banks strengthened their balance sheets by over 200 billion euro in advance of the outcome. that put banking sectors in a much stronger position to transmit our policy. but at this point the euro area economy was hit by a further downward shock to inflation in the form of a 60% collapse in oil prices in mid 2014 which pushed inflation into negative territory with underlying inflation already weakening, inflation expectations began to be affected as the scope for further interest rate cuts was now limited, it became increasingly clear that our reaction function needed to evolve to address these new challenges indeed since our policy framework has never been systematically tested by persistent disinflationary risk, the ecb had not yet had a chance to demonstrate its intolerance for inflation remaining below i aim for protracted periods of time at the same time there appeared to be some uncertainty about which tools we would be able to deploy if the effective lower bound were reached unlike other major economies, the ecb had not resorted to large scale asset purchases during th

in amsterdam one square meter costs about $21.00 euro london is in 1st place with 30 euros per square meter and in paris the most densely populated city in europe one square meter costs $25.00 euros. in rome and vienna pay an average of 14 year olds which makes madrid and berlin book comparatively inexpensive and just 11 euro. a place to call home in amsterdam that's what may scope one would like best he's viewing a place far from the city center in a suburb with good public transportation. and i hope i'm hoping to find a place here with 2 or 3 bedrooms are. made of africa i'm not sure if i can if i don't come here very often but i want to have a look. at the welcome. for. i'm hoping my chances will be higher here since the area isn't very popular here. i'm going to come in. the last week the washing machine in the hallways communal property all the furniture you see here is brand new oh yes. oh the kitchen and bathroom a new and used. more than. 65 square meters on 2 floors all for an incredible $2600.00 euros at least may's got to come and have a look around most of the time he's no

valued --euro fairly is the euro fairly valued? the euro is already cheaper. francine: it dropped significantly. we have an advance copy of the speech. mario draghi is about to deliver, saying further interest rate cuts remain part of the ecb tool. >> looking at that currency -- markets will want to see more. francine: you kind of wonder what mario draghi actually has to say to move the currency given the strength in dollar. if the markets think the federal reserve will cut interest rates, that makes it even harder for the euro to depreciate. the difficulty for mario draghi is that he is stepping down in five months. here is the president of the ecb. >> some of us, for all of us, he was a giant of economic thought. he will be remembered for his landmark contributions in a variety of areas. he had a wide-ranging influence on policy debate in all the world for more than 40 years, .erhaps 50 years he will certainly be remembered for the work he did for the economic bureau of international research. only a few of you in this room remember how it changed completely

euro area. annual inl gdp increasing by 1.2% in9, 1.4% in 2020, and 1.4% 2021. the march 2019 ecb staff macroeconomic projections, the outlook for real gdp growth has been revised up by 0.1% for 2019. by 0.2been revised down percentage points for 2020 and .1% for 2021. risk surrounding the euro area growth outlook remain on the downside on account of the prolonged presence of uncertainties related to geopolitical factors, the rising threat of protectionism, and vulnerabilities in emerging markets. estimates, euro area annual hrc be inflation was 1.2% in may 2019 after 1.7% in april, reflecting lower services price inflation. on the basis of current view jurors prices for oil -- current futures prices for oil, headline inflation is likely to decline over the coming months before rising again toward the end of the year. looking through the recent volatility due to temporary factors, measures of underlying inflation remain muted. labor cost pressures continue to strengthen and broaden and make high

that ultimately we can euro or weaker euro makes life harder for the u.s. industry everything to trump has been complaining for years and there is always ongoing investigation from the u.s. treasury actually. on what you the europe the euro zone and china are doing with their currencies there is no active currency manipulation going on and europe so yes off is the weaker euro and a stronger dollar harms us exports more and does a bit more benefit to you to european exports but at the same time i think trump holds the key in his hands namely if you were to bring some relief on the trade front we would see stronger growth in europe and then the east d. wouldn't have to do any additional stimulus. see their. currency conflict gloomy this similar to the trade conflict that's already going on no not really very just showed the nice chart there by weight of the last 4 years actually did the euro dollar exchange rate has been trading within a very within a very narrow bent with so it is this 112-1140 which we are right now this is more or less the effort of the la

the euro group's message was clear rules applying to everybody euro zone countries are not allowed to pile on unlimited debt and risk fines if they try it's another flashing warning for italy. we are ready in case to move on to its own exhibitions procedure put it and we are on track 2 days on the other step. the step that i think clear and the confirmation the support of the ministers will be here but still avoidable and everybody wants to avoid italy's debt stands at 132 percent of g.d.p. this year more than double the amount allowed under e.u. fiscal rules and italy has not been able to make good on promises to correct its course a difficult situation for europe's finance ministers they have to achieve a balance between ensuring that deficit procedure keeps italy in line while avoiding a showdown with rome that could endanger you. p. and unity. and now to some of the other business stories making headlines this morning all prices have risen further on friday continuing thursday's trend brant crude saw a temporary 0.9 percent increase but has flattened a bit since the days peak oil

zone don't improve the euro reacted immediately it took a heavy hit against the dollar even dipping below 1.12 dollars for a while trump immediately turned to twitter to and his grievances he said marry a druggie just announced more stimulus could come which immediately dropped the euro against the dollar making it unfairly easier for them to compete against the usa they have been getting away with this for years along with china and us well let's see what cost is going to say about this he's the chief economist of i n g germany welcome to the studio cross and what do you think it does trump bryant was easy with the easy chief's comments on fed to the u.s. i think that software was trying there is a tiny bit of. truth in it but there's also a big portion of exaggeration in it so yes he is right because if drug wars to cut interest rates again the main channel would be the exchange rate so it would hardly do anything to bank loans but it would clearly weaken the your exchange rate therefore the next exit is benefiting euro zone exporters so it's right then to complain that some of th

baby eels a delicacy in china and a multi-million euro business that's why smugglers want a piece of the pie. and from fame and fortune to bankruptcy a german tennis star auctions off his most prized possessions. i mean physical and let's do business outside forces trying to vilify beijing that's what china's top diplomat has told senior ministers visiting from africa say council one nice is china's approach to cooperation with africa is different to that of traditional powers it's not pursuing selfish geo political gains or engaging in debt trap diplomacy but rather 2 sided sustainability china calls it true friendship but some say it's a one sided affair ministers from 50 african countries met with their counterparts in beijing this week to discuss further economic cooperation and to reject criticism they're generating unsustainable levels of debt. you don't deny she voted for some time some outside forces have tried to vilify and undermine china africa cooperation by cooking up accusations of so-called neo colonialism and death traps and so on which are totally groundless and are

the euro group's message was clear rules applying to everybody euro zone countries are not allowed to move on to its own exhibitions procedure put it and we are on track 2 days on the other is that. the step that i think clear confirmation of the support of the ministers will be here but still avoidable and everybody wants to avoid italy's debt stands at 132 percent of g.d.p. this year more than double the amount allowed under e.u. fiscal rules and italy has not been able to make good on promises to correct its course a difficult situation for europe's finance ministers they have to achieve a balance between ensuring that deficit procedure keeps italy in line while avoiding a showdown with rome that could endanger european unity. now to some other business stories making headlines right now blackwater founder erik prince. has registered a subsidiary in the dim and the democratic republic of congo with a mandate to extract the minerals and timber and conduct financial operations prince sold blackwater in 2010 after some of its stuff were convicted of illegal killing during the iraq war

euro high yields, again, i'm happy to take them.or the disconnect between the net -- between the data and what markets have been doing, relative to the sort of risk off assets, that got reinstated with the rebound we have seen in equity markets and risk assets more generally over the last two weeks. that got reinstated again. from an allocation perspective, it still seems improbable to be even if on -- improbable to beat. i would rather cut risk. fed rate we get the cuts, it does not necessarily give more thought to equities. >> probably not. what people are missing is where we are starting off. if you compared to october, we started from 2.5 hikes being price down to a neutral fed. that does not mean you have to change her overall picture. it is all about fine. if you go from two and a half cuts priced to this year, let's assume two to four cuts, inevitably that will have to mean we have a more sinister slope with the slowdown of growth. we have a more sinister selloff of equities against inevitably -- it is not as well as it seems

they could be used to stabilize the euro or to help euro zone countries become more competitive. emmanuel macron has championed the idea of a common budget ater the debt crisis almost decade ago. 700 billion euros. finance ministers will sketch out the plan for eu leaeaders nt week in brbrussels. >> italyly a key focus. italy'sministerers agre deficicit is in violation of the root -- eu rules and penalties are in order. rome's most recent budget proposal seeks tax hikes. disciplinary measures could trigger a 3 billion euro fine for rome. p most vinci wants to anoint -- wants to avoid that situatatn. >> we are in the liliening mode. my door is open. -- atodody must u understand this stage is warranted. we are looking at ways to avoid that. they have to be credible. >> time for a check on the markets. bidpean index is flipping a following a a tax on two tankard ships. slowing growth over weakening demand and global economy. frankford dax is down at midday. on the commodities market, crude oil spiked on news of the tanker attacks. prices falling back a bit. demand is at its lowest l

stocks down, euro a little bit higher. vonnie: of course, that euro higher has the dollar index actually below 97 today. we are at $96 90 four cents right now. let's have a look in the s&p 500 . -- it isto tens of 1% up to tenths of 1% -- it is up 2/10 of 1%. 77% sincellied december, and morgan stanley says it sees sustained strength in the short to intermediate term. alphabet is now unchanged, but it is interesting to look at the story here because it has been lower earlier by 2/3 of 1%. google cloud will receive an acquisition. it is about a $2.7 billion acquisition for a data analytics company. that is an interesting story to keep an eye on as well. i did want to point to the south african rand. it has weakened in the last few minutes, weaker today. it was above 15 just a few minutes ago. obviously off that mark now. it is the first time since october we have seen the rand so weak. the anc saying that nationalizing the central bank would not be wise. -- ramaphosa naming his cabinet as well. the ecb not cutting its forec

and he tried removing a house in spain with 6000000 that was deemed not suitable to repay the euro and the problem also is that he owes money in so many different places for instance in spain he was taken to court of unpaid work on his villa in new york and germany had to repay taxes in switzerland after his wedding in 2009 the pasta even sued him so it's coming on him from all angles and of course he's paying lawyers left right and center so i think you've looked at the option online is he is he getting much for stuff well it's early days yet the bidding is still open till july 11th and some of the watches of actually attracted interest but that's in the region of 2 to 4000 euros and the trophies which are worth about 10000 euros replicas of the trophies he won they haven't received any bids yet and things like his sweaty clothes shows just how desperate he is some of which have been reacquired from. this is like the tennis hole of fame they actually haven't attracted bids yet but selling a watch for 100 euros i saw online myself that's not going to cover his dates is it no it isn't a

give business i'm in berlin even finance ministers have created the outlines of a euro zone budgets and what they say is a breakthrough by creating an operational budget the ministers hope to help member states that have the euro as their currency to move together economically and become more competitive the big question though how large will the actual budget be and crucially where will the money come from and exact some is yet to be determined the agreement is a watered down version of from french president the man will mark hall's vision for europe who has called for a multi-billion e.u. budget almost 2 years ago but have been met with strong opposition a long way. now a lot that's your correspondent barbara visible from luxembourg and our financial correspondent on the boss in frankfurt barbara let's start with you there's been a talk about this budget for years is that now finally it. so there is some sort of budget but it is maybe even below a compromise ministers this morning in their 1st press conference couldn't even agree if their glasses warehouse full or if they just were ju

thatw the euro spike after ecb meeting. the ecb is falling lower from high levels it reached yesterday. we see it coming down now to 11261. let's get the bloomberg first word news. >> vice president mike pence says the u.s. still plans to impose tariffs on mexico next week. this as american and mexican officials plan further talks aimed at disputing the crisis between the neighbors -- diffusing the crisis between the neighbors. >> the tariffs are going to be imposed on monday. we have made that very clear. discussions are going to continue in the days ahead. >> an investigation into attacks in the middle east has concluded a state actor is to blame. it found a high degree of sophistication behind the incident. the attacks required intelligence capabilities to select specific targets. of societexecutives generale says the market environment is not different than earlier in the year. he is confident about capital market activity and sees good performance going forward, but he says the european banks need more clarity on the b

does it keep itself on the euro? it does. i think the euro goes up relative to the dollar.'m not usually bullish because i think the euro gets flagged from the slowdown in china. nejra: when president trump his statements about trade yesterday, there were comments on the euro. does he have a point with purchasing power parity? historically,ack you would have argued that probably somewhere in the region of 120 seems to be a natural price for the euro against the dollar. these things are all somewhat nebulous. where did the euro launch? 118. the average price is 120. what is the price which the french government tells us they are no longer competitive? above 120. 114, it's hard to value its wildly undervalued. nejra: we are looking at a weaker dollar over the past couple of days. we will have a big discussion about the fed later. do you see prospects of dollar weakness from here? if you look at real effective exchange rates on the chart, japan and europe, you could say the charts say there is a free rising. >> right now, this is a market that believes there will be two and th

he sells them for 2 euros 50 each. on average i guess i make $0.10 profit on each animal up to $0.10 that doesn't sound like much but the there is very very little but with a large number of animals i can on a decent living if you can all hours of a time say to $64.00 so $6400.00 euro zone that are all $6400.00 euros per bottle. for his business model to work he needs broiler chickens with large amounts of breast meat. they're small now but once they're bigger things will be much more crowded here veterinarians tell me the weight and lack of movement often leads to deformations of the legs animal rights groups point to another problem chickens without chest feathers as in this picture some of been spotted in the stall to. chest feathers is it bred that way. it's not. personally these are young birds whose feathers are still developing. they have been warm from below all their lives . so they don't need feathers to protect them from the cold with. said there is they don't develop because of the temperatures in the stall

on all our. 8 times 8 is $64.00 so $6400.00 euro zone that all $6400.00 euros per bot. for his business model to work he needs broiler chickens with large amounts of breast meat they're small now but once they're bigger things will be much more crowded here veterinarians tell me the weight and lack of movement often leads to deformations of the legs animal rights groups point to another problem chickens without chest feathers as in this picture some of been spotted in the stall to. chest feathers is it bred that way. it's not. personally these are young birds whose fathers are still developing. and they have been warm from below all their lives. so they don't need feathers to protect them from the cold. feathers that don't develop because of the temperatures in the stall sounds hard to believe. but are there alternative ways of raising chickens only one percent chicken meat consumed in germany comes from organic farms to find out how the meat can be produced in a more humane way i hate to carsten box farm the extra costs start right from the beginning organic chicks for

winner at wimbledon at the age of just 17 went on to win 49 titles i think his career and 20000000 euros in prize money now the champion needs to clear his debts a british court declared him bankrupt in 2017 his trophies are up for auction along with rings watches well up suits tennis shoes sweat bags and a pair of old saw a last hole to the sale of his personal souvenirs at the last minute claiming diplomatic immunity from central african republic that didn't work now the hammer is coming down on 82 items of its talk about the fame fortunes and financial troubles of mr beckett with max merrill from our sports desk max just how much in debt is this guy who was once a very rich man yet it's tough to tell exactly how much because several millions i mean for instance last year reportedly still owed a bank in london 3 over 3 and a half 1000000 euros and he tried removing a house in spain with 6000000 that was deemed not suitable to repay the debt and the problem also is that he owes money in so many different places for instance in spain he was taken to court of unpaid work on his villa in n

you're supporting factory farming when this is all this is just it's slaughtering animals for 2 or 3 euros that's appalling stories it's all about convenience and that's a huge problem the supply is there it's cheap and we just help ourselves but we have no idea what results our actions ultimately have an effect on the nation. have we forgotten the value of meat and of the lives of animals bred for slaughter low cost meat comes at a high price for the animals animal welfare activists regularly record and report on shocking conditions at factory farms this film footage was shot in secret at a pig farm in germany the animals are kept in tiny pens with minimal but unity for movement their own able to even turn around to let alone go outside the animals seem apathetic many have injuries in germany for example farmers are allowed to keep pigs in pens measuring just one square metre. activists from a german animal rights group i determined to raise awareness among consumers while campaigning for the factory pig farms to be shut down so. our ultimate objective is for there to be no more factory f

my. 8 years ago the company bought his fields 440000 euros. this means he now has to least agricultural land so he can grow crops to feed his cows. sometimes i think about giving up but making the 1st daughter difficult for my age i'm 54 and have 3 kids. and i love it. dimitrios coal fired power plant is located right beside me village. despina works here she's married to the mine blaster. she makes just $620.00 euros a month on a fixed term contract but hopes to become permanent. they will survive up with the company is a lifeline for many people. the entire region depends on coal mining. for generations thousands of families from this area have worked for the company. in 2950 percent of greek electricity was produced using like night but today it makes up less than 30 percent. which we depend on coal. and it really worries me to think about what would happen if we stopped using lignite. because of the economic crisis the e.u. wants greece to privatized parts of its state run electricity company. many countries and investors are now moving aw

11th and some of the watches of actually attracted interest but that's in the region of 2 to 4000 euros and the trophies which are worth about 10000 euros replicas of the trophies he won they haven't received any bids yet i'm things like his sweaty clothes shows just how desperate he is some of which have been reacquired from. this is like the tennis hole of fame they actually haven't attracted bids yet but selling a watch for 100 euros i saw online myself that's not going to cover his dates is it no it isn't and i mean it's a curious situation he finds himself in there's so many things that are being auctioned off 100 almost 100 items so in the coming days we'll see how much of it actually even get sport but it's not going to solve this issue because tried out some creative ways of trying to avoid insolvency tell us more. possible that he tried to get him get out and after he was initially declared bankrupt in 2017 and then in june of last year he tried to delay this whole process by seeking diplomatic immunity as you mentioned he claimed he was the sporting cultural and humanitarian a

anna: let me ask you about the euro. donald trump's view is that the euro is undervalued.ook at purchasing power . there has been a change over time that is not reflected here. that the dollar was more overvalued than it is now. michael: we have a real-time the measure that we use -- real-time measure that leaves -- that we use. even on that measure, the euro is still around 10% of the value. in that sense, actually president trump is right. the euro is undervalued. it is a lever that the ecb will not want to pull deliberately. encouraging a weaker euro is one of the policy levers they have. anna: michael metcalfe stays with us. let's get our stock movers. -- down 3% this morning. billionaire is deciding to reduce his stake in the summit maker. cement- some as maker -- maker. we are seeing cement construction companies and oil companies to the downside. inditex to the upside. z y are the parent owner of ara. axel springer storing this ngrning, up more than -- soari this morning come up more than 12%-- morning, up more than after that deal with kkr. matt: what is the actual

interest rate cuts to lift flagging growth a trump said druggy was trying to lower the value of the euro in a bid to boost european markets investors saw his tweets as evidence that the us itself will soon cut interest rates markets were also buoyed when we did he would meet chinese premier she jean at the g 20 this month for trade talks. the dow moving up and down on trump tweets what's really driving us markets right now. with a huge shimmin pick the s. and p. $500.00 now is shy only one percent of a new record lows and i would say both actually made a difference so we have the federal reserve was the next meeting now on a wednesday and so was the tweet for president donald trump of that was seen here on wall street as well as the bends or at least some more pressure on the read federal reserve to cut interest rates of probably not wednesday but then at the next meeting by the end of july and then also the tweet about this good conversation by phone that donald trump had was she in being was also see in at least gave some hope to markets that at the g. 20 meeting next week that at leas

facebook itself the new coin will be pegged to a basket of global currencies such as the dollar and the euro with the intent of shielding it from the wild fluctuations that are plagued big and scared off many average investors the big question will it catch on facebook is betting that the scale of its social network alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges the social network is also says that libor will help to bridge the so-called banking gap giving the 1700000000 people around the world who do not have a bank account a secure alternative to cash so why a crypto currency here's how facebook c.e.o. mark zuckerberg 1st publicly framed the idea a few weeks ago. i believe that it should be as easy to send money to someone as it is to send a photo so we were already testing this and india with about a 1000000 people it's been used a lot in the feedback so far is great and we're already working on rolling this out in a number of other countries later this year and for more on this let's go now to our financial correspondent in ne

welcome to the euro max you tube channel. close to my nerves tonight. with exclusive inside. the must see concerning our times culture team you're a. place to be curious minds. do it yourself networkers. subscribing and don't miss out. on. facebook finally on feels it's cryptocurrency so could libra transform traditional payment systems and will governments seek to regulate it. also on the show all eyes are on istanbul ahead of sunday's new york. voters punish the ruling party for turkey's economic woes. real estate costs are skyrocketing in berlin driving the german capital to consider an unusual solution. and unlocking the hidden beauty of sales we'll share some surprising uses for europe's slimy of cash crop. welcome to business i'm stephen beard and blend it's good to have you with us. can facebook take cryptocurrency mainstream the world's largest social network unveiled the digital coin it plans to roll out next year a libra is its name and proponents say it might just revolutionize digital payments under a single streamlined currency now over a dozen global firms will

kilometers per hour and a very simply 6 point one seconds in germany this fast back starts in $33700.00 euro. julian says the 2 leader turmel gasoline engine really does a good job and especially when it's coupled to the 6 speed manual gearbox it really makes driving fun. the interior of the coupe a is already familiar from the hatchback version except for a few little details the easy to read speed ometer goes up to 300 kilometers per hour which is really promising something. 8 inch touch screen serves as a control center for performance having the radio and the navigation system. he says it's no surprise there are various driving profiles on board here such as eco durable sports and his favorite dish but here on the steering wheel and mode. and stands for gerber great that's the famous german reach track where hyundai says performance models and versions offer special driving pleasure. julian says the steering is much heavier is feels sporty but it doesn't need more feedback from the road surface also the valve exhaust that comes standard on the performance is really pushing it to the limi

has watered down french proposals which envision a more closely united euro zone than they are also called in italy to clarify how it intends to avoid looming e.u. disciplinary action over its rising. raised. while prices have risen further on friday continuing thursday's trend to brant crude so a temporary nor 2.9 percent increase but it's flattened a bit since the days peak oil prices had surged by as much as 4 percent following an alleged attack attack on 2 oil tankers in the strategically important strait of hormuz. well german drugs and chemicals company by a has launched a p.r. offensive to counter the growing criticism over its weed killer round up the controversial key ingredient the life you say to it is said to cause cancer round up was a top seller of us advocate nickel company monsanto and now belongs to buyer after a $63000000000.00 merger last year. buyer is making headlines once again following talks with politicians shareholders and environmental activists the company has conceded that it must make changes they promise to invest 5000000000 euros in research over the

the euro isn't giving you a great option.re no places to put your dollar and that is sustaining it, a lack of choices. anna: the bank of england talks about how the rate could go up. this chart, you two's, tens, 30's, breakevens and the drop-offs. inflation expectations in the u.s. coming down. is this something the fed is going to be incredibly focused on trying to address or even if we see suggestions of rate cuts, a piece raises questions about what rate cuts can do to address it? -- iie: will i agree agree. i'm not sure rate cuts will address it. it opens the door for the fed for more dovish moves. they can use this as justification but the last five years, what has been driving inflation expectations is oil price. you can ask why, it is not rage -- wage pressures averted, it is oil prices. that is what you can see and i think that is a really key component which people don't focus on. anna: thanks very much. , joining us from latitude investment managers. next, stocks on the move this morning including silt roddick after

francine: what moved euro? -- moves euro? does brexit move euro? >> clearly not. the ecb thetold us, look at where sovereign spreads have gone within europe. -- they areng to still buying it. politics, right? having no impact whatsoever on the euro. everything that you have seen that is domestic to europe is having no impact whatsoever over the course of the last couple of weeks. we are seeing the stoxx accelerating. -- go back to [indiscernible] as a result, suspect that is going to happen. tom: peter dixon, want to go back to first principles. if president trump got halfway to a 140 from where we are -- let's say 128 -- what does that do to the portuguese economy? peter: to the extent that the likes of portugal is exposed to latin america, that particular wellof it will not do too it also to the extent that it is exporting within euro zone germany, france, the currency impact will not be as dramatic as we might imagine. obviously, it will squeeze the market. it will be squeezed by a move in the europe. tom: really good conversation. trying to get that chart out

let's talk about the euro. is the mario draghi move, a big move to the downside, that prompted the president's tweet. since then we are going sideways in a tight range. that is the impact of the headline we have seen surrounding jay powell and the conversation about removing him. do not look like that when anywhere. a little bit of a market move. let's talk about the currency affect into the equity story. the ftse 100 up 1.35%. an update in equities risk on. look at the dax and the cac 40, both trading up last 2%. a big day for the german bund market. let's talk about how we've been trading on the sector story because this is interesting. this tells you a lot about where the mindset is surrounding european equities. ,n the upside, basic resources the mining stock trading higher. mismatch of- a real sectors on the move. non-cyclical names. utilities have had a good day. health care has had a good day. technology is up there as well. auto parts. part of this is being driven by the trade story, which is the meetin

the most likely cost more than 50000 euros. to study yet but here says jaguar was a relative late comer to the s.u.v. party but it shows again successfully with a larger ever paid for by all the smaller e.p.a. says aimed at the compact s.u.v. segment like b.m.w. x one mercedes g.l.a. a global x e 45 let's take a look at. the larger f. paces based on the discovery sport by c. company landrover the basis of the e.p.a. is the range rover evoque the strategy is the same the jaguar models promised even more sporting each. piece makes it sporting ambitions clear from the outside a black brill large air intakes and wedge shaped the headlights and door in the front from the side the very short overhangs in the front and rear standdown. the rear features a double pipe exhaust system embedded in the skirt. by them with the young says the engine choices are all to leadership 4 cylinders 3 diesels and 3 gasoline and chutes except for the entry level diesel which is also available with the front wheel drive all variants have 4 wheel drive w

highest level in 15 months >>> putting the spring in axle springer the german publisher offering 63 euros per share. >>> solutions in a deal worth 5.al billi5 $5.8 billion as it looks to boost its science and we'll speak to the ceo. >> we'll hear from mario draghi and christine lagarde as it turns to southeastern europe >>> riots in hong kong have turned increasingly violent over the last few minutes as police have tried to disperse protesters from outside government biuildings tear gas as they began to force their way in joining us from outside the hong kong legislative council with the latest i think we have lost sherry. you can see the live pictures there from central plaza with thousands of people collecting in central hong kong a reuters witness has been talking bout chartal talking about charges. i will bring in our colleague sherry with some of the latest details of these protests. >> thank you very much as we're standing outside the legislative counsel building here for this part of the protest, it's been very much peaceful all day, but things have turned very quickly as we saw so