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Business Matters: The Drama Continues at Embattled Deutsche Bank

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01/10/2016 GMT

The Drama Continues at Embattled Deutsche Bank

BBC World Service - Business Matters, The Drama Continues at Embattled Deutsche Bank

Shares in Deutsche Bank have another rollercoaster day after a turbulent week.

After a shaky start, shares in Deutsche Bank rose at the end of the day due to hopes a settlement could be reached on a $14bn fine proposed by the US Department of Justice.

The problems continue at Deutsche Bank. On Friday morning shares in Germany's biggest lender fell sharply on news that a number of big investors had pulled their business.  The share price rebounded later but the whole scenario has raised questions about the health of the bank, prompting speculation that the German government may have to rescue it. We hear from Michael Kemmer, General Manager of the Association of German Banks and John Kay, a renowned UK economist. 

From today the United States government will relinquish its influence over the organisation that handles the internet's address book - the Internet Corporation for Assigned Names and Numbers, or ICANN. It might sound unremarkable but the move has provoked significant dissent in the States from those who see it as America's "internet surrender". The BBC's technology reporter Dave Lee in California explains its significance.

You might know that Jamaica's the birthplace of Bob Marley and home to the fastest man in the world Usain Bolt; you might not know the island boasts some of the greatest biodiversity in the Caribbean and a burgeoning food scene. The Jamaican government wants more people to find this out for themselves and aims to double tourism earnings to five billion dollars by 2021. The man in charge of this is the tourism minister Edmund Bartlett who tells us about Jamaica's strategy. 

While things have improved diplomatically between Cuba and the US, in Cuba itself many think that economically there is little change. If the thaw is to move forward, they argue, the next step must be the lifting of the US economic embargo on the island. The BBC's Will Grant travels to one place the effects of the US embargo are most keenly felt; the countryside.

This has been the week where we saw the first presidential debate between Hillary Clinton and Donald Trump. As expected the economy was centre stage. In particular manufacturing and jobs are the big issue. And that's what our partner programme Marketplace over in the U.S. has been turning its attention to this week. Presenter Kai Ryssdal has been to Rochester in New York state to have a look at manufacturing's past and present.

There's been some great news for the art world. Two Vincent van Gogh paintings that were stolen from a museum in Amsterdam more than a decade ago have been recovered by Italian police in Naples. The paintings, View of the Sea at Scheveningen, painted in 1882, and Congregation Leaving the Reformed Church in Nuenen, painted in 1884, were discovered after allegedly being hidden away in a house affiliated with an international drug trafficker. We hear from Julian Radcliffe, founder of the Art Loss Register which tracks and recovers stolen works of art.

We pore over the big stories of the week with Bloomberg's Gadfly columnist Mike Regan in New York, and in London, by Sam Jones, defence and security editor at the Financial Times.

And we're joined throughout the programme by Peter Ryan in Sydney. He's Business editor of current affairs for ABC radio.

Picture Description: The headquarters of Deutsche Bank stand on September 26, 2016 in Frankfurt, Germany. 
Photo Credit: Hannelore Foerster/Getty Images.

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