Marketplace Morning Report

with David Brancaccio

11/06/2017: What's behind the biggest shake-up in Saudi Arabia in 80 years

November 06, 2017

(Global Edition) From the BBC World Service ... In a move that he says was meant to clamp down on corruption, Saudi Arabia's new crown prince Mohammed bin Salman has jailed over a dozen princes and ministers (though the jail, it should be said, is the Ritz-Carlton) — causing surprise and consternation among the international business community. That's because one of those jailed is Prince Alwaleed bin Talal, who has invested heavily in U.S. companies like Twitter, Apple and Citigroup. Afterwards: they're being called the "Paradise Papers" — a leak of more than 13 million documents that has revealed the investment secrets and tax avoidance strategies of the world's biggest companies — and richest men and women, including U.S. Commerce Secretary Wilbur Ross. Then, U.S. President Trump has complained about Japan's unfair trade policies during his visit to the country. Could this jeopardize Japanese-American trade negotiations?

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News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents Marketplace Morning Report from BBC World Service to bring you up to speed as the global economy shifts. It's the world perspective you need, from two trusted sources.