World Business Report

Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignites fears for global energy supplies.

Rising oil prices are impacting many industries including the travel sector. We speak to founder of Omio - one of the world's leading travel tech platforms.

And the World Bank estimates Venezuela's earthquakes caused $19.6bn in damage. Where will they get the money to rebuild?
(Picture: Wall tiles detached by the earthquake - stock photo. Credit: Getty Images)

The price of oil has gone back above $100 a barrel which could mean higher prices at the pump. It's after attacks on at least one tanker in the Red Sea by Iranian-backed Houthis
Plus a shortage of eggs in Myanmar has led to prices soaring
and the footballers rewarded for winning the world cup in Tomatoes
Presenter: Gideon Long
Senior Producer: Naomi Rainey
Editor: Justin Bones

Why OpenAI technology 'went rogue'? According to IT giant, some of its most advanced AI models went rogue and hacked a start-up after it lost control of them during a security test.

Russia is feeling the economic impact of its war with Ukraine after drone attacks destroyed warehouses belonging to the country's biggest online retailer. We hear from the business owner who lost all her money.

And we look at why Japan is urging men to wear shorts to work.
(Picture: OpenAI says AI agent exploits vulnerabilities in security test, Berlin, Germany - 22 Jul 2026. Credit: EPA/Shutterstock)

New 25% US tariffs on selected Brazilian imports are raising trade tensions. What impact could they have on Brazil's economy?
Also in the programme Malaysia's ambition to become Southeast Asia's next data centre powerhouse.
And why a campaign encouraging Japanese office workers to wear shorts is causing controversy.
Presenter: Gideon Long Producer:
Barbara George
Editor: Naomi Rainey.

The US administration is hitting its neighbour Canada with a 50% tariff on imports. Products include wine, cement and even hockey sticks. We speak to Canadian businesses about how they are preparing for the latest round of tariffs.
Also, President Trump has promised to help Lebanon "a lot" during a landmark meeting with his Lebanese counterpart in Washington. We hear from a food importer about what it is like doing business in the country.
Elsewhere, we check in with a football fan from Curaçao to find out how much a trip to the World Cup cost him.
And weight-loss drugs are a multi-billion-dollar industry. We explore why its two biggest players are heading to court.
(Photo: Canada's Prime Minister Mark Carney speaks after touring General Dynamics, a defence manufacturing facility, on the day he announced new measures to strengthen Canada's defence capabilities in London, Ontario, Canada, 16 July, 2026. He wears a navy blazer and a white shirt, with a light blue, patterned silk tie. Credit: Carlos Osorio/Reuters)