measures that were using you know the preventing them from having access to their gold in the bank of london or being able to use petro dollars you know we would stop you know we would let them have the assets that they have here in the united states of the united states is holding onto we would stop pressuring other countries who try to you know provide goods to them. other activists say they're concerned about the prospect of u.s. military intervention americans have a special duty to the people around the world to stand up and oppose that kind of aggression which is carried out in our name but without our approval. they accuse the us of being part of what they see as an overthrow of power. i know so much about the various coups in which the united states has either been complicit or the instigator and i think this is a rare opportunity we have to interfere at of time. but time is running out for the activists if the u.s. government says the protest is breaking the law and will have to leave behind a western where your people are after workers embassies like the one behind me and now becom

measures that we're using you know the preventing them from having access to their gold in the bank of london or being able to use petro dollars you know we would stop you know we would let them have the assets that they have here in the united states of the united states is holding onto we would stop pressuring other countries who try to you know provide goods to them. other activists say they're concerned about the prospect of u.s. military intervention americans have a special duty to the people around the world to stand up and oppose that kind of aggression which is carried out in our name but without our approval. they accuse the us of being part of what they see as an overthrow of power. i know so much about the various coups in which the united states has either been complicit or the instigator and i think this is a rare opportunity we have to interfere at of time. but time is running out for the activists if the u.s. government says the protest is breaking the law and will have to leave the. station where either people are off to workers embassies like the one behind me and now becomi

peter hahn is professor of banking at the london institute of banking and finance.us, the chief executive going, profits falling, is this a bit of an upset on the way? it is a critical moment for rbs. on the one hand, rbs results are good for rbs but you could say they're not very good for a bank. what we have the macro we have heard so many bad news about rbs and it is now back to being a bank. it is at a criticaljuncture in those two points you mentioned. its income was down, the new ceo, they've got a year to do it, it has to be somebody who will find a growth area for rbs or somebody who will shrink it? right now, it looks like what they needed someone who is going to continue to shrink it. any thoughts about alison rose who is supposed to be the front runner? the search will be far and wide. who it is, it is going to send a strategic statement. there is going to be a lot of prejudice towards bringing in somebody from outside who is a reputation as somebody who can grow it or somebody who can shrink it. you think it's a person in question, they've got this to ge

arab emirates accusing them of currency manipulation it says the three banks cause billions of dollars of damage to its economy by weakening its currency the cases filed in london new york accuse the banks of devising the plan for a boycott against cathay and june twenty seventeen saudi arabia that. egypt imposed an economic blockade on a copout. now russia and turkey are to start a joint patrols to secure the last rebel stronghold in syria the day or so edler province was announced in moscow during a visit by turkey's president both countries also a traitor their determination to go ahead with the missile defense deal which is angering the americans stepped last in reports from moscow. it was their third meeting in three months put in and read chapter you editor one stressed how strong their relationship has become the turkish president traveled to moscow with a large business delegation but it was one deal that dominated the meeting his controversial purchase of russia's s four hundred state of the on missile defense system just a week ago u.s. vice president mike pence wanted that turkey could lose its nato membership if it goes ahead with the deal meanwhile

two former employees of british bank barclays have been sentenced to jail a jury in london and victim of conspiring to rig the global interest rate benchmark euro ball over a five year period the two were given five years and four years apiece it is the sixth was a fusion of red brigade brought by the u.k. serious foreign office after and the a seven year criminal investigation is the second retrial after a hung jury on the line in the complicated nature of financial for years. now the world's largest industrial trade opens its doors today in hanover germany german chancellor angela merkel and swedish prime minister left open show sweden is this year's party to european nations want to improve economic and technological corporation and oversee such a showcase innovations in the fields of engineering as well as official intelligence and the super fast five g. mobile. well at the heart of a famine machine getting increasingly closely connected but does the show actually square with reality or is it just showcasing the pipe dreams of engineers and who will be allowed to build the infrast

of money is believed to have gone missing various of the bank officials involved and it's important to note that these loans were issued by two london based banks so some of the bank officials involved on the government in question fish was involved are now under investigation by u.s. authorities say so authorities and mozambique with our ities let's go back to the point you made about responsibility is it a case of there just being more transparency so we can see and everyone can see exactly which money is going where or is it actually the practices which need to change or actually the books so this is a quite unique case we think hidden relation to mozambique we're worried that there are other cases like this but they just have. and come to light yet because of the secrecy that there is around a lot of lending and borrowing we think there are two issues here really the transparency accountability but there's also the wider structural issues which are pushing a lot of countries like my some big into that crisis in the first place so we live in a world which is still very unequal with large amounts of resources concentrated in some

the money is believed to have gone missing various of the bank officials involved and it's important to note that these loans were issued by two london based banks so some of the bank officials involved on the government in question fish was involved are now under investigation by u.s. authorities say so authorities and mozambique coast are ities let's go back to the point you made about responsibility is it a case of there just being more transparency so we can see and everyone can see exactly which money is going where or is it actually the practices which need to change or actually the books so this is a quite unique case we think hidden relation to mozambique we're worried that there are other cases like this but they just have. and come to light yet because of the secrecy that there is around a lot of lending and borrowing we think there's a kind of there are two issues here really the transparency accountability but there's also the wider structural issues which are pushing a lot of countries like my sam big into that crisis in the first place so we live in a world which is still very unequal with large amounts of resources con

emirates accusing them of currency manipulation cats are a says the three banks caused billions of dollars of damage to its economy by weakening its currency the cases filed in london and new york accuse the banks of devising the plan following a boycott against qatar. korean air chairman choi young hoes died from lung condition less than three weeks after he was removed from the company's board because of corruption allegations cho was indicted last year on charges of a breach of trust the airline has been overshadowed by several scandals involving his family chose eldest daughter served five months in prison after ordering a plane to return to its gate in new york because she been served in a bag. has introduced some of the world's toughest vehicle emission standards to try and stop older more polluting cars entering the city drivers of cars that emit too much harmful gas will not have to pay to enter a new ultra low emission zones in the capital the mayor of london has launched a scheme to tackle what he calls a public health crisis. the headlines on al-jazeera this hour iran's president has threatened to develop more advanced nuclear technology after the u.s. d

emirates accusing them of currency manipulation kutha says the three banks cause but eons of dollars of damage to its economy by weakening its currency the cases filed in london and new york accuse the banks of devising the plan following a boycott against and june twenty seventeen saudi arabia the u.a.e. behind it and egypt imposed an economic blockade on gaza when giorgio coffee is chief executive of gulf state adolescents that say they see based political risk consultants and firm and he says the has suffered significant financial damage due to the blockade right now in these courts in london and new york because the reasons are seeking billions of dollars there is a certain amount of damage that they've calculated was a result of the actions taken by these three being did this quote unquote financial warfare result in qatar capitulating in the blockading states like riyadh and i would be wanted no obviously i'm not this alleged campaign if it took place this financial warfare did not achieve its objective but it did hurt the qatari economy and there's no doubt that costs are paid a big price we're talking billions of dollars as a consequence of the siege

the money is believed to have gone missing various of the bank officials involved and it's important to note that these loans were issued by two london based banks so some of the bank officials involved on the government and partially infections involved are now under investigation by u.s. authorities say so authorities and mozambique with our teens let's go back to the point you made about responsibility is it a case of beer just being more transparency so we can see everyone can see exactly which money is going where or is it actually the practices which need to change or actually the books so this is a quite unique case we think hidden relation to mozambique we're worried that there are other cases like this but they just have. and come to light yet because of the secrecy that there is around a lot of lending and borrowing we think there are two issues here really the transparency accountability but there's also the wider structural issues which are pushing a lot of countries like my into that crisis in the first place so we live in a world which is still very unequal with large amounts of resources concentrated in some countries

of money is believed to have gone missing various of the bank officials involved and it's important to note that these loans were issued by two london based banks so some of the bank officials involved on the government in question fish was involved are now under investigation by u.s. authorities say so authorities and mozambique with our teens let's go back to the point you made about responsibility is it a case of beer just being more transparencies so we can see you know everyone can see exactly which money is going where or is it actually the practices which need to change or actually the bugs so this is a quite unique case we think hidden relation to mozambique we're worried that there are other cases like this but they just have. and come to light yet because of the secrecy that there is around a lot of lending and borrowing we think there's a kind of there are two issues here really the transparency accountability but there's also the wider structural issues which are pushing a lot of countries like my sam big into that crisis in the first place so we live in a world which is still very unequal with large amounts of resources

of london. the warmest day of the bank holiday weekend. ries from bbc news. in the last half hour police have named the 29—year—old woman shot dead in londonderry in what police are treating as a "terrorist incident". journalist lyra mckee was killed after a number of shots were fired, and petrol bombs were thrown at police, following raids in the creggan area of the city. a murder inquiry has been launched. police gave a statement earlier this morning about the events of last night. we were in creggan carrying out a search operation when a public order situation developed. this situation saw over 50 petrol—bombs thrown at police, two cars hijacked and set on fire and then, unfortunately at 11 o'clock last night, gunmen appeared and fired number of shots towards police. and a young woman, lyra mckee, 29 years old was wounded. —— a done man appeared. unfortunately she has died though taken to hospital. we have therefore launched a murder enquiry here in the city. we believe this to be a terrorist attack. we believed it was carried out by vio

of that. santander is targeting progressive cost cuts. the news comes as they hold an investor day in london. the bankannounced investment of more than 20 ill euros in its digital and technology business. don't miss the interview with the executive chair at 3 p.m. london time. global news, 24 hours a day on air and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna, matt. matt: thanks very much. as european ambassadors gathered in brussels, the eu is hoping to kickstart trade conversations with the u.s.. the goal is to keep the threat of auto tariffs and bank. the talks are said to face delays with france resisting unless the u.s. backs the climate accord. so what could fail talks mean for the european auto industry? here to explain is bloomberg's dani burger. germany is the biggest victim appeared of tariffs with more than $40 billion of its gdp tied to u.s. exports. but the industry has a complex relative, and in terms, some european companies might take an even bigger hit. that is slovakia and hungary, amongst the top exporters to the

their final day more than three hundred people themselves to the walls of the london stock exchange and blocked roads around the bank of england and goldman sachs protesters have been calling on the u.k. government to the player a climate emergency and take radical action on climate change the parker takes a look back at the protests. after several weeks of protests activists from extinction rebellion now say that they're willing to suspend their activities for now at least and pack up this makeshift protest camp at the merge the marble arch in the center of london they say that the demos may well be over for now but that they kick started an all important public conversation about what they say is an ecological catastrophe about to happen for some it has been an emotional fight it's like you've got a secret that nobody wants to know but you know that the only way to do anything about it is to start that conversation and it is heartbreaking breaking this truth to people you know have no in gauged and have. you know carried on their daily lives as a normal. for the past two weeks demonstrators of occupied major roads

two former employees of british bank barclays have been handed four and five year jail sentences a jury and a jury in london convicted them of conspiring to rig the global interest rate benchmark yury bore over a five year period it is the sixth prosecution over raid brought by the u.k.'s serious fraud office after a near seven year criminal list. unemployment in the eurozone has fallen to seven point eight percent for the month of february it is the lowest rate in over a decade across the one thousand member countries there are significant regional variations no at eighteen percent greece has the highest unemployment rate in the area whereas germany has the lowest was only three percent. your group is creating a whole new generation of celebrities with worldwide audiences the likes of which we've never seen maybe beyond hollywood and the lure of becoming an internet star is proving too much to resist for many young people despite a troubled jobs market that's particularly evident in south korea. you know your own is doing what he loves at the age of thirty two he gave up his office job to set up a youtube

extension and israeli prime minister benjamin netanyahu's pledge to annex parts of the west bank are discussed in dateline londonith carie gracie. in half an hour here on bbc news. a leaked recording of the labour leaderjeremy corbyn has been released, in which he suggests the party may have lost, mislaid or ignored evidence of anti—semitism. his comments were secretly taped by one of his fiercest critics — the labour mp, dame margaret hodge, when she met him to discuss the matter. part of the recording has been released by the sunday times. a labour spokesman said the recording showed jeremy corbyn‘s desire to rebuild trust with thejewish community. we can listen to part of that recording now... our political correspondent, jessica parker, explained to me more about howjeremy corbyn is trying to tackle the problem of anti—semitism in the labour party. i think people will, potentially, interpret it in a couple of different ways. perhaps some people will look at the words he is saying and say that it is good that he is taking a personal hand in trying to tackle this issue, and it shows his personal commitment to

emirates accusing them of currency manipulation cutter's government says that three banks caused billions of dollars of damage to its economy by weakening its currency the cases filed in london new york accuse the banks of devising the plan following a boycott against cutter and june twenty seventeen saudi arabia the u.a.e. bahrain and egypt imposed an economic blockade on qatar. georgiou coffee arrow is the chief executive of gulf state analytics that's a d.c. based geo political risk consulting firm and he joins us from washington d.c. so thank you very much for coming on the program could you first explain what these lawsuits are what is underpinning these lawsuits and how that relates to the blockade against cutter yes what we learned back in twenty seventeen as you said which was the your that the g.c.c. crisis erupted the qatari is alleged that the saudis in iraq engaged in what they called financial warfare against cuts or this was through certain banks that are closely linked to both countries. to banks that are in the gulf in riyadh and in one b. one bank in luxembourg that's been historically linked to all be according to these accusations these banks provided frau

banking crisis. this is bloomberg. ♪ ♪ francine: tom and francine from london and new york. a lot ofws on mergers that will not happen in the rbs chief executive stepping down. deutsche bank commerzbank ending talks. rbs wealthy clients added --ubs the stock base deutsche bank gaining a little bit. commerzbank down. we spoke to the chief executives of ubs and barclays. >> for the bank overall, we feel quite good with the first quarter. >> we are pleased with the results. and thece choppiness feline around equity capital markets and m&a activity around the world. march,the second half of market conditions and investor sentiment changed for the good, both in the absolute and relative to last year, so we had a strong finish of the quarter, which is now coming a little bit into april. in the macro space where we trade fixed income, securities, credit, we had a good first quarter. u.s. dollar base falling only 3%. >> if i look at asia and china, it is indeed a quite clear sign that the correlation between the recovery of the equity market in the first quarter was definitely head of the in

banks, of course, have to move people out of london and into other continental european locations in order to prepare themselves for the potential that they have any business continuity in the event of a hard brexit. in that sense brexit has already happened the data that we receive seen over the course of the morning even tells you that the u.k. economy has been badly effected by breaks the-related uncertificate ovu uncertain uncertainty. >>> well, it's very hard to get a reasonable assessment of it, but, i mean, i would say that it's on a quarterly basis. you know, you probably knocked maybe a quarter or maybe two-tenths off the quarterly gdp growth rate. that is certainly something which i think has been evident over the course of the last 30 months as things stand, it's unlikely to recover any time soon, so i think we're in an era of much weaker gdp growth. if you look at what we expected prior to the referendum, gdp growth in the order of, say, two, maybe slightly above 2% per year now it's 1.5%. i think a large chunk of that can be attributed to brexit. >> are you surprised mor

demonstrations more than three hundred people blew themselves to the walls of the london stock exchange and blocked roads around the bank of england and goldman sachs are testers have been calling on the u.k. government to the clear a climate emergency intake radical action on climate change. and mozambique tens of thousands of people have been rescued from their homes after a cycle mechanic made landfall on the north coast as a make is still recovering after the devastation from cycling he died just a month ago kennett first hit the french territory of may on the indian ocean and killed three people on the chorus islands overnight. almost seventy people have been killed and hundreds of fled their homes after heavy rains caused flooding and mudslides and south africa it's once again raise concerns about poor government infrastructure has more from high in town one of the worst affected areas. this is what's left of several roads in pinetown he range in the last few days along the east coast of south africa to get catastrophic flooding and landslides wiping out homes and tearing down power lines. and. have try to salvage

demonstrations more than three hundred people glued themselves to the walls of the london stock exchange and blocked roads around the bank of england and goldman sachs protesters have been calling on the u.k. government to declare a climate of emergency and take radical action on climate change. or french president has offered tax cuts for workers and more money for pensioners living in poverty but supporters of the so-called yellow vest protesters who've been demonstrating against economic inequality say that still not enough and they're planning to take to the streets again on saturday from paris natasha but to reports . at his first presidential press conference on domestic affairs emanuel mark karr said he'd listen to people's grievances over social inequality and the french political system in response he offered a raft of new policies including a reduction of m.p.'s and income tax cuts for workers let me you're going to fuel the best way to address the needs of fiscal justice is not to increase the taxes of dispersal of that person no it's rather to lower taxes for the greatest number of our fellow citizens in part

london did he live? we speak to the historical detective who's tracked him down. and the brexit extention and israeli prime minister benjamin netanyahu's pledge to annex parts of the west bankssed in dateline london with carie gracie, in half an hour here on bbc news. more than 70 politicians have signed a letter urging the government to allow the extradition ofjulian assange to sweden, if officials there make a formal request. swedish prosecutors are deciding whether to reopen an investigation into allegations from two women, who accused the wikileaks founder of rape and sexual assault, which mr assange denies. he was arrested on thursday after seven years in the ecuadorian embassy in london. our political correspondent susana meondoca explains. a lot of them are labour mps, but we've also mps from other political parties, the independent group, change uk is included in there, and you've got some liberal democrat mps as well. it was posted on social media last night by the walthamstow labour mp stella creasy, and basically in this letter, what it says, it urges the home secretary to stand with the victims of sexual violence to ensure the case, the rape case againstjulian a

coming up on bloomberg, we speak to the cfo of danske bank. 7:00 a.m. london time.his is bloomberg. ♪ manus: it is "bloomberg daybreak: europe" from dubai. i am the manus cranny let's focus on the world's largest economy. chief executive at goldman sachs says jay powell is doing a good job and he doesn't expect a lot of policy activity through the rest of 2019. --sat down with an interview to an interview with erik schatzker. >> activity levels have improved throughout the quarter. a little speed bump in the fourth quarter, risk off. government shutdown contributed and the environment at the beginning of the year but the underlying economy in the u.s. has continued to do quite well and as we move through the quarter, you saw more of a move back into risk assets, markets have performed well. as you get around the world, stimulus and china has helped fuel improvement in china. i was in china a couple of weeks ago. lagging a little bit but the overall package, especially with it central banks made coming out of the end of the year and the first quarter, has been constr

the money is believed to have gone missing various of the bank officials involved and it's important to note that these loans were issued by two london based banks so some of the bank officials involved on the government in question fish was involved are now under investigation by u.s. authorities say so authorities and mozambique close are ities let's go back to the point you made about responsibility is it a case of there just being more transparency so we can see and everyone can see exactly which money is going where or is it actually the practices which need to change or actually the books so this is a quite unique case we think hidden relation to mozambique we're worried that there are other cases like this but they just have. and come to light yet because of the secrecy that there is around a lot of lending and borrowing we think there are two issues here really the transparency accountability but there's also the wider structural issues which are pushing a lot of countries like my sam big into that crisis in the first place so we live in a world which is still very unequal whereas large amounts of resources concentrated in so

we will speak with the chair of the banks investor here in london. g her about brexit and the strength of europe and spain as well. don't miss that interview at 3 p.m. london time. this is bloomberg. ♪ this is bloomberg surveillance. let's get to the bloomberg business flash. ford unveils an attempt to overhaul the money-losing business in europe. the automaker will introduce for plug-in hybrids and two battery-powered models in a move to gain market share. rules are getting tighter. bmw pulling ahead of german rival cities bends. this is a race to be the top-selling luxury car in the u.s.. march because% in of surging demand for the x-ray compact crossovers. sales were down 9% in the first quarter. the best selling luxury carmaker in the u.s. cut $1.4 billion in costs as part of a new strategic plan. spanish banks promised to wrap up investment. the bulk of the cost cuts will come from investments in i.t. we will speak with the executive chairman at 10 a.m. new york time here on bloomberg tv. that is the bloomberg business flash. tom and francine? fr

of these unicorns back into the marketplace. manus: great roundup on the banks. piers hillier, cio, royal london asset management stays with us for the rest of the hour. a devastating fire swept through notre dame in paris. the blaze raged for four hours. the cathedral spire collapsed. it is one of france's most iconic landmarks. president macron has vowed to rebuild notre dame. congressional democrats issued subpoenas to deutsche bank and other lenders. they want long-sought after documents that foreign nations tried to influence politics. this signals an escalation into their probe into trump's finances. deutsche bank is cooperating, and the request is a friendly subpoena. the european central banks subzero rates policy is still a positive according to the governing council member who pressed for the measure. the government's echo that other ecb officials are surprising after the push to offset the impact of negative rates. a deal worth $1.4 billion, the streaming company links hulu with disney and comcast. now they have to proportion at&t's stake. they are not expected to turn a profit until

future rally in rome while the group extinction of rebellion tried to disrupt london's heathrow airport and greenpeace blockaded the paris headquarters of the bank so say take a general. hundreds of thousands of anti-government protesters have rallied in algeria capital algiers the protest movement succeeded in ousting president of the fleet earlier this month now demonstrators are demanding further democratic reforms and a complete change in the country's leadership. now to northern ireland where a twenty nine year old woman was killed by gunfire during a riot overnight in the city of london there police have identified her as a journalist will be run the key her death is being treated as terrorism and a militant republican group calling itself the new ira are the main suspects the violence erupted last night after police searched a house in the area. she was described as a rising star leroy mckee was an acclaimed journalist known for her coverage of the troubles in northern ireland the twenty nine year old was gunned down on thursday night while reporting on the unrest in the city of london derry also known as derry a former flashpoint between

of the would be it could increase your money laundering capacity in the city of london by a thousand percent and hell as a bank i'm sorry oracle isn't even on your mind committing fraud the best place for lehman brothers a.i.g. and every other financial scandal goes right through the city of london that's what you're good at if you take the regulations away you'll be even better as a tax haven and money laundering service for the global autocrats and kleptocrats i'll give you that oh my gosh we're out of time dominic thanks so much for being on the kaiser report. thanks for letting me get a word in max. all right and that's going to do it for this edition of the kaiser at four with me max kaiser states or would like to thank our guest dominic frisby he's the author of bitcoin the future of money if you are twitter it's kaiser report until next time i'll. make manufacture consent to the public well. when the ruling classes protect themselves. with the fine. we can all middle of the room sick. of the numbers. they've met or us with over one trillion dollars in debt more than ten white collar. eighty five percent

of the intersection march 31st. a public memorial will be held at staples center tropical storm. >>> citigroup, deutsche bank and goldman sachscotting luxury hotels owned by the sultan of brunei according to financial news londonove comes after brunei's decision to introduce strict new laws making gay sex x punishment by stone to go death. the investment banks are banning staff from staying at any of the nine luxury hotels owned by the nation including the beverly hills hotel and hotel bel air in los angeles. the unitedstates, the uk, germany and france all urged brunei to halt the new laws. >>> u.s. news and world report have ranked the best cities to live in the u.s. the job market, housing affordability, no bay area cities made the top five. and those top five are austin, denver, colorado springs, fayetteville -- interesting -- and des moines. even with our housing crisis, look at that. san francisco still ranks seventh and san jose still comes in at 14. that's really saying something. housing is a huge issue. we still come in in those positions. people obviously still really like living here. >> it's certainly beautiful here. so many things to do. sometimes the weather. that's the best part. that storm you

desperate poverty largely because of the ongoing fighting a win for the campaigners could create an important precedent. for a london cutter has also its against banks and luxembourg saudi arabia and the united arab emirates a prism of currency manipulation cutlasses three battles caused billions of dollars of damage to its economy by weakening its currency the cases filed in london or new york accuse the bags of devising the plan for the boycott against cutter and june twenty seventeen saudi arabia the u.a.e. bahrain and egypt unpoliced an economic blockade on cutter giorgio coffee as chief executive officer gulf state that the d.c. based political risk consulting firm and he says couple has suffered significant financial damage due to the blockades. right now in these courts in london and new york because there are these are seeking billions of dollars there's a certain amount of damage that they've calculated was a result of the actions taken by these three being did this quote unquote financial warfare result in qatar capitulating in the blockading states like riyadh and i would be wanted no obviously not this alleged campaign if it took place t