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Deutsche Bank to cut 18,000 jobs

Germany's Deutsche Bank is retreating from investment banking in a cost-cutting drive.

Germany's Deutsche Bank is retreating from investment banking in a cost-cutting drive. 大象传媒 business editor Simon Jack tells us what has gone wrong for the firm, and Patrick Rioual, banking analyst at the credit ratings business Fitch in Frankfurt, explains how the news is being received in Germany. Also in the programme, the latest evidence shows the pace of deforestation in the Amazon rainforest is accelerating, as a new government in Brazil favours development over conservation. Andre Guimaraes is executive director of the Amazon Environmental Research Institute in Brasilia, and argues the government needs to do more to tackle deforestation. Vanderley Wegner is a leading figure in Brazil's farmers' union in the city of Santarem, and says his country's farmers should be allowed to clear trees to make way for agriculture, as farmers did in other countries previously. And Andrea Freitas, a political scientist at the State University of Campinas, discusses the impact agribusiness has on the government of Brazil's president, Jair Bolsonaro. Plus our regular workplace commentator Heather McGregor at Edinburgh Business School wonders whether the workplace skills of the future will be honed on the computer games of today.

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26 minutes

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