World Business Report - Is social media about to change forever?

Download Is social media about to change forever?

Facebook and Instagram's parent company, Meta is heading into a legal battle against a group of US states that argue it deliberately designed its products to be addictive for younger users. It could pose the biggest threat yet to social media operations with the states demanding changes.

In Canada, pressure is rising to reach a trade deal with the US or be hit with Donald Trump's new 50% tariff on hundreds of Canadian goods.

We find out why borrowing costs for some of the world's major economies are on the rise.

And why is price of wool is skyrocketing?

Presenter: Luke Wilson
Producer: Niamh Mc Dermott

Published on Tuesday, 18th August 2026.

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