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Business Matters: Migrant Crisis: Turkey and EU Reach Deal on Returns

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Migrant Crisis: Turkey and EU Reach Deal on Returns

19/03/2016 GMT

BBC World Service - Business Matters, Migrant Crisis: Turkey and EU Reach Deal on Returns

Under the deal, some Europe-bound migrants will be returned to Turkey.

Turkey has reached a deal with the EU which means that from midnight on Sunday, migrants arriving in Greece will be sent back to Turkey if their asylum claim is rejected.

Turkey has reached a deal with the EU that means that from midnight on Sunday, migrants arriving in Greece will be sent back to Turkey if their asylum claim is rejected. In return, Ankara has won concessions on the acceleration of its bid for EU membership, an increase in aid money and visa-free travel for Turkish citizens across the EU by June. We hear why some are pleased but others more cautious about the new deal.

Is a well-connected business family in South Africa too close to the government? It’s claimed that the Guptas exert so much influence over President Jacob Zuma, they even give out ministerial jobs. Former President FW de Klerk says nepotism and corruption under President Zuma is threatening democracy. South African journalist Tim Cohen reveals more about this powerful family.

Pile ‘em high sell ‘em cheap. It's a business model Chinese exporters have certainly employed a lot in the past. But for the last few years, Beijing has deliberately held back cotton from international markets, and stockpiled it instead to try and set a floor on prices. It's estimated that enough cotton has been stored to make 10 billion pairs of jeans. But now Chinese authorities are cottoning on to the fact that cotton doesn't keep forever and that this immense stockpile is at risk of losing value fast. So it's going to start auctioning it off over the next few months. Kai Ryssdal from our US partner programme Marketplace has been looking into how the sale will affect the global market.

One of Britain's national newspapers, 'The Independent' ceases publication next week, at least in its printed form. It's moving completely online after losing about seven million dollars over the past year. But local newspapers in some parts of the UK are flourishing. One such paper is the St Ives Times & Echo in Cornwall, which has been printing a weekly edition since 1899. We hear how the paper is succeeding in an increasingly difficult market. 

Presenter Susannah Streeter is joined throughout the programme by Sean Turnell, Economist at Macquarie University in Sydney, Australia.

(Picture: Migrants travelling by boat across the Mediterranean Sea. Credit: Getty)

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