Business daily

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

  • 6 minutes 21 seconds
    'Recipe for a Livable Planet': New report on how to make agriculture carbon neutral

    The World Bank Group has released a new report outlining how global agriculture and food production can be overhauled in order to cut carbon emissions and limit global warning to 1.5°C above pre-industrial levels. In this edition, we speak to Julian Lampietti, Global Agriculture Practice Manager at the World Bank, about the steps that need to be taken and whether they go far enough.

    7 May 2024, 12:57 pm
  • 5 minutes 6 seconds
    Europe sees slide in foreign direct investment, EY survey shows

    The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic. Germany was hit particularly hard with a 12 percent drop in FDI projects, amid concern over its economic slowdown and energy security. France's tally fell by 5 percent but it still came out on top with the most projects. The UK bucked the regional trend with a 6 percent increase. Also in this edition, a free Madonna concert in Rio de Janeiro this Saturday is expected to bring in nearly $60 million to the local economy.

    2 May 2024, 10:05 am
  • 5 minutes 3 seconds
    US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

    The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight. The US central bank will slow down the pace of quantitative tightening from next month, reducing the cap on Treasury bonds it allows to run off each month to $25 billion from the current $60 billion. 

    1 May 2024, 8:59 pm
  • 5 minutes 18 seconds
    Dividend payments far outpace worker wages, Oxfam analysis finds

    To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent. The figures highlight the growing global divide between rich and poor. Also in this edition, the company behind ChatGPT is the target of a complaint in Austria over incorrect information shared by the AI chatbot.

    1 May 2024, 8:34 am
  • 5 minutes 15 seconds
    Ex-Binance CEO sentenced to four months in US prison for money laundering violations

    A court in Seattle has sentenced Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, to four months in jail for violating US money laundering laws. The billionaire told the court that he had failed and was sorry. The sentencing comes after the defendant pleaded guilty last November and paid $50 million in fines. Plus, Zimbabweans line up at banks to withdraw cash as the new currency ZiG, the sixth since the 2009 collapse of the Zimbabwe dollar, goes into circulation. 

    30 April 2024, 8:58 pm
  • 5 minutes 28 seconds
    Paramount Global CEO steps down amid divisions over potential Skydance merger

    US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.

    30 April 2024, 9:28 am
  • 6 minutes 23 seconds
    Tesla makes progress in securing China's approval for self-driving technology

    Tesla's shares surged after the EV maker won tentative approval to deploy its Full Self-Driving system in China, this as CEO Elon Musk met high-ranking officials on a surprise visit to Beijing. Plus, the French state has offered to buy key assets from troubled IT giant Atos in order to protect national interests. 

    29 April 2024, 8:47 pm
  • 7 minutes
    US students seek universities' divestment from Israeli occupation and war

    A growing protest movement on US college campuses wants universities to sell off assets related to Israel's war in Gaza and its occupation of the West Bank. We take a closer look. Also, the French government offers to buy the data security operations of struggling IT firm Atos, and Elon Musk makes progress in his bid for the rollout of Tesla's Full Self-Driving service in China.

    29 April 2024, 8:56 am
  • 5 minutes 12 seconds
    Meta beats expectations on revenue, profits but AI spending spooks investors

    Meta announced a 27 percent jump in Q1 revenues but still saw shares tank after hours, amid fears over the social media giant's increased capital expenditure on AI infrastructure. Also in this edition: British mining giant BHP makes a $39 billion bid for its rival Anglo American, and Boeing's losses deepen.

    25 April 2024, 12:53 pm
  • 5 minutes 37 seconds
    Crisis-hit Boeing reports quarterly revenue drop

    Under intense pressure since part of the fuselage on its 737 MAX plane blew out mid-flight back in January, Boeing has reported its first-quarter results, with revenue falling to $16.5 billion and a cash burn of nearly $4 billion. Yet the figures were still better than feared. The planemaker's board has yet to name a successor to CEO Dave Calhoun, who announced his resignation last month. Plus, the EU launches a probe into China's medical device market, drawing a sharp response from Beijing. 

    24 April 2024, 9:09 pm
  • 5 minutes 26 seconds
    After US Senate votes in favour of potential ban, what's next for TikTok?

    On Tuesday, the US Senate approved a measure that would force the owner of social media app TikTok to either sell the US unit of the company or face a ban. The Chinese-owned group stands to lose a lot if it leaves the US market and is already planning to fight the bill in the courts, arguing it goes against users' free speech rights. Also in this edition, FRANCE 24's Bryan Quinn looks at Tesla's falling revenues and profits amid competition from cheaper rivals.

    24 April 2024, 9:23 am
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