World Business Report

As Turkey's annual rate of inflation hits 58.94% in August, we analyse the reasons why. We hear from a local business owner in Ankara about his struggles with rising energy and food costs. We also take a closer look at two other countries struggling to control inflation: Pakistan and Argentina. Residents in Spain's capital city, Madrid, are dealing with the aftermath of flash flooding over the weekend. Transport links have been affected and many businesses have been forced to close...

Mohamed Al Fayed, former Harrods owner whose son Dodi was killed alongside Diana, Princess of Wales in car crash, has died aged 94. Born in Egypt, he built a business empire in the Middle East before moving to the UK in the 1970s.

Vivienne Nunis hears about a new report which says that if nothing is done to redress Africa’s huge debt burden, the consequences will be felt far outside the continent. New rules come into force today (Friday) in the Netherlands, which could further limit the export of high-end semiconductor technology to China. From today, rented E-scooters will no longer be seen on the streets of Paris - after residents voted overwhelmingly in favour of getting rid of them.

Florida’s Tropical Storm Idalia is the most expensive natural disaster to hit the United States this year. Insurance companies in Florida are now under pressure; nine property insurance firms have closed down since 2021. We hear from a business in Cedar Key which was badly damaged by the storm.

Army officers who seized power name a transitional leader for this nation rich in oil and manganese, a key mineral in the steel industry. We take a look at Gabon's economy, the role it could have played in the political crisis which unravelled this week, and the challenges it will face under new leadership. Figures from China's manufacturing sector show that activity has dropped for the fifth month in a row. We look into the latest gloomy data on the state of the world's second largest economy...

Switzerland has outlined a series of measures to combat money laundering and increase transparency in its huge financial sector. They include a register of those who ultimately benefit from trusts and companies - Switzerland is the only European country that doesn't have one. One of China's biggest property development firms, Country Garden, has reported half year losses of six-point-seven billion dollars...

Electricity prices in the country have soared since the government cut energy subsidies to obtain a $3bn bailout from the International Monetary Fund leading to protests. We hear how this is impacting individuals and businesses. Also in the programme, we get the latest from Gabon, where the military has seized power and placed President Ali Bongo, 64, under house arrest. We take a look at the economic background in which the coup has taken place...

US commerce secretary, Gina Raimondo, is calling on Beijing to reduce the risk of doing business in China for American companies.

Gina Raimondo is the latest of four US top officials to visit China in the last two months. We look into what might come out from her four-day visit to the Asian superpower. London has expanded its Ultra Low Emission Zone to make it the world's biggest anti pollution charging zone. We hear how much drivers will have to pay to drive within the city, and the impact it can have on workers and businesses. And India, the world's largest rice exporter, has issued new curbs on exports of this cereal...

Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms. Also, a technical issue at UK air traffic control has led to long flight delays and even though layoffs are down, employers are still finding ways to cut jobs