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Business Matters: Egypt Declares National Emergency

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15/08/2013

Egypt Declares National Emergency

BBC World Service - Business Matters, Egypt Declares National Emergency

Where next for Egypt's economy as violence returns to Cairo?

Where next for Egypt's economy as the government calls a month-long state of emergency amid violent clashes? And two former JP Morgan traders are charged over $6bn in losses

Hundreds of people have been killed and many more injured in clashes between state authorities and supporters of the ousted president Mohammed Morsi in Egypt. A month-long state of emergency has now been declared. And with banks, the stock exchange, and businesses closing, what impact is the latest violence having on the country's economy? 

US authorities have charged two JP Morgan Chase traders with fraud in connection to the $6.2bn "London whale" trading losses. The recession in the eurozone is over, with the single currency block registering a 0.3% increase in economic growth in the second quarter of the year. But not everyone's jumping for joy. We turn the airwaves pink as it's announced romance writer Dame Barbara Cartland will have over 100 new titles published some 13 years after her death. We talk to her publisher. Plus, we take a look at the new jobs that could soon become commonplace in the business world, we ask if the best leaders should be able to show weakness, and we go to Saudi Arabia where there's a housing crisis despite a construction boom in skyscrapers.

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