Sachs leverage finance conference with a number of exclusive interviews, including the banks chief european economist and the cfo of europes telecom giant. Youre watching worldwide exchange, bringing you Business News from around the globe. And were just getting news out of italy. Rates came in at 12. 3 for all in july. It was 12. 6 and its expected to stay at 12. 6 . It came in lower than expected at 12. 3 . The youth Unemployment Rate hit a new record high of 44. 2 in august. So the overall rate is falling, but the youth Unemployment Rate going up. Were getting some data on the health of the german labor market. The seasonally adjusted jobless rate falls to 2. 8 million. German september jobless unadjusted rate was at 2. 65 . Slightly lower. But the adjusted rate was 6. 7 . Obviously, a lot of focus on germany. It can rely on growth, were talking about the biggest economy in europe. A lot of questions or concerns around what further sanctions in russia will do to germany. Absolutely.
Pedaling. They said if there is a too prolonged period of low inflation rates, it will also consider unconventional instruments. And back in fashion, shares of luxury sales beat in the First Quarter. The best Clothing Sales were posted in three years. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to todays program. To the trade here in europe, 82 advancers currently out pacing decliners. It seems more dovish than we might have thought because they didnt talk about the time line between the end of qe and when rates were going up. Now appears that janet yellen saying six months was an off the cuff remark when they talked about a considerable time period between the two events. Thats helped u. S. Equities up, asian equities up, despite chinas export data was down for the second time in march. The ftse yesterday was up 44 points, up another 49 this morning. 0. 75 higher as is the xetra dax, the cac up as well as the italian market up as well.
Cyber battle. The u. S. Attorney general vs to fight back against hammers stealing trade secrets. U. S. Leaders have to do more to fight hackers. Attorney general eric holder says theyre stealing information that belongs to american businesses. He pointed the finger at Foreign Companies and governments. This work is a to priority for the obama administration, for the entire administration and the dedicated men and women of the United States department of justice. Holder said he was concerned about economic espionage and Cyber Attacks from people in china. He listed several cases in which chinese nationals were convicted of stealing trade or secrets. President barack obama expressed his worries last week in his state of the union. He said what he called enemies are trying to sabotage the power grid, Financial Institutions and air Traffic Control systems. Obama signed a new executive order to strengthen cyber defenses. Officials said last year that the number of Cyber Attacks targeting C
Cyber battle. The u. S. Attorney general vows to fight back against hammers stealing trade secrets. U. S. Leaders have to do more to fight hackers. Attorney general eric holder says theyre stealing information that belongs to american businesses. He pointed the finger at Foreign Companies and governments. This work is a to priority for the obama administration, for the entire administration and the dedicated men and women of the United States department of justice. Holder said he was concerned about economic espionage and Cyber Attacks from people in china. He listed several cases in which chinese nationals were convicted of stealing trade or secrets. President barack obama expressed his worries last week in his state of the union. He said what he called enemies are trying to sabotage the power grid, Financial Institutions and air Traffic Control systems. Obama signed a new executive order to strengthen cyber defenses. Officials said last year that the number of Cyber Attacks targeting
Place and twenty fifteen under former president barack obama it barred providers from blocking or slowing access to content or charging consumers more thats about to change the f. C. C. Is moving as part of u. S. President Donald Trumps push to scale back regulation in many economic sectors. Next neutrality rules banned internet providers from giving preferential treatment to certain websites after the f. C. C. Vote that seems to be a thing of the past. The ending of Net Neutrality has been met with fury by millions of internet uses both online through social media. And offline at this protest outside the f. C. C. Headquarters they say consumers will be forced to stump up the costs of say paying for faster access to their favorite sites or even paying to access certain websites that all. Say it will saddle content platforms with costs that they will be forced to pass on to their consumers the chairman of the f. C. C. Saying its not the role of the regulator to dictate to Business Model