Episode details

World Service,20 Nov 2014,28 mins
Wall Street banks accused of exposing themselves to "catastrophic risks"
World Business ReportAvailable for over a year
The US Congress questions Wall Street banks over exposing themselves to "catastrophic risks". According to an influential Congress committee, Goldman Sachs and other banks have been exploiting commodity markets to manipulate prices and boost their profits. Also on the programme, it has emerged that a Russian-based website is showing images taken from CCTV cameras, stand-alone webcams and even baby monitors installed in tens of thousands of households and businesses, in more than 100 countries worldwide. The United States appears to be the source of most of the images. The website claims to have footage from more than 4,500 cameras in the US alone. We have more details from David Emm, a senior researcher at the internet security company, Kaspersky. If you had to name one of the most expensive places in the world to buy a house, you might perhaps nominate Abu Dhabi, Singapore, New York or London. But, Windhoek, the capital of Namibia, might not be on the tip of your tongue. However, it has just recorded the second-fastest rate of house price growth in the world. We have a report by the BBC's Tamasin Ford.
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