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Welcome to todays worldwide exchange. Ross westgate is away. Im kelly evans. These are your headlines from around the world. A new chief executive after dropping profit. But cnbc reports the leadership change isnt related to the results. This is a process that started years ago. Happens to coincide here today with a weaker pricing environment. But two totally unrelated events. Teleco stocks on the move. Kpns 4 billion Capital Raising plan is backed. Full year earnings below expectations. And comedianturnedpolitician says his moving is unstoppable. In an exclusive interview, he says italians need to step aside. The rush to set up shop in china is down. The fastest decline in more than three years in january. Okay. Lots happening on the program today including a grew interviewer coming up. Well be counting down to the bank of england minutes after Andrew Bailey is to lead the new banking regulation unit. The minutes will be out in a halfhours time. Well bring those and u. K. Unemployment

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