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Business Matters: Two Airlines Suspend Flights to Venezuela

News

Two Airlines Suspend Flights to Venezuela

31/05/2016 GMT

BBC World Service - Business Matters, Two Airlines Suspend Flights to Venezuela

Two airlines suspend flights to Venezuela because of the worsening economic situation

The largest airline in Latin America, Latam, is suspending flights to Venezuela because of the worsening economic situation. It follows a suspension by Germany's Lufthansa.

The largest airline in Latin America, Latam, says it is suspending flights to Venezuela because of the worsening economic situation. A day earlier, Germany's Lufthansa airline said it would suspend its flights to Venezuela next month because the country owed it millions in ticket revenue. We hear from Alan Bowen an international travel consultant who advises global tour operators. 

In centuries past, the palm's exotic leaves made it an ideal ornamental plant. These days it is the tree's fruit that everyone is interested in. The oil it produces is found in about half of all packaged products sold in supermarkets - from food to consumer goods. That is because palm oil is highly versatile and edible. Also it is cheap and grows easily - you just need land. But at what cost? The BBC's Manuela Saragosa reports.

The proposed $62 billion marriage of the German chemicals giant Bayer with the GM crops maker Monsanto of the US is the largest cash takeover of all time. Monsanto's value is based on being the world leader in changing the DNA of plants. However its critics fear the technology could have negative long term consequences for the environment and human health. Professor Stefanie Engelstein of Duke University explains why the German public are deeply sceptical of the merger.

It is graduation season in the US and a survey by the national association of colleges and employers says it is a good time to be one, as this year you have a much better chance of getting a job. We hear from Andrea Koncz, the organisation's research director.

India's richest cricket league, the IPL, finished this weekend and one of the movie industry's biggest blockbusters Housefull Three will be released later this week. Is Bollywood now ready to take on cricket? Dr Rajinder Dudrah, an expert on the Indian film industry gives us his view. 

Plus, the BBC's Juliana Liu joins us live from Hong Kong to tell us what has been going on in Asia.

We are joined throughout the programme by two guests on opposite sides of the Pacific -  August Turak in North Carolina in the US and Li Shuo in Beijing 

(Photo: A plane in the sky. Credit: Dan Kitwood/Getty Images)

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