Business English Vocabulary | Business English Pod

Business English News 45 – The 5G Revolution

Business English, Business English Vocabulary, Business News, IT and Tech / August 2, 2020

In this Business English News lesson we look at vocabulary related to technology and mobile communications.

There’s a lot of buzz around 5G technology these days. And it’s not just tech giants like Samsung, Ericsson and Huawei that are getting excited. Everyone from consumers to governments are paying attention. And with the excitement comes no small amount of controversy. But what’s all the hype about? And for starters, what exactly is 5G? Technology website Inventiva explains:

Put simply, 5G is an innovative mobile technology, which is expected to impact all aspects of our lives, including our homes, entertainment, work, and travel. In part, this is because it enables download speeds 10 to 20 times faster than the 4G networks of today. But it’s also much more responsive than the current networks, and allows many more devices to be connected to the internet. In short, it radically improves network bandwidth. With such speed and capacity, 5G is expected to transform everything around us.

Free Resources: PDF Transcript | Quizzes | Lesson Module

Download: Podcast MP3

Business English News 44 – Covid-19: Economic Impact

Business English, Business English Vocabulary, Business News, ESL Podcast / May 24, 2020

The world first heard about cases of a novel coronavirus on December 31st, 2019. In just two short months, the World Health Organization had declared a global pandemic. The impact on the world economy was instantaneous, as the World Economic Forum explains:

The COVID-19 pandemic has hit global trade and investment at an unprecedented speed and scale. Multinational companies faced an initial supply shock, then a demand shock as more and more countries ordered people to stay at home. Governments, businesses and individual consumers suddenly struggled to procure basic products and materials, and were forced to confront the fragility of the modern supply chain.

Now, as we approach summer, supply chains still don’t feel completely secure. Economic forecasts look pretty gloomy as nations emerging from lockdown attempt to kickstart their economies. The stock market, however, has provided some surprises amid the crisis.

Free Resources: PDF Transcript | Quizzes | Lesson Module

Download: Podcast MP3

BEP 356 – Accounting English: Discussing Taxes (2)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting / March 10, 2020

Welcome back to Business English Pod for today’s lesson on accounting English vocabulary for discussing taxes.

Spring is a busy time for accountants in the U.S. and many other countries. That’s because spring is when corporations and individuals have to file a tax return with the government. It’s our yearly reminder that we don’t get to keep everything we earn.

Of course, those busy accountants aren’t just calculating your revenue and costs. They’re looking for ways to reduce the amount you – or your business – have to pay in tax. And that’s why the chatter around offices and board rooms is all about ways to avoid handing over too much money to the tax man.

Listen to these conversations and you’ll notice many useful expressions. For example, I’ve already used the phrase “file a tax return.” That verb “file” always goes with “return” when we talk about our annual submission to the government. You can learn those words together, as one expression or “collocation.”

A collocation is just a natural combination of words that native English speakers learn as a chunk. With English collocations, we don’t have to go searching for every word in our brain. Instead, we pull out a string of words that matches our intended meaning. Learning these strings of words is more efficient, and will make you sound more natural. As you listen to today’s conversation, try to pick out some of these collocations and we’ll discuss them later in the debrief.

In the dialog, we’ll continue with a conversation about the tax situation of a company called Brando Equipment. Christie has been giving an update to two senior managers: Glen and Ivana. Last time, Christie gave them an overall picture of the tax situation, and today she’s providing more detail.

Listening Questions

1. What does Christie say is one factor that increased their reported income?
2. What helped reduce the company’s reported income by about $50,000?
3. What important issue does Ivana want to discuss in more detail at the end of the dialog?”

Premium Members: PDF Transcript | Quizzes | PhraseCast | Lesson Module

Download: Podcast MP3

BEP 355 – Accounting English: Discussing Taxes (1)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting / March 1, 2020

Welcome back to Business English Pod for today’s lesson on accounting English for discussing taxes.

There’s an old saying in English that “nothing is certain except death and taxes.” But, although taxes are certain, the exact amount you have to pay isn’t. Just ask any accountant. For both companies and individuals, there are all sorts of ways to lower your tax bill. And a lower tax bill means more money in our pockets, or in our shareholders pockets. For this reason, tax is a popular topic of discussion, especially in the spring when most taxes are due.

In this accounting English lesson, we’ll listen to three managers at Brando Equipment discuss their tax situation. During the conversation, the managers use a lot of common expressions related to taxes. We call these expressions “collocations.” A collocation is just a group of words that go together naturally.

Some English collocations, such as “take a chance,” are widely used. But many collocations are particular to a certain field of work or topic. And to work in that field or discuss that topic, you need to know these special expressions. When it comes to taxes, for example, you need to know that we use the verb “file” with “taxes” to talk about our yearly report to the government. Learning collocations like this in different fields will develop your vocabulary and help you sound more natural.

In the dialog, we’ll hear Christie, Glen, and Ivana discuss the tax situation at Brando Equipment, a subsidiary their company has recently purchased. Glen and Ivana are corporate managers, while Christie is an accountant. The three colleagues use many English collocations and vocabulary specific to taxes as they talk about how much tax Brando Equipment owes.

Listening Questions

1. What does Ivana hope that they finish by the 30th of the month?
2. Near the start of the conversation, what does Christie say is higher than they anticipated?
3. What key piece of information does Glen want to know?

Premium Members: PDF Transcript | Quizzes | PhraseCast | Lesson Module

Download: Podcast MP3

Business English News 43 – Climate Change

Business English, Business English Vocabulary, Business News, ESL Podcast / February 18, 2020

Change is a constant, and the earth’s climate has never been perfectly stable. But in recent years the pace of climate change has accelerated to the point of crisis. Scientists around the world are sounding the alarm, and more and more people and institutions are realizing that drastic times require drastic measures. Business is not immune. According to the New York Times:

The Carbon Disclosure Project analyzed submissions from 215 of the world’s 500 biggest corporations. They found that these companies faced roughly $1 trillion in potential costs related to climate change in the decades ahead, unless they took proactive steps to prepare. By the companies’ own estimates, the bulk of those financial risks could start to materialize in the next five years or so.

Free Resources: PDF Transcript | Quizzes | Lesson Module

Download: Podcast MP3