n g that could threaten europe. we can just take a quick lesson of your being analysts estimate to the new us and ministration will probably use the energy supplies as a liver of pressure towards europe. it is estimated that it will try to expand ellen's. you facilities in the united states and the rates experts to be you creating an even greater danger of dependence since europe is this the interest self from a russian guest by schedule. this will threaten the energy security of the you creating a new dependence on the single supply. some of us will call out hyperbola because the us and the your close allies. so are those concerns justified as well? i think we need to look at the, the, the, the background reality here. the background reality is that and in the 1st 3 quarters of 2024 us natural gas production from shell and type formations, which accounts for 79 percent of natural gas production decrease slightly in the 1st 9 months of 2024 compared with the same period in 2023. and if this trend holds for the hold

the damaging to europe enter the world, even though europe claims to be a leader in environmental protection. the great deputy defense minister has said that if the us replace this russian gas with its own l. n g that could threaten europe, we can just take a quick listen. you're being analysts estimate to the new us and ministration will probably use the energy supplies as a liver of pressure towards europe. it is estimated that it will try to expand ellen's. you facilities in the united states and the rates experts to be you creating an even greater danger of dependence. since your is distance interest self from a russian guest by schedule. this will threaten the energy security of the you creating a new dependence on a single supply. some of us will call out hyperbola because the us and the your close allies. so are those concerns justified as well? i think we need to look at the, the background reality here. the background reality is that europe has placed its reliance upon an energy power. the united states that is seen declining production from shale formations of natural gas and is go

and the us administration has imposed sanctions that have caused energy prices to rise in europe. europe is rapidly approaching a new energy crisis. now this is what they, hong gary and fund managed, was referring to san is the start of this year. ukraine has terminated old tacit of the rough and natural gas across its territory. also just last week, the us impose sweeping sanctions against the russian oil industry. specifically targeting the major energy supply, a gas from that. both decisions have spots outrage in europe. the box that goes with it is aspect of your decision to stop the transitive gas through ukraine to slovakia and other customers is causing enormous damage to ukraine itself. does look vakio and in particular to the european union, it has provoked various reactions that are not conducive to either bi lateral or multi lateral relations. i am not alone in my position in europe. the decisive issue is not that the slovak republic will lose around $500000000.00 euros a year from the cut off of gas transit. what matters is the impact of your decision on the competitiveness o

we need a seed not to supplies to europe. the deal was with almost a $1000000000.00 to ukraine last year, boss. it saves those payments, have help the russian boy, if it russia is now expected to lose $5000000000.00 in annual revenue. so vanka is one of several e u members. i'm happy about to move. it's apartment is still robot. feet so visited most go in the same, but so vakio relied on guessing ports vi ukraine and made money from transit fees. finding alternate routes may be costly. outside the u. mold, dove is worst affected. it's being forced to impose a 60 day state of emergency and its energy 6 to specially a rush are invited to crane in 2022. it was the biggest supplier of gas to be you providing more than 50 percent in 2021. but since reducing is dependency of to invest in phase and the you impose to just 8 percent in 2023. they are alternatives, but they are tend to be a bit more expensive than the russian pipeline. guess the impact will be solid, especially in australia, in hungary, in slovakia, where the price of

you the astounding absurdity of terry brittle as tyrant of europe. tyrant of europe. wow. but no ilan musk the eu has no mechanism to nullify any election anywhere in e u, not at all. what is said in the video related only to the application of the dsa and it's moderation obligations lost in translation or another fake news. well, some of a former comments thoughts track probably feels quite personal because of course we know that the video has very open and consistently fax, the alternative to job many policy. and the s p a has become a bit of a policy non growth within brussels. it's been smith this fall, right? it's on the investigation for extremism in berlin. and it's supposed to dismissal it this, they say, but we're me, friday really poses is to the low blessed ideology on things like well. well, the policy has perhaps that if it comes to power, it will stop on shipments to pray for example. and this message is gaining traction among significance waves of the german public with poles, placing them at around 20 percent, and david kept with the front runners of the ra

ukraine has halted russians, gas flows to europe, but who does the decision? how most moscow cheese or european nations and sales of foreign smartphones of whom was tough in china. apple is the main loser. so have chinese consumers lost the taste for iphones? off to almost 14 years of civil war, syria as president bush, all of us out has gone. but the nation's economy has been decimation most of its oil and gas well as roads, electricity, grid, farm land, and the infrastructure a damaged, crippling the economy even a. so there is a wide range of western sanctions and post on the nation. and on. busy top of yeah, i'll show him the main group the other through i'll aside that is now leading serious transition. those measures prevented all sides government from doing business with other nations and private companies. they've also had put the delivery of much needed. a video administration says with lifting those sanctions is vital to help rebuild the country, but will they ever be removed? we'll discuss that with august shortly. but 1st, the report from sent them

now we've heard a lot from leaders in europe. we've heard from russian authorities up until this point. we have not heard anything from the charger side. so it's going to be important to see what the trucks have to say with respect to the allegations that are rising as a result of the attack on saturday. a breakthrough deal between is realize loss is close. that's according to an r t source. we told us the final draft of a ceasefire and hostage release agreement is currently being reviewed. following recently, wrapped up talks between the 2 sides in doha ortiz, middle east, corresponding re, if an option that can tell us more. it has to be no a special announcement. she has put multiple sources in numerous reports say that the deal between israel and her boss is closer than ever. and indeed, a roman mentally sources also earlier confirmed that's 2 t the agreements that could bring hostages home. and of course, paid the way to ending the states and conflict in gaza, which has claimed over 46000 lives, according to local health off

for just it was the last major russian gas route to europe. a pipeline passing through re crane has recently run dry keys has refused to review a transit deal after it expired last week. a europe is already significantly comp moscow share of its gas imports following the loss of invasion of ukraine in 2022. while the decision does deprive russia of solve its gas revenue, keith is also set to lose millions of dollars in transit fees. and the impact of that hold could ripple through europe's energy sector as our expense reports. russia had loan being one of your biggest gas supplies about the war and ukraine has reduced those inputs to a fraction of what they once were. now a 5 year deal between russia and ukraine has expired, shutting off a key pipeline into the european union. i'm gonna stick with the what's the point is we will always in favor of gas appliance of the supply is being above politics of the and being purely economic matthews. we need a seed not just applies to euro. the deal was with almost a $1000000000.00 to ukraine last year,

if you look at what europe has been doing in terms of competitiveness, and in many respect europe has been strengthening up. we are expressing who we are, and like once again president macron said on monday, europe has to wake up and continue to do so. >> good afternoon. a question from lci to both of you. what do you make of these expansionist statements made by donald trump regarding canada and greenland? and could you -- and second, what is the -- what are the american guarantees to provide support to ukraine beyond january? secretary blinken: i can only repeat what i said a moment ago. quite frankly, why are we dwelling on this question? it's not going to happen, so let's not waste time discussing it. as far as american, u.s., support, what i can tell you is that during the biden administration, we will continue providing our support to the ukraine, including during the upcoming days. at the same time, we have an exceptional support from our partners. during the -- some two years of the aggression of russia against ukraine, we've brought some $100 million to -- of support to ukrai

talk to me about europe by way of— in future. talk to me about i europe by way of comparison.ermany was once the powerhouse economy of the eu, which isn't so. where does the uk fit enough picture? we which isn't so. where does the uk fit enough picture?- uk fit enough picture? we are curowin uk fit enough picture? we are growing stronger _ uk fit enough picture? we are growing stronger than - uk fit enough picture? we are growing stronger than they i uk fit enough picture? we are| growing stronger than they are in europe, and we are expected to grow stronger again coming into 2025. it is looking like we are showing a lot of resilience relative to what is happening on the continent. if you think further yonder, the trump policies will impact the eurozone than necessary uk. thank you, mark shepherd from the yorkshire building society. we touched on europe, and let's focus in germany. inflation rose again, coming in at 2.6% in december, up from 2.2%. meanwhile in italy, consumer inflation is just half that, at i.3%. it's an illustration of an uneven picture across europe with som

to singled out the turk stream as a crucial energy supply route for europe. can you tell us a little more about the role. busy that plays well. first and foremost, we understand the church stream was established by russian and turkish companies. there was a great deal of the nation. we understand that the compressor say should sort of rush out, of course, leads into the black sea and in korea code, there is a receiving station. we understand that russians are to, to that point were of course committed to the project independently. and then we of course, taken to consideration the likes are hungry, which of course helps for the project to spend. but at the current moment, there is a 2nd pipeline that of course distributes the energy to the state of georgia and another one that runs through europe. or through your opinions and be understands how do at this get a moment is quite adamant of both over this acquisition to establish if we had to come to the friendly pressure against the tucker stream years ago, we would now be in a very, very difficult position as a

that will allow the tons of russian gas across it's, tara treat to europe. so i think this is a calculation on the thoughts of the ukrainians that as your previous report mentioned, that. ready the ukraine will lose money from the end of transit. they want to deny russia any revenues that can be used, obviously to fund this that continue in. ready and you credit for it, so how, how damaging will this be to watch or how much money is it going to get a news that it will be put towards? it's for able to put towards as more effort. so this is really into parts. firstly, it concerns the tax revenues that go to the russian federal budget. the oil and gas sector and russia has a hold accounts for about the versus federal budget revenues. all stats about 20 percent is derived from the gas sector and 80 percent of the old sector. and those gas sector revenues a split between a tax on gas as it's produced in russia, the coordinator like struction tax or royalties and customs duty on the exports of cost to euro, which is levied at about 30 percent off the the values th

so this is not only economically damaging to europe, it's been enormously economically damaging to europe, but it is also environmental. the damaging to europe enter the world, even though europe claims to be a leader in environmental protection. the great deputy defense minister has said that if the us replace this russian gas with its own l. n g that could threaten europe, we can just take a quick listen. you're being analysts estimate to the new us and ministration will probably use the energy supplies as a liver of pressure towards europe. it is estimated that it will try to expand ellen's. you facilities in the united states and the rates experts to be you creating an even greater danger of dependence since your existence interest self from a russian guest by schedule. this will threaten the energy security of the you creating a new dependence on the single supply. some of us will call out hyperbola, because the us and the your close allies. so are those concerns justified as well? i think we need to look at the, the background reality here. the background reality is that europe has

what can europe do to vaccinate if you will against that problem. and in georgia president mccrum said a new election could be -- but what is your thoughts on that and is there anything that alice can do quick thank you so much. >> thank you. happy to start. on ukraine as we have been clear what we have all been working to do is to make sure as ukraine engages this year in 2025 weakening gauge from a position of strength and whether that means continued to fight or if russia refuses to stop or whether it means entering into negotiations. if it leads to cease-fire and maybe beyond. as i mentioned a moment ago we will continue to bring that support forward to ukraine in our partners will continue well beyond. if there's going to be a negotiation if there's going to be a cease-fire because we have gotten to that point i think it's going to be critical and i believe the incoming administration will want to make sure that they negotiate the best possible deal of the best possible deal house to be one the built-in to it real deterrence against russia's re

so clearly his messages and that germany's task is europe, europe, and once again, europe to be stronger. i want to bring in you match because a lot of headlines were made by at least 5 all the tests to kind of the, the doing a twitter space, an ex space with 8 on mosque who is an advise of donald trump, one of his bros actually one of his key buddies in the selection campaign and, and it made everybody feel like, okay, these interests of every muscle lines are very close to each other. the if the is close to the trunk come up. but this is what a least vital had to say. about the relationship to the us address, actually a judge and not to you this with george. not only will this believe the, the alternative for germany on our beloved policy towards our beloved project for germany. hi, it is the only policy that has all communication channels open in the east and in the west in this well, let's look through the, you know, the, we've got the new policy b, s w way. you also did an episode with them. but what we did here at berlin briefing the new as of our and connection lines. and we just

busy rage in ukraine in europe. the box that goes with it is aspect of your decision to stop the transitive gas through ukraine to slovakia and other customers is causing enormous damage to ukraine itself. does lavaca and in particular to the european union, it has provoked various reactions that are not conducive to either bi lateral or multi lateral relations. i am not alone in my position in europe. the decisive issue is not that the slovak republic will lose around $500000000.00 euros a year from the cut off of gas transit. what matters is the impact of your decision on the competitiveness of the european union, the organization you are applying to joint i put on some i've done to put it very clearly. once again, the sanctions have nothing to do with morality. they have nothing to do with human rights, they have nothing to do with love of peace. they are simply an economic stimulus program for the u. s. economy and the killer program for german and european companies. quite simply a killer program for our compan

i am not alone in my position in europe. the decisive issue is not that the slovak republic will lose around $500000000.00 euros a year from the cut off of gas transit. what matters is the impact of your decision on the competitiveness of the european union, the organization you are applying to join us here. hold on. so my gun to put it very clearly. once again is that a sense of having nothing to do with morality? they have nothing to do of human rights either. they have nothing to do with love imperials. they are simply an economic stimulus program for the u. s. economy and the killer program for german and european companies. you know, quite simply a killer program for our confidence that has to be said clearly, and they also have a very clear purpose. the purpose is to increase the united states share of global value creation again at the expense of germany and at the expense of europe they go by. that's what it's all about. if the americans sell us gas at competitive prices, yes, please. then i think we should also by o

europe is another one.t has more defensive characteristics, but interesting in the environment with dollar strength out there because of how internationally exposed there is. i think there is potential for at least relative out performance for the ftse 100. >> the call is interesting with all of the volatility on the political scene. david, i would like to get your thoughts on the banking sector as well. we just heard from some of the u.s. p imagine majors to start earnings season. what is outlook for european banking with the growing consideration with the consolidation? >> it is interesting if you think of banking in a global context. we are thinking about financials. we are overweight globally. when you think of the impact of trump on the global outlook, it is different for the u.s. than europe. it is one of the few sectors where there has been continued upwards momentum. it is a place that out performed relative to the rest of the pack. valuation still looks okay. we still feel okay about the european b

host: let's move into europe if we can in the situation in ukraine. some people have described it a stalemate. how do you see this playing out next? and what, what's your, what's your takeaway at this moment in time about that conflict? gen. milley: well, i think it is a strategic stalemate so tactically at the tactical level you're getting puts and takes on either side, you saw this offensive by the ukrainians in to kursk. you have seen local offenses by the russians. so tactically, you're getting some advances and retreats on either side. so there's some tactical gains and losses. but at the strategic level, it is, in fact, its stalemate. it has been for some time. and what do i mean by that? well, warfare is always about political objectives. so the political objectives of the russians was to go ahead and well, warfare is always about political objectives. so the political objectives of the russians was to go ahead and topple the uh the government of, of ukraine, the capture or kill zelensky and his government and then advance to the river and then

here in central europe, we face the challenge. it is that the amount of crude oil coming into the region will decrease. so the fuel market is facing challenges. this means that less oil can be processed in the region, so there will be a much greater demand for finished refined fuel in the region, petrol and diesel. so the sanctions now being imposed on the energy sector by the outgoing us administration could lead to a serious fuel price increase in central europe. meanwhile, the, by the ministration on its way out, the door has just sanction serbia's only oil refinery, which just happens to be russian gas problem controlled. sounds like they just might need more pricey shipped american alan gee, now like the rest of europe. it's like when someone's tires get slashed and sons, she do just happens to be there to sell you some new ones. or when germany's nord stream pipeline gets mysteriously bombed after bite and uses about it aloud, right beside german jazz are all actual at the white house. and all luck, american elegy is just al

>> there are opportunities across europe and western europe and we find compelling valuations in thatld have never been at the discounts they are against the u.s. markets. so, it's a historically interesting time to invest and when you add the layer of the currencies in europe having sold off so much. so, you are buying these discounted companies at valuations. also, the currency you pay as american investors to acquire the companies is depressed as well. there is an opportunity. we think there are so many companies in europe that are leaders in their sectors from a global perspective that have attractive growth outlooks and attractive margin outlooks as well. we think that is a good place to start in europe. just because it is based in europe, doesn't mean its fortunes are based in europe as well. >> i noticed, however, you are bullish on two particular stocks. explain to us why you are bullish on these names and for transparency, do you own the stock as well? >> we own both companies. look, renew is one of the companies we are a large shareholder. the company is being acquired and t

we're in europe. a continent once blanketed in primeval forest, 6000 years ago about 80 percent of it was covered and treat most of as far as their guns. but a few primary force remains and they're a paradise for ecologists and other scientists. all listen more about trees and forest on this edition of the w science show. welcome to tomorrow. today.

once they reach europe, the struggle continues. who is gone to the silent who is allowed to stay in germany and who is not finished. i'm living in this world. i never had applied for their have nowhere to go positive and insight into like living is from the streets of afghanistan into the ring. so it is finding is pete's can in your society from refugee to boxing, for my goal is to be the 1st ever i've been championed. let's ask you, how do you make it as a refugee in gym and the, this is my to that is where i live in building since 2 years. as you can see, my pride on the i used to steve lady 5 to 6 person in one room. so it's a lot of space. i still a thing that i could been up to 10 people here. most i've done things that anyone who lives in euro or anyone who lives in germany is the rates are the thing that we are menu nurse or we have a lot of money or that we just living the best happy life. but it's not there. yeah, i used to live in if you would, you come and just imagine living with a 160 to 200 people in a big hall and ju

in asia and europe, stressing european security? the possibility of a horizontal linkage between a ukraine or baltic scenario and a taiwan, south china sea scenario. in asia it does not seem so far-fetched anymore. how are europeans thinking about that? liana: the answer will frustrate you, even if it is a brief answer. this is very much perceived as a u.s. problem, not two conflicts that your past to address. the question is how do we prevent the u.s. from abandoning, for going for taiwan rather than estonia? had to be keep the united states in? but there is no european thinking on how to address these conflicts. rush: thank you. that is very reassuring. [laughter] obviously, you need to write more foreign affairs articles on the subject, and the person who could authorize that is shannon o'neill. >> editorially independent from the rest of the council. rush: i don't have to be so careful. let me ask you, shannon, broadly how is the region looking at the china-russia relationship. more specifically, how are latin american companies

and he'll benefit from europe, substituting russian gas with l. a. n g. or apparently the us, of course, i mean they, they have to buy l n g from the us, which is both times higher than the price that they are, they used to get. and so we really don't know what uh, what your end is doing this or why they are doing this to itself. yeah, that's the, the main question here. nelson washington has imposed increasingly severe sanctions on the so called russian shadow fleets vessels that supposedly carry russian goods well being registered in 3rd party states. what repercussions could these 3rd parties, phase 2 thing where i think the, these sanctions have kind of extended that coverage to anybody that is doing business with rupture or inc connection with russia. so, um, well we don't, we don't really know where the sanctions will go. eventually, but uh, i mean, maybe that's, you know, part of what by d as been doing as his last minute resort to, to basically uh, you know, through a hot potato to the upcoming president. trump, to handle it. let's right. mean me,

and especially us europeans in europe. that the so called um, guardian of democracy the european union and its member states are actually preventing elections from canceling elections. this, the results are not in line with the globalist visions of war against russia. and um, in general, um the plans off um the trends formation of um, europe in society. so just as of course, um, 1st of all at last um for the european democratic project itself because now the whole world, tennessee, um that's weston, well use are actually based on double standard sense on hypotheses. and so this will, of course, um, affect um the next romani of elections and most importantly as um, a lot of the protesters today set that's this is actually um, killing tom romani, and democracy and um, your opinion buffers in general. and i think this is the much bigger consequence out of that's, that's the west is obviously willing to kill democracy and install or kind of talk proceed in order to say 6 um global political project. it's very interesting as we

the landscape doesn't resume the transfer of russian gas to europe. thoughts and fixing the streets of the medium capital, demanding the resumption of a presidential election and notified the constitutional court. after an empty brussels candidate tops of polls, the from must go to the world. welcome to the news, rough of the week that was on right up to the moment developments as well. the us is preparing for a meeting between donald trump. vladimir puts an that's according to trump national security advisor, designate mike walls, who also stated that a telephone call between the leaders may help and as soon as this week, well, we have a uh, yeah, set the exact framework for it. uh yeah, we're working on that, but i do, you know, expect a call for uh at least uh, in, in the coming days and weeks so that, that would be a step. uh, we and, and we'll take it from there. everybody knows that this has to, in somehow diplomatically, i just don't think it's realistic to say we're going to expel every russian from every entry of ukrainian soil even cried me a president, trump has acknowledged

but it's not a tropical jungle or the amazon rain forest were in europe. a continent once blanketed in primeval forest, 6000 years ago about 80 percent of it was covered and treat most of the as far as the guns. but a few primary force remains. and there a paradise for ecologist and other scientists. all listen more about trees and forest on this edition of the da at least science show. welcome to tomorrow today. who the fog? a rush mountains in romania home to one of your last primeval farmers. there are still areas here where few people have a set of books we had on the cloth and the remote problem are you forest project at the check? university of live sciences in prague loves the deep valleys if the company attends, but she's concerned the most of the rain forest it gets huge. media attention paused here in europe. we don't seem to be caring about our own for us. that's our existing research team keeps finding clear cut areas deep within the forest and i, this is quite terrifying. the rates of the for our station occurring here. we have no clue or stud

i doubt whether it would be too much of an aide from the rest of europe. all right, well there with our senior research fellow at the global policy institute, george samuel la george. thank you. thank you. a building a south africa that belongs to all that is the rallying cry for president. so run a post commemorating the 113th anniversary of the african national congress. pose a is head of the ruling a and see that has shaped the south african history and its fight for independence . the party originated as a liberation movement, fighting against apartheid under the leadership of nelson mandela at squeaked by in the mail actions and is focusing on the future and the country's economic growth. to show up the new coalition government we've heard from the south african foreign minister says brooks is the central part of that future. the toner, wherever they seem to be a little overboard. that is able to help us at a low door to, to, to help us to resolve this is for the development, the alternative level. but also the day before the reform detection, that mo

, clear, the lack of a gas storage for the winter in europe is not the next a down to a company. but this is just one of the pressing issues. many of the european countries are facing or has been spicing for years. drastically. the rising cost of energy has seriously calls the lack of competitive advantage of european products and the sky rocketing electricity. bill has suddenly brought down this standard of living for the people. the question is why europe is doing this to itself, of the politically this should have realized today's situation a long time ago, what, why nothing has been taught to prepare for the worst. these sanctions have kind of takes time. did that coverage to anybody that is doing business with rupture or inc connection with russia. so um, well, we don't, we don't really know where the sanctions will go eventually. but uh, i mean, maybe that's, you know, part of what my d as being doing as his last minute resort to, to basically uh, you know, through a hot potato to the upcoming president. trump, to handle the mark circle. burke has a 100 in the is parliament

he also forward his way through many hardships, i made it to europe, one of many 1000000 sling bull and tara, in that home countries. it was an easy, a lot of people has died, get inquiries from thoughts in the water. once they reach europe, the struggle continues, who is prompted asylum, who is allowed to stay in germany and who is not finished. i'm living in this world . i never had applied for their have nowhere to go positive and impact themselves into like living from the streets of outcome just on into the ring. so it is finding is pete's in your society from refugee to book sing for my goal is to be the 1st ever i've been championed. let's ask you, how do you make it as a refugee in germany? the, this is my to that is where i live in building seems to use as you can see my pride on the i used to steve lady 5 to 6 person in one room. so it's a lot of space. i still think that i could been up to 10 people here most i've done things that anyone who lives in euro, or anyone who lives in germany is the rates are the thing that we are a menu nurse or we have a lot of money that we just