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World Business Report: First broadcast 2016/04/05 17:32 GMT: Panama Fallout: Iceland's Prime Minister Resigns

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Iceland's Prime Minister Sigmunder David Gunnlaugsson steps down

First broadcast 2016/04/05 17:32 GMT

First broadcast 2016/04/05 17:32 GMT: Panama Fallout: Iceland's Prime Minister Resigns

Panama Fallout: Iceland's Prime Minister Resigns

BBC World Service - World Business Report, Panama Fallout: Iceland's Prime Minister Resigns

Fallout from the "Panama Papers" tax scandal continues; Iceland's prime minister resigns and revelations emerge the Panama law firm had clients subject to international sanctions.

We talk to Egill Helgason, journalist and political commentator in Iceland about the resignation of the country's prime minister. Meanwhile, the Panamanian legal firm at the heart of the scandal kept clients who were subject to international sanctions. Evidence grows of involvement by the British bank HSBC. Plus, we find out why there's sour grapes between French and Spanish winemakers... and the South Korean import that's a big hit in New York beauty salons.

Image: Arnaldur Halldorsson/Bloomberg via Getty Images

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