and because these italian bars were centered around italian espresso, the proposal was the authenticne initially, but then there had been kind of a pushback from the american consumer to that, let's say, high body, concentrated italian espresso, so cappuccino was the boom. cappuccino, latte. americans had a great, say, milk drinkers. so this espresso-based drinks became the success. francine: who is your biggest competitor? is starbucks a competitor, or do they have just a different offering? andrea: our job is to avoid any direct competition. so if we see somebody's coming in our turf, we try to move away. we have thousands of competitors or none. starbucks that you mentioned, not necessarily because they are really in a different business. they are retailers. their core business is really operating their own profit shops. -- coffee shops. the several thousands they have, tens of thousands they have all over the world. we are not in the same business. francine: so what is your business, high end? is it for restaurants? is it for bars? is it for consumption at home? andrea: the dream

markets and the italian economy?e contagion risk from turkey to italy are relatively small. italian banks have smaller disclosure to turkish banks and to the turkish market. however, the sentiment, the lack of trust in emerging markets is likely not going to help if we see another budget crisis in italy. it might reinforce the market reaction to such a budget crisis. shery: all of these worries just got accentuated because of everything that is happening in turkey. very difficult position turkey is in right now. if you cut spending, then you reduce economic growth, and then more currency devaluation. how do you get away from this move? >> well, we know for the past emerging-market debt crisis in the 1990's and 2000, the best way out of this loop is to hike interest rates are medically and, if that is not sufficient to stop the devaluation of your own currency, ask for a loan. the problem with the prime minister of turkey, he is very proud and has already put himself in a position where he said he would not ask for a

there were also questions around our possible italian role in the strange affair. and our start up it should be only date anti cause the sport. much. of the story of the. shoot all the pertinent use of it. this incident. report for. a year after the disappearance of. other and his two companions the libyan regime share details of its preliminary investigation to italian authorities italy contested the libyan account saying its conclusions were flawed to counter these charges the libyan regime produced employees who testified to the departure of the a man and his two companions from libya. al jazeera met former immigration officer abdurahman go away lawyer who was working in tripoli airport on the night the him and his two companions disappeared. we went with abdirahman whaler to his former workplace at the immigration office. it was here in december nine hundred seventy nine that he was then boss called omar kuwait or had ordered him to bear false witness who would your lady. of the america we had the lead. but. then the been. out of her. field yes sir most of the.

are the holders of italian bonds. system of those holders are italian banks. then we look at whether some of the overseas banks are holders of those italian bonds our understanding is that around half of italian bonds are owned by the private sector. >> jeffrey, stay with us thank you very much for some of your insight >>> coming up, air france shares sink after the french carrier appoints a new chief executive more on that story after this break. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now, i'll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america's largest gig-speed network. - anncr: as you grow older, -your brain natural

details of its preliminary investigation to italian authorities. italy contested the libyan account saying its conclusions were flawed to counter these charges the libyan regime produced employees who testified to the departure of the a man and his two companions from libya. al jazeera met former immigration officer abdurahman go away lawyer who was working in tripoli airport on the night the man and his two companions disappeared. we went with abdirahman go to his former workplace at the immigration office. it was here in december nine hundred seventy nine that he is then boss called omar kuwait or had ordered him to bear false witness what would your lady. get out of. the mayor. and then. we. feel your.

and the gap between booms and italian yields. climbed to the site this to the highest since 2013 p or gwen is going on? what is the fear with italy? iain: i think there's a couple of things going on. you have this general risk off -- thatt that is going is starting with emerging markets and it is feeding its way into asset classes. that is the first thing. second, there is a liquidity premium for a telling government bonds. you can't trade the size we were looking at earlier in the year. the most important of all, people are looking into september and looking at what the announcement will be around the fiscal side and how much additional spending the italians want to get out there. what is interesting is we are back to levels but you mentioned, the highest we have seen for a while. in april,ere we were may time when we got these concerns regarding italy. i think it feels like we are in a much better place from the mood we are hearing out of the italians. at the time, we were discussing a 7%, 8% deficit. about are talks euro break

those reports have been widely spread in the italian media.n the police bring in sniffer dogs to help with the search. the police have told us that the rescuers behind me there are still trying to lift up several large slabs of concrete under which they think several more vehicles may be trapped. they have also begun the process of identifying victims. they already have 19 people they know the identities of. there will be more as well. dozens of workers continue here. they will keep going until they are sure that no one else can be rescued. and then, of course, comes the reckoning. people in this neighbourhood, people in genoa, said they always worried about the safety of the bridge that used to span these roads. they worried about whether it would be able to withstand an earthquake. in the end, it didn't come down in a quake. the government will have to explain to the people and the residents why the structure which used to stand here came down in a summer storm. our other top story this hour: after five days of fighting, a major taliban assa

those reports have been widely spread in the italian media.e police bring in sniffer dogs to help with the search. the police have told us that the rescuers behind me there are still trying to lift up several large slabs of concrete under which they think several more vehicles may be trapped. they have also begun the process of identifying victims. they already have 19 people they know the identities of. there will be more as well. dozens of workers continue here. they will keep going until they are sure that no one else can be rescued. and then, of course, comes the reckoning. people in this neighbourhood, people in genoa, said they always worried about the safety of the bridge that used to span these roads. they worried about whether it would be able to withstand an earthquake. in the end, it didn't come down in a quake. the government will have to explain to the people and the residents why the structure which used to stand here came down in a summer storm. italian prime minister guiseppe conte addressed the media earlier. translation: from

a major rescue operation is underway in the italian city of jenin offer a busy road bridge collapsed reportedly killing thirty people a section of the bridge gave way as it was undergoing need to reinforced concrete and dozens of acres kid crashing down onto buildings and train lines below. this man film to the bridge as it collapsed the south after noon. about a one hundred meter stretch of it caved in bringing many cars forty five meters down with it. that the annoyer. as far as we know around thirty cars and trucks were driving on the part of the bridge when it fell through and that when that didn't get a little bit. several hundred emergency personnel are on the scene they're being supported by specialized mountain rescue teams and military forces there are conflicting reports about the number of deaths a number of people have also been critically injured the marandi bridge built in the one nine hundred sixty s. has been subject to a series of repairs over the years critics say possible structural weaknesses might have been to blame a landslide near one of the bridges supports ca

but you don't play italians. >> i never have played an italian.eem >> s like. >> that's what i mean. i went on an audition to play an italian cop. and the woman running the audition said, "you're not being italian enough." and i said i was italian. and i realized basically she wanted me to say, "shut up!" and it wasn't italian enough. "shut up!" and i didn't make the cup of cut. temoed to get sent in for s.co>> hphenchmen. i didn don. and i used to go in w'tith all e guys you see on "the sopranos," all the msisterhere. and i would to do theseeav auditions like, "you want me to whack them for you, tony?" and i was sitting there going i'm not going to get this part. there were 300-pound guys sitting out there and me, nerdy me. i think the murder trial is ready to go on. any of you guys interested in going to the old bailey with me. it never happened. >> stephen: you worked with the rock. >> yes, i have. >> stephen: you worked with the rock. >> yes. >> stephen: and you're about to work with the rock again. >> i just did. i just finished shoot expig p

italian politics is noisy. when has italian politics not been noisy?e have a near-term deadline approaching. the budget forecasts have to be finalized by the end of september. the italian budget law has to be passed by the middle of october. that means in the next six weeks we are going to get the peak of the negative news cycle. beyond that it is worth bearing in mind that in september have in btp'sturned a buyer because of the way it manages its capital. this is not going to change the long-term game plan for italian investments. given that foreign investors have been aggressive sellers of banks, we havean exhausted that speculative push against italy. look at the valuations. the most important thing for me over the summer was the issue of eu and euro membership was put to bed. italian polls show no populist support for any conversation. that means for italy to be trading where it is and the cherry on top of the cake is italy remains an idiosyncratic risk. it is a very different environment from what we had during the eurozone crisis. time, can somet

after seeing the collapsed bridge for himself italian prime minister two separate contests was somber. from what i have personally ascertained so far the number of dead will increase at this moment it's an incredible tragedy above all because there's not been an explosion or an accident but we're working on the hypothesis of a structural failure. and. this is the moment the tragedy struck. the bridge which had been undergoing repair work collapsing during a tarantula downpour. for now the focus is on the rescue but many italians are of course now asking how this could have happened and the tragedy sinks in who if anyone is responsible. and that's the right of journalists that she's in the italian capital of rome covering this story for us hi sima bring us up to date on the search for survivors. oh well it's continuing some thousand personnel whether it's firefighters ambulance workers as well as the police are working to try and deal with this situation if i might just looking for survivors be dealing with that issue very much like how they would deal with earthquakes here in italy so

debt well italian debt seems to be quite not so attractive i mean if you look at it you look at theg.d.p. to debt ratio it's about hundred ten debt to g.d.p. ratio it's about one hundred thirty percent and that means that it's very hard based on economic growth of one point five percent last year and projected again the same this year that it will be able to service its debt and so it attractiveness may not be that appealing to asian investors which is seeing quite a bit of growth as compared to european economy that's already maturing talking of growth i mean there's a lot of money around certainly since today with hong kong stocks seeing their biggest one day gain in six months what's triggered to that a jump. well those central banks in the old days it would guide the market more stable in the face of a stronger u.s. dollars and the ongoing trade war between washington and beijing the people with you had actually said that it's reviving account a cyclical factor in its daily fixing and that is actually risen strengthened the you are today and that was also sent the stock markets

there were also questions around a possible italian role in the strange affair. and our start up it should be only date anti cause the level of the sport he said. because of the story of the. libya trip all the pertinent issues of its security. mess this incident. for. a year after the disappearance of. other and his two companions the libyan regime share details of its preliminary investigation to italian authorities. italy contested the libyan account saying its conclusions were flawed to counter these charges the libyan regime produced employees who testified to the departure of the a man and his two companions from libya. al jazeera met former immigration officer abdurahman go away lawyer who was working in tripoli airport on the night the him and his two companions disappeared. we went with abdirahman go to his former work place at the immigration office. it was here in december nine hundred seventy nine that he is then boss called omar kuwait or had ordered him to bear false witness what would your lady be her. and then the bin. we. feel. for. you was certa

somaliland -- in italian somaliland. been violated. mussolini moved his army to the suez canal to attack the undefended army. ethiopian president haile selassie appeared before the united nations. i must still fight on until my tardy allies appear, and if they never, i say to you without bitterness, the west will perish . members of the league halfheartedly stopped trading with italy, but they failed the only thing that would stop any aggressor, force. ethiopia was left to herself. leaders came to pledge their allegiance. [foreign language spoken] witheople of ethiopia, their spears and bare hands, faced the guns and tanks at the invaders, fighting desperately and gallantly to save the country from conquest. [explosions] [bombs whistling] they fought and they died, but in the end there could be but one result. might triumphed. italy concord ethiopia. many of our elected leaders warned of the danger. war,thout a declaration of and without warning or justification of any kind, civilians including vast numbers of women and

trump offers to buy italian bonds. it is reported the president made the offer to conti where they met three weeks ago. how would that work? the fed's chairman speaks at jackson hole. will powell say he is worried about what is happening to the rest of the world economy? he speaks at 10:00 a.m. eastern time. matt? matt: that is something we are all going to be glued to, especially u.s. traders, since that is 3:00 p.m. london time and it is friday. most british bankers will be off for the weekend. less than half an hour from the european open. the start of stock trading. look at futures. a little mixed trade with ftse futures down, dax and cac futures up. treasuries, little movement there. i have my three-day chart up. looking at 2.826. right now, yields are coming down a little bit, but one basis point maybe. not much of a move there at all. there is soaround, much political news, but not so much market moving news is morning. abouteah, what you say british bankers is important. it is a national holiday monday. i imagi

details of its preliminary investigation to italian authorities. italy contested the libyan account saying its conclusions were flawed to counter these charges the libyan regime produced employees who testified to the departure of the a man and his two companions from libya. al jazeera met former immigration officer abdurahman go away lawyer who was working in tripoli airport on the night the man and his two companions disappeared. we went with abdirahman go to his former workplace at the immigration office. it was here in december nine hundred seventy nine that he is then boss called omar kuwait or had ordered him to bear false witness who would your laid. off and get out of. the american. what. and then the big. yes out of her we. feel your. limits a matter they condemn. for goodwill of a diplomat the best of luck to her there was never that. one has said and i'm only alice or her does that to be in the. middle. another libyan immigration officer who worked at the airport was also compelled by libyan security agents to testify that he had seen hi

there were also questions around a possible italian role in the strange affair. and our start up it should be only date anti cause the level of the sport he said. much. of the story of the. libya trip or the. security. mess this incident. for. a year after the disappearance of. other and his two companions the libyan regime details of its preliminary investigation to italian authorities. italy contested the libyan account saying its conclusions were flawed to counter these charges the libyan regime produced employees who testified to the departure of the a man and his two companions from libya. al jazeera met former immigration officer abdurahman go away lawyer who was working in tripoli airport on the night the him and his two companions disappeared. we went with abdirahman go to his former workplace at the immigration office. it was here in december nine hundred seventy nine that he is then boss called omar kuwait or had ordered him to bear false witness what would your lady be her. what and then been. out of her. field. for good i can look at that and they cou

business i want to get jones in berlin and we're starting with the italian economy minister giovanni korea who is currently in the chinese capital beijing and there he denied recent speculation in the italian media that the goal of his trip was to find new bios of four italian debt to sit in a chinese newspaper that the objective of the mission is to strengthen economic cooperation between the two countries italy's a populist government has promised to go on a spending spree next year they want to cut taxes and boost welfare without yet saying how they plan to rein in debt italy has the second largest debt load of all e.u. countries after greece. alright let's get the asian perspective on this particular issue crossing over now to linda hong a correspondent in singapore good to have you with us linda do you know of any investors in the region that would be interested in italian debt well italian debt seems to be quite not so attractive i mean if you look at it you look at the g.d.p. to debt ratio it's a far hundred thousand debt to g.d.p. ratio it's about one hundred thirty percent a

it's a very creative economy and the debt is in the pocket of the italian people for quite a lot but still we need to be very careful about the level of public debt one hundred thirty percent this has to be here really money to control and this is why we need twelve still sound public finances need to lead and we'll have to discuss with the italian government in the european semester the draft dodger to plan by october in a very serious way and i'm ready to do that that's a huge date coming up there but again let me repeat the question do you think that the current italian government is up to the task of preventing a catastrophe from happening in italy like in greece i know that. or are you telling governments they finally will find the way they will miles of through and the fact will be in the budget i cannot judge on programs i don't want to judge on words i want to judge on. the facts they can facts to give some gallants or comment on the bailout a success they allowed a six seventy twenty it doesn't sound like there's going to cuts and so if you want all these plant all these ban

josephine, ww have heard strong, provocative language coming from the italian government. language, actually, from the deputy prime ministtr, luigi di maio, threatening to withdraw the ititalian contribution to te aropeenen union, and putting fractiouu relationship etween italy and its europeannpartners. the hard-line, interiorrminister anand deputy prime ministerer, said he is not willing to give him. heesaid these migrants are ccmpletely illllegal. he threateneddto send them back to libya. we have had some stroog response from the president of the european parliamentt,,he italian anantonio om johnnn -- taglia. he says he hopes the threats are a joke, because it puts attrisk the funds disistributed from the european union tooitaly -- to the south italy for farmers for agricultural support, and for small businesses seeking loans. a great deal of concern coming countries are meeting in brussels right now to try to resolve this particular crisiss molly: let's turn our attention to the port in sicily where this ship is docked. what do we know about what is going on there? sti

it was an italian person just shouting "collapse!" "stay, stay!"t of took control at their end, got everybody off the bridge into the tunnel. then itjust seemed forever and we waited. some police appeared, we think they were on the bridge, we were close to the airport, wasn't it? and they came, but didn't speak english. everybody was translating for everybody. we had a lovely elderly belgian couple, they gave the children some dry clothes. they managed to grab a bag from their car. but there were people with pets in carriers, pregnant people. how many people were there? there must've been at least 60 stood at the entrance of the tunnel. do you know how far ahead of you the bridge collapsed? we think we were just after the bend, having seen the pictures on the tv since. it is maybe another 100 metres. we could see the green lorry. sort of hanging on the edge. so another 100 metres is a few seconds driving time. if we hadn't stopped before we entered the tunnel for a rest with the kids, yeah, that is a nightmare. i don't want to think about it. how d

one reason it might not be performing better, what's going on in the italian markets.ing at the individual markets in some of the european nations, you can see the ftse mib is down 1.75%, dragged down by atlantia one would imagine. the ftse 100 up almost 0.50% xetra dax up 0.42% the cac 40 in similar shape. looking at the sectors driving some of those numbers, basic resources is up 1% construction and material in the red. atlantia something to watch on that down 20% in the last few minutes. technology performing well today. >>> some of the numbers we've been watching today from corporates, carlsberg shares have risen after the company posted a strong set of numbers in the second quarter as it upped its full-year profit outlook. it's up nearly 3.7%. the danish brewer cited strong sales in russia during the world cup. the second quarter beer volumes rose 10% compared with a 11% decline in the first quarter carlsberg had been losing ground to rivals in russia which accounts for a fifth of its overall sales. we will later on today be talking to the ceo of carlsberg, that's

could it be an italian? draghi is clearly an italian. does that mean an italian could get this job?lians are losing a lot of big jobs in europe in the coming years. he have the president of the power movement stepping down, draghi himself, so italians are gearing up to name a post. the ecb post will be one they are interested in. there are a couple of good people from italy who could do the job, competent people that the market has trust in. ist we will be watching for whether people can focus on the candidate from italy and believe that they won't the subject to intense political lobbying by the government in italy. that is something which you have to be a strong character to withstand. mark: what about one of the current incumbents on the board? there are four seats, aren't there? does that lead us to who it would be? continuity is important. nicholas: absolutely, that would be a positive, someone who knows the workings of the place. itsany may want to keep power and go for the big job. she has ruled herself out in a race it -- in a recent newspaper. oni, the italian who sits on t

prime minister just said the continent want italians to prepare for the west we look. for more so i have personally ascertained so far the number of dead will increase at this moment it's an incredible tragedy because there wasn't an explosion or an accident but we are working on the hypothesis that this was a structural failure. this is the moment tragedy struck the witness only managing oh my god as a bridge collapsed. the full extent of the damage would soon be revealed about a one hundred meters stretch caved in. rescuers have been working round the clock since surgery struck the witness only managing oh my god as a bridge collapsed. the full extent of the damage would soon be revealed about a one hundred meters stretch caved in. rescuers have been working round the clock since searching every nook and cranny for any signs of life. i really think uncle were using all the resources available i repeat we hope to find more people alive as for the final numbers we'll update you later. each year we are more agile not. built in the one nine hundred sixty s. the more rand

looking at italian debt and taking the upside of that? be stepping in on emerging markets or currencies at this point? are you willing to nibble at some of these more risky areas? we need to put on one side the turkish which is politics andcome back to messages allowing for freedom from the central bank to lower the interest rate and a country where the inflation rate is above 15% and rising. that is a political decision. and to we have that message, we should be careful. , a few months ago, you had a huge rise of emerging assets from equities to bonds and currencies. taking with a rising dollar environment. when well be a time need the u.s. dollar to stop rising before we make that call. it is coherent, the two of them. the third part of your question, italy, the political debate and fiscal issue is going to come at the forefront of the news flow in september. i see no reason to be in a hurry and less we have some political message -- unless we have some political message. the political level from the new leaders of italy that they want

ever report this as president trump held italian -- told the italian prime minister the u.s.l help the country by buying government bonds next year. still with me is matt hornbach, subadra rajappa and rob waldner. everyone has read that story. they started by laughing. how can this happen? subadra: they can't. the u.s. government doesn't have the ability to go out and buy sovereign debt from other countries. even the federal reserve has a limited capability of buying securities. they can't go out and buy equities. they have been in japan but the u.s. mandate is very limited. matt: the only thing i would say is if it actually happened, it would be a great deal of they swap back the currency. you can get great deals and italian debt these days. jonathan: rob, your thoughts on this? the interesting part of this story is quite clear. united states is willing to back italy at a time when italy is pushing europe to allow them to spend more money. rob: i don't think it will happen. what is ironic about this story is he is offering help at a time it seems does the fed tightening poli

one to reduce the size of the british, japanese, french, italian and american fleets., the nine power treaty, which guaranteed the integrity of china, and incidentally, one of the powers signing this was japan. later on in 1929, we signed the kellog-briand pact, which was supposed to abolish war as a means of settling international disputes. this pact was signed by 47 nations, including germany and japan. henry stimson: president, i have the honor of handing you the london naval treaty. narrator: faithful to our treaty obligations, we scrapped more than 60% of our naval tonnage. and our army was reduced to a standing force of 136,000 men. smaller than that maintained by the little state of romania. we let our hopes for peace become so strong that they grew into a determination not to fight unless directly attacked. we let ourselves be influenced by those who said we could find security through isolation. the confusion in our way of thinking was apparent in the slice of public opinion as it appeared in pathe news in 1939. >> another war, not for me. this time america sh

it's not as if i'm especially angry with the italian groups have been vikas they were actually all on my side we realized that in prison it was just the italian government that has got more sense than what you say it's not for the most of all. down my back then you wanted to help but you were charged with a serious and organized aiding and abetting of the illegal entry you were facing four years in prison in the trial lasted for five years how did you cope with that it can't have been easy for the. little money for life to know i can't say it was but it's made me what i am today life it's good now i know exactly what i wants and i work with all the energy i have in the alpha flight i'm a little bit older to find the injustice in this pack of lies that have been told. in the same continent if i save people's lives and everyone all the. well done that i'm not claiming they're the same lies are being spread about the captains of the ngos are going to come between today and he also. says on this ng you say you are against and just all of the africans you rescued were deported because they

but many italians are now asking questions how could this have happened and who if anyone is responsible. as a civil engineer from leibnitz a university in hanover welcome to d.w.p. now you're a bridge designer yourself this is a bridge that's been repaired and renovated several times since it was opened in one thousand nine hundred sixty seven is that unusual it's actually not that unusual to repair and to maintain budgets in the procedure of the ring operation of . highways and freeways and so obviously an inquiry has begun what are some of the most likely theories about how this came to happen of course these questions all know but now it's actually only assumptions or speculation possible but if you see that structure and if you see the special conditions we had during the accident we had very severe weather conditions so a score could be happening during such and. what might have happened saw. the earth could. go away from the foundation for us and that leads to that could lead to problems and then the bridge of course is quite all of this from the sixty's so we have a lot of mainte

the italian economy is not in good shape. the bonds have gone up, levels up for three years.his really is a terrible call. it is the main thoroughfare between france and italy, so the connotations going forward for presumably some months, properly a couple of years, a very serious. it is a relatively small point at a time like this, but the italian motorways, they would be first motorways, weren't they? this was a source of huge national pride at the time. absolutely. this is the late 19505, as you say, there were the pioneers. it demonstrates the need that these things have to be checked, because of the huge traffic passing. we will carry on fixing them in the news as well. the daily telegraph, that ex—tory, it's understanding about the terror suspect at westminster yesterday, crashed into the safety barriers. we have seen the pictures of narrowly missing two policeman, is under arrest, is not cooperating, but the telegraph's view is that he was there to stake out the scene, possibly. the telegraph's thaker mrs interesting. you would not describe a ford fiesta as a hummer. —

military vessel in an italian port hostage and nevertheless the tahlia prime minister drew the pecan to accuse the e.u. of hypocrisy. let's listen to italy's prime minister luigi de mayo ahead of today's meeting. just your opinion sticks with this attitude if nothing comes out of the european commission meeting on redistributing migrants ninety chiaki ship the five star and i will not be willing to give twenty billion euros each year to the european union you think to me out of the deal that we want to pay on e m so bad if it's only a does follow through on this thread what effect would it have on the here. edu commission would then sue you to leave before the european court of justice because italy's legally obliged to pay its fees it's like in a private tennis club if you want to use the court you have to pay your fees and by the way the numbers three g. ma is using a wrong italy's not giving twenty billion to the e.u. every year but only three point five billion in payments that is just a quick check on the populists put it to. where all with that idea that the who has been kickin

maria chiara grandis is a journalist for italian tv station rai.to the site earlier and spoke to the bbc from genoa. when we arrived here it was almost midday, and that was debris broken into exactly. the part of the bridge down the river and under the bridge. the stuff in the bridge, sorry, under the bridge in the river. there we re under the bridge in the river. there were many, many people trying to save people but it got very difficult because it was raining very hard. now it's not raining anymore but at the beginning it was very difficult to operate in this area. the area is still under control because a lot of people here had to flee their houses because it's dangerous because of a gas and the electric that has been stopped, so the electric that has been stopped, so you have been taken to schools and other places. already there is talk of who is to be held responsible. here's italy's deputy prime minister matteo salvini earlier. translation: i have crossed that bridge hundreds of times, but now as an italian citizen i will do everything to ge

italian debt is bought by italian bonds.is a fear of feedback because the banks are in trouble they may not by sovereign debt and that will further in trouble for banks. it is a major thing. there are various regulatory changes the goldman sachs points to four reasons as to why italian banks made by less italian debt in the future. it is a major issue because they theided a backstop to exciting government when they lend. it is also meant that the italian government is less problematic than the have seen because it is held by the titans to a than france's debt which is held by foreigners. is mostly held by people outside of france. it is a major issue for the thai government. >> thank you, greg. >> let's check in on the bloomberg first word news. >> jurors have begun deliberating in the trial of palmetto four. prosecutors say he earned $60 million advising politicians in ukraine. much of it from the irs and then lied to bank to get loans when money dried up. his defense countered that he was in global because he left the part

to start buying italian bonds. for more let's bring in our markets man paul brit's of the frankfurt stock exchange or paul italy's debt level or of the stands at over one hundred thirty percent of annual g.d.p. and it could explode next year how worried are investors about such a scenario. well chris of the italian populist government can expect a five star review from investors with this kind of spending lined up if it does follow through there's only two options it has to cover the cost that is either make more money which seems unlikely or cut costs somewhere else neither of those the government has brought any hints. upon and so investors are worried that the italian government is steering towards an economic collision course that does show in the rise of ten year bond yields rise here meaning it's a bad thing because debt increases. and that's now at the level of three point two one close to the present close to the meltdown that happened in may when the government came in now i mentioned the deal this rising

while she had the support of the italian government some of the italian newspapers were not as kind to the income ambassador. one buyer wrote, a cartoon in the monarchest lublication shows it in rome filmed negligee lace. one of the major assignments of her tenure in italy was to resolve the awning simm-- next door to italy at the time was yugoslavia and this little port was granted to the u.s. and yugo slavia. and tito was adamant they were going to take it over. but clare found out they were hungry and she discovered that a half a million tons of wheat were secretly given to yugoslavia. negotiations over many months made possible an agreement and in the united states the italian people because italy got to keep it and established her credentials within the diplomatic court as well. while she was in italy she faced something actually far more dangerous than angry italians. she began to feel fatigued, some of her teeth were becoming loose, she was losing her hair, blood tests revealed she was suffering from arsenic poisoning. some immediately assumed foul play by her communist foes in

prime minister just half a continent want italians to prepare for the west removal. from office i have personally ascertained so far the number of dead will increase at this moment it's an incredible tragedy because there wasn't an explosion or an accident but we are working on the hypothesis that this was a structural failure. and. this is the moment tragedy struck the witness only managing oh my god as a bridge collapsed. the full extent of the damage would soon be revealed about a one hundred meters stretch caved in. rescuers have been working round the clock since searching every nook and cranny for any signs of life. built in the one nine hundred sixty s. the morandi bridge has been subject to many repairs critics say possible structural weaknesses as well as a sudden violent storm that struck the area at the time might be to blame. but for the families of those still missing the top priority now is to get their loved ones out from under the rubble hopefully while they're still alive. and that's all right a journal simak of the she's in the italian capital of ro

after seeing the collapse but for himself italian prime minister two separate content was somebody. from what i have personally ascertained so far the number of dead will increase. at this moment it's an incredible tragedy above all because there is not been an explosion or an accident just about we are working on the hypothesis of a structural failure. and. this is the moment the tragedy struck. the bridge which had been undergoing repair work collapsing during a tarantula downpour. for now the focus is on the rescue. but many italians of course now asking how this could have happened and as the tragedy sinks in who if anyone is responsible. for the very latest on this we're joined now by marcello daniel us national spokesman for the italian red cross and ron thanks for being with us what can you tell us about the rescue operation that's now underway in genoa. well as he said i'm fortunate that stories rising. fi show new releases of usual news all of thirty nine. and sixteen wounded. there are the key. to making. week. the red cross to be of about eighty unique working for which t

to allow migrants to leave the ship to italian ports could be illegal and abuse of power but he says the migrants will soon be free to go. and attention football fans of that is back in full swing after a long summer break the german top flight is once again. the ground stop action to bring you what you need to know about the match do you want. money glad you could join us france's has been given a warm welcome from supporters in dublin during the first papal trip to ireland in nearly forty years a once staunchly catholic country has been in raged by a series of sexual abuse scandals and cover ups carried out by the clergy itself but there was none of that to be seen as a positive delivered a speech to tens of thousands of faithful. dublin's main sports stadium also a concert venue used by world between rock bands but there was only one star of this show pope francis himself. despite the sex abuse scandal shaking the catholic church the pontiff still has huge public support. lined the streets to give the pope an enthusiastic welcome as he was driven to st mary's cathedral. inside the

as well has also come under fire the several italian ministers have said that the e.u. had placed restrictions on the amount of money that was able to be spent on italian infrastructure there are so many people here though that say it is simply too soon to start placing blame they say blame and anger will only go so far they want answers from the italian government over what's next and particularly they want guarantees that a catastrophe like this won't happen at some point in the future that there will be further bridges in other parts of italy that will suffer the same fate trelane chosen path in general thank you let's take a look now at some of the other stories making news around the world at least forty eight people have been killed in a suicide bombing in a shiite neighborhood of the afghan capital kabul the bomber targeted a building where young men and women had been studying for university entrance exams officials blame the attack on the islamic state militant group germany's government plans to allow a third gender option on official records chancellor merkel