Going critical?

Wake Up To Money

BBC

Business

4.1 • 775 Ratings

🗓️ 27 October 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Bain with the details of a 'framework' for a likely compromise on trade talks between the US and China this week. Proposals include a deferral of China's strict export controls of rare earths, minerals critical to US tech and industrial production. In return, the US proposes an end to promised retaliatory tariffs. We hear from an international trade expert on the robustness of the framework. And, a consultation has ended on Government plans to fine firms that repeatedly pay their suppliers late. Big companies have warned of investment risks if the plans go ahead. We speak to a small business leader involved in the discussions. And in football, embattled Sheffield Wednesday have finally entered administration. With a 12-point deduction from the EFL to contend with, what chances are there a likely buyer can be found?.

Transcript

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0:00.0	BBC Sounds, Music, Radio, Podcasts.
0:05.0	They call themselves Evil Corps, a cybercrime gang accused of stealing hundreds of millions of dollars.
0:13.0	And at the center of it all, one of the FBI's most wanted.
0:17.0	They ran their operations out of the back of an Italian restaurant in Moscow.
0:22.0	How does a man hunted by the world's top law enforcers still manage to grow an empire?
0:26.6	These guys were going to town on small businesses across America.
0:30.9	They anger, the frustration, the fear.
0:33.5	Cyberhack, evil core. Listen first on BBC Sounds.
0:38.5	Wake Up to Money from BBC 5 Live.
0:41.8	Hello, morning. Welcome to Wake Up to Money. A big week in global trade ahead as President Xi and Trump get set to meet in South Korea. Could a trade truce be extended?
0:50.9	We covered a wide range of issues and I think we've reached a substantial framework
0:56.0	for the two leaders who will meet in Korea next Thursday. We'll have the very latest on those
1:00.8	preliminary talks through the weekend and hear why we're far from out of the woods when it comes
1:05.1	to global tariffs as the US adds additional levies on Canada. Also on the program today,
1:10.3	is there an end in sight to the
1:11.8	curse of late payments? We'll be discussing the merits of a plan to end a practice estimated to shut
1:17.2	thousands of businesses a year. And as Sheppield Wednesday fall into administration, we'll hear
1:22.3	from one of the firms running that process about the future of the club.
1:26.6	Wake up to Money with Will Bade.
1:49.1	Yeah, morning. Welcome to Wake Up to Money on Monday, the 27th of October. Just gone 5 o'clock in the morning. We're with you this morning. Thanks for kicking off your week, bright and early with us. And as you've heard from the headlines there, there's loads for us to get to. been lots of talks ahead of that Trump and G trade meeting later on in the week, right through the weekend, the future of Tick-Tox US operations up for discussion in that. What goes on with those key rare earth, so important for
1:54.3	things like electric vehicles that China has been threatening to add extra controls on what the US
1:59.8	might do tariffs on Chinese goods as well.
	...

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