World Business Report

Blue Origin, the company owned by Amazon founder Jeff Bezos, says it will launch a new satellite-based communications network called TeraWave. We find out if it could eventually rival Elon Musk's Starlink, which currently dominates the satellite internet market.

Plus, the conversation in Davos switches to the economic future of Venezuela.

And Spanish football giants Real Madrid are the richest football club in the world, again.

President Trump makes a u-turn on tariffs after reaching a framework for a future deal over Greenland. Leanna Byrne asks - what do we know about this deal?
We also follow the US Supreme Court hearing involving Federal Reserve governor Lisa Cook, who denies allegations of misrepresenting her home ownership status.
And the EU-Mercosur trade deal faces a legal challenge.
(Photo: US President Donald Trump speaking at the annual meeting in Davos, Switzerland, January 21, 2026. Credit: Photo by World Economic Forum/PA Wire)

The settlement comes just days before the landmark case was due to go to trial in LA

The World Economic Forum at the Swiss resort of Davos has been dominated by President Trump's ambition to take control of Greenland, and his threat to impose tariffs on European countries that resist.

EU leaders could be hitting back with tariffs of their own. So, what are the market reactions in the US and in Europe?

Also, it was tariffs on allies, tariffs on rivals, tariffs that sent shockwaves through the global economy. One industry that felt the impact is cars. We will hear businesses in South Africa, the US, and Canada.

(Photo: US President Donald Trump holds a press briefing with reporters at the White House in Washington, DC, USA, 20 January 2025. Credit: Photo by JIM LO SCALZO/EPA/Shutterstock).

President Trump insists there’s ‘no going back’ on taking control of the island