they were wondering -- londoners buying in london.hey are keen and open. >> we will leave it on that note. thank you very much for your thoughts. we will have much more in advance of the budget today. very much a political focus in the story coming out of the chancellor today. he is definitely repositioning the country for the next general election. we're going to hear a lot about exports so we will hear about that later in the morning. back to you. is 7-19.me in london we will be back with ubs's u.k. head of investment on what to more expect from chancellor osborne's budget speech ♪ >> welcome back to "countdown." i am anna edwards. >> and i am mark barton. let's chat about the budget bill still sitting, still chomping at the bit weird bill o'neill from ubs wealth management -- at the bit there. bill o'neill from ubs wealth management. give us your assessment of the housing market, focused on supply and demand. the knee has predominantly been the focus here in the u.k.. -- the need has been predominantly the focus in the u.k. >> surv

i am francine lacqua in london.e are on bloomberg tv, radio, and streaming on your phone, your tablet, and bloomberg.com. here is a stock that is on the move. it is the italian eyewear company. oakley. ray-ban and they are helping google glasgow mainstream. mainstream. we understand they are setting up special teams that focus on design elements and engineering of this rut. we do not exactly know what it will look like and what brand -- if it could be a ray-ban google glass or something like that. we will get to the bottom of that. as the u.s. targets russian markets, business is going for more capital outflows. ryan chilcote joins us with the megafon ceo. inside russian business. are these sanctions having any impact or not? we will discuss that with the the country's, second-largest mobile operator. how many customers do you have? >> about 70 million customers, half of the russian population. >> how are the sanctions we have seen thus far, how is that affecting megafon? >> first of all, i do not think they are aff

london. 11:00 in london. >> that will be a speech to watch for. everve of course the first press conference by the new head of the federal reserve. >> nine straight years, that is 30 six quarters with sales increases. -- that is 36 quarters with sales increases. shares have slumped 15% year to date. everyone's lips in the united kingdom. how will sainsbury ride this out? >> people just want better value. jon, you are watching the copper mining company. >> yes, earnings down on last year. downto-date, copper is 11%. the estimates. happens going forward? the copper prices falling. right, jonathan. we are watching antofagasta. we will watch the fed tomorrow and the u.k. budget. we are watching carmakers. car sales rose some 7.6% in february. this is largely helped by new models, but also some cash from incentives in europe. nothing to write home about. we will take it. jonathan, we have lots of components in today's trading session. what are you concentrating on? expect them to vote against it. it is all about the details. right now, they say it is t

caroline hyde is in london.te is in moscow. >> what we have is a symbolic in sochi.ncel the g-8 instead, there will be a g-7 in brussels. in terms of new sanctions, they are targeting energy, arms, and financials but only if there is additional action from russia. most of the officials we have been talking to say that means an incursion into the used in .kraine, but a new incursion that would trigger new sanctions. >> we will cross live to hans throughout the morning. let's go straight to moscow. ryan, you are covering the story from that end. >> we are going inside russian business to understand how the sanctions or the threat of sanctions is affecting things. we have the ceo of megaphone, the third-largest mobile operator in london -- in russia. we will talk to him in a few minutes. >> i am looking forward to the interview.

record house prices in london, but not uniformly across london. some of the more prime regions. >> that is right. arrows droppednd by 1.3% on average. the ripple effect spread to other regions that seemed comparatively good values. i hate to see cheaper, but better values. >> explained the big monthly gain. toone does not want to take much store on monthly figures in some of the smaller boroughs. certainly, if you look at the east london as a whole, and great year on year rises. and othern hackney boroughs. only twoe key things, or three stops from the city of london or four or five stops from the west end. of 400,000 pounds or 500,000 pounds compared to central london at 2 million pounds. >> prices you're seen in this key wealthy areas, any sense that russian investors or russian residents might be taking money out of the u.k. housing market at all? >> given the turmoil, london is even more of a safe haven. .o hint of that yet obviously it is early days. if you want your money in a safe -- >> let's i think not focus too much on london otherwise w

i'm francine in london.at the south by southwest conference, edward snowden called on technology companies intake a leading role protecting user privacy. hans nichols, he caused point a stir. >> he caused a stir and it was a rare and well received appearance. there is a fire going on in the attempt to burn the internet and he wants people to be the firefighters. an interesting point is that he made it clear that tech companies have the right to gather data of their consumers. >> i want to say that you cannot collect any data. i want to say that you should only collect and hold the data for as long as necessary. whether you are google or facebook, you can do these things in a responsible way where you still get value out of without the abuse. >> the constitution behind him is clear and the sound is spotty because they bounced around from server to server as he spoke from an undisclosed location in russia. he called on entrepreneurs to have a tactical response to this and he said that they would have more resp

john kerry is in london today.h the russian foreign minister in a last-ditch attempt over the crimean vote on sunday. they're voting to join russia. this violates ukraine's constitution and international law. >> we are getting the latest out of russia. what do we know? benchmark rate in russia. it is on hold at seven percent. we had a surprise hike last month. are 150 basis points, the highest since 1998. that was to prevent inflation. the ruble is still at a record is. only one analyst forecasting another cut to 6.5%. you can see the ruble pushing just a touch higher. >> thank you so much for that. jon ferro is with the latest on this russian central bank. >> billionaires in russia and the ukraine are bracing for further losses. helping to quantify the losses is robert lafranco. who is being affected? how is this impacting it rushes richest? youf you're in russia and have money, you are being affected. we are talking about the richest of them all in russia. indexre 19 guys on our and they control about $200 billio

>>supervisor london breed: supervisor tang? tang tang i -- >>supervisor katy tang: i know this ranges in different sizes. what are festivals going to be paying? >> we have an estimate of $529,000. this covers about 30 events annually for festivals and street fairs. >> let's say for example a small block party, 2 blocks, what would an organizer expect to pay for that on traffic controls? >> it depends on what services they need. they could need an x number of parking control officers that handle safety and traffic mitigation. other larger ones could be where towing is involved. that depends on the festival itself. i can provide you with an example if you like? >> sure. that would be great, thank you. >>supervisor london breed: thank you. >> thank you. >> the next audit i would like to speak about the 2012 audit for kci for medical equipment. there were eight recommendations that focused on improving monitoring of the contract. dph has implemented three recommendations and reports implementing process of three more including crea

midday in london, 7:00 a.m. in london, 1:00 p.m. in paris where a face-to-face meeting between russia's foreign minister and the american secretary of state is due to begin shortly. it should be a critically important rendezvous in the effort to bring some calm to the situation in ukraine. already the paris gathering looks fragile to say the least as initial hopes of a russia and ukrainian meeting has been dashed. the u.s. accused russia of an act of aggression. mr. lavrov said moscow wasn't in direct control of those forces. tim willcox is in the capital kiev. let's go over to tim. >> reporter: thanks very much indeed. you've joined me live on independence square. the demonstrators, the protest is have gone. still people coming to lay flowers there at the shrines to those people killed just under a fortnight ago. this particular student died, he was from kiev. what is striking, david, is all around this square there are shrines to people all over ukraine, not just kiev or the west of this country but also from the east and from cri

but, you know, as i londdoner i have -- london her, i have fallen back in love with london. >> jon: londonks. they figured out. >> we've had long enough. it's like we've been practicing for years. >> jon: how is the addition i kkow they built the ferris wheel. has that become a decent addition. do people come and say tower of london, ferris wheel i don't know what the (bleep) is goiig on. >> like everything in london it was built and put up for the millennium and blair thought okay you've had your fun, let's take it down and thh eople were like it's cool. we want to use this. that's very popular. what have we ot that is new. the tallest building in europe called the shard. it's about the most unfortunate name. >> jon: i was going to the top of shod but i didn't do it. >> let me take you up. terrible. >> jon: i was there will when a building looked like a giant vibrator. there was -- it's silver thank is not the shard. it's the gerken j is that really the gerken? why not just call it the (bleep). that's crazy. it's called he gerken? the official title, not the one the kids call it behind it

london is seen as a second home capital of the world. london is a fantastic cosmetologist city. money is safe here. we are seeing investors politically driven. a lot of french are coming. we are seeing the money from the russians. money from the middle east. >> where us would've the russians put their money? you said john taylor has an office and france. monaco. >> john taylor has offices across from luxury areas of europe and its the resources. buys are through our offices in france. they are russian speakers. russian speakers form nine percent of the market. up to 50% and places like -- >> any competition? >> a bit of competition. some was a three or four homes fortunately. they may want somewhere in london or the south of france and we could help them if they want a ski lodge. >> david, thank you for speaking with you. david adams from john taylor in the u.k. he has 12 buyers assessing this particular flat close to 9 million pounds was up some have come back for a second viewing. might not be on the shelves for that much longer. i will show you more. a little more of the luxu

in london you have a sense of the world meeting here. much easier to develop and build things. in a little country, we have built a global brand in our region. hopefully we will be able to do do inthings with what we q p.r. from a business aspect. >> that was tony fernandez. >> we will show you who's leading the race from the streets of paris. that is next on "countdown." ♪ >> its time for hotshots to look at some of the most compelling images of the day. when competitive skiing game to a close in switzerland, the final downhill of the season was no woman hast. gut. stageces than paris-nice cycling race. it is at the halfway stage of the competition. the race continues tomorrow. is the girls zookeeper who finally got a look at the newborn tree kangaroo after nine years of waiting. it is the first tree kangaroo to be born in missouri more than 20 years. -- to be born in the zoo in more than 20 years. >> is this the same rule about pandas that applies to small marsupials as well? any small baby ones just make great television? it is true,

a number of ipos are taking place in london. what can you get for pound in london? you ever been to p oundland and asked, how much is this? joke,t is a terrible manus. mark, back to you. i carolyn hired -- heroin and are talking about what it -- caroline and i are talking about what is luxury? >> they are not as luxurious as the likes of -- but they are deemed luxury. not in favor today. 4% onks like it is up some of the calls because negative sales and earnings momentum is what we've got. margins and the measure of profitability on issues seems to be declining. sales are slowing a lot, particularly in italy where it is significantly expose. many are saying that it remains a prime acquisition target. we have seen a lot of consolidation in the luxury market. out smallerto buy companies. -- may fall in terms of share prices around 1%. we're talking proper luxury. 1000 pounds for high heels. four rain more than boots made out of pvc. that is a pretty luxurious boot. i could have done with some higher boots. underwhelming is generally the consensus. earnings came in lin

and a reminder, we continue to watch developments coming out of london. when secretary of state, john kerry, wraps up his meeting with sergei lavrov, we'll bring you that comment live. it is the inside story. ♪ . >> hello, i'm ray swarez, the man who used to be jorge mario is cardinal arch bishop has shown he is a master of flipping the script. it started from the moment the votes that made him the head of the worldwide catholic church were counted an enormous crowd gathering in st. peters square, the cheering throng was waiting for the new pope to pray for them. in his first request was that they pray for him. the first pope from the global south has brought an abrupt departure in style from his predecessor, said striking and surprising things blown like a strong breeze of his tiny state. and maybe hasn't changed all that much. yet. an old church, a new pope, the what we don't know yet what could be an era of change in the word's largest group on this edition of inside story. we will start this look forward with a look back at a momentous year. who am i

steves: london is growing, and its underground is growing with it.historically, most london attractions have been contained within its downtown circle line, but there's a new tube network emerging, and it's clear -- london is shifting east. each morning, a thunderous high-tech workforce surges into a district called the docklands. once a gritty industrial harbor, then a neglected no-man's-land, today the docklands has been transformed. it fills a peninsula created by a bend in the thames with gleaming skyscrapers springing out of a futuristic people zone. canary wharf tower is one of the mightiest skyscrapers in all of europe. workers enjoy good public transit and plenty of green spaces for relaxing. the entire ensemble sits upon a vast underground shopping mall. in the 1700s, the thames riverfront was jammed up with shipping in downtown london while this end of town was an industrial zone with the stinky industries -- glue making, chemical works, and so on -- conveniently located just downwind from the rest of the city. in order to relieve all the c

and are focused on london only in london and areas outside of surrey and the like. a lot of people are talking about this. it's a pure play on the london property market. >> remind me when i am 80 what will the average price of robert he be? >> it's fairly disputable. they are saying by 2050 the average price in prime london you could have a flat that costs 36 million pounds. people look atd this stock can see it up 60% in september, they say it might look wobbly. this fund is long property. >> maybe they are happy for longs to join in on that property call in anticipation of the price rise. >> i imagine that is the objective. there are people -- there was a debate but a group last week. the ceo says on the prime end of the market, what you saw was domestic home share and a huge transfer of ownership to foreign buyers. when that happened price continued to go up and leverage continued to fall. the means there is nothing bank of england can do about it. >> the market look so different -- twod to reveal per previous times when houses were on the rise. >> there is an i

and we're still watching the situation in london right now. we're awaiting word from secretary of state, john kerry, who says that he will speak to reporters once his meeting with sergei lavrov ends. and they have been meeting, and no word on whether any deal has been made. >> one week after no sign, the search for flight 370 is happening again. this time over the vast treps of the indian ocean and the china see. a navy warship was sent in by the u.s. lisa stark is in washington d.c., and lots of talk now that this may have been foul play. what do we know about that? >> well, del, i should caution that i've been involved in covering many investigations where some piece of information changes, and then the whole premise changes. but right now, based on what investigators know, it does seem that this is very suspicious. that foul play could likely be involved. we have two systems on the plane, the one that sends outdata on where the plane is located and the one that sends out engine performance data, both of those systems apparently went dark, a

london time. thank you.ama continues the european tour that has been dominated by the crisis in ukraine. russian reaction. good morning. >> there is that no russian reaction. president putin presided over an award ceremony for actors and artists. the day before he presented for -- over an award ceremony for people at the sochi games. the mo is it is business as usual. we have taken crimea. it is ours and he would be careful not to make any provocative comments. we have not seen any provocative action. the kremlin banking on the idea leaders with eu their individual economic interests when it comes to their relationship with russia is going to prevent them from unifying joining up with president obama and rationing up the sanctions. they're hoping this whole thing will just blow over. >> we are expecting the imf assessment to the ukrainian bailout request. tellis -- tell us what is at stake. >> we are expecting that announcement today. we heard from the ukrainian finance minister saying that -- what is at sta

that will be the fascination because of china exposure. >> 8:15 london time. >> 8:15 london time. >>ry much. >> next we are going to take a look at the battle of the brands. it will come to a head at the football world cup. pre-k's these are the top headlines. barack obama and german .hancellor angela merkel agreed the two leaders agreed to remain in contact and coordinate closely. they want to deploy international observers and initiate direct talks between russia and ukraine. a strong belief that russia's actions is violating international law. president putin seems to have a different set of lawyers making a different set of interpretations, but i don't think that's fooling anybody. i think everybody recognizes that, although russia has legitimate interests and what happens in a neighboring state, that does not give it the right to use force as means of exerting influence inside of that state. >> u.s. secretary of state john kerry will meet with russia's foreign minister in paris today. the diplomats aimed to reduce tension. earlier in kiev kerry offered ukraine loan guarantees. h

they have come to london and they like the lifestyle. they like the legal system and property rights that they feel can be protected in the u.k. rather than russia. >> what kind of businesses have already been disrupted by the ukraine? >> have been a couple initial offerings shelved by a retailer that has put off its ipo and another is a pretty well known german retailer that was going to float its russian retail business. was shelved.terday companies are looking to come to the public markets, work largely to be done here. they are saying, we will hold off. >> we saw david cameron want around the halls. he is right now wondering around downing street trying to figure out what to say to angela merkel. does prime minister cameron greek the oligarchs? a complex relationship. the british government is in a here.stop -- tough spot they do not want to jeopardize the city of london, and enormous driver of british economy. on the other, they have to stand with european allies, germany, poland, you france, and so on. act. is a real balancing pola

i'm francine lacqua in london.his is "on the move" on bluebird television and streaming on your phone and your tablet and bloomberg.com. h&m the retailer came out with figures today disappointing, especially in terms of margins. first-quarter profit rising less than analysts expected. h&m, one of the biggest dollars in today's trading session down 3.2%. five lenders failed the federal reserve's stress test. jonathan ferro has the report card. >> i will start with the big one. the fed says no. no to citigroup plans to buy back over six dollars billion in shares. that was a result of the central bank stress tests. there were two routes, and they are worth going over again. all of the big guns past the initial one. that was what if unemployment hit 11.3% and stocks plunged 50%. can those banks with sand a deep -- withstand a big recession. the results from the second stage were more than that. it took into account of the polity of their processes. it was subjective judgments about management. and it was not just citi

london-grad.hole, the russians in london more because there are not a lot of options for them for a place to service his enormous wealth. they don't, for the most part, come to the u.s. largely because they don't like the irs much. russian speakers, they don't have the knowledge. 7.2%, whichent is is flat with the previous month. >> this is part of the problem with britain as a whole, which is there really are two economies. there is london and london being driven by the financial sector. in the second part, there are big problems in the u.k.. traditionally, the country is been able to lead on the financial sector, which is such a dynamo. what the russian crisis threatens, some of the work that comes in to that hub. you so much, matthew campbell from london. >> sticking with the british economy, the u.k. hopes it has found a way to deter counterfeiters. the british are coming out with a new coin. after the current model spend millions of fakes. it is -- >> come on, it looks like bitcoin. >> 12 sid

there has been start lipping news from london, a -- startling news from london, a leak to the "guardian" newspaper that britain's government issued an internal position paper saying that britain wants to stop american sanctions from hurting the interests of the city of london. that means ta britain is talking in conversations with n.a.t.o. allies that it doesn't want sanctions that can hit vladimir putin where it hurts. >> you're reporting that you believe they are considering in london some sort of legislation that would prevent american sanctions affecting the city of london, the financial sector in london. >> there was a leak to a british newspaper, an internal position paper of what the government should argue for over the next few days within the west, and that is a point >> that indicates there's no willingness on the british side to go forward with significant sanctions against russia. >> exactly. the only sanctions that could hurt vladimir putin and make him stop is restrictions on russian companies to the west. banking restrictions on russian officials, access to all of their i

once in london, this is on the move. streaming on your phone, your tablet, and on bloomberg.com full up still with us is the global equity funds manager. or in the break, we discussed a couple of ipos and what is your that at home. you have a lot of valuation in this area that is a little stretch. flex we had a rush to the market by a lot of by the equity groups on.have tried to hang but you are disparaging a private equities. are all very rich. that is what i have to say and i think that these are scary. you look at the recent valuations and that was off of the scale. is always about the valuation and what worries me is that people are getting a little overheated with the valuations and are chasing the mark. the investment bankers are happy to push the valuations. going getting through and through the price trap. it looks to me that it is 345.ng at that is where we are at the moment. that is quite an indication. let us move it along. you have sent in a piece that talks about global equities. u.s.,g off with the househol

so london, as i say, we like money. it's tough.oes make it very difficult for our government to make any kind of independent judgment. >> fascinating and chilling. oliver, thank you so much. we appreciate it. wolf blitzer is here with a preview of the "situation room." you don't typically interview singers, but you have a pop show on your show tonight who was involved in the protests in ukraine. >> she is the major pop star of ukraine. happens to be in washington right now. she met with the first lady. met with the vice president, she met with john mccain. she's a political activist. there you see some of the video. she's going to be with me in the situation room. we're going to talk about the situation and her country in ukraine right now. she's amazing. she won the euro vision contest. the song contest back in 2004, which i'm sure you were watching. >> i was well aware of that award. well, we're looking forward to it. thank you so much. >> thank you. >> still ahead, if one lawmaker has his way, there'll be a lot less to see at se

i am francine lacqua here in london. this is "on the move".e just had breaking news on the sons of rupert murdoch, named nonexecutive cochairman of news corp.. the arm thatfox, does the movies, named james murdoch co-chief operating officer of that division. we are seeing changes at the top. we will bring you price reaction. that thement, we know nonexecutive cochairman of news corp. and we will bring you much more on that and the repercussions. chlanin murdoch -- la resigning from that and they had to appoint a new ceo. it is all linked. move isstock on the lloyds banking group. for more on lloyds, i am joined by a manus cranny. this is a profit for the government. >> it is. look at that stock price. down over five percent. it is a profit. look at that. they had to discount the price. they got the institutions to come in and did. -- and bid. pence.d at 75.5 we use ate price bloomberg is 61 pence because lloyds paid for insurance on their tactic assets -- on their toxic assets. we know a profit which that george osborne is going to use to pay

many wealthy travelers coming through your store in london.e your fair share of russian visits as well. given the geopolitical climate, do you have any recent intelligence on the sightings of russian tourists at fortnum? >> we do indeed have russian visitors. they are our fifth most important international customer traveler. chinese are also very important in increasing numbers. the russians of course love tea and they hear about fortnum through the marketing we do in the region directly. russians are also coming to an important holiday destination. is actually aubai very safe place to do business. the exports, we are going to see more global travelers heading to dubai. fewer russians in your london stores right now? >> not particularly. business is very buoyant. we are still growing in piccadilly, and double digits. where our london-based business has changed is we are receiving more domestic customers. i feel that fortnum is becoming more relevant to the smart folk of london and from all parts of the u.k. coming into london and much morenum

but, as i say, in london, they have made a fortune from russian offerings. in germany, they've got businesses. exxon, ford, citi, gm, they are all in russia. without banking sanctions, we don't really hurt them. >> i agree. traditional europe likes us to play the bad guys. that won't work in this case. the banking relationships in london, as you point out, the business relationships cross europe, the investments they've made are numerous, the stock market relationships in london and we're going to find out if europe is serious about containing russia with crimea or they are going to try to finesse some way to -- i agree with you. it won't work without them? >> you've got olagarts sending kids to our schools, own fancy apartment buildings, steel mills, we've been through that on this program. i have not heard a peep. literally i have not heard a little bo peep out of british prime minister david cameron. i'm sure president obama is talking to him because his aides know it cannot be done without london. >> he's not being a leader, frankly, in the international

will london play ball, do you think? i have not heard mr. cameron, prime minister cameron say anything. >> i think you're quite right about that. i think the feeling in the uk is different than it is in washington precisely because of what you just described. more over, politically it's important to recall that great britain and russia have been undergoing their own renaissance, you know, reset over the last several months. and so they are at a different place. however, i want to point out a really important point. it's one thing to say you're going to sanctions individuals that are tied to the state in some way economically but that's not the entire russian economy. there are russian companies listed in london, listed around the world that have very little to do with the state and i think it's very important, as sanctions go forward, that those thinking about them distinguish between those tied to the state and in some way indirectly helping president putin doing what is he doing in the ukraine and those that have nothing to do with the sta

>>supervisor london breed: thank you, miss miller for putting this together so quickly. i do of course want there to be a little bit more time for input and i'm sure you got feedback that there are some other organizations that want to take the time to review it and provide input. i would like to make sure that we have the time to do that before we finalize the rfp and i wanted to get a sense of how my colleagues as well as how members of the public feel about how we move forward with shell. because there have been some challenges and i don't feel that they have been the best community partner in this community effort and there has been a challenge around communication and miscommunication. i'm not completely certain about how i feel about acknowledging that relationship or retaining that relationship. but i would like to hear from, especially from people who have been actively engaged in this process and whether or not we allow this particular project, whether we use it from a context of explaining the history of how we got to this point which of course makes censor --

london is often affectionately refer to his london grad planning the destruction of the techniques they regard the case capsule is opened from time. some two hundred thousand russians live work and businesses in london due to its reputation as a financial sense to its respective legal system and a general way of life. very few of the international financial centers like this the tomb and that are knowledgeable and has been in there. and user friendly for the russian businesses and has been. and for many years now. russia's early demonstration of ukraine's crimean peninsula has led to the imposition of sanctions there are concerns among wealthy russians that is fixed into trouble by resorts increases in the uk. we're acknowledging the short term on potentially the will be paid for them. while people put on hold projects which can be put on hold. i'm not going to wait and see position. and i hear them where they will be courses take on new projects financed projects that run in the long term. unless things get worse in the long term on. it is difficult to see on. for an easy replacement p

we are live from bloomberg european headquarters in london. british foreign secretary william hague has just been making statements in kiev. let's get the latest from what he has to say. remember, ukraine mobilizing its military within the last 48 hours. as russia tie-ins its grip on the crimea. ryan chilcote has been joining -- following the story by kiev -- from kiev and he joins us by phone. foreign secretary arrived here earlier in the day. like you said, there is going to be a whole number of foreign ambassadors and secretaries who are coming here. saying thatbeen russia complained that its interests in the east and the south of the country when it comes to the russian speaking population had been ignored. of course, first and foremost, he is saying that he is in ukraine to express his support for ukrainian sovereignty. i think we can expect quite clearly him to work very carefully with secretary kerry of the united states who will be in late tonight and with the ukrainians tomorrow morning to do what he can to prop up ukraine but at the

and it was a true christian creed patrols the streets of london. maybe it was held to aggressive islam the kitchen the local community has paid its actually something religious base stories and the lake this is the week the bomb on the international. he can wander of ukraine's naval forces has pledged his allegiance to the crimean people. it follows reports that ukrainian troops stationed in the peninsula but either quitting would jointly court defense groups on less effectively putting the authorities in crimea the tantric buddies were freshman has more. on sunday the challenge of ukraine's naval force pledged his allegiance to cry means people swearing to strictly comply with the orders to the supreme command to all the economists region. mr berry's ok was appointed to the space by the country's new authorities or analysis of the day off set the previous come monday had resigned all the necessary patriots were signed by ukraine self proclaimed president of the stairs to achieve this the lease and two will face an experienced officer had to say ex

a cosmopolitan city in london. we're going to show that the aga can cook whatever style you want whether it is a chinese style or american style. you're going to find somebody cooking in that style. >> in five years, where will you expanded the most? your sales performance could be drastically different. because you wont 30% sales from china. is that too much? factor. is range rover there is a u.k. revival in midland's manufacturing which we are one. how is that going to impact on us? i think we have every opportunity. the product range we have now to really crack some international markets, we talked about america and we are also very enthusiastic about france. >> we set the target, half of our business needs to be outside the u.k. so we're not so vulnerable to the u.k. economic cycles. >> we'll have to get you back in that.k more about coming up, could this be the mysterious inventor of bitcoin? we have that story next. ♪ >> i'm francine lacqua here in london. this is "on the move" on bloomberg television stream

it is 4 clothesline 15 in london. -- it is 4:15 in london. frederick ericsson joins us from brussels. good morning. thank you for joining us today. >> good morning. >> frederick, we're awaiting news on the bailout for you crane. it could arrive today. that is good news when it comes to bankruptcy. what about the bigger issue of reviving and restructuralizing this economy. what measures need to be announced. what measures will be politically feasible. >> well, i mean, that is a very good question. that is also an issue which is much more in the hands of the current ukraine government and the government which is going to take office after the election. what you can do by the international monetary fund and what other external lenders can do is provide the resources to plug the gaps that are there now. both in terms of physical gaps and currency gaps and financing its external trade. but apart from that, they could have different conditions to the loans that they are going to give to the ukraine as well. it is very much in the hands of the gover

the london fire brigade is dispatched. it seems to be a routine call. >> an everyday call to a fire in an escalator, something we were receiving probably 20 or 30 times a month. so, it was no big deal. >> fire captain roger kendall, one of the first to reach the scene, waits above ground for his supervisor to report. >> we were waiting for message to come back to say that we're all going home or we may need a bit of equipment. >> trains continued to come and go, despite the minor commotion. musician ron lipsius arrives at the station on one of those trains. >> we notice these two men, i don't think they were in uniform, but they were blocking, physically blocking entrance to the wooden escalators on our left, which are the ones that directly go to the train. so, we thought, that's strange. it was actually a tiny bit hazy in there, too. we noticed that, too. a little bit smoky. >> firemen see a small fire burning about halfway up one of the escalators bringing passengers up the tracks to the ticket hall. >> a very experienc

he joins them that they take to the streets in east london we're waiting for. heading down to watch i wrote what i am thinking that was ruled was going to be happening for the whole thing. it could be described as spotlights many of them and is the full the bnp or egm then he gets differentiate themselves from the squeaks and insist they don't want to be a safety to the findings i take such is the same way amanda started with ntp has to try and go out the mess and he chose to leave england to the show. in sum then visit the great temple would be nice to mess with going on yahoo. problems but anyone above the line. bush demonstrators were carried out the story is told. they are suited to and from then on boxing day thing be it because the victims of a good thing. not on display at the gate to any content that isn't the chills that the tiny east london mosque is being singled out by the crease in the child the christian faith in the mosque say they feel called to the middle and a wife that the child is in place by john community relations. i welcome the t seventy

the biggest need is whether if it's happening in tests when evil intent on to london. while the use of siding with the usl with threats of sanctions against russia. the rocket science and eighty cents mention skin that high on here. the first of march and a team of coffee trade and industry is warning that denied the nation cannot fall to teach me some fun the phrase is the one billion yuan state of the solution to russia is at stake. european commie kids meanwhile could use baby gets mocked it. he is applied as to the eu with the threat since. add to the end the constant gets eighty percent of its annual gas from russia and to london that huge sums to bed to ferry into the city from plunging property sales from russians would be at risk and last but not least for its revenue to supple with nineteen million on a russian is a byzantine countries in the european country in the form of sinn fein is pecan slaying of combat phase of compromise is the totally out of the sand. houdini obey and accede to a new european union accepted kosovo but it's against the referendum in u

let's get more on that in our london broadcast center.p ahead of a referendum to be held in sent, these 750,000 both have a vote. nadine barber reports centuries of culture interaction have left a complicated attitude to be the issue. >> it's fast, it is fun, and above all it is scottish. but this is london, to be precise, the headquarters of the english both dancing. >> here many of the dancers scottish culture as a crucial part of a wider british identity. >> it has a distinctive quality. they inherited the region, essentially, you want to be proud of everyone in the united kingdom. that's why -- you know be involved in this sort of thing. >> i think there's sort of a union between england and scotland, which is engaged in everything, in terms of -- i'm scottish myself, we have the queen and last night the brocks and all that sort of thing what they have is -- many of the remembers have family connections to scotland but here at least there's little appetite for independence. >> having ruled out also enrollment of the use of the euro. t

i am manus cranny in london.ave a quick look at the markets as we in the first hour of training. you have london, paris, frankfurt on the decline. dax is down the most in five weeks in london down the most in a month. guy johnson picks up the pulse." that comes in just under two minutes. ♪ >> russian reaction. moscow's stock market plunges to five-year lows and the ruble slumps as its central bank delivers a shock rate hike. ukrainian rices intensifies. mobilization, the ukraine readies its army as russian troops tightened their grip on the crimea. meanwhile, western leaders while the pressure on. u.s. secretary of state kerry flies to kiev.

secretary of state john kerry is in london for talks with sergei lavrov. the last chance face-to-face dialogue before that haste live organized referendum on sunday. on his way to the encounter he was asked what hopes there were for something to be accomplished. >> we're working together in order to protect the integrity of ukraine. >> are you confident you can make progress? >> we're going to see where we are. >> that meeting due to begin around now at the u.s. ambassador's residence here in london. >>> other news at this hour, completely unconnected to what's happened to the malaysian aircraft, the nose gear collapsed on the run way at philadelphia international airport. 149 passengers were evacuated from the plane. the landing gear failed, forcing the pilot to abort takeoff. >>> six people have been killed in a knife attack in changsha. police shot dead one suspect. there are reports the incident was triggered by a dispute at the market. >>> the veteran british labor party politician tony benn died at the age of 88. he gave up a title in the house of lo