host: you bring up the eu, and the eu is presenting itself as a potential mediator. the prime minister and azerbaijan president, that was the second time at the have been hosted for talks on how to avert future questions. do you believe there were encouraging signs that came at those talks? >> there definitely was. it looked like the two leaders found a certain degree of chemistry and wanted to move ahead with the various agreements after november 2020, in particular an agreement that called for joint infrastructure projects to be developed jointly among azerbaijan, armenia, and russia. then there was the backlash. richard is right that armenia is a vibrant democracy, the prime minister won a resounding victory in june, which helped him consolidate his strength against his opponents, but precisely because armenia is a vibrant democracy there are forces in armenia that some have not quite come to grips with the fact that this military conflict is over, and it is time to move forward as all were and hopefully with a lasting peace. host: what do you think about how effe

but here, speaking of the eu, we have witnessed a very interesting change in the eu's role. what eu used to do before was somehow play the role of mediator, more like a messenger. it is bur -- it has been reduced to the role of messenger. but we're witnessing an increased role of the eu in terms of its own initiatives, like the proposal that we saw. and of course there are a few reasons like the potential for iran to go back to the energy market, and its potential for increasing its oil production if sanctions are removed. also the fact that europeans did not want a new war in europe's close neighborhoods. these actors have contributed to a more active role. and without that, i don't think we could reach the point where we are to moment. laura: on the other side, we have israel looming large, doing what it can to stop the deal. axios reporting a few days ago that the prime minister told the u.s. to walk away from these talks. we know that joe biden is taking his time to respond. is this because of israel's leverage within the u.s.? alex: i say two things about the role of th

serbia supporting the visa for kosovo citizens related to the eu. these are the gestures that should be seen as positive, because they will, and they have the possibility to open many of the -- still in brussels. mohammed: aleksandar, the eu said serbia and kosovo need to normalize elation's if they wish to ultimately join the bloc. if the eu were to eventually accept them as member states, is that something that would diffuse these tensions at all? aleksandar: that is a really good question. here is the thing. for serbia to enter the eu, it has to recognize independence of kosovo. the 35th chapter of the current eu negotiations states exactly that. it is absolutely clear. it has become absolutely clear over the years that the only way for suburbia to become if -- for serbia to become a full-fledged member state is to recognize kosovo. now, with that recognition will look like in practice is a different thing. obviously, there might be a little bit of room to maneuver there. but i do not see serbia entering the eu without actually resolving this in

the eu is really the last thing — minister with the eu is really the last thing we need. but liz truss has been — last thing we need. but liz truss has been quite strong on this rhetoric— has been quite strong on this rhetoric with the eu since 2019, really — really. so it's not new reauy. — so it's not new from her, but i'm not convinced she'll do it. that's it for the papers this hour. sebastian and claire will be back again at 11.30pm for a second look at the front pages. but it's goodbye for now. good evening, i'm tulsen tollett, and this is your sports news — where we start with cricket, and england trail by 40 runs after the opening day of the second test against south africa at old trafford. the tourists won the toss and chose to bat, and england's veteran bowlers made the most of it — asjoe wilson reports. who put the old in old trafford? well, certainly not him, he'll never end. james anderson is a sprightly 40. edge of bat, catch and another batter baffled. that's the way he does it, playing here in his 100th test match on home soil. and that's uniqu

.— the war, part partly because of leaving the eu. yasmin, one thing about the price _ leaving the eu. yasmin, one thing about the price cap _ leaving the eu. yasmin, one thing about the price cap is _ leaving the eu. yasmin, one thing about the price cap is if _ leaving the eu. yasmin, one thing about the price cap is if it - leaving the eu. yasmin, one thing about the price cap is if it goes - leaving the eu. yasmin, one thing about the price cap is if it goes up| about the price cap is if it goes up quickly, it could come down quickly. some reassurance there. hat quickly, it could come down quickly. some reassurance there. not really. i feel like some reassurance there. not really. i feel like i'm _ some reassurance there. not really. i feel like i'm about _ some reassurance there. not really. i feel like i'm about to _ some reassurance there. not really. i feel like i'm about to announce - some reassurance there. not really. i feel like i'm about to announce a l i feel like i'm about to announce a big revolution and i wish i could

uru-eu-wau-wau indigenous land in brazil. he is coordinator of the association since 2020, works with the young citizens of the amazon blog. bitate, welcome to democracy now! and welcome to the united states. >> thank you very much for having me. amy: so you have been chosen by the elders of your community to be the leader. how old are you? >> i was chosen by the elders of my people. i am now 22 years old. in june i turned 22. but i began from a young age taking on major responsibility when i was 19 years old. now i am on the front lines fighng for my people. amy: talk about what that means, fighting for your people on the front lines. talk about what you're fighting for. >> well i think we're fighting for the rights of indigenous peoples in brazil because we have seen several setbacks and this is leading us to be able to stand up for our rights. these rights are being taken apart. we are losing our rights. and more in the territories occupied by indigenous peoples. amy: i just watched "the territory," this new film about you

the eu does win military missions. all of them are in the countries of origin where those trips are being traded. the checked defense ministry sent us a statement afterwards saying that even if there is a possibility of such a mission existing in the future, for the discussions involving any specific involvement of the czech republic would be needed. although the idea is going up, it looks like this training mission is some way off. >> what about the idea of visa restrictions for russian travelers who want to come into the european union? >> this is the double whammy of the meetings. we are talking about the training mission and other foreign ministers are in prague to discuss this visa issue. denmark and finland want and all right been on fees as being issued to russian tourists but there is a lot of opposition to this. specifically, france and germany , they circulated a paper ahead of the meeting saying it would be counterproductive to restrict this sort of portal for russians coming into the european union, that it

and when the uk was in the eu, it outshone — eu. and when the uk was in the eu, it outshone all other countries. so there's a _ it outshone all other countries. so there's a connection between what is going _ there's a connection between what is going on— there's a connection between what is going on with this situation come up with their— going on with this situation come up with their session and all that, and the decision, in my view, that was badiy— the decision, in my view, that was tradty taken— the decision, in my view, that was badly taken —— with the recession. peopte _ badly taken —— with the recession. peopte witt— badly taken —— with the recession. people will ask why we have two people _ people will ask why we have two people standing for leadership not addressing those core questions? | addressing those core questions? suppose addressing those core questions? i suppose the other point is, given the government's messaging in parliament has been about levelling up parliament has been about levelling

tech countries want to eu response but say if they don't have an eu response they will go ahead unilaterally and introduce their own bands. i think the comments yesterday from the head eu top diplomat, he said he was opposed to it. that's very significant. and that kind of tells us where the wind is blowing in terms of the use position on this.— is blowing in terms of the use position on this. thank you very much. germany is scrambling to save energy after russia cut its supply of gas, and that's re—opened an old and controversial debate. most of the country's motorways famously have no speed limit but some experts say slowing drivers down could save energy. however — the idea of closing off the fast lane is proving controversial — asjenny hill reports. it's practically a national pastime. indulging a passion for speed. even if it's in miniature. but as germany hurtles towards winter in energy crisis looms and calls for a speed limit on its motorways are gaining traction. ih limit on its motorways are gaining traction. j ,, j ., , �* traction. in translation: it doesn't make any se

the eu is vulnerable in the coming four to eight months. after that, it is russia that is honorable because the gas it used to sell has nowhere else to go. the eu faces a short-term issue, but if we get through that, i think the real problem is russia's. mohammed: nick, to follow up, how likely is it from your perspective we are going to see germany and the eu, as the other countries relying on energy rationing going forward? >> i think it is a very real possibility. i think they are all trying to avoid it as much as possible. but i think what we see, particularly in germany and austria, is that the government is preparing for some rationing to hit the industry. that is possible. what we are already seeing is that governments across europe are instructing people in charge of public buildings to not cool them beyond 26 degrees in the summer, not heat them beyond 20 in the winter. mohammed: it looked like you had a point you wanted to make. >> the main points here is the rationing of natural gas. it is not so much coping with electricity prod

malta is the only eu country with aj is the only eu country with a total ban, but a review has been announced after an american tourist, andrea, was evacuated to spain to terminate an unviable pregnancy. it put this place under the spotlight. the strict rules that don't always match the reality. despite multi—�*s ban on abortion, women do still manage to get them. whether that is by travelling abroad or by, increasingly, order — that ordering pills online. we will meet a woman that last year. she was beat was anomalously because she broke the law. t because she broke the law. i was scared, i was googling because she broke the law. t was scared, i was googling this from the bathroom on my phone. maria, not her real name, found help from an organisation outside malta where a doctor reviewed her case. you obviously ordered these pills online, have them arrive at your house, but you knew that what you are doing was... illegal. that what you are doing was... illeaal. ., ., , ., that what you are doing was... illetal ., ., , ., that what you are doing was... illegal-_ i i illegal. how does th

and eu's emergency intervention. european leaders about to come up with a plan to fight record power crisis. we will speak to the parliament environment committee chair and germany's transport minister. i am alix steel with my cohost anna edwards. guy johnson is off. you are going to sell equities and bonds. i wonder how much do you expect the trade has. anna: absolutely. if you went into jackson hole and you have not been watching bloomberg tv, expect to see something dovish. otherwise, not sure, but there was a reiteration of the hawkish line. we will monitor the aftermath of the fallout from jackson hole. on the subject of energy, that is very much a talking point. i see a headline from the belgian prime minister. we will no doubt return to that later on. we are heading very much in that direction. that sucks about jackson hole in the aftermath.--let's talk about jackson hole and the aftermath. inflation hitting multi-decade highs. here is commentary from central bankers in wyoming. >> the federal open market comm

— france and the eu care? as you mentioned. _ france and the eu care? as you mentioned, really _ france and the eu care? as you mentioned, really precisely, . france and the eu care? as you| mentioned, really precisely, the channel is just between england and the european union. what i'm concerned about is that this is lowering the quality of the waters of the channel. it is notjust stay along the english coast, it spreads all over the channel. in the long term, or maybe not in the long term, it might be the short term, this will affect the quality of the water, and so there is the possibility for fishermen to do their activity, for shellfish farmers to be able to have quality products, this is for the entire environment of the channel being threatened, which is not acceptable. some say the vast majority of the water being pumped out is just rain water, so we are talking about relatively small amounts in a relatively small amounts in a relatively big channel water. are you seriously thinking that there will be serious damage done? i am really seriously

it is clear the eu will do what it can, which is always the same, giving money. that is one of the specialties of the europeans. but you have to look at the other side of the ukraine situation. it has created momentum in europe as compared to 30 years ago, where the europeans did virtually nothing during the first two years of the war in yugoslavia. the europeans have said they would put sanctions in place. seven times so far that these have the strong embargo on all things russian. and it costs dearly to the europeans and their economy, and still they are on this united front, even though we know there is dissension between them, especially with some countries in central europe. but the europeans have attained this geopolitical status we are looking for, and they are going to support the ukraine and step up their military aid towards ukraine. germany announced a half a billion euros in military aid. europe seems to want to support ukraine throughout this conflict. >> our correspondent who joined us earlier from brussels. a russian gas field partly owned by tou t

altogether, cost-of-living and ukraine, and eu support? this'll be a “0 ul ukraine, and eu support? this'll be a joyful headline — ukraine, and eu support? this'll be a joyful headline for— ukraine, and eu support? this'll be a joyful headline for her, _ ukraine, and eu support? this'll be a joyful headline for her, i - ukraine, and eu support? this'll be a joyful headline for her, i assume, j a joyful headline for her, i assume, the man, and it is a lot of men, in the man, and it is a lot of men, in the kremlin, they'll be enjoying the daily telegraph this morning one suspects, or tomorrow morning. and you know that this fatigue about the war, and how will we continue to support ukraine, is a real worry. there is an eu official quoted in this story saying it's a day—to—day battle to keep europe together, the euro zone together on this subject. but we shall see how long it lasts — it's very interesting, six months after the war started, or after the invasion took place, which is tomorrow, there are some of the military chiefs saying that the next stage of the war will be a

the eu ties to pressboard with this. germany warning not to punish ordinary russians for vladimir putin past invasion of ukraine. fears grow of waterboard infection in pakistan. the waters are starting to receive, millions in need of the basics such as sanitation to stay safe. 100 is the million-dollar appeal has been launched -- a 160 million dollar repeal has been launchedc -- launched. this is life in paris. >> rafael corsi says he and the iea team have access to the nuclear power plant on thursday. the yuan watchdog is near the site. the safety remains under question because of the war original writer. it is currently occupied by russian sword -- russian soldiers. artillery and rocket fire is landing nearby. >> after weeks of diplomatic and logistical raveling, a teen of -- team of experts has finally made it. the southern ukrainian city is home to europe's largest nuclear power plant. the main fear is a nuclear exxon that will compound an already disastrous conflict, avoiding an incident at the plant is what the tea

it is part of a wider eu plan to boost energy security while also meeting climate targets. ahead of today's meeting, denmark's prime minister said that russia was not invasion of ukraine had changed the security situation and that energy had become a political weapon. it follows on from a similar summit weapon. it follows on from a similarsummit held in weapon. it follows on from a similar summit held in may on the west coast where leaders from denmark, germany, belgium and the netherlands promised a huge ramping up of offshore wind energy in the north sea. europe has relied heavily on russian energy with germany and italy the biggest importers. last year, 40% of the eu's gas and 27% of its oil came from there, and earned 400 billion euros. in march, the eu unveiled a pathway for weaning itself off russian fossil fuels and a big part of that is shifting to green energy, as well as securing suppliers in other countries and bring in more energy saving measures. other efforts are under way. a new pipeline carrying natural gas from norway is in its final stages and is expected

earlier this year is that we reported the eu were considering some kind of option. by putting caps on gas prices. that is if russia significantly cuts off their oil and gas. a squeeze on gas deliveries and powerpoint outages have further stopped supply. he got winter coming on, and the pressure on to do something quickly. haidi: bloomberg su keenan there. they will meet with secretary jan jan to talk about a joint solution to the cost-of-living crisis. measures are coming to curb soaring energy bills. >> you can use energy, especially gas as a way of getting back at the british people, and germany. through the use of gas supply. that is something -- we after remain vigilant. ukrainian people are facing a tough time, an illegal invasion of their country, so we have to make sure that back home in the u.k., people have the help they need. at the moment, with 30 million pounds we have put to help people, everybody will get 400 pounds off their energy bill from october to december. that is how to the increase that is come through through the energy price cap. we need mor

the eu is coming out saying we have to see a treaty. other negotiation groups like the pacific small island groups and the year. ultimately governments don't want to be sending delegations to new york year in year out to debate the future of half our planet. they want results. but it is very disappointing not to see ministers from most countries here. that would really send the signal this is a political priority. so if in the first few days we're seeing these talks are replicating the same cumbersome bureaucratic processes as before then absolutely we're going to be writing to ministers around the world saying, you have to get here now. you'd have to make your voice heard now. it is not easy. 165 countries agreeining on anything is not easy. but we believe we have all laid the groundwork for years and governments are ready to agree that they want this. laura: will you find it is watered grant -- watered down? greenpeace university of new york released a study in 2019 on how oceans could be protected by 2030. the areas in orange show th

mark: she added the eu is looking at a structural reform of the market. singapore is taking steps to attract foreign workers to ease the tight labor market. new rules will allow foreigners earning at least $21,000 a month to get a five-year visa. exceptional candidates in sports, science and academia who don't meet the salary criteria are also eligible for singapore's long-term visa. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. >> an update on the markets pin the s&p 500 down .1%. the futures were down this morning over 1%. now look at the crisis period much going on. you look at the two year yield, it is only moving marginally. 10 year yield is where you see more action, looking at 3.1% on the 10 year yield. as yields go higher, you see that dollar following. it was higher earlier in the session. jon: looking within the s&p 500 to your point, close to a flat day. the price of oil moving

in a situation on an eu wide scale you be talking about a mass intervention with a lot of eu subsidy that would have to go into this potentially from national governments as well. bearin from national governments as well. bear in mind you've also got match any markets, it is interconnected it but you're talking about different markets which play into one another. so a solution like this isn't really necessarily viable in the long term. but you are talking about billions per year every year down but like that you're going to do this. fit that you're going to do this. of heard me playing that clip saying we need to get off russian fossil fuel. they've know that for a wild, certainly since the start of this war for a certainly since the start of this warfor a wild, certainly certainly since the start of this war for a wild, certainly since the start of this? it’s war for a wild, certainly since the start of this?— war for a wild, certainly since the start of this? it's not 'ust russian fossil fuels * start of this? it's not 'ust russian fossil fuels that i start of this? it's not '

the nhs in england is increasingly reliant on doctors and nurses recruited from outside the uk and eu, analysis by the bbc has found. hello. if you havejustjoined us, a warm welcome to bbc news. china is halting cooperation with the us in several key areas, including climate change, military talks and efforts to combat international crime. the new measures follow a trip to taiwan by senior democrat nancy pelosi. china views the visit as a challenge to its claims of sovereignty over the island. taiwan's foreign minister, joseph wu, has defended ms pelosi's visit and said that taiwan would continue to invite democratic politicians from around the world. our correspondent rupert wingfield—hayes sent this report from taipei. for the second day in a row, china has continued its military intimidation of taiwan. at least 68 chinese fighterjets are reported to have crossed into taiwanese controlled airspace. this video broadcast on chinese television this evening shows just how close some of them came to the taiwanese coast. in the background, those are the mountains of central taiwan. chin

stephen: right now iran has responded to the eu comments and they are waiting for the eu to get back to them to respond to that response, according to local reports. we've had the iranian foreign minister mentioned they would be able to make some sort of deal or revive the nuclear deal from 2015 with the u.s. if they were able to come to an agreement in the next few days. there is a bigger mood now in the room that this could become reality. these discussions have gone on for months and been derailed multiple times but it is looking like there is a higher possibility of this deal being revived to allow iran to bring more oil to the market, help stabilize things, which will of course bring more downward pressure to wti and brent prices. dani: stephen, thank you very much. let's stay on the energy story. joining us is nadia martin wiggin. i kind of want to join the stories together. one, record high power prices in europe, the high relenting lehigh in europe. oil has started to move lower. if were looking at $375 equivalent in natural gas, is it right that we are seeing oil prices move

just briefly, what has been the response from eu members? in general, the response was positive. certainly there was a lot of questions because we are in a new area. the world is changing, there are a lot of questions that have been put, there are countries that have already put into place some legislation which partly fits with my proposal some do not fit so much. so we are now in the state in the process of having this debate between member states but generally i think there is awareness that we cannotjust leave this new economy, this new business modeljust aside. and not bring them into a framework with some rules. for social reasons but also the competition rules. why should a platform be treated absently differently from a normal business, a normal shop, a normal restaurant. i think there has to be fair competition conditions also in the area. is the era of the standard job is that guns are ever? is the era of the standard job is that gone forever? i do not believe that it is the end of the standard job. this is a new challenge because we have to help people to navigate into

and when the uk was in the eu, it outshone all other countries. so there's a connection between what is going on with this situation come up with the recession and all that, and the decision, in my view, that was badly taken. people will ask why we have two people standing for leadership not addressing those core questions? i suppose the other point is, given the government's messaging in parliament has been about levelling up the country, it doesn't sit well with that succulent absolutely not, and if there's a problem with differential payment, as there is in london, there's something called the london wager you get an extra allowance if you have to pay more for. but the diead you can figure out that in bolton, you can pay people less then you can in birmingham — as mark says, they're working for the state, it's preposterous. what happens when they move or get promoted? but it's also the kind of triviality of it that bothers me. this country seems to be staring over a cliff, and neither of them frankly seem to have very much to say about the ve

visas for russian citizens wanting to enter the eu. let me just be clear about your position — are you now, in latvia, giving no visas to russians, allowing no russians to enter latvia? since 2a february, we stopped issuing all tourist visas to russian citizens, and we only issue on an exceptional basis, i think what you call humanitarian visas. there are some who have received that permit, but the general rule is no visas. the german chancellor scholz says that's a fundamental mistake. he says, "this is not a war on the russian people. it is putin's war. it is important for us to understand there are a lot of people fleeing from russia because they fundamentally disagree with the russian regime." you really want to lock them out of getting a safe haven in latvia ? once again, it's important to distinguish a tourist visa from a humanitarian visa. we are accepting, on an exceptional basis, russian citizens who are indeed fleeing the putin regime. we have, in latvia, we're actually hosting many news services, russian edition, including

but what is new is that now we are part of the eu and part of the nato military alliance. we are not alone. yeah. i mean, you're ramping up defence spending. you currently have an army and national guard force of some 7,500 personnel. even if you ramp it up to 10,000 or12,000, it's going to look pretty small given that the russian bear is right next door. you are incredibly dependent, are you not, on nato putting new forces onto your territory? first off, our total military forces are actually larger when you take in the national guard. but regardless of that, again, latvia is not alone. first of all, you have to look at all three baltic countries together, and then you have to look at the baltic countries as part of the nato alliance. we have an enhanced forward presence of nato here for the past five years, and our nato partners, just as we are ramping up our defence spending and our capabilities, our nato partners are doing the same. so we are all interdependent upon one another. but we are investing, you know, pound for pound, the equivalent or more than most of our pa

it's part of a wider eu plan to boost energy security whilst also meeting climate targets. ahead of today's meeting, denmark's prime minister, frederiksen said that russia's invasion of ukraine had changed the security situation and that energy had become a political weapon. it follows on from a similar summit held in may on denmark's west coast, where leaders from denmark, germany, belgium and the netherlands promised a huge ramping up of offshore wind energy in the north sea. europe has relied heavily on russian energy with germany and italy, the biggest importers. last year, 40% of the eu's gas and 27% of its oil came from there and it earned 400 euros billion in return. in march, the eu unveiled a pathway for weaning itself off russian fossilfuels, and a big part of that is shifting to green energy, as well as securing supplies from other countries and bringing in more energy—saving measures. 0ther efforts are under way. a new pipeline carrying natural gas from norway, across denmark to poland is in its final stages and is expected to turn the taps on this october. ho

the eu leaders plan with confidence for the power market. what details next. this is bloomberg. ♪ tom: welcome back to the open. we are 23 minutes into european trading day. futures in the u.s. up by 0.5%. the european union is preparing to step into its energy markets. commission president ursula von der leyen says short-term intervention will dampen shoring -- soaring power costs. >> we are going to have to reform the electricity market. gas dominates the price of the electricity market. there are different sources of energy, but gas dominates and the markets will pay. that is what has been for a long time. they're going to have to decouple. tom: for more, we are joined by bloomberg's energy reporter. the eu is building up its gas storage sites ahead of the planned target that it had in the past. could we see a sustained calming in the energy markets? reporter: this is what we have been wishing for, but this is temporarily this is good news that european countries are being able to collect storage of gas reserves, so europe now has gas storage ahead of its

there's been a response by iran to the eu, they submitted that on bloomberg because said that the eu thought it was constructive. they are still looking at it. it was the first positive statement out of the eu that showed the arabian response was not a dealbreaker. there is no deal yet. it will take time to bring something together. it will probably -- you will see ran suddenly flooding the market with oil. but the sentiment will definitely change. while it might not physically change the amount of oil on the markets, traders could read this as a positive step. if you could see oil prices ease a lot. with the u.s. benchmark for oil trading on a six month low. you could see that fall further if there is more of a concrete step toward getting uranium one deal out there and he ran adding oil to the market in the future. -- and he ran -- bonnie: japan reported its 12 straight month of deficits. $10.7 billion in july. higher import bills, especially in energy and food make cool. exports continue to recover, they compare it to the u.s. and china. ukraine says it is beginning a series of at

denmark decided recently to join the eu's common security and defense policy. highlighting his holistic approach to strengthening european security. as we look towards the crucial months ahead of us, i look forward to hearing the minister of defense's perspective on the inflection point for the war in ukraine. next steps for the pencil and community, as well as the danish response to a changing security order, especially in the nordic, baltic neighborhood. to moderate today's discussion we are delighted to welcome back vivian, national security reporter for the wall street journal. to our audience, thank you for joining us from all over the world to support the discussion. we are broadcasting live on zoom as well as the website and across our social media platforms. i encourage all of you watching to join the conversation on social media and share any questions you may have using the #atacfrontpage. he has served as the danish minister since february of this year and is also the minister of taxation and a minister of justice. as a former chairman of the committ

when the eu declined to grant georgia candidate status, shame didn't blame brussels. they blamed their own government. the protestors accuse tbilisi of doing too little and appeasing russia. but politicians are striking back. >> these people want our country to drown in mass protests and turmoil and for it all to end in a war with russia. that's their plan, but we're not going to let it happen. >> their propaganda machine is also working very well, and if you look further, everyone can notice that it is so similar to russian propaganda. >> many people here think russian president putin will not stop with ukraine. they fear he may target georgia, because it was once part of the soviet union. and putin may be trying to restore russia's former glory. >> the only country that's been hindering georgia's development, destroying georgia's culture, destroying georgian tradition, georgian religion, the only country is russia. >> mariam and her cohort say that's exactly why the eu should have sent a message to russia and granted georgia candidate status. they were deeply disapp

charlotte: the eu is certainly leading the way with taxonomy. that is helping define what exactly a green product looks like. and what green activity is. that can be helpful for the bond market. the thing we have to remember is that this is global market. what the eu defines a screen may not be what china or the u.s. or u.k. defines is green. there are these issues around carbonization globally. francine: when you say clients are not deep prioritizing, they're just not buying as much, is there performance issue with how some of these credit markets of work? charlotte: on the equity side, there is evidence that esg funds have fallen slightly. on the bright side we are not seeing that. on the m side, our research suggests they have outperformed this year. through much of the concerns, -- francine: who will issue green bonds going forward? i worry about companies may be losing the focus because of inflation. charlotte: the green bond market is becoming more and more coming to the market. i think what is exciting in this market, it is becoming an im

two months ago, the eu announced a ban on maritime insurance of vessels carrying russian oil. it was expected to be a co—ordinated effort with the british government. but now the plan to shut moscow out of the vital lloyd's of london maritime insurance market has been delayed. joining me now is marc 0stwald — chief economist and global strategist at adm isi. not surprising to hear this is being done given the situation with inflation and what it means for provision of energy in europe? it means for provision of energy in emma?— in europe? it is multi aspect the first thing _ in europe? it is multi aspect the first thing is _ in europe? it is multi aspect the first thing is the - in europe? it is multi aspect| the first thing is the pressure on oil and gas and gas prices, secondly, it is about co—ordinating measures here, and also the realisation that if the eu basically they ban imports of russian oil, is this going to impact worldwide and the problem is probably not. 0r the problem is probably not. or we will get is displacement, instead of being shipped to europe or

they have comforted by news of the french and calls in italy that they will respect eu budget rules. at the same time, we will see how they react with the elections. that could be toward the end of september which could spread and widening which could put a lid on the euro. >> and we have a big week coming up in the uk bank of england may go for the 50 basis point hike. what does that do to the pound ser versus the dollar and euro as well >> i think 50 basis points are now in the price what will matter is how markets see future rate hikes with the bank of england. excluding something from the fed and eu did switching to a meeting by meeting and fully data dependent approach we don't expect too much volatility for the pound we think it will be up to the upcoming data where the pound will go. when it comes to cable, we could see a return to 120 or 121 for now with the dollar regaining momentum the week after. it euro/sterling, 84 is the line in the coming weeks. >> excellent thank you for those targets. we will watch that closely strategist from ing. >>> and turning to earnings. hsbc l

when the eu declined to grant georgia candidate status, shame didn't blame brussels. they blamed their own government. the protestors accuse tbilisi of doing too little and appeasing russia. but politicians are striking back. >> these people want our country to drown in mass protests and turmoil and for it all to end in a war with russia. that's their plan, but we're not going to let it happen. >> their propaganda machine is also working very well, and if you look further, everyone can notice that it is so similar to russian propaganda. >> many people here think russian president putin will not stop with ukraine. they fear he may target georgia, because it was once part of the soviet union. and putin may be trying to restore russia's former glory. >> the only country that's been hindering georgia's development, destroying georgia's culture, destroying georgian tradition, georgian religion, the only country is russia. >> mariam and her cohort say that's exactly why the eu should have sent a message to russia and granted georgia candidate status. they were deeply disapp

they are looking at the eu level. they have been sitting down with partners. they have told their partners basically a price cap which has been proposed, counseled by span, -- by spain, is not the most efficient measure. they are looking at some kind of move that would hack the profit. they are basically taking a little bit away the profit, for example, some kind of renewable companies are taking at the moment because of high gas prices. and then pass it on later for example for the transformation. really the discussion is ongoing and they are going to discuss this later on with you partners at the special energy council. dani: the impact across germany is clear. we had preliminary cpi numbers in germany hitting 8.8% which probably do not reflect the worst of rising energy prices. what is germany currently doing to cope with impacts, the fallout from the higher prices? >> well, they are already discussing. today and yesterday, compensation measures. basically the fuel tax reduction is going to run out. obviously the consumers'heavily affected by this. the gove

the european drought observatory -- 17% of the eu. the european drought observatory says severe drought is affecting several regions, worsening. here is a senior researcher. >> when compared to one of the most extreme droughts episodes that affected europe in 2018, i think this year, the combination of heat waves and drought that is more extreme than the event in 2018. just to give you a number, the event in 2018 was unprecedented looking back to the last 500 years. lewis: if that forecast is accurate, europe is on course for its biggest drop in 500 years. the rhine has drained to new lows. soon it may be too low for barges to pass through. that is also happeningn spain. scientists say parts of the country are at their driest and more than 1000 years. and this is france. more than 100 of its local areas have no running drinking water. the country's worst drought on record. here is our correspondent. >> it is pretty hot today. temperatures aower than the height of the previous heatwave but still above 35 degrees acro much of france. th

spain producing the most in the eu. but perhaps with our climate heating, this country can just no longer afford to be the garden of europe. with parts of spain the driest in 1200 years, this dystopian vision of a once bountiful and is a glimpse into our future. mark lowen, bbc news, andalusia. time for all the latest sports news. hello, i'm gavin ramjaun and this is your update from the bbc sport centre. to the english premier league first, and harry kane helped tottenham keep the pressure on at the top. the england captain scored both in a 2—0 win at nottingham forest. he also had a penalty saved, so it could have been a hat—trick. kane did pass the 200 league goal mark, though. spurs are still unbeaten and lie third, behind only manchester city and leaders arsenal. it was a really intense game. a lot of noise around the pitch. for sure, lot of noise around the pitch. forsure, i lot of noise around the pitch. for sure, i understand for the players, especially for the opponent, to play here is not easy. it is not e

well, i think what. one cannot take away from the eu our own thing. well, i think what - one cannot take away from the eu is, once they start... they're taking this thing very seriously. it's a crisis pitting a lot of countries, partially because of the ukraine war, but also the situation globally is pretty bad. but i think what they will be able to do is strength in numbers, and whatever plans they put into place and push, i think germany has art he started the process of weaning off dependency on russia. i think they will probably go ahead and come up with a very competent plan sooner than we can because, partly, we're in the middle of this election and a leadership crisis. until all that sort itself out and things settle down, we're in a very unsettled place of the moment. there's a picture in the front of there's a picture in the front of the guardian, pakistan flooding hit the third of the country. the pictures that we've seen, that hotel falling into the river, 33 million people affected, iioo already dead and more to come. it'sjust unbelievable

the european commission is the executive arm of the eu. let's check the two week chart of natural gas, it's an odd looking chart because prices soared last week. we are down in the prior session and down again in terms of the benchmark for european natural gas. it's intact with the announcement that they are trying to do something, the bloomberg shows the urgency the eu is faced with, electricity prices are soaring tenfold driven by the rise in natural gas. the eu believes it has a lot to do with speculation and concern that things can get worse. haidi: tell us what we know about the planned intervention. su: it's all about the nord stream 1 pipeline. the black coming out of russia and going into germany and the rest of european nation. announcing various maintenance phases, the fear in europe is there will be a cut off which would be catastrophic for the european nations. stepping up the movement. making these countries less dependent. this is on the forefront in europe and president biden's white house is watching closely. we're getting