Breakingviews TV: Highly strung

Iconic guitar maker Gibson suffers from declining sales and a songbook full of debt as loans come due. Antony Currie and Robert Cyran explain how poorly tuned M&A, cheap imports and the rise of craft manufacturers have left the company singing the financial blues.


Source: US news

VW reaches German deal on wages

Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004. David Pollard reports.


Source: US news

Venezuela's Maduro seeks new hero in 'petro' currency

President Nicolas Maduro has said Venezuela received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency. As David Pollard reports, Maduro is hoping the petro will help pull the ailing OPEC member out of an economic tailspin.


Source: US news

GM pitches $2.8 bln investment in South Korea: officials

General Motors has proposed a $2.8 billion investment over the course of ten years to save its branches in South Korea, according to government officials. This comes after the announcement that one of its four branches in the country was closing down a week before.


Source: US news