Jaguar Land Rover has announced it will reduce output temporarily as the firm struggles to stock up on microchips. We explore why the shortage is lasting so long and its impact on the car making industry.
We also discuss the latest from Black Friday, with Amazon workers striking and protesting in several countries on the biggest shopping day of the year. And we take a look at what stores in the US are doing to clear inventories in a slowing economy.
Also in the programme, have US financiers fallen out of love with English football? And early rising is one of the latest trends on TikTok for those on the search of success. But what for some is a choice, for others is a necessity.
Why this Black Friday is a harder sell
It's the biggest retail day of the year in many parts of the world. But in the midst of an economic storm, is Black Friday the bellwether of a gloomier holiday season? For the African e-commerce platform Jumia, Black Friday comes at a particularly turbulent time. The firm's co-founders stepped down after it posted major losses earlier in the year. Jumia's new boss tells us about the latest restructuring effort. Another company seeking to transform its fortunes is the web platform Yandex, often touted as Russia's answer to Google. We hear why part of that means cutting ties with the country altogether.
Covid cases in China hit record high
Daily Covid cases in China soar to record high since the pandemic began, despite the government's intense strategy of lockdowns and mass testing to prevent infections. We hear from residents about the current situation in the capital, Beijing, where there's been a renewed surge in cases.
Also in the programme, we take a look at the latest developments in the European Union, where members are struggling to agree on a price cap to gas imports.
Zimbabwe has vowed to double government spending in 2023, as the government says the country is now emerging from a recession. We explore how authorities are dealing with high levels of inflation and debt.
JCPenney's Chief Marketing Officer explains why Black Friday is important to retailers the US amid the current cost of living crisis.
Where next in China's Covid war?
There's looming uncertainty across major Chinese cities as coronavirus continues to spread. Deserted streets and tower blocks under quarantine are familiar sights again in Beijing. But are citizens more worried about lockdowns and livelihoods than the virus itself? Elsewhere, as Americans (and other consumers) prepare for Black Friday, retailers are hoping for heavy spending in spite of household price pressures. The UN has agreed to take a lead on global tax rules, after member states criticised the OECD's six-decade track record. Also, World Business Report blasts off to find out why the race for space is heating up once again.
Blackouts spread across Ukraine after Russian strikes
Russian shelling knocks out electricity supplies to large parts of Ukraine, leaving the country with practically no undamaged thermal and hydroelectric power plants. We talk to Natalie Jaresko, a former Ukrainian finance minister.
The International Monetary Fund has urged China to boost its Covid-19 vaccination rates in hopes the authorities might soon rework their Covid Zero strategy. This comes as Beijing is struggling to maintain its policy of using mass testing and lockdowns to eliminate the virus. We hear from a local resident in the capital about growing discontent surrounding these restrictions.
We also look at the reported clashes between police and workers at the largest iPhone factory in the world, in the Chinese city of Zhengzhou. Covid Zero policies have led to weeks of unrest in these facilities.
Credit Suisse has warned it will lose around $1.6 billion in the fourth quarter after customers pulled their investments and deposits over concerns about the bank’s financial health. We discuss what’s happening at the bank.