Business Weekly
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 12 February 2022
⏱️ 51 minutes
🧾️ Download transcript
Summary
On this edition of Business Weekly, we’re looking at BP’s latest results. The energy giant made a profit of $12.8bn last year - thanks mainly to surging oil and gas prices. This comes after a loss in 2020. We hear why some are calling for a ‘windfall tax’ - a one-off charge that would then be channelled to help struggling consumers battling price rises. We hear the response from BP, and comments from Connor Schwartz at Friends of the Earth and Tom Wilson from the Financial Times. Staying with rising bills, the BBC’s Tamasin Ford investigates the cost of living in different parts of the world. She hears how it is calculated and how increases in everyday essentials impact people in different ways. Also on the programme, we enter the world of fashion, and hear how some apps are trying to increase the sustainability of the industry by encouraging us to buy or rent second-hand. We get a tour of the technology from the BBC’s Justin Rowlatt and his daughter, Zola. Turkey is a country with soaring inflation. The currency has lost some 50% of its value in a year. Although this means day-to-day life in the country is hard, it does make it an attractive destination for tourists, who will find their money goes further. The BBC’s Victoria Craig talks to visitors in Istanbul about how they’re getting more value for money, and visits traders in the Grand Bazaar. Finally, Sasha Twining meets ‘Buddy’, a robot pet dog designed for those living with dementia. She speaks to the Chief Executive of Ageless Innovation, Ted Fischer, and hears how the interactive dogs and cats can respond to their human owners and could help those who feel lonely or isolated. Business Weekly is presented by Sasha Twining and produced by Matthew Davies.
Transcript
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| 0:00.0 | Today I want to talk about a topic that I think deserves more coverage. |
| 0:04.1 | The comb is back. |
| 0:05.7 | That sounded familiar. |
| 0:07.6 | The show that unpicks the stories that matter to you from all over Africa. |
| 0:12.5 | We are most affected by it. |
| 0:14.7 | We are the people that are growing up watching all these changes. |
| 0:18.3 | The comb from the BBC World Service. |
| 0:20.5 | Hey, they're talking to me. |
| 0:22.8 | Search for the comb wherever you get your podcasts. |
| 0:30.4 | Hello and welcome to Business Weekly with me, Sasha Twining. |
| 0:34.1 | As always, we've got a real mix of stories for you. |
| 0:36.3 | On this edition, we visit |
| 0:37.8 | Turkey to find out of a tourist boom could help support the struggling economy. Plus, a new way |
| 0:43.8 | of choosing what to wear that may help the fashion industry become more sustainable. The BBC's |
| 0:50.1 | Justin Rowlat and his teenage daughter explore the apps trying to make a difference. |
| 0:56.0 | But we're going to start the programme with a number, $12.8 billion. |
| 1:01.8 | That's the profit, energy giant BP, posted earlier in the week. It was the firm's highest |
| 1:07.5 | profit for eight years, driven by surging prices of oil and gas, and actually comes |
| 1:13.1 | off the back of a loss of $5.7 billion in the previous year when oil prices were so much |
| 1:18.9 | lower. Here's the chief executive of BP, Bernard Looney, speaking on the day the figures were announced. |
| 1:24.4 | As we transform, we must perform. Our shareholders expect and deserve |
| 1:30.6 | nothing less. And I hope our results show that we are doing just that. B.P.'s Bernard Looney there, |
... |
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