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Business Daily

Business Weekly

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 19 February 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

In Business Weekly, we look at the implications of the European Court of Justice clearing the way for the European Union to cut billions of euros in funding to Poland and Hungary. Judges dismissed a challenge by the two nations, with the court ruling that the EU can suspend funding to member states that violate the bloc’s democratic values. Sophie Pornschlegel at the Brussels-based European Policy Centre explains how the cut in funding will hit both countries’ economies. Also, we hear why India has banned more than fifty Chinese mobile apps, claiming they pose a threat to national security. Amit Bhandari, a senior fellow for energy investment and connectivity at Gateway House, tells us about the power dynamics between the Asian giants. After years of delays, the green light for what will be the largest heated oil pipeline in the world has been given. Running from Uganda to the cost of Tanzania, the pipeline is being heralded as an economic boon for both countries, but has been fiercely opposed by activists who question its environmental impact. The BBC’s Joshua Thorpe takes a closer look at whether the region will truly benefit. Plus, a new study has revealed that a quarter of the world's rivers contain potentially toxic levels of pharmaceutical drugs. We hear more on the findings with Dr John Wilkinson from the University of York who co-led the project. And did you know that one in seven of us – that’s one billion people - lives with a disability? However, they can be twice as likely to be unemployed than non-disabled people. The BBC’s Tamasin Ford has been speaking to those fighting to end the exclusion of people with disabilities in the workplace. Business Weekly is presented by Ijeoma Ndukwe and produced by Matthew Davies.

Transcript

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0:00.0

Hello and welcome to Business Weekly with me, Ijoma Unducke.

0:08.8

As always, we'll take you around the world.

0:11.9

We'll look at why India keeps blocking Chinese mobile apps

0:15.2

and what this tells us about the relationship between the Asian giants.

0:19.9

Plus, we'll hear about a study revealing

0:22.2

that pharmaceutical drugs are causing dangerous pollution in many of the world's rivers. But first,

0:28.6

let's turn our attention to the row between the European Union on one side and Poland and Hungary on the

0:36.2

other. Europe's highest court has ruled that the EU can

0:40.0

suspend funding to member states that violate the bloc's democratic values. This could see the two

0:46.7

nations losing billions of dollars of support, funds that would help to rebuild their economies

0:52.9

after the ravages of the COVID-19 pandemic.

0:57.0

Judges at the European Court of Justice dismissed a challenge by Poland and Hungary.

1:03.3

Here's a spokeswoman for the European Commission President Erzler von der Leyen on the ruling.

1:08.2

The president welcomed the judgments and said very clearly that the court upholds the legality

1:16.0

of this important tool that enables us to protect better the EU budget and the financial

1:22.9

interests of the European Union against breaches of the principles of the rule of law.

1:30.4

We are setting a timeline ahead, which is that in the following weeks,

1:35.3

we will adopt the guidelines to provide further clarity as to the way that we will implement this mechanism in practice.

1:45.0

The two countries affected are led by right-wing nationalist governments,

1:50.1

and both have challenged the EU stance on judicial independence, immigration and LGBTQ plus rights.

1:59.2

Here's Poland's Prime Minister, Mateoz Moraviyetsky, who says it's an attack on its sovereignty.

2:06.2

Centralization of the EU's structures is a dangerous process. Centralization of the EU structures is a dangerous process.

...

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