Episode

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

Website

Toshiba Slumps on Nuclear Business Woes

February 14th, 2017

Episode 954 of 1091 episodes

Toshiba was once one of the shining jewels of Japanese global commercial dominance; a big name in electronics, cars, lifts and railways. Now, it is a business in crisis - the chairman has resigned and it has predicted a loss this year of $3.4 billion. The reason? An unwise investment in nuclear power generation across the world, especially in the US. We spoke to the BBC's Japan correspondent Rupert Wingfield-Hayes. Meanwhile, Rolls Royce also posts huge losses after a fine for corruption puts a big hole in their finances. So is the industry clean now? We talk to Barry Vitou, partner at the city of London law firm Pinsent Mason, who specialises in fraud cases. (Photo Description: Toshiba's headquarters in Japan. Photo Credit: Toru Yamanaka/ AFP/ Getty Images)

Featured Podcast

Listen