rightist parties disagree with the eu government policy. the right wingers trying to play the nationalist card and lost the election. an ethnic serb says that gave him hope that the two communities will eventually be able to live in peace. reconciliation has made progress, but it will take time. >> if the owner is serbian, can be recognized by serbian. >> the serb cafÉ is right next to the croat cafe. the two communities merely coexist. they don't really live together. she is also working to promote reconciliation and belongs to another local minority, german- speaking residents. they have built a nest during the european house, home to eight organizations. she says croatians must work together to promote reconciliation. >> piece begins with us. >> ethnic serbs and croats are taking place in this workshop. today they are discussing the concept of forgiveness. but igor and yelena, who both lost their fathers in the war, are not quite ready to forgive. they still feel the pain of their loss to deeply for that. >> whenever hollywood wants to ge

rightist parties disagree with the eu government policy. the right wingers trying to play the nationalist card and lost the election. an ethnic serb says that gave him hope that the two communities will eventually be able to live in peace. reconciliation has made progress, but it will take time. >> if the owner is serbian, can be recognized by serbian. >> the serb cafÉ is right next to the croat cafe. the two communities merely coexist. they don't really live together. she is also working to promote reconciliation and belongs to another local minority, german- speaking residents. they have built a nest during the european house, home to eight organizations. she says croatians must work together to promote reconciliation. >> piece begins with us. >> ethnic serbs and croats are taking place in this workshop. today they are discussing the concept of forgiveness. but igor and yelena, who both lost their fathers in the war, are not quite ready to forgive. they still feel the pain of their loss to deeply for that. >> whenever hollywood wants to ge

. >> and the ee you and china tried to settle a solar panel squabble -- the eu and china tried to settle a solar panel squabble. a day of rage -- that is what the muslim brotherhood calls its campaign to reinstate egypt's deposed leader. thousands have flooded the streets of cairo. lex they have clashed with troops, and security forces say a number of demonstrators are dead. the military is trying to keep protesters away from the crowds celebrating the coup. >> a mass rally was held valley morsi's return. >> we are morsi's soldiers and we will defend him with our lives, the leader of the muslim brotherhood declared before tens of thousands in central cairo. it was a high point in a day of rage called by the muslim brotherhood to protest mohamed morsi's removal as egypt's president. protests were held across the country. one demonstration turned violent at the republican guard noting where morsi is believed to be under arrest. the army said it only used tear gas and blanks to disperse the crowd, but witnesses tell another story. there are conflicting reports about the number of dead and i

. >> and the ee you and china tried to settle a solar panel squabble -- the eu and china tried to settle a solar panel squabble. a day of rage -- that is what the muslim brotherhood calls its campaign to reinstate egypt's deposed leader. thousands have flooded the streets of cairo. lex they have clashed with troops, and security forces say a number of demonstrators are dead. the military is trying to keep protesters away from the crowds celebrating the coup. >> a mass rally was held valley morsi's return. >> we are morsi's soldiers and we will defend him with our lives, the leader of the muslim brotherhood declared before tens of thousands in central cairo. it was a high point in a day of rage called by the muslim brotherhood to protest mohamed morsi's removal as egypt's president. protests were held across the country. one demonstration turned violent at the republican guard noting where morsi is believed to be under arrest. the army said it only used tear gas and blanks to disperse the crowd, but witnesses tell another story. there are conflicting reports about the number of dead and i

the eu says it will resume trade pact negotiations with the u.s. in spite of the spying scandal. do you think this means the end of the data protection in europe? >> i think it means business as usual in europe. this is a continent with very grave economic problems. it badly needs growth. it badly needs jobs. the trade pact promises both of those, so there is a very great eagerness on the part of many eu governments to see negotiations on the trade treaty go forward. certainly the german government among them. i think there will be some kind of face hiking saving -- face- saving compromise where there will be some sort of gesture to restore trust on the part of the u.s. -- perhaps an apology, perhaps a commission of inquiry or such. the fact is, though, that the treaty is popular here in europe and a strong will to go ahead. data protection -- also still something many europeans very much believe in. particularly germany. there is a great sense of -- sensitivity here on issues of privacy, partly because of the country's history with authoritarianism. >> melinda, many thanks for y

do you believe the eu has leverage to say we will stop the trade talks. >> let's be clear. nobody is shocked that anybody is spying on anybody and certainly not the united states. friends spy on friends. allies spy on allies. we are certainly spying on our enemies. this is the way the world has worked since spying technology -- you said since get smart. none of this is a surprise. all of this huffing and puffing from the eu and the socialists in france, this is all nonsense. this is because their pride is hurt because after the snowden revelations it became public. they figure they have to huff and puff and attempt to try to do something to penalize the u.s. in the short-term it might actually hurt us a little bit, but not over the long-term. they need us more than we need them. >> the eu has problems of their own. i am guessing they want to do trade with us and they want more trade with us. >> you becha. they want it. they need it. they have to have it. look at the pigs. look at portugal, spain, italy, greece, they have disasterous economies. they need this much more than

. >> latvia joined the eu in 2004. the country's gross domestic product has grown at more than 5% since 2011. >>> delegates from russia are the new faces around the table at the world trade organization. they joined the group less than a year ago. and they're already facing a trade dispute with their counterparts from the eu. eu delegates have criticized the russians for what's called a recycling fee on imported vehicles. they say the russians are overcharging to protect domestic carmakers. they say the maximum fee for new cars is $3400. for vehicles older than three years, $22,000. eu officials say the tariffs have caused imports from the eu to fall by 7% while russia's domestic market expands. >> we have such recycling fees here in europe. the fact is, russia doesn't impose that same recycling fee on its own cars. so that's where the problem lies, is a discrimination against the european manufacturing. eu representatives want to meet with those from russia to discuss the issue. they say if they can't find a solution w

the eu says it will resume trade pact negotiations with the u.s. in spite of the spying scandal. do you think this means the end of the data protection in europe? >> i think it means business as usual in europe. this is a continent with very grave economic problems. it badly needs growth. it badly needs jobs. the trade pact promises both of those, so there is a very great eagerness on the part of many eu governments to see negotiations on the trade treaty go forward. certainly the german government among them. i think there will be some kind of face hiking saving -- face- saving compromise where there will be some sort of gesture to restore trust on the part of the u.s. -- perhaps an apology, perhaps a commission of inquiry or such. the fact is, though, that the treaty is popular here in europe and a strong will to go ahead. data protection -- also still something many europeans very much believe in. particularly germany. there is a great sense of -- sensitivity here on issues of privacy, partly because of the country's history with authoritarianism. >> melinda, many thanks for y

i feel like i'm coming home. >> the expansion of the eu is the first in six and half years. croatia is the first new member since the sovereign debt crisis in greece spread across the region. >>> more rf laevolution from th edward snowden affair. a magazine provided documents provided by snowden. spiegel reported on saturday that the nsa install bugs and the eu representative office in new york. it says to have eavesdropped on meetings and also reported the nsa infiltrated computer networks of the facilities. intercepting internal documents and e-mail. spiegel reported that eavesdropping also took place at an eu building in brussells around five years ago. the german magazine says such conduct but the cia was in an nsa document which snowden had taken with him. the president of the european parliament, smartin schultz, said if this is correct it will have a severe impact on relations between the eu and the u.s. schultz also demanded full clarification and further information from the u.s. government as soon adds possible. is now snowden is wanted in the u.s. for espionage. h

the '06 bilateral wine trade agreement with the u.s. and eu was a good start, and i would like to make sure that we continue that. along the same lines, counterfeit and imitation lines that are made by other countries that try to capitalize on our brand are a real problem and are a geographical indicator system works well. and i would like to make sure that we work to protect that as well. another agricultural product that's important to california is our rice. and recently the president and japan's prime minister sent a joint statement that said, and i'll paraphrase, all terrorists are on the table -- all tariffs are on the table. would like to very much make sure that this holds true to rise and we don't exempt rise in any agreement succumbing and. and we include them and work with them as we work towards facilitating this particular market. and then lastly, you have sent a letter to some of our senate colleagues talking about textiles. and i think he said that appropriate balance between divergent views was important. and i hope we can find

. >> the eu gives lot via the green light to join the euro in 2014. -- latvia the green light to join the euro in 2014. we begin this broadcast in egypt where the country is one step closer to forming a transitional government. a spokesman for the interim president says he has named a prominent economist as interim prime minister with the opposition leader, mohamed elbaradei, as his deputy. >> earlier this tuesday, the muslim brotherhood rejected the election timetable put forward by the interim leadership. it includes a constitutional referendum followed by elections in a presidential ballot within six months, but divisions remain on the future of the country. >> after long wrangling, egypt's new prime minister has been named. hazem el beblawi is a former finance minister and a social democrat. he is a compromise candidate, acceptable to both the liberal and ultraconservative parties who supported the removal of president mohamed morsi. opponents of the ousted president are still massing on tahrir square, pinning their hopes on elections promised by the new interim president. "by the

. >> it is the first time that eu justice ministers have met since the revelations of u.s. surveillance in europe. the disclosures by whistleblower edward snowden have injected new urgency into an idea that has been on the table for months. introducing common standards for protecting citizens privacy across the eu. >> this is about giving new momentum to the data protection directive. we have already had a german- french initiative. germany's minister has given concrete per -- protections. we want to do all we can to ensure data security. >> the eu's just as commissioner recently criticized berlin for dragging its feet on data protection. the new law would apply to all companies operating within the eu, even foreign ones, and it would shield personal information of eu citizens. brussels also wants to scrutinize existing agreements on data exchange with the united states. >> it is a question of citizens rights, a question of the common market, and of whether we europeans can impose our own rules in europe, of whether european law of lies or lawlessness. >> now, it is up to e

. >> it is the first time that eu justice ministers have met since the revelations of u.s. surveillance in europe. the disclosures by whistleblower edward snowden have injected new urgency into an idea that has been on the table for months. introducing common standards for protecting citizens privacy across the eu. >> this is about giving new momentum to the data protection directive. we have already had a german- french initiative. germany's minister has given concrete per -- protections. we want to do all we can to ensure data security. >> the eu's just as commissioner recently criticized berlin for dragging its feet on data protection. the new law would apply to all companies operating within the eu, even foreign ones, and it would shield personal information of eu citizens. brussels also wants to scrutinize existing agreements on data exchange with the united states. >> it is a question of citizens rights, a question of the common market, and of whether we europeans can impose our own rules in europe, of whether european law of lies or lawlessness. >> now, it is up to e

they say that china has blackmailed the eu into what they see as dumping prices. represented their interests they say it will take legal action against the deal. but the trade commissioner regret -- rejects the criticism. solar panels will help. >> is is not about putting a price that at any case you can sell european solar panels. that is different. that is not what it is about. and if the european solar industry wants to continue selling solar panels, there will have to be competitive with the rest of the world. >> the eu had planned to impose terrorists -- terrorists -- tarrifs. >> still ahead, an international manhunt. >> a brief look at how the stories making headlines right now. >> the opposition has released the results of the election. provisional results gave the victory to the ruling party. >> the syrian army has taken another district from rebel forces. the syrian observatory for human rights clash has continued, but confirmed that troops loyal to a saw that now control most of it. >> the eu's foreign-policy chief on a visit to cairo has urged them to th

they say that china has blackmailed the eu into what they see as dumping prices. represented their interests they say it will take legal action against the deal. but the trade commissioner regret -- rejects the criticism. solar panels will help. >> is is not about putting a price that at any case you can sell european solar panels. that is different. that is not what it is about. and if the european solar industry wants to continue selling solar panels, there will have to be competitive with the rest of the world. >> the eu had planned to impose terrorists -- terrorists -- tarrifs. >> still ahead, an international manhunt. >> a brief look at how the stories making headlines right now. >> the opposition has released the results of the election. provisional results gave the victory to the ruling party. >> the syrian army has taken another district from rebel forces. the syrian observatory for human rights clash has continued, but confirmed that troops loyal to a saw that now control most of it. >> the eu's foreign-policy chief on a visit to cairo has urged them to th

. >> the eu gives lot via the green light to join the euro in 2014. -- latvia the green light to join the euro in 2014. we begin this broadcast in egypt where the country is one step closer to forming a transitional government. a spokesman for the interim president says he has named a prominent economist as interim prime minister with the opposition leader, mohamed elbaradei, as his deputy. >> earlier this tuesday, the muslim brotherhood rejected the election timetable put forward by the interim leadership. it includes a constitutional referendum followed by elections in a presidential ballot within six months, but divisions remain on the future of the country. >> after long wrangling, egypt's new prime minister has been named. hazem el beblawi is a former finance minister and a social democrat. he is a compromise candidate, acceptable to both the liberal and ultraconservative parties who supported the removal of president mohamed morsi. opponents of the ousted president are still massing on tahrir square, pinning their hopes on elections promised by the new interim president. "by the

the u.s. is spying so hard on german citizens, but also on eu institutions and eu countries. sion in huge people are also quite angry. >> john kerry on monday echoed president obama's comments, downplaying the u.s. spying on it is notaying unusual. >> i will say every country in the world that is engaged in international affairs of national security undertakes lots of activities to protect and allonal security kinds of information contributes to that, and all i know is that is not unusual for lots of nations. >> that is secretary of state john kerry. malte spitz, did these spying revelations come as a surprise to you cap go -- you? >> not that much. the u.s. iss known .pying all over the world there are 500 million textidual communication each month. it is a huge part of espionage. i think there is no sense of [indiscernible] any longer. it is the u.s. secret agencies are spying so hard on the so- called threat and ally. >> malte spitz, if you could talk about your own quite remarkable story, about how you got the metadata on you. i started a lawsuit against not just a phone c

what's -- what's at stake here is an 8.1 billion euro sum of money. 4.8 billion euros to come from the eu. 1.8 billion to come from the imf. ultimately they're expected to get this money, though it will come through in two separate

the eu's policy chief meets the ousted president. in mali, the prime minister holds a comfortable lead. contesting the figures. the zimbabwe gearing up to vote on wednesday. facing off against the vice president. leaders promised to step down should he lose. there is accusations the polls have been doctored. an investigation into the train disaster has been made for but. the conductor was on the phone to a railway official. the train was traveling at almost twice the permitted speed. 79 people died when it jumped the tracks. welcome back. let's remind you of our guests. thank you for being with us. on the other side of our studio, a journalist with the arabic channel. thank you for being with us. amid, -- next to mohammed. his views and opinions very much enlivening our debate. from london from the suit of arab studies. -- institute of arab studies. and i will start in the first half with you. and put a provocative question to you about muhamed morsi. was it right that he was taken out of power because basically he was not up to the

how do we kickstart the economy? >> euleaders wanted to put themselves under pressure to act, but the summit was short on specifics. german trade unions and the opposition social democrats organized a protest outside of the jobs summit. they say angela merkel focusing on it makes her partially responsible for youth unemployment in countries like spain. >> no consensus was reached in today's talks. >> the meeting was intended to be an exchange between the leaders on what policies are working best to fight youth unemployment. as the chancellor said, it was a day of rolling up the sleeves in which they did share their best crack this is. she said all of the leaders had a real sense of urgency and they had agreed on several initiatives, among them to make labor markets function more flexibly to improve coordination and cooperation between jobs agencies in european countries and between them. and also to make sure that the european investment bank aside t provide most jobs for young people. a host of measures there. there will

the eu and u.s. have been talking about this for years. the high level of political engagement, we may be able to see some movement, perhaps in the next two to three years. >> in france there's been some, you know, debate about the culture -- which the european commission have told them they're going to have to give up trying to protect the media industries. how much of a block will that be? >> again, that depends on the level of political engagement that is afforded by each side. concessions will have to be made on each side. again, these are going to be rather difficult talks. but we are hopeful that, you know, with the economy in a fragile state right now, this eu/u.s. trade deal represents positive signalsiing by governments to the private sector. something we most definitely welcome. >> this comes as we're getting tit for tat retaliation between china and the eu over solar panels. other areas now coming under this. >> yes. this is something that we at the international chamber of commerce definitely are not in favor of. we object to t

those trade talks -- the eu and the u.s. those trade talks are being overshadowed by the -- >> the goal of the talks is to create the world's largest single market with binding rules covering everything from labor law to environmental protection. >> those areas will prove very thorny, along with the area of food safety standards, which will be difficult to standardize. >> selling cars across the atlantic. to date, an expensive and collocated undertaking. varying standards -- to date, an expensive and complicated undertaking. the german auto industry pays some $1 billion in tariffs each year. scrapping those levees could create new jobs and cut prices. -- those levies could create new jobs and cut prices to consumers. there are major sticking points, particularly in the agricultural air. while -- in the agricultural sector. while genetically modified foods are widely available in the u.s., they are heavily regulated in the ee y-- the eu. >> pope francis has made his first pastoral visit outside of rome, to the tiny island of

how do we kickstart the economy? >> euleaders wanted to put themselves under pressure to act, but the summit was short on specifics. german trade unions and the opposition social democrats organized a protest outside of the jobs summit. they say angela merkel focusing on it makes her partially responsible for youth unemployment in countries like spain. >> no consensus was reached in today's talks. >> the meeting was intended to be an exchange between the leaders on what policies are working best to fight youth unemployment. as the chancellor said, it was a day of rolling up the sleeves in which they did share their best crack this is. she said all of the leaders had a real sense of urgency and they had agreed on several initiatives, among them to make labor markets function more flexibly to improve coordination and cooperation between jobs agencies in european countries and between them. and also to make sure that the european investment bank aside t provide most jobs for young people. a host of measures there. there will

those trade talks -- the eu and the u.s. those trade talks are being overshadowed by the -- >> the goal of the talks is to create the world's largest single market with binding rules covering everything from labor law to environmental protection. >> those areas will prove very thorny, along with the area of food safety standards, which will be difficult to standardize. >> selling cars across the atlantic. to date, an expensive and collocated undertaking. varying standards -- to date, an expensive and complicated undertaking. the german auto industry pays some $1 billion in tariffs each year. scrapping those levees could create new jobs and cut prices. -- those levies could create new jobs and cut prices to consumers. there are major sticking points, particularly in the agricultural air. while -- in the agricultural sector. while genetically modified foods are widely available in the u.s., they are heavily regulated in the ee y-- the eu. >> pope francis has made his first pastoral visit outside of rome, to the tiny island of

this boosted by news that china and the eu have reached a deal on their trade dispute. o you, ross. >> all right. thanks for that. joining us from new york for the next half hour, chief economist at the cambridge group. all part of nielsen holdings. thanks very much indeed for joining us. it's very early this morning, i know. let's kick off in asia. huge concerns about chinese growth. it will be instructive to see what we get from the manufacturing pmis this week. what's your own sense? you've been doing a survey of how consumer spending might hold up there despite chinese growth. >> thank you, ross. it's a pleasure to be here this morning with you and the audience. nielsen is a global measurement company. and we collect information and provide insights about what consumers watch and what consumers buy all around the world. we've been doing the consumer confidence survey globally since 2005, and now we are in 58 countries. and your impression about china is quite opposite because as you know, there's this structural change that they're trying to accomplish there in terms

in retaliation, the eu issued economic sanctions. but brussels wants to keep lines of communication open. >> that does not prevent the continuation of dialogue with all political parties in lebanon. >> it will remain on the list for at least six months. it will be periodically reviewed. >> in egypt, at least two people were killed and 16 were wounded. the violence broke out after hundreds of supporters marched past and anti-morsi demonstration. his family is accusing the army of kidnapping the former president. he is not been seen since ousted from office on july 3. moving onto some business news, economic growth may have slowed in germany, but strong employment figures have kept those tax revenues rolling in. they collected nearly -- in the first half of the year. that is 3.5% more than in the same. income tax revenue also rose. tax collection figures were not the only ones. they also released their monthly report. more on this figures as well as how they went down and the markets. >> they spilled water into the wind today by predict

there is also criticism of the american approach and eu members don't tend to make the same connection between eight and trade. let's take a closer look. >> most prepared to navigate of the niger river, headed to timbuktu. on board, food provided by the wfp, the world food program. he takes two days to travel the 500 kilometers. those hit hardest by the conflict are found in timbuktu. many there are living in extreme poverty. one out of five households are faced with severe food shortages in northern mali. or the 25,000 people received aid from the wfp in march 2013. in addition to 150,000 displaced malians in other parts of the country. >> when food is available and the issue is purchasing power, it can cost less to give money to these people. so that they can buy goods. >> this can also have positive impacts on the market's development. >> in addition to developing the local economy, distributing vouchers helps reduce transport costs and avoid storing food and warehouses that don't respect certain norms. in this refugee camp in northern iraq, syrian families get their supplies direct

proceed with negotiations on removing or lowering tariffs on japan's industrial products for export to the eu. the japanese negotiators hope to continue working level talks before the third round of discussion scheduled for october. >>> the tokyo district court has given a three-year prison term suspended for fives years to the president of olympus. he and other executives set up funds overseas and shifted investment losses to window dress the firm's accounts. they were convicted on charges of concealing over $1.2 billion in losses at the optical equipment maker. the presiding judge said the former president bears grave responsibility for having authorized the cover-up of huge losses. only a limited number of olympus executives gained access to key information. they said they were not performing their supervisory role but the judge added it cannot be ruled out that the former executives had to inherit the losses from their predecessors. the court also ordered olympus to pay a fine of $7 million. >>> the humanoid robot famous for walking on its legs of the now famous for its ability to interac

in april with the eu. and in may japanese officials began talks on the regional comprehensive economic partnership which includes asean and five other countries. japanese are focusing on free trade for a number of reasons. the domestic parkt is expected to shrink because of the declining birthrate and growing number of elderly. the rise in cheaper imports is expected to increase in consumption. and japanese companies need to be more globally competitive. government officials say the trade agreements will pay off. they project joining the tpp alone will boost real gdp $32 billion a year. japan takes part in the tpp talks later this month. the nations involved plan to reach an agreement by the end of the year. >> now, just because japanese negotiators are joining the tpp discussions, it doesn't mean everyone in this country supports the free trade deal. our keiko aso looks at opinions. >> this company produces precision parts for automobiles including fuel injection devices. it's number one foreign market is

and already they're facing a trade dispute with their counterparts from the european union. eu delegates have criticized the russians for what's called a recycling fee on imported vehicles. they say the russians are overcharging to protect domestic car makers. they say the maximum fee for new cars is $3,400. for vehicles older than three it has caused imports from the eu to fall by 7% while russia's domestic market expands. >> we actually have such recycling fees here in europe. but the fact is, russia doesn't impose that same recycling fee on its own cars. so that's where the problem lies. it's a discrimination against the european manufacturing. >> eu representatives want to meet with those from russia to discuss the issue. they say if they can't find a solution within 60 days, they may ask wto officials whether the tariffs are legal. >>> survivors of the disaster two years ago in northeastern japan are still struggling with what they lost. almost 20,000 people died when the tsunami washed ashore. a girl who lost her older brother is now close to the age he was when he died.

audiovisual matters, as there has been with all of the eu mandate talks. and there is the opportunity to opt back in. anything i can do to help. >> rev. william mcrae. >> i welcome the visitor to afghanistan to pay tribute to our troops and fighting terrorism there. we must never forget the sacrifice of those who died in the conflict. can the prime minister make sure that those who returned under the troops returning home, many of them were wounded, body and mind. receive all the attention -- they needed. >> i think that if you look at the advances that have been made in recent years, what is available in afghanistan and in transport aircraft back to afghanistan and what is available back in the u.k., i think it is second to none. we also have to think of what happens next, which is what these centers of expertise around the country are all about. continue the work of the presence in terms of military covenants. and continued to channel resources into these vital areas. >> james gray? >> there are 44 british deaths that the prime minister referred to. the p

now, the eu is planning to impose limits. currently, businesses pay between .7% and five percent of the purchase price. the fees are set by card issuers. american express charge more than mastercard, and that is one reason why some businesses only accept certain plastic. and rates vary sector to sector. grocery stores pay less than airlines. another factor is the cardholder's nationality. transactions are tourists from the u.s. cost businesses more. transactions are now to be limited to .3% of the bill. it would apply first to cross border chargers in the extended to all payments. the only businesses who will not be happy our credit card providers, who take in an annual 5.7 billion euros in transaction fees. analysts expect those earnings to be nearly have -- halved. >> the captain accused of causing the costa concordia shipwreck wasn't court today -- was in court today. proceedings have been delayed due to a strike. >> he's accused of abandoning his vessel. prosecutors are expected to demand a 20-year prison sentence. 32 peop

more to come from "worldwide exchange." >>> the eu is demanding answers from the u.s. reports that washington is spying on states including germany and france as well as eu operations in brussels. the national security agency has bugged eu offices and gained access to internal computer networks. the british "guardian" newspaper adds that america is also targeting a number of european and non-european so-called allies. america says it will respond through diplomatic channels. the french green party has urged the government to give snowden asylum, this after the president of the european parliament added his voice to a number of eu officials expressing outrage. >> i'm shocked in case that it is true, i feel treated as a european and representative of a european institution like the representative of an enemy. is this the basis for a constructive relationship on the basis of mutual trust? >>> meanwhile, the u.s. president is on his way to tanzania for the last leg of his africa trip before leaving south africa, obama unveiled a $7 billion initiative to help africa build mo

now, the eu is planning to impose limits. currently, businesses pay between .7% and five percent of the purchase price. the fees are set by card issuers. american express charge more than mastercard, and that is one reason why some businesses only accept certain plastic. and rates vary sector to sector. grocery stores pay less than airlines. another factor is the cardholder's nationality. transactions are tourists from the u.s. cost businesses more. transactions are now to be limited to .3% of the bill. it would apply first to cross border chargers in the extended to all payments. the only businesses who will not be happy our credit card providers, who take in an annual 5.7 billion euros in transaction fees. analysts expect ththe earnings to be nearly have -- halved. >> the captain accused of causing the costa concordia shipwreck wasn't court today -- was in court today. proceedings have been delayed due to a strike. >> he's accused of abandoning his vessel. prosecutors are expected to demand a 20-year prison sentence. 32 peop

we become that dialogue with the eu as well. and this can become an increasing part of the trade agreement going forward. we are having to work with you and get your input as well. >> i appreciate that. i can appreciate the fact that the data must be protected and it's a very important part of this. so at this time there is a really good case model that you could say yes, this is going to work for us? >> i think that it is farthest along in terms of negotiation. i think that we need to demand flexible on how best to raise standards depending on the partners we are working. >> thank you. >> mr. chairman, mr. froman, thank you for being here in the service to our country and we look forward to working with you on the robust or trade agenda. you have a lot on your plate. let me just voice a couple of concerns and i'm happy to welcome us. i appreciate the report on the compliance and further action and we felt that it was important to get the sixth largest economy into a global rules-based trading system. .. japan's a late entry in t

the eu's foreign-policy chief is back in egypt to meet the country's new leaders and representatives from the muslim brotherhood's freedom and justice party. it follows three days of violence which has left dozens of people dead. iraq havebs across left at least 36 people dead. most of the explosions occurred in mostly shiite areas of baghdad. there also have been attacks in the south in basra. the votes are being counted in mali's presidential election. millions of ballots were cast on sunday in the first election since the military to -- coup. it is hoped the vote will establish order in mali. rebel groups declared an independent state in the north. it took military intervention by the french to bring the region under control. our correspondent joins us live from mali's capital of palma co -- bamako. what is the mood there at the moment at the capital? >> you join us on a rather blustery day here in mali, but there is relief that this election went peacefully on the whole and millions of people do turn out to vote, although there were some technical problems. some people cannot not

. >> as you know, the arms embargo -- eu arms embargo was not renewed at the last eu foreign ministers meeting. has that damaged your relationship with any of your european partners? >> no. they're used to quite robust arguments, either with me or with each other, actually. and there was quite a variety of views around the table. and we and france were very much of the same view, and many, many countries advocated several other countries advocated the position we ended up with, in fact, germany was also very helpful in bringing that about. so no, it hasn't in any way damaged relations. we expect to have some robust exchanges at the foreign affairs council. >> has the lifting of the embargo made any difference at all in your approach? >> it's simply provided the flexibility for nation states to make their decisions in the future. and that was our objective, and to demonstrate that in our view, there's no moral equivalence. if it's really back to your earlier question, mr. chairman of do we prefer one side to another? yes, we do prefer. these people who are sincere in what they want for

if evidence like this one today helps to give visibility to the eu proposals, and there will be more t at the end of the day for the implementation, we have to say it is helpful. >> so the topic of austerity here there is a lot of talk about germany essentially, the push to a lot of austerity in southern europe has aaggravated problem. do you think that's the case. >> i believe the problem of youth employment cannot be separated from the macro economic conditions. indeed it is true that at this moment we don't have the right macro economic policy mix for sustainable recovery in the so-called deficit country, a lot of fiscal and financial adjustment has taken place. we would need new measures, like bringing forward the elements of the banking union in order to ensure there are better financing conditions for growth and investment in the countries and that would also create better opportunities in the enterprise sector for hiring young people too. >> 6 billion euros of youth guarantees, you have agreed on, it looks a bit like a drop in the ocean considering the amount of more than 5.5 m

directolleague is the are in charge of eu policy. warmnk we have had a relationship. i think we have been able to communicate by telephone. at various junctures it has been helpful to have your reactions. let me say something to the point you have made. i am happy to take any members of the committee have. in terms of the agenda many of you will know there is no such thing as a draft agenda. the provisional agenda tends to the thursday before the meeting on tuesday, so it is quite late in the day. there is a lot of variation. the dossier can be on or off again. there is no reason at all you should not the experiencing what , so i am happyng a rapidly changing agenda in the weeks ahead. you are aware of what is going on. >> the committee is always ready to feel your pain. i do emphasize the point you have been kind enough to tell me an later this year when you put , you were kind enough to alert me. could the transferred to the policy advisor. those little updates would be most helpful. sometimes when things are informuickly, they can -- i think you have had in formal s

and jpmorgan ceo jamie dimon will immediate with the eu internal market in brussels. ted to discuss his concerns about proposals for european wide banking reforms that might hit the wall street giant overseas. ubs replaced bank of america as the biggest private bank in an annual list compiled by scorpio partnership. they saw a 9.7% growth in overall assets to $1.7 trillion. that compares with 9.5% growth at bank of america. it is a coup for ubs as they try to scale back its investment banking division. shares of ubs today just off a quarter percent with the market. over in japan, consumer confidence slipped in june for first time in six months. so is this a bit of abenomics fatigue? more in tokyo. >> consumer confidence fell to 44.3 in japan last month as the stock market roller coaster ride rattled consumers. despite tumbling from 45.7, the prime minister's office is not worried. shinzo abe's office says the level of the index fall is negligible and point out that the stock prices have been regaining recently. the bank of japan seems to share the optimistic view. the

that the united states, the nsa, the national security agency, has been spying on its own allies on the eu, the european union, by bugging offices, hacking computers. now these allegations believed to have come from edward snowden who, as far as we know is still in that transit lounge in the moscow airport. russia says hands off. he hasn't touched their soil and now ecuador, the country that had been willing to help says until russia does something or until he can get to an ecuadoran embassy or to ecuador, there's nothing they can do about grnting himfter ecuador's presi spoke with vice president biden about the situation. the vice president leaning on ecuador to send snowden home. at this point it looks like he's stuck. according to that german magazine, still talking. betty? >> the saga continues. thank you. >>> other news making the headlines today. a cirque du soleil performer died saturday after an accident during a show at the gm grand. audience members said the performer fell close to 50 feet into a pit below the stage. supreme court justice anthony kennedy denied a request by propo