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
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Folge vom 25.10.2023Business Daily meets: Akinwumi Adesina
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Folge vom 23.10.2023Short Stories: The amateur traderShort 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
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Folge vom 23.10.2023Short Stories: The CEOWhat’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
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Folge vom 22.10.2023Short Stories: The activist short sellerShort 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