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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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Saudi Arabia ratchets up pressure on Qatar

June 28th, 2017

Episode 1077 of 1091 episodes

The United Arab Emirates, Saudi Arabia, Egypt and Bahrain cut diplomatic ties with Qatar three weeks ago. They've severed transport links and disrupted trade. Now, in an interview with the British newspaper the Guardian, the UAE's ambassador to Moscow, Omar Ghobash, threatened Qatar with more sanctions. That may include asking their trading partners to choose between them or Qatar. Meanwhile, businesses across India brace for upheaval, as the country heads for its biggest reform of taxes since independence. We talk to the BBC's Sameer Hashmi in Mumbai. Plus, twenty years since the return of Hong Kong to Chinese rule, people there tell us their hopes for the future. And will President Trump be impressed by claims of increased defence spending by America's NATO allies? Economist Irwin Stelzer gives his view. Photo by Nadine Rupp/Getty Images

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