europe not to intervene and do any kind of where ups that could happen in eastern europe. cornelia, you have winter and you have energy crisis. how are we to blame? is it the post pandemic recovery? is it russia or is it weather related events, particularly last winter? it is the perfect storm you had last winter. you had such a cold winter that starch was on plenty shed, and i have some sympathy for gas brom again for 1st filling their own storage because they had a cold winter too. so dare, storage shoe, it was, was deplete that to, for 1st you know, you 1st look after your own people and then then you go further. so, so that's one thing. then we have obviously the competition as was mentioned between them, asia and europe for l. n. g, big because china is importing more and more l n g this year, china will become the largest import, the globally of l. n. she, it will, it will supercede japan in that position. and so, so we have another see, we have some geopolitical tensions, but bed bed mainly it's the perfect storm of supply and demand. and when he comes to price, yes, obviousl

for germany and for europe. well, it's interesting that every member of the upcoming new government announces that we need to radical changes when it comes to climate change. and they are all pushing for renewables that more needs to be done more than what the previous government has done. and given that we've seen the rising gas prices that could potentially be leveraged on the stand, that it's now high time. and we shouldn't discuss the nitty gritty is of how it is turned is when mail next to a building or all the reasons why it didn't meet the targets that have been defined before. so there are certainly a push coming from the current what was described as a perfect storm that we'll see more efforts and more investment in renewables and decreases the cio strategic dependency from russia. pulses. this is a crisis moment. everybody's looking for leverage. oh, it comes to ukrainian the seem to be pretty much excited about the potential. what might happens next, particularly because they are now going to be part

protests in europe. some violence as new lockdown measures come into force in some places amid rising covid cases. the treasury yield curve near

than in other parts of europe. and you're showing images of vaccination rates of fully vaccinated people, you see the gradient here. and of course that explains part of it. tom: that explains part of it. how are the health care systems holding up in these countries? >> again, that's quite different, in part because the organization of healthcare is quite different. so for instance in my country, it has been quite tight, we don't have much spare capacity and that is a problem in a crisis like. this when you just need more capacity. so that's one factor. plus the duration of the pandemic is bearing down on health care workers. we see quite a few people leaving their jobs, the amount of capacity, the flexibility of the system is further reduced by that. tom: the burn utah of medical professionals, facing and fighting this pandemic is evident. in terms of efficacy of of lockdowns at this stage, do lockdowns -- can they still work and can they prove a catalyst to boost vaccination rates? are we seeing evidence of that?

, although europe is liking the u.s. from an economic perspective. there is very much visibility on an easy policy stance which is one of the things next to the underlying fundamentals that keep supporting these very high levels in equity markets despite the covid dynamics. guy: so what do you think we do next year? does this just carry on? very nice to see you. does this carry on next year? do equities continue to grind higher? valentijn: very nice to be here. i do think that into next year, equities are the place to be. currently we are seeing that a record highs. we also see how kind of metrics that express investor optimism really on the high side. towards year-end, may be the first part of next year, there may be a bit of a correction and a bit more volatility, but underneath, the economic fundament of our solid. just look at the latest earnings reports, whether it is in europe or the u.s. for the third quarter, pretty solid. consumers are able to interpret these rising input costs very well. i don't think with the

>> europe needs russian gas. russia needs europe. russia is supplying gas to japan, china, but europe is an essential client so they are tied together. the future has problems with the co2 signature taxation coming into effect in europe and eu saying they will oppose any kind of extraction of gas or oil in the arctic, which russia rejects. so there are serious problems now and in the future of how russia will be seen and interact with europe in supplying gas, oil, fertilizer, and other commodities. so russia and europe have to work together but right now there are a lot of problems and misunderstandings. it is complex and dangerous. >> [indiscernible] do you think bringing non-russian oil to the european market will be easy, looking for alternatives? is this feasible short-term? >> we already see energy from other parts of the world to come to europe. we have pipelines coming from the mediterranean, from north africa through the mediterranean. but if you look at libya and algeria, there are also geopolitical tensions. so europe will

>> london is our top pick in europe and globally. it's a fantastic city, seen an incredible rebound from covid despite the cases remain high and the question mark last year how it would perform. >> brian, thank you for spelling that out for us. >>> coming up on the show, president joe biden is set to decide this week whether jerome powell gets another term leading the federal reserve while lael brainard has emerged as a strong challenger supported by progressive democrats. we'll dig into that next it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> the u.s. house of representatives has pa

. 50. pressure on health care systems across europe.— across europe. so, do you think government _ across europe. so, do you think government messaging - across europe. so, do you think government messaging shouldl across europe. so, do you think- government messaging should change, when it comes to wearing facemasks? because any body who goes out and about at the moment, we'll see decreasing number of people wearing facemasks, certainly on public transport here in the south—east of england, what is your view of that? i think we should do as much as possible to encourage people. it is difficult because when you release restrictions, the genie is out of the bottle and getting people to comply is tricky. we have seen real—world evidence in a study looking at 30 different studies around the world showing that facemasks are really effective and can reduce infection and the spread of infection by over 50%, so they do work. i think it is encouraging people to think about themselves and others in the way that facemasks can help along with the vaccines. va

and we're in a vacuum in europe failed to protect europe. so it shouldn't be about emma, they monopoly. it should be about the board fully, all different, extreme technologist, including russian machines, chinese vaccines, other machines from britain, astrazeneca is very good, and all this report folio different vaccines, can countries themselves a renewed pandemic clamp town across much of western europe has sparked wide spread straight on rust on places with police, however, the european union is distancing itself from the tough security response, saying that's purely a matter for national government. oh hm. with that since the european commission was not present at the scene of the riots, and it's not a police organization, it is not in the best position to comment on the actions of the police of the u states. the maintenance of public order is strictly within the scope of the national forties of the you states and is supervised by the national courts. and the european commission is not in the best position to make specific comments. wile

. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: a is off todaylix -- alix is off today, enjoying thanksgiving. like volume here in europe. our equity markets are open. they are off the earlier lows. for a 1.65 is where we are trading on the stoxx 600. europe is migrating to more defensive sectors, so utilities are trading higher today. retail is trading higher today. food and beverage is higher today. that is where european investors go when they want to hide out. those are the sectors that are performing today. we are off our session lows. we will wait and see what the true trajectory looks like when we get through with the united states returning tomorrow and probably more accurately, into the beginning of next week. the story right now that remains the story of the pandemic. the fourth wave is washing over europe. we are trying to figure out exactly what this is ultimately going to mean. at the moment, it probably means we are going to see con

peter: i think it is clear we cannot beat cancer if we don't cooperate in europe and if europe does not do its bit. but also the figures show we need efforts by the national government and regional governments. everybody has to do their bit. europe has to concentrate on those areas where we need cross-border cooperation. for example, joint procurement for early detection, that is a good point where we can join forces like we did with the vaccine against covid. join forces in every european should have access to this equipment. here, europe can help, but there will be issues the member states continue to have to deal with it. manuel: the european approach is the solidarity principle. we must add to budgets the support from the european union, to target very specific measures that can make the difference. if we can use the best experiences of some european member states in the early screening of cancer to all of the european member states, we are going to get a huge advantage in fighting against cancer. i think this is the idea of the plan. catherine: if we look at w whats in the plan, it

it takes it, it's bad to deal with europe in europe when it comes to guys. and i share so far as i get need to sub riley contracted amount. so guess if you aren't on that with your on sent to a, with a supplies, they have to play a game with the same to. and i think when that chesapeake, if baller roost is resorting to such measures, and we will know more after this 3 day period passes, such as cutting fuel supplies. is that pressure going to resolve the ongoing dispute with the e. u. of course, brussels won't say it directly to won't be headlines about it, but perhaps in back channel, as you say, it's going to be a cold winter. the want to get this issue solved or is it simply going to make matters worse in relations between the 2 of my not sort of the problem, but when i was an old man in europe maintenance might be as a man about that sanctions. i guess there was, but at least in mud. mm alterra. and of course, it was good to him to have some side effects on that bob, russia. russia is not going to, i do. it's such a list because i'm alive. but at the sam

next, "bloomberg europe." -- bloomberg markets europe. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. ♪ anna: good morning. welcome to "bloomberg markets: europe." mark cudmore, our markets live managing editor, joins us from singapore to take us through all of the market action this hour. here are your top headlines. german covid cases hit a new high. the government announces no restrictions for the unvaccinated. powell or reynard -- brainard? joe

in the uk as compared to testing in mainland europe.— uk as compared to testing in mainland europe. may be, but it is so striking. — mainland europe. may be, but it is so striking, the _ mainland europe. may be, but it is so striking, the difference - mainland europe. may be, but it is| so striking, the difference between our numbers and spain. france isn't doing so badly, and we were in france a few weeks ago — and everywhere we went, we had to show that we were properly vaccinated. everybody masked on public transport. i don't know if that's making the difference, but the germany thing baffles me because germans are so rulebound that they are rejecting, and number of them are rejecting, and number of them are rejecting, and number of them are rejecting the vaccinations. i find that quite surprising and worrying, actually.— find that quite surprising and worrying, actually. moving onto another story. _ worrying, actually. moving onto another story, also _ worrying, actually. moving onto another story, also on - worrying, actually. moving onto another story, also on the - worr

>> the countdown is on in europe this is -- is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: what do you need to know about the market action we are seeing in europe? negative is the main story. you see red across the main european continent. the driver of this is what is happening in place is like austria and germany. the austrian index down by 3.2%. germany down by 0.5%. austria is the epicenter of the action right now, as we see a lockdown being imposed there, and talks that germany could follow. the ibex down by 1.8%. the u.k. down by about 0.5%. broadly, the stoxx 600, after peaking midweek, looks like it is going to have a negative close on the week. it is going to be a really tight call. we will check in 30 minutes as we get it to the close. alix: volume pretty solid in europe, as well as in the u.s. a negative day for some equity market. s&p energies off free .5%. exxon having a huge gap down as you have oil really falling out of bed. part of that is definitely lockdowns in europe.

europe provides a study for what not to do. millions of europeans are facing the prospect of a cold winter without enough affordable energy to heat their homes. fertilizer plants are closing because of the high energy prices and the price hikes are caused by underinvestment due to aggressive decarbonization second they are caused by overinvestment and whether the dependent renewables with has led it vulnerable to the drafts just yesterday and britain exceeded $4,000 per megawatt hour due to the low wind speed. third europe is shuttering its nuclear plants and finally it's relying heavily the natural gas especially the working poor. the effects could last for months or even years. fertilizer made from the hydrocarbon is the food of food. numerous food fertilizer plants are shutting down because of high gas prices that would mean less food production and therefore higher prices would lead to additional inflation. the united states must not emulate the disastrous energy blueprint about 60% of the electricity supplies the u.s. toda

europe. it seems the positivity around the u.s. data picture and european earnings is overcoming our fears this morning. we are think the for the u.s. data -- thankful for the u.s. data. here in europe, we have had better earnings coming through. the euro is probably a dollar negative story, the dollar down after four days of strength. we do not have treasury markets open today, so we will see what happens when they reopen. i have put in here the hungarian currency. we have south korea hiking rates overnight. we have the hungarians increasing interest rates more than expected for the third time in two weeks, and underlying illustration of what kind of move we are seeing in terms of central banks' interest rates. it is taking other emerging markets in europe with it as well. let's take a look at the day ahead, plenty to talk about this morning. we have a few items on the agenda to keep in mind despite it being thanksgiving. the ecb legal conference begins. the ecb president is due to speak at

on that front, europe has done quite well. we have over 70% of the adult population that is completely vaccinated in the euro area, and some countries are in excess of 80%. that has been a significant boost for growth and has helped governments not go back to these stringent containment measures we had seen previously. david: during covid, were you working remotely, running the bank from one of your homes or from a home somewhere, or were you going into the office? ms. lagarde: i spent quite a few weeks stuck in my frankfurt department during the first wave of covid. the very sizable package we put together for monetary policy purposes was engineered around my kitchen table. subsequently, when things were more flexible and we could move out, i went to the office a bit. but the by default solution is remote working still today, and probably until the end of january, and then we will see. david: you should take that kitchen table and move it to your office. it was very productive, right? post-covid, do you expect europeans will

of europe, because we see something _ rest of europe, because we see something similar— rest of europe, because we see something similar to— rest of europe, because we see something similar to what - rest of europe, because we see something similar to what we l something similar to what we witnessed _ something similar to what we witnessed in _ something similar to what we witnessed in the _ something similar to what we witnessed in the channel, - something similar to what we i witnessed in the channel, we've something similar to what we - witnessed in the channel, we've seen in the _ witnessed in the channel, we've seen in the mediterranean _ witnessed in the channel, we've seen in the mediterranean since _ witnessed in the channel, we've seen in the mediterranean since at - in the mediterranean since at least last year. — in the mediterranean since at least last year. since _ in the mediterranean since at least last year, since 2015. _ in the mediterranean since at least last year, since 2015. and - in the mediterranean since at least last year, since 2015. and until- last year,

also coming up. war and europe's border could become unavoidable ones. the president, batteries, if the you weren't accept the migrants on poland frontier, if you're, if his prime minister says he'll lead from the front line promising to join his army in its battle against to ground forces. and a jury is asked to way up, murder or self defense. closing arguments are made in the latest trial that centers on racism in america. ah. hello people in austria, can't go shopping, eat at restaurants, or get their hair cut for the next 10 days. as the country becomes the 1st in western europe to re impose a national lockdown, a korean of ours wave is surging through the continent. overwhelming hospitals as governments plead for more people to get vaccinated. for these nations, with the highest average daily infection rates, not just in europe, but across the globe. so vacuum tops the list followed by slovenia, austria, and the czech republic. a decimal, kevin 19 or climbing the most in the east. take a look at bulgaria with the highest death rate in the entire wor

it is a problem of scale all around europe. what could we be doing that might work, that might create an environment in which the people smugglers no longer had a business? well, i think by opening legal routes and safe i routes for asylum seekers who claim asylum. - the french government, - we've learned this afternoon that the french government has proposed to have british - officials processing asylum applications in france. - |this is what happens in severalj european countries that receive all of a sudden a whole wave of asylum seekers. - so they send their own police officers and home office - ministers and officials to process the asylum applications. this has to happen, - but there has to be a really honest conversation - about the politics of asylum. i think, for instance, _ in the case of this row between france and and united kingdom, there has to be a conversation. i is it really reasonable - to expect france to be policing at the cost of the french taxpayer, because it's. france who mostly pays - for the policing o

we are done in europe. europe certainly hit by some of the stocks we've been talking about or affected by some of the stocks we've been talking about over the last few minutes. richemont giving the luxury sector a massive boost. that is help the cac 40 out. these are the final numbers. the ftse 100 being hit pretty hard by astrazeneca. you get a day like today where astra is under significant pressure. down we go. alix: also we are talking about the last day of cop 26 and are lots of questions as to did it work? did anything come of it? currently delegates in scotland are hustling over the temperature, the carbon tax, that is all in the cards. we will talk more about this after the break. dan jorgensen's denmark minister of climate and energy. he joins us next from scotland. this is bloomberg. ♪ ritika: this is the european close. you're looking alive, the prince will room. coming up, liz shuler, vfl cio president -- the afl cio president at 12:30 in new york. this is bloomberg. let's check in on the bloo

but it did resolve europe's problem. okay. and, but they are not willing to accord the same kind of policy towards the very reasons the market says that explained to us go ahead months, right. i agree, and i will also add to that perhaps that i think kind of a me term challenge here is that, well, the rules may be kind of turn into what d p r k is for china. you know, when you put too much pressure on kim and refusal kind of neat options for negotiation that may, that may play you out. you know, north korea as a strategic leverage for china against regional rival, but also and beat pain in the neck. which i think if the current policy is word spell the risk continue, then russia would have to support, shall go on. a number of things that may not necessarily be in russia is own interests. but because you don't really have a better option than you have like even longer problem on your hands. but also as i mentioned before, europeans kind of far from the truth. the role here on the one hand to complain about their security. on th

the solution is easy. europe cannot delegate the task of welcoming migrants to certain states. europe must assume as responsibilities more should be done, but the question is, what does europe not want to tackle the issue of migration? there is no strategy to keep migrants away. it doesn't exist because margaret would bypass the obstacle and was still come to italy, even pussy. it was to control boulders would be useless, their laws and documents that should be respected and that europe itself does not respect. there is no end to all this. the situation is always the same, nothing has changed. here in lamp inducer, there are no places to welcome every one. we have more than 300 and aged children who do not know where to send our reception, sensory suffering. there are too many people. the politicians are not thinking about it right now. we are collapsing, we can't go on like this. from the you. we have received only indifference and from the italian government also indifference that we seemed to spend half our lives these days online, constantly sharing our personal info with banks an

it is a typical work -- case, an example of what is going on europe. people being criminalized for doing the right thing. helping people in need, helping refugees and migrants in need. they must drop the charges and let these people carry on with their lives. >> we will begin our discussion in a moment, but first let's go to john in athens. how do the greek people react to this particular trial. >> >> at the moment this is not well-publicized. the news is not widespread. there are other things like coronavirus claiming the limelight. but this has -- is a story that has been ongoing since september 2018 when the indictment took place. there is high awareness among the humanitarian committee -- community and the community, and the reactions are people are appalled because the emergency response center was an aid group working very closely with authorities, including the hellenic coast guard, local authorities almost post, the government, they had cleared all of the hurdles in terms of registration with the government and following the regulations and the

one of many interesting — europe. exactly. one of many interesting issues _ europe. exactly. one of many interesting issues raised - europe. exactly. one of many interesting issues raised by i europe. exactly. one of many i interesting issues raised by this europe. exactly. one of many - interesting issues raised by this is that the _ interesting issues raised by this is that the key relationship for britain _ that the key relationship for britain is actually not america, it is with— britain is actually not america, it is with france, and it is disastrous at the _ is with france, and it is disastrous at the moment for the relationship, but this— at the moment for the relationship, but this is— at the moment for the relationship, but this is the geographical neighbour to the uk. this is the country— neighbour to the uk. this is the country with many common interests in terms _ country with many common interests in terms of— country with many common interests in terms of security, similar size, economy, — in terms of security, similar size, economy, etc. and yet the

but, you know, the top teams in europe. but, you know. come _ the top teams in europe. but, you know, come here _ the top teams in europe. but, you know, come here in _ the top teams in europe. but, you know, come here in old _ the top teams in europe. but, you know, come here in old trafford, | the top teams in europe. but, you i know, come here in old trafford, our rivals_ know, come here in old trafford, our rivals of— know, come here in old trafford, our rivals of the _ know, come here in old trafford, our rivals of the city and our neighbours and play the way we played — neighbours and play the way we played and it was really good. in played and it was really good. in manchester, the derby mean so much. for one coach, it may yet decide his future, but these were two teams from one city in very different places. joe lynsky, bbc news. city's win closes the gap on chelsea to three points. the leaders were left to rue a number of missed chances — as they were held at home to burnley. the game finished 1—1 at stamford bridge. matej vydra with burnley�*s equali

and europe. markets have understood that since a few weeks already, so i think it is very important in terms of communication for both institutions that they understand very well the different relative situations, and communication will be extremely important for markets. so what will be the difference remains to be seen, but some of the exceptional measures in europe will be terminated in march of next year, so two months from now. but in these three months, a lot can happen. i think we are going to see all these messages in the u.s., and probably, because of the covid infection rate you see now, we will probably get some dovish signals in europe. so financial markets may be quite volatile. guy: we've got a significant cheaper euro. using the ecb will welcome that? you talk about -- do you think the ecb will welcome that? you talk about the end of pepp. i wonder if what we are seeing with covid cases now, if that will mean the reforms to the other programs are more likely to have a dovish tilt t

what do you need to know out of europe this hour? the belarusian president of exec or lukashenko threatening to shut down a key pipeline that moves gas from russia into europe. unsurprisingly, prices rise. u.k. growth data slows and the third quarter, leaving a rate hike for the bank of england a finely balanced this is in this year. the european commission warning that it will actually slow sharply in 2023. in the luxury sector, burberry shares rose sharply. what will the trenchcoat maker's new ceo do to turn things around? we will check out that story a little bit later in the program. it's talk about where we are with the markets. equities bid. we are back to 485. one of the reasons for that is the dollar is also on the front foot. euro-dollar with a $1.14 handle. people are talking about a one dollar 13 since handle sometime soon. alix: the reason why it is funny guy could not prance that, he was given me so much trouble on the brake about not prancing names -- about ms. prancing names -- about mispronouncing names. disney has th

what you europe's strategy be -- what should europe's strategy be? min. blumel: it is a double-edged situation. we have to ensure co2 emissions are going down, which is mainly done by emissions, which means increasing prices on energy. on fossil fuels. to a certain extent, states are driving those costs. on the others, we have to ensure people can afford heating in winter. when i take a look over the european development of energy prices, i can see in some countries like spain or france, there is still a highly regulated energy market of price. in austria it is rising, but it is not a big problem at the moment. what we have done is to implement in our co2 pricing scheme and inflation break, meaning if energy prices are rising over a certain percentage , then we will not implement the full increase of pricing for the next year. also if energy prices are falling, we will increase the co2 pricing. to make sure there is some kind of an inflation break on energy prices. alix: thanks a lot. gernot blumel, austria's finance minister, pleasure to speak with you.

like many countries in europe, the netherlands has seen a sharp rise in covid cases. in austria, a 20—day lockdown will start this monday. people will be asked to work from home and non—essential shops will close. in february, covid vaccinations will become compulsory. what we experience in austria right now is, in my view, an unfortunate collusion of the fact that we have a fairly low vaccination rate in the population and that the waning of immunity an unfortunate collusion of the fact that we have a fairly low vaccination rate in the population and that the waning of immunity hits austria now, six months after we started our vaccination programme, and that is unfortunately right at the beginning of the winter season, where people are moving indoors. in germany, covid cases are also rising sharply. the government is set to introduce restrictions for unvaccinated people in areas where hospital admissions exceed a certain level. as for the prospect of a full lockdown, the german government says nothing has been ruled out. in the uk yesterday, just over a4,000 new

what do you need to know out of europe this hour? european gas prices starting to actually dip as the russian space owned -- the russian state owned energy giant starts to fill storage sites in germany and austria. how much gas are we really going to get? avf announces a big push into the united states. many retailers have tried and failed to crack america. car for -- cara for -- carrefour goes after amazon. hearing europe, equities flat. the cac and the dax in positive territory, but only just. what we are really seeing as well is this a drop in gas prices. we are down circa 6%. some signs at least that we are starting to see russian gas flowing into europe. alix: everyone saying the next few weeks of winter really matter. here in the u.s., s&p still trading a little heavy, down 0.3%. guy pointed out in the last hour that if it did in higher, it would be the ninth straight trading day, and we haven't seen that kind of continued increase since 19 624. in the s&p, we got general electric up by 6%, getting some of that valuation pop. t

it's business news from eastern europe, eurasia. the middle east africa always applies to have been on the show, been a while back. c max less good. all righty. so the natural gas crisis in europe, let's talk about that. everyone has an opinion or an accusation on who's to blame, what's going on? what are your thoughts on us? i. 6 i think the certain there's, there's been a perfect storm and so everybody's been accusing russia, cutting the gas in order to use it as a weapon against specifically ukraine. but the, you, in general, however, most of what's happened with spiky prices can be put down to market force. and it's kind of complicated. i mean, it's one packet. in 2000 times, there was very warm wind. and at the same time, russia was in an argument with a gas transit and so build up massive storage and the price is plummets as a result of that. but then the following year 2021. that when i was extremely cold and it went on in the spring, and so everybody used up their gas and then suddenly realized they hadn't got enough in stor

you're going to find the rule of law with europe. i mean, you want to rebuild europe on the basis of new values. maybe that would be no, no, i don't have such ambitions. i don't want to fight the rule of law. i want to fight the fact that judges have taken hostage the rule of law in order to impose their own ideological view, the lesser. and you're not afraid of the reaction of civil society because in 2017, it was by this civil society that the composition of the parliament was updated by 75 percent less was it? yes, but emanuel my on civil society is not my civil society. i'll explain why this is a question from the field of sociology a manual micron. sociology is the one of big cities metropolises. boys was bohemian society, people who consider globalization a blessing, who are delighted with immigration, his sociology in general, of course, because there are always nuances details. but a manual mccarron sociology is like this. but this is not mine. look at the opinion polls. it's always very interesting to analyze my sociology. i

our europe correspondent bethany belljoins us now from vienna. so, bethany — many people in austria have refused to get vaccinated: what's been the reaction to the news that they now have to get the jab? frustration and anger, i think sums it up. this move to make people have their covid vaccination is very controversial here, austria is the first country in europe to contemplate such a move and the government says it is because the vaccination rate is simply too low. it is estimated that around two thirds of australians are fully vaccinated. the government says that it is constitutional to have a compulsory vaccination, but opposition parties here are really protesting about this. the far right freedom party is organising a demonstration tomorrow. it has campaigned very much on a platform of vaccination scepticism and they say they will continue to fight this on the streets and in the courts. other austrian say it is simply time for everybody to get vaccinated. thank you very much. here the government's latest coronavirus figures for the uk, s

internationally the worst current is in europe and asia. this fall we've seen a demand for natural gas company and crude oil surged across global markets leading to higher electricity prices. this is like to curbs on the electricity use in china come protest in spain and bankruptcies of small power companies and chatting about intensive factors in uk. in time it's been reported coal production was rapidly expanded and in an attempt to meet electricity needs with the new slogan of guarantee to supply. the energy supply crunch and high prices are of concern since global economies are increasingly dependent on a u.s. supplies primarily natural gas and we're not -- insulated as we once were. we see our natural gas prices increased to over five dollars per million btu, the highest level in seven years. that's a fraction of what they are paying in europe but still a big increase for us in the u.s. i understand there are number of factors contributing to this situation but a primary cause in the demand is generally from rapidly recovering economy

a lot of governments in europe and the u.s. have not much leeway to develop measures, creating lockdowns, then affecting dramatically the economic activity. also because of the population now vaccinated much broadly than any time before. they lockdown will probably not be needed. tom: how does a view on rate hikes for 2022 inform your sector bias? is it in the mix when you look at higher rates? what do you do with technology? >> i would say two points. as you know, diversification is key. this is why you like to adopt a balanced approach within markets. i liquidity or -- to create a balanced approach. due to the risks and uncertainties, we have around us, including covid. diversification. second, due to the inflationary pressure, increasing the production costs. one of the key themes we save for this year, and probably in the next future, is pricing power. companies aiding pricing power are able to reflect on sets, rising into the setting prices. in that case, they will protect at a high level as we are in the corporate margins

but europe is always what really matters. europe is at the center of it. and we have this long, expensive, bipartisan effort -- long twilight struggles as john f. kennedy calls it. and we win. and now 34 years later europe and the united states are drifting apart. we have a president over there now, talking about coming together on climate change. forgive me, i don't want to become partisan. so, the soviet union would have fallen. we wasted a lot of time and money, the europeans are european, they don't like this artificial. they just clung to us for those decades because we were protecting them against the soviets. and it was all just disappointing. well -- >> i share a lot of the concerns and of course jamie is at the front lines of standing up for transatlantic values and maintaining the atlantic alliance. about the cure values in commitments of european and american people. one great resource for that is that history of working together versus the nazi tyranny and then soviet tyranny. but each generation in some ways needs to re-learn those lessons. be

this afghan family has tried to cross to europe more than 40 times. we have a report from the border between bosnia and croatia. tennis star peng shuai has not been seen since accusing a top chinese leader of sexual assault. the u.s. secretary of state antony blinken is in africa. the bbc presses among u.s. policy towards ethiopia. sharpen your pencil for test that could fun your life. south korean students set for an exam today called the hardest under the world. >> the only thing they can do now is their best. is it their best -- >> welcome to world news america pbs and around the globe. we begin with the latest from the border crossing between poland and belarus. the government of belarus has cleared the migrant camps, removing a major flashpoint, at least for the moment. more than 400 iraqis who were waiting at the border between metaverse and poland were flown back tour rock. this cleared. authorities moved remaining migrants to a nearby warehouse in belarus. there are other routes people use to enter the eu. one of the most popular is three bosn

oscar so far, this is the largest migrant crisis and europe's eastern frontier. this is our t fists fly outside the courtroom and the ongoing trial of teenage shooter, kyle rittenhouse, and the case that's called mainstream media personalities. they're crying racism despite all of the victims being white, we got out story short ah ah ah mm. so what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on offense. very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk with 20 minutes into the program. welcome back. despite the british government making repeated claims, not 8 would get a grip on illegal immigration this year. how seen record numbers of migrants arriving on u. k. soil, within $23.00 and have scrambled ashore after making the perilous english channel crossing. the authorities have now admitted only 5 of them have been sent back to the continent. mapping some difficulties around secure returns, n

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and this is now being abused by autocrats at europe borders. and there are several ways of trying to deal with that. one of it is what denmark and united kingdom are not trying to do which is to, to sort of our source solemn processing. it's very hard, but i think if the whole, if this would be taken up at the u level, than the id to sort of allow people to apply for asylum in the region. and then one that when they get the yes they, they can, they can come to europe. if not, they are, you know, repetitive from europe to, to death, perception center. i mean, that kind of a system could indeed subtle the situation, but you've opened them all about taking it up. your words were taking it up to the level, but come back to you in a moment about that. but before we go that far, i want to bring in the leanna and ask this question. who's winning the game so far? leanna? well, i was heated right now. this is a big issue with lazy and me right now. so we somehow are able to manage it on our own, but we're not seeing, you know, maybe in the future we wil

the country now has that on europe's energy crisis. it says it has the supply to easier it's growing demand. we are already just substantial, if not very serious player in the turkish market in georgia and market in the u. markets of grease italy and bulgaria. but we have huge interest from the side of the others from the eastern european countries from the balkan countries from central european countries. much of its natural gas of fly is exported through what's called the southern gas cory door, which runs from the caspian sea through parts of georgia, turkey and then to europe. as our b, john's production is small compared to big players in the energy game. but with the gas corridor, it is ready to carry other resources like gas from took madison to the you going after a bigger piece of the market. by increasing its energy production other bri, john could bring in more investments and gain political leverage in its regents. but this could also threaten its relationship with russia, a major life, and one of the world's biggest energy