Business Daily

The region of Bordeaux in the south-west of France is perhaps the most famous wine-producing area in the world. But it’s struggling. While the prestigious, most expensive wines – Saint-Émilions, Pomerols and Margaux are selling well, others are not.For the producers of the 850 million bottles of the region's famous red wine, it’s a difficult time due to a major decline in consumption.We look at the reasons for this, the impact it’s having, and what winemakers are doing to help protect their livelihoods.Presenter: John Laurenson (Image: A glass of red wine. Credit: Getty Images)

Sam Bankman-Fried, the American crypto entrepreneur who went from billionaire to bankrupt, is on trial in New York for fraud. The 31-year-old who founded the cryptocurrency exchange FTX is accused of lying to investors and lenders. He has denied those charges, and instead says he was acting in good faith but made mistakes. He says he never set out to defraud anyone. In the coming days, 12 jurors will decide his fate - he could face a life sentence in prison if convicted. Vivienne Nunis speaks to financial journalist Michael Lewis, who spent hundreds of hours with Sam Bankman-Fried for his new book Going Infinite.Presenter: Vivienne Nunis(Image: Sam Bankman-Fried leaving a court hearing in June 2022. Credit: Getty Images)

Trick or treat and other traditions are now at the centre of a global multi-billion business. The ancient Celtic and Pagan festival, which started thousands of years ago in Ireland, was taken by emigrants to North America, where it was turned into a major annual event. The National Retail Federation in the US tells Russell Padmore how spending by consumers is forecast to be a record of more than $12bn. Jadrain Wooten, an economist at Virginia Tech, says the sales promotions for Halloween are getting earlier every year and lasting at least month. We hear about the economic benefits of Europe’s biggest Halloween Festival in Derry City in Northern Ireland and visit a pumpkin farm in the region. An Irish cultural historian, Manchán Magan, tells us about the roots of the festival, which used to be called Samhain and we find out how retailers in Australia are cashing in by selling costumes, pumpkins and other items as consumers enjoy the traditions of Halloween.Presenter: Russell Padmore(Image: Children trick or tr

Countries around the world are racing to achieve targets on the ban of new petrol and diesel cars - but they are hitting stumbling blocks, meaning some are pulling back on their commitments. Although global sales of electric cars are rising, some countries are struggling to persuade drivers to make the switch. Reasons given include insufficient or unsuitable charging points, and the price tag: criticism is often put to governments that the shift to electric cars is hardest for the least well off.In this edition of Business Daily, Rick Kelsey looks at one country which is well ahead of the rest: Norway. The country's aim is that all new car sales in 2025 will be of electric vehicles - a plan being supported by financial incentives and policy changes.He also speaks to business leaders in the car industry, including a man known as "the Godfather of EV", to find out what's needed if countries are to phase out internal combustion engines.(Picture: An electric car being charged. Credit: PA/John Walton)Presented and

After many months of news headlines about whether Elon Musk was going to buy Twitter, he eventually completed the purchase on 27 October 2022. Since then, the company’s been through some big changes; laying off most of its 8000 employees, a rebrand to ‘X’, and reinstating some previously banned accounts on the platform. Mr Musk describes himself a free speech absolutist and says he bought Twitter – now called X - to create a space where “a wide range of beliefs can be debated in a healthy manner.” However, the company’s faced criticism over lax content moderation, leading to advertisers halting ads on the service. He hopes to boost revenue by making the site a paid-for platform, setting himself some ambitious financial targets.In this episode, Sam Fenwick speaks to former employees, business owners and journalists to get a picture of what has happened at X since Elon Musk took over. (Picture: Elon Musk next to a logo for X - formerly known as Twitter. Credit: Anadolu Agency/Getty Images)Produced by Amber Mehm

In 2015, Akinwumi Adesina was elected President of the African Development Bank (AfDB), and since then he's become a symbol of optimism across the continent. How did he become known as Africa's "optimist-in-chief"?In this edition of Business Daily, Dr Adesina tells Peter MacJob what has shaped him as an economist, his outlook for the continent and how Africa could determine the future of renewable energy and green minerals.He says the international financial architecture should be more inclusive and favourable towards African economies, and the global north should compensate the continent for the adverse impacts of climate change on Africa.(Picture: Dr Akinwunmi Adesina. Credit: Getty Images)Presented and produced by Peter MacJob

Short selling has gone mainstream. Inspired by the noisy success of activist short sellers, amateur investors are now trying this highly risky strategy themselves.They’re aided by a slew of new trading apps making it possible to short a stock or currency in seconds.Peter Roscoe is a YouTube investing vlogger who’s experienced the highs and lows of short selling.We also hear from the UK boss of trading app E-Toro – who says shorting has exploded on the platform.Producer: Ciaran Tracey Presenter: Leanna Byrne

What’s it like to be on the wrong side of a big short? Former CEO Paul Pittman's company was shorted by an anonymous short seller who made false allegations in order to drive its share price down - way down.This is the story of how Paul and his firm overcame the short attack that cost them millions: and why it’s not just big companies that stand to lose money from rogue shorters on the markets.Producer: Ciaran Tracey Presenter: Leanna Byrne

Short selling – the trade where you hope a stock’s value will fall rather than rise. If it does, the trader can win. Big.That’s led to the growth of what’s called the activist short seller. A trader who comes out to tell the world why a company’s stock should be lower than it is. They’re betting on its failure.Carson Block from the firm Muddy Waters is one of the most prominent new short sellers – vocal on the news and social media, he explains why the companies he shorts are usually the ones with something to hide.Producer: Ciaran Tracey Presenter: Leanna Byrne

Andre Schwammlein once wanted to be a pilot – but ended up behind the wheel of a bus and train company instead.The chief executive and co-founder of Flix – the driving force behind Flixbus and Flixtrain - says he was never much of a traveller, but now leads a company that has changed the way millions of people cross countries and continents.In just 10 years, Flixbus has gone from German startup to global brand - even taking a piece of American heritage: Greyhound.In this edition of Business Daily, Theo Leggett finds out how the transport entrepreneur got started, the reasons behind the company’s success, and his plans for growth.(Picture: André Schwämmlein. Credit: Getty Images)Presented and produced by Theo Leggett

The development of new sports stadiums and facilities can bring regeneration to deprived areas. They hold a special place in the hearts of sports and live music fans. But have some of the new ones lost their spark? In this edition of Business Daily, Sam Fenwick asks, what gives a stadium its atmosphere and can it be designed in? Sam speaks to Christopher Lee, whose architecture practice, Populous, has designed 3000 arenas all over the world. He shares his experience of designing iconic grounds like the Yankee Stadium, Wembley Stadium, and Olympic stadiums in Sydney, London and Sochi. And we hear from BBC World Service listeners, who tell us what makes their favourite sports grounds so special. (Picture: Boston Red Sox starting pitcher Brayan Bello (66) throws a pitch against the Kansas City Royals in the third inning at Fenway Park, Boston, Massachusetts. Credit: David Butler II/USA TODAY Sports)Presented and produced by Sam Fenwick

We’re in Kentucky, where an area which had long ago been abandoned as an industrial site is once again coming to life.US manufacturer Ascend Elements has chosen the site to build a factory for electric car batteries made from recycled ones - an industry previously almost entirely based in China.We explore the government incentives that have drawn the company to build here with US Climate Envoy John Kerry.And we hear from the local mining community which is hoping the new green manufacturing facility may provide much needed jobs.Presenter: Faisal Islam Producer: Priya Patel(Image: A worker at the factory building site in Kentucky. Credit: BBC)

For years, balsa wood has been a key component in the giant rotor blades on the top of wind turbines. Most of it comes from the rain forests of South America and, in particular, from Ecuador. As the world transitions to green energy, lots of countries – particularly China – have been looking for more balsa to make blades. That pushed up prices, raised questions over sustainability and prompted some companies to look for alternatives to balsa wood. One alternative is PET, a foam made from recycled plastic bottles.So what should we be using to make the wind turbine blades of the future – biodegradable balsa wood or plastic foam made from old bottles?We talk to people on both sides of the debate and visit a wind farm in rural England to see the blades in action.(Picture: Crook Hill wind farm in Rochdale, north of England.)Presented and produced by Gideon Long

In an effort to insulate domestic prices, India has banned exports of non basmati white rice - its largest rice category.We ask what the impact of this is on large importing countries.A rice mill owner in Northern Nigeria tells us how the country is expanding its domestic rice production as a result of India’s curb, and we hear from a retailer in the UAE about the purchasing restriction it placed on customers as soon as the announcement was made. We look at whether other countries can meet the shortfall of rice in global supply and what this could mean for global food security. Presenter: Devina Gupta Producer: Amber Mehmood

From Bangladesh to Wall Street and back again, the founder and CEO of Impact Investment Exchange talks to Devina Gupta.Durreen Shahnaz explains how her childhood in socialist Bangladesh and then move to a job on Wall Street in the 1980s shaped the person and businesswoman she is today. From trading stamps with her friends and buying pickles with the profit, she moved on to bigger trades at the heart of capitalism. What she learnt there set her up for a life dedicated to trying to make the financial system work for those most in need. Presenter: Devina Gupta Producer: Hannah Bewley(Image: Durreen Shahnaz. Credit: Durreen Shahnaz)

Shares in GameStop, the video game store, experienced a dramatic rise in early in 2021. The stock had captured the imagination of many individual investors who heard about it on social media platforms such as TikTok and Reddit. Some investors made a lot of money, while some hedge funds, who had bet against the stock, lost billions. Eventually, though, GameStop shares crashed back to earth and many investors lost the lot. The story has been dramatised by Hollywood in ‘Dumb Money’, currently screening in cinemas. Vivienne Nunis sits down with the film’s director Craig Gillespie and financial journalist Matt Levine to investigate what the GameStop saga teaches us about the power of social media when it comes to influencing the movements of the stock market.(Picture: Paul Dano as Keith Gill in 'Dumb Money'. Credit: Sony Pictures)Presented and produced by Vivienne Nunis

In May this year, Nigerian president Bola Tinubu took office – and announced an end to fuel subsidies. He said the move would free up money for investment in public services and infrastructure projects, but it caused a spike in prices and, in some cases, triggered street protests. We explore the impact of removing the subsidy on residents and businesses, and the knock on-effect for neighbouring countries like Cameroon. Presenter/producer: Bisi Adebayo(Image: Members of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), Senior Staff Association of Nigerian Universities (SSANU), Academic Staff Union of Universities (ASUU), National Union of Road Transport Workers (NURTW) holds a placard during a march in Abuja on August 2, 2023. Credit: Getty Images)

In 2020, Napa Valley experienced its most destructive wildfire ever. Vineyards burned, leaving not only direct damage, but more long lasting impact with wine affected by smoke taint. We hear how the perennial presence of wildfires means local businesses face a harsh reality of living with the risk of fire. Sophie Long visits wine makers who are using inflammable materials to build new wineries, changing growing techniques and using technology to deal with tainted wine. And she meets local residents learning firefighting techniques - all to keep smoke out of your wine glass and the billion dollar industry thriving.Presenter: Sophie Long Producer: Samantha Granville(Image: Burned grapes hang on a damaged vine at a vineyard as the Glass fire continues to burn in Calistoga, California on October 1, 2020. Credit: Getty Images)

The event is facing its biggest financing challenge in its 93-year history.There is no host city for the next edition in 2026, and the Commonwealth Games Federation is struggling to persuade other cities to host after that. We speak to academics who say the model of structuring and paying for the Games is broken. Some observers go further – saying the Games and the Commonwealth itself are relics of the British Empire and should be wound up.We also hear from athletes who have competed at the Games and highlight their importance for their respective sports and countries.And we look at one city that has hosted with relative success – within budget and with long-lasting benefits to civic infrastructure.Producer/Presenter: Gideon Long(Image: The closing ceremony of the 2022 Commonwealth Games in Birmingham. Credit: Getty Images)

We speak to Greek designer Dimitra Petsa - founder of Di Petsa - a brand which has been worn by celebrities around the world.She graduated from fashion school five years ago and since then has launched her own fashion brand.Very few make it in the fashion world - Dimitra explains how she did it from mentors and getting exposure to creating business plans and coming up with business strategies. Producer/presenter: Hannah Mullane (Picture: Models wearing Di Petsa clothing. Credit Di Petsa)