:00:03. > :00:13.government. -- are demanding.
:00:13. > :00:20.
:00:20. > :00:26.Now for the latest financial news, A very warm welcome. The headlines:
:00:26. > :00:29.Boeing overtakes arch-rival Airbus in the battle for orders, but the
:00:29. > :00:32.crisis surrounding the Dreamliner means it could be a short-lived
:00:32. > :00:36.victory. Did Greece's fallen leaders cover-
:00:36. > :00:46.up tax evasion by their friends and family? Parliament votes today on
:00:46. > :00:48.
:00:48. > :00:52.whether a full investigation is America's aviation regulator, the
:00:52. > :00:57.FAA, has grounded the Boeing 787 Dreamliner pending an investigation
:00:57. > :00:59.into a fire risk with its batteries. It comes after a battery failure
:01:00. > :01:04.caused one of the place to make an emergency landing in Japan on
:01:04. > :01:08.Wednesday. Today was supposed to be a moment of triumph for the US
:01:08. > :01:11.plane maker. Figures from Airbus out later will confirm that Boeing
:01:11. > :01:15.overtook its European arch-rival in orders last year to become the
:01:16. > :01:20.world's top aircraft maker after losing the battle for most of the
:01:20. > :01:27.past decade. That was before a slew of problems emerged with its
:01:27. > :01:31.Dreamliner. Last Wednesday Japan's two main
:01:31. > :01:35.airlines grounded all of their Dreamliner planes after smoke on
:01:35. > :01:39.board one triggered an emergency evacuation. This follows a litany
:01:39. > :01:43.of recent problems with the new plane - will weeks, fuel leaks,
:01:43. > :01:48.battery fires and brakes. The Dreamliner is bowing's vision of
:01:48. > :01:53.the future of air travel. A long range aircraft which can connect
:01:53. > :02:01.passengers directly from city to city. It helped it win some talk
:02:01. > :02:05.hundred plane orders in 2012. It does in stead -- Airbus instead
:02:05. > :02:10.developed the A 380. It is the 787 Dreamliner which caught the
:02:10. > :02:14.airline's' imagination and Airbus is now trying to catch up by
:02:14. > :02:20.developing the long range 8350. When you look at the combined sales
:02:20. > :02:25.of the 787 and the A 350, you're talking 1,400 in its, compared with
:02:25. > :02:32.about 280 sales for the A 380. I think that says the market is also
:02:32. > :02:37.coming to that conclusion that this 0.2 point direct service is also at
:02:37. > :02:40.-- is actually the way forward. Airbus and Boeing make most of
:02:41. > :02:45.their profits from more modest single-aisle planes used for short-
:02:45. > :02:49.haul flights. Both companies are bringing out new versions of these,
:02:49. > :02:55.with more fuel-efficient engines. Cost-conscious airlines have been
:02:55. > :02:59.ordering hundreds of them. First they favoured Airbus, but more --
:02:59. > :03:03.but lately they have been favouring bowling. Airbus was first off the
:03:03. > :03:09.mark on the price of fuel spied a few years ago. It brought to a new
:03:09. > :03:13.model which is very fuel-efficient. It was very popular with airlines.
:03:13. > :03:18.Boeing was sh -- slow off the mark and it was not until last year that
:03:18. > :03:23.he was competing. That proved popular as well. It has now got an
:03:23. > :03:30.back lost ground. 2012 was bowling's year against Airbus, but
:03:30. > :03:40.its grounding has been a blow to its reputation and may persuade
:03:40. > :03:41.
:03:41. > :03:46.In the last few hours we have heard more countries have decided to
:03:46. > :03:55.ground their planes. We go live to a bureau in Tokyo. You and I were
:03:56. > :04:02.talking about this yesterday. More countries are now following suit.
:04:02. > :04:06.That is right. This really Forres the FA a's decision in the US to
:04:06. > :04:10.ground aircraft there. The US is the country where this aircraft is
:04:10. > :04:14.made and so other countries will then follow a decision made by the
:04:14. > :04:18.FAA. This is indeed what we're now seeing. The Japanese transport
:04:18. > :04:22.ministry has come out this morning and said it is grabbing all the 787
:04:23. > :04:26.planes here. They are already crowded, but that was voluntary.
:04:26. > :04:30.The transport ministry has now made that official. It will remain that
:04:30. > :04:35.way until they say they can fly again. We have seen India do the
:04:36. > :04:42.same, grabbing this explains that are run by Indian Airlines. --
:04:42. > :04:45.grounding that this explains. This is really spreading right around
:04:46. > :04:55.the world now. Boeing has made another statement as well. What has
:04:55. > :05:01.it said? The CEO has said, I will read out the statement, we are
:05:02. > :05:07.confident the 787 is safe and we stand behind its overall integrity.
:05:07. > :05:12.That is from the CEO of Boeing. They are now sending their own team
:05:12. > :05:17.appear to Japan to join in the investigation here and it is
:05:17. > :05:21.focused on the main battery pack inside the 787, which is thought to
:05:21. > :05:27.have been the source of the problem that caused the emergency landing
:05:27. > :05:33.yesterday. Very quickly, in terms of the implications of this, I know
:05:33. > :05:37.yesterday hours looking at the shares are very -- yesterday house
:05:38. > :05:47.looking at the shares are there is companies supplying parts for
:05:47. > :05:52.Boeing and they were suffering. have seen a fall in the share value
:05:52. > :05:59.of All Nippon Airways, about 1.7% down today. Japan Airlines down a
:05:59. > :06:08.little bit. The one that is really taking the hit is a company which
:06:08. > :06:13.manufactures the battery pack which seems to be the big problem with
:06:13. > :06:23.these recent incidents. Their shares are down around 6% on the
:06:23. > :06:23.
:06:23. > :06:27.It's now take a look at some other business stories in the headlines.
:06:27. > :06:33.Citigroup is kicking of today's earning reports from the US. It is
:06:33. > :06:39.hoping to follow it in the steps of other companies, reporting sharp
:06:39. > :06:45.rises in profits. The CEO will take charge of his first quarterly
:06:45. > :06:49.announcement. He took over last October. Just last month city could
:06:49. > :06:54.cut 11,000 jobs. Bank of America and Morgan Stanley will also be
:06:54. > :06:58.reporting today. Russia's state and gas company
:06:58. > :07:03.reports results as well. It is expected to say third-quarter
:07:03. > :07:13.profits almost doubled to some $9.5 billion thanks to the weakness of
:07:13. > :07:16.
:07:16. > :07:19.the Russian rouble. That is despite weaker demand from the EU, -- gas.
:07:19. > :07:22.Investors will be looking at the Intel share prices. They see the
:07:22. > :07:28.launch of the new Windows system will give the company and much
:07:28. > :07:30.needed boost this year. Greece has got approval from the
:07:30. > :07:35.International Monetary Fund for the much needed next instalment of
:07:35. > :07:39.bail-out funds worth over $4 billion. Christine Lagarde said its
:07:39. > :07:42.economic programme was moving in the right direction, but today
:07:42. > :07:46.Greece will be in the spotlight for all the wrong reasons. Its
:07:46. > :07:50.Parliament will vote on whether to investigate a number of high-level
:07:50. > :07:59.politicians, including two former prime ministers, for tampering with
:07:59. > :08:05.the so-called list of suspected tax evaders. We speak to the lawyer who
:08:05. > :08:12.defended the investigative journalist who published the list.
:08:12. > :08:19.He was able to join us on the phone now. First of all, tell us in more
:08:19. > :08:21.detail what is being tackled in Parliament today. We do have a vote
:08:22. > :08:30.in Parliament regarding the prosecution or not of former
:08:30. > :08:36.members of the Government. It is regarding the tempering or hiding
:08:36. > :08:40.from the tax authorities names on the list. The affair is a glaring
:08:40. > :08:50.demonstration of how the Greek government often addresses critical
:08:50. > :08:53.issues regarding the risk of damage of the case, it is questionable
:08:53. > :08:59.whether the inquiry will solve the issue. Too many senior figures and
:08:59. > :09:03.which constituents stand to lose from an in-depth investigation.
:09:03. > :09:07.Although I do not expect this vote to break the tradition when it
:09:07. > :09:13.comes to taxation, there is an established tradition -- tradition
:09:13. > :09:23.of the big state throwing all the burdens on the people and leaving
:09:23. > :09:32.them out of the big picture. What we can say about this procedure
:09:32. > :09:34.today is that it is a first effort, no matter how made it might be, for
:09:34. > :09:40.responsibilities on the highest political will of the to be
:09:40. > :09:48.attributed. This parliamentary inquiry which will include three
:09:48. > :09:52.different ballot votes will show at the political level who is
:09:52. > :09:57.responsible for not disclosing the list to the administration in order
:09:57. > :10:04.to proceed to the same kind of tax investigation but France, Germany
:10:04. > :10:09.and other countries have done with similar lists. What remains to be
:10:09. > :10:19.seen is the Parliament to take, for the first time after many years,
:10:19. > :10:20.
:10:20. > :10:23.and impeachment of a former member of government. Unfortunately we
:10:23. > :10:29.have run out of time. I cannot ask you further questions about the
:10:29. > :10:31.story, which, as you can imagine, is a very difficult story to digest