will be speaking to the ceo of siemens energy. stay with us for that conversation.his is bloomberg. ♪ tom: welcome back to "bloomberg daybreak europe." siemens energy is making headway on decisions to fix its troubled wind turbine business. the german manufacturer cut output and jobs in its gamesa unit to return the division to profit after four years of losses. as the company boosted its comparable sales forecast for the full year. i'm joined now by christian bruch, the ceo of siemens energy. thank you for your time this morning. you are upgrading your outlook for the year. what is behind that relative increase in optimism? christian: good morning, thanks for having me. we have a very solid quarter after a good start to the year. we see strong order momentum across the board of energy, in particular, grid is growing fast, you have seen uplift there on a particular with revenue growth, order book at 25 billion, we have 11 quarters in a row with a book to bill, order intake compared to revenue above 1.00, giving us the positive momentum. it improves cash flow, which

estimates were 4.61% so a range of 4%-8% is being forecast by siemens. they will be selling a business for around 3.5 billion euros and in terms of net income, that was upbeat on net income, 2.2 billion euros. estimates were for under 1.7 billion so net income is a beat but a miss on orders and on industrials profits, that was also a miss for siemens. we will be bringing an interview with the ceo of siemens later in the show at 6:45 a.m. u.k. time. the numbers coming through from deutsche telekom, the majority owner of t-mobile in the u.s., the u.s. business in focus today and the german business as well. when it comes to joy -- deutsche telekom it is a beat on earnings estimates and it is the german mobile growth that seems to be behind that. in terms of first-quarter earnings, adjusted earnings out of the german area coming up 3.5%, just shy of 2.6 billion euros. they still see a full year post lease about 8.9 billion. in terms of earnings, adjusted earnings per share, eps around 1.75 euros per share, full year. in terms of first-quarter, deutsche tele

siemens boosting the industrial sector up nearly 1%.inancial services, oil and gas on the downside as well. >>> all right, moving on, we're dwoung to focus right now on the u.s. minneapolis fed president neel kashkari said interest rates will stay at the same rate for the current time, adding more data is needed kashkari did not rule out an inflation hike if things staal. >>> riksbank has cut key interest rates by 25 bps to 3.75%. the ceo of italy's largest bank spoke to cnbc earlier and gave his take on the divergence between europe and the u.s. >> it's a matter of time it's fair to say europe and the united states are in a completely different position. you have the very important election in november and the trend of the real economy is very good. usa, yurngs probably we need to have some boost in terms of acceleration of grouchlkt so i think this could maintain the situation of the possible diversion, but this could be six months no more than this. if it's more than this, it could create problems especially on the foreign change of

siemens with a drop in profit. all of that is influencing the market.e is the sector look of what is shifting things. autos and bmw down 1.4%. the downgrade on that stock is hurting. autos taking a hit. so, too, oil and gas down 1%. we have seen a slight moderation in the oil price overall of late hitting that $90 mark last month. that has fallen off a little bit. on the other side, swiss re reporting. the insurance companies and real estate managing to move higher. insurance companies are at 1.5% to the good. what happened and what do we anticipate from the united states? this is actually what you are getting. you could look toward a positive session later on. if you are looking for more data, weekly jobless claims is on deck and news on the earnings front. retail sales came up yesterday. i think that is an important one to actually look out for here. it gives you a clear sense that maybe there is a moderation of how consumers are spending. if you want to look at the consumer more, walmart will bring out its earnings today and that gives you a sense of

americans this means they bought shares of many german companies, including 40% of siemens.rdance with american business, that is, there seems to be a law that prohibits trade with germany at the state level, but this law made it possible for american private companies to sell strategic materials, including military ones, to germany and its allies during entry of the law that is adopted. was adopted in the united states of america, what is most interesting is that this law was in force until forty something years. a similar situation developed in trade relations between the united states and spain, which was not formally a participant in the second world war. franco , quite an interesting one, pursued a policy that led to the fact that spain remained supposedly neutral, supposedly, this is very interesting, but in fact, spanish troops also participated in the war against russia and the soviet union. here, but here it should be noted that most likely roosevelt acted, which means, under pressure from lobbying organizations, private, private business organizations of the united

today, however, numbers coming from siemens and bt and easy jet in the airline space and the insurersith the numbers. that has painted a mixed picture and that pushed stocks lower. the cac 40 managed to move l lower. the smi in switzerland is the one looking at gains. we are anticipating a cut in interest rates coming through soon. the anticipation is for it to come through in june. the dollar did not necessarily rally, but still no strength coming through in the euro today. it hasn't necessarily benefitted the euro somewhat. overall, you are seeing negativity across the board. it is only slight, but not following on from yesterday's rally. dom. >> arabile gumede in london with the market action in europe. thank you nfor that. let's see if the market momentum can continue with ben emons at newedge wealth. ben, this is an interesting dynamic with the regard to the interest rate picture and inflation story and macro economic back drop in america and beyond. on balance, we're at record highs. is this a market that's now come to terms with the current inflation regime? >> it may be, dom.

helping things along is a string of earnings reports and positive stock reactions including siemens, not leaving you out with i shares, vanguard, and others keeping things high joining us, christina hooper, chief global market strategist and maximilian u lair. good morning to both of you. christina, i'm going to start off with you what makes things so attractive? dividends are expected to increase 4.5% in 2024. what other factors are driving this outperformance? >> it's a combination of higher differ accident yields, more attractive valuation, but also more exposure to cyclicals if you assume there's going to be a global recovery, then cyclicals are likely to perform better in that kind of environmental. in addition as you mentioned, earnings have come in. about 61% of companies have beat earnings that's higher than the average we've seen over the last few years. so all of those things together play an important role the keep short-term catalyst ecb cutting rates seems like a much shoer thing than the fed cutting rates in june. >>> maximilian, coming over to you, we mentioned the sto

working on this for a long time to replace all analogues of western ones, including turbines from siemens leave, from general electric, we have built three. stations, this is the third, two stations were built in crimea, and one on the taman peninsula, last year the united engine corporation continued to supply gas transfer units for large gas pipelines, such as the power of siberia, sakhalin, khabarovsk, vladivostok. in the future, rostec is ready to ensure 100% import substitution in this area. your brother there in the donbass in the aurora battalion, so he’s a belly, no one knows anything. alexey shevchenkov, that’s where they went on reconnaissance, there were three of them, then, then i don’t know, anton shakin, which means there is still hope, there is always hope, call sign passenger, militia passenger, becomes a full-fledged soldier of the aurora battalion. let's translate from clerical to understandable, everything is not so scary if there are instructions. where are you from 11 b? no harm, but i'm from 11 b. it's 2124, this is not science fiction, this is love. lisya and i, as

this partnership is a partnership between siemens and rbl health care of kenya.d at the table, the managing director for the middle east and africa for siemens, and mr. mukala, founder and ceo of the red hill cancer centers, joined today by honorable witnesses as they cement an agreement that will help establish a center of excellence for cancer care in kenya, intending to open in 2025 and serve patients in kenya and across east africa. [applause] >> we're going to leave this briefly to fulfill our more than 45 year commitment to live coverage of congress. the house in session

the republic has continued progress in the production of european plants such as siemens, telefunken, yagonal adjustment at the main enterprises? tell us about the progress of creativity, the setup of a new bicycle plant. like the future, the entire management of the plant gathered at the construction site for the next meeting, such meetings were held every day, literally every stage of work had to be discussed in the shortest possible time the first workshop of a new bicycle factory under construction had to be erected, but now the task was becoming more complicated. his arrival from germany was expected any day, but how to do it? the walls are just being built, there is no roof, it’s winter. all meetings are under an improvised canopy. at the map of the scheme , the chief engineer outlined the plan, so as not to delay the process, they decided to carry out all the work at the same time and continue construction. workshops to begin installing machines on the already finished part of the site, there is no roof, it is snowing, all work is also under a canopy, since it was carried out i

the republic has continued progress in the production of european factories such as siemens, teefunkenat the production facilities, telling us this year 's creative work, the adjustment of the new bicycle plant, how is the future. plant management holds such meetings every day. literally every stage of the work had to be discussed. the first workshop of the new building under construction had to be erected as soon as possible. the site began to be developed in early november, and it is 27 hectares of land, communications were failing, but now the task was becoming more complicated, the installation of equipment had to begin, its arrival from germany was expected any day, but how to do it? the walls are just being built, there is no roof, it’s winter. all meetings. at the circuit map, the chief engineer outlined the plan. in order not to delay the process, we decided to carry out all the work simultaneously, continue the construction of the workshop, and begin installing machines on the already completed part of the site. there is no roof, it is snowing, all work is also under a canopy.

i just want to emphasize, i think what we're most excited about is seeing companies like siemens ands that otherwise would not happen. even for folks who one of our programs, great present and enter jason partnership called grippers oversubscribed by eight, ten times over there but we heard from the folks who may be didn't get an award from it is they had developed a new partnership working with her state regulator, what with the technology companies and found a way to get without us in putting any funding towards it. so that's the really exciting part that by the vatican having a little bit of this carrot here it's foreseeable and to think of a bit more creatively and otherwise would. i still hear from regulators in particular and state legislators that they're always configure how did the push industries, all regulated industries in their own state, which is a little different from maybe the other folks we've heard of here working with either commerce or the department of transportation. and so they are like such an important component of the conversation because he can't get cost

detained her along with demonstrators at the university as they moved in to clear protesters from siemens hall on campus. ruiz was detained, photographed and transported from the scene by law enforcement, losing one of the phones she was using to broadcast and record what was unfolding in front of her. >> that second phone actually ended up being swept away as well as when they were, moving my hands towards behind my back. it slipped out of my pocket and i couldn't get it. obviously, the officers didn't get it. so there is a piece of news equipment out there at cal poly humboldt right now. >> you were told multiple times to leave, otherwise you're going to be arrested. but i can't. >> my job, my job has been here all night. >> well, find a different job. >> ruiz was on scene as authorities moved in on the demonstrators who taken over siemens hall. more than a week ago as part of their protest against the war in gaza, and as part of their effort to get the school to disclose and divest from companies doing business with israel in all authorities arrested at least 25 people. >> at first, th

long time to replace all analogues of western ones - including turbines, now we can move away from siemenss is the third, we built two stations in crimea - and one. here on the taman peninsula, a shock, which we should launch fully this year. there is less and less dependence on foreign developments in the field of medicine; rostec’s enterprise today produces more than 150 types of medical equipment and the list is growing. so in the past in 2018, the development of the russian ventilator was completed, the first domestic medicine against hepatitis b for adults and children was registered, rostec enterprises were delivered to the regions under government orders for more than 14 years... marks 10 years since the founding of the dpr and lpr. residents of the republics were congratulated by vladimir putin. at the referendum on may 11, 2014 , the overwhelming majority in donbass supported the sovereignty of the region. residents refused to support the policies of the kiev regime, which came to power as a result of a coup. on the day of the anniversary of the dpr, ukrainian troops struck donets

for a long time to replace all analogues of western ones, including turbines, now we can leave both siemensral electric, the construction of tes on the taman peninsula will ensure energy stability in the entire south of the krasnodar territory, and similar turbines will then be produced for power plants across the country. alexey golovkov, stanislav ponomarenko, alexander feaktistov and egor bushuev, news! in the coming hours, israel plans to launch a military operation in rafah, the last city in the gaza strip, which remains under hamas control. the israeli ministry of defense issued an emergency statement a few hours ago. negotiations with the palestinians, according to tel aviv, have reached a dead end. now the idf is transferring motorized rifle units to the suburbs of rafah. artillery preparation has already begun. plumes of smoke rise from the portals of rafah, several shells exploded in a refugee camp, the city is cut off from supplies of food and medicine. another sign of unprecedentedly increased tension in the region was the unanimous the decision of the israeli cabinet of ministe

working on this for a long time to replace all analogues of western ones, including turbines from siemensuilt three stations, this is the third, two stations built in the crimea, and one here... on the taman peninsula, a shock one, which we should fully launch this year; also in the twenty-third year, our united engine construction corporation continued to supply gas pumping units for large main gas pipelines, such as sila siberia, sakhalin, khabarovsk, vladivostok, well, in the future we are ready to ensure 100% complete import substitution in this area. well, penzh engines also work. i hope this engine us, well, in 2-3 years we will launch it, and we will already be building long-haul aircraft. thank you, sergey viktorovich. this was footage of a meeting between mikhail mishustin and the head of the rosseh state corporation sergei chemizov. now to trading on the moscow exchange. this morning the dollar is trading around 93 rubles. a euro costs about 89.5 rubles. and yuan costs 12 rubles. 70 kopecks moscow exchange index - 3.445 points and rts - 1179 points. now let’s stop for a couple o

. >> as they moved in to clear protesters from siemens hall on campus. ruiz was detained, photographed and transported from the scene by law enforcement, losing one of the phones she was using to broadcast and record what was unfolding in front of her. >> that second phone actually ended up being swept away as well as when they were, moving my hands towards behind my back. it slipped out of my pocket and i couldn't get it. obviously, the officers didn't get it. so there is a piece of news equipment out there at cal poly humboldt right now. >> ruiz was on scene as authorities moved in on the demonstrators, who had taken over siemens hall more than a week ago as part of their protest against the war in gaza and as part of their effort to get the school to disclose and divest from companies doing business with israel. in all authorities arrested at least 25 people. >> at first, they were detaining the people that were out in the quad in the little courtyard area. that's the those were the first people that got detained. >> protesters face a variety of charg

answered the question, motivation, so far, of course, well, our generation of designers grew up in siemensit’s comfortable, it’s actually ergonomic, and of course, now it can multiply risks in a hyperhypnotic way only with the correct organization of work , we agreed with our colleagues what we will do by allocating teams, forming such parallel teams that will to work alongside our current projects to design a new system directly, that means two projects that we have at vtsk, one together with fdc, our strategic partner, these are... systems based on 1c, and here we are inside under the heading of rustec, inside the unified accounting project a system that is already based on osd, to a large extent, which is why there is a high percentage of import substitution, and of course a lot. remains to be done from the point of formation of the general appearance of our cluster, the third project, no less important, is the introduction into the enterprise the defense industry complex of software and hardware modules for virtual design based on supercomputers is what we are already using for now, bu

detained her along with demonstrators at the university as they moved in to clear protesters from siemens hall on campus. ruiz was detained, photographed and transported from the scene by law enforcement, losing one of the phones she was using to broadcast and record what was unfolding in front of her. >> that second phone actually ended up being swept away, as well as when they were, moving my hands towards behind my back. it slipped out of my pocket and i couldn't get it. obviously, the officers didn't get it. so there is a piece of news equipment out there at cal poly humboldt right now. you were told multiple times to leave. >> otherwise you're going to be arrested. >> what i can my job, my job has been here all night. >> well, find a different job, ruiz was on scene as authorities moved in on the demonstrators who taken over siemens hall more than a week ago as part of their protest against the war in gaza, and as part of their effort to get the school to disclose and divest from companies doing business with israel in all, authorities arrested at least 25 people. >> at first, they w

small, say that they actually have 60% of the country's production , the same country that has benz, siemens, etc. i don't know if this is famous, maybe people don't know what their economic structure is like, this 600 is produced by small and medium material. now, the small and medium unit, first of all, their growth is important, then their networking is important, because the small unit does not have all the production, it is a complex production, giving is here, giving is there, now this this is the phase that we are in now, well , doing an important thing, starting many small units. now , for example, some may say that some of these units are scams, some of them are not successful. is not. but it is the right thing to do. networking these is included in a large production. another important work of theirs that is not finished now and needs to be followed up is the issue of power generation or automobile manufacturing in iran. of course, we don't need to become a very, for example, globally competitive car manufacturer. but because intention in our national and international conditions,

working on this for a long time to replace all analogues of western ones, including turbines, now from siemensave, general electric, we we built three stations, this is the third one, two stations were built in crimea, and one here on... the peninsula, shock, which we should be fully operational this year. there is less and less dependence on foreign developments in the field of medicine; rostec’s enterprise today produces more than 150 types of medical equipment and equipment, the list is growing. so last year, the development of a russian ventilator was completed, the first domestic medicine against hepatitis b for adults and children was registered, a rostec enterprise was commissioned by the state delivered more than 104 million doses of medicines to the regions. vladimir putin congratulated the residents of the republics. at the referendum on may 11, 2014, the overwhelming majority in donbass supported the sovereignty of the region. residents refused to support the policies of the kiev regime, which came to power as a result of a coup. on the day of the anniversary of the dpr, ukrainian t

this for a long time to replace all analogues of western ones, including turbines, now we can leave siemensations, this is the third, two stations were built in crimea, uh and one on the taman peninsula; last year , the united engine corporation continued supplying gas pumping units for large trunk lines gas pipelines such as power of siberia, sakhalin, khabarovsk, vladivostok. in the future , rostec is ready to ensure 100% import substitution in this area.

to replace all analogues of western ones, including number of turbines, now we can move away from siemenseneral electric, we built three stations, this is the third, two stations were built in crimea, and one on the taman peninsula, a strike one, which we should launch fully this year. there is less and less dependence on foreign developments in the field of medicine; rostec enterprises today produce more than 150 types of medical equipment and equipment, the list is growing. so last year , the development of a russian ventilator was completed , the first domestic medicine against hepatitis b for adults and children was registered, and the rostec enterprise was delivered under a government order. more than 104 million doses of medicines and vaccines to the regions. elizaveta khramtsova, news. we now have a message that arrived marked urgently. the duma has received nominations for the positions of deputy prime ministers and ministers. uh, the chairman of the chamber, vyacheslav volodin, instructed to inform all deputies about this. this was reported by the press service of the state duma.

the taman peninsula. will install the first serial heavy-duty gas turbine, an analogue of western siemens bank announced that this summer it will begin to reduce its business in russia. the european central bank demands to speed up the process. next on the air is business news, denis talaev is with us. denis, why does raifazen take so long to leave? well , partly because leaving russia is not so easy, there are restrictions on the part of the russian authorities. the largest western bank, of those that have not yet left russia, the austrian bank will begin to reduce its russian business in the third quarter. this was announced by the ceo of the austrian group ryfizen bank international, johan strobal during a conference call with analysts and journalists. it is in the third quarter, according to him, that the implementation of the requirements that the european central bank previously put forward will begin. raiffeisen clarified, previously clarified, that among these requirements, for example, to reduce lending in russia by 65% ​​to the third level. according to johan strobl, we are talk

they have the same country with benz and siemens and i don't know if this is famous.be people don't know what their economic structure is like. these 60 are industrial production by small and medium units. now small and medium units , their growth is important first, then networking is important because small units produce everything. no, it's a complex production , forgiveness is here, forgiveness is there. now this is the stage that we are in now, well, doing an important thing , starting many small units, now some for example, say that some of these units are scams and some of them are not successful. it is always the same . when you enter a big field, a percentage of them are not successful, but it is the right thing to do. . the one that is not finished now and should be followed up is the issue of power generation or automobile manufacturing in iran. of course, we don't need to become a very competitive global car manufacturer, but for our own national security and international conditions, we must have a set of power units that include capable cars. reassurance

so we can understand that in fact, siemens of having and was like, there are only $20000.00 gelata is left in the wild by studying their social behavior using drones. amongst punk research team is hoping to gain new insights into early human history as well. to a lot of those are the only other primates besides humans not to live intrigues. the evolution of a human ancestors started several 1000000 years ago, but our planet is much older. so what was happening here for all those billions of years? the 1st forms of life to image with bacteria, organisms that seem relatively simple, but actually very complex. but to be of many properties, some can even glue. but what's the actual purpose of light producing bacteria? as far as we know, periods that have a single org and that could to touch these light signals. there is a theory that you developed in an in bacteria when the bacteria could be as, as a group could be seen. they can't be seen as individuals, right? they're too small for the eyes to see. so they can be seen. and so they evolved at the time when, when complex size. but why wou

long time, in order to replace all analogues of western ones, including turbines, now we can leave siemens general electric, we built three stations, this is the third, two stations were built in crimea. and one here on the taman peninsula, a shock one, which we should launch fully this year. there is less and less dependence on foreign developments in the field of medicine; rostec’s enterprise today produces more than 150 types of medical equipment and the list is growing. so last year the development of the russian ventilator ended, the first a domestic medicine against hepatitis b for adults and children was delivered to the rostec enterprise under a government order. according to the decree of the new government, the head of the cabinet of ministers will have 10 deputies , while 21 ministries will remain, but mikhail mishustin has already submitted a new one to the state duma for consideration. composition of the government, the list of deputies includes the first deputy prime minister, as well as the deputy chairman of the government, the plenipotentiary representative of the presiden

electro gas power plant is a joint venture involving multi business people, german industrial giant, siemens and the as or by john state on company. so car, it's part of been in business strategy to provide europe with gas by a pipeline from as or by showing in the future. daphne cut a want to cuz he discovered that high ranking, multi is politicians, were covertly involved in the gas project via the show companies in panama, the matthews brother, andrew remembers his mother's stunning reports. and when this came out, i remember feeling the sort of just this empty sensation in my stomach journalist, daphne kajuana, colleagues, you didn't know her assess and nation was being planned. the the bomb went off as my mother was coming down the hill on the force of the explosion, it just sent to the call, carrying into the fields here on that it's ended up and in the spots what is the by the destiny, carolina glitzy. it died in the burning wreckage of her car. the investigation got off to a faltering start. it looked as if the authorities were trying to protect the powerful people in malta. but her

and as we now add a bit of light and siemens, but 92 percent is mike, how much does it from what, the, because the buttons of 9 to the live on the mixture is been compressed into vix with the machine. the advantage of this process is that instead of drying it high than pictures in an oven, they can dry naturally over a pdf those 7 weeks. this really uses the carbon emissions of the manufacturing process. in india, more than half of the population, small items made of money. ready but these have generally be mainly lowered income household. now, however, the classes i've read is covering the benefits of much as the building materials. not nice because it's so sustainable. and also because my houses have excellent installation properties. and i'm us, i'm unable and doing this. i'm on the inside, so the house is a stay cool, then doing winter, then nice and well, that's the advantage of a mad house go to them and read offers. that advantage is that the boss of building a mad house that's competitive, you know, it's a natural and abundant trauma, tedium, and times for the good in the clim

and t russian policies that force russia to shut off the gas back in 2022 gas problem pleated with siemens to restore damage turbines to working order along the nord stream, one pipeline, but the western sanctions made sure that was a no go. instead of lifting them. europe piled on more band, russian colon ports and put similar measures on seaborne crude oil. more recently, brussels even voted to allow for the banning of russian, allan gee, and with all those constraints on the west own energy supply, the leaders of the so called free world had been nothing but ecstatic cheap. which was good on said i know that one of our major successes has been to reduce our considerable dependence on russian energy to almost 0. we must cut rushes revenues, which fortune uses to finance is atrocious. war and ukraine. and now all work of the last month really pays off because at the beginning of the war, if you looked at the importance of gas, 40 percent of it was russian gas since a long time. today we're down to 9 percent only. that frankly, i know, i know that i'm a russian gas will have cost for you o

to our partnership networks and our colleagues in the room from meridian, siemens, and hard work for showing the rest of the country what the private sector should be doing in this space and of course to our steering committee. afl-cio, american society of civil engineers, brookings, and rtc thank you for last night. and the building and trades unions, the value of water campaign and our incredible host for today's event the u.s. chamber of commerce. look at this room, it's really, really, beautiful. thank you all. >> and i want to thank you for your partnership and importance of this work. a round of applause for this family. [applause] >> we have a truly incredible program with you today celebrating tens of thousands of projects in every single state and territory funded, and the celebration that we'll have today to focus on the investments from the public sector, from private sector, from philanthropy into our nation's work force. giving more opportunities to build this project, pivotal to this next generation and beyond and thank you to get that going as well. we are going to go

so we remind ourselves of when russia gas from salt, the assistance of germany, siemens to repair the turbines, along the north stream, one pipeline only to be stopped by western sanctions. fast forward europe, not only maintain those sanctions, but also escalated the situation by prohibiting russia to coal imports and more recently brussels greenwood, a ban on russian liquefied natural gas. time and time again, they were the ones to introduce sanction. after sanction, we must cut rushes revenues, which fortune use us to finance is a choice. it's lauren ukraine, and now i'll work of the last months really pays off. because at the beginning of the war, if you look at the importance of gas, 40 percent of it was russian gas since a long time. today we're down to 9 percent on the shape of it, which is what i said. i know. yes. the rest of the data obtained significant revenues in 2022 because the prices sky rocketed and we're still dependent on russian gas and oil. there is no longer the case. one of our major successes has been to reduce our considerable dependence on russian energy to a

siemens, the german company also... today confirms its participation in the project, of course, timeomething goes wrong, then we already have it. your options, including implementation on russian systems. there will be a lot of russian in the hungarian nuclear power plant. the main thing is that the domestic reactor, which is considered the safest in the world, will withstand a strong earthquake and withstand an airplane crash. they started building it in st. petersburg a month ago. the russian rosatom and the german company bower are now working together to strengthen the soil under the future station. do you see these colorful circles? these are all piles, there should be 23,000 of them under one power unit alone. the drill goes to a depth of thirty meters. underground soil, cement and water are mixed so that it hardens to a monolith, preventing groundwater from flowing under the station. paks-2 with two new reactors will stand next to packsh 1, in the background of which a grandiose construction project is underway. the first hungarian nuclear power plant has been in service for 4

so for those of the probably siemens and pads being asked the following and diplomacy and negotiations and being wanting to put to, to supplement that kind of thing. and then goes on and stop the general side offering there. and then in a freight and so on. when we had the assessing agency in the ring and we found a big section in damascus, he won responded, and it was a very hard blow to these early and imagine power actually at that time. so it changed and the balance of power of the region at that time. and the dynamics of power in that region is being refined by the one and the other actors ended in dimitris. so one is the key and the key and play your and key after in the region. but in terms of foreign policy and the lack of presidents, i mean the and positive and walk through the law firms. and right, you see he's not going to change the foreign policy and to much extent, of course and farm is danielle de leon, who y is being very experienced in the, in and out they, me the lease and our region is a q loss, of course, for the government, but anyway, the policies on, on something

a long time to replace all analogues western ones, including turbines, now we can move away from siemens built three stations, this is the third, two stations were built in crimea, and one, on the taman peninsula, is a shock station, which we should already have this year run completely. less and less dependence on foreign developments in the field of medicine, the rostec enterprise today produces more than 150 types of medical equipment and medical equipment, the list is growing, it ended last year. the development of a russian ventilator; the first domestic medicine against hepatitis b for adults and children was registered; under government orders , rostec enterprises delivered more than 104 million doses of vaccine medications to the regions. elizaveta khramtsova, news. kiev militants shelled belgorod, as the governor reported, a woman was killed, another 29 people received shrapnel wounds injuries. according to the ministry of defense, air defense forces destroyed 12 shells. czech systems vampire. about the situation, igor pikhanov. ukrainian militants once again shelled belgorod an

earnings, you will get walmart and siemens, and nato military chiefs will meet in brussels on fridayeekend of activity in ukraine, with some gains for the russian military. china data, a data dump on friday, proxy prices, retail sales and industrial project released friday after that aggregate financing out of china contracted for the first time on record since 2005. the inflation data was also concerning out of the weekend. the data picture being rounded out of china on friday. stay with us. this is bloomberg. ♪ >> there isn't, at this time, much evidence in my view that inflation is stalling out at 3%. if you take a step back, what's happened is inflation went way up in the united states, and everywhere else in the world. tom: federal reserve bank of chicago president austan goolsbee speaking. we will hear from jay powell on tuesday. the chorus of voices from the fomc suggesting they are comfortable sitting higher for longer on rates out of the u.s., given what's been happening with inflation. does that change that narrative on the back of the inflation data that we expected? cpi t