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World Business Report

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Business News 45

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

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French Presidential Candidate Pressed To Quit

February 2nd, 2017

Episode 944 of 1091 episodes

The efforts of Francois Fillon to become France's next president have suffered a major setback, after prosecutors widened their investigation into allegations of fraud against the candidate and his wife. Francois Sergeant, a former editor of France's Liberation newspaper, tells us the campaign is in serious trouble: The chief executive of the oil giant Royal Dutch Shell, Ben van Buerden, has told the BBC he supports the choice of Rex Tillerson, as America's new Secretary of State, Rex Tillerson, the former chief executive of the energy firm Exxon Mobil, has been spending his first day in the job, but controversy over his appointment by President Donald Trump continues. We get the views of the veteran environmental campaigner Jonathan Porritt, Hundreds of thousands have taken to the streets in Romania, the biggest demonstrations since the end of communism, to protest against a government decree that relaxes legislation to prevent corruption.The Romanian government has rejected calls to withdraw the decree, that critics say marks a major retreat on anti-corruption reforms. We ask Laura Stefan, who has spent many years campaigning against corruption in Romanian politics, if it is inevitable the decree will come into force. In Spain, a controversial type of mortgage which ensured that homeowners paid a minimum interest rate, even when market rates were much lower, has led to a legal wrangle that has gone all the way to the European Court of Justice. In December, the court ruled that Spanish banks had to pay back billions of euro that customers had paid under the terms of so-called "floor clauses". The BBC's Guy Hedgecoe reports from Madrid on how banks and their customers are reacting to the judgement. (Picture: French presidential candidate Francois Fillon. Getty Images.)

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