it is the message from bruno le maire. his first international television interview since the election. we started by asking about the row with italy. >> this is an exception. there is a direct link between the shipyards and the defense interest. have a look of the decisions taken by the united states, for instance. they are doing exactly the same when their defense interests are at stake. when your defense interests are at stake, i think that this is normal and everybody could understand that we defend our economic and strategic interests. >> how can you reassure foreign ?nvestors latest a look at our decisions with the president. we have decided to reduce taxes. this is good news for foreign investors. we have decided to simplify the labor market, and we have taken very deep decision to simplify the labor market. these are very good decisions. just have a look at our decisions, and i think the all the decisions we have taken with the president are a clear signal to foreign investors, you are welcome in france. , non the

now bruno le maire said that under certain conditions, that germany will look to achieve with france, he said these conditions would it not include the ecb. he said the germans will not use the head of the european central bank, which is thought to be replaced in 2019, as the bargaining chip toward more eu integration. he also wants new proposals by december by the next eu summit in december. mark: thank you for joining us. we will hear more from bruno le taxe, this time a corporate reports. the european close is next. we are following stocks. 35 minutes until the end of the session. gains in london, declined elsewhere in europe in the equity markets. take a look at the currency board. itsy, the euro continuing ascent? it is. it is up by a fit of a percent. and lower against the dollar, holding above 130.27. consumersa showing cutting back on spending for a third month in july. and the bond board, as we approach the european close, yields declining in l ondon, spain and italy. this is bloomberg. ♪ ♪ a.m. in new11:00 york, 11:00 p.m. in hong kong, and 30 minutes left for the trade

mairee maire -- bruno le spoke with bloomberg. he says the tax code will eventually be harmonized across europe. >> it is always a strategy based on level playing fields. the same rules for everybody. when you are doing business in france and europe, you have to pay taxes. you cannot take the benefit of doing the business in france or in europe. you cannot pay the same taxes that other countries are paying in europe or in france. the same falls to all companies and all states. reporter: does that mean you want to lower the company text search way 5% everywhere in the eurozone? guest: we will over it from 30% to 25% until 20222. this is the second step. we want to have the tax harmonization among the members of the eurozone. you have 19 members of the eurozone. one currency and 19 levels of taxes and 19 different economic policies. we cannot go this way anymore. that is why we are advocating for tax harmonization. the first step of the tax harmonization at the open level will be tax harmonization between france and germany. i am qu

we have the exclusive interview with the french finance minister, bruno le maire. this is bloomberg. ♪ francine: you are watching "bloomberg surveillance" and i'm francine lacqua in london. here's taylor riggs. reporter: volkswagen's unit has been made part of a probe by munich prosecutors. allowgermany does not prosecution under criminal law, administered a probe is the tool prosecutors can use to sanction firms. of has sent $3.7 billion technology over the last five years and they are now saying the investment pay off. singapore's biggest bank sees significant improvement on the expense side of the business. he admits that online rivals, such as alibaba, are from little competition. >> we are becoming a little more startup-like. i have to say theirre are from the double competitors. one of the advantages they have is the cost of acquisition is very low. they are always sitting on a massive pool of hundreds of millions of customers, who they can cross sell into financial products very quickly. reporter: google's new diversity chief has pushed up against a male w

emily: that was french economy and finance minister bruno le maire in an exclusive interview. coming up, masayoshi son wants in on the u.s. ride-hailing market. will the company back uber or lyft? we will break it down next. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. >> it is 11:29 in hong kong. i am deborah with the latest news. widenited states will sanctions against venezuela. we are told that the announcement could come on tuesday and it could be delayed while they await a coordinated response to the constitutional assembly. ofmakers ignore the sacking the chief prosecutor and the creation of a truth commission. afterother executives they preached money laundering and terrorist financing laws. there is a suit over a failure to report suspicious deposits that were transferred to other accounts or abroad. russia and kuwait have begun t

palace french economy and finance minister bruno le maire in an exclusive interview. ining up, masayoshi son once on the u.s. ride-hailing market. we will break it down next. this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile. it's a new kind of network, designed to save you money. mark: i am mark crumpton in new york. you are watching "bloomberg technology." notifiedean union has good safety authorities in britain, france, sweden, and switzerland. it is a precautionary measure that some eggs contaminated with insecticide might have entered their territory. the european commission today said germany and the netherlands notified the system over the weekend. tothey notifi

that was french minister economy and finance bruno le maire on bloomberg earlier. this is an interesting one for me. i heard him speaking about two speed europe. julia: greater coordination between france and germany here. the corporate tax rate. what is the rest of europe going to say about that? scarlet: that will be a big question. france and germany working together, who would have thought that a year ago? if you bring it back to the united states, a lot of questions over what happens to president's plan to overhaul tax? is a tax reform, tax overhaul, tax cuts?? ratesies with high tax have been flying high since the election. not so much anymore. this is 80-75. the white line is the stock basket. you can see after the election, they outperform compared to the broader market, the s&p 500 in blue. since then, they have lost their edge and the s&p 500 has been trading near record highs. the high tax stock basket has not yet recovered. julia: significantly worse in the last few weeks. recognition since the order adjustable tax disappeared. t scarlet: where are they