Federal Reserve comes under pressure as interest rate decision looms
The Chair of the Federal Reserve chair are under scrutiny from Donald Trump after fraud allegations emerge about Governor Lisa Cook. How will it affect the interest rate decision? The authorities in Pakistan's commercial capital Karachi have declared an emergency and a public holiday after monsoon rains paralysed the city. We hear from the local business owner.Sony PlayStation increased the price on its console. Is it one of the consequences of the trade war?And we look at Denmark's decision to tax cow and sheep burps for greenhouse gas reasons.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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Doll-maker Labubu’s profits to rise nearly 400%
Net profits of Labubu maker, Pop Mart, have soared by nearly 400%, and the company's Hong Kong-listed shares are up more than 570%, and it's now worth more than twice as much as Mattel – which makes Barbie. We will look at why these elf-like dolls, made by the Chinese, are trending.
After a five-year pause, China and India are going to restart direct flights between the two countries.
And today, in our Africa series, we're in Kenya, where a tech company in Nairobi is encouraging the use of Bitcoin in one of Africa’s largest slums.
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China’s gains from US tariffs: cheap Russian oil and Brazilian soybeans
American farmers warn of lasting damage as Chinese importers choose cheaper alternatives from other countries like Russia and BrazilAlso, tariffs risk taking some of the steam out of the US coffee industry.And Roger Hearing hears why the British horseracing sector could face strike action over proposed betting tax changes.
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India removes cotton import duties
The Indian government has suspended import duties on cotton until the end of September in response to demands from industry groups. The move to exempt them from the 11% levy is seen as a relief for the textile industry, which is facing a steep 50% tariff on shipments to the US.
Also, how much would you pay for a cup of coffee? If you're in the US, you could be about to pay a whole lot more due to tariffs.
And prices for obesity-treatment drug in the US are expected to drop as Novo Nordisk halves the price of Ozempic.
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Ukraine talks: Will Ukraine and Russia negotiate a full peace deal?
Volodymyr Zelensky and European leaders are holding talks with Donald Trump at the White House - what will be next? We hear from Ukrainian business owner.Also, the Norwegian fund - worth $2 trillion - says it will divest from six firms with connections to the West Bank and Gaza. It currently has around $1.86 bn in companies listed in Israel.And are more people wondering about investing in that staple of many American and Middle Eastern cities - air conditioning?Where do you think some of the biggest movies and TV shows of the last twenty years have been shot? Fast and Furious? Stranger Things? The Walking Dead? Spiderman: Homecoming? It's the US state of Georgia. Despite a drop in investments over the recent years we find out why this state wants to keep the crown as an alternative to Hollywood.
South Africa