The World of BusinessAuthor: BBC Radio
23 Feb 2019

The World of Business

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Insights into the business world - featuring content from BBC Radio 4's In Business programme, and also Global Business from the BBC World Service.

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    Uruguay: the World’s Marijuana Pioneers

    Five years after Uruguay became the first country to allow the sale of recreational marijuana, what does a legal cannabis industry look like? When the small South American nation of Uruguay made it legal to grow and buy marijuana for fun, an entire industry had to start from scratch. For producers, regulators, investors, and consumers, it was a blank canvas. Now, as Canada and more and more US states follow in Uruguay’s pioneering footsteps, what can others learn from Uruguay’s approach? And as even more US states and other countries legalise the medical use of marijuana, can Uruguay, which also legalised growth for medical use, benefit from being at the vanguard of a new - and potentially huge - global industry. Presenter/Producer: Simon Maybin Picture Credit: BBC

  • Posted on 23 Feb 2019

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    Brexit: Germany Gets Ready

    Caroline Bayley reports from Hamburg in Germany on how companies there are preparing for Britain's exit from the European Union. The UK is one of the port city's most important trading partners and one thousand firms in the area have business links with Great Britain. So it's not surprising that there's a flurry of activity in Hamburg in the final weeks before the UK's departure. But how do you plan for Brexit and a new trading scenario which has not yet been finalised? We speak to those who are planning ahead, as well as British workers, concerned about their future status as employees in Germany, and many who simply don't know what to do. Presenter: Caroline Bayley Producer: Beth Sagar-Fenton Picture: St. Pauli-Landungsbrücken, Hamburg, Germany Credit: Getty Creative / iStock / tomch

  • Posted on 16 Feb 2019

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    Hungary’s “Slave” Law

    Hungarian politicians have been the focus of protest since they passed what many have called a “slave law” last December. This legislation allows companies to ask their workers to do more overtime – and to delay payment for up to three years. But the government says the law gives businesses flexibility and employees the freedom to work more and earn more. Many think that this legislation is intended to deal with Hungary’s chronic labour shortage. With an aging population, hard-line immigration policies and many educated young people looking for work overseas, businesses in Hungary struggle to recruit the people they need. Lucy Ash travels to Hungary to hear about the new law and its implications – and find out how businesses are coping with a dwindling workforce. Presenter: Lucy Ash Producer: Josephine Casserly Picture Credit: Laszlo Balogh/Getty Images

  • Posted on 09 Feb 2019

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    Koreans in South Africa

    The Chinese have long been involved – sometimes controversially - in Africa. But there’s another Asian economic powerhouse that is doing business there. Using South Africa as a springboard, South Koreans are seizing control of some of the key markets on the continent. There are four thousand Koreans living in Johannesburg, creating new businesses and developing established companies. Karen Allen talks to them about some of the challenges they face. Visiting the global electronics giant LG and the car manufacturer Kia, Karen sees how they are growing their businesses. She also hears how the Korean work culture gives them an edge. Presenter: Karen Allen Producer: Ben Carter Picture Credit: Getty

  • Posted on 26 Jan 2019

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    Beyond the Barbed Wire - Cyber Security in the UK

    Since Bletchley Park and the enigma machine, Britain has been at the forefront of what would become cyber security. In GCHQ we have a world leader in threat detection and yet our industry lags far behind both the US and Israel. Jonty Bloom looks at what we could do to make this Brexit proof industry bigger and finds out why Belfast is at the forefront of the UK’s research and development to keep us safe online. He looks at Unit 8200 the Israeli Army’s elite cyber security unit which has spun off several successful start up companies because of the unique training system they employ. Jonty gets to see inside the National Cyber Security Centre which is part of GCHQ’s new open policy as it invites investors to see the third round of it’s start up incubator. The ‘Catalyst’ campus in Belfast’s newly redeveloped docks sits beside the shipyard that built the Titanic and is now securing silicon chips rather than building ships. It’s buzzing as foreign investment has flowed into to take advantage of its burgeoning cyber security talent pool. A bet placed on the industry a decade ago by Queen’s University has paid off with a pipeline of graduates with the specialist skills needed to protect us online. Each and every heartbeat is unique to its owner and Jonty meets a company using this to secure our information as well as our cars. Getting the chance to test drive their heart beat steering wheel with some disastrous consequences. No trip to Belfast would be complete without a trip to the pub and here we meet some of the young talent that’s drawing this attention. We hear how quickly the start-up culture has grown and how this tech cluster has reached a level that is reversing the once chronic brain drain from the region. Presenter: Jonty Bloom Producer: Jordan Dunbar Photo Credit: Getty Creative Stock

  • Posted on 17 Jan 2019

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