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


South Korea President Faces Impeachment

November 24th, 2016

Episode 886 of 1091 episodes

A vote to impeach South Korea's President, Park Geun-Hye, could take place as early as next week, as a growing number of ruling party politicians have endorsed a campaign by the opposition to oust her. The South Korean leader is mired in a scandal involving her friend Choi Soon-Sil, who is accused of orchestrating a conspiracy to persuade businesses to donate millions of dollars to funds controlled by the president. Dr John Nilsson-Wright, a senior research fellow, with the Asia Programme at Chatham House, tells us more about the background to the unfolding scandal and its impact on the South Korean economy. Finding ways to prevent illegal immigration will challenge the next US President Donald Trump, especially as he ponders a growing migration crisis south of the border in Mexico. Growing numbers of people, including entire families, are fleeing gang violence and poverty in countries like El Salvador, Honduras and Guatemala. They are heading north to Mexico with the hope of eventually finding a new life in the United States. The BBC's Katy Watson has witnessed the impact of refugees in Mexico City. She also saw the scale of the problem when she traveled to Honduras. Duncan Wood, a director of the Mexico Institute at the Wilson Center in Washington, also explains how a new surge in migrants heading from central to north America is predicted over the coming months. Along with his fellow American citizens, President-elect Donald Trump has probably been enjoying the US Thanksgiving holiday, following a divisive and bitter campaign. However in preparation for taking over the leadership of the world's biggest economy in January, Mr Trump has been choosing the team that will advise him. Speculation is rife that the property tycoon, who has no political experience, will appoint the billionaire investor Wilbur Ross as Secretary of Commerce. Pippa Malmgren, a former economic adviser to President George W Bush, tells us more about Wilbur Ross. The skies continue to get darker for Kenya Airways, following the departure of its chief executive, Mbuvi Ngunze, who was under pressure to quit after a strike by the carrier's pilots. The chief executive's exit follows the resignation of the chairman last month, from an airline which is deep in the red. The BBC's Idris Situma in Nairobi brings us up to date on events surrounding another troubled African airline. The biggest online travel service in China, C-trip, has unveiled plans to buy the British travel search website Skyscanner, for $1.7 billion. Skyscanner is a search engine for flights, hotels and car rental and it is available in 30 languages. Martin Alcock, a consultant to the international travel industry, gives us his take on the deal and its impact on the sector.

Featured Podcast