The world’s biggest clothing retailer, Inditex, has a new boss, the 37-year old daughter of the company’s founder. Will Marta Ortega manage brands like Zara, Pull & Bear and Massimo Dutti in the same way her father did or will she take a different path? And do consumers still want fast fashion? Plus, we hear why mining the metals and minerals used in green technologies can contribute to the world’s climate change problems and what is needed to ensure that they are mined in a way that doesn’t infringe on human rights or damage local communities. Also, one of the founders of Transparency International tells us the money stolen by corrupt leaders is being ploughed into western assets like property – with the help of an army of financial and legal professionals. Meanwhile, Covid has forced many workers to re-assess and re-evaluate their lives and as a result, they are quitting their jobs in record numbers. It's being called the Great Resignation. And the increasing appeal of the ukulele; how the small guitar-like instrument is making a big noise among the young. Business Weekly is presented by Matthew Davies and produced by Clare Williamson. (Image: Zara shopper with brown bag; Credit: Getty Images)
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Folge vom 04.12.2021Business Weekly: 04/12/2021
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Folge vom 03.12.2021The Omicron variant and vaccine inequalityCould a more equitable global vaccine rollout have stopped the new variant? As the world waits for more information about just how contagious and dangerous the new Covid-19 variant is, we ask if the emergence of a variant like Omicron could have been avoided – or at least slowed - if people all around the world had been vaccinated at the same pace. Instead, richer countries race to give booster vaccines to their own populations as many poorer countries are still waiting to receive their first jabs. Tamasin Ford hears from Dr. Richard Mihigo, who coordinates the WHO’s immunisation and vaccine development progamme in Africa. He says it’s not just about shipping jabs to countries; the international community could also step up to help with planning and logistics for the distribution of vaccines. Dr. Atiya Mosam, a public health specialist in South Africa, was disappointed in the way the world reacted when news the new variant came out of her country. She argues that the travel bans that many countries quickly imposed are both discriminatory and ineffective. She also worries that many South African scientists feel they have been punished for being open and honest with the world about their discovery. Dr Meru Sheel, an epidemiologist at the Australian National University, says the issue of vaccine inequality should have been fixed many months ago. She says the vaccines should evenly distributed because it makes the most sense from a public health perspective, and also because it’s the ethical thing to do. (Image: Passengers at Cape Town airport in South Africa on 29 November 2021. Source: David Silverman/Getty Images)
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Folge vom 02.12.2021The collapse of Enron: Did we learn the lessons?The collapse of the US energy giant Enron remains one of the most dramatic scandals in modern capitalism, but 20 years on did we learn any of the lessons from the fall of a corporate giant? The BBC's Lesley Curwen covered the story every step of the way back in the 2000's right up to the company's collapse, and the jailing of some of its most senior executives. She takes Ed Butler back through Enron's tale of deceit, intimidation and collapse with archive and fresh interviews with some of the scandal's key figures. And Ed hears from Dr Howard Schilit, of Schilit Forensics accountancy firm, a witness at Enron's Senate hearing and a man with a serious warning for the corporate world, two decades on from the Enron scandal. Picture Credit: Getty Images
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Folge vom 01.12.2021Wind of change in GermanyCan the ambitious renewable energy plans of the incoming government overcome domestic nimbyism and Russian gas politics?Ed Butler hears from one member of the new left-liberal-green coalition, Social Democrat MP Jens Zimmermann, about their plans to phase out coal entirely by 2030, and replace 80% of electricity generation with wind and solar. But building new wind turbines already faces substantial red tape and vociferous opposition from bird conservation groups, as industry man Steffen Lackmann explains.Meanwhile, how will the government tackle a more pressing matter - Russian President Vladimir Putin's alleged restriction of gas supplies to Europe this winter in order to force German approval for the new Nord Stream 2 pipeline. Ed speaks to Gustav Gressel, geopolitical analyst at the ECFR think tank, and to Melissa Eddy at the New York Times' Berlin bureau. Plus Yuri Vitrenko, head of Ukraine's gas pipeline company Naftogaz, explains why he fears approval of the pipeline could mean war in his country.(Picture: Leaders of the incoming German government, including Chancellor-elect Olaf Scholz (centre), inadvertently re-enact the opening scene from Reservoir Dogs; Credit: Odd Andersen/AFP via Getty Images)