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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 39

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

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South Korea Halts Most Volkswagen Sales

August 2nd, 2016

Episode 791 of 901 episodes

South Korea accuses the German carmaker of fabricating documents on emissions levels. Krish Bhaskar from automotive consultancy MIRU explains the background. Also in the programme, taxi drivers in Kenya have been protesting outside Uber's offices in Nairobi against the ride hailing app's way of operating. Arun Sunda Rarajan of the Stern School of Business at New York University wrote 'The Sharing Economy', and tells us why Uber keeps running into opposition. The Reserve Bank of Australia has cut its benchmark interest rate to a record low, and the Bank of England is expected to follow suit later this week. Our regular economic commentator, Roger Bootle of Capital Economics offers us his assessment of the policy. And we hear about Brexit fears on the Costa Blanca, Spain, where retired British citizens tell us how the vote to leave the European Union is affecting their pensions. (Picture: A Volkswagen. Picture credit: AFP.)

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