Glencore agrees to plead guilty to corruption charges

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The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the UK. It will pay more than $1 billion to end a five-year investigation into corporate malpractice. It was accused of directing traders to fix the oil market as well as using bribes to secure business in half a dozen countries, mostly in Africa. And we hear about Sri Lankan Prime Minister Ranil Wickremesinghe's plans to deal with the country's economic crisis. Image: the headquarters of Swiss commodity trading giant Glencore in Baar, central Switzerland. Credit: Getty images.