course that starts this weekend in london's royal academy but so much more is that as the london financial times the said it is quote a symphonic store of a shop. in the beginning we are very small tiny bodies in a huge wold you could almost stumble into the sculpture of the only 16 year old daughter the opening act of antony gormley show at the royal academy this massive show should not be seen as a retrospective of the 69 year old assistances it's a kind of look at archery for experimentation and. it's about engaging with the total physical experience of moving through 12 rooms each of which is inviting you to be in that room. with those works in a very particular way the exhibition spans 40 years of artistic creation gormley found his subject early on the body in space the artist who was a fan of buddhist meditation has remained faithful to it ever since may take different form at those basic ideas about scale of space. the darkness of the inside of. the roads natural processes they're all there in the work that he was making at school. antony gormley became famous with his sculptures by pop

financial times. i wanted to get to talk about this because we call you a veteran of the city. wanted to stop working in the financial market in londonago and the london stock exchange is having to fight this ta keover exchange is having to fight this takeover coming from hong kong. let's go back to 2004 one i think ca ra let's go back to 2004 one i think cara became the chief executive. the london stock exchange was a mess. the share price was £5. by the time she finished her tender, it was £20. before the financial crisis, she rejected all bids. i remember. the middle east, the new york stock exchange, then it went back to £5, the credit crisis. what a job. he took it up to 50 quid. he was unpopular. the technology is brilliant recently preventative. unpopular. the technology is brilliant recently preve ntative.m is quite new, they're very keen, the lack that system. that makes it the real deal. excuse me, iwant lack that system. that makes it the real deal. excuse me, i want them to be the predator. i don't want to surrender to anyone. but how do you think this will play out there? goodbye. i'm going to say no? goodbye, there shou

alongside an image of the prime minister with his hand in the air whilst visiting a london primary school. the financial timesds with the news that donald trump has fired john bolton as his national security adviser after months of tension over iran and north korea. the metro features comments made by sir geoffrey boycott — who was made a knight in theresa may's resignation honours list. the former england cricketer hit back after concerns were raised over his domestic violence record. an image of the woman who mr boycott was convicted of assaulting — is on the front of the daily mail. the paper leads with what they call labour's plot to take britain back to the 19705 — with plans to boost union powers. and the guardian has calls from retailers and unions for urgent government action to help struggling high streets as store closures soar. they also have an image of four former british prime ministers attending a memorial service for the former lib dem leader, paddy ashdown. that was just a little taster of the front pages we have got in. we will start for the big question. if you could solve this, on the fron

news in non-official trading here in germany it suspended in london the share was trading at one point under one cent. a painful time financially to be sure but clifford turning to now thomas cook's biggest shareholder is follow suit and what role does this chinese company play in all of this well. it was supposed to be thomas cook's corporate savior that was the idea instead it's been put into this rather difficult position but it's run by gwar guangcheng who's one of china's richest people he's a billionaire who sees himself as the warren buffett type of figure he's known in the u.k. maybe for best known for owning wolverhampton wanderers the ball club and quite a flashy figure and we have here then what looks like a clash of business cultures in a way you have this chinese new money coming in to rescue the oldest tour operator in the world and coming up against a more traditional institutional investments wall with the banks who have appeared to have stopped this deal have been going through yes indeed it hasn't appeared to have worked but have we heard any reaction from them at all well it's been interesting they said in a

next, the financial times takes a look at hong kong's £30 billion bid for the london stock exchange.reparing to rebuff the takeover bid. buzzfeed has the details on president trump's plans to tackle the rise of e—cigarettes in the us, by removing non—tobacco vape flavors from the market. the daily mail focuses on the rates

financial hub? and in terms of timing, now is perfect because the london stock exchange will acquire affinity of andwould have gone through, the resulting entity would have been too big for the hong kong stock exchange to be acquired. and the currency exchange, the pound being undervalued at the moment, but tell us about the regulatory hurdles stop you said earlier it's unlikely a chinese entity will be be able to buy into the london stock exchange but we've heard other regulatory hurdles in the past where courtiers have sought out the london stock exchange. giving up such an important financial entity in your country to a foreign entity is obviously extremely difficult. regulators will probably not want to be seen as giving the green light to such a deal, especially in an environment where uk politics is very probably a bit dizzy thinking about brexit, so nobody wants to ta ke about brexit, so nobody wants to take the headache on themselves and be seen to be giving the green light to this deal. in other business news: british airways has started e—mailing passengers to cancel flights to weeks ahead

london stock exchange is reportedly poised to reject a £32bn takeover approach by its hong kong based equivalent. the financial timesse concerns among regulators in the united states. remember this character? angry birds, the video game which shot to prominence almost a decade ago...can you believe it? the finnish company behind it — rovio entertainment — has reported some disappointing figures, blaming lower than expected revenues from brand licencing and older games. but it said that its newer games — including dream blast and sugar blast — are performing well. now it's time for a look at the weather with lucy martin. hello, and eddie of the weather across the uk. this area of low pressure contains the remnants of tropical storm gabrielle and it is bringing better conditions and some windy weather on this cold front as it slips south and east. i had of it, a fairly humid day. the committee are gradually being pushed south and east as we move through the day. brighter skies are starting to fit into parts of northern ireland and scotland and risk of showers in the north author. cloud and patch epics of rain feeding

time for both kong and the u.k. with fears breaks it could weaken at london's financial sector. and the british capital is hosting europe's biggest weapons and security trade fair one of the main themes this year is how unmanned aircraft or new avi's are adapting to modern warfare and the babycakes a look at some of the technology on display. one phrase you hear a lot at this is d.s.c. eye is the unmanned revolution and one firm l 3 hour is showing off what they calling a sense for an unmanned platform can you just explain what you mean by the unmanned platform and what exactly this technology allows you to do what you're trying to do with a non-man platform is to get information from then on man platform this is an example of an electro optical infrared sensor basically gives you very high resolution pictures either or either a photographer you or through pete so you can use it at night and be able to have it real time intelligence you can give your commanders on the battlefield make decisions faster make better decisions and where are these images coming from and these images

london status as a financial sector after brexit. we'll be discussing the move i know that every single time that i suit up, there is a chance that's the last time. 300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. cancer treatment centers of america. (danny) after a long day of hard work... ...you have to do more work? (vo

argument they're still fighting to maintain their status as big-time financial centers, with protests happening of course in hong kong, london dealing with brexit. what is your take on this proposal? >> these are publicly-traded companies. they have obligations to shareholders. there is consolidation going on. we 20 plus, very large global stock exchanges. considering these are electronic platforms, there is tremendous efficiency, consistency and more liquidity comes with the conglomerating them this is natural consolidation. it should occur, connell. the only thing standing in the way is regulation and nationalism. the sense london can't be somehow owned by hong kongers. we'll see those types of obstacles. i suspect in fact you see a higher bid. you might see american exchange, cme, i have no inside knowledge, you could see competing bid come in with higher bid for london before it is over. connell: as president trump says we'll see what happens. jonathan, todd, good to see you both. thanks for coming on. melissa: cracking down on e-cigarettes. president trump meeting with the health and human services secretary to tackle t

the london stock exchange is preparing to reject a $39 billion takeover offer from its hong kong rival — that's according to the financial times controlled by the hong kong government, those close links to china could prove a major concern for uk politicians. it's shares fell more than 3% during trade in asia today. president trump says his administration will ban flavoured e—cigarettes, after a spate of vaping—related deaths. e—cigarette manufacturers have been blamed for fuelling childhood addiction by offering flavoured products such as mango. market leaderjuul, which is 35%—owned by tobacco giant altria, stopped selling most of its flavoured devices last year in order to defuse mounting criticism. the uk's main opposition party, labour, is urging that parliament is recalled after the government published its assesment of how the country will cope with a no—deal brexit. it warns there could be protests, that prices could rise for food and fuel, and that lorries could have to wait more than two days to cross the english channel. we'll be talking about this more later in the programme. let show you some numbers, the two stori

street journal, iran not denying carrying out the saudi attacks and the front page of the financial times out of londonsaudi's seek to reassure markets as a tax half oil production around the globe. haltedittle output is and higher crude prices persist. let's go to steve in connecticut, independent. your reaction to the locked and loaded comment? caller: the comment is over the top. what are we going to do? launch a strike against iranian overields and drive gas up $100? that's kind of kooky. , it is ais humanitarian disaster. why is saudi arabia even there? these drones, now you can buy off the shelf drones that are linked with satellites. they can get pretty accurate. tactic, aore of a strategy would be to hit the oil fields two or three times a week. is crazy they would shut down half their oil production for just one strike. if it was getting hit every week. i think we should roll the rhetoric back. i think we've got to reach out to the iranian president. host: you think the president should meet with him. caller: absolutely. , i don't have any delusions about his past. wordni at least kept his abo

time in a decade. welcome to "bloomberg markets: rules and returns." i'm nejra cehic in london. "rules and returns" is the show where we delve into the regulatory challenges and opportunities for financialts around the globe. first, let's get a roundup of this week's news.

times cafe stansell al-jazeera london or francis coppola as an economist and joins us now from london via skype francis thanks for joining us we know of course that thomas cook's experienced serious financial difficulties over the last year but want multiple photos of contributions to the company's demise. well see immediate cause appears to be that they needed some money to pay their debts and the banks wouldn't cough up anymore their existing credit facilities were fully drawn in a just couldn't borrow any more they went to the u.k. government just says you could government cough up some money in u.k. government said no so that appears to been the proximate reason folds them failing however they've gone into compulsory liquidation which means that the companies completely dead to basically saying it's a going concern which means that there's a much deeper underlying insolvency and when you look at the books you can see that really what's happened is that back in may they reported a loss of about $1300000000.00 pounds so approximately $1600000000.00 i think. arising from having to write down the value of a company in their boat in 2007 and that left them quite serious insolvent they've be

london as a financial center. obviously some people in hong kong think london is gonna be important can be important for a long time. knowing that we had 28 years left in the autonomy that hung conch has pushed ahead. does that play into anything here. what london thinking about getting acquired by hong kong. the overreach by china maybe you would prefer an all-cash offer. >> maybe you are a little bit more optimistic after the decision. the chinese regime through its chief executive pulling back a little bit. obviously not nearly far enough. china has announced certain u.s. products will be exempt from the tariffs. the most important to america's farmers. that was questioning. that is such an important factor here. our farmers are looking for some relief. they have got some relief from the president. friends who had farms in the midwest. it's very difficult time for some people. i think as the trade work goes on its it's good to see some reprieve here and there. overall, things are looking for relief and long-term strategy. >> that would be one of the first things on the table. basically lifting the tariffs on her

times and in bad until now faced difficult financial choices of their own. to correspondents on the star who got down in kane in berlin we got rory challenge in london who we will start with so a fairly contrite c oh the rory what went wrong. well that's what a u.k. government's investigation is being set up to find out it will be looking specifically at the behavior of thomas cook executives that man that we just heard from there peter funkhouser the c.e.o. he will be in the spotlight to deeds these people do enough to save the oldest and one of the biggest travel companies in the world now the u.k.'s transport minister grant shapps says that he thinks that it was the shift in the tourism industry from booking holidays in shops booking online the has had an impact thomas cook has been saying for months as it's been putting out these profit warnings that the bronx is an uncertainty of a brac said was stopping people to take me in the u.k. from booking holidays abroad but regardless of what was the reason behind this the bigger thing now is getting people back home who are overseas the way is launching its biggest peacetime repatriation mission when monica airli

london. hong kong says it would bring together the most important financial centres in asia and europe. here's one analyst on why the timingand west capital markets. there's also an element of the hong kong stock exchange capitalising on the lse's technology platform. i think the timing has a lot to do with the refitted of offer. the stock exchange is inquiring a lot of data business, and it would become the largest exchange in the world by revenues through this acquisition. so probably the hong kong exchange wants to move now and make a bit now, instead of after the transaction being completed. a doctor has been cleared of breaking dutch legal euthanasia laws, in what's been seen as a test case for the country. the doctor was accussed of failing to get proper consent before giving a dementia patient a lethal injection in 2016. the woman had written a statement four years before she died, saying she wanted to die at a time of her own choosing. but it was the doctor — together with two colleagues — who ended up making the decision. the process was not an easy one — the woman was first given a sedative but then woke up and h

time in a decade. welcome to "bloomberg markets: rules and returns." i'm nejra cehic in london. "rules and returns" is the show where we delve into the regulatory challenges and opportunities for financialund the globe. first, let's get a roundup of this week's news. here's sebasti

georgiou sharing her story for the first time on television she was a teenage model from a well off family in london when she says she met the wealthy financier up, so i thought i could cope, and i thought i could handle it. >> she says the abuse lasted several years. >> when jeffrey would see me he would physically shake because he wanted to get at me. >> virginia roberts giuffre tells a similar story which she has described in court paperwork of grooming and intimidation at the hands of epstein and his inner circle she said epstein not only sexually abused her but directed her to have sex with other powerful men, including britain's prince andrew. giuffre says she was 17 when this photo was taken with the prince, before she says he abused her, telling savannah. >> he wasn't rude or anything about it he said, you know, thank you, and some kind of soft sentiments like that. and left >> buckingham palace tells nbc news in a statement, it is emphatically denied that the duke of york had any sexual contact or relationship with virginia roberts, any claim to the contrary is false and without foundation prince andrew has repeatedly denied giuffre'

at the same time, does anyone seriously think european companies are suddenly going to shut themselves off to such an important global financial center like londonsolve itself. neil: i'm going to bring my panel into this if you indulge us. will is a very very smart guy with an impeccable british accent. that qualifies him to talk. i'm kidding. will, help me with this. this vote was more than three years ago, and what good would it do to delay another six, eight, ten, 12 weeks when europe's not budging, not making a new deal. what would be the risk if they just bolted now? >> i'm not sure. i think listening to john, i actually have some sympathy with his comments in that i think there's a lot of hype that goes on in the media particularly about these doomsday scenarios. neil: do you buy them? >> not particularly. i think there would be inevitably some difficulties in the beginning but it would iron itself out. neil: but the brits can't get medicine, all of a sudden ireland is a third world country, food is wanting. is it that bad? >> i don't buy that. i think that's completely overblown. i think the trouble for boris johnson is that he's trying t

timing, you choose what is and they say the u.k. will remain a global financial center no matter what happens. tom: very good. we will come back to the london on. in 10 minutes we will have more on a global transaction. our chief content officer will want to comment on this. we have a morning must read right now on the use -- on the news yesterday of bolton out the door. we can pontificate about what it was. atlantic did a great feature five months ago on ambassador bolton. this is how you fire the pool boy. guy youhow you fire the overheard cracking wise in the break room about your haircut. we haven't a lobbyist, mark esper at defense and the secretary of state. the secretary spent 86 to 91 of the army but 10 years ago was selling oil equipment in the secure company in wichita, kansas. gina martin adams, is ambassador bolton to leave stage right? >> the unceremonious way he was fired, it is unique that this president could make people who have been criticized look sympathetic. tom: exactly. bolton ismbassador going to be in the punditry sphere talking about this any moment. how is he replaced in this unique administration or is he un-repl

financial times" group for which she oversees the americas coverage. she's an honorary fellow in the department of economics in the city university of london and adviser the organization called w.i.l.l., women in leadership in latin america. please welcome sylvia and her esteemed panelists to the stage. >> thank you, everyone. i hope a few of you will come back to the room. i know it's been a busy afternoon. hopefully you will stay with us for what promises to be a very interesting session. we have a fantastic topic which is the relationship between latin america and the caribbean and china. and to guide us through this -- this fabulous subject, let me introduce you to my -- my -- thank you for helping quieting down the audience. it's like a -- a very vivacious classroom. so i don't necessarily want to play teacher. so let me -- as i said, let me introduce you to my wonderful panelist. so next to me here i have isabelle desaints malo who has many years of experience as a consultant on public policy in latin america and she became the first woman to be elected as vice president in panama. she also has positions as the minister of foreign affairs of pan