europe is going to have to choose. well the important thing is there is a phenomenal opportunity for europe to be the honest goal in the war of the eu and china, but we have to avoid becoming collateral damage. in the only way we can avoid that is to build up our own technology sovereignty, and that's why i'm promoting the 100—billion—euro fund to make sure that we get this independence from china by moving some of the manufacturing back into the uk. so, 50 billion will be to be spent to get our independence from chinese monopolies, and the other 50 billion we are looking to spend to get out from under american monopolies. so you keep coming back to this notion that european innovators and tech companies need to have their own european funding structures, there needs to be no great reliance on the us or china. i'm very mindful that you as a venture capitalist have drawn in an awful lot of money for your own investments from the united states, but leaving that aside... and so it continues. i think the important thin

it is hard to see how europe can fully recover as long as eastern europe remains at the present low level. i had my ideas for the airmen at the base. europe has recovered and at the 1938 level and that is not enough. a europe with greater population and more social justice must have a far higher production level. above all, there must be greater integration and our men on the spot knew this. >> you can go ahead and ask questions. >> mrs. roosevelt, did you see a definite improvement in these countries you visited receiving marshall aid? >> oh, yes, i've taken particular trouble, of course, to see our people everywhere and to actually ask, now we've done different things. nations have done different things in different countries. i think eca has done a really outstanding job. i'm not sure that everywhere in '52 they'd be ready to stand on their own feet. [ applause ] >> i've been on a very short trip, but i've been to quite a number of countries and one impression is outstanding good care. the interdependence of these nations. i personally believe that we must continue our aid to them, but

and europe? -- the u.s. and europe. that being said, we should not forget that we started out this year with 10 year rates at 1.90%, and with that backdrop, we should also think about, even if we have some normalization, we should expect to see tenure rates go up, but i do think the dampener here will be the lack of inflation and also the very clear message from the fed that we do not see any reasons to hike rates forget to 2023, so we need a spectacular recovery. with think about how my jobs have been more permanently destructed. in the restaurant industry, we have seen 17% of restaurants close in the u.s., about 110,000 businesses that have closed. those are not going to come back very quickly. that is why a lot of the jobs that we still need to create, we need to create about 10 million jobs before we get back to the level of employment we had in february. a lot of the jobs we have lost are probably not going to be john -- going to be gone at least through 2021, so the long answer to that question is i think was to h

what was different between europe and the u.s. is that the flows into value in late in thek became game. us, in the past month -- 2021 might be different. i think the expectation for returns might be lower. the good thing is that bond performance is expected to be lower than that, giving a little positive risk assets equities. there will be some focus of value to be found. >> another big change is china, chinese bonds. people are looking for yields, and with ftse and bloomberg deciding to put chinese bond into their indices in 20 21, we are seeing significant interest -- in 2021, we are seeing significant interest in those products. with 645 million dollars in launch, it got to over $1 billion in size in two weeks. emerging markets looking for yields, you mentioned smart data. -- smart beta. we are seeing a move away from smart beta especially as companies pay a less dividends. movee seeing investors more to esg's, more to thematics , and more to countries that they think will benefit from post pandemic environments. >> the etf in

this is a break: europe. chinese regulators have ordered jack ma's ant group to overhaul its business model and returned to its roots as a provider of payment services. ant group says it will set up a special team to comply with the demands. let's start with ant group. what is the pboc demanding? how will it affect the ambitions for ant group for its future? >> it is turning out to be a nightmare for investors who two months ago were expecting a windfall. the company has been told by regulators to come up with a plan and the timetable is as soon as possible. the pboc has not said what it is expecting but the tone is firm and harsh. now ispany right evaluating the situation and investors and analysts expect that to take the form of worst-case scenario, breaking up the company to curbing some of the business growth as the business scene has become more regulated by banks. manus: just how worried do you think alibaba is about this great me from china? is there a real breakup risk? this is theeem that strongest o

of new casesumber per 100,000 across the europe -- across europe. you could see most of europe in the darker shades of red. pernetherlands, cases 100,000, 900 and the u.k.. 100,000. in germany over 400 per 100,000. that means that the policymakers are back to talk about lockdown and restriction. we have this chart which shows the oxford stringency index, showing how stringent particular policies are for a lockdown. there's an upward trajectory among countries, particularly since we saw the restrictions back in summer and early fall. the most stringent, those are the values closest to 100, that's the u.k.. that's ireland, and germany. the u.k. yesterday saw more citizens put into its toughest level of restrictions. 70% of english people now facing those. the lockdown really i can to march and april. ireland also extending measures. and we are hearing that angela merkel and other german leaders are looking to extend the hard closed,, schools are all but essential businesses are closed. -- alix, it'sx virus versus the vaccine. countries are trying to s

and europe. central banks have been quite clear they will look through economic improvement to keep pace. think banksaid, i have some upside. rates, they rising will also see economic improvement, and their profitability generally. i think it is an environment as we go to next year even without rate rises that will help the value areas of the market. one area that does not meet rate rises is commodities. fiscal area, close to the global growth, not just european growth, sensitive to the euro rising. here,could do well from too. alix: not to throw a curveball, but doordash, we are waiting for that open on the new york stock exchange. 17175.ead is we are watching our screens jaw-dropping on the valuations. thathese unicorn companies are still working on making a profit, what happens to them in a recovery? do we sell those to buy value would you hold onto them and also by value -- and also buy value? sharon: it is tricky. worked.er has if you look at rotation into value, you have not necessarily see

europe is looking for a 3rd way. it's quite an elegant answer to. the real test will come when guy x. goes live. we'll soon find out if there's room in cyberspace for a european way. and on the topic of cool tech, what's being touted as the largest 3 d. printed residential building in europe. it is coming together in a small bavarian village. obviously europe is looking for a 3rd way. it's quite an elegant answer to. the real test will come when guy x. goes live. we'll soon find out if there's room in cyberspace for a european way. and on the topic of cool tech, what's being touted as the largest 3 d. printed residential building in europe is coming together in a small bavarian village. now the construction industry in general has been slow to adopt 3 d. printing technology, which has been held as a game changer in everything from car to rocket production. but the reluctance to change layer by layer this machine is putting down the concrete walls of what is expected to be europe's largest. 3 d. printed residential building. soon the structure and at

it is hard to see how europe can recover as long a straight with eastern europe at the present remains at low levels. i had my ideas pretty well sorted out by the time i went to visit the airmen at the base. europe as recovered. that is not enough. a europe with greater population and more social justice must have a far higher production level. above all, it must have greater integration. our men knew this. you can go ahead and ask questions. >> mrs. roosevelt, did you see a definite improvement in these countries you visited, receiving marshall aid? >> i have taken the trouble to see people everywhere and to actually ask. nations have done different things in different countries, but i think they have done a really outstanding job. i am not sure that everywhere they would be ready to stand on their own feet. [applause] ♪ i have been on a very short trip but i have been to quite a number of countries, and one impression is outstandingly clear, the interdependence of these nations. i personally believe we must continue our aid for them but we must work closer together. a keyword is in

europe-dollar, 1.2105. the greater negative yields, the inflation-adjusted -1.0059.d is a that is a huge deal, to see the real yield drive ever lower and the two-year to a negative 2.7782. francine: what has the attention of markets, it is about the ecb and what christine lagarde will do today, whether it is more tro's to support the bank, whether it is something to do twelve-month, and but i think they are trying to reassess the outlook for these american tech giants after the news on facebook. so keep an eye on that. the pound still sliding after boris johnson's dinner with ursula von der leyen ended with no breakthrough on a brexit deal. needhen something that we to keep an eye on is that we could see a recovery fund. leaders are meeting. maria tadeo is waiting for a lot of them to arrive as we speak. the recovery fund could go ahead because poland and hungary have agreed to a longer-term concern , if peoplehis block are allowed to veto. tom: on the data front, we thank stuart for emailing in. turbine --

europe." i am anna edwards in london. the start of equity trading, just under one hour away. america's deadliest day. 2007reports more than hundred covid fatalities in a single day. germany extends its partial lockdown until january 10. another passing shot. the house of representatives backs a lot that could see chinese companies being kicked off american exchanges. the bill awaits signoff from the president. akron turns up the heat. france threatens to veto a brexit deal if it does not like the terms, piling pressure on the e.u. not to make further concessions. welcome to the program, everybody. 7:00 in london. 8:00 in paris. let's look at the futures. we are fairly flat on futures. the young stock x50 futures flat. yesterday, we saw some decent gains for the ftse, up by more than 1% and that was a standout compared to the rest of europe which was more mixed. it was mixed in the u.s. session as well. we did actually see a bit of a late rally in u.s. equity trading, up to some of those new h

europe as recovered. that is not enough. a euro but with greater population and more social justice must have a far higher production level. above all there must be greater integration. our men knew this. you can go ahead and ask questions. roosevelt, did you see a definite improvement in these countries you visited? taken the trouble to see people everywhere and to actually ask. done different things in different countries it has done a really outstanding job. i am not sure that everywhere they would be ready to stand on their own feet. [applause] ♪ tripe been on a very short but i have been to quite a number of countries, and one impression is outstandingly clear, the interdependence of these nations. i personally believe we must but wee our aid for them must coax working together. it the key word is integration, and the goal is peace. ♪ hudson's 81968 film by the naval white house photographic unit featuring lady bird johnson on a journey by boat. dedication of a museum at the statue of liberty and then she visits new

of foreign telecom surprise supply is it will make it harder for chinese way to keep a foothold in europe's largest market the bill which now goes to parliament fall short of a blanket ban demanded by the u.s. but the hurdles for supply are high will have to submit a guarantee that components of critical systems copy used to sabotage or espionage an event of a fails to meet the threshold of trustworthiness can be bad the rules are aimed at beijing which is massively expanded state access to tech firms washington says while white poses a security risk trump administration threatening to cut off intelligence sharing with countries that use while way gear a chinese company welcomes that you jump on board saying. equal security standards for all supplies of 5 g. networks. let's break this down with chief international editor richard walker so richard has the chancellor in this case managed to reach some sort of middle ground pleasing opata. well i think that probably the most appropriate expression to use actually ban is is is a bit of a one out expression but kicking the can down the road beca

the financial sector and perhaps other countries within europe don't have the. financial services contribute over 10 percent of the tax revenue for the u.k. . i can still see your standing there at this desk surrounded by glass in this imposing skyscraper that says you know power. it was just after the bricks of vote that we went to see the head of law itself along the insurer in the deal told us that they had full 1000000000 euros worth of business with e.u. clients or financial services were largely left out of the trade talks and so she was hoping for what is called passport to the right to continue to trade with the e.u. if we can continue with passport passes are ideal situation we've been talking about that even before the referendum we said it's so important because that's really that gives us the ability to provide insurance to our customers in the e.u. 27 so if that could continue that would be just tremendous but now there is no cause for doing whatsoever and financial firms have really been hammered by bret's it is estimated that already about $10000.

who met whom when there was quite a lot of context that emanuel knuckle head over the recent days in europe he met for example the spanish prime minister the party's prime minister and the head of the european council in paris all 3 gentlemen are now in sort of isolation and there was even sort of that doesn't use summit a week ago where he also made of cause all european leaders up a couple of them also now in south of the solution although the authorities say this is not really necessary because it's highly unlikely that not clear what's already contagious a week ago the german chancellor will also attended the e.u. summit tested negative for cover at 19 and she wished in not to wish him a speedy recovery from lynn there's also some concern about his personal life his family his wife back home is already 67 years old she's also of course a contact person and of a risk group right so we can take a look at some pictures of the most recent e.u. summit and we can say that that off ice mass being woman there's also a lot of touching and heads being linked together as quiet words have you leade

on europe than the u.s. right now? ludovic: because of the uncoordinated stop and go policies, you know, what you see now is not only, you know, the second wave or the third wave, it is that countries are doing something which is very costly for europe, for, you know, ng in someskii countries are forbidden. weconcern is at the moment, are very worried on brexit at side, europe went big and bold and the announcement, now it is all about spending the money. we are still missing some plans from italy and spain when it comes to what they want to spend the money on. so that is the only reason we are less bullish on europe, but it takes 27 times longer to agree on something than the u.s. francine: when you look at the recovery fund, is it a real game changer for europe? what more do you need? i may ask you about brexit, but what more do you need to see in the next 5, 6 months to make sure that europe is actually on a strong footing? ludovic: well, as i said, we need to make sure that some of the countries that hav

and in europe we have this romantic idea of farmlands that business people. will never cultivate something that is dangerous and they would never cultivate something they don't need they're just business people and we should get them to their business. and we can't expect them to act in any other way except as businesses. the only way that would say is if there is a root and branch revolution in the way that we do business and that would need to involve all corporations all over the world because as long as we treat soon like a global commodity. we have a very big problem. and part of that problem is that food will go to the highest bidder and the highest bidder may not be someone that wants to feed the highest bidder maybe someone wants to feed your car this is entirely the wrong way to look at food food should be food . i would be. making money. in profits it's about because. it's about an informative. big uniform lens with one group action. it's about corporate control. and it's mostly also economically it's about international markets import export it's a

is europe failing to build its own tech champions? herman hauser in new zealand, welcome to hardtalk. nice to be on hardtalk. you are a renowned tech entrepreneur, and when we look at the global tech sector that we have today with vastly wealthy companies, vastly successful entrepreneur innovators who lead them, it is tempting to see all of this as an expression of raw and pure capitalism. is that the way you see the evolution of the tech sector? personally, yes. ——partially, yes. and of course, in america in particular, capitalism has brought about some of the most dominant tech companies in the world. we have seen that top eight of the largest companies in the world are american, and most of those are technology companies, so capitalism is a key ingredient here. why then, when you look at the tech sector today, are you so concerned to tie technology to notions notions of sovereignty and power projection? well, the reason is very simple, that sovereignty used to be mainly a geographical or military concept, and coheirs shannon wa

so, i think the real divergence there is with europe. so one of the things that we call for in this report is pushing the boundary of what would be possible, is for the free world to come together and make a statement on commitment ability in the taiwan streets, to-- taiwan straits. and it's not just a challenge between taiwan or the united states, but that they would risk a rupture with the rest of the free world. and i don't think that the germans are going to provide military troops in that contingency, but they could make it clear to china there could be costs to taking that kind of action. i don't think it would be in europe's interest or anyone's interests to see a major war in the taiwan straits. >> one question that we haven't addressed very much. the transfers and how to respond, are there still areas that the allies could work with china and engagement and given the increasingly complex environment, how can that be done in a safe and effective way? >>. >> tom? >> it's a quick question, and i think that everybody agrees would be

from europe i can't help but feel frustrated. press it was sold in the u.k.'s this big win win and what we have now is a new sleuth so it's very hard to see any significant advantage in all of this. after all the people we met after all the praise as well was travel these people have basically mainly lost out tensions are clearly running i had westminster we've had this draw european trade just us here for months so i'm a german i'm living in the u.k. my children were born. and i feel at home here but for me the e.u. is also important and it's important as a peace project these are the roots of the e.u. but that doesn't really resonate in the u.k. and i remember when i was talking to a friend about this before the referendum i explained this to her and it was a completely new idea for her and she voted for granted. i'm quite confident that over the years we'll manage to form a new relationship like becoming friends after divorce but what we will not have is this institutional pressure which we have in the e.u. to solve problems to tackle problems together. in

and if i may say also i think europe needs to make a decision whether. we know i think that's the. yes i thought leads to far. out of what i've seen this time nothing on this from which the mice when they don't suffer the impulse to cut off each other there then in one last 101 telephone anything honest i thought of the billions and they left on my mission is what i am plump and think is that i 100 buy in from here in the last are going to be like that i live in nothingness when enough like on t.v. i better not going to hump a complement to say less but if we like a machine up in it but i'm into opium in a country. like auntie got the best from the kind of a hunk in the north is that i list but if we. do not come to that. of the mother. so its progression a principle and by scientific n.e.t.'s i think. a big issue for european economy in general because it reduces. the willingness. there is a risk even. when you pressure saying. this is a risk. this is a benefit i'm i willing to take this risk yes or no and the regulation today. gives as an answer. if you look at the corner of toda

this country i want europe to be a better place i want to take part in europe. i want britain to be a better place i'm fighting for this country but maybe not in the way that people traditionally fought for it which is you know to keep. prejudices in place. europe that confronts its colonial past head on and stops marginalizing black people that's johnny now word winning vision. and we've got more online about johnny pitts and others making waves in the world of arts and culture peirce a visit any time at d.f.w. dot com for us culture stay safe and see backstop. into the conflict zone teams of the st joe biden will take the white house next month with his party v.p. divided other democrats really celebrating my guest this week from washington is democratic congresswoman debbie dingell is guiding the man with a vision believe me struggle some feet control his politics crises donald trump really for a whole complex the 1st. 30 minutes. from the ghetto to harlem and. everybody go into knows bobby wind up. despite coming from a cool family the pop star wants to beco

and europe are we equipped to face down the cyber threat. the time of pheno since is is over we know that we had a target and we are organizing ourselves to build the resilience and the response capacity that's necessary. to our viewers on p.b.s. in the united states and to all of you around the world welcome we begin the day in another lock down another one because the others didn't work after almost a year of starts and stops of unsuccessful restrictions aimed at flattening the coronavirus kerr germany today entered a hard walk down the entire country is now shut down for at least 3 weeks everything except grocery stores pharmacies and gas stations the essentials and no one is joyful over the timing of this lockdown christmas and the new year will be observed in a muted manner unlike anything that we've experienced before traveling is almost taboo there will be few if any family gatherings there will be no parties on new year's eve and yet these interruptions these inconveniences do not begin to compare to the suffering and sadness inflict

i'm not so merry christmas countries in europe see kobe cases and deaths just people are placed under strict measures during the festive period plus also what a waste of money a us senator claims that the government has thrown away more than $50000000000.00 on this project including. and soft drink bottles for testing. their welcome you are watching r.t. international this christmas day worse just 2 o'clock here in moscow that was the saga over breaks it finally over because the u.k. and the european union have finally reached a landmark trade deal just days before the new year deadline the chief breaks negotiator describe the u.k.e. divorce is lose lose however prime minister boris johnson was very upbeat this is i believe a good deal for the whole of europe. for us for our friends and partners as well. but there is no winner and bracks it's a lose lose situation to separate especially in the world as it is today england the united kingdom has chosen to be solitary rather than stand together. i will boris johnson's christmas wish may have come true it's been overshadowed by a tough y

it's daybreak europe. your top stories. china approves the first vaccine for general use as a second u.s. case of covid 19 from the u.k. variant is detected. california. boris johnson's post-brexit trade deal is approved by the u.k. parliament less than 24 hours before the nation's final split from the eu. stocks are poised to enter record highs. bitcoin goes to $29,000. gold heads for the best year in a decade. how did we get here? percent from i-66 their implosion at the height of the pandemic crisis. that was in march. globally, you're looking at records being hit across the globe. you are looking at 3000 basis points of rate cuts of aggregate around the world. you are looking at the nasdaq coming into the green. it set for the best year since 2009. looking at the best year since 2017. up 17%. my guest says the dollar is still overvalued. another 15% to trade on the downside. gold. my guest has called it got -- god's currency. that's where you want to be if you want to protect yourself from inflation. that's not high on

it's a struggle that's underway across not just europe but the whole well. short films that are as diverse as the young filmmakers who made them but who share the belief that we can all help to solve europe's problems and then perhaps the whole world. and there are a total of 12 films you can watch all of them for free at this website i was keano dot de and you can vote for the best as well as music now and the new album from in my humble opinion one of the great solve voices around today i love black dabbles in many musical genres hip hop rap r. and b. he's also a really good songwriter and it's his singing voice that really gets me on his latest album all love everything it really has matured into a thing of beauty in the last few years. this is. my way fun by california who sells star loads lack featuring the thing his trademark smooth folk olds the track of black's latest album all love everything igs huge hope and positivity. aloe blacc breakthrough came in 2010. with this song i need a dollar it was a hit around the world. carefree as it sounds it actu

is europe on the edge of like japan? you-claude: i have to tell when he wasisor president of the republic, so i join you in honoring a great man, man who not only was a , but also aan .relude to the first g7 that there is a real yearsover the last 10 which is the presence in japan ,nd in europe and in the u.s. and that has to be corrected. it is very difficult. in have a lot of anomalies the functioning of our economies , inoductivity progress comparison to what we had before the crisis, the growth potential is lower, inflation is much too low despite all of the efforts by the banks, and this is creating abnormal behavior of all the economy of nominal normaland of course at extraordinarily accommodating processes, but they are not taking into account that they have to take --to protect the advanced economy at the risk of deflation. they are doing their job, but they cannot do everything, and i trust the other partners have their own responsibility because we cannot go forever in this situation. mentioning the functioning

what does europe need. what does it wants? -- what does europe need? what does it what? you have one side and then the other, represented by brussels, they want more sovereignty. you see the sovereignty to the eu when you joined up. in some ways, this is being played out. there's one other point you make them people do say come out when there's a crisis, the eu overcomes it and emerges stronger. it has not, actually. this pandemic package is so important for getting europe's economy off the ground. at a fundamental crossroads. it seizes the moment and moves ahead with the determination -- this is about the future direction of europe. it is so fundamental, what takes place. if europepoint, ties, other countries are already hiding behind poland. there's huge corruption in poland, hungary, romania. if europe gives in now, it's a green light for other countries. alix: judy, where does this leave the climate initiative? the climate initiative, the real push? oh the climate initiative, -- oh, the climate initiative. it will be there. the point about planning -- plan b, they do

so what do they think is the secret of europe was relative success in the crisis so far. apart from good political decisions they think the country just got lucky to a certain extent. perhaps it's a different mutation of the virus that we have had that means the cases aren't as bad as in europe and. perhaps it's the climate yet in the same. city and i don't know what there must be some other reason. a few months ago they never thought their lives would improve again so quickly but none of them will forget the anxious period around the birth any time soon. let's get more on the euro one way and whether it can serve as a model for others with mirka ball field she's the director of the latin america division at the german institute for global an area studies she joins me via skype from hamburg welcome to the. latin america and the caribbean have been heavily hit by the pandemic and its economic ramifications what really has your why done better so far to cope with a crisis. well i have better health care and social infrastructure going into the pandemic and so when the pande

now, central banks really trust europe. i think they were surprised on the foster response on the monetary policy point of view in europe to the covid-19 crisis, but mainly on the fiscal european response. so, the recovery fund but also eab and esm. we saw trends that they just want to buy more euro. secondly, they got used to negative yields. 2017, they did not like buying negative. over time, they just got used to it, so they started buying negative yielding bonds of us -- off us and our peers. we have seen more and more emerging central banks by euro. -- buy euro. i had aer, participation of 72% in my primary market issuance from global central banks. i have not seen that before. anna: central banks have come back and seem to be expressing an interest in your debt. how does that evolve? how does the manned -- the demand picture for your firm evolve? goingropean commission is to be issuing on behalf of the eu the recovery fund. that's what we are discussing here. how is your debt going to rub alongside their debt? how are

when i'm criticizing this country i want europe to be a better place i want to take part in europe. i want britain to be a better place i'm fighting for this country but maybe not in the way that people traditionally fought for it which is you know to keep. prejudices in place. europe that confronts its colonial past head on and stops marginalizing black people that's johnny now ward winning vision. and we've got more online about johnny pitts and others making waves in the world of arts and culture peirce a visit any time at d.f.w. dot com for us culture and feedbacks. journalists in montenegro. brutal crimes are commonplace in the west balkan countries. and the drug lords a biased legal system and corrupt politicians are responsible on the move the government turn things around. the sun goes. down 30 minutes on dog in. the fight against the coronavirus pandemic. how has the rate of infection been developing new. measures are being taken. what does the latest research say. information into context. the coronavirus of data the coded special monday to friday w. n u you may know years

europe is a big part of that. scotland is pro-european so to be able to have that seat at the table in the eu to influence things in the way that is based for the people here is increasingly attractive and it is obvious it is the only way we are going to get the outcomes for the people here in scotland. contrast with the direction of travel from westminster, which doesn't reflect what people in istland want and which running completely contrary to all of the efforts the scottish government have made to engage with the u.k. government to put forward compromises and these songs have all been ignored i think it is undeniably time for us to take our own path here. matt: how quickly can you get another referendum on the schedule? how quickly do you think you could make this happen? kirsten: sooner rather than later and the future of scotland is up to the people who live in scotland. that is an opportunity that will be presented to them to make that choice. it is not for anybody else to make it for the people here. it i

had to do the same and at the same time europe had to deal with brics it it had to deal with the row about the the budget that has just been resolved so in a way coronado also really disturbs this process of working out a new you africa relationship so daniel can you give us any glimmer of hope will there be something that africa and europe can look forward to next year. well i wish i could give you a glimmer of hope i think it really remains to be seen i think in the end both sides have to sign some sort of a new agreement because there has been so much talk about it especially in the beginning of the year that they would lose face if in the end they don't agree on on something but what i really don't know and i think what remains to be seen is if this is going to be really this radical new partnership that they have promised i don't think that's very likely frankly i think the differences are so great that in the end they're going to agree on more cooperation in some areas such as digitalisation or climate change because these are areas where they have a lot of common ground alread

europe andws out of hong kong. i will start with the eu since we are in the middle of the summit that has gone through the night in brussels. climate was expected to be the focus of today. we've now a tweet coming from charles to shell saying that europe is going to commit eu leaders at the summit, they have committed to reducing greenhouse 55% from 1990ast levels to 2030. by more than they previously had agreed to reduce greenhouse gas omissions. we have that plus, a quick line on hong kong signing a deal for 50 million doses of the vaccine from pfizer & novak. as we tally up what's going on in terms of vaccine doses around the world, looks like hong kong has signed a deal for another 15 million doses. now back to the european union. as we have been pointing out this morning, they approved a historic 1.8 trillion euro budget and stimulus package after the block resolved its standoff with hungry and pull into were threatening to veto the plane over conditions on that money. peter, we were talking about the valuatio

unit pm you had one of this cute tory ministers who is prepared to stand up for britain's place in europe and what's happened here i'm a born again breaks a t.m.o. . that was then of this is now yes you're absolutely right and i stuck to the our poll image in 1904 i looked at standing again in 1909 but i think opinion was by then became need to be really quite critical of brussels i like the idea of a big international group of nations coming together voluntarily countries which had forced each other we used to throw bombs as each other from each of the cities struck and i like the idea of these countries coming together in peaceful tray i think what did happen though by the rustic treaty was it was clear that some of the people in brussels have more ambitions and that amounted to build a united states of europe and a lot of brits just began to feel uncomfortable by the time we got to the referendum i campaigned to stay abreast of the campaign to stay in europe but we left real ups time a great believer in democracy and increasingly actually joining the negotiations the all. difficult the

events in europe were forging a new phase of life for the entire world. world war i gave many a future general his first experience with combat. when young eisenhower was not among them. world war i brought him, instead, command of a tank training center at gettysburg, pennsylvania, where he prepared troops of the new tank corps for overseas duty. his performance won for him distinguished service medal, but before he was able to get to europe, the war ended. in the late 1920s, after graduation from the command and general staff school, major dwight d. eisenhower was assigned to france to prepare a guide book on american battlefields in europe. it was his first direct experience with that continent. with the '30s came other assignments, climaxed by service under general douglas macarthur in the philippines. for four years, he worked with macarthur, who was commander in chief of the philippine army, to help the commonwealth government work out a plan for its military defense. ordered back to the states in december 1939, lieutenant colonel eisenhower went to

so if you're a scientist in europe. having any kind of dealing with a company closes a number of avenues of work later so again we are really champions in creating difficulties for ourselves in europe but the rest of the world is. part of the problem and something else that needs to be changed is all the industry is funds many laboratories and funds studies through the universities which to a certain extent has to be done because the universities don't have enough money but the problem then becomes that when the universe when the monsanto for example drafts a paper and they ghostwrite it and they need to slap a name onto it they'll go to the university and say you know remember that lab we bought for you or remember that study we funded through university now we need your help and that's the problem there's this circular center just pick a fact between the universities needing the money and the companies being willing to provide it but it's sunday collecting. joins work for monsanto and with me it's my partner eric lask

and europe. you willot need a visa for short-term travel like holidays. you cannot stay in european countries for more than 90 days in every 180 day. -- period. . if you have a health insurance can it will remalid until it expires. the government is setting up a new u.k. scheme but it does not exist yet, so you might need to get travelers insurance. you will need to get a green card to prove that you have the right vehicle insurance. if you want to take your pet to europe, you will need an animal health certificate from a that. services -- health significant from a vet. therein will be a chang services for the u.k. economy. theres not a huge amount in the deal about financial services. the exact conditions about which u.k. companies can operate in europe, they are not yet clear. in terms of access, there is better news for u.k. lawyers who want to work in europe compared to u.k. accountants right there is noge l any automatic recognition of profess qualifications. as a make a hardefor some to sel

plus, more than two trillion dollars to boost europe's struggling economy as leaders finally sign off a pandemic rescue plan. we start with brexit, because uk prime minister boris johnson has warned businesses and the public to prepare for a ‘no—deal‘ outcome in trade talks with the eu. in his first comments since talks on wednesday with european commission chief ursula von der leyen, he said there is now a "strong possibility" the two sides will fail to strike a deal. the uk leaves the eu single market and regulatory system in three weeks' time when the transition period ends on 31 december. mrjohnson blames the deadlock on the eu's insistence on ‘equivalence' — britain following the same regulations if it wants continued single market what has made things difficult in the last few weeks is the concept of equivalence, keeping the uk locked into the eu's regulatory penumbra orbit. that is something that has appeared recently. we don't quite know why it has appeared in that way and that is the thing that has made things much more difficult andi made things much more difficult

it used to be one of the most famous borders in in all of europe. but for all the wrong reasons this passionate struggle to keep the places apart or to bring them together costs thousands of lives. it's only recently that it's all been quite with a peace deal but also within you support and you integration. to grasp what's still at stake in northern ireland just take a look at belfast there are these huge peace walls and like in berlin they've become a tourist attraction only these walls still sort of pompous they keep people apart . people who would fight each other over whether to stay a part of the u.k. or to join the republic of ireland. it was really chilling to meet the final he was all about fighting for a united ireland meeting him felt like going back in time to the 1970 s. . it was talk about the irish republican army the ira and dying and killing for the course. we would commemorate barry volunteers and this community for us already volunteers. who were martyred paid the ultimate sacrifice for irish freedom and he also murdered others and

attracting migrants looking for work has become a major transit point for migrants trying to make it to europe. we begin the program in ghana with the election commission has declared president though the winner of monday's poll with 51 percent of the vote this after at least 5 people were shot dead as tension grew over a delay in the release of the results police say more than 60 incidents of violence have been reported since the presidential and parliamentary vote. they're going to hand people through the results have made the loud and clear that the 2 parties the m.p.p. and d.c. must work together especially in pollen for the good of the country. now is the time for each and every one of us irrespective of our political affiliation to unite join hands to stand shoulder to shoulder and work out to place gonna where she deserves to be. amid idris has the latest now from the capital accra. for the supporters of the ruling party and president on our go is celebration night so a short while ago we left the party headquarters where president who went to address a moment crowd there and he's been

coronavirus cases rise across europe leading up to christmas and world health officials warn the outbreak could worsen next year. or until this is ours era live from london also coming out the pandemic has hit yemen hard aid agencies warn of a race against time to help millions already affected by war and famine. guilty verdicts are handed down in france for 14 people linked to the challis of do attacks. and it's the largest mangrove ecosystem in the world where the future could be uncertain for the u.s. cobra in ised everglades national. the world health organization says the coronavirus pandemic could worsen in europe early next year that warning comes as several european countries including the netherlands and germany struggled to contain rising numbers of infections and deaths germany praised for its early handling of the pandemic is now reporting record numbers of deaths it's entered a hard lock down which will be in place until january the 10th it suffered more than $400.00 deaths a day for 11 straight days u.k. prime minister boris johnson has resisted pressure to ban christmas gat

some of the biggest countries in europe. netherlands,h, the joining that list of countries restricting u.k. travel is fermenting -- travelers from entering. that list could get bigger. this pointception at is spain. they say unilateral measures are not going to help and if anything, they are going to create more air traffic problems heading into what is one of the busiest times of the year. the only main exception is spain. that could change. 11:00 a.m., the meeting is expected to take place in brussels. in terms of the restrictions and the disruptions that could happen. we know that is affecting aviation. if you are not able to get into a flight, you are going to want your money back or you are going to want the flight rescheduled. there is very little clarity as to how long restrictions are going to be in place. --s could potentially be this is happening two weeks before brexit, that is already accelerating the issues we were fearing could happen at the borders. huge lines and so on. minister, it is very obvious today in t

europe is in the pack. right now, if you take a look at european equities, it is not like they are falling because euro is so strong. there seems to be this global confidence impact that is taking down the dollar. it has been a very reliable dollar negative along with other currencies, but also taking up equities. you are just not seeing any sign it is doing the kind of damage you would expect if there was a competitiveness issue right now. alix: steve, so good to talk to you. steven anglin there is going to be sticking with us. -- stephen englander is going to be sticking with us. more thoughts on the bridge that situation. this is bloomberg -- the brexit situation. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is the european close on "bloomberg markets." the u.k. now saying it will rebut parts of the controversial these that would affect brexit treaty. boris johnson is going to meet with ursula von der leyen today. what are we expecting? where are w

holds the biggest market share here but europe is determined to catch on. and argentina's economic ailments the list is long and the latest numbers die out we'll look into ways out of the price. come to someone who could jones and glenn good to have you with us the u.s. government acknowledged a major hacking campaign against multiple agencies including homeland security and the state department at the center of the attack is a private u.s. software company so love wins or the threat of cyber attacks is big and small is growing cybersecurity for mcafee expects for one global cost of hack attacks to reach $1.00 trillion dollars this year and that's a rise of 50 percent in just 2 years google says it had to block between 101-2000 government sponsored potential cyber attacks every quarter this year ensure alliances the biggest threats come from data breaches attacks interrupting business and ransomware where hakas lock uses out of their own files is aside from the attacks themselves companies driscol of huge regulatory penalties and private litigation if they

bosnia has become a bottleneck for thousands of migrants hoping to reach western europe those here try to get into the nearest e.u. country croatia though croatian authorities have been loath to allow them entry and usually push back. the. police beating. police to give them everything through photo of our life. for now there's still no solution in sight for these migrants who are in dire need of help. and for more insight on this we are joined by peter there in the western balkans coordinator of the international organization for migration here thanks for speaking to us we've seen the misery these people are ensuring is anyone doing anything to help them. well what we're seeing really is a political did look we have been asking as i women other international organizations and also that you for the majority still identify not 3rd location for the people that you just so in lipa but also for us to end of $1500.00 people that were already sleeping outside in the forest cams and in abandoned buildings and unfortunately despite i think our base it for it's not a legal agreement has been re

do so i had never seen the ocean before he stepped on took boat hoping to make it to europe a land he saw filled with opportunities he cannot find at home but the coward are from tom burke who was caught by spanish coast guards and sent home empty handed to his family his son sergeant mohammed streams to play professional football in spain gone are his daughter my mood his hopes to study medicine in europe i'm a do feels like he failed his children he was i didn't know i wanted to hate carl's voice farm in spain maybe that would have changed my life in my children's lives. in unprecedented wave of illegal migration from west africa to europe spanish coast over 600 migrants have died trying to make it to the canary islands this year among the dead are many school age teenagers that topical does a professional high school students learn to become electricians in a country where most have no electricity the students say they are learning skills for jobs they cannot find in senegal and then there is this false rumor that. dying of the coronavirus or leaving jobs vacant for young african m

we're joining me now via skype from berlin is europe for big york is a senior fellow and director for central and eastern europe at the german marshall fund of the united states really good to talk to you so the u.s. keeps imposing sanctions poland has issued its own penalties i mean is there anything that would make the change its mind when it comes to russia being such a great energy. i think we have to step back a little bit on this question because if you see the situation from germany. from the perspective of the german government and also german business then russia and previously soviet union have always been very reliable and that in part going back almost half a century or so from that sense germany is proceeding very rationally and pursuing a very strong energy partnership with with russia what the german debate's tends to fade out however is that russia also moves this energy as a political weapon against its neighbor as accounts of apartness and this is a point that is typically underestimated here in germany for as long as. the country and its debates decouples economic a

europe's central bank says it will do more to help lead the country's b.c.b. boosting its bond buying program to keep cheap cash flowing around the block. welcome to the show i'm stephen beers in berlin. germans woke up thursday to a shocking headline nearly 30000 new coronavirus infections registered in one day the most yet in a single day and the latest sign that the 2nd wave is careening out of control in the country and could take parts of the economy with it one more reason for broader help perhaps to that end the european central bank announcing thursday that it's expanding its already massive monetary stimulus program as the pandemics impact on the eurozone economy drags on the e.c.b. said it's adding an extra $500000000000.00 euros to its bond buying fun taking the total pot to $1.00 trillion euros rather it's also keeping interest rates at historic lows. the record number of new coronavirus cases comes as a shock for many germans and it suggests tougher lock downs are more likely than ever. store owners could suffer from stricter measures they may hav