Ed Butler is joined by Peter Morici, Economist at the University of Maryland, based in Washington and Jessica Khine, Corporate Advisor for Astris Advisory in Malaysia to discuss the top business stories.

Iowa is the first major state to decide who will be the Republican US presidential candidate for the 2024 election. The opinion polls suggest that former President Donald Trump looks like the clear front-runner, with Nikki Haley and Florida Governor Ron DeSantis competing for second place.

Houthi rebels have hit a US-owned container ship, the Gibraltar Eagle, with a ballistic missile off the coast of Yemen. The rebels say they will continue to target all US and British ships taking part in what they call aggression against Yemen. The two countries have hit Houthi positions after the group began attacking ships in the Red Sea. Ed Butler speaks to Jakob Larsen of BIMCO (The Baltic and International Maritime Council) which represents ship owners around the globe.

Also on the programme, Faisal Islam, the BBC’s Economics Editor, speaks to us from the World Economic Forum in Davos, Switzerland about whether the annual gathering of the great and the good - and the rich - still has a relevance in an ever changing world.

And our reporter Izzy Greenfield tells us how trainer technology is producing record times for top athletes as well as profits for the companies who make them. (Picture credit: Bloomberg/Getty Images.)