he knows his position potentially breaks some treaties with the eu. nonetheless, the general mood in britain is changing. what is it like right now? >> it is difficult. cameron feels he has to sharpen his tone. ukip, the eurosceptic party which is breathing down his neck, was very successful in european elections, and cameron was holding this speech today in front of a member who defected recently from the tories to ukip , and when his election. there seems to be a general undercurrent at the moment of skepticism, worries about immigration in this country, and the fact that also the opposition leader did not say anything pro-european, pro-immigration shows you that you cannot win with a pro-european message in this country at the moment. >> a sea change on immigration in britain right now. thank you so much. to nigeria now -- the country has seen another bloody attack on civilians apparently by the islamist boko haram. at least 35 people have been killed at the central mosque in a northern city. some reports put the death toll as high as 120. >> police

free movement across the eu. live in berlin with a little more. how serious is this warning from merkel? cameron are personified as seeing this close relationship in the press. >> the first thing you have to remember is merkel wants the u.k. to stay in the e.u. she has left no doubt. there is the question of how far david cameron can push his national or domestic agenda without running afoul of merkel. this is what seems to have happened here. she already made a similar comment after the last eu summit , if you remember last week, and now she presumably to her aid talking kind of rubbed it in. why is she ultimately interested in keeping the u.k. in the eu? you can see it. it's a big player, and she has always reached out to cameron during these times of stress. this is as much for her own interest really as it is for cameron, isn't it? >> yes, in many ways that's true. the way she frames the argument is that a country like the u.k. with its free-market tradition is something that is direly needed in the eu, and we are partners in certain aspects of

aim is to negotiate these changes for the whole eu because i think they will benefit the whole eu. into account the circumstances of our own welfare system. of course, we would expect them to apply on a reciprocal basis to british citizens elsewhere in the you -- in the eu. theif negotiating for entire eu should not be possible, i would like to see them in a u.k.-only settlement. i know that many people will say this is impossible, just impossible. some of the most ardent supporters of the european union will say it is impossible, fearing that if an accommodation is made for britain, the whole european union will unravel. and those who passionately wanted britain to leave, they will say it is impossible and the only way to control immigration is for united kingdom to leave the european union. on this they would at least agree. to those who claim that change is impossible, i respond with one word, the most powerful word in the english language. why? why is it impossible? why is it impossible to find a way forward on this issue and other issues that meet the real concerns of a major m

that is when the eu has to rule on whether their budget are in line. french want to take a shot of brussels, this is a perfect chance. becauselso interested some are suggesting this is just a way of appeasing europeans, especially the french in terms of the european union trying to take care of you so that they thet vote the right way and elections in the next couple of years. is that fair? >> the question is, is there new money to create jobs and create investment? yes. we saw last month that european banks are healthy. have strong balance sheets. how do you get that money off the european bank balance sheet and into projects, whether they are high-tech, infrastructure, inside of the eu to spur job growth? that is going to be the test on what happens so that the right or center or in some cases extremist parties, whether there is job growth or robust economic growth. >> let's bring the conversation back to the u.k. thomas cook is a big mover this one. this is after the ceo stepped down. the news was released at the company's full-year earnings were re

and there are members of his own party defecting to the anti-eu party. critics say he is missing out on finding his own position. he is being chased by the right-wing voices. he finds himself in a corner where maybe an exit from the eu may be inevitable. >> thank you very much there. thank you both very much. to ukraine now where the crisis in the east of the country seems worst this monday. the latest flashpoint coming from the ballot box. >> pro-russian rebels elected separatist leader in the donetsk and luhansk regions on sunday in a vote that basically everyone except russia refuses to recognize. >> ukraine's president is calling the poll a farce that puts the cease-fire in jeopardy. >> we will have more from donetsk, but first this report. >> the electoral commission of these cells reclaimed donetsk p old republic declared a clear winner after a campaign full of promises. in the luhansk, the rebel leader was said to have cruised to victory. the electoral division chairman had a defiant message. >> kiev needs to accept the idea that we are no longer p

has the same conversation and the eu has a bigger plan. the moment the eu directive is going through its aim is that and the by 2020 all should deal to reach a target of 40% of nonexecutive ofectors or 33% in terms unitary board. there is a clause that says if as a company you can show you will get there on your on the new can opt out. >> thank you very much for stay tuned for bloomberg this morning and we will hear from the ecb president and he will be the central bank financial stability review and he will also be speaking to us later on this morning here at bloomberg's of don't miss that. you can join the conversation and tell us what you think about women on board and google or what you want to hear later, find me on twitter. coming up on the program i am naming names. new economic team and we will talk about the names topping her list. ♪ theelcome back, now to charged lesson economy. mean for brazil's growth story let's welcome a member of the brazilian economist, anthony. good to see you this morning. let's start with the man who many

they are getting down to that the eu is going to take the risk is aspects.bsorb the first losses if there are any. then they hope to crowd in private money. angela merkel agrees with it in principle. wants just said she to see specific projects. right now we need hard projects and private investors. >> hans, the ratios are pretty incredible. is very optimistic. the french and italians, i suspect, would be in favor of more upfront capital. real money to invest in these projects. landscapee political looking like? schulzwatching margitin at the european parliament. >> the germans will be under pressure to contribute. the french and the italians who might have budget deficits, there challenges may be how do they criticize the program as not being big enough without contributing to it. i don't want to call this a masterstroke by juncker. he is allowing himself a defense to future criticism that the initial seed capital was not big enough. he can always say countries can contribute. they will get this 15 times multiplier effect. 8 15 times, if he went with the nu

- with the new eu foreign-policy chief, her first visit outside the eu. he criticized the palestinian leaders for not letting jews go up to this area. a little bit having it both ways. >> irris we are also hearing of a series of explosions in gaza, targeting the leaders of palestinian president mahmoud abbas' fatah party. what more can you tell us about this? >> this has been a surprise. next week is the 10th anniversary of yasser arafat. commemorations were planned -- are planned. tuesday is the day. what we see today is 10 explosions outside the houses of 10 fatah leaders, a bomb placed in the car of the fatah spokesman, and the area where the commemoration was due to take lace, there was an explosion. -- take place, there was an explosion. there are letters supposedly signed by isis. neither five top or hamas -- neither fatah or hamas believe it is isis, but it has put into doubt plans to commemorate. >> thank you for that update. not to ukraine where there are reports of a new russian tank incursion into the country -- now to ukraine, where there are

going again on the eu row that we are looking at, too. quite a row about a specific amount of money that the uk doesn't want to pay back. >> yeah, there is that. but there's also lots of other stuff, if you will, on the agenda. growth, or lack of growth. let me explain. while europe's finance ministers are gathering in brussels to discuss this growing row over eu budgets, there are more problems looming in that region. the eurozone. because new figures indicate that german industrial production, it rose less than expected in september. really, look, it's just another sign that europe powerhouse is continuing to struggle. on thursday, we had the european central bank saying it was poised to help eurozone bolster growth. they cut its growth forecast to just 0.8% this year, that is down from the previous estimate of 1.2%. looking further at this and going live to germany coming up on "gmt" in just over an hour's time. now, the global financial markets, they are also awaiting the latest important u.s. jobs numbers. they are due out in just und

to stay in the eu. reached out to david cameron on the multiple times over the recent months to try and make that happen. this immigration issue has turned into a problem for her. that now with this morning she is trying to draw a line of how far she is prepared to back the u.k. government. >> run me through this. we talk about a possible british exit being a disaster for all of europe. she is interested in keeping the u.k. in the eu. up week as iis will do everything to keep you inside. not at any price is basically what she is saying. she has hinted at this before. this is causing the latest quite a stir in the u.k.. merkel has of writing factors to consider. as much as she would like the u.k. to stay in the european union, she cites arguments such as the uk's free market tradition being important to the eu as a whole. she can only push that so far. ,isn't in the report she doesn't want to be seen as promoting an anti-immigration agenda in europe. >> how does this fit into her broader agenda of trying

written documents were rejected by a senior official at the eu court of justice. e played by hundreds of millions of people. king digital, the maker of releasedush saga," has a follow-up to its hugely-successful franchise. here with more is caroline hyde. tell us about this game, played by hundreds of millions. many hundreds. >> on average, almost 500 million people. that is more than the entire of the united states. they are dining out on the "candy crush" brand. it has been a phenomenal success so far. it is one of the top-grossing games since launching november 2012. the equivalent to 71 times the world population, games played. over $1 billion on these sorts of games. they have released a sister title. apparently, you add a bit of soda. it is still a match 3 game. and they are marketing this heart. -- hard. they had a soda fountain display by a bridge in london. and a giant illuminated replica bear, a 70-foot high candy . it has gone all out. >> where is this going to be? where are they expecting this to take off? what isok at asia -- interesting, this is comin

the new deal. unveil a package. euer says that they should only be broken up as a last resort. >> welcome to countdown. i am mark orton. >> the meeting starts tomorrow and they got down to business. they supplied one third of the new world's crude oil and they could preemptively agree to a cut in output. they say he got the only interview with the chief executive in the largest. good morning. what did he have to say. >> it was a cold and dark night. dashing effectively their hopes with that. the stage was set for the price of oil to rise. you had four countries gathering. and, mexico and russia. they are all talking about boosting oil prices. oil went below $10 a barrel. the first three of those countries agreed to walk parade together and the price of oil shot up. the ceo of the oil the largest oil producer. he told me, effectively, the times. we have more consultations. quarter isery necessary. russia's oil industry was privatized a long time ago. there are private owners and key julliard is to russia. like logistics

the solution is to leave the eu. ion is to vote ukip. .hat is a simplistic analysis it does not mean that the way to counter it is necessarily to echo ukip's lines. conservatives can be talking about the economic recovery. itour has many arguments could be talking about, starting with the nhs. of this isy of all that leaving the eu would expose the u.k. to globalization on a greater level. that is an argument we do not hear anywhere. alone.d go it going it alone in the global system is probably harder to do. than going -- harder to there are some protections that come with membership of the eu. why is british politics getting so obsessed with immigration? is it because nobody can figure out a way of countering the ukip threat. why is the political narrative so narrowly defined? >> political parties are panicking. the reality is that most people in britain do not support ukip. hade are votes to be elsewhere. we have had the european withions and by elections low turnout, which magnifies the threat from ukip. it is a bi

we will get both sides for being in the eu are out of the eu..ate which is best for britain, membership are going it alone? the politics is interesting as well. we will get rob hutton's take on the politics. is a broader this story and business is affected. >> it is very much a business agenda. what is interesting to me is that we come into this and nobody knows who the conservative candidate is. who she is, what she stands for. this is turning into presidential politics. bus. has always been increasingly, the u.k. has been dominated by leadership. you look at the problems in the labour party and their struggles with ed miliband and whether he is the right man, and whether you can have a party leader that people are not in favor of and still see your self forming a government. leadership is very important. we know who mark reckless is but nigel farage is the figurehead when it comes to ukip as well. the interesting thing about this by election is if reckless wins, you could see further defection from the conservative party. i think it is going t

but what about the response from other eu countries? we can go now to damian grammaticus, who is in poland. damian, we know well enough an awful lot of polls have swept across into the uk. working hard, but many of them enjoying some benefits here as well. what are they going to make of this? it's a pretty stringent cut, isn't it? >> reporter: it's a very good question. that's exactly why we're here in the grounds of the university, it's a couple hours outside warsaw, one of the poorer regions of the country. from this district, this area, we think something like 30,000 poles have gone to the uk in the last decade. with me, who were listening to david cameron, two of the students here, adrianna. you heard david cameron. what did you think of what you heard him say? >> i think it's really a nice speech, a really smart speech. i think the polish people must care about this because generally people should go to uk for permanent, not just temporary. if they go for temporary, they shouldn't ask about benefits. >> reporter: so you support what

on free movement throughout the eu. ad the outgoing president of the eu, mr. barroso here in london just the other week saying you won't get a deal on that. if you want to go down that road, you'll have to leave the eu. we've had president hollande saying it's not a priority for anyone else in the eu. we've had a number of eastern eu leaders saying exactly the same, and now mrs. merkel. why mrs. merkel's comments are perhaps more significant, it's not just because of who she is. the fact that she is the key pivotal player in europe. but also the tone of her reported remarks. her suggestion that really mr. cameron was leaving himself no room for maneuver. you've got a sense of her exasperation, frustration. almost resignation now that mr. cameron was incrementally taking britain out of the eu. that said, when you talk to folk in downing street this morning, they are adamant that they are going to cut a deal, which they think is in britain's interest, and never mind what mrs. merkel is saying, they have to do what they thi

total exports to the non-eurozone eu rose by nearly 14%. r countries inside the eurozone, the increase was 3.4% and over 10.5%. analysts say the eu's current weakness has made german export more attractive. a further boost has come from economic improvements in countries like the u.s., but economists say german producers should not rest on their laurels. the economies of many eu countries, germany's biggest partners, are still unstable. >> those german export numbers were not enough to convince investors in germany. >> better german export numbers -- this was not enough to inspire investors on this last trading day of the week syria and also, the weekly performance of the german dax is negative. 12 dax companies reported earnings in the course of this week. only half of them managed to convince investors. this also means that to question whether or not the downswing over the german economy over the summer was temporary cannot be answered finally yet. adding to all this this friday, unsettling news from the east of ukraine came in, and this w

the eu has cut its euro area growth forecast. s inflation forecast for this year and next year. we had a lot of companies saying they were very concerned about the situation in europe. the other concern is disinflation that could lead to deflation. this is a worrying sign that the eu has cut its inflation forecast for 2014 and 2015. >> the bad news just keeps coming. that brings the official line in line with where the market expectation was. an ongoing story, a difficult dilemma for mario draghi. he needs the fiscal story to develop a little bit further. running out of road on the monetary front maybe. and little bit of volatility in this space as well. this.ch of a reaction to topet's get straight to our corporate story. jpmorgan faces a u.s. come in all investigation into its foreign exchange dealings. they have boosted maximum estimate for reasonably possible losses on legal cases. that they are actually predicting this will happen or is this a safeguard? they are preparing. whether or not that is a prediction or a signal to t

and the eu. time for the day's business news. let's start with a gloomy economic outlook. >> sluggish economic growth, low inflation, and in looming budget deficit for france. the european commission says that while recovery is underway, it is slower than had been expected. it is particularly hard to digest -- the budget deficit will rise to 4.7 percent of gdp. >> european commission delivered a grim message on the region's economy. >> there is no single and simple answer. economic recovery is clearly struggling to gather momentum. >> eurozone's two largest economies saw the forecast cut 1% from six months ago. there is more bad news on the budget front for parents. the budget deficit will rise to 4.7% of gdp by 2016, far above the french government's forecast , and it will make it the largest deficit in europe. difficult to do when the economy is stagnant. >> france is expected to register only slow growth and 0.7%, a subdued pace of private consumption, and still contracting. >> eurozone was also revised down to 1.1%. deep-seat

moldova signed a trade agreement with the eu, and most people in the country see themselves as culturally close to romania, which is an eu member, and others want ties with russia. >> that divide is said to be reflected in the vote. >> this russian school used to have a thousand students. today there are about 400. it is a pattern repeated across moldova aware many parents are choosing to send their children to romanian language schools instead. >> we get the same money to the state. when there is a project from other countries, the romanian schools get more projects. even if you try to fight for it, the romanian schools have priority. >> moldova is divided between its russian and romanian ethnic groups. this is a small province in the south, which is russian. vladimir putin is popular here. and despite a general ban on moldovan products, people are a land sell goods to russia. the european union seems far away. >> we want everything to be good, but we do not want romain-ization. >> no one welcomes us in europe. >> lenin still stands in front of the government building. they enjoyed speci

making itssee the eu final decision in february on this issue. alt, regulation authority in the u .k. might have to make some sort of stipulations as to what they do about the structures. that is unclear. >> thanks for the update. two big stories affecting british banking. what is on our raider? the euro area economy risks reviewed slow down. 52.1% tofell from 52.4%. u.k., voting away and the parliament or by election. the results are expected early friday morning. fifa's president has rejected calls to release the investigation into the 2012 world cup. says publications apportions may be possible if the person waives legal action. still ahead, we carry on a conversation on banking bonuses. what do you think? are bonuses the best way of controlling risk within financial institutions? mark carney has been talking about this. he's concerned about the rise of fixed pay. are bonuses the best way of controlling behavior? should we be looking at bonus bonds? let us know. find us on twitter. ♪ >> you are watching "the pulse" in london. the currency marke

in the u.s.-eus against russia over its invasion of ukraine. now serbia should be able to have a relationship with russia and a relationship with the european union. but i left belgrade seeing some alarming parallels with ukraine. and these are apples and oranges, but former ukrainian president yanukovych sought to have it both ways too, but the long process of application to, and negotiation with, the european union left russia with plenty of time to use a panoply of sticks and carrots to lure yanukovych back into the russian orbit. serbia isn't getting a full invite to join the eu anytime soon, and this leaves plenty of time for russia to increase its leverage over belgrade and to ultimately force it to choose, mother russia or europe and the united states. that forced choice, in kiev, resulted in chaos. we shouldn't let it happen again. in montenegro, russian ties are not as strong, but their intentions for gaining influence are no less than in serbia. we have a good ally today in prime minister

u.k.ver chances of the leaving the eu? the scottish referendum, i think it is sufficiently bad. in multiple ways. it is sufficiently likely that we have to take this as a huge threat. allnd it repugnant that parties, particularly the conservative, but all parties are catering to the small minded . ventures. it is a betrayal of the u.k.'s best interests. >> talk to me about the bank of england. you were involved as in mpc member for years. carney's communication skills. set ofrnor carney has a reforms underway. he is going to make a bunch of proposals soon. i think -- there is stuff about forecasting. when i was there they did a bad job. they continue to do a bad job. >> does the central bank ever doing good job? >> people are presuming too much accuracy. in 2002-2006 it was accurate because it was a randomly happy period in the world economy. on the communication, governor away from theed forward guidance he and his colleagues had put out there and said it is going to be data driven. i wish he took a page from and greenspan

as we've just heard from jenny, it is indeed the same in many eu countries. anti-immigration parties have been on the rise. not least in france, where the far right national front was once on the political fringes, but its leader has worked to bring the party into the mainstream. lucy williamson has been to meet her. >> reporter: this city has been for centuries a gateway to france. this little seaside town has been taken by romans, pirates, muslim invaders, and now by the national front. once a party on the political fringe, with france's economy dormant and its politicians swamped by splits and scandals, 11 towns, including this one, are giving it a chance. it is a showcase for the new face of the national front. its mayor, just 26 years old with a jewish father, part of a rebranding campaign designed the show the party as moderate, responsible, and ready to govern. but that tolerance hasn't stretched to the town's new mosque. built, but not yet opened. the mayor has promised voters a referendum on whether it can go ahead. instead, as the daily temperature d

we have benefited greatly at easyjet from the eu. aveit escaped your attention there has been speculation about your future and where your career might go next, the telegraph wrote a praising article to you for delivering 10 times more profit compared to when you first joined and suggesting if you like a challenge you might like a job in the retail sector. any thoughts? >> i think the aviation sector ,s pretty challenging every day i love what i am doing at easyjet and i think we are doing brilliantly for our customers and i intend to keep doing that for a long time to come. onjoining us for more easyjet one of the airlines analysts. we started the conversation just there with capacity and increasing runways but when we look at capacity from airline to everyone is talking about it, how crowded is it getting? >> we've gone from an environment where there were two low-cost carriers trying to take shares from the legacy that is easyjet and ryanair. to certainly a more crowded space, give norwegian, with their, and always pretty aggressiv

some would argue this widens the gap between where the eu is versus the u.s. and we're heading in the wrong direction. >> yeah. it feels like the nail and the hammer is a much wider issue. i think this is a much more highly charged issue than what is at hand in this report. >> i think the disconnect between the way that the americans -- and the eu is seeing this is driven a lot by the political agendas. i think there's concerns over the amount of data google handle. i think the way they're trying to pursue this at the moment is not the same issue and they're trying to find a point. it feels also like history repeating itself. is it the same rhetoric microsoft got during the 90s around having a monopoly during 2000 and wanting them to bundle next door with their service. >> we're just following momentum for the tech investment, but we don't have a long view in google. >> as a tech entrepreneur, i want to ask you, when you see this policy, this push back from eu lawmakers, is it discouraging and do you think it will stop others from their presence here? >> yeah,

his day job i mentioned european parliament, worship at, he stands out as a very vocal critic of the eu. he is one of britain's most prominent and respected political commentators. especially to his influential blog at the telegraph. with the book award of inten ins to of the best books advances conservative principles. in that regard i thank our distinguished panel of judges, some of whom are here this evening has made it very fine choice with "inventing freedom." "inventing freedom." isi commissions to the future leaders are prepared to defend and advance the principles that make american freedom prosperous. inventing the sms rule account of the origin and spread of those principles. in the process of those principles created a fear of liberty that today to me leaders take for granted. tim neverett people take for granted. i will let dan tell you more about all that. without further ado of want to introduce the winner of the 2014 henry and anne paolucci book award, daniel hannan. [applause] >> thank you for those extraordinary generous remarks. i was wanted it was you were talking abo

the eu is facing out -- phasing out subsidies for coal. some skeptics say they will believe it when they see it. >> the objective of the law is good. but they need to become reality. >> the ecology sector has been the target of many cuts. nothing is being said about the issue of diesel. >> touching on transport, he spoke in the capital. the health sector came under the microscope, too. an information campaign on pesticides was also tabled -- was tabled. >> the french president speaking earlier on, calling for unity at that summit in paris next year. we can hear more from the french president, france will hollande later on. he spoke exclusively to "france 24." the full interview will be aired in about 20 minutes from now. stay tuned for that. researchers say they are a step closer developing a vaccine against the deadly ebola virus. this comes amid the worst ever outbreak of the disease, which has claimed the lives of more than 5600 people, most in west africa. the vaccine will be available for months. the national institute of allergy and i

that is where we have benefited greatly is easyjet from the eu. en a bit of speculating about what your future might hold, where your career might go. suggesting if you like a challenge you might like a challenge in the retail sector. >> the aviation sectors pretty challenging. i love what i am doing at easyjet. keep doing that for a long time to come. >> thank you. the ceo of easyjet. >> coming up our next guest says is european car market recovering slowly but surely and he sees a bright spot in a country you would not expect. joining us for conversation coming up next. ♪ >> we just had the european car signals breaking across the bloomberg terminal. thepean car sales up in month. we're on for the first annual gain since 2007. joining me now is our guest. he is senior consultant over at frost and sullivan joining us from paris. thank you for joining us. these are a good set of numbers but when you look into the detail you see that discounting is up and there are parts of europe under pressure. >> true. if you look at the biggest market, germany.

. >> a congolese doctor has just received the eu's top human rights award. dennis book whatdr. dennis mcculloch way -- denis mukwege was awarded the award for helping gang rape victims. the human rights prize was given by the european parliament president martin schulz. let's hear what the doctor had to say upon receiving the award. >> the woman's body in my country has become a battleground, and rape is used as an instrument of war. we have decided to raise the visibility, the struggle which has been put on congolese women for years, and to recognize their suffering and to recognize their dignity and the courage. [applause] >> back here in paris, modern art lovers are in for a treat. the first ever french retrospective of american artist jeff koons has opened at the pompidou center. koons is that master of kids tch, like the big balloon dog, a porcelain statue of michael jackson with his pet monkey, bubbles. >> wearing a suit and tie he looks more like a businessman than a visionary sculpture but he is currently the world's most successful artists. he draws his inspiration from

he has broken his promise. >> we have cut immigration from outside the you by a third. -- the eu by 1/3. we have closed down 700 bogus colleges. we have introduced new rules on benefits, all of this clearing up a shocking shambles and mess left by the last labour government. in 2004, the decision to allow every single new member state to come to britain was a catastrophically bad decision. we have posted at the time, and i ask him again, will he apologize for that decision? >> it has gone worse, not better. and mr. speaker, on immigration, this government combines callousness with incompetence. they do not show basic humanity, and they are so incompetent that they cannot deliver their basic promises. why cannot they just admit it? on immigration, he has failed. >> on immigration, we inherent did the biggest mess this country has ever seen. benefits restricted. proper rules for new members when they join the european union. all of that clearing up the mess made by labour. and what have we heard today? not a single word of apology for the party that sends out search parties to look for

will stay in the eu. e worry signs amongst the business community. >> a couple of things. thehink we are well set for next couple of years with the space we are bringing. the demand is very strong. if we turn to the eu, it is a hypothetical question. if you had a referendum in the run-up to that, i think our concern would be about as mrs. delaying investment decisions, such as taking new space. >> what it affect the investors as well? money pouring into u.k. funds right now. you wonder whether or not doubt be the case. >> the sensitivity is going to be high. wouldld it just pause or there be a reversal? we might see a pause. good indicator of what we see remaining? >> you can see some pausing in the moment. same thing. what is driving the cause. i suggested is a bit of a lack of clarity. >> land security has also developed buildings without having tenants. that has proved to be a great bet. are you more cautious giving the change in landscape of what we were talking about, the possibility of the u.k. leavi

but there is a negotiation that's about to start over, well, what part of the eu's arrangements couldick, and essentially what you've now got as the german chancellor laying down a red line, making things extremely difficult for david cameron. >> and i suppose the impact that this has had underlines the importance of the issues of immigration and the european union as we approach an election in may. >> absolutely. the intervention from germany has very much raised the political temperature over this issue in britain, because essentially what you've had is the euro skeptic, the party saying ah-ha, told you so. you just have to leave. and then making things difficult for david cameron, you have those in the opposition labour party saying it shows he seems to be handling the negotiations in a very cac handed way. so a difficult thing for david cameron to deal with. but let's face it, it's a difficult issue for all of the political parties in this country, and also differently for the germans. there is concern about immigration in britain. there clearly will need to be some sort of a rene

battle to, the budget see if the eu will punish france. l also look at president hollande's popularity problem which seems to be persisting. ♪ acts will back to "the pulse -- >> welcome back to "the pulse." one restaurant plans to change that. they are opening london's first palio friendly restaurant. bloomberg went to find out more. about paleo diet isn't historical reenactment. it is about taking the sensible principles and saying, this makes sense. i started out doing a pop-up restaurant with my concept. now we have opened london's first paleo restaurant. the whole purpose of the paleo diet is to go back to real food, vegetables, meat, eating all the parts of an animal. the things i found most fascinating were always to do with how the body works or how food works. part-timeto study doing my nutrition diploma. for me, -- [indiscernible] campaign to get an extra 30,000. that pretty much was the premium difference to getting to zone one. investment from friends and family. there were plenty of restaurants that were much cheaper, but becaus

what are the chances that the eu court will end up backing shepherd? >> he's been a bit cautious because the european court does usually follow at least the thrust of the opinion from its advocate general which is what we have had today. it is on the point of principle, namely, can a deserter from the u.s. military be granted asylum in europe, in principle. i think the court would say yes. i think the court would like to look at the question of whether there is already a proper mechanism in place in america for somebody who doesn't want to take part in a specific military operation on the grounds of conscience. if they can conclude that there is such a system, they may say, mr. shepherd's should pursue his case in america and not in europe. >> what happens if the court does find in favor of shepherd? will that mean that he will be granted asylum in germany? >> not automatically, only a german court can grant asylum. the case will go back to bavarian court which incidentally deviously rejected his application partly on the grounds that as a mechanic and

would want to remain in the eu for 2017. in a couple of minutes. ♪ >> welcome to "the pulse." live from london. let's check in on the currency markets. we have been talking a lot about the wrubel, a lot about russia -- the rubel, a lot about russia. we have seen quite a pop. days, itlast couple of is on the same path. this is after we heard from the russian central bank governor. limit localto currency funding toward speculation. she will take steps to repel speculators. big week for iconic british fashion house burberry. also on the horizon, the all-important christmas shopping period. they have a digital strategy to attract customers. i would to meet the ceo and creative director christopher bailey to find out more in this exclusive interview. is bigger than just 25th of the secretariat -- december. it is really about celebrating a storytelling -- and storytelling again. we have assigned to pieces of content --designed different because of content. we try to join the dots with the spirit. you might see a great then young im

. >> that's because the mines do not meet eu standards. ey are left over from the days of the former soviet union. right now, the self-declared people's republic is largely dependent on russia. another convoy has just arrived from moscow bringing badly needed food supplies. after months of fighting, most people in the city of den yes card dependent on outside aid. most of the elderly have not received their pensions for months. outside the municipal offices, the subject of new russia is on everyone's lips. only a few dare to express a contrary opinion. >> ukraine -- i don't want to live in russia. russia should leave us alone. i don't need new russia. ukraine is my homeland. i'm russian by origin, but this is my homeland. i love ukraine, and i want to live in ukraine. >> others quickly shout out their disagreement. "my parents built on yet," one lady cries. "who are you to give it away?" many others, young people especially, don't dare to voice a love of ukraine in republic. they face too many threats. and yes goes once a melting pot of dif

the eu doesn't, the u.s. doesn't. and certainly the government in kiev doesn't. so really, they raise more questions than they answer. because what happens next? does this turn into a frozen conflict, the like of which we can see in transnnistria, increased military activity there and what happens to the minsk protocols? the eu says that these elections are a violation of those protocols and there is a suspicion in moscow there may be more sanctions on the way. >> it is the final day of campaigning before tuesday's crucial mid term elections in the u.s. the outcome will shape american policy for the next two years. let's look at what's at stake in the vote. control of both branches of congress are up for grabs. all seats in 434 house of representatives seats, and the 36 seats in the senate we'll be watching closest. the democrats got through 53 seats of their own plus two independentindependents who hav. the republican party needs to win six more seats than it has already got in order to take control of the senate. remember, republicans already control the house

. >> the eu-u.k. debate really kicking off with that conference. pro-european bias here in the u.k. that has rattled a few people. on the other side of it, ed miliband fighting for his own future, for his political leadership, the labour party set to come out and say how fantastic the eu is and how we should stay in the eu. really setting up for the election next year and business and the economy and the european union really at the top of the agenda ahead of that. >> cameron will speak later on in the day. president obama could be speaking at apec soon. politics all over everything that is happening, it seems. >> this weekend, we celebrated 25 years of the reunification of germany. divisions faced with a with the u.k. and catalonia wanting out of spain. >> people wanted to voice their displeasure for the status quo. you should not read our guests were saying too much into it. >> thank you very much. "on the move" is up next. jon ferro will be with you with that program. ♪ >> welcome to "on the move." i am jonathan ferro at bloomberg european headq

. >> the new eu president has said christmas has come early. he launched an investment fund to help flat line the european economy. critics say it will put taxpayers at risk. we're also asking the question, is this deal too little too late? >>> hello. it is midday here in london. 7:00 a.m. washington, 6:00 a.m. in ferguson, missouri. there's been a second night of angry demonstrations after the decision not to charge a white policeman that shot the unarmed black teenager. protests have spread country wide. a dozen cities have seen demonstrations new york to seattle. most the rioting did break out in oakland, california. in ferguson, 40 arrests were made. police seized some weapons. there was no repeat of monday night. the city had hundreds of extra national guard troops patrolling the streets. our north america editor sends this. warning, his report contains some flashing lights. >> reporter: protests have been going on a few hours now. these people are outside the main ferguson police station. there have been a number of squirmishes tonight. a

jean-claude juncker unveils a plan to kickstart the eu economy. >> protests spread across the united states as a huge security operation stifles clashes in ferguson, missouri. we begin the program with a story of a doctor who opened a hospital in the democratic republic of congo 15 years ago to help women and girls utilized in the course of that countries ongoing wars. >> vince then, he has treated some 40,000 women and girls who were raped and mutilated. today, the european parliament awarded him a prize that honors those who risk their lives for their fellow human beings. >> european lawmakers in strasburg stood and applauded dennis. the congolese doctor specializes in treating survivors of rape and other sexual violence will stop the prize is awarded by the european parliament. >> you have helped reduce the suffering of countless women and girls. you have provided a refuge for them and offered them a helping hand to treat their physical and emotional wounds. you never tire of denouncing the use of systematic rape of innocent women as a weapon of war. he said europe could help his

s relationship with the eu. i don't see it on the market's radar.hen does this really start to hit home that this is a serious issue and the u.k. could face of vote on the european union membership? >> as you say, i don't think it is priced in. that worries us. when we look at growth in the u.k., you see the number of people who come to work here from europe, yet we are still talking about immigration policy when we should be thinking about growth, i think that is a real issue. it will be long-term bad for the u.k. if we do have some kind of exit. >> when i look at the growth story from europe, we have the inflation report on wednesday, how do they go about this issue? how difficult is it for them? >> we just have so much leverage in the u.k. that if we start to we think thats, could be very dangerous for growth in the u.k. simply because of the leverage. you compare that with something like china where there is much less leverage, there is much less risk of a sharp correction. hikees the 25-basis point he come extinct? about 12.5?talking >> i think

google has been the subject of an antitrust investigation from the eu for four years. if the crowds are not as large as black friday, maybe it is because many people did their shopping online. it was a record-breaking day for target, which had it biggest online day ever. walmart headed second-biggest online day -- had its second-biggest online day. i was on amazon myself. opec said they would not cut production levels despite a global glut. more.hilcote has much there was not speculation opec would cut production prices, so why did we see oil prices fall so much? >> it is a good question. while there was an expectation that they would not cut production, nobody expected they would wait another six months to reconvene to look at oil prices again. that was a surprise. people thought they would roll over their production budget and then have an emergency meeting in about three months time because, obviously, the price of oil has been retreating quickly and you would have thought they would want to get together quickly to keep an eye on it, and take action if they need to,

he wants a referendum on the eu. know it's, no putts. dc-4 in or is he for out a? >> he's asking me about a referendum that he will support. the labour party is so chicken when it comes to trusting the british people. to completely unbelievable position. we say renegotiate come hold a referendum. the british people make their choice. he won't even support a referendum. now, he also says we should listen to backbenchers. maybe you should try listening to the honorable member for dudley north who on immigration said this. on immigration said this conflict be honest about it. if you make a mistake you should say sorry. so let me ask them again. why won't you have a referendum, and we'll apologize for the mess on immigration? >> mr. speaker, british business will be holding their heads in the hands about prime minister who cannot say he wants to stay in the european union. is renegotiates is going nowhere. he is caught between his backbenchers want to lead our national interest the demands we stay. that's what on europe he dare say yesterday just say no. he is a don't k

, to weaken the eu. i think if he does this kind of a stroke mentioned, this kind of destabilization campaign in a place like the baltic states it will be to show that article v and nader and the defense commitment doesn't anything. it isn't worth the paper it's written on, which will be a blow to the willingness of countries in europe to stand up to them. the bottom line, a big payoff for him would be if he could reestablish russian influence in the former soviet space and in central and eastern europe comparable to what the soviet union had. this is not sending in troops and occupation. this is influence. so the states have to take into account, and to take into account, russian interest, russian desires. to me, if you asked him what is his dream, that might be it. that might be it. and that's the kind of europe that are think would be bad for europe, bad for us and ultimately bad for russia. because i think, well, it would vindicate russian nationalism and feed their ego i think is not sustainable ove

but at the same point, what is nato or the eu leaders going to do about this? unfortunately she said they're not going to do anything in terms of further sanctions. and the nato countries, with can he expect anything substantive from nato? probably not. >> is he just going unite the rest of the g-20 with him? >> it seemed to be working well for him. obviously, russia is taking a hit from these sanctions, but at the same point, no one is stopping him. you hear this coming from david cameron, as well. it seems to me if you're not willing to spank the child, the child is still going to act out. >> and some very exciting energy deals happening there. we know that's a great source of income for the military involved and the rest of the world. hadley gamble, thank you for your time. >>> our next guest has been taking a look at the impact of russian he are sources. he says moscow pivots away from europe or china prevents further opportunities or risk. joining us now, david staples at moody's. david, redirecting the focus towards china with regards to energy and gas bil