david tweed joins us from berlin.t of a renewed tech selloff on the back of google earnings. >> there was nervousness, wasn't there? live up to not quite expectations. it is all about mobile. there are still plenty -- they're still selling plenty of advertising. larry page is not managing to charge as much. is eventually, mobile advertising will cost the same, if not more, than desk top. you get so much more information about a person. acrossill have a read for all of the european companies that may be affected by the slowdown. eibo --ugh -- wav >> who would

>> david tweed, thank you. today the market is bracing itself for more bad news when it comes to the earnings. .ere is caroline hyde slowing sales on the car today. >> yup. that would be the worst quarterly performance in the chief executive's tenure. it is the second straight year profit decline. there has been price wars. istish retail showing that -- there is a downward trend. 40% of its products. it is meant to be more upper-class and luxurious. market share eroded. not just happening among the figures. there's a bit of volatility among senior management as well. >> the chief financial officer just stepped down. is -- is theding way it is now. maybe that is not surprising. this, he isheart of a fantastic store manager. he wants control. no wonder you will have to bring in a new guard under your tenure since he has been at the helm. there many people questioning his own role. if he cannot turn this around, particularly in the u.k.. there is a u.k. chain. he was at apple at one point. it be another person? ma

david tweed joins us. you take away. >> i have a little stake in this story. to work yesterday on my bicycle, the temperatures dropped to minus two. it was a drive. after i left, berlin was covered with a sprinkling of rain that turned the entire city to an ice skating rink. people come to work after i arrived came with stories about slipping over on the black ice. there isrs at no nothing funnier than pictures of somebody falling over. they sent their photographers out all over berlin to take photographs of people having accidents on their bicycles. you can see quite a series of mishaps. see. photographs you can falls over here. tourists. a few problems here. somebody being helped up after falling over. quite amusing. when i came to work this of berlinhe heroes who overnight sprinkled the entire place with the grid. i do not think there will be any more photographers going around. it is the subject here. iti cannot help thinking if will be covered in britain. there will be a contrast between editorials calling for the government to do something about the joyf

david tweed is live in athens for us.s been speaking to the financial minister whether greece is on track for a financial recovery. >> greases and a good vision -- greece is in a good position to feel confidence enough. you're going to have the best possible result. >> you saying that, maybe outside investors say that, at about the unemployed guy on the street who is relying on his grandmother's pension, which has been slashed, to get by. how do you stop that silent crisis from turning into a crisis for the economy and seeing people leaving the country because they cannot find work? >> you raise an important issue. indices moment that started to improve to the moment people feel it in their pockets, there is a time lag. the argument has to be presented clearly to the people. -- where the argument has to be resented clearly to the people. we should be clear with people. greece has done so much so that the country can be saved. more than 88% of the necessary fiscal adjustment has already been achieved. we can tell people th

are you can editor david tweed on the latest. david, before let you go, there is a surprise with j joerg asmussen leaving the ecb board. names is sabine the question is what she might do if she is put forward and elected. but of course that is not guaranteed at this point, francine. >> certainly isn't. thank you, david tweed. we will have much more from him throughout the day. here's a look at what else is coming up in "on the move." more on italy's biggest ipo since 2010. how the stock is faring on his first day of trading. ♪ >> i'm francine lacqua in london, this is "on the move." streaming on your phone, your tablet and also bloomberg.com. tapering will be bad for bonds and certain stocks. for more on that, let's will he hasvor greetham. more than a hundred 60 billion pounds in assets under his stewardship. tapering may come as early as wednesday. >> it could be wednesday. we saw someone yesterday pretty 40% of ability on it to be precise. people are this is him was 50-50 between now and march. i don't think the market is goin

let's stop to david tweed. he is live at the headquarters in berlin. we will start with the earnings. a lotis all about about of other factors. >> it is all about this massive strategy review that siemens has been looking at vinson new ceo came in last august -- looking at since the new ceo came in last august. i will see if i can run through the main items of this reorganization. gone are the four main sectors that siemens had under the previous ceo. by, they will be replaced nine separate divisions. those divisions will focus on what siemens is saying will be the growth areas. digitization, authorization. -- automation, electrification. to be runing completely separately. which is already leading to speculation that this division will eventually be spun off from siemens altogether. we have seen it before. the semi conductor business spun off. that is the speculation with regards to that. the nine other units will focus on these areas. these arewant to do, the fastest-growing areas they have identified. you want to fill the gaps in their portfolio, wh

.y >> david tweed is in berlin with numbers from adidas today. >> ubs reported profits that surpassed estimates. profit rose 6.7% from a year earlier. our markets editor manus cranny is over there in zÜrich. run us through the numbers. what is the number going to be focusing on? >> i think they are going to focus more on three keywords. return on equity? target.king to the we are on the way to the promised land. reducing --d assets moving the target on risk weighted assets in the businesses they don't want to be in down to 40 billion. management brought in new

european editor david tweed has the details. we knew there was a probe going on on the subject of the number previously was a lot smaller. plaxico were looking at something like $3.5 billion for me also spoke to people familiar with these investigations and they have not even come out with the final figure. it could be bigger. we are expecting the actual ruling to come down probably next month. morellion is certainly than bnp had to set aside. they only set aside $1.5 billion . this is certainly a lot more money than it was expecting. the reason is because the u.s. attorney in new york is taking a very dim view of the sanction violators and the attorney dealing with the case said in the past that the fines have not

quickly david tweed.-- >> a david tweed. -- thank you. 12 minutes to the start of the equity session. >> frank whitlock watt joins us now. francine -- >> francine lacqua joins us now. >> in the u.s., president the day. big pizza data from china and japan. a record increase in china. the economy grew less than expected. that is putting a damper in japan. the dax futures and the 5100 futures are staying at 1%. >> individual stocks, you are watching construction. they were week. not have a lot of corporate news. not a big corporate movers. one company will write it down 1.4 billion euros. navarro might also move. they acquired a research program. >> and politics? in the background? >> investors a little attention to a tightening turmoil last week. it may change today. foreign -- forms a government who he might issues. >> reactions after japan it will be looking ahead to a slower forecast in the fourth quarter. that is after the break. ♪ >> welcome back to "countdown." i am anna edwards. >> i am mark barton.

david tweed is in berlin with the details.hey are going to spend 1.7 5 billion euros on their stake, which represents, when you look at what they're paying per share, represents a five percent discount to deutsche bank's closing share price on friday. it has taken quite a battering the sheer. -- this year. it has been under a lot of pressure because speculation that deutsche bank would have to proceed with a big capital issue. there is going to be 6.3 billion in a rights issue that takes the total to 8 billion euros. the entire market capitalization of deutsche bank on friday's close was around about 31 billion euros. you can deny -- an idea of how massive this is. , he signals a failure always said they could recapitalize deutsche bank through retained earnings. they had a collapse in profits. thing, it will bring deutsche bank up to become one of the best capitalized banks in europe. it will be around about 11.8%. the co-ceo of deutsche bank commenting just now and saying the company -- the bank is on the right strategic pat

david tweed joining us from brussels. > while e.u.t in brussels, situations on the ground remain tense. ryan has more from kiev. >> good morning. the situation has heated up in crimea. the united nations nation envoy fled the peninsula, effectively run out of town. his name is robert sary. he was sent from the united nations on a fact-finding mission. he just visited a ukrainian naval interests legislation, and as he left he was greeted by a group of armed men who told him to leave, and he did. all military installations in ukraine remain surrounded by armed men, so if people want to leave those bases, those ukrainian servicemen, they can, but what they can't do is enter them. a bit of a stalemate there on the crimean peninsula. >> what's the mood like elsewhere in ukraine, ryan? >> it is a mixed bag, mark. in places like kiev, things are rather as normal. except for of course independence square where you ay lot of protesters celebrating, but depending on who you listen to. in the east, however, chaos continues. we had crashes in an

david tweed reporting on airbus from berlin.aviation and go a little bit further down the aviation supply chain. easyjet has just released its first-quarter earnings. joining us to take a look is easyjet's ceo. good to have you on the program. thank you for joining us. i am sure you are pleased that losses have narrowed in the first half compared to the same time last year. can you tell us where it is performing strongly? heust spoke to peter and described the u.k. market as excellent. i wondered what your geographic experience was. lex we have had very solid progress to have a 13% reduction in our loss year on year with easter moving. move froma very big the first half to the second half. that is about 25 pounds of revenue. to decrease our loss in that period is good progress. the reason for that, we are catching more business passengers. we have hit the 12 million upestone, passenger numbers 4% on the half-year. and our yield is stronger. our revenue proceeds have gone up. it is one of the most popular things we have ever done

european editor david tweed joins us from copenhagen. let's kick off with you today. good morning. >> i'm here for two reasons. i have been looking at denmark's answer to silicon valley and how they are using technology to turbocharge farming. i've also than looking at another issue that could occur here in denmark as a result of rules coming from the european .ommission what have you been looking at? >> the nba came to london last night. the brooklyn nets beat the atlanta hawks. we go inside the game of basketball. we have two interviews with the billionaire owner of the brooklyn nets who just completed building the most expensive team in the history of the game, mikael pro croft --- prokorov. we will get you all of the action right here on "countdown." moreple hoping to sell iphones in china. will it be able to adjust a local competition? more on that next. ♪ >>>> time for today's company news. deutsche telekom and orange putting the listing on hold according to "the financial ."mes pee they said they will get a better price when ee 4g takes off. net income was $1.3

david tweed joining us with the latest on lufthansa out of berlin.ing of germany, the bundesbank will release its annual report later this morning. hans nichols will be speaking to the bonus bank president coming up on bloomberg a little later on. 634 a.m. the zombie thriller the last of us won best game at the bathtub video boardgames. joining us now, chief executive of the trade organization representing the u.k. gaming industry, richard wilson from tiger is here to tell us all about what is happening in the industry right now. thank you very much for joining us today. a big night for the gaming industry. one of the us winners but good times also for the u.k. game development and digital publishing sector. what is behind the good times? >> i think the first thing is that the advent of smart phone technology has created a brand-new significant market for the gaming industry. a billion smart phones were shipped. creating games for mobile and tablet devices is very exciting creating new opportunities for revenue. >> what is the talent like within the

it will be geneva on thursday. >> thank you david tweed in berlin.ing to whom united spirits to gain more control of the indian distiller. let's bring in carolina hide. they have increased significantly the offering. >> more than double. they are offering 3040 rupees per share and doubling the amount they are offering to pay to get their hands on a larger part of united spirits. they arty have 29%. that would give them more than half. they want certainty of control. they have executive control. they want certainty of control in holding more than half of it. $1.9 billion is the amount offering and they are offering above what the market currently values united spirits at. >> yes. it will take the shares above 50%. why the focus? i don't mind a dram of whiskey. india is the biggest market for whiskey. the biggest distiller -- brandswn bands like bagpiper and mcdowell's. the world's biggest distiller is johnny walker. they want to use the distribution network to drive they own guinness and smirnov. they are the sort of brands that they could get further

let's turn our attention into david tweed. he is in berlin.f course, the european ministers are meeting. is, how faruestion will they be prepared to go? last night that the u.s. treasury secretary have spoken about the possibility of sanctions. john kerry, the u.s. secretary of state, said he has spoken to foreign minister's also about putting sanctions in place. is it that was we are going to get out of the meeting and if so, what will they look like? we will speak to you shortly. jon, i was looking at the equity board in front of me. the paris market down one .6%. we are seeing a bit of a move. what is your focus going to be? >> futures have indicated where we have gone -- a lower. we have a massive week in front of us. central banks. payroll's on friday. is it about the weather? that would be a big focus. and the small matter with china was manufacturing trending downward. >> i like what you say a small matter. >> it is a huge adele. we are talking about a range of seven .5%.ent -- how do you try to get those reforms? are they compatible? y

sterlingllar, is better.nk that >> david tweed will join us to tackle numbers.e will talk with the cfo d trichet. coming up in a few minutes time. us. with we will take a short break. ♪ >> welcome back. let's head out to jonathan ferro for the fx check. >> i am looking at the norwegian krone. you can see the swiss trying to .eaken b in an hour we will get numbers out of sweden. thanction much better analysts predicted. next week seen as key for the next move. inflation fails to rebound significantly. a rate cut is likely. hard to disagree with that analysis. >> these are the top headlines today. the fighting in ukraine has intensified as government troops tried to regain rounds from rogue russian militants. -- pro-russian militants. 20 rebels were killed in one city. special security forces have been sent to odette said. has reported earnings that beat estimates. it is also speaking of its 50% return on equity markets. ubs will create a holding company that will allow the bank to return more earnings to shareholders. >> from now on we will start to two sharehold

. >> david tweed is standing by in berlin. european business correspondent has the latest. barclays african unit is revamping its operation. >> let's get to the breaking news. the spanish retailing giant is telling us. >> it is a very slight miss. for 12.mate was if you looking at profitability, that is promising. they in the quarter with 6200 49 stores. the majority of those are in spain. when we talk about inditex , we are talking about the likes of zara, you get the designs off the paper and onto the manikin into the shopping bag in a matter of weeks while the competitors take a matter of months. way john looks at me. talk every morning about fast fashion. >> for decades, they have been studied. it will be interesting to see what happens when they push into china. hub, the secret has been about centralized distribution. everything goes back to spain, doesn't it? ask china is doing pretty well -- >> china is doing pretty well. u.s.barely feature on streets. , it is veryo zara small. it is going to be a big challenge for them. a post of above 10%. upsome big years, profits

let's bring in david tweed. he has been following this story. we were bringing people over the start of people familiar were suggesting -- a we're getting confirmation that alstom has received something of a binding nature from ge. >> what that means is alstom will open the bush asians with ge about this bid. we got a short statement that took place in munich yesterday. siemens also make a bid for alstom. not quite sure how that will look whether there make a bid for the dark company are just bid for a part of it. an attachment to that statement as well. they would make their bid, but it is pending access to financial information from alstom and access to alstom executives alstom give siemens wants to interview alstom executives about the financial state of the company. after which they will decide to go ahead. it is a little bit uncomfortable for alstom. alstom is under a lot of pressure to consider all of its --alstomparticularly was accused of a breach of national ethics. it opened up negotiations with general electric without consulting the

david tweed is following the ratings downgrade in the eu. we're watching the reaction in tokyo. >> lacing up his trainer is as he digs into sneaker sales at nike. consumer sentiment as retailers cut prices in the middle of their busiest season. caroline hyde is live from oxford street. ourou do not want to miss conversation about the top film picks of the year. we have had some breaking news. the european union has lost its aaa rating. is our europe editor, david tweed, in berlin. how significant is this move? >> the timing could not be more impeccable. you have all of the european leaders hold up in london -- brussels this morning. it is not going to be hugely significant in terms of markets. we have seen many european union countries losing their aaa ratings. last, best only six left.ies - it is all to do with the negotiations over the eu budget. last year, there were two meetings to get the eu budget through with lots of arguing over small amounts of money. the overall credit worthiness of the 28 european union member states have declined

david tweed is standing by with one of germany's most famous companies. take a look at some of the companies diving the german economy. modern campuses in germany. what is it like? >> the building i'm standing in was only opened about three years ago. that designt incentives in here. we go in various parts of the campus. it is quite an extraordinary campus. we wereof the building, not allowed to take our cameras because what they have got is so top-secret in terms of their latest designs coming up. that is something to watch out for later on. and takell go outside a look at the history and the sporting facilities that are here. this is quite extraordinary company. it is quite old. average age of the people working here is a roundabout 30 years old. pretty extraordinary. energy thatnse of you get when you're wandering around the campus. of the other children very thing is the range of people here are coming from all around the world who are working here in the campus. i will try to say the word [indiscernible] urinating normally call it [indiscernible] --

david tweed talked with several of those in attendance.will hear from several on the morning here on -- in the morning here on bloomberg. this is "countdown." >> we are back with currency strategist neil mellor. we were talking before the break about the fact that the euro has seen low volatility despite the crisis taking place in ukraine. let's turn our attention to the pound. we have seen a lack of volatility in the pound. is that specifically cable? talk us through what is driving a. is part andhink it parcel of the leveraged plays. picking up pennies in front of the steamrollers is the accepted phrase. currency and they are happy to swap the dollar for it. not think it has that much to do with what the bank of england is doing. great expectations has not changed -- have not changed -- rate expectations have not changed that much. >> and there is a vote coming up on independence. do investors not think scotland will vote for independence or even if they do, it is not significant? >> that is a good point. the same reasons the market is l

david tweed is an berlin. it used to be mario draghi concern it would be complicated. >> is my job to explain simply what the plan is. there are two aspects. one is a banking resolution mechanism. the problem is according to dragic it would be administered by a board made of representatives and created under existing european law. there is the resolution fund. the proposal coming from germany is that font instead of being, lee financed would be created -- fund instead of being finance by individuald institutions. draghi said that is too hard. >> it needs a strong and asdible resolution mechanism its counterpart. responsibilities for supervision and resolution needed to be at the european level. thus, i urge you and the council to set up a robust, single resolution mechanism for widgets are essentially in practice. a single system, a single authority, and a single fund. he is saying what if the european central banking decide a company or bank is unfit to continue, a decision needs to be made in his words and a

and along the way, david tweed has covered every bit of it. believe the daily mail is the number one gossip rag in the united states? you think of it is a british publication, but today i'm picking a royal story. the kremlin is hurling abuse at prince charles commented for tat in the british media, there we go. i will try to hold this still. what happened, prince charles canada and in compared vladimir putin to hitler. now the kremlin is hurling back abuse. >> well, we will stay focused on d's amazing story, from twee last day to burgers, i have luxury property. central london, 4 million square feet have been reclaimed, another 2 million to come. stay with us for the next hour of "countdown." all the top stories that is breaking at the top of the hour. ♪ >> a country who silenced. it suspends the constitution and shows off international tv stations and schools. russian president vladimir putin will address the economic forum in st. petersburg later today. countdown the event. asks gerench government to extend the deadline for its bid for three

david tweed is here.ember you were there a couple years ago when she last visited athens. things have changed a bit? >> yeah, 19 months ago i stood on the roof of a hotel overlooking the square and it got pretty hot at one stage, eggle holding up great effigies of angela merkel dressed like an ss trooper. one of the reasons we will not see those purchased today is the fact they are much better at crowd control. the entire area will not be as the entire area will be locked down, even though the opposition party is calling for protest. she will not arrive until 3:00 in the afternoon. she will meet young business leaders, talk about investment. worth also looking to see what has happened in terms of the yield on the secondary market. if you go back to months, the 10 year was yielding 18%. it is now yielding under six percent and we have the bond issue off yesterday, a resounding success even though a lot of people are shouting, how can that be, they still have 170% debt to gdp ratio. they don't have to pay i

david tweed, european editor, live from berlin. sydney playing host to a gathering of central bankers and they are urging to use the meeting to developing strategies to help the economies. paul allen joins us now from sydney. that between the u.s. and emerging markets going to be resolved at this g 20 gathering? morning, mark. pardon me for my cynicism but i'm trying to remember when any g" gatherings have solved anything. that said, it has been a huge theme in the buildup to this g 20 conference. the effect of tapering and the need for emerging markets to get their house in order. if you delegates have already said that leading up to it. jack lew, treasurer joe hockey has been talking about it. the secretary-general of the oecd. it sounds like the scene is being set for something of a showdown for all of these western economies talking about emerging markets needing to get their own houses in order rather than complaining about the impact of tapering. looking forward to hearing from some of the financial ministers of those emergin

we are joined by david tweed in berlin. bayer reported first-quarter earnings in the last hour. take us through the numbers and their intentions with regards to &a.nd a -- m ebtina came out with numbers, better than expected. and estimateersus of 2.50 6 billion. illion. b inset by improvements operational performance. good numbers all around. that said, what a bit of m&a isching bayer and it focusing on its plastics business. this is an area that a lot of people have been speculating like to hideuld off because it has not been making as much money as its cost of capital. with their earnings today, they do say that there ebitda rose by 80%. m&all be back with more on surrounding bayer later this hour. >> thank you very much. >> we have had breaking news from pfizer. it is confirmed a possible offer for astrazeneca. manus cranny is here. what do we know? inthey made the original january. because of the dramatic changes of the landscape within the pharma industry, they came back to the table within this month, just last week. pfizer is saying that they 46 pounds is what they origin

resultsporting annual later on today and let's get over to european editor david tweed in berlin. priceite a rally this year. what has been the driver react ? >> at 62% but you have to look at it in the context of radius years because of a graph from 2012 -- 2010, the share price is still down 41% and that is really a story about what's been going on with metro because it had not been keeping up with the times until they put their new chief executive officer into place at the beginning of 2011. let me just give you an example. huge cash and carry company and they also have electronic retailing with the brands saturn and media. until 2011, they did not sell anything on the internet. when amazon came in to germany, they absolutely cleaned up and left metro behind and they have put a strategy and place where they are now selling electronics on the internet and that's an important thing to be selling because at least you don't have to go try on a television set. that explain some of the share price and performance they've seen this year. also, speculation that they may sell their depa

editor davidpean tweed.some of the miners. >> we had the same way to earthquake off chile. -- we had an 8.2 earthquake off chile. power is a critical issue when it comes to minors being able to continue their operations. they have evacuated in the north .f chile there are disaster zones that have been declared. so far it has not been impacted. >> thank you. >> it is hurting to different areas. the passengers. it's being described

>> and david tweed puts his lego skills to work.ut how the company built itself up after mounting losses a decade ago. hello, welcome to "countdown." i mark barton. >> i am an edwards. evidence, raising its fourth-quarter profits missing estimates. we will hear from the cfo of the business in just a few minutes. been the chief executive -- then the chief executive officer to "countdown" for insight into the earnings of the world's largest container shipping line, moeller-mae4rsk. >> we are expecting the numbers from rbs. telling us the earnings before interest and tax coming in just below expectations. 3.1lysts had estimated 4 danish krone. maersk says they are expecting to grow at the same pace, 2014 freight rates depressed by ongoing capacity. that is the story crossing. full-year global container increasing 4.1%. they're proposing to issue four new voter shares per share in existence. we will be speaking with the management of that business coming up in about 45 minutes. >> let's talk about rbs, even though the numbers have not c

european editor david tweed joins us now from berlin. what are the targets in the five -year plan?ts they are being hit by currencies and they're being hit hardest in the markets where they are trying to grow the fastest, russia but also latin america. it's going to be a huge focus with the world cup coming up. it's worth pulling up the pie chart where you can see where the main markets are. this represents about 10% of adidas sales. growth was 19% latin america altogether. they had particularly strong growth in colombia, mexico, argentina. these markets have all declined by currency. in terms of euro sales, it was only 6% and this is why they have warned that the moment that looking ahead, they expect reallyy weakness to impact the process going into 2014. what we are looking out is a net millionf about 830-930 euro versus analyst estimates around one billion euros. 2015, thek for the five-year target program, 17 inlion euros to achieve that 2015. they have cap that for the time being. >> yesterday, we learned that the chief executive officer has had his contract extended by two y

david tweed joins us from hong kong.me back. merkel is heading to chang tzu which of course is the capital of dishes one province in western china. why there? >> well, it is not actually a state visit that she will be honored because she is not the head of state. the chinese treat it like a state visit. one of the things in the that they must visit one of the other cities outside of beijing. from what i understand, speaking to diplomats, there will not be any deals assigned. volkswagenl go to a plant. she will visit a training facility. it is actually really symbolic what she's doing. , they're trying to develop these mainland towns. them -- for two million people there. it is one of the second tier chinese cities. what they're trying to do is to get more investments from companies, european companies which tend to cling to the chinese coach because that is the most economically developed .art fo they will have the head of gw. this will be checking out to see in the future. >> does she like her spicy food. >> it is funny

david tweed is standing by in berlin.uation in ukraine looks like it is beginning to escalate. deadlines and the language over the weekend whipping up a frenzy. the ultimatume, that was laid down by the acting president passed down about an hour ago. that was an ultimatum for progression separatists to lay down their arms. we are waiting to see what happens on the ground. i just spoke to our reporter in eastern ukraine. he says nothing is happening yet but we are watching that situation very closely. >> we will get a full report very shortly. i am keeping and i on glencore. this is the global miner that got together with extra last -- with xtstrata last year. it is about debt reduction, returning part of that capital to shareholders. it is a compelling offer. a little bit higher this morning, you can see, up 0.8%. the ftse and the rest of the equity markets all a little lower. good reaction on that news. else, you mentioned the u.s. retail sales. >> that is the next point to watch. coming off the back of the worst week fo

david tweed was joining us. >> a week to go before the elections in turkey.he prime minister has extended a ban on twitter. our middle east editor has been watching the developments. to block thoseg ways around the bands. >> that is right. they are looking to ban twitter. there are our tweets that taunted the prime minister and his government. there are links and recordings that show how he is involved in this corruption scandal. this has not worked. that was a google dns allows you to forward the internet into thinking that you are somewhere else. many turks were using that. the government blocks that. the prime minister said that twitter has not been shutting down those accounts. that is despite warnings. have shakenfacebook families at their roots. twitter, itself, has told users that they can send a text message to get their tweets up online. there are things like virtual private networks and things like ass, like they donkey, that can put you somewhere else. you can also find similar obstacles. >> is there any sense that the the primeffect minister's par

we have david tweed with us now. our expert in berlin to talk about this. this is a big success for angela merkel. >> i thought it was interesting that khodorovsky said in his news conference yesterday that he had to thank angela merkel. it was yesterday he became aware of our involvement in the negotiations which went for 2.5 years. amount of timey going into the negotiations. it shows the success angela merkel can do when she was her power behind a position on like this. negotiation is 86 years old. he was a forest minister -- foreign minister in germany and resigned in 1992 when of the wall was coming down. he was the chief negotiator. would you look at this whole wrist lease -- hold release means, it is a victory for quiet diplomacy. germany does not throw its weight around. it shows angela merkel can achieve, what she can achieve. >> this is night and day and comparison. >> putin was described as a flawless democrat. extremelykel is critical of human rights. she can still achieve a negotiation. stay with this. we'll pass it back to you. we are going to

david tweed is getting a firsthand look at the latest technology trends. two key european leaders will be attending the event. i am afraid there are no prizes for guessing that angela merkel will be one of them. who is the other? >> angela merkel is one of them. the other is mark which are from the netherlands. the dutch are partners in this event. having two leaders here really underlines the importance of the sort of advance for the economy. this is the biggest industrial fair in the world. it is the biggest convention center in the world. it is difficult to give you a sense of the scale of this place. millionalking about one square meters of exhibition coverage. i haven't been able to count them all. exhibitors here at this show. more than a quarter of a million people will come through here. quite a few ofy them coming through. >> this has always been a fair that has been about innovation. what is the theme this year? the theme is a theme with is pushed forward by the german government. industry 4.0. it is about automation. automating the manufacturing

breaking news now before we go to david tweed.ers index market estimate in contraction. the composite index at 49.2. h

is jonathan now ferro, manus cranny, and david tweed joins us from berlin.s are indicating a higher start the trade today. >> janet yellen answered every single question. beme assure you, you can sure that this woman will not leave any rock unturned. language that is far from done. far from happy. easy street. we are there. the 04 door. whatever you want to call it. -- the zero corridor. what everyone to call it. -- whatever you want to call it. consensus, thet this. coming out with this is to watch. puts without a doubt. manus was watching janet

david tweed is in berlin with the entire story. what is the plan? we might be able to hear some of it leaking into the market. is going to return to the markets today. that was late last week. come to the market they will have to pay for it. well above the record they paid back in the day when people were chasing after greek bonds. they went down to as low as two point 71% at one stage. they will have to pay a lot more than portugal and the other countries that have gone back to the bond markets. i suppose if they can get back to the bond markets it is a good story to tell. you have got an economy that is not really recovering. the jury is out about whether or not it will come out of recession. they were aiming for sale by the end of the first half. they seem to be rushing this forward. why now? >> it does look as if they're trying to get about now. it is all about politics. one of the reasons is we have the may 25 european elections coming up. the prime minister in greece wants to be able to tell his people a good story. imagine if he can say look

that is why the eu-japan talks are of the utmost importance. >> david tweed.is here with the big macro themes of the day. , 48.1.hsbc it is a contraction. more signs of the slow down. when you look at the provinces and the municipalities in china, 30 out of 31 west their growth targets in the first quarter. the targets were lower than the target set in 2013, not a good sign. it is damaging growth. >> richard fisher, said president dallas, when he speaks, we listen. >> -- said president dallas -- fed president dallas, when we speak -- when he speaks, we listen. he push those conversations out. hawk is notggest talking about a rate rise. the partisan page -- the participation rate was lower. >> we will take a look at how markets are hedging the risks. stay with us. ♪ >> welcome back. let's take a look at the markets. marshal joins us from cyprus. hello, marshall, always good to see you. have talked long and hard about the fed today, what they will do next and how quickly in light of friday's job report. what was your take on the jobs report? from janet yellen's

red carpet for chinese president xi jinping, this time he is in berlin where are your editor david tweedvisit area david, what from where i am sitting, the special relationship usually refers to something that stretches across atlantic heard from where you're sitting, and first to something different or tell us about it and why. >> it does, it is something that is being used in the last couple of years to describe the relationship between germany and china. it is special on two levels. one is a political level, because angela merkel, let's face it, she's been around longer than any other european leader. she has got good personal links with some of the top brass in going she is actually there later this year in the summer. then they will have the second of two joint cabinet meetings where therlin, chinese cabinet members come over and sit down and have a joint meeting him after which one would expect a slew of things. the other level, of course, is economic. germany's trade relationship with china is vast. 140 billion per year. that is the same as the u.k., italy and france together. dav

david tweed is also standing by. we have just had breaking news from bae.ous show. bae says that the u.k. and saudi arabia have agreed on the price escalation on the typhoon jet. this is something that has been uncertain in the market for a while. bae is saying that it is broadly consistent with the prior trading outlook and the company is set to report earnings tomorrow. let's get back to our team. ryan is here watching development in ukraine. >> the situation now stable if tense. time yesterday, at least 25 people have been killed. at least 350 injured. the clashes continued. is this an uprising? is it the country slipping into civil war? police have launched another assault about four hours ago. we will keep our eyes on it. >> manus, you're watching peugeot. >> stock is up. they have new investors, dongfeng. capital is king and assets to change. you have the peugeot family, dongfeng and the french government all in. 800 million euros. they will produce

. >> see you later, david tweed. >> the business elite will be gathering in davos in switzerland, but nearby there's another meeting to discuss the political into the war in syria. 40 other countries and organizations are attending that meeting. john has the details. >> there is so much riding on this, 100,000 lives have been lost in this conflict. hundreds of thousands going into refugee camps. one in jordan is now the fifth largest city in the country. you have 40 countries and organizations there, the u.n. and the u.s. and russia as well. is the really telling absentees. iran will not be there. william hague, the foreign secretary of the u.n., says it was the right choice. they are not ready to say that a transitional government should be something we should all look for. >> a transitional government made up of those diverse groups. that is what is on the table? >> that is the aim of it. ,ou have the opposition there and the assad regime still want access as the top man of the state. there's the question of how fruitful these negotiations can be. what is expected across the board i

. -- david tweed. >> the world has seen vast achievements in technology that affect all of our lives. this conference is focused on the decade ahead. >> just think about the changes that we have seen in the last decade alone since the first conference in 2003. in 2003, itunes had just lost -- launched. at the time you could get your hands about 200,000 songs. $.99 per song. fast forward by 10 years and it is not 200,000 songs, it is 26 million. they're selling about 26 million ipods per year. -- and thes competition is right. you have spotify, pandora. apple is not alone. there are bigger changes. think about camera phones. back in 2003, they had just caught on. they were causing a stir. they were being bandied changing rooms and companies worried about espionage. taking a picture with your phone has become so popular that we now have the word self the in the oxford dictionary. megapixel nokia phones. you can video should them as well. investment changes have been choose that huge. -investment changes have been huge. big changes in investment, big changes in scope. >> camera phones, f

. >> david tweed. the backstreet boys are back. not only with new music, but a new way of keeping control of their management. caroline hyde is here. wayhave they changed the they are making music tackle this legendary band? likes less taken back to the nine -- old-school. that stock it -- let's talk about "i want it that way." that is when they got really annoyed with their manager, claiming they -- the former manager cheated them out of millions of dollars. now they're coming back. they launched a new album in 2013. >> i will -- "i want it that way." >> the classic. they're coming back. they're avoiding traditional record company contracts. they want more control and they're going for the label services company. it is much more like having a consultant. it means they get far more money. on average, they get about 75% of the money they rake in. about 15-20%. , potentiallyay with her former contract, they would have only seen but 15%. >> even with the services they have to pay the cost? >> they do. they have to pay all the costs. s

anna: david tweed, thank you very much. nine minutes past 7:00 here in london.- part of our currency was about xi jinping's promises about the currency. what do you think? comments xi jinping's that they don't want to devalue -- absolutely at face value. this is a nation that spent $93 billion officially in august, and by some estimates it is closer to 150 billion. that is an awful lot of money to take out of your reserves. it seems to me that if this downward pressure continues the chinese economy, and it seems reasonable to think that it will, given that the demand for commodities will continue to the decline, the rational thing for them to do is to step back and let market there' forcs take their course. why throw good money out? guy: you talked about the reserves and the reserve deterioration -- they are selling u.s. treasuries at the moment, selling fixed income assets. is that an anti-qe? what ist is -- interesting, you don't necessarily see that impacting markets, but nevertheless, that process should be there. it's another reason why the fed right now is

let's get to david tweed. any progress? flex angela merkel after months of not wanting to rock the boat because she was trying to get a coalition together has spoken. you are right. she told them to get on with it. she said they've been talking about banking unions for months and they help as heads of state and government won't have to deal with it at the summit. that will be a moot question. it looks as though they made a little bit of progress last night on one big sticking point and that sticking point is the backstop to the resolution. let me try to explain. if you're going to have a resolution fund, there will eventually be 55 billion euros in it. if there's not enough money to should it neednk to be recapitalized, there needs to be a backstop. that is what they are bickering over at the moment. will they use the european stability mechanism, the european imf, the permanent rescue fund that will have 500 billion in? wolfgang schauble says no. it will not be a credit line. they refused to talk about it after the meeting

. >> thank you, david tweed. airbus has benefited from the growing demand of travel in asia with another big order from the region. caroline hyde, it is a sizable order? >> $6 billion in the bank for eads, which owns airbus, selling 25 a330's to asia air ax. really, it has been growth in that part of the world. what should airlines in southeast asia with 1000 new aircraft in the past five years. this is where the likes of boeing and airbus have been focusing. the chief executive of airbus thought it was a nice present for this time of year. >> it is a nice christmas gift for us, with 25 a330's, from an airline which is used to it. asked year they order just before christmas 100 other vehicles. >> for another decade we will see these a330's in production, updating them a little bit, making them carry more people, carry more fuel, more lightweight. >> and the new order means that air asia could come back to europe, which intensifies competition? airbus,es, love times, they're saying, oh no. norwegian air is the onl

european editor david tweed is in london. this results in a lot of debate here in the uk but the concerns are not just here are they? >> he might be surprised that it's not just isolated in the uk erie these concerns are right across europe and i could just give you an example of all of it. from "die zeitung" a few days ago. they are quarreling over this very issue. , part of angela merkel's center-right group, are arguing there should be a crackdown on what they call positive migration, people coming in from bulgaria, romania, signing up for social benefits. coalition,rt of the but the centerleft portion that controls the labor ministry, are arguing that migrants coming into germany are good for the economy. we saw that when the polls came in after 2011. germany took some time to allow the polish to come in and when they did, the benefits have been positive according to the labor ministry. comeind out the migrants in and pay more in social security. they pay taxes. this jibes with the european union report but also found tha