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World Business Report: First broadcast 02/08/2021 00:06 GMT : Americans banned from investing in some Chinese companies

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Americans banned from investing in some Chinese companies

First broadcast 02/08/2021 00:06 GMT 

First broadcast 02/08/2021 00:06 GMT : Americans banned from investing in some Chinese companies

BBC World Service - World Business Report, Americans banned from investing in some Chinese companies

From Monday, Americans will be banned by the US from investing in 59 Chinese companies

From Monday Americans will be banned from investing in 59 Chinese companies, including technology firms like Huawei. The move aims to stop the flow of capital into defence and surveillance technology companies which the White House says will undermine security. We get analysis from Shirley Wu, a research fellow at the University of Harvard, who monitors relations between Beijing and Washington. Wildfires, record high temperatures and strong winds are sweeping parts of Greece, Turkey and Lebanon, forcing the evacuation of thousands of people; we hear from Eleni Myrivili, a former deputy mayor of Athens, who has just been appointed as the City's Chief Heat Officer. On August 12th, Zambians will vote in a national election, which comes as poverty is more widespread, the country's foreign debt has increased, the economy has suffered recession and a third wave of of Covid 19 is keeping children out of school. So what will the implications be for the economy? We speak to Paul Nyambe, founder and chief executive of Zamgoat a company that farms and produces goat meat in Lusaka. Over the last year surfing has seen a boom in popularity, as people who want escape lockdown have taken to the waves. The surge in popularity is a major boost to Europe's biggest online surf equipment retailer, Boardshop in the UK and we hear from co-founder, Roger Moon. (Picture of a trader on the New York stock exchange via Getty Images).

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First broadcast 02/08/2021 00:06 GMT : Americans banned from investing in some Chinese companies

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