A palestinian is released from an israeli jail. Boys are being kidnapped by fake initiation schools. Be while its another crucial day that could decide greeces economic fate the greek government has less than 24 hours now to convince the creditors that it can be trusted to enact promised reforms and secure a promised bailout. Economic reforms and further austerity measures in last ditch attempt to stay within the eurozone. Athens has asked for 54 billion euros to cover its debt but some analysts believe it needs much more. Ministers will meet in a few hours. The new loan would be in addition to the 240 billion euros greece has already received from its creditors since 2010. Simon mcgregor wood reports now from athens on a difficult day of talks. After nine hours the finance ministers decided they had had enough. They would have another go on sunday morning. There was no particular cause for optimism. We have had a discussion of the greek proposals. The issue of credibility and trust wa
I want to hear more about the Fabulous Four from the fed. A busy day at Morgan Stanley in tokyo. Francine, are the many articles of mystery of why the yen is stronger. The most sophisticated prose. There is a mystery to it. John letter says they were talking about these trades and he himself cant figure it out. We will delve deeper into that. First, lets get to bloomberg first word news. Here is vonnie quinn. David cameron is acknowledging he had a stake in an offshore fund set up by his late father until six years ago. Cameron has been under intense pressure to provide details of the interest in the holding find it since it was mentioned in reports after the disclosure of the panama papers. Cameron previously said only that he, his wife, and his children hold no offshore accounts and one that in the future. State john kerry is in baghdad at this hour on an unannounced visit. He is meeting the iraq Prime Minister and others. The trip coincides with military advances against Islamic Sta
Growth, but the u. S. Economy is doing well. Admitsd David Cameron that he and his wife own shares in a panamanian trust set up by his father. How hard will the revelation hit . Good morning, hans. A couple stories dominating. The first is whats happening in the financial markets. A move in the opposite direction, but nevertheless, everybody is on hooks waiting to see what the japanese will do. Then you have this story with David Cameron. When you and i caught up this morning, i was surprised at how dominant it was in the german press. Hans you know, when i was in the public broadcasters this morning, they all lead with the David Cameron story, the idea that he wasnt upfront. Dominating coverage here as well. In some ways it is the extent to which germany is concerned about a brexit. A great deal of concern about whether the u. K. Will leave the eu. Germany doesnt want that. Guy yeah. All things seem to revert back to brexit. Fascinating to see how it draws back into that story. Less t
Mark hello and welcome to countdown. Manus also coming up on countdown today, as the first person faces trial for alleged libor ratereading, we take a look at how the billions of dollars collected are being spent. It is probably something you would not expect. That story later in the show. Mark shall we bring the numbers from ryanair . Fullyear earnings jumping. Profit after tax gaining 66 . 867 Million Euros. That is 247 Million Euros higher than the top end of predictions made the previous year. Fiscal 2016, the airline is predicting profit of 940 million to 970 Million Euros. The company is ramping up winter capacity and seeking to the were a new generation of passengers with a softer approach. It raised its guidance to 2015 earnings five times. It is targeting major european airports and looking to tempt passengers away from Network Airlines like lufthansa air france, klm group. Joining us is carry longer. The big driver of this was the number of passengers, the increase in passeng
When Biden took office, inflation was running below the Fed's two percent target. It only took off after he pushed through his $1.9 trillion stimulus package. | Economy