done by the world bank. i am certain there could be no better candidate to lead the world bank than david. we want to just think david. he has been with me for a long time. he has been a supporter for a long time. a supporter, even in a financial sense. even before i ran, he liked the job i did. he is a highly respected man, a brilliant man, and he will do very well. we will be very proud of him. i want to just introduce to the media, say a few words, david malpass. [applause] mr. malpass: thank you so very much, president trump, for your confidence in selecting me to lead the world bank. the world's premier development institution. it's an incredible honor. i would like to thank my family that is here today, adele and my terrific children. i would like to knowledge all my friends and colleagues here, everyone, and especially secretary mnuchin, larry kudlow, and ivanka trump. chin,ng with secretary mnu i am proud to say that under your administration, mr. president, we negotiated a major capital increase and

of the world bank, but we know the u.s. s always had in the world bank while a european leader has always managed the imf. we are now expecting president trump to confirm his nomination for the under secretary of the treasury for international affairs. the mission so far the world bank is that it will end extreme poverty and reduce inequality. the question now is will the world bank sort of change that mission? is obviously a pretty important role. as you say, it is a u.s. appointment, so not one in dispute. but an important one. one has to keep in mind with the current tensions in the world, not the least of venezuela, the world bank and imf will play important stabilizing roles in those markets. tos is highly relevant especially global bond investors, in terms of regional stability out there. david malpass, a vocal critic of the world bank, expected to be nominated as president trump's candidate for the presidency of the world bank. chiefe worked as economist at burns turns, served in the administrations of ronald reagan a

>> china is such a key area there in terms of the world bank and whether or not the world bank should be making loans in china at all malpass definitely not seen as a globalist here not seen as a multinationalist here in this white house that may be one of the reasons the president wants to send him to the world bank. what the reaction will be from u.s. allies in the world bank, whether or not they approve of this deal. it would be very unusual for them not to, but i asked a senior administration official earlier in the week what he made of the criticism of malpass from some of the more globalist or multinational, multilateralists if you will, here in washington. he said they're not worried in the white house about that criticism. they think they can get this done and they think that malpass is the right guy the senior administration official telling me earlier in the week the president likes malpass' experience here and he shares the president's views on what should be done at the world bank >> we'll hear more from the president himself on this in a couple minutes eamon, thank

trish: you will meet the new nominee for the world bank. this is the guy who with any luck will be putting venezuela back together again. david malpass is here. "trish regan primetime" begins right now. tonight, my exclusive interview with our secretary of state. he sits down with me as trouble escalates in venezuela. the american government sending aid to venezuela. but venezuela's oceanist quick , dictator refusing aid. you have a nation that's starving where 90% of the people live in poverty. they are living on less than $3 a day. a nation where people are hungry enough to loot food trucks as you see there in this exclusive video. a nation that's so strapped for cash that its hospitals are unsanitary. this is also exclusive video of a hospital in venezuela. this is why people in venezuela are rising up. they want a new start, a new opportunity. yet the vice president of venezuela, delcy rodriguez tells me the maduro regime isn't going anywhere. sources tell me we are working closely with neighboring countries in the region because we hear

or the world bank has lent china over about two billion dollars annually now this makes a lot of people question why especially because china is the one of the two largest world's economies absolutely. the oka thank you so much sure appreciate you look at it. and turning to mexico president manuel lopez obrador on low has finally unveiled his plan to get state energy company p.b.x. back in the black the package of policy changes include infusions of cash and peanuts pension commitments new funds shifted from other accounts and reduction of p. max's tax obligations when to supported savings from on those efforts to. plug the leaks and p. max's pipes are added in the company will have over five billion more dollars in resources the mexican peso fell by half a percent in currency markets on the news and p. max bond prices fell about one percent p. max by the way has struggled to keep production up and currently carries more than one hundred billion dollars in debt. and speaking of oil while have we seen prices move here discusses currencies and futures expert at simpler trading rajeev horn

has been a consistent critic of the world bank and he is expected to try and reduce its role . it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not yet clear if other countries will propose alternatives to challenge my pass. japan softbank group has posted record net profits for the first three quarters of the financial year the company's fortunes have been driven by investment in several tech firms c.e.o. masayoshi song told reporters he plans to pour yet more money into artificial intelligence the group's net profits reached a fourteen billion dollars over the first nine months that is up fifty one percent so on the same period last year. when a little bit of us. that is business asia here on d w thanks for watching and stay tuned for the w. news coming up next. after. organized crime in the nursing profession. some nurses from bosnia are highly skilled so they have a good reputation throughout europe. but now all the nurses have been hit by a fraud scandal. fake nursing school diplomas are being sold on the black market and i

the world period, the us economy. those are his words. we look at his claims. and who will lead the world bank? president trump is set to nominate david malpass today, a man who has criticised the institution, calling it inefficient. and on the markets: it is lunar new year. many are not working and are on holiday. many markets are closed. these two are open and slightly higher. president trump has delivered one of the cornerstones of the us political calendar — the state of the union speech. it is a wide reaching address to the joint houses of congress where the president sets out his policy agenda. he started with the economy. the huge audience is listening to what he has to say. injust over two what he has to say. in just over two years since the election, we have launched an unprecedented economic boom, a boom that has rarely been seen before. there has been nothing like it. we have created by 20 million newjobs. and, importantly, added 600,000 new manufacturing jobs —— 5.3 million. something they said was impossible to do. the fact is, we are just getting started. there was more added to th

the world bank vote isn't until april. ve malpass will continue role as it relates to the china discussions if and when he becomes the head of the world bank. the latter part, because there is criticism, coming as it relates to selection of malpass, malpass himself was critical of the world bank in the past. critical of multilateral organizations as well. the u.s. has a 16% voting stake when it comes to the head of the world bank. normally, whoever the u.s. puts forth ends up being elevated to the top post at the world bank. we'll see, probably in april, whether or not that is the case this time around as some might have a little bit after, a little bit of a weary eye as it comes to malpass, he has been skeptical of the world bank in the past. neil? neil: blake, thank you very much. blake burman at the white house of the as he indicated the treasury serb tear, president's point man, steve mnuchin and robert lighthizer are headed to china next week. we are told this paves the way for this week or week after president sits do

the us president is also expected to announce that he has chosen the new leader of the world bank, currentlyetary of treasury has been an outspoken critic of the multinational organisations, so why would donald trump tap someone who thinks the world bank is inefficient? our correspondent has the answers. former chief economist at bear stea rns, former chief economist at bear stearns, trump supporter, and is now david malpass can add world bank president to the list. he has previously challenged the role of these institutions and has characterised the world bank is big and inefficient. he has also been very critical of the bank lending money to china which he says it doesn't need, and especially troubling, given the harsh lending practices china uses with other countries. we engaged repeatedly with china on our trade and investment concerns and the problems caused by their one belt, one road initiative, which often leads countries with excessive debt and poor quality projects. despite his criticisms, through his role at the treasury department, malpass significantly increased america's contri

david has been a advocate at the world bank for a long time. he is to insure financing is focused on the places and projects that node it. including people, living and extreme poverty. david was critical of the world bank's women entrepreneur. you know about the world bank's women entrepreneur finance initiatives. will he make it a priority to continue empowering women across the globe. it's very important thing. it's a very important part if it's properly handled, done by the world bank. i'm certain there could be no better candidate to lead the world bank than david. we want to thank david. he has been with me for a long time. he has been a supporter for a long time. supporter in a financial sense, even before i ran. he liked the job i did. i like those people some how. he's a highly respected man, brilliant man, will he do very well. we will be very proud of him. so i want to introduce to the media, say a few words david malpass. [ applause ] >> thank you, so very much president trump for your confidence in selecting me to lead the world's ba

was such a weird thing i've noted about it but i couldn't believe it was still going on that the world bank president gets picked by the u.s. and the i.m.f. president i guess gets picked by europe i mean how's that working out well bar at the world bank was founded in one thousand nine hundred four the u.s. was the largest shareholder back then with thirty five percent so the original deal was that the united states would pick a president of the world bank let me just note that this year that. percentage of stock from the you owned by the u.s. fell just shy of sixteen percent so the agreement i mean times are different now but the agreement did say the u.s. would pick the president for the world bank and the european countries would make their choice for the international monetary fund now i want to say the long term standing norm is is just that the u.s. still holds the number one spot in voting power followed by japan china germany france the u.k. and then india but the u.s. also has been a major donor all know not although not there are other dominant powers of put a lot of money into th

david was also critical of the creation of the world bank's women's entrepreneur and you know about the world bank's women's entrepreneur finance initiatives and he will make it a priority to continue empowering women all across the globe. it's very important thing and a very important part if it's properly handled done by the world bank i am certain that there could be no better candidate to lead the world bank than david and we want to just thank david he's been with me for a long time he's been a supporter for a long time in a financial sense before i ran, he liked the job i did. i like those people somehow. but he's just a highly respected man. a brilliant man and he's going to do very well. we'll be very proud of him so i want to just introduce to the media, say a few words, david malpass. >> thank you so very much, president trump, for your confidence in selecting me to lead the world bank. the world's premier development institution. it's an incredible honor i'd like to also thank my family that's here today. adele and my terrific children i'd like to acknowledge all my friends a

david: we will turn to the world bank. one of the pillars of the international economic order since it was created in the wake of world war ii. president trump nominated david malpass as the next head of the world bank, a position traditionally filled by the united states. undersecretary of international affairs, having served under reagan and george herbert walker bush. we welcome him to bloomberg. it is good to see you could -- it is good to see you. david: assuming you take over this job, what you want to do with it? what you want to do with the world bank? what would you like your legacy to be? .: i want to make it more effective. i care about the mission of the world bank and development. there is still a lot of poverty in the world. that is one part of the mission. in general, more growth for developing countries. that means higher living standards and that comes back and benefits the united states and europe and japan. all of the major shareholders of the world bank. engage internationally and try to have more growth

he thinks multilateralism has gone too far and he would like to see the world bank shifting its focusreasury and he was also some time ago the chief economist at a stearns, the american investment bank that was at the centre of the financial crisis and his critics have pointed out that before things we nt have pointed out that before things went badly wrong in the financial crisis he was being really quite relaxed about the outlook for the credit markets and the housing market which is exactly where the crisis was set up but he has been nominated for thisjob by president trump. a couple of issues to unpick. one is him personally and yes his desire to see much less by way of world bank support specifically for china but also more of a focus on a reduced role overall but more of a focus on some of the more disadvantaged countries but this perpetual issue about the world bank presidency which is that it has always been an american. after the second world war there was this kind of informal stitch up, essentially, that the american would get the bank and europe would nominate the person t

the world. in the past half an hour, mr malpass has been confirmed as donald trump's choice to run the world bankhe investment bank bear stearns until it collapsed in 2008 at the start of the global financial crisis — which he failed to foresee. some have also noted that he has fewer qualifications than the other contenders. let's speak to our business reporter samira hussain who's in new york. does it matter who is the head of the world bank? that depends on whether you think the world bank really matters. if you are someone who believes that it still does, who leads that institution is really quite important. of course his nomination by the trump administration is raising a bit of debate about what the future holds for the world bank, given some of these scathing remarks he has made in the past. about these big multinational institutions like the world bank, calling them really big and inefficient. there are people worrying about what this means for the future of the bank. the white house's senior administration officials has pushed back saying what we want to see is a more modernised version o

following the resignation of the world bank dr. ched a broad search for a replacement after interviewing very qualified candidates. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world bank, as under secretary of international affairs at the department of the treasurery, david brings 40 years of experience of finance, government and foreign policy to his new assignment. after receiving a degree in international economics from georgetown university, prestigious school of foreign finance he served as deputy assistant secretary under ronald reagan and served under george h.w. bush. he distinguished himself as staff director of the joint economic committee of the united states congress. he was named to the boards of many notable institutions and charities. highly respected man. including the council of the america's and economic club of new york. the wallstreet journal just said today in a editorial that david malpass is a ex

pice a noted critic of the bank former chief economist for bear stearns bank and currently an official in the trump treasury department to replace mr kim who decided to leave the world bank presidency with three years left in his term under a largely unspoken gentlemen's agreement and they were all the men unfortunately europe and the united states have shared the power over top post at the world bank's international financial institutions or. with europe choosing the head of the international monetary fund and the us assuming the parag of to choose the world bank president those protocols are under increasing pressure from within and without the institutions mr maule press has claimed that i have is including the world bank have become too intrusive inside the bank the world bank group staff association is already released an open letter to the executive directors of presidential success and process in which the staff gently suggested a change to the succession protocol writing that the bank quote must seek actively candidates from the wide range of talent that the international community has to offer. and if you paid a d.n.a. testing service to tell you something

of the world bank and this is the man who could lead the world bank. s with me now. officially he has been nominated. this is a guy that's been so critical of the world bank so why would he want to lead it? >> exactly. the rest

your administration, mr president, we negotiated a major capital increase and reform package for the world bankted staff, there is a great opportunity now to implement this construct of reforms that will lead to best growth and greater prosperity. the executive board of the world bank board makes the final decision on the presidency, but traditionally, the united states has a lot of influence on the decision process. united states says it expects to make its decision by april. —— the. softbank‘s shares have been surging by as much as 15%, let's talk to rico hizon. what is going on? what is softbank doing now? well, unbelievable movement on the tokyo stock exchange when the nikkei 225 is in the red. it has prompted and ceo to announce a share buyback programme, it announced income for the first three quarters of the fiscal year. the softbank group said it would repurchase around 112 billion shares, over the next 11 months. that is about 10.8% of its total outstanding shares, excluding treasury stocks. this is basically exciting any investors, funded by proceeds from the bumper public offering of

has been a consistent critic of the world bank and he is expected to try and reduce its role it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not correct here if other countries will propose alternatives to challenge mileposts and germany's antitrust watchdog may be cracking down on facebook with a decision on district in the social media giants ability to collect data in the country the decision is expected in just a few hours authorities have been looking at whether the tech firms data collection of activity on facebook widgets song third party sites can be considered anticompetitive behavior the social media giant has already denied such allegations but it could be the latest move by authorities to turn the heat up on facebook in the aftermath of a major privacy scandal last year. well let's talk fashion here for a second any business that covers everything from glamorous dresses and suits that you every day. snuggles or boast sorts of things the fashion industry is also among the most polluting industries in the world though a fre

the world bank's women's entrepreneur finance initiatives. he will make it a priority to continue empowering women all across the globe. very important thing. very important part if properly handled, done about it world bank. i am certain there could be no better candidate to lead the world bank than david. we want to thank david. he has been with me a long time. supporter for a long time. supporter in a financial sense, even before i ran, he liked the job i did. i like those people somehow. he is highly respected man, a brilliant man. he will do very well. we'll be proud of him. i want to introduce to the media, say a few words, david malpass. [applause] >> thank you, thank you so very much president trump for your confidence selecting me to lead the world bank, the world's premier development institution. it is an incredible honor. i'd like to also thank my family that's here today, adele and my terrific children. i'd like to acknowledge all my friends and colleagues here, everyone, please, and especially secretary mnuchin, larry kudlow and

the world. but the white house on wednesday really moved to counter that perception, saying that mr malpass is committed to modernising the banking sure there is more accountability by borrowers. the executive board of the world bank makes the final decision on who will become president, but traditionally the united states has a lot of influence on the selection process. the bank said it will make its decision by april. the us treasury secretary steven mnuchin confirmed he and other officials will be travelling to beijing next week for talks with their chinese counterparts. the negotiations come days for the increase in tariffs on chinese goods. three of the biggest carmakers in the world have added to the industry's gloom, warning the year is looking bleak. the pessimistic outlook from toyota, general motors have forecast a drop in profits. 0ne economist told me why he is optimistic about the industry sectors despite falling sales in china. i wouldn't be so pessimistic on chinese auto sales. they had a very weak fourth—quarter where sales were down anywhere from 15 to 30 or 40% depending on the, and that really started when t

-- lead to the world bank. nation makes him the top contender to lead the bank as president for a five-year term. usually, it's an american who leads the world bank and an american who leads the imf. are we expecting challenges given who the nominee is? >> there undoubtedly going to be some opposition and some criticism of the choice. the trump administration has been lobbying very hard, treasury secretary steven mnuchin making calls, and officials believe that he will eventually be confirmed by the executive board of the bank, which represents something like 189 countries. >> where do you want to take the world bank?/ bigger? smaller? what would you like your legacy to be? >> i would like it to be more effective. i care deeply about the mission of the world bank and development, in general. if we think about the world, there's still a lot of poverty, extreme poverty in some cases. but in general, more growth for developing countries. that means higher living standards. and that comes back and benefits the unite

has been a consistent critic of the world bank and he is expected to try and reduce its role . it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not to cheer if other countries will propose alternatives to challenge us football now and the inventing no is almost guaranteed to serve a second term of president with nobody else standing in john's election in front of you know has been in charge of world football's governing body since twenty sixteen taking over in the wake of the sport's worst ever corruption scandal the forty eight year old will be unopposed after his only potential challenger former player ramon vega failed to secure the backing of at least five of fief as two hundred eleven federations. in the german cup byron munich came through a rollercoaster match with had to berlin three two to advance to the fourth round kingsley coleman headed by irons winner after a glaring error from mats hummels and allowed heritage to take the tie into extra time elsewhere there were narrow wins for out spurs and life's a while shock o

has been a consistent critic of the world bank and he is expected to try and reduce its role . it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not correct clear if other countries will propose alternatives to challenge my old house. meantime germany's antitrust watchdog may be cracking down on facebook with a decision on restricting the social media giants ability to collect data in the country the decision is expected shortly authorities have been looking at whether the tech firms data collection of activity on facebook widgets on third party sites can be considered anti competitive behavior a social media giant has already denied such allegations but it could be the latest move by authorities to turn up the heat on facebook in the aftermath of a major privacy scandal last year. and turning out to madagascar where a clash of civilizations is playing out on the coast of the african island for generations a traditional community known as the v.s.o. has faced in the nearby waters of the indian ocean but they say the arrival last

one of his main criticisms of the world bank has to do with what the world bank has seen as its mission alleviation. it is supposed to lend to developing nations and try to bring people out of poverty and contrast from the international monetary fund which we talk about a lot, and they are viewed as a last resort for developed nations and developing nations. he he has criticised world bank to not lend to china and says that they did not need any money from the world bank and poverty alleviation should be seen them accent elsewhere. and that is interesting due to donald trump and his trade war is with china. we have about 20 seconds but what has reaction been to the tap on the shoulder? some people have seen maybe now is the time to not have an american head of the world bank and traditionally a american leads the world bank and maybe it needs a rethink and this might not be a bad choice. so we will see how it plays out. thank you for bringing us up with the business news. we did have another half hour of outside source to come so please stay with us. let's have a quick round up of some

the world bank the world's premier i know it baca has been a strong leader on women's economic empowermen. and i look forward to continuing our work together on her women's global development and prosperity initiative. mister president. i'm very optimistic that we can achieve breakthroughs. to create growth abroad that will help us combat extreme poverty and increase economic opportunities in the developing world. referencnce to the presidens daughter there if i could trump whose name had once been floated by washington insiders as being a possibl. replacement candidate for that position notice nomination cycle was already likely to spark controversy since the institutions were founded the world bank has always been led by an american. in the international monetary fund by a european. developing economies have criticized the process and made a push to be more included in the organizations that serve them. nomination it must now be approved by the world bank's directors other member states are likely to put forward their own candidates in competition. with the american. the european union

all of japan, of course, all of the major shareholders of the world bank. ed internationally in trying to have more growth, higher living standards, and better practices around the world. ♪ alix: the boe and central bank delivers its latest assessment on the economy. that decision out right now, obviously completely expected. no change when it comes to rates. however, the bank does cut its growth forecast, saying the brexit damage has increased. mr. carney: brexit is causing short-term volatility in the economic data, and more fundamentally, it is creating a series of tensions in the economy. marcus: it's hard to feel sorry for a central banker, but mark carney has no direction. because of brexit. equally, the rest of the world is slowing down. there's a of high rates because of which pressure it's away from them yet again. they have to omit reality, which is that they aren't going to hike rates like they are expected to. they cut growth forecast. jonathan: it is down following a string of weak data. thierry: we are catching a reality. what people fail to fo

david: let's talk about the world bank. malpass will be a candidate to be the next president of the world bank. becauseteresting move the world may reject this nomination. an u.s. will nominate american -- is this a moment where the world uses this as a proxy for we don't like the american worldview, the trump .dministration's worldview david malpass has been very critical of the world bank. echoes of rick perry here. is a bit out of the trump playbook -- put the guy who doesn't like this thing and have them run it. seem the doesn't president is deeply committed to brett woods. >> if you have big hopes for the world bank -- they have some great names. real internationalists who know the mission of the world bank. i don't think having someone that would be greeted by most countries with disappointment is the right move. particularly on the day of the state of the union when we want to have an optimistic perspective. alix: thank you, jason kelly. and blair effron will be sticking with us. this is bloomberg. ♪ david: still with

the world and the bank have evolved drastically since then. largest in the world. developing country ies make up 60%. the u.s. has 70% of capital investment and 16% of the vote share. the u.s. is the only country that has veto power over the bank's decision. the process of choosing a new leader has remained oh. it has been ushered through by the board of directors. 2012 was the first time an alternative to an american pick was ever even seriously considered. the current system is utterly out of sync. it is important for developing countries to offer up alternative candidates and for the united states to accommodate them. >>> up next, computers may not have a lot of bedside manner baa question is immerging. could they diagnose what ails you better than a human doctor and could they cure you better than a human doctor? we'll tell you about how ai can help you live when we come back. -it's all about the big picture. with miguel, our certified financial planner™ professional, we looked at business insurance, our mortgage, even our plans to adopt. -

of the world bank and this is the man who could lead the world bank. rana foroohar is with me now. officially he has been nominated. this is a guy that's been so critical of the world bank so why would he want to lead it? >> exactly. the rest of the world holds 84% of the voting shares in the world bank and there's a lot of complaints. you're hearing a lot of poor nations say, hey, this is a guy that doesn't believe in multi-lateralism that's going to run an institution that's nothing if not multi-lateralism. there's a lot of concerns about what he's going to do around the bank's work around climate change, which is a big, big deal in the rest of the world. the trump administration has been extremely critical of that. >> thank you very much for that. that news out of the white house. let's move and talk russia, beyond russia. chairman of the house intelligence committee expanded the scope of his committee and what they're prepared to investigate. schiff today saying that the house intel committee is not only prepared to investigate russia's actions duri

the united states and europe after all made upmost of the world economy. when the world bankhe u.s. provided most of its capital and controlled 35% of the vote. it was mostly tasked with rebuilding post war europe. but the world and the bank have evolved drastically since then. china is now the second largest economy in the world developing countries make up 60% of the world's economy. today the u.s. has less than 17% of capital investment in the bank and 16% of the vote share. but the u.s. is the only country that has veto power over the bank's decisions. and the process of choosing a new leader has remained opaque. all 12 previous presidents of the world bank have been americans chosen by the american president. and ushered through by the board of directors. in fact, 2012 was the first time an alternative to an american pick was ever even seriously considered. the current system is out of sync with the emerging multipolar world. it's important for developing countries to offer up alternative candidates. and for the united states to seat space to accommodate them. up next, c

the world bank as big and inefficient. ch he says it doesn't need. and especially troubling, given the harsh lending practices china uses for other countries. we engaged repeatedly with china on our trade and investment concerns, and the problems caused by their 0ne belt 0ne road initiative which often leads countries with excessive debt and poor quality projects. despite his criticisms, through his role at the treasury department, malpass significantly increased america's contribution to the world bank to $13 billion, albeit with conditions attached. so will countries coalesce around the american pick or will they try and put forward their own candidate? the latter option seems unlikely, but we will be sure next week when nominations for a new president close. samir hussein, bbc news, new york. what other business stories has the media been taking an interest in? simon french from panmure gordon joins us again to discuss. we will start off with the value of the pound, how much different it is across the country. a lot of b

the appointment wi a be subject eport by the world bank costs executive -- the world bank's executiveits leader has traditionally been chosen by the u.s., the largest shareholder. we are getting dramatic pictures from san francisco w guess line fire has set on a building undergoing construction . no injuries have been reported. the leader of the taliban f delegati peace talks with the u.s. tells the bbc that the group has no plans to take lintrol of afghanistan by force. but he says the n won't agree to a cease-fire until all foreign forces leave. taliban leaders are inw holding talks with other afghan powerbrokers. reporter: more than four years after british combat troops left afghanistan, levels of violence in the country continue to rise. ofre has been waged on wave taliban attacks. tens of thousands of government troops killed, along with countless cilians. after 17 years of war following the 9/11ba attacks, the talin control or contest nearly half of the country. with afghan governmentba forces stiled up by the united states, insurgents have been unable to capture any major city

president trump is said to be nominating treasury undersecretary to lead the world bank following the resignation last month. he has per trade the world bank as too big and inefficient. other countries have defended the organization from trump. willalia's central bank shift policy. they left its key rate unchanged. 22nd consecutive meeting. downside risks have increased. failure to agree on brexit is holding back investment, according to ray clark. -- greg clark. the japanese carmaker will have to reapply for government grants. theresa may has until next week to secure changes that will satisfy enough lawmakers to win a majority in parliament, but there are few signs that you will budge. after meeting with angela merkel, shinzo abe warned of the dangers of crashing out of the eu. >> the key impact from brexit on the eu and local economy must be at a minimum and a no deal brexit should be avoided. >> the silken big apple is the place of tech, new york has in global tech cities. san francisco came in second. the list was put together by real estate brokers. global news, 24 hours a day o

named to lead the world bank. lly see but an exhibit at a washington, dc gallery lets you see just that. called ivanka vacuuming, the performance features visitors throwing crumbs onto the carpet, as an ivanka lookalike elegantly clears up the mess. unsurprisingly, the exhibit hasn't gone down well with the trump family. good morning. to sum up today simply, we'd probably call it a day of sunshine and showers. but first thing this morning we do have a spell a very strong winds to contend with across the southern half of the uk. they will ease by the time the rush hour's over, but nonetheless some challenging conditions out there currently. the worst of the winds over i think for the south—west of england and wales by the time we get to 8am. but still a core of strong winds across the south—east, particularly the midlands and east anglia, through the morning rush—hour. those figures in the black circles indicate the gust strengths, notice they're lighter further north, but there will be some snow to contend with acr

what's the significance of now past as the new president of the world bank. >> the issue is the world bank provides funding and financing for development projects in parts of the world. they guarantee funding where banks find it too risky. it is something that's not a big priority of this administration and the issue is for many, many years for decades, the world bank and the international monetary fund were the only games in town led by the united states. china is doing something very similar. they'll go into africa and all these countries as they'll fund your dams and hospitals and america is once again retreating from an important world stage. that's in a nutshell. >> good to know, ali velshi and stephanie ruhle, thank you very much. >>> it is 2:00 p.m. here. state of the union, 41 of them are making the most news. >> an economic miracle is taking place in the united states, and the only thing that can stop it are wars, politics or ridiculous partisan investigations. there is going to be peace and legislation. there can't be war and investigations. it just does not work that way. t