Bends while apple is forced to pull the latest ios update after several lost service. A warm welcome to countdown. Im anna edwards. This 6 00 in london thursday morning. The rise of Islamic State dominated the agenda at the United Nations meeting in new york. Barack obama called for support in the fight against extremism in iraq and syria. Terror. D condones this no grievance justifies these actions. There is no reasoning, no negation with this no negotiation with this brand of evil. Only language is known violence. His force is one country said to join in that coalition is the united kingdom. David cameron called the General Assembly and said his country will begin a new phase of involvement in iraq. In london, he will chair a Cabinet Meeting ahead of the parliamentary vote on taking part in airstrikes. Coming up on the program, stay with countdown. We bring you interviews that you do not want to miss. Be will be speaking to the google chairman eric schmidt about alibaba. The ecommerc
Welcome to countdown. Breaking news crossing the bloomberg terminal from Deutsche Telekom. Caroline hyde is here. Basically in line with basically flat on last year. It is in line with where analyst had been expected. Sales were tiny bit weaker than had been expected. Analysts wanted 15. 2 billion euros but sales flat on the previous year. This is a Company Facing intense pressure in terms of prices. They have stronger competitors. Its going to up the ante in terms of pricing competition. The chief executive has vowed to revitalize the company, particularly the european operation. The biggest setback of course all over the news yesterday is the u. S. Unit. What will happen after sprint walked away . Sprint walked away because of concern about regulation. They were looking to merge the number three and number four players in the u. S. The regulator came out with a statement yesterday evening saying sprint has to focus attention on the competition in the u. S. And they are quite happy wi
Welcome to countdown this friday morning. Happy friday, everybody. Also coming up on the program, if you cannot face the morning commute on a crowded train, join me on a trip that puts you in the lap of luxury. No worries about getting a seat on the service. This is coming up later. Should we talk about tax and luxembourg . ToJeanclaude Juncker seems be taking a little bit in the press in terms of what is going on with luxembourg. That is whats, might be the title for someone making phones today. This was an investigation by independent journalist that came up with detail and hundreds accompanies that have allegedly to save tax and luxembourg. We have a collection of news organizations, a Investigative Group and i came up with quite some salacious details about the special rates that individual companies were getting to actually cut taxes and have their own personal tax deal in sign of luxembourg. The question is the nexus and the role that we have from Jeanclaude Juncker because many
We have breaking numerbers. Beatenquarter has estimates. Analysts were estimating 2. 5 billion. That is for a target operating euros of 9. 510. 5 billion. Last year was 10. 1 billion euros. This is the big insurer. It is involved in asset management. It is all about pemco. The biggest in the world. Bill gross has been under scrutiny team. His management style. They are not the most harmonious. And now he is chief economic advisor. They are all intertwined. Has had withdrawals in july. The smallest monthly redemption since they began in 2013. The redemptions have lasted over a year. I yesterday afternoon, tweeted a pimco tweet to buy bonds. Someone said when you have long bonds there is one thing to do with the market. They get teased about that. It is their business. Outflows of pimco continued to slow. Yes we have had outflows but they are continuing to flow. Particularly in the United States it has been a volatile investment. It includes the global business, allianz as well. Down it
Going to have to find alternative ways of getting their items cheese, american chicken, nordic fish as Vladimir Putin poses imposes wide sanctions. How would that affect us here . Is it that significant . Scarlet fu has more. It is seen as not a major issue for the United States, partly because the headline sounds alarming, but the Economic Impact is perhaps less so. U. S. Agricultural exports to total are less than 1 of agricultural trade. Be exact. That is because russia has placed restrictions on food steps including pork, turkey, and beef, by imposing unjustified sanitary measures, from russian perspective, not u. S. Standards. A big plunge shortly after the financial crisis, but then a steady recovery since then. Of course, we have seen a big decline this year in 2014 as the russian sanctions took effect and the u. S. Responded to that. This is something to keep in mind. As for the europeans, it it might be more of a hit, particularly used in european farmers my see less of a mark