World Business Report

Chinese President Xi Jinping has wrapped up a two-day visit to North Korea featuring military honours, public displays of friendship and talks with Kim Jong Un. While few concrete agreements emerged, the trip sends a clear signal that Beijing wants to strengthen its relationship with its isolated neighbour.
Plus, Indonesia's central bank has unexpectedly raised interest rates in an effort to stabilise the rupiah after its sharpest decline in years.
And the race to public markets is accelerating. Just days before SpaceX is expected to begin trading, OpenAI, the company behind ChatGPT, has confidentially filed for an initial public offering. We look at what could be one of the most significant listings in the technology sector for years.
Presenter: Leanna Byrne
Producer: David Cann

A federal judge has overturned the $100,000 H 1B visa application fee ordered by President Donald Trump saying it's an unlawful tax.
IATA, the airline industry's main body says it likely to miss its key emission target.
And China's Xi Jinping is in North Korea. What's he after?

Global stock markets have fallen sharply after a sell-off in technology shares combined with growing uncertainty over tensions in the Middle East.
South Korea's Kospi index briefly suspended trading after plunging at the open, while Japan's Nikkei also suffered heavy losses.
Plus, Chinese President Xi Jinping is in North Korea for talks with Kim Jong Un. We look at what the visit could mean for trade and economic ties between the two neighbours.
Oil prices initially surged before easing back. We ask what that tells us about how investors are assessing the risk of a wider regional conflict.
And Prada has entered the space race. The Italian fashion house has helped develop part of a new spacesuit for future NASA missions.
Presenter: Leanna Byrne
Producer: David Cann

US hospitality industry leads on new jobs growth, but is AI still impacting hiring for white-collar roles?
Moscow says the Russian economy is proving resilient in the face of international sanctions - we hear how the economy hits the local business from the Russian business owner in St Petersburg.
And the legacy of the co-founder of Netflix, Reed Hastings, who departs the streaming giant today after almost thirty years.

US jobs growth was way better than expected last month. The world’s biggest economy added twice as many jobs as economists had forecast: 172,000 versus predictions of around 88,000. Many of the new jobs were in the hospitality sector as pubs, bars and restaurants ramped up hiring ahead of the World Cup. The figures cover the lead up to the tournament, being jointly hosted by the US, Mexico and Canada.
Plus, nearly a year after the Air India crash in Ahmedabad, the families of victims in India say they’re being paid significantly less in compensation than their counterparts in the UK.
We hear from one of Vladimir Putin’s top advisers on the state of the Russian economy, and from a co-founder of the AI giant Anthropic, who says artificial intelligence needs to be reined in.
Presenter: Leanna Byrne
Producer: Gideon Long