and i guess that is something for olaf - that is something for olaf scholz.the election of trump will arguably potentially put ukraine in a difficult position, at the same time you have volodymyr zelensky that the incoming trump administration will have quickened the end of the war. what we make of that? what is your understanding of what your president is saying? during point is what was said during this conversation. what putin said about his so—called peace plan is clear. what is clear for me and i don't know the answerfor me, olaf for me and i don't know the answer for me, olaf scholz, for me and i don't know the answerfor me, olaf scholz, did he message putin... the western support of ukraine can disappear that will never happen. that is the most important, because putin feels himself and bolden because he hopes the american elections and fatigue in western countries can lead them to abandon ukraine, give up on ukraine and to give putin realise his goals. that is what i am interested in and realise his goals. that is what iam interested in and i realise

scholz confirmed he would hold a confidence vote in the bundes on january 15th.owever, the leader of germany's opposition, christian democrats is calling on scholz to hold the vote next week at the latest and prepare for elections as soon as january. now, the reports suggest that christian lindner and other cabinet members will formally be dismissed this afternoon. speaking last night after being kicked out of the government, the former finance chief accused the chancellor of ignoring pressing issues in the country. >> translator: olof scholz has long failed to recognize the wake evening in the country. he has played down the concerns of the sitcitizens. even now he is questioning the decisions so citizens can be proud of germany again. >> let's get a check of german assets as traders are digesting what is happening on the political scene. as you see on the screen, dax, the main market up 1.3% at this stage. however, what we could be looking at here is a potentially re-prizing here. when you think about the dax yesterday t ended the session down 1%. at this stage

in the next few hours, chancellor olaf scholz will address germany's parliament, the bundestag, afterhe collapse of his ruling coalition last week. the country now faces a snap election in february. before he speaks, though, germany's council of economic advisors will be giving their latest forecasts for next year, and they won't be pretty. are at risk in a major shake up of the uk's post office. spotify soars as millions more tune in to the music service and it heads for a full year of profits at last. and, tough times in toyland — retailers unveil their top christmas list but with family finances stretched, how many will make it into santa's sack this year? i'm sally bundock. in the next few hours, chancellor olaf scholz will address germany's parliament, the bundestag, after the collapse of his ruling coalition last week. the country now faces a snap election in february. before he speaks, though, germany's council of economic advisors will be giving their latest forecasts for next year, and they won't be pretty. for next year, and they won also pretty. for next year, and they won

and i guess that's that's something for olaf scholz, isn't it?of if you're saying that the election of trump arguably potentially will put ukraine in a difficult position yet on the same side at the same time, you've got volodymyr zelensky that the incoming trump administration will quicken the end of the war. so what do we make of that? what's is your understanding of what your president is saying? i said that vladimir putin hopes that the election of donald trump will help him. i am absolutely not sure that this will happen. we have a lot of... i should be frank with you. we have a lot of fears in ukraine about election of donald trump as new president of the united states, but also we have a lot of hopes because the trump, for example, is going to drop the oil prices, which is super important. trump can be probably more decisive in some steps if he will decide to make them. so it's a question, we don't know what will be trump's strategy towards ukraine. i can't comment on what president zelensky meant, speaking that with donald trump, the war

olaf scholz�*s coalition has collapsed terribly. a terrible state for months, if not years even. and now he's heading towards a snap election towards the end of february. and new elections in february. by phoning vladimir putin, when most of them refuse to speak to the russian leader. i asked katya adler, the bbc�*s europe editor, why mr scholz had made the call. did olaf schulz expect there to be an effect? that's the real question. was this for international purpose, the first call between him and vladimir putin in over two years, or was it for domestic consumption? and i think we really have to assume the latter. olaf scholz�*s coalition has collapsed terribly. it's really been in a terrible state for months, if not years even. and now he's heading towards a snap election towards the end of february. he is not doing well in the polls at all, and he is, at least for now, his party's, that's the centre left, their official chancellor candidate. so ukraine is an issue. so there's another phrase that he's kind of hung on to, and that

olaf scholz�*s coalition has collapsed terribly.ble state for months, if not years, even. and now he's heading towards a snap election towards the end of february. he is not doing well in the polls at all, and he is, at least for now, his party's — that's the centre—left — their official chancellor candidate. so ukraine is an issue. so there's another phrase that he's kind of hung on to, and that his entourage has tried to sell to the german public — difficult one, considering the amount of military aid that's been heading from germany to ukraine — but it's friedenskanzler — the peace chancellor. so what he's hoping to sell to the german public is, "we stood by ukraine. we realise that vladimir putin "needs to be stopped, notjust for ukraine, "but for the good of all of europe, but we only gave "what was necessary for ukraine's defence. "this was not aggression. this was not to widen the war "and make it more dangerous for you germans." and from that perspective, you can understand why he wanted to make that phone call to vladimir p

olaf scholz, spoke on the phone to vladimir putin for the first time in two years.r scholz said he urged president putin to begin talks with ukraine to achieve a just peace. zelensky said the call undermined efforts to isolate russia. let's get more on zelensky�*s comments regarding a trump administration on the war in ukraine. translation: we are a great nation we have to prove it. - therefore, i believe the war will end. there is no exact date, but for sure, i emphasised once again with the policy of this team that will now lead the white house, the world will end faster. it is also important for them, not only for the sake of ukraine. let's speak to daniel treisman, who's a professor of political science at the university of california, los angeles, and founding director of the russia political insight project. after being with us. most are reading until this comment about the trump administration being able to end this conflict sooner than otherwise? i being able to end this conflict sooner than otherwise? i think he's putting — sooner than otherwise? i think he

. >>> and in hgermany, the chancellor olof scholz is looking to move up the confidence vote paving theay for snap elections sooner than later. >> translator: if everyone sees it that way, then it's not a problem to hold a vote of confidence before christmas. >>> very good morning, everyone. we start today's show looking at the equity session in europe because we are witnessing a change in narrative among european investors this morning. at this stage, you have the stoxx 600 trading above 1% and just for some context here, the stoxx 600 ended the week last week down .8%. so, there's a difference here in mood as we start a new trading day and a new trading week for european investors. it is true that earlier this morning throughout the asian session, we had witnessed a bit of disappointment really with investors with the chinese stimulus measures, but that is not continuing here in europe at least thus far. let me show you how the different bourses are trading thus far so you get how the european shares are trading at the moment. the ftse 100 is up .8%. looking at france and making stron

i joined chancellor scholz in his mission in the -- india. i met a couple companies.lso in line with the german g2g foreign policy. we looked at aipac, i visited japan, singapore. let's see middle east how that continues and u.s., i visited the ausa, we are partnered with the abrams tanks. that is the focal point as we go forward. tom: global ambitions clearly. hensoldt's ceo oliver dorre. a modest upgrade to the earnings with a touch on the politics of germany and europe. plenty more coming up. this is bloomberg. ♪ >> this is the emergence of a new power structure in the united states. >> we have a new investment regime most likely the next four years until the next midterm elections. >> you can't actually commit to some of those trades. >> the knee-jerk reactions we are seeing may get reevaluated. >> it could be small caps that end up correcting. >> it may benefit more of the equity investor versus current investors. >> i listen more to the credit investors and think what does this mean for the places i want to be in equity markets, that's why you go to small caps.

scholz trying to push that back to early next year.pposition leaderd saying that is irresponsibles. we will continue the story right now. olaf scholz rejected the opposition's demand to hold the confidence vote by next week, pushing for one early next year instead. you have to have the confidence vote before the president decides on whether you get that election. the german chancellor is trying to hold out until a possible election in march to give his beleaguered party a chance to recover in the polls. with go straight to -- let's go straight to christoph in frankfurt. we have headlines from friedrich merz. scholz trying to push this thing back what is the likelihood he succeeds in that? >> the pressure is absolutely building, as you say, good morning. i think it is difficult to conceive from a current standpoint what olaf scholz will be able to stay in office for several months. with his coalition not having a majority in parliament. their ability to get anything to parliament is actually limited and very unlikely. it seems unlikely

one is led by chancellor olaf scholz, his centre left social democrats and the greens.aking on new debt to deal with the current crises, including russia's invasion of ukraine, and help industry and fulfil the transformation to green energy. but the free market liberals, who until yesterday were the third party in that three way coalition, believe ideologically that that's not the right way to go. and they want to cut taxes, they want to not take on new debt, and they want to cut welfare payments as well. so it's two opposing visions, really, of how you get an economy going. and for the past year, really we've seen arguments over that. and every time a new budget has had to be agreed upon, there's been rows and there's been, you know, something that's really irritated voters. you can see that in poll numbers. and that really came to a head this week, and particularly last night when the last crisis meeting, it was clear that those differences were irreconcilable. and that's why olaf scholz decided to sack the finance minister, who he said was acting irresponsibly and no

we have an olof scholz, outstanding chancellor.>> president-elect trump tap s former florida attorney pam bondi hours after matt gaetz drops out over a number of sexual misconduct allegations. >>> we've got more pmis at this stage. this time eurozone. this is the final piece of the puzzle as we countdown to potential rate cuts from the ecb. the hcob november flash services print and don't forget this is more resilient. that pmi crossed at 49.2. that is dropping like a hammer. 49.2 versus the 51.6 we saw back in october. so, services also caving now as we take a look at that level. those are very weak print we are getting. when it comes to the eurozone, hcob flash manufacturing print on pmi 45.2. that was previously 46. that level has been weakened. we see that expressed through the lens of the german manufacturing numbers. you put this all together and you get the november flash composite pmi. that tally up to 48.1 versus 50 in october. so, you are getting the consequence here of the further unwind in growth and, of course, firmly

now, the german chancellor, olaf scholz, he wants to take on more debt.ny can afford to do it. and given the rising costs connected to russia's waragainst ukraine and germany's support for ukraine, which means massive spending in arms, the chancellor says this is an emergency, so more debt is needed. christian lindner, whose party is a free market, small state, low tax party. he says that germany should not be taking on more debt. he wants instead to cut spending, in particular social welfare spending. those two positions have now become incompatible, partly because of the fact that money is tight with this slowing economy. when this rather unusual three way coalition between chancellor scholz�*s centre left social democrats, the free market liberals and the green party came together three years ago, they solved any political differences by throwing money at the problem they spent, or they wanted to spend big pleasing their voters. but of course, that's increasingly difficult now with the slowing down economy. electric vehicle sales have hit a record high

he created what they called the scholz. the short it was an orange juice based mock tail. if the videos were the scholz orange juice with a heavy dose of whatever clear alcohol the bartender had open at the time. she create an illusion she was just another hard drinking newspaperman that was her preferred term, newspaperman. what you are poor in your book but in-house publication of the chicago tribune the little trip on the tribune to reconcile fair andit jolly as secret scholz wih the distinguished cable reports of a politic, economic news in germany. a strong personality and a key mind behind her gay blue eyes. she often had to men who do not take her seriously. she was also prepared to use one of her favorite ways she is interviewing a man you might be difficult she would describe it to open those blue eyes wide and look up at him. that she was sharp though be it to any man who underestimated her for very long. she did put up with an awful lot of gender discrimination burden even though and her later years she claims no

mr scholz said he urged president putin to begin talks with ukraine to achieve a just peace.ky said the call undermined efforts to isolate russia. the bbc�*s russia editor steve rosenberg explains how the details of the call are being reported in moscow. there's a very positive reaction here in moscow. the story was running pretty high up in the running order in last, last night's evening news on russian television. reporting here in russia has stressed that it was germany that called russia, not the other way round. and it's also stressed that the kremlin�*s position hasn't changed an inch. it mentions that vladimir putin referred chancellor scholz to putin's so—called peace proposal ofjune, which actually read more like an ultimatum to kyiv, because under that plan, ukraine would have to withdraw from all four ukrainian territories to which russia lays claim, plus recognise crimea as russian, plus ditch plans to join nato, plus western sanctions would be scrapped. but basically, i think this call cements the kremlin�*s claim that attempts to isolate russia have failed. it m

mr scholz said he urged president putin to begin talks with ukraine to achieve a just peace.ll undermined efforts to isolate russia. in the last few hours, president zelensky has described the battlefield situation as �*difficult.’ a short time ago, i spoke to 0leksiy goncharenko. he's a ukrainian mp and member of the ukrainian delegation to the parliamentary assembly of the council of europe. i asked him about the phone call beween 0laf scholz and president putin and a proposed russian peace—plan regarded as unacceptable to ukraine. so for me, the main point is what was said during this conversation. what putin said about his so—called peace plan. it's clear. what is important for me is if, and i don't know the answer for the moment, chancellor scholz, did he message putin that if putin hopes that after american elections, the western support of ukraine can disappear, that it is a false hope that it will never happen? that's the most important because putin feels himself emboldened because he hopes that american elections and the fatigue in the western countries can lead the

so, president putin has spoken by phone to olaf scholz. yes. the russians say the germans initiated it. and now president zelensky has made an absolutely chapter changing intervention himself. he has. and since donald trump's victory, so much of the commentary has been dominated by, what does it mean for ukraine, because he has made all sorts of noises about not really being up for continuing the backing of it. he promised on the stump that he could end the war in a day. today, president zelensky has done an interview with a ukrainian outfit saying it is certain the war will end sooner with the policies of the team that will now lead to the white house. the white house. this is their approach, their promise to their citizens. now look, of course, all of this is part of sort of megaphone diplomacy, right? the people involved in these incredibly sensitive, important, diplomatic and public conversations know that they are haggling in public, right? they are not just saying, oh, this is the truth and nothing but the truth. they're also sending very

olaf scholz is there in campaign mode and at the center of these things you find ukraine.en, you know it has come in the concessions striking the region within russia. this was seen as a step forward for ukrainians. it's something they've been talking about for a long time. a fall short of this blanket permissions to strike within russia that they had liked. for many people who had been watching this and watching what had happened throughout the entire war, which is what happens, biden will concede something and schulz will follow, this is not the case with the missiles. olaf scholz said he will not consent to this, the tourist missiles are further ranged in a lot of the military gear that there is from the americans. they can go up to more than 500 kilometers, saying he is firmly convinced that many citizens in germany are worried about the security and peace in europe. it has been his conviction not wanting to escalate things in russia, but you can ignore the political dimension at home for olaf scholz where he has on the right, the cdu saying we should be delivering the

comingp, this is bloomberg. ♪ will set -- scholz is set to accelerate operations in europe.speak to the ceo next. this is bloomberg. ♪ tom: welcome back. remote driving startup vay has secured a loan from the european investment bank to develop its teledriving technology and expand its operations in europe. it allows drivers to remotely operate customers' cars. join me from the german capital is the ceo. thanks for joining us. talk us through the timeframe around a commercial project and product in the european market. you have exposure to vegas. you are running cars there. what about europe? what are the regulatory hurdles? thomas: thomas: good morning -- thomas: good morning. nice to be here on the show. we had a very exciting year coming towards the funding of the european investment bank of 34 million, and being live in vegas gives us the chance to secure additional funding on one side to develop our world leading remote driving tech out of this continent as well as than using the funds to actually launch in europe. yeah, we have now some additional capital. we are and w

olaf scholz for example. is that of the trail? how do you view the phone call?and about the substance. what is important is actions, policy. we hope that the policy will not change because germany supports ukraine a lot and they produce in ukraine providing equipment, difficult so again we hope. kriti: no change in policy but change in action, a phone call was not on the table two years ago for one year ago or a couple weeks ago. on top of that germany is hesitating, are you sure about that in the context of a new german election? >> what is important is the message that is delivered and we hope the right message is delivered and you are right, we need more equipment and it is unacceptable that we find western confidence in the russian missiles and we want germany and other countries to provide electronics and parts and equipment because we can increase our production, big industry needs support. kriti: congaree seems to be more vocal. what role does that play? >> indeed we -- we -- we managed to cooperate with the european union and, uh, uh, our colleagues find

. >>> and olof scholz facing pressure to hold snap elections with the warning economic conditions areoo drastic. >> the businesses don't need a lot of advice. they need stability of the political framework and that has been missing for quite some time. so, i believe this is now a good time for a new beginning. >>> great to have your company this hour. let's get you across the moves in the global markets. first in the united states where we just have seen the fed cutting rates by 25 basis points as expected with chair powell telling reporters he believes policy is still restrictive and economic activity remains strong. the expectation is for another rate cut in december with markets now pricing a more than 90% chance of a 25-basis point move lower. powell saying he's not in a hurry to bring rates down to neutral sounding a more positive note on the health of the u.s. economy. >> we are seeing strong economic activity. we are seeing ongoing strength in the labor market. we're watching that carefully. we do see maintaining strength there. so, we think that the right way -- the right way

he's favored over olaf scholz.e to a head on january 11 when they will formally elect and choose who they will put up as the candidate but you have to think about how potentially this played out in the u.s. where you had an incumbent candidate for the democrats in the form of biden who held on arguably for two along and then put in harris at the last minute. so there will be conversations about this going forward and i would say there's a nonzero chance olaf scholz is not the candidate going into the selection. >> a nonzero chance. maybe some mirror imaging of u.s. politics in germany. maybe the clock is ticking good this is a curveball that seems to have come out of nowhere. but maybe this was planned and a long time in the works but he's picking up the phone and putting a call through to putin. what was behind that? >> we broke the story on friday at bloomberg and it came out of the blue to many people. and judging from the reaction we got from other leaders it did not take everybody by complete surprise. they sa

scholz fired his finance minister last week parties have shifted into campaign mode already with scholz for the re-election ahead of the february election. >> translator: i will never confront citizens with the security or good jobs in the economy and infrastructure either we give money to the armed forces or we have secure pensions either we support ukraine or invest in germany. >> meanwhile, the opposition leader, fredrik mertz is fuelling the debt brake which led to the firing of the finance minister christian lindner and the collapse of the governing coalition last week. annette caught up with the member as the same party of christian lindner and asked why it is seven-day is such a conte. >> in the moment 15 years ago, politicians decided to have a debt of 0.35% of gdp which is around 14 billion euro plus we acknowledge how our economy is going. that is a hard thing to do because you know what? i want this and i spend more the interesting thing now for the last three years, they say we will not change that because it is important and the germany don't want it. some realize i could b

well, it looks like an attempt by scholz to bolster his position as some sort of a peacemaker.call, domestically driven call, domestically driven and adventurous step into the geopolitical sphere and the war in ukraine. but is driven by his interest in its position for himself and what's going on in germany and the coming elections there. and coming elections there. and lookinu coming elections there. and looking at — coming elections there. and looking at president zelensky's other comments in this phone call. he said that change is coming and that he thinks the war will end sooner as a result of donald trump being elected, but he is it a period of great uncertainty. 0bviously he's been calling for more weapons, more supplies for a long time now and for ukraine to be allowed to use those in a different way but he is moving from a period of relative certainty in terms of the level of support to one of uncertainty and you can see that in all of these comments from him. that in all of these comments from him-— from him. absolutely. this is one of the — from him. absolutely. this

political crisis in germany — olaf scholz sacks his finance minister causing a collapse in their coalitionovernment with elections expected in january. willa new trump era be good for business or challenging for the global economy? we'll be reflecting on how his policy choices might impact international trsade. international trade. the japanese carmaker nissan is cutting 9000 jobs. we'll explore why and ask whether the japanese giant can turns things around. welcome to business today. while the world's focus has been on its biggest economy, the powerhouse of europe has become embroiled in its own political crisis. germany's three—party coalition has effectively collapsed after ministers from the free democrats quit the government, likely paving the way for early elections next year. the japanese carmaker nissan is cutting 9000 jobs. we'll explore why and ask whether the japanese giant can turns things around. welcome to business today. while the world's focus has been on its biggest economy, the powerhouse of europe has become embroiled in its own political crisis. germany's three—party co

plus vermin ease -- olaf scholz making his case later today for another term as german chancellor. tom: to the early story right now, lines crossing, the asset manager over germany, elian's coming in with our core operating profits, beating the estimates. 3.90 4 billion euros, operating profit for the third quarter for alley on's, above the estimates just shy 3.8 billion -- fourallianz. the focus is on pimco, the asset manager. enclosing to that part of the business will be scrutinized as well and see a um for allianz. we will continue to watch that story through the day and see how that stock reacts. the dutch lender the focus on net interest income in the search for new ceo. the stock is up about 22% year-to-date. in terms of third-quarter operating income, coming in as a beat, 2.5 2 billion euros. in terms of cet, one ratio in the third quarter also coming in higher, 14 point 1%. the estimates had been for 30.9%. we will speak with the cfo of that dutch lender at 7:00 a.m. london time. let's check on the markets with investors taking calls and questioning to what extent the poli

is there not a sort of irony that we had a sort of left-leaning socialist government run by olaf scholzt fell apart over the debt break only to elect the right-leaning conservative government that may reform it? tom: we love the irony. i love the constitution. it is much smaller than i expected. tiny and compact. oliver: i never leave home without it. [laughter] tom: i would expect not. thank you very much indeed. how this campaign is shaping up in germany. as you head towards those elections in february. let's recap a major german corporate then. siemens with the threads globally when it comes to industrial companies. a positive set of numbers on the top line for siemens. 2025 comparable revenue increasing between 3% and 7% at the top end. the estimates have been that the 2025 comparable revenue. at the top end of that. net income came in in line with the estimates at 1.9% -- 1.9 billion euros. in terms of orders in the fourth quarter. 22.9 billion euros. the estimates have been 22.38 billion euros. oliver kruk caught up with the ceo of siemens and talk to him about the number of issue

olaf scholz, spoke on the phone to vladimir putin for the first time in two years.hieve a just peace. zelensky said the call undermined efforts to isolate russia. let's get more on zelensky�*s comments regarding a trump administration on the war in ukraine. translation: we are a great nation we have to prove it. -

one earlier this morning was between a olaf scholz device chancellor of germany and president xi jinping of china. president xi jinping did not address this and his remarks. he spoke about the crisis in ukraine. olaf scholz is fascinating because he recently spoke with vladimir putin of russia by telephone and brief volodymyr zelenskyy of ukraine about that both before and after the call. many world leaders here, president xi jinping among them, were eager to hear what they talked about and what might lead to a negotiated settlement as we see negotiation in recent hours. sonali: i want to get your thoughts around what is going on in terms of uncertainty around the presidential transition and what might happen with trump administration as it pertains to ukraine. how might that be addressed? >> out of the leaders here have been dealing with the variable of not knowing what the incoming president's policies will be. it puts it into stark relief on this issue. we heard from the president-elect about his plans to end the war day one. the leaders are worried about what happened overnight, abou

when youj talk about those phone calls, you are referring to germany's 0laf scholz speaking to president that call president putin reminded 0laf scholz about the planning, the piece planning and victory planning he would like to see which is very different, obviously, to what volodymyr zelensky wants to see. when volodymyr zelensky says he wants this war to end in 2025 by diplomatic means, what does that look like to you? fit that look like to you? of course we _ that look like to you? of course we are so contrary, we wish to have peace yesterday, as soon as possible. because we are losing our people, lives. you named ten people today. yesterday, the whole family, a few days ago, a mother and three kids. the smallest was only two months. everyday there are tragedies and disaster. and of course we would like to have peace as soon as possible. but for this we really need our partners to show powerful language to putin because he is also uniting with china, iran. and look at the brics summit, he became more powerful, especially in his military industry. do you think the sanctions influence i

mr scholz also told him the deployment of north korean troops in ukraine was a grave escalation. opinions on the situation in ukraine." ukraine's president zelensky said the call undermined efforts to isolate russia. mr zelensky has also been speaking about the impact of a second trump administration on the war in ukraine. here's what he said. translation: we are a great nation we have to prove it. - therefore, i believe the war will end. there is no exact date, but for sure, i emphasised once again with the policy of this team that will now lead the white house, the world will end faster, the world will end faster. it is also important for them. not only for the sake of ukraine. meanwhile, us president joe biden is in peru, meeting with leaders on the sidelines of the asia pacific economic cooperation summit — or apec. the six—day trip to latin america is expected to bring a face—to—face meeting with china's president xijinping on saturday. it's the two superpowers' first meeting since november of last year, and it's likely their last before donald trump becomes commander in chi

mr scholz said he urged president putin to begin talks with ukraine to achieve a just peace.ussia. leigh turner is a former british ambassador to ukraine. this whole war up to now has been a disaster for putin, because ukraine has defended itself far better than anybody expected, with enormous costs to russia still battling on three years after russia's full scale invasion. and all that time, putin has been hoping that the support that ukraine gets from other countries such as the us, the uk and european union countries will fall apart. that we'll start to see that united front disintegrate. and one of the elements of that united front is not to give putin credit, not to see putin as being a realistic interlocutor. you will remember that the last time shultz spoke to to putin live was just before the invasion of ukraine, when, um, president putin said to shultz, we are not going to invade ukraine. i promise we're not going to invade ukraine. so if different countries start talking to putin independently, ukraine will be very worried that that is the beginning of a dam break t

scholz said he was not concerned about the previous reservations whether he is the right candidate toead the spd party into the election. >> translator: those who have spoken out behind me and this decision. i discussed it with all of them. i thought it was okay there was a brief cause for the discussion over i was the right candidate for the party. but it is a good feeling to know we have have caused together an achieved what we have done last time. the citizens of the country voted for the spd. >> looking at the polls, spd is third with the least amount of votes. >>> and staying in germany, thyssenkrupp is slashes 11,000 jobs. that's around 40% of the total work force. it comes as part of the series of cost cutting measure was the german industrial group warning overcapacity and cheap exports out of asia have placed quote a strain on come competitiveness. we have annette with the latest on the story. is there a sense here that the next government could actually revive the industrial capacity of germany? >> reporter: i think the pressure is actually mounting on politicians in berlin

we've talked about the us and also the actions of olaf scholz, the german chancellor.ogramme before, he was critical of what he saw as a lack of urgency on the uk side. now, i know that you've seen the foreign secretary and i believe also the prime minister today. what do you make of the uk's approach to standing up for political prisoners now and taking action against putin? because there's a lot of rhetoric, there have been some new sanctions, the uk has taken what it considers to be a leadership role on ukraine. but when it comes to political prisoners, what's your view of the uk's attitude? irwin cotler, the former justice minister of canada — somebody who has been one of the foremost international advocates for human rights — once wrote that the worst nightmare for a political prisoner is to be forgotten. i would often quote that phrase in my previous advocacy on behalf of political prisoners but now, ifeeljust how important that really is. throughout everything that i was going through, you know, sitting in that small cell, not being able to speak to anyone, to g

their exit comes after german chancellor olaf scholz, sacked his finance minister.broken his trust too often, making serious government work impossible. translation: too often, - after the necessary compromises have been drowned up by publicly staged disputes and loud, ideological demands. too often, federal minister lindner has blocked laws and in an irrelevant manager. too often, he's engaged in petty party political tactics. too often, he's broken my trust. even unilaterally withdrew from the budget agreement after we had already agreed on it in lengthy negotiations. there is no basis of trust for further cooperation. serious government work is not possible in this way. this is expected to trigger a general election in germany early next year and leaves a void at the heart of europe just as concern is growing in eu capitals over what a second trump presidency will mean for transatlantic relations. around the world and across the uk, this is bbc news. here in the uk, it is hoped interest rates will be coming down here too today as the bank of england has its meeti

all of this comes as the german chancellor, olaf scholz, time in two years. peace. mr zelensky said the call undermined efforts leigh turner is a former british ambassador to ukraine. this hole war up until now has been a disaster for putin because ukraine has defended themselves better than anyone expected with enormous harm to russia and all of that time putin has been hoping that the support that ukraine gets from other countries such as the us, the uk and european union countries will fall apart and were struck to see that united front disintegrate. —— will start to see. one of the elements of the united front is not to give put in credit or see him as being a realistic interlocutor. the last time the chance i spoke to putin was before the invasion of ukraine. putin said to them, we promise we will not invade ukraine. so if different countries start talking to putin independently, ukraine will be very worried that that is the beginning of a dam break that will carry away its supporters whether it is germany, the uk, the us. you talk about _ germany, the u

mr scholz said he urged president putin to begin talks with ukraine to achieve a just peace.russia. let's speak to former british ambassador to ukraine, leigh turner. welcome to bbc news. not to get through on this. let me talk to you first about that phone call that the chancellor held with president putin. to think it undermines an end to the conflict in a peaceful, just way? it conflict in a peaceful, 'ust wa ? , ., , . way? it is worth bearing in mind that _ way? it is worth bearing in mind that this _ way? it is worth bearing in mind that this whole - way? it is worth bearing in mind that this whole war l way? it is worth bearing in l mind that this whole war up until now has been a for putin because ukraine has defended itself far better than anyone had expected with enormous cost to russia about three years after russia's full scale invasion. all that time, putin has been hoping that the support that ukraine gets from other countries such as the us, the uk and european union countries will fall apart, we will start to see that united front disintegrate. and one of the

the move means scholz�*s government no longer has a majority in parliament.ting his political career was over. just a few months ago, he was convicted of business fraud over payments to the adult film star stormy daniels, and he's still facing several other possible prosecutions. but despite all of that, donald trump is now set to be sworn—in again as president, on inauguration day, january 20th next year. this report is from our north america editor sarah smith, who's followed every twist and turn of this election. from the mutinous glare in this infamous mugshot, an iconic image of defiance, to the bold, clenched fist thrust in the air showing that nothing can hold him back, it was all leading to this — the most dramatic comeback in american political history. four years ago, refusing to accept defeat, he summoned his supporters to washington and sent them to the capitol. we fight like hell, and if you don't fight like hell, you're not going to have a country any more. the january 6th riot destroyed donald trump's reputation. it could have exiled him to per

this cop, notably us president biden, india's narendra modi, from europe, ursula von der leyen, olaf scholz

sigrid scholz had 41 bylined stories. did she make it to the warfront? >> she did not.t allow her to the front. they wouldn't allow her to go on press junkets that they ran where they basically took them on germany's greatest hits version of the war so she found ways of getting around that. one thing she did was hired a very young journalist, but she also found other ways and one of her most useful tools is she would go to the train station in the eastern part of berlin and eavesdrop, it turned out to be a more accurate source of information about the more than anything. >> host: the bombing of berlin started the next year. she was still in berlin. what was that like for her? >> guest: she was trying to come hom she really wasn't bothered by the air raids were one of those bombings up close and personal. at that point in addition to working for the tribune she was a broadcast journalist for the mutual broadcasting system and she would report going in late because they wanted her reports to be at dinnertime in chicago. she is at the german broadcasting station and they h

another issue for olaf scholz is he is losing popularity.wonder -- some wonder whether he is firing his minister that highlights the ripple effects of the u.s. presidential decision on the rest of the world and how that divergence can widen as some people expected to in the currency markets and the rates market. annmarie: it feels like trump was the final catalyst to break up the coalition. the coalition only existed because of russia's invasion of ukraine. how to fend off the fact they will no longer have chief russian energy. christian lightner is the one who cared about the debt and sustainability and olaf scholz is looking at what they are dealing with in germany and saying we will have to spend more. jonathan: that is why german bond yields are moving in the other direction. the language from schulz, compromise were drowned out by public disputes and demands. such egotism is incomprehensible. that is brutal language from the german chancellor. u.s. banks rally big time following trump's big victory. that conversation is up next. from ne

we have just had some we havejust had some reaction from the german chancellor olaf scholz. was "a escalation". let's speak to our eastern europe correspondent sarah rainsford, who's in warsaw. i wondered if i could get your assessment of russia plus make use of this new missile and what ukraine's allies are likely to do?— likely to do? this is an interesting _ likely to do? this is an interesting moment. l likely to do? this is an i interesting moment. the likely to do? this is an _ interesting moment. the message from blood and put in was clearly meant as warning to ukraine and ukraine's western allies that russia is prepared to continue to escalate and respond to steps taken by ukraine and its allies. mr putin was portraying the use of this experimental ballistic hypersonic missile by russia against ukraine as a response to the use of american and british made missiles by ukraine to target russia. he was saying that that was his response and he said if there is a further escalation, russia will respond to that. the idea is that we are now at a plateau again. unless there

this would require the chancellor olof scholz to hold a confidence vote on december 18th.z is said to give a 30-minute statement tomorrow on how he and the government intend to proceed following the collapse of the ruling three-way coalition. >>> coming up on the show, the trump trade continues as the president-elect fills key roles in his administration. we will have the latest after this break. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >>> welcome back to the show. now shares of nissan closed almos

in addition, the germany chancellor olof scholz expected to meet with xi jinping to talking about durableoods following the report that the factory is producing military drones for russia. it comes as the german automakers is facing competition from its chinese peers. >>> and xpeng ted a third quarter loss. the chinese ev maker said it expects fourth quarter vehicle deliveries between 87 and 91,000 and revenue up to 62.2 yuan. >>> staying in the carmaker space, northvolt is considering applying for chapter 11 protection in the u.s. after the discussions around the rescue package fell through according to the financial times and reuters. the swedish battery manufacturer has reportedly missed several goals and will not meet its full-year target amid production. northvolt told cnbc the review is ongoing and did not want to speculate on the reports. i'm pleased to say the transport for logistics is joining us this morning. rick, good to have you on the show. let's get started by looking at northvolt. i had a chance to visit the manufacturing plant in sweden not too long ago and at the time, t

olaf scholz looks like he will move up the timeline on his no-confidence vote.the lowest since june on the euro-dollar. this is the austrian central banker. it is not just trade, tariffs. annmarie: the political economy is almost more important than central-bank policies. we also have bitcoin. lisa and john away, annmarie will play. this is part of the trump trade and emphasizes the power of stories and our collective imagination for the greatness the future brings. crypto was such a big part of trump's campaign, going to different conferences. terry haines pointed out there is no bipartisan coalescing on how to approach bitcoin. there's nothing clear on it at this moment. this is an asset that encapsulates what we can do with hope for the future. it is the same thing happening to small caps. manus: it is the personification of deregulation. when you think what the crypto world actually spent in this election, not only did their wealth increase but also you look -- the crypto world spent $200 million on political action committees. this is a just reward for now.

say snap elections should be held as early as december, following the collapse of chancellor 0laf scholzment. the chancellor is from the social democratic party all of this happened because he fired one of his ministers. christian linda is delivering a news conference now. let's have a listen in. apologies we don't have a translation but he is speaking now to the country and we will stay across that because it will be interesting to hear what he has to say after he was fired by the german chancellor. there has been a lot more pressure on chancellor schultz following regional elections as well. there has already been pressure on germany's economy as well and this member of the free democratic party had left the coalition so the government is hanging on a thread. the chancellor is saying he will call a confidence vote and elections could be by the end of march next year. a lot hanging by the balance next. nato secretary general, mark rutte, says he hopes that america's allies will be able to work together with mr trump. he made this commentjust before a summit of european leaders who are d