World Business Report

BBC World Service

Business, Business News, News & Politics

Chart Positions

Business News 45

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


Sharm el-Sheikh Firms Fear Backlash After Crash

November 5th, 2015

Episode 543 of 1091 episodes

Egyptian businesses dependent on the tourist trade fear they could be badly hit in the aftermath of Saturday's plane crash. We talk to the boss of a diving company in Sharm el-Sheikh who is worried tourists could be deterred from visiting the resort. Also we hear from representatives of the Egyptian tourism industry in London to promote the country as a destination and ask an aviation expert about the security issues. The mining company Randgold has reported a sharp drop in profits as result of the falling gold price. We discuss the challenge of cheaper gold with the company's chief executive, Mark Bristow. The world's first floating windfarm has just been given the green light. The Norwegian energy firm Statoil will build it in the North Sea, off the coast of Peterhead in Scotland. Supporters reckon floating turbines will help make wind power a more economically attractive option because they are easier to install in deeper water, further out to sea where it is windier. Statoil's executive vice president, Irene Rummelhoff, gives us an insight into the project. And the BBC's Simon Jack takes a tour of a maximum-security data centre to hear how Ireland became the cloud capital of Europe.

Featured Podcast