Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo
International community. Because india insists that. The bilateral drugs between the 2 countries have come to our dead and therefore International Mediation the nudity necessary in order to avoid a major crisis from spreading out of control. Happy man jacob is director of the indo pak conflicts monitor he says the change has been forced through undemocratically and will face legal challenges. This is going to be a long drawn out legal back to the highest all of the country the Supreme Court of india the months in the days to come you would with the. Bike and for them the debate in the it didnt it didnt just in part about the constitution not at the office of action you do things i didnt want to stop being optic at the 70 by you president ial order and the other reducing the status of just went from the state you need to be sent for me ive been its just been started i think both of these are going to be. A ticket to the border by the opposition parties betty betty so this has been done
Hello im Adrian Finighan this is counting the cost analysis here your weekly look at the world of business and economics this week on patrol off the coast of west africa nations step up their naval presence to counter the scourge of piracy and hostage taking. After 6 years of treading water gold prices are on the rise we find out whats behind the move. And what. Impressed record morning on production rather than import. A decade ago no ship was safe off the coast of somalia men armed with machine guns in small boats would target vessels including aid for the World Food Programme the menace of piracy continues to plague the region impeding its security and Economic Development but its also increasing in other areas that you hotspot is the gulf of guinea an area that covers 6000 nautical miles or 11000 kilometers of coastline from angola to senegal west african countries lose 2000000000. 00 annually to maritime piracy and armed robbery. The region produces more than 5000000. 00 barrels o
Because groups like it a sham which many in the International Community believe is still linked to al qaida refused to leave the area now its not clear how long turkey has to implement this agreement the Russian Reconciliation Center in syria is mentioning a 24 hour deadline we havent been able to confirm whether are not there is the 24 hour deadline but definitely it will be difficult for turkey to achieve the creation of a zone in just a few hours especially since h. T. S. High up that even a sham and other opposition groups have not declared their willingness to leave this demilitarized zone. A day off to hong kong Civil Servants defied a call from the government to stay neutral in the protesters outraged 3rd consecutive day its just gone 5 pm local time live pictures now from the district among the protesters a marching off from mass running in the park demanding an inquiry into the Police Handling of weeks of demonstrations and the withdrawal of the controversial extradition bill