Business Daily

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Spending on defence May 19, 2022

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Rahul Tandon looks at changing attitudes to defence spending following Russia's invasion of Ukraine. There have been new funding commitments from countries like Germany, while Sweden and Finland now want to join NATO, but what's the true cost? We speak to Estonia's defence minister Kalle Laanet about his country's growing military budget, and German member of the European Parliament Viola Von Cramon Taubadel on her country's decision to spend more. Dr Diego Lopes Da Silva, a researcher with the Stockholm International Peace Research Institute, says global spending reached a record level of $2 trillion in 2021, before the invasion of Ukraine. Steven Zaloga, a military analyst at the Teal Group, explains the role of cutting edge drone technology, and Allison Pytlak from the Women's International League for Peace and Freedom discusses the human cost of conflict. Presenter: Rahul Tandon Producer: James Graham Photo: Ammunition in a shopping trolley (Credit: Getty Images)

Generation Z and crypto trading May 18, 2022

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The lure of making a quick buck means young people have always invested in risky assets. For Generation Z, it is the volatility and the decentralised nature of digital assets such as cryptocurrency and NFTs which is so attractive. They are unregulated, meaning there is no investor protection. Some experts warn that trading them should be categorised as gambling.

Mariko Oi hears from young people who have lost vast sums of money trading in digital assets, Resh Chandran who describes himself as a financial educator offering training in conventional stocks, cryptocurrency and NFT trading in Singapore, and Brian Jung. Brian is an investor, entrepreneur, and influencer. He is best known for his personal finance, credit card, and crypto YouTube channel which boasts one million followers, but compared to other influencers, he is known to talk more cautiously about risks and danger.

Presenter: Mariko Oi Producer: AnneMarie Parnell (Photo: Brian Jung. Credit: Brian Jung

Rebuilding Puerto Rico's electricity supply May 17, 2022

Show notes

Samira Hussain takes you to Puerto Rico. Back to back hurricanes 5 years ago shattered the island's electricity grid, leading to the longest blackout in American history. Residents are still trying to claw their way out of the darkness.

But one Puerto Rican town, in the island's mountainous region, may have found a solution. Arturo Massol Deya is the associate director of Casa Pueblo, he tells us how he's using solar panels to ensure a reliable supply of electricity to his local community.

We also hear from Wayne Stensby, CEO of Luma Energy. Last year, the transmission and distribution of electricity in Puerto Rico was privatised and handed to Wayne and his team. He tells us the whole system needs a lot of regeneration and investment.

Presenter / Producer: Samira Hussain

Image: Arturo Massol Deya; Credit; Andrew Herbert BBC

Business Daily Meets: Estonia’s first billionaire May 16, 2022

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In the first episode of our new strand - Business Daily Meets - we hear from Estonia’s first billionaire, Kristo Käärmann.

In this in-depth interview the TransferWise (now Wise) co-founder and CEO explains how a €500 loss led to the creation of a multi-billion dollar business.

He tells us about creating something from nothing, keeping his ego in check, and insists saving customers $1 billion a year is only the start of the journey.

Presenter: Rahul Tandon Producer: Sam Clack

Image: Kristo Käärmann; Credit: Jake Farra/Wise

Million by 30: Iseult Ward May 13, 2022

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In this series you will hear from six people from all over the world who’ve hit that million milestone before their 30th birthday. Our second guest is Iseult Ward from Ireland, who tells Sam Fenwick how she started building her social enterprise FoodCloud while still at university in Dublin. Iseult and her team make more than a million meals every month from food that would otherwise end up in the bin. Hear how she started out working with small market traders, scaled up to work with huge multi-nationals in multiple countries and how she deals with imposter syndrome. Presenter: Sam Fenwick Producer: Helen Thomas (Photo: Iseult Ward. Credit: Getty Images)

Eurovision: The price of performing May 12, 2022

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In today’s episode of Business Daily we’ll see how Eurovision goes so much further than the stage.

We head to this year’s host city, Turin in Italy, to see whether there’s a been boost in local business there.

We hear from Ochman who's representing Poland, on how his career has changed since becoming an act, and from Emmelie De Forest who represented Denmark in 2013, who says the competition was both a "blessing, and a curse".

Dr Filippos Filippidis, from Imperial College London, tells us about the positive effect that Eurovision can have on a country's mental health. And Dr Adrian Kavanagh from Maynooth University in Ireland, talks about the economic impact of hosting.

We also speak to one of the competition’s most famous former presenters, Danish actor Pilou Asbaek.

Presenter/producer: Izzy Greenfield Image: Getty (Description: Eurovision song contest logo 2022)

Cash in a conflict May 11, 2022

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How does day-to-day survival work in a war when cash and food are in short supply? Rahul Tandon speaks to a woman in Russian-occupied Kherson where the rouble has just been introduced as an official currency. He also hears from Zaporizhzhia entrepreneur Vitali Ivakhov about how he's keeping his businesses going, and paying wages.

A survivor of Mariupol explains how day-to-day life continued during the siege, and Bosnian journalist Aida Cerkez talks about her personal experience of the siege of Sarajevo - the longest in modern times.

Former Ukrainian finance minister Natalie Jaresko tells us about the crucial role digital payments have played, and how frozen Russian assets must be used to help pay for the rebuilding of Ukraine.

Presenter: Rahul Tandon Producer: James Graham Photo: Five hryvnia notes (Credit: Getty Images)

The Royal Family: How strong is its brand? May 10, 2022

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Samira Hussain investigates the brand of the British Royal Family. It's estimated to be one of the biggest brands in the world, steeped in history, tradition and of course scandal...

In the Queen's Platinum Jubilee year we look at how recent events have changed things for the royal brand and what coming changes and challenges could mean going forward. Pauline McLaran, professor of marketing and consumer research at Royal Holloway University and co-author of Royal Fever: The British Monarchy in Consumer Culture explains how this multi-faceted brand actually functions and what she thinks are the biggest problems it faces.

We'll also explore whether being associated with brand Royal is still good for business. Jason Bell is a photographer based in New York. He took the photographs of Prince George’s christening and tells us about the media interest in him being linked with that job and the global response to his pictures. Chef Darren McGrady, who cooked for the Queen and Princess Diana for many years, also joins us. Darren now runs a business in Dallas, Texas called Eating Royally. He says working for the royals definitely opened doors for him, but has questions about the future of the brand.

Presenter: Samira Hussian Producer: Carmel O'Grady

(Image: Queen Elizabeth II and members of the royal family; Credit: Victoria Jones / PA Wire)

Turning waste into money May 09, 2022

Show notes

How does plastic get from your bin to the recycling plant? According to The Pew Charitable Trust, 60% of plastic recycling globally comes from individual waste pickers, an informal economy of millions of people who go out picking up plastic every day. As the world starts to look at ways to reduce our plastic waste, how might this impact the livelihoods of the waste pickers who rely on it?

We hear from Gladys Mwamba at Plastic for Change in Zambia, who spotted an opportunity to use her Chinese language skills by acting for local waste pickers selling to Chinese recycling firms. On a larger scale, a for profit social enterprise called The Plastic Bank in Canada is working with over 20,000 waste collectors in Brazil, Indonesia, The Philippines and Egypt. They offer above market prices for plastic, alongside subsidised education programmes and other necessities such as food and fuel. Rich Gower, a senior economist at Tearfund, a Christian international development charity, tells us why an international plastics treaty this year is a key moment for waste pickers. In many countries waste pickers are organising into unions or co-operatives. We speak to representatives from SWaCH, a co-operative of waste pickers in Pune, South India, that has been running since 1993.

Presented and produced by Beatrice Pickup. Additional reporting by Mutuna Chanda.

Image: Gladys Mwamba at Plastic for Change in Kitwe, Zambia; Credit: Mutuna Chanda

Million by 30: Hertzy Kabeya May 06, 2022

Show notes

Hertzy Kabeya – the first in our million by 30 series - tells us how he developed and launched what’s become an enormously successful education tech company.

Hertzy overcame huge setbacks as founder and CEO of Student Hub. The company almost went bust but Hertzy's drive and leadership ensured the business survived and went on to secure multi million dollar investment. Find out how he did it, what he thinks his business superpower is and what he learned on the way to hitting that million benchmark by his 30th birthday.

Presenter: Felicity Hannah Producer: Helen Thomas

Image: Hertzy Kabeya, Credit: Hertzy Kabeya