, , ., europe? is legacy will be a very good _ europe? is legacy will be a very good one _ europe?ope? is legacy will be a very good one and the - europe? is legacy will be a - very good one and the europeans have been so relieved when biden was elected but at the same time, it left europeans in a cosy and comfortable situation where they very much relied on us leadership throughout the ukraine wall. so with the upcoming us elections, it will be much more difficult for europeans to repeat the same one to believe that america is back, regardless of how these elections turnout, and they are very nervous about what happens if donald trump is elected. ., . ~' what happens if donald trump is elected. ., ., ~ ., elected. you talk about them bein: on elected. you talk about them being on edge _ elected. you talk about them being on edge about - elected. you talk about them being on edge about it - elected. you talk about them being on edge about it from i being on edge about it from presidency in 2025.- being on edge about it from presidency in 2025. what are those concerns? _ presidency

but there are bottom europe and interest in the state, and that has been a shift in europe and opinion visual reflection on the last few months away from the all of us on corporate bonds support as well. which one of the alternative, the cents tax divisions of that. so and a uh we'll take a mountain decline to come back. and i'm to on that. so is the vision's copy of the con, the possibilities for your to have leverage. inevitably limited. the position of germany, a space, the cost, and that historical experience, it goes back to the all the cost. and that is a very difficult of stone to shift in terms of job and opinion. and the doctor as well. even though the you mentioned in your book, even though the advisory group has been asking me to follow into changes approach adopts to uh, pretty well in line with the israel as all some other countries in europe. whereas will be honest, i do have often just say you have all those who are very much concerned to have a balanced available the phone due to the position when it comes to at least a. so we all divided and you're still public opinion

you mentioned the divisions within europe. you said you have countries like spain on the one hand, now joined by france when it comes to calling for an orange and bar go. and you have countries like germany and netherlands on the other hand, which have shown a much closer, much stronger support for israel, including up to now the german position. i mean, anyone can understand that due to the nazi holocaust, that that is what really roots and grounds the german support for israel. but we're in 2024. and i think what some of our viewers who don't live in europe are not going to understand is you know, how the historic events as dark and tragic as they were in the 1940s or shaping so strongly. germany's position today and 2024. yeah, so i agree on the facebook and it doesn't make a great deal of sense when you look at the job interest. and this, of the fallout from off going on at the moment. but i think germany negative to be counter is on like this. i mean, we have a problem because with the energy in europe, it could get worse

this is so you think about historically, jews in europe over time would describe this not being of europe. we're seeing this oriental was seen as the people came from elsewhere, who has customs and habits and belief that we're country to your pin civilization. right. and much of the input this forth on is and is that, is that the jews were we say now of it. right? once they come to palestine, they start see themselves. and even before they come, they start imagining themselves as be representative of the west and the orient. and to set the extent they succeed in persuading the west, that they are the source of western island. in the sea of moslems our, of all these oriental other you're right, there is a non western nature of the do that then becomes westernized in a political imperialist colonialist project called zionism. zionism tries to reconstruct a jewish people and it reconstruct the jewish people. because for israel to be the national home for the jewish people, there has to be a jewish people. but this notion of a jewish people is somewhat of an artificial contracts. what do you

safely in the years to come. . ~' and europe safely in the years to come. . ~ ,, and europe safely in the years to come. . ~ i. ., ~ ,, , come. thank you. thank you very much. come. thank you. thank you very much- ladies _ come. thank you. thank you very much. ladies and _ come. thank you. thank you very much. ladies and gentlemen, - come. thank you. thank you very much. ladies and gentlemen, i i come. thank you. thank you very - much. ladies and gentlemen, i could not be more delighted to be here at trinity house in london for my first official visit to the uk since being in office. so thank you very much for the invitation, thank you very much for your hospitality in this tremendous place of british history. thank you very much for that and thank you for your invitation. please allow me to give some remarks. john and me, we have not known each otherfor a remarks. john and me, we have not known each other for a long time, but still, we met more times than i met some other colleagues in europe and beyond, and even my wife told me sometimes she gets the impression i am meeting him more

europe in particular— dynamic places. europe in particular has _ dynamic places.questions of it's also why it's growth is particularly logging in global rivals china, us, the former italian prime minister has been challenged with that. what do you think the answer is to european growth? we what do you think the answer is to european growth?— to european growth? we made many mistakes, _ to european growth? we made many mistakes, particularly i to european growth? we made| many mistakes, particularly the past 15 years while other economies have been investing in education and science and infrastructure. innovation, we have been very conservative in our approach. have been very conservative in ourapproach. certainly this our approach. certainly this school stability ourapproach. certainly this school stability is very important. we've lost or missed opportunities to invest for the future and it shows. i think if you it starts to get with investment. an investment in education and infrastructure, innovation and ultimately in competitiveness. well, more broadly, david,

i think what he's really important for europe, as well, we maintain this lead both in the uk and europeoing forward. >> finally, i would like to perhaps get a concrete call from you. you are expecting bitcoin to hedge higher for the year. we are approaching the 70 k mark. where will we be in three months time? >> i wish i had a magic ball to tell you. whatever happens in the short-term, i can't predict. the tailwinds of crypto haven't been stable for a long toim. time. i think going forward in the near term, i remain constructive and so do people i speak to. >> thank you for your time this morning. leon marshall, ceo of galaxy europe ro.e >>> coming up on the show, we'll have the conversation with robinhood's president after this break. goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. what is cirkul? cirkul

some breaking news boein: and europe. some breaking news boeing says _ and europe.breaking news boeing says it — and europe. some breaking news boeing says it has _ and europe. some breaking news boeing says it has withdrawn - boeing says it has withdrawn its offer to striking workers after negotiations fell through. it said the union didn't seriously consider the offer. this comes as boeing and its largest union said they would continue contract talks, both sides seeking agreement in the strike of around 33,000 us factory workers. a story we continue to monitor at the moment negotiations have broken down, buying saying it has with drawn offer because the union did not seriously consider it. —— boeing sange. we will bring you more details as it comes. usjustice department recommending google should be forced to sell parts of operations, it comes as there are concerns about the tech giants monopolisation of the online search market, the doj suggested in a court filing on tuesday. it could cause an historic anti—trust breakout that comes to pass. tiktok is being sued

. >> our plan for europe is a very long-term one.e europe as a very important market for us and also we see this market will have to take time to develop. so, we do have the patience and long-term commitment. what happened is tariffs is something we have to deal with. it puts a lot of pressure on the business model, but a long-term focus brand, we need to find a way to address and make ourselves competitive. >> does that mean you reflect and impact the tariffs on the prices of the cars in europe? >> i think yit will take a numbr of areas for us to figure out the best strategy. that will include what type of models we introduce to europe that involves the business models we have with our partners and also, you know, potentially looking at pricing as well. there are a number of areas we are looking at examining to opt myself. our belief is still try to produce the most competitive product for european companies. >> manufacturing in europe is what you said in the past you are looking at and are you starting to do that now to avoid the t

this is the worst thing that could happen to europe. we must defend ourselves against unfair practices. also coming up no work and no roof over their head. israel's attacks against hezbollah and the impact that they are having on thousands of foreign workers in 11, not most of the women were abandoned by their employers who had fled to safety and left their employees trended in the middle of the conflict. so and then sir, doesn't want you to just drop you somewhere without your papers and you can do anything to our view as long as you're going to be us in the united states and to all of you around the road. welcome. we begin the day with some serious sticker shock for europeans considering their 1st electric car and the car made in europe or the united states average is about 45 to 50000 euro is now compare that to an e car important from china, which will set you back by about 32000 euro so that is a huge price difference. and a major road block for european carmakers trying to transition from gasoline. diesel to electric volkswagen. e

what are your thoughts about the challenges facing europe as an economy?a lot of very important topics that we need to address in europe. another point that he made was that we need substantially more funding for science and innovation. and while that's true, he's also referring to one additional phase there, which is that we need to think hard about how we actually do funding. we really need to make sure that that money is spent effectively and really reaches the innovators that can truly shape this world. i know your organisation is challenged with finding solutions across a variety of sectors, from climate tech to energy. but i wonder what you think the most important sector is, the most important driver for a country will be, to win in those global competitive stakes. i think the combination of clean and abundant and cheap energy is a key driver of future economic performance, as well as advances in al and computing to drive the service sector. plus, what we really see is how much more important health is becoming. we might think that we in the western

and europe is on a similar path. today. the european union slap tariffs on chinese e vehicles as fears mount that a soon army of cheap chinese electric cars could drown europe's carmakers. massive layoffs are already in the works at volkswagen. so why did germany vote against the terrorists and bring gulf and berlin? this is the day, the global markets and all lot it was cheaper. chinese electric cars. flies really been is kind of, i'm not a fund of charles my because that's where the line community to counter measures and will involve us in a tariff, disabused, perhaps a tower for which china. europe is open to competition. but not for race to the bottom. as a place is the worst step in an economic cold war, this is the worst thing that could happen to europe. we must defend ourselves against unset practices. also coming up no work and no roof over their heads. israel's attacks against hezbollah and the impact that they are having on thousands of foreign workers in lab. and not most of the women were abandoned by their emp

comes to europe in defense. i don't think there shouldn't be any overlapping systems between nato and the e u because of course, we have memberships which go hand in hand. but there are a lot of things that europe can do. it can, for instance, focus on investment on the defense industry. it can make sure that nationally, each country has capacity to maintain it. so security, but all this talk about some kind of a european army or something like that, i don't believe or not. but there does seem to be more urgency in order of this because of the situation you try and doesn't that definitely, i think that's overall. so you should split it into nato, the e u. n. national. and i think what we're seeing right now is a revamp of the defense for system defense capacities of all european states. and there's a good reason for it. and that reason is vladimir putin on the kremlin and rush. so how do we get out of all of this? uh, what is the chance of finding peace with russia? well, i think there is a window of opportunity

a gift to the american people to house radio free europe in eastern europe and central europe in prague for the work that we had done as americans in supporting democracy and freedom in eastern and all the countries of then under communist rule. so that the radios are now functioning. they are the go to source for what is happening in ukraine today. what is happening in russia, they cover it better than anybody else. and so i think the legacy that was started under president eisenhower back in the very late 1940s, early 1950s, is alive and well. and he would be extremely proud of the work that they have done. and the success that they have had. and the work that they're continuing to do today. but i would also like to expand a little bit more on what president eisenhower did in terms of peace through information, if you want to call it that, peace through contact. and i think what is oftentimes perhaps well not known as well as it should is that president eisenhower was the force, the person who helped create a very interesting the agency of the united states government called us cia, u

, the frozen assets of the russian federation, which are currently in europe. tatyana, last week, the week before last, the council of europe itself got a new secretary general from switzerland, allan berse, he spoke yesterday, what can we say with this... speech, whether ukraine is a priority for him and what we can expect from a swiss at the head of the council europe? yes, indeed to alain berse, at first the ukrainian side was a little wary, because, as we know, the swiss, switzerland is a neutral country, the swiss are in favor of peace talks, for the fact that there is no need to transfer weapons to ukraine and so on, but i will say that in the position of secretary general... of the council of europe, alain barcet shows himself clearly and very correctly as a person who supports ukraine, he stated that ukraine is his priority for this mandate of the secretary general of the council of europe, he clearly stated that russia must bear responsibility for the crimes it committed in ukraine. he clearly stated that ukraine should be supported to preserve its sov

it's the last remaining penicillin factory in the whole of europe. the antibiotic is a generic drug, which means it's sold at considerably lower prices. then you have a 1000 voice and music. i'm generics or drugs where the basic patent has expired and the prices are very low, and penicillin has no cheaper than a path of shooting down who called me. the resulting economic pressure for pharmaceutical companies is prompting many of them to stop producing generic drugs . at the turn of the millennium, around 2 thirds of their active ingredients were still produced in europe with the remaining 3rd coming from asia. today, that ratio has been reversed with 2 thirds of manufacturing now being in countries such as china and india. pharmaceuticals production there costs a fraction of what it does in europe. i don't from a situation that increases europe's outside dependency and poses a potential threat to it. supplies in 2023. germany's federal institute for drugs and medical services, registered shortages affecting around 500 medicines, including for penicil

and europe trade, but u.s.hina for the growth over the last 25 years and how will china contribute to the growth economy in the future and if they are box in the corner, it will be a difficult five years. >> robert? >> i think if trade wars ensue, that's a negative on gdp right there. that's going it reverberate through european markets. >> anne. >> same. >> so, it depends on the reaction and to have a reaction, you have to have somebody lead. who is going to lead europe? you need a reaction because if you try to understand how the new president will act, so, he knows you have to find a solution in the end. he has 50% more. you need in front somebody who is able to negotiate understanding the other side. i don't know who will lead europe because to be frank, we have a problem of leadership right now. no governments are quite, are quite fragile. there are elections in some countries. that will be the big question mark to understand how strongly europe will react in the benefit of the u.s., by the way, because a

a strong economic response, strong sanctions without, having europe on board and at that time, europe was as it was in 2020, to very dependent on russia for in particular, oil and gas. and that made the europeans quite reluctant to move ahead with any kind of very strong economic penalties. and, you know, i go into some of the state department people, including dan freed, who was leading the sanctions effort and trying to persuade the europeans to get on board at the you know, go into some of the back, back and forth about whether or not to hit russia with sanctions. remember, this was a huge to try to impose sanctions on russia. we'd spent the previous 25 years trying to get on board, integrate them with the western economy. it was a big deal to sanction russia, but what they did end up imposing was what we now call targeted. and i go the deliberations, how to impose sanctions on russia that are meaningful yet wouldn't impose a cost at home in the u.s. or in europe. and some of the ideas were devised. a couple of treasury department officials, as well as white house officials talking

but also capitals in europe increasingly see china. and as the economics threat, um some, uh, some would also say, you know, trying to, it was a capacities for instance, aust threatening employment in europe. last year she went as far as opening an in the subsidy group into china actions. we must defend ourselves against unset practices, the wards by e u. member states to place additional duties on chinese ease. if assign the durham and he's losing, it's a part of the in the block. and that the e u is no longer willing to give to treat pression from china. but both sides are willing to negotiate, even as the data go into effect until this point out to bid us know when they're in this dispute. what you're seeing, those unfortunately a situation where the costly increasing production isn't withdrawing out the the, the, was the possible they wouldn't solve the crisis in the car industry despite its tricks to piece or can you treat that it's on, you would have been brandy polk and daddy products, which amount to nearly 2000000000 euros and

ask what it was about, because, as i understand it, this is a question of the security of central europe and of ukraine as well. what key points were voiced and how was ukraine represented there with what proposals, what were the offers, maybe from ours, from our partners, as you can see? the future, if they talked about it at this forum, well, as they say, the current situation at the front is also safe, well, this is the largest forum that is really safe in central eastern europe, but it was not only about ukraine, not the center, not only central europe, in general about the european and transatlantic world, and probably the difference from last year, well, for me was the fact that i paid attention to a much larger number of... the concentration of our partners on itself, on its own on the analysis of its capabilities, weak points in its defense, and obviously a lot was said about how transatlantic relations will develop after the elections in the united states of america, to what extent europe will or will not have to take over the role of its defense and actually to increase or not

his legacy will be a very good one in europe.biden was elected. but at the same time, that left europeans in a cosy and comfortable situation where they very much relied on us leadership throughout the ukraine war. so, with the upcoming us elections, it will be much more difficult for europeans to repeat the same, to believe that america is back, regardless of how these elections turn out, and they are very nervous about what happens if donald trump is elected. you talk about them being on edge about the possibility of a trump presidency in 2025 — what are those concerns? the concerns are about european security and specifically nato. what if trump does what he has threatened several times, undermine the credibility of nato. what if he stopped support for ukraine, militarily and financially? that's not something europeans can make up for. and then also, what will trump due to the global economy and what will he do in relation to china? so basically, all strategic priorities that europeans have are under threat with a donald trump

, the conflict is in the center of europe, europe is losing its economic opportunities, yes, europe hasletely cut off from access to cheap energy resources, europe is no longer competitive, europe is losing its production, the americans are doing great in europe. the foreign policy of the european union, all this is being adjusted and managed from the united states. you gave the example of israel, yes, israel can do this, that, and so on. i literally said yesterday on your air that in relations between countries they prefer fear to love, yes, and i will give you one example, tell me, please, if russia had not shown itself in syria, what would israel's position be regarding the ukrainian conflict? i think they would have been there diplomatically, politically, perhaps, and even supported militarily, but israel is simply an independent, sovereign state that proceeds from its interests, understands the risks associated with making certain decisions, another ukrainian media writes: "ugledar is almost captured, what i mean is that in ukraine they write about ugledar, that's how they actually

and this being the last production site in europe. so these are key factors and ultimately getting the go ahead on. so i noticed august the tool, so i get to pick some going to is already being called a last bastion for guaranteeing your supply event by onyx. around 240000000 impacts of medicine. leave the plant every year to sing the plant has been making preparations to supply the whole of europe is to unload it for provide. so if that what it'd be supply stoppages in india or china, you may be able to supply patients in europe to hit the button, protected in level for so and when it comes to you support for such production facilities, the company boss is cautiously optimistic. for this august the to use we have a foot in the door with discussions moving in the right direction. we have a sound working relationship with the restored use and the austrian government assisting politics. the example of going to shows how europe can become more independent and the struggle against the supply bottlenecks. meeting greater security and times

europe has always been under their thumb, so what... of course, they squeezed it out, look where they have a crisis, europe, so the enterprises went there, they, they, one of their main competitors, which they had, the german auto industry, they simply zeroed it out, why, actually, american hegemony, i think, so to speak, is becoming a thing of the past, they couldn’t find a paradigm, but somehow they let the chinese loose with us, where, how where, we are conducting some kind of brics, we are trying to build our own, our own line. he won't chicken out, it's just not in his mentality, he doesn't need it, why should he fight with america, that's what china needs to share with america, like what are the world economic ties, they are everywhere, he doesn't need to share them, world economic ties, because chimerica works great, what chimerica, there is no chemerica, well of course not, and what is the volume of trade and what, what is the volume, volume, it's one thing to trade, and another what, and another thing, so to speak, to build you

and europe has this incredible payment. know, there is a question of i think productivity remaining high. but sometimes when they look at that you can see why china may say you don't want to start that >> how about an overlay on top of that global picture of china. the overlay of the elephant in the room. incredibly rapid technology technological changes. how are you with the markets responding to that. >> we have always been incredible implementation. technology of that will be called an initiative. world customers. that has been the case. everybody talks a lot about generative ai. we have been on that journey for a while. you can say erica how much did i pay just last month. you know, how much did i pay, you can have that conversation. working through that. huge demands. not paralyzing that. i find it quite eye-popping. about a decade ago one of the largest oil and gas companies. we were talking about comparing it at the time where retro craft a few of those that follow trailing the thermometer and you drove another kilom

i did he make europe such a riori ? ~ did he make europe such a priority?he understands _ priority? i think because he understands the _ priority? i think because he understands the power - priority? i think because he understands the power of l understands the power of alliances. if you combined the gdp of the us, about a quarter of global gdp, with a similar amount produced by europe, that 50% is exceptionally powerful. i think fundamentally, president biden understood the gross asymmetry of the advantage of our alliances and the fact that our main competitors, putin and xi in china, this was in ourfavour and he took advantage of the. some people use the word trump proofing, but do you think this is an effort to try to submit the efforts with the war in ukraine. to support ukraine from what could be a second trump presidency, whereas some believe it might not be the same support? i believe it might not be the same support?— same support? i think the question _ same support? i think the question whether - same support? i think the question whether it's - s

of course, on the sidelines of the council of europe, we are also talking through the council of europetion of the same special tribunal is planned, er, and other things, but this is all a long time, and we understand, i repeat, the main thing today is our army and that how it is, what capabilities it has to not just stop. mr. oleksiyu, one of those politicians who oppose giving ukraine the right to strike with long-range weapons is german chancellor olaf scholz. dietzsite writes that the federal chancellor is on the eve of a big meeting 20-year-old in brazil is going to call putin, and it is said that this will be the first conversation since december 22, that is, scholz has not spoken to putin by phone for two years, and it seems that such a conversation should take place, which, what does this mean, on your opinion, this means that western leaders and those leaders who support, including ukraine, are ready for a conversation, at least on the phone with putin, and what kind of conversation can scholz be ready for? well, first of all, there are already certain objections, we don't know

in europe and other countries — many people in europe and other countries such— many people in europenvironmental agenda and j and continue to do so. the - environmental agenda and rising global— environmental agenda and rising global temperatures, _ environmental agenda and rising global temperatures, they- environmental agenda and rising global temperatures, they are l global temperatures, they are getting — global temperatures, they are getting ahead _ global temperatures, they are getting ahead of _ global temperatures, they are getting ahead of themselves i getting ahead of themselves without— getting ahead of themselves without enough— getting ahead of themselves without enough bases - getting ahead of themselves without enough bases in- getting ahead of themselves . without enough bases in terms of technology _ without enough bases in terms of technology and _ without enough bases in terms i of technology and development. they are — of technology and development. they are closing _ of technology and development. they are closing down _ they are closing down everything _ they ar

euro group president tells cnbc he is confident europe's largest economy can turn things around. >> theerman government is looking at the steps they can take and what reforms are needed to up the performance of the germany economy. it is not only good for germany, but rest of europe as well. >>> mercedes drags the auto sector lower with the drop in adjusted earnings as the car demand lowers. >>> and eu court with the tieup with coach owner tapestry and michael kors capri in the pre-market. >>> and the third quarter numbers come in higher by 26% as net interest income comes in ahead of expectations. >>> very good morning. we start today's show looking at some fresh data out of germany we are just getting the numbers from the ifo business climate. the numbers actually came in at 86.5 that is the actual number for the month of october and it is, indeed, a slight upgrade compared what we have seen in the previous month of 85.4 the reading we're getting this morning is also slightly above what analysts were expecting going into the reading so what we are seeing with the fresh data out of ger

usual. we are talking about the most important things that happened this week in poland, ukraine, europe. what is being said about ukraine in the eu, how should we perceive the statements of european politicians and what will our accession to the eu look like. in the project close to politics, close to the world with maria gurska. every sunday at 15:30 with a repeat at 22:00 in collaboration with sestri eu. good evening, we are from ukraine. well, about the news briefly: the number of victims due to the enemy attack on zaporizhzhia has increased, according to the state emergency service, 18 people were injured, including a 12-year-old child. unfortunately, one man was killed as a result of an enemy attack, and 28 residents applied with the help of psychologists. the enemy hit the city six times with aerial bombs, one of the scabbards hit a 16-story building, the upper floors were partially destroyed and the facade of the building was damaged. 25 gutted. as a result of the enemy's attack, private houses were destroyed, and the russians also targeted infrastructure facilities. rescue opera

or in europe. some of the ideas were devised by a couple of treasury department officials as well as white house officials talking about how to attack russia's financial plumbing to make it harder for big russian companies to raise money in the west. this would be a punitive measure that would not cost the west much but cost russia much more. if you remember, europe was still coming out of the european debt crisis at that point. the u.s. economy, the recovery from the financial crisis was considered still weak. obama administration did not have an appetite for hitting that hard. go into this in the book -- there should have been a stronger response even if europe was not willing to go along. in retrospect, some of the sanctions did have quite an effect at the end of 2014, oil prices came down. policy that they took on board. and i thought it was quite interesting. and one of the figures i quoted said, well, we know how to fight a financial crisis. can we figure out how to cause >> i thought it was

versus europe. difficult session for europe. over and spain, negative by 1.2. if we get the gop sweep, you have to imagine that some of those companies -- countries might be between a rock and a hard place. lisa: exactly. you have to wonder if this approach is the right one when you have these imf meetings and world leaders coming down to decry the deficit. should there be more focus on may be how they will support some of those industries in the region if that ultimately is one of their big challenges? jonathan: yeah, more headlines on innovation and less about finding tech firms in the u.s. lisa: exactly. looking at the potential for innovation, looking at all of these things you start wondering -- i'm a big deficit worrier, i say it, however there is also room for what are you doing on the others if you have some structural issues in key industries? jonathan: european equities, softer this morning. here in the u.s., negative. here is your bluebird brief with dani burger. dani: shares of sap rising in the german trade. their biggest software company reporting