More trouble for Volkswagen, the European investment bank says it may recall billions of dollars worth of loans given for the development of low emissions engines. And mixed messages for Japanese women the government wants them to be in work to boost the economy but at the same time have more children to proper the falling population. Hello and a very warm welcome you with World Business Reform time Sally Bundock also in the program shares in the indebted Swiss minor Glencore are halted from trading in Hong Kong today. We'll be explaining why but we're starting with Volkswagen again is facing another serious financial challenge the European investment bank is saying it might recall loans it gave to the German carmaker for things like the development of low emissions engines. The bank's president told a German newspaper these could be recalled in the wake of VW's emissions cheating scandal since 1990 it's reported the EIB granted loans worth around 4.6 billion euros to the car giant. Now this comes after its US boss made a serious apology for installing the so-called defeat devices in its diesel cars at a congressional hearing in the United States. Last week German police swept into Volkswagen's headquarters carrying away files hard disks all sorts the prosecutors office said they're looking for data linked to the defeat devices after receiving about a dozen criminal complaints from citizens and one from VW itself. And today the focus will move to the UK where Paul Willis who's the UK managing director of VW UK will appear before the transport select committee. Well let's get more from David Bailey professor of industrial strategy at Aston University David nice to see you again. So what revelations do you think we might hearing in the UK today? Well I think the MPs will want to know who knew in Volkswagen how high up this work we heard from Michael horn last week this was a few software engineers that was scarcely credible he barely seemed to believe it himself so who knew. I think as well I want to know about the UK situation how consumers are impacted here how the recall will go and also whether VW will compensate consumers in the UK they're affected. And in terms of this European investment bank a story in the fact that they could recall loans that they've loaned to VW give us perspective on how serious that is for the car maker. The European investment bank make loans to lots of car makers to develop clean technologies to get CO2 emissions down and improve performance. I think it turns out that actually Volkswagen had been taking money but they're not using it for the purposes that EIB wanted then there is a chance it could be recalled and that's hugely important it deepens the crisis for VW even further. It may mean that they may have to repay some of that money to the EIB and also in the future if it's damaged the relationship with the European investment bank it may become more difficult for the firm to access future funding and that would be critical for the firm. How is the company fairing given this crisis which has been going on now for we're coming into the fourth week we had Michael Horn apologizing last week it just seems to be one long list of situations where VW is on the back foot. That's right it's an utter disaster of the company's own making an spectacular own goal the company seems new about a possible breach of environmental regulations in America in spring of 2014. It was only in September 2015 it admitted that that was the case and there was this software and since then there's been a drip drip drip of information the company it seems unable really I think to get to grip with the scale of the problem and also the appointment of an insider as CEO really doesn't suggest to me that the company is really looking to clean things up rather trying to cover things up to some extent. And just briefly we haven't heard of other car makers yet have we that could be doing the same thing. Not cheating directly there are suggestions in the media that for a range of other manufacturers that pollution emissions far exceed what the test performance suggests. So there's a broader issue about the reliability of the testing system in Europe and also about public policy more generally are we as consumers buying products that do what manufacturers tell us in terms of performance emissions and pollution. All right thank you so much David Bailey for your time professor at Aston University we will update you of course on how the UK boss at VW gets on later before the Parliamentary select committee but now let's move on to Japan Prime Minister Shinso Abe has been trying to encourage more women into the workforce to boost the economy the policy has been in place for nearly a year and a half for not a single company has yet applied for the government subsidy that is there to try and encourage women and promote the government in the way that they are going to support them in work and even among Japanese women themselves opinions are very divided about it. So as part of the BBC's Japan Direct Season Mariecaoi went to me some women. Harugas Day starts at 6 a.m. with a jolt. Harugas has three children and getting them ready for school on her own is a challenge on her to do list cooking intricate breakfast three rounds of laundry washing up and getting them dressed all this before 7 a.m. Japanese more big families like Harugas to ward off a sharp decline in population but at the same time it's also asking more women to return to the workforce is this realistic. I understand why Prime Minister Abe says the economy needs more women to work but I wonder if he's listening to the voice of real mothers. Even with a pressure more than 70% of women here quit their job after having their first child and don't return to work for a decade or more. But one woman who has done it all is Mitsuki Mata former diplomat and the first chief executive officer of the body shop Japan. She now runs this women's group and she's concerned. We're in such a dangerous place Japan has a huge debt and I think women are partly to blame they're not giving back to society financially. I propose that stay at home wives who have had a higher education should pay back the tuition fees spent on them. How to juggle the demands of a career along with the expectation that women also have to take care of the traditional responsibilities of a housewife are a real issue here in Japan. For Japan's gender equality to improve it's not enough for the government to just set the targets but society's definition of women's roles needs to change. Marie Goy BBC News Tokyo And you can see more from Marieko on this subject. She's got documentary working lives and it's that for times you can see on the screen there on BBC World News. So do tune in for more. Now shares in the Swiss commodities trader and minor Glencore have been halted in Hong Kong today pending an announcement. Let's go to Sharon Jitlale who's in our Asia business hub in Singapore. Sharon what are we expecting? Well that's right Sally as you said those shares have been halted in Hong Kong. Reportedly the company is going to plan to sell some assets in Australia and Chile. There's all part of moves to slash it's 30 billion dollars in debt. Now you know how to apparently toll the Hong Kong exchange she would soon publish information regarding certain of its assets in Australia and Chile which constitutes inside information. So these assets sales of course, part of a broad plan Glencore outlined last month to raise money to cut those massive debts by about a third and that's as it looks to whether a slump in commodity prices and revive its shares. Those shares I should say have dropped some 57% just this year and the company is saying it's looking to sell a minority stake in its agricultural business and last month it actually sold one of its Brazilian projects a nickel project for about eight million dollars. Now in Chile we know that the company own stakes in a number of mines a hydropower project a coppers melt as well in Australia it owns an array of copper coal nickel zinc and other assets as well as farms. Though a spokesman has said that there's no immediate comment yet on what assets exactly aren't going to be sold. Okay as ever we will watch this space challenge it thank you very much. Other stories the former boss of Anglo Irish bank has been arrested on an extradition warrant the US attorney's office in Massachusetts says. David Run will now remain in custody in Boston until he's hearing in a federal court on Tuesday he moved to the US in 2009 the same year Anglo Irish collapse and was bailed out by Irish bank. In 2015 to 2008 subsequently filed for bankruptcy in the US. A brief look at markets today Japan is closed for public holiday so no action in Japan or Tokyo we've got Hong Kong open and Shanghai the markets in China up around about 2%. So that's really being reflected. There's some good news actually about how they spent their time during the golden week break in terms of their spending perhaps that will boost the Chinese economy I'll see you soon.