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Inside Europe's biggest LNG terminal
This is the story of liquefied natural gas (LNG), and how in the last year it has played an enormous role in keeping the lights on in Europe
This special edition of Business Daily comes from inside the biggest LNG terminal in Europe. Rick Kelsey looks into the role the fuel is playing as sanctions mean gas pipelines from Russia into Europe are restricted.
LNG terminals which were half empty are now full, but should the cutting usage of Russian gas automatically mean importing more gas from elsewhere in the world? Is there a greener option?
Presenter / producer: Rick Kelsey
(Image: Isle of Grain terminal, Kent; Credit: National Grid)
The US banking system on life support
In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found.
As the former CEO of Fannie Mae, Tim Mayopoulus has experience of steering a bank through financial turmoil.
He speaks to Sam Fenwick about how he steadied the nerves of SVB employees, customers and the global banking sector.
Producer/presenter: Sam Fenwick
(Photo: Man walking past SVB branch. Credit: Getty Images)
The 'right to repair' movement
With the cost of living crisis forcing many of us to try and limit what we spend, more and more people are looking to repair the things they own. It’s giving momentum to an international network of ‘repair cafes’ and a global campaign for manufacturers to make products fixable.
In this episode, we hear from World Service listeners about their do-it-yourself repairs - some more successful than others.
Laura Heighton-Ginns visits a bustling repair cafe, where all sorts of household and sentimental items are given new life, including Rosebud, a doll who was first played with 70 years ago.
Laura also speaks to Ugo Vallauri, co-director of the international Restart Project, about the need for durability to be built back into product design.
Presenter/producer: Laura Heighton-Ginns
The economics of cocaine
The cocaine trade generates billions of dollars for criminal gangs right around the world but most of the supply of the drug comes from Colombia. Some the money made in this illegal economy does filter into the legal one and by some estimates the cocaine business now accounts for 4% of Colombian gross domestic product.
How does the cocaine business generate so much money and for who? We also ask what would happen in places like Colombia if the world legalised the cocaine trade, if it could be taxed and revenue earned by Governments much in the same way as products like tobacco and alcohol. We hear from a former Colombian president and Nobel Prize winner who says it should.
Presenter/producer: Gideon Long
(Image: Coca plants. Credit: Getty Images)
Business Daily Meets: Tony Elumelu
Nigeria's most well known economist Tony Elumelu tells us why Africa needs to rethink it's relationship with business.
He explains "Africapitalism", the idea that the private sector can transform Africa's economy and society for the better.
He also discusses a number problems slowing economic growth in Africa, including young, well-educated people leaving for better opportunities elsewhere and a lack of investment in the tech sector.
Presenter / producer: Peter MacJob
Image: Tony Elumelu: Credit: Getty Images