challenge then to eu? david cameron has got to win the election next year out right to deliver a referendum in 2017. a small point that people have not seemed to focus on. reforms,do not get the it is not too bad as long as we negotiate a decent relationship. it is a close second that we would be outside the eu. >> within that dynamic, what you've got is a new president of the eu. i caught up with stephen booth. a great conversation. they said it depends on what the other states what a great. if we did not get the reforms we wanted and decide to go for a brexit, what shape would that be? how involved with the u.k. be on a trade basis? they say it is too early to say. it comes down to the economics of what you believe is good for the u.k.. no man will say -- everybody can say reform is wanted. demonstratedeu has with finesse beyond belief that this is not an institution which reforms easily. junckerpr disaster, in the seat as president. >> manus cranny. do not miss boris johnson's speech later this hour and

and eu sanctions. is the exit ahead? johnson says britain has nothing to fear from leaving the european union. welcome to countdown. a very good morning. two deals have fallen through. what is going on? reneges ont murdoch a 25 billion dollar offer for time warner when everybody thought it was not going to go anywhere,, does it matter? this has me puzzled for little bit. of course it matters. not everyone recognized the capitulation. if you look at the share price, investors thought he would still go for it. secondly, he has thrown a bone back to foxx investors. it is something they have not -- they were not anticipating. it is a bit rushed. we have both time warner and fox reporting this morning. >> you can imagine trying to defend. i think it is fascinating they decide to pull out of this deal so quickly. maybe they misjudged the timing. the buyback, what does it mean for shareholders? >> here we go. share price reaction was dramatic. 6%.shares rose about i love market psychology. time warner shares were just above $85

the eu receives 40% of its natural gas from russia. open sud de france eurozone shows inflation -- official data for the eurozone shows inflation has fallen. >> a new sign that the economic recovery is unsteady. on implement remains high at 11.5%. they were 18.4 million people jobless in the eurozone. >> the various crises around the world were just some of the factors on traders' minds. >> people here at the efforts pocket change -- frankfurt stock exchange kept a close eye on the escalating situation in the ukraine. that dominated the whole week. also a major factor, surprisingly negative economic news from germany. the business climate here is measured by the ifo institute, dropping for the fourth month in a row. the german consumer, for the first time in 1.5 years, was less optimistic than the time period before. so it is surprising that the dax made a gain for the week of about 1%, based on hopes that the europeans and the bank sees the dire situation and does even more to prop up the economy and the markets. >> let's look at clos

they want to be free to travel. >> eu legislation states that all refugees must remain in the first eu country they enter, but that lays -- laces the greatest burden on the countries along the land borders, so bulgaria has little motivation to stop refugees from heading west illegally, but it is highly motivated to stem the inward flow of refugees, as here near the borders to greece and turkey. the marshall at the bulgarian border post here as patrolmen who intercept most of the refugees sneaking across from turkey. >> the most active time is usually just after dawn. under cover of darkness, they moved to the border and cross at don, but, of course, this is not a good strategy. our cameras can see everything during the day and night. >> the eu provided millions of euros to help old area secure its border. much of it went for this high-tech fortification. the cameras keep a close watch on every meter of the border with the non-du member turkey. one way to deal with the crisis -- in july, bulgaria completed the primary component of its border surveillance system -- a fence topped with ra

they want to be free to travel. >> eu legislation states that all refugees must remain in the first eu country they enter, but that lays -- laces the greatest burden on the countries along the land borders, so bulgaria has little motivation to stop refugees from heading west illegally, but it is highly motivated to stem the inward flow of refugees, as here near the borders to greece and turkey. the marshall at the bulgarian border post here as patrolmen who intercept most of the refugees sneaking across from turkey. >> the most active time is usually just after dawn. under cover of darkness, they moved to the border and cross at don, but, of course, this is not a good strategy. our cameras can see everything during the day and night. >> the eu provided millions of euros to help old area secure its border. much of it went for this high-tech fortification. the cameras keep a close watch on every meter of the border with the non-du member turkey. one way to deal with the crisis -- in july, bulgaria completed the primary component of its border surveillance system -- a fence topped with ra

[indiscernible] eu to imposehe restrictions on russia. he says they should be aimed at weakening the russian economy and eroding support for vladimir putin at home. he told supporters eu leaders were ready to impose fresh sanctions. people in eastern ukraine have been cleaning up after the latest violence. during the night, the railway station and martin were bombarded in the separatist stronghold of donetsk. it is not known who was responsible. also unclear is how many russian soldiers are now fighting on the side of the rebels. russia continues to deny ever taking part in military action ukraine. of foreignthousands troops and hundreds of foreign tanks in his country. he warned that the conflict threatened to escalate into a war with russia. i think we are very close to the point of no return. the point of no return is full-scale war. happened in the territory controlled -- controlled by separatists. >> poroshenko said he hoped the talks on monday would lead to a cease-fire. max, there are surveillance photos that came out yesterday and

and eu products in russia. college retaliation for sanctions on the west. today's wildcard, johnson gets fired up over the european union and by the way, he wants to run for parliament, too. in motors, reserving a dinosaur from the golden age. what start off with everyone is talking about. yesterday was not a good day to keep a deal on the table. >> sprint once again set to end -- has0th century fox withdrawn a proposal to buy time warner. >> sometimes you need to know when to walk away. it was rupert murdoch who forred to buy time warner $75 billion back in july. if you remember the time warner chief shut it down. >> after consulting with our financial and legal advisors, we determined it is not in the best interests of time warner or our shareholders to accept a proposal or pursue any discussions with fox. offer was rejected back in july. time warner was not even willing to engage on the proposal. said thereay, fox was not going to be a deal if it did not benefit the investors. but his rupert murdoch really walking away from this deal? >> i think he is fr

the physical flow of gas from russia into western europe into the eu changes not at all. theonly difference would be counterpart is that the russians engage with and who picks up the tab where. if natural gas prices were arise, that is a material issue for the markets. we don't even know that yet. >> why they going down this road, ryan? is it to raise the voice in terms of saying look, this is a power that we potentially have, both politically and economically, or is that the reason? >> i think that is part of the reason. it is certainly a way to get the russians's attention. not only does western europe need the gas to heat our homes, ,nd i don't know about you guys but -- >> these are the largely -- >> 20% of the u.k. gas comes from russia. in the easternes eu, all of their gas comes from russia. , it may noting is be the best card to play think that is why we saw ukrainians back down. as soon as ukrainian start , thetening eu gas flows russians have been talking about having another pipeline that would go around ukraine called south stream. >> in a way it is out of sol

my two questions would me, 25 years ago eu was smaller. we now have a lot or regulatory heterogeneity. this on the put table given that there are very different legal traditions in europe, come on law, civil law. they really do very historically. to thend comment relates one behind which would be this is all about efficient the gains, which goes back a point to innovation. there is nothing here about the losers. 25 years ago the losers had structural funds, what will happen now? >> thank you. very good questions. you have some leading european s in the room. >> i will try my very best. one, and the outcome of the elections, and how do we interpret this? this was a very clear request for delivery. delivery of very precise outcomes rather than process. sometimes we are very good on process and we're not so good on outcomes. tries not to focus on process, this tries to focus on outcomes. of course it depends afterwards how would will be done. a specific these of legislation can look very differently and in the process of negotiation of benefi

. >> last week, the eu and u.s. stepped-up sanctions against russia over its role in the conflict in ukraine. those sanctions apply to new defense contracts, but the announcement goes one step further as it affects a pre-existing deal. >> winter maneuvers at a training center in eastern germany. the facility is one of europe's most modern and it was built by the defense conglomerate that wanted to take part in construct doing a similar center in russia . berlin approved the plans in 2011, befor the ukraine crisis. it has now emerged that economics ministers slapped a ban on the deal week ago -- weeks ago. >> i risk prolonging or incurring knowledge or expansion is a by allowing the export of a combat facility russia and that would be irresponsible. this is not about money, it's about human lives. >> they were contracted to deliver software, cameras and analysis technology. the canceled contract would have netted at least 100 million euros. officials are considering whether to seek compensation from the government bu

meeting.from every yesterday and today, we got solidarity in the eu. [indiscernible] why are we talking about and can't proceed to real solidarity and real engagement? unfortunately, too late, and after a number of tragic events like shooting down the plane of malaysian airlines by russian-backed terrorists. what is going on really now? i believe that the world faces now the worst security situation since the cuban missile crisis of 1962. it is indeed about our understanding of the situation. it is about de-escalation, but about understanding the implications for the future. we are still under attack in ukraine. than ever, the terrorist forces still occupy considerable part of the region, although we have been advancing quite considerably. it is a bout a number of russian citizens, mainly russian who have links to russian special forces, who lead the terrorists. who not about the people represent donetsk. it's about propaganda machine. population into believing that splitting is with ukraine would mean a cleaned late -- clean slate in life. building up

eu exported $9 billion worth of goods to russia last year.ed $1.2 billion euros of russian 2k3w5goods. that will have impact on food and drink industry and eu industry at large. >> absolutely. can't take afford to take other news. what sort of action are european countries taking right now? is there a scramble to look for other buyers around the world? >> for the time being, companies and governments are actually assessing what the impact will be. the list of products that are banned are not yet entirely shifted. products are added and removed. we have to wait until we have a final list before we can assess the impact. we have to assess the impact do country by country. until we have a final list, we don't know what the impact will be. we're getting ready basically. >> all eyes and ears on that. appreciate your time. we'll speak to you again sometime soon. thanks for your input and time. joining us live from brussels. >>> as you've been hearing, health experts are gathering for a second day of talks about how to tackle the ebola outbreak with

the eu is not perfect. the cbi global future report november last year looks seriously at other options to membership and concludes unequivocably that we are best served by remaining in the eu and seeking reforms which ban our collective prosperity. be constructively engaged with realistic targets and timetables so the reform, like our union here, the advantages of the eu far outweigh the disadvantages. we don't want a special deal to satisfy our measures but we do want europe to become a more efficient place to do business. agenda than lisbon treaty. for europe to be more open and more competitive creating the jobs that are so badly needed right across the european union. actually, we have many allies in europe who share these ideals. for most of the business organizations like the cbi -- liken it to many successful governments. we have to constantly improve and shrugged off things that stifle our competitive determination. with the new commission and parliament there's a window of opportunity in which to

and the eu.to go into eastern say thatthe russians is groundless, would be predicated on something entirely different. the pro-russian separatists in donetsk look like they are truly now under siege. they have said that if they do not get russian support in the form of russian troops than that maybe the end of them in the next couple weeks. that will dictate the russian president's decision. >> we will leave it there. let's turn our attention to the other big stories. bank of america is said to be nearing a deal with the united states to pay $17 billion to end its investigation. if the deal is finalized, it could be the largest settlement ever for the department of justice with a single entity. it is interesting that this will not all be in the force -- form of cash. $9 billion will be in cash. cash.not all going to be the impact on the bottom line won't be all at once. that full number won't be factored into the balance sheet. it may have some impact on transatlantic relations. france supported

the bailout is in line with eu state aid rules. we are joined on the phone we edward hugh calling from barcelona. edward, thank you for joining us. if we look at the new structure of who is running the bank, it felt like a nationalization anyway. i'm wondering what your thoughts are on the solution here. >> reporter: good morning, julia. nice to be back with you. well, really, i agree with you and it seems this is defective in what's happening. i'm not, let say, informed about the deal to go into comment at that level. but i mean, i would draw attention to two issues, the first is that the markets are now financing these sovereigns. and that means the conditionality of what can be exerted over time is not what it was before. i mean, the second place n particular portugal and italy, are running or showing debt levels which are not your responsibility. and it will push down the short-term growth expectations, which is surely going to be the case. and really begins to raise a question of are we going to see the restructuring? i mean,

there are top eu officials. it's not clear if poroshenko and putin will meet one on one. indeed even if he did, it's not clear exactly what would be the product of that. given the tensions going on now, expectations are actually quite low. angela merkel t the german chancellor said she did not expect a break through. some see the fact that they're in one room at least that there will be discussions as a form of progress. >> for now, many thanks. david is live in kiev. >>> meanwhile fierce fighting is continuing in eastern ukraine. steve rosenburg reports now from luhansk. >> throughout the morning we've heard intermittent artillery fire in the distance. we're told this is as far as we can go safely. fighting is going on 10 to 15 kilometers down the road. we've been talking to ukrainian soldiers on the ground. from what they tell us, we get the impression they have little optimism about negotiations between russia, ukraine and eu. that was the view of the local commander here. >> translator: what we need isn't talks. we need russia to stop sponsoring bandits. as soon as th

and eu -- eu. the restrictions are for one year and could hurt the u.s. and eu food companies.oblem for the man. rate is at a high for the first time since 2007 band the reserve bank of australia will cut interest rates further to spur growth. we have policy decisions from the ecb and the bank of england and both are expected to do nothing. over thed be split timing of the next rate increase. people whoring you are excited about the central-bank decision. reporteru.k. economics at bloomberg news. the video of the industry. i am excited him is the ecb and i have been -- a non-event? they have a lot more to contend with and they have russia, russian food imports sanctions coming and sanctions coming. there is a slowdown in europe and germany and they made the thet with the ecb that provocation of things could push the ecb towards quantitative easing and pimco said that they are 50-50 on the issue and what is happening in reality with inflation and the reality of the target. his onord that man said the case and it will be more interesting. >> 65 months of no change. >> surely the

-- the economic minister has repeatedly criticized french austerity policies and spoke out against eu mandated spending cuts. his room are brought down the entire government after months of occurring on how to pull the french economy out of the doldrums. in a farewell speech, he was unapologetic. >> the results of these austerity policies are clear. the french economy is in a slump and unemployment is rising to dangerous levels. while it is dropping everywhere else in europe stop >> the president has asked his prime minister to form a new government due to be presented tuesday. what is clear is he will no longer belong to it all stop the beleaguered resident has been attending ceremonies and brittany to mark the 70th anniversary of france's liberation from nazi occupation. he made no public comment on another reshuffle of his cabinet, the second and five months postop >> we spoke with our correspondent and asked him to fill us in on what is behind the upheaval in paris. >> the heart of this crisis is an economic question. so far, the french president has been trying to boost these sup

of --is not a great deal .our official eu sanctions what will be discussed is what the eu says it isgal imposition of a food and on products coming from countries that forced sanctions on russia and the first place. there will be an assessment of that, on the situation on the ground. all of the foreign ministers will have a say. no firm sense they will take action out of this. with the rock, they are leaning towards taking some action. , they areiraq leaning towards taking some action. clearly, arming the kurds is what everyone is talking about. it seems like they are heading in that direction. the germans are talking more about giving lethal weapons, lethal support to kurdish forces .ighting isil the french have done so. the british are in that direction. there is a greater degree of interest in having consensus on the iraq situation. some sort ofwith certainty they can expect support from the eu. 28 foreign ministers on the same page. >> thank you. let's get to our top corporate stories. the battle for vivendi is heating up. caroline hyde is here with more. the battle for this asse

some are taking the eu to court. >>> a warm welcome back to "gmt."ources in gaza say 18 alleged informers for israel have been shot dead. another 11 men were reportedly shot dead by what it called resistance. it comes a day after israeli air strikes killed three top hamas commanders in an air strike in the southern gaza strip. we're crossing live to gaza. my colleague from my bbc arabic service. t the numbers are pretty extraordinary in themselves. what appears to be going on here? >> reporter: well it seems like there's a new war now in the inside gaza city between hamas and other areas and also persons hamas say are affiliated with israel. this is what sources say, 11 killed west of gaza this morning. now midday they killed another seven. there were dozens from the palestinians including women and people around the area where the masked men opened fire towards number of palestinians. there was a small piece of paper thrown in the ground saying that all those participate to kill number of palestinians work with palestinians faction through this war.

the eu has just announced plans to recycle 70% of its waste by 2030. sustainability and environmental protection are considered important goals for which to strive. alternative sources of energy, for example, received except cities in many european countries. the romanian government invests heavily in hydropower plants. hundreds of kilometers of rivers make the carpathian mountains in romania a particularly suitable place to build hydroelectric plants, and who would argue against this source of energy that does not produce co2 emissions? you would think environmentalists would love it, right? think again. >> rivers full of fish with overflowing banks and lots of room for floods. there can be a bitter habitat for a fish otter. place like this still exist in the southern carpathian mountains, a region especially popular for flyfishing. he has been fishing here since his childhood, or rather, he used to. that's because further downstream, the riverbed has changed a lot. a hydropower plant has reduced water levels. the remaining water in the riverbed warms

and the eu.has ordered restrictions on food and agricultural imports for one year from countries that have imposed or supported sanctions against them. we have policy decisions from the european central bank and the bank of england. the ecb is expected to keep rates on hold near zero. mario draghi is weighing sanctions against russia -- if it will undermine a recovery. policy could be split over the timing of any rate hike. that will stay at a record low at .5%. the 78 our interest is nearing its final day. president obama calling on both sides to extend the cease-fire agreement. the u.s. is involved in talks with cairo to broker a lasting peace in the region. obama said another priority is to help gaza rebuild and repair the damage done after le four weeks of air strikes and shelling. the israeli army is withdrawn from gaza but says it is ready to act if, some violates the cease-fire. lows are here to stay for now. at least that is according to two surveys ahead of the ecb and the bank of englan

> russia is a major export market for many countries in the eu. european commission says the move is aimed at preventing an oversupply on the european market which could drag prices down and hurt growers. eurozone recovery has ground to a halt, according to new numbers from the eu statistics office which showed growth in the second quarter at 0%. analysts blame the slowdown on sluggish demand from russia. exports were down by 14%. sales to turkey dropped by 8%, but overall trade with international markets rose by 3% in june compared to the same time last year, driven by strong demand from china and south korea. germany's dax index bounced back from the losses it suffered last week. our correspondents and this summary from the frankfurt stock exchange. >> prices went up again on the german stock market after the steep decline of the german dax on friday shortly before the end of trading. these heavy upswings and down swings on the market are assigned of insecurity among investors about the further direction of the markets. at least one positive hit

the eu and u.s. have condemned russia's latest move, saying it runs counter to an agreement with the red cross. the icrc was to export the -- escort the convoy, but it backed out because of the volatile security situation. kiev says neither its customs officials know the red cross know the contents of all the trucks and that the delivery is a ploy to resupply separatist forces. so far, moscow has ignored international calls to withdraw. >> our correspondent joins us now from kiev. ukraine is talking tough, describing the convoy coming in as an invasion, but what can kiev do about it? >> i don't think that kiev can do much about it. because if the ukrainian army tried to stop or to a attack the convoy, there would be a high risk that russia could use it as a pretext to into the ukrainian territory with regular troops, and that could lead to an escalation of the situation, something that no one here in kiev wants, so what kiev can do and what the ukrainian government does right now is to call upon the

even if it joins the union, armenia says it will allow imports from the us and eu. a report. >> reporter: cities car dealership, managers are preparing themselves for change. if the country joins' russia's customs union, it will make cars more expensive. he estimates he could lose 20% of his customers? >> we will have to find some solution. >> joining the customs union won't just affect his car market. prices will go up for every day items imported from the euarmenias largest trading partner. >> if it wants to join the customs union, it's going to have to restructure its market because currently, lots of products like this cereal or this olive oil, for instance come from the european union. it will need to keep prices low by introducing more imports from the union. >> many believe joining may have more to do with politics than economics. russia is a top destination for labor my grants and eurovan needs moscowts continued support over the old conflict. >> armenia has some security problems. they think the key to the security issues is in the hand putin. >> arm mean i

they're hitting back against sanctions imposed by the eu and the u.s. on russia's banking, energy and defense sectors. the tit for tat dispute is costing both sides billions. some farmers in europe say they could go out of business if these russian sanctions continue. the eu agriculture ministers are worried about the long-term impact so they're holding an emergency meeting next month to talk about ways to deal with the crisis. >> thanks very much, craig. that was nhk world's craig dale. >>> leaders of china and mongolia are deepening economic ties. ai uchida joins us with more. >> the two nations already trade a lot of raw materials but china would like to scour a better foothold in its resource-rich neighbor. the leaders of both countries have agreed to deepen ties across a range of trade and economic issues. chinese president xi jinping is in mongolia for talks with the president. chinese media say the two signed an accord strengthening cooperation in trade, resources development, infrastructure projects and other areas. china is mongolia's largest t

been hearing, farmers that rely on the selling to russia wants the eu to bail them out. sue turton reports. >> reporter: european produce bound as export to russia, worth an annual $16.3 billion but as western sanction he over russia's involvement in ukraine begin to bite president putin has retaliated. leading producers like apple farmer charlie gauthier. >> it's been a difficult time of year, and i may not be able to sell apples. what am i going odo? we don't want to be the first victims. >> as russia and european union maria play geo-politics for their tit-for-tat sanctions, growing uncertainty as to just what they will do with their growing mountains of stock and where they will find a place to sell it. it's the same story in the dairy warehouse. cheese makers here say their trucks have been turned back at the border as the russian ban damages both their business and that of their russian partners. >> our partners for instance are also losing big money. some of our customers are work being 80% only with dairy products imports. so which means what are they going to do

i spoke to the russian ambassador to the eu yesterday. he said nine russian soldiers were in ukraine detained by authorities. on the diplomatic fronts, nato meeting today. we're just hearing steve, the prime minister of ukraine says he will now ask parliament to abandoned the non alliance status and put it on the course of nato. that will be extremely provocative won't it for moscow? >> yes. the russians couldn't possibly accept that. russian officials have maintained that is a big red line for moscow. they do not want to see ukraine become a member of nato. russia believes this is national security. the fact kiev says the ukrainian government says it wants to set out on that path to nato membership doesn't mean that's a short path. it doesn't mean ukraine automatically will be accepted into nato. if ukraine is accepted into nato, somewhere down the path, then that will cause enormous opposition here in the kremlin. steve rosen berg in moscow. thank you very much. >>> to syria now. a refugee agency released a report calling the situation

it's about 10% of the entire eu. and that's why we take it seriously. >> the embargo has been introduced for a year. aljazeera, moscow. >> veronica nye is an economist with the american farm bureau federation, and she joins us now. >> welcome, and thank you very much for having me on this evening. >> does russia's move come sas a surprise to the agriculture industry in the united states? >> frankly, i'm sad to say that it's not a big surprise. this is clearly a political move, and russia is just behaving the way that russia behaves in international trade. >> what affect will it have on farmers in the u.s.? >> in the u.s., we exported only 1% last year. >> cultured products. with exports, and adjustment. >> i remembered back in 1980, when the grain embargo happened under the carter administration. there were farmers in this country hurt by that. do these sorts of things really help make a difference in trying to push a country to do things we want them do a or not, in your opinion? >> well, a lot has changed since the

the russian economy is about 6% of the eu.we have a situation where the russian economy is now in thansion and higher levels the ukrainians. if russians really think the , i finds are cost less that -- i don't understand that. it's quite expensive for russia. my sense was they were willing to incur the costs. to say what ike think which is that russia is not a serious country. it has a conventional military about the size of germany's in poland's put together. this is a country that does not respect its agreements, so i think the view is you cannot view it. >> thank you very much. let's go to keith darden next. >> keith darden, american university. see as the do you future of the insurgency? road, whatdown the kind of ukraine do we have and how would that compare -- it seems that russia's involvement has not been producing a less and thatned ukraine, the country has so many pathologies on its own that in action might be the best way to achieve a desirable result. >> we had one gentleman at the end very briefly, and then we .il

the eu commission says this price discrimination is against the eu's single market rules. such as hertz, euro car and avis have been told to review pricing structure by the end of the month. but they have come back and said we're not doing anything wrong, we're compliant with eu regulations. earlier i sat down with alan bowen, a lawyer and travel expert, and i asked him why do these prices vary. >> it is all based on competiti competition. and depending how competitive the market is at your place of residence, you'll get a better deal. we're lucky in the uk, we have a lot of competition and get the best rates it can find in europe. >> the car rental coming back and saying we're complying, not doing anything wrong. do they have a point? >> i have to say i will be very suspicious of that, and i think the eu will find it very difficult to continue to monitor pricing. pricing is fluid. isn't fixed. the price of a car there is depending when you want it. clearly where they can see there is competitive markets afoot, they have to reduce the prices in order to sell the car rental

the eu says it will continue to market -- monitor market development. >> their hopes of a export led recovery. exports fell half of 1% and turkey.ell 8% in and 14% in russia which has its own economic crisis and that figure in russia could be worse as this data was collected before moscow imposed that food ban. russia has said there is no harbor u.s.-made in reaching a cease-fire in ukraine but tension over and eight convoy at sent to the country has been resolved. the move seems to have called jitters on wall street. u.s. stocks drop just jumped and the nasdaq hit a 13 year high and the dow jones wind-up 150 points. we see the s&p 500 also doing trading over .75 of 1%. taking a look at some company news. in china regulators are continuing to put pressure on foreign carmakers in the world's largest auto market. mercedes-benz is been found guilty of price-fixing. no penalty has been announced but last week local media reported that audi could be fined about $40 million for similar issue. chinese authorities say they're cracking down on anti-competition practices but the european chamb

it's about 10% of entire eu exports to the russian market. why we are going to take the measures seriously. >> reporter: the embargo has been introduced for a year. pretty much every one hopes it won't last as long as that, rory with al jazeera in moscow. >>> british investigator and american wife on trial in china accused of illegally obtaining private information on chinese citizens and they were arrested last year after doing work for a group glaxo smith kline and if guilty three years in prison. they may be nationalized and the financial woes worsened after a plane went missing in march and another shot over ukraine last month and shares have been suspended on the stock market and we have more from kula-lupa. >> they have been in poor financial help and operating a loss for the past several years, it's a massive need of capitol injection. putting the company into state hands is one way of saving it. analysts earlier speculated the other option would be to allow it to go in bankruptcy and malaysia government ruled that out and now the stat

. $16 billion, what the eu shifted to russia last year. they've got to find somebody to buy all that stuff experts from 28 eu countries are holding a meeting to discuss and analyze the impact of this russian ban on eu food imports. eu agricultural commissioner, there he is now seen last year, he's setting up and leading this task force. as you may though, moscow banned most food imports from united states, canada, norway and australia in the last week in retaliation for western sanctions imposed for russia's actions in ukraine. we're going to bring you latest information from here. >>> barely a day goes by without a hack attack on a company. businesses around the world find it almost impossible to stay safe in the face of growing threats. i'm not sure what she's doing. many firms are tackling the problem head on, not by hiring children but seeking out and hiring the best and brightest hacker. could learning to be a hacker be a smart career move? that's what she's doing. okay. our technology reporter dave lee travelled to las vegas to the b

ukraine's president is asking eu letters for help. simon mcgregor wood reports. >> president petro poroshenko came to the group for help. he made it certain how close the crisis has become. >> point of no return is full scale war which already almost -- which already happened on the territory controlled by separatists and regular russian troops. and any defensive action which would be undertake if it happen would be point of no return. and that's why we undertake the enormous efforts to stop that. >> reporter: he'd spoafn to all 28 -- spoken to all 28 heads of government. how best to respond to it. the rhetoric on the crisis is heating up. >> countries in europe shouldn't need to think long to consider how unacceptable that is. >> saying russia's attack on ukraine is effectively an attack on all of europe. >> we are clear there is no military solution to this crisis. we need a sustainable political solution but respect ukraine's territorial integrity and sovereignty. i believe it is more necessary than ever. so we continue to urge rus

versus over 50% in the eu. we have to see what the eu appetite is. it is not going to be very big.pped again. yesterday in negative territory. if you look from a russian perspective, it is difficult to decipher the kremlin. decision-making is very centralized. they have a very solid footing to wait this out. they have been prudent on the way they've been managing their accounts. public debt to gdp in russia is barely 15%. wants kremlin under putin to continue this, they want to from what we see, this will continue for a long time. >> your sense is the russians, they have a long history of isolationism, have probably got the chops to see this one out on a longer-term. the way russia is constructed versus the eu, it is very centralized decision-making versus the eu. in terms of the ability to got this out, it is hard to see how the europeans pen down russia to make the decisions they want. there's a political and military track and a sanctioned track. seemanction track does not to be a fruitful avenue for the europeans to pursue. we can discuss ukraine and hansk andnetsk and lu get s

i will appeal to our partners to call an emergency eu council where we have to immediately discuss the situation. the ukrainian premier has called for more help from the west. >> ukrainian forces are capable of dealing with the russian led army. >> moscow continues to deny involvement. however, one rebel leader says there are russian soldiers in their ranks albeit on a volunteer basis. they are currently serving soldiers among us. if they turn out to be true, the stakes in this conflict have got much higher. >> let's go to vladimir in key of -- kiev. what is the reaction to photo showing russian troops in the ukraine? >> this is definitely breaking news -- not breaking news for the ukraine, this is a practice that they have been seeing for months and months. this is something that the ukraine was trying to draw attention to the international community to. the russian side, these are not russian troops. now when there are pictures of nato which can be considered as somewhat conclusive evidence, officials hope that this will bring a closer international community. >> the un's secretary-g

businesses really want to see a united eu stance on russia.want to publicly call out european leadership. there are so many european projects that we could be working on to strengthen our economy and to offset the 4% of trade that we need to offset russian trade. we need to be looking more to the united states and european allies. i think a lot of what is being -- itsed right now is needs to be fast tracked. we need to complete the single market in the eu. that needs to be fast tracked. the general attitude among businesses is we have alternatives and things we can do. there are other customers. let's get doing it. it's try to get this done. >> the sanctions are increasing pressure on legislatures to encourage transatlantic trade. thank you very much for joining us today. up next, cashing in on classic cars. stay with "the pulse." ♪ >> welcome back. not justclassic car is a purchase, it is an obsession. the amount of time and money the goes into restoring and maintaining these cultures can make an art collector blush. we talked to the aficiona

it could join the euro, to be a member of the eu, and it's not clear if the eu would -- and it could set up it's own currency and that has all of its own risks as well. the british government doesn't want scotland to be part of the currency union. >> thank you very much for joining us, geoff. correspondent for the financial times. >>> brownsville texas is a small border town, and it's going to be a launching pad for the space business. >> selfie and hashtag are no longer in instagram. scrabble is it adopting them, as well as thousands of other worst for their fifth edition of the dictionary. many of the newest editions come from pop culture, and players will be able to playimo and bling. awesome, right? >> . >> a small town in texas, he is used to seeing stars, and he will announce that he will establish the first commercial launch sight in brownsville, texas. it could be the next rocket city. the space x is expected to bring $100 million into the local economy, and hundreds of skilled, high wage jobs. joining me is the mayor of brownsville, tony martinez and thank you for being here

meanwhile, eu leaders are asking for harsher sanctions on asia. with the latest on what is in store for russia, we go down to dominic vitelli. >> hey, there, doug, yes, indeed, what exactly is the european union going to impose in terms of sanctions on vladimir putin? we were expecting word out of europe last night as eu leaders worked very late into the night to exactly work out what punishments and pressures it could put on russia. that meeting by nato in wales next week is going to be critical for the ukranians who want to see more military cooperation from the europeans and possibly the united states. but here in the united states, well, they are worried about getting involved in any confrontation with russia, but they do believe here that the west certainly needs to provide more weapons to the ukranians. listen. >> i think the european union, nato, as well as the united states has to consider that this is dramatically different and we have to give the ukranians the fighting chance to defend themselves. i'm not suggesting u.s. troops here or n

banks, if britain ultimately exits the eu. hampton pearson joins us from washington with more.hey're already preparing to go? the referendum's not for ages. >> reporter: yeah. this is a banking story with lots of, pardon the pun, moving parts, if you will. wall street banks reportedly drawing up preliminary plans to move some operations in london to ireland amid concerns the uk is drifting apart from the eu. the "financial times" says citigroup, bank of america and morgan stanley are considering such a move, preparing for the eurozone's impending banking union that threatens to isolate great britain. now, most u.s. banks and asian banks base their european operations in london, giving them an automatic passport to conduct services across all 28 eu countries, but senior executives say the uk is unlikely to be granted the same right if it left the eu. the uk hosts more than 250 foreign banks and generated financial services a trade surplus of $71 billion last year, a third of which came from the eu. ireland is attractive for u.s. banks because of its low corporate tax rate and eu

the united states and the eu persisted with negotiations with iran. and now on his home ground and the question of israel and palestine, once again he was being ignored. he was saying hamas is a terrorist organization, you have to break off relations with it. both the eu and the u.s. said no, we are going to continue in our relations. in fact, when the gift fell into netanyahu's lap, the gift being the abduction and killing of the three teenagers, initially the abduction, even after that gift fell into netanyahu's lap, the u.s. continued to say we are not going to break off relations with the new unity government. well, now netanyahu had a pretext. he knew full well from day one that, number one, the kids were dead. and number two, hamas had nothing to do with it. but he saw an opportunity. the opportunity was to exploit the abduction and killing of the three israeli teenagers to do what israel always does, and israel wants to break off with what israelis call a peace offensive. because no hamas had signed on into the unity government, and the unity g

and eu failure to take stronger principle stand. in egypt on that military coup, massive violation of human rights with slaughter of civilians and the restoration of authoritarian rule. and the recognition and calling it a democracy in a country well on the road to democracy. at the same time, the issue of the asymmetric war in gaza and not speaking out and condemning it in the way it needed to be can dance. nasa saying that we are said to his action but -- of gazanve slaughter civilians compared to the israeli side and the attempt to not only wipe out all of those people but destroying the infrastructure of the country violates international law and human rights. rather you have a situation where in public media, we are told that benjamin netanyahu approaches are administration in avoidingting him having to go to international courts. of those things create conditions that will remain very strong in the future. massive killing of civilians and deliver destruction of the gazan infrastructure alienates significant sectors of muslim d

last year the export of $1.3 agricultural goods to russia and eu close to $16 billion and exports ina are $2 billion each year. to fill the gap russia wants to go to brazil and new zeeland and help like moscow and roarry looked at the impact the band will have. >> reporter: french cheese and oils and hams, russian get used to eating the same food as their western neighbors but that is about to stop. >> translator: they are introducing a total ban of beef, pork, fruit and vegetables, poultry, fish, trees, milk and dairy products from eu, the united states of america, australia, canada and norway. >> reporter: this is the market in central moscow, the produce glistens invitingly. what will you have a problem finding after the import ban? >> translator: up from france and this is also from france and lobsters are from canada. >> reporter: so as she is explaining life is going to get quite tough for her once the import bans kick in because pretty much 50% of what she is selling here will be restricted. the middle class is wailing on social media about soviet shells and a future devoid of

it could join the euro, to be a member of the eu, and it's not clear if the eu would -- and it could set up it's own currency and that has all of its own risks as well. the british government doesn't want scotland to be part of the currency union. >> thank you very much for joining us, geoff. correspondent for the financial times. >>> brownsville texas is a small border town, and it's going to be a launching pad for the space business. >> al jazeera america presents: >> smile and look at the camera. >> edge of eighteen >> i thought grades would get me into college. >> the tough realities >> the bullying became too much to take for me. >> my parents basically hated each other. >> facing our kids >> that's not how life works, apparently. >> look what i have for you... you can't have it. >> i'm not giving up - my father can't take those dreams away from me. >> dreaming big >> i've got to get into at least one of these top schools... there's no way i can't. >> i would like to run for president of the united states. >> confronting fears >> i have a confession to make. >> i don't wanna hav

it could join the euro, to be a member of the eu, and it's not clear if the eu would -- and it could set up it's own currency and that has all of its own risks as well. the british government doesn't want scotland to be part of the currency union. >> thank you very much for joining us, geoff. correspondent for the financial times. >>> brownsville texas is a small border town, and it's going to be a launching pad for the space business. >> saturday. gaza, experience what it's like on the ground, first hand, as our crew gets caught in the chaos. the reality of war. shujayea: massacre at dawn. saturday, 10:30 eastern. only on al jazeera america. >> gaza and israel, growing up under attack living with violence... the stories you haven't heard 30 days of war hosted by john seigenthaler only on al jazeera america >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >>