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Episode details

World Service,20 May 2021,26 mins

ByteDance chief executive steps down

World Business Report

Available for over a year

Zhang Yiming is stepping down as chief executive of TikTok's parent company ByteDance. Mr Zhang says he prefers more solitary activities like reading and daydreaming to running the popular video sharing app, and the BBC's Kerry Allen tells us what's behind the move. Also in the programme, there's been an uptick in inflation around the world as countries recover from the pandemic. Mohamed El-Erian, who is an economic adviser and president of Queen's College, Cambridge, explains why he thinks central banks are already behind the curve. Meanwhile Dana Peterson of the US Conference Board argues that recent price rises will prove to be a temporary phenomenon. Plus, as climate change melts Arctic ice, can exploitation of the region be done sustainably? It's one of the talking points at the Arctic Council meeting which is taking place in Reykjavik today, as we hear from the BBC's environment correspondent, Matt McGrath. (Picture: TikTok on a smartphone by a ByteDance logo. Picture credit: Getty Images.)

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