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Business Matters: Migrant Crisis Erupts in Calais

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Migrant Crisis Erupts in Calais

29/07/2015

BBC World Service - Business Matters, Migrant Crisis Erupts in Calais

Two thousand migrants attempt to storm the Channel Tunnel freight terminal in Calais

Two thousand migrants attempted to storm the Channel Tunnel freight terminal in Calais on Monday night. Ford post profits of $2bn and Twitter's revenues are up.

Eurotunnel, the operators of the tunnel connecting England to France under the English Channel, says that about two thousand migrants attempted to storm its freight terminal in Calais on Monday night. The company described the scale of the incident as unprecedented. Britain's Home Secretary Theresa May has met with her French counterpart and has said both countries will be cooperating more closely to tackle the problem. We speak to Rory O'Keefe, who has lived and worked in refugee camps in Tunisia and Libya, to find out what drives people to such lengths.

Ford Motor Company posted profits of nearly $2bn on Tuesday, an increase of 44% in the second quarter of the year - all the more incredible a figure considering it's traditionally a slower time of year for car sales. The BBC's New York Business Correspondent Michelle Fleury shines a light on Ford's good fortune.

Twitter's numbers are up, too. While it is still not turning a profit, it has increased its revenues by 61% amid cynical commentaries that monetising its user-base is an impossible task. Larry Magid, a Silicon Valley journalist, tells us how it might be proving its doubters wrong.

And, as the Baby Boomer generation reaches retirement, we look at what it means for the US economy. Our guests today are Alex Frangos, Asia editor of the Wall Street Journal's Heard It On The Street in Hong Kong, and Mitchell Hartman, senior reporter at Marketplace in Portland, Oregon, USA.

(Photo: Migrants walk down railyway lines in Calais. Credit: AFP/Getty)

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