we will get back to that with ryan chilcote.his is before the sochi winter olympics began in 50 days time. let's get back to basics. how to deal with this taper. this is the senior global asset allocation strategist at ubs investments. we are having a little bit of a jump there. >> more m&a. >> this is a feature. a sweep of deals today, do you expect more and what is going to be the hot m&a industry of 2014? >> we think it is going to be tech. it is very much like 2000, 2001. they are forecasting about a 30% rise in global m&a. it could be in asia as well. we expect to see that pick up. that would be very good for the equity markets. >> what i want to know is, you 12 hours since this news came out. talk to me about the clients. what is going through their minds? are there beginning to a about adjusting their portfolios? are they having conversations and working on strategy? >> definitely. --2014, a lot of them expect they are looking for trades in 2014 will be like 2013. we don't think it will. we think the fx changes we see on

our tv africa anchor as well as ryan chilcote. emotional day for south africans all over the world and we have seen some amazing scenes coming out of south africa. >> firstly, when i heard the 9 p.m. or so,t at i was absolutely shocked. this is something we have been preparing ourselves for because he has been quite ill but it still comes as a shock. it is very emotional and it is a massive loss. of what is going on around his home, people are celebrating his life. it is a big shock. >> you did meet him. >> in 2007 he retired from the public eye. he announced he lost his son to hiv aids. and he is someone who came very and thought against the disease. he was a very humble man, all he was showing signs he was not really well and we spoke with him and he was full of smiles and always full of laughs. collects the economic legacy left behind, something that business week picked up on. fostering about growth in south africa today. let's remember where we came from. growth averaged that less than one and a half percent from 95- 2003. th

ryan chilcote in caroline hyde have more on those stories. ryan -- caroline? and airlines set to win out. domestic all about travel. china is really going to be feeling the growth but so will the middle east. i will dig into all the numbers and outline which carriers will be winning out for him the surge in passengers. notorious for pirated movies and music, the legal online media market is growing by leaps and bounds. very tiny now but it could be massive. of the talk to the ceo russian version of netflix and we are looking for clues as to what will happen next in ukraine. there is speculation that police or the government could try to use the military to clear the streets of kiev. we have the russian parliament addressing in a few hours and we will see what they have to say about his neighbor. >> coming up, i next guest says the fed, ecb, and boj will lower the rates. >> the news team is back. ron burgundy and his anchorman 2 crew have been doing allover america to create does for the film's sequel. keep it here. ♪ >> time for today's company news. montclair

ryan chilcote there, our man in russia putting it in context.h us for final thoughts on these markets. we are going to take a look at emerging-market currencies. there is a taper impact. i will show you where that is being felt most. currencies when we are back. ♪ >> welcome back to "on the move ." i said to you that tapering may not be felt in the equity markets right now. have a look at this. these are emerging-market currencies. this is dollar rising. down 21% thisee, year. dollar/turkish lira i'm a record low. record low for the turkish lira. the malaysian ringgit down 1.5% this week. nine straight weeks of declines. againstcomes to defense the fed, dollar/real traps -- drops. all that and more with guy johnson on "the pulse" coming up very shortly. edited for me for 2013 at bloomberg. see you in 2014. ♪ walks free asy president putin signed a decree pardoning the former oligarch. >> the writing is on the law as european eaters meet in brussels. >> shares slump as typhoon euro fighter sales try out in the deserts of the gulf. good morning. y

ryan chilcote joins us from berlin with the details. please be advised, some of our pictures do contain flash photography. weekend was the first time that mikhail khodorkovsky has announced -- has addressed the press as a freeman in more than a decade. he walked into that rest conference, that is where you got flash photography. he was greeted like a rockstar. i have not seen a kind of pandemonium in more than 20 years as a reporter. room was absolutely packed. the cameraman and i were not even -- were not even able to get a camera position as we were stuck behind hundreds of people. they were just trying to get a photo of the man as they applauded him and he came into the room. when you take that kind of reception coupled with where this was happening, a museum at checkpoint charlie, all of the cold war symbolism was there. perfect situation to be the freedom fighter and lash out at president putin, who he says kept him behind bars as a result of a political vendetta for more than a decade. what did he do? he says he has no issue with

ryan chilcote has the very latest. governornk of israel looks at the number two spot in the federal reserve. that is a according to people familiar with the selection process. president obama offered him the job and he excepted it. we have more. is he a surprising choice? >> surprising in the sense that you would expect the united states to appoint someone to israelin they hold citizenship and may serve a foreign government. hisainly, if you look at resume, he is a close thing you have two error and although. -- runn although enaldo.h -- r there is something that not other countries since i. -- can say. they have the strengthening shekel and it is year-by-year. is his previous career at m.i.t. and he was a mentor to number 90 and taught mario draghi and larry summers. at the imf, yes crisis fighting experience in israel. , there are few who can match fisher's qualifications. but you talked a number of times over the years. give me a sense of what he is like? -- like. he is someone who likes to have consensus and has re

ryan chilcote has more. ome in terms of share price, it is him is the fifth or what it was four years ago. today,etting hammered down on 10% so far today. to be fair come in 2013 if you balkedves of steel and on jennifer's commute so the 70% return which, compared to volkswagen with a 10% return is not bad at all. it has been a rocky ride. >> there has been a lot of news for peugeot. where is his announcement leave peugeot and mgm? >> gm is selling their stake here so going to buy and sell products alongside peugeot. it is not going to be on the same grand scale as envisioned a year ago. basically these two companies are realizing they will save less money than they thought and it is going to take them longer to get to those cost savings, but they are finding their competing for some of the same customers. maybe not huge issue for gm, but if you think about peugeot, i didn't see one single peugeot. carssell the bulk of their in europe unlike gm which sells globally. that is an issue. as far as the stake sale,

ryan chilcote joins us now with more. around half an hour ago, he walked out of jail. >> that is right. ,bout 20 minutes after 12:00 russia is four hours ahead of us, this was up in the far north of russia. he was released from a prison there. he spent the last decade in prison. some of that time knitting gloves. he was before he went to jail russia's richest man about $13 billion. the principal owner of the country's largest company called ukos which eventually was optioned off and became the main of another will company. vladimir putin yesterday told russia reporters that mikhail khodorkovsky had requested a pardon. he said it was going to grant it. we learned about an hour ago that that pardon had been granted and we got the news that he indeed has been released from prison after 10 years in russian jails. >> ryan, do we know where he is going? >> the thinking is that he will now go to germany. president putin yesterday said that he was being released on humanitarian grounds. that he had requested to be released so he

ryan chilcote has covered khodorkovsky for more than a decade and was in russia for his arrest in 2003. the world is easy to see move.kovsky's next there is a mystery, we know he hised in berlin to see ailing mother. we're getting word she may not be in germany. what is going on? >> he arrived in berlin, he is having been pardoned by the russian president on humanitarian grounds to see his mother who is battling cancer. he gets there only to find out she is in the russian capital. she did not know he was going directly to germany. he said he was unaware she was going to be a russian capital. he has had pretty patchy contacts over those years with his mother. ago, he was in prison. he walked out of prison after president can pardon him. yesterday, president clinton said mikhail khodorkovsky -- president putin said mikhail khodorkovsky asked for the pardon. he was due to get out in august. he refused to ask for a pardon. in russia, that presupposes acceptance of guilt. he has maintained he is not guilty. in fact, this was a vendetta against him that president putin has wanted to get rid

perhaps every company in society has to answer that one for themselves. >> ryan chilcote there. you will hear more from our interview with him later on as well. fors u.k. shoppers hunt their christmas dinners, more and more are turning to german discount supermarkets. david tweed joins us from berlin. david, you have some data on our mince pies. >> i do indeed. it is quite surprising. there was a test, 12 retailers would in their mince pies to be ranked. the number one mince pie in the entire united kingdom comes from aldi. pie andpest mince number two in the entire united kingdom comes from lidl. 1.79 for 6 pies. that compares with nearly 13 pounds at fordham and masons. those are the bottom of the list of 12. you might think that this is a complete freak and not something that would necessarily repeat itself. the thing is, this is part of a strategy that is working for aldi and lidl. in the three months up to the ninth of december, those two stores in the united kingdom actually gained market share while the big 4 lost market share. i am talking about sainsbury, tesco, asda, a

ryan chilcote has more. ryan, this has been a long time in the making.ften, the wto thinks we don't have an agreement. this time, it is not the biggest agreement, but it is an agreement. >> a takeaway year here is that the wto seems to -- the take -- ahere is that the wto lot of talk now is about regional trade pacts. your the transpacific art and a ship that is being negotiated between united states and asian countries. in fact, many of the negotiators that were at the wto meeting in bali went from there to singapore. the problem is structurally you have 159 countries it and have to get on the same page. we saw with this even on saturday, the u.s. and cuba holding the whole deal hostage. saying unless other countries force or opposition to the u.s. is embargoed cuba, they're not going to go along with the deal heard in the and they dropped that issue. but it almost carried this on for weeks more. best -- not said it an exaggeration to say that this effectively saved the wto. >> what are the implications echo what is it mean for corporations around the w

khodorkovsky sat down for an exclusive interview with ryan chilcote and give us a firsthand glimpse of like to actually live in a russian jail. >> describe your single most difficult day in prison. >> i had around 4000 difficult days. to say which was the most difficult is pretty tough. maybe the most difficult day was when i saw them starting to destroy the company. or maybe the most day was when i learned that the company's legal counsel had died. or maybe the toughest day was when i got knifed in the face. >> stabbed with a knife? >> it's difficult. >> what was the most difficult thing about prison? >> the most unpleasant part of prison was the feeling of wasting time. ,ood, clothes, enclosed space that stuff you can get used to if you have a little bit of self-discipline. i spent all of those years in prison under so-called double surveillance. >> a prison within a prison? >> yes, and even a third prison. the first level is where you are a prisoner like everybody else. the second level is when there is a camera trained on your work station. the third level, just to give you an exam

ryan chilcote has the details. buym will continue to products together. they will not save as much money. it will take them two years longer to get to that savings. that is according to pew show yesterday. you can probably get a scaled- back partnership from what they were talking about. the logic, both companies have been questioning. they are losing money in europe. they are competing in some products in europe. this iss gm's stake, about underpinning its partnerships. they were selling their stake. that was for capital support. >> they are in talks with the chinese manufacturers and about getting involved. there has been a busy week for gm and pew show. an extrakerson has had ordinary week in terms of big announcements including his own departure. they also said they are selling the financial under billion dollars. in europe, they will ditch chevrolet. that will go in a couple of years time. they will focus on opel and .auxhall they have been doing this since 99. the guy in charge of stemming those losses, he was a top candidate for ackerson's job. >>

ryan chilcote. understand from two sources the ukraine is talking about borrowing this team billion dollars for russia. in addition, the price of gas. they get 60% or gas for russia. a discount on it would be helpful. one source that they could get 25% discount. earlier, ukraine went to the european union and said amy 27 billion. they did not get it. -- said they needed 27 billion. them into default. the only question are the russians really going to come up with the money? that is what the tens of thousands of people on the square in kiev wants to know. and opposition leaders said that. we know will get a good gas price. return? they in are worried that russia will uses as a way to pulling ukraine closer. >> how much does ukraine need of money at the moment? badly. by their government, they need $10 billion to avoid default. as exactly how much they have in their reserves. pointf what they were two five years ago. there's a big concern that the country is about to have a currency crisis. you're the

ryan chilcote has more. let's talk about what happened on the streets. >> what is striking about what happened this weekend is not the hundreds of thousands of people out there and demonstrating because we have seen that for three weekends in a row. we had impeding groups -- competing groups of demonstrators. these people are not there to express their views on the finer points of trade pacts, this is about their values and where they see their national identity and the ukraine's geopolitical royalty. thenstrators believe that future lies closer to russia then the european union. their for a few hours and the numbers were not that large. meaningful and you saw this usually silent and not insignificant minority out in the streets. you had the noisy 200,000 people in freedom square who were saying that the ukraine should be closer to the european union. yet john mccain speaking to them , saying the united states is firmly together with the ukraine in their struggle and we heard from the ukraine prime minister.

he spoke with ryan chilcote. >> describe your most difficult day in prison.ad around a 4000 difficult days. to say which was the most difficult is pretty tough. maybe the most difficult day was when i saw them starting to destroy the company. wasaybe the most difficult when i learned that the company's legal counsel had died. day was the toughest when i got knifed in the face. >> stabbed with a knife. >> it is difficult to choose. >> what was the most difficult thing about prison? >> the most unpleasant part was the feeling of wasting time. food, clothing, even being in the enclosed space. that stuff you could get used to if you have self-discipline. i spent all of those years in prison under double surveillance. >> a prison within a prison. >> yes, and a third prison within that. the first level is where you are a prisoner like everybody else. the second level is where there is a camera trained on your workstation, your bed, and your table. the third level is security. just to give an example, when there are at least four other presidents reporting back to t

ryan chilcote. maybepany news, eads catching a break after a difficult month art by job cuts.s winning an order from air asia x yesterday. caroline has all the details. how many planes is tony fernandez by? >> 25. the cost of $6 billion. of course, once again, benefiting from the -- the go rowhth in asia. in five years alone, 1000 aircraft have been bought by southeast asian companies. is where the growth is going to be. we will see passengers of 30%, mainly from the middle east and asia. and certainly we will seek airbus feeling pleased about his early christmas present. >> it is a nice christmas gift for us. manila.planes from last year we order just before christmas 130 plans. >> airasia x being the long-haul unit of the discount planes. >> we try to get out of tony what he actually spent on these planes. let's talk about what his plans are. he's asia-focused. he owns kpr. what are his plans? any chance he will look at europe? >> he likes europe. he is focused very much on asia. he likes india. he did get his finger burn. ed. he foldout -- pulled out in the first half of 20

ryan chilcote joins us from berlin with the details. some of our pictures today have flash photography. was mikael khodorkovsky's first opportunity to speak with the press in more than 10 years as a free man. absolutely rock star reception. i have never seen the kind of atmosphere that we had going into the press conference. not just one packed press conference room but they had several backup rooms where people were also watching on screens. they even had to delay the press conference by about an hour because there were skirmishes between cameramen fighting for position. he got an extraordinary reception. people applauded him as he came into the room. the other thing that struck me was where this took place. it was at a museum. really, given the venue and the reception, he had the perfect opportunity to be the freedom fighter and really strike out at his arch rival or at least the man you would perceive as his arch rival, president putin. he didn't. he said he had no hope -- interest in overthrowing putin. he wasn't going to go back in

ryan chilcote has the details. >> he got everything he wanted out of this meeting and what we don't know was what president putin got. that's what's remarkable. a $15 billion bailout on the russians will start buying ukrainian bonds this month. perhaps as much as 3 billion before the end of the year and even get a discount on the price of gas. perill be one third less million cubic meters. that is a real bargain basement price. it is below the european spot price which is about $400 even after you take out the transport for the ukraine, it's a good price. prom,ways talk about gaz the stick that they can use to punish countries they do not favor. here it is being used as a carrot. what does president clinton get? we know he wants ukraine to be part of the russian trade union. >> they said they did not talk about it. >> they were asked and they said the topic did not,. -- it did not come up. one of the former central banker said the only place you can get free cheeses in a mouse trap. >> i love that quote. >> it's a russian expression. time russiahe first has been involved in a bailout of

ryan chilcote has more on this story. what is it? >> this is a real surprise. this is russia's first, let me show you there. their first smart phone. it is kind of exciting to be covering the tech space because you get all of this innovation. it is on the surface, it looks like it is just your regular l.c.d. screen with -- driven by android. watch this. you can basically scroll through it and choose an app that you want. there we go. sorry. there you have it. i've decided that i'm going to read through the looking glass. i can pull it up there. but you know, i know you and i were always on a scavenger hunt for outlets and power. these screens can soak up the power. here is the thing. you click the flip button and then it goes on to the other screen which is just like your kindle. the first screen shuts off and that the company says gives you 60 hours of battery power. you can use it for books but also for social media stream, your calendar. it will auto update. >> i need the font bigger, ryan. >> here you go. there you have it. >> it is like a double screen. >>

. >> ryan chilcote, the latest details of the london property market. fran, back over to you.on italia the rise after blackrock reports on voting shares. we have been talking a lot about the story. what is blackrock's game here? >> a good question. one thing we don't know is whether blackrock holds the state, which is says it is about 70% -- 7.8%, on its own or on behalf of an unseen mystery client who is trying to influence this very consequential general meeting of shareholders we expect on friday, which will contain, among other things, a proposal to oust the board of telecom italia overinvested complaints on how it is operating in brazil. into a lot of factors come a head all at once within telecom italian. it is really unclear where it will land. >> a difficult company to get to grips with because it has had a spat of bad news. >> market capitalization is about 12 billion euros, which is sort of ridiculous for a large european telecommunications operator, especially one with big operation in brazil like telecom italia has. but it is unrelenting bad news. there is bad regu

it marks the fourth weekend of protests and ryan chilcote has the details. what has been going on? >> 250 thousand people on the streets of the capital. you is different is that had competing demonstrations. you had people who support the government and are joining in a withrent part of the city people web them protesting against the government. the symbols are coming out. you have a pro-government and andrussia rally on one hand the pro-european and pro-eu demonstrations that are addressed by people who fit in with symbolism. to thecain flew when united states -- from the united states. >> it is amazing to think that he would make that trap or that you would think it -- he has traveled a long way. is anry freedom fight event for john mccain because he loves these kind of things. he stood up there and said that the united states is with the ukraine and to be strong. .e is vehemently anti-russian this is a reconfiguration of >> this is between east and west. choices a bi-polar between the two. >> give us an idea of the political backdrop. >> we have the president who reneged on the

in a rare interview with ryan chilcote, he had some startling things to say about prison life. >> afterhead of raw stuffed -- the head exists to thech assets -- thanks to the assets that were part of yukos, said he would be happy to give you a job. he was joking, even mocking you. how does that make you feel? were a's comments joke. i know that right up to the very end, he was trying to convince the leadership not to free me. only because he was personally afraid of something. a man who wants to joke around on equal footing and with integrity should not use the power of the state to get rid of him. .> bp owns 20% of rosneft some would say that effectively legalizes what some would argue yukos'e expropriation of assets. how do you feel about that and bp? agree with the idea that when you are doing business you can do anything that you want that is not forbidden by the law. what bp did is entirely lawful. it is another matter whether it was ethical and whether business should be concerned with ethics. perhaps every company and society will have to answer that for themselves. loopat does i

for more on the latest out of ukraine, it is ryan chilcote.hentially, what do ukrainians want from the russians? >> they want to borrow as much as $15 billion. that is right, they want cash. they also want cheaper gas. they get about 60% of their energy right now from russia. they are going to spend about $11 billion on that this year. we understand they may get a discount of is much as -- of as much as 25%. that does not mean they would pay less for gas, but what they would do in return is agreed to buy more russian gas, albeit at a lower price. >> this is basically the ukraine cozying up to the russians. how does that go down with the crowds in kiev. >> everybody likes cheaper money, but probably not very well. their concern is that russia would do this with strings attached, even if those strings were not necessarily announced. the people on the streets in square arece where -- convinced this is part of russia's plan to increase its clout in ukraine. they want just the opposite. >> thank you so much for that. we will come back to ryan short

withberg ryan chilcote recently sat down with the recently released mikhail kohodorkovsky in berlin.be most difficult day was when i learned that the company's legal counsel had died. day was the toughest when i got knifed in the face. >> he looks pretty relaxed for someone who's gone through so much over the last 10 years. good fors look pretty his experience. but his experience was not something anybody wants to go through. the jerusalem post is saying what everyone is thinking. they come out and say no one following russian politics can seriously entertain the idea is anything pardon more than a concession to world opinion. hard not to take the cynical view, given what putin has done here. >> there's also a review in the new yorker this past weekend that the putin government is being sued by foreign investors over the dissolution of you close and that this is an effort to throw them off because they have been losing these cases. >> david kirk hat trick, i know you have something to say. >> the jerusalem post quote is so apt. either putin is so astonishingly corrupt that is really

ryan chilcote has the details of this deal. there are ukraine cran president comes back from mosque with two things. -- moscow with two things. cheaper gas. russia is going to sell ukraine natural gas. it gets about 50% of its gas and energy from russia at a price that is about 30% less than what they were paying this year. that should help ukraine get through its financial troubles, at least in the very short term. the real question here is you pointed out is what duds russian president vladimir putin get? ukraine is is not signing up to join russia's trade union. the opposition in kiev is skeptical thinking there was a hidden kind of deal. this is the biggest bailout that russia, which let's not forget itself was on the receiving end of bailouts in the 1990's. it raided the cookie jar and wealth fund. it is going to use about 1/5 of that. the real question. is it creating problems for itself back at home? >> ryan, thank you so much. workers at am zon's german warehouses are on strike. hans? >> francine, this is a test of will