No end in sight for cost of living – says World Trade Organisation
World Business Report - Podcast autorstwa BBC World Service
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The director-general of the World Trade Organisation has said she expects the cost of living crisis to continue for another two years. We hear from two countries that are facing economic challenges Pakistan and Somalia. The economic losses from the Turkey-Syria earthquake could reach $4 billion. The government did have a system sort of built in to try and pay for a natural disaster like this but we hear how it hasn't gone to plan. Disney has announced it'll be laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year. The layoffs follow similar moves by other US tech giants.