World Business Report

BBC World Service

Business, Business News, News & Politics

Chart Positions

Business News 40

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


VW Reaches Deal with US Over Emissions Scandal

April 21st, 2016

Episode 703 of 861 episodes

German carmaker Volkswagen will pay "substantial compensation" and buy back more than half a million cars in the US as part of a deal to settle the diesel emissions scandal. Keith Lang, the Washington Correspondent of the Detroit News, gives his reaction. Also on the programme, Canada is legalising marijuana for recreational use. We hear from one of the companies who see the move as a business opportunity. Ali Al-Naimi, Saudi Arabia's oil minister for the past two decades, was sidelined during the recent Doha conference of oil producers by Saudi's deputy Crown Prince, Prince Mohammed. Economist Irwin Stelzer of the Hudson Insitute gives his view on Mr Al-Naimi's weakened status and what this means for the country. An official investigation has cleared President Zuma of South Africa of longstanding corruption allegations. The allegations relate to a $1.4bn deal to buy military equipment from Europe in the late 1990s. The BBC's Karen Allen in Johannesburg looks at whether this latest development draws a line under the allegations. And, on the Queen's 90th birthday - we ask what the secret is to enjoying work into your tenth decade. Alex Ritson presents.