e.u. institution currently based in london but britain's departure from the e.u. in twenty nineteen means it needs to be relocated the city of amsterdam. nine hundred cities were originally in the running the dutch capital now has sixteen months to organize the move at an estimated cost of four hundred million euros well the first staff members of the european medical agency already arrive next summer so that's very very soon and then in april two thousand and nineteen we're planning to finalize to come from societies and then on january first two thousand and twenty everything should be ready and we should be welcome all the staff members the currently employs some nine hundred people but estimates suggest that twenty percent of positions could be cut as a result of the me from london. another city in celebration is paris who will host the european banking all thora take the selection was a blow to the german city of frankfurt which had been hoping to cash in on its reputation as a. european banking how. the shadows to banking all of this new stuff on for congo h

e.u. institution currently based in london but britain's departure from the e.u. in twenty nineteen means it needs to be relocated the city of. nine hundred cities were originally in the running the dutch capital now has sixteen months to organize the move at an estimated cost of four hundred million euros well the first staff members of the european medical agency already arrive next summer so that's very very soon and then in april two thousand and nineteen we're planning to finalize the conference to siltation and on january first two thousand and twenty everything should be ready and we should be welcome all the staff members the currently employs some nine hundred people but estimates suggest that twenty percent of positions could be cut as a result of the me from london. another city in celebration is paris he will host the european banking on thora take the selection was a blow to the german city of frankfurt which had been hoping to cash in on its reputation as a european banking how. the shadows the banking officers the stuff on four com got hit so pretty

e.u. institutions the twenty seven remaining member states are already carving up the spoils of britain's departure from the european union. compass is like this are often used for school design and technical applications the biggest components the poems are made from metal that contains lead to some countries thoughts a problem overnight south korea reclassified a compass from drawing a quick mint to a child's toy which isn't allowed to contain lead that's just one of the many measures countries have used to restrict imports. a company like step which exports eighty percent of its product is directly affected by tactics like these. you're going up one of two not really can't really tell if these are protectionist measures or if there are regulations like standards that are changed by the e.u. or if there are regulations from other countries sometimes it's hard to tell them we try to react immediately to check our role materials and all the manufacturing processes so we can adjust accordingly i'm going to the heart of. the company was founded in one thousand thirty four and is now present

e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. there's a lot of thought poured into the practicality of a product before it can be made the process is called design thinking hasso plattner institute of design thinking is now bringing its role the european approach to the discipline in south africa. it might look like something you'd find in a preschool but these toy boxes are actually part of the school of design thinking in cape town. today twenty post grad students are embarking on a three month long foundation course it's. the concept of design thinking was developed by industrial designers in the one nine hundred sixty s. with one core principle putting the needs of others first program manager can you weigh money i think this kind of method can be applied well in an african context. i think in africa we've been trying to solve some of the complex problems that we have in the way we've been doing it is that

e.u. institution currently by.

e.u. institutions here in brussels particularly the commission is here to represent the spanish side and that is why officials here say you know they would be not suited in order to play any form of negotiator or. affiliate or two to help either of the sides they would not be a good partner because they are a bound by the rules of this club of nation states to represent the spanish side and also they made clear that the catalan leader acted in defiance of spanish law and upholding the rule of law is something that all twenty eight member states on the last summit said on the catalan crisis is key to the even policy already and let's talk a little bit about callowness that deposed leader carlos put him on and he is of course still in belgium any update on what the about and judge has decided will happen next to put humans and his associates. apparently the belgian just wants to hear puts them on and these other four ministers that are here with an interest with a european arrest warrant but free to walk out of the country under the obligation not to leave belgium so he wants to hear them again

e.u. institutions currently based in london most certainly leave by march twenty nine thousand when the u.k. actually brecht's it's more than twenty cities are vying to host them among them the german city of bonn milan and italy or amsterdam in the netherlands that want to host the european medicines agency with almost nine hundred employees financial hubs frankfurt dublin luxembourg paris and vienna are among those bidding for the european banking authority with its one hundred eighty workers those institutions also attract plenty of other jobs and money so their host cities organizing hundreds of conferences and events with experts from around the world together they book thirty nine thousand hotel rooms in london each year just to give you an idea no candidate cities will find out later today if their bid was successful as britain's vote to leave the e.u. will see many foreign citizens leave the country demand for english lessons has plummeted hitting those whose business it is to get people talking. that sound marks the start of classes that ox field language school in north west londo

e.u. institutions the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. meanwhile the e.u. is to end on line territorial restrictions known as geo blocking by the end of twenty eighteen that prevents consumers from shopping on websites based in a different country its parts. of the blocks push towards a digital single market blocking identifies a consumer's location prevents parsing all foreign retail websites under the new rules websites cannot differentiate between customers from in member states for the sale of online services or goods so consumers will be able to buy services at a specific location such as tickets for on a vent in a nother country. well for more on this let's turn to a financial course what i call a had was an in frankfurt now conrad surely online platforms have got to be seeing the euro signs with this piece of news. or some of them for sure because this regulation allows businesses in the future to axes all of the consumers in the european union with only one technical and business platform and on the other

e.u. institutions currently best in london will certainly leave by march twenty nine hundred when the u.k. actually breaks its and more than twenty e.u. cities are vying to host them among them the german city of bonn milan and italy or amsterdam and the netherlands that want to host the european medicines agency with almost nine hundred employees financial hubs frankfurt dublin luxembourg paris and vienna are among those bidding for the european banking authority with its one hundred eighty workers both institutions also attract plenty of other jobs and money to their host cities organizing hundreds of conferences and events with experts from around the world together they book thirty nine thousand hotel rooms in london each year just to give you an idea not candidate cities we'll find out later today if their bid was successful and of course we will tell you who came out on top. three u.s. citizens are facing new travel restrictions to cuba this months as the trump administration adopts a more hawkish stance on opening up to the communist southern neighbor travelers will now only be allo

e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. unemployment continues to be a major problem around the world especially for people between the ages of fifteen and twenty four the latest report by the international labor organization estimates that more than seventy million young people are jobless this year that's an unemployment rate of over thirteen percent global youth unemployment peaked after the financial crisis in two thousand and nine and exceeded seventy five million but dropped steadily in subsequent years until began creeping up again as you can see towards the end the ilo says that it could hit seventy one million next year although europe as a whole is not suffering too badly young people in southern europe still often have few or no job prospects in spain every third person under twenty five is unemployed . that's it for y'all business news i'm going to hand you back over to brendan and look at the

e.u. institutions currently based in london will be looking to leave by march twenty ninth team when the u.k. actually breaks its no more than twenty cities all vying to host them among them the german city of ball italian city of milan and in the netherlands now they're all hoping to host the european medicines agency with nine hundred employees financial hubs frankfurt dublin luxembourg paris and vienna they're among those bidding for the european banking all thirty with its one hundred and eighty employees of course both institutions or so attract plenty of other jobs and monies to the host cities and organizing hundreds of conferences and events there from experts around the world just to give you an idea to get the they book thirteen no i thousand hotel rooms in london each year so certainly very lucrative canada cities will find out later today whether the bid was successful and as portions vote to leave the e.u. will see many forward a uses since neve the country to mom for english lessons has plummeted hitting those whose business to business it is to get people talking. that sound m

e.u. institutions whether the mayor still like it or not and many of them are very europhile the e.u. has to represent the spanish side and madrid all right i've got thirty seconds left take care what's next for carla separate human can he participate in those snap elections taking place december twenty first. i have the feeling that we will have to get used to if you want to call it propaganda organizations propaganda beatings like this one a lot more he said he will campaign for this election and he will continue to do so and today was one of the examples how he wants to push his case international i advise the case of four catalans in the heart of brussels in the heart of the you are right the alsa can land leader and his entourage making as their case in brussels did have used modest reporting thank you. and i want to tell you now about some of the other stories making news around the world. russia is battling over twenty four fires in its southeastern or p. mori a region the emergencies ministry says firefighters are fighting the flames both on the ground and from the air officia

e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. now something i'll keep in mind when i'm shopping for my favorite pair of shoes the european union is to end on line territorial restrictions known as jewel blocking by the end of twenty. eighteen geo blocking prevents consumers from a shopping on websites based in a different e.u. country is part of the union's push towards a digital single market under the new rules websites must not discriminate between customers from different e.u. states the online sale of services or goods that will help stimulate competition within the european union and encourage cross border train. coming up with a good design isn't as simple as turning a rough sketch into reality there's a lot of thought poured into the practicality of the product before it can be made the process is called design thinking the hasso plattner institute of design thinking is now bringing its rather european

of switzerland and how it makes its money but on the other hand there are also huge institutional interest in the e.u. and the united states in increasing transparency do you think that would be a consideration for the judges. to think that you have to consider that thing chuck you call to make a decision. due to political issues as a charge you actually forced to use the law to apply the law which was. agreed to and set up by the parliament they don't have any room to make any political decision in theory in practice it looked different because i was found guilty by a late things his bank suit his seat twice at lower court of at least twelve talk just looked at the case and they said i'm guilty so therefore they may have made a political decision now now mr o'mara i think we can still agreed that the swiss secrecy a lot has been under pressure from a number of western players most notably the united states and also the european union there has been some action against this ways banks and i heard the experts say before that as the swiss bankers ability to paddle a secrecy decreases they may come up w

e.u. rules will apply if it's any institution. here is the situation.heir revision of the markets instruments. it goes into effect in january of 2018. it is set up and the way brokers share information, sniff out the best prices, and get paid. many of the rules requiring brokers to synchronize clock and store recordings of phone calls are designed to give regulators information to reconstruct events quickly if things go wrong. others unravel conflicts of interest like the practice of routing trading commissions go for investment research. to address worries about automated trading, algorithms must be registered with new regulators and include circuit breakers that can shut them down. financial firms are building data reporting systems to deal with it. consulting firms estimate it can cost close to $2 billion to build it. some of the guidelines go much further than the dodd frank regulations in the u.s. this is the argument. banks and brokerages say regulators are overreaching. by forcing the disclosure of prices, trading may be inhibited and market liqu

the hat for both agencies brussels for example already home to vast government institutions it argues that having as many e.u. bodies in one place as possible is the way to go. a lot stay with this decision not only does it help shape the landscape of the bracks it but when it comes to the e m a medical experts say nothing less than the future public health is at risk if it stars aren't happy with the choice it's fit many could refuse to leave london so the importance for us will be that the business continuity of the agency is ensured and that access to life saving treatments is not delayed or reduced for the patients in the u.k. and in europe so will it be beaches bikini's and banking the sun sea and science labs that's what e.u. leaders will have to decide later today. and of course we will tell you the result and it's now back to gerri. thanks christine. foreign ministers from asia and europe are meeting in myanmar as international concern grows about the plight of real hinge or refugees from the country although the focus of the asia europe meeting is security ministers are expected to pressure on sochi

the hat for both agencies brussels for example already home to vast government institutions it all views that having as many e.u. bodies in one place as possible is the way to go. a lot stay with this decision not only does it help shape the landscape of the bracks it but when it comes to the e m a medical experts say nothing less than the future of public health is at risk if its staff aren't happy with the choice it's fit many could refuse to leave london so the importance for us will be that the business continuity of the agency is ensured and that access to life saving treatments is not delayed or reduced for the patients in the u.k. and in europe so will it be beaches bikini's and banking the sun sea and science labs that's what e.u. leaders will have to decide later today. top stories at this hour in germany preliminary talks on forming a new government coalition have collapsed they ended after the business friendly free democrats pulled out the party sided irreconcilable differences with merkel's conservative alliance and the greens. could now try to form a minority government or face new elections. and

hat for both agencies brussels for example already home to evolve government institutions it all cues that having as many e.u. bodies in one place as possible is the way to go. a lot stake with this decision not only does it help shape the landscape of the post breck's it but when it comes to the e m a medical experts say nothing less than the future public health is at risk if it stops on happy with the choice it's paid many could refuse to leave london so important for us will be that the business continuity of the agency is insured and that access to life saving treatments is not delayed or reduced for the patients in the u.k. and in europe so will it be peaches bikini's and banking sonthi and science labs that's what easy leaders will have to decide later today. and of course we'll tell you the result u.s. citizens are facing new travel restrictions to cuba this month as the trump administration adopts a more hawkish stance on opening up to its communist southern neighbor travelers will now only be allowed to move around in groups and hotels they can stay and are being restricted to new policies are a bl

institute a north american studies thank you so much. of course we use the e.u. in the united states of criticize china for its restrictions on foreign investment in the finance sector now china is gradually opening up the industry according to the country's finance ministry foreign entities will now be allowed to own the majority in banks asset management and security up to fifty one percent instead of the previous cap of forty nine percent and in three years all the restrictions on foreign entities will be lifted the chinese government says this is the right time to liberalize the financial sector. that is certainly something that to my colleague at the frankfurt stock exchange daniel corp was listening to very closely daniel why is now such a good time to liberalize the chinese market. while i feel monica that this again has to do a lot with donald trump and his latest politics because of course china has had this impaired for image for a long time to do very difficult to be very difficult when it comes to foreign investors and i do feel that they are just tha

we have some latitude in flexibility because being a global institution, we already 26th e.u. 22 of thentries. we are already there on the ground we already have connectivity. it's not that we have been operating in the u.k. and going into those territories on an ad hoc basis. we have been on the ground and we had the connectivity. areas where we have chosen and where we think fit us well into the future coming years ago before brexit, we made a significant investment into ireland and we have our european bank already headquartered in ireland. that gives us for passporting capabilities across europe and the continent, so that is done. we are in the final stages of deciding where certain clearing activities will take place. it has been in the press and i'm happy to say we have been in late stage conversations with frankfurt on that. next there was report overnight that some of the banks met with wilbur ross over in london and really said time is wasting. the u.k. has to sort this thing out or we will have to move a lot of people i've london. is that true for citigroup? are you looking at

the hat for both agencies brussels for example already home to vast government institutions it argues that having as many e.u. bodies in one place as possible is the way to go. a lot stay with this decision not only does it help shape the landscape of the bracks it but when it comes to the e m a medical experts say nothing less than the future of public health is at risk if it staff aren't happy with the choice it's feared many could refuse to leave london so the importance for us will be that the business continuity of the agency is ensured and that access to life saving treatments is not delayed or reduced for the patients in the u.k. and in europe so will it be beaches bikini's and banking on the sun sea and science labs that's what e.u. leaders will have to decide later today. when american investment bank goldman sachs will have hops in paris and frankfurt breaks it goldman c.e.o. noida blankfein told french newspaper le figaro the employees currently in london will be able to choose between the two cities off the u.k. leaves the bank will also han yusof to help fill out the offices goldman currently ha

institutions based in the u.k. will lose eu passports. so they will need to rely on other forms to continue to provide business in the e.u.washington, the u.s. senate is preparing to vote on his version of the tax reform bill. guests on bloomberg television have plenty to say about the proposals under discussion, starting with nobel prize-winning economist paul krugman. ♪ paul: there is a case that the marginal tax rate has the two highest tax rates. the actual collections is not too high, but 35% is too high at the margin. a true tax reform that broaden the base and brought it down, actually, paul ryan's original proposal was a pretty decent proposal with a lot of bipartisan support. it died because of republican opposition, but that was ok. >> one of the most contentious parts to this whole debate, the tax breaks that upper-middle-class people, particularly in blue states, enjoy. homeowners were talking 401(k)s, that fell out, and of course the state and local tax elections. is there an argument that the tax reduction that people feel like they have a right to, or sacrosanct, it is time to get rid of them? is there some

e.u. institution currently based in london but britain's departure from the e.u. in twenty nineteen means it needs to be relocated the city of. nine hundred cities were originally in the running the dutch capital now has sixteen months to organize the move at an estimated cost of four hundred million euros well the first staff members of the european medical agency were already arrive next summer so that's very very soon and then in april two thousand and nineteen we're planning to finalize the conference disability and on january first two thousand and twenty everything should be ready and we should be welcome all the staff members of the e.m.i. currently employs some nine hundred people but estimates suggest that twenty percent of positions could be cut as a result of the me from london. another city in celebration is paris he will host the european banking on thora take the selection was a blow to the german city of frankfurt which had been hoping to cash in on its reputation as a european banking hub. the shadows to banking on the stuff done for congo hits a p