Volkswagen reports its biggest quarterly loss in more than a decade, losing almost $7 billion in three months. We look at the challenges facing the German car giant as it plans thousands of job cuts.

Also, Christine Lagarde announces she's stepping down early as president of the European Central Bank, triggering a race to replace her.And fuel shortages loom in Kenya as independent petrol retailers clash with major oil suppliers over prices.Presenter: Leanna ByrneProducer: Bisi Adebayo