World Business Report

Red Sea attacks: Greek vessel hit


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The crisis in the Red Sea shows no sign of easing as a Greek owned ship is attacked in the Red Sea. As the threat of attacks continues, some insurance companies are placing new restrictions on the shipping industry, and many ships are now diverting around the southern tip of Africa rather than taking the shorter route through the Suez Canal. We get the latest from the BBC’s Business Correspondent Jonathan Joseph

The inquiry into Britain's Post Office scandal continues - where hundreds of local post officials were prosecuted for stealing money which was in fact down to malfunctioning software. The system known as Horizon was developed by Fujitsu. Roger Hearing looks at how a company as big as Fujitsu could deal with the reputational damage that the scandal is causing.

And as De Beers makes some of the steepest cuts to its diamond prices in years, slashing prices by about 10 percent across the board, we look at the reasons why and what it tells us about the diamond trade.

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World Business ReportBy BBC World Service

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