World Business Report

US agrees to reduce Swiss tariff rates to 15%

Switzerland and the US have reached a trade deal which cuts US tariffs on Swiss imports from 39% to 15%. That's the same as on goods from its neighbours in the European Union. In return Switzerland will shift some manufacturing to America and Swiss companies will invest $200 billion in the US by the end of 2028. But whether Swiss cheese will be included is yet to be confirmed. Andrew Peach speaks to sellers of Swiss cheese in America about how the tariffs have been affecting their business. Plus we look at how people are using apps to help them reduce their screentime

Billions wiped out as AI sector bears the brunt of tech sell-off

Leanna Byrne explores why global tech stocks have taken a hit this week, as investors dump AI favourites like Nvidia and Alphabet, wiping billions off market values. Google is offering to adjust parts of its advertising system to comply with a European Union order tied to a $3.4 billion antitrust penalty. And Dominos UK says Britain has reached “peak pizza” and is now turning to fried chicken in an effort to revive sales.

European lawmakers dilute green rules

Lawmakers in Europe vote to limit green reporting rules for business. A boost for European competitiveness - or a backward step for the environment? And we examine the reasons why Starbucks workers in the US are going on strike.

The US is facing an economic blindspot

Leanna Byrne looks at the fallout from America's federal government shutdown, which has finally come to an end, but with a warning from the White House that October’s jobs and inflation numbers might never be released. Also, the Starbucks workers going on strike on Red Cup Day. And why Scotland is issuing "kilt bonds"

Tariff relief for US consumers

We examine pledges to ease the tariff burden on some US grocery staples. How will a reduction in levies on coffee and bananas help the consumer? We also find out why food prices are going down in India and hear from Nobel laureate Joseph Stiglitz on what's driving increased global inequality. Photo by JOHN G MABANGLO/EPA-EFE/REX/Shutterstock. Coffee selection at a Safeway grocery store in Oakland, California, USA, 14 August 2024.