Search


	Podcast:		World Business Report
	Episode:		Tech giants face slowing economy
	Category:		Business
	Duration:		00:28:16
	Publish Date:		2022-10-26 15:09:00
	Description:		Sales at the tech giants Alphabet and Microsoft are slowing sharply because of fears of a downturn in the economy. Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets. Sir Martin Sorrell is the founder and Executive Chairman of the advertising firm S4 Capital, and used to be the chairman of WPP, one of the world’s largest marketing companies. He gives us his reaction. We hear from the President of the World Bank David Malpass. He has said the global economy is facing a 'grim outlook' which could last for decades. It's because of rapidly rising prices and higher interest rates, a debt crisis threatening to affect economies around the globe. Melanie Debono Senior Europe Economist from the research firm Pantheon Macroeconomics shares her thoughts on the programme. We find out why the price of a decade-long motorbike permit has hit nine thousand US dollars in Singapore. The BBC's Joao Da Silva is in Singapore and explains how it is affecting many of the city state's moto delivery riders.
	Total Play:		0