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

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

World Business Report: Ukraine economy 'could shrink by 8%'

02/10/2014

Ukraine economy 'could shrink by 8%'

BBC World Service - World Business Report, Ukraine economy 'could shrink by 8%'

Unrest in Ukraine could be doing more economic damage than previously thought.

Unrest in Ukraine could be doing more economic damage than previously thought, the World Bank says. Plus, IMF boss Christine Lagarde says the global economy is in a "new mediocre"

The World Bank says the economic damage wrought in Ukraine over the crisis in the east of the country could be much worse than previously thought. We hear from Olena Bilan, a Ukrainian economist at Dragon Capital in Kiev. Plus, the head of the International Monetary Fund, Christine Lagarde, says the global economy is in a "new mediocre" and that growth has been weaker than expected. Also does big business pay enough tax? It's a question we put to American economist Irwin Stelzer, as large American companies like Apple and Burger King face increased scrutiny over their activities overseas. Also the BBC's Rahul Tandon reports on how commercial sponsorship is increasingly a part of religious festivals in India. And finally we pay tribute to a wonderful colleague, Mark Whittaker, who has died at the age of 57.

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