three chinese groups have expressed interest in areva.nions are a guest -- are against the tie up and concerned with outside involvement. translator: we don't know whether half the group will be sold. what will happen with edf or the chinese? we know the employees will be the ones to suffer. reporter: areva has about 42,000 employees in total. more than two thirds of them in france. they will find themselves increasingly caught in the crossfire as areva tries to salvage its future. stephen: other business headlines. siemens has announced it will cost another 4500 jobs. that is on top of the almost 8000 jobs that were announced in february -- job losses i should say. most of that coming down from the sales of assets. the french technology firm alcatel lucent its report of net losses more than 615 million euros in the first quarter of this year. more than three times the lawsuit report -- a loss report this time last year. the japanese gaming company nintendo has turned its first annual operating profit in four years. the firm said lower co

kate: a way out of the storm for areva. the power utility has confirmed it is preparing a rescue plan for the struggling nuclear group. >> it is clear that areva is in trouble and it is important to keep the expertise because in his excellent -- it is an excellent part of france's nuclear sector. kate: edf will make an offer to buy the nuclear reactor business which is about one third of the global workforce and brings in 30% of sales. it would focus on uranium mining and nuclear fuel. it is supposed to further more modern alternatives who specialize in nuclear safety. areva has suffered a downtown in demand following -- downturn in demand following the fukushima disaster. they announced plans to cut between five and 6000 jobs worldwide. some estimates have valued its nuclear reactor division as high as two to 3 billion euros although edf may be unwilling to offer so much for a struggling business. the french government which owns 85% of edf would have to approve any deal, but it is anxious to find a resolution. >> let's ta

the newspaper says areva is open to the chinese firms becoming minority shareholders. the company reported losses of 4.8 billion euros last year. genie: you have a new academic study that has been trying to work out which countries have the most financial know-how. stephen: and who is the worst. this was published in the journal of economic literature. it asked three questions to gauge people's financial knowledge. this is one of them -- i will put this to you. you have $100 and a savings account, and rest rate of 2% per year. after five years, how much would you have in the account? 4 options -- $102, more than $102, or less than $102? genie: more than $102. i am not as bad as i thought. let's look at the results. of the three questions, 96% of russians were unable to answer three basic questions about finance. 79% of swedes. 70% of americans. the french came in slightly better. they do not have figures for irish people. it shows that you do not know everything. genie: thank you so much for that. a look at the business news. thank you for watching france 24 . time for

areva martin joins us on skype with us. areva, what are you taking, what are you surmising based on what we're reporting so far as to how this jury is doing its work? >> i'm surmising tony that this jury is grappling is very a very difficult time coming to complete agreement about what the outcome of this case should be. you and i talked about this case some time ago. and the fact that this was massachusetts and it was likely to be very difficult for massachusetts jurors to sentence him to death. and i think the defense attorney did the best job she could do in terms of trying to cause that jury to find those mitigating factors that would dictate that he be put, that the outcome be life in prison versus the death penalty. so i'm not all that surprised that we're hearing different jurors making different decisions about the mitigating and aggravating factors. >> so remind me again what's the name of the defense attorney working for dzhokhartsarnaev? anyone remember her name? >> judy clark. well-known extremely successful on

. >> areva martin joins us. areva, does the statute of l limits runlimitations run out on this? >> if the claims are true who was involved? i imagine that the city district attorney would also like to take a look at it, if any of the individuals are still alive. when i first heard the story john i immediately heard about the forced sterilization cases we've covered on the network before. families in the hospital he in the 20s and 30s in different parts of the country and forced to be sterilized, the way that these women are learning that they may have had children that were stolen from them. >> all right, if the city could be held accountable are we talking about negligence here? >> well we're talking about more than negligence. we're talking about people intentionally taking live babies from mothers and eerts selling themeither sellingthem to adoption agencies or giving them. were they given away were they sold to adoption agencies or to individual families? so there's a lot of information to be yet revealed about these children that were allegedly taken from them in the hospit

and a few other stories we are watching the edf has offered two billion euros to buy a part of the areva. the chief executive said he wants to buy the business, but did not outline a price tag. they have been bleeding cash since the french state has been looking for ways to salvage the business. one of the largest insurance companies is cutting its investments in whole companies. it will sell off: industry assets to the tune of 500 million euros. this was announced during a conference here in paris. axa is the biggest institution across the world to shun industries with a large carbon footprint. in the japanese carmaker mazda and mitsubishi are recalling another 600,000 cars over airbags. they were made by the japanese car parts maker. the number of recalled vehicles globally would double to 34 million. 11 carmakers in total have been affected, including toyota and honda. that is the business for now. tom: thanks very much indeed. time for us to go to the french riviera you for our daily update on all the goings-on at the cannes film festival. today we went to meet the hollywood star sie

a french electricity firm says it will be making an offer for the nuclear firm areva.aying they will offer a market price and the two state owned companies need each other. deutsche bank reviewing whether or not it would move parts of british operations out of the country if the u.k. votes to leave the european union. it set up a working group to examine the impacts of the vote could have to deutsche bank includes 9000 in britain and is the first major lender to examine the consequences of a referendum on eu membership. ddrivers in germany beginning strikes today. from 3:00 p.m. local time with passenger trains affected from 1:00 a.m. wednesday. the night strike in the ongoing dispute over pay and working conditions. if you have ever wondered how much a tweak could be worth, some people are worth following. what is the activist investor carl icahn, this added $8 billion dollars to the value of apple. he says the company is grossly undervalued and could be worth as much as $240 per share, about 84% more than it currently is. he believes the company's the value will incr

. >> now, areva, in their charging documents, the officers wrote that freddie gray had a switchblade. now, what explains this? did the officer just make a mistake? >> unfortunately, rev, they did make a mistake. they made a purposeful misrepresentation trying to give justification for the arrest that was made and i think it's important to -- to distinguish. the supreme court has been clear that in certain high crime areas police officers can chase, they can cause a suspect to stop have a conversation with them even perhaps search that individual, but if there's nothing there that gives rise to probable cause, they have to say good-bye to that individual let them go on their merry way. they cannot arrest them. in this case what officer miller tried to do was to give justification for arresting mr. gray, therefore, giving justification for everything that happened to him during the transportation. and thank goodness that the state's attorney debunked that statement and showed that statement to be untrue and, unfortunately, in this case we found so many of the statements made by the poli

areva bank up 8% yesterday. i can't even talk for long enough to get those through. let's move it along. dollar down, yen strengthening. bank of japan leaves quantitative easing at ¥80 trillion. will they do more? that is a subject that you will focus on. we have the biggest weekly decline in yen and rise in dollar since february. morgan stanley, they essentially say, there's the overall picture for the past five trading sessions. they maintain they say buy dollar-yen, by dollar, selye in. the stocks around the 118.70 level. i leave you with a last look at sterling. back to some of those luxury stocks, we have an opening price in richemont. here we go. there you go, magic. down 3% on richemont. the read across is on to swatch. maybe they will have to reconsider their pricing policy. jonathan: manus cranny, what market intuition. thank you for joining us. the ftse 100 up by 0.25%. the dax up by about 0.1%. we will talk about that later in the show. i want to take things over to asia and turn our attention to japan. the boj keeping its ¥80 trillion stimulus program unc