including two at the top of the structure based in offshore tax havens in the cayman islands and guernseyit goes offshore to one of these jurisdictions, it provides almost a kind of a protective cloak for them. it gives them some sort of anonymity which means that it's harder to follow where the money is going through their accounts. in the 17 years sincejon moulton's firm owned the group, it's been bought and sold three times to different private equity companies. and the structure's become more complex. i can barely follow it. it's had so many transactions, bits put into it, bits split out of it. i really don't even pretend to understand all that's happened. that's quite something to say. you're an expert in this. you invested in four seasons and yet you can't find your way through the company. no, it is not limited to the care home sector. there's plenty of aspects of government and regulation that you can't follow either. the way they're financed is, to a large extent, not very material to somebody going into a care home. that's easy to say, from a financier�*s point of view, but if i

guernsey has issued fishing licenses to some 40 european union boats, the latest move over post brexitccess rights that see paris and london at loggerheads. france is angry that britain's channel islands have not issued some french boats, the fishing fleet, with licenses to fish in the waters after brexit. it seems like a good time to go to business. joining us the one and only kate moody. great to see you. you have major new global investment plan, james to rival china's global interest. kate: the e.u. global gateway project will focus on green energy, health, and digital development. for nearly a decade, china has been pumping money and resources into infrastructure project and mostly poor countries around the world, expanding its sphere of influence. brussels is painting its investment as a more transparent value-based alternative to help economies become more sustainable. reporter: as china continues to extend its influence to all four corners of the world, the european union has decided it is time to respond. >> local gateway will mobilize 300 billion euros to 2027. it will invest

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