May 5th, 2016
Episode 717 of 1091 episodes
The chief executive of Reckitt Benckiser apologises about a product linked to fatal lung injuries in South Korea. Nearly 100 people died after inhaling toxins from sterilisers in humidifiers, not all made by the company. We hear from South Korean protestors who demonstrated outside the company's shareholder meeting in London and get a report on events inside the AGM where some investors opposed the chief executive's salary award. When a company wants to raise money, it can issue bonds to investors who are confident enough to give it their backing. However banks have been making use of a sophisticated type of bond lately, known as the COCO. They are supposed to prevent another banking crisis, but some believe they could pose a threat to the entire financial system. The BBC's Alex Ritson, has been discovering why there are fears that this particular kind of coco could turn sour. AirBnB is the internet business which has shaken up the world of hotels and guest houses. Within eight years it has gone from a small San Francisco start-up to one of the world's most valuable technology companies. Its website allows people to rent out spare rooms, apartments or houses and it has more than two million listings in almost 200 countries. AirBnB is now targeting Asia, especially India, for future expansion. One of the company's founders, Nathan Blecharczyk, tells us more about its future.
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