e.u. finance ministers think it's time for a change. if you're on top of that we will certainly discuss how to find different ways of pricing c o 2 we have a very successful european emissions trading system which refers to large industries. but we're currently in the process of finding out how we can cut c o 2 emissions in relation to mobility in relation to heating in relation to waste disposal agriculture and small businesses line for you the name of the country. the finance ministers didn't reach formal conclusions in the helsinki meeting on friday but a need was recognised to find a common approach to defining sustainable economic activity. now at the same meeting finnish finance minister had another key agenda point he said the european union should consider a boycott of brazilian agricultural products to get the government there to properly tackle the amazon fires into law said that his country has asked the thora tuesday to discontinue the import of beef from brazil he added that he was considering doing the same about soybeans

e.u. finance ministers are discussing different ways of costing c o 2 in helsinki they're focusing on taxing drivers people who heat their homes farmers and small businesses it squares a. number of industries number of jobs who are going to want a better. one can expect to downsizing and correspondingly we need to help solve regions and zones people do i just always felt like also all sorts of concerns seriously at the meeting of the finance ministers will probably not reach formal conclusions but the discussions should point towards the areas where consensus can be reached and following those discussions for us is the delhi is there and the league who is in helsinki beyond germany's finance minister there speaking of drastic measures that are necessary to stop climate change was he talking about. other 28 members the states agreed that something has to be done and something has to be done quickly in order to reach a carbon free society in europe in the by 2050 already and they all agreed that there has to be a price tag on carbon emissions not only for big companies also for small companies

e.u. finance ministers think it's time for a change. if you want to hope that we will certainly discuss how to find different ways of pricing c o 2 we have a very successful european emissions trading system which refers to large industries. but we're currently in the process of finding out how we can cut c o 2 emissions in relation to mobility in relation to heating in relation to waste disposal agriculture and small businesses like you to name because. the finance ministers didn't reach formal conclusions in the helsinki meeting on friday but a need was recognised to find a common approach to defining sustainable economic activity. now at the same eating finish finance minister meek island had another key agenda point you said the european union should consider a boycott of brazilian agricultural products to got the government there are 2 properly tackle the amazon fires into law said that his country he has asked the thora to used to this continued the import of beast from brazil he added that he was considering doing the same about

e.u. finance ministers at the euro group meeting on friday.environmental , social, and governance concernslaying a bigger role. a majority of investors inside a company with high integrity will outperform its peers, but it's ease -- but is it really good for investor concerns? for more, dani burger. dani: today is really the perfect day to be talking about the number one reason investors argue why esg leads to better returns, and that is lowering tail risk. if you are interested in an oil producer and a geopolitical event reduces output, you could have avoided it. sure, the returns between the carbon free index and the all world index look similar, but the idea here is that you shrink the left tail of your portfolio, so the upside risk might be similar, but the downside risk is better for some of these investments. but then, there is also the camp that says esg necessarily has to lead to lower returns. if investors are shunning these stocks, it means they are underpriced. so those who stay invested in them will get higher returns. in other words, they are the ultimate value play. we did se

e.u. finance ministers addressing climate change. they will do that on friday. this is bloomberg.we should provide the necessary funding for fighting against climate change. we need a green finance and we venues,have european our own european taxonomy to finance is the helping us against climate change. >> i believe we have to invest in green energy and green solutions for two main reasons, one being to save the planet, and the second one being to create jobs and growth. >> it is important that everyone knows we need to take further steps to stop climate change created by humans. that means we have to do that in our countries but also internationally, and of course on a european level. it is good also that this will be a central theme of the european financial policy. ♪ tom: "bloomberg surveillance." so much going on. our dubai team watching all that is going on across the middle east, and of course washington helping out there this morning as well. francine, off the bloomberg, my eyes are failing me. 65.51 on brent crude. single best chart on michael darda, phenomenal on the unde

despite these wind turbines beside bones farm on a 4 lane highway that were co financed by the e.u. . more than a 1000000000 euros have flowed from brussels to wales since 2014. murther to fill has done particularly well. the center of the former mining town was renovated with e.u. aid. the once shabby town hall is now a shiny new cultural center. but despite this most of its inhabitants want to leave the e.u. . people unhappy they feel the need for change and i think they see that leaving the new would be a change in where i know it's for the better over the us they just want something to happen at this point so i think if we went back to another buy it would probably be late again. too many regulations too much bureaucracy brian bowen knows the downside of e.u. agricultural policy. his son is also skeptical about brussels but with the current brics and chaos both men want to be able to plan securely. in the dock and we just don't know what's going to happen and is our future as i would likely urge for somebody to be. an os was going to happen in 12 months time like most honest busin

e.u. is unbending in particular german finance minister volved choice. appreciate your gesture to by the way i'm not your enemy. veteran director cos the governor attended the world premiere in venice his film dissects the ways the financial bureaucracy in brussels functions. that was the important thing for the movie. people. even sometimes. i think. there. are some of. the lines. but just the only spare of farkas was greek finance minister in 2015 he wrote the book the film is based on using recordings made meetings he attended as head of negotiations for the greek saeed the economics professor stubborn rejection of the bailouts terms and his radical view of the crisis made him a global media star the financial planners were not interested in warnings that the bailout conditions would destroy people's livelihoods and the fright charly economy we are highly desired as 5 of the new start up. governments our floor of the hilton. this will be dealt with by our superiors. for now we've come to request fires of the ports and the neighbor shipyards to put the

e.u. wide talks on migration do later this month. germany's finance minister has called for drastic steps to counter climate change on upshaw's made the appeal at a meeting with the e.u. officials in helsinki to discuss energy taxation he says an international approach is needed to help reach climate targets. to the united states now where teenage environmental activists great of tuna burger joint protestors in washington d.c. on friday she's in the u.s. capitol to raise awareness ahead of a united nations summit on climate change hundreds of mostly young people took part in the demonstration across from the white house demanding that lawmakers take action on global warming. i interviewed before the rally this week as teenager compared attitudes towards climate change in the u.s. where president trump questions climate science to those in her home country this is a lot of differences and also in the way we we talk bolt the climate crisis of course here it's more like it's more like something you buy the believe in or not believe in. where i run from i

e.u. wide talks on migration do later this month. germany's finance minister has called for a drastic step to counter climate change all of shaw's navy appeal at a meeting with officials in helsinki to discuss energy taxation says an international approach is needed to help reach climate targets. to zimbabwe now where tens of thousands of people are expected to pay their respects later today at the state funeral of former leader robert mugabe. coffin arrived friday at the national sports stadium in the capital harare for public viewing the arena can seat up 260000 people they ruled zimbabwe for 37 years after becoming the country's 1st leader following white minority rule he was ousted by his own military in 2017 and died in a singapore hospital last week at the age of 95. when d.w. correspondent. is standing by at the stadium in harare where the state funeral from gaba is being held hello to you on trans so tell us what's happening right now. the stadium is still quite empty maxime are full and it's it seems to be if you talk to people even on the st

connectivity from that in no pacific to the western balkans and africa the financing for the initiative will come from the e.u. as well as stakeholders and sponsor.

connectivity from that in no pacific to the western balkans and africa the financing for the initiative will come from the e.u. as well as stakeholders and sponsors including private investors and international development londoners while neither japan nor the e.u. directly framed the plan as challenging the belgian road mr juncker pointedly noted that the comic to the accord would develop a quote without mountains of debts that claim was taken as many as a subtle but clear allusion to increasing complaints from borrower countries regarding the debt burdens of belts and road projects. japan also unveiled a new trade agreement with a night of states this week one that notably did not address u.s. president donald trump past complaints about a legit unfairness in terms of u.s. japan trade on.

germany's finance minister has called for drastic steps to counter climate change all of shaw's made be appeal at a meeting with e.u. officials in helsinki to discuss energy taxation he says an international approach is needed to help reach climate targets. to the united states now where teenage environmental activists gretta to unburden joint protesters in washington d.c. and friday she's there raising awareness ahead of a u.n. summit on climate change hundreds of mostly young people took part in a demonstration across the street from the white house demanding that lawmakers take action on global warming. interviewed before the rally the swedish teenager compared attitudes towards climate change in the u.s. where president trump questions climate science to those in her home country is this is a lot of differences and also in the way we we took a boat the climate crisis of course here is more like it's more like something you buy the believe in or not believe in and. where i run from it's more like it's it's a fact it's. in zimbabwe tens of thousands of people are expected to pay their respects later today at the

connectivity from that in no pacific to the western balkans and africa the financing for the initiative will come from the e.u. as well as stakeholders and sponsors including private investors and international development monitors while neither japan nor the e.u. directly framed the plan as challenging the belgian road mr juncker pointedly noted that the comic to the accord would develop a quote without mountains of debt that claim was taken as many as a subtle but clear allusion to increasing complaints from borrower countries regarding the debt burdens of belt and road projects. japan also unveiled a new trade agreement with a night of states this week one that notably did not address u.s. president donald trump past complaints about a legit unfairness in terms of u.s. japan trade on cars and auto parts the decision to accept some modest incremental progress for now leaves the auto issue to perhaps be revived in the future depending on the increasingly impulsive u.s. president here to situate that news and. the world is the car coach lauren fix. welcome back lauren 1st you know 1st on this mini deal on tra

e.u. court ruled it received illegal tax benefits dating back to 2015 the judge just upheld and earlier decision that fia finance and trade paid insufficient tax in luxembourg underestimating the company's finances but in a similar verdict of the court struck down a case against starbucks the european commission had alleged that the dutch government gave the coffee company favorable tax treatment. thanks for watching. welcome to the what is the game here or do. you talk about. coverage. with your family scattered across the globe. turn to the government live. far away from somalia go live around the world. urgent assistance and. starts october. this is news africa coming up in the next 15 minutes the country with the worst housing in the world will tell you why the u.n. says that country is nigeria. at taps in zimbabwe is kept running dry but doesn't that cost foreign currency have to do with . the south african who could become the professional soccer player he dreamed up but is now gone see the world.

e.u. court ruled it received illegal tax benefits dating back to 2015 the judges upheld and earlier decision that he had finance and trade insufficient tax in luxembourg underestimating the company's finances but in a similar verdict of the court struck down a case against starbucks the european commission had alleged that the dutch government gave the coffee company favorable tax treatment. thanks for watching. oh. god. to make things right match glovebox keep still so dark and winds pakistan. it'll be all right man how to outsource potter to win its 1st game this season and berlin breathes a sigh of relief. 60 minutes to. take personally. with the wonderful chance to make the game so special. for all true fans. become more than football. this is deja news africa coming up in the next 15 minutes the country with the worst housing in the world will tell you why the u.n. say is that country is nigeria. and taps in zimbabwe skeptical run dry but does a lack of foreign currency have to do it.

finance minister on live shots that told parliament that policy would not change but that the government could pump billions of euros into the economy if necessary germany has the largest economy in the e.u. but it has shrunk in the past months a fuelling concerns that the country is falling into recession. note new debt that has been and remains sherman finance minister own off charlotte's smock so when he percentage germany's federal back should for 2020 that west no different plots him we've nonetheless ust all available yway it is an expansionary budget that includes many investments a decisions for the future the it's the right thing to do because we're facing big challenge us next year is german federal batches 1st sees a total of 360 $8000000000.00 euro or sense spending 41 percent off budget is son social welfare spending $45000000000.00 your or so or 12 percent off next year spec shit on defense and h. percent on transportation and digital infrastructure berlin has come for shock criticism from its international partners from not spending more as my nose each in my view it is essential if that with a solid financials basis that we now half we can react with many many billions of

finance minister. another official keeping an eye on brexit, the e.u.ommissioner who would like to make a deal with the u.k., but the leadership is not making it easy. >> there is an agreement. andbasis is if mr. johnson the british government want to change that, he has to come up with proposals. kailey: this is bloomberg. ♪ we call it the mother standard of care. it's something we take personally, and believe in passionately. it's the idea that if our mothers were diagnosed with cancer, how would we want them to be treated? that's exactly how we care for you. with answers and actions. to hear your concerns, quiet your fears, lift your spirits. with teams of cancer experts and specialists, delivering advanced treatment options and compassionate support every step of the way. all here in one place, with one purpose. to fight your cancer, together. that's the mother standard of care. this is how we inspire hope. this is how we heal. cancer treatment centers of america. appointments available now. ♪ welcome back to "bloomberg best." month, the people's ba

finance minister. another official keeping an eye on brexit, the e.u.de commissioner says she would like to make a deal with the u.k., but the leadership is not making it easy. >> there is an agreement. the basis is if mr. johnson and the british government want to change that, he has to come up with proposals. kailey: this is bloomberg. ♪ eÑ kailey: welcome back to "bloomberg best." i am kailey leinz. last month, the people's bank of china unveiled a major reform to its system of benchmark interest rates. a low prime rate each month hopes to encourage investment and fostering growth. the ceo told bloomberg exclusively why he thinks the new policy makes sense. >> you look at the lpi, it is almost like the equivalent of primary loan, and when they announced that and forced everyone to apply for this rate, when you look at the first day of the fixing, it was down at 4.2%. at that time, the medium lending was priced at 3.25%, in the equivalent of the best of the corporate client in china, if they were issuing the bond, the yield would be 3.05%. so you can

years he was the finance chief before becoming c all last year and since becoming c o the situation has not become better there's been a strategy going away from still then when the e.u. forbid a merger went back into still. proclaiming it's a key business there's uncertainty about the elevator division and now the supervisory board chairman is going to take over in the interim while the company looks for a new more suitable candidate arguably a poison chalice anyway only barter there in frankfurt for us thank you very much. a british exit from the e.u. without a deal is looking more likely by the day a nobel prize that can turn the french part of cali into a major choke point to prevent this france has introduced a new border system and it was comprehensively tested for the 1st time have a look. there are no long lines to be seen here at the dress rehearsal for a no deal brags that france has prepared itself for the emergency with a new digital border system. of the bridge that will have to reintroduce border checks even if the e.u. and britain don't impose customs duties exporters and importers will have to fill out forms again you can use our system to do that onl

e.u. white talks on migration due later this month. germany's finance minister has called for drastic steps to counter climate change on offshore oil it's made the appeal at a meeting with the e.u. officials in helsinki to discuss energy taxation he says that international approach is needed to help reach climate targets. to the united states now where teenage environmental activists get a twin burger joint protesters in washington d.c. on friday she's in the u.s. capitol to raise awareness ahead of the united nations summit on climate change under it's of mostly young people took part in a demonstration across the street from the white house demanding that lawmakers take action on global warming. were interviewed before the rally the swedish teenager compared attitudes towards climate change in the u.s. or president trump questions climate science to those in her home country is this is a lot of differences and also in the way we we took a boat the climate crisis of cause here is more like. it's more like something you either believe in or not believe

e.u. will be. it would be difficult to follow i think also also at the same time there would be certain industries that will thrive media finance particularly i can see trade and hard goods becoming more regional and things like intellectual property will be more and more for over internationally so that's a warning for the blades the 2 of them in if you take mr johnson as. a rebellious backbencher after he was for he criticized for these are moves deal was saying it would leave the u.k. in a client state relationship but your argument seems to be that relationship of people who are not in the big trading bloc is inevitable economically whatever the the political manifestation of the deal yeah i think i think you describe him as a rebel he's now in the seat of power and you can't rebel against detail you can rebel against the hard fact that he doesn't have a coherent plan b. in place and also i think what is coming down the road is britain needs to find a new economic model if you look at productivity in the u.k. it's a multi decade many multi multi century level so this is very important debate up meaning is when productivity

monday it's the latest blow to finance a bonus johnson and your opposition parties announce they'll continue to reject his call for a snap election until he's asked the e.u. to delay brags that he said he'll refuse to do so and wouldn't commit to resigning when asked earlier. that is not a hypothesis i am willing to contemplate i want us to get this thing done they don't want to have an election they don't want to move this thing forward far and we will get a deal on october 17th 18th and then we'll come out of the e.u. well anderson is joining us live from london so the 1st question obviously under is the fact that this law's been passed this bill rather has been passed so what happens next. well the house of lords the unelected upper assembly in the in parliament has indeed haast this bill which will block a no deal bret's of extending the deadline to january 2020 however the position that boris johnson is now in is that he's planning to try to get a general election underway on monday this will be the main sitting all of the 4 it prepares to be pro road which is suspended the behest of this government which they might well be regretting right now in t

e.u. but it has struck in past months and that has fueled concerns of the country as falling into a recession. no new debt that has been and remains chairman finance minister off charlotte's motto when he presented germany's federal budget for 2020 that was no different cuts him nonetheless used all available leeway it is an expansionary budget that includes many investments and decisions for the future it's the right thing to do because we're facing big challengers next years german federal budget 1st sees a total of $360000000000.00 euro since spending 41 percent of budget some social welfare spending $45000000000.00 euros or 12 percent of next year spent shit on defense and 8 percent on transportation and digital infrastructure but lin has come for sharp criticism from its international partners for not spending more as my nose it in my view it is essential that with a solid financial basis that we now have we can react with many many billions of euros if they're through recession in germany or europe and we will do it then. the opposition parties see that differently. as this is fairly fun for them it's completely irresponsible to nicely set a

e.u. do have skin in the game in this is no as 0 sum game they will as he says nor do their thousands of the business is financed out of london it will also need a deal yeah i mean in fairness they are preparing for a potential no deal is where at least that's what we're hearing coming out of brussels but going back to the u.k. i mean boris johnson may want to do this but his party parliament is there for the split so it's something that he's trying to push through but he may not necessarily have things go his way do you think an election on october 14th which is the day people are mentioning is likely now yeah i think it's a real possibility it was so hard. by force we always need the e.u. potentially to settle 11th hour he's going to take them to the wire but also he's got to be prepared that his bluff may be called hence why you have a general election and yes general election very volatile electorate bought look at the labor party look at the polls the tories are you know in some polls i think 1015 points ahead they could win does germany cool but i actually really want this but isn't the real threat from th