World Business Report

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.

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’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

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)

It's a big data day for the US, Europe and the UK. What do interest rates decisions and inflation data mean for the global economy? India's textile businesses say high US tariffs are causing major pain for businesses. We hear from the Treasurer of the Tiruppur Exporters Association. And should we be categorising Labubu dolls as a fad?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.Presenter: Leanna Byrne Producer: Victoriya Holland Editor: Stephen Ryan