Business Daily

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Synopsis

The daily drama of money and work from the BBC.

Episodes

  • A story of modern slavery in the UK

    02/03/2023 Duration: 18min

    Ayo is a victim of trafficking and modern slavery and tells us his story of being taken from Nigeria to the UK and forced to work. We also hear from Emily Kenway, a former policy adviser to the UK’s first anti-slavery commissioner and author of The Truth About Modern Slavery, who explains what modern slavery actually is. Sara Thornton, who was the UK’s independent anti-slavery commissioner until April 2022, explains some of the reasons behind an increase in the number of people being recognised as victims of modern slavery in the UK. We also explore some incoming changes to the UK’s world-leading anti-slavery legislation, changes that Kate Roberts, head of policy at the London-based anti-trafficking charity Focus on Labour Exploitation, tells us she is very concerned about. Producer/presenter: Frey Lindsay (Photo: Child behind wooden crate. Credit: Getty Images)

  • How Portugal is cycling to success

    01/03/2023 Duration: 18min

    The global bicycle market is set to grow by 5% every year over the next decade. Demand has been rising, particularly since the start of the coronavirus pandemic as people look for an alternative to crowded public transport. Concern for climate change and rising fuel prices have also helped to push people onto bikes. Portugal is the biggest bicycle manufacturer in Europe. According to Eurostat, it produced 2.9 million bicycles in 2021, with exports generating around 594 million euros - almost 610 million US dollars - and sales are up 49% this year. The Secretary General of the industry group Abimota, Gil Nadais, explains how Portugal has benefitted from EU import tariffs. Pedro Araújo, the CEO of Polisport Group tells us how the industry is working together to cope with rising energy prices and to overcome supply chain problems and staff shortages. Portugal's Secretary of State for Urban Transport, Jorge Delgado explains how the government is trying to encourage more people to cycle in Portugal, where th

  • Unionising the US workforce

    28/02/2023 Duration: 18min

    There has been a surge in the number of workplaces in the United States voting to join a labour union. Amid this wave of unionisation, companies are pushing back hard. We find out what is happening in the US and how businesses and politicians are reacting. We hear from a worker at outdoor clothing co-operative REI where staff have voted to unionise, plus Michelle Miller, who runs Co-worker, an organisation that supports employees who want union representation. Michael Strain, an economist at the centre-right policy organisation, the American Enterprise Institute, explains that workers are actually doing quite well at the moment as unemployment is low. And have you heard of union-busting? Rebecca Givan is an associate professor of Labor Studies and Employment Relations at Rutgers University in New Jersey - she explains what is happening. Producer/presenter: Rob Young (Photo: Workers on strike from the New York Times. Credit: Getty Images)

  • Syria: Starting a business in a warzone

    27/02/2023 Duration: 18min

    How do you launch a successful start-up in a country where there’s been more than a decade of civil war? In this episode of Business Daily Maddy Savage hears how an entrepreneur from Syria was inspired by Scandinavia’s tech scene. Khaled Moustafa founded Syria’s first ride-sharing app, Yalla Go, in 2019. The platform now has hundreds of thousands of users who can book taxis on their smartphones to get around Syria's biggest cities. Khaled shares his story with Maddy and talks about some of the challenges, and benefits, of launching a business during a time of conflict. We also hear from a Yalla Go driver and get a glimpse into Syria’s emerging tech scene. Presenter/producer: Maddy Savage (Photo: Khaled Moustafa. Credit: Khaled Moustafa)

  • The importance of handmade products

    24/02/2023 Duration: 18min

    The market for real handmade products is reported to have surged in recent years. Initiatives such as Australia's Seasons of New England Expo and Makers Markets in the UK have led to a revival in small artisanal businesses. Online platforms also give skilful craftspeople a vast market to sell to. Business Daily's David Reid hears from sellers in Manchester making things as diverse as balloon animals and mushroom growing kits. We also hear about the benefits of working with your hands. The philosopher and motor mechanic, Matthew Crawford, is the author of 'The Case for Working with your Hands' and 'The World Beyond Your Head' – he tells us why office work and current management practices have removed judgement and decision making from our day-to-day efforts and alienated us from the real results of the work we do. Produced and presented by David Reid. (Image: A potter making a pot using a wheel. Credit: Getty Images)

  • Ukraine war: Preserving culture

    23/02/2023 Duration: 18min

    In this epsiode of Business Daily Ashish Sharma looks at how the art world has tried to preserve Ukraine´s cultural and artistic heritage from the ongoing war. Hear the story of how valuable Ukrainian paintings were put on trucks and sneaked out of Ukraine as Russia began heavily bombing the country. Thanks to the idea of one art collector they are now on display in a museum in Madrid. Ashish also managed to link up with Kyiv to speak to the Director of the National Art Museum of Ukraine, Yulia Lytvynets and Nadia Tymchuk the CEO of the Museum´s Charitable Foundation about how they are trying to protect important artefacts and preserve Ukrainian culture. Presenter/producer: Ashish Sharma (Photo: Exhibition of Ukrainian art in Spain. Credit: Getty Images)

  • Ukraine war: Refugees and resilience

    22/02/2023 Duration: 18min

    It is estimated almost eight million people have left Ukraine in the past 12 months. They have all had to start again - finding housing, schools and a way to earn a living. In this episode we hear from Ukrainians who are staying resilient through huge changes to their lives. They tell us about making sure they can provide for their families, run businesses and help their employees. Konstantin Klyagin is an IT and software entrepreneur from Kyiv. When the war started he was on a flight and unable to land in Ukraine. He now lives in Lisbon, Portugal and tells us about helping his employees relocate with him. Vadim Rogovskiy runs an company developing AI software for use in online shopping. Vadim now lives between New York and Poland. He relocated his whole team to Warsaw, Poland on the day of the invasion. Presenter / producer: Alex Bell (Image: Konstantin Klyagin; Credit: Konstantin Klyagin)

  • Ukraine war: Refugees starting again

    21/02/2023 Duration: 18min

    It is estimated almost eight million people have left Ukraine in the past 12 months. They have all had to start again, finding housing, schools and a way to earn a living. Some have managed to carry on running their businesses and others have set up new companies in the countries they now call home. Business Daily has been hearing some of their stories of remarkable resilience. Volodymyr and Regina Razumovskaya, now living in Perth, Western Australia, tell us about first leaving Donetsk in 2014 only to be forced to leave their new home and business in Kyiv eight years later. Polina Salabay describes the moment she realised she had to leave her home and dance school business behind in Lviv. She now lives in Canada and runs Polli’s Dance teaching Canadian and Ukrainian children. And Anastasia Kozmina and boyfriend Oleksiyy Danko, tell us how they turned their side hustle into a business when they moved to England. Presenter / producer: Alex Bell (Image: Polli's Dance: Credit: Polina Salabay)

  • Ukraine war: Economic fallout

    20/02/2023 Duration: 18min

    Nearly a year since the Russian invasion of Ukraine, Ed Butler examines the real state of the Russian economy. Ami Daniel, chief executive of Windward, a maritime data company, tells Ed about the Russian oil tankers transferring millions of tonnes of crude oil between ships to bypass sanctions. As the war continues, millions of euros worth of Russian assets remain frozen as a result of sanctions. Urmas Reinsalu, the Estonian foreign minister, tells us about an initiative Estonia is leading to actually seize and exploit some of Russian’s frozen billions for the benefit of Ukraine. Presenter / producer: Ed Butler (Image: A market in Kyiv; Credit: Getty Images)

  • Turkey earthquake: What is the future for young people?

    16/02/2023 Duration: 18min

    As the rescue and recovery effort from the devastating earthquake continues, young people who survived are making tough decisions about the future. With Turkey already struggling economically even before the disaster, do they leave and start again in a new region, or a new country? Or stay and help rebuild? Victoria Craig travels to Ankara where she meets Berkay, a second year design student from Gaziantep, one of the most badly affected cities. He drove for 12 hours with his family to reach the Turkish capital. He says he's not sure what the future holds, and he is considering moving to another European country. Roger Kelly is the lead regional economist for Turkey at the European Bank for Reconstruction and Development. He explains how youth unemployment is a particular challenge for southern Turkey, and says it's difficult to say whether people who have been displaced will return when areas are rebuilt. And Professor Güneş Aşık from TOBB Economics and Technical University says students affected by

  • Sweden leads green steel race

    15/02/2023 Duration: 17min

    Boden is a remote town in northern Sweden surrounded by pine forests, it's at the forefront of an initiative to try and clean up one of the world’s dirtiest industries - steel production. Business Daily presenter Maddy Savage visits the site of a new plant in Boden which aims to cut carbon emissions from the steel making process by 95 percent and bring more jobs and people to a shrinking community. Andy Turner is the head of construction for H2Green Steel, the start-up behind the plant in Boden, he tells us more about the site and the process of making greener steel and Katinka Lund Waagsaether, senior policy advisor with climate think tank e3g - third generation environmentalism - tells us how well is Sweden doing in the race to make steel production more sustainable. Producer / presenter: Maddy Savage Image: How the Boden plant is expected to look; Credit: H2Green Steel

  • Nigeria's election and the economy

    15/02/2023 Duration: 18min

    Nigerians head to the polls very soon, in what's expected to be a very closely-contested election. In this episode of Business Daily Rob Young explores how the economy could impact the vote. Africa’s largest economy, is struggling with soaring prices, fuel shortages and insecurity. We hear from Maty Ukhuegbe Osaro who runs a restaurant in Lagos called The Fish Lady, she tells us how the pandemic and rising prices have affected her business and about her hopes for the outcome of this election. Economist and financial business boss, Bismarck Rewane, says us the uncertainty around the election has led some large businesses to hold off taking key decisions and Ngozi Okonjo-Iweala, the director general of the World Trade Organisation, and former finance minister in Nigeria tells us she's optimistic about Nigeria's economic potential. Presenter / producer: Rob Young Image :Campaign rally for the Labour Party in Lagos; Credit: Getty Images

  • What does studying in the UK cost Africans?

    14/02/2023 Duration: 18min

    Frey Lindsay investigates what some African students are required to do to get a place to study in the UK – and what that costs. We examine the cost and relevancy of English language tests and explore the visa pathways that exclude some Africans. Young African academics tell us about their frustrations and the enormous expense involved. Nigerian policy specialist Ebenezar Wikina tells us about his campaign trying increase inclusion for those Africans who speak English and education scholar Samia Chasi explains why academics and institutions in poorer countries deserve more of a place in global education. Presenter / Producer: Frey Lindsay Image: Student, Donatus outside Glasgow University; Credit: BBC

  • Big sporting event, very small town

    13/02/2023 Duration: 17min

    Business Daily’s Matthew Kenyon visits the Dutch town of Hoogerheide as it hosts the 2023 World Cyclocross Championships. Tens of thousands of fans will flock into the town, and spend their money on hotels, food and drink. But where does that money go? And what about the costs and disruption of putting on a major sporting event in a small place? We hear from the head of the local organising committee, Jan Prop, on how he raises and spends his budget; from cycling’s world governing body, the UCI; and from locals and visitors about the spending and disruption that goes with any big sporting event. Producer / Presenter: Matthew Kenyon Image: Cyclocross 2023; Credit: BBC

  • Getting into business: Founding a billion dollar firm

    10/02/2023 Duration: 17min

    Twenty-year-old Aadit Palicha is the man behind India's hottest start up. He was just 18 when he co-founded his quick commerce company Zepto. The firm delivers groceries to its customers in under 10 minutes and is currently valued at over a billion dollars. Aadit tells the BBC's Nikhil Inamdar where the idea for Zepto came from, how they achieve such fast delivery times and what it has been like building such enormous success so quickly. Presenter/producer: Nikhil Inamdar (Photo: Aadit Palicha)

  • Getting into business: Start-up capital in Africa

    09/02/2023 Duration: 18min

    The amount of accessible funding for start-ups in Africa is growing fast, but lots of it goes to the more developed economies of South Africa, Nigeria, Egypt and Kenya. We speak to business owners in Nigeria and Uganda and compare their experiences of getting into business. Nnamdi Okoh is the co-founder of Terminal Africa, based in Lagos. He explains the process of getting onto an accelerator programme and how the advice and financial support has allowed him and his brother to turn the business from a side hustle to a full time job. AbdulMalik Fahd investigates why Lagos has become such a hub for new business on the continent and Tom Jackson the co-founder of Disrupt Africa, a hub for start-up news, explains why investment opportunity is growing so quickly and what this means for business. Kaivan Khalid Satter is the founder of Asaak, an asset financing company for motocyles based in Kampala, Uganda. He explains how tough it was to raise funding at the beginning and tells us how he’s now managed to rai

  • Getting into business: Starting out

    08/02/2023 Duration: 17min

    Starting a business is never easy, but in the last few years there’s been more than usual to deal with. Many would assume it's not been a great time to start trading but we speak to three business owners who did just that. Tina Kayoma is the co-founder of Project of Japan in Kyoto. A business that sells products made by Japanese crafts people across the world. She opened her first shop last year. Maria Jose Hernadez is in Switzerland where she runs a confectionary business called El Caramelo and Lisa Nielson is in Ghana where she runs Tiny Reusers, a business that sells second hand baby items. They come together in this episode to explain what it's been like setting up a business where they live. They also discuss the good and bad moments they've had and give their tips for anyone else looking to start a business. Producer/presenter: Hannah Mullane (Image: Tina Kayoma, Maria Jose Hernadez and Lisa Nielson, with kind permission)

  • Getting into business: Selling on social media

    07/02/2023 Duration: 18min

    Some businesses in South East Asia are growing at remarkable rates by using social media to sell. Live streaming on TikTok and live chatting on apps like Whatsapp, Line and Zalo are all being used to increase sales. We find out how. Nina Dizon-Cabrera is the CEO of make-up brand, Colourette Cosmetics in the Philippines. She explains how her business began on social media and how she can sell thousands of products in just a few hours by live streaming on TikTok. Joan Aurelia heads to Jakarta in Indonesia. The country has over 100,000 TikTok users, the second biggest market for the app after the United States. She speaks to business owners there about how social media has allowed them to transform their businesses. Simon Torring is the cofounder of Cube Asia, a market analyst. He explains how much this new way of selling is contributing to the economy and predicts where the next big trends will come. Presenter/producer: Hannah Mullane (Photo: Nina Dixon-Cabrera Credit: Colourette Cosmetics)

  • Getting into business: Mentoring

    06/02/2023 Duration: 17min

    A mentor can take many different forms but ultimately they’re there to give you advice, put you in touch with contacts they have and support you, whether you’re setting up a new business or looking to make the next step in your career. We head to Sweden to speak to Caxton Njuki, a professional sports and health coach who is a mentor to Jessika Sillanpää. He supported her for a year as she set up her business Jessikastory. They give us an insight into their mentoring relationship and how the process allowed Jessika to work on her business full time. Abhishek Nagaraj, an expert in business mentoring at the Haas School of Business at the University of California, Berkley. He discusses the different forms of mentoring and the economic benefits if you have a really good mentor. Producer/presenter: Hannah Mullane (Image: Caxton Njuki and Jessika Sillanpää Credit: Caxton Njuki)

  • What is the cost of lower inflation?

    03/02/2023 Duration: 18min

    With food and heating prices going up, and wages not rising at the same rate, there is pressure on central bankers across the world to tackle inflation. But is this the right approach? And can it be done without crashing the economy? Ed Butler hears from parents at a cheerleading class in Castleford in northern England, who are concerned about rising prices. They say it is the food shopping where they have noticed the price rises – with one parent shopping online to stop children asking for more items. Jason Furman, a Harvard professor and President Obama's chief economic adviser, explains how we have reached this position – largely as a result of the pandemic and resulting government responses, and the invasion of Ukraine. Former Federal Reserve economist Claudia Sahm explains how prices are rising for the core essentials - hitting poorer households disproportionately which is an issue for the whole economy. And why do we have a 2% inflation target? Mohamed El-Erian, veteran economist and president of Qu

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