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


US Hits China With New Steel Import Duties

May 18th, 2016

Episode 725 of 1091 episodes

China has reacted angrily to the imposition of a 522% US tariff on cold-rolled steel. Steel analyst Peter Brennan from S&P Global Platts fills us in on the likely impact of the row. Also in the programme, there are protests in Nigeria as its cash-strapped government imposes a big hike in petrol prices. We discuss Nigeria's challenges with Uzoma Dozie, chief executive of Diamond Bank. Zimbabwe is introducing 'bond notes' to be used as an IOU based on the dollar. The BBC's Brian Hungwe reports on whether they will stem a cash shortage in the country. Plus we find out why Sweden's celebrated technology startups are threatening to pack up their smartphones and leave. And the BBC's Aaron Heslehurst reports from on board the world's largest cruise ship, MS Harmony of the Seas, which is about to embark on its maiden voyage.

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