Employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laundering, terrorist financing, any of the things that we are all focused on, including the company, they would rise to systemically important
Plus you will hear from the social Networks Global chief diversity officer. She tells us how facebook plans to double the number of female employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laun
Its a very modest decline. All in all, when i look at the full year, we have done better. We are gaining market share. Anna a warm welcome to the program, this is bloomberg daybreak europe. In the london, 7 00 land. We go there in terms of the results we get first this morning. Fourthquarter net income coming in ahead of estimates, 801 Million Euros is the number on the bloomberg right now. The estimate was for 569. 6 million. The company has been cutting costs and has sweeping restructuring plans. The focus is really on that restructuring progress and what they are doing there. Also on their dividend plan. Theyre telling us for your dividend will be 0. 32 euro. The focus, the comparison with ,ts rooftop with its rival will become italys largest company. Credit has at union his plan in his sights. On watching for an update nonperforming loans, a focus for this is this as well. Lets stick with the banking sector, commerzbank has their numbers hitting the bloomberg as we speak. For her o
Unicredit reports its highest Fourth Quarter profit in a decade and rolls out its first Cash Dividend in half a decade. Shares in swiss re spike nearly 6 at the open addres ja softbank looks to invest in the insurer. Insurance is finally a very interesting industry its in a transformation its in a radical revolution the parameters that run the industry and constrained the industry for years no longer exist. And chinese imports surge in january and contributes to the yu yuans worst day in 2 1 2 years. One of the big stories, softbank in talks with swiss re about taking a stake in the company, that sent shares close to the top of the stoxx 600. The deal could be worth around 10 billion and would give the Japanese Firm a onethird stake in the reinsurer swiss re said the talks were at an early stage and theres no certainty any transaction will be agreed. Doesnt seem like investors are seeing it that way Zurich Insurance reported fullyear net profit ahead of expectations the figure came in
Concerns. They stopped short of a fullscale breakup, leaving estors questioning how big how quickly she can recover. Thats your Bloomberg Business flash. Matt thanks for a much for that. The president of zimbabwe is said to be step down. After a week of confrontation with the government, the forces have said action was needed to stave off a violent conflict. He is 93 years old. Whats the latest . It seems the situation is extremely fluid. Himself planning to step down. Theres a lot of secrecy. Not a lot coming through in regards to news on a regular basis. But we are hearing news that deal fore is negotiating a he and his wife to leave the country peacefully. This is the one people are looking to to take over at this point in time. Would it be guy what are the southeast south africa . What would they leave behind . South africa would probably be the first destination. Politicians seek asylum enzo oblique from here as well. A would say we offered it to use so you need to offer to us as