we have more details. >> the european commission is the pressure on france. it is being advised to move proposed reforms to honor commitments it made to the european union. > an important package was announced of measures and along s shows they are the right line. that it is still possible in regard to structural meet ives for france to its commitments. the e recommendations by european commission on how member states should manage a ir economies comes at sensitive time. last year far right parties made ignificant gains during the elections.ry it has been placed under supervision after in failed to its budget deficit. it needs to reduce it under 3% g.d.p. by 2015. shave 50 million 2015 and 2017 en fp. had stalled and last week the number of job seekers had again up making the demands a task that looks increasingly difficult. >> looking at other news russia going to cut ukraine's goes supplies for at least another week as the two negotiate overto gas prices. game as gazprom confirmed a $786 million initial payment. to cut e threatened supplies as soon as tuesda

a spokesman for the european commission is declining to comment on this report. next market operator euro could be valued at one point -- uronext plans to sell shares of its company, with plans to spin it off. paris, operates in amsterdam, brussels, and lisbon. nintendo is going on the offensive at the videogame show e3. the council maker has presented new features and games at the event. consolesnintendo missed sales targets by a wide margin last year. nintendo in terms of console sales for the first time in eight years. that is the business news for now. back to you. >> thank you, magnus. to an attempt to make a classic children's toy less sexist. community the online is rallying around a young man who risked his life at last month's shooting at seattle pacific university. >> welcome to the web news, where we will look at some stories making online headlines. lego could launch a new series of female mini figures. and a bmx champ in action. 822-year-old risked his life during lasttack week's shooting at seattle pacific university. in doing so, he prevented a wid

the european commission candidacy may be smothered in sweden today. angela merkel and damon cameron and the dutch prime minister are in sweden to discuss who will take the eu's top job. hans nichols joins us from berlin. party won, i guess you could call it, last month's european elections. what are we going to get over the next few hours? we have a press conference scheduled. merkel is broadly on board. others aren't. the swedes are backing out a little bit. read the tea leaves for us. >> here is what you want to look for, look for help publicly angela merkel embraces the man who comes from her own party. if that is a firm embrace, his candidacy might have a fighting chance. in a lot ofks countries are lining up against him. the british are talking about gender parity, about there being a female for the top job. over the weekend we heard from christine lagarde. she took herself out of it. let's listen to what she has to say. >> i have a job. i am not a candidate to any other position. i think it is a rather important job. we are not done with the cri

going ahead with this will politicize the european commission in a way that may actually distort european policies in the years to come. >> ok, we will take a soundbite from the chancellor's. >> i consider it grossly negligent and acceptable to say that it doesn't matter if britain supports this or not. or even that we don't need to try to keep britain in the european union if they are trying to leave anyway. >> ok, what do you think? the bottom line is that was the most passionate part of her speech. this is the world war chuckle. she put everything on the line. britain doesn't have to prove its european credentials. it will the interesting to see how does she square that circle. how does she keep the supporters onside as well as keeping britain onside. it would be pretty tough circumstance. >> >> for now, it's time for a story about a prisoner exchange at the white house hopeful to be celebrated but instead has led to anger in congress. >> the taliban has released video of the hand over this weekend of the sergeant who was traded for five high-ranking taliban and. >> top members of cong

the european commission president. argentina struggles against but polls all day one and they last 90 minutes. russia's president vladimir putin says he stands behind the cause for a cease-fire. they released a statement today calling on both sides to lay down on. effectupposed to go into friday night. as part of the plan for peace. that have been reports of more skirmishes in the region. >> russian tv. had been shelled ukranian from territory. >> we started to evacuate after hearing automatic fire. we heard a number of loud detonations and debris raining down. >> in ukraine, pro-russian separatists held their fire. the border guards said an army set point had come under attack. injured.diers were this does not bode well for the cease-fire. aim is to give this the opportunity to lay down the weapon. the separatist turned down the president's initiative. they said they did not trust him. he talks the talk but does not walk the walk. make statements about the peace plan. they came under fire. they also ratcheted up the p

the are keeping our eye on the selection of a new european commission president. give us the latest. david cameron saying that he will stick to his principles jun morning on a junker -- cker nomination. >> david cameron is digging in. it is quite clear that he wants to continue his opposition, continue with the principle of opposing decision in brussels. last night, angela merkel appeared to want to give cameron a little bit of room to climb down. drama ifk it is not the vote is not concordant. with regard to content, we have to find as much common ground as possible on substantial issues. i think we can find good compromises with great written and extend our hands to them. >> but it is drama that it looks like we will get this morning. we will see just what those meetings -- come out of them and how firm and deeply the other side digs in. and will there be any give on policy? will there be any policy shifts to make it more colin will for david cameron? >> thank you very much. moreng us now for perspective on this and the broader market themes of the day , the aut

we need to keep a close eye on reorganized commission. european short, we want to move forward together towards an --nda for more operation cooperation and to go back to the core tasks. first, we need to focus on what the next commission is going to do. the policy priorities. only then we will come to the question of who is going to do that. >> thank you. >> we have a couple of questions. please speak into our microphone. swedish television channel 4. to german chancellor, you have succeeded to win free elections -- three elections in a row. what is your advice and your comment on that? prepared to press junckerthe name of despite the fact that many countries are against him? mr. cameron, is there any compromise that would make you promote him as the president of the commission? the only advice i can proffer is to be yourself and that is -- he willick is an find the right answers for himself and his country for sweden. thatve all made the point the personnel issues were not the focus of art discussions -- of our discussions. we wanted to focus on

they center around claude who is said to become head of the european commission.omination of a man. potential allies are falling away. two and a half weeks ago, david cameron shared a boat with the so called reform camp, germans, swedish and dutch. they shut the door on blocking him. >> if a vote is called for, we'll support claude's candidacy and not block it. >> in germany, angela merkel once lukewarm said there will be no drama if he's chosen by a qualified majority. what has swayed many leaders is the argument this is about democracy that people were told they were voting for the next eu president. >> he has put himself in a not so nice corner. he's been vocal not accepting voter's choices. he's been blackmailing about leaving the european union. >> some countries like italy have openly traded backing in exchange for support of greater flexibility over deficits. it remain as surprisingly difficult to find an endorsement for the best candidate of the job. >> is he a face that represents a new bolder reforming europe? >> we are not concerned about that. we're co

the european commission is looking into whether tax authorities have been too gentle with apple, starbucks, and fiat. marcus is here. >> the european commission has opened three separate investigations into the tax practices of ireland, the theerlands, and luxembourg. three countries are too lenient with that. looking intoner is the individual tax deals struck between these firms and the three countries in question. it is concerned the companies haven't and paying the same corporation taxes as their rivals, which could result in illegal state aid. the commissioner says it's part of a wider process to look at multinationals. public competition when budgets are tied. it cannot be accepted that large multinationals do not pay their fair share of taxes. >> we have heard from the companies in itstion as apple is denying receive fair treatment. starbucks says it is complying with existing rules. confident their tax arrangements do not breach eu rules. meanwhile, shares in the european aerospace company airbus came under question. they came as the hopes to catch up with boeing took a blow. emirat

plus, the battle for the european commission president. to see what prospects are for taking over that position. we know david cameron is opposing him, thinking he is too much of a federalist. finally, we will be discussing this $10 billion potential fine facing bnp paribas. will they have to cut the dividend? will they have to raise capital? will they have to pull that sponsorship? all that and more coming up on "the pulse." >> thank you very much indeed. olivia sterns and i will be back at the top of the hour. let's talk about some of the companies we need to be discussing. nintendo plans to cut around 130 jobs in germany. the game maker is planning to close one of its offices and warehouses in the country. the reorganization is expected to be complete by the end of august. russia's second-largest wireless operator has agreed to buy out $600 billion worth of equipment. the deal comes at a time when ties between russian and chinese companies appear to be strengthening. facebook claims it can reach 500 million football fans. that is accord

the european commission anti-trust regulator has announced it's investigating deals struck by apple, starbucks, and fiat with tax authorities in several european countries, including ireland, and the netherlands. it's believed that the multi-marshall company has established tax deals now then to minimize the amount of tax they have to pay. it's something we've been hearing a lot about in recent months, and just another line coming from reuters out of dublin. ireland is responding to the claims. it says it's confident it has not breached state aid rules in its tax dealings with apple, and it says it will defend its position vigorously. that's the latest response from the allegation from the european commission about potential tax deals struck by huge corporations to base themselves in countries where her tax rates are lower. any more on that with allison in business news. >>> okay. now, thousands of people have raided a religious -- thousands of police, rather, have raided a religious commune in south korea in an attempt to find a fugitive billionaire white house wanted in connection w

the background, of course, there is ongoing controversy on who will be the next head of the european commission. david cameron definitely out on his own now in opposing the appointment of jean-claude juncker. we don't know when we're going to hear any news on that, but as soon as we hear, we'll bring it to you. >> thanks very much indeed. lucy hockings in brussels. >>> let's have a look at that ukraine association agreement. jamie is here with the business implications, trade implications, jamie. >> i want to look at more detail at the deal and what it means, relations between ukraine and europe. what it hopes to do for the ukrainian economy. the association agreement, that's what it is called, is going to open up your european and ukrainian markets to each other over the next ten years or so. it will see ukraine adopting standards, everything from food to intellectual property, copy right protection and so on. the eu says it will boost exports to europe by a billion euros, $1.35 billion every year. it will save, it says, ukrainian firms $685 million a year in customs duties, that's customs bar

say. >> of course the big european story at the moment, the search for a new president of the european commission. as you mentioned, chancellor merkel reiterated her backing for jean-claude juncker. she said he might be nominated by european leaders even against the opposition of some governments. he does face opposition in particular from the british government. david cameron, the british prime minister doesn't think he is the right man to create reform, but chancellor merkel indicating today that she's going to let it come to a confrontation at the upcoming european summit. or generally, the chancellor warned that the euro crisis is not over yet and that european governments have got to stick together to overcome it. she said the stability pact rules do allow for some flexibility for governments to take measures to stimulate growth, and that flexibility should be used, she said, but the government here doesn't want to change the budgetary rules. they want to keep the emphasis on economic reform. >> let's look at what the opposition are saying. the opposition leader is very strident in his criti

cameron is on this mission to block the appointment of one as the head of the european commission. the says he is fighting a losing battle. warned european leaders the appointment would push written out of the e.u. he's trying to paint him as a diehard european federalist out of touch with anti-european sentiment. he hoped other european leaders would follow his lead. let's take a look at a cartoon drawing inspiration from the road" beatles "abbey album cover. david cameron is saying follow me. the other european leaders are not. >> let's cross stateside where papers are focusing on a controversial supreme court ruling concerning abortion clinics. >> this is a unanimous decision by the supreme court. it ruled buffer zones around abortion clinics in massachusetts are unconstitutional. people defending the buffer zones said they are necessary to avoid harassment and physical intimidation of women going to get abortions in massachusetts. but the supreme court said these are a violation of the first amendment, freedom of speech, of whoe antiabortion activists could not give "gentle cou

why he says he will be the president of the european commission by the end of this week. >> extreme ipo camera maker. a $3 billion valuation. ♪ >> good morning. you are watching the polls.

. >> eu leaders meeting in brussels shows a new president for the european commission. back the 28 member states the former luxembourg prime minister. >> i think the decision is one that is us a president of the european commission with european experiments and to will also be responsive to the wishes of the individual member states at the european parliament will >> david cameron lobbied hard against him and that he regretted the choice. opposed him on the ground he was too much of a federalist and in favor of war power for brussels will stop the election is likely to prevent skeptics for a membership in the run-up 2017. angela merkel made it clear she takes london's concerns gracefully and she hopes britain will opt to remain in the european union. -- the at the eu summit block signed association agreements with ukraine and two other former soviet states, moldova and georgia. the ukrainian president signed the treaty, which is rss or rejected last year, triggering antigovernment or test that eventually ushered in new leadership in kiev. it binds the country poster to

dixons, warehouse and that merger was cleared by the european commission.tting both companies reporting numbers. >> we are. -- as is really a break big force. they sell everything from back in cleaners to tablets. they have said they have increasing sales by 3%. that is less than estimated. 7.22 billion pounds is how much they sold for the year. they said it was a year of strong performance. this is the company that has pc world and curry's. underlying profit is up 76%. growth, they have one billion pounds worth of sales. up 16%. they are progressing with in-line with the timetable. let's take a look at carphone warehouse. of overall sales, the total 3.2 8 billion pounds is a little bit shy of estimates. earnings before interest and tax, 151 million pounds in line with forecasts. again, they are managing to drive up their headline pretax profit. many people looking to get onto 4g. we know why these companies are wanting to clump together. a merger of equals, even though dixons has double the amount of sales than carphone warehouse. it's the dominant force o

why he says he will be the president of the european commission by the end of this week. >> extreme ipo. a wearable camera maker. a $3 billion valuation. ♪ >> good morning. you are watching the polls. we are here from london. the steveup, meet jobs of france. we will introduce you to the tech billionaire. >> we are live with the ceo as tensions in russia escalate. if they needabout to reduce energy reliance on the country. let's continue with that theme. tensions with russia are the top story again. of theat specific areas russian economy, including energy and technology. let's take a look at where we are and me impacted that the sanctions could have. ryan chilcote joins us. >> they prepare the sanctions and they decided when to implement them. it is not surprising that we are hearing about them now. the obama administration has a habit of talking about sanctions before the eu meets. these will be on the technology used on the oil and gas industry. whether it is the discovery of oil and gas or moving the oil and gas production. it is effectively a restriction on technology. has, ona adm

the head of the european commission and there was a drift with america on this now at the end of the production and joining his story is. grouping in the. european parliament we have to see how this will affect the relationships between. the conservatives and the christian democrats in the european parliament. but it is possible that mr cameron may have something more difficulties because the decisions of his group led to the pain parliament. that we have here a little and ultimately i mean what could this mean for mr cameron's hopes of reform. well it may go either way it may strengthen his position because he has an additional member that comes from germany but may also. push him to calm down he's a. war to find a deal with anger america i mean it's a the u.k. is in a very special position. generally saying quite weak at the moment so we have to see what is the real metra behind the navy from the people point in the matter is most probably the financial infrastructure and regulation of europe then who would be sitting as had permission and i think it is important as a symbol but it'

they have money which are given by the international institution which is given credit by our european commission it's a trick so they have to consider a system of direct payments to gas problems as they do for example in case of our conflict between israel and palestine because they pay our bills of palestinians directly to israel so that might be a short term solution are to reconstruct the situation and to avoid damages to european economies and interesting to see how this is good all going to unravel in the next couple of weeks thank you very much for your input on the story and then dance the political analyst from the e.u. reporter magazine the aggravating guess is expected to have the ramifications for you queen and possibly for your old lives well and it's been argued that russia's interest to marty's arena going to school was looking at the consequences for all parties. there are about four major misconceptions about this whole gas conundrum that exist and we're going to destroy dispel them for you right now basically the number one myth about the gas situation is that if you look at thi

they're expected to confirm jean-claude juncker as european commission president. continues to dig in his heels against jean-claude juncker. the morning, andrew. thank you for coming. david cameron says jean-claude juncker is the wrong man for the job. do you agree? >> i don't think it makes a whole of difference. i think the direction of the european union is quite clear. it is leaning toward much deeper political integration. the direction for the clear --one eu is also it does not have a future. >> if you want to make the eurozone work, you have got to have a deeper political union. you have to have the fiscal to balance the monetary. >> the idea of having a much deeper political union is not ambition orical flighty goal. it is regarded as a nexus dental necessity, one of the key lessons from the eurozone crisis is that more of the political architecture should have been placed at an earlier stage. they are reacting to the crisis by establishing banking unions, fiscal unions, eurobonds come all of these things will come with deeper political integration. >> unit

juncker can choose be to be, if he wanted to, a fairly vindictive commission president and make life very difficult for david cameron. the europeane complicated beast. the commission is where the laws are written, it enforces rules and regulations. i think even more importantly for david cameron is actually the council what we're talking about today, the group of heads of government. they're the people that can decide whether or not david cameron can get the sort of renegotiation that he has now promised voters. but, i think david cameron will get quite a bit of criticism back in britain. if this is the opening skirmishes of his attempt to reform the european union, not going very well. >> ben, thank you very much for joining us. interesting times here in brussels. just to go back to your opening question, we don't have a time for you. as i mentioned, the session is behind closed doors. the last item on the agenda, but we are certainly keeping a cross on every single movement here on brussels. >> thank you, so much indeed, lucy. lucy hockings in brussels. >>> breaking news that we're getting out of erbil in northern iraq. press c

choosing the next european commission president. the chinawson has inflation problem and the potential deal between two french mobile carriers hit a snag a caroline hyde has that story. >> jean-claude junker's candidacy to head the european commission. they have time as the prime minister of sweden set a summit will not lead to a speedy election. hans nichols joins us. time is not an ally, is it? >> it certainly is not. what junker needs is his extension to the had of the commission to be a foregone conclusion. you heard from prime minister brian felt that this would not be the time to discuss personnel matters. on headingis going into the meaning, cameron was quite critical. craig, you spoke with reaching out trying to find a bloc. it is like matteo renzi is against junker. it is like the momentum is pushing back against junker. david cameron said we should be the way -- we should be the one who decide who should pick instead of a new process that was never agreed upon. there is one site that is positive for junker. angela merkel r

the head of the european commission has been dealt another blow.osting leaders of germany, holland and the u.k. today. david cameron has threatened to leave the eu if juncker is elected. won hisl nadal has ninth french open. slam titles.nd he says this is the most important tournament of the year for him. >> a look now at how european markets are trading. >> they are on a bit of a winning streak as well. we've got records over in the united states with the s&p 500. nine of the markets are currently shot across europe. still feeling the warm breeze from the european central bank. the centralshing banks hire. saying many going overweight. stocks driving higher. that appetite for risky assets also in the currencies. exports growing 7%, the biggest trade surplus in china in five years. imports, of course, on the downside. a little worried about domestic demand. but you pm demand and demand from hong kong and taiwan seem to be driving -- but european demand and demand from hong kong and taiwan seem to be driving exports higher. bit of a selloff happenin

greece is peanuts compared to what we needed to save the kids economy the president of the european commission says the e.u. is simply not ready to welcome ukraine right now and that sentiment is also echoed by the foreign minister of europe germany which comes as no surprise to financial expert patrick. ukraine which last year was in a catastrophic position how it's signed a free trade association this year is going to associate with the european union out the point when it's on the brink already of economic disaster this is a catastrophic move for the ukrainian economy the only winners either this or a few sadly deluded egos whether they're in brussels whether they're in washington who believe some horror of that they've achieved a great geopolitical victory for the people of ukraine there are no jobs to be hard here there's only going to be job losses. early on said washington has been blaming russia for fanning the conflict in ukraine and threatening sanctions unless it stops but america's plans are facing staunch opposition from western businesses sent here's why russia being an emerging

-- european commission president.ond, do you feel pressure from president obama about your position of keeping the u.k. in the eu? thank you. >> first of all, the relationship between the united states and france has never been stronger. on a whole range of issues, we are seeing intense cooperation, and i'm looking forward to seeing president hollande this evening to talk about a range of issues and continue the work that was done here in brussels. my answer on the banking cases is short and simple -- the tradition of the united states is that the president does not meddle in prosecutions. we do not call the attorney general -- i do not pick up the phone and tell the attorney general how to prosecute cases that have been brought. i do not push for settlements. a cases that have been brought. those are decisions that are made by an independent department of justice. i have communicated that to president hollande. this is not a unique position on my part. perhaps it is a different tradition than exists in other countrie

european elections, the capacity to designate the possible candidate for the presidency of the european commission. >> juncker was the candidate put forth by the conservative bloc which cannot top in european elections. after the public standoff over juncker, german chancellor angela merkel selected procedures for selecting commission president could be reviewed in the future and was keen to reach out to britain. >> it has been again made clear that the concept of a closer union as outlined in the european treaties, where we as member states moved closer together, does not mean everything needs to take place at speed. >> angela merkel and other leaders have made it clear they want to keep britain in the european union. >> the muslim holy month of ramadan starts this weekend prompting millions around the world to embark on a day of fasting. those observing the fast refrain not only from eating and drinking during the day but also from sex, smoking, and other worldly pleasures. during the day, the focus is on good works and spirituality. the evenings are marked by communal celebratory meals to break

about the man to lead the european commission. >> we will check out the big business of art theft. esident obama's european trip. let's talk about that. he met with the your -- ukrainian president-elect. hans nichols is to be found in brussels. u.s. isst said the committed to standing behind the ukrainian people. what does he mean by that? >> that is sort of a continuation of what he said in poland, why he made the stop there. there is a lot of symbolism and pageantry to these visits. one thing we should take note of, the meeting was scheduled for an hour and it went close to one hour and a half. obama came out and was pretty effusive. he was deeply impressed with poroshenko's vision for the future. obama himself has said it is likely that he will meet putin on the sidelines. there will be lunch on -- later in the week in normandy. round ofal new sanctions from the european union or the u.s. is possible. it was said in the clearest, most distilled version yet. >> if we have to, then we will. we are always ready in the u.k. if it is necessary. we hope it is not necessary. we hope tha

from the european commission, the press release is stating that the commission is investigating the transferrate taxation of apple in ireland, starbucks in the netherlands and fiat finance and trade in luxembourg. that is going on. ireland incidentally following up after saying it's confident it has not breached state aid rules in the tax rule. this coming via reuters. ireland is saying it's confident it hasn't done anything wrong. we'll continue to follow this closely. it's a big case. they're focusing on whether decisions by tax authorities in these three countries with be whether they are -- the corporate tax being paid in these companies, they complied to the eu rules about tax in each of these countries. when it comes to the european markets today, we're looking at some slight negativity out there, not a lot, though, we're off by somewhere in the region of 1% or sub-1 percentage page or so, we have u.s. futures also indicating a slightly lower open state side. we're just seeing a little bit of money coming off the table after we've had a couple of sessions where we've seen quite a bit o

the president of the european commission says that the e.u. is not ready to integrate a country like ukraine at this stage and that is a sentiment the source so echoed by the foreign minister of europe's powerhouse germany which all comes as no surprise to financial experts patrick. ukraine which last year was in a catastrophic position how did signed a free trade association this year is going to associate with the european union are the point when it's on the brink already of economic disaster this is a how does draw for a move for the ukrainian economy the only winners either this or a few sadly deluded egos whether they are in brussels whether they are in washington who believe some higher rather they've achieved a great deal political victory for the people of ukraine there are no jobs to be hired here there's only going to be job losses there is no economic growth to be hired by suddenly having western european goods dumped at little cost onto your marketplace this deal is a disaster it's a very very tragic day for the people of ukraine

the european commission is using cloud to make this possible.ing and billing network across 28 countries. so drivers can travel as far as they want to go and when they want to go. >>> you're watching "worldwide exchange." >>> recap of the headlines. european squabbles on the agenda as obama heads to a g7 meeting in brussels. it's not fair, france's finance minister calls the potential fine against bnp paribas disproportionate. >>> china's in a security crackdown as the world marks the 25th anniversary of the tiananmen square protest. >>> north america, a quick look at u.s. futures for the open. indicated a little bounce higher at the open after sell-off yesterday. we closed at fresh record highs. the dow futures indicating a move higher by 24 points. the s&p at the moment is 4 points below fair value. the nasdaq at the moment is 7.5 points below fair value after being down three days in a row for the tech heavy indice. european equities down, the services pmi in the uk, 58.6 hiring in the uk, that seconder up matching a 17-year high. >>> and som

in terms of your other questions, look, on this issue of who runs the european commission, the european institution, what matters is people who understand the need for change, for reform. >> sorry about that, we had a break up from the sound from brussels with a sum up of what has come out g7 summit in brussels. standing shoulder to shoulder as they commemorate the affords of d-day landings in europe, helping to bring an end to world war ii. they've been talking. let's bring you straight back in, we've recovered the song. >> the people of the soviet union during world war ii and should we have the opportunity to talk, i will be repeating the same message that i've been delivering to him throughout this crisis. keep in mind although we haven't had formal meetings, i've spoken to him by phone repeatedly through the outset and my message has been very consistent and that is that russia has a legitimatent

up this news hour, not wanted by britain and hungry, eu leaders elect the next head of the european commission>>> and fears of the ebola virus spread across africa >>> and we'll have the latest in sport with sonia. ♪ >>> now iraq's top shiite cleric has urged the country's political blocks to appoint a prime minister and president before parliament convenes on thursday. currently nouri maliki is fighting to keep his job. hoda abdel hamid reports now. >> reporter: it was a tough sell for william hague convincing the kurds to take part in a government under the leadership of maliki. the kurdish president says there is no going back to june 10th, the day the city fell. >> translator: we have waited for more than ten years for the iraqi government to address and solve the issues of these areas covered by article 140, but it was to no avail. the iraqi government forces have withdrawn, and it was necessary for the forces to go in to provide protection. >> reporter: the, remarks came a day after he made a surprise visit to the oil-rich city under rebel control. with an order of u.s. made f-16 aircraf

broader, they would be more significant, our technical teams have been consulting with the european commissiono identify sanctions that would maximize impact on russia and minimize adverse impacts on european countries. and that work is ongoing. my hope is we don't have to exercise them because mr. putin has made some better decisions. i think by the way it would be better for russia because the russian economy is not in good shape right now. we've seen significant capital flight just from the sanctions we've already applied. that could easily worsen and if we have sec torl sanctions i think it will inevitably hit russia a lot more than it hits europe which have much more diversified and resilient economies. do i expect uninimty among the 28 eu members? i have now been president for 5 1/2 years and i've learned a thing or two about the european union, commission, council, sometimes i get them mixed up -- >> welcome to the club. >> but the basic principle that if you got 28 people sitting around a table, not everybody is going it agree, i think we take that for granted. and i also think that if

our technical teams have been consulting with the european commission to identify sanctions that would maximize impact on russia and minimize adverse impacts on european countries, and that work is ongoing. my hope is that we don't have to exercise them because mr. putin's made some better decisions. i think, by the way, it would also be better for russia because the russian economy is not in good shape right now. we've seen significant capital flight just from the sanctions that we've already applied. that could easily worsen and if we had sectoral sanctions, i think it will inevitably hit russia much worse than it hits europe which has a much more diversified and resilient economies. do i expect unanimity among the 28 eu members? i've now been president for five and a half years, and i've learned a thing or two about the european union, the european commission, the european council, sometimes i get them mixed up, but the -- >> welcome to the club. >> but the basic principle that if you have 28 people sitting around a table that not everybody's going to agree, i think we take that for

i believe the european commission president should be chosen by the elected head of the government, andeads of state, on the european council. that is the right approach and it is wrong to sign up for the power grab i the parties of europe and the european parliament. >> now germany, the netherlands, and sweden are all backing yuko. if he attracts the quality of heads of state and the government and also has support of the european parliament, then the rules have been followed and the government recommends they join the community. >> a look at the former prime minister will not be the former are leader, the eu leads. is particularly fearful younger nominations will promote more union in the eu and seymour power handed over to parliament. spoke -- a prospect very unpopular. although firm starts could further isolate him with europe and forced him -- force him to preempt on uk's future in the union. >> let's change gears. a check of all of the world cup action in brazil. the united states has been playing germany this evening. a portugal facedarner. one million two germany. both countries

will meetings will overshadowed over the battle of who will be the next head of the european commission? >>> i'll be reporting live from the world cup where the german born coach of the united states takes on the native germany. >>> also on the program, aaron is here. barclays back on the block. >> the british bank has been charged with fraud by u.s. regulators. this time for sending from additional investors into a pool of highly sophisticated predators. once again it's all about trader's greed. we're going to look at how pensions funded their bumper paid packets. >>> hello. it is noon in london, 7:00 a.m. washington, 2:00 p.m. in the iraqi capital baghdad where the prime minister nouri maliki has exclusively revealed that syrian fighter jets have bombed sunni rebels on the border between iraq and syria. the attack on militants was carried out tuesday in the town of al-qaim. mr. maliki said they welcomed the attack on isis is. he welcomed iraq and syria are cooperating over border security. >> translator: the strike earlier inside the syrian side of the border, there was no coordinatio

. >> that's the president of the european commission. i'm joined by michael williams. i wonder if you get a sense now this is a slihifting of the plates. is this real talk to at last defuse issues in ukraine. >> there definitely is. the issue is order and justice in ukraine. the g7 leaders have to choose between stabilizing the situation regardless of how they feel about what happened there or pursue the path of justice, trying to stand up for the sovereign government to the extreme pushing russia into a corner instead of pushing against russian motives. looks like they're going more for order with light warnings about further sanctions. >> it hasn't been a terrible struggle so far. it's been emotional in the way different country have responded to russia. it's time for a change on that. >> there has been a larger strategic struggle behind the confli conflict. especially russian and ukrainian populations for historic regions. this is a push back against the last 20 years washington wanted to do what it wanted, was able to pursue the liberalism and democracy. russia is

the fine was handed down by the european commission third if intel had abused its position by discouragingmputer makers to and intel'soducts, appeal was struck down. market got more crowded, air asia india has carried out a maiden flight. it is a joint venture between air asia and the indian conglomerate. rivals have responded with lower fares as experts warn of price war could push an airline into bankruptcy. all but one are losing money. newon is waiting into a business segment, a music streaming service. it will be limited to users of the $99 the year prime .ubscription analysts say it is under pressure and to respond as rivals have services. apple bought beads for $3 billion, the company had its eye on that sector. the business news for now. i will be back in one hour's time. >> naÏve got your business update and is time for web news -- now you've got your business update and it is time for web news. >> welcome to the web news where we will look at some of the stories making headlines online. coming up, outrage as anti-homeless spikes are spotted across london. artwork and a french fil

who will be the next president of the european commission?erman chancellor and british prime minister have differing ideas about where the future of the union will lie. ben wright caught up with the swedish prime reinfeldt, and ask him how they could settling their remaining differences. >> i think the important message from these four lead who are have worked together closely before is, look, where is europe heading now? we have ideas how to create more jobs, how to become more competitive, how to pool better the resources given to research and development. if we can agree on that, we will also then of course name a name to lead the commission, but i don't think that is what you should do first. that is what you should do after you have finalized what you want to do in content. >> the prayiorities of the next commission should come first. do you think david cameron and the british have been a bit clumsy here by making their hostility to him so clear? hasn't he just rallied support behind jean-claude juncker in berlin, for instance? >> i thin

the european commission calls for a suspension pending a decision on whether the project violates e.u. competition law. a spokeswoman for commission says south stream should be value waited in light of european priorities. european leaders have called for a review for energy supplies during a stand off with ukraine. the bulgarian minister says he believes the pipeline could bolster energy security and create jobs. if we look at other news in brief, still no saying on a related topic. poland's foreign minister is urging france to pull the plug on a deal to sell two war ships to russia. they say the sale of two helicopter carriers could threaten the russian neighborhood. they agreed to sell them for 1.2 billion euros. france set the contract must be honored. the french luxury group said it has finalized the sale of a mail order company. this sale is seen to help them get out of retail and focus on luxury good. final if you are reason to road rage, don't go driving around moscow any time soon. the russian captain is the world's more congested. a driver in moscow with a commute that shoul

back here in europe, should [indiscernible] become the next european commission president? that was the question hanging over european leaders and -- at a summit today. the controversy over the top job has not been resolved. >> angela merkel has given support, but david cameron and several others are refusing to endorse him. >> the leaders of britain, germany, sweden, and the netherlands said they wanted to focus on the future of the eeo -- the future of the eu and not jean-claude juncker. david cameron did not repeat warnings that britain could leave the eu if jean-claude juncker is confirmed. >> i want britain to stay in a reformed european union. that is my goal. i think that is best written and europe as well. >> chancellor angela merkel says she supports him but did not want to discuss appointments in sweden. >> we have already said that that you commission presidency would not be the focus of our discussions. we wanted to do what had not been done as often as it should. we wanted to discuss topics that mattered to the citizens. >> the four leaders were tightlipped aft

named jean-claude juncker to head the european commission in the face of bread are up -- did her opposition. theng renewed calls to quit 28 nation bloc after he found himself blocked only by hungary and his attempt to stop the federalist figure. dayavid cameron started the and later he was proved right. only hungary docking the british prime minister after he was abandoned by the netherlands and sweden. blocking therets vote on becoming the next president. >> we could have found alternative candidate who supported and command the support of every member state agreeing together on the best way forward. i think it's a serious mistake that other leaders decided to abandon that approach today. >> he says he is honored by the nomination. eusays it makes a british exit more likely. german chancellor angela merkel was quick to offer reassurance. if you look at the conclusions today, we have shown very clearly we are ready to address british concerns, british issues. whole look closer, the strategic agenda reflects british ideals that i share incidentally. this from last germany andons, france prom

billions brussels would have to be to cough up to save kids' ailing economy the president of the european commission says the e.u. is not ready to integrate a country like ukraine at its stage that sentiment is also echoed by the foreign minister of europe's powerhouse germany which comes as no surprise to financial expert patrick. ukraine which last year was in a catastrophic position how it's signed a free trade association this year is going to associate with the european union are the point when it's on the brink already of economic disaster this is a catastrophic move for the ukrainian economy the only winners either this or a few sadly deluded egos whether they're in brussels whether they're in washington who believe some horror other they've achieved a great geopolitical victory for the people of ukraine there are no jobs to be hard here there's only going to be job losses there is no economic growth to be hard by suddenly having western european good job at no cost to your marketplace this is a disaster it's a very very tragic day for the people of ukraine who want to improve their economic

european parliament. >> in the last hour german chancellor angela merkel voiced her support for jean claude. >> translator: i think the decision for jean claude is a decision that will allow us to have a commission president who has european experience. as he outlined to us over the past few days and who is willing also to accommodate the wishes. individual member states just as the wishes of the european parliament. >>> now, russia is warning off serious consequences after ukraine's new president signed a trade and economic agreement with the european agreement. petro poroshenko says it may be the most important day for ukraine since the did he sent greg of the soviet union. moldova and georgia also signed similar agreements. paul brennan reports from donetsk in eastern ukraine. >> reporter: it came down to a simple flourish of a pen, a signature on a page. but this association agreement will fundamentally alter the economic prospects of millions of people. getting to this point has cost hundreds of lives and severely strained diplomatic ties. it has brought ukraine to the brink of civil war. president poroshenko said his country had paid the highest possible price to make her dreams come true.