World Business Report

US eases restrictions on Venezuelan oil exports to Cuba

The United States says it will ease restrictions on Venezuelan oil exports to Cuba's private sector as Washington's blockade leads to a worsening crisis on the Caribbean island. Former US treasury secretary and onetime Harvard president Larry Summers retires from his roles at the university. Elsewhere in Milan, Gucci is facing a backlash after using AI to make images to promote its forthcoming show at Milan Fashion Week. Critics have questioned how using AI instead of human models and photographers is in keeping with the fashion giant's values.

China and Germany’s leaders meet, seeking closer ties

The German chancellor, Friedrich Merz, says there is a 'great opportunity' to develop a relationship with China, following a meeting with its leader Xi Jinping, in Beijing. Merz is currently on his first visit to China, which is Germany's biggest trading partner, since becoming leader 10 months ago. Plus a dispute is brewing between Washington and an AI company over military use of its technology. Presenter: Bisi Adebayo Producer: Matt Lines Editor: Justin Bones

President Trump is set to deliver the 2026 State of the Union address

President Donald Trump is delivering the 2026 State of the Union address to the nation. We examine how this might affect the state of the US economy. Also what does the business community want to hear in the coming year ? A Florida based business shares his thoughts with us. Four years after Russia launched its full-scale invasion of Ukraine. What impact is the war having on the economies of the two countries? And Novo Nordisk is halving the US list price of its most popular weight-loss drug. This comes after the Danish company announced that the trial of its latest weight loss medication CagriSema had under performed.

What does Trump's new 10% tariff mean for consumers?

President Trump's new global 10% tariff comes into force today, and could rise to 15% for all of the US's trade partners. We find out what it means for Americans, and who if anyone could get a refund from the original tariffs. Plus after four years, what is the economic cost of war for Ukraine? Presenter: Leanna Byrne Producer: Matt Lines Editor: Justin Bones

EU puts its trade deal with the US on hold

We look at one of the world's biggest trading blocks the EU which has now delayed ratifying its trade deal with the EU. Rahul Tandon talks to the retailer from Colorado and Ulrike Malmendier, a member of the German Council of Economic experts. Also, we find out what is the current situation in Puerto Vallarta in Mexico. And the boss of Netflix, Ted Sarandos tells the BBC its bid for Warner Brothers is better than a rival one from Paramount. (PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium. Credit: REUTERS/Yves Herman)