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World Business Report: First broadcast 2019/07/08 00:06 GMT: Greek elections: Centre-right regains power

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First broadcast 2019/07/08 00:06 GMT

First broadcast 2019/07/08 00:06 GMT: Greek elections: Centre-right regains power

Greek elections: Centre-right regains power

BBC World Service - World Business Report, Greek elections: Centre-right regains power

Greece's Prime Minister has conceded defeat in the country's snap general election.

Greece's Prime Minister Alexis Tsipras has conceded defeat in the country's snap general election.

Greece's centre-right opposition party New Democracy has won the nation's snap general election.
With most districts counted, Prime Minister Alexis Tsipras admitted defeat to his rival, Kyriakos Mitsotakis. The Greek-born British economist Vicky Pryce explains where the country’s economy needs to go from here.
Also in the show, Deutsche Bank will cut 18,000 jobs over three years as part of a radical reorganisation which will significantly shrink its investment banking business. German banking expert Richard Werner says this could be good news for the sector overall.
African superpower Nigeria has signed an agreement which aims to increase trade between African countries. This leaves Eritrea as the only African country not to be part of the trading bloc. Nigerian President Muhammadu Buhari signed the landmark agreement at the African Union (AU) summit in Niger. Scotland, Ireland and Iceland continue to battle over fishing rights around Rockall, an uninhabited island in the North Atlantic Ocean. 

(Picture: Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis greets supporters after winning the parliamentary elections at the New Democracy headquarters on July 7, 2019 in Athens, Greece. Picture credit: Milos Bicanski/Getty Images)

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First broadcast 2019/07/08 00:06 GMT: Greek elections: Centre-right regains power

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