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The sterling slumps as the dollar stays strong

The British pound plunges against the dollar to its lowest level in almost four decades. Investors seek protection in the US currency as recession fears grow in other markets.

The British pound plunges against the dollar to its lowest level in almost four decades. Investors seek protection in the US currency as recession fears grow in other markets. We talk to Kenneth Rogoff, former chief economist at the International Monetary Fund.

The second largest movie theatre chain in the world, Cineworld, has filed for bankruptcy protection in the United States. The firm is struggling to recover from the pandemic and needs to restructure a debt of more than $4bn. We hear more from Jeremy Hill, bankruptcy reporter with Bloomberg.

Now that Russia has indefinitely cut gas supplies to Germany, the country relies on coal to produce a third of its electricity. However, coal is a highly-polluting source of energy that many European countries, including Germany, had vowed to phase out. We hear more from Thomas Matussek, a former German ambassador to the UK and adviser to Flint Global.

Apple has launched the latest versions of the iPhone: iPhone 14 and iPhone 14 Pro Max. We will hear about the new features they have and if they are innovative enough to make Apple fans run to the stores to spend hundreds of dollars on a phone upgrade. Bobby Allyn, tech reporter for NPR, tells us more.

Rahul Tandon discusses these and more business news throughout the programmes with two guests in opposite sides of the world: Karen Lema, bureau chief for Reuters in Manila, and Peter Morici, economist at the R.H. Smith School of Business at the University of Maryland.

(Picture: A pound and dollar bills. Picture credit: Getty)

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50 minutes

Broadcast

  • Thu 8 Sep 2022 00:06GMT

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