Hello. Welcome to countdown. Just gone 6 00 here in london this thursday morning. We have Earnings Releases as well as other things. The companys latest results showed a wider loss in 2013 dan previously thought. Dont miss our exclusive interview with the cfo later this hour. Elians from allianz breaking now. Neils anderson will talk to us after earnings break next hour. They own the biggest container shipping line. Breaking now. Fourth quarter has missed estimates. Analysts estimated 1. 3 one level is above what they had targeted. The actual figure for a operating profit, 10. 1 billion, up over the previous years mine. 4 billion and given some guidance. Operating profit will be between 9. 510. 5 billion. They have raised their dividend to 5. 3 euros per share up from 4. 5 and they will be looking to see whether they are planning share buybacks or will stick with an increasing dividend as well. Those are the early headlines from europes biggest insurer. Speaking to the cfo in about an hour time. Today theykraine interimapproving an cabinet ahead of a may 25 president ial election. Ryan chilcote is in the ukraine and filed this report overnight. Afters nearly one week president yanukovych has been ousted. Stage, the politicians have come to present their candidates for the countrys new government and receive the peoples blessing. Politicians in this country runs very deep even when it comes to those who were in the opposition of yanukovych. Look around Independence Square and you quickly realize the real power in kiev today are the people in the square. The constituency maybe tens of thousands in a country of 45 million. As far as i can tell, it looks like it will stay that way for some time to come. Ryan chilcote, bloomberg, kiev. Royal bank of scotland reporting fullyear results. Ross mcewan is expected to announce an entrenchment of the Investment Bank. Jonathan ferro is here with more. Its going to be a loss, just how big its going to be. Its going to be some ugly numbers with a substantial fullyear loss. Aslysts say could be of high 8 billion pretax loss but the Strategic Review is really the known unknown. They focused on the corporate customers, the business lending, the retail banking. Will there be any aggressive job cuts . They came out and denied it aggressively. Weve been kicking this around. They have to put more money aside. Raiseeans they have to capital. However they going to do that . They have been selling assets aggressively and now its about the businesses as well. Remainingsell the stake in the insurer in the u. K. Raise in just over one billion pounds but the focus is what happens with citizens group. Talk of an ipo later this year. That now needs to be accelerated or do they just spin it off altogether and look for a buyer . Always be a headline grapple when you talk about a substantially owned by the taxpayers. On the banking world, that is not a big bonus and its down from last year. When you are owned by the government and you are set to deliver a massive loss, its hard to justify when you look at the loss and isolation. Out rbs whoe people delivered last year am delivered substantially. Theyre struggling in a fair wear with virgin australia. They are asking for government assistance after a loss of 252 million australian dollars. Baidu forecasted firstquarter sales beating estimates as they boost spending to reach mobile users. Revenue will be over 1. 5 oh yen dollars in the first quarter, a 60 rise. Searchs investing in services to compete for the 618 million internet customers. The biggest supplier of nuclear reported a services wider loss last year on charges for reactor project. They reported a net loss of 494 million euros. We will have more on those earnings and the costcutting plan later today when we speak to the areva cfo coming up. Welcome back to countdown. The time in london is 6 15 a. M. We thought we would focus on toys other than lego. There isguest says still room for the oldfashioned playthings by mixing with the traditional with the little bit of the hightech. To explain. Us now its fascinating. Good morning to you, blurring the lines between traditional and the electronic. The most recent leadership of this has been happening with skylanders. You can play the video game with a figurine as well come mining the collect the bull with videogame platform. Explain for the uninformed. Its a great game available on different consoles. Have alastic figurines narrative attached to them and they use Communication Technology which puts the figurine that you have physically on the screen you are playing with so you are almost able to have your figurine in use the narrative to play. How is the industry fighting to win kids attention in this era of mobile devices . From what i can see in my household, kids are getting younger and younger in their use of mobile technology. Influencing the toy industry . There are more sophisticated toys coming out in the markets. They are making tablets for children now combining the educational to the tablets and catering to the preschool audience. There are more sophisticated toys driving the more sophisticated. You mentioned vtech and le apfrog. They specialize in high tech toys but what about Companies Moving into toys. This is an area weve seen a number of tablet makers essentially, with versions looking as though they are very much aimed at children. They have been using these kinds of tablets and theyre trying to combine this with anderent word folios potentially even different cartoons and movies of mellon the future to create that narrative to take a child from conception of playing with physical toys through to the entire lifecycle. To and toys is a fascinating lego year after year is trying to entice the girls to use its characters. Barbie has had a couple of tough years, declining revenue yearoveryear. Whats the relationship right now between toymakers and girls he . How are they enticing girls to play with their toys . There are certain Pressure Group saying there should not be this differentiation between boy and girl toys for Companies Like hasbro have come up with the range that is completely catered to girls than lego has been very successful recently with the complete targeting of girls in the lego with friends range. Was recently on the cover of sports illustrated. Is that alluding the brand . Does that affect the brand when you see a barbie doll on the front of a seminal magazine . There are all sorts of debates after that took place. It is an age of compression where children are playing with older toys at a younger age. Was very much a traditional doll and now its becoming more of a fashion icon and goes in tandem with the theme that girls want to play with makeup so it could be as soon as catering to that. How much should the toy industry plan around what children want and what terrence of children want to go parents of children want . If the children who decide with the parents purchase in the end but the Educational Value is still very important. I would just speaking to someone the other day who makes these traditional dolls and they are more role modelorientated. Theyre looking at this instead of the traditional type of barbie. Star wars, transformers, spiderman. You do not want to license too many brands because the money has to go to the license holder, doesnt it . There were still very good margins and they have done well creating their own licensed property. Whichare Marvel Comics are in the film, the lego movie, and they will continue that through the point of purchase. They have this selection of intellectual property and other ranges. Whats the secret of making money and toys . Im not sure im privy to all a them, but if you can get child at birth to be familiar with that brand and go through the crowd up to lifestyle. Favorite toy ever . The oldschool super soaker. I love that when i was young. The doll house painted by my father because he might be watching. Thank you very much, toys and from the euro monitor. New zealand is gaining altitude on its rivals. We dig into the results next. Welcome back to countdown. Jobs in thell cut for the new jet. They are making the case for government assistance after a 226 million loss but they are flying high after its latest results. Live in hong kong, john dawson has the status check on an airline outperforming its peers. Good morning, john. Good morning. Beating the kiwis are their rivals and their figures are out tomorrow and its not looking good. There shares are down 25 in the last 12 months. They are off the lows now. One in seven of the staff will be gone by 2017. Boosting the case for government assistance again. Deliveries ofy more than 50 planes from airbus and boeing. There are clearly concerns about. Ts future profits rising 29 to a record. They are getting it right. Paying a special dividend today confirmed on bloomberg tv this morning. There is speculation that they will not be paying dividends. What is the latest on air asia . The numbers were not fantastic. Speculation is that they were not paying a dividend and tony byrne and those confirmed to the rishad. This, for the bottom of the days decline. Sorry. I was expecting a soundbite there. I know you want to weigh in on this toy debate. What is your alltime favorite toy . I dont really want to weigh in because i will show my age in yours. When i was 3 or 4. The eye that moved . Or spiderman with the web. Thisll of recollections morning. Just ahead, Credit Suisse. Stay with countdown. And hereenomic anna edwards are the top headlines. They told the thousands gathered in independent square that politicians are set to approve the candidacy today in ukraine. The gang that had floated the key of with the blood is gone. Today, they have virtually no executive branch of government. Angela merkel expected to call for a Stronger European Union and her visit to the u. K. They will address both houses of parliament and have tea with her majesty, the queen. Canadian pop star Justin Bieber has been released showing him walking unsteadily during a sobriety test in his arrest in miami in january. He has pled not guilty and driving with an invalid license. Welcome back to countdown. 631 a. M. In london. Testifying before a Senate Committee on the role in tax evasion. Insisted this conduct was limited to a handful of employees. Hans nichols as the details from berlin. Good morning. Ritual to these hearings. Or anyllenge to dougan, executive, is to be contrite but not give away ground to hurt shareholders. On this one key point on whether anyone would be held accountable, you kept hearing them press the question. How many culpable officers in Key Executives have you held accountable or fire the . We determined to shut this business down. Over the course of the first two years after that im a we basically reduce the size of the business by about 85 . How many employees were fired . Different Credit Suisse employees serviced the 22,000 u. S. Linked accounts. The committees report, only 10 of the 1800 were disciplined and no one was fired. Is that an accurate statement . Is largely accurate. Why do people take money out of the country of origin and move to switzerland . Historically, one of the things obviously highlighted is they are sheltering assets and income from paying taxes. He was mostly unfazed. He had a quick blank back when senator levin cut him off but he tried to turn things around on notsenate saying they are allowed because of the failure between the swiss government to find harmony on a tax treaty turning around saying the senate if they act it would be a lot easier to cooperate with international inquiries. How much of it will there be today when Angela Merkel visits Prime MinisterDavid Cameron . You know when i come visit in london and you guys rolled out the red carpet in do you compete with you can be more charming and welcoming, it will be a little bit like that because David Cameron needs Angela Merkel. He needs her support and their relationship into the eu. The problem is that while merkel may be sympathetic to the idea of renegotiating treaties, it is no small thing for the germans with a lot of conversation down here. She is not just meeting with cameron. Shes meeting with her majesty the queen and Opposition Leader lliband,. R ed miller when will we be rolling out the red carpet again soon . When will we have your regal presence again . Do not make me pull out old emails. You have invited me to your country pub and said it would be on your tab. Its on. We will talk about it later. We will have to understand and arrange tee with the queen. Thats what we do with all of our foreign visitors. Thank you, hans nichols, in berlin on brady dougans drilling on capitol hill. Some entrepreneurs want to have. Backup plan hans takes a look at switzerlands plan b. Your smart phone knows where you sleep and shop at a Swiss Company wants to help you establish a zone of privacy from facebook, twitter, and other apps crawling on your device. You still control your identity and you can let a split no what you do but not necessarily who you are. That is the philosophy. They want to secure your digitalic passport, a master key, behind these glass walls in the swiss alps. Security is a next of major and modern followed by turnstiles. Nd tunnels even the air inside this bunker is secure. It is a giant shaft that moves out into two lateral spans. Convince you that your personal id will be secured inside this swiss mountain. The bunker was designed for the swiss high command to live for months in the case of nuclear war. The army madere all of their strategists. Were now talking about the digital system. Isperhaps the greatest asset swiss neutrality out of the reach of the nsa. Has snowed in been good for business . Snowden been good for business . People will not trust anymore what they were obvious to trust. They were once famed for the secrecy. Could storage be an alternative . Want to restore data which is the next currency. They are considering an ipo on the nasdaq with plans to build hunters like this one all across switzerland. Likeans to build bunkers this one. It will update to your personal cloud. It will not leave the mountain. Hans nichols, bloomberg, switzerland. Lets stick with the subject of phones because huawei phone to double sales. Caroline hyde just got back from the mobile World Congress. But the going on with the chinese cell phone manufacturer . Huawei is a manufacturer. About lettinged the chinese build their internet equipment so theyre trying to break the u. S. Market in smart phones and i was there at the launch of the new product. They want them to be more expensive launching two tablets and a talk band, a bracelet that exercise, but you can wear it on your ear and speak through it while you are in the car perhaps. They have such high ambitions. To onent to double million smart phones this year. They see about 300 euros per smart phone where they really want to push. 160 oneage is about dollars, half of what the average is worldwide. In the u. S. , the average selling price is a next sets of 500 in excess off 500. They said they are far from being a dominant player and i spoke to them earlier in the. Eek the plan is to be a leader in the world. We want to be one of the leading smart phones and Consumer Companies in the world. Thats really what the people are doing here now. They are number three in the world. They want to raise prices. Doesnt that go against the trend of cheaper smart phones . They are big in europe and asia. There is a saturation point in the u. S. Than samsung dominating most of the market. The trend is now going for cheaper phones so why would you try to push far more expensive theyve got a long way to go. To push the more expensive phones but maybe they should concentrate more at home. They are the fourth largest in china. This were talking about very thing, the pricing of smart phones. He has a vested interest in getting more people online globally and raising concerns about that. Caroline, thank you. Coming up, how to save one billion euros. Looking to cut costs and they want to readjust after plant closers in japan and germany following the fukushima accident. We will have an exclusive next. Iew with arevas cfo countdown welcome back to. Welcome back to countdown and theirrted a loss implementing a costcutting plan by 25th teen. For more on the progress, we are joined by the chief Financial Officer, pierre aubouin. Has taken some charges in relation to some projects that started that cannot last decade. Have you finished taking charges in relation to those or are there more to come . Good morning. We are trying to make the best be theent of what can full costello losses potentially. N these projects we are taking the best of you we can in terms of this so we obviously expect to have recurring charges for next year. What will be the biggest challenge. Urest to do with plant closer in germany and japan . What is your biggest headache looking at the year ahead . That there is the overall balance between the demand and offering the world of mining and Uranium Markets in the sense that since fukushima was roughly 10 of the fleet that shut down for safety reasons in japan and for political reasons and germany. Progressively, some new plants are coming online where we have the big question of the plants coming online and there has been a strong reaction because of the political news in japan that the thatnment is concerned this will be very Important News for the markets because the offer and demand would be different than the last five years. What is the future of the industry in the post from the shema air a . Postto be fukushima era . It is mostly because of the huge pressure of gas in the u. S. You have ready seven reactors at the end of 2014 14 and you have another 72 new plants being built around the world and then about 15 countries so that means the Nuclear Global fleet will be growing over the next few years and this is very important for us. Represents 85 of our business and this means Growth Potential looking ahead. How confident are you about expansion plans in the u. K. . Approvaliting f