World Business Report

Another dramatic turn in the Warner Bros Discovery takeover

The American billionaire Larry Ellison has promised more than $40 billion of his money in support of Paramount to buy rival studio, Warner Bros Discovery. Where does this leave antitrust questions around a Paramount or Netflix takeover? Ed Butler hears from Phillip Berenbroick, who served as chief counsel for the US Senate’s judiciary subcommittee on antitrust matters. How much money is Morocco spending as host for the African Cup of Nations? Also, we explore Yiwu, China’s capital of Christmas (Photo: Paramount, Netflix and Warner Bros logos are seen in this illustration taken December 8, 2025. Credit: REUTERS/Dado Ruvic/Illustration)

Why is whiskey maker Jim Beam pausing production?

Leanna Byrne takes a look as Jim Beam, one of the most recognisable names in American bourbon, confirms it will pause production for a year at its main Kentucky distillery from January. India and New Zealand strike a new free trade deal, cutting tariffs and opening markets on both sides. And at the box office, the latest Avatar: Fire and Ash opens more quietly than expected in the US, despite strong takings overseas.

Is EU money enough for Ukraine?

Ukraine's position has been strengthened by a €90bn loan agreed by the EU after failing to agree on using frozen Russian assets. But is it enough to keep the country going? In Sri Lanka, the International Monetary Fund has also approved a $206 million in emergency financing to help the country rebuild after a devastating cyclone. What will taking on more debt mean for the country's future debt sustainability? Elsewhere, the former Chair of the independent board of Ben & Jerry's ice cream independent board has told World Business Report she was forced out by the company's owners, Magnum Ice Cream, following years of tension over Ben & Jerry’s outspoken social activism. Also, Sony has more than doubled its stake in Peanuts, bringing Snoopy and Charlie Brown under its corporate umbrella, while the creator's family keeps the remaining 20% share. (Photo: A serviceman of the 66th Separate Mechanized Brigade prepares to launch a Darts middle range strike unmanned aerial vehicle towards Russian troops. Credit: December 16, 2025. REUTERS/Sofiia Gatilova)

TikTok lives to scroll another day

TikTok’s Chinese owner ByteDance has struck a deal with US and global investors to keep the app operating in America. But who really comes out on top? Could Japan’s interest rate hike offer relief to struggling households? Shipping giant Maersk has sent its first vessel through the Red Sea in two years. And how could a new EU finance deal strengthen Ukraine’s defence against Russia? Presenter: Leanna Byrne Producer: Niamh Mc Dermott Editor: Justin Bones

Will Europe use frozen Russian assets to fund Ukraine?

Volodymyr Zelensky has called on EU leaders at a crunch summit urgently to agree to a multi-billion euro loan in frozen Russian money to fund Ukraine's military and economic needs. Andrew Peach hears from EU leaders and an expert in Brussels. Also, Bolivia ends two decades of fuel subsidies, introducing tough measures to stabilise the public finances, but will people put up with paying more for fuel? And the economic challenges of making guitars, as Hoffner - famous for making Paul McCartney’s iconic violin-shaped bass guitar – has filed for insolvency in Germany. (Photo: Ukrainian President Volodymyr Zelensky gives a press conference during the EU Council Summit in Brussels, Belgium, 18 December 2025. Credit: OLIVIER HOSLET/EPA/Shutterstock)