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World Business Report

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Business, Business News, News & Politics

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Business News 45

The latest business and finance news from around the world from the BBC

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Amazon to Buy Whole Foods for $13.7bn

June 16th, 2017

Episode 1066 of 1091 episodes

Online retail giant Amazon is buying US organic grocer Whole Foods in a $13.7bn deal. The BBC's Samira Hussain in New York tells us why the news has spooked investors in some of America's biggest grocery chains. Also, US President Donald Trump is planning to tighten restrictions on links between the US and Cuba. The BBC's Will Grant tells us about the impact of President Obama's loosening of the relationship between the two countries. Sailors jailed after an apparent bureaucratic mix-up in India are staging a hunger strike. The BBC's Alex Ritson meets some of their supporters in central London. Amazon's founder Jeff Bezos has turned to the public for philanthropic suggestions on how to spend his fortune. Catherine Tillotson is co-founder of Scorpio Partnership, a wealth management company for rich people, and tells us about the dilemmas that philanthropists face. Plus we look back at the week's big business stories with Elaine Moore of the Financial Times in London, and Peter Coy, economics editor of Bloomberg BusinessWeek in New York. (Picture: A Whole Foods store. Picture credit: Reuters.)

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