They are trying to diversify themselves and sell content. Kb bskyb happens to be the secondbiggest shareholder. Lets see how that plays out. Lets cross live to berlin. Sap having they will be cutting jobs. Remember, this is the worlds biggest Management Software company. Bill mcdermott takes over as the sole chief executive next week. The company confirmed there will be thousands of job cuts right across the business. This will provide more Good Software online. The chief Development Officer says the software should become more like lego. I will be back later to explain what he is talking about. Looking forward to that report. It is a big day in terms of the Inflation Report in the u. K. And the world is watching. You have the bank of england trying to push back against expectations. Unemployment is below seven percent. Wages have started to turn the corner. The more that accelerates, the harder it will get for the bank of england to justify keeping rates at record those. We know there
Off more than expected. The spot is slipping below the offer price. And we are joined by telenors ceo live later on in the program. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello, everyone. Youre watching worldwide exchange. Good morning to you, carolin. Its the end of the week. We made it through. Yes, we did. Weve got the speculation about shrine thats sending markets higher. And were still hoping for a miracle after yesterdays defeat. Down, but not out. Lets show you whats coming up on todays show. We have a jampacked show for you. Business success is putting cold, hard cash in their pockets. We look at how the region is giving a boost to scandinavian tourism. And are you too cool to cash . We look at the latest innovations that are encouraging us to ditch the coins and notes. And mobile. Rumors about the launch for the new smart wash as production is set to start next month. We take a look at the word on the street coming up lat
For lease. Indian inflation shoots up in july thanks to higher food costs and the softer rupee making the job a stimulating for growth all that much harder. And 120 people are dead and 5,000 injured as police crack down on supporters of the post president Mohamed Morsi turns violent. Welcome to a brandnew edition of worldwide exchange. Very busy day for these european markets. We get Second Quarter gdp, but also the boe mpc minutes and uk jobless numbers. The eurozone economy is expected to emerge from recession in the Second Quarter. Thats according to estimates of the flash gdp figure to just about an hour from now. The 17 asian bloc is forecast to grow by 0. 2 , ending six straight quarters of contractions. Now, the gains have really been driven by europes largest economy, germany, which posted this very robust 0. 7 jump in gdp from the previous quarter. This is the largest expansion in more than a year, which came in just above forecasts of 0. 6 . I also want to show you, just a co