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


Samsung's Galaxy Recall Undermines Brand.

October 6th, 2016

Episode 848 of 1091 episodes

The world's number one maker of smartphones, Samsung, faces shareholder pressure for a break up as more problems emerge with the recall of its new Galaxy device, after some caught fire. An activist US hedge fund, Elliott Management, is demanding the South Korean giant be split up, arguing it would make the business easier to run. We ask some mobile phone users on the streets of New York if they think the problem is damaging Samsung's brand. We also hear from James Rooney, a former adviser to the South Korean government and chairman of Advanced Capital Partners, in Seoul, why investors regard Samsung's structure as too complex. The annual meetings of the IMF and World Bank in Washington have highlighted how the institutions are concerned about moves towards protectionist policies and opposition towards global trade deals. Africa has enjoyed good economic growth in recent years, but the continent has been ignored as the US has been trying to strike free trade deals with countries in Europe and Asia. The BBC’s Michael Kaloki reports from Kenya on how the East African country is struggling to deal with the globalisation of trade. London's Heathrow Airport is one of the world's busiest and some economic experts believe it should be expanded, but development of the aviation hub is a political hot potato. Air quality in London is already poor and opponents of more flights into a bigger Heathrow will make it worse. Within the next two weeks, the British government will decide whether to expand Heathrow, or a rival one, Gatwick Airport, which is south of London. The debate has provoked controversy for years and we fly into the issues with analysis from Rhian Kelly, the Infrastructure Director at the business organisation the CBI, and the environmental campaigner George Monbiot. Body art, or tattoos, was once shunned by most people, but popular with sailors and ex-criminals, but there has been an explosion in the number of tattoo parlours in recent years in many developed countries. Job applicants with tattoos can be rejected by company bosses, but they are growing more popular with celebrities. Kat Von D has injected ink under the skin of some of the biggest names in show business and she made her name with a reality TV show about tattoos. She tells us how she is cashing in on body art and expanding into cosmetics.

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