russian president vladimir putin is due to meet with siemens and other german firms in sochi next week siemens will start legal proceedings against russia it's not happy about full power generating turbans it sold to the kremlin that have now allegedly ended up in crimea crimea is subject to european union sanctions on technology supplies after russia annexed the region three years ago the challenge has more with this report from moscow. what we're looking for in this disputed land is high tech equipment proof in finally machine steel of the links russia's leaders will go to to supply the crimean peninsula with electricity and the trouble that's bringing to the kremlin where territory cannot do without. power lines but ukraine refuses to provide it russia's mainland doesn't have enough of it and e.u. sanctions shots crimea are offering western energy technology so russia's opted for deception to win their thought about building a power station on the mainland and to growth for electricity to the. it was a fake because the well it was just going to recall those store buy ins from. the s

is refusing technical assistance this whole siemens gas turbine saga illustrates in a nutshell that binds that russia has got itself into and trying to wriggle past the e.u. restrictive measures moscow is just more of them and with washington signing in new american sanctions the ability of russia to secure the investments in technology it needs to stop the country sliding backwards well that only gets harder now to a power generation problem of a different kind blacked out and on the brink of bankruptcy most of puerto rico still has no power nearly a month after her a can rear devastated the u.s. territory it's just one factor crippling economic activity and adding to the humanitarian crisis unfolding that the island is virtually bankrupt it owes seventy billion dollars in debt and that makes recovery from the natural disaster of this scale incredibly difficult puerto ricans with solar panels are among the few with a stable electricity supply this week though ill must the c.e.o. of electric car maker tesla offered to revamp puerto rico's power grid using solar technology is offer w

german engineering giant siemens a russian state owned enterprise in the case of the crimean turbines these are the main elements of a legal dispute which will be going to court in russia next week and it's all about e.u. sanctions rory chalons reports. what we're looking for in this disputed land is high tech equipment proof in finely machine steel of the lengths russia's leaders will go to to supply the crimean peninsula with electricity and the trouble that's bringing to the kremlin. territory cannot do without. power lines but ukraine refuses to provide it russia's mainland doesn't have enough of it and you sanctions shots crimea iraq and western energy technology so russia's opted for deception when their thought about building a power station on the mainland and the growth for electricity to the. it was a fake because the well it was just going to recall those door buy ins from. there say well we'll install them here but not on the occupied territory of the crimea but crimea is where siemens acknowledges the four turbines now are the reuters news organization filmed these two la

again russia's president vladimir putin is due to meet representatives from siemens and other german firms in the black sea so results have sought to discuss for power generation turbines the engineering giant is salting legal proceedings against russia after the turbines it sold to moscow allegedly ended up in crimea a disputed peninsula a mixed fire russia in twenty four. what we're looking for in this disputed land is high tech equipment proof in finally machine steel that the links russia's leaders will go to to supply the crimean peninsula with electricity and the trouble that's bringing to the kremlin where territory cannot do without. power lines but ukraine refuses to provide it russia's mainland doesn't have enough of it and ease sanctions shots crimea are offering western energy technology so russia has opted for deception to when they're thought about building a power station on the mainland and the growth for electricity to the. it was a fake because the well it was just going to recall those door buy ins from. there say well we'll install them here but not on the occupie

they are words now russian president vladimir putin is due to meet with siemens and other german firms in sochi the munich based engineering giant will start legal proceedings against russia next week after four power generating turbines it sold allegedly ended up in crimea the transfer of the equipment breaches sanctions e.u. slapped on russia after it and makes the region three years ago roy chalons has more. what we're looking for in this disputed land is high tech equipment proof in finely machine steel of the lengths russia's leaders will go to to supply the crimean peninsula with electricity and the trouble that's bringing to the kremlin where territory cannot do without. power lines but ukraine refuses to provide it russia's mainland doesn't have enough of it and you sanctions shots crimea are offering western energy technology so russia has opted for deception to when they're thought about building a power station on the mainland. to growth for electricity to the. it was a fake because the well it was just bought the wreck of those door buy ins from us . to say well we'll insta

europe is soon to have a new giant in the train building business germany's siemens agreed tuesday to merge its real operations with french train maker alstom german i c e n french t.g.v. high speed trains will then come from a single manufacturer that move was prompted by increasing pressure from chinese competition. sid was a chinese group c r c c is today bigger than alstom and kind of combined. pushing it up the next step. is in all likelihood continental europe where it could rely on a purchase of a european manufacturer. will be the chinese rival is already the world's leading maker of train engines the combined siemens and alstom group will speed into second place. just to nurture a key lead to a more balanced killers for for instance ultimate strong enough to. the middle and south america. but was to china europe and the united states the portfolio. excellent match. german labor union see the move as an opportunity. while their french counterparts fear job losses the merger is still subject to approval from the trust authorities. the results of last sunday's general election i

will be the chinese rival is already the world's leading maker of train engines the combined siemens and alstom group will speed into second place. is the nature of the lead to a more balanced killers for for instance ultimate strong enough to. the middle and south americas humans as. well as the china europe and the united states the portfolio. excellent match. german labor union see the move as an opportunity. while their french counterparts fear job losses the merger is still subject to approval from the trust authorities. the results of last sunday's general election in germany have shocked many business leaders a strong showing by the far right party means forming a coalition government among the other parties will be difficult. once it's guns and chide and what's important for us irrespective of the party politics along its side is that it doesn't take too long to conclude the coalition talks don't define the talks will be difficult but they have to agree on a forward looking program of. germany's industrial lobby group is hoping for advantage as the political cards are reshuff

russia's president vladimir putin is due to meet representatives from siemens and other german firms in the black sea resort of sochi to discuss a four power generating turbines the engineering giant is starting legal proceedings against russia after the turbines it sold to moscow allegedly ended up in crimea a disputed makes the by russia in two thousand and fourteen for a child's explains. what we're looking for in this disputed land is high tech equipment proof in finally machine steel of the links russia's leaders will go to to supply the crimean peninsula with electricity and the trouble that's bringing to the kremlin. territory cannot do without. power lines box ukraine refuses to provide its russia's mainland doesn't have enough of it and e.u. sanctions shots crimea are offering western energy technology so russia's opted for deception when their thought about building a power station on the mainland and to growth for electricity to the. it was a fake because well it was just bought the rights of those store buy ins from. the say well we'll install them here but not on the occ

declare independence on monday i >>> investors take a dim view of osram sending shares lower, as siemens sells its remaining stake at a discount of 1.2 billion euros. >>> rex tillerson said he never considered resigning, but he does not as an nbc report that he called president trump a moron. >>> good morning let's look at the european markets this morning looking at stocks across the continent. slightly more red on the board there than green the stoxx 600 down 0.15% right now. looking across europe, the specific bourses, we'll look at the ftse 100 first, up almost 0.25%. dax down 0.10% the cac flat the ftse mib down 0.5% looking at specific sectors across europe, utilities looking positive as are autos. telecoms are up a third of percent. food and beverages up almost a third of a percent real estate companies are down half of a percent. >>> now the big story, saudi arabia's king salman arrived in moscow for talks with vladimir putin. both countries are expected to sign joint investment deals worth $3 billion the trip marks the first time a saudi monarch has visited russia the oil minist

the review was chaired by the head of siemens uk, whojoins us now, what chaired by the head of siemensmendations you would pick out as key takeaway points, then? well, first of all, the overall recommendation is that great britain needs to have much stronger ambition and leadership in this fourth digital industrial revolution. we really need to drive it hard and make sure that we have the right mechanisms for british manufacturing companies to be able to adopt these technologies enable much simpler and easier way. and another key recommendation is to upskill our people, we need to hit that head—on, we need to give our people the skills so it becomes something which is less of a topic we are scared of than one we embrace and transition to this revolution. another topic that some may be scared of, brexit, you talk about strong leadership in this area — right now all the leadership in this country is trying to negotiate a trade deal with europe when the uk does exit, something that manufacturers are, for very good reasons, focusing on at the moment. well, indeed, and as at the moment. wel

global companies like airbus and siemens are particularly susceptible to corruption especially in situations where the local customs are more blurred. and is now needs to demonstrate cooperation with the authorities. buying gold is a popular impulse among investors and turbulent times of course purchasing the actual physical boyens isn't the only way to invest in gold but counterfeit bars are an obvious concern for those looking for a safe haven like the one that was solved by the royal bank of canada. when all that glitters is gold you need experts to tell you so especially if purported markings from the royal canadian meant makers gold bullion and like legitimate here there is no gold whatsoever but it's it's it's not made of gold you know that was a problem for this jewelry business which bought the bar it's since been reimbursed but investors and jewelers alike might be worried at a compromised supply. for the mint will want to get the bottom of it because it. undermines confidence in their product and they certainly don't don't want that nor does any of the financial institutions in can

global companies like airbus and siemens a particularly susceptible to corruption especially in situations where the local customs are more blurred. and is now needs to demonstrate full cooperation with the authorities. house of cards has been a cash cow for the video on demand king netflix or the show was full of the board moral characters it doesn't reflect well if the actors behaving like that in real life in the age of harvey weinstein's shaming sexual assault allegations against house of cards star kevin spacey a bad for business now the show's been cancelled. for years house of cards has been netflix his most popular show since the video on demand service launched the groundbreaking political drama series in two thousand and thirteen its number of suspects reivers has grown sharply to one hundred ten million worldwide now netflix says house of cards will end after its upcoming sixth season the company said in a statement that it was deeply troubled by anthony rap's allegation the actor and star trek discovery star said that spacey had made sexual advances towards him in one thousand

an executivember from siemens talking about their executive training program.ms like there has been a lot of focus on trying to replicate what has been done in germany and other places in europe, get people to do apprenticeships and think more seriously about two years of college or community college. what is the challenge of getting programs like that in the u.s.? it's about gearing up at the local and state level. washington can help, there is a lot of discussion about the potential. maybe the federal government ought to recognize, i think about 25 states today would have what would he considered to be an imprint -- an apprenticeship encouraging businesses to work with training institutions, like community colleges and, in some cases, regional collaborations of what would be high schools coming together to figure out, by talking with business. one thing we are looking at is how do you get these workforce every part ofrd, america has a workforce board. are they linked to training and education? often the answer is no, or not very effectively. the washington co

businesses out of the cuts in the near region now multinational companies to several of them like siemens and see it plus one of spain's largest banks kaisha are all planning on leaving catalonia however reactions to this move have been divided offline and online and this tweet here is just making fun of those wanting an independent catalunya says the independent paradise is no place for banks there's no banks no companies no it's only peasants while others have criticised the spanish government's eagerness to help companies leave catalonia this person just here wants to know why the government was quick to approve the decree but no one off. so order the banks to pay their debts off and here's another hash tag also trending for you just in the corner if you look there seven zero course it is october the seventh and it's a call to action for spanish this isn't a rally in madrid on saturday now this poster which is just behind me hit this has been shared online by those opposing the catalonia independence from spain and it says defense of the nation the constitution and the state now this u

we have had an independent review by the body of the uk arm of siemens.at. there are a lot of worries about ought owemation, but what this report is saying if we do invest big in digital, we can see manufacturing sector boosted by £450 billion, by the end of the next decade and similarly, create 175,000 newjobs. the man conducting the review has been explaining the conclusions of his report. the overall recommendation that is great britain, we need to have much stronger ambition and leadership in this fourth digital industrial revolution. we really need to drive it hard and make sure that we have the right mexicanisms for british manufacturing companies to be able to adopt these technologies in a much simpler and easier way. and another key recommendation is to upskill our people. we need to really hit this head—on and we need to be having conversations with our people upskilling them and giving them a skill so it becomes something which is less of a topic we're scared of and one that we embrace and we transition into the new revolution. now, when did you

the endeavor also received funding from the likes of air bus and major german engineering companies siemens and and a n all of which have an enormous interest in the technology. almost all of the parts of the pod were designed and built by the students themselves some came out of a three d. printer this is you can tell it's a technical model because it only has one seat to indicate where the seating will be and a genuine hyperloop will look different more like a train and with all the gadgets were gone show. this fall that. one day the hyperloop could cover the five hundred eighty kilometers from berlin to munich in just half an hour. as this is a book that it really is a revolutionary idea it's the kind of project you might only get to be part of the . once in your life it's an amazing opportunity with. iran musk aims to make the hyperloop competition an annual event in order to advance his pet project the key to the technology is the system of vacuum tubes that could in theory transport passengers at supersonic speeds. this is. technically i think it would be things of well it couldn't be

poll after poll shows the american people do not want well here in germany industrial conglomerate siemens plans to slash thousands of jobs in its power and gas division and insiders so says the company's been hit by a drop in what is this country's switch to renewable energy is not yet clear exactly how many jobs are set to go the company and scientists say it could be as many as several thousand the positions are mainly in power plant technology an area which used to be a cash cow for the company jumps in eastern germany reportedly particularly at risk . now the timing could hardly be worse ahead of japan's elections this weekend yet another corporate scandal shaking the economy this time around it's nice that now the carmaker has shut down all of its factories in the country because unqualified workers were put in charge of quality controls it's the latest in a litany of serious errors from japan's biggest corporations. deneuve a gesture of humility and another apology from the company boss. admitted that the scandal and listen was much worse than originally thought vinyl vehicle inspec

luxury cars siemens high speed trains and other brands the first exhibition to showcase german innovation has opened in qatar scapel nora bird manley has taken a look. at design lab in the center of this exhibition in doha provides a window into some of the most innovative german techniques from the past seventy years from the evolution of the t.v. intricate furniture virtual reality and sport shoes each design has improved leaps and bounds decade by decade. you know looking a back of some of the older designs of some of the. computers and looking at it thinking my goodness how could we even then use those you know twenty thirty years ago looking at what we have now we're so lucky that transmitting design but that's how it all started and that's what we need to show the audience it also traces the development of some of the most famous german cars which have pervaded popular culture germany's post second world war effort to mend it shattered economy so mass production of ferdinand porsches design of the beetle and new designs for the super car porsche. what's what in literally means the p

global companies like airbus and siemens are particularly susceptible to corruption especially in situations where the local customs are more blurred. and is now needs to demonstrate full cooperation with the authorities. and that's all your business we're trying to our top story with so we know thank you they're hard well the adipose catalan leader carlos push the man has been holding a press conference in brussels a push him on and members of his catalan cabinet they travel to brussels on monday it was understood that they fled spain after prosecutors there said they would file charges against them for bally and that puts them on has said today he was not trying to escape justice and he rejects the charges against him our correspondent in brussels band record has been following this press conference he joins us now berent what else as pushing demand to been saying at this press conference. mr push him and said that he would not apply for asylum for personally here in belgium because it's not a belgian matter and also experts from belgium have signaled that he has no chance to get to saddam

they speak of siemens latest not-so-subtle ad and although it never mentions his name is a clear shot at president trump defending himself against accusations of fake news that features an apple and a voiceover. >> this is an apple. people might try to tell you that it's a banana. they might scream banana, banana banana, banana over and over again. they might put banana and. you might even start to believe that this is a banana. but it's not. this is an apple. greg: they paid a lot of money for somebody to make that. shame on "cnn" for attacking two defenseless roots. that was offensive to apples and bananas so with gone ahead and fix the ad for them. >> this is a banana. what if you wanted to identify as an apple? would you still call it a banana? are you confused yet? good, that was the point. [applause] greg: kat it's an ad is obviously that trump likely you're so vain by carlie simon pucci never knew who was about but it was about spiro agnew. it's a sad way to respond in a very defensive way. >> i noticed that trump doesn't really seem to mind but it's too long. i don't want to w

global companies like airbus and siemens are particularly susceptible to corruption especially in situations where the local customs are more blurred c.e.o. and is now needs to demonstrate full cooperation with the authorities. and ryanair is on course to post record profits despite recent turbulence the low cost irish carrier has reported an eleven percent jump in half yearly profits after tax the news lifting ryanair shares by more than six percent that's restored half the market value wiped off following the chaos that recently triggered the cancellation of thousands of flights ryanair has reiterated its earnings forecast for the financial year ending next march. let's talk about europe's biggest airline by passenger numbers and the sector in general which is in flux with. neil wilson in london senior market analyst at capital neil what do you reckon is ryan air onto a winning formula day it's flying high as far as results go despite all the turbulence as far as stuff and its customer base goes. that's why the profit guidance is unchanged so really really have to say that the cancellation

historic business dating back to the beginning of production of incandescent lamps, the osram t fromarks siemens' exis the manufacturer of consumer products. 90 minutes into the trading day in the u.s., what is it looking like? the major averages have hit intraday highs as stocks continue their seemingly inexorable rise that we have seen. we are also seeing a winning streak for the s&p 500, the likes of which we have not seen since 2013. a gain of about seven sessions for that in stacks -- that index. the winning streak we are on -- we have seen a little changing leadership, in terms of who is leading it today. take a look at the bloomberg. consumer has been a pretty stable presence in the current rally. if you look at the imap on the bloomberg, consumer staples up today. discretionary up to a lesser degree. real estate has been climbing as bondsears are going -- as are going higher. usually, they move inversely. financials rising along with yields and tech, which has been a bit of an underperformer recently. it seems to be playing catch-up today. focusing on consumer staples stocks that are gai

morgan stanley is warning that this could feedback into siemens.crummy trading down -- it is currently trading down by 5.55%. matt: i am looking at what is going on in catalonia. the president, carles puigdemont , has defended what is going on in the region. he has written a letter to mariano rivera. madrid could begin the process of suspending the region's self-rule within days. that is article 55 in this jargon terms. let's talk about peter schaffrick's. i am looking at the spread here, the spanish-german ten-year spread. want to access it it is on bloomberg. here is the six-month look. we are not even at the highest level. i will take it down to three days. it has blown up a little bit but it is not that dramatic. doesn't look like the market is that concerned. it.r: you nailed we had a similar story a couple of years back. not only that, not only the spanish story that the other peripherals would have blown out with it. that clearly has not happened. i think there are two things we have to consider. we get an aggravation of the political levels

volkswagen and siemens now the first exhibition to showcase german innovation has opened in the cattery capital were brought in mali has taken a look. a design lab in the center of this exhibition in doha provides a window into some of the most innovative german techniques from the past seventy years. from the evolution of the t.v. intricate furniture virtual reality and sport shoes each design has improved leaps and bounds decade by decade. you know looking at back of some of the older designs of somebody have computers and looking at it thinking my goodness how could we even they've used those you know twenty thirty years ago looking at what we have now we're so lucky that bandsmen design but that's how it all started and that's what we need to show the audience it also traces the development of some of the most famous german cars which have pervaded popular culture. germany's post second world war effort to mend it shattered economy so mass production a third number pushes design of the beetle and new designs for the super car porsche while talking literally means the people car was

that's the conclusion of an independent review — chaired by the head of siemens uk. thousands of jobsresults have been driven partly by a focus on doing business in asia. the banking giant hsbc made — well, giant — pre—tax profits of £3.5 billion in the three months between july to september. if you compare that with the same three months last year — when they made £64 million — it's an increase of 448%. however at that time, they took a hit from the sale of the bank's brazilian unit. the latest result is what the market was expecting — and was driven by cutting costs but also a big focus on asia. joining me now is vicky pryce, chief economist at the centre for economics and business research. how much can we put this down to the focus on asia? very much sought but the other interesting thing is they have focused very much on a retail and corporate banking so it is not really investment banking but has done it for them but it is the bread—and—butter done it for them but it is the bread—and— butter stuff that we done it for them but it is the bread—and—butter stuff that we all understa

of germany has long been known as a powerhouse of industrial design and famous for new luxury cars siemens high speed trains and other brands the first exhibition to showcase a german innovation has opened in the country capital laura are normally has taken a look at design law in the center of the exhibition in doha provides a window into some of the most innovative german techniques from the past seventy years. from the evolution of the t.v. intricate furniture virtual reality and sport shoes each design has improved leaps and bounds decade by decade you know looking at back of some of the older designs of so many have computers and looking at it thinking my goodness how could be even that use those you know twenty thirty years ago looking at what we have now we're so lucky that ranchman in design but that's how it all started and that's what we need to show the audience it also traces the development of some of the most famous german cars which have pervaded popular culture germany's post second world war effort to mend it shattered economy saw mass production of pushes design of the be

they hoped to do a deal on the rail business with siemens, but that fell through.a commitment to be cash flow positive next year. they have not been there since 2009, and this may be a way to help get there. suggest, it is never one thing. it is several things. surely, bombardier's difficulties with trade is one of the factors. nafta, we have ongoing negotiations today and tomorrow in washington, and there are reports the united states is getting tougher with canada and mexico. >> it does not look great. let's face it, bombardier is sort of the poster child for nafta. a have operations in all three countries. be pullback on nafta will negative for them. i also do not think they are making these important decisions based on trade negotiations, because you just don't know. is it going to fall apart? is this rhetoric from trump to get a better deal for the united states? this is a long-term plan to reduce costs, increase cash flow, and find buyers and investors to help get there. david: finally, give us a sense, from canada's point of view, what is the reporting? what

particularly as the industry is getting even more competitive with entrants like siemens and abb, changesyou might imagine in process, in terms of automation software and things of that nature and a feeling at emerson that they would benefit from having all of that under one roof in terms of what they're able to offer their industrial clients but this is a fiercely independent company. and again, i had reported they had already rejected these offers, sara what remains unclear is the willingness of emerson to move ahead regardless to try to bring this in some fashion to shareholders and give them the voice. or will their voice be heard if they in fact disagree with management and the board >> we'll see what happens when the stock opens. >>> coming up, the president set to make his decision on the next fed chair thursday, as the fed's two-day meeting kicks off today. we'll have the results of cnbc's ckn mont nt.d surveyex ba ia me [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to

europe is soon to have a new giant in the train building business germany's siemens agreed tuesday to merge its real operations with french train maker alstom german i.c.e. and french t.g.v. high speed trains will then come from a single manufacturer that moves.