The companys cfo told this show sterlings weakness in the wake of brexit was hurting fares. Sterling has weakened quite significantly. Thats having an impact on the fares. The draghi put weighs on on the euro as the currency loses ground against the dollar after the Central Bank Boss says stimulus measures need to stay. An extraordinary amount of Monetary Policy support, including through our forward guidance, is Still Necessary for the present level of underutilized resources to be reabsorbed. Good morning, everyone. Its tuesday, glad youre with us once again here in the uk, especially after that Long Bank Holiday weekend. Some of you maybe were stranded at heathrow given the woes there. Lets talk about European Markets first. Were seeing the ftse 100 under pressure off by a half of a percent. The xetra dax eking out a modest gain of 7 or 8 points. Cac 40 off by 0. 6 . Ftse mib extending yesterdays declines off by a similar percentage. When it comes to sectors, banks are under a fair
Jesting them at the moment. And well be meeting the only Living Person who has invented and been implanted with a medical device to cure their own chronic medical condition. Its called the vibrant soundbridge, and has given Geoffrey Ball back his hearing. Workers in australias tax office have refused bosses pleas to extend their working day from 4 51pm to 5pm. What could you achieve if you spent an extra nine minutes a day at work . Just use the hastag bbc biz live and wherever you are it is amazing what you can do in a whole nine minutes send in your comments on that and other stories we are covering today, it is a packed agenda. Full year results for Banking Giant Hsbc has come in quite a bit below analysts expectations. Pre tax profit fell 62 from the previous year, with the bank calling it a period remembered for its largely unexpected economic and political events. The net profit of 7. 1 billion compared with 18. 87 billion recorded in 2015, and Group Chairman Douglas Flint says g
And World Business report. A free and fair Trade Relationship thats the message from the us as mike pence continues his tour of asia. But what does that mean forjapan . We get an expert view. And banking on reform from President Trump, but as yet no news. Goldman sachs and Bank Of America are the latest to reveal their earnings. Im sally bundock. In a minute, well cross over to asia to hear about a potential takeover of one of britains most popular breakfast cereals. But first, as we speak, the us Vice President mike pence is en route to tokyo where hes meeting with the japanese prime minister, shinzo abe. In recent weeks, President Trump appears to have softened his stance on trade after taking aim at some of the worlds biggest exporters during his election campaign. In the case of japan it has been accused of manipulating its currency for trade advantage, something the japanese have denied. And the Trump Administration is hoping to reverse the Trade Deficit between the two nations wh
His brother and mother. Call it raiders of the lost train. Polish workers launch a search for a train said to be laden with gold and valuables. I am brent goff. It is good to have you with us. At this hour, Syrian Refugees in hungary are using the only thing they can, their feet, to get out of hungry and into austria. After days of being stranded at the main train station, refugees said they could not wait any longer. Unwed there is unrest at refugee camps as well as clashes with riot police at the syrian border. At the camp near the capital, one migrant reportedly died in a chaotic situation that is only getting worse. Reporter hundreds of frustrated migrants marched out of budapest, vowing to reach the austrian border, some 170 miles away, on foot. We are walking. We dont went to stay here. We dont have anything. We want to work. We work. Work, work. Reporter the migrants, including syrians flee at war, hope to eventually reach germany or other western countries in europe. At a railw
Revise Financial Aid today. It comes after they will not be able to make their payment by june 5. Yanis varoufakis has blamed creditors demand for more austerity for the lack of progress. Saying their guard government will not accept a cure. In a moment we go live to our international correspondent. Lets get the latest in athens. What is the state of bailout talks . It is another groundhog day in the greek crisis saga. The socalled brasses group have resumed talks today. The significant differences remain in areas including sales overhaul, labor market reform, and targets as the greek spokesman explained yesterday. The impasse continues for the fifth month. There are only five weeks left of the bailout. It reminds viewers at the end of next month, they extension that greece got in february for its bailout expires. After this, they will have no financing whatsoever. In this. , greece could strike a deal with creditors, have this deal approved by parliament and then lay the fine foundati