Credit Suisse pays $475m in fines to settle Mozambique ‘tuna bonds’ case

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Credit Suisse Group is to pay $475 million to American and British authorities to resolve bribery and fraud charges related to a $2 billion scandal over Mozambican government-guaranteed loans which came to be known as tuna bonds - they were originally intended to help build up a domestic tuna fishing fleet in the country. A Credit Suisse subsidiary also pleaded guilty to a conspiracy charge in New York. Nine companies including Amazon, IKEA, Unilever and Michelin have pledged to use only zero carbon emitting container shipping by 2040. 90% of world trade is transported by sea, and global shipping accounts for nearly 3% of the world's CO2 emissions. But environmental campaigners want the shipping industry to move faster. The pressure group Ship It Zero says the switch to zero-emissions should be done by 2030 Also in the programme, the BBC's Clare Williamson reports on whether edible insects are likely to become a significant source of protein for humans in the coming years. Plus, the television show Squid Game has become streaming giant Netflix's most popular series. But it has led to a row between South Korea's SK Broadband and Netflix, as the internet service provider is suing Netflix to pay for costs from increased network traffic and maintenance work, thanks to the surge in viewers. June Yoon is a columnist for the Financial Times in Seoul, and explains the background to the dispute. Today's edition is presented by Rob Young, and produced by Benjie Guy and Susan Karanja. (Picture:Credit Suisse/Reuters)