Iran faces 'greatest financial offensive ever'

Iran faces 'greatest financial offensive ever'

The US has announced a host of sanctions against Iran and threatened its supporters in what Treasury Secretary Scott Bessent said is "the single greatest financial offensive ever". Trade relations between Canada and the United States have sunk to a new low after weeks of urgent talks fell apart over the weekend. Meanwhile Ed Butler takes a look at the growing trade tensions between the European Union and China.

US warns Iran of "the single greatest financial offensive ever"

What could new sanctions mean for Iran's economy and its trading partners? Meanwhile, President Trump announces plans for a 50% tariff on Canadian vehicles from 2027. Also, Singapore announces a $55,000 incentive aimed at encouraging people to have more children. And China showcases its growing humanoid robot industry. Presenter: Bisi Adebayo Producer: Niamh Mc Dermott

Title: El Niño: What could it mean for the global economy?

Long: Meteorologists warn a developing El Niño could be the strongest in living memory, with scientists saying next year could become the hottest on record. We look at what that could mean for businesses and global trade as low rainfall forces the Panama Canal to restrict shipping. Also, Premier League clubs spend billions on new players despite new financial rules. And how a low-budget animated film became an unlikely box-office hit in China. (Photo: Panama Canal Authority limits daily ship traffic due to El Nino drought, Panama City - 20 Aug 2026. Credit: EPA/Shutterstock

El Nino causes the economy to heat up

A strong weather system which causes the globe to heat up is already having an impact on business with the Panama Canal reducing the number of ships which can pass through and certain food prices in India rising Japan's inflation hits its highest level of the year and the Golden Ball - why a football could sell for $10 million

America's $40 trillion debt

US government debt has topped $40 trillion for the first time, raising fresh questions about America’s finances and the cost of borrowing. We also look at a new trade deal between Switzerland and China. And the workplace behaviours most likely to land employees in trouble with their bosses. (Photo:A screen displays the total U.S. National Debt, which surpassed $40 trillion for the first time according to the Treasury Department, in New York City, U.S., August 19, 2026. Credit: REUTERS/Brendan McDermid)