Business Daily

Some businesses in South East Asia are growing at remarkable rates by using social media to sell. Live streaming on TikTok and live chatting on apps like Whatsapp, Line and Zalo are all being used to increase sales. We find out how. Nina Dizon-Cabrera is the CEO of make-up brand, Colourette Cosmetics in the Philippines. She explains how her business began on social media and how she can sell thousands of products in just a few hours by live streaming on TikTok. Joan Aurelia heads to Jakarta in Indonesia. The country has over 100,000 TikTok users, the second biggest market for the app after the United States. She speaks to business owners there about how social media has allowed them to transform their businesses. Simon Torring is the cofounder of Cube Asia, a market analyst. He explains how much this new way of selling is contributing to the economy and predicts where the next big trends will come. Presenter/producer: Hannah Mullane(Photo: Nina Dixon-Cabrera Credit: Colourette Cosmetics)

A mentor can take many different forms but ultimately they’re there to give you advice, put you in touch with contacts they have and support you, whether you’re setting up a new business or looking to make the next step in your career. We head to Sweden to speak to Caxton Njuki, a professional sports and health coach who is a mentor to Jessika Sillanpää. He supported her for a year as she set up her business Jessikastory. They give us an insight into their mentoring relationship and how the process allowed Jessika to work on her business full time. Abhishek Nagaraj, an expert in business mentoring at the Haas School of Business at the University of California, Berkley. He discusses the different forms of mentoring and the economic benefits if you have a really good mentor. Producer/presenter: Hannah Mullane (Image: Caxton Njuki and Jessika Sillanpää Credit: Caxton Njuki)

With food and heating prices going up, and wages not rising at the same rate, there is pressure on central bankers across the world to tackle inflation. But is this the right approach? And can it be done without crashing the economy?Ed Butler hears from parents at a cheerleading class in Castleford in northern England, who are concerned about rising prices. They say it is the food shopping where they have noticed the price rises – with one parent shopping online to stop children asking for more items.Jason Furman, a Harvard professor and President Obama's chief economic adviser, explains how we have reached this position – largely as a result of the pandemic and resulting government responses, and the invasion of Ukraine.Former Federal Reserve economist Claudia Sahm explains how prices are rising for the core essentials - hitting poorer households disproportionately which is an issue for the whole economy.And why do we have a 2% inflation target? Mohamed El-Erian, veteran economist and president of Queen’s Co

Presenter Matthew Kenyon visits Dutch tech giant ASML, the company which makes the most advanced machines used in the manufacturing of microchips. It is Europe’s most valuable tech company and business is booming – ASML expanded its headcount by nearly a third in 2022 – but political pressure from the US to restrict exports to China threatens to disrupt the semiconductor landscape. We hear from ASML chief executive Peter Wennink, find out more about the process of creating ASML’s remarkable products and consider what the fallout from Washington’s intervention might be.Presenter/producer: Matthew Kenyon(Photo: ASML expo in Shanghai. Credit: Getty Images)

On World Hijab Day, Business Daily's Emb Hashmi explores the enormous market in modest fashion and in particular the hijab. We meet four women who wear the hijab in their own way and also make a living out of modelling, making and selling hijabs. Dr Sana Askary, founder of Yumin Hijab tells Emb that when she decided to wear the hijab a few years ago she couldn’t find one she could wear comfortably so she designed her own and now runs a hijab business which she’s hoping to expand this year.Shazrina Azman aka Mizz Nina was an award winning Malaysian singer songwriter but a chance moment on Hajj pilgrimage made her realise she wanted to dress more modestly. Sharzina adapted her already very successful fashion business to more modest clothing designs and left her free hair look behind to wear the hijab.Lalla Mariah al-Idrissi is a model and filmmaker and tells us she’s considered a model with hijab she's considered a model with hijab because the hijab is such a significant part of her appearance and Eniya Rana a

Presenter David Reid explores the huge market in military memorabilia. Enthusiasts recreating historical battles has surged in recent years and driven a boom in the market for military uniforms and artefacts. We speak to dealers and buyers and explore the ethics of what some say is a blood soaked trade.David reports from a re-enactment event and speaks to John Ruffhead, the co-ordinator for the Royal Navy Beachhead Commando re-enactors, to find out more about those who take part. Charlotte Huxley-James, a World War Two living historian tells us about the military uniforms she has bought over the years and why authenticity really matters.We also hear from military memorabilia dealer Malcolm Fisher who tells us the market for what he sells is huge and defends the trade in Nazi artefacts. Producer/presenter: David Reid(Photo: US Army Sergeant in uniform decorated with medals. Credit: Getty Images)

Ade Ayeyemi, the CEO of Ecobank - Africa’s biggest bank - speaks to presenter Peter MacJob about the economic woes facing much of Africa and explores the leadership and policy adjustments needed to turn the continents fortunes around.In a candid and wide ranging interview Mr Ayeyemi says that African governments need to stop introducing subsidies and start collecting more taxes in order to manage their economies better.Presenter/producer: Peter MacJob(Photo: Ade Ayeyemi, CEO Ecobank. Credit: Getty Images)

For the final episode of our cost of living series, the Business Daily team are in Dresden, a manufacturing powerhouse in the east of Germany. Leanna Byrne speaks to small business owners, students considering taking on extra paid work and a big manufacturing boss about how the rising cost of living is affecting them and their livelihoods.Detlef Neuhaus, the chief executive of one of Germany's biggest renewables companies - Solarwatt - tells us how the war in Ukraine has changed the mindset of some people when it comes to the value of renewable energy and how their manufacturing costs have gone up in recent months.Presenter: Leanna Byrne Production: Izzy Greenfield and Alex Bell Image: Dresden; Credit: Getty Images

We all know a coffee shop, a restaurant, a greasy spoon, a pub or a fine dining eatery that has closed in the last few months. But why, after two years of forced closures because of the coronavirus pandemic, are hospitality businesses closing now? Leanna Byrne speaks to hospitality business owners from three different countries to find out how they’re covering their overheads. Alessandro Borghese is a chef who owns restaurants in Milan and in Venice. He says he’s paying more for everything from food to oils and staff. And Mandla Mataure is the managing director for the Chimanimani Hotel in Manicaland in eastern Zimbabwe.Zimbabwe ended 2023 reporting a 244% inflation rate. How does Mandla deal with constant price rises when staff are looking for more money?Oliver Mansaray owns the restaurant, Kink, in Berlin. Oliver opened his first ever hospitality business right before the pandemic struck. Like Mandla, he’s taken on the cost of living challenge by cutting costs elsewhere and trying to be more efficient. Pres

Whether renting or buying, housing costs are going up. Presenter Leanna Byrne takes you back home with her to Dublin, Ireland to discuss what all Dubliners love to moan about: the rising cost of renting. According to a report by Daft.ie, which lists places to rent or buy in Ireland, at the end of 2022 rent in Dublin had risen to an average $2,446 per month.And the rising price of renting has seeped into some of Ireland’s other cities, like Cork and Galway, where rents rose by 12% and 16%. Limerick and Waterford’s rental prices both soared by more than 17%. We hear from Rebecca, a 32-year-old working in the tech sector in Dublin, who has been renting for 10 years. She says that renting in Dublin is getting harder. Alex is 31 and works in banking. He got a job in Dublin in January 2022 and was worried about moving there because he heard about the housing horror stories. And finally, Norman Shapiro, senior mortgage broker with First Israel Mortgages, gives us the view from Israel, where house prices have hit a r

Children aren’t cheap. The cost of living crisis is pushing parents to the edge of their finances, worrying about paying for essentials like food, clothing and, for many, childcare. We’ll take a look at Chile, which according to data from the Organisation for Economic Co-operation and Development (OECD), is one of the lowest ranking when it comes to public spending on early childhood education.Natalia Aránguiz lives in Chile and has two children- she speaks to Leanna Byrne about her rising costs.Ann Hedgepeth, chief of policy and advocacy at non-profit organisation Child Care Aware of America, says the national average price of childcare was around $10,600 per year. She says one of the main factors is getting the right staff.Seven thousand miles away in Kampala in Uganda, one childcare business owner is facing the same issues. Manuela Mulondo is chief executive and founder of Cradle, a childcare, lactation and education centre. She says people never think about childcare companies when they are talking about

In this first episode of our second series on the cost of living, Business Daily's Leanna Byrne looks into the areas of our lives that are costing us the most. Today we focus on our public transport systems. Figures from Statista, a market and consumer data platform, puts Auckland, New Zeland as the third most expensive city for public transport, we hear from Jon Reeves who is National Co-Ordinator and Co-Founder of the Public Transport Users Association there.When the cost of living rises, it rises for everyone. So those working in the transport sector want pay rises to reflect that. Anna Jane Hunter, partner at Winder Phillips Associates, tells Business Daily that there’s a lot of systemic issues in the UK’s transport sector that have only just bubbled to the surface again after two years of us staying at home and not using public transport.We speak to Gregor Kolbe, who works on transport and consumer politics for the Federation of German Consumer Organisations. Over the summer, Germany encouraged people to

In 2022, the sale of vinyl records in the UK made more money than CDs. You might think of it as an old fashioned way to listen to music, especially with the dominance of streaming services, but in the last 12 months, artists like Beyonce, Harry Styles and Taylor Swift have all put out major releases on vinyl. So how is the record industry coping with the increased demand?David Harper visits one of the biggest pressing plants in the world, GZ Media, which is based in the Czech Republic. Company CEO Michal Štěrba tells David that the business model is very different to when he started. He says demand started to grow in around 2003 when some other factories closed, but it hasn't stopped growing.David speaks to a Japanese record store about why younger people seem to be buying so much vinyl. And we hear from Kenyan film maker and musician Maia Lekow. She records on vinyl but can't find anywhere in Kenya to press the vinyl itself - she's ended up doing it in Australia. Some smaller independent labels tell us they

Over a million people in Spain are thought to have long Covid. In this episode of Business Daily Ashish Sharma finds out how the condition is affecting working lives and the wider economy. He also examines the long Covid research projects being undertaken in Spain and how they're funded.Long Covid patients Blanca Helga and Maria Angeles discuss their symptoms and the work they're lost since having the condition. Beatriz Fernandez, who herself has long Covid, tells Ashish about a long Covid platform and support group she runs and what she's learnt from it. Maria Jesus Arranz, a geneticist who runs the long Covid research programme at the University Hospital Mutua Terrassa tells us about her work and Carlos Esquivias, the head of Life & Pensions at the Spanish Association of Insurers, UNESPA, tells us how long Covid and Covid in general continues to impact the Spanish economy. Producer / presenter: Ashish Sharma Image: Blanca Helga; Credit: Blanca Helga

Billions of disposable nappies, or diapers, are produced every year and sales are booming. Most go to landfill, some pollute rivers and oceans and a baby can get through 4,000-6,000 nappies by the time they are potty trained.New dad and Business Daily presenter Rick Kelsey looks into whether the available alternatives to disposable nappies are as cheap or convenient for parents. We hear from with nappy innovators Jason and Kim Graham-Nye in Indonesia, who’ve been in the market for 20 years, about how the alternative industry has changed.The City of Brussels in Belgium is planning to introduce washable, and therefore reusable, nappies in all 40 of its municipal daycare centres by 2026. Arnaud Pinxteren who is leading the scheme tells us how it works. Meanwhile Larissa Copello, who works on the nappy issue for the campaign group Zero Waste Europe, tells us how schemes like the one in Brussels could be scaled up.Presenter/producer: Rick Kelsey(Photo: Nappy change. Credit: Getty Images)

The new president of the United Nations International Fund for Agricultural Development, Alvaro Lario tells us why the pandemic, war in Ukraine and climate change have created a perfect storm for global food security and what can be done about that. The BBC’s Frey Lindsay hears from people around the world who are dealing with the food crisis. Alvaro Lario explains how food shortages often begin with smallholder farmers. The failure of their crops and livestock means farmers are often left struggling to feed themselves and this then affects entire communities. Lario also discusses his vision for how private finance and multilateral institutions can team up and to avert the worst in the coming 12 months.Producer/presenter: Frey Lindsay(Image: Farming fields. Credit: Getty Images)

At 12.4%, India has the highest percentage of female pilots in the world. In this episode, Olivia Wilson speaks to female pilots and industry experts to find out why India is leading the way and why other countries are so far behind. We hear about the achievements of Indian commercial airline pilots, Captain Hana Mohsin Khan and Captain Zoya Agarwal, who became the youngest female pilot to fly a Boeing 777 in 2013 and landed a record-breaking flight over the North Pole on the world's longest air route in 2021. Michele Halleran, a trained pilot and professor at Embry-Riddle Aeronautical University in the US, explains the financial and cultural barriers that are in play. Kara Hatzai, the vice president at the International Society of Women Airline Pilots, who provide financial support for women training as pilots, tells us how a scholarship kickstarted her career in the male dominated industry. Presenter/producer: Olivia Wilson(Photo: Zoya Agarwal. Credit: Zoya Agarwal)

Small businesses create nearly two-thirds of new jobs in the workforce and account for 44% of US economic activity. So what's the secret to their success? What challenges do they face and which are the best cities and regions for them to thrive? Samira Hussain visits the city of Nashville in Tennessee, which is a hotbed of new businesses and start ups - there are reportedly four out of every 1000 Nashville residents are CEOs.Samira meets James Davenport and Mike Hinds, co-founders of the Nashville Barrel company who launched their whiskey company in the city in February 2020. She goes to a business ‘mixer’ where CEO of the Nashville Entrepreneur Center, Jane Allen, gives an overview of Nashville’s appeal. Tennessee has very low taxes which can encourage new business to the area - Bradley Jackson, president and CEO of the Tennessee Chamber of Commerce and Industry tells Samira how the approach works alongside other incentives.But what does this mean for the people living there? The state has one of the high

China has this week reopened its borders for the first time in nearly three years. There have been scenes of joy and relief for many Chinese citizens after years of isolation. Ed Butler asks whether this is a turning point, as some are describing. What are the longer term economic threats for the so-called engine of global growth? And how does that impact the rest of the world?Ed speaks to two young Chinese professionals - one in Beijing and one in Shanghai, who are feeling a mixture of relief and concern about the current situation.George Magnus is a research associate at Oxford University’s China Centre - he tells Ed that the current Covid infection wave could spread right across the country, to smaller cities and rural areas.It's difficult to get the true economic picture of what's happening in China, but Shehzad Qazi, managing director of the China Beige Book, the biggest private data collection network on China, says growth turned negative last year, with demand crashing and factories forced to close dow

Wood sales for heating have been growing across Europe, but as demand increases people are facing rising prices and reports of firewood theft. Business Daily's Rick Kelsey looks at how people are buying wood burners to heat their homes, so that they don't need to use as much gas this winter. We speak with Nic Snell, managing director of UK based company Certainly Wood. It sells around 20,000 tonnes of wood every year and Nic tells us who is buying it. Erika Malkin, from the Stove Industry Alliance, tells us sales are now unprecedented and the price of wood has not risen anywhere near as much as other fuels. She estimates that heating the average home with wood is 13% cheaper than using gas. To prevent theft in Germany, some forestry departments are experimenting with hiding GPS devices in logs. Nicole Fiegler, a spokesperson from the forestry department from North Rhine-Westphalia tells us how it works.A recent study by the Health Effects Institute warned that the human cost of air pollution in Africa is amon