World Business Report

The Shangri-la forum is Asia's largest annual defence conference. Politicians, military and industry figures are all in attendance.
AI giant Anthropic is valued at more than its rival Open AI.
And Jeff Bezos' Blue Origin rocket self-combusts spectacularly on the launch pad in Florida.

Outdoor apparel company, Patagonia, has sued a drag queen named Pattie Gonia for allegedly causing "irreparable" damage to its brand.
Mangoes have become a hot commodity following a steep increase in shipping prices due to the ongoing war in Iran. This follows reports of 90% losses to India's 'king of mangoes' crop after unusual weather.
The European Union has imposed a €200m fine on Chinese-owned online retailer Temu for having illegal products such as dangerous baby toys and faulty chargers for sale on its platform.
(Picture: Evan Benally Atwood/ Pattie Gonia)

The Russian rouble has surged to its strongest level in more than three years on the back of widening trade imbalances and high interest rates.
Cofffee prices have jumped around the world in recent years. What's the cause?
And a Google engineer has been charged with breaking insider trading law to make bets on a prediction market betting site.

DJ J Worra says she's been fooled by AI but believes the human touch will always supercede it. It comes after Spotify launch a new tool allowing fans to create covers and remixes of their favorite songs from participating artists and songwriters.
Oil prices have fallen more than 5% after Rubio says that US will give Iran talks 'every chance to succeed', with Iran reporting details of draft peace proposal.
Fifa has been ordered to explain World Cup ticket pricing after allegations of 'artificially inflating prices' and 'misleading fans' over the sale of tickets for the 2026 tournament.
(Picture: U.S. President Donald Trump and Secretary of State Marco Rubio attend a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. REUTERS/Evan Vucci)

Workers at Samsung Electronics in South Korea have voted for a massive pay deal. It will mean some workers – particularly those in the AI chip department – receiving a bonus of more than $400,000. Also in the programme, why it's going to be a very expensive Eid al-Adha this year for Muslims due to global inflation.

Presenter: Leanna Byrne
Producer: Barbara George