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Travel Companies Blame Terror Attacks for Falling Demand

As Greek and Egyptian searchers say they have found remains from the crashed EgyptAir plane, travel companies report falling demand due to fears about terror attacks.

Greek and Egyptian searchers say they have found remains from the crashed EgyptAir plane that disappeared on Thursday. The aircraft was en route from Paris to Cairo with 66 people on board. The latest reports say seats, luggage and human remains have been recovered from the sea. The cause of the disaster has not yet been established but there are suspicions that this could have been a terrorist attack. Simon Calder is Travel Editor of The Independent. He explains how current security concerns are affecting travel bookings.

There's some rare good news for the beleaguered Brazilian national oil company, Petrobras. Its shares have rallied after the appointment of a new boss - the former government minister, Pedro Parente. Our South America Business Correspondent Daniel Gallas updates us from Sao Paolo.

If you have a sweet tooth and think nothing of adding sugar to your coffee or tea then spare a thought for Tanzanians. The country's facing a sugar shortage - despite being a relatively large scale sugar producer. So what's going on? The 大象传媒's Sammy Awami reports.

And we discuss the week's business news with Charles Forelle of the Wall Street Journal and Simon Kennedy of Bloomberg News.

(Picture: An EgyptAir plane is parked the terminal at Cairo International Airport. Credit: Getty Images)

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27 minutes

Last on

Fri 20 May 2016 17:32GMT

Broadcast

  • Fri 20 May 2016 17:32GMT