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Iceland's president warms to using Arctic resources

The president of Iceland says using Arctic resources should be "on the table." And the government of Andorra has taken control of a bank, accused of money laundering by the USA.

The president of Iceland, Olafur Ragnar Grimsson, says using Arctic resources should be "on the table." The Icelandic leader tells World Business Report that the Arctic is bigger than people realise and as the oil giant Royal Dutch Shell renews efforts to drill in Alaska we hear the concerns of Charlie Kronick, the Senior Arctic Campaigner with Greenpeace.

The government of Andorra has taken control of a bank, accused of money laundering by the authorities in the USA. The US Treasury claims Banca Privada D'Andorra, or BPA, laundered money for criminal groups in China, Russia and Venezuela. Vladimir Fernandez, the founder of the Alpha Capital, in Andorra explains how the country has reacted to the decison of the government to dismiss the bank's directors and take control of the company.

Lohan Presencer, the Chief Executive of Ministry of Sound also joins us to explain why he wants Youtube to erect a paywall and charge people to view music videos.

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28 minutes

Last on

Thu 12 Mar 2015 17:32GMT

Broadcast

  • Thu 12 Mar 2015 17:32GMT