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

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

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

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

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.

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

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

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

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

europe for for regulation. and that's why it's so important that europe keeps the regulation which is scientific which is the other big news in which as much as possible besides. being influenced by. i would say by noise or by just emotions and fear. when science meets values and it's becoming complicated we come with science with evidence we do scientific process of risk assessment but then this evidence is given on another stage on the policy level where our beliefs emotions values come in and what we see is if politicians don't like the outcome of our risk assessment they don't question their belief they question the validity of the process so basically if succumbs with an opinion let's say only on the couldn't know it's insecticides. politicians love if so they wonder food if so you are protecting the bees you're doing the right thing really good work down there so we all applaud to you and if the same process with the same people with the same scrutiny comes with a conclusion let's say you. people say i'm

so if someone wants to authorize a broad market in europe let's say your plan protection product dispersant we call this person or this company the applicant has to provide data that allows us as the risk a says to judge whether this product is safe or not and this information comes from the applicant and the studies that are commissioned by the applicant to allow us to assess the safety are paid by the applicant obviously so it's the intellectual property of the applicant and we can properly parts of the studies in the current legal framework but we also have to respect the business confidentiality claims of the applicants so there's a balance to be found between transparency as much as possible but also to predict the investment of companies into their product innovations. that is that companies have to submit studies to the european commission they do the studies themselves. deficit made it to the european commission and to so the european food safety authority and they have the tenor of experts that looks at the studies and then they say ok and safe or not. so what we have found is that

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

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

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

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

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

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

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

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

worseningasts with pandemic situation in europe and the u.s. it is a battle between these catalysts. stimulus is winning, but it might only be a matter of time before investors once again come to grips with the reality of the pandemic situation. matt: what should we expect from the fed later today? kristine: a lot of people will take a look at the weighted average maturity of the fed purchases, because that feeds into the debate whether the yield curve will be steepening or flattening next year. it also relates to questions about catalysts that could push yields higher, including inflation. it will really be something people will look at, what maturities will be focusing, the fed will be focusing on, will they concentrate on the longer end of the yield curve? is that something that will pin longer yield terms down? one of the main concerns will be financial conditions. they want those as loose as they can possibly be. anna: thank you very much, kristine aquino who leads our markets live team. that is it for the european market open. "surveillan

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

from europe i can't help but feel frustrated. for example sold in the u.k.'s this big wind wind and what we have now is a new sleuth so it's very hard to see any. that wanted just in in all of this. after all the people we met after all the presence well i've travelled these people have basically mainly lost out tensions are clearly running i had westminster we've had this draw european trade just this year for months so i'm a german i'm living in the u.k. my children born here and i feel at home here but for me the e.u. is also important and it's important as a piece 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

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

located in the heart of europe you are connected to the whole world . experience outstanding shopping and dining offers and try our services. be our guest at frankfurt airport city managed by from. this is g w news wire from berlin and germany's coronavirus numbers take a worrying turn for the worse the head of germany's disease control agency raises the alarm as new infections hit another record high and the death toll mounts what's the next step for decision makers leading the response. also coming up still no breaks of.

europe. explored every day life for. what europeans fear and what they hope for. focus on europe. next on g.w. . us politics for sale. in the u.s. a 1000000000 able to buy political influence. the koch brothers are lime example. unbeknown to much of the public they've created a massive lobbying network their goal stopping reforms increasing their profits. might a mega rich. double. up today don't miss our highlights d.w. program online d.w. dark column highlights. to children to come to terms. one giant. problems and a mirror in no limit to see no. need to name the leader he's going to lose many times. how will climate change affect us and our children. are the w dot com slash water. hello and welcome to focus on europe with me liz show it something that a few years ago most europeans never thought would be possible but now brags it is really happening how we'll trade between the u.k. and the work the uncertainty is palpable at the ferry ports and the channel tunnel connecting england and france.

his parents hadding me rated from pennsylvania to europe and then to the america midwest. young eisenhower's parent his lived in abilene before his birth and it was to abilene, once the wild town at the end of the chisholm trail, now a peaceful village of the plains that they returned when he was an infant, and it was here that child hootd that w childhood that was active, eager and ♪ ♪ >> an experience shared with devoted parents and spirited brothers, a childhood as rich in the important things of life has ever graced the development of any man. it was an active boyhood in which sports played an important part. ♪ ♪ >> he excelled at baseball both in school and on a vacant lot next to his home. ♪ ♪ >> but football was his first love and his high school coach called him the most outstanding tackle in the valley. ♪ ♪ the active life was important and the single staple of the eisenhower family life was religious observance. the family home in abilene shows the influence of that serious religious conviction. the bible was the guide of family life and its chron

news coming to you live from berlin the time comes for europe to get the long awaited shops to the people pies or begin shipping its coated vaccine across the e.u. for the blanks medical regulator gives the green light to the pfizer biotech backseat also coming up russian opposition leader alexina bayani says he knows who nearly killed him with poison last august and is trying to confront the alleged hit man you know so should have no bellies is detained by police instead. hello i'm terry martin good to have you with us e.u. states are set to begin mass inoculations within days now the blocks medicines agency has officially approved the pfizer biotech vaccine the shot is already in use in britain canada and the united states. trucks arriving in the parting from a pfizer factory in belgium the drivers were probably there to collect the company's codes of 19 vaccine and death bound to be under pressure to deliver. so too with a used drug regulators the pfizer vaccine was authorized in britain and the united states weeks ago and calls have been growing for the use medicine watchdog to allow

i looked for it to come in with good economic data in europe. leading to stronger euro into new dollar weakness. we see that in the pacific rim as well. on space andat joy on investment in space. the rationalization of doing it again. stanford and then she went to the dark side. are you kidding me? she lined up with one of the great distinguished venture capital firms. what was the first day like? spherical geometry and with a bunch of financial animals. what was the first day like? did common question is how we go from airfoils to term sheets? how did i get to venture capital? i am still very much an aerospace engineer. but rather than being a technical engineer at a single company, i am investing in the ecosystem helped catalyze an industry forward by investing in technologies that i think will continue to push and continue to open space for business. tom: we have just seen the chinese space mission to the moon. the moon and mars. explain how you go about the irr analysis of putting something in orbit around earth? absolutely. especially when

for him you had one of this cute tory ministers who is prepared to stand up for britain's place in europe and what's happened you know 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 the mixture of the cities flat and i like the idea of these countries coming together in peaceful trade and 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 results time a great believer in democracy and increasingly actually joining the negotiations the all. difficult

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 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

and europe. we will not be part of the key databases and learning systems british police have come to depend on so heavily. we will be in a position of being a liaison country, a third degree ofeeding a human intervention to extract the data we need from these databases. it will be slower and more intensivere resource on both sides of the tunnel, and that means there's more risk to safety and security. matt: so britain is -- i mean, with its famous intelligence service, britain will now be more at risk from international criminals from terrorist threats? peter: the intelligence relationships won't be affected by exit. the intelligence agencies of europe have their links, as does the u.s., outside the eu. what will be slower is law enforcement follow-up. police work is vital to arrest criminals and disrupt criminal gangs and so on. that whole aspect will consume more resources and take more time. i am sure the law enforcement authorities will find operational workarounds as far as they can, and at

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

makram: you mean in europe, in europe? sta francine: european investors. makram: i think the europeans acrket, part of the sp market in general. thisi think will happen is , to comehat started follow, and that is a good thing for europe we can only do one, unfortunately. we are not worried about that deepestwe have the any side of spac on the atlantic. the board as well as our group, does not differentiate what is put together. there is a lot of value. the unicorns and european champion that will be attractive. also expanding further into the u.s. market from the operation. huge.portunity is the european bank, where it is estimated every couple years, the european spac market, for example -- there are only two for now. you can see the potential. may be two final questions. first of all, when are you expected to do your first acquisition? do you have a target for a timeline for that, and how big do you want that acquisition to be? regulated by the sec, so -- after tuesday of next week we will engage with the business owners, that we know well. we have good

the eu is still the continental europe, and remember the eu is stillthe uk's continental europe, and remember the eu is still the uk's biggest trading partner. that at the moment has been closed and that is because they are talking about accompanied freight. that is to say a lorry driver with a lorry full of goods. they are saying they are not welcoming to france and beyond. they are saying they are trying to work on a plan that would involve some sort of testing to test that those drivers do not have the virus, or indeed this new more virulent strain of the virus. but at the moment, is very difficult to see how they would be able to put that into place because we know how long it has taken just to get things like airports and ports up to speed with the original version of the virus. so there are questions about how that might come into force coming out what is a particularly busy time given that it is the holidays and the christmas rush, so a lot of trade through that route, and at the moment it seems for all intents and purposes at a standstill. m lorries can arrive from continenta

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

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 --

this is deja vu news live from berlin europe kicks off its mass vaccination program against code red 19101 year old woman is the 1st person in germany to get the vaccine as an unprecedented in your eyes asian campaign is now underway across that you also coming up on the show we talk to survivors of cope at 19 who are as well after struggling with the long term side effects their symptoms range from burnout and dizzy spells all the way to chronic pain. and assessing the impact of australia's devastating wildfires. take a look at feet out using unemployed me and chorus to carry out the census folks for all the numbers. hello i'm claire richardson welcome to the show germany's mass vaccination program against the corona virus has begun a day before its scheduled start shipments of the biotech pfizer vaccine are arriving in e.u. countries and in hungary and slovakia they have also started vaccinating here in germany a 101 year old woman in a care home in the east was the 1st to get the shot along with other residents and some of their carers. when it quite solid was born the world was i

europe is looking for a 3rd way, is quite an elegant answer to that. 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. now is being touted as the largest 3 d. printed residential building in europe is coming together in a small bavarian village. but can the project in nearly 400 square meter apartment building hasten the construction industries. adoption of 3. d. printing technology layer by layer. this machine is putting down the concrete walls of what is expected to be europe's largest. 3 d. printed a residential building, the structure in the bavarian village and bolland house and not reach 3 storeys and has 5 apartments common distance if you can imagine a sort of piping bag like it used to ice the cake which builds up the layers. the 3 d. printer is being guided by a computer which directs the mixing and laying of the concrete. it's much faster and more efficient than human workers. according to the building's contractor, for site, it took 25 hours to print the ground floor, and th

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 stick a fact between the universities need the money and the companies being willing to provide it but it's sunday collecting. rather joins work from and santo and with me is my partner eric

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 pitts is 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 anytime d.w. dot com slash culture stay safe. as the search for an insufferable monarch. loves fantasy a trip. up. the side of the ultra. secret 6 starts december 10th in. the uk. we're all set. to go beyond the obvious. that we're live. as we take on the world. we're all about is the stories that matter to you. something. the simple what ever it tastes the love slip out w. . made from mind. closely. listen carefully. listen. to didn't. discover. the love. subscribe to the documentary on. the back . this is it every news line from berlin raising the alarm in germa

and chinese tech giants have surged this year, -- europe -- the same cannot be said for europe's players, so what can make the sector more attractive for investors? that is next. this is bloomberg. ♪ ♪ welcome back to "bloomberg markets: european open" 43 minutes into tuesday's trading session on the 22nd of december. a bitoxx 600 up by 1%, so of a bounce back from yesterday, not making up for all the losses of yesterday but things looking a little more optimistic. the ftse 100 catching up a little. tech has been on a tear this year, with the nasdaq up more than 40% year to date. there is one region where gains in the sector have been perhaps more tepid, and that is europe. what needs to happen to make european tech companies global players? let's get an opinion on that. par-jorgen parson is a general partner at northzone, an early stage venture capital fund. thank you very much for joining us. i know that you think that capital and talent are all coming together and aligning in a way that makes next year and the years ahead quite exciting for european tech. why do you think that is

market in europe is open. there is absolutely no difference in the appetite of investors to invest in that growth theme. i think it is a relative supply issue rather than a lack of demand. anna: you mentioned the -- that europe might pick up. is it private equity exits? is that what we will see next year? do you think? what is around private equity and this the think thising when you're trying to exit the businesses you're invested in and get your money back? >> we have been very much in a eployment. part of the factor here is they have held those assets now for a reasonable period of time. naturally they would be looking at opportunities. the i.p.o. market is a good and strong and open market for that. we'll see more natural transactions coming to market on that basis. secondly, what we have seen in the secondary markets evaluations likely accelerates some of those exits. matt: is there just so much cash out there gareth? if you go back to one of the buy low ages investing and sell high, it seems they are doi