Business Matters

Switzerland's Credit Suisse and Japan's Nomura have seen their shares take a sharp fall after warning they could face losses of billions of dollars. The two large banks lent money to crisis-hit US investment fund, Archegos Capital, which was forced to liquidate billions of dollars’ worth of shares last Friday. We hear from Financial Times Correspondent Ortenca Aliaj and financial lawyer Mark Berman. The US says it could impose 25% tariffs on British exports to the US after the UK levied a digital services tax on major technology companies; we get the details from Steven Overly, Global Trade and Economics Reporter at the Politico website. Also in the programme, the European Union’s recent ban of palm oil in biofuel for vehicles has angered top producing nations Indonesia and Malaysia. The BBC's Manuela Saragosa explains the politics of the vegetable oil. Plus, as the pandemic has led to a re-think of the working day, the BBC’s Peter Morgan looks at the practice of an afternoon nap and if it’s time to refresh o