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Business Matters: Trump Prepares for Keynote at Republican Convention

News

Trump Prepares for Keynote at Republican Convention

22/07/2016 GMT

BBC World Service - Business Matters, Trump Prepares for Keynote at Republican Convention

Donald Trump is poised to accept the Republican nomination.

Donald Trump is poised to accept the Republican nomination for president in the biggest speech of his political career so far.

After almost a year of primaries, debates, arguments, insults, scandals and boycotts, America's second oldest political party has chosen its candidate for the White House, and is about to present him to the nation with his keynote speech. This Republican convention in Cleveland, Ohio, has been anything but conventional. We get the latest there from Fergus Nicoll. 

Just as conservative America is having its biggest political gathering in Cleveland, the head of its favourite TV station has announced his resignation. Roger Ailes had led Fox News to become one of the most influential cable networks in the country. He resigned after allegations of sexual harassment by one of his former TV anchors - Gretchen Carlson, She said Mr Ailes had sabotaged her career because she refused his advances. He had denied the allegations. Jeff Jarvis, journalism professor at the City University of New York tells us what he thinks this means for the future of the network.  

Cars are normally expensive in two ways. First of all they cost a lot of money to buy - and then you have to fill them up with expensive petrol or diesel. But not the latest version of the Nissan Leaf. A model has just gone on sale in Kenya that costs a mere ten-thousand dollars.  And it's an electric car that is fuelled, at least in part, by solar panels on the roof. Our reporter Anthony Irungu went along to the launch.

The international foreign currency exchange market has taken a battering recently.  The arrest of an HSBC executive by US officials over accusations of what is called front-running is only the latest scandal - they are said to have bought pounds ahead of a customer's $3.5bn sterling purchase and resold it to the client at higher prices. By doing so, the Department of Justice alleges, the traders made $3m in profits and HSBC received $5m in improper fees.  Some, like Andre Spicer of the Cass Business School at City University in London, say it is symptomatic of a largely unregulated and out-of-control global forex market.

All this and more discussed with two guests on opposite sides of the Pacific: Satyajit Das, writer and former banker, who's in Sydney, and Diane Brady, business journalist in New York.

(Photo: Donald Trump (2nd L) tests the teleprompters and microphones on stage before the start of the fourth day of the Republican National Convention. Credit: Getty.)

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