these computer simulations are being put to the test in abu dhabi the unit. city greenhouses growing tomatoes and. with their super charged plants have a higher yield and by the more c o 2. genetically modified plants are permitted in the united arab emirates under highly controlled conditions one day supercharged plants might be grown in secure greenhouses and the technology might also be used in other applications. trees for example could be enhanced to store more c o 2. algae that grows in the flooded sand pits near cement factories could be modified to bind more smokestack emissions. and golden rice which already boosts vitamin e. might also become more climate friendly. this is an important moment in time where the c o 2 imbalance is still unstable years where new conditions have not yet been established as the ice free polar caps like the thawing of permafrost is that is why we need to research fully reversible and mild climate mitigation strategies so that we know which way to go when things get critical and say to get 10 years' time . the scientists h

greenhouses near abu dhabi in the united arab emirates the plants here can only survive in this arid environment. because they're watered by an expensive irrigation system and protected from the sun. climate change is already having a major impact here. genetically modified plants that are better adapted to the heat be part of the solution and even help slow down climate change. in his experiments thomas down to car from university has found a way to get tobacco plants to absorb more c o 2 which could help pull the greenhouse gas out of the atmosphere. he's collaborating with mohamed now seem a biologist who works in votes and abu dhabi so exciting to meet. they have weekly meetings from one greenhouse to the next thousands of kilometers apart. they're hoping to modify plants to bind more c o 2 and boost their yields that would be especially helpful in desert countries like the united arab emirates. you've used to snow the. desert is a real threat and sister a few kilometers away from the university the government wants all professors to make a contribution to the fight against globa

pumping 21 million barrels per day and abu dhabi wants a piece. exclusively about the plan with the director of marketing, sales and trading. >> i believe the demand has always been there, since the inception it has had a long list of customers, over 60 customers in 30 countries who use us as a key part of their crude diet and refined products production. as such, this is another major milestone, in providing them tools to manage the risk and hedge their price exposures. we believe the contract has the underlying fundamentals to ensure the liquidity required. manus: have you had commitment from the iraqis, from the saudis , kuwaitis, to use the futures contract? >> the whole idea is to make sure the murban is a globally, freely traded commodity, and as such, it allows everybody around the world to be able to utilize it for either pricing or for managing their customer. as such, we are beastly have a stellar partnership with nine major companies, but at the same time, from the east, where most of this crude is usually used, we have thailand, the ch

he's collaborating with mohamed nasim a biologist who works in votes borg and abu dhabi so exciting to meet you they have weekly meetings from one greenhouse to the next thousands of kilometers apart. they're hoping to modify plants to bind more c o 2 and boost their yeo's that would be especially helpful in desert countries like the united arab emirates. you've used to snow the. desert is a real threat and just a few kilometers away from the university the government wants all professors to make a contribution to the fight against global warming. and on lies stood it's abundantly clear that the amount of fertile land is shrinking as a god it is seeing carbon fixation is very important so that we can feed just as many people with less land. the scientists are hoping to supercharge plants to make them better at absorbing c o 2 during photosynthesis leaves consume carbon dioxide and release oxygen using the enzyme rw biscoe but it's not a faster efficient process so up to 50 percent of their conversion efficiency is lost. to a standard car and just colleague elena and sort of are modulat

i lived in abu dhabi and the knighted arab emirates. and i read into who were part of the organizations that were hiring out there. at that point i was doing another for mustering other types of intelligence. i wasn't there but now these were from fort meade a newer this villa was there a hole up. contractors in abu dhabi we all know each other out there. can you talk to me about groups like these mercenary hackers like the hacking team and others who are now selling their souls and selling nsa capabilities to these third world potentates? >> yes, that was the most eye-opening part of this book for me in researching this book. that u.s. contractors were poaching from the nsa, people that we help fund with trainings, poaching them with offers to double, quadruple their salary sending them to abu dhabi, having them work out of their mansions, telling them they would be tracking terrorists. we be continuing america's war on terror and tuning the same work. they were doing it at the nsa but very quickly they became embroiled in this sort of

we thank you anyway. >>> cnn's john deftarios in abu dhabi. appreciate it. >>> brittain's prince philip remains in hospital following what's described as a successful procedure for a heart condition. joining us from outside the hospital in london is cnn's anna stewart. what's the latest word on how he's doing? >> reporter: yes, kim. good news from the palace. he underwent a procedure on wednesday. it was deemed a success. this was to treat a pre-existing heart condition. we don't know much more detail than that. we do know that prince philip was treated for abrupt coronary 2011. he had a stent fitted. it's possible it's something similar but at this stage we don't know. good news that does follow on from some comments we have from prince philip's daughter-in-law. camila said earlier in the week that his condition was improving although the treatment at times hard. this is really good news here. prince philip is expected to stay in the hospital for several more days for treatment, rest, recuperation. it's by far and away the longest stint in th

countries like saudi, abu dhabi, some of the other issuers.nk the market has rightly seen that oman is headed in the right direction. the spreads have performed. at these levels, we like oman. manus: ok. the head of fixed income on the markets. thank you very much. let's get a little bit more on the inflation debate. janet yellen says -- one of her predecessors disagrees. larry summers thinks there is a substantial risk of rapid inflation ahead. neil ferguson, senior fellow at stanford's hoover institution, spoke to the balance of power and david westin. >> a simple view, i think there is a one third chance the fed will stay behind the curve, inflation expectations will ratchet upwards, and we will become an inflationary country for at least a time above the 2% target. a second risk is that the fed will respond, that given all the things they have been saying, their sharp response will be unexpected by markets. as has been the case in the past when the fed has had to step in to stop incipient inflation, it will be a chaotic process. i think th

1st stop and begins this year's campaign much the same way he finished 2020 when he took hold in abu dhabi he then went on to win that race. did the whole go week so far i think because we were working really well and just been really enjoyable to drive of course with the wind changing a lot around every session is not easy to set up the car then it all worked out perfectly and paul flying so yeah calls very happy with the full decision. defending world champion lewis hamilton of mercedes just couldn't catch up from actually the bridge hopes to be the 1st formula one driver to win 8 world titles he's currently tied at 7 with german legend mikhail schumacher. while germany is moving ahead in its drive to abandon coal as a fuel for generating electricity a coal fired power station in the rule of invest area has been blown up after coming to the end of its working life the cooling tower boiler house and a 250 metre high chimney were all demolished in controlled explosions the german government is committed to phasing out coal by 2038 the site had been generating electricity for 80 years. coal

1st stop and begins this year's campaign much the same way he finished 2020 when he took gold in abu dhabi again went on to win that race. yeah the whole week so far i think the cars be working really well it's just been really enjoyable to drive of course with the wind changing a lot around every session is not easy to set up the car but it all worked out perfectly in the in coal fire so yeah coles very happy with the decision. defending world champion lewis hamilton of mercedes just couldn't catch up with them actually the brits hopes to be the 1st formula one driver to win 8 world titles he's currently tied at 7 with german legend mikhail tomorrow. now for viewers in europe the clocks have gone forward by an hour across much of the continent over night and from winter to summer time and while many of our clocks change automatically base days some have a lot of time paces to change by hand. some people have partners children or pets for companies to cut through then a stick bought is crazy about clocks. around 300 in 65 of them. but who has time to count most people might be taught by th

and so i cancelled that and drove from an abu dhabi to dubai, caught a flight into l.a.t is quite a feat because getting into an american film is really a big jump, getting too a major marquee film is another jump but to be seen as one of the breakout stars of it, is the ultimate, ultimate, ultimate celebration of what you have done. and you are like eddie for instance even said you have the most authentic accent. he loved how were you doing this, you know you play jermaine fowler's barber in the story and the love interest. and what is cool about the story is you don't know which way it is going. are we going to say, are we going back to america, but here you are in this world. was it interesting for you when you were getting the job, because a lot of people don't know, this especially americans they go to other countries and they work. you can go to another country, you can work. if you are british you can go to another country and work. but as a south african there is such a big process. like you had to go to get a visa and everything, they had to approve you to come

so let's bring in cnn's john defterios who joins us live from abu dhabi. good to see you, john. how bold a move is this by the new ceo of british airways to try and establish a single travel policy? and what is the ultimate goal by the international air transport association? >> yeah, good questions there, rosemary, because i think b.a. is trying to be a trend setter here as home of course to one of the largest airports for international arrivals at heathrow. and they're making this call before the formality as you suggest on april 12th by the uk government to establish new protocols. now, shawn doyle has been the ceo since october, and he's saying that basically vaccinations hold the key to liberalization of air travel. but went on to say that even a negative pcr result should be able to do the same. there's some sensitivity here for those who haven't been vaccinated to still be allowed to travel. and the final point he made, which is a good one here, that you have to have collaboration when it comes to the health apps that are on the market because eventually you have to get s

and global business could be affected, let's bring in john defterios from abu dhabi. good to see you, john. so the biden administration apparently plans to take a tougher stance against the sawedly crown prince, but how likely is it that mohammad bin salman would even feel the impact of any sanctions, if that's what's applied? >> yeah, great point you're bringing up here, rosemary. he'll be untouched by this, but we can't be too surprised because what jen psaki is saying, the spokesman for the house, it never reaches to the top brass at this level. but the biden administration is taking heat as a result. the narrative has certainly changed between donald trump who really embraced mbs and enjoyed the fact he might spend $100 million on hardware and balancing national interests. you have to think of the counterbalancing of the two major powers around the strait of hormuz and trying to reopen the iranian. when it comes to business, most of the damage is inflicted by saudi arabia and in particular mbs. you can go back to 2017 and the ritz carlton roundup of the businessme

let's turn to john defterios in abu dhabi.rk times" put it something like this, if the economy turns into a giant party jerome powell promises not to take away the punchbowl rephrasing the old fed punchbowl metaphor. decode this for us. >> reporter: well, it's not easy to decode sometimes in this case, kim, because you want to kind of keep the markets guessing and keep them off balance. that's what "the new york times" is talking about, keep the punchbowl on the table, but jay powell has built up a lot of trust that he wants to be more transparent with the goals by the u.s. federal reserve and, therefore, the u.s. treasury department at the same time. goal number one is job creation. we still have better than 9 million jobs lost since the start of the pandemic, the unemployment rate at 6.2%, they want to get that down to 3.5% by 2023 so they will continue to buy bonds, keep the interest rates low and look for hard evidence when it comes to jobs. let's take a listen. >> we will want to see that the labor markets have moved -- l

john defterios is tracking developments from abu dhabi.ly on the suez canal officials were giving rosy estimates of how long it would take to solve the problem. a couple days in are they giving a more realistic idea of exactly what he it's going to take? >> reporter: this is day four now, kim, and it looks like the hill is getting steeper each day. the suez canal authority put out that number what needs to be dug up but didn't give a timeline which is quite alarming. in the last 24 hours we heard from one of the ceos involved in terms of the salvage operation saying it could take days or weeks. there's 200 vessels there already backed up. in the last hour we heard that should swell to 300 vessels. so the pressure is on the industry now. so the cost of operation, the cost of lost trade is being more defined as well. $400 million an hour in lost trade adds up to about $10 billion a day. that's why people want to get this moving but we are lacking clarity. is it feasible by next week is what the industry wants to know. >> okay. but then if th

tell mike we've got more nations represented, more global discussion then at nyu abu dhabi.ation we had wasn't incredible, we talked about china, the american political system, capitalism -- >> bret: let's get to it. american dream, talking about america, let's play this sound bite. >> you see them go and come back, and tell you the american dream doesn't exist. it's just a bit messed up. >> i think when we've seen people don't want to go to the u.s. is much as they wanted to before. if they see it's not as it was in the past. >> they wish the american dream was still alive. the third dream was to come to america to study, work, potentially live. and now they are looking eastward, la erg considering studying and working in china. the u.s. has got to get it back together at least in terms of relations for these kids to want to return. >> bret: speaking of the u.s., but this is speaking about the political landscape, here. >> i want to go to the u.s., that's heartbreaking. but that's because there's no more discourse, there is no more listening, hearing to each other. just bec

let's go to john defterios in abu dhabi. john, hi. goodness, what a mess.p moving? i mean, there was a big push last night in -- in egypt. will they make another big effort today, no doubt? >> well, if you get a sense of urgency this weekend, in particular, robyn, you are absolutely correct because they are trying to take advantage of mother nature here. the end of the month marks the high tides, on saturday to sunday. so they made a push last night. made some progress, overnight. but the next major push, down the road here, or down the canal, is going to be this evening. they are ahead of schedule here, in terms of the dredging operations. they had this target of 20,000, at the top end, cubic meters of sand and mud to move. that is over 700,000 cubic feet. they did do that. there is no damage to the propeller or the stern and the rudder so this is all very, very good news. the other thing is you talked about the number of boats backed up. it's 321. that was our provjection friday. but they say on the good side, if they can dislodge the vessel, that is a bi

john defterios is in abu dhabi following this. on both sides full of things like oil, tv parts, car parts, instant coffee, you name it, stuck in this important water way. when are they going to get this loose? >> reporter: well, i tell you, they are working on it, i think, kiss christine. we've heard from the suez canal authority saying they want to dig up 20,000 cubic meters, 700,000 cubic feet over the weekend if it's possible. they're trying to accelerate the process. that's the equivalent of eight olympic-sized pools. you are talking about one of the dutch companies involved in the sam vag operation saying he thinks it's stuck rock solid. of course, that's not what the shippers want to hear. we know that the boats are starting to stack up or the ships themselves around 200 right now and we were told in the last hour that could swell to better than 300 by sunday. give you a sense of lost commerce, what's happening in the canal because of the lack of movement, $400 million a day usually passes through, that's nearly $10 billion

john defterios is live in abu dhabi.t to put those back up, the pictures of this huge super tanker stuck like perpendicular in this super important water way. i'm sort of laughing. it's not funny. this is something -- there are ships on both sides trying to get through. that tanker there, it's the evergreen is the company that runs it and it's essentially the size of the eiffel tower on its side stuck. how long is it going to take to dislodge this thing? >> reporter: well, they're saying sources we're talking to in the canal authorities -- the suez canal authority say two to three days to get it unstuck and another two to three days to unclog the trade artery you are talking about. we're getting a sense what 400 meters or 1,300 feet in terms of a super carrier can do to this major passageway which usually handles 50 ships a day. it's interesting through this process, i was covering it for the last 48 hours day one there was speculation, they're moving the ship and it's going to be clear. day two we're hearing actually fr

john defterios live in abu dhabi.oronavirus is spiking again in parts of europe. still, the head of british airways is pushing for air travel with no restrictions. shawn doyle, who's the ceo, says people who have been vaccinated should be able to travel freely and those not vaccinated should be allowed to fly if they test negative for covid. well, doyle says health apps can be used to verify a person's status. the uk government is expected to announce new international travel rules next month. >>> and another sign of the times. some employers are telling workers they need to be vaccinated if they want a job. anna stewart takes a look at the thorny legal issues that this raises. >> reporter: for the founder of pimlico plumbers it's a no-brainer. >> i believe that's the way the future's going. no jab no job. no jab no travel. no jab no fun. >> reporter: he wants all current and future employees to have the vaccine, and he'll add it as a clause into their job contract. >> going by the response we've had from staff, 99.9%

the tools back to the agency and later american hackers coached by a beltway tracker who was in abu dhabi working on behalf of the united arab emirates and where did those programs go? the tried to structure at least for the first two-thirds of the book that each chapter goes through the eyes of one person who symbolized a slice of this market and it's been funny because i've talked to people who i used to tell the stories who would have made feelings about being featured in this book but it turns out since the book is come out people have been coming out of the woodwork. hey why did you use him and not others like the indian government for the past 10 years. i'll have to write another book about the e-mails i got over the last two weeks. >> that's interesting. when you are talking about this there's a chapter that you call the rubicon and i think for a lot of a lot of us when they read about these things in the news but don't necessarily understand and so we make laws over the story and the rubicon is a very interesting chapter because you don't actually talk about the illusion of what t

professor of social research and public policy at new york university abu dhabi and call author of das capitalism have a future professor though again it's good to talk to you thank you.

sergey lavrov has already been to abu dhabi to dubai to riyadh and finishes or for city tour here in doha he's meeting at the moment with the cattery foreign minister and the turkish foreign minister of foreign minister russia russia's foreign ministry says the purpose of this tour is to look for business opportunities business opportunities in power generation in industry in agriculture the peaceful use of space and also he says a need to settle existing conflicts in this region there referring to libya to yemen and to syria turkey and qatar on the side of the syrian rebels holed up along the turkey syria border russia has been backing the assad regime and in libya in qatar on one side of the fight and the russians on the other so much for them to discuss but what's also interesting is that this visit comes just a week after the u.s. released that intelligence report suggesting alleging that mohamed bin solomon crown prince of saudi arabia ordered the killing of jamal khashoggi 28 tina and the u.s. to stop the sale of weapons that might be used in the war in weapon war in yemen weap

professor of social research and public policy at new york university abu dhabi and call author of das capitalism have a future professor that will again it's good to talk to you thank you very much for your time.

i'm now joined by a look at professor of social research and public policy at new york university abu dhabi and call author of das capitalism have a future professor though again it's good to talk to you thank you very much for your time thank you you know it never ceases to amaze me how that perception of a book may change with time and i think yours is a good example because when it was 1st published 7 years ago it caused quite a stir i think it was back with some a position if not indignation but when i read it today in the midst of all big changes brought forth by the call it mentioned condemning i cannot find a single controversial point in it isn't it striking how the discourse on capitalism changed just in the last 5 or 6 years it was predictable still it is striking a little we spray can get when you see this happening you see. the most difficult or it is not predicting the trend is predicting the speed 20 years ago we got together with several great. major actually the historical society religious who study. the development of social evolution since attention most of what they may

became the 1st pope to set foot on the arabian peninsula once again he met with grand humam and abu dhabi for their shared message faith lets us see in others the brothers were sisters we must love and support both however received sharp criticism from religious hardliners for this convergence which is also sealed in writing. other stops on his travels in the service of world peace include morocco and now you doc despite the challenges the pope wants to carry his message of religious brotherhood to the country where all 3 major monotheistic religions have their roots is the pope's reconciliation mission more than just symbolic politics. from egypt i lived in egypt quite 18 years ago and started it. all and they're as much as they can you have like for decades now the. conversation if you will and that's an interesting thing in the past i feel religious leaders were very much prone to just you know make. you see that religious leaders try to appease and understanding various other like. terrorist groups or radical groups within the church or other religions try to undermine this effort so

i'm now joined by a look at professor of social research and public policy at new york university abu dhabi and call author of das capitalism have a future professor though again it's good to talk to you thank you very much for your time thank you you know it never ceases to amaze me how that perception of a book may change with time and i think yours is a good example because when it was 1st published 70 years ago it was quite a star i think it was back with some of position if not indignation but when i read it today in the midst of all big changes brought forth by the call it magic pandemic i cannot find a single controversial point in it isn't it striking how the discourse on capitalism sheens just in the last 5 or 6 years it was predictable still it is striking a little we spray can get when you see this happening in social games the most difficult or it is not predicting the trend is bleeding to speed 20 years ago we got together with several great major actually historically sister.

only policy at new york university abu dhabi and call it their own das kapital isn't have a future professor though again it's good to talk to you thank you very much for your time thank you you know it now where it ceases to amaze me how that perception of a book may change with time and i think yours is a good example because when it was 1st published 70 years ago it caused quite a stir i think it was back with some a position if not indignation but when i read it today in the midst of all the changes for.

became the 1st pope to set foot on the arabian peninsula once again he met with grand humam and abu dhabi for their shared message faith lets us see in others the brothers or sisters we must love and support both however received sharp criticism from religious hardliners for this convergence which is also sealed in writing. other stops on his travels in the service of world peace include morocco and now you doc despite the challenges the pope wants to carry his message of religious brotherhood to the country all 3 major monotheistic religions have their roots is the pope's reconciliation mission more than just symbolic politics. much more to it than the obvious saw some drunk from from egypt i lived in egypt like quite 18 years ago and started it. all and they're as much as they can you have like for decades now the. conversation if you will and that's an interesting thing in the past i feel religious leaders were very much prone to just you know make. you see their villages leaders try to. understand. terrorist groups or radical groups within the church or other religions try to undermin

francis became the 1st pope to set foot on the arabian peninsula once again he met with grandma and abu dhabi for their shared message faith others the brothers were sisters we must love and support both however received sharp criticism from religious hardliners for this convergence which is also sealed in writing. other stops on his travels in the service of world peace include morocco and now iraq despite the challenges the pope wants to carry his message of religious brotherhood to the country where all 3 major monotheistic religions have their roots is the pope's reconciliation mission more than just symbolic politics. and we saw some junk from from egypt i lived in egypt like quite 18 years ago and started. gentlemen is the model and there as much as in the vatican you have like for decades now the. conversation if you will and that's an interesting thing in the past i feel religious leaders were very much prone to just you know make. you see their villages leaders try to appease and understanding various other like. terrorist groups or radical groups within the church or other religions

i'm now joined by a look at professor of social research and public policy at new york university abu dhabi and call author of das capitalism have a future professor though again it's good to talk to you thank you very much for your time thank you you know it navarrette ceases to amaze me how that perception of a book may change with time and i think yours is a good example because when it was 1st published 7 years ago it caused quite a stir i think it was back with some a position if not indignation but when i read it today in the midst of all big changes brought forth by the caller then to condemn it i cannot find a single controversial point in it isn't it striking how the discourse on capitalism changed just in the last 5 or 6 years. as we debate still.

discuss how significant is this this is the end of a 4 day trip to the gulf region it started in abu dhabi to dubai riyadh and lastly here in doha where he'll meet katz's in mir and then they'll be a meeting between cats as foreign minister turkey's foreign minister met a lot of a solo and. now the official reason for this trip to the region given by the russian foreign ministry last week is to discuss business ties to discuss power generation industry agriculture the peaceful uses space and the need to settle existing conflicts in this region he's referring to libya to syria and to yemen so what's interesting is that we have the catteries and the turks on one side of the conflict in syria supporting the rebels now hold off on the along the northern border with with turkey and russia backing the outside regime on both those groups on different sides of the conflict in libya as well the timing is quite interesting quite useful for the russians it comes a week after the u.s. release that intelligence report pointing the finger saudi crown prince mohammed bin solomon for allegedly ordering th

john defterios, many thanks as always joining us live from abu dh dhabi.joining us. i'm rosemary church. i'll be back with more news in just a moment. do stay with us. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> hello and welcome to our viewers joining us here in the united states and around the world. you're watching "cnn newsroom." ahead, spring break crack down. police in miami beach struggle to control crowds of party goers as experts warn scenes like this could prolong the pandemic. >>> plus, president biden said he'll travel to the southern border at some point. the critics say the situation is quickly worsening. why they're calling for the white house to act

the vaccines will be produced by a joint venture between sinopharm and abu dhabi based company. they are digging up parts of the suez canal to help dislodge that container ship. they managed to bug the ship by nearly 30 meters on tuesday. more than 45--- 450 ships are backed up at the canal. 410 protesters were killed by the military over the weekend in myanmar. according to a pro-democracy group, the debt includes several children. this -- sparked condemnation from many governemtns around the globe. -- governments around the globe. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. >> still ahead, the timeline to travel. don't miss our exclusive interview with this travel platform. we speak to john brown about vaccine passports later on this hour. rishaad: next, look for asian economies asking deutsche bank if rich banks could surpass pre-covid trends. stay with us. this is bloomberg. ♪ rishaad: the strength of the economic economy aided by the vaccine rollout is providing more i

fatality a very important document was signed between the pope and the grand scheme of all his art in abu dhabi in 2019 that has then led to other initiatives i think we could see further initiatives in the back of this trip the meeting with ayatollah sistani using incredibly important is the 1st time a pope has ever met the leader of course of his time he rarely receives foreign dignitaries so this is a trip or this is a visit i should say that it's been a long time in the making and i think we also should point out that the pope is going to be taking part into religious gathering in or the birthplace of abraham that's a powerfully symbolic encounter given the day perhaps is the father of monotheistic all monotheistic faiths. well still ahead here on al-jazeera they called reversal on a case of witness tampering charges against colombia's former president could be dropped and a small but significant step will tell you more about the trademarks left on the bed planted those stories after the break. it's time for the perfect gentleman. sponsored point qatar airways wrote temperatures rose in the

abu dhabi will reportedly invest billions of pounds in british health, tech, green energy and infrastructureion into life sciences over five years, according to the financial times. the total investment is expected to be worth up to £5—billion. joining me now is marc 0stwald, chief economist at adm isi. good morning to you, nice to see you. these sovereign wealth funds are very powerful but what do you make of the story? i think the first thing is there is a long tradition of gcc countries above all saudi arabia and the uae investing in the uk. this is a long—standing relationship. i think secondly it also points to the big sovereign wealth funds looking specifically at areas which are going to be related to the recovery. to make bigger investments. none more important than health care. 0ther important than health care. other areas in which they are talking about above all our clean energy and the uk is leading in many senses across europe, in sectors like developing hydrogen power. so it makes very good sense and it is also trending towards investing in hard assets apple to financial assets

a lot of the circle of rob russia's foreign minister has already visited abu dhabi dubai riyadh and then his 4 dates saw here in doha in mere in less than an hour's time we'll have a tripartite meeting with catus foreign minister turkey's foreign minister which i was solo along with now the russian foreign ministry said last week that this tour is in a sense to discuss business opportunities in terms of power generation industry agriculture and the peaceful use of space and it says there's a need to settle existing conflicts in this region is a reference to libya to syria and to yemen turkey and qatar of course on the side of the rebels holed up along the northern syrian border with turkey in the conflict while russia has but the assad regime and in libya both groups on different sides of the argument in libya but this visit also comes interestingly just a week after the u.s. issued that intelligence report suggesting the saudi crown prince mohammed bin solomon ordered the alleged allegedly ordered the killing of journalist jamal khashoggi in $28.00 the u.s. a stop the sale of weapons to

see the country produce up to 200 million shots per year in a joint venture between sinopharm and abu dhabiarts production at a new plant later this year. the deal will make the uae the first country to produce sinopharm shots outside china. brisbane will enter a three date lockdown starting monday due to an outbreak of coronavirus, after fort locally transmitted cases. residents will only be able to leave homes for food, exercise, such work and medical reasons. mask wearing will be compulsory and home gatherings limited to 30 people. global news 24 hours a day on air and at bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. haidi: still ahead, logistics real estate developer as i chair joins us on the company's latest results and business strategy as it navigates covid's impact on logistics. next, china adds up parliamentary committee on human rights its list of sanctions taken on its own officials over questions on that uighur minority and xinjiang. this is bloomberg. ♪ ♪ shery: a tussle over human righ

now, this is produced by abu dhabi. futures available on these will have a june delivery date.he move is an attempt to regain control from saudi arabia over middle eastern oil and prices. that will change the way nearly 1/5 of the world's crude is price. -- is priced. >> i believe the demand has always been there, since its inception, there has been a long list of customers. who use mu asr a key part ofban shery: could weekend. it is currently the third biggest producer. this ahead of the key opec meeting on wednesday. haidi: one we are watching closely. coming, cdc study suggesting that the pfizer biontech vaccine and them a dharna vaccine prevents infections, not just illness. this is bloomberg. llness. this is bloomberg. >> i'm going to reflect on the recurring feeling i have. we have so much to look forward to, so much promise and potential of where we are. and so much reason for hope. haidi: the cdc with a stark warning over rise of the cases in the u.s.. and now, data that the pfizer and moderna shot prevent not only illness but infections. this is a huge development in t

and saudi arabia and what the ramifications could be, let's bring in john defterios live from abu dhabiod to see you, john. the biden administration planning to take a tougher stance against the saudi crown prince. how likely is it that mohamed bin salman will feel the impact? >> reporter: no direct impact, i think that's fair to say, rosemary. this is where you have to balance out the regional interests, at the same time send a message to the crown prince and reframe the relationship. in fact, joibd said he will only deal with king salman, the father of the crown prince and reopen the iranian file. they have to tounter balance these between saudi arabia and iran around the straits of hormuz. very different from donald trump who had a bear hug around mbs and the dangling in front of saudi arabia of $100 billion of military hardware. self-harm for saudi arabia. go back to two major incidents, 2017 and the rounding of of saudi business men. they pulled away $100 billion. those saudi business men were partners of u.s., european and asian investors into saudi arabia. in 2018 the brutal kill

vaccines will be produced by a joint edger between sinopharm and abu dhabi-based g42, which starts production at a new plant next year. it will make the uae the first company to produce the sinopharm shots outside of china. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. haidi: next, australia's job keeper program is put to bed, bring in the nation's largest covid stimulus measure to a close. up to 150,000 more jobs though could be lost. plus, tensions flare. corporate fallout also continues to mount. this is bloomberg. ♪ is bloomberg. ♪ shery: a geopolitical tussle over allegations of china's human rights abuses have continued, with beijing imposing sanctions on individuals in the u.s. and canada. the corporate fall has also spread. for more, let's bring in tom mackenzie in beijing. so what is the tally so far, and how has that impacted business? tom: we saw the action from china from beijing on saturday, targeting a canadian lawmaker and a number of entities ther

for more on this, we want to turn to our john defterios who joins us live from abu dhabi.s great to see you, john. so, this is a comprehensive stimulus plan. what are some of the key benefits to the american people? and what impact could this have on global growth? >> you said comprehensive, rosemary, indeed. it's touching most americans. and even going to give a lift to the global economy. we'll have more on that in just a second. but let's take a look at the main components here. we have a list of ten. the ones that are highlighted the most are the $1400 checks that are going to go out and reach about 90% of all americans. the jobless benefits are not as high as you're suggesting we thought. but $300 a week that will extend now from march until september is pretty big. food stamps o food support for the nation's poorest jump up by 15%. if you go to that right column there, there's renter relief and even mortgage relief for americans unable to pay those mortgages off right now. or threatened with the eviction as well. and a bone of contention for the republicans is the st

cnn business emerging markets editor john defterios joins us from abu dhabi.> yeah, it's already day six, michael, of this stranded vessel. but i have to say, after a very slow start because of the shock initially not having the equipment there, you have to give an "a" for effort. you talked about the amount of cubic meters and cubic feet moved so far. 20,000 was the target in terms of cubic meters, over 7,000 cubic feet, and they did hit the target, which is good. removing that ballast water removes that weight from the ship as well. we're finding out also that the propeller wasn't damaged, nor the stern as well. so this is all very good news. and they've had a slight movement of the ship, some debate whether it was 30 meters of the 400 meter plus vessel itself. again, it's moving in the right direction. they had 14 tugs on the operation, but the dutch and the japanese salvage operators said they're going to bring in two mega tugs that should arrive today. they're trying to take advantage of mother nature which is very interesting. end of the month, it's the

all around the world, we have reports in morning from colorado, paris, hong kong, capitol hill, abu dhabis is "early start," i'm christine romans. >> and i'm laura jarrett. it's thursday, march 25th. it's 5:00 a.m. here in new york. in just a few hours from now president biden will hold his first news conference since taking office. expect him to claim credit for crick passage of the american rescue plan and vaccinations across the country, but other issues like gun violence and young migrants at the southern border top of mind, daniella diaz is live on capitol hill this morning. we know that the president has been preparing, he has a binder. what are you watching for

. >> for more on that let's bring in cnn's john defterios joining us live from abu dhabi.ill markets likely react to biden's massive infrastructure plan and will republicans support it? doesn't sound that way. >> reporter: yeah, it looks like that will be a struggle on capitol hill, rosemary. let's get to that in just a moment. the markets are keeping their powder dry waiting to see what actually emerges over the next couple of months. the timeline is pretty aggressive, though, they'd like to get the legislation done at the white house by the end of may. working with lawmakers on capitol hill. look at this as joe biden's new deal, if you will, in the spirit of franklin delano roosevelt from 1933 to 1939 after the great recession. he's going to launch it in pittsburgh a former steel town, the heartland of america, which has made the transition to research and development and into technology at the same time. so what's the real priority here? number one is to renew america's infrastructure, road and rails, for example, american manufacturing, making the energy transition to