Business Weekly
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 17 July 2021
⏱️ 50 minutes
🧾️ Download transcript
Summary
Global economies are starting to see the return of inflation after a long period of low prices and low interest rates. Central bankers seem pretty calm so far, but some economists are getting jittery. We’ll find out why prices are rising and what can be done to steady the global economic ship. As the EU announces dramatic plans to curb climate change we ask what more financial institutions can do to play their part. We’ll hear how the fight against HIV/AIDS has progressed in the 40 years since it was first described in a medical journal. With the Olympics just around the corner could shoes worn by some athletes be giving them an unfair advantage? We’ll be looking at so-called ‘mechanical doping’. Plus, reporting from the garden of England, our reporter looks at the company developing new varieties of strawberries. Business Weekly is produced by Clare Williamson and presented by Lucy Burton. (Image: A gas station attendant fills a car in Peshawar, Pakistan, Image Credit: European Pressphoto Agency)
Transcript
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| 0:00.0 | Hello and welcome to Business Weekly with Lucy Burton. |
| 0:09.2 | We want to give humanity a fighting chance, said the EU this week, |
| 0:13.4 | as it unveiled a whole raft of proposals to fight climate change. |
| 0:17.5 | The bloc wants to get to carbon neutral by 2050, |
| 0:23.4 | but the proposed legislation won't get passed without a fight. We'll hear what the plans are and find out whether the world of finance is |
| 0:29.1 | doing enough to help. And as the British government votes to reduce the amount of money it spends |
| 0:35.0 | on foreign aid, there's huge concern from charities that |
| 0:38.8 | marginalized communities will lose access to HIV testing and treatment. We'll hear how |
| 0:44.9 | the fight against HIV AIDS has progressed in the 40 years since it was first described |
| 0:50.1 | in a medical journal. But first, let's talk about inflation. It's been a long time since |
| 0:57.8 | economists and business programmes worried too much about inflation, in most developed nations at least. |
| 1:04.1 | Rapidly rising prices and labour shortages seemed confined to the past, and interest rates have been |
| 1:10.2 | at historic lows. But just as 70s |
| 1:13.9 | flared trousers and peasant dresses have become ubiquitous again, so too has inflation. |
| 1:19.8 | This week, the US consumer price index jumped by 5.4% in June, that's compared with the previous |
| 1:26.0 | year. It's the biggest leap since 2008. In the UK, last |
| 1:30.6 | month, inflation hit 2.5%, the highest for almost three years. These British shoppers have been telling |
| 1:37.3 | us how their spending has been hit. Petrol, everything has gone up. Every single thing, even the clothes we used to buy for 50p, |
| 1:46.2 | we are now paying a lot more for it, |
| 1:48.8 | you know, that are used items that we buy from the market. |
| 1:52.6 | They have gone up, but what can you do? |
| 1:55.0 | Once you need it, you have to buy it. |
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