bruegel a brussel based economic think tank good to have you with us let's start with the european central bank itself what kind of band is legard taking over critics say that the bank overstepped its mandate under mario druggy is that correct the word overstepped in my ears sounds like they said he has done something wrong so he has done something illegal this has not been the case has not been proved so in other in other words i think has not done something that it was not supposed to i would argue however that they say he has overextended its actions it has taken. a lot of important measures to try and tame down the economic shocks that we've seen in the past 10 years and they were very big shocks so it's not surprising that they said we had to take extreme shocks to try and tame the economy i think they were necessary and we will see some of that as we move forward but i would not agree with the fact that the city has done something that was wrong so it's like god now . being the new head of the e.c.b. where do you see room for change or improvement even. well i certainly see continuity thi

because it makes it the 1st central bank in the world to have adopted negative interest rates and then ditch the controversial policy now only for central banks including the european central bank and the bank of japan are still holding on to negative rates before let's cross over now to our financial markets correspondent in frankfurt and i hope he can hear me because i can see him and there is a comma why her sweetness and now you want to yeah good why why is sweden strikes bank changed its rate policy. well monica the 1st reason reich's bank is naming in its report is that inflation is on target just like the european central bank here in the euro area the mandate of the rykes bank in sweden is to provide price stability and that is defined at the inflation rate you know an increase of consumer prices of 2 percent on average or slightly below that. but unlike in the eurozone in sweden this target has been met for quite a while now what's more the rykes bank is concerned about the negative implication the negative consequences of negative interest rates as well namely the very high prices on the real estate market in sweden high house prices and the high amount o

swedish bright spot it's the oldest central bank in the world has increased interest rates today after 5 years of negative interest rates is there a message for the european central bank. of course this hours reactivated the discussion here about the monetary policy by the e.c.b. because there are lots of similarities between the european central bank and the reichsbahn but there are also a lot of differences both have this 2 percent price target this inflation target where price stability is defined but i'm like here in the euro zone in sweden this inflation target has been met for quite a while so there are good reasons for the swedes to raise their interest rates but there are good reasons for the european central bank to keep them where they are on our books and in frankfurt thank you. talked about central bank the bank of japan is leaving its short term policy rate unchanged at negative 0 point one percent confirming a moderate expansion of the economy off the rise in consumption taxes in october majority of the central bank governors meeting in tokyo voted in favor of its current easing policy doing the buying of government bonds and the goal of the

it's the 1st european central bank meeting under its new head. the former international monetary fund chief took over europe's most powerful financial body and november and she promised a rigorous assessment of how the e.c.b. does business from handling inflation targets to fighting climate change. the new president of the european central bank wants europe's monetary policy to do more for climate protection climate change finally reached the main stream debate and is hitting the screen all of everyone who is interested in the future and house policy responsibilities so this really calls on us to review our strategy and to consider how. monetary policy can best deliver on its mandate but many analysts expect legard to continue her predecessors loose monetary policy with low interest rates and the massive purchase of government bonds mario draghi ensured that the weaker economies of southern europe could expand his efforts allow the euro to remain stable through the financial crisis but many savers especially in germany are annoyed by the low retu

european central bank boss christine lagarde heads a growing list of women in top jobs. live from london, that's our top story on thursday 12th december. christine lagarde at the european central bank is just one. we look at a small, but growing number of women at the top of business. also in the programme: should the boeing 737 max have been grounded after the first crash? us regulators predicted further accidents. and the national pharmacy association in the uk is calling for better regulation over the sale of cbd — or cannabidol — products. and we'll be getting the inside track on the trials and tribulations involved in launching a new skin care brand. and we'll be talking about so—called " hangover days" — are they a good idea? one london company is offering this to employees who've had a big night out. the next day they have the option to work from home. is this a good idea orflexible working gone mad? get in touch — just use #bbcworklife. i don't know what people call it these days, a hangover day or a duvet day, i cannot get away with either. hello and welcome to w

as former international monetary fund chief christine lagarde begins at 10 atop the european central bank as expected less lift the eurozone interest rates on hold at historic lows are the 1st major the bank also has also confirmed that it is again pumping $20000000000.00 euros of new money into circulation each month but big changes could be a 1st is that god announced a root and branch review of the e.c.b. which she obviously things is long overdue. and with me other students to talk about all of those changes is mark as well economists from the university of gulen but 1st of all let's listen to what mr that had to say about the changes in a very easy monetary policy goals new challenges are taking place from demographic changes aging of societies predominantly in the advanced economies but also massive technological changes and breakthrough especially when they're compounded and climate change has finally reached the main stream debate and is hitting the screen on of everyone who is interested in the future and has policy responsibilities finally conventional wisdom that used to apply

the european central bank is getting ready to welcome new members to its executive board come january 1st so who are they and what will they be doing the easy these executive board has 6 members it's led by the institution's president. and as of last week that's france's christine legarde of course responsibilities include implementing monetary policy and preparing governing council meetings now one of the new recruits is germany's. she'll be taking over from said being allowed to go who quit in october in opposition to the institution's new round of stimulus and the other new member is fabio panetta of italy up to now he's served as the vice president of his country central bank he'll be taking over from france's been walker likes nobbut panetta supports the easy piece ultra low interest rates so what does this new setup of the e.c.b. need for the rest of europe let's ask our financial market correspondent was and was standing by for us in a frank ford our own howard what does this these 2 new members what could this possibly mean for the easy b.'s monetary future or policy. you know

european central bank boss christine lagarde heads a growing list of women in top business jobs. but men still dominate global boardrooms. plus — cheap money's here to stay. the fed keeps borrowing costs on hold after three cuts this year and signals they'll remain that way throughout 2020. and on the markets: those comments from fed chair jerome powell boosting stock markets in the us and asia. all eyes though now on today's election here in the uk. we start with gender equality — and the rising number of women at the top levels of business and finance. today christine lagarde oversees her first policy meeting at the head of the european central bank. she'll be named later as one of the world's most powerful women by forbes magazine — alongside the bosses of general motors, ibm and banco sa ntander. let's put this in context though. this year the number of women running america's top companies hit a record high of 33. but that's still only around 6%. the number of female board members of companies around the world has almost doubled in the last decade — but still, on average jus

the us central bank is set to announce its monetary policy —— the european central bank is set to announceistine lagarde is one of a small but growing number of women at the top of business, and this year, the number of female chief executives at fortune 500 companies jumped to its chief executives at fortune 500 companiesjumped to its highest level ever. that is 33. but still just represents a paltry 6%. when it comes to boards, women make up roughly 20% globally, about double the level a decade ago, with high representation in countries which have quotas and targets. well, there is, of course, growing evidence that greater diversity in the boardroom can boost profitability and share prices, with research by credit suisse saying a strong correlation does exist. speaking of powerful women, credit —— greta thunberg became the youngest woman ever to become time magazine‘s person of the year. she says global warming seems to have turned into some kind of opportunity for countries to negotiate loopholes and avoid raising their ambition. the meeting of all the world‘s nations ends on friday, wi

fed changing outlook from tightening to flat, then loosening. , youther central banks have the bank of japan, you have .he europeanentral bank that is why the currency market and thedollar remain u.s. has continued to rise. not believe the other central banks are going to catch up. that means, in 2020, there should be a trend reversal. it inlue sign, to embed assets which are cheap comedy u.s. dollar, it is the most expensive currency. manus: quick question. fed will act aggressively. what is the definition of aggressive in your view? how many cuts? alain: we expect four. , much more than this. manus: thank you very much alain generale.om societe nejra: let's get to the first word news with annabelle droulers. annabelle: the uk's credit outlook has been upgraded by s&p and fitch. s&p raise the outlook from negative to stable and fitch took the outlook off ratings negative. the agency did maintain a negative outlook for the u.k.. boris johnson, he is branding his administration -- word from officials that they do not want to undermined that image. beenon has not always against attending that summit. he went twice a

european central bank boss christine lagarde heads a growing list of women in top business jobs.ut men still dominate global boardrooms. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. it will be a very busy day ahead. and you can be part of the conversation — as a perk, a marketing agency here in the uk allows its employees to take " hangover days". if they've been out the previous evening they're allowed to work the next day from the comfort of their own sofa — or even bed. good idea, orflexible working gone mad? tell us what you think — just use the hashtag #bbcthebriefing. polls open here in the uk in a couple of hours as voters decide who will form their next government. candidates in the general election are contesting 650 seats in the house of commons — the lower legislative chamber. polling stations close at 10pm gmt — and an exit poll will be released then, by the bbc and other uk broadcasters. our election results special broadcast will begin just ahead of that. join us on bbc world news from that point, as we f

the new european central bank chief take europe's most powerful financial institution. to the news keeps coming for boeing a form.

cristine lagarde is hairing her first policy meeting at the helm of the european central bank. be judged on how consistently she communicates the institution's plan to restore price stability, reaching and inflation target has been the ecb's number one problem. joining us outside the headquarters in frankfurt, standing outside their festive christmas tree, is deutsche bank's chief economist for germany. monetarylizes in policy and behavioral economics. he has written on germany's weakening export market. i want to get into that quickly, but first, what do you expect from madame lagarde today? will be no real news, just atmospheric stuff. we will see how her communication with the press conference changes from mario draghi, and whether she conveys thecommunication within council itself is changing. i thicket is more a question of style. we won't get any kind of big policy changes today. her: a lot of people expect to be more convincing when it comes to government and physical spending. on the other hand, draghi had been trying this for years. o'loughlin said it would not help th

matt: i am here outside the european central bank.are hot with anticipation, of christine lagarde's first meeting as ecb president. what are you expecting on the mliv blog, from christine lagarde? markets are largely in the dark at this stage about what to expect. the euro traded relatively sideways. german bund yields, similar range bound trading, so today the key will be on christine lagarde's press conference, where the greatest risk evasive by -- risk of a surprise put emerges. will she take the opportunity to continue the status quo of draghi and have a dovish tone dominate, or take the opportunity for a clean slate, and potential he tip the scales toward shifting the policy path? bank of america merrill lynch says any plans to get european rates back to sense might surprise the market, and barclays and sees a risk of lagarde unintentionally miss communicating to the market. thank you so much, laura cooper, bloomberg and live strategist. our coverage of the last ecb meeting of the year on tv with our matt miller. this is bloomber

christine legarde has begun her tenure as head of the european central bank by keeping euro zone interest rates on hold as we speak she's setting out the decisions made during her 1st governing council meeting as easy being president rates are remaining at the historic low of 0 percent back has also confirmed that it has restarted its stimulus program and will pump $20000000000.00 euros of new money into circulation each month. let's bring in chelsea delaying our financial correspondent in frankfurt where the c.b. of course is based out of the press conference has just started 20 minutes ago roughly tell us. so far christine legarde has sort of laid out the case for keeping rates on hold and she mentioned the mixed economic outlook that europe is now facing the weak growth prospects in the weak inflation prospects she did sound a slightly positive note on a potential bottoming out and in some of the eurozone countries such as the manufacturing sector and germany so there is some positivity and their forecast she also is expected to face a lot of questions over the next 30 to 45 minutes ab

senior guard chaired her 1st policy meeting as president of the european central bank and while the governing council decided to leave interest rates in the euro zone unchanged at 0 percent things are likely to get moving at the e.c.b. itself as the new chief announced a top to bottom review of how the institution sets monetary policy the new e.c.b. president appears to be taking the new job in her stride she wasted no time in announcing a thorough review of how the institution sets monetary policy but she stopped short of making any policy shifts likening her outlook to a feathered creature that rarely gets a mention in economic discussion. but you know once and for all i'm neither a dove nor hawk and my ambition is to be this al that. is often associated with a little bit of wisdom she's intending to apply that wisdom to a number of key questions like how the fight against climate change can be financed and how her institution should define success when it comes to monetary policy at present the e.c.b. goal is to get inflation up to around 2 percent in pursuit of that aim it's kept interest

also coming up where will the new european central bank chief take europe's most for powerful financial institutions one thing is clear the euro will be greener. and the bad news keeps coming for boeing a former employee testifies about production problems of a boeing plant that many have been behind that may have been behind the 2 deadly crashes of 2 ill fated 737. business is business as usual on the gulf as welcome to the u.s. house of representatives has passed a bill imposing sanctions on the russian led gas pipeline project north stream to the new sanctions target companies that own the ships needed to lead a mass of pipes the project depends on the bill has the potential to stop construction just as it's nearing completion. only a few companies in the world possess the technology to laine deep sea pipelines none of them is russian if they continue to work on north stream 2 they could find themselves cut off from doing business in the u.s. their assets there might be frozen and people working on the ships would no longer be allowed to enter america the 1230 kilometer long pipe.

he is very much of a mind with the former head of the imf are now head of the european central bank,is the same thing. —— who says the same thing. when you look at big names, what do they finance, they —— he has a point. there was a big study done in switzerland, a big financial centre, at switzerland has a much bigger impact on climate change than its economy because the banks finance so many things. let's move onto the opec meeting while we are about climate change, because you are going to go to that. i have not missed one for 15 years. it is in vienna on thursday, the opec cartel, saudi arabia is looking to float a little bit of aramco on markets. the issue of climate change, fossil fuels, how does this work? it is difficult in the sense that, you know, opec is doing a very good job of trying to give a little bit of stability to the price, so it is not isolating too much because an oil price that oscillates too much is neither good for producers nor consumers. and climate change, what has started to bother me a little bit is, because i move in both circles, the climate change cir

european council president shockingly should also took up his post the european parliament and european central bank both heads with davis' soli and taking up their positions. today marks world aids day much has changed since the discovery of the hiv virus in 1983 over the last 2 decades the number of new infection has declined significantly and although there is still no cure a positive diagnosis is no longer a death sentence however 8 hiv remains a major concern the u.n. estimates that close to 38000000 people worldwide are living with the virus about 6 percent of infected people live in western and central europe and north america 15 percent are in the asia pacific region and nearly 70 percent of hiv infected people live in sub-saharan africa which also has the highest numbers of new infections and aids related deaths. around the world events are being held to mark world aids day china has launched a national red ribbon alliance to better connect medical facilities helping people living with a disease hospital in brazil released thousands of red balloons to draw attention to the ongoing epidemic

and it is interesting to have somebody who is a banker, whereas in europe, the european central bank,hey very former lawyer. that is quite interesting. what is probably more intriguing is the fact that there is already in his in tray, a row about whether there was some banks who might have had access to the feed and if they had access to it, committed their traders have access to it? that is going to be the first application. would not have been really interesting and important to have had a woman for the first time? there was a woman in the running. and she was very, very good, for what i no. but she was not a supporter of brexit. who are you referring to? what was her name? supporter of brexit. who are you referring to? what was her name ?m would have been good for this top job, for... changing the way as well, in the sector. do you just wa nt well, in the sector. do you just want to have a woman? no. but these are strong and powerful women who have really proved in full to get an insider... you mentioned the audio feed. that is thrown up complications. an investigation is under way

the european central bank sees rate policy unchanged at christine lagarde's first meeting as presidentthe bank. words forfamiliar first, while seeing the policy review since 2003. risingarde: protectionism and vulnerabilities in emerging markets remain tittle to the downside come up -- remained tilted to the downside, but have become somewhat less pronounced. vonnie: we saw european yields react as well to those statements. back with us now is chris ceoing, longview economics and chief market strategist. i'm curious as to where you see european yields go following this obvious sort of announcement that the european central bank continues to be very supportive. chris: it's good they are supportive, but it is also good she talked about the risks somewhat dissipating, i think is somewhat the tone of the clip you just showed us. i would agree with that. globally, the economy is picking up. we see that in u.s. yields, and bund yields will follow that sort of trend. don't seem to trade up with as much volatility as treasuries, so i think that gap will widen the bit, but you see bund yields m

in 2019, mario draghi ended his 8-year tenure as president of the european central bank.e was unable to lift inflation to target and raise rates from record lows. a third of the ecb's governing council opposed the decision to restart quantitative easing. several skeptical officials spoke exclusively with bloomberg. >> it was an intensive and also constructive discussion at the council. i could find out how people interacted. everybody listened to the others. so, it was a discussion in which someone tries to take the other seriously. it was a push back, but it was a constructive one, which one tries to come up with a common solution that everybody agrees with. >> not everybody agreed with the measures that were announced yesterday. what was the disagreement? >> essentially, it was about the question how effective will a further monetary easing in these various areas be? is it something we have started to reach the end of, or is there still effectiveness in it? this was a major reason why a pushback took place. the question of quantitative easing moving further into negativ

it's a busy week for investors with meetings at the us and european central banks and of course the election in the uk. we often hear it said that government's around the world should take more of a lead on tackling waste. the french authorities say they are doing just that, and are hailing their new anti—waste law as a world first. it's still being debated in the french parliament, but are the proposals ground breaking? the french government says its promoting a "circular economy", by banning the destruction of unsold non—food items. this covers cosmetics, clothing, shoes, textiles, electronics and plastics. according to the office of the french government, around $725 million worth of unsold non—food items are thrown away every year. the fashion industry, in which france is a world leader, is notoriously wasteful. a 2017 report by the boston consulting group put the level of waste generated by the fashion industry at 92 million tons worldwide. we are going to pause on this story about french waste because we want to ta ke about french waste because we want to take you live in new zealand w

vonnie: do we see the european central bank start normalization next year?hat will it do to the u.s.? >> if you look at the economic situation, you would think probably not because growth projections are sluggish over there. it seems there is this growing sentiment in the last few months that negative rates are not all they were cracked up to be. i think there is a little dissatisfaction with qe. we saw the reichsbank back to zero. it is possible. if we get that, i think it is more of a tactical issue than it is a major change on the economic front. the e.c.b. perhaps saying we tact takenattack -- before and we want to do something different. amanda: appreciate it, stephen stanley. next, we talked about the bad news for u.s. steel. its stock is plunging 11%. it is warning of losses and layoffs. we will explore ahead. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn in new york. amanda: u.s. steel is plunging down more than 10% on a barrage of bad news. the company is warning of a coming loss in the fourth quarter. it is announcing

culture where money laundering is happening the banks that are used the money laundering the european central bank already closed one and warned another bank in malta so it is everywhere and many citizens are fed up so that comes together and the european union is now trying to step up and enforce the rule of law and we should know more from brussels later today barbara thanks very much. let's get you some of the other stories making news today supporters of lebanon's 2 main shia groups have rioted in clashes with police and brute violence was triggered by an online video that showed a man insulting shia leaders to heighten tensions as president put back talks on naming a new prime minister. firefighters in australia are battling to contain blazes in the blue mountains national park that's west of sydney under a bush fires have been raging across australia for months now and conditions are getting worse the temperatures a new house is new south wales for example are set to top 40 degrees celsius. well the global summit is about to get underway in geneva is aimed at finding better ways to support t

culture where money laundering is happening the banks that are used the money laundering the european central bank already closed one and warned another bank in malta so it is everywhere and many citizens are fed up so that comes together and the european union is now trying to step up and enforce the rule of law and and we should know more from brussels later today barbara visa for us thanks very much now is the story of death squads that allegedly silenced voices of dissent in the former soviet republic of belarus now 3 opposition politicians vanished there without a trace 20 years ago belarus has been ruled by this man president alexander lukashenko for more than 2 decades the disappearances came as he rose to power and put in place a system that does not tolerate opposition and the missing men include this individual who's the former interior minister yuri zaka rango now there was speculation at the time that the president ordered him killed and now in an exclusive interview d.w. was spoken with a man who says he was part of the death squad that carried out that order. yuri graff ski is living

look at the impact on the european banking system rather 0.5, thinking, rates are - maybe they go to -60, -70, we need more stimulus. it's not working. nejra: one thing centraltalking about, not just a boe, the bank of japan as well, the risk of financial stability under climate change. is this something that should be under the purview of central banks? do you have a faith that they would be able to maintain financial stability that could be at risk, as they say, from climate change? alan: what you are really talking about here in mark carney talked about this yesterday, is the fact that pension funds in particular owning stranded energy assets and/or materials assets. i think that is somewhat overplayed. i think there is a big move at coutts and co. towards esg investment. we embrace that. gas, butest in oil and we have invested in the top quartile of oil and gas in the sector in terms of esg characteristics. inll and bp are typically the top quartile in terms of esg. of equity weighting outside the u.k. of these sectors is very low. arguably, the bigger risk to pension funds this tech -- funds is tech. overplayed, but no harm in central banks giving us a

it is no coincidence that christine lagarde is now heading the european central bank.politician. manus: thank you. ricardo's call on euro-dollar is 1.20 driven by dollar weakness. coming up, cuts and complaints. that could be 2020 -- compliance. that could 2020. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. ♪ manus: good morning from bloomberg's middle east headquarters in dubai. i'm manus cranny. these are your top stories. new year's resolution. prongedveils a multi policy pushed to set its economy up for a stronger start to 2020. he paysusts its ceo as the price for a tumultuous year. se investigationc -- sec investigation. the german automaker comes under sales reporting practices after fiat chrysler paid the price for a s

multan politics completely you know there is illegal gambling there is money laundering the european central bank has started another procedure against another bank a mall to i mean this is just everywhere where you look and that needs to change because the european union cannot continue to look upon countries that are member countries they don't respect the rule of law at all if a country turns into a haven for criminals from everywhere with him and without the e.u. then is really time to make some changes and that's what the murder of the journalist has really thrown into the spotlight and we will know more today where this is headed barbara bizzle thanks very much. well the countdown is on for the launch of a european satellite that will study planets outside our solar system a suitable os off shortly from the european space port in french guiana that's in south america while the key up satellite will be gathering plenty of data and will be looking for signs of life. the key on this mission is designed to advance the search for extraterrestrial life for the 1st time the satellite will study pl

it's a busy week for investors with meetings at the us and european central banks and of course the election

the new president of the european central bank christine legarde has shared her 1st meeting of the bank's policy panel decided to leave key interest rates in stimulus programs unchanged the guard also lowered the bank's you're his own growth forecast for 2020 by 110th of a percent it stands now with just 1 point one percent. the king's month long coronation has come to an end with a boat procession which carried the new monarch to the royal palace in bangkok $51.00 other vessels accompanied the king as he carried he was carried in his royal barge past shearing crown says. the disgraced u.s. movie producer harvey weinstein has reportedly reached a $25000000.00 settlement with more than 30 women who filed lawsuits accusing him of sexual misconduct if approved this agreement would end nearly all the civil cases against weinstein but he still faces a criminal trial on multiple charges including rape us media 1st published the allegations against weinstein of a year ago world famous actresses were among the women who came forward against him . and for more now i'm joined by reporter anthony ho

european union is taking the lead in pushing for a new green deal and the new head of the european central bank christine lagarde once the bank to take into consideration climate change when it's making monetary policy decisions i caught up with us both from the frankfurt financial center when he was here in doha and asked him how this green monetary policy might work. when you have been at the i.m.f. and world being meeting in washington a couple of weeks ago there was a clear sense that something ought to be done and the e.c.b. is acknowledging that they want to support those screen policies i would see not what some of been asking less greece creating for for korean assets i don't think that's going to happen but what we eventually will see is a push towards more risk weight of assets that eventually will learn will have negative impact on the environment do you think of this is something that the financial sector the. of the world bank that they should actually be involved or is it their responsibility to push the us to lead from the front bt is the answer is clearly yes because we are talk

the new president of the european central bank christine legarde has chaired her 1st meeting of the bank's policy panel it decided to leave key interest rates and stimulus programs on changed legard also lowered the bank's eurozone growth forecast for 2020 by 110th of a percent to 1 point one percent. and clashes have erupted in beirut after supporters above it on 2 main shiite groups try to attack anti-government demonstrators police fired tear gas to prevent supporters of hezbollah and amal from reaching the protesters the demonstrators have been calling for the 2 group's leaders to step down. or has confirmed that suspected islamist militants killed $71.00 soldiers near the border with mali a nighttime ambush on a military camp in eights in the southwest also wounded 12 troops and left several more missing the so-called islamic state has long been active in the area. and did every reporter tell me or not people has been looking into this story for us he's with us here in studio hi tony what more can you tell us about this attack well reported from the defense ministry that they say hund

christine lagarde now in charge of the european central bank, and as you said she has made it a centralhinking in going forward. it is something we are looking out on bbc online as well as this summit gets under way in madrid. all the recent evidence that has come out of, you know, organisations like the un et cetera recently, the world meteorological society all points of the fact that the situation is getting worse, not better, despite everybody‘s efforts. so there was more pressure on governments and business leaders than ever before to make significant change. and i think what is new in the debate is it brings more prominence to finance. you had the sustainability people who have been going on about this for 20 years, but this has really garnered momentum, that people say ok, we shouldn't finance polluting industries. you saw for instance the european investment bank, eib, which isa european investment bank, eib, which is a last resort multilateral bank said they would not finance oil, gas or coal, any fossil fuels. the european bank for reconstruction development thinks along the s

the new president of the european central bank christine like god has chaired her 1st meeting of the bank's policy panel and decided to leave key interest rates and stimulus programs i mean change also lowered the bank's eurozone growth forecast for 2020 by 110th of a percent to 1 point one percent. voting is underway in the u.k. star general election in 5 years conservative the prime minister bores johnson cast his vote early he's hoping to secure a majority to get his briggs it plans through parliament the opposition labor leader jeremy corcoran also voted early his party gained ground in the final week of the campaign well despite initial predictions that mr johnson would win a majority recent poll suggests that the result is too close to call. hammering his point home prime minister boris johnson canvassing for last minute votes in this breaks it dominated election. and the conservative leader stayed on message throughout his final rally. well i think it's time for this country to come together and move on at all of the will of the people that we can. at his more low key affair l

cost of borrowing in the world's biggest economy will be happening on wednesday, that is the european central bankt is a week where investors are on the sidelines, not sure what to do and waiting on the fed. let's look at europe, and see how we have been doing. a0 minutes of the day in on the trading day, pretty negative so far with both germany and london down around half a %. the world trade organization is facing a crisis in its system for settling disputes between member countries. today is the final day on which its appeal court will have the minimum number ofjudges to consider cases. two of those judges are completing their terms and there will be just one left. the us has blocked the appointment of replacements. so, how did the wto get to this impasse? here's andrew walker to explain. the wto system for resolving disputes has been called its crown jewel and is designed to make sure the scales ofjustice are evenly balanced, no matter the size of the country. but it is facing a major crisis. when countries lose their wto dispute, they can appeal to the appellate body. it's supposed to have a

the 2nd problem arising because telefonica has been supported illegally in my sense from the european central bank and now they need some excuse to get us to to justify the funding for the telefonica as you explained there are you making this choice really because they don't have too many other options that they're doing what's best for them but we're going to see distance now between america and europe as they both try to look after their own interests and struggle to find common ground. well i don't think europe is looking for it's only improved because early in the past they have shown that they are not even able to look after their only interest in this case they're at the edge of their they have they are in the corner they can't do any sort of work us is looking for their own benefits and i wish they europe would start to look for their own benefits but in this case it is just this embarrassment of totally broken down economics policy of economics which we can see now in europe it is only. an economy or politics of the committee to sit and nothing else and this in this case it shows it again.

digital currency in libra very soon during her 1st press conference as a president of the european central bank christine lagarde even said that she sees a clear demand for stable coins while a new survey from the bank of international settlements showed 55 of 63 central banks are unlikely to issue a c.b.c. in the near 3 years nearly 70 percent of central banks are looking into issuing their own at some point in the future. and what more. were caught up with the managing partner of the botching founders fund who brought down the subject with artie's branch of war we began by asking him about france's move to explore additional currencies. so according to the bank of international settlements as you mentioned 70 percent of central banks that were surveyed are actually looking at doing a form of a c.b. d.c. or a central bank digital currency 50 percent of those are actually already working on proof of concepts and so there's a very clear case here for a lot of countries looking at it in the case of france what they're trialing is a wholesale c.d.c. so it's not for general citizens or for retail p