Synopsis
The daily drama of money and work from the BBC.
Episodes
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Growing up in lockdown
02/03/2021 Duration: 17minThe Coronavirus pandemic has disrupted the lives of billions of people around the world, and with many countries still in lockdown the impact will continue to be felt for many years. Not least for teenagers, whose education, family and social lives have been profoundly disrupted. Today we meet such teenagers: Ayushmaan in New Delhi, Emma in Hamburg, Pelumi in Lagos and Gracie in Auckland talk to host Tamasin Ford and each other about the challenges of nearing adulthood in a world under lockdown, and how the extra pressures have impacted their mental health.Remember if any of the issues in today’s edition affect you, do seek the help of a professional mental health body if not a doctor or friends and family.Producer: Frey Lindsay. (Image credit: Getty Creative.)
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Lockdown breakdowns
01/03/2021 Duration: 17minIt’s almost a year since the World Health Organization declared the outbreak of COVID-19 a pandemic. Many embraced working from home to start off with. But has it lost its lustre? We look at the toll it’s taking on people’s mental health. We hear from Matthew Cooper, the co-founder of a start-up called Earn Up, a San Francisco-based financial technology platform that helps people automate their loan payments. He explains why the pandemic contributed to a breakdown at the end of 2020. We also speak to Margaret Heffernan, from the University of Bath, former CEO of five companies and author of several books including Uncharted, who tells us why checking in with staff must be done properly and personally, and hear from Mark Simmonds, the author of the memoir Breakdown and Repair: a fathers tale of stress and success; His own mental health issues led him to completely re-evaluate his career and working practices, and he offers some tips on coping with stress. Remember if any of the issues in today’s edition affect
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Business Weekly
27/02/2021 Duration: 50minAs the global Covid-19 vaccination drive slowly gathers pace - on Business Weekly we’ll be looking at whether vaccine passports will help us return to life as we once knew it. While the travel industry is keen to use them, scientists warn that not only will they not work properly but they could pose serious ethical dilemmas. We’ll also hear from the people scooping facemasks out of the ocean - who are warning that Covid-19 has caused a pandemic of plastic waste. In the effort to save the planet from climate change, US President Joe Biden has promised to reduce the US’s carbon emissions. We’ll hear from the American coal workers who are worried for their jobs. Also, the pandemic has thrown the global wedding industry into disarray. We’ll meet the couples who got married during the pandemic in really quite extraordinary circumstances. And we’ll look at the history of hairstyles in the workplace.Business Weekly is presented by Lucy Burton and produced by Szu Ping Chan.
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Why does Bitcoin consume so much energy?
26/02/2021 Duration: 18minAs Bitcoin's price hits a new all-time high, it's now estimated to use as much electricity as the whole of Argentina But is this remotely sustainable?Justin Rowlatt speaks to cryptocurrency expert and University of Chicago economics professor Gina Pieters about why such heavy energy consumption is an intrinsic feature of Bitcoin, and why the higher it's value rises, the more its energy footprint expands.But what about it's carbon footprint? That's a debate we get to hear both sides of, with crypto evangelist Ethan Pierse saying that Bitcoin miners are helping to finance the expansion of renewable energy sources, while the more sceptical data analyst Alex de Vries says they are burning plenty of fossil fuels to compete in an expensive and pointless lottery.Plus Kenneth Rogoff, the former chief economist of the International Monetary Fund, compares Bitcoin to a work of modern art, and wonders whether its future may be as a curiosity at a Star Trek convention in the year 2100.Producer: Laurence Knight(Picture: B
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China's vaccine diplomacy
25/02/2021 Duration: 18minPoorer countries in search of Covid-19 vaccines are looking east. Agathe Demarais, global forecasting director at the Economist Intelligence Unit, describes how China and Russia are stepping in to provide vaccines where Europe and the US aren't. Yanzhong Huang, senior fellow for global health at the Council on Foreign Relations, explains how this feeds into China's soft power aspirations. Yuan Ding, dean of the China Europe International Business School, and David Haigh, CEO of Brand Finance, discusses China's efforts at soft power so far. (Photo: A nurse in Brazil holds a sample of a Chinese Covid-19 vaccine)
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Love in the time of coronavirus
24/02/2021 Duration: 17minCovid-19 has ruined millions of wedding plans. Will 2021 spark a race to the altar for those unable to tie the knot? California couple Lauren and Patrick Delgado tell their story. We also hear from Jordie Shepherd, host of the Corona Brides podcast, and the bride tear-gassed on her wedding day. Also, has Covid-19 put an end to the Big Fat Indian Wedding? We ask Lalita Raghav at the wedding planners Ferns N Petals.Picture: Bride and groom figurines are pictured wearing face masks (Credit: Getty)
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The plastic pandemic
23/02/2021 Duration: 17minThe pandemic has brought with it a massive rise in plastic waste. Tamasin Ford looks at how the demand for hygiene along with plummeting oil prices boosted our use of single use plastics. In some countries, it has increased by 50 percent. In other countries, the increase has been even six or seven fold. She speaks to Gary Stokes, the Founder of Oceans Asia in Hong Kong, a marine conservation organisation. And to Amy Slack, head of campaigns and policy at Surfers Against Sewage, an ocean conservation group in St Agnes in Cornwall in the South West of England. Plus Jacob Duer, the CEO of the Alliance to End Plastic waste, based in Singapore - an organisation supported by the private sector. And Elsie Mbugua, an energy trader and founder of Elcy Investments.
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Will hydrogen prove a life saver?
22/02/2021 Duration: 17minThe "hydrogen economy" has received a lot of hype, but could this explosive gas fill some critical gaps in a future zero-carbon energy system?Justin Rowlatt looks at Australia's plans to use its huge solar and wind resources to generate hydrogen from seawater. Miranda Taylor of the government-sponsored agency National Energy Resources Australia lists some of the many potential applications for the gas that the country is taking a punt on. But how many of them will actual prove commercially viable?Clean energy consultant Michael Liebreich says that despite hydrogen's versatility, in most cases it's likely to prove far less efficient than other technologies. But there are a few key exceptions, some of which could be life saving. Plus, chemistry professor Andrea Sella blows up a balloon, zaps some water, and nearly gives Justin a hernia.Producer: Laurence Knight(Picture: Hydrogen pipeline with blue sky background; Credit: Getty Images)
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Business Weekly
20/02/2021 Duration: 49minThey’re the technical bits of genius businesses cannot do without. On this edition of Business Weekly, we look at the world of semiconductors and why a shortage of them is holding up industries the world over. From consumer electronics to cars, the squeeze on semiconductors affects the supply of everything with a computer chip. Also, Ngozi Okonjo-Iwela becomes the first African and first female director general of the World Trade Organisation. We hear from the woman herself about the task ahead. Plus, should children be learning about bonds, shares and savings accounts as well as algebra and geometry? We speak to pupils around the world keen to learn about finance and money.
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Why hair matters
19/02/2021 Duration: 17minTo some it may sound absurd to consider hairstyles a workplace issue, but for millions of men and women with African and Afro-Caribbean hair, it is just that. For decades, some hairstyles have been discouraged at work. But things are finally starting to change. This month, the US Airforce is changing its hair code to be more inclusive. We explore the historic racism behind hair-based discrimination and hear from the women who have united to change attitudes and laws. We speak to businesswomen, historians and those in the arts – from the UK, the US and East Africa – to find out what hair has to do with it all anyway. Presenter: Vivienne Nunis Producer: Sarah Treanor(Image credit: Getty)
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The Paystack effect
18/02/2021 Duration: 18minHow the biggest start-up acquisition out of Nigeria is resonating across Africa. Last year Nigeria saw its biggest ever start-up acquisition - a multi million dollar deal for digital payments company Paystack. The result was a massive shift in the minds of entrepreneurs and investors in Africa’s Fintech scene. The company which processes more than half of all online payments in Nigeria, was started by two graduates in their 20s five years ago. It ended in a $200 hundred million dollar deal with Stripe, the US-based payments software company. Tamasin Ford speaks to Chilufya Mutale, the co-founder and CEO of PremierCredit in Lusaka, an online micro-lending platform operating in Zambia and Zimbabwe. Plus Chijioke Dozie, the co-founder of Carbon, a PanAfrican digital bank operating in Nigeria, Kenya and Ghana who says the Paystack acquisition is not only inspiring for existing entrepreneurs, it will encourage more people to join the Fintech scene. And to Katlego Maphai, the co-founder and CEO of Yoco in Cape To
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The great semiconductor shortage
17/02/2021 Duration: 18minWhy Taiwan isn't making enough computer chips. Ed Butler speaks to Jan-Peter Kleinhans, head of technology and geopolitics at SNV, a German think tank, about the central role of Taiwan in the complex global supply chain of semiconductors. The BBC's Theo Leggett explains why the car industry has been particularly hit by the shortage of chips. And Shelley Rigger, professor of East Asian politics at Davidson University in the US, discusses the growing significance of Taiwan in the technology war between China and the US.(Photo: A man walks past a company logo at the headquarters of the world's largest semiconductor maker TSMC in Taiwan, Credit: Getty Images)
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Teaching children about money
16/02/2021 Duration: 18minThough children will usually learn how to add, subtract or multiply in school, very often they are not taught the skills they need to manage their money in older life. We’ll hear from children around the world about their understanding of, and relationship with, money. Then, Lily Lapenna MBE, of MyBnk, describes her decades long campaign to improve financial education in UK schools, and how a gap still remains between boys and girls in financial literacy. Eddie Behringer, CEO of the fintech firm Copper, explains how their bank accounts for teenagers can help build skills from early on. And Dhruti Shah, author of the illustrated business dictionary Bear Markets and Beyond, recounts how she wishes she’d realised sooner just how much finance and business would factor in her life, and how a basic business vocabulary can help you understand your world better.(Image credit: Getty Images)
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Bill Gates versus climate change
15/02/2021 Duration: 17minEliminating carbon emissions in the next 30 years would be "the most amazing thing humanity has ever done".In an exclusive interview, Bill Gates tells Justin Rowlatt why he has set his sights on tackling global warming, and how the challenge compares to efforts to contain the coronavirus pandemic - which he is also taking a leading role in, with the funding of vaccine rollouts. The Microsoft founder and world's most influential philanthropist is particularly focused on the parts of the economy that are the toughest to decarbonise - things like cement, steel and aviation.His thinking is strongly influenced by the energy historian Vaclav Smil. Gates says he has read every one of the Czech-Canadian professor's 40-odd books on the subject. But in a rare interview, Professor Smil tells Justin that he has a decidedly more pessimistic view of how quick and painless the energy transition can be.Producer: Laurence Knight(Picture: Justin Rowlatt interviewing Bill Gates at the Natural History Museum)
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Business Weekly
13/02/2021 Duration: 49minOn this episode of Business Weekly, we examine the world of amateur traders. One in five Americans now play the stock market, but there are warnings that inexperienced traders could be caught out. Also, we take a look at the new space race. Commercial enterprises are vying to see who can get the most satellites into orbit in order to provide internet connectivity to some of the world’s poorest and most rural regions. In the week when Bumble made its market debut, we hear how dating apps are faring during the pandemic. And we chat to the man who provides books for home offices so his clients can seem well-read on video conferencing calls. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
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African Free trade: What’s in it for women?
12/02/2021 Duration: 17minAfter years of planning and delays, Africa’s new trade bloc, the African Continental Free Trade Area, opened in January with the promise of transforming the continent’s economies. Amandla Ooko-Ombaka of McKinsey and Company in Nairobi explains the enormous poverty-reducing potential the bloc represents. But some are calling for the agreement’s terms to more directly benefit women, by helping facilitate trade in their wares across borders. Caroline Gethi of the Organisation of Women in International Trade and Gloria Atuheirwe of Trademark East Africa say the agreement hasn't gone far enough to promote gender equality, and that it as yet doesn’t even recognise the role of women in informal trade which is the backbone of Africa’s economies.Producer: Frey Lindsay(Image credit: Getty Images.)
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Brexit and the City
11/02/2021 Duration: 18minIs one of the world's mighty financial centres under threat from the damage done by the UK's departure from the EU? Six weeks after the final Brexit divorce, Katie Martin of the Financial Times explains the short-term impact, and long-term implications. One winner is Amsterdam. Michael Kent, co-founder of Azimo, a digital payments firm, tells us why he's opened an office there. And if the City of London is losing its allure, why are bankers so optimistic? We hear from the boss of Barclays.Photo: A man wearing a traditional bowler hat looks over at London's financial and business district known as the Square Mile (Credit: Getty).
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The rise of amateur day traders
10/02/2021 Duration: 18minWhen shares in the apparently declining games company Gamestop soared almost 2000% in less than a month, the world’s attention was drawn to an army of amateur investors on new mobile trading platforms such as Robinhood. Investment author Ann Logue breaks down what makes these amateur traders different from regular day traders, and we’ll hear from one such amateur on the ups and downs of playing the market. Professional investor Bill Brewster speaks about what responsibilities the new investing apps have in making sure their users are informed both about the risks and how the apps actually work, and Barbara Roper of the Consumer Federation of America suggests where regulation can play a part. We’ll also hear from day trader and YouTuber HumbledTrader, who cautions people from getting into the game without doing their own research.Producer: Marie Keyworth.(Image credit: Getty Images.)
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Satellites to breach the digital divide
09/02/2021 Duration: 17minBridging the global digital divide, using satellites in space, is the dream of the world's richest men like Elon Musk of SpaceX and Jeff Bezos of Amazon. They're joined in a new space race to carpet the earth in satellite constellations with national governments, private companies and the recently rescued OneWeb, under the new ownership of the British government and Bharti Enterprises. Sunil Bharti Mittal, the executive Chair of OneWeb tells us why firing hundreds rockets skywards makes business sense, even in a crowded market. And he's promised to leave no-one behind. We also speak to Caleb Henry of Quilty Analytics who tells us about the players in the market and Victoria Samson of the Secure World Foundation warns of the dangers of a crowded Lower Earth Orbit. Presented by Ed Butler and produced by Clare Williamson. (Image: Lift off Vr, Credits: Roscosmos and Space Center Vostochny, TsENK)
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Stormy seas for global shipping
08/02/2021 Duration: 18minWe explore the twin crises affecting the shipping industry. First, thousands of seafarers are stranded far from home, unable to travel because of the coronavirus. Add to that congestion at ports across the globe and sky-high freight rates. The result? Unprecedented pressures on an industry that’s usually far from the public eye. We hear from stranded ship-workers and those trying to help them return home. And we speak to the importers and exporters struggling to stay afloat as shipping rates go up and up.(Image credit: Getty Images.)