I think also, i have a word for you because it isnt one, there has to be twoway communication. Start with addressing the gap between the perception and reality. The position is far from reality about africa. 45 african countries [indiscrenible] i challenge you to sue the Chinese Government in the Chinese Government world . You American Business people ask for good laws, transparency, lack of corruption. Can we politely ask you for the same . Can you please do business, you are welcome, make as much money as you can but can you please pay your taxes because it is a major problem. It is causing huge problem in africa. Finally, this is causing us problem with different lawyers and Financial Advisors you can throw rings but dont do that. Also for respect of the longcare in africa, if you want longcare, you have to do clean business or it will come bite you on the back side. One thing i want to say about the American Government and i am surprised that the uk is pushing for transparency of o
Profits sending shares to the top of the french markets. And continental raises its out look. A double digit jump in profits. Well be speaking to the group ceo in the next hour. Youre watching Worldwide Exchange bringing you Business News from around the globe. Now welcome to the show. We just got some breaking data on italian gdp. Its come in as expected for the quarter. For the year of 2014 for the final quarter at 0 for the full year minus. 5 . It was expected at. 3 . So the full year figure just below expectations. A contraction of half a percent. You can see the euro is down three tenths of a percent today but thats come over the last two trading sessions and ahead of the break. Theyre saying they anticipate we should be looking at growth later on this year for italy. There could be slight growth during the first three month of the year instead but italy is one of the interesting ones in terms of potential for surprise. But also so crucial because of the size of the bond market. W
Our mistakes, to our weaknesses. And own up to our solutions and contributing to our solutions. So that we can even tell our story. You find we even depend on others to tell our story. So thats how destruction has come about. So i really think theres not much time to waste as time goes with africa, in terms of building this consensus, this working together, this owning up so that we cooperate and partner with others rather than being too dependent on them. So this is an opportunity we have to leverage this partnership and to address that particular problem. Thank you very much indeed. Firstly, i would like to agree with my brothers that lets take ebola as a disease that is affecting humanity. Rather than just to look at it as an african problem. Fortunately, i said earlier africa is organizing itself. Even the Health Organizations continentally are working together. Thats why were confident that this time around, we are working together to address this problem of ebola. But i must also
Some catching up to do. Foreign investment in africa has reached record highs, but that the United States is being led more by its domestic policies and we are letting europe and china grow at a faster rate. While our exports to the continent are at a record high it is also true that only 2 of our total exports go to africa. And that means were missing out on a major opportunity to create jobs here at home. In america theres a disconnect between the reality of the African Market and the perception of the African Market. And this conference is aimed at fixing that. Countries and companies that ignore the African Market do so at their own peril. And that will become increasingly true with each passing year. The business that i own, bloomberg lp has offices in six countries in africa, eight cities, employing more than 160 people, including more than 120 fulltime and freelance journalists and we are growing there. In fact the First Business trip that i took after leaving office in january
Jeweler tiffany analysts called a deal win for both companies tiffany has been trailing rivals in sales growth for years and l v m h hopes the deal will boost its presence in the United States the 14700000000 euro deal will be elvie m. H. S. Biggest acquisition to date a luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u. S. Jeweler tiffany is one of americas few Luxury Brands its a bit old fashion and is looking to gain some credibility with a new generation of customers. Paris based l d and h. Believes it is just the owner to manage the transformation it owns a portfolio of 75. 00 fashion houses and upmarket brands it tightly controlled the image and distribution of a range of products to keep them profitable and aspirational now the mh had revenues of nearly 47000000000 euros last year most of it from its leather in Fashion Division with brands like louis vitol and the your its