Slightly. And would you pay to use an airport lounge. Access is often a perk for business and first class travellers, but with more of us looking to travel on the cheap, we are speaking to the man who wants to pamper us before we off. Today we ask the question after a potato shortage hits new zealand, sparking a crisp crisis. How much would you be willing to pay for a packet of crisps . Could you live without them . Hello and welcome to business live. Europes airlines are struggling like never before. Three have gone into administration this year alone and one of those alitalia is up for sale, but the big question is can anyone save italys nationalflag carrier . The airline currently flies to over 80 destinations around the world and its fate is being closely watched. Bids for the airline were coming to an end today but thanks to yet another last ditch intervention from the government it has been given more time. In february this year, alitalia had debts of around 3. 3. Three months la
Debt crisis in greece is back in focus. Well tell you all you need to know. And well be getting the inside track on one mans effort to make musical millions. It might look like a kids toy, but with some of the biggest names in music want to get their hands on it, we meet the man behind the lightblock pad. So today we want to know, what was your first Musical Instrument . Did you learn at school . Let us know. Just use the hashtag bbcbizlive. Welcome to Business Live. Violin. It was good, bad and ugly we begin with us President Donald Trump who is about to leave saudi arabia on his way to israel. Thats his next stop on his foreign tour. Over the weekend in riyadh he signed agreements Worth Hundreds of billions of dollars between saudi and american firms. The deals are said to be worth more than 350 billion over the next ten years and build on americas decades Long Alliance with the Worlds Largest oil producer. Now saudi arabia is trying to diversify its economy away from oil after Crude
It is time to catch up with all the Business News in World Business report. Stories. How does a country survive without big banknotes . Well find out when the Indian Government releases Economic Growth figures later today. And its almost like a game of hide and seek. Passengers involved in the disruptions of ba flights over the weekend desperately seeking their luggage, luggage. Hello and welcome to World Business report. Im susannah streeter. In a minute well take a snapshot of the chinese economy, but first, in a few hours time, the latest official statistics are expected to show that india has retained its crown as the Fastest Growing major economy in the world. Economists are predicting that india expanded at an annual rate of 7. 1 in the first three months of the year. Now, this compares with growth of 6. 9 for china. The resilience of the Indian Economy will come as welcome news to Prime Minister narendra modi, following the countrys landmark demonetisation programme. Towards the
The trial of samsungs boss continues today, adding another chapter to the scandal that has gripped south korea. And well take a sneak peek at how airlines are attracting Business Travellers to splash their cash in the skies. Good morning, asia. Hello, world. Im rico hizon for Asia Business report, glad you could join us, the era parent of samsung is going to court today in what is considered to be south careers trial of the century. Hes accused of bribing the countrys president and century. Hes accused of bribing the countrys president and in century. Hes accused of bribing the countrys president and in return for business favours. Earlier i asked Jake Saunders whether the scandal is impacting the bottom line. Close friend. If you look at the stock market, no, everything is fabulous there, it is an upward trend, looking at the revenue of samsung electronics, over the last three years it is quite flat, doing about 175 billion. Why is there a disconnect between the stock price, which has
Prices have been rocketing in china. Is that suddenly we should be concerned about . Rico hizon will make sense of that for you in a moment. But we start in seoul, where the trial of the century is getting started. The head of the biggest company, samsung, is on trialfor bribery. Samsung might be a household name, globally, but his bossis household name, globally, but his boss is not. So what we know about him . He is the boss of the company, jay y lee, but is known by south korean media as the crown prince of samsung. That is because he is the only son of the chairman, lee kun hee, who was convicted of bribery and tax evasion himself, but was pardoned. So jay y lee has been in charge since his father had a heart attack in 2014. He has been the de facto boss. So the lee family are phenomenally wealthy. You can see the figure behind me. Forbes magazine ranking them asias richest Family Last Yearfor Magazine ranking them asias richest family last year for the second year ina family last