World Business Report

Nestlé is the world's largest packaged food and drink company, but after a turbulent period it has announced plans to cut 16,000 jobs over the next two years. But after selling its water division for €5bn earlier this year, will it lead to the Swiss conglomerate slimming down further? Andrew Peach finds out why the US Chamber of Commerce is trying to stop the Trump administration charging businesses US$100,000 for each foreign skilled worker visa. Elsewhere, Japan is known for its political stability, but amid numerous economic challenges, could a new prime minister be the answer to its problems? And what's all the fuss about with Microsoft's first-ever handheld Xbox console? The latest business and finance news from around the world, on the BBC. (Picture: The Nestlé logo is seen during the opening of the 151st Annual General Meeting of Nestlé in Lausanne, Switzerland on 12th April, 2018. Credit: Reuters / Pierre Albouy.)

US President Donald Trump has said Indian Prime Minister Narendra Modi has agreed to stop buying Russian oil, but the Indian government isn't completely in agreement with the American President's comments - stating that talks were 'ongoing'. Also the world's biggest packaged food and drinks company Nestlé has announced big job cuts. And is Microsoft's new hand-held Xbox games console worth the money? Presenter: Hannah Mullane Producer: Victoriya Holland Editor: Stephen Ryan

New official data shows that prices in China are falling again. The producer price index, which measures the amounts charged by factories, has been negative for three straight years and last month it declined by 2.3 per cent year-on-year. Meanwhile, with consumer prices also down during a holiday month, is the world's second largest economy stuck in a hole, and how hard will it be to fix? Elsewhere we hear about the economic turmoil and rising living costs over the past year in Indonesia that's caused violent protests. And Ed Butler speaks to Professor Sir Cary Cooper on why Germany wants to put its pensioners back to work. The latest business and finance news from around the world, on the BBC.

It's been welcomed by small businesses but comes with new tariff costs. More than a billion small parcels were sent between India and America last year. What will a $20 billion currency swap deal mean for Argentina? And Greece proposes a workday which could run for up to 13 hours.

The IMF's latest report acknowledges that US growth has actually been stronger this year than it was expecting. But with a government shutdown entering a third week, we see some worrying signs for the world's largest economy. Also why France is giving up on its plans to increase the retirement age? And President Trump has welcomed Argentina's liberaltarian president, Javier Milei, to the White House, days after the US agreed to provide major financial help. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.