World Business Report

George Johnson: 'He was extraordinary'

Pioneering entrepreneur George Johnson has died aged 99. We speak to Valerie Jarrett, American businesswoman, former Senior Advisor to the President of the United States, and chief executive officer of the Obama Foundation. She knew George Johnson throughout his life, and was a close friend. Russia has banned exports of diesel in order to avoid domestic shortages, after a flurry of attacks by Ukrainian drones on the nation's refineries. We take a look at what impact this is having on the country. The US military says it has carried out a second night of airstrikes on coastal targets, we get the reaction from the oil markets. Presenter: Leanna Byrne Producers: Rob Cave, Parisa Qurban, Aleeza Siddiq. (Picture credit: George E. Johnson, founder of Johnson Products Company, during the Harvard University Hutchins Center Honors W.E.B. Du Bois Medal Ceremony on November 4, 2025. / Photo by Erica Denhoff / Icon Sportswire via Getty Images)

Ukraine's drone strikes hit Russia's oil industry

Russian motorists queue for miles in the hope of buying petrol, but President Putin describes the problem as manageable. Meanwhile fighting has erupted in the Persian Gulf with both US and Iran firing at targets on land and at sea. Almost no ships are currently passing through the Strait of Hormuz. And the world's biggest professional ESports event gets under way in Paris.

SpaceX's lift-off moment stalls

Twenty five days ago SpaceX debuted on the stock market in the largest initial public offering in history, selling US$75bn worth of shares. Now its joined the Nasdaq 100 index of firms including Microsoft, Apple and Nvidia, so why have its shares fallen? We hear from tech investor Eileen Burbridge and financial advisor Jennifer Snyder on why investors might not be feeling reassured. Canada's launching a new national strategy for artificial intelligence called the 'AI for All' plan, setting targets for economic growth, jobs and safeguards as the government looks to strengthen its control over the technology. Leanna Byrne speaks to Jerry McGinn of the Center for Strategic and International Studies (CSIS) on how NATO countries will pay for the biggest rise in defence spending in decades. And China’s robotaxi firms are racing overseas, but will passengers trust cars without drivers? Global business news, with live guests and contributions from Asia, Europe and the USA. (Picture: SpaceX founder and CEO Elon Musk is shown celebrating the company's debut on the Nasdaq market in New York City, New York, USA, on 12 June 2026. Credit: Sarah Yenesel / EPA / Shutterstock.)

Ethanol fuels row in India

Motorists are angry that petrol in India must contain 20% ethanol alchol. Samsung's profits jump on sales of memory chips for AI, but the share price falls. And can China become the global leader in self driving cars?

The future of gaming after Xbox cuts

With Microsoft announcing nearly five thousand job cuts, and XBOX bearing the brunt of the losses, we look at what's changing in the world of gaming and hear from former Xbox executive Peter Moore on how it might affect some of the globe's most popular computer games. Meanwhile, as NATO leaders prepare to haggle in Turkey over defence spending, we get advice from Sweden's former Prime Minister Carl Bindt on how countries balance their budgets against growing security demands. Also on the programme, Andrew Peach discusses the growing concern around political interference in football after FIFA's shock decision to overturn United States forward Folarin Balogun's suspension for a red card offence. And as World Cup games in Mexico come to an end, Mexico City's tourism minister Alejandra Frausto Guerrero talks about the country's hope for a boost in tourism. The latest business and finance news from around the world, on the BBC. (Picture: A teenager holding a controller to play a video game on a Microsoft Xbox One console, in Corfe Mullen, Dorset, UK. Credit: Yui Mok / PA.)