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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 45

The latest business and finance news from around the world from the BBC

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Snapchat Owner’s Shares Surge In Stockmarket Debut

March 2nd, 2017

Episode 972 of 1091 episodes

Shares in the company that owns Snapchat have been snapped up by investors on their debut. We analyse how Snapchat's social media app works and why investors are jumping on board. The French presidential candidate Emmanuel Macron has unveiled his manifesto, which includes selling state owned assets and offering citizens fairer pensions. We hear about the latest developments in France's presidential race with Anne-Elisabeth Moutet from the Daily Telegraph. US President Donald Trump has promised to get tough with the World Trade Organisation and global trade rules he believes put America at a disadvantage. We measure the possible impact on the global economy of a new White House approach to the WTO designed to "aggressively defend American sovereignty over matters of trade policy." Uganda has launched a trade strategy that could block foreign goods in favour of promoting local ones. Martin Okumu at the National Chamber of Commerce and Industry in Kampala explains the merits of the campaign. Calling the helplines of companies only to be put on hold for ages hardly seems like good customer service, especially when a recorded voice repeatedly tells you just how important your call is to them. The Absent Corporation, a new book released by the New Weather Foundation examines the trend and we speak to Andrew Simms, a co-founder of the economic think tank.

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