is not today, the european commission also confirmed a 500 million euro tranche from the european investment bank, let's listen to the video investment , the european investment bank allocated 500 million euros in ukraine, this is part of the bank 's package of emergency measures of solidarity with ukraine in the amount of 1 billion 590 million euros, that is, additional tranches will follow, this will have a real impact, the money is provided to ukraine to finance immediate needs and repair key road and railway infrastructure that was damaged by russian attacks. so 5 billion of macrofin should arrive sometime in october, at least that is what they hope in kyiv and in brussels itself, they say that the tranche from the bank will also be available in the near future olya thank you bbc correspondent hryhoriy zhigalov, the russian military shelled kryvyi rih for the second time during the day, the head of the military administration, oleksandr vilkul, reported that an industrial enterprise was hit with destruction, serious, detailed consequences are being clarified in advance, without casualties, vi

the other conversation that i just recently had with the european investment bank and also with the european central bank is how can may help, how can we, in, i enable short term loans. that actually could probably address some of the city level disruptions, transport, poverty, and energy poverty. the consumers are going to see whether it be in buildings or whether it be in the transport system. so we have a lot of tools in the tool box and my key council to the european commission. and actually president vander lion just this week has been do not backtrack. now it is the dis, functionality of the markets that we show very clearly in our book or for all her survival guide for humanity. this dependency on too many short term suppliers which will get us in a future long term mess. and so we need to think about how we properly invest and give the signals to investors to continue to move towards renewables. and demand side management efficiency measures are the one your thoughts on this as well. but i want to go to amendment and as mayor 1st, what's your reactions about? well, i also think that

announced the allocation of an additional tranche of 1.4 billion dollars to ukraine, the european investment bank also decided to allocate 500 million euros to our country by the end of the year, we expect another 3 billion euros from the eu, as well as support of the usa in the amount of four and a half billion dollars, the government created a draft of the 2023 state budget for wartime conditions, the budget for 2023 will be a record deficit, its expenses will exceed revenues twice, the average monthly salary will reach 18 and a half thousands of hryvnias, castle rognozom, the exchange rate of the national currency will be 42 hryvnias per dollar at the beginning of the year, and at the end it will weaken to 50 hryvnias per dollar, but inflation will intensify, consumer prices are expected to rise by almost a third, we are talking about the financial capacity of local self-government with oleksandr slobozhan, executive director of the association of cities of ukraine, mr. oleksandr, my greetings to you. congratulations , oleksandr. well, it is obvious that the state has already started the budge

european investment bank president.f we do stick by ukraine, that will create more energy turmoil within europe. do you anticipate a true nationalization? >> there might be more of it. there will be high-energy prices passed on to the consumer's. it is something that we will see for a wild. this means that we need to continue in europe and in the world, otherwise we leave a weapon in the hand. >> he is going to be meeting with the authorities in abu dhabi. is europe investing in alternative sources? should those be going elsewhere? >> we need to stay the course on decarbonization. it means reducing demand. that requires a stronger focus on innovation and climate. they take it as an excuse to move other climate objectives. >> in the meantime, none of that can be solved overnight, so how do you deal with this? >> i think this is a delicate situation. we will see them depending on the situation. i think they are well on track to mitigate the situation and reduce demand. these are transition measures. long-term measures nee

thank again our colleagues from the european commission that recently together with the european e-e investment bank, a corresponding program was approved and we will be able to repair the most important bridges, the most important sections of the railway, restore them now during the war, the scale of the destruction and what you have today priorities, if you can name billions of dollars, there are 95, there are 78 or 80, residential infrastructure is approximately 40-50 billion and further, transport facilities, infrastructure, and there everything is included here, there are roads and an airport and a railway and ports - this is a lot, now a little more about those the programs that you have with the international community, in particular, i should have learned how powerful ukraine is in e -products and e-e and provided to the world e-e agricultural products, how in general do you see how effectively the program works, what is the agreement and according to which the agreement with the world program was signed, but in fact, before the signing of the e-e grain initiative, we had already started to

investment bank in three. this is bloomberg. ♪ tom: happy thursday, welcome back. 53 minutes into the european trading day. losses at the start of the session, the benchmark down .5%. u.s. futures turning positive, s&p mini's -- after the dot plot pointing to a terminal rate of 4.6% next year. we also have the swiss national bank with a jumbo hike of 75 basis points. one of its biggest lenders, credit suisse, is considering plans to resurrect a bad bank to hold risky assets as it seeks turnaround from losses and scandal. according to ft, the investment bank could be divided into three parts. joining us is bloomberg swiss banking reporter, what we know about these plans? >> it is still unclear but it would be divided into three different parts. the advisory business would remain, which is a strength for credit suisse. but they would also separate the risky assets which the ft qualifies as the "bad bank" and the rest of the business would be divided into a third category. and as we have reported before, they have kicked off the sale of the securitized products business, which is very profitable business for

european markets. i expect consolidation will happen over the medium and long term. alix: let's focus on the investment bankingld. there is a lot of change happening with the headlines from credit suisse today coming in fast and furious. i surprised at how fast the landscape is moving. -- are you surprised at how fast the landscape is moving? cary: in some sense i think people in the industry would argue some level of consolidation or exiting should have occurred across this earlier. so i take the opposite view. some of the changes we are seeing our long time coming. >> that's from someone who themselves worked at credit suisse what about the talent side of things. are the banks kind of overweight right now given the market is dropped off as much as it has. i'm sure a lot of bankers are worried about this. cary: from our perspective, my perspective, there's always incomplete parts of the business that you can enhance or there are growth areas you want to invest in. we clearly look at this as an opportunity to obtain talent that might not be obtainable other than once in a generation. this is a good time to inv

european trading day. credit suisse now down 6%, the bank denies a reported u.s. exit but there have been so many rumors about splitting the investment bank in three to raise capital. the other story, the mini-budget in the u.k. and the third story is the air in rome, not too bad, as we go to the polls this weekend. we are back to talk italy with the chief investment officer of equities and multi-asset at m&g. fabiana, when you look at the concern on italy, we don't 100 percent no but giorgia meloni likely to become the next prime minister, she keeps trying to reassure that she is not the euro skeptic she used to be and that she will stick to the rules to get the recovery fund. fabiana: you have seen meloni with a conciliatory tone towards the eu. let's not forget, they want the recovery money, they tried to be more pro-eu. it gave the government problems in 2018. pre-elections that looks fine, and the btp's spread has not gone anywhere close to the level of 300 points back in 2018. but what happens after the elections? this is a coalition with strong egos, with heads of parties that have different opinions. what the impact is going

european hydrogen bank. ha. again, this will help should guarantee not time on the earth. so the, for the supply of hydrogen using money from the innovation fund or will be able to invest 3000000000 urine. so we're here to help to construction a future hydrogen market. can use that on the advantage or no media is how we will build the economy of the future very poorly. that is the green deal in a little to see or could be that mean one of the last few months that we've all seen to what extent the green deal is important to me that the summer 2022 will remain in people's members. really review, assess, we've all seen the dried up rivers, the burning forest, extreme heat. yeah. through graph. and the situation is much worse than what we can see. the glass here is i. on saturday, the close out the alpine glass years have been an emergency reserved for rivers like the rhone and the rhyme. plaster for berkeley vitale. europe's glasses of melting faster than expected. future drought will be much more serious. a ladder that we have to work tirelessly to a debt not to climate change and to make nature, our 1st ally not to in your post up up when i called them. and that's why our union wi

european countries, they went to my money in the czech republic from all banks. they left for the czech republic in the city of prague andrey tatishchev is one of those who demanded return investment. as a result, he lost out of his 3 million and health. yes, they got to lifasovsky. you hit. i am specifically a person who, after some time, fell out of the eleventh floor for several years phineas under various names i worked in moscow and then suddenly the company closed, leaving behind deceived investors. now they write complaints and unsuccessfully try to return the money. among them. even the former colonel of the ministry of internal affairs himself caught criminals all his life. and now these colleagues of mine have no idea who i have a relationship with. they to me ask. and what is this smart one? you are such a theoretician who gave away this money, perhaps people were really naive, but this does not give the right to deceive them. should a first-class surgeon understand anything in finance, yes, he should not, so he believes what a high-ranking financier tells him on tv, and a high-ranking financier is actually a provocateur to this, and the surgeon says that he should save

cold and analysts of one of the largest investment banks in the world goldman sax predict an expensive winter, according to their calculations, next year, europeans for business too the german paper industry is talking about the dire consequences of a sharp rise in raw material prices, and one of the country's largest producers of toilet paper has declared bankruptcy. but the minister of economics, robert habik, prefers to juggle terminology instead of acknowledging the existence of a problem. customers make fewer purchases, but they don't automatically go bankrupt. they just stop selling. if i stop selling, i won't make any more money. then i have to file for bankruptcy. bankruptcy sets in two months later, when the company goes into the red more and more. you can't go negative. if you pay employees but don't sell anything. i do not understand, it may happen that some firms will not be able to generate income. and maybe later they will resume work. this is not classic bankruptcy. confused talking about energy and the press secretary of the white house. karen pierre, instead of the english name of the nord stream nord stream, pronounced the mark.

investment bank goldman sachs has calculated. how much russophobia costs europe next year, just hmm electricity at the expected price peak will cost two trillion euros. this is 15% of the total european is coming and cold. as you know , a wave of protest continues in the cities of germany. ordinary germans want gas through russian pipelines and do not want to help ukraine. but most of all, these rallies were not attended to. european leaders. and who would you think, kiev in the ukrainian foreign ministry already felt like europeans and demanded from the czech republic and germany to ban rallies there in support of russia and donbass. holding such actions under the tricolors of the aggressor state in the center of europe is sentiments in germany and the czech republic, we condemn the attempts of participants in pro-russian actions to justify the war of russia against ukraine and to read the dignity of ukrainians at the cost of their lives, defending freedom in europe and against this background, the words about european. solidarity seems to have become, in general, an empty phrase, the former president of the italian television and radio company marchellofa tried. remind european nei