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On this edition of Business Weekly, we’re looking at BP’s latest results. The energy giant made a profit of $12.8bn last year - thanks mainly to surging oil and gas prices. This comes after a loss in 2020. We hear why some are calling for a ‘windfall tax’ - a one-off charge that would then be channelled to help struggling consumers battling price rises. We hear the response from BP, and comments from Connor Schwartz at Friends of the Earth and Tom Wilson from the Financial Times. Staying with rising bills, the BBC’s Tamasin Ford investigates the cost of living in different parts of the world. She hears how it is calculated and how increases in everyday essentials impact people in different ways. Also on the programme, we enter the world of fashion, and hear how some apps are trying to increase the sustainability of the industry by encouraging us to buy or rent second-hand. We get a tour of the technology from the BBC’s Justin Rowlatt and his daughter, Zola. Turkey is a country with soaring inflation. The currency has lost some 50% of its value in a year. Although this means day-to-day life in the country is hard, it does make it an attractive destination for tourists, who will find their money goes further. The BBC’s Victoria Craig talks to visitors in Istanbul about how they’re getting more value for money, and visits traders in the Grand Bazaar. Finally, Sasha Twining meets ‘Buddy’, a robot pet dog designed for those living with dementia. She speaks to the Chief Executive of Ageless Innovation, Ted Fischer, and hears how the interactive dogs and cats can respond to their human owners and could help those who feel lonely or isolated. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.

Argentina’s government and the International Monetary Fund have been renegotiating the terms of a 2018 loan issued to the country – the largest in IMF history. The Fund’s own internal analysis of that deal was scathing. The 2018 package had been vaunted for its commitment to protecting the most vulnerable in society. Yet people in Argentina, and particularly those on the lowest incomes, are currently enduring a cost of living crisis, with inflation running at above 50% in 2021, and wages struggling to keep pace with increased housing, food and energy costs. Amy Booth is a journalist in Argentina, and says many people have lost hope in the midst of the country’s seemingly interminable economic crisis. Daniel Munevar, who works on debt justice at the European Network on Debt and Development, says the IMF broke its own rules in order to issue the 2018 loan. Carolina Millán is Bloomberg’s bureau chief in Buenos Aires, and tells us that the Fund’s decades-long association with austerity and misery in Argentina loom large over any potential new deal between the two parties. Former IMF executive director and Argentine diplomat Héctor Torres says he’s sceptical that a prospective 22nd loan from the lender to the country will end differently to previous failures. Argentina isn’t the only country struggling with debt, either. Former IMF chief economist Ken Rogoff says that more than half of the world’s poorest nations are currently in debt distress or default.Presented by Ed Butler, produced by Tom Kavanagh. (Photo: Left-wing protesters in Buenos Aires carry a banner reading, “break with the IMF, don’t pay the debt”; Credit: Getty Images)

The use of robots in North American workplaces has increased by 40% since the start of the pandemic and the small to medium sized businesses, which never automated before, are getting in on the act. The robotics industry has responded to the global increased demand by creating more and more customisable robots, which can be leased or hired. Ivana Davidovic explores what effect this has had - and could have in the future - on the labour markets, innovation, but also on social inequality. Ivana hears from a small restaurant owner from California who wouldn't be without her server robot Rosie any more, after months of being unable to fill vacancies. Joe Campbell from the Danish company Universal Robots and Tim Warrington from the British company Bots explain how they are taking advantage of the post-pandemic "great resignation" and which industries are next in line for a robotics boom. Karen Eggleston from Stanford University explains her research into the consequences of the use of robots in over 800 nursing homes in Japan and Daron Acemoglu from MIT discusses whether robots in workplaces will liberate their human colleagues or simply entrench inequality.Presented and produced by Ivana Davidovic(Photo: Robot waitress serving dessert and coffee on a tray in a cafe. Credit: Getty Images)