we wish to be independent because european law, european budgets, european law, european budgets, europeandon't always sued the uk and are getting in the way of progress. we want to take control and that means ending the role of the european court. theresa may insists she is sticking to a red line but that could prove a stumbling block in the negotiations. brussels wants a future role for the european court and once default matters dealt with first. it won't be an easy ride. so how does the european court of justice work and what is its role? adam fleming has been to the court in luxembourg to find out more. welcome to the ecj, where justice is served eu style. there are actually two courts here. the court ofjustice — that's where national courts can ask for eu laws to be clarified, and eu countries can get into trouble for breaking eu rules — and the general court, where decisions made by the european institutions can be challenged by countries, companies, and individuals. but remember, this is absolutely not the european court of human rights. that's part of a separate organisation, that

the european court of justice trade across the european union.t ofjustice is the bedrock of all eu institutions forced its reach is extensive. ministers promised today to end specifically the direct jurisdiction of the court has prompted claims of a climb—down. of the court has prompted claims of a climb-down. pragmatism has won out and the prime minister's earlier position making this a red line was always practical. and i think now we are moving to a sensible position, indeed we said at the time this is where we would have two end up, to have some copper mines. what the prime minister is now recognising is that there will be a role for the european court, whether it is for instance in relation to the withdrawal agreement, the transition period or even post brexit, in terms of the ecj law that we have incorporated into uk law. restoring the sovereignty of this place, our parliament deciding our laws, was one of the keeper misses of the leave campaign. for levers, it goes to the heart of what brexit mean. so any suggestion the european court of j

when we leave the european union, we will be leaving the jurisdiction of the european court ofjustice. what we will be able to do is to make our own laws, parliament will make our laws, it is britishjudges who will interpret those laws, and it will be the british supreme court who will be the ultimate arbiter of those laws. a cyclist who killed a woman on the road has been cleared of manslaughter, but convicted of a lesser charge. the husband of kim briggs has now called for a change in the law, and paid this tribute. for us to remember kim, not through the lens of this trail, but for being the beautiful, fun—loving woman who adored her children. a man has beenjailed for 18 years after trying to smuggle a pipe bomb onto a plane at manchester airport. princes william and harry have been speaking of the days following the death of their mother, princess diana, and the role of the paparazzi in the car crash. she had quite a severe head injury but was very much still live on the back seat and those people that caused the accident... also on the programme, in the next hour we'll be live in

european languages overlap. this is everyjudgment from european languages overlap.is every judgment from the 1920s to 2010 in multiple languages and four supporters it is amazing. to critics, these are examples of foreignjudges interfering critics, these are examples of foreign judges interfering in critics, these are examples of foreignjudges interfering in other countries. we have a stream of cases coming in, around about 700 cases every year. we have neither the time nor the inclination to sit around hatching some federalist plots. so where do we think this place will feature in the brexit negotiations? well, the eu wants a big future role for the ec], particularly when it comes to the rights of eu citizens living in the uk. the british government isn't quite so sure. anyway, case definitely not closed. the uk government says if its plan comes to pass it still wants both sides, uk and the eu, to take half an eye on each other‘s rulings and to that idea the european parliament's chief to that idea the european pa rliament‘s chief brexit to that idea the european p

and the future of the european union. only repeat what i heard from the experts — that we are repeating and copying the solutions which exist everywhere in many countries of the european union. all right. one thing that you do look at is this issue of refugees. and injune, the european commission, again, launched an eu law infringement procedure against poland, because you're refusing to take in refugees, as part of an eu—wide quota system. why should poland be exempt from this? we disagree with the commission about the mechanics of so—called relocation, because it's — decisions are taken against international treaties, european treaties, against international and european law. it's euphemistic to say "relocation" because, in fact, this is resettlement by force of people who do not want to be resettled to a country like poland. so we disagree with the commission. the second problem is that we do already have a large number of migrants coming from the eastern part of europe. 0nly last year, we issued more than 1,200,000 vi

you have angered the european union.ed legal action against the polish government. it is citing acute concern about the independence of the polish courts, which it says will be undermined. so what are you going to do about that? you have been invited for talks with the european commission. are you going to discuss and amended the proposals, watered down? what is going to happen? yes, we engage win a dialogue with commission. —— we engaged in a dialogue. we are patient, and patiently, we are trying to discuss and inform the commission about the process. the process is going on, as you mentioned, even with some legal action of the parliament having been stopped by the president. so there isa stopped by the president. so there is a cellino time for the commission to interfere in this situation. —— so there is absolutely. i don't see any legal excuse for the commission to be engaged right now. we will exchange letters and opinions with people like mr tillmans, but i don't see reason for the commission to interfere in reforms

a figure that the eu was coming outwith, even the european commission has com pletely even the europeaned, they are no longer asking for that amount. if you are so short that everything in the best possible world can be achieved with goodwill and good temper, do you accept that the european position, which is that they can be no meaningful debate about long—term issues in terms of future trading in an economic relationships between britain and the eu, none of that can happen until the three divorce issues have been sorted out, that is, the money, the compensation package, the status of the land border between northern ireland and ireland, and the third one, which is the status of eu citizens in the uk and vice—versa. do you accept that? we have just spoken about the first, i think there will be arbitration on money. ireland is a british priority as well. they are our closest neighbour and we all have an interest in wanting peace and prosperity in northern ireland. we don't want to stabilisation. that is notjust an eu priority. the point is... we are talking about... the irish prime mini

when we leave the european union, we will leave the jurisdiction of the european court ofjustice. the home office admits sending letters to some eu citizens in the uk, wrongly telling them that a decision had been made to deport them. when i opened this, i could not believe my eyes. seeing words like "a decision has now been taken to remove you from the united kingdom". as the 20th anniversary of princess diana's death approaches, prince harry talks to the bbc about the night of that fatal car crash. she'd had quite a severe head injury, but she was very much still alive on the back—seat, and those people that caused the accident, instead of helping, were taking photographs of her dying on the back—seat. photographs of her dying on the back-seat. regional leaders meet in leeds to demand the same investment in transport links as in london. also in the next hour, flooding in northern ireland. firefighters rescued 93 people who were trapped in cars or houses after heavy rainfall last night. and england pulse nightclub goal—scorer wayne rooney announces he is retiring from internation

citizens, so the status of european citizens has not yet been sorted, and the european union and britainave not yet agreed about the process of the negotiations. the european union would like to start with finding a solution for the budget, and the status of european citizens, and the irish border, and the british government wants to negotiate the future of the relationship. this business of the irish border is interesting, because one of the things that britain was talking about in that context was how goods and people and services might be traded across the border once britain is out of the european union, and, of course, the republic of ireland remains in because there is that land border. and the europeans said, we are not talking about that because it is about the trade relationship. in a sense, their distinction is artificial, and we must talk about the divorce before we talk about what comes after. let's not pretend either side is a paragon of virtue in this discussion. both sides are perhaps also trying to stake out maximalist positions, which is part and parcel of the negotiatin

when we leave the european union we will leave the jurisdiction of the european court ofjustice. terms with is the fact that the people who chased her into the tunnel were the same people that were taking photographs while she was still dying on the back seat of the car. 18 men from rival criminal groups are targeted in what police describe as the largest ever gang injunction. donald trump lashes out at the media — as he defends his handling of the violence in charlottesville. also coming up — transport secretary chris grayling says the north of england should solve its own regional transport problems. the comments come as regional leaders meet to demand more money to improve transport links. look at that! look at how she moves. it is likejello on springs! some like it hot... the tale of two musicians fleeing the mob is the critics top choice for best comedy film of all time. good afternoon. it's wednesday 23rd august. i'm annita mcveigh. welcome to bbc newsroom live. the government insists it's not necessary or appropriate for the european court ofjustice to have directjurisdict

have the europeans been impressed 7 border and that court. have the europeans been impressed?hey have been optimistic about the sudden outbreak of realism from the british government. the on other hand these petition papers were very strange. these were edition papers without decisions, they were just scenarios. the british government has no position. but there were some signs of realism in that the british government is ready to continue to contribute to the budget of the european union for as long as it is a member. there has been some welcome movement in the area of the authority of the european court of justice, and i think a fudge is going to be arranged. there is also some interesting noises about britain wanting to have a deep and special relationship with the european union, wanting to have also a special trade relationship with the european union, wanting to replicate the customs union. the noises pointed to a kind of fudge that suggests membership the single murky, but this happens at the same time when the home office sends deportation letters to european citizens,

some of the leaders in other european countries have said that we just need to quote. get used to the fact that this is part of our lives and it's very sad to see that in a continent such as europe which has had so many freedoms has such diversity of different people and has allowed those freedoms it is sad to see that people are now no longer surprised i mean this was a lesser attack nobody was killed no it's not mass casualties or massive billion casualties which is a more positive step but again this is a lot of backtracking they're having to go against major national or european union policies which state that you know they shouldn't do much they shouldn't look at religion they should look at other things and they shorten the shouldn't police the streets for things like this. five russian speaking children who were stranded in war ravaged iraq have now been reunited with their families it's believed the youngsters were taken to iraq by their parents joined on the sole also you filmed them in a baghdad orphanage where they were taken after the liberation of mosul we

of the european union campaigned on. yet, the government said this week it may not be quite so straightforward to free us from the european court ofjustice after all. when the negotiators reconvene in a few days‘ time after their summer break, they'll have before them a series of position papers from the british team to absorb, on subjects including immigration, the irish border and the court. eunice, have the europeans been impressed 7 well, they have been somehow optimistic about a sudden outbreak of realism from the british government. on the other hand, these position papers were strange because they were dismal position papers without positions, just kind of scenarios and the british government has no position. but there are some signs of well, realism, in the sense that the british government is ready to continue to contribute to the budget of the european union for as long as it is a member of the eu. there has also been movement, welcome movement in the area of the authority of the european court of justice, and

the europeans, all 27 nation state still in the european union, and wishing to stay in it, they havee and concerns in this. it is interesting that european politicians seem to be feeling that the process is not working, starting with the negotiators themselves, who left negotiations at the end ofjuly, expressing deep frustration with what they believed was the "lack of preparedness" from the uk's side. i don't recognise that description. i think the government is now making public what was in its private negotiating positions up until now, and they are very sensible, moderate proposals on how to maintain judicial cooperation, how to ensure mutual recognition of goods and services, how to avoid a hard border in ireland, practical proposals on customs, and so on. but stephen, i don't really buy that this is a win—lose operation, that where we have our desires, and the 27 theirs. it is plainly in britain's interests for the eu 27 to prosper. these countries are our friends, our allies, and our trading partners. it would not be in our interest, for example, for brexit to lead to some kin

unity whether or not we are in the european union or not. course we won't be but yeah the far right is on the rise in many countries and it's very important the sort of economic divisions don't play out in the way that they have in the past leading to political divisions and eventually war and bear in mind where you know europe is the most wall to you know historically most walked on part of the wealth in history so we should at all peril devalue the peace that has reigned in europe over the last sixty years what do you think they're waging this is the platform to have this kind of discussion a big public events like this are we going to see more of this people kind of hijacking this stage a major events and making what tantamount to political speeches as they try to affect the shaping of bragg's. i think that's inevitable. and actually that is that is a healthy thing it's a healthy part of our democracy democracy isn't limited to one vote on one particular day and i think the. future is best off within the european union do have a right to

when we leave the european union, we will be leaving the jurisdiction of the european court ofjusticet critics say it will be impossible to avoid european judges having a role in enforcing disputes between the uk and the eu. also tonight... the cyclist convicted of wanton and furious driving after knocking down a woman who then died. donald trump takes aim and lets rip in a tirade against the media. these are really, really dishonest people. and they're bad people. donald trump takes aim and lets rip in a tirade against the media. a nation had lost its princess. they'd lost a mother — harry and william speak about diana's death. it'll either make of break you. it'll either make or break you. and i wouldn't let it break me. i wanted it to make me. i wanted her to be proud. and wayne's world gets smaller as he calls time on his international career with england. coming up on sportsday on bbc news — find out if liverpool could make it through to the group stages of the champions league, with hoffenheim the visitors to anfield in their playoff second leg. good evening. theresa may insists

the european arrest warrant, the european air safety agency, the5e arrest warrant, the european air safetyre i5... example of the eu and the uk, there is... we have to find a neutral way of resolving it, not english law, not european law. the paper put5 of resolving it, not english law, not european law. the paper puts a number of different options down and the world trade organisation di5pute regime seem5 the world trade organisation di5pute regime seems to be the sensible way to go forward. this paper is about deciding di5pute5 to go forward. this paper is about deciding disputes between the european union and the united kingdom, not decisions made by our parliament which will be determined by the supreme court. when you say a neutral way of resolving things, doe5 neutral way of resolving things, does that mean the creation or establishment of new bodie5, new statutes ? establishment of new bodie5, new statutes? no, that is the point. the paper statutes? no, that is the point. the pa per clearly says statutes? no, that is the point. the paper clearly says if you take the world trade orga

when we leave the european union we will be leaving the jurisdiction of the european court ofjustice. but what happens if there's a dispute with the eu after brexit? who decides what's right or wrong? also tonight: cleared of manslaughter, the cyclist who knocked down a mother of two who died of her injuries. a nation had lost its princess. they'd lost a mother, harry and william speak about diana's death. it will either make or break you and i wouldn't let it break me and i wanted it to make me, and i wanted her to be proud. and rooney retires — wayne calls time on his international career with england after 14 years. and coming up in sportsday on bbc news: liverpool will be hoping to book their place in the champions league main draw. they lead hoffenheim 2—1 ahead of tonight's second leg play—off at anfield. good evening and welcome to the bbc news at six. in the latest of its proposals for life after brexit the government has published its plans on how it wants to end the legal authority of the european court ofjustice in uk affairs. at the moment the court can influence everythin

when we leave the european union, we will be leaving the jurisdiction of the european court ofjustice. what we will be able to do is to make our own laws, parliament will make our laws, it is britishjudges who will interpret those laws, and it will be the british supreme court who will be the ultimate arbiter of those laws. a rock concert in rotterdam has been cancelled and a van containing gas cannisters reported to have been found nearby after a tip off from spanish police. and containing gas canisters was found nearby. a cyclist who killed a woman on the road has been cleared of manslaughter, but convicted of a lesser charge. the husband of kim briggs has now called for a change in the law, and paid this tribute. for us to remember kim, not through the lens of this trail, but for being the beautiful, fun—loving woman who adored her children. us president donald trump has called for national unity in the wake of violence in charlottesville following an earlier rally at which he'd attacked his critics. and on newsnight tonight, never has america's motto of e pluribus unum, from many

this is bloomberg, the open seven minutes away. ♪ ♪ welcome back to the european elements, -- europeant minutes away from the castrating open. the biggest electricity generator in germany missed analysts estimates with it adjusted net income was -- but was bank in line with operating profits. plus they know say they see their full-year profit at the upper end of the forecast. be prepared to watch this stock rise this morning. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. ♪ guy: [no audio] >> there is a really serious jump on the back of that, even if that is a positive growth scenario. freddie, we will keep you with us because there is a lot to go through this morning with what we have seen at of japan. the readings there have been very strong. what we see in korea, it seems like things are calmer down. what we see ahead in germany, the election campaig

this is the european open.e minutes away from the open. carports first half was worse than feared and that is according to the analyst jeffrey's which cut its rating to a hold from a buy. drop in the first half of the fiscal year. it also has sales that missed the streets estimates. getting cut by a number of analysts, jpmorgan as well neutralit to a hold or and jeffries coming -- cutting it from up i to a hold area you will see the stock move at the open. guy: a massive debate happening as to whether north american supermarkets are better than europe in supermarkets. matt: they are much bigger. guy: figure is not necessarily better. -- bigger is not necessarily better. matt: not the case in the eyes of an american. are going exs dividend, you can find them on your bloomberg. can see them listed right there. the other stock i want to mention is novartis. thewill see this morning news that the fda has cleared a new leukemia drug. originally the university of pennsylvania, quite a breakthrough in terms of the tre

also in libya when some people rebelled in libya immediately the europeans in dado, the european union, nato joined in and began to bomb libya, declared they could fly and bomb and bring down, murdering qaddafi and many people didn't forgive the europeans for that and the europeans become a target and the coverage in the media, in france incidents happen, big media, leaders from all over the world going to paris, the council meeting, nothing but the facts happen all the time in nigeria, they happen all the time in kenya and somalia, in pakistan, europeans don't move, they don't care, they don't call for security council resolution to condemn these acts, they get very frustrated and europeans become a target because that was the racism, the anti-islamic racism we find in europe nowadays, that contributes to targeting europeans. we are beginning to see similar things in this country with this election cycle, the anti-islamic attitude in this country as if all muslims are terrorists somehow or could become terrorists. it is outrageous to label one and a half billion people on earth by the

let's look at how european markets opened there's more green than red on the screens. taking the lead from a positive u.s. close overnight and positive momentum out of asian equities this morning. the overall market up by 1.28 points, so just over a third of a percent so far today let's look at how the individual bourses are trading across europe it's really the xetra dax which is at the highest, crossed the 12,000 point eventually and is now up again around half of a percent, around a quarter percent up for the ftse 100. let's look at which sectors are driving the markets. it's basic resources in the lead, up 1.4%, also seeing strength out of construction material, led not least by french bouygues, which reported good news this morning retail is the laggard, dragged down by 1.61% on the back of carrefour's profit warning which is pulling lower its rival casino let's get into some of the stories in more detail let's go back to carrefour, which saw a dramatic fall in its share price which is weighing on other supermarket chains with the like of casino, tesco and there's

and european f.b.i. really important to do that because we have europol and the commission change their rules the secret service should work together to create european unity to contribute more in the fight against terrorists. ok let's begin to guess now i can speak to pay for the liberal democrats in britain bill needs and is on the line bill good evening to you. europol already exists in the region why is anything extra needed why the need for a new euro f.b.i. . well your opponent is for coordinating information between the different countries of europe they collect to pass on tips and so on but they have no power to go out in the streets and the rest the bad guys and cross borders and chase them so it's just an information center at the moment ok do you think this is going to add something extra to security in the e.u. absolutely enormously the reason that the f.b.i. was created in the usa in the one nine hundred thirty s. was because bad guys you may remember the film bonnie and clyde bad guys were

coming out of the european union. coming out of the european union.at is a com pletely u na cce pta ble union and britain. that is a completely unacceptable thing which will be a eu frontier. it is incompatible with many of the agreements of the good friday agreement. there is no good brexit for ireland, there is no eu frontier for ireland, there is no eu frontier for ireland. to suggest that there will be no suggestions of the movement of goods and people is a nonsense. what about norway and sweden? that as an example of where there is a border where one country is in the european union and one is out. that works well. what would work perfectly well is that the british government recognises that the majority of the people in northern ireland recognises that the majority voted to stay. we want special status for the north with and the european union. that is best for ireland. why would an irish government and the irish people take a step backwards? that is a retrograde step. that is what we are being asked to do. an eu frontier creates difficulties an

they know the crucial meeting for the european start is in october where europeans and europeans alongine whether sufficient progress has been made in what they call the phase one exit. the brexit bill, the rights of that u.k. and eu citizens. if sufficient progress is made, they moved to the trade deal. this will be an important thing for the u.k. to achieve. want to start talking about trade. i think it is quite possible that these reports have surfaced even if they don't recognize them whatsoever. as soon as the u.k. faces up to the reality is concessions such as payments are going to be required for a future agreement with the eu, the quicker we can move to that trade aspect of the negotiations. guy: i want to take us back to that interview with the finance minister. he is talking about tax harmonization with germany. you can see within that, the formation of a call within the eu that has the foreign finance minister and common taxation. you wonder where the peripheral nations fit into that and how to structure will be resolved. poland, spain, different countries. consentshave a fu

companies and we heard in the lead up to this bill being signed that european leaders senior european leaders promising repercussions should they their businesses be impacted upon we would defend ourselves against an america first industrial policy. the national weather service in mount holly new jersey has issued a severe thunderstorm warning for northwest montgomery county in southeastern pennsylvania southeastern lake county in eastern pennsylvania west central county in southeastern pennsylvania until three pm to eight pm a severe thunderstorm was located around twenty one miles east of reading moving northeast at five miles per hour hazard sixty miles per hour wind gusts and quarter size hail source radar indicated impact minor damage to the goal is possible expects damage trees and power lines locations impact clude pottstown perkasie college heard trapped hadfield green shrinks phil green lean six spring mount jerry bill gilbert phil skipper telford sellers bow down and for your protection move to an interior room on the lowest floor of a building in addition to large hail and

to journalists protection in fact this means that the secretary general of the european council who demand kloof creation from a store named government now the head of the riskiest of any news agency margarita simonyan has thank you tia as for standing up for the journalist this is actually the first time that members of that news agency have faced such problems within the e.u. covering news there but it's not the first time that journalists that members of the press from russia have come across detail just a bit of background examples for you on the twelfth of april twenty seventh teen a cameraman from the russian child ren t.v. a news channel was barred from. a stone just a year earlier that i did twenty sixteen a case in lithuania where a whole film group from the channel was also. expelled from the country before they could finish that task and the year before that in the end of twenty fifteen october twenty fifteen stone in authority is the tamed another whole filming group again the channel they get their and their visas so of course the general secretary of the european feder

many people didn't forgive the europeans for that. the europeans become a target. and also what i mentioned in the media, and france what happened, big media, big groups and leaders from all over the world going to paris, flags at half staff, they condemn these acts but they happen all the time in nigeria and kenya and somalia in pakistan and afghanistan and the europeans don't move. they don't care. they don't car call for security council resolution to condemn these attacks in people feel why. in my lesser than others and they get very frustrated and the europeans become a target in a way. because of that, plus the racis racism. that contributes to targeting europeans. we are beginning to see similar things in this country with this election cycle, the anti- islamic attitude as if muslims are terrorists were become terrorists, it really is outrageous to label one and half billion people on the earth by the behavior of a few. timothy mcveigh during oklahoma city bombing, all these people were killed including children, it's timothy mcveigh. we know him, we know hi

the europeans want to do it another. impasse continues, that will put a lot of pressure on the pound. guy: stick around. thank you for spending time with us this morning. we are going to talk about what is happening out in the united states and in europe. interestingly enough, -- the health of the european economy. plenty of economic data to watch out for. we need to talk about the old ecb building. we need to talk about what is happening in the united states as well. this is bloomberg. ♪ guy: welcome back to the open. let's talk about some of the top stories we are watching this wednesday morning. president donald trump defended condemn whiteo supremacists for the violins in virginia, saying he needed to gather the facts. president trump said there was " for the both sides violent clashes that erected. pres. trump: you had many people other than neo-nazis and white nationalists, ok? the press has treated them absolutely unfairly. in the other group also, you had fine people. guy: the contentious press conference was not

does he mean to the european meet 3% deficit limit -- the european union 3% deficit limit?ing cuts that are going to help micron ==-- macron deliver on the budget. both the sings we will see in the next -- both of those things we will see in the next x weeks. manus: the first 100 days -- the next six weeks. the first 100 days of micron's presidency. do you believe micron cantilever deliver? can do you doubt macron? >> i don't doubt him but i agree that hopes at the beginning art too much is -- too much. from the market perspective we did not really expect france to be transformed within the first 100 days. therells have suggested is going to be drastic change quite quickly. i think that is part of the disappointment. i think there will be incremental change. always in politics it will be incremental and it will ultimately disappoint some. with regard to the market perspective, european markets have come off. >> i got that in before you corrected me. >> there are two sides to the story. one side is disappointment in micron. less of reforms coming through and less quickly tha

manus: if you talk with a european growth, european manufacturing, they ran the numbers.acturing and services indicates germany should grow around 2% this year. manufacturing in france shut up. take the earning stories and translate that into the forward look in terms of growth, this is perhaps validates. we're not at the point where all the money has come back in. tim: very true. i think it is going to be a bit of an ongoing debate from the standpoint of where do we see economic expansion, does pmi stay in the mid 50's which is supported locally. do we have ongoing, solid, sustained growth in china, in the u.s. which will feed into that export story? it is also small caps i get decent exposure. anna: when you're looking around what to buy, as we head toward a decent autumn for stocks which of the sectors get your attention? ben: where focusing on valuations. we are a u.k. house. we're looking at the u.k. stock market. callw that is a tangential but at the moment we are -- we don't expect the u.k. economy to shoot the light solid -- chewed the lights out. -- shoot the lig

the european close minutes away. stada soaring as we were first report that private equity duo bain and cinven acquired a deal for the drugmaker which spanned months and at times looked doomed. shareholders may the deal succeed. joining us is one of the reporters who broke this story. great to have you. i have been talking about stada four months in my stock movers every morning, what is special about this company? service, not much special about it, a copycat drugmaker. the profit margin is one of the lowest among its peers. the gives cinven and bain opportunity to improve the profit margin and the company has a branded drug business which will help offset the weakness in the generic space. nejra: what ultimately pushed this deal through? instrumental? >> we had reported that elliott management had been rising is stake in the business after the soft bit have failed, they came up towards more than 8%, and the market was unaware of what their intentions were. , whereket was confused they for or against the deal and bl

strong a threat once it is out of the european is in the european union.i take that into account. mark: dan, thanks for your time today. great to have you on is always. ahead, we are going to get more insight on the soaring euro and what it means for the global economy from the strategist for europe, the middle east, and out africa. this is bloomberg. ♪ vonnie: breaking news -- united technology is essentially nearing a deal to buy rockwell collins. the price is $140 per share or less. this is according to "the wall street journal." both companies are higher by more than 1%. united technologies and rockwell collins potentially doing a deal. you're looking at united technologies shares higher by 1.5%. investors piled into rockwell collins today after the supplier canceled the row showed -- a roadshow and it spread speculation that the company would be closer to deal. mark: check and what is happening to european equities. the industry group falling after north korea fired that missile over japan. is boosting the yen, gold, government bond markets around the

stocks finishing up the day in european trading.you through the market action starting with equities. can see some broad-based losses across european equity markets, both in the core and the periphery. a lot of these indices down by more than 1%. the euro lower by 2/10 of a percent, 1.17. the accounts around midday, london time with suggested the ecb officials are starting to get concerned with the strength of the euro. the euro has recovered a little bit since then. in the bond markets, we are seeing yields move lower, both in the core and the periphery and looking at commodities, brent is $68 a barrel and we are seeing weakness come through on the metals on the london metal exchange after we did see them strongly over the last couple of days. highw zinc hit a decade but it is pulling back along with aluminum and lead. 600 snapping three days of gains, the longest stretch of gains in a month for you -- for europe's equity benchmark. lower,dustry groups are with financials very much underperforming, probably dragged down by those lo

public is demanding it be paid for to reparations to the country also struggles with its european neighbors over migration. in moscow where it's now seven pm at five pm in the u.k. that's where we're going to start this hour police there. now investigating friday's attempted sort of attack near buckingham palace as an act of terrorism with the details. now know that the mets counter-terrorism command are treating this latest friday evening incident which did occur shortly after eight thirty pm friday evening near buckingham palace where three police officers were injured now what we do know in terms of what exactly on gravelled we the police have said that a twenty six year old man from luton has pulled up and pulled up in his car up to a police found with three armed police officers who had approached this car and when they did they discovered that the man was trying to pull out a four foot sword while repeatedly shouting allahu akbar now of course a struggle ensued in which the three police officers who again were on arms they were injured two of them had to be taken to hospital the third

poland is demanding it be paid to world war two reparations as the country also struggles with its european neighbors and their migration. is just one day pm here in the russian capital and you're watching r.t. international with me the key erin good to have you with us. to london where police say they are now investigating friday's attempted sort attack near buckingham palace as an act of terrorism has artie's on us to see a check in now know that the mets counterterrorism command are treating this latest friday evening incident which did occur shortly after eight thirty pm friday evening near buckingham palace where three police officers were injured now what we do know in terms of what exactly and ravelled we the police have said that a twenty six year old man from luton has pulled up and pulled up in his car up to a police found with three armed police officers who had approached this car and when they did they discovered that the man was trying to pull out a four foot sword while repeatedly shouting allahu akbar now of course a struggle ensued in which the three police officers who aga

that meant ending the role of the european court ofjustice. law is evenly applied across the whole european union. it's a thing that turns the rights and responsibilities of the treaties, into reality. let's suppose after brexit that we sign a comprehensive free trade deal that lets european businesses trade freely in the uk and vice versa. the government's plan is that here in britain our courts should enforce those rights, with no cases sent to the ec]. the thing is, though, to take a few examples, the eu's agreements with canada, singapore and the members of the european economic area contain courts. why? for the same reason our government is proposing a new uk—eu court. we need a sort of enforcement mechanism, that's really what you have to think of this as. because if we've gone to the bother of agreeing rules in some deep and comprehensive free trade agreement, the people who feel perhaps they're not getting the access they should under that agreement, want some way of getting redress. so if you've been trying to export to an eu country,

or the european f.b.i. really important to do that because we have europol and the commission change their rules the secret services should work together to create european unity to contribute more in the fight against terrorists british former intelligence officer says that it would be almost impossible to create an organization like the f.b.i. in europe. distrust between intelligence agencies they want to keep their sources close to their chest there are different approaches to how intelligence agencies work different powers within each country about what precisely those intelligence agencies can actually do didley within their own country so trying to find common stand it i think is going to be incredibly difficult across the e.u. i mean we're looking at countries going from island right across to poland hungary a fast spread of territory it's a vast spread of history and it's a vast spread of different legal systems i can't see how this can work it sounds like another event if you project. it's emerged

we are less than 30 minutes from the european open. futures are down across the board after the big drop in tehe u.s. yesterday. as guy mentioned, people fleeing into haven assets. bitcoin is trading at an all intra-day high. the bunds, coming down. this trend is interesting. over the last month we have come down from 0.6% to 0.5%. trendmove in a downward as investors prepare for more risk. if i look at it one day look at the bund trade, we have come down in yields, meaning investors are buying debt, se eking safety and pushing the yield down to 0.4%. guy: gmm is a fantastic function because it creates a score card and rates it relative to recent experience. there is the s&p 500, and it's a different color from the rest of the markets. that move was bigger than we have seen of late, by some significant margin. the s&p 500, down by 1.45%. it's the middle of august and in reality, most people are out of their debt. we are in a low liquidity environment, but still, pay attention to these moves. south korea is down by 1.7%. the chinese mar

poland is demanding it be paid world war two reparations as the country also struggles with its european neighbors over migration. that is r.t. international broadcasting to you live from the russian capital and the king air and good to have you with us and we start with breaking news this hour the iraqi army says it has retaken the city of tal afar one of the few remaining islamic state strongholds in the country the u.s. box offensive began last week but drew concerns over the fate of civilians both trapped in the city and displaced by the operation well our correspondent. is in tal afar for us he joins us now live on the phone thanks for speaking to as a search short notice what's the latest from that you can tell us. well city of tal afar so apparently. the men may still be a few. holdouts in the city itself of huge are holding out high the basement so preparing you know suicide attacks as they usually do but the city itself was being largely pyramid declaring victory for the city it is important to make the distinction between the province of tal afar which doesn't yet see them beca

go against its constitutional beliefs yes washable ations take it further head america's closest european allies go on the defensive to counter what they see as measures potentially in violation of international. statement i made with the president claiming that he could make far better deals with foreign countries than congress but with measures such as these being passed he may be prevented from doing just that. washington d.c. one way congress can check the deal making potential is by stopping him from lifting restrictions the new law requires the president to obtain congressional approval for any such move moscow says the new sanctions do any possible progress in already poor relations between the u.s. and russia correspondent brings us the russian reaction. so when it comes to the hopes that russia u.s. ties could go back on track it looks like we have reached the end of the line here at least judging by the three points that were made by the russian prime minister dmitri medvedev first there is no hope for any improvement of our relations with the new american administration second

it is european interests, said in the european airlines who are lobbying against this to not have anill not last for a couple of years but a couple of months. but the british people when booking holidays for the summer of 2019 it will be drive or get a ferry to scotland or ireland. you are an outlier on this. everyone else was in denial. this is reality. there are other legal realities which will come unto. but you attended a meeting at the european parliament last month and we have a clip of willie walsh taking a diametrically opposed view to you. he says it is going to be fine. with policy support it ought to be relatively straightforward to agree a deal on aviation that will be ready when the uk leads the eu. with policy support it should be relatively easy. there is no policy support, that is the problem. but when you see chris grayling tomorrow there could be? i hope there will be but chris grayling and the uk government have not been able to negotiate the divorce bill, they cannot agree on whether the european court ofjustice governs european citizens‘ rights here in the uk, ne