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World business report. Over a barrel. Can opec fire up the price of oil without fuelling its us shale rivals . Plus no rupee regrets. Indias Finance Minister defends his decision to scrap the countrys most popular banknotes. He tells us why the days of cash in hand are over. Welcome to World Business report. Im sally bundock. Also coming up a record close again on the s p500 how are markets trading in asia . Well be getting the latest from the region. We start with the price of oil. It affects us all and its future direction could be decided later today at a meeting of the worlds top producers. We are talking about opec, the organisation of the Petroleum Exporting countries. Thats the Gulf Countries led by saudi arabia, as well as others including iraq, iran ....
The clock is ticking in one of the largest Currency Experiments in the world. Yep today is the last day to exchange those bank notes abruptly scrapped by the indian govt last month. The Prime Minister calls it a success but what do ordinary indians think about it all . And the big boss of the worlds 3rd Largest Pension Fund looks set to be arrested for abuse of power and giving false testimony. Its just another sth korean Corruption Scandal were going live to seoul to get the latest. Welcome to World Business report im aaron heslehurst. If you are walking past the telly, stay where you are fought little bite of finance. Today is the last chance for indians to deposit, in banks, any of the cash, ....
Blisters bow and World Business report. Here is sally world of business now. Free cash if you get a job or not the finnish government tries paying the unemployed a basic income in a bid to get them back to work. And with india still reeling from the decision to scrap the countrys most widely used notes, modi announces plans to help those struggling with the move. Welcome to World Business report. Im sally bundock. Starting this year, finland becomes the first country in the world to pilot a basic income scheme. 2,000 Unemployed People in the country will begin receiving 560 euro thats 585 dollars every month from the state, with no strings attached. The government believes manyjob seekers are put off getting a job because they will lose benefits and therefore be worse off financially. Andrew walker has the details. A ....