richard branson is focused on tourism, i think.hink they're all different and the space is so big, we need more of those. emily: you started this prize with mark zuckerberg and you were an early backer of facebook . facebook is in and existential crisis right now. how after mystic are you about further growth in facebook and social networks -- how optimistic are you about further growth in facebook, given its existential crisis? >> first of all i don't agree there is an existential crisis riyadh i think it is a little bump on the road. -- there is an existential crisis. i think it is a little bump on the road. and facebook are both amazing products with more than area +lion people each of the gig can call it an existential crisis. but i think facebook always was , they an evolving system have always been responding to challenges. the challenges they are facing can be solved through a combination of human attention and artificial intelligence. actorse are always bad who are testing different confidentbut i feel that this will be tak

richard branson is interested in tourism.hey are all different and spaces so big, so we need more of those. emily: you started this with mark zuckerberg and you are an early backer of the facebook. sort of is in a existential crisis right now, the next pivot toward messaging and video, the how optimistic are you towards this in general, given the saturation and privacy concerns? given the existential crisis. yuri: i do not agree it is an existential crisis. i think it is a little bump in the road. andink that facebook instagram are amazing products. with more than one billion people each, so you cannot really dismiss it as an existential crisis. [chuckling] but i think that facebook always was and is an evolving system. and they have always been responding to challenges. and the challenges that they are facing can be solved through a combination of human interaction, human attention, and artificial intelligence. always know, there are bad actors who are testing different products. um, but i think i feel confident that this wi

richard branson is the partial owner.ks with several companies be is facing financial stress from the higher price of oil. boxisney breaking the office with the return of wreck it ralph. internet tookhe in millions internationally. that helped the five-day holiday total cross $300 million for the first time. >> let's have a look. what is the sense we are getting? >> things are looking more positive then at the setup. here is what we are looking at in terms of tech names. hon hai is one to watch. there were reporters over the weekend, they stopped to ask about the fallout from the iphone demand essentially. he said, look, the business will remain strong until january. why the timeframe? some analysts say this is not exactly a better-than-expected iphone demand forecast. he is affecting the boost in sales for the rest of the year on customer requests that perhaps they could be frontloading more shipments of pcs or server components ahead of more u.s. tariffs on chinese goods. the taiwanese market rising the most this month.

she's not a household name, denise coates, but she's up there with the likes of richard branson in termse came back and took over her father ‘s string of betting shops around the stoke area and then made a big bet of her own senate to the online giant coral. she invested all in online gambling with bet365 and did turned out to be a fa ntastically and did turned out to be a fantastically good bet. she also got £45 million in the form of dividends. and with bet365, ambitious plans to expand to the us which has liberalised its gambling market. i think it is a racing certainty that she will be top of the earning charts for years to come dwarfing the pay—out to any loss of any ftse 100 dwarfing the pay—out to any loss of any ftse100 company and even people like sheryl sandberg. she's knocking spots off them and i think that will continue. ikea has said 350 of its employees in the uk are facing redundancy as part of its global transformation plan. the swedish home retailer, which has 17 stores in the uk, expects 7,500 jobs to be cut across its global operation. the firm's retail manager in the

they have raised $400 million in funding from notable investors including richard branson.y are opening their api for third-party businesses, but could the frenzy around brexit impact the business? ng usto discuss -- joinig from new york. brexit uncertainty, how is that impacting your business? >> i think we would like to move on and be done with endless drama of brexit. i don't think any technology company or anybody living in london is enjoying it right now. we would love a solution. emily: right, but the drama is continuing so how are you dealing with it? taavet: we care about regulation. we are opening an office in europe to be able to serve the european customers. how do we make sure that our employees in london, half of whom are not british can stay in london? how can we tell people that london is still a great place to come to? we strive on talent. u.k. needs to stay a very attractive place to attract talent. toly: what is your celsell employees at this moment of uncertainty? taavet: luckily, we are a global business. we have 10 offices around the world. if somebody

co-founder, no longer involved with the company, rob lloyd, recently the ceo now not there anymore, richard bransonpping back as chairman. there was an early deal with russia that now looks more controversial than it did at the time maybe you can clarify that and then there are reports of massive layoffs. saudi first and then cash. >> what i say more generally it's a region important for hyperloop. >> are they in or out? can you say? >> not sure. the middle east in general is a great area and has had a lot of support. we're thrilled they're one of our main investors and our current investors are leading this round of funding. and i'm excited about that in terms of being able to do it >> look, there's history, no question about that. but it is history. i think what you're really seeing today is the evolution of the company, the maturity of the company. we're an incredible tech company but we have to set these up as real projects and we're starting to tick off the things that say what makes this happen >> it sounds like the potential is richer overseas than at home. >> we have a number of projects. >

this could be the latest move in ongoing rivalries between the iag had an virgin owner richard bransonnancier joe blows presence a board meeting would erase the official report. they said it was done at the request of the printable secretary. wasappened before a report presented in 2016. the malaysian anticorruption commission said it started an investigation into the matter. that's your bloomberg business flash. manus: thank you very much. now, axis of interview. interview.sive this as it seeks to profit from the fastest-growing part of the oil industry. you also address the uncertainty around the business' ipo, but he dodged the issue after the scandals running the death of journalist jamal khashoggi. the man is healthy. we're looking at between 1.3 and 1.4 this year of additional demand. next year will be also the same in terms of additional demand. we're crossing hundred million dollars. there's a lot of demand in our industry. we're not looking only at oil. we're looking also at gas, lng, chemicals. so there's a lot of growth potential for saudi aramco as we try to balance our ups

you remember richard branson, the green, but the highest paid executives in the world last year was denisea salary, her total pay including dividends was 265 main pounds. 0ver a quarter of £1 billion. we don't know a great deal about her, she graduated from sheffield university, took over her small string of betting shops that her fatherjohn had owned and then decided to take a bet of her own setting up to coral and investing it all in online gambling and it has turned out to be amazing that, these astonishing sums. also along with herfamily amazing that, these astonishing sums. also along with her family she owns stoke city football club whose shirt sponsor is, let's guess, bet365. it has been driven by the splits of advertising you seek, ray winston, the hard man and film star, he is on the ads, but the person making the real money is denise coates. this comes on the same day asa coates. this comes on the same day as a report expressing real concern about gambling addiction amongst young people, teenagers, what has been the fallout from these wage figure revelations7 been the fallout fro