he is the chief executive of bae systems. we are just waiting from the translation. turkey and the united kingdom has given the necessary framework in order to make this intention concrete and this document will be a guiding one for making this intention concrete. turkish and british economies are integrated economies and they are two countries which are allies with intertwined national securities. therefore, are strategic partnership has already a strong foundation. with the prime minister posner visit, this partnership will be rendered a more comprehensive won both bilaterally and globally in face of the challenges we face and the opportunities. the prime minister patrick rovers had once again confirmed this intention of both sides. we have once again confirmed oui’ sides. we have once again confirmed our objective to further our cooperation in the defence industry. we have, a minute ago, signed the releva nt we have, a minute ago, signed the relevant agreement in terms that will develop national fighterjets between our countries. a framework agreement has been sig

solutions that need to be looked into, but human rights cannot be sacrificed at the altar of profit for bae systemsr arrangements? at present, the uk government's on figures show that two thirds of uk arms exports go to the middle east, by far the largest buyer is saudi arabia. how do you feel about that agreement?” buyer is saudi arabia. how do you feel about that agreement? i think it isa feel about that agreement? i think it is a terrible agreement. in ten days‘s time it is going to be looked at in the high court following a campaign by caat, because we believe that it campaign by caat, because we believe thatitis campaign by caat, because we believe that it is notjust a moral but also illegal. what i am trying to get to hear is that turkey is kind of france, border with it —— turkey is kind of a front line, a border with isis. without turkey, how can we keep islamic state away from european borders? do not quite understand how you see that it can be taken on?” think for a start the uk has to stop making foreign policy decisions which only exacerbate this threat. whether that has been the terrib

turkey, bae signed between britain and turkey, ba e syste ms signed between britain and turkey, bae systemserospace industry to build turkish fighterjets as part of a turkish fighterjets as part of a turkish fighterjets as part of a turkish fighter jet programme, it fighterjets as part of a turkish fighterjet programme, it is a deal worth initially over £100 million. theresa may says this agreement underlines once again that britain isa underlines once again that britain is a great global trading nation and that we are open for business. a defence industry collaboration deal between britain and turkey, so that's one concrete step that's come out of today's meeting. they have both expressed a desire to increase trade, post—brexit britain wants to set upa trade, post—brexit britain wants to set up a close bilateral agreement with another country. they‘ re set up a close bilateral agreement with another country. they're close trading partners and hope to increase that. they've talked about increased security collaboration, of course this is europe's eastern flank so a hugely important border f

two activists have been arrested after entering a site belonging to the defence manufacturer at bae systems to disarm planes bound for saudi arabia, the rev dan woodhouse a methodist minster in leeds and sam walton a quaker activist issued a statement admitting their actions. the two men said they were trying to prevent the delivery of fighter jets to the saudi government, which they claim would be used in the bombing of the yemen. the northern ireland secretary has criticised the way inquiries are being conducted into the troubles. james brokenshire said the current re—investigations into the conflict focused "disproportionately" on the police and the army. a number of former soldiers are facing prosecution for deaths during the 30 years of violence. jeremy corbyn has warned his shadow cabinet that it will be "impossible" for them to keep theirjobs if they vote against triggering the start of the brexit process. the labour leader has ordered his party's mps to support the bill when it reaches the commons. two of his front bench have already resigned over the issue. polls have opened in fra

two activists have been arrested after entering the bae systems site at warton in lancashire, in an apparent bound for saudi arabia. the rev dan woodhouse a methodist minster in leeds and sam walton a quaker activist, issued a statement admitting their actions. the two men said they were trying to prevent the delivery of fighter jets to the saudi government, which they claim would be used in the bombing of the yemen the northern ireland secretary has criticised the way inquiries are being conducted into the troubles. james brokenshire said the current re—investigations into the conflict were "disproportionately" focused on the police and the army. a number of former soldiers are facing prosecution for deaths during the 30 years of violence. living standards are set to fall this year, according to a report by a leading think tank. the resolution foundation said the uk had experienced a "mini—boom" from 2014 to the beginning of last year. but it predicts rising prices and stagnating wages would now put a squeeze on incomes. our business correspondent, joe lynam reports. it may not feel like it

erik: thank you so much. , chairman of carr bae systems. mark: the world economic forum continues. bloomberg. ♪ welcome to "bloomberg markets." we are covering stories from davos, switzerland and tokyo this hour. president elected donald trump says the currency is too strong, the pound rallies as theresa may outlines her plan for brexit. bloomberg white banks need options to deal with brexit. that's why banks need options to deal with brexit. we are halfway into the trading day. abigail: we are looking at declines for the u.s. averages. have the dow, s&p 500 and nasdaq all off of their lows. nevertheless, there is a sense of uncertainty here as the nasdaq is off of its record highs. the dow and s&p 500 lower. the big drag todafr

the british leader revealed be systems and- bae another company would develop turkey's first fighterthe conversation focused on trade, may urged president erdogan to honor turkey's human right's commitments. has taken aimkel at starbucks for exploiting tax loopholes at the expense of german companies. the chancellor singled out the those whoe chain, engage in tax avoidance schemes, saying it was unclear if it pay taxes anywhere. starbucks is appealing a 2015 order by the eu watchdog to repay $32 million in taxes. coming up, we will take a look states can offset the pull of the dollar peg. this is bloomberg. ♪ tracy: welcome back. gulf markets in full reporting mode. we have a look at the week ahead, as well as what has just happened. we are in the midst of gulf earnings the season. what is your big take away so far? >> it is interesting to see what happened in saudi. we just talked about thanks there. there was a lot of expectation among investors about how those numbers would turn out, and we saw actually a very good rallying of banking stocks in saudi last week because basically in