World Business Report

We're assessing where a busy day of diplomacy at the UN General Assembly has left the global oil market. Face-to-face talks have begun between the US and Iran. But President Trump also concedes that a peace deal is unlikely before November. Can the stretched global oil supply survive that long?
Also in the show, why are Xboxes on the wane, and why do women screenwriters write better movies?
(Picture: 81st United Nations General Assembly at UN headquarters in New York City. Credit:Reuters)

The prices companies are paying for shipping the fuel have risen 12 fold in the last few months.
In that time Brent Crude oil has fallen below 100 dollars a barrel, relieving some pressure that the rising prices have put on inflation around the world.
But there are concerns that the shortage in tankers could reverse those falls.
Also, Volkswagen's top executive in China says the country's domestic car market is going to decline by 20 per cent this year, and the impact will be the same as the COVID pandemic.

Paramount Skydance has settled a lawsuit with dozens of US states, removing a major hurdle to its $110bn (£82.8bn) merger with Warner Bros Discovery. We hear from the Hollywood film editor.
Also in the show, we are looking ahead to talks between Presidents Trump and Xi Jinping this week and we hear of more passenger chaos, this time in US airports.
(Picture: Paramount water tower at Paramount Studios in Hollywood. Credit: Reuters)

Shares in Novo, the company behind Ozempic and Wegovy have fallen more than five per cent as the Danish pharmaceutical company sets out its future growth strategy.
China and the US talk AI ahead of talks between the countries' leaders this week.
And thousands protest in Barcelona against overtourism and plans to expand the city's airport.
Presenter: Luke Wilson
Producer: Barbara George

The situation is a result of reduced deliveries of crude oil via Saudi Arabia's East/West pipeline which was attacked by Houthi rebels from Yemen.
Warren Buffett's son Howard replaces him as Chair of Berkshire Hathaway.
And we why US College football is coming to Wembley Stadium in London.