Pandemic hits remittances World Business Report

Coronavirus has hit the amount of money migrant workers can send their families back home. Caroline Theoharides is an assistant professor of economics at Amherst College and explains how significant so-called remittances are for the 800 million people globally who rely on them. We meet one Indian IT consultant sending money from the UK, and hear from his family how those funds have helped pay for education and housing back in India. And Dora Zambria, chief operating officer of digital remittances company Azimo, tells us how his firm is working to bring the cost of sending money down significantly from a typical rate of around 7%. Also in the programme, the European Commission has launched an investigation into claims the US technology giant Apple has breached competition law. The BBC's Theo Leggett brings us the details. Plus, as many hospitality firms in the UK argue that their business models are unviable with a two metre minimum social distance between customers, we explore the trade-off between health and the economy, with Dr Andy Wood, chief executive of Adnams pubs and breweries.