the plan over what it calls serious competition concerns let's just listen in to what your competition commission. had to say our investigation showed that the merger would significantly reduce competition in several signaling markets and for very high speed trains. the merged company would have become by far the largest player in europe and in some signaling markets there would be no competition there now it's all about competition let's talk a little bit more about that with our financial market correspondent blitzer joins us in frankfurt and to peter klepper from the open europe think tank in brussels hello to both of you and i'd like to start with you peter open europe of course is known to be let's say quite critical of the e.u. what do you make off today's detail is it time to take perhaps a victory lap. i don't think this is a good decision. way of defining competition i think as long as there's a possibility to enter the markets even if there's only one player there's effective competition and indeed in the past the european commission has been complicating all their mergers like for exam

competition commission immigrate of a stogie pulled the emergency brake on the deal. after our investigation showed that the merger would significantly reduce competition in several signaling markets and for very high street trends the merits company wouldn't become by sar the lowest paying europe and in some signaling markets there would be no competition that's. what he's done business is very blunt joins me. max what has been the reaction to the news this. the chief executive of siemens was very quick to react ok he said that this isn't proves that europe urgently needs structural reform in the way it shapes its industrial future in a globally connected world so not very positive reaction here also from the few you parliamentarians we have heard of so far they're calling this an own goal and put it in there the french finance minister already anticipating this decision in the last day said this is an economic mistake serving the interests of china of blocking is very for the e.u. and office in three decades is banned destine touchy why did officials veto this partic

the plan over what it calls serious competition concerns let's just listen in to what your competition commission. had to say our investigation showed that the merger would significantly reduce competition in several signaling markets and for very high speed trains.

competition commission of a stock is not expected to approve the merger in europe the alliance would be close to a monopoly but zemin are more concerned about the global market the main competitor is a state owned corporation make that a super conglomerate emerged from two state owned corporations. chinese own c r r c is planning ultramodern projects for example trains that don't run on rails. the newseum is our store merger would have to keep track of new developments. it's to india now where researchers say the country's camel population has fallen by thirty percent in recent years as the animals have been replaced by motorised forms of transport now that is bad news for those whose livelihoods depend upon camels now a new market is opening up that could bring the boost those people need. for centuries they were known as the majestic ships of the desert but technological advances have seen the reliance on the camel slowly declining the days of nomads like ritesh reich and his family leading caravans hundred strong are all but over. well i'm about earlier we had around one hundred f

reject the plan over what it calls serious competition concepts as listen in to what your competition commission emigrated to say. our investigation showed that the.

reject the plan over what it calls serious competition concepts as listen in to what you competition commission. had to say.

competition commission imitative a stock is not expected to approve the merger in europe the alliance would be close to a monopoly but zeman are more concerned about the global market the main competitor is a state owned corporation make that a super conglomerate emerged from two state owned corporations. chinese own c r r c is planning ultramodern projects. for example trains that don't run on rails and new zealand's austell merger would have to keep track of new developments. and earlier we asked our financial correspondent in frankfurt what the reasons are for wanting to block this merger. the two merged companies would make up about forty percent of the european market share in the commission is just worried that this kind of monopoly might be too much that it might derail the competition and there for leads to to less choice and ultimately to higher prices for consumers we saw with the breakup of the energy sector in europe how that brought down prices back or have tried to make the e.u. look at at the broader picture not just look at the european market but look at china for exa

competition commission immigrate of a stogie pulled the emergency brake on the deal. our investigation showed that the merger would significantly reduce competition in several signalling markets and for very high speed trains the merged company wouldn't become by far the much in spain europe and in some signaling markets there would be no competition that fast. and he was very she's max hoffman joins me now how has the news gone down there where you are well the press conference wasn't even finished yet that we had a first reaction from siemens from the head of steam as joke has a who said that this decision proves that europe urgently needs structural reforms in the way shapes its industrial future in a globally connected world and since this decision wasn't to subpoena. the french finance minister already before this decision even was officially announced said that it is they cannot make a mistake and it will serve the interests of china so those two not very happy of blocking not just is fairly rare for the e.u. antitrust office in three decades is banned less than

service has to compete fairly with other portals for ad space at the top of results pages use competition commission among greater vest find google two point four billion euros for abusing its market dominance in this area but the commission didn't say this is what you have to do all it said was you can't do that you have to change it so google responded in a creative manner to its advantage. giants identify a company as a significant threat they often undermine it or acquire it for example facebook bought instagram and what's up there of course to break the dominance of big data powerhouses. is to anonymize the data and make them available to other companies to enable competition. is it realistic to think one can curtail the power of these companies. yes if there is the will and an understanding of what needs to be done. the firms have so far been subjected to little regulation of pushback from governments the e.u. being perhaps a notable exception one problem is the speed at which they change and adapt another is their popularity they provide free services to billions of people under the circumsta

antitrust office reject the plan over what it called serious competition concerns europe's competition commission not my going to fester broke the news. our investigation showed that the merger would significantly reduce competition in several signalling markets and for very high speed trains. the merged company wouldn't become by so far the lowest paying europe and in some sickening markets there would be no competition that. these two companies had planned to share a single track on the left is the i.c.e. from zeman and on the right the french t.g.v. train from i'll stop the german and french corporations as well as their government are on board with the merger together they want to stand up to the chinese industry leader and that c r r c with an estimated annual turnover of twenty four billion euros togethers evens and house them would have achieved just over half that figure the canadian train manufacturer bombarded a is lagging far behind siemens and alstom warned of the overwhelming chinese competitor c r r c but in vain. the state controlled supply of trains in china c r c has more than ni

competition commission imitative a stock is not expected to approve the merger in europe the alliance would be close to a monopoly but zeman are more concerned about the global market the main competitor is a state owned corporation make that a super conglomerate merged from two state owned corporations. chinese own c r r c there's plenty ultramodern projects. for example trains that don't run on rails. and new zealand's austell merger would have to keep track of new developments. on japan. it's nine month operating profit for close to thirty percent trying to it's to slash its fully a full cost it dropped to something. says in north america and equity investment losses though back from a potential no deal bricks it also has a carmaker what it is predicting annual profits of one point nine trillion yen or just under fifteen billion euros that's down from earlier estimates of more than eighteen billion euros. some were faces also at the german comic a dime's last year's profits fell twenty nine percent to seven point six billion dollars last year despite selling more cars the auto gian

the eu's competition commission blocked the tie—up, saying uniting france's alstom with the rail armgher prices. the chancellor could miss a key budget target next month because he can't reduce spending as much as he planned. that's the view from the country's oldest independent research institute, the national institute of economic and social research. it's cuts its forecast for british economic growth this year to 1.5% — down from the previous forecast of 1.9%. it's blamed a slowdown in the uk, and overseas. that's a difference of 0.04%. ——that‘s a difference of 0.4%. earlier we spoke to amit kara, national institute of economic and social research. brexit uncertainty has intensified and this is dragging down economic growth in the near term, and unless this uncertainty is resolved, economic growth will remain weak for a prolonged period of time. we are also saying that if, at the end of this process, the uk ends up without a deal, that economic growth will slow down quite sharply but it's unlikely to be a disaster for the simple reason that policy will step in. there are some cont

a decade after the competition commission kiboshed a similar idea, the bbc and itv are bringing britboxmonths, as the bbc is currently pushing for. no licence fee money will be spent on this. what should we call each other? instead, it will be archive—heavy, with the best of british programming, including titles such as downton abbey. who pays for it? oh, good. let's talk about money. but some people are sceptical about paying for yet another service. so this is a way of us saying, you know what, you've got iplayer for at least 12 months. after that, you've got britbox with the best of british, which all our polling says and all the work we've done says people really, really want, giving access to that — and, by the way, any money we can make out of that we can invest back into content. but the challenges for any new entrant to this market are immense. us giants disney and at&t are launching their own streaming services later this year. that's on top of glitzy offerings from hulu and amazon, and the near colonisation of younger minds by the digital narnia that is youtube. in the age of

a decade after the competition commission kiboshed a similar idea, the bbc and itv are bringing britboxor 12 months, as the bbc is currently pushing for. no licence fee money will be spent on this. what should we call each other? instead, it will be archive—heavy, with the best of british programming, including titles such as downton abbey. who pays for it? oh, good. let's talk about money. but some people are sceptical about paying for yet another service. so this is a way of us saying, you know what, you've got iplayer for at least 12 months. after that, you've got britbox with the best of british, which all our polling says and all the work we've done says people really, really want, giving access to that — and, by the way, any money we can make out of that we can invest back into content. but the challenges for any new entrant to this market are immense. us giants disney and at&t are launching their own streaming services later this year. that's on top of glitzy offerings from hulu and amazon, and the near colonisation of younger minds by the digital narnia that is youtube. in the a

the eu's competition commission blocked the tie—up, saying uniting france's alstom with the rail armhe uk economy. we had a market report the other day which was saying it was down on manufacturing. this is the oldest independent research group in the country. what is come out with is, it has downgraded its forecast. it is expected to have 1.9% but it will get 1.5%. if you work it out, there's a difference of not .a% of it is about half of 1%. this is quite a big downturn. not a downturn, quite a big markdown is it we re downturn, quite a big markdown is it were for the uk economy. a number of factors, slowing european economy, slowing growth in china, brexit and certainty, a number of factors come into play. we talked to a researcher at the national institute of economic research. brexit uncertainty has intensified and this is dragging down economic growth in the near term and unless this uncertainty is resolved economic growth will remain weak for a prolonged period of time. we are also saying that it's come at the end of this process, the uk ends up without a deal that economic gr

announced well over a year ago and how does europe's answer to fierce competition from china now all a dream of the e.u. commission today prohibiting the merger on grounds that it would harm competition within the block take a look. our investigation showed that the merger would significantly reduce competition in several signalling markets and for very high speed trains. the merged company wouldn't become by far the lowest paying europe and in some signaling markets there would be no competition that. these two companies had planned to share a single track on the left is the i.c.e. from zeman and on the right the french t.g.v. train from i'll stop the german and french corporations as well as their government are on board with the merger together they want to stand up to the chinese industry leader and that c r r c with an estimated annual turnover of twenty four billion euros togethers evens and house them would have achieved just over half that figure the canadian train manufacturer bum body is lagging far behind siemens and alstom warned of the overwhelming chinese competitor c r r c but in vain. the state con

the tie a bullet would enable them to take on four rivals but the european commission expressed concerns about the competition in europe this despite the fact that siemens and also offered to let go of fifty percent of their assets to make the merger happen. for more of the story let's bring in our financial correspondent paul chris from branson frankfurt a poor christian one of the ears reasons for wanting this merger not to happen. well chris of the two merged companies would make up about forty percent of the european market share and the commission is just worried that this kind of monopoly might be too much that it might derail the competition and there for a lead to to less choice and ultimately to higher prices for consumers we saw with the breakup of the energy sector in europe how that brought down prices backers have tried to make the e.u. look at at the broader picture not just look at the european market but look at china for example where the c.r.c. the chinese railway company has managed to gain over seventy percent of the global market share when siemens alstom merged company would only make a

commission. jj competition for the sculptural design for the capital. competition for a sculptural design for the capitol. it to the gave redwood library in newport. of gilbert a copy portraitfamous profile of thomas jefferson. king's copy in the center. what is interesting is a similar illegible has an conscription is attributed to william thornton. the reason for this is unknown. it is in the state department collection. by many years, it was owned jefferson's descendents. to conclude, returning to the portraits of the thorntons, if your mother the first one i have like to summarize by saying first of the four artists who depicted thorton, the portrait by charles bird king is the most individualized and least stylized. with his head turned and attention elsewhere, it hints at a restless energy and a boundless curiosity and is almost what you would call a speaking likeness. not surprisingly, today, thorton was intrigued by the talent of a french portraitist. given his criticism of stuart's behavior about the portraits of washington, we might be surpris

hope of a tie up would enable them to take on foreign rivals but the european commission expressed concerns about competition in europe this despite the fact that the unions and also offered to let go of four per cent of their assets to make the merger happen. and earlier we asked our financial correspondent in frankfurt what the e.u.'s reasons are for wanting to block this part of west. the two merged companies would make up about forty percent of the european market share and the commission is just worried that this kind of monopoly might be too much that might derail the competition and there for a lead to to less choice and ultimately to higher prices for consumers we saw with the breakup of the energy sector in europe how that brought down prices backers have tried to make that you look at at the broader picture not just look at the european market but look at china for example where the c r c the chinese railway company has managed to gain over seventy percent of the global market share when the siemens alstom merged company would only make a war fish ten percent and that global market. was paul christ

perspective the tie up would have enabled them to take on foreign rivals the european commission expressed concerns for the competition across europe that despite siemens and also offering to let go of four percent of their assets to push the merger through. german holiday airline go manya has filed for bankruptcy after failing to come up with the cash to stay aloft the berlin based carrier says it has canceled all flights effective immediately the company is blaming broader economic factors for its demise including rising fuel prices but analysts say the airline management simply took too many risks. get money is fleet of thirty seven aircraft mainly fleet german tourists to hunted to destinations in the mediterranean north africa and the middle east it was the small and line that struggled to compete yes the company continues to focus on expansion twenty five new a three twenty passenger jets were on order from us that meant sizeable payments would do this year and next but give money a good run out of money in january it emerged that the airline was an able to pay wages to its eleven hundred employees that bookings

is hoping to merge their train manufacturing businesses to become more competitive on the international market and european commission antitrust regulators are expected to veto the deal wednesday because if it sets about its impact on competition within the. for the first time the pope has a knowledge of the role played by catholic priests and bishops and sexually abusing nuns and insisted that the vatican would do more to fight the problem this was a tricky return to business as usual for pope francis who is papacy has been dogged by abuse scandals and has been followed a triumphant event in the united arab emirates a mass attended by more than one hundred eighty thousand people. as the crowds cheer pope francis is cavalcade makes its way slowly into the zoe sports stadium in abu dhabi. all around the catholic faithful care to mark this historic occasion. here person. you know. each one i would imagine that. this country you. never imagined the. it's. this the first ever papal mass in the arabian peninsula and what some consider to be the largest show of public christian worship in the gulf arab region public displa

hoping to merge their trade manufacturing businesses to become more competitive on the international market with european commission antitrust regulators are expected to veto the deal on wednesday because of concerns about its impact on competition within the e.u. . even while germany has unveiled a new strategy to protect its industrial sector in the face of new challenges economy minister peter altmire unveiled the national industrial strategy twenty thirty in frankfurt a behind the snappy titles a sea change in german thinking the adult wants the state to intervene more in the economy to stop vital parts being sold off to foreign investors. from a german companies like siemens and thyssen krupp against hostile takeovers that's the goal of the german government's new investment strategy which elevates industrial success to the national interest after recent years or china by one company after another germany's economic affairs minister says berlin can't afford to sell its high tech peyton's to foreign powers. the flow but there is fear and i think that when certain countries and specific companies use very aggres

unions merging here would basically eliminate the european competition that's very important because that's of course what the e.u. commission is in charge of making sure that there is competition in the european union not on the global level here and that's what she said also repeatedly saying that the two companies had the chance to give remedies that actually work but they failed to do so in the eyes of the e.u. commission and actually mentioned china one brussels be criticised for leaving chinese dominance in the way of this sector unchallenged. already happening at the moment and this is not the first time it is happening because we have many examples in the last years where the chinese are moving in towards the european union getting ever closer for example they're operating in many countries on the balkans serbia that is not part of the european union and where the chinese are taking over a large part of the business they've also started the initiative i'm sure you're familiar with which is called the new silk road that will also affect the european union and they have been acquiring technology also technological stew

hoping to bridge their train manufacturing businesses to become more competitive on the international market but european commission antitrust regulators are expected to veto that deal. today because of concerns about its impact on proposition within the european union. well the thirty year old portuguese national widely believed to be the mastermind bit behind football leagues well he's gone public for the first time following his recent arrest in budapest hungary he spoke to the german broadcaster a.r.d. . a secret location in budapest it's here in this modest apartment building we're told wants to give his side of the story. on january sixteenth last he was arrested in the hunger area in capital in response to a portuguese arrest warrant on charges of attempted extortion and cyber crimes. he's under house arrest wearing an ankle monitor while awaiting a decision on whether he is a whistleblower who illegally obtained the documents which could exonerate him or whether he is a cyber criminal. which could lead to extradition. i'm a whistleblower what matters for me and for football leaks is the documents are out i

comparisons with with china what really then were the concerns of the commission the concerns were that by trying to increase competitiveness at a global level that they were going to stifle competitiveness at a domestic level and they said look you know if we're going to put our thumbs on the scales there we're going to prevent real competition here and as much in the area of signal technology not to get too technical that's something in europe that these this merger would have actually as merged company would have really dominated prices could have gone up that was their concern in what does the rejection of the merger mean for european efforts then to compete globally against china i think it's really going to spur this conversation further at an e.u. level we're already seeing officials from both france and germany saying whoa whoa how are we going to compete globally if we're not going to be allowed to have these kind of mergers others again. the stocks are saying you have to encourage competition within the market here it's important to note here peter a commie minister actually has an interest yesterday going for the

commission? steven: the concerns were that by trying to increase competitiveness at a global level that they wereoing to stifle competitiveness at a domestic level. they said, "look, if we're going to put our thumbs on the scales then we're going to prevent real competition here." especially the area of signal technology. not to get too technical, this is something that this merged company would have really dominated and prices could have gone up. that was their concern. brent: and what does the rejection of this merger mean for european efforts to compete globally against china? steven: i think it is really going to spur this conversation further at the eu level. we are already seeing officials from france and germany say, "whoa, how are we going to compete globally if we cannot have these kind of mergers?" others saying you have to encourage competition within the market here. it is important to note here, the economy minister has a strategy he introduced yesterday going for the same thing at a german level. so these conversations are happening now all over the place. how do we compete globally

want they want to go to so it's a shallow society it's all over the competition the ghost everybody can see everybody. makes a commissionwhatever a club is so that's how we make money. with bottle pop evan predicts you can earn as much as twenty thousand euros in commissions per event because london is a magnet for the super rich including of course those from india. they see we're with somebody good good good. indian businessmen have taken over london like crazy you know lots of little things is one of the biggest residences in any sort of tata indian business though he is the largest private employer in all of the u.k. india company is the biggest i would. never spends a lot of time in london not least to scout out new business ideas tonight he has a meeting at a fairground withstand a seventeen year old from france with a big idea he's looking for funding for his project a virtual reality headset for medical students to practice surgical procedures so a few weeks later heaven will invest five hundred eighty thousand euros in the young frenchman started a millionaire doesn't just want recognition in india he's seeking

commission. as it would have resulted in higher prices for the key to train safe. the announcement was followed by calls for changes to european competition rules. down yes name on the view that despite the strong over the past three years the group passionate has disappeared off parts margin was blolocked say say. when thehey sing the break p of alcatel alsthom? alcatel submission to nokia and also general electric. every time we want to fight for european champions we couldn't even full normal priority was competition. the halls as your eighteen up you'll be tickle crossfield or something what some blocked mergers have gone on to create solid separate companieses. in two thousand onone the commission refused t the merger of two elelectric giants schneider on local. totoday both companies a succesessful in their own right that revenues for two thousand and seventeen nearly twenty five billion yours for schneider. and i have a five billion for the call. to could lose onsite european companies to be competitive against the u. s. chinese so all the counterparts they need to innovate as we have high production costs. it's simply part of on d

he had been involved in competitions for his entire career. he almost lost the commission when a non-hearing sculptor came forward and said he should be considered. he competed for other commissions. he lost some, he won some, now he is 57 years old. he doesn't want to compete. henry bacon says ok. i am going to hire my mentor and friend. no one makes a fuss. another sculptor wants to do it. she is still around. she sought lincoln,. bacon chooses french. while people are considering that there is a slight problem, the government is not funding this. -- is now funding this. it is costing a fortune to dig piles in the swamp. adding to the budget. they said why don't we just take the same garden statue, make a replica, and put it in the lincoln memorial? a nice, standing lincoln. i don't know what french sent to henry bacon but it was apparently enough for bacon to tell a formidable lobbyist that he found the idea repugnant and that your husband would be turning over in his grave if he thought we were thinking of that. by the skin of his teeth, the idea was turned down. the i

called before congress or parliament european commission but as you're talking about earlier some of these smaller companies really is sort of gives them a competitivedisadvantage doesn't it. it absolutely does i mean they're stuck trying to play with the big dogs again going back to another story i actually covered not too long ago you know you've got facebook and google which are eating up all the ad revenue anyway so they're basically controlling where a lot of smaller companies. might pursue online ad that newspapers for example going to use all the last with reporters there they can hardly attract any advertisers because they're going to facebook and google so they control so much of the content they control so much of the advertising and when they change rules like this when they've been marketing to all these companies say the future is online the future is in social media get your business is out there and yet now they're raising the bar for the smaller companies to reach and they're only spending their time monitoring the content of the bigger channels so if it's effectively pushing a lot of these smaller upstart out but you know where ther