World Business Report

President Trump lays out plans for Venezuela's oil reserves.

The US president, Donald Trump, has met top American energy executives in the White House, saying his government will choose which US firms can exploit Venezuela's vast oil reserves. Also, Elon Musk's social media site X could face a UK ban over a feature enabling users to create fake, sexualised images of women. And why the search for more protein and fibre means some takeaway food stores are feeling the pinch. (PHOTO: A model of an oil pump is seen in front of a Venezuelan flag in this illustration taken January 9, 2026. Credit: REUTERS/Dado Ruvic/Illustration). Presenter: Andrew Peach Editor: Craig Henderson Producer: Ahmed Adan

EU-Mercosur deal gets green light

A free trade agreement between the European Union and the South American trade bloc is approved, but some countries aren’t happy. We speak to a European Commissioner for Trade about the deal. And there's another big deal brewing - this time in the mining sector, as Glencore and Rio Tinto are in preliminary talks about a takeover worth two hundred and seven billion dollars. A mining analyst gives us his take on what it could mean for the industry. And how has news of that deal affected markets? We’ll be finding out.

Greenland is not “an object to be acquired”, minister tells BBC

As President Trump and European leaders have their say about Greenland, BBC’s Andrew Peach hears from Greenland’s business minister, Naaja Nathanielson. And, in a few weeks, a group of potential investors and hedge fund managers will be heading to Venezuela after its president was forcibly removed by the US. We will hear of those heading to Caracas. Also, beef prices in the US are at record highs – they went up by 22% last year. (Photo: The Greenlandic flag Erfalasorput flies on the Tivoli Castle in Tivoli in Copenhagen, Denmark, 08 January 2026. Credit: Ida Marie Odgaard/EPA/Shutterstock) Presenter: Andrew Peach Editor: Craig Henderson Producer: Ahmed Adan

Why does the US want Greenland?

President Trump wants Greeland - and security, money, minerals and influence are all part of the picture. We chat to a Danish politician about Trump's claims. In the US, Trump wants to crack down on payouts to executives and shareholders of major US defence contractors - and also plans to dramatically increase military spending. A defence specialist gives us the lowdown on his objectives. And tech giant Samsung expects bumper profits, so how has that affected its shares? We'll be finding out.

US seizes Russian-flagged oil tanker

America would control Venezuelan oil sales 'indefinitely' according to US Energy Secretary Chris Wright. Also, why is Warner Brothers Discovery telling its shareholders to reject an updated bid from Paramount Skydance? And the race to build the most powerful computers ever seen. (PHOTO: The vessel tanker Bella 1 [now called the Marinera] at Singapore Strait, after U.S. officials say the U.S. Coast Guard pursued an oil tanker in international waters near Venezuela, in this picture taken from social media on March 18, 2025. Credit: Hakon Rimmereid/via REUTERS)