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Welcome to the pulse live from bloombergs European Headquarters in london. I am Francine Lacqua. Guy johnson is off today. Thats get straight to my big interview with philip green, the owner of top shop which has hundreds of stores around the world. Now he wants to expand the brand even further. The Biggest International Flagship Store in new york city. When we put our flag down in the middle of 5th avenue, there is no leaving. It is a commitment. We have to get it right. Our flag store bills Flagship Stores, we try to do something unique. It will probably be slightly more difficult. There are certain things we are not allowed to do. You move a light bulb and they want to come and see you. And we have more and more i am on shoppers. And yet the brickandmortar flagship is where you wanted the. I believe you need flagships. It will build our Online Business as well. Here, look at this store probably half our business is tourists, half local. Fifth avenue i assume will be pretty similar i
TurkeyChinaSan-diegoCaliforniaUnited-statesRussiaWashingtonDistrict-of-columbiaAmsterdamNoord-hollandNetherlandsMexicoHello. Welcome to todays edition of worldwide exchange. Im ross westgate. And im kelly evans. Here are your headlines from around the world. Spains gdp contracts for a sixth straight quarter, down more than initially expected as its most troubled lender posts the countrys biggest ever loss. And the finance minister raises taxes on top earners rather than cut spending in an election year. And the eu moves to clamp down on big paychecks in the Banking Sector, looking to cap bonuses on a bankers salary as early as next year. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Okay. Were back. Youre mobiled up and we have some data. Yes. Its such a mobile world, isnt it, in many ways. Lets first talk about whats happening with the german unemployment figures. We were waiting on these. It turns out 6. 9 , that is the unemployment level for germany in january. The unadjusted figure is 7. 4 . Its higher than expected. You can see the forecast was for
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