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Episode details

World Service,02 Aug 2022,26 mins

Talks in Taiwan: Could Nancy Pelosi’s visit cause friction in US-China relations?

World Business Report

Available for over a year

Taiwan is bracing for a potential show of force from China as US house speaker Nancy Pelosi arrives in the country for talks with the president. The BBC’s Taiwan correspondent Cindy Sui has been following the story. Spain has introduced an energy-saving plan today which includes limiting air conditioning in public buildings and businesses to a minimum of 27 celsius and limiting central heating to a maximum of 19 celsius. Journalist Leah Pattem updates us from Madrid. The oil giant BP hit its highest quarterly profit for 14 years. Investment director at Broker Fidelity International Tom Stevenson tells us what impact it could have on the tax industry. Rent rates in New York have soared in yet another sign of the cost-of-living squeeze. We hear from Yoon Choi who was forced out of the Upper East Side due to high rent rates. The BBC’s North America business correspondent Michelle Fleury joins us from New York. In 2020, after months of civil unrest, China introduced a new security law in Hong Kong. In response, the UK has expanded the British National Overseas visa scheme which now offers the right to live and work in the UK for five years, as well as a path to citizenship. James Graham catches up with those starting new lives in the UK and finds out how they're establishing careers. (Picture: WASHINGTON, DC - JULY 21: U.S. Speaker of the House Nancy Pelosi (D-CA) holds her weekly press conference at the U.S. Capitol on July 21, 2022 in Washington, DC. Picture Credit: Getty Images).

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