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The latest business and finance news from around the world, on the BBC.

World Business Report: Troubled Malaysia Airlines is nationalised

08/08/2014

Troubled Malaysia Airlines is nationalised

BBC World Service - World Business Report, Troubled Malaysia Airlines is nationalised

The Government has taken control of Malaysian Airlines to save the carrier from collapse.

The Government has taken control of Malaysian Airlines to save the carrier from collapse. And how will foreign investors react to Kenya's extra taxes on mining and oil companies.

Malaysian Airlines is being taken under state control as the Government in Kuala Lumpur tries to save the troubled carrier from collapse. The airline has suffered a huge drop in revenues after the tragic loss of two aircraft this year. We hear analysis of the challenge of saving the airline from Sean Maffett, aviation analyst and a former navigator with Britian's Royal Air Force.

Kenya is considering levying a windfall tax on mining and energy companies, but could the plan deter foreign investors. Taipan Resources is listed on the Toronto stock exchange in Canada and it is one of a few energy companies exploring for oil in the north east of Kenya. We hear from the company's chief executive, Max Birley.

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