As Fed governor Lisa Cook fights to block President Trump from firing her, a first legal hearing on the matter ends without a ruling. But with ongoing tensions and concerns over political meddling, who would want the next Fed chair job when the role becomes vacant next year? We speak to a former regional Fed president who says he’s up for the job.Canada’s economy shrinks much more than expected amid trade disputes with the US. An economist from the Canadian Chamber of Commerce weighs in on whether it might improve any time soon.And as a Chinese property giant’s shares are removed from a major stock market, is the golden era for Chinese real estate well and truly over?
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The legal battle between Fed Governor and US President
Federal Reserve governor Lisa Cook has sued President Donald Trump over his attempt to fire her, setting up a potential legal battle in court. The governor has asked the court to declare Trump's firing order "unlawful and void", and also named Fed Chairman Jerome Powell as defendant.How to keep things like food and medicines cold in the heat? We hear from Ghana-based start-up revolutionising cold chain logistics across West Africa.Also, some foreign investors are now rethinking their India plans after the US President imposed new tariffs. We hear from one of them.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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The USA sticks to plans on charges for some small parcels
As the US Customs and Border Protection agency gets ready to end a tariff exemption on all global parcel imports valued under US$800, known as de minimis, the White House claims it will help curb the movement of drugs. We hear from Kate Muth of the International Mailers Advisory Group on whether Donald Trump's administration has compromised on the plans, and if ending the loophole will provide US$10bn of revenue as claimed. Elsewhere, Federal Reserve governor Lisa Cook has filed a legal case against the US president over his efforts to fire her, while police raids have taken place across Brazil as authorities try to close down a US$10bn money laundering operation. Roger Hearing speaks to the man at the centre of a multi-billion dollar investment from South Korea into US shipbuilding. And how old is too old when it comes to being a commercial pilot? Former flyer Kit Darby shares his thoughts. The latest business and finance news from around the world, on the BBC.
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President Trump wants the US government to take a share when American companies succeed
How the US Republicans moved from the free market and a small state to big interventions in the American economy?Why Chinese EV makers have got ahead of Tesla?And if you're running a business in Russia, why you can't advertise on social media from next week?You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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India labels Trump's tariffs 'unfair and unjust'
With Washington's time window for a USA-India trade deal closed, Indian exporters are now dealing with 50% tariffs on many goods sold to the States. US president Donald Trump says it's to punish New Delhi for buying Russian oil, but India prime minister Modi has criticised the levies as "unfair, unjustified and unreasonable." Roger Hearing speaks to USA-India trade specialist Gunjan Bagla about what this could mean for both countries. Elsewhere Donald Trump has threatened the billionaire financier, George Soros, with an indictment for racketeering. We hear how professional golfers are surviving in Africa, while London's transport chiefs are trying to end commuters growing aggravation of having to listen to other people's music and entertainment on trains and buses. The latest business and finance news from around the world, on the BBC.
New Zealand