In the vera tarasova studio. Hello, the World Economy is moving to a multipolar model, where several Growth Centers operate. Vladimir putin made this statement at the Plenary Session of the Russian Energy week. More than 4,000 guests from 60 countries arrived in the capital. Iraqi Prime Minister mohammed assudani also took part. He is on an official visit to our country. The focus is on the development of the electric power industry, oil and gas, chemical and coal sectors, and the Digital Transformation of the industry. Putin dwelled on the issues in detail. Gasification of russian regions and proposed to provide subsidies for their participants, their families, and also disabled people of the first group. The president recalled that Energy Companies should give priority to fuel supplies to domestic consumers; separately, Vladimir Putin dwelled on what the European Unions attempts to abandon Russian Energy resources led to. Restrictions have been introduced on banking services, frackin
Im carl kiquintanilla and melis lee. We turn to black friday and all things retail. We might get records for the s p and the nasdaq at least at the open euro at the sixweek high against the dollar having the best run since july. Europe is up and oil is the other story, thats a two and a half year high and that opec meeting next week. Our roadmap begins with the season for shopping. Retailers have focused on the holiday shortened day. Macys hoping the post thanksgiving spending free will end a threeyear sale slump. A massive data breach made public on tuesday and now reports the new ceo has known about the hack for months. It is black friday, the official start of the Holiday Shopping season many shoppers already got a head start. By last night consumers had spend 1. 5 billion online. Consumer spending up nearly 17 year on year until 5 00 p. M. Last night according to adobe analystics which tracks Online Transactions at the top 100 retailers. I think the headline in the journal today on
October after an Appeals Court upheld his corruption investigation. Markets will have a strong a. Pressure will hurt fullyear sales by 460 million pounds. We will speak to the companys ceo in an hours time. Davos withre live in a great line up of interviews. Lets find out who is on deck. Good morning. Francine good morning. We have quite a lot with a great line up of interviews. Lets find out who is on deck. Of great interviews coming up. Be speaking to the barclays Ceo Jes Staley. To the primelking minister of ireland and we will be talking to the u. K. Prime minister as well as well as the chancellor. If you look at the we are spending politics, the economy, and finance and we are seeing the ukrainian president. It is a packed show and it is day three of the World Economic forum. We have all of today and tomorrow. Talk about the markets. What do we have in terms of what the futures are expecting . Less than half an hour till the start of trading. What is the picture . Matt we see fut
Figures out this morning. England rugby team. Ill be finding out why. Working weekend. With edinburgh and carries nearly 38 million good about any of the stories were covering this morning. Passengers a year. Just use the hashtag bbcbizlive. Start to the working weekend. Means for passengers. Morning. A pretty chilly start of the day. Pretty chilly start good morning. Have been described. Of the day. I am here at rhs wisley in surrey. Knocked off course by strong pretty chilly start of the day. Here at rhs wisley in surrey. Winds. Have been talking about snowdrops this morning. This morning. The world of film conditions at the Winter Olympics are causing problems. Are causing problems. Have been getting earlier and earlier in recent decades. Earlier in recent decades. And entertainment. Fact we have seen some milder slope style went ahead as planned, but was that the correct choice . Winters. And matts admiring the snowdrops at rhs wisley. Winters. This winter has been around where it
Tell us why theyre confident the nation can survive the gulf crisis. The week began with opec and russia saying they will maintain curbs through 2018 and ready to cooperate beyond that. We spoke exclusively to the Saudi Energy Minister and his russian counterpart, Alexander Novak. We assume cooperation between our two countries is longterm, and regardless of whether in terms of the markets, market stabilization, or other areas. Our cooperation is based on agreements we signed in china. Over the past one and a half years we have been implementing this, we have shown a lot of success. We had a successful run. Yousef that was Alexander Novak peaking. Why are they already talking bout 2019 . The Saudi Oil Minister opened the floodgates when he said he did not think the market would be rebalanced by the end of 2018, possibly 2019, and this talk of could the deal be extended into 2019. For opec and nonopec, it is status quo and they are looking at what happens when the deal expires at the en