Anglo American slashes 85,000 jobs
One of the world's biggest mining companies Anglo American says it's going to shed 85,000 jobs. We find out how the dramatic restructuring will affect operations in South Africa.
One of the world's biggest mining companies Anglo American says it's going to shed 85,000 jobs - two thirds of its workforce. We find out how the dramatic restructuring will affect its huge operations in South Africa. Shares in Anglo American ended down by more than 11% today. The collapse in the prices of commodities like copper, platinum and iron ore has slashed profits at the firm and it now needs to claw back cash. We hear from the BBC's Africa Business Correspondent Lerato Mbele in Johannesburg.
Environment ministers from around the world are still trying to thrash out the finer details of the draft agreement put on the table at the Paris climate talks. As those negotiations continue, the BBC's Ed Butler has been talking to some of the many business leaders who are in the French capital for the summit.
Imagine a country where everyone was paid hundreds of dollars a month - regardless of whether they work or not. Would you see that as a utopia or a nightmarish scenario where the work-shy were rewarded? Finland is going to try out the idea and will run an experiment offering a regular tax free monthly payment for citizens. A sum of just over $850 a month would replace all other benefit payments. The idea is to help reduce the country's high unemployment, by encouraging people back to work. We hear from Ollie Kangas, the Director of Research at the Finnish Social Insurance Institution.
And we hear how 1970s rock group the Eagles managed to beat Beyonce in terms of earnings this year. Katy Perry was the best-paid musician, edging out teen favourites One Direction. We hear from Zack O'Malley Greenburg at Forbes, who compiled the list.
Picture: A miner climbs a mining tractor. Picture Credit: Getty Images