now the shortage has left carmakers temporarily shuttering factories. >> it is not just renault.eral motors in the united states has suspended production at several of his plans along with toyota and ford, which predicted at 20% drop in production. in europe, volkswagen and audi have made similar moves in recent weeks. following nearly 20,000 -- in total because of the chip shortage and the pandemic. >> [speaking french] >> that has led to a bottleneck in logistics worldwide. >> [speaking foreign language] >> possibly not as long as some fear. taiwan manufacturers well over half of the semi doctors and they said it will ramp up production. -- of the semi conductors but said they will ramp up production. kate: the major european indices closed higher. milan outperforming and mario draghi opened the final round of talks and to form a new government in italy. oil crisis meanwhile rose to their highest level in year with brent crude hitting $60 per barrel. wall street has also seen gains, little bit above 3/4 of a percentage point across the board. a new record high at the closing be

let's get to renault. what is the story with shareholder payout?eholder payouts, they have the biggest loss in a record. that will be an issue for them. 8 billion euros, worse than expected. they warned of a difficult 2021 ahead. most of the damage was in the first half. given the health crisis, some of the electrical component shortages, that is really going to continue to weigh in renault. as the auto industry recover? it is a difficult year ahead of them. matt: finally, natwest pulling out of ireland. >> they are resuming their dividends. that certainly is a positive sign for them despite the fact of the brexit dealings they are having to confront. this is after more banks are starting to return to that picture. they did do better than expected in the fourth quarter. vowing their net targets are going to be even better, saying we are going to improve our concerns. outlook still uncertain as it is with all of these companies. they sought lower provisions as did barclays. there is that. matt: thank you very much, dani burger giving us some of the

the former boss of renault says he is encouraged by the brands resilience. >> jaguar land rover has decidedo rebrand. the car manufacturing giant on monday announced a commitment to producing electric only jag wires in 2025. >> by 2026, we will have more than six electric vehicles being offered with land rover. we estimate to be ready and commit for zero carbon company by 2049. >> the $2.5 billion overhaul is seen as key to reviving a company which is formed -- fallen behind bmw under sadie's bends in electric technology. -- and mercedes-benz in electric technology. it is using underused manufacturing sites. the luxury carmakers has revealed plans to reduce u.k. based management. the ceo has already said the company will -- in quality and profits over volume. >> we are aiming to gain a lot in terms of efficiency, global efficiency. it is a permanent adaptation of our workforce, which is necessary. by the way, much more in terms of talents, in terms of skills, which are necessary for the future positioning of the company. the next value chain. >> it is not just environmental issues. despite

and his new team alpine — formerly known as renault — said he was conscious and will undergo further arm during their victory in the first match earlier this week and has had an injection in thejoint. the ecb say they're hopeful he'll be back for the third test in ahmehdabad. saturday's game in chennai will have up to 15,000 fans a day, some of whom collected their tickets today. india is a cricket—mad nation of course and both teams have welcomed the move. many local supporters believe it will give the hosts the edge to level the series. pakistan have beaten south africa by three runs in the first t20 international in lahore. mohammad rizwan was pakistan's anchorman — he was 104 not out off 64 balls, hitting seven sixes as the hosts reached 169—6 in their 20 overs. south africa needed six off the last ball to win but could only manage three. the last two games of the three match series will be held at the weekend. and also in lahore. after their calcutta cup defeat to scotland, england head coach eddiejones has gone for experience in his selection for saturday's six nations match ag

across the clay renault grew into monster disabled people's voices are heard when faxing programs several but. no one is going to be safe unless we are all safe when there is a vaccine it needs to be a universal public good everybody has to have access and of course people living with disabilities of course they need to have access but internationally there are a few signs that the disabled all getting adequate access to the european union's vaccination strategy adopted in october 2020 made no mention of persons with disabilities and one international ngo told us that in many countries people with disabilities risked not getting access to vaccinations to almost 80 per cent of persons with disabilities live in heart even poor countries this means that if the vaccination is not going to be distributed in an equal to a way and doesn't reach. who or group person because the abilities are also going to be excluded so are major fear is that their acts in asia does not reach persons with disabilities on time and losing lives and large person because the reality is i'm there representing represen

things like the portion 928, the renault clio williams, these did close to 50% increases in value. these_ increases in value. you mention models from the 1980s - increases in value. you mention models from the 1980s and - increases in value. you mention models from the 1980s and in l increases in value. you mention i models from the 1980s and in my mind that is not a classic car. you think of something extremely old like a world war ii vehicle or something like that, wouldn't you, normally? absolutely. and they are still doing well. there was a phenomenal stale back in september when we saw records smashed a prewar cars. but for people of my age, in their 40s, where we have a little more time, maybe covid has not been too bad on them and maybe they are looking back to the cars that either their cool friend had all the successful friend at work had. these are aspirational cars. they are not aspirational cars. they are not a poster car like a testarossa but the interesting thing is we ensure 1.5 million classic cars around the world. most of the people getting quotes now are aged about 50

with some really interesting developments in the spac space i want to share with you now bernard renault and former unicredit ceo look set to join the spac wave. they will sponsor pegasus europe, listed in amsterdam and target -- european financial deals. really interesting to see the spac wave coming to europe now we're going to take a quick break. >>> coming up on the show, dp world lends its cloud to the global effort to distribute the vaccine. more next. wanna build a gaming business that breaks the internet? that means working night and day... ...and delegating to an experienced live bookkeeper for peace of mind. your books are all set. so you can finally give john some attention. trusted experts. guaranteed accurate books. intuit quickbooks live. >>> welcome back to "street signs," everybody. i'm julianna tatelbaum with j joumanna bercetche and these are your headlines. >>> european markets on rick-on mode as they kick off in the green with the ftse 100 in the lead sterling edging higher against the greenback as positive vaccine news boosts sentiment. >>> vivendi hits a high note,

and his new team alpine, formerly known as renault, said he was conscious and will undergo further testsir tickets today. india is a cricket—mad nation of course and both teams have welcomed the move. many local supporters believe it will give the hosts the edge to level the series. pakistan have beaten south africa by three runs in the first t20 international in lahore. mohammad rizwan was pakistan's anchorman. he was 104 not out off 64 balls, hitting seven sixes as the hosts reached 169—6 in their 20 overs. south africa needed six off the last ball to win but could only manage three. the last two games of the three match series will be held at the weekend. also in lahore. after their calcutta cup defeat to scotland, england head coach eddiejones has gone for experience in his selection for saturday's six nations match against italy. george ford returns at fly—half, having started on the bench last weekend, while mako vunipola and courtney lawes come in to the pack. kyle sinckler also returns, following his suspension. there's been some heavy criticism of the side after england's loss t

we are looking at renault, hermes and others.e start with the radio with a record loss, the market not liking what it is hearing from this carmaker, particularly juxtaposed with the good news from other automakers this week. hermes, the birkin bag suddenly selling very strongly. we are also talking pretty expensive products here. compare and contrast with -- yesterday. hermÈs is up 3.1%. and antofagasta, the stock is another prime drivers in europe this week, up a record 7.2%, alix. alix: we just heard from president biden who is taking lessons, it does look like they will lift emergency measures. we heard from president biden about the relationship between europe as well as the u.s.. chancellor angela merkel speaking right now. joining us with more from brussels is the google director. thank you very much for joining us. what did you make of president biden's speech, how is it going to go over? >> i think many people in europe are believed to have the new president in the white house and are definitely also very positive about t

it is so interesting to see how some countries put conditionalities whether it's air france and renaultance where they had to lower carbon aoe myselves in order to access the economic package. davos talked about stakeholder capitalism. this is a moment to stop talking about is left and right, republicans and democrats, to build back real business, government, and trade unions talking about how to structure the recovery. >> so steve ratner, real quick, just trying to play both sides, the lib in me. isn't the $15 an hour minimum wage potentially a part of covid relief, or could it be argued that it would be? are there other things perhaps that are less related that could be taken out of the bill? >> yes. you could argue that the $15 minimum wage is part of covid relief. extending unemployment is more targeted relief. what the biden administration is trying to do is a bit of both. covid relief and a number of provisions on child care, tax credits and things like that designed to help people at the bottom and in a more general way as the beginning of the build back better initiative that he