Brazil offers $5 billion for companies hit by tariffs
Brazil's President Luiz Inácio Lula da Silva says more than $5 billion in credit will go to companies which face 50 per cent tariffs to export goods to the US.
The US Treasury Secretary, Scott Bessent, says a controversial deal that the White House struck with chipmakers Nvidia and AMD, handing over 15% of their Chinese sales in return for export licences, could be rolled out to other industries.
Startup companies in the US have started a no-shoes-in-the-office policy, meaning that you take your shoes off when you come into the office and wear optional slippers.Throughout the programme, Leanna Byrne will be joined by two guests on opposite sides of the world – Diane Brady, Executive Editorial Director at Fortune magazine in New York, and Han-Shen Lin, China Country Director, The Asia Group, in Shanghai.
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US inflation holds steady in July despite import tariffs
US inflation held steady in July despite import tariffs, bolstering bets that the Federal Reserve may cut interest rates next month.
After the partial dollarisation of the economy in Cuba, the country’s peso is trading at an all-time low of 400 to 1 dollar on the informal market.And horror films are at a record high in shares of the US box office. Weapons took $42.5m in its opening weekend in US movie theatres, and Sinners has become the highest-grossing original movie of the 2020s.Throughout the programme, Roger Hearing will be joined by two guests on opposite sides of the world – Andy Uhler is an Energy Journalism Fellow at the University of Texas, US, and Zyma Islam is a journalist for The Daily Star in Dhaka, Bangladesh.
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Trump extends China tariff deadline
President Donald Trump has signed an executive order extending tariffs on China for another 90 days.
Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China.
And remember that distinctive sound of dialling in via the internet in the early days of connecting? Well. It’s days are numbered….Yahoo has announced that it will discontinue AOL Dial-up Internet on September 30th.Throughout the programme, Rahul Tandon will be joined by two guests on opposite sides of the world - Jennifer Pak who is China Correspondent for American Public Media, based in Shanghai; and Allie Garfinkle, Senior finance reporter at Fortune who's in the US.
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Germany to stop arms exports to Israel
Germany's halted its arms sales to Israel in the wake of prime minister Benjamin Netanyahu's plans to takeover Gaza City. But despite supplying $565 million worth of military hardware since the 7 October 2023 attacks, how important are Germany's weapons to Israel? Roger Hearing is joined by Dana Peterson and Colin Peacock to discuss, among other things, why US wine exports to Canada have declined drastically…whether the growing Philippines microchip-making industry is being throttled by US president Donald Trump's tariffs…. and whether Las Vegas' drop in tourism hints at broader economic woes facing the world's largest economy.Plus the big controversy bubbling up over mineral water in France, and why are people not wearing Crocs any more?Global business news, with live guests and contributions from Asia and the USA.
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Is there a way countries could defy Trump's tariffs?
With India prime minister Modi and Brazil president Lula vowing to "defend multilateralism" against what they see as "rising US protectionism", Roger Hearing is joined by Alison van Diggelen and Travis Paterson to discuss how businesses in countries that don't have a trade deal with Washington will be impacted by US president Trump’s new tariffs.
We hear how scientists and engineers in Sweden are using new technology to revolutionise the global steel industry and make the material green. Elsewhere, how good is the latest AI app - GPT5? Plus the strange case of the fluffy toys and a million-dollar lawsuit. Global business news, with live guests and contributions from Asia and the USA.
Brasil