Trending up, however, are the sales of electric vehicles, which doubled in 2021. And, while the costs for companies have risen, so too – somehow – have profits. One reason? People just really want some of the stuff businesses are selling, like cars.
From the BBC World Service: The European Central Bank will announce its latest interest rate decision today. Despite record Eurozone inflation we hear why it is unlikely that rates will actually rise. And as Turkey’s inflation rate hits 48%, we hear what role tourism can play in tackling some of the country’s bigger economic problems.
The European Union set a goal of being climate neutral by 2050, but the criteria for what is “green” raises questions. With remote work becoming normalized, some developers plan on turning empty office buildings into apartments.
Also today: COVID-19 vaccines for children under the age of five could soon become available. Facebook parent company Meta reports its earnings this morning, and we take another look as business possibilities that could exist within the “metaverse.”
From the BBC World Service: The European Union will allow gas and nuclear power to qualify for classification as climate-friendly investment projects. But it’s a move that’s been met with controversy and protests in Brussels. Plus, what’s behind Sony’s unexpected soaring profits? And, the cost of South Africa’s crumbling rail infrastructure.
Also today: Metlife’s Drew Matus joins us for our markets discussion. The workplace is becoming more and more automated, especially during the pandemic. Does that mean the robots are coming for all of our jobs? We spoke to Charlotte Howard, the U.S. business editor and New York bureau chief for The Economist, about the implications of automated work.
From the BBC World Service: India unveils a sweeping new budget. But can it help the country recover from its COVID-induced economic losses? Plus: Myanmar marks a year since a military coup with silent protests across the country. And, legal protections are enacted in Belgium for workers who want to disconnect from work after hours.
Julia Coronado highlights consumer sentiment, raises and the specter of inflation during our markets discussion. Congress returns to session with a variety of economic items on the agenda.
From the BBC World Service: A snap election gives Portuguese Prime Minister Antonio Costa’s party a new public mandate to oversee the country’s post-pandemic economic recovery. Plus, how a Chinese crackdown on capital outflows is hitting the world’s biggest gambling hub.
