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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 40

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

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Greece Election Will Test EU Bailout

August 20th, 2015

Episode 464 of 900 episodes

Greece has called an election amid a political rebellion over tough terms of its bailout. Dimitris Kottaridis, political editor of Greece's ANT 1 TV news service explains more about the rebellion in the ruling Syriza Party, over the tough terms of the European Union's financial bailout. The UK has decided to reopen its embassy in Tehran a sign that Iran is open for business. We hear from Seyed Ali Naghi Seyed Khamoushi, the President of the British Iranian Chamber of Commerce and Saee Laylaz, an Iranian economist and a former advisor to President Mohammad Khatami. Business groups in the UK say that a shortage of trained and qualified new starters in fields like engineering, construction and IT is so chronic it could threaten to derail economic recovery. Two thirds of British businesses are looking for new recruits, according to the business umbrella body the CBI and more than half are really worried about finding them. It is said the UK needs almost two million engineers, a quarter of a million builders and 170,000 people for the food industryin the next five years. But how do you train so many young people to develop those skills? Many countries around the world think an event called World Skills is the answer - it is like the Olympics for young apprentices and trainees. Twelve hundred of them compete in 50 categories, from beauty to bricklaying and this year it took place in Brazil. The BBC's Stephanie McGovern went to meet them this week.

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