Welcome to countdown. It is 6 00 here in london. Meet our demands are the demonstrations will increase, that is a warning from row democracy for testers in hong kong prodemocracy protesters in hong kong. Ultimatum. Ssued an unless the chief executive of hong kong is stepped down, the civil unrest will escalate. Roslyn chen is on the ground. Good to see you. What is the mood on the street today . Crowds are starting to swell again. It has been called the umbrella revolution. Right now, the scene is generally peaceful. A lot of young people out here. Waiting. Handing out food and drink, diligently recycling plastic bottles. No clashes with police. Police have held back since yesterday. The occupy central group, the activist group demanding democracy in hong kong want protesters to stay at their location until the first of october. In hong kong, it is a national day holiday. It is a public holiday. Therell be a lot more people joining the protest. There have been more people joining protests in the evening after they finish work. It is expected they will see crowd swelled a lot more. Wednesday is a public holiday. People are wearing black tshirts with yellow ribbons. The occupy central leader has asked for the chief executive of hong kong to resign. A few hours ago, the chief executive spoke to reporters and asked occupy central to stop the rally immediately. Retailers have been impacted by the closure of the roads and the inability for people to get through. The impact may not just be for three or five days. The cost on the reputation could be huge. That theysponse says warrant they warrant. Nternational union may bean getting ready to take a bite out of apple. The Eu Commission revealed new details in its case that apple cut and illegal deal with ireland to lower its tax bill. Hans nichols joins us from berlin. What is at stake for apple . Millions, even to iris in back taxes coffers. Illegal state aid irish coffers. The question they are getting if it is true and how apple cut these low tax rates with ireland. Take a look at one of apples subsidiaries. What they paid in taxes from 2009 until 2012. 30 billion in overall revenue. Tax bill zero. A lot of this comes from the true and how apple cut these low tax rates with ireland. Take a look at one of apples subsidiaries. Last may. At the sameu. S. Senate report ru increase taking place. George osborne speaking about Companies Like google, Companies Like apple avoiding taxes. Some Technology Companies go to extra dinner he links to pay little or no extraordinary engths to pay little or no taxes. We will put a stop to it. Ireland says theyre confident no tax rules have been broken. Week, we may hear from the eu on investigations into fiats Financing Group and starbucks and what sort of deal they may have cut with the netherlands. Apple in trouble in europe, but good news from china . They will be able to sell those iphone 6s in china. They can go on sale on tuesday. That is ahead of a big national holiday. They got the state license and they have clearance. Thank you. Hans nichols in berlin. Some of the biggest names in retail are gathering in paris to talk about the challenges and opportunities and what the industry faces. Caroline hyde is in paris. The economy has to be top of the agenda. It is going to be the first thing they talk about this morning. It will be about the macroeconomy. Ive just traveled from the u. K. Today where we were going to be getting seven straight quarters of growth. I traveled to france, where they have not managed to beat out growth for two quarters eke out growth for two quarters. Clearly differences across europe. The retailers are trying to work out how they boost sales. U. K. Hile, they see the bringing back Consumer Confidence and spur the spending. Who better to speak than ian fisher . He says, the divergences are so stark between various countries. I think it is fair to say inhe overall eurozone france, we saw quite a sharp downturn. By contrast, the u. K. Has been stronger than we thought. We are seeing the tale of two very different markets. The u. K. Recovering, higher employment, more people learning. France, still having a confidence issue. He is giving a wonderful flavor of the divergences. Many of them are taking to the stage today. We will be hearing from the likes of john loomis. They have managed to propel growth within the u. K. Many countries trying to navigate. Ian cheshire is never short of an opinion. He had some advice for mario draghi as well. That is where he is recognizing the divergences. We had George Osborne yesterday tough in will stick terms of cutting the deficit, 25 billion pounds. They are managing to stimulate growth and purchases of houses with low borrowing costs. He wants to see more of that coming from the ecb. I think the ecb has to do more. At the moment, we are seeing anxiety, concern over deficit, and there is no offset. It is hard to see how you come back out of this. The combination of loose monetary and tough deficit. We have to see that across europe. Added tor voice being the nudge nudge wink wink for quantitative easing coming for mario draghi. Ian cheshire will be handing over the reins to the female head of capital armor in france. She will be taking to the helm of the kingfisher group. How were her voice how will her voice add to it . Well be talking about disruption. These guys can talk the talk. It says something about mobile, online. Mentioned seamless about six times within a particular interview. They are all very aware of the disruption, the move to online is happening. They are talking the talk im it but all they walk talking the talk, but are they walking the walk yet . We will be talking to the ceo of dominos pizza. Of sexinesstle bit going on. Coveringlking to everything, i think. We have so. Caroline hyde with the latest on shopping. Covering everything. Uncovering everything. You can join in the conversation on twitter. Break. We all need a time for todays company news. Lufthansa pilots resumed strikes today. Much of the service will stay grounded. The pilot strike have reduced profit by about 100 Million Euros this year. This values europes largest retailer at over 5 billion euros. Forbes says it will earn 6 billion this year, falling short of its target of between seven and 8 billion. Shares in the second largest carmaker fell 7. 5 on the news, erasing all gains. Welcome back to countdown. As we enter the last three forbes says it will earn 6 billion thismonths of the year,d chartereds remains releases its global focus report. 2014. Ting on we are joined by the reports offer the reports author. He was last in the studio seven years ago. I was here, nothing has changed. Good to see you. Transition is a big theme. Global monetary policies will become unsynchronized. What are the implications . That is the big change for next year. It is not entirely reflected in market activity right now. Why am i concerned . Time in yearst that we are going to see major Central Banks falling following following policies. Time in years that we are going tothe secondd is that i am not entirely convinced that the u. S. Economy is in a state to tolerate much higher Interest Rates and i am not convinced the u. K. Economy is also in a position to deal with much Interest Rates. At least i expect Central Banks that will be hiking Interest Rates to be very careful, very measured, and Interest Rates may not go as high as markets expect. Perhaps the great divergence is not as divergent. If we are to take what Central Banks are preparing us for, it might be a little more consternation that the market appreciates right now. There is a lot of slack in the u. S. Labor market. It can quickly catch up. If the fed is too early, the consequences on the fragile recovery can be much more serious. When you look at the two most ,owerful economies in the world china missing its growth number this morning. Who is driving who for the morning for the world . In terms of growth, it is china driving the world. If we were having this interview this time last year, the popular opinion was that it is the end of the emerging market party. 2014 was going to be about the recovery in the west. It wasnt. The u. S. Is growing exactly at 2. 2 . That is what they have done since 2009. Europe and the eurozone economy are in a state of Global Growth is picking up, but it is because of the pickup and emergingmarket activity. And it comes to liquidity Monetary Policy, the biggest impact on the World Economy has been from the actions of the fed. If the fed hikes, this will change. Just coming back to china, are we fixated with this headline growth number within china . Are we fixated on it whilst overlooking the structural progress that has been made in the country . We are fixated on the headline growth. We are using the previous decade to judge the next decade, which is wrong. We should get used to lower growth rates in china. The old model of growth in china, which was driven by investment and exports, is dead. What we need to see in china is consumption picking up and service becoming a much more important driver of growth. It is happening as we speak. We are underestimating the true extent of the rebalancing already taking place in china. The big problem in the global. Conomy is inadequate demand the big hope is that china is trying to solve this, trying to create its own demand. Every company, there will be a slowdown in the chinese economy. This is a cost worth paying. We will pick this conversation up when we return. Stay with us. We will take a short break. Welcome back. Back with us, Standard Chartered head of research. We promised we would talk about the ecb. They prepare to meet in a day or two. Isnt doing enough to resolve is it doing enough to resolve the eurozones problems . No, that it iss not the ecbs fault. They have been left with all the heavy lifting in the eurozone. It is trying its best. The problem in the eurozone, suppressed salaries, inadequate demand, governments are not doing enough to boost rose in the economy boost growth in the economy. We need to do more. It will not be enough and i think the ecb will have to do more next year to purchase sovereign bonds to boost liquidity into the system. To be honest, i do not even think that will be enough. In order to see a pickup in demand, in order to see a decline in savings, we will have to see governments spending more. It does not look to be on the agenda right now. All the heavy lifting will still be left to the ecb. It will boost liquidity globally. Im not convinced this will be enough to make the eurozone economy turned the corner. Currency,line in the he touches on some of these points. Governments are not prepared to do more. The ecb will be left to pick up the slack. The decline in the currency is there. Will that help momentum . Will it help the export story question mark doesnt need will it help the export story . Problems that run so deep, we need everything. We need more liquidity, we need to see the europa weaker. We need to see increased government spending. It is interesting to see how the euro is performing. Happening, what is one would have expected a decline to be bigger. Surplus thatccount the eurozone economy is running. Look, the economy is healthy. I see the surplus and i see a big problem. It is a symptom of with everything is wrong in the eurozone economy right now. Inflation and the eurozone . I think it will not get better. It is funny how when we say better, how things have changed. It will be difficult to get it higher. The ecb will have to be a bit more aggressive in 2015, purchase more assets. Thank you very much. Week, another strike. This time it is lufthansa. The pilots refusing to enter the cockpit. Find out why after the break. Welcome back. 6 30 a. M. In london. Andforeign Exchange Markets play today. The dollar coming in a little bit lower. A slight selloff in dollar. You have the aussie dollar rising and a little bit of a lift for those two currencies. They had the best quarter since 2008. Has the dollar run too far too fast . There have been warnings about the strength of the dollar. That is the dollar story. Eurorms of the euro, the dollar down over the past five days. Inflation data set to come out at. 3 of 1 . Bank of america, the call on the eurodollar. These are the top headlines. Ultimatum. Unless the chief executive resigns and his replacement is democratically elected the civil unrest will continue. Another night where tens of thousands took to the streets. He called for an end to the protests but a technologist they could last for more than a week. Gaugeinese manufacturing came in at 50a point two. That is lower than the preliminary figure of 50. 5. Todays report marked the seventh straight months the final pmi reading was below the from larry figure. And a u. S. Judge has ruled that argentina is in contempt of court. The country wants to shift to one aser payment areas. The judge said the move is illegal and cannot be carried out. Argentina faces a deadline to make a 200 million payment. Iran is trying to bamboozle the world into lifting sanctions. Elliott gotkine was listening. This is the third year running that netanyahu has focused in on iran during this particular speech. There were no cartoon [inaudible] vividlyyahu sought to illustrate the countdown. The israeli Prime Minister has hoped that his speech would be widely heard and remembered. At a time when Nuclear Talks are ongoing. They set a deadline for november to reach an agreement on Irans Nuclear program that would result in the lifting of sanctions for iran. Israel does not want that deal to go ahead. It says iran cannot be trusted. In the future at the time of most sing irans the that it would obtain the most dangerous weapons. Along allowing that to happen would pose the greatest threat to us all. Speechnyahu peppered his , trying to suggest that iran is in the same ballpark as the militant zone of Islamic State who have been waging their campaign of terror. He called on like minded arab countries who are opposed to Islamic State militants. To forge a new area of ties between israel and those arab countries. Defendedahu also israels role in the recent conflict in gaza. He said he rounded on , accusing israel of carrying out war crimes and genocide. If your intention is to kill as many as possible you have to send them wantings in advance to tell them to get out of the way. He also used some visual aids again this time. A picture of a hamas rocket launcher. Thatng up the claim militants were using civilians and children as a human shield in that conflict. Also taking a more conciliatory tone. T israel was prepared for this was rocksolid guarantees for israels security. Thank you. Elliott gotkine reporting from tel aviv. If you booked a longhaul flight on a lufthansa flight you may have to rethink this. Joining us, another day, another strike. You have got them going on strike. It is about the age of you have to ask what is really going on. It is about the Bigger Picture of the airline and the shape of the airline and the pilots are concerned about this. They are struggling to do that. Both of these airlines as you say have worked out what to do. We have been toppling talking about this. I have not been talking about it for decades. The industry has been talking about it for decades. You have to they did not want to cannibalize their brand. They wanted and they were not worried about this. Were notming coming into their hub airports. They are pitching themselves to business passengers so this is a huge threat. In terms of success, they dealt with strikes at British Airways and iberia and managed to push through change. ,hen you think it can be done lufthansa and air france have a ways to go. Pursuing anstill agreement. They have not actually in terms of what they are asking for, they have not changed that much. The company wanted to develop their lowcost unit. The pilots were worried about contracts. It does not seem they moved away from that very much. Atay they will be striking the main hub at frankfurt. This is their longhaul operations. The core of their operations. Is 35 flights have been canceled and the airlines say they will be operating 30 flights. Ryanair is flying from these main airports. We have been talking about business friendly policies. There are advertisements pitched out the business travelers. Kong sayters in hong teargas and riot police will not keep the more way. Time for todays company news. Analysts say yahoo shareholders could stand to reach 11 billion. The proposals include yahoo selling stake in ali baba and yahoo japan emerging with advertising rival aol. Netflix is set to make its bigscreen debut. Teaming up with Weinstein Company to release a sequel to crouching dragon, hidden tiger. And i complex next year. And the ecb needs to take more action. I think they have to do more at the moment. All we are seeing in is anxiety. There is no offset from fiscal policy. We have got to see that now across europe. Welcome back. Lets get back to our top story. The chief executive of hong kong has acknowledged that protests are likely to last more than a week. Of meetingo signs the demand. Demonstrators say unless that happens they will escalate civil unrest. Guest. Us now is our thank you for coming in. Give us your reading on the situation. Are we heading toward violence or negotiation . Anwe are heading toward uncomfortable standoff between the two sides. You got the demonstrators who i think are something new in hong kong. There was never any of this kind of violence in the radicalization in the air. And you have a new generation coming up in hong kong. Their parents wanted to conserve freedoms they got and the you have the generational change with the students and it is not just the question of the election of the next chief executive. Re is the or savings [indiscernible] enoughong kong resilient to weather the storm . , can itered sars weathered this . This is an institutional challenge. You have the hang seng down 3 this week. If things getthat much tougher, that might have the most effect on beijing. This happened between 1997 when the chinese stepped back, when the tycoons told them if they did certain things in hong kong they would move their business to singapore. It could th