is the biggest revamp our cathay pacific in two decades.iew will see job cuts at the top, with measures to take affect why the middle of the year. somey pacific did say that new jobs will be created, and be eliminated as it is looking to trim fat. let's take a look at this chart, the pressure on passenger yields. we will show you how we have seen field slump to a seven-year low. pacificns that cathay earns less per passenger. in the first half of 2016, saw an 82% 10% and plunge in net income. on wednesday, it warned that the second half of 2016 will not be any better. in march, it will be releasing full-year results. ,ishaad: right, historically lasted about three years. could it mean change at the top? sophie: a spokesperson did not comment on speculation whether he would be replaced, but since sharek over in 2014, the price has slumped 30%, so he has been under pressure to deliver. it could well be that chu will not be there long. it is the third worst performer on the hang seng this year. not one of 19 analysts tracked by bloomberg is re

cathay pacific has pledged to use clean jet fuel partly made from garbage in a bid to cut harmful emissions. this is in the south china morning post. and does this bear any resemblance to anyone in your family? does this bear any resemblance to anyone in yourfamily? it is a drawing of a newly discovered fossil one millimetre in size and 540 million years old, and it is humanity's earliest known as revolutionary ancestor, apparently. that is on the telegraph website. joining us is tom stevenson — investment director at personal investment firm fidelity international. barack 0bama only ba rack 0bama only left barack 0bama only left office 12 days ago and he has a ready is taken out that american values are the sta ke out that american values are the stake and people in the uk are protesting. in the uk people on the street. very unusual. you pointed out former president barak 0bama's comments and it is very unusual for a former president to criticise the current president but it is all around the world. theresa may is in around the world. theresa may is in a difficult position. difficult for a

let's talk about cathay pacific. they are looking to fly on rubbish.n working on these for years and yea rs, been working on these for years and years, but they are saying they are going to fly 80% flights just on biofuels. 0ne going to fly 80% flights just on biofuels. one of the hold—ups is safety. if you' re biofuels. one of the hold—ups is safety. if you're a safety regulator, you don't want to certify that fuels are ok. i wonder if you could get a cheap flight and say, "ivm could get a cheap flight and say, "i'm going to donate all my rubbish for six months. can i have a ticket to shanghai?" there have been a lot of questions about the real green credentials of bio fuels, if they are diverting fuel that was meant for crops, are you really saving that much c02? cathay pacific are doing the best they can. thanks, dominic. what's it called citizen maths? that's it. i will test my skills later. thanks for your company. i will see you soon. the weather is looking pretty u nsettled the weather is looking pretty unsettled for the rest of this week. some

cathay pacific has pledged to use clean jet fuel partly made from garbage in a bid to cut harmful emissionss this bear any resemblance to anyone in your family? does this bear any resemblance to anyone in yourfamily? it is a drawing of a newly discovered fossil one millimetre in size and 540 million years old, and it is humanity's earliest known as revolutionary ancestor, apparently. that is on the telegraph website. joining us is tom stevenson — investment director at personal investment firm fidelity international. barack obama only ba rack obama only left barack obama only left office 12 days ago and he has a ready is taken out that american values are the sta ke out that american values are the stake and people in the uk are protesting. in the uk people on the

shares of cathay pacific have fallen sharply after the hong kong based airline said it would restructure of what it calls "huge pressure on our business". cathay is facing the rise of low cost carriers in asia — as well as expansion by its premium rivals — and uncertainty about the global economy. investors though are concerned by a lack of detail about the restructuring, which cathay describes as its biggest shake—up in 20 years i'm glad you mentioned that, the reasons why the shares were down, because normally when a countries as we are cutting jobs, shares go up. they have been hit very hard. they are ina they have been hit very hard. they are in a bad way. very good airline, though. the other big story coming out of asia today: a court in south korea has rejected a request for an arrest warrant of the defacto boss of samsung jay y lee. kevin kim is in seoul with the latest the last 2a hours may have been one of the longest and dramatic forjay y lee. at the cityjail, the head of south korea's biggest company waited through the night until the court came to a decision to release him. e

the south china morning post reports on the hong kong based airline, cathay pacific, and its plans toaft. it says it hopes a switch to bio—fuels will reduce the amount of greenhouse gases it generates by up to 80% on some of its longer flights. and the philippines inquirer leads on the miss universe beauty pageant. the title was taken by france's iris mittenaire, but the reason for her spot on page one is perhaps because the woman handing her the crown is last year's champion, pia wurtzback, from the philippines. that is the latest from the major headlines. and, babita, what's trending right now is that an actor is leaving a famous tv timelord character behind. yeah, that's right, rico. generating a lot of attention on twitter is news that current owner of the tardis has decided to move on. actor peter capaldi, who has played doctor who since 2013, has announced he is quitting. one of the biggest hits for the bbc. but don't shed too many tears, science fictions fans! capaldi will reprise the role for the 2017 doctor who christmas special. a global network of wildlife traffickers selli

the south china morning post reports on the hong kong based airline, cathay pacific, and its plans tot says it hopes a switch to bio—fuels will reduce the amount of greenhouse gases it generates by up to eighty % on some of its longer flights. and the philippines inquirer and the philippines star leads on the miss universe beauty pageant. the title was taken by france's iris mittenaire. but the reason for her spot on page one is perhaps because the woman handing her the crown is last year's champion, pia wurtzback from the philippines. a global network of wildlife traffickers selling baby chimpanzees has been exposed by a bbc news investigation. the tiny animals seized from the wild in west africa are sold as pets as far away as the gulf states and china. the bbc worked undercover in ivory coast to produce this report with our science editor david shukman. a baby chimpanzee. captured from a jungle in west africa. 0rphaned after poachers killed its family and now looking for reassurance. during a year—long investigation, we were sent these videos by dealers offering to sell the tiny an

cathay pacific may read a sign staff to digitally-focus jobs and has not ruled out redundancies.a boost its stake to prevent companies from takeovers. a former chairman was ousted in a boardroom coup in october. be watching reliance and mumbai this morning after earnings beat estimates, third quarter profits jumped 10% to $1.2 billion thanks to higher petrochemical earnings and investment gains. invests billions in new areas like 4g mobile services and retail. let's return to the markets ahead of theresa may's brexit speech confirming the u.k. will leave the single market. let's bring in state street global advisors, great to see you. this is not the first time theresa may has caused volatility and sterling. the far left, that is brexit, but the other times we have seen significant downside for the pound. atstabilized on sterling 120, but what you expecting to hear from her? can she cause more damage? week, sos a difficult we have theresa may coming in this afternoon, but also donald inaugurated at the end of this week, so what we see in the first half of this some policy uncerta

business flash headlines, cathay pacific shares rising after announced plans to shorten its readhedging brand its workforce. the kerry saying it won't hedge feel bets as it has in the past after losing more than $1 billion in the last three years. staff andlso reassign has not ruled out redundancies. reassure beijing that foxconn remains committed to china as it expands its u.s. operations. a high-ranking chinese official expressed concern to gou about the iphone makers american plans. trump has singled out apple as a country that should manufacture in the u.s. gou declined an invitation to trump's inauguration. pointed a group president and ceo. he says he is delighted to be part of baidu's evolution. he has a phd in computer science and holds 48 u.s. patents. an search giant has set up augmented reality lab in beijing as it seeks to head off rivals and new forms of advertising. welcome back. are our guests. ands focus now on trump what happens after the inauguration after january 20. we have u.k. triggering article 50, brexit speech today from theresa may, what should investors be loo

stocks on the hsi in the red, cathay pacific and sands china. casino operator posted weaker earnings given poor results from the macau operations there. elsewhere in the region, we have the kospi up 1%. their ofing a drop 11%. that is a look at the region. some nice patches of green coming through. rishaad: thank you. the chinese premier li keqiang saying his company will champion economic openness, describing china has a "anchor of stability" during what is a testing time. john, why don't you take us through his message first of all. >> sure. the main message is china stands trade,nness, openness of openness of economics. he recognizes that problems arise, but he says we should sit down and talk and be open about this and reach a consensus on how to solve those problems. qe says china is behind that, and as the world becomes more uncertain, we should remember these principles and not shy away from them. let's talk about timing. now?s he saying this i guess we do have somebody in the white house and that has not escaped him. obviously president

cathay pacific and other airlines have been waiting refund fees. 6:31 p.m.ead across the united states. we look through the prism of the markets, this coming from iag saying the main focus of the weekend has been trump's immigration policy, and would not be surprised to see some heat when we have trading. he went on to say the markets are starting to price in a stronger trump risk premium than there was before. seattle, pictures from the western seaboard of the united states. delta remains grounded across the u.s. as the carrier says its systems are down through what is described as "automation issues." last week, delta grounded flights for two hours. more than 2000 flights were affected. delta said planes already in the air were not affected. with 26000 countries journalists. you are watching bloomberg. new year means the vast number of markets are not trading today. the nikkei off by .3% there. ♪ francine: if the donald trump policies get implemented and executed, what does that mean for the middle class in america? will they be better off than they are no