For most companies, making a product for which theres guaranteed demand Around The World sounds too good to be true, but a successful covid 19 vaccine promises to be just that. One vaccine shot, or a couple as your first booster, is not going to provide lifetime immunity to the virus, so the manufacturers are set to reap the profits for years to come. Drug maker pfizer reports its earnings later today, the question is which of the drugs firms are going to come out on top, and how lucrative Will Making Vaccines actually turn out to be . Joining me now is Sunaina Sinha haldea, managing partner, cebile capital. Thank you for being on the program. First of all, pfizer, when it comes to its news today. This will obviously not have in todays earnings, profits it is going to make with this vaccine it has come up with this vaccine it has come up with biontech . M0 with this vaccine it has come up with biontech . With this vaccine it has come up with biontech . No it wont. There will up with bi
Business report with sally. It is the final week. The french president ial election goes into overdrive. We compare the remaining two candidates economic programmes. And we hear from the green boss whos been quietly donating millions to environmental causes but says hes now spending the money to take on trump. Hello and a very warm welcome. This is World Business report. I am sally bundock. Also in the programme south koreas latest trade numbers rocket. Well go live to the region for the latest. First of all, though, it is the last week of campaigning for the french president ial election. Voters are being wooed by the frontrunner and Centrist Emannuel Macron and by the far rights Marine Le Pen. The economy and prosperity have been among the key issues in what is the worlds sixth biggest economy. So what are the two visions that theyre trying to sell . One of frances biggest problems is its Unemployment Rate remaining stubbornly high at 10 . So as far as emmanuel macrons is concerned,
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
Crude is down some 20 this year, despite opecs attempt to prop it up. And it could have further to go. Plus. On edge over brexit germanys industrial giants fear for the future of their multi billion dollar uk market. We report from the Port City Of Bremen. Welcome to World Business report. I am rachel horne. We also have the story on the excessive borrowing by chinas biggest companies. We start with the price of oil, because, once again, despite the best efforts of the Oil Producing nations to prop it up, it is on the slide. Lets show you whats been happening. This week the talks all been about this guy hes back. Traders refer to a bear market when the price of an asset falls 20 from its recent peak. It often signals a loss of confidence and further falls to come. Since the start of the year, crude has done just that. It is down over 20 . It was 56 per barrel in january, and it is down over 20 . It was 56 per barrel injanuary, and is now below 45 in the middle of this week. Back in nov
Studios in singapore and london, this is bbc world news. Its newsday. Its 7am in singapore, Midnight In London and 1 am in the german city of hamburg, where World Leaders have arrived for a summit of major global economies. Although its not officially started, President Trump has already grabbed the spotlight. Speaking in poland just before the summit hes said Western Civilization needs to defend itself. And ahead of his meeting with President Putin, hes called on russia to stop destabilising other countries. Jon sopel reports from hamburg. The famous port of hamburg, tonights disembarkation point for anarchists, anti capitalists, anti globalisation protesters and the leaders of the worlds 20 richest nations. The protesters stones and fireworks were met by Police Teargas water cannon. No such hostility when the president ventured out in warsaw this morning. Not everywhere in europe would they chant Donald Trumps name so loudly or so approvingly. But with its populist anti immigration g