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Jan 10, 2017 • 56min

VW chiefs 'hushed up emission cheating'

The ongoing fall-out from the Volkswagen emissions scandal took another twist in the US today as court papers revealed VW executives knew about emissions cheating two months before the scandal broke. It follows the arrest at the weekend of Oliver Schmidt, who was in charge of VW's US environmental regulatory compliance office from 2012 until March 2015. He was arrested on Saturday on charges that he took part in a conspiracy to defraud the US and VW customers. The company has said it can't comment on an ongoing legal matter, but what might the latest details mean for VW in the United States? Professor John Coffee of Columbia Law School joins us. It's been divided for more than 40 years, but could the European island of Cyprus soon become a reunified, single state once again? We'll hear views from both the north and the south, and assess the chances of success with Christiana Erotokritou, parliamentary spokeswoman for the Democratic Party in the Republic of Cyprus. How far is too far when it comes to compromising corporate principles for hard-nosed business realism? When Apple removed the New York Times app from its store in China, there was a lot of angry commentary on social media. But are such compromises simply pragmatism - or are they self-censorship? Reporter Melissa Chan, familiar with both China and the US, gives us her view. And, come on, be honest, you're amongst friends here at Business Matters. Have you ever not been... strictly upfront with someone in work? Perhaps professed something they'd done was just fine at the exact moment you began hastily redoing that piece of work from scratch, all the while sobbing silently inside for the bus you are set to inevitably now miss? Well former Apple and Google employee Kim Scott reckons she has the answer, it's called Radical Candor, and it sounds... candid. Buzfeed's Jonny Ensall assesses its brilliance, brutality or perhaps both. The BBC's bastion of honesty, Fergus Nicoll is joined throughout the programme by the equally honourable Diana Furchgott Roth,the Washington-based former chief economist of the U.S. Department of Labor, and from Hong Kong by independent economist, and former Morgan Stanley & World Bank employee Andy Xie. Picture:Getty Images.
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Jan 7, 2017 • 56min

Russia Hacking Claims:Trump Says No Effect on Election

A US intelligence report says that the Russian president Vladimir Putin "ordered" a hacking campaign to help Donald Trump win the presidential election. The unclassified and cut-down version of the report was released shortly after Mr Trump was briefed by intelligence chiefs. John Bussey, Associate Editor of the Wall Street Journal in New York considers whether the President - elect is convinced about the hacking incidents.In the aftermath of Britain's vote to leave the European Union, the organisation is facing criticism that it's failed to sell a convincing vision for the future. Despite this, Serbia want to join the EU.. Under the leadership of Prime Minister Alexander Vucic, the country has undergone a major privatisation campaign - and is recording consistent GDP growth of nearly 3 percent. Vladimir Krujl is Serbia's Chief Economist for EU Accession - and when he came into the Business Matters studio Fergus Nicholl asked him why Belgrade is still hoping to join the EU.A free co-working movement launched in Sweden claims that working alongside strangers can make us more productive and even happier. This home/office hybrid is called Hoffice -and the BBC's Maddy Savage reports from one of their events in Stockholm.Fergus Nicholl is joined by Clive Hunton of ABC News in Canberra for comment throughout the programme,Photo credit: DON EMMERT/AFP/Getty Images
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Jan 6, 2017 • 56min

Chicago Facebook 'Torture' Video: Should there be more safeguards?

Several disturbing incidents have been streamed on Facebook Live, including one of a mentally disabled man being severely assaulted. Business Matters asks, whether with other sites like Periscope too, live broadcasting is now open to all - so is this a welcome expansion of free speech or a risky way of giving a vast audience to extremists and criminals? Jon Fingas, associate editor at Engadget comments.The farming community in Britain receive more than three and a half billion dollars a year from Brussels. But this will change when Britain leaves the European Union. Brexit is the theme for two farming conferences taking place at the moment. The BBC's Caz Graham got the views of some young farmers there about the uncertainty of what Brexit will mean for them.Roger Hearing is joined by Jason Abbruzzese, a Business Reporter at Mashable in New York, and Rosie Blau, China correspondent for the Economist in Beijing for comment throughout the programme.Photo Credit: JUSTIN TALLIS/AFP/Getty Images
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Dec 14, 2016 • 56min

What Will the World Make of New US Secretary of State Rex Tillerson?

As President-elect Donald Trump confirms the Chief Executive of Exxon Mobil, Rex Tillerson, as his choice for US secretary of state and the former Texas Gov. Rick Perry to lead the Energy Department, we look at the implications of the appointments, for both the United States and the rest of the world. Professor James Goldgeier is Dean of the School of International Service at American University in Washington DC and gave us his thoughts. Also in the programme, the BBC's Coletta Smith reports from Reykjavik, Iceland, on the country's place at the head of a global league table for gender equality. Plus we hear from Bill Gates who has just launched his latest start-up - a billion-dollar project to turn good clean energy ideas into successful money-making schemes. It's called Breakthrough Energy Ventures - and he talked about it with David Brancaccio of Marketplace on American Public Radio.As US debt approaches the $20trillion mark within weeks, possibly days, of Donald Trump's arrival in the White House, we discuss why this matters and the impact of excessive debt on the global economy. And they may be an aphrodisiac, but oysters certainly aren't seducing some of the locals on Rhode Island where public land is being turned into oyster farms. Marketplace's Andy Uhler went there to check it out. Andy joins us throughout the programme alongside Lingling Wei who China correspondent for the Wall Street Journal in Beijing.(Picture: Exxon Mobil CEO Rex Tillerson speaks as he and other top oil and gas industry executives testify during a Senate Finance Committee Credit: REUTERS/Kevin Lamarque)
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Dec 13, 2016 • 56min

Palm Oil Producers Battle Environmentalists

The big Palm Oil company Olam has been accused of using suppliers that may use unsustainable practices in parts of Southeast Asia and West Africa. The claims against the agricultural commodities trader were made in a report by a US-based environmental lobby group called Mighty Earth. The Singaporean company that has a majority share in Olam, called Temasek, insists that it's always been in support of ethical land clearance practices - and Olam itself has vehemently rejected the allegations. Glenn Hurowitz of Mighty Earth spoke to us from Washington DC.The Cuban government has signed a deal with Google's parent company - allowing the internet giant to provide faster access to its data by installing servers on the island that will store much of the company's most popular content. A little while earlier, another agreement was being signed between Cuba and the European Union - covering issues such as trade, human rights and migration. Will Grant is our Havana Correspondent - more from him on the Google deal.The world's largest oil producers have made a big money bet - agreeing to cut production in the hopes of boosting the price of crude oil - and refilling their dwindling Treasury coffers. Almost immediately, the price of crude went gone up to its highest level in almost two years. This strategy is a complete reversal of what was Plan A - pumping like crazy, not least in the hopes of driving upstart US shale oil companies out of business. So why have Russia, Kazakhstan and Mexico decided to work with OPEC? To assess the significance of the deal, the BBC's Rob Young talks to Chris Weafer at Macro Advisory in Moscow.One year ago, Saudi women were given the right to vote and run for office in municipal elections for the first time ever. Although municipal councils don't hold much power, many in the kingdom hoped it would bring about change. Hanan Razek has been looking at what's different one year on.Ageism in the workplace affects even the most glamorous of livelihoods. In Hollywood it's routine - well for women anyway. In music too - the latest evidence from Madonna as she received the Billboard Woman of the Year Award. Capping a list of music industry bigotry, she said - "And finally - do not age. Because to age is a sin. You will be criticized and vilified - and definitely not played on the radio." Now you'd think that a place like Silicon Valley in California - home to the likes of Google, Facebook and Apple - would be progressive ... beyond all that. But Lucy Kellaway of the Financial Times says what started out as a youthful vibe has indeed become outright ageism - an environment specifically designed to discriminate against the older worker.Hong Kong's pro-democracy groups have made strong gains in elections for the territory's Election Committee - a panel of 1,200 people that will choose Hong Kong's next leader. Pro-democracy groups fielded an unprecedented number of candidates this year, and have secured 325 seats, giving them significant negotiating power in the elections for Hong Kong's next leader. But pro-democracy campaigners like the lawyer Alvin Yu are annoyed that anti-establishment legislators are being targeted by pro-Beijing authorities. The Chief Executive elections will take place in March 2017. Hong Kong's financial secretary, John Tsang, has resigned from his position - but he's so far coy about plans to run for the top job. We get an update from Helier Cheung in Hong Kong.For a bit of musical levity to end the programme, it's worth considering that this year's Billboard CD sales may represent the final nail in the coffin of the music business as we know it. So who topped the list? Well it wasn't Drake. We are joined on the show by Anu Partanen, a Finnish journalist and the author of a book called The Nordic Theory of Everything, talking with us from New York. And our other guest is Catherine Yeung, the Investment Director at Fidelity Worldwide Investment, based in Hong Kong.(PHOTO CREDIT: Aerial view of an oil palm plantation, Borneo 04/02/2016 Science Photo Library)
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Dec 10, 2016 • 56min

Obama Orders Review of Attempts to Hack US Election

The Obama White House hasn't always had the easiest of relationships with the Kremlin during his eight-year tenure, and it doesn't look like it's about to get any cosier. And that's because President Obama has ordered US intelligence agencies to investigate all cyber attacks and alleged foreign interventions in US presidential elections - and he wants the results on his desk before he leaves the White House on January twentieth. It was of course alleged during the campaign that Russia was amongst those states looking to interfere in the election. Hannah Kuchler who covers cyber security for the Financial Times in San Francisco explains more. It's a country the size of a continent, but the potential sale of private land of more than 1 per cent of the Australian landmass has caused controversy. We'll hear why the purchase of the Kidman estate is causing such concern from Danny Samson live in Melbourne. Plus, the Malaysian delegation shopping in London for data-savvy professionals to boost its growing tech sector. And you've heard of L'oreal, Maybeline and Max Factor - but what about Suzie Beauty? We'll hear from Nairobi about the Kenyan make-up artists looking to join the big name brands on a shelf near you soon. How can we eat healthily, sustainably and yet still tastily? It's the conundrum governments, scientists and the industry amongst others are pondering at a fringe event at the Nobel Prize awards in Oslo. We'll hear from two of the delegates. The BBC's Fergus Nicoll will be joined throughout the programme by Danny Samson, Professor of Management at the University of Melbourne, in Australia.(Picture: President Barack Obama pauses as he speaks at MacDill Air Force Base Credit: AP Photo/Carolyn Kaster)
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Dec 9, 2016 • 56min

Corruption in Kenya: A Special Report

With the presidential election looming in the key East African economy of Kenya, the issue of corruption looks to be high on the political agenda. It was of course a key cornerstone of Donald Trump's US presidential election campaign, where he pledged to "drain the swamp" and rid Washington of corruption, so how bigger factor could it be in Kenya's presidential race? Vivienne Nunis reports from Nairobi. It's been described as the World's "forgotten war," yet the bloodshed in Yemen shows no signs of ceasing. Our security correspondent Frank Gardner reports from the Saudi Yemen border.Chief executive pay - it's a topic which regularly sees temperatures run high, and governments scratch their heads about how to control the gap between the highest and lowest earners. But now the US city of Portland in Oregon thinks it might have come up with an answer. The New York Times' Gretchen Morgenson tells us about the city's controversial new tax. The former British Prime Minister David Cameron says it cost him his job, but what's behind the rise in political populism across the globe? Our North America editor Jon Sopel takes a look. And, could there be a spy in your midst under the tree this Christmas? We'll hear about concerns that so-called "smart toys" are recording what our children say,and reporting it back to the software companies. The BBC's Roger Hearing will be joined throughout the programme by entrepreneur and author of The Business Secrets of Trappist Monks August Turak in Raleigh, North Carolina. And from Hong Kong by Andrew Peaple, Deputy Asia Finance editor for the Wall Street Journal.(Picture: Highrise buildings of downtown Nairobi are seen from Uhuru Park in Nairobi, Kenya. Credit: EPA/DAI KUROKAWA)
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Dec 3, 2016 • 56min

Italy prepares to go to the polls

Millions of Italians go to the polls on Sunday to vote on whether their constitution should be reformed. Lorenzo Codogno, former chief economist and director general at the Treasury Department at the Italian Ministry of Economy and Finance discusses whether the Prime Minister might be on the way out.The BBC's Guy Hedgecoe in Madrid reports on the pollution problem in Spain, and the decisions by the Mayors of Paris, Mexico City, Madrid and Athens to ban the use of all diesel-powered cars and trucks within a decade to improve poor air quality.As Barbados celebrates 50 years of independence, we ask Guy Hewitt, the High Commissioner for Barbados in the UK, why the country still retains free education and healthcare systems, in a difficult economic environment.The fashion and fragrance company Chanel warns that a planned high-speed train through the centre of France's perfume-making region will threaten production of its iconic product - Chanel No 5. Elizabeth Musmanno, President of The Fragrance Foundation in New York tells us what makes this particular scent so special.The BBC's Roger Hearing is joined throughout the programme by Peter Ryan, ABC Australia's Senior Business Correspondent. (Photo credit: Claudio Giovannini /AFP/Getty Images)
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Dec 2, 2016 • 56min

Donald Trump Begins Victory Tour Around the US

President- elect Donald Trump has begun a victory tour of US starting in the state of Indiana where he's taken credit for stopping a thousand jobs at an air conditioning firm Carrier from going to Mexico. Can Mr Trump live up to his campaign pledges - and does it matter? We asked economist Irwin Stelzer at the Hudson Institute. Food giant Nestle claims is claiming a breakthrough that will cut the sugar in its chocolate by 40 per cent. The company suggests it can scientifically 'restructure' the sugar without affecting the taste. Professor Julian Cooper, chair of the Scientific Committee at the UK Institute of Food Science and Technology, explains the implications. About 10 million turkeys are consumed in the UK over the festive season. Rearing the birds however isn't as easy as you might think with natural predators like foxes providing a constant threat. Elizabeth Hotson has been finding out about a rather novel solution to the problem.Business Matters is joined from Washington by Michael Brune, Executive Director of the environmental organisation the Sierra Club and Madhavan Narayahan, columnist and writer in India for comment throughout the programme.(Picture Credit: Tasos Katopodis/Getty Images)
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Nov 30, 2016 • 56min

Crunch Time for Opec

On Wednesday morning in Vienna OPEC is holding a meeting, aimed at halting the biggest decline in oil prices for a generation. Back in September, the Organization of Petroleum Exporting Countries reached a tentative agreement to restrict output - but they still haven't hammered out individual output targets for each nation. We spoke to Amrita Sen of Energy Aspects about the biggest and most influential producer - Saudi Arabia.The old certainties about politics in America have been turned on their heads, including the twin beliefs that organised labour delivers votes for the Democratic Party candidate, while evangelicals deliver votes for the GOP. This time round things were less cut and dried, as Mitchell Hartman of Marketplace reports. Lithium - or white petrol as it's becoming known - is a hot commodity. Demand for the metal could triple in the next ten years - driven particularly by a rise in demand for batteries in products like smartphones, laptops and electric cars. On Tuesday a group of leading carmakers - including Ford, BMW and Porsche - announced they wanted to build a Europe-wide network of charging stations for electric vehicles - and that's music to the ears of lithium producers like the Canadian firm Wealth Minerals. The company's chief executive Henk Van Alphen spoke to the BBC's Jon Bithrey.A group of American developers has chosen a patch of countryside in the Netherlands to build a self-sustainable eco-village. Its marketing pitch is pretty straightforward -off the grid and the ideal antidote to the crazy congested urban lifestyle, as Anna Holligan reports.(PHOTO CREDIT: OPEC logo shown at an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo)

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