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World Business Report: First broadcast 2019/01/08 22:32 GMT: Amazon Is The World's Most Valuable Public Company

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Amazon Is The World's Most Valuable Public Company

First broadcast 2019/01/08 22:32 GMT

First broadcast 2019/01/08 22:32 GMT: Amazon Is The World's Most Valuable Public Company

BBC World Service - World Business Report, Amazon Is The World's Most Valuable Public Company

Amazon has eclipsed Microsoft to become the world's most valuable listed company.

Amazon, formed 25 years ago, has eclipsed Microsoft to become the world's most valuable listed company. The online giant was worth $797bn (£634bn) when the US stock market closed on Monday after rising 3.4% and moved past Microsoft, valued at $789bn. Cynthia Stine of E-Growth partners gives her perspective on the company’s ascent. Also in the programme, a man in Germany has confessed to a data hack that revealed information about hundreds of high-profile politicians. Former Nissan chairman Carlos Ghosn appeared in court for the first time since his arrest. The World Bank sees a global slowdown, but not yet cause for recession worries. Our regular economic commentator Roger Bootle of Capital Economics explains what's behind the fall. And finally, we hear how cannabis farmers across various states are being squeezed back into the black market.

(Picture: Amazon founder Jeff Bezos speaks onstage on October 15, 2018 in San Francisco, California. Photo credit: Matt Winkelmeyer/Getty Images)

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First broadcast 2019/01/08 22:32 GMT: Amazon Is The World's Most Valuable Public Company

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