German Business confidence at two year high
Tensions remain high due to the crisis in Ukraine but that's having little effect on German business confidence, according to the monthly Business Climate Index from Munich think-tank Ifo Institute. Most of the 7000 business executives responding to the survey say they're not expecting any negative impact on their businesses from the situation in Ukraine. We get details from top economist Hans-Werner Sinn.
Ecclestone on trial
Formula 1 motor racing mogul Bernie Ecclestone is facing corruption charges in a courtroom in Munich. He's accused of bribing a former German bank executive to sell a controlling stake in Formula 1 to a private equity group Ecclestone favored. The prosecution says Ecclestone paid the banker $45 million. If convicted, 83-year-old Ecclestone could go to prison.
Rana Plaza One Year Later
One year ago, more than 1,100 people died in the collapse of Rana Plaza, a building housing textile factories in Dhaka, Banagladesh. In the wake of the disaster, the international garment industry pledged to improve safety standards and compensate the victims and their families. One year later, not much has been done to improve safety and many of those who were injured and the families of those who died have received little if any compensation. So far, only half of a €29 million fund has been disbursed.