manus: that was the french economy minister, bruno le maire, speaking with caroline connan on. l interview since the election. great interview, well done. how did le maire defend his thesion to nationalize shipyard, which sparked such outrage in italy? not opposedsion was it all by the italians, and it was good for the image of the government at home, that bad for the image of france abroad. so bruno le maire insisted this decision did not mean france was going down the path of protectionism, and that this was an exception, because the present some strategic interests, and he compared that decision to the u.s. decision when they are protecting their defense interests. he also said france does not want to end or a trade war with the u.s., china, or russia, even though he said europe should consider retaliation after donald trump decided to extend the u.s. sanctions on russia last week. manus: thank you very much for joining us from paris. great job with the interview. david bloom is the head of currency strategy and hsbc, and is still with us. the euro has had a cracking run this

we spoke with the french economy and finance minister bruno le maire in an interview, starting with whether exception. bruno: it is an exception, because there is a link between the shipyards and defense interests. and how we look at the decisions taken by the united states for instance, they are doing exactly the same when defense interests are at stake. are your defense interests at stake, i think this is normal and everybody could understand that we defend our economic and a strategy interests. >> how can you reassure foreign this ass who say strategic interest? bruno: take a look at our latest decisions with macron. we have decided to reduce taxes, this is good news for foreign investors. we have decided to simplify the labor markets. and we have taken deep decisions to simplify the labor market. these are very good decisions for foreign investors. so just have a look at our decisions and i think that all the decisions we have taken with president macron are a clear signal sent to foreign investors, you are welcome in france. >> in the battle pro specs it -- post brexit, no major intern

mairee maire -- bruno le spoke with bloomberg.ys the tax code will eventually be harmonized across europe. >> it is always a strategy based on level playing fields. the same rules for everybody. when you are doing business in france and europe, you have to pay taxes. you cannot take the benefit of doing the business in france or in europe. you cannot pay the same taxes that other countries are paying in europe or in france. the same falls to all companies and all states. reporter: does that mean you want to lower the company text search way 5% everywhere in the eurozone? guest: we will over it from 30% to 25% until 20222. this is the second step. we want to have the tax harmonization among the members of the eurozone. you have 19 members of the eurozone. one currency and 19 levels of taxes and 19 different economic policies. we cannot go this way anymore. that is why we are advocating for tax harmonization. the first step of the tax harmonization at the open level will be tax harmonization between france and germany. i am quite co

we have the exclusive interview with the french finance minister, bruno le maire.is bloomberg. ♪ francine: you are watching "bloomberg surveillance" and i'm francine lacqua in london. here's taylor riggs. reporter: volkswagen's unit has been made part of a probe by munich prosecutors. allowgermany does not prosecution under criminal law, administered a probe is the tool prosecutors can use to sanction firms. of has sent $3.7 billion technology over the last five years and they are now saying the investment pay off. singapore's biggest bank sees significant improvement on the expense side of the business. he admits that online rivals, such as alibaba, are from little competition. >> we are becoming a little more startup-like. i have to say theirre are from the double competitors. one of the advantages they have is the cost of acquisition is very low. they are always sitting on a massive pool of hundreds of millions of customers, who they can cross sell into financial products very quickly. reporter: google's new diversity chief has pushed up against a male worker's

emily: that was french economy and finance minister bruno le maire in an exclusive interview.g up, masayoshi son wants in on the u.s. ride-hailing market. will the company back uber or lyft? we will break it down next. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. >> it is 11:29 in hong kong. i am deborah with the latest news. widenited states will sanctions against venezuela. we are told that the announcement could come on tuesday and it could be delayed while they await a coordinated response to the constitutional assembly. ofmakers ignore the sacking the chief prosecutor and the creation of a truth commission. afterother executives they preached money laundering and terrorist financing laws. there is a suit over a failure to report suspicious deposits that were transferred to other accounts or abroad. russia and kuwait have begun talks to fi

palace french economy and finance minister bruno le maire in an exclusive interview. up, masayoshi son once on the u.s. ride-hailing market. we will break it down next. this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile. it's a new kind of network, designed to save you money. mark: i am mark crumpton in new york. you are watching "bloomberg technology." notifiedean union has good safety authorities in britain, france, sweden, and switzerland. it is a precautionary measure that some eggs contaminated with insecticide might have entered their territory. the european commission today said germany and the netherlands notified the system over the weekend. tothey notified the s

that was french minister economy and finance bruno le maire on bloomberg earlier.one for me. i heard him speaking about two speed europe. julia: greater coordination between france and germany here. the corporate tax rate. what is the rest of europe going to say about that? scarlet: that will be a big question. france and germany working together, who would have thought that a year ago? if you bring it back to the united states, a lot of questions over what happens to president's plan to overhaul tax? is a tax reform, tax overhaul, tax cuts?? ratesies with high tax have been flying high since the election. not so much anymore. this is 80-75. the white line is the stock basket. you can see after the election, they outperform compared to the broader market, the s&p 500 in blue. since then, they have lost their edge and the s&p 500 has been trading near record highs. the high tax stock basket has not yet recovered. julia: significantly worse in the last few weeks. recognition since the order adjustable tax disappeared. t scarlet: where are they going to make it up? it