coming up over the course of the next hour, a lifeline to certainly energy giant edf, but will it be enough to save the nuclear project? we will have the details of that in business and yet another loss for the music business. we will have more on his life and legacy, coming up. ♪ the american president has made an impassioned plea for european unity in the face of rising populism and skepticism about the eu. barack obama was speaking in hanover at the opening this morning of the world largest -- world's largest technology show. >> i have come here today to the heart of europe to say that the united states and the entire world needs a strong and prosperous and democratic and united europe. your compliments -- your , in one european union, remains one of the greatest political and economic achievements of modern time. criticism ofalso europe, particularly when it came to defense. obama accused europe of being complacent, calling on them to share more of the burden. he also announced the deployment of 250 more american troops to syria. i spoke to rob parsons about the deployment would

edf will discuss this on the nuclear power plant until september. the company's board has been expected to sign off on the project in may. shares trading sharply lower this morning. and actually, one of the analysts is suggesting that this new issue, the 1 billion euros, will be 15% below the current chair price. so they adjusted the price target to ten years. so even below where we are trading today, the shares are lower when the ipo said it is more than likely a sale for the division. earlier we asked the ceo about this problem, frans van houten. >> in second quarter we hope to come to a conclusion and hope to shortly do that. if you look at the first quarter results, i think we have a 3% growth driven by 5% growth in our health activities. >> over in the german market, covestro is at 1.73%. after reporting a 22% rise in ebitda on the back of prices. this after receiving an upgrade from analysts at bank of america merrill lynch, which you can see higher by 2.9%. reportedly, seeking to shed a 13.5 billion swiss franc. novartis hires banks to sell 3

french power company edf has delayed their decision to build two nuclear reactioners in the u.k. they want time to consult about it. it follows criticism setting things up. they are expected to wait until after the annual shareholders meeting until may >>> hsbc has bowed to pressure over executive policies. it will cut the amount senior executive executives can earn by 7%. the bank's annual reports show the ceo was awarded 7.3 million pounds last year less than the 7.6 million pounds he earned in 2014. enitaly's most celebrated scooter, the vespa turns 70 this weekend. the patent was registered on april 23rd in 1946. >>> thank you, marcus. lots to think about over the weekend. >>> shifting now to media watch with escape ma james for a look at the talking points during th look at the talking points during the mma, james for a loo the talking points during the day. barack obama weighing in on the u.k.'s position in europe. he believes the u.k. is better and stronger in the e.u. barack obama is still very much largely popular in the u.k. it's important to hear barack obama and why w

by .5% and edf is down by 4.9%.s: japan is increasingly working for a shareholder unlike any other. that is the nation's central-bank. the etf purchases have made it a top 10 shareholder and about 90% of the nikkei 224. komura has more. what does this mean for investors? reporter: the information is public. we had two big into many different sources, but it is out there for people. many had to dig into different sources, but it is out there for people. this week, we expect the bank of japan to double the etf they buy. +++ don't really think about is, what really happens when it happens. what impact does this have on individual companies, that is what we looked at. 90% of the nikkei 225 count them as a top shareholder. the boj is a top-five shareholder and owns the present of the company. it is a $30 billion company. they have a lot of money. as far as your question, what it means for investors, it is a big boost to share prices. so good side, what does this do to corporate governance? as you know, index etf's are ch

france's ministers and the president have discussed the future of edf. stephen: it is worth over 37 billion euros in debt and it's not being helped by plunging on sisi prices. the company's board is an acting a new plane on friday, including a decision to proceed with a new plant in the u.k.. they will have to sign off on any new plan. he said the hinkley point project with go ahead. profitable business idea and a fun ones -- the world's smallest nightclub. stephen: it is quite a good read for something not useful anymore. a company called kelly disco converted three phone boxes into tiny nightclubs complete with disco balls, lights, and a small smoke machine. the current record is nine people managing to fit inside a phone box. i do not know if there is much room for dancing though. [laughter] genie: that actually looks kind of fun. thank you for that. that is a look at business news. now time for the press review. we are here on the set with a look at the papers. a lot of reaction to that u.s. primary in new york state. are calling it a happy homecomin

plansme reactor that edf to build at hinkley point is still under -- at hinckley point is still underconstruction elsewhere. >> building another nuclear reactor elsewhere in england is definitely premature. we need to take the time instead concentrate on this site -- instead to concentrate on this site. julia: it's already six years late and more than 11 billion euros over budget. the more we delay the operation on reactors in france, china, and finland, the more likely they will delay the decision to invest. needs another 20 billion euros to kick it into gear. board will decide whether to press ahead, but it is the french government that will have the final word. will: we will talk about french tech that is not home, but abroad. think of it like setting up of french silicon valley overseas. the french government has been pushing this initiative. today, it inaugurated its latest tech hub. let's cross to our correspondent in london, who is with a very important guest, the french minister of the digital economy. reporter: we obviously are with affairs,ter of digital and a very important

if you look at the individual stock action today, edf electricity de france is down on the capital increasephillips is down because they have not got a trade sale for their lighting unit. they have to float that. the banks have moved down during the course of the session. for some of the mining stocks it's about emerging markets. what's interesting is that there's a german magazine reporting that the conflict deutsch bank's board over the legal cost is now breaking out into the open. the deputy chairman to the magazine criticizing about an overzealous and judicial self-fulfillment in calling for more investigations and more lawyers which arguably goes on in many banks, it just doesn't break out into the open. >>> finally, i want to mention what happened over the weekend in austria, where the far right leader who you see here won the first round of the presidential vote by 35%. this is important because it highlights the trend towards anti-establishment practices or votes within the european union and therefore, at one point may actually threaten the cohe cohesiveness of the european union.