World Business Report

Powell says he will stay on as Federal Reserve Governor

Jerome Powell says he will continue to stay on as Federal Reserve Governor, even after his chairmanship ends. We look at what this means for the future of the US central banking system. Three ships have been hijacked off the coast of Somalia in the past week. We look into concerns of maritime piracy in the area, as experts warn reduced naval patrols could be creating an opening for armed groups. And we go to India where we hear how the glass industry has been suffering due to the war between the US, Israel, and Iran. (Image credit: Jerome Powell, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Photographer: Daniel Heuer / Bloomberg via Getty Images)

You could be paying more for fuel for longer as oil price rises again

Oil prices have jumped despite the UAE exit from the OPEC groups of oil producing countries - we'll be looking at why. And more pressure is pilling on social media as a report finds Meta is in breach of EU law for failing to stop under 13 from using Facebook and Instagram. Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Justin Bones

How will leaving OPEC impact the UAE's oil production?

The United Arab Emirates is leaving OPEC and OPEC+ after nearly 60 years of membership, we find out what triggered them to leave. In the US, we hear what is being said in the major court battle between Elon Musk and ChatGPT founder Sam Altman. And we ask if lab-grown diamonds are better for the environment. [Picture: An oil drum with featuring the logo of the Organization of the Petroleum Exporting Countries (OPEC). Photo credit: Andrey Rudakov/Bloomberg via Getty Images.]

United Arab Emirates is quitting the Opec and Opec+

The United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years. As people continue to feel the pain at the pumps, energy giant BP has announced massive profits - meanwhile oil prices continue to climb. And with the World Cup just weeks away there's a race to finish Mexico City's airport and stadium before kick off.

Is Sierra Leone's diamond industry under threat?

Diamond mines across Sierra Leone are closing, deepening economic uncertainty and raising fears of further conflict. Our presenter Ed Butler travels to the country’s mining region to uncover what’s behind the shutdowns. In the US, a court case is underway between the world’s richest man, Elon Musk, and the head of OpenAI, Sam Altman. And amid ongoing LNG export uncertainty, could coal be on the rise again? We find out what this means for countries in Asia and a mining community in America.