Currencies take a hit as interest rates climb

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Currencies around the world have been reacting after interest rate rises from the US Federal Reserve and the Bank of England. We speak to Seijiro Takeshita, Professor at the University of Shizuoka’s School of Management and Innovation, and Debosmita Sarkar from the Observer Research Foundation, a thinktank in Kolkata, to find out what it’s meant for the rupee and the yen. Professor Erik Gordon from the Ross School of Business at the University of Michigan explains why Honda has taken the decision to reduce output by 40% across two of their production lines. As the country continues to deal with load-shedding, South Africa turns to wind farms as a possible solution. We find out how that’ll work from Niveshen Govender, CEO of the South African Wind Energy Association. And Jamie Njoku-Goodwin, CEO of UK Music, explains how well the UK music industry is recovering after the coronavirus pandemic. (Picture: Bank of England, Threadneedle Street, London. Credit: Getty Images)