US bank Wells Fargo Wells Fargo has been fined a billion dollars for charging its customers for services it didn't provide. We get analysis from Chris Low of FTN Financial in New York as well as his take on the day's trading on Wall Street.
Australian Bank Inquiry Ousts Executive Amid Fee Scandal
The head of Australia's largest wealth manager, AMP, has resigned. Peter Ryan is senior business correspondent for ABC in Australia, and explains how AMP had been charging fees for services it did not provide. Also in the programme, the South African president Cyril Ramaphosa has returned home early from the Commonwealth conference in London to deal with unrest in the North Western Province. The BBC's Pumza Fihlani in Johannesburg gives us the background. We have a report from Paris on a scheme that offers a cash incentive to people to scrap their car in favour of bicycles or public transport. Plus we look back at the rest of the week's big business stories with Stephanie Baker of Bloomberg in London and Jessica Dye of the Financial Times in New York.
IMF Issues Warning On Global Debt
The International Monetary Fund says that high global debt is a concern. The BBC's Kim Gittleson gives us the latest from the IMF and World Bank Spring Meeting in Washington DC. All three key US share indices fell on Thursday. Cary Leahey of Decision Economics in New York tells us why.
UK Plastic Straw and Cotton Bud Ban Proposed
A consultation is being undertaken to consider a UK ban on plastic straws and cotton buds. Rebecca Newsom is head of politics at Greenpeace UK, and gives us her reaction. And we hear about efforts in India to get rid of plastic products. Also in the programme, as the Commonwealth Heads of Government Meeting gets underway in London, our regular economic commentator Roger Bootle of Capital Economics considers the economic impact of the organisation. Entrepreneur Elon Musk has advised his staff to walk out of meetings that are going on too long. Business advisor Alison Edgar tells us whether that is sound advice. Plus, ahead of an exhibition about the Spice Girls this summer, collector and curator Alan Smith Alison tells us why memorabilia from the band is still so sought after.
Cuba Nominates Castro Replacement
The parliament in Cuba has picked Miguel Díaz-Canel as the sole candidate to succeed the 86-year-old Raúl Castro as president - bringing six decades of Castro nearly to an end. We hear from the BBC's Will Grant in Havana. And Saudi Arabia has screened its first Hollywood film for almost 40 years. Anu Anand reports. Plus we hear the latest on the US markets from Doug McIntyre of 24/7 Wall Street.