i came back in dcm and paul was my primary interaction and the relationship was getting stronger . we had more interactions more visitors from congress, ngos, from around town and they were hungry for information so we often took them to paul was willing to spend his time in order to help educate american visitors on the reality of lebanon and what was the best way to promote american lebanese interests and relationships and when i went back as ambassador i had the opportunity to interact with his father, foreign minister of lebanon in the 80s and who at that point and become the head of the university and one of the prominent educational institutions and lebanon in the north , but he had a special instinct and a way to bring whoever the current and arriving american ambassador was up north, sit down and tell them truths in a very of ocular way about how best to conduct a relationship he cared deeply about so the salem family has played a part in my life and it's great to reconnect with you and it's a pleasure to open this conference and i know you will hear vigorous debate about w

because the reality is that the dcms select committee has shown the danger to our democracy, to our verysian disinformation. back to the lords now, where the government came under pressure to call another referendum before brittany the european union. —— exiting. a so—called people's vote. but the idea of another vote was firmly resisted by a brexit minister. my lords, the government has been clear that we will not hold a second referendum. the clear majority of the electorate voted to leave the european union and the people's vote was in 2016. we must respect the will of the british people and the democratic process, which delivered this result. my lords, of course bearing in mind that vote would have no direct connection to the previous recommended as a separate matter entirely. would not the minister now undertake to make sure that a government led by either the present incumbent or whoever succeeds her, over the next short period, should really concentrate now on the examining of the incredible number of messages that were coming into all government departments about this as well, sa

dcms works closely with the telecoms sector in resilience issues, via the electronic communications resilience resilience activity and emergency response. the industry has a good track record of enhancing resilience, and we will be working closely with 02 on the wider sector to understand the causes of this incident and what lessons can be learned. you will be aware that 02 is not the only recent example of a lack of resilience of systems, but that the work undertaken by the government in preparation for a possible hard brexit has revealed a very large proportion of british business is driving extremely close to the edge of chaos. in terms of how little it would take to disrupt, seriously disrupt businesses and lives. will he encouraged his colleagues did encourage business once brexit has passed us to maintain the revisions they are making against the possibility of difficulties in the cause of us running a more resilient society than we apparently have been doing? in terms of telecoms which my department is responsible for, i can assure my noble friend, that we will continue to work with the

dcms works closely with the telecoms sector on resilience issues, via the electronic communications resilienceesilience activity and emergency response. the industry has a good track record of enhancing resilience, and we will be working closely with 02 on the wider sector to understand the causes of this incident and what lessons can be learned. he will be aware that 02 is not the only recent example of lack of resilience of systems, but that the work undertaken by the government in preparation for a possible hard brexit has revealed that a very large proportion of british business is driving extremely close to the edge of chaos. in terms of how little it would take to disrupt, seriously disrupt, their business and our lives. will he encourage his colleagues and encourage business once brexit has passed us to maintain the revisions they are making against the possibility of difficulties in the cause of us running a more resilient society than it is apparent that we have been doing? in terms of telecoms, which my department is responsible for, i can assure my noble friend that we will continue

david: at dcm, we invest in china, u.s., japan, and korea. we will continue to do that.e see a lot of opportunities, both on the consumer and enterprise side, and we will continue to look elsewhere in other growing areas like latin america and the middle east. selina: thank you so much for your time, david. staying on asia, bloomberg intelligence analysts take a look at the biggest scenes -- themes dominating the markets in 2018. >> we are thinking that the outlook will be challenging, after many years of breakneck growth in the industry. it will be driven by a combination of sectors. the first one is the macroeconomy slowdown affecting some of the sectors like advertising for example. ,>> the biggest concern is growth driver. it will be very challenging. we know that prices already started trending sluggish. and it shows weakening. >> tencent is still the biggest internet company in china. loved by ally well retail investors. it's online game segment will be probably under challenges and in but we see online games 2019, approval potentially re-stopping in china, but the

i mean when you think about ecm, dcm very weak, trading won't be good the universal banks have come down more diverse revenue sources so obviously the pain won't be as severe but the two investment banks its reflects it but we have to wait until january to see the fourth and a quarterer results and the question is when will the markets turn there seems to be a building up of the iepy peepline in the first quarter of next year. >> and finally, gerard, there seems to be punishment of the bank stocks because of the generalized fear of corporate credit risks, whether it's leveraged loans or other areas is that even an isolated worry in these banks at this point >> the credit outlook is very strong for the banks and it's appropriate to be concerned because we know from past this is going to be a problem area in the next credit downturn and that downturn will be linked to the recession wherever that comes but when you look at leveraged lending, the vast majority is being done outside the banking system that doesn't mean the banks are immune there will be a second derivative issue but the direc

i do want to just say, i know you're in saudi arabia now as a dcm. we heard the clearest testimony i've heard in 12 years and i've never heard a presentation like it was made today. there's no doubt in my mind that if the crown prince was in front of a jury he would be convicted unanimously of murder in 30 minutes. i do hope that somehow the administration will speak to this and i know that we'll take this issue up and it ties into yemen, as you know, because of the conflict that is taking place there. to allow a crown prince to plan the sawing up of -- the sawing up of a journalist to monitor that, to know that and for that to go without any statement from the united states of america of condemnation. could you share with me a little bit about how in a culture like saudi arabia how that affects a close-knit royal family and their sense of what they're able to continue to do once the world knows they've done this, and they move on with impunity? >> they are very important issues and the administration has condemned what happened to mr. khashoggi. it