the new european commission president. has taken office with a new team of officials completing a process of renewal at the european union the new european council president shockingly should also took up his post the european parliament and european central bank both heads with davis' soli and taking up their positions. today marks world aids day much has changed since the discovery of the hiv virus in 1983 over the last 2 decades the number of new infection has declined significantly and although there is still no cure a positive diagnosis is no longer a death sentence however 8 hiv remains a major concern the u.n. estimates that close to 38000000 people worldwide are living with the virus about 6 percent of infected people live in western and central europe and north america 15 percent are in the asia pacific region and nearly 70 percent of hiv infected people live in sub-saharan africa which also has the highest numbers of new infections and aids related deaths. around the world events are being held to mark world aids

program saying it's important to train aviators of the united states partner nations the new european commission president on the line has urged closer cooperation between europe and africa on issues like climate change the former german defense minister promised stronger european support so officials from the from the african union the organization represents all 55 states across the continent and it's 1300000000 people on the line made her remarks at its headquarters in. a call for stronger ties with africa comes in the face of increasing chinese involvement. a new dawn for africa to underline the growing importance of the continent ursula funda chose addison as her 1st international visit as head of the european commission from the european union to the african union which is based here in the ethiopian capital. it's important to me that we work together on projects to fight climate change see here in africa in and is out about people are experiencing the results of climate change as well followed in the scheme of hundreds. but climate change is just one issue migration is still a big concern

safety inspections and some other of standards so i think one thing to watch is will the new european commission to the leadership of the lie and say hey this executive working group needs to disband now we we have to go our separate ways we could expect a lot of movement on this then the thanks very much for joining us andrew dan thank you now to some of the other global business stories that are making the news. you know it's an eis hasn't it $5321.00 and kraft with around $6500000000.00 to replace its aging boeing 757 s. the episode a is the latest blow to the american manufacturer already deeply mined in the crisis surrounding its 737 macs. a u.s. class action lawsuit claims chinese video sharing up tick tock transferred vast amounts of user data to chinese service the lawsuit accuses the tick tock of collecting the information without user consent saying it could be used to identify profile and track customers and google's founders are stepping down as c.e.o. and president of the parent company alphabet larry page and sergey brin famously set up the search engine in it garridge in californi

new european commission president has pledged one trillion euros in investment over the next decade as part of her european green deal it commits the e.u. to being the world's 1st carbon neutral continent by the year 25th. time magazine has named climate activists a growth it to its person of the year the amounts meant came hours after address the un climate conference taking place in madrid she's emerged as a leading advocate for action to address the global climate crisis. this is d w news from berlin for more you can follow us on twitter at g.w. news or you can visit our website that dot com. all right coming up next conflict zone with tim sebastian i'll be back at the top of the hour with more world news followed by the day to see you get. into the conflict zone with team sebastian. my guest this week really growth is the jesuit priest father whose solo fours and me to exploit all sexual abuse among the kludgy is the boss ago serious about real challenge for one and continues to provide opportunity both culpa called priests who commit these awful awful pointless conflict so far nex

new european commission president unveils aggressive climate goals. now, the hard work begins. to flare or not to flare? i sit down with the texas railroad commissioner about ways to deal with national gas and flaring. alix: i am alix steel. welcome to "bloomberg commodities edge," 30 minutes focusing on the hottest commodities with the smartest voices in the business. first, we kick it off with spot on. it is our take on the big story. it's a tale of saudi aramco and chevron. joining me is our managing editor of energy and of commodities, and rachel in houston. let's kick it off with aramco. testing a $2 trillion valuation on thursday, when will we get to know the real market value of the company? tina: we've had two full days of trading now. they went up to their daily limit of 10% and today they went up about 5%. for a few brief hours, they were trading at the magical $2 trillion level. that is the level that the saudi crown prince was looking for. where do we go from here? investors have told us they think it will increase by another 10% to 18% in the next week. on the othe

we have the new european commission president saying that she doesn't think this transition us movingut of the eu can be done by december. i quite like our money and they really do not want to leave at all but this is just the beginning improbably many months of certainly pr battle about how long we should stay. the premise thatis how long we should stay. the premise that is determined to get out by the end of the year and he has the ability to say we are going. the government has said, there is a stop at december 2020 but potentially there might be wiggle room to change their mind? he has put the end of their mind? he has put the end of the transition date as a proposed law to be voted on injanuary. obviously they can always change the law but what is telling is that we have been talking for three years about when are we going to get out of the eu and several missed deadlines now it has become clear we are going to leave at the end of january and immediately, that you are talking about extending the next deadline, the trade talks and what the government has been trying to do on our t

and seen clashes over how it plans to tackle climate change the new european commission president or so if an alliance has unveiled a so-called european green deal but member states are divided over how to fund that deal and how to move away from fossil fuels. of the world is on fire and the e.u. is letting it burn with this message close to 30 greenpeace activists managed to steal the council building in brussels ahead of the summit where e.u. leaders had placed climate action on top of the agenda it's important that for the 1st time they recognize that action is needed across the broad on transport on food on energy but the european green deal is only a starting block it is not enough the deal that e.u. commission president was in a funding line has put at the center of her presidency. is in the festival silent as in on them i can and has is easy i am convinced that it is in our own interests to halt this destructive climate change and show that with modern technologies we can become pioneers in europe in living and producing in a sustainable manner and at the same time for having

european union but his lead over germany corbin's opposition labor party is narrowing we'll go live to london. also coming up she's calling it europe's man on the moon moment the new president of the european commission is presenting her landmark plan to fight climate change but not everyone is ready for takeoff. plus the woman who once who was once an icon of human rights is now defending her generals against charges of genocide in mars' on song soon she a nobel peace prize winner testifies of the international court of justice in the hague she says there is no proof that her country carried out genocide against her pension muslims across the years to prove her book. i'm calling aspen welcome to the program we start in the u.k. where it's the eve of one of the most important general elections in decades that's because the vote on thursday could finally decide the fate of bracks it it's been 3 and a half years since the u.k. voted to leave the e.u. but the country still hasn't parted prime minister boris johnson is hoping a strong showing any majority for his conservatives. let him complete his campaign pledge to quote get it done. these are the early morning images boris johnson wanted voters to see

she said digital companies created an earthquake in europe and the new challenges mean the new european commissiono use different tools. regulators will aim to look at the way companies operate, but also the way customers interact with them. and most crucially, whether or not they are able to find other alternatives. she said the case of google's android and apple's ios system. in that case, the european commission ruled that google's dominant position was not challenged by apple. maria tadeo, bloomberg news, brussels. taylor: with just days until the u.k. election, opinion polls show boris johnson is on course to win a majority which would pave the way for a brexit vote in parliament by january 31. for insight on how this can affect the region's tech sector, we are joined by alistair mitchell of eq ventures. if we were to face a brexit, which we think we have been getting for multiple years, how does that change the tech sector and hiring? alistair: it is great to be here talking about this. this is a subject that is talked almost nonstop about, because it has been going on for a long time. i thi

meantime the new president of the european commission or so fun. as valid to put the climate at the heart of her presidency she's been presenting her promised green deal in brussels the plan will commit the european union to achieve climate neutrality by the year 2050. 3 martens spoke to one climate policy analyst and has this report on some of the potential obstacles. more trees throughout europe and more sequestering of c o 2 that will be the 1st step that europe wants much more. it will need radical restructuring we need enormous investments in the energy sexy we need to transform our mobility sector we need to transform our food system and we need to ensure that our euros are being spent to make these sectors future proof along with flying shipping as one of the worst climate killers engines on the high seas run on crude oil when it gets burned even more pollution is created then with diesel but so far ships have been allowed to sail without c o 2 certificates now the e.u. wants to change this in the future shipping will also be included in the

the new president of the european commission or as 11 or lion has pledged one trillion euros in investment over the next decade as part of her european green deal it commits the e.u. to being the world's 1st carbon neutral continent by the year 2050. time magazine has named climate activists gretta to merck as person of the year for $22.00 you know this once came hours after tim burke addressed the u.n. climate conference taking place in madrid spain a 16 year old has emerged as a leading advocate for immediate action to address the global climate crisis way through on. this is it every news from berlin for more follow us on twitter at g.w. news or visit our website w dot com. coming up next made in germany looks at how digitalisation that is changing our shopping habits for now on behalf of the entire thank you so much for watching we'll be back at the top of the hour with our world headlines. from around the world are in a shopping frenzy. online sales are going to line up for christmas. retailers. and our culture of publishing business is here for churches to be encouraged to. be in ger

new european commission president unveils aggressive climate goals. now, the hard work begins.ot to flare. the railroad commissioner talks about ways to deal with national gas and flaring. ♪ >> i'm alix

new european commission president unveils aggressive climate goals. now, the hard work begins.are or not to flare? i sit down with the texas railroad commissioner about ways to deal with national gas and flaring. ♪ alix: i am alix steel. welcome to "bloomberg commodities edge," 30 minutes focusing on the hottest commodities with the smartest voices in the business. first, we kick it off with spot on. it is our take on the big story. it's a tale of saudi aramco and chevron. joining me is our managing editor of energy and of commodities, and rachel in houston. let's kick it off with aramco. testing a $2 trillion valuation on thursday, when will we get to know the real market value of the company? tina: we've had two full days of trading now. they went up to their daily limit of 10% and today they went up about 5%. for a few brief hours, they were trading at the magical $2 trillion level. that is the level that the saudi crown prince was looking for. where do we go from here? investors have told us they think it will increase and other cash -- by another 10% to 18% in the next wee

david: the european parliament voted again on approving the new eu commission today. the president-elect won the backing of the clear majority of members of the european parliament, allowing her new team to start work on december 2. maria: they are finally getting the green light. they will take office, including the european commission president in december, replacing jean-claude juncker. she has made climate her number one priority. she said she wants to make the european union carbon neutral. climate neutral by 2050. that is cutting down major carbon emissions. that is her number one focus. she also said the european union needs to be much more assertive on the global stage. there's also the idea of brexit. this would still be looming on the european commission, because they would have to renegotiate the trade deal with the u.k., if it manages to leave the european union in january 2020. >> hong kong has found itself at the center of u.s.-china tensions after president trump signed into law a bill in support of the city's protesters. the move will complicate trade t

[inaudible] the fact that there is a new commission in place and the leadership of the new president of the european commission and that's now we have a good basis. >> the meetings have been set up and we will talk and i believe that it will work out very well for everybody. we have some very tough. here's to get over. it's making it very hard for the united states to ultimately trade. we are going to be talking about that and other things. i think that we will solve it. we do a lot of business but they do much more business than honest. we are going to change it. i've been saying this for the last six months to the next year. we've made progress but we will make a lot more progress. we just want fairness and trade not only with the eu but many other countries. china as you have the discussions are going very well and we will see what happens, but we are talking to china and others. we made a deal with south korea and japan. the japan deal is a partial deal. the next will come next year but we've already made many deals. the big one is the u.s. fca encounter to mexico. nancy pelosi has to put it out

the frankfurter allgemeine looks at comments by the new president of the european commission, ursula von der leyen, in which she said the eu must become a pioneer in saving the world's climate. time magazine has made the 16—year—old environmental campaigner, greta thunberg, its person of the year. it says, "she has offered a moral clarion call to those who are willing to act, and hurled shame on those who are not." we move on to someone who used to be a global icon but whose image has taken something of a beating recently, aung san suu kyi. one of the most reliable myanmar—based news sites, the irrawaddy, reports her defence of the burmese military‘s actions against the muslim rohingya people at the world court. finally, our own bbc news website reports a development which may be welcome at this time of year, employers granting ‘hangover days‘ to employees who over—indulge the night before. a p pa re ntly apparently you can work from home, something i can't do. so let's begin with france. with me is iain anderson, chair of pr company cicero group. we chair of pr company cicero group.

we will have an agreement for a climb record with reality it's a very important goal the new european commission president ursula von delenn wants member states to commit to a carbon neutral economy by 2050 and a half the missions by 2030 under her so-called a european green deal all the e.u. policy would have to take into account the climate emergency put coal realigned countries poland czech republic and hungary oppose the plan they say changing to clean energy would be too expensive if you only reach the carbon out charlie we have to understand that. every member states have a different energy mix and to reach this government actually they have also different costs to try and convince poland hungary and the czech republic to sign up to the green deal the e.u. is executive wants member states to approve a $100000000000.00 in the next budget to help coal base countries switch to clean energy it wasn't only inside the e.u. council that the green deal faced criticism earlier activists a demonstrated outside to say the plan failed to address the urgency of climate change the heads of government an

prime minister also received the prime minister has also received a letter from the new european commissionohnson and called for a "broad, deep and ambitious partnership" between britain and the eu in future relationship talks. it is the week before christmas and the week donald trump is likely to become only the third american president to be impeached. not much cause for holiday cheer in the white house, which may account for the massive number of tweets and retweets coming recently from the president's twitter account — 115 in one day alone. nearly all of them on the subject of impeachment. i have turned off my notifications. it looks like the vote will be on wednesday and its expected to pass. then the senate takes up the process and there will be what is effectively a trial of the president — with senators sitting as jurors and the supreme court chiefjustice acting asjudge. the senators are meant to take the evidence into account and then passjudgement — — but the top republican senator made it clear this weekend that's not how its going to happen. everything i do during this, i am coo

also coming up they're calling it a ban on the moment the new president of the european commission is presenting her a landmark plan to fight climate change but not everyone is playing along. and they've been training for more than a year now for women from congress are preparing to embark on the journey of a lifetime as they take part in the world's toughest growing race. i'm serious i was going to thank you for joining us me and mara civilian leader aung san suu kyi has told the un stop court that there was no proof of genocidal intent behind her country's military campaign against muslims testimony on tuesday alleged stunningly barbaric acts against their will in your population including children and babies speaking at the international court of justice in the hague the nobel peace laureate said it could not be ruled out that disproportionate force was used by me in my arms armed forces but she denied that any crimes committed felt under the international definition of genocide more than 700000 brave go phlegmy in mar to neighboring bangladesh to escape what has been described as

emergency in fact the environment will be on the leader's agenda you know plan to discuss the new way european commission president urges love and alliance proposed european green deal which she unveiled yesterday dealing kluges an offer of 100000000000 euros to help e.u. countries lower carbon emissions. and our correspondent garrick martis is in brussels of for you gay orca vonder lions a big project of the e.u. becoming carbon neutral by a 20 a 50 very ambitious plan but not everybody is on board talk to us about that. you know exactly a german chancellor angela merkel today right here and said would be a strong signal if everybody stands behind that plan that was a law from the line has put on the table now but of course she knows as every body else you're on this 20 no i'm on this you summit and that's the. change the energy makes only lies within the member states and not the e.u. institutions and not the european community and so of course there's a number of states who are particularly reliant on the fossil fuels but also who have a lot of nuclear plans who have big issues with the plans that hav

but that will not prevail meanwhile europe is setting its sights on leadership the new head of the european commission ursula vander lyon said europe is prepping to blaze the trail to an economy that prioritizes eco friendly innovation climate. 2015 the european green deal is europe's new growth strategy. it will cut emissions while also creating jobs funder lion said the e.u. wants to create a transition to climate neutrality that is irreversible with plans to invest one trillion euro in the next decade to make europe the 1st climate neutral continent in the world. the race is on to see who can create leadership that finally brings results. in the philippines powerful toughing committee has made landfall the storm swept the show with torrential rains and winds of up to 200 kilometers and now the typhoon is knocked out power in several provinces and the international airport is due to suspend operations in the coming hours and of the $200000.00 people have already fled to safety. with the wind and rain getting stronger coastal residents ran for shelter and batten down the hatches. as typhoon come alre

european companies. i think you will see a lively debate in relation to that. by say, the eu parliament voted to confirm the new leadership of the european commission.lect one of the backing of a clear majority. she and several numbers of her team spoke with bloomberg. the changes existential. there is a huge opportunity. at the moment, we are the european front runner in fighting climate change at new technologies and green financing. patents of of the renewable energy worldwide. it is not only good for the planet, not only good for the people, it will also be good for the european economy. exporter ofhe technologies and we will be the front runner. >> when you look at the friction between germany and france, emmanuel macron said it was brain-dead, do you see a bigger role for the eu within a nato war do you believe it is time to consider a bigger european army? >> nato will always be collective without question. nato is the strongest military alliance in the world. the european union has a different role. membersmany european that are also in the nato alliance. there are fields where we do not need to nato. we are building up the european defense

also coming up they're calling it a ban on the moment the new president of the european commission is presenting her a landmark plan to fight climate change but not everyone is playing along. and they've been training for more than a year now for women for congress are preparing to embark on the.

. >> (speaking german) >> i think the factors a new commission in place and of the president of the european commission we have a very good basis on the table. >> the meetings have been set up and i believe that it will work out very well for everybody. and we have some very tough barriers to get over. they have very years and it's very hard for the united states to openly trade. that can't be done. so it will be talking about that another things. i think we will solve it and they do a lot more business and ice pant we will change it and people been saying this for the last six months or last year. we have made progress up and we just want fairness and we haven't had fairness and trade and that's not only with you but with any other countries. we had those destructive discussions and they were gone very well almost what happens. were talking to china, were talking to others and will deal with japan, the japan deal is a partial deal that's coming out next year and we've had many deals with the usmca and nancy pelosi and you don't have to talk to anybody, she is one of talk to any other democr

the frankfurter allgemeine looks at comments by the new president of the european commission, ursula. time magazine has made the 16—year—old environmental campaigner, greta thunberg, its person of the year. it says, "she has offered a moral clarion call to those who are willing to act, and hurled shame on those who are not." we move on to someone who used to be a global icon but whose image has taken something of a beating recently, aung san suu kyi. one of the most reliable myanmar—based news sites, the irrawaddy, reports her defence of the burmese military‘s actions against the muslim rohingya people at the world court. finally, our own bbc news website reports a development which may be welcome at this time of year, employers granting ‘hangover days'

but that will not prevail meanwhile europe is setting its sights on leadership the new head of the european commission ursula vander lyon said europe is prepping to blaze the trail to an economy that prioritizes eco friendly innovation is to be a climate which will come to an end 2015 the european green deal is europe's new growth strategy it will cut emissions while also creating jobs funded lion said the e.u. wants to create a transition to climate neutrality that is irreversible with plans to invest one trillion euro in the next decade to make europe the 1st climate neutral continent in the world the race is on to see who can create leadership that finally brings results. we have some force now and megan rypien oh and lionel messi of one football's prestigious bhalo indoor award after being recognized as the best male and male player your rippetoe triumphed after leading the u.s. to world cup glory of course argentina's you know messi won the award for a record 6th time after guarding a guiding barcelona to another spanish league title. he's now want to head of his rival for seattle and although. n

rosalind: coming up on "bloomberg best," more news from european banks, including a profit warning from credit suisse. plus, reaction to the eu commission's more on the outlook for monetary policy and the eu's new climate plan. >> the efficacy of further negative interest rates i think is questionable. rosalind: this is bloomberg. ♪ ♪ rosalind: welcome back to " bloomberg best." time now to revisit more of the week's top interviews. let's start with eight interview -- a conversation about risk and return. diamond asia capital putting almost a third of its flagship fund into a fund that can profit from so-called black swan events. erik schatzker spoke exclusively co-cio, who thinks markets are underpricing risks. easing ofmoment the china on the rates front has been very small. i think it is partially because china wants to maintain a stable renminbi for the moment. view isollows fails, my china needs to cut aggressively, do stimulus aggressively, come up with the equivalent of the five arrows in terms of reforms and fiscal policy, even quantitative easing. and i think that would lead to a weaker renminbi. eric: are you already positioned

industry will not prevail meanwhile europe is setting its sights on leadership the new head of the european commission ursula vander lyon said europe is prepping to blaze the trail to an economy that prioritizes eco friendly innovation climate. 2015 the european green deal is europe's new growth strategy. it will cut emissions while also creating. funder lion said the e.u. wants to create a transition to climate neutrality that is irreversible with plans to invest one trillion euro in the next decade to make europe the 1st climate neutral continent in the world. the race is on to see who can create leadership that finally brings results. saying that the last decade has been the hottest on record in some parts of the world that means expanding deserts and shrinking farmlands south africa region is suffering its worst drought in a century it's oldest town and that's has been parched but with taps running dry farmers have to decide whether to keep dead livestock alive or let them die it's a grim choice of other places that shrinking water supplies could soon be facing as a planet gets. your highness on r

but that will not prevail meanwhile europe is setting its sights on leadership the new head of the european commission ursula vander lyon said europe is prepping to blaze the trail to an economy that prioritizes eco friendly innovation climate. 2015 the european green deal is europe's new growth strategy it will cut emissions well also creating jobs funder lion said the e.u. wants to create a transition to climate neutrality that is irreversible with plans to invest one trillion euro in the next decade to make europe the 1st climate neutral continent in the world. the race is on to see who can create leadership that finally brings results. so who's going to win this race our political correspondent kate bray joins us now on the stupid ones you. re talking about being carbon neutral by 2050 the pressures on countries like germany to do that what would a carbon neutral germany look like well germany said li isn't winning the race right now to become carbon neutral by 20 or 50 that's for sure but it is still possible but that would be germany of 2050 would heavily rely on renewable energy of course that'

the new president of the european commission is set to set out targets to become climate neutral.l see the yo -- she says the transition will start next year. there are stricter emission limits for industries, revamped entergy texas, greener farming, and a possible environmental import tax. in new zealand, the probable death toll from the volcanic eruptions has risen to 14 after a sixth victim died overnight. eight more people are still missing on white island and are presumed dead while 30 survivors are being treated for severe burns in hospitals. the volcano is still dangerous and police are waiting for an improvement in conditions before they can reach the island. global news 24 hours a day, on-air and on quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. thanks for the roundup. here's what you need to know for the day ahead. billionaire bond manager jeffrey of aach sees the chances recession in 2020 falling. joining us now to discuss, bloomberg's dani burger. dani: 35% is the odds that he sees that we have a

the european union's new commission president says she expects a thorough independent investigation into the murder of multis journalist daphne delete the data daphne -- daphne galizia, who was killed in a car bomb following her investigation into the corruption in politics and multiperiod the president said protesters who used weapons should be dealt with by the law. the u.s. house of representatives has passed legislation to impose sanctions on chinese officials for treatment of uighurs. the bill says keeping uighurs in what beijing calls reeducation camps violates their rights. beijing calling it a smear. the u.s. house of representatives is considering the evidence for possible impeachment of u.s. president donald trump. for impeachment and constitutional experts who testified on a second round of hearings, a day after the inquiry into the president's activities in ukraine came out. dw has been following the hearings closely on capitol hill. our reporter talked with one of the experts and i asked what they have been saying. pablo: the legal expert called by the democrats obviously di

rosalind: coming up on "bloomberg best," more news from european banks, including a profit warning from credit suisse. plus, reaction to the eu commission's and more on the outlook for monetary policy and the eu's new climate plan. >> the outlook for negative interest rates i think is questionable. rosalind: this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. ♪ >> welcome back to " bloomberg best." time now to revisit more of the week's top interviews. let's start with eight interview about risk and return. diamond asia capital putting almost a third of its flagship fund into a fund that can profit from black swan events. erik schatzker spoke exclusively to a guest to think markets are underpricing risks. moment, the easing that china on the rates front -- the easing has been small. i think it is parti