World Business Report

The new chair of the world's most powerful central bank is being sworn in at the White House today.
Kevin Warsh becomes the 17th Chair of the Federal Reserve at a very tense moment for the US and global economies.
He's an advocate for cutting rates. something President Trump has long demanded.
Also, why were 2 boxes of Japanese Melons worth $36,500?

Artificial intelligence companies including OpenAI, Anthropic and SpaceX are preparing for potential stock market listings in 2026, as investor interest in the sector pushes combined company valuations towards the trillion-dollar mark.
President Trump has also decided against signing a planned executive order on AI regulation today, a move being closely watched by technology companies and investors.
And Universal Music Group and Spotify have signed a new agreement around AI-generated music — including covers and remixes that imitate artists’ voices and styles — raising fresh questions about ownership, consent and how musicians should be compensated in the age of AI.
(Picture: REUTERS/Kent Nishimura)

Elon Musk's space X is going public, in what could be the biggest initial public offering in history. Leanna Byrne speaks to Dr Stephanie Hare about the significance of the IPO.
We also hear from Azadeh Moshiri in India about why the cockroach has unexpectedly become India's new political mascot.

Ryan Breslow let go of 30% of his workforce, plus his entire HR department. He defended this by saying they 'created problems that didn't exist.'
And, AI giant Nvidia is the first company to be worth $5 trillion, following their fiscal first-quarter earnings announcement. This comes after their CEO was in Beijing with President Trump last week where he said he'd like to sell more microchips to China.
Plus, Arsenal are champions of the 2025-26 Premiere League. How much more money will one of the richest football clubs in the world have to look forward to?

Hot on the heels of the US President, the Russian leader is the latest to meet with President Xi in Beijing, signing over 20 agreements on trade and technology.
The two leaders failed to come to an agreement on a long awaited Russian gas pipeline between the countries. China is Russia's top trading partner and also its biggest customer for oil and gas.
Elsewhere, we hear from Greenland where President Trump's envoy has turned up at one of the country's biggest business conferences.