softbank would own 27% of the combined company which would be named t mobile and softbank would onlycompa ny‘s board only have four of the 1a seats on the company's board of directors. having said that, as you said a triumph as well is a step back but nonetheless though we have regulators in washington who will be scrutinising this merger. it will essentially mean that us wireless market is down to just three carriers and mergers like this have been of course rejected in the past on the ground that it creates monopolies went off course as we all know, more competitors, much better for consumers like us. thank you. now let's brief you some other business stories. the chairwoman of australia's largest listed wealth manager, amp, has resigned following alleged misconduct revealed by a royal commission. the inquiry was told the firm charged thousands of clients for advice they never received. amp's legal counsel has also resigned. and separately, a financier is backing a class action lawsuit against the firm. the marvel studios superhero movie avengers: infinity war has set a new record

deutsche and softbank have been in talks for a long time about this deal. deutsche telekom will end up with a 42% ownership in softbank and the combined entity. softbank will have 27% but there are doubts whether this deal will get to the regulators and , uris vegas hotel operator agreed to pay $560

's on arm went to softbank. >> they will become a bank. they can be softbank legitimately. a pleasure. we will get more answers on the t-mobile and sprint ceo at 11:00 this evening. stay with us. >> coming up, we are looking at taking on tesla. a chinese electric carmaker isn't afraid to go head-to-head with elon musk. the exclusive interview with the chairman. this is bloomberg. ♪ ♪ >> let's have a look at premarket, holiday and golden week in japan, china shut today. we have a bit of growth, hong kong to the upside. labor markets driven up. >> we are waiting a fed decision, not expecting a move, but looking for commentary on trade and treasury yields. rba is staying on hold. let's get you a quick check of the latest business flash headlines. abu dhabi investment funds, the dollar is reaping the rewards of its petroleum revenue, the company uses its combined portfolio to boost investment. dollar will eventually manage about $250 billion in assets. airlines extending its transformation by preparing to launch a dedicated cargo unit. it will tap into the growing economy. have

softbank shares have risen the most in three months.looking at another deal with sprint and t-mobile. giantbirth of a potential . what is going on? sprint and t-mobile, can this deal get across the line? this is a deal that will not die. they have been talking about it for years. the founder of softbank raise this a few years ago when he was going to take control of t-mobile with sprint. they talked a few months ago about the opposite of that were t-mobile would take over sprint. it was only bought a few months ago when they called off their merger talks. now they are discussing this again. it is not clear what this deal will look like, or how serious talks are at this point. we know from people familiar with the matter that they are talking again and trying to get something worked out. government did shoot down the last proposal to combine these two companies. what are the prospects for approval now? that is a very big question. administration -- the trump administration has been more pro-business in many of its policies. the issue is

and earlier this week softbank the just talking about them announced that they had to amend four years of tax filings in japan after failing to report eight hundred seventy five million dollars in offshore earnings the additional taxes amounted to over thirty four million dollars or three point seven billion yen their previously under claritin therefore untaxed profits were generated at soft banks subsidiaries or bermuda and singapore and in a statement just to remain safe softbank claim that japanese authorities were imposing double taxation on the company noting we are not fully in agreement with parts of this outcome. and we now move to the a.t.m. t. time warner merger which is opposed by the us government on antitrust grounds the department of justice has rested their case then officials from time warner have told their side of the story to hear discussed as someone who's been right there in the courtroom andre barlow of the law firm doyle barlow and mazhar andre thank you for being with us we sure appreciate you were so helpful west i mean we are pressured if you coming back so th

now softbank will only have four of the 14 votes while t—mobile will have nine.win for him. it will give him a foothold in the us market and he has been trying to secure this since at least 2012. but of course it is subject to regulatory approvals and this is by no means a done deal. masayoshi son has been trying to get into the us market with big stakes in other companies such as the number and the office space company we work. but sprint has been his most high—profile venture and, if the deal goes through, it will create a company that they can really take on people like at&t and verizon, and they hope to get to be the biggest in the five g space. all right, katie, thank you very much indeed. that is a really big story, we will see how that is interpreted when wall street starts targeting, with sprint and t—mobile trying to tie up. we have some interesting boat today because japan is closed for a public holiday, as was china. that is the dow on friday, robust session in asia. investors are trying to work through the earnings news, the ongoing earnings news arou

and earlier this week softbank the just talking about them announced that they had to amend four years of tax filings in japan after failing to report eight hundred seventy five million dollars in offshore earnings the additional taxes amounted to over thirty four million dollars or three point seven billion yen their previously under claritin therefore untaxed profits were generated at soft banks subsidiaries or bermuda and singapore and in a statement just to remain safe softbank claim that japanese authorities were imposing double taxation on the company noting we are not fully in agreement with parts of this outcome. and we now move to the eighteenth tee time warner merger which is opposed by the us government on antitrust grounds the department of justice has rested their case then officials from a t.n.t. and time warner have told their side of the story to hear discussed as someone who's been right there in the courtroom andre barlow of the law firm doyle barlow and mazhar andre thank you for being with us we sure appreciate you were so helpful west i mean we are pretty should ha

we thought softbank was going to make an offer for a 25% stake.t was reporting around the story. softbank's stake is not expected to exceed 10%, which is interesting. they are talking about them .inority stake they are saying issuances of capital is not under consideration. talks remain at an early stage. they explore a potential strategic cooperation. they are limiting expectations to the softbank stake that they could take in the swiss re giant. manus: that is not the only deal. you got france, a $15 billion deal, american aig in january doing deals. there is a flurry in the space. the big story is on trade, on paris and the u.s. techtake an aim on china's industry with a tariff list. we have 25% tariffs that will hit $50 billion of chinese products ranging from semiconductors to flamethrowers. china condemned the move and said it will respond with the same intensity and scale. this get to jodi schneider, our international editor. what are the objectives of the united states here? long on strategy, short on impact is the title of one of our piec

what happens to the 27% stake that softbank has?hat is the intention there from you in terms of maintaining that stake in this combined company will it be years or when you see the opportunity, to potentially put up a win in terms of the investment and return from it over the years, will you start selling stock? >> we're committed this is putting t-mobile and sprint together. and you follow the commission fund you follow the investments we're doing and the world's best 5g network. i'm looking forward to find the synergy between we have with softbank and combining it with a new company. we're in it for the long-term. we roll all of our equity. this is a cig equity it's $25 billion of investment that when you add the synergies, we expect it to grow we feel good about it. so we're in it for a long-term and it will be one of the primary investments of softbank. >> john. i need to have a commitment from you now that there will be more people working for these two companies. there will be more people. there will be more spending. and my b

ande times, the owner controller of sprint, softbank, has tried to do this with t-mobile usa.nd he hasn't been willing to let go of control of to satisfy them. this time, it looks like he has. it will maintain 27% stake of the overall combined company. maybe deutsche telekom will hold 42% of the business. we have them in the seats of power. the chairman is the chairman and ceo of deutsche telekom in germany at the moment. and you will have john legere remaining. the coo remaining as a combined coo. they remain in control and that is what seems to have been done here. what has been happening in europe as well, quickly, give us what you're seeing over there an in parallel. caroline: this is the frustration of european ceo's. has, many a time, the key european conference here, talks to me about the need for more consolidation in europe. why because average revenue, it is much less than any u.s. and japan because the markets are inl smaller -- far smaller europe. it is a broken up and fragmented market in europe where you have smaller players in smaller countries that don't have t

softbank, the german -- japanese owner of sprint, and they have come together.hi son will be on the board. there is also talk of regulatory scrutiny. this will reduce the number of large players in telecom from four to three. one analyst said many of the companies often think like t-mobile and sprint that it will thing.eat they will have problems, but this could have problems. a largertelecom, state, softbank a smaller state, -- stake, but these companies will likely move in a big way monday as well. shery: let's bring in john butler. here is the bloomberg intelligence senior analyst for telecommunications of visit an equipment. it was a long time coming, but what is the rationale? reporter: the rationale here is all about scale. telecom is a scale business and one need no look further than at&t and verizon's success over the years relative, particularly to sprint, to know that it really pays to be big in the u.s. telecom business. so this merger is about getting big fast, particularly in advance of the big five g network build up that is going to begin later th

sprint is owned by softbank.utsuda has more from the nikkei >> it's the third time that merger talks have surfaced the last ending just five months earlier. while its carriers are racing to start next generation 5g services by 2019 and reports say both firms are hoping to shart financial burden of investing in those networks should the merger happen, the combined firm would have about 130 million subscribers, bringing it closer to verizon and at&t, the top two in the industry both firms stock surged following a report from the "wall street journal" on tuesday. today sprint's parent company, softbank shares were up. the first round of talks in 2014 ended after u.s. regulators objected to the merger citing antitrust concerns the last talks in november tell through since the two owners, softbank and deutsche thelecom could not agree. it's unclear if something new will be brought to the table this time. that's all from the nikkei back to you. >> thank you very much for that, makiko utsuda. the stocks are reacting ver

. >>> swiss re shares drop after a potential softbank stake won't exceed ten percent >>> bad publicity. wpp shares slide after the ad group opens an investigation into alleged misconduct by ceo sir martin sorrell. >>> and president trump raises the stakes in his attack on amazon he says it may need to pay more for shipping claiming the arrangement with the u.s. postal service is a bad deal for the americans. >> it's not fair for the united states, it's not fair to taxpayers, amazon has the money to pay the fair rate at the post office which is much more than what they're paying now. >>> good morning so we had the news crossing that china are retaliating to the tariffs imposed by the u.s. to more than 100 products we're seeing some reaction in markets this morning you can see the stoxx 600 is trading mostly in the red after opening up firmer about an hour ago. the stoxx 600 composite is trading down at 0.6% or so as the market digests this announcement that just came out of china to european bourses, ftse 100 is holin holding around the 7,000 level down 0.4%. the declines are led by xet

deutsche and softbank have been in talks for a long time about this deal. deutsche telekom will end up with a 42% ownership in softbank and the combined entity. softbank will have 27% but there are doubts whether this deal will get to the regulators and , uris vegas hotel operator agreed to pay $560 million -- 560 million swiss francs to acquire hotels and resorts for shareholders including a kingdom holding. by 1.9%. 90 minutes into the session in the u.s., abigail, how is it looking? abigail: the s&p 500 and the dow and the nasdaq all solidly higher. off the highs after with the declines last week in the first time we have seen that in three weeks. the bowl is bouncing back today. take a look at the dow transports, that average had been up .7% earlier the session, now down .3%. is that it fell on possible weakness ahead for the other major averages or intraday volatility? we'll keep watch. sector wise, the breadth has weakened as well. earlier, nine of the 11 s&p 500 sectors have been higher and now we have asked of the s&p 500 sectors higher and up top,

swiss re, the softbank story.know what its motivations are, but swiss re is down. 2.7% this morning. interesting stories when it comes to what is happening with the stocks. let's get to the first word update. focus onw levy's semiconductors and lithium batteries. before al be a review final decision is made. china will respond on an equal scale. china's finance minister has a joint briefing at 9:30 u.k. time. president trump plans to deploy the military to the border with mexico. he has told mexican leaders he would abandon the north american free-trade agreement. trump suggested he could use money allocated to the u.s. military to construct the border wall which he has been unable to secure congressional funding. white house insiders say there despite thessions president's attacks on amazon. ongoingnot aware of any discussions about action against the retailer. the president of the san francisco federal reserve is heading to the big apple. john williams has been named to the new york fed. chairman powell's leader

telecom owns t-mobile, and softbank owns sprint.hat are the benefits of this combination for the parent companies? reporter: first of all, this is telecom's major merger that will benefit both softbank, sprint, and the owner of t-mobile. they will have more financial firepower to invest in new technology. they will expand their network of thee and reav competition with at&t and verizon. anna: good morning. this is about them taking on the biggest two rivals. it will reduce the number of players in the market. as a result, what are the hurdles they have to get through under the trump administration? stefan: the regulatory hurdles are definitely there. in the past, administrations said they like four players in the market. this would reduce the number from four to three. some people might argue it would effectively reduce competition. the companies argue that will not be the case because cable companies like charter are already in the market snatching up wireless and broadband customers. the companies will argue against it. and they h

softbank was considering buying as much as a quarter of the company in a deal that valued the insurert as much as $39 billion according to bloomberg news last month. 4.1%.re down by europe's natural gas storage sites ending at the lowest level after they were tapped to meet increased demand during cold snaps. the facilities have started refilling but would need to buy and inject more fuel. the normal to reach the usual pre-winter level. roughly 90%, that is the fuel. this is the gender equality index, u.k. companies have to comply to date with the new government mandate that requires employees with more than 250 or more step in the u.k. to reveal the difference between what they are female and male -- there female and male employees make. ,he gender equality index outperforming the broader s&p 500, the white light is the gender equality index and the gauge is a normalized capitalization weighted index that measures performance in global companies across sectors and recognizes for supporting data this closure and best in class policies and practices in the gender equality space. the ga

softbank surged the most in 10 months.ok at boeing and embraer likely to have a deal. of defensence minister says negotiators are closer to an agreement after months of talks. he thinks it will end in a tie up. any deals would find -- follow airbus. airbus is lending to flights, with the beds in lower deck cars. flat by the end of this current decade. makeys he wants to long-haul flights more bearable. they are designed to be swiftly removed during a typical airport turnaround. lots of corporate stories to talk about. as far as macro data, we had data coming from china. -- take as busy with look at what we are following. take a look on your bloomberg, quickly. one char you want to watch closely, credit impulses down, downward momentum picking up. that is happening at the same time. you have copper inventories on the way up. let me shift to this quickly and have a look at 8929. hong kong dollar trading toward the weekend and -- weakened end. think about those things as we head into the end of the trading session. that is it

both team obama and sprint owned by foreign companies by germany's deutsche telekom and tokyo based softbank group so t. mobile and sprint have their work cut out for them if this deal is to see the light of day. well our correspondent in new york has more on this mega merger as well as reaction from wall street. three times is the charm for the third time in four years the companies have talked about putting their corporations together overall wall street is rather upbeat that such a deal would make a lot of sense a lot of cost savings and we would see a third big player in this field here in the united states but the big big question remains if the corporations if sprint and t. mobile us will win approval of u.s. regulators and at least the sentiment on wall street is that this is rather unlikely and we saw heavy selling pressure especially on the stock offspring that lost about fifteen percent in value but also the stock of us under heavy pressure and then if the companies would have agreed already last fall at least that would have been much better for sprint because the stock price was

buy the two telcos for a while but the deal is likely to face heavy scrutiny from regulators —— softbankungry for a deal so it's gone shopping for its smaller rival, asda, owned by walmart. they are in an advanced stage of merger talks and should the multibillion—dollar deal go through it would transform britain's supermarket business. the bbc‘s joe lynam britain's supermarket business. the bbc‘sjoe lynam has more. this whopper of a deal could shake up this whopper of a deal could shake up the british sugar market sector. at the moment tesco is the biggest grocer in the uk with 28% of the market. asda and sainsbury‘s have almost 16% each —— supermarket. put them together and their combined stores would hop over tesco into the top spot. details of the multibillion—dollar merger are expected to be released late on monday, but the uk competition watchdog is being urged by politicians to examine the deal. you can track the latest developments on our website. in other news, australia's government backed investigation into the country's financial sector has claimed another scalp. the chairwoma

how one startup focused on the insurance business changed after softbank made a big bet on the companyis next. this is bloomberg. ♪ sophie: late last year softbank made a bet that technology would overhaul the insurance industry with a $120 million loan into lemonade. so, what has limited been up to since the high-profile investment? we are joined by the ceo and cofounder from new york. now that you have got this money, where have you been putting it to use and what sort of progress have you made since this cash infusion? david: well, emily, like you said, we have been investing in artificial intelligence and we are trying to build an entirely new kind of company that is built on the substrate of technology and data. what that means is we can use a.i. to pay claims. aspay them in as little three seconds and most of our resources are going into exactly that, building a new kind of company built on that concept. emily: you could a lot of really privileged information about your customers and over the last few weeks we have been talking a lot about privacy, about data privacy. how are you

softbank is borrowing $8 million backed by its stake in alibaba.he japanese tech giant is seeking to bolster its financial flexibility, according to people familiar with the matter. the loan will not be requested in a group setting and will help shield against a rating downgrade. the financing may also remove and will to the listing of it telecom unit. that division has been used as collateral for softbank's earlier debt. george soros apparently had a change of heart after calling cryptocurrencies a bubble in. january soros decided it is time to trade. more on that next. if you like bloomberg news, check us out on the radio, listen on the radio app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ emily: facebook chief technology officer will speak to u.k. lawmakers in late april. this comes in the lake of allegations that information on millions of its users was misused. according to a statement from the u.k. government friday, they will give evidence on april 26 following appearances earlier in the month from alexander nix, the former ceo of

softbank has written massive checks to the start up like uber and india's foot card. the second. they continue to add new accounts, but what about rising competition and online payments? paypal ceo john remy discussed that earlier with vonnie quinn and mark barton. >> we have seen a lot of interests in the high-growth business we are in, and with money moving, there is a lot of companies that want to participate. we will continue doing what we have done, and if you look at our history since we separated from ebay, in a fast rowing e-commerce market, we have expanded market share. we do that by having a powerful two-sided network, or we have over 200 million consumers on one side and 20 million merchants on the other side. there is a network effect to that. one of the things that stands the simplicitys and ease of use for consumers. one of the things we measure is conversion rates. we have 89% conversion rate which is higher than some of the other competitors which is how we are able to expand that market share. mark: your peer-to-peer payment center has continued to s

softbank sold unsecured bonds, yield going 7.85%. we are talking to bonnie, jack, and george.id the credit rating agency struggle so much with this issue? it was rated double b-, b positive, and triple c. no one knew what to do with this. ie: it is always difficult when you have projections for growth and cash going forward. we have a disruptive business model very different from what is traditionally seen in the markets. ratings agencies had some difficulty taking into that. this market, you have to roll up your sleeves and do your homework to understand the credits. exception.no in the primary markets, and upside offering. demand was still there. you see the positives from that? >> capital is biased toward searching appealed. -- searching out yeild. out y the global economy isi still doing well and the fed is tightening. eld. we still have that risk neutral seeking environment. a lot of capital on the sideline is going to be put to work. jonathan: when you think about the cost of downside protection, the fact that you can get significant yield at the front end of the treasur

this is bloomberg. ♪ emily: last year, softbank made a bet by leading a round in the start up lemonadetificial intelligence to minimize paperwork and speed of the claims process for renters and homeowners. so what has lemonade been up to since the high-profile investment? we are joined by daniel schreiber in new york. now that you have the money, where if you been putting it to use and what sort of progress have you made since of this cash infusion? daniel: like his second we have been investing in artificial intelligence and when you are try to build an entirely new company built on the substrate of technology and data, and what that means is we can use ai to pay claims, we pay them and as little as three seconds and most of our resources are going to do that, building a new kind of company built on that substrate. emily: you obviously getting a lot of privileged information about your customers, and over the last few weeks we have talked about privacy, data privacy, how are you handling your relationship with the customer internally? and have you learned anything at lemonade with the

by softbank. why? because of the debt pile they have got. distribution on softbank. check this out. check out that number, particularly at the bottom. $125 billion is how much they have in debt. this could bring masayoshi son a little bit more eagerly to the discussion table. emily: thank you so much. stay with me, we are going to talk about what else, but facebook. next, european regulators were watching mark zuckerberg's testimony on capitol hill. we will talk about what faces the social media giant in europe. testimony there as well. this is bloomberg. ♪ ♪ emily: cambridge analytica has announced its acting ceo has has steppedylor, down and return to his former job at the company, chief did officer. taylor was named acting ceo mark 20th when the board suspended person from the firm. this was after he was filmed saying controversial things. the privacy scandal has been at the center of criticism of facebook and has featured prominently in the two days of testimony this week by facebook ceo mark zuckerberg before congressional committees. s

. $702eal headliner, selling million in bonds in its first ever offering backed by softbank.ld 7.8%. bonnie, i want to begin with you. is this why the credit agencies struggle so much with this issue? bb-.s rated they did not know what to do with this. why not? >> it is always difficult when you have issuers were negative cash flow, and have projections for growth and cash flow going forward. and so, in addition to that, we have a disruptive business model that is different from what is traditionally seen in the market. rating agencies had difficulty digging into that. this market like any market, you have to do your homework to understand the credits, and who you work with, no exception. jonathan: the secondary market is looking softer. in the primary market, demand is still there. do you take positives from that? >> i do. the positive is capital. there is still broad-based global growth environment. maybe it is not as strong as it was at the end of last year, the global economy is still doing well. there's not a lot of inventory overhang. we will probably get a lot of cycle

softbank searched the most in 12 months on the news. mark zuckerberg making his first of two appearances on capitol hill. he was answering questions for more than five hours, defending facebook and excepting the use of data is his responsibility. peter elstrom is in tokyo where he joins us. what does this testimony mean for facebook and arguably, the wider technology industry? peter: hi, rish. as you mentioned, the testimony today was very long. it was five hours, just the first of two days of appearances by zuckerberg. lots of questions around facebook's business model and what needs to happen. a republican senator raised the question, we do not want to have to regulate facebook, but we are concerned about how your -- you are facing privacy issues now. explain how you will take steps to never let this happen again. the challenge is that facebook is a free service. the way it generates revenue is by selling time to advertisers, time and attention to advertisers, who get on the social network and try to market to these users. facebook ha

shares finished higher by 4% to 53.0 japan's softbank is interested in buying mediali per trunk.eport said that the japanese investment conglomerate has joined a list of several potential bidders that areey ng the owner of the new yorkag daily news, ch tribune and ltimore sun. trunk is also considering other offers. trunk shares rose more than 10% today to $19 even. >>> volkswagon truck unit said it is considering making an offer for trucking giant navistar. a potential deal could be valued at about 3 or $4 billion. shares popped nearly 10% to $40.71. higher cost cut into therofit transportation company jb hunt. overall revenue was stronr than expected as the company shipped more packages. shares climbed 6% to 119.75. g hasnd a regulatory fil shown that the hedge fund point 72 asset management has taken a 5% stake in video streaming company roku. shes initially popped after the bill news and finished the regular session up o $33.02. >> the head of the world's largest advertising company abruptly stepped down over the weekend. sir martin sorrell's departure follows vague allegatio

julia: talk to me about softbank.he face of what we are seeing is far as a broader shakedown? >> the rationale kind softbank for me is bidding on mr. son. i think he is the best entrepreneur of all time in japan. i know there's a lot of controversy in the u.s.. it is just an amazing track record. i'm happy to give him the benefit of doubt. he is doing interesting things. so let's wait. resilient? nervousness? >> i don't get too worried about the movement i focus on the he alwaysl heard delivered on his past commitment. scarlet: thank you so much. us, normally based in hong kong but visiting the u.s.. coming up, white pension funds need to extend their time verizon. reminder, surprise -- subscribe to our podcast on itunes where you'll find the best context each friday to employ over the weekend. you can listen to them on audio. from new york, this is bloomberg. ♪ ♪ scarlet: what'd you miss? when it comes to stockpicking, long seeks dividend. we call ourselves unconventionally conventional. it's nothing can see, it is a

we have the softbank involvement with sprint and t-mobile.t difference does it make and to perhaps other deals we have cut going on being blocked. why could this be different? >> i do not think the ownership to perhaps other deals we have cut going on being blocked. struggle is two different. the fully complication us. it took a while getting to the point with companies agreed to a deal. his son who ultimately controls softbank was very reluctant to give up. but he needed to. the other thing is you have two ceos who fall over the right direction. they have been critical of each other. critical of almost all of this on a daily basis. social issues are bringing this together. it will be much more on the merits of whether this hurt the u.s. consumer. >> what else would you say about the environment in 2018 compared ?o back what it was compared to even the provision content providers and the landscape shifted, whether it is deals or big tech guys adding to the market queue, do they have other arguments to pull in? at the 5g she is by far the bigg

we have seen the defense stock up by 7.6%. .hey make railroad equipment softbank in focus on the back of the text. -- tech stock. it could be close to a merger. sources telling us that could merger could come as early as next week. a machinery manufacturer in tokyo is the worst performer in the region in terms of member ranked returns. number of lowering -- nomura lowering its price target. the company itself came through with weaker first-quarter guidance. thanks so much, juliette saly, in singapore. kim jong-un has become the first north korean leader to enter south korea. he was greeted at the border by moon jae-in ahead of a historic nuclear summit. talks got underway in the demilitarized zone. a new history of peace and prosperity. >> there are a lot of people hoping for the best results. i am worried we will disappoint them if we don't follow-up on good agreements from past meetings and do not make this meeting the opportunity to improve our relationship. anna: stephen engle an watching the drama unfold from unification bridge. give us the context here. this is historic for many

team obama and sprint owned by foreign companies but germany's deutsche telekom and tokyo based softbank group so t. mobile and sprint have their work cut out for them if this deal is to see the light of day our correspondent in frankfurt oldish botts has been following the story for us only how likely is it i will see if this merger actually happens. one major aspect of the question is how the u.s. government will react under a trumpet ministration the president not known for favoring foreign companies and the f.c.c. under his direction and also the justice department could hold decisions that are not that favorable but when you look at the face of it yes together they will be more powerful and they will have many more customers and perhaps a little bit more price authority in this very interesting but also very competitive market but they will still be only number three in the u.s. market and a t. and t. and verizon will still be bigger so where is the problem is what i say looking at it from the outside the market is a little bit skeptical of it too that's always a good seismograph of

raised almost seven billion dollars through various equity investments including that of japan's softbank we work is doing well and on a high as company sales increased more than two times last year to eight hundred eighty six million dollars. have you ever wanted to trade in your business attire for let's say something a little more comfortable or sit on the cultural performing your daily work routine while you can what the we were we work is an american company that has been providing shared work spaces for eight years the company designs and builds physical and virtual shared spaces and office services for companies who are looking for an unconventional work environment we work is geared towards entrepreneurs' freelancers startups small businesses and large enterprises experts say where you work matters ordinary work spaces do not always enhanced in employees performance mood or efficiency or in brick nell managing director at dale office interior says quote creating different workspace environments within one office adds great flexibility having quiet areas collaboration areas and som

of these new projects the first planned megacity is called neon it's supported by japanese giant softbank and it aint see the largest city in the world to run on one hundred percent renewable energy is intended to be about thirty three times the size of new york costing around five hundred billion dollars and there's a solar power plant worth two hundred billion dollars touted as the world's largest such project now saudi arabia also has plans with egypt to build a large city on the sinai peninsula and that's costing about ten billion dollars and a forty four billion dollar refinery deal with three indian companies now saudi arabia won't fund these projects alone but the estimated costs will be more than seven hundred and sixty billion dollars now the numbers indicate the kingdom could struggle to pay for them or less now take a look at saudi arabia's financial resources the kingdom has around four hundred eighty billion dollars in cash reserves it had far more in twenty fourteen when it started burning through the pile that's because oil prices began falling shoppy after a peak of one hu

raised almost seven billion dollars through various equity investments including that of japan's softbank we work is doing well and on a high as company sales increased more than two times last year to eight hundred eighty six million dollars. have you ever wanted to trade in your business attire for what say something a little more comfortable or sit on the cultural performing your daily work routine while you can what the we were we work is an american company that has been providing shared work spaces for eight years the company designs and builds physical and virtual shared spaces and office services for companies who are looking for an unconventional work environment we work is geared towards entrepreneurs' freelancers startups small businesses and large enterprises experts say where you work matters ordinary work spaces do not always enhanced employees performance mood or efficiency born bracknell managing director at dale office interior says quote creating different workspace environments within one office adds great flexibility having quiet areas collaboration areas and sometimes

seen some headlines this week about the world's biggest ever solar project saudi arabia and japan softbank signed up to a two hundred billion dollars solar mega plan it will feature the biggest battery ever made and networks of solar panels across the saudi arabian desert and several analysts are cautioned the current agreement is not binding and could be revised now anger is growing from some consumers in somalia over the rising cost of shopping and eating out and because of the first five percent sales tax in nearly thirty years the government says the levy is crucial for somalia's economic recovery mohamed atta reports from mogadishu. we're going to shoes leave the beach is a sign of somalia's growing sense of optimism at its coffers with shaded table sit clients mainly middle mogadishu's welfare elite sipping expensive coffee but these days they're having to pay more for their food and drinks the government has just introduced a five percent sales tax for the first time in almost thirty years many are unhappy . i just paid three dollars of tax yet i don't trust the government they have

seen some headlines this week about the world's biggest ever solar project saudi arabia and japan softbank signed up to a two hundred billion dollars solar mega plan it will feature the biggest battery ever made and networks of solar panels across the saudi arabian desert and several analysts are cautioned the current agreement is not binding and could be revised now anger is growing from some consumers in somalia over the rising cost of shopping and eating out and because of the first five percent sales tax in nearly thirty years the government says the levy is crucial for somalia's economic recovery mohamed atta reports from mogadishu. we're going to shoes leave the beach is a sign of somalia's growing sense of optimism at its coffers with shaded table sit clients mainly middle mogadishu's wealthy or elite sipping expensive coffee but these days they're having to pay more for their food and drinks the government has just introduced a five percent sales tax for the first time in almost thirty years many are unhappy . i just paid three dollars of tax yet i don't trust the government they h