact and local livelihoods. In Japan, a contentious leadership race unfolds, shaped by economic priorities and heavy debt, with the future leadership carrying global implications.

Cybercrime is wreaking havoc on global business, with rising costs exemplified by the recent attack on Asahi Breweries. The discussion dives into Japan's cybersecurity vulnerabilities and the ripple effects of UK corporate incidents, impacting jobs and supply chains. Insights on the US government shutdown reveal potential economic fallout and investor reactions. Meanwhile, the leadership race in Japan emphasizes economic reform and public debt, highlighting candidates' strategies as they vie for influence in a pivotal political climate.

Elon Musk has made history as the first person to surpass a net worth of $500 billion. The discussion outlines his journey through ventures like Zip2, PayPal, SpaceX, and Tesla. Notably, Tesla's impressive sales and rebound in share prices significantly bolstered his wealth. In other news, Morocco faces youth protests over economic issues, and Japan is gearing up for a pivotal leadership race amid beer shortages. Also, concerns arise as BYD experiences its first sales dip, raising questions about the future of the EV market.

The U.S. government shutdown has begun, costing $400 million daily and affecting thousands of federal workers. Economic abuse is a serious issue, as experts explore its hidden impacts on relationships. Oktoberfest celebrations extend globally, showcasing cultural richness beyond Munich. In a surprising twist, concerns arise over AI replacing human actors in Hollywood, igniting debates on creativity and industry integrity. Each topic highlights pressing social and economic challenges that resonate far and wide.

The US government has shut down due to a funding impasse, primarily centered around healthcare debates. Experts discuss the implications of Medicaid cuts on hospitals and patient care. Investors are reacting to Spotify's founder stepping down, raising questions about the company's future. Additionally, insights on a scandal involving sunscreen testing in Australia add intrigue. The podcast wraps with thoughts on Snapchat introducing fees for memory storage, highlighting shifts in digital consumer services.

The looming US government shutdown is causing serious political gridlock as Democrats demand healthcare funding while Republicans aim for a resolution. In Africa, the potential expiration of the African Growth and Opportunity Act threatens thousands of jobs tied to garment exports. Meanwhile, Afghan businesspeople struggle as a Taliban-ordered internet blackout disrupts trade and communication, forcing entrepreneurs to seek alternative solutions. The discussion also touches on how these issues impact broader economies and market resilience.

As a US government shutdown looms, concerns mount over its impact on workers, from unpaid correctional officers to closed national parks facing vandalism. Small businesses brace for revenue losses, while the potential non-renewal of the African Growth and Opportunity Act threatens jobs in Africa. Additionally, rising joblessness in Germany and user backlash influencing Kakao’s update choices illustrate how global dynamics ripple through economies. Discover the intricate web of consequences that a shutdown could unleash.

In this episode, a new initiative from the U.S. pharmaceutical lobby aims to help patients bypass pharmacies for cheaper drug prices. Patient stories reveal the struggles with soaring medical costs and the barriers created by rebates. In the gaming world, Electronic Arts is undergoing a significant $55 billion buyout, raising concerns about job cuts and industry shifts. Discussions also spotlight the future of drug pricing and potential changes in the cannabis market, highlighting the intertwining of health, economics, and technology.

A BBC correspondent reveals a shocking attempt by cyber criminals to recruit him for hacking. He shares his unsettling encounters with the Medusa gang, who offered him money for access. The discussion expands to the workings of ransomware and why these gangs target major corporations. Meanwhile, Zimbabwe faces fiscal challenges, prompting government mandates to cut spending. In other news, rising gold prices reflect geopolitical tensions, and South Korea reopens its doors to Chinese tourists to boost its economy.

Claire Jones, US Economics Editor at the Financial Times, dives into the implications of President Trump's recent tariffs, including a shocking 100% levy on branded medicines. She discusses the potential impact on both US and European markets, along with the feasibility of reshoring pharmaceutical manufacturing. The conversation pivots to the furniture industry, highlighting concerns about new tariffs affecting pricing and supply chains. They also touch on the toll these tariffs could take on consumer prices and the overall competitiveness of US manufacturers.