German Chancellor Angela Merkel's CDU party is voting to choose its next leader. The BBC's Damien McGuinness is in Berlin and brings us the latest developments. Also in the programme, the Gulf Cooperation Council is holding a summit in Riyadh over the weekend. Given tensions between Qatar and other members of the council, we ask Wadah Khanfar of the al-Sharq Foundation what the point of the GCC summit is. We travel to the Indian state of Punjab to meet an entrepreneur who provides intricate needlework badges to military service men and women across the globe. Plus we look back at the rest of the week's big business stories with Lisa Abramowicz of Bloomberg in New York, and Lianna Brinded, head of Yahoo Finance UK in London.
Update: Wall Street Recovers After Global Sell Off
Global markets endured a tumultuous day of trading after the arrest of a top executive at Chinese telecoms group Huawei fanned concern over the US and China's ability to maintain their trade truce. Susan Schmidt of Aviva gives us her analysis.
Huawei Executive Arrest May Worsen US-China Relations
The arrest of a Chinese company executive could worsen relations between the US and China. Emily Taylor is an associate fellow at the Chatham House think tank, and considers the likely impact of the arrest in Canada of Huawei's chief financial officer, Meng Wangzhou. Also in the programme, with the outcome of next week's vote on the UK government's Brexit deal still uncertain, we find out from Craig Beaumont of the Federation of Small Businesses what preparations companies are making for the various potential Brexit scenarios. The word voluntourist describes a foreigner who goes to a poorer country to do well-meaning voluntary work, but our reporter asks whether voluntourists may be doing more harm than good. The Mission Impossible actor Tom Cruise is urging TV users to switch off a feature called motion smoothing to improve the viewing quality of blockbuster movies. Caroline Frost is TV chair at the Broadcasting Press Guild and tells us whether Mr Cruise has a point. Plus Indian singer and songwriter Babbu Maan discusses the entertainment business in India.
World's Biggest Oil Producers Discuss Output Cuts
A meeting of the world’s biggest oil exporters will discuss cutting output to help shore up prices. Saudi Arabia and the rest of the Organisation of Petroleum Exporting Countries, Opec, are meeting in Vienna over the next few days along with Russia. Amrita Sen at Energy Aspects is in Vienna for the meeting. Also in the programme, CO2 emissions are expected to reach a record high this year. The BBC's Matt McGrath reports from the United Nations' annual climate change conference in Poland.
Takeda Shareholders Back $59bn Shire Takeover
A big takeover deal in the global drugs industry has moved a significant step closer. As shareholders in the Japanese firm Takeda give the green light to its $59bn purchase of Irish rival Shire, public health policy expert professor David Taylor, of University College, London, tells us what it will mean for patients. Also in the programme, we have a report from the Spanish port city of Barcelona about efforts to bring illegal immigrants out of the shadows. With global equity markets confused about the significance of last weekend's reported trade truce between the US and China, our regular economic commentator, US business journalist Diane Brady, tells us whether she thinks peace has really broken out. As the British parliament engages in days of debate about the government's proposed Brexit deal, we find out how food manufacturers in Devon in the south west of England have been dealing with uncertainty over what form Brexit will take. Plus London based chef Shrimoyee Chakraborty tells us the extraordinary story of the centenarian Indian grandmother Mastanamma who became an unlikely star on YouTube for her cooking.