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1MDB: Malaysia Seeks to Recoup Goldman Fees

Malaysia wants investment bank Goldman Sachs to refund fees it charged for work on 1MDB

Malaysia wants investment bank Goldman Sachs to refund fees it charged for work on 1MDB. Tom Wright has been following the story for the Wall Street Journal in Hong Kong, and tells us if the bank is likely to capitulate on charges related to its work with the Malaysian state fund. Also in the programme, Italy continues to dig in its heels over its budget dispute with the European Union. We discuss the likelihood of a new Eurozone crisis with Sebastian Dullien of the European Council on Foreign Relations, and Roger Bootle of Capital Economics. The International Energy Agency is forecasting demand for energy to grow by a quarter by 2040. Bosun T is founder of Co Creation Hub in Lagos, Nigeria, and tells us how challenging the lack of constant electricity is for his business, and Fatih Birol, director of the IEA explains how his organisation sees the world adapting to more renewable sources of power. Plus, against a backdrop which saw close to 500 pubs close in the UK in the first half of this year, our reporter finds out why some pubs are bucking a trend of falling sales.

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26 minutes

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