Under formal investigation for the allegedly peddling. Ofre was 15 hours questioning in paris. We can go to the french capital conna. Ak to carolyine connan. Good morning, anna. In 2012his immunity when he lost that election against francois hollande. He is not been charged yet. Just being placed under formal investigation. He is accused of writing a highranking judge by asking confidential information in as government advisor in month ago monaco. There was another investigation into illegal financing of his political campaign. , it is being said that he knew that it was going to be tough. Nicolas sarkozy has denied any wrongdoing. Some of the political allies are accusing the leftwing party. To prevent his comeback. With widelyozy respected to make his comeback as soon as this fall to regain their leadership of the right wing party that has been damaged by political infighting and in the longterm, to possibly run against president hollande in the next president ial election. Thank you
Welcome to countdown. Breaking news crossing the bloomberg terminal from Deutsche Telekom. Caroline hyde is here. Basically in line with basically flat on last year. It is in line with where analyst had been expected. Sales were tiny bit weaker than had been expected. Analysts wanted 15. 2 billion euros but sales flat on the previous year. This is a Company Facing intense pressure in terms of prices. They have stronger competitors. Its going to up the ante in terms of pricing competition. The chief executive has vowed to revitalize the company, particularly the european operation. The biggest setback of course all over the news yesterday is the u. S. Unit. What will happen after sprint walked away . Sprint walked away because of concern about regulation. They were looking to merge the number three and number four players in the u. S. The regulator came out with a statement yesterday evening saying sprint has to focus attention on the competition in the u. S. And they are quite happy wi
Economic symposium in jackson hole is officially underway. Markets around the world can set their clock for the first keynote speech from fed chair janet yellen. Yesterday, Michael Mckee caught up with Kansas City Fed chair after george. Esther george. He asked her about the International Impacts of Monetary Policy. We live in the global world, obviously, and the connections are growing between our countries as the fed thinks about Monetary Policy. It is focused on the u. S. And its mandate, but we talk about the geopolitical risk, we talk about what is happening in the economies of other countries because w we affect each other. Has mario draghi called . Mario draghi has it well in hand, i am sure. Draghi, our next guest says that the ecb president could steal the spotlight at jackson hole. Thank you for coming in. Draghi could steal the limelight. We have heard a couple of voices telling us in the studio and again the conversation in jackson hole about whether or would be theeuro bes
Welcome to countdown. The other major story of the day we have been following the u. S. Jobs figure. What will it mean for the outlook for Interest Rate hikes in the world apostle are just economy . But first lets get back to our top story. The hunt for the two suspects in the french massacre is intensifying. Antiterrorist police have sealed off a group of villages northeast of paris. Is a densely wooded area. The brothers have been at largee for more than 43 hours. Police believe the brothers may be in possession of a Rocket Launcher and other weapons. We will be live in paris a little later to get an update from hans nichols on the ground. Lets turn our attention to china where Producer Prices fell the most in over two years due to sluggish demand and low Commodity Prices. Lets go to yvonne man. Hello yuvonne. That deepening slump we are seeing ppi numbers are down. 3 , the most in two years. Lower Commodity Prices extending that ppi decline for a record 34 months. We are seeing the
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