World Business Report

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McCarthy ousted as Speaker

World Business Report

The US House of Representatives has voted to remove its speaker for the first time in history, following a motion introduced by the Republican Matt Gaetz. McCarthy had been criticised for reaching a temporary spending deal with the Democrats to avoid a government shutdown. Roger Hearing gets reaction to the vote, and finds out what it means for Congress.

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FTX founder heads to court

World Business Report

Sam Bankman-Fried's trial begins in New York with jury selection. The executive is accused of seven counts of conspiracy and fraud over the collapse of the crypto exchange. We get the latest from our correspondent in New York. Evergrande's shares jump as trading in the firm resumes. The company halted trading in the Hong Kong exchange after it confirmed that its billionaire founder was being investigated by Chinese authorities. And Burger King's brand owner is facing criticism for continuing their operations in Russia 18 months after having said it would leave the country. We find out why it's taking so long for the firm to exit Russia.

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Trump in court in fraud case

World Business Report

The former president faces a civil lawsuit and a fine of $250m for alleged fraud committed through the Trump Organization. Speaking outside the courtroom Mr Trump said the lawsuit was a politically motivated "witch hunt". Roger Hearing hears the latest from the case, and finds out more about what the Trump Organization is worth and how it got to where it is today.

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The Trump Organisation on trial

World Business Report

The civil fraud trial against Donald Trump's empire begins in New York. The former US president and his two adult sons are also accused of inflating the value of their properties. We get the latest from our correspondent. Asia faces one of the worst economic outlooks in half a century, according to the World Bank. We hear about the factors that led the institution to reduce its growth forecast for China and other neighbouring economies. And Indonesia launches The Whoosh, the first high-speed railway in South East Asia. We look into the details.