French President Emmanuel Macron was expected to name the new government chief amid the country’s political breakdown, with a view to tackle the country’s economic outlook. Also, how will Australia’s new plans to introduce a social media company levy encourage tech companies to pay news outlets and publishers for content? And, Donald Trump opened trading at the New York Stock Exchange, as he was named Time’s Person of the Year 2024.
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Hello and welcome to World Business Report from the BBC World Service.
I'm Sam Fenick.
Coming up today, as Australia introduces a levy on social media giants, we explore how similar rules have played out in Canada.
Also today, this is end of life.
Car tires recycled with graphene.
I want to make space stations.
I want to make world of tallest buildings.
It was once hailed as a wonder ingredient for industry, but what has happened to graphene?
And hear how sport diplomacy is being used to strengthen ties between Australia and Papua New Guinea.
This deal is designed to stop Papua New guinea entering a security agreement with another country, China in particular.
What's the financial cost?
Find out in the next half an hour.
First today let's head to France, where President Macron is poised to name a new Prime Minister after the collapse of the government.
The 2025 budget was scrapped after Michel Barnier resigned as Prime Minister following a no confidence vote in Parliament over his budget.