Summary
Big brands are turning away from Facebook over its so-called toxic content - so how will the social network cope? That’s the big question we’ll be asking on Business Weekly. We’ll also be investigating the changing face of make-up as Kim Kardashian West sells a stake in her cosmetics business to the beauty giant Coty. We’ll hear why traditional make-up brands are struggling to keep up with companies born in the age of social media and influencers. Our correspondent in France heads to the sparkling shores of Brittany to see whether businesses there are ready for summer tourists - and we have an interview with the film director, Gurinder Chadha. Presented by Lucy Burton.
Transcript
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| 0:00.0 | Hi, if a week is a long time in politics, a day is a long time in business at the moment, |
| 0:06.1 | and it can be exhausting trying to keep up with all the latest developments. |
| 0:10.1 | That's why we've interrupted your Business Daily pod feed to bring you Business Weekly, |
| 0:14.4 | a new weekend programme which brings you an hour of the most interesting, inspiring and thought-provoking stories you might have missed |
| 0:21.7 | from the BBC's business team. |
| 0:27.7 | Hello and welcome to Business Weekly with Lucy Burton. This week, the World Health |
| 0:33.2 | Organisation warned that the coronavirus is accelerating and infections in the US hit new highs. |
| 0:40.2 | There are now more than 10 million cases globally and more than half a million people have died of |
| 0:45.2 | the disease. However, the first peak does seem to have passed in most of Europe and as air travel |
| 0:50.9 | resumes, we'll hear from business owners in northern France who are preparing to open their doors once more to tourists. |
| 0:57.1 | This week also saw arrests in Hong Kong as China implemented its new security laws in the territory, |
| 1:03.5 | and we'll hear more from businesses there later in the show. |
| 1:06.8 | But we're going to start off today by talking about Facebook. |
| 1:10.3 | The social network juggernaut |
| 1:11.6 | has come under considerable fire over the past few weeks for not adequately addressing hate speech |
| 1:17.1 | on its platform. It's founder Mark Zuckerberg says it's not his job to be the arbiter of truth. |
| 1:23.6 | The company also says that good it does outweighs the harm. But critics want to know why white |
| 1:29.9 | supremacist groups can organise on the platform, why the claims of people who campaign against |
| 1:35.5 | life-saving vaccinations can be promoted without caution, and why the platform was able to be used to |
| 1:42.4 | incite what many have termed genocide against Rohingya Muslims in Myanmar. |
| 1:47.5 | Now aligned with the Stop Hate for Profit campaign, |
| 1:50.4 | some of the biggest brands on the planet, Unilever, Mars, Lego and over 400 others are pulling their ads from the site. |
... |
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