another city in celebration mode is amsterdam it won the right to host the european medicines authority. the e.u. and they currently employ some nine hundred people but estimates suggest that twenty percent of positions could be cost as a result of the move from london. u.k. banks and london based e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. there's a lot of thought poured into the practicality of a product before it can be made the process is called design thinking the platinum institute of design thinking is now bringing its role the european approach to the discipline in south africa. it might look like something you'd find in a preschool but these toy boxes are actually part of the school of design thinking in cape town. today twenty post grad students are embarking on a three month long foundation course. the concept of design thinking was developed by industrial designers in the one nine hundred sixty s. with one core principle putting the needs of others first program manager can you we

brahman is to tell the house how manyjobs have been lost this week with the departure of the european medicines authorityondon? we are seeing those particular two agencies leave the united kingdom and go elsewhere in the eu. when he talks about the number ofjobs being created we have seen under this government 3 millionjobs being created. that is a record i would've thought he would be willing to welcome. you're watching wednesday in parliament, with me, alicia mccarthy. the uk could be facing an "epidemic" of opiod abuse. that was the warning from an mp following thousands of deaths in the united states linked to the synthetic opiod, fentanyl, a painkiller many times stronger then heroin. the threat was raised in a debate in westminster hall. the epidemic of drug overdoses in america is killing people at almost double the rate of both firearm and motor vehicle related deaths. between 1999 and 2015 it is estimated that fentanyl and those type of derivatives have killed approximately 300,000 people in the us during that time. these numbers are of virtual biblical proportions. my concerns are... somewhat w

and the other city in celebration mode is amsterdam it won the right to host the european medicines authority. the and they currently employ some nine hundred people but estimates suggest that twenty percent of positions could because as a result of the move from london. u.k. banks and london based e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. unemployment continues to be a major problem around the world especially for people between the ages of fifteen and twenty four the latest report by the international labor organization estimates that more than seventy million young people are jobless this year that's an unemployment rate of over thirteen percent global youth unemployment peaked after the financial crisis in two thousand and nine and exceeded seventy five million but dropped steadily in subsequent years until began creeping up again as you can see towards the end the ilo says that it could hit seventy one million next year although europe as a whole is not suffering too badly young people in so

amsterdam will be home to the european medicines authority and paris will host the european banking authority. both votes were so tight that authorities had to decide the final results by random draw from a mifish bowl. >> we have had a lot of political issues discussed already, brexit, the uncertain german election, and what happens in germany whether we are facing fresh elections wouldn't that be a conundrum as we have 2018 down for the italians >> and more companying moving out companies moving out of londoncs >> you can e-mail us and you can tweet us directly. >>> coming up on the show, more on the doj's big challenge to the at&t-time warner deal. i just saved thousands on my loan at lendingtree.com. in less than a minute, i found out how much home i can afford. i like how you shop for loans the same way you shop for flights online. i didn't realize at lendingtree you can save money on almost any sort of loan. i consolidated my credit card debt with a personal loan. i found a new credit card with 0% interest for 15 months. you just shop, compare, and save. and it's all free. go to lending

the european medicines agency and european banking authority currently reside in london — which willnger be part of the eu from the end of march 2019. the 27 member states will vote later on which cities will become their new homes. joe lynam has more. iam hoping i am hoping to be able to speak to him injusta i am hoping to be able to speak to him injust a moment. i am hoping to be able to speak to him injusta moment. he i am hoping to be able to speak to him injust a moment. he is i am hoping to be able to speak to him injusta moment. he isjoining us him injusta moment. he isjoining us from brussels. here he is. peter, good to see you. let's start with the situation in the brexit negotiations in germany. your thoughts on the outcome of the coalition talks? they are collapsing and as we have been hearing earlier, there is a real concern about what there is a real concern about what the outlook is for germany. indeed, it looks like germany isn't as solid as what it looks like in terms of politics and of course the key reason for that is angela merkel‘s decision in 2015 which has unlea

of these agencies that run as frank for the european banking all authority for the european medicines agency the british authorities may try their best to poach the best talent to work. but there are some concerns that some of these employees may leave before the city in two years time undermining any hope of a possible smooth transition. china says both me and maher and bangladesh back its three point plan to resolve the range of crisis fire a cease fire repatriation and poverty alleviation proposal came as near mars leader and some sushi has to do summit for diplomats from fifty one mostly european and asian countries a country has been accused of violently forcing out six hundred thousand range of muslims since late august with a military crackdown south korea's spy agency says the north koreans may carry out more missile tests this year to ramp up the threat against the united states south korea says it has evidence or it has detected signs that missile engines are being tested tensions between north korea and the united states of escalated in recent months with both sides making

the other agency is much bigger, the european medicines authority, which coordinates the approval andng of new medicines across the eu and 900 staff there will be moving from london to amsterdam. interestingly that came down to a tie between milan and italy —— milan in italy and amsterdam and it had to be decided by the drawing of lots and it will take a considerable amount of staff and with it the drug companies who have large conferences and 40,000 hotel rooms a year are books by that agency. those will all be going to amsterdam and it is aside that the eu side is progressing preparations for brexit. michel barnier is sitting here and looking at the uk still deciding what it wants to do about paying the bills as it leaves. the stories we are hearing of a possible 40 billion euros. are you hearing anything more on that? when will we know? how will it go down? there has been a meeting this afternoon in downing street the senior cabinet ministers and theresa may and we understand that they were discussing exactly what they are going to do to progress to that next stage. will they in pr

the european medicines agency and european banking authority currently reside in london — which willof march 2019. the 27 member states will vote later on which cities will become their new homes. joe lynam has more. this is canary wharf in london's east end. it's home to some of the biggest banks in the world, but also to two very important eu agencies, the european banking authority in the big tower, with almost 200 staff, is here. but also here, with almost 900 staff, is the european medicines agency. thanks to brexit, they are both moving out. today, they will find out where they are moving to. and two dozen european cities have been scrambling to host these prestigious agencies. that's because their staff are very well paid and wherever they go, they bring thousands more jobs as companies want to be near their regulators, be they banks or pharmaceutical giants. 19 european cities have bid to host the european medicines agency, which decides on whether drugs can be sold in the eu. eight cities have bid to host the european banking authority, which monitors the health of the eu's

the european banking authority and the european medicine agency, both leaving london. 1000 skilled jobsrdam. what it tells us, which is slightly sad, especially for remainders like myself, is that it is becoming a ha rd myself, is that it is becoming a hard reality now, brexit. —— remainers. we still hold out hope, but serious things are occurring 110w. but serious things are occurring now. those hopes that we perhaps foolishly hold that maybe this process will end, it is beginning to look very, very unlikely. right, you know a bit about the city. bitcoin. eu have any? no, but funnily enough, a former girlfriend called me up a couple of weeks ago and asked if she should invest? i told couple of weeks ago and asked if she should invest? itold her couple of weeks ago and asked if she should invest? i told her not to do it. well, business and cider. the coin atan it. well, business and cider. the coin at an all—time high... it. well, business and cider. the coin at an all-time high... yet another bad decision, i'm sure she will be ringing me up and telling you what immediate i am. the thin

another city in celebration mode is amsterdam it won the right to host the european medicines authority. the e.u. and they currently employ some nine hundred people but estimates suggest that twenty percent of positions could be cost as a result of the move from london. u.k. banks and london based e.u. institutions. the twenty seven remaining member states are ready carving up the spoils of britain's departure from the european union. now something i'll keep in mind when i'm shopping for my favorite pair of shoes the european union is to end on line territorial restrictions known as jewel blocking by the end of twenty. eighteen geo blocking prevents consumers from a shopping on websites based in a different e.u. country is part of the union's push towards a digital single market under the new rules websites must not discriminate between customers from different e.u. states the online sale of services or goods that will help stimulate competition within the european union and encourage cross border train. coming up with a good design isn't as simple as turning a rough sketch into reality

both the european medicines agency and the european banking authority used to be based in london.s a direct consequence and first visible result of brexit. let's talk to professor amelia hadfield, director of the centre for european studies at canterbury christ church university. good to have you with us. what you make of this decision?” good to have you with us. what you make of this decision? i think the commission is right. it is the very first step and think that we're going to see about brexit. it is a sign that things are actually happening. that brussels is very much getting its ducks in a row. four people in britain who were perhaps a little bit unaware of the step changes, this might come as a bit of a shock if they had not been aware of it. the european medicines agency has been here since 1995 and employs 900 people or even more. it is based on canary wharf. the european banking authority was set up european banking authority was set up in the wake of the eurozone crisis in 2011. it employs about 150 people also in canary wharf. two major european agencies now being plu

the european banking authority is heading to paris meanwhile european medicines agency is going to amsterdam the farka as more. it isn't meant to happen until the end of march two thousand and nineteen but its effects are already starting to be felt plans are on the way to see the departure of two of the e.u.'s biggest and most important agencies the european medicines agency base and they said go leaning the skyscraper and the european banking or authority only a few hundred meters away from here in an equally shiny building these organizations receive tens of millions of dollars in funding they employ together more than a thousand people they're highly paid highly skilled and many of them are somewhat reluctant to leave this prestigious location when it comes to the e m a it also attracts thirty six thousand experts and specialists a year who attend hundreds of different conferences that's a huge money spinner for the surrounding area think of all the hotels and restaurant bills that come with those kind of events the irony is that the u.k. may have to pay for the departure of the european

the european banking authority will now be housed in paris, the european medicines agency will be movedn no longer has control or involvement in either of these insitutions. as our business editor helen thomas reports, the shift will also mean britain has to find a whole new system of licensing and approving which medicines can be used here in the uk and how quickly they can become available. a convoluted voting system, a bit of horse trading between countries and a slightly uncertain reward. it has been described as the business version of the eurovision song contest, but the european medicines agency and the european banking authority now have a new home. after 19 submissions, three rounds of voting and a virtual dead heat, the ems will leave london for amsterdam, the bank regulators are headed for paris. the ema was seen as the bigger prize. this is a therapy unit at guy's hospital, regulators can mean a cluster of expertise and scientific know—how that could ultimately attract businesses to the successful city. from the uk's point of view we are talking about maybe 900 jobs at the m

will be relocated after brexit. 19 cities are bidding for the european medicines agency, while eight want to host the european banking authority work for the two agencies. our business correspondent theo leggett has the details. london's canary london's ca nary wharf london's canary wharf is home to some of the worlds biggest banks and two prestigious eu agencies, the uk banking authority which monitors the health of the region ‘s biggest banks and the european medicines agency which supervises drugs used on humans and animals. but now we are leaving the eu, both organisations will have to move and today they will find out where they are going. two dozen cities are scrambling to host them. the european commission says the agencies employ about 1100 people, many well—paid, but they also attract many business visitors for meetings, conferences and expert panels. between them they book about 40,000 hotel rooms per year. the uk will lose 1100 good jobs of regulators who spend money in the capital but there is more to it than that. having a regulator creates a halo effect because lots of american and japanese businesses set up shop

officials are set to vote on the new location for the headquarters of the european medicines agency and the european banking authority multiple cities hope to host it. athens, milan, and a.m.ster dan are some of the cities they'll decide where the european banking authority will relocate cities that could get the eba are franklin, dublin they say the european medicines agency, they would rather quit than move to any of these cities that is quite a statement. these cities are not all that bad. >> madrid? >> the food. >> i know. totally. speaking of brexit, the brexit divorce bill is expected to be top of the agenda when u.k. prime minister theresa may chairs a cabinet meeting there's speculation they could be preparing to toss out its divorce offer. the u.k. chancellor is expected to set up plans to tackle brittain's housing crisis when he delivers his autumn budget later this week. information leaked to the media says he's going to increase the government's home building targets. in an interview with the bbc, the chancellor confirmed that it's among the conservative government's top priorities. >> it's not acceptable

voting, we have selected amsterdam to be the new seat of the european medicines agency and paris will be the new seat of the european banking authorityand the chief negotiator, michel barnier, clear the uk and the city can't have all the benefits of the single market, but... if we manage to negotiate an orderly withdrawal, there is every reason for our future partnership to be ambitious. this is our preferred option. what was agreed tonight is a long way from a detailed blueprint for brexit. but ministers did accept that theresa may can put hypothetical extra billions on the table, only if, though, the eu agrees to talk trade and about transition. the mood around the table, the government will move, but not on its own. tonight's decision should, number 10 hopes, get the negotiations shifting. but it is notjust events here which will determine if there will be a deal, or we will walk away. laura kuenssberg, bbc news, westminster. the electoral commission has re—opened an investigation into vote leave‘s eu referendum spending. the campaign paid £625,000 to clear bills allegedly run up by university student darren grimes with a digital

s biggest and most important agencies the european medicines agency base and they said go leaning the skyscraper and the european banking or authority only a few hundred meters away from here in an equally shiny building these organizations receive tens of millions of dollars an e.u. from they they employ together more than a thousand people they're highly paid highly skilled and many of them are somewhat reluctant to leave this prestigious location when it comes to the e m a it also attracts thirty six thousand experts and specialists a year who attend hundreds of different conferences that's a huge money spinner for the surrounding area think of all the hotels and restaurant bills that come with those kind of events the irony is that the u.k. may have to pay for the departure of the european medicines agency because of a lack of or break coolers in the rental of this skyscraper. the coast of departure around seven hundred million dollars well a competition among states is now on to find a replacement home for both of these agencies that are clear front runners for the european banking or thirty for the european medicines agency th

minister tell the house how manyjobs have been lost this week with the departure of the european medicines authoritykingdom and go elsewhere in the european union that when he talks about the number ofjobs being created we have seen under this government 3 millionjobs created we have seen under this government 3 million jobs created. that is a record i would have thought even he would welcome. of course, the prime minister refused to answer the question. let me tell her, so she is aware of the cost of the hard tory brexit, losing the ema and eba means losing over 1000 jobs and the bank of england have told us the city will lose 75,000 jobs, jobs are already gone and jobs are going, brexit is already biting. will the prime minister recognise that exiting the eu is losing jobs and centres of excellence from the united kingdom? i recognise that those agencies are leaving the united kingdom but the right honourable gentleman talks about numbers of jobs right honourable gentleman talks about numbers ofjobs lost. since the conservatives came into government, 3 millionjobs, 3 million more people in work, 3

chosen as the new headquarters for the european banking authority from london after the uk leads the eu. earlier amsterdam was voted the new base for the european medicines agency. we can speak to our correspondent in brussels. talk is through the significance of these decisions tonight. they are significant because these are the two eu bodies, organisations, that have headquarters in london at the minute, which will move because of brexit ahead of the uk's withdrawal from the eu. the eu countries want to sort this out because they want these agencies moved into eu nations ahead of brexit day. this has been a process they have been following. they had host, candidate cities bidding to host the agencies and the two decisions were taken this evening in brussels by a secret ballot process. it was like drawing the host city for the olympics or something. the medicines agency, around 900 staff, overseeing the approval of new medicine and health ca re approval of new medicine and health care in the eu, that will go to amsterdam. interestingly, that was chosen in the end by drawing lots, because it was a tie between milan and amsterdam. the banking authority is

decided in a drawer during a ministerial meeting in brussels the european banking authority even had to paris while the european medicines agency is being sent to and sudan has more. rights it isn't meant to happen until the end of two thousand and nineteen but it's effect already starting to be felt plums are on the way to see the punch of two of the e.u.'s biggest and most important agencies the european medicines agency base and they said go leaning the skyscraper and the european banking or authority only a few hundred meters away from here and it equally shiny building these organizations receive tens of millions of dollars in funding they employ together more than a thousand people they're highly paid highly skilled and many of them are somewhat reluctant to leave this prestigious location when it comes to the e m a it also attracts thirty six thousand experts and specialists a year who attend hundreds of different conferences that's a huge money spinner for the surrounding area think of all the hotels and restaurant bills that come with those kind of events the irony is that the u.k. may have to pay for the depart

the dutch capitol will be the new home for the european medicines agency while paris speed frank that the house the european banking authority and inking set reports. after heated battle with nearly two dozen cities vying for the spoils of brexit. amsterdam has won the right to host the european union's mets in agency in the final result was decided by ththe luck of the draw. following a tie between the dutch capitol and milan. we are delighted. thatat in the end it was a it was very tight. that he was nerve wrecking t to be honest. but in the end that's a bbc became the new seat. of for him i. yeah main now has lessened seventeen months to complete the move. the institution had been based in london since nineteen ninety five. around nine hundred jobs with the fortune with the agency. setup to harmonize the work of existing regulatory bodies it evaluates and monitors medicines for humans invention or use. the second vote of the evevening was another nail biting finisish. paris speak dublin to become the next host of the european union banking agency. an institution setup to maintain financial stability within the eu. i'm all

voting, we have selected amsterdam to be the new seat of the european medicines agency and paris will be the new seat of the european banking authorityator, michel barnier, was clear that the uk and the city can't have all the benefits of the single market, but... if we manage to negotiate, there is every reason for our future partnership to be ambitious. this is out partnership to be ambitious. this is our preferred option. what was agreed tonight is a long way from a detailed blueprint for brexit. but ministers did accept that theresa may can put hypothetical extreme billions on the table, only if, though, the eu agrees to talk trade and about transition. the mood around the table — the government will move, but not on its own. tonight's decision should, hopes no 10, yet the negotiations shifting. but it is notjust events here which will determine if there will be a deal, or we will walk away. laura kuenssberg, bbc news, westminster. one of the strongest voices on the terms of any brexit deal is that of chancellor merkel of germany. but her future as chancellor has been put in doubt by the unexpected collapse of talks to form a coa

biggest and most important agencies the european medicines agency base and they say the skyscraper and the european banking or authority only a few hundred metres away from here and it equally shiny building. received tens of millions of dollars in funding they employ together more than a thousand people they're highly paid highly skilled and many of them are somewhat reluctant to leave this. location when it comes to the a.m.a. it also attracts thirty six thousand specialists a year who attend hundreds of different conferences that's a huge money spinner for the surrounding area think of all the hotels and restaurant bills that come with those kind of events the irony is that the u.k. may have to pay for the departure of the european medicines agency because of a lack of coolers in the rental of the skyscraper. at the coast of around seven hundred million dollars the british authorities say. the best talent to work. with there are some concerns that some of these employees may leave. in two years' time undermining any hope of a possible smooth transition. germany faces a new round of elections after a coalition govern

to host the european medicines agency with almost nine hundred employees financial hubs frankfurt dublin luxembourg paris and vienna are among those bidding for the european banking authority with its one hundred eighty workers those institutions also attract plenty of other jobs and money so their host cities organizing hundreds of conferences and events with experts from around the world together they book thirty nine thousand hotel rooms in london each year just to give you an idea no candidate cities will find out later today if their bid was successful as britain's vote to leave the e.u. will see many foreign citizens leave the country demand for english lessons has plummeted hitting those whose business it is to get people talking. that sound marks the start of classes that ox field language school in north west london but nowadays several seats remain empty this school is experiencing hard times it's lost a third of its students since britain voted to leave the e.u. in twenty sixteen fields english classes used to be filled with students from spain and italy but the brics it vote has made many europeans no longer feel welcome in the u.k. . that they feel like. there

will be relocated after brexit. 19 cities are bidding for the european medicines agency, while eight want to host the european banking authority's biggest banks and two prestigious eu agencies — the european banking authority, which monitors the health of the region's biggest banks, and the european medicines agency, which supervises drugs used on both humans and animals. but now we're leaving the eu, both organisations will have to move and today they'll find out where they are going. two dozen cities are scrambling to host them. the european commission says the two agencies employ about 1100 people, many of them are well—paid, but they also attract many business visitors for meetings, conferences and expert panels, who between them book about 40,000 hotel rooms per year. the uk will lose 1100 good jobs of regulators who spend money in the capital but there is more to it than that. having a regulator creates a halo effect because lots of american and japanese businesses set up shop in london because they want their staff to be close to the regulator so they can help shape its decisions, get their products under their noses. i

to host the european medicines agency with almost nine hundred employees financial hubs frankfurt dublin luxembourg paris and vienna are among those bidding for the european banking authority with its one hundred eighty workers both institutions also attract plenty of other jobs and money to their host cities organizing hundreds of conferences and events with experts from around the world together they book thirty nine thousand hotel rooms in london each year just to give you an idea not candidate cities we'll find out later today if their bid was successful and of course we will tell you who came out on top. three u.s. citizens are facing new travel restrictions to cuba this months as the trump administration adopts a more hawkish stance on opening up to the communist southern neighbor travelers will now only be allowed to move around in groups and the hotels they can stay in are being restricted to new policies are a blow to cuba's fledgling tourism sector which was gearing up for a bonanza from the yankee dollar. vented american cars from the nine hundred fifty s. a common sight on the streets of havana they inspired in this together to come up with a new idea harley's

countries have applied to be the new home of the european medicines agency and eight have submitted applications to house the european banking authorityr talks on a new coalition government fell apart. eight weeks of negotiations following september's general election collapsed when a smaller party pulled out, leaving the future of the chancellor, angela merkel, in doubt. she will now hold crisis talks with the german president, who could call a new election. andrew plant reports. after three terms in office, angela merkel‘s hopes of staying in power rest on forming a coalition. an election in september left mrs merkel without a majority with some voters angered by germany's liberal policy towards refugees. translation: this is the day, at the very least, of deep thought about how things will proceed in germany. but i wish to tell you this, i, as chancellor, as acting chancellor, will do everything to ensure that this country is led well through these difficult weeks. to form a stable government, she needed to reach agreement with the free democrats and the greens. it would span from left to right on germany's political spectrum. but

netherlands have won the contest to host european union agencies, the first political victory in the battle for brexit spoils. the banking authority will move to paris. the medicinerelocate to amsterdam by the time britain departs in march 2019. the two cities emerge victorious after a series of secret ballots by eu governments in brussels. transcanada has won approval to build the keystone xl oil pipeline across the state of nebraska. approved anicials alternative route they could be challenged by environmentalists and land owners. moody's says it does not provide certainty for the project completion. of the 1900tion kilometer pipeline has been on the drawing board since 2008. that is your business flash. we have already been discussing the story a little bit. fencey saudis looking to in assets in case the authorities widen the crackdown on corruption. several families and businessmen who are not implicated in the purge are looking at options, including splitting holdings between more than one company. our middle east economics and politics team leader joins us now. that me put you on the spot. what is the point of trying to ring fence assets in a kingdom with c

european agencies. the eu's banking authority will move to paris and the medicines regulator will move to amsterdam by marchf 2019. the two cities emerged victorious after a series of secret ballots. nestle is amongst the company's exploring a purchase of hains celestial group. the food you want -- the switzerland-based company has a market value of more than $42 billion. representatives for hains celest ial did not immediately respond to requests for comments. after earlier forecasting it decline. that is after the collapse of rivals removed excess capacity in some of its biggest markets. the budget airline says pretax , held down by% the weaker pound. paschi has come out. ryanair has taken some capacity out as well. we have benefited from air berlin. so, it's all very good news for easyjet. we have come in at the top end of guidance this year and the forward outlook is good. sebastian: that is the bloomberg business flash. francine: philip hammond is the parent to develop one of the most could go budgets in recent times. the chancellor is under pressure to curb spending when he outlines the plans tomorrow