he simply took max got greensill and the other board members — got greensill and the other board membersod health— members words at the company was in good health and then went on to willfully— good health and then went on to willfully lobby for hundreds of thousands of dollars to bail out this company. it very indeed. it accuses — this company. it very indeed. it accuses him of really not doing his 'ob accuses him of really not doing his job as _ accuses him of really not doing his job as an— accuses him of really not doing his job as an employee, senior employee of greensitt — job as an employee, senior employee of greensill. not good at all for david _ of greensill. not good at all for david cameron's reputation. we are auoin to david cameron's reputation. we are going to end — david cameron's reputation. we are going to end there. _ david cameron's reputation. we are going to end there. lots _ david cameron's reputation. we are going to end there. lots of - david cameron's reputation. we are going to end there. lots of other. going to end there. lots of other stories were going to co

was being paid by greensil ., ., , ., , greensill there are lots of reports about lots of _ greensillnsill there are lots of reports about lots of things. we put - greensill there are lots of reports about lots of things. we put that l about lots of things. we put that specific question to mr cameron when he appeared before us and he said it was a private matter and we were happy enough to leave it at that. whatever the figures were, it is fair to say that everybody, including himself, would accept that he had a significant interest in that business. that is a pertinent point. that business. that is a pertinent toint. ., , , that business. that is a pertinent oint. , ~ , �*, point. lastly, the prime minister's announcement _ point. lastly, the prime minister's announcement about _ point. lastly, the prime minister's announcement about vaccine - point. lastly, the prime minister's - announcement about vaccine passports for young people. they will have to be fully vaccinated in order to get into clubs or big events. will you support that when it comes to a vote in the commons or not? i

the finance company, which was owned by australia's lex greensill, collapsed in may due to financialsalary for his part—time advisory role. joining me now our asia business hub of singapore is katie silver. the plot thickens. it does indeed- — the plot thickens. it does indeed. so, _ the plot thickens. it does indeed. so, according - the plot thickens. it does indeed. so, according to| the plot thickens. it does i indeed. so, according to the financial times, when you say was a part—time advisory role, it was 25 days a year and for that, it works out to about $40,000 a day that david cameron was earning was not that makes him one of the highest paid employees of the company that it is more than double the amount that the head of the american division of greensill made and he was a anchor with 25 years experience will stop we also understand he got a number of shares but we are not sure how many. according to the ft, the role was about trying to secure government funds for the company was not to give you a little bit of a back story, mr cameron was accused of exploiting his private co

into the next greensill — all. -- confidence. into the next greensill affair, _ all. -- confidence.sinessman who seems to have had a remarkable degree of influence inside government, no one seems entirely clear how he was appointed, but he ended up employing a former minister who got his arbitration burned by lobbying on his behalf. he didn't break any rules, a committee said that was because the rules were too weak and aren't as good as they should be an effective enough. have we become a bit complacent about our model of government in this country? i think so, but it is interesting — we are in transition from the old model which was all about rules and unspoken conventions, and relying really on a club of people to keep those going, running a lot on trust. and we are in transition to a place where people have broken those rules, but also people are more sceptical that the public is more sceptical that the public is more scepticaljust because people say they are following rules that they are. so i think we are in transition to something that is more transparent and sceptical or que

the report has also criticised david cameron's lobbying on behalf of the greensill company.nt, an inquestjury has found. more than 50 people were injured when the tram tipped over and spun off the tracks in croydon in november 2016. the tram was travelling three times faster than the speed restriction. the families of those who died say justice has not been done and are calling for a new inquest. the opening ceremony for the olympic games is less than 2a hours away — but it's been marred by the sacking of the show�*s director. 0lympic officials say the ceremony should go ahead as planned — and team gb has announced who will be its flag bearers. 0ur sports correspondent natalie pirks is in tokyo. the japanese prime minister has indeed said the show will go on but he did condemned the director after footage emerged of the comedian making a joke about the holocaust in footage from one of his shows in the late 90s. he is one of three senior officials involved with the ceremony who has had to leave because of inappropriate comments in the past few months. in many ways if it does

with the government, and that david cameron could have been clearer about his connections with greensillying activities on behalf of mr greensill�*s now collapsed financial company. the report concluded that mr cameron did not breach current lobbying rules and his actions were not unlawful. the founder of the far—right english defence league, stephen yaxley—lennon, also known as tommy robinson, has been found guilty of libel and ordered to pay £100,000 in damages to a syrian schoolboy. in 2018, pictures of jamal hijazi being assaulted at his school were shared on social media. in his own videos, yaxley—lennon circulated unfounded claims that the schoolboy had provoked the attacks by threatening and beating other pupils. exeter university is offering prospective medical students £10,000 in cash and a year's free accommodation if they agree to defer their studies for a year. the university says it's been surprised by the number of students choosing exeter this year, and that a government cap on places means it can not take on more medical students. subpostmasters and postmistresses who wer

the inquiry also criticises david cameron's lobbying on behalf of greensill�*s company.here does the strongest criticism like? . ., . ., ., like? what the solicitor who led the review has concluded _ like? what the solicitor who led the review has concluded is that - review has concluded is that the criticisms that many have made bad crony capitalism, like you can get privileged access and a privileged few have a disproportionate access to decision—makers in government that the lobbying isn't transparent and the external organisations can exploit loopholes. the solicitor said all of those things are backed up said all of those things are backed up by the fact he has learnt after months of re—searching the greensill story. and lex greensill had a sometimes extraordinarily open access to government and it is about what he knew about david cameron. the question is, to what extent did lex greensill been friends of david cameron allow him access to government money that other businesses wouldn't have been able to get access to? so it is supporting a lot of the most trenchant

this is something we have discussed the greensill issue | discussed the greensill issue before, how doill. that's the threshold when you are making policy change are seeking to procure public services are how much is spent on your behalf, i do not know why we keep debating this, ijust want us to get on with reforming the current system and creating public confidence. the met office has issued a new extreme heat weather warning for the first time. the amber warning covers large parts of wales and southern and central england, and will be in place until thursday, when temperatures are expected to peak. however there are also thunderstorms due to develop this afternoon bringing torrential rain and frequent lightning to some parts of england — there are warnings that these may cause disruption to travel and power supplies. let's get more on this from chloe brimicombe, a phd heatwaves researcher at the university of reading. first of all, let's talk about the fundamentals and why this morning the first of its type from the met office. this is a really exciting step because it means the met

ft picks up on the outcome of an official review which has found that the disgraced financier lex greensillrily privileged" relationship with the government despite his ideas on supply chain finance providing no obvious benefit. so let's begin... penny, do you want to kick us out this evening? lovely to see you. let's start with the metro. do you think we should ping in the army? [30 think we should ping in the army? drr you know what? i'm quite glad that i'm not in government. it is extraordinarily difficult to sort all this out, nowhere to go with this. now that we know that they are going to be these 16 industries where you are going to be able to actually apply to have your exemptions i wonder if there is going to sort out some of this. but it is really difficult when you've got so many people. i mean, we've been talking about it all evening, the pingdemic. a ridiculous word as well, at pingdemic. it makes it sound almostjolly. well is in actual fact it's incredibly serious. we're notjust talking about, i know in the metro they're talking about food. but we are talking about everything.

the uk government wanted the decision over whether greensill capital could take part in an emergencyeme to be prioritised, a watchdog said. the department for business showed an unusual level of interest in the finance firm's accreditation, according to the national audit office. the government said there was no suggestion ministers or officials made efforts to influence the decision. two of the world's biggest airlines will trial fast—track lanes at heathrow airport for fully—vaccinated arrivals. under the scheme passengers from some countries will be able to upload their vaccination status before boarding. the trial by british airways and virgin atlantic comes as the aviation industry calls for quarantine—free travel to the uk from lower—risk amber list countries. germany is lifting the coronavirus travel ban on people from the uk and four other variant—hit countries from today. the restrictions also applied to people from portugal, russia, india and nepal. visitors who are fully vaccinated will also not be required to quarantine. non—vaccinated people will still be required to qua

operations have resumed at credit suisse in the wake of scandals involving archegos capital and greensillrs have left credit suisse since the collapse of the two firms that cost it more than $5 billion. brisbane has been selected to host the summer 2032 summer olympics -- the summer 2032 -- the 2032 summer olympics. the process was overhauled in 2019 to prevent bidding wars among cities. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ >> it's not just that we can go back into party mode and hope that this pandemic crisis is over. i think we will see diverging paths over the next 12 to 20 months. there will be some countries with great recovery rates. there will be others that struggle more. jonathan: that was the julius baer to ceo -- that was the julius baer ceo a little bit earlier. here's your price action this wednesday. equity futures positive five points, advancing a little more than 0.1%, just about holding onto this morning's gains. yields highe

can we put greensill and other issues behind them? absolutely. think they can catch up with european counterparts for sure. alix: perfect voice on a day like today. ben ritchie, thank you so much. want to keep you updated on these pfizer headlines that have been rolling out on the call. these are quite interesting. i mentioned earlier the chief science officer weighing protection against infection against mild disease -- infection and mild disease. i don't see any kind of timeframe for that, like it wanes after six months, etc., but they are seeing waning protection for mild disease infections and hospitalizations. they say a booster is likely needed. they just don't know if it is going to be annually. i will wrap this into the headline that crossed in the last hour. if you are in new york city, you get a vaccination shot, you get $100. ok. crazy that that is what we are down to. also, where is my $100? dani: i don't live in new york anymore, so i can't ask for it, but i kind of wonder, is it like mini stimulus? you go out and see a broadway show

bode well for the bank that has already lost $5 billion this year with the rk archegos saga and greensillstors will be looking for clues as to whether these defections are starting to flow through to the bottom line yet. we note that in dealmaking, they have been losing out on some as many dealmakers have left. they will be watching for any restructure of the bank and what that might look like. anna: our bloomberg finance reported giving us a heads up on what to watch out for from the european banks' reporting season. movement in the united states. european equity futures still firmly in the red. in u.s. futures, we are seeing a bit of turnaround. nasdaq futures turning positive. do we think this has any link to what is going on in china? mark: i am not sure it is a link. the basic argument is you cannot invest in the darling stories of the chinese recovery, the chinese big tech names. maybe then you pour your money into big tech names or crypto. i am worried that we will follow through. this is the week when we will have all of the reports. a lot of growth depends on the china story. tes