World Business Report

The US President says the interim authorities in Venezuela will be turning over up to fifty million barrels of what he called sanctioned oil to the United States.Staying in the US where the Department of Health has frozen child care and family assistance in five Democrat- governed states, alleging -- without providing evidence -- concerns over fraud and misuse of public funds in state- run programmes.Flights across parts of North Western Europe are continuing to face major disruption due to wintry conditions. One of the worst affected airports is Schipol in the Netherlands - a major hub for travellers. And – the BBC’s Economics Editor Faisal Islam reports on one of the world’s most advanced computers - Google’s ‘Willow’, a quantum computer which is the centre of a battle between the world’s biggest tech companies.

As people wonder what happens next, we talk to a student and business owner about their hopes for Venezuela's future, and explore the economy beyond oil production. Also, does sacking football managers make good business sense?And we hear from gym enthusiasts keen on a German fitness trend.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.(Picture: People walk in front of graffiti reading "Free Maduro" during a women's march toward the office of interim President Delcy Rodriguez in Caracas, Venezuela, January 6, 2026. Credit: REUTERS/Leonardo Fernandez Viloria)

Six European leaders today rallied to Greenland's support after the President Donald Trump said the US ‘needed Greenland’.The UK, France, Germany, Italy, Poland, Spain, and Denmark said in a joint statement, that Greenland ‘belongs to its people...and only Denmark and Greenland can decide on matters concerning their relations"We look at Greenland’s business community and how it is responding to all the uncertainty over its future.Also – as the first retail sales of Xmas are revealed…will it be a bumper year for companies relying on seasonal shopping.And, as Manchester United part company with yet another manager, we look at the cost to the club in replacing Ruben Amorim, and those who have gone before him….Presenter: Leanna Byrne Senior Producer: Craig Henderson

We get a sense of what prices and the jobs market are like in Venezuela, and also look at the country's oil sector. Also, our reporter in South Korea on K-beauty and the global demand for Korean skincare and cosmetics. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.(Picture: Law enforcement officials move captured Venezuelan President Nicolas Maduro and his wife Cilia Flores out of the helicopter, ahead of a court hearing in New York. Credit: REUTERS/Adam Gray TPX IMAGES OF THE DAY)

Markets give their verdict on America's dramatic military intervention in Venezuela. Shares of US oil giants like Chevron and Exxon Mobil are soaring... after President Trump suggested they can play a lead role in restoring Venezuela’s oil industry But there's been criticism from China and Iran - traditional allies of Venezuela - and from Spain, which is home to an estimated 600,000 Venezuelans many who have fled the economic troubles in their home country.We speak to a former US ambassador to Venezuela, Patrick DuddyAnd – you may have heard of South Korea’s K-Pop phenomenon…we look at how K-Beauty is now taking centre stage.Presenter - Leanna Byrne Senior Producer - Craig Henderson