World Business Report

As tariffs loom large, Vietnam seeks to negotiate a beneficial deal with the U.S., aiming for economic stability. The podcast delves into how the impending tariffs might affect global markets and the limited responses available. Meanwhile, Finland experiences a boom in defense technology, influenced by the Ukraine conflict. Additionally, soaring gold prices signal good news for South Africa, linking mining stocks and economic dynamics amid global uncertainty.

Join expert Stephen Nagy, a professor focused on Japan's economic strategies, and Simon Johnson, a Nobel Prize-winning economist from MIT, as they dissect the ripple effects of impending U.S. tariffs. They delve into Japan's approaches to counteract potential trade disruptions and the complexities of American tariff policies. The discussion highlights the contrasting reactions from U.S. manufacturers and consumers, and the broader implications for global trade dynamics. Expect insightful analysis on how these changes may shape the economic landscape.

Dr. Sean Turnell, former economic advisor to Myanmar’s State Council, provides a gripping analysis of the catastrophic earthquake's impact on Myanmar. He discusses the alarming death toll and the staggering challenges facing rescue operations amid political turmoil. Turnell highlights the resilience of the people as they deal with economic instability worsened by the military coup. He also stresses the urgent need for political reform to facilitate humanitarian aid and rebuild the nation in the face of daunting economic hurdles.

A devastating 7.7 magnitude earthquake in Myanmar has triggered a rare plea for international aid from the military leader. The chaos of rescue efforts highlights the urgent need for humanitarian assistance amid civil conflict. Meanwhile, tensions rise as Canada plans retaliatory tariffs on U.S. goods, while Denmark faces scrutiny over its investment in Greenland's security. The geopolitical complexities intertwine with trade market challenges, showcasing how global dynamics impact local economies.

Kani Wignaraja, UN Assistant Secretary-General and Regional Director for Asia and the Pacific, shares her insights on the recent earthquake in Myanmar. She discusses the urgent need for international aid and the challenges faced in delivering assistance amidst ongoing civil unrest. Wignaraja highlights personal stories of resilience from the affected communities, emphasizing the emotional impact of such disasters. The conversation reveals the complexities of humanitarian responses in crisis situations and explores broader geopolitical implications.

Thomas Philipson, former chair of Donald Trump’s Council of Economic Advisers, discusses the fallout from U.S. tariffs on Canadian car imports. He shares insights on Canada's resilient response to these tariffs and its shifting trade relationships. The conversation touches on the potential financial strain on small businesses and the broader consequences for job security. The discussion also veers into the gaming industry's dynamic landscape, including Tencent's major investment in Ubisoft, highlighting trends and competition among key players.

President Trump has announced a bold 25% import tax on cars, sparking reactions from Asian and European markets. This move could reshape the U.S. auto industry, with companies like Honda considering new plants stateside. Meanwhile, China has hit pause on deals involving a Hong Kong billionaire amid rising geopolitical tensions. In transportation news, Tokyo Metro is set to take over London's Elizabeth Line, bringing Japan's operational expertise to the British landscape. Additionally, gold prices are surging as investors seek safety in uncertain times.

US President Donald Trump discusses his newly announced tariffs on foreign-made cars, aiming to boost domestic manufacturing. He shares insights on potential benefits and challenges for American automakers, while examining effects on global trade relationships. The podcast also touches on the recovery efforts following the Francis Scott Key Bridge collapse, with plans for a new structure set for 2028. Additionally, the conversation shifts to the booming Marvel Cinematic Universe as it gears up for its latest production, Avengers: Doomsday.

The UK government is significantly boosting defense spending by $2.8 billion amidst global uncertainties and a downgrading growth forecast. Meanwhile, South Korea grapples with devastating wildfires, leading to evacuations and political distraction. In the U.S., a legal clash emerges as judges block Universal Music Group's efforts to halt an AI company's use of song lyrics for training. Additionally, the challenges facing Chile's salmon farming industry are explored against a backdrop of regulatory pressures and global trade tensions.

Alexander Koliander, a specialist from the Centre for European Policy Analysis, dives into the contentious ceasefire terms between Ukraine and Russia. He discusses how Russia's demand for lifting sanctions on banks ties into the credibility of their peace claims. The conversation also touches on the implications for global shipping and food security amid the Black Sea conflict. Alongside this, Koliander briefly explores reshoring in Canada and the surprising decline in orange juice consumption, highlighting the complex factors affecting both markets.