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World Business Report

BBC World Service

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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Facebook's Fake Stories Linked to Donald Trump's Victory

November 11th, 2016

Episode 877 of 1091 episodes

The founder of Facebook, Mark Zuckerberg, has denied claims that false news stories on the website helped Donald Trump win the US Presidential Election. We analyse the role that Facebook played in the election with media specialist Professor Jeff Jarvis, at the City University of New York. The appointments President elect Donald Trump makes to help him run the United States from the White House are the subject of much speculation in Washington and beyond. Wall Street is watching closely to see if one of its own will be Mr Trump's choice of Treasury Secretary, or other offices connected to managing the American economy. George Ajjan, an international political strategist and former Republican Congressional candidate, expects to see people appointed from the banking industry. The Tata Group in India is struggling to cope with upheaval in the boardroom and huge losses by its steel manufacturing arm. The recent dismissal of the chairman Cyrus Mistry and the very public criticism of him by his colleagues, signals turmoil behind the scenes. The BBC's Samir Hashmi in Mumbai, brings us up to date with the challenges facing one of India's corporate titans. The e-commerce giant Alibaba has beaten the sales record for its annual Singles Day event. The online retailer claims sales had reached $15 billion about 20 hours into the day long event, but some have questioned the accuracy of the numbers. Merchants selling counterfeit goods is also a problem in the industry. Singles Day was originally a Chinese celebration aimed at unattached people, to counter the hype of Saint Valentine's Day, but now it has spread to Taiwan, as the BBC's Cindy Sui reports.

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