europe deserves to be strong and for this, europe needs the e.u. and nato. if it is possible without ukraine and without a just end to russia's war against ukraine, i am sure the answer is no. only a real security guarantee for us will serve as real security guarantees for everyone in europe. we must ensure that america also sees us as essential. for that to happen, america's focus must shift to europe so that one day in washington they will say, all eyes on europe, and not because of war, but because of opportunities in europe. europe needs to know how to defend itself. hundreds of millions of people go to europe to see its landmarks, to loan from its cultural heritage. millions in the world dream of living like europeans do. will we be able to keep it and pass it to our children if we in europe can answer positively. america will need europe as well as other global players. europe must shape history for itself and its allies to remain not just relevant, but alive and great. thank you. [applause] if i can use ukrainian it is good. >> your english is becomin

europe will lose. and now europe is falling behind and the development of artificial intelligence.gorithm are more powerful than some governments. already the fate of small countries advanced more already not leaning in the global tech race falling behind both american china. this is not some minor issue. it's about weakness. economic and political europe is more focused on regulation then on freedom. but smart regulation is needed russia hesitates but we should ensure maximum tech development make all significant decisions for the whole of europe. from weapons production, to tect development, you must lead and europe must become the most deflected market in the war. and finally, finally europe must be able to keep peace. peace and security for everybody. for itself and for others those in the world to matter europe deserves to be strong for this in the eu and nato it is possible without ukraine without a just and to russia's war against ukraine. i am certain the answer is no only real security guarantees for us will be real security guarantees for everyone in europe. they must ens

will president trump even notice europe? does he see nato as necessary and will he respect eu institutions? ladies and gentlemen, europe can't afford to be second or third in line for its allies. if that happens, the world will start moving forward without europe. and that is a world that will not be comfortable or beneficial for all europeans. europe needs to compete for the top spot in priorities and technological development. some see as a problem for europe, but others call a challenge. europe must establish itself as a strong global player. as an indispensable player. let's not forget, there is no portion separating european countries from russia. european leaders should remember these battles involving north korean soldiers now happening in places geographically close to davos than pyongyang. russia is turning into a version of north korea. a country where human life means nothing. but they have nuclear weapons and a burning desire to make their neighbors' lives miserable. even though russia's overall economic potentia

europe. >> to be competitive. there's no. >> innovation without the money for. >> it in europe. >> exactly. you need to you need the investment. >> in innovation. >> but you. >> need to invest to. >> invest also in infrastructure. we have huge infrastructure needs. >> you need. >> to invest in the companies and. >> the smes. >> we just. >> need. to get our. >> financial system to be more efficient in channeling the savings to productive investment, which is the big role that banks play. but really, believe me, steve, i think they're coming to understand. >> and i think. m&a is. >> back on. >> the table. >> in europe. i was telling you a few years ago, it's boring. >> because it takes. >> a long, long time. you might remember. yes i do. well, the point is that it might be boring, but it's essential that we gain scale. yeah. to compete in the world. europe needs larger banks like it needs larger companies in telecom. it needs larger companies in the tech industry and in other industries as well

but honestly, europe must be better. >> so tell me exactly what you mean when you say europe must be better. what concerns you the most right now? >> i mean europe is a rich continent. but we are getting behind u.s. i mean, this is just -- latest years, been so for quite long. we have too low roads and too low productivity and that's our problem. we have big needs and we can be richer. but we have -- we don't focus enough on the things that can make our economy grow. >> yeah, i think the long-term criticism against europe has been that it is regulate first and innovate second. so what is the appropriate response? you run a large sophisticated economy. what can you do to stoke animal spirits across the continent? >> i try to remind us all. i mean sweden is a very -- i mean, we're very dependent on export. i mean, our economy is not the biggest one in the world. but we are -- we explore a lot. so of course if more and more countries get more protectionism or higher tariffs, it's bad for us but it's also bad for the global economy. and that's -- it's not to good for u.s. if they -- if n

a sovereign europe needs that. this is why we need to align our policies on the european union in the coming years. competitor law, industrial policies, financial policies modern immigration law belong together for want to establish new and promote new growth in europe. it is possible. i agree with that. our companies need better financing options and capitol information. financial investors stand ready but far too often they fail due to national organized capitol in your prayer is important to make substantial progress when it comes to deepening the capitol market. it's not just that marginal expert topic is of crucial importance for the future of the competitiveness it's important crucial for the future of europe. this entails the eu produces excessive redtape and regulation. the european commission promise that. we are going to demand a new commission to pursue this key task but let me give you what example. the future about that. no one does macao need suggest otherwise harms our industry. it's also harmful whe

in europe and in germany and everybody can see what they want. even if he is the billionaire. what we do not accept the synthesis supporting exceeding under extreme right positions and this is what i would like to repeat again. another question i think europe needs preparation and we you know that there are a lot of strategies for starting and for increasing population and willingness and this is why we so much support the idea of free trade and also of developing a trade agreement. and i am having we are now successful the mexico and their think that it should be the last one today when there many regions which are working very hard to get this done prayed with india, indonesia, malaysia, really other countries and regions i think they should be now more successful than in the past and would create more freee agreement between the union by the countries and regions. >> mr. chancellor, if i may ask you a question, could you look at what the views related to strengthening your insecurity. were living in a dear dangerous world pretty unimaginative

in europe, he wants europe to import more from the u.s., particularly energy.e wants help on funding from nato as far as military funding. he probably wants them to lay off a little bit on the tech companies. so there's an understanding of what is desire is and so then you get to the table and start to negotiate. francine: is it possible to know whether he's better for public markets and private markets? jenny: i think a view is that he's going to be good for the economy and that therefore is good for both public and private markets. francine: what are you seeing in private markets? jenny: you're starting to see more movement on ipo's, which is good for the private equity business. the areas i am most focused on is the area i think has tremendous opportunities, secondary private equity. there has been so much deployed in private equity. there's about 150 billion deployed in secondary private equity. i think they deployed about 70 percent of their fund with large discounts, more than 60 percent the average historically. they think it's a really interesting oppor

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

in europe last year came from renewables.enewables are already a reality. i think not only bringing solution to climate change, decarbonizing an energy mix, for sure, they are also bringing this better serenity. whatever is installed in europe is producing regardless of other partners, willingness to import or export to your. i think the sovereignty that renewables spring should be an additional argument for european to continue and don't lose the conviction to derail the renewables powers. francine: how much do renewables depend on the price of energy? the lower the price of energy of fossil fuels go down, does it push back actually the adoption of renewables? >> i really don't think so. in most cases you would see renewables are actually very competitive. of course they don't suffice alone. you need to complement them with energy storage. batteries are going to be very important. you also need to look at upgrades. so all these elements are going to be very important. then we talk a lot about electrification. there is also t

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

when will you be based in europe if you're not - based in europe if you're not already?week an important decision _ already? we made last week an important decision that - already? we made last week an important decision that we - already? we made last week an important decision that we willl important decision that we will introduce a compact suv for polestar, we coal it the polestar, we coal it the polestar seven and we made a decision to do this year in europe and the exact location we will announce into two — three months in which country but also... three months in which country but also- - -_ but also... you can tell is now on bbc but also. .. you can tell is now on bbc global— but also... you can tell is now on bbc global news, - but also... you can tell is now on bbc global news, it - but also... you can tell is now on bbc global news, it would | on bbc global news, it would save you a lot of pr money, you can announce it here, we want be based in europe?— can announce it here, we want be based in europe? thanks for the offer but — be based in europe? thanks for

switching to europe then. the ecb speaking to bloomberg on the sidelines of the world economic forum about his inflation expectations. let's take a listen. >> all the data that i read over the last couple weeks was a surprise to me. it gave me the indication, also the certainty that we can achieve our target. we shouldn't forget where we came from for the euro zone. we are close to our target. tom: obviously on the hawkish end of the spectrum when it comes to the ecb, given his role at bundesbank. where do things stand in terms of expectations for ecb rate cuts this year? valerie: a cut next week is almost certain based on the ecb chat we had yesterday on the sidelines of davos. the market is pricing -- pricing in around four cuts to reach neutral which is around 2% so the market thinks. it's interesting that none of the ecb members yesterday wanted to talk about entering into expansionary territory. the possibility of going below neutral is something they don't want to discuss. another topic that was discusse

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

and what is happening in europe and ex- ex-europe as well.t else is giving you pause for thought as we push through 2025? >> yeah, we are -- we are p spending a lot of time trying to understand regulation. there seems to be less regulation going forward. i see regulation like you come into a bar. each bottle tastes pretty well, but when you pour all the bottles into one bucket, it is not good anymore. that is the thing with regulation. all nice and well meant and so on, but when you put it all together, it is hindering growth. what can we do with the regulations? the same with reporting. we are advocating, you know, a kind of -- we think that climate report is ex-tremely important. we are advocating for a simple reporting structure and advocating for companies now to increase probably half yearly rather than quarterly. we think it leads to long-term thinking. >> would you say too much regulation in europe right now is hindering growth? >> i think it is something we need to watch and that's for sure a danger. that is something draghi is pointi

for washington, trump still thinks that america is getting royally screwed by you guys in europe. they're very tough and they don't take our cars. they don't take our farm products and then take almost anything. and we take their cars and we take their farm product. we take a lot from them so you know, we have like a $300000000.00 deficit with you. we'll send that out with either cash or they have to buy uh oil. he sounds like you is almost victimizing washington or has been doing so. so what trump is saying is the issue you doesn't increase its dependence on american energy even more, which have excess they want to precisely avoid doing. then here from the terrorists, maybe around 10 percent on european imports to the us. sounds like they're getting backed into a corner here, which should be, should be nice to have some options. but instead, they're squabbling about whether to extend sanctions on russian energy at the even is they sneak in russian l n g on the down low in record, high amounts of the 1st 15 days of this year. kind of like junkies getting their fix on the down low,

is it america for destroying europe under the energy bus as well in europe? many leaders and the public at large are worried about what's going to happen this winter and sort of done and the context of this. as i said, decreased significantly. res, every us and china, and therefore there is a need in the u. s. in in europe to pull together. but clearly in the war between russia and ukraine, us and u. k. plays a crime, monroe in terms of advising, providing the best depth and re intelligence and the tactics. of course, i have no doubt that as even the north sea $1.00 and $2.00 of these happened the same applies for the tax 3. so there was definitely a strategic embrace behind what's happening in the recent pale case. i hope it's not going to, there is nothing to give to our data. but we have to recognize also that there was a war going on. russia is that sort of thing. you brand new press structure and as you press start to seriously destroying it and you create is trying to do the same thing. my point here is that when it comes to the neighboring regions affe

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 a, if the doing a twitter space, an ex space with 8 on mosque who is and advise the 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 interest of very 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 and russia, actually a judge and not to this with george, not only to delete the, the alternative for germany on our beloved party 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 adding connection and lions. and we just had

l n g exports to europe. now, number one in the world, you know the n g, of course you guys see steve 5 percent of us of energy going to europe. so he's also guessing the bulk. okay. so pipeline guys from russia works is and then you from the us. then the biggest cost is a curie. edu. in this price. now this attack attends this happening again just yeah, for a trump is saying that both parties will come together with the right sort of a settlement between russia and ukraine. is it maxima of their products before both sides? caesar on the table, but i suggested that for turkey to bring this up, you will need to need to context because it's a need to remember to country need to has a responsibility to protect the political as you press direction took. you might also consider joining the russian navy to protect this pipeline across the back seat belt board is a critical national security method for companies like ducky right. because i said, we can see me until i get around 55. you see, i'm a gas and just to pip

even though gas prices here in europe have jump 20 percent already just since december. and there's talk a trunk could slap a 10 percent tariff on european goods from cars to booze, to pharmaceuticals. if e u does it drop to its knees and indulge his trade demands. but hey, it's the price you pay for freedom cleaners. so it says that a new brand of freedom where you can't pay the bills at the end of the month. now we import from russia only 3 percent of our oil and no coal at all anymore. but freedom came at a price. how souls and businesses saw sky, high energy costs and bills from many a yet to come down. so there are some you could say this and invoices in the ear who dare to question brussels about its plan to stop digging itself into a dark d. economical scene. whether it even has any intention to even put down the shovel, whom you asked to get to. you has also isolated itself from russia. european leaders refer to the russo ukrainian war as their own and have eliminated the combination of cheap russian energy in advance european technology and its economic structur

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

and europe to revive sales.car has elements from the cybertruck, including full with led bars and improved aerodynamics and better soundproofing. the ev maker looking for a turnaround after reporting its first annual sales decline in over a decade. that is your bloomberg brief. annmarie: next, trump versus the rest of the world. pres. trump: my administration is acting with unprecedented speed to fix the disasters we have inherited from the totally inept group of people. my message to every business in the world is very simple, come make your product in america. annmarie: make your product in america, he says. a 15% corporate tax rate, not sure congress is on board with that yet. that conversation coming up next. you are watching "bloomberg surveillance." ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys,

it was northern europe that had more strength compared to southern europe.his time it feels a little inverted. southern europe for us, there is a lot of interesting activity in spain and italy and places in those geographies. i do think with the capitol pullback, various opportunities will open in germany. we are active in the u.k.. all those geographies will provide. lisa: you mentioned that the u.k. and a theme that has come up is the debt and deficits in a lot of places. as a homeowner, one of the first ways as they go is taxes on your home and how much you're looking at these policies as headwinds in certain places. david: the headwinds are fairly ubiquitous in a lot of markets. you could add insurance. you could add a lot of pressures on cost everywhere. i think that is something that investors will broadly have to get their head around because it's impacting a lot of sectors. it isn't just real estate, it is the broad economy. debt levels in many western countries will put more pressure on interest rates long-term. as we invest today real estate, it is

here very hot issue in europe as well. maria: certainly in italy as well. >> we risked, with bathwater unless there is clarity around who can and who cannot come. maria: get a tough you this morning. thank you so much, great to see you. thank you we are getting started this hour a third hour don't miss it live at world economic forum you are watching "mornings with maria" live on "fox business" we will be right back from davos, switzerland stay with us ♪ this girl is on fire, walking on fire ♪ this girl is on fire. . after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. (luke) alright, let's settle down, eve

so that we don't continue to invest in technology in europe. 300 billion euros every year leave europebe invested somewhere else. simply because of the complexity of our environment. and of course the energy challenge. joumanna: there is a german election coming up. i wonder whether is too early because we don't know who will win but it is likely that conservatives will come back in again and there will be change of government. do you think there will be more focus on investment and fiscal spending, and introducing more progrowth policies for businesses? takeshi: the environment in germany has been always aimed to foster investment in the country. we as a european based company invested heavily in germany and europe, signaling that we are confident that the ship will be turned around. let's not talk about elections. citizens will vote and we will have advantage or not of government, so let's not speculate about what is going to be happening, but i insist that we cannot look at germany in isolation. we cannot look at france in isolation. we have to really raise the level of political wi

to europe. right? in the heart of wood, a maybe a separate line, i am mostly inclined to veto further european financial aid to ukraine. as such, a decision requires unit empty and the european council president zelinski thinks that everyone should be his servants. in my case, he met his match, robert fits so is the slow back prime minister, not a ukrainian survey that he said so. well that concerns or comments coming off is that landscape met with the slow back opposition to discuss the energy crisis has torn apart the 2 nations bilateral ties. so father ukrainian politician has yet to agree to terms that he will even meet with the actual head of the slovak of him. but in response to feats always proposal to meet in davos. so let's get responded by saying the slightly like 5 minutes to quote keeps failing to reach his destination. despite the west, yes, long effort to reduce rushes, energy sales most goes, revenues grew 26 percent year of a year compared to 2023. that's must go to the east for

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

once they reach europe, the struggle continues. who is grunted asylum, who is allowed to stay in germany and who is not sentenced. i'm living in this world. i never had applied for their have nowhere to go positive in inside themselves. and it was like moving from the streets of afghanistan into the ring. so it is finding is, beats in, in your society, from refugee to boxing, for my goal is to be the 1st ever, i haven't 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 ends 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 europe or anyone who lives in germany is the rates are the things that we are menu nurse or we have a lot of money that we just living the best, happy life, but it's not very honest. i used to live in if you would, you come and just imagine living with a 160 to 200 people

. >> interesting divergence, yet the united states looking good a lot of optimism, europe not so muchostcode for the united states has surged past your use of a bigger gdp because if treated 50 million people board. but now we have a bigger gdp than europe 20 some percent or more, that is because our technology has been so superior to everything in your think about this you cannot get to doubt the day without using american technology, you don't need to use the european technology to get to the day. europeans are using american technology that is helping working technologies they have not recovered from covid quite as much as we did and they did not recover from the great recession like we did europe is not as strong economically as we are and they don't have a strong leader in europe because of the political turmoil. maria: there is talk of structural change that is needed in europe, do you agree at. >> if they can do structural change that would be great the best thing they can do is combine the eu with great britain that's going to happen but they can have a common currency for all

versus europe. a lot of concern that europe has structural issues and it will be a laggard to the united states for some time to come. how do you see snit. it?>> i tend to agree with that thought process. the european commission is talking about trying to create more flexible business environment for the european union, what we're seeing, however, is a bit of volatility or destabilization in what i would previously consider to be very stable governments. maria: in terms of allocating capital across the world, do you want to stick to the united states or is there another alternative outside of the u.s. right now? >> the u.s. is attracting a huge amount of capital because of the engines of growth. the themes that are playing out globally, you know, in u.s. particularly reshoring, b brougt of the manufacturing, america first policies, energy policies, electrification improvements, these are all going to attract capital to the u.s. so i still see the u.s. as the best opportunity. maria: it's great talk

and we have made the decision to do this here in europe.we will announce in 2 to 3 months, in which country. but also you could tell us now on bbc global news! i mean, it would save you a lot of pr money. you could just announce it here where you want to be based in europe. yeah, thanks for the offer, but we're wrapping up all the details. but back to the point of local manufacturing. polestar is doing really well here in europe. we are strong. we are strong here in the uk and therefore this local... to be fair is not the real reason why you're having to manufacture locally in the us and in europe is because of tariffs put on chinese vehicles made in china and exported to europe and the us? that's the real reason, isn't it? no, it's both. it's obviously making sure we have certainty then in terms of tariffs. but there's also economic reasons. as i said, shipping cars around the world is also a costly exercise and also a time to market, produce cars in europe for european customers is also the fastest way to bring our great products to custo

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.

over into europe. why should they discuss what the trends in history and republic wants and resume the fact that the animal, dover, they continue their pro european line. so, why don't, i don't know the least. and how might this task change? right? yeah, well there's no but i wish i knew not, but i'll express my opinion. maybe i'm wrong, mostly somewhere in 2017, 2018 repression cause active resistance in march. 1919 at the call of mahatma gandhi, a peaceful strike began in the country.

i am not sure how the rest of the world feels about this and if europe and kind of dust europe and chinaat people were talking about yesterday with the incoming president taking a measured approach which lasted about six hours. lisa: right now we have to tamper with the idea that usually the zeitgeist tends to be proven then less than correct or not necessarily correct 50% of the time. there is a point about how much this translates to the rest of the world with u.s. companies with the citi head of banking looking outside of the u.s. to do acquisitions because of the strong dollar or investors seeing price to perfection shifting into other places. is the dynamism going to leave the u.s. into other pastors? jonathan: anne-marie skipped this event for good reason, the inauguration. there is a new day, the start of february. february 1 and what might change for global trade. annmarie: potentially, that is when we could see tariffs that donald trump has been talking about for months and actually years take shape. notably yesterday when he was talking to reporters about what he is looking at

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

as you know today, europe is literacy vices. the isaac's was explained by yours, i guess a, you know, you have a, a ongoing, but you have also remind me of you over some, uh, some companies to backyards with. we show no more and more requesting for change of policy. it was a reason to crate and stop working session against our show because they needed to go. so russia, however, you're so keep in mind that the last month that on that song said that the actually he wants to purchase more us for the gas to address as a trade in buttons of or face to face. he stated that the ear doesn't make up, it's tremendous is inclusive within us. it is the 3rd exposure way. and you know, if you look at what happens, things as things start against russia, you'll see that the europe started to buy more, and we're looking for a natural gas from the us. and then as the raise doesn't want to start to cease because, you know, the song wants to go in commission war against those china, which is a big market for energy. and then the euro for you see, i

this is "bloomberg daybreak europe." welcome back.idge-born legal ai company luminance has seen its corporate customer base more than doubled since the start of the year. the firm is announcing new offices in san francisco and toronto after tripling its u.s. headcount in 2024. i'm pleased to be joined now exclusively by eleanor lightbody , ceo of luminance. great to have you with me. you have just opened new offices in san francisco. you tripled your headcount stateside. why are you so confident about doing business in donald trump's america? eleanor: lovely, thank you for having me back. look, we as you mentioned, are going super fast in the u.s. our corporate customer base increased by double. in the last year in the u.s. those that are easing our product to enhance legal teams accelerate the work they are doing with contracting. quite frankly, 40% of our revenue now comes from the u.s. we only opened up our u.s. operations a few years ago and have seen success after success. working with customers like amd one of the largest chip m

well, that's a harbinger of things to come to europe as well. um, i think the other thing for the speech which i take away is that there was a great deal of wire here about the withdrawal from the climate convention, which he was able to do with these executive order last night. out across here, the withdrawal from the w h r, which is a bizarre policy. it seems to me probably be reflecting the even more bizarre points of mr. robert at kennedy as his el secretary. yeah, we were expecting both of those withdrawals from those important multi lateral agreements. we both the powers climate accord which he did the last time. he was president, this time pulling off of the world health organization. when america contributes about a 5th of the w h o is overall funding. i mean, james, what kind of impact is going to have on the organizations operations around the world, including in so many areas like gaza. and it's kind of a song where it's dealing with emergencies. now it's got no doubt about that. i think there is a good chance that others will try to

how far behind is europe when it comes to ai infrastructure?ell. >> not an. >> objective, no. >> we have a target which can be found in the draghi report to invest 800 billion into the european economy to catch up with the us in competitiveness and productivity. in reality, ai and tech are tools of productivity for our businesses. we'll catch up with a certain unicorns and companies at the cutting edge of technology here in europe. we have to help them to grow, to scale up, which is a real problem in europe. and so we're going to create a european competitive edge, which will allow all the businesses to have a regulatory environment and appropriate financing to stay in the race on a global level. i met the ceo of mistral just now, who has very bold ambitions on both a european and a global level. these are the types of business we have to help grow and also to protect in europe. so it will be a case of europe first for ai, and we won't be abandoning this promising sector, which is the industry of the future. >> if we're talking about technology