Driverless cars are hitting the highway. Audisgoing to check out autonomous a7 that is paving the way for driving handsfree. And, lufthansa shares slide on weak results. We are live with the carriers cfo earlier eight are in the program. In the meantime, lets get straight into our top company story. Adidas shares are under pressure. The company slashing its profit forecast. This among other things, russian unrest. Lets find out what is going on. Hans nichols is in berlin with the details. Good morning. There are two things at play here. One, russian unrest. That is a weakening ruble. So much of their sales are in russia. Anthe last quarter, they saw 18 decline in sales. Whether it is golf or russia, stock is down more than 10 this morning. Here are the numbers on their profit warning. For 2014, they expect 650 Million Euros for profit. That was before estimates of 890 Million Euros. H, a is almost 25 slas remarkable move. When we get to the russia story, when are we going to see an Eco
Standing by to deliver the stories that will drive your day. Could be weeks away from a deal with u. S. Authorities. Hans nichols is in berlin covering and is deflation a thing of the past for japan . And later on in the show, the worlds first smart racket. It is changing tennis for pros and amateurs alike. What it says about my swing. I tested out next hour. Is weeks awaynk from a deal with u. S. Authorities over lenders dealings with sanctioned countries. The u. S. May seek more than 10 billion from the bank. That would be the biggest ever sanctions violation penalty. Manus cranny is here with the story. 10 million . We were talking 5 billion a week ago. The mood is shifting. The mood is changing. Of the pond in terms of retribution. This would be the first french bank that the Obama Administration has gone after since he came to power. The severity of the penalty last week, i was saying 5 billion. It is almost like a ticker. Why . His conduct more egregious. The bank did not fully c
We are live from bloombergs European Headquarters in london. I am guy johnson. Francine lacqua is off today, back tomorrow. Within the last hour, we have learned that the ukraines Prime Minister has resigned. He is stepping down to help ring protests the street that have paralyzed the country. Lets get the latest from Ryan Chilcote. Emergencyainian session began just a let just a little less than an hour ago. We got this surprise offer of resignation from the prime , who says he wants to try to encourage some kind of peace and reconciliation in ukraine. Immediately after we got that announcement, the broadcast signal for the Ukrainian Parliament was cut. Many questions remain. For example, will he remain in the job as the acting Prime Minister . If his resignation request is not excepted. What if no one takes the job or agrees to fill in for him . Over the weekend, we heard the ukrainian president , that is who many of the protesters would like to see resigned, say that he is prepared
Its one of the wildcards ahead of the septembers elections in germany a row over a failed project to develop Surveillance Drones that wasted hundreds of millions of euros. Today, the man at the center of it all had to appear before a Parliamentary Committee to explain himself, but he stuck to his guns and said he will not resign over the matter. The opposition says he knew more about problems at an earlier state than he is letting on, and they say that should cost him his job. The stakes are high because he is a close ally of chancellor merkel, and she is standing by him. He has denied the accusations against him. He says he knew about problems regarding the euro hop drums, but his aides told him they were not insurmountable. When that group wrong, he put an end to the project. I think it is important to note that at the time i took Office Around 85 of the total sum had already been paid or had to be paid under the terms of the contract. When i was first informed of the problems in ear
Its one of the wildcards ahead of the septembers elections in germany a row over a failed project to develop Surveillance Drones that wasted hundreds of millions of euros. Today, the man at the center of it all had to appear before a Parliamentary Committee to explain himself, but he stuck to his guns and said he will not resign over the matter. The opposition says he knew more about problems at an earlier state than he is letting on, and they say that should cost him his job. The stakes are high because he is a close ally of chancellor merkel, and she is standing by him. He has denied the accusations against him. He says he knew about problems regarding the euro hop drums, but his aides told him they were not insurmountable. When that group wrong, he put an end to the project. I think it is important to note that at the time i took Office Around 85 of the total sum had already been paid or had to be paid under the terms of the contract. When i was first informed of the problems in ear