Amazon cuts 16,000 jobs as it pushes AI and efficiency

The former Federal Reserve governor has deep ties to Wall Street, was previously interviewed for the job in 2017, and has been an outspoken critic of America's central bank. We’ll ask how financial markets have responded to the news. Also, Venezuelan MPs have approved a bill to open up its oil sector to private firms. And, Panama's Supreme Court has voided a Hong-Kong based company's canal port contracts.

The Japanese auto giant Toyota says its global sales set a new record last year, despite trade tensions. What did Toyota do differently to others? Also, in a week where gold hit another record high, Rahul Tandon hears about what a gold boom means for Ghana. And, strong iPhone demand boosts Apple's profits, as Microsoft faces pressure over spending on data centres. (Photo: Members of the media inspect a Toyota Yaris car displayed during a media preview at the 46th Bangkok International Motor Show 2025 automobile showcase in Nonthaburi, on the outskirts of Bangkok, Thailand, 24 March 2025. Credit: by RUNGROJ YONGRIT/EPA-EFE/REX/Shutterstock

The dollar is normally seen as the ultimate safe haven, it's the currency most other currencies benchmark themselves against – so why is it taking a downward spiral? British Prime Minister Keir Starmer has been in Beijing meeting President Xi and says steps have been taken to improve trade with China. And Germany is experiencing a potato glut, we find out why.

US technology giant Amazon has confirmed it will cut 16,000 jobs around the world. Andrew Peach hears from former Amazon workers and an AI expert. Also, why German authorities have searched Deutsche Bank buildings in Berlin and Frankfurt. And how Harry Styles will overtake Taylor Swift by adding more London gigs this summer.(PHOTO: An Amazon employee delivers packages in downtown San Francisco, California, U.S., January 26, 2026. REUTERS/Carlos Barria)

The Swiss franc soars to its highest level against the dollar in more than a decade as investors flee the dollar in search of a safe haven. We look at what that means for Swiss exporters and the central bank.Plus, why have several big global companies announced job cuts, even though they appear to be doing well financially?And the boss of Cisco warns of "carnage" if an AI-driven bubble on stock markets bursts.

A free trade agreement dubbed the mother of all trade deals has finally been announced between the European Union and India after two decades of negotiations. What do businesses make of it?Across the globe then to hear why Canadians are boycotting ski resorts in America. In the US, a landmark social media addiction case has tech giants settling before reaching court. And country music is popular (according the Gen-Z). [Photo:President of the European Commission Ursula von der Leyen and President of the European Council Antonio Luis Santos da Costa shake hands with Indian Prime Minister Narendra Modi in New Delhi, India. Credit: RAJAT GUPTA/EPA/Shutterstock]

The European Union and India have announced a landmark trade deal as both sides aim to deepen ties amid tensions with the US. It will allow free trade of goods between the bloc of 27 European states and the world's most populous country, which together make up nearly 25% of global gross domestic product and a market of two billion people.Meanwhile, Donald Trump threatens South Korea with more tariffs, and a big shift in the global sportswear business as France’s billionaire Pinault family sells a big chunk of its Puma holding to China’s Anta Sports.

The Trump administration ordered Immigration and Customs Enforcement to step up the removal of undocumented migrants more than six weeks ago, triggering large scale protests across the US. Rahul Tandon speaks to business owners who say staff are too frightened to come into work.In France, the government moves a step closer to banning social media for children under 15s.And as a deadly winter storm batters the US and Canada, a farmer explains how he keeps his animals safe in extreme conditions.[Photo: Protests in Minneapolis. Credit:CRAIG LASSIG/EPA/Shutterstock]

Ten European countries bordering or close to the North Sea, including Germany, France, the UK and Norway, have pledged $11.3 billion to expand offshore wind capacity by 2030. They describe it as a historic deal that will wean Europe off dependency on Russian energy.Plus, France starts debating a ban on social media for under-15s in the wake of a similar move in Australia.And India and the EU are poised to conclude a trade deal.

Andrew Peach speaks to the man in charge of keeping Ukraine's largest private energy company going in the face of relentless Russian drone attacks on the country's networks. And we look at how the US administration's decision to end protected visa status for hundreds of thousands of Haitians is hitting the retirement home industry in Florida. Also, we'll be finding out how Robbie Williams has become bigger than the Beatles - by one measure at least.(Picture: Workers of the DTEK energy company fix power lines outside a house in Novi Petrivtsi that was damaged during Russian missile and drone strikes. Credit: REUTERS/Thomas Peter)