World Business Report
The latest business and finance news from around the world, on the BBC.
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Shein's Big IPO - and a Smaller Valuation
<p>Shein finally makes its stock market debut in Hong Kong, after failed attempts to list in New York and London. And the company is now valued at around a quarter of its 2022 peak. We look at whether it really is third time lucky for the fast-fashion giant. </p><p>China tightens the rules for its carmakers, warning against aggressive price cuts as brands such as BYD look overseas for growth. We hear from former Nissan and Aston Martin executive Andy Palmer.</p>
Apple's new chief
<p>In the 15 years since he's been charge at Apple, Tim Cook has turned the consumer tech company into a multi-trillion dollar success. What does new CEO John Ternus need to do to keep Apple on top? Also, what's on the minds of those running the world's biggest economies? We take the temperature at the G20 summit in North Carolina. And as Sony Music Publishing and Warner Chappell become the latest industry names to take legal action against an AI giant, we speak to someone at the heart of the debate: a real-life musician. Photo: REUTERS/David Swanson</p>
US-Iran conflict: What next for oil and trade?
<p>The US and Iran exchange fire for the first time in a month, as an oil tanker reportedly hits mines in the Strait of Hormuz. We look at what the renewed fighting could mean for oil supplies, shipping and the global economy. Also, China and Russia hold talks as world leaders gather for the Shanghai Cooperation Organisation summit. And after 15 years at the top, Tim Cook prepares to step down as CEO of Apple.</p><p>Producer: Bisi Adebayo Presenter:Luke Wilson</p>
US Central Bank Chair says inflation isn't beaten yet
<p>The head of the US Federal Reserve, Kevin Warsh, says policymakers "have work to do" if they are not confident cost-of-living pressures are easing for Americans.</p><p>Policy makers from 10 nations neighbouring the Baltic Sea have been meeting today to discuss hybrid attacks on their countries. Earlier this month Leipzig Airport in Germany was shut after drones targeted planes.</p><p>And a group of more than 80 performers have written to the British Prime Minister urging his government to take action over companies using Artificial Intelligence to clone their voices.</p>
Warsh strikes cautious tone on US interest rates
<p>In his first speech at Jackson Hole as Federal Reserve Chair, Kevin Warsh said that while inflation data had been better than expected over the summer, it did not suggest the outlook had "meaningfully improved". However, he stressed that his remarks should not be seen as a guide to future interest rate decisions. And more than 80 British actors and voice artists are calling for stronger legal protections against AI-generated copies of their voices. Presenter: Bisi Adebayo Producer: Amber Mehmood</p>
AI firms call for countries to beef up their cyber defences... against AI
<p>They warn cyber-attacks which use AI will become both more widespread and more sophisticated in a matter of months as the technology rapidly improves.</p><p>UEFA is preparing criminal legal action against the President of FIFA, Gianni Infantino.</p><p>And a barrel of single malt scotch whisky bought in 1971 for $175 has been valued by auctioneers at $370,000.</p>
Hormuz Oil Flows Recover
<p>More oil is making its way through the Strait of Hormuz, despite the continuing war with Iran, with Kuwait and Qatar among the Gulf producers finding new ways to keep supplies moving. </p><p>Could tighter restrictions on Facebook and Instagram actually make children safer online? A former Meta engineering director and whistleblower says changes agreed in a multibillion-dollar US settlement won't go far enough. </p><p>And Forbes Russia has named Wildberries founder Tatyana Kim the country's wealthiest woman, despite Ukrainian attacks on the company's warehouses.</p>
Meta agrees to pay up to $18Bn in record legal settlement
<p>The Facebook and Instagram owner was accused by several US States of having addictive products that harm children.</p><p>Shares in US chip designer Nvidia rise in after hours trading after its 2 quarter results beat market expectations. It remains the world's most valuable company.</p><p>And we hear about the amazing business acumen of the country music star Dolly Parton who died yesterday.</p>
Meta agrees $18bn settlement
<p>Meta, the parent company of Facebook and Instagram, has agreed to an $18bn settlement with 29 US states over claims that its platforms harmed children. The deal, which is subject to court approval, would require Meta to introduce new rules for teenage users, including daily limits and overnight blocks. </p><p>The collapse of what was once one of China’s biggest property developers is now threatening to become a multi-billion-dollar headache for PwC. A Hong Kong judge has ruled that Evergrande’s liquidators can pursue PwC’s global organisation, as well as its Chinese affiliates, over alleged audit failings. They’r...
Canada hits back at the US with $20Bn tariffs on US goods
<p>Finance Minister François-Philippe Champagne announced ‘dollar-for-dollar’ counter-tariffs on a swath of U.S. goods — with a sliding scale of 15, 25 and 50 per cent.</p><p>Ed Butler speaks to an shipping expert and asks if anyone really knows how much oil and gas is currently being exported from the Middle East via the Strait of Hormuz.</p><p>And Volkswagen's Chief Executive has embarked on tour of German plants amid a plan for the auto giant to cut tens of thousands of jobs at home.</p>
