Voters are going to the polls in Australia to choose their next government following a hard-fought campaign during which living costs, climate concerns and the impact of Donald Trump's trade tariffs have featured strongly.
Shares of Rockstar's parent company, Take-Two Interactive, tumbled by as much as 8% on Friday morning after it announced that it has delayed the launch by a year – to May 26, 2026. With the company being valued at around 40 billion US dollars, that is a lot of money being shaved off.
The U.S. President Donald Trump repeated that he will revoke Harvard University's tax-exempt status, saying that "We are going to be taking away Harvard's tax-exempt status. It's what they deserve!" Harvard, which is already suing the Trump administration, said that this is unlawful.
And Skype Will Shut Down on Monday, May 5, As Microsoft Shifts to Teams. Davina Gupta will hear from one of the creators of the Skype ringtone.
Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Peter Ryan, ABC's senior business correspondent who is in Australia, and Diane Brady, Executive Director of Fortune Live Media and Editorial Director of the Fortune CEO Initiative.
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49:26
Trump sacks Waltz as US National Security Advisor
President Trump has sacked Waltz as national security adviser and nominated him to serve as ambassador to the United Nations.The US and Ukraine signed a minerals deal which President Zelensky says is an "equal partnership".As trade wars continue, we explore how businesses of all sizes are surviving. Will tariffs dominate Apple and Amazon's earnings? And how are small businesses staying afloat?Plus, why have Australian wine exports hit a record low? Andrew Peach speaks to a wine maker in Melbourne.
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49:28
Trump suggests China tariffs will fall
President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast in the wake of Trump’s tariffs, with the US expected to be hit hardest.And the boardgames industry is suffering the consequences of tariffs. A number of companies have launched a legal case against the Trump administration. Among them is Stonemaier Games, we speak to their President.
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53:26
Trump marks first 100 days in office
On the programme we are looking at Donald Trump's first 100 days in power, during which he has talked a lot about tariffs, and there have been many changes to trade policies.
Rahul Tandon looks at the key important economic events of the initial 100 days and the way they have upended global trade.
Also, Mark Carney is celebrating his election victory in Canada, although Canadian broadcaster CBC projects his party will fall just short of the 172 parliamentary seats needed for a majority.Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Rebecca Choong Wilkins, Senior Asia correspondent for Bloomberg, and Tony Nash, CEO of Complete Intelligence.
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49:26
Canadians are voting in an election dominated by the global trade war
Canadians are voting in a general election which has been dominated by Donald Trump's trade war and threats to annex the country. The leaders of the two main parties rejected a renewed assertion by Mr Trump on election day that Canada should become the fifty-first US state.Devina Gupta hears from the BBC’s economics editor Faisal Islam, who is in Ottawa, and Dan Kelly, president of the Canadian Federation of Independent Businesses.
And the Spanish prime minister, Pedro Sanchez, has urged people not to speculate over the cause of a massive power cut that's affected millions of people across Spain and Portugal.Also, the Chinese online retailer Temu, known for its cheap products, adds ‘import charges’ of about 145% in response to President Trump’s tariffs on China.
Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Jessica Khine, a business development consultant based in Malaysia but now joining us from London, and Sergio Guzmán, director of the Colombia Risk Analysis company.
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