World Business Report

As airlines cut flights over high jet fuel costs the EU's transport commissioner says passengers must still be compensated.
We hear from the Global Fashion Summit in Copenhagen on how the industry is responding to rising costs and supply chain issues.
And would you sue for guaranteed access to a sun lounger on your holidays?

Tony Fernandes, the chief executive of the low-cost carrier, has been speaking to the BBC. He says the current high fuel costs are more complex for the airline to manage than during the COVID-19 pandemic. Plus, Danish shipping giant Maersk says it will be able to adapt if charges are introduced for ships transiting the Strait of Hormuz. And the African nation of Madagascar is struggling to deal with fuel shortages as a result of the war in the Persian Gulf.

We look back on the life of the CNN founder, Ted Turner, who has died. We hear from Brian Selter, CNN chief media analyst, and Lisa Napoli who was an intern in the network's early days. Also, conflict in the Middle East has driven aluminium prices to a four-year high. So how will this affect the price of cars and canned goods? And with six weeks to go before the FIFA World Cup, how US hotels are seeing fewer bookings than they expected.
(Picture: Turner Enterprises Chairman Ted Turner participates in a panel at the 2010 Milken Institute Global Conference in Beverly Hills, California. Credit: REUTERS/Phil McCarten)

Oil prices drop after reports that the US and Iran are close to a peace deal. Donald Trump says the war could end with an agreement, and warns strikes will return if not.
From the Gulf, we hear how the conflict is already reshaping investor thinking.
India is chasing $20 billion in trade with Vietnam as leaders from both countries meet to deepen economic ties.
And are weight‑loss drug makers facing a new dose of competition?
Presenter: Bisi Adebayo
Producer: Niamh Mc Dermott

With the US and Iran trading fire in the Strait of Hormuz, the ceasefire wobbling and oil prices continuing to rise, Sam Fenwick discusses the latest developments as the situation in the Persian Gulf continues to fray.
We hear from Nikolas Tsakos, founder and CEO of one of the world's largest independent tanker operators, as well as trade union representative Sascha Meijer, on what this means for those stuck on tankers in the Middle East.
Elsewhere we tell you why the price of oil you hear on the news may be misleading, and what it could mean for your fuel bills if the US-Iran conflict drags into next year.
Plus, with fashion retailer GAP's co-founder Doris Fisher passing away, we speak to Catherine Shuttleworth on changing fashions of the high street.
Global business news, with live guests and contributions from Asia, Europe and the USA.
(Picture: US secretary of state Marco Rubio discussing the situation in the Strait of Hormuz within the James S. Brady Press Briefing Room at the White House in Washington DC, USA, on 5 May 2026. Credit: Kylie Cooper / Reuters)