when we bring people into the u.k.gineering, we're bringing them with firm job offers in place. they need to continue. i think that is fairly different for low skilled individuals. what we need to be careful on is not putting it all into the same bucket. >> when we look at the level of skills those individuals could have, that is the debate now. the u.k. and their position in the e.u. as that debate evolves, for the companies you are speaking to, are you beginning to think about what the u.k. looks like outside of europe? >> i think in many respects, let's have the referendum. we talked before. it impacts businesses' decisions. the good news is it is irrelevant for most businesses at the moment. two years of business is a long time away. we're focused on the next six to 12 months. i would rather let's have the referendum and get the issue off the table. from a hays perspective, we would rather have a strong u.k. as part of europe. i think that gives us greater opportunities >> let's wrap it all up. the next four years,

u.k. lisa mccarthy hosts program which concludes with a look ahead to the general elections. >> hello there, and welcome to westminster and review. the economic recovery may be underway, but always best to handle the future -- who is best to handle the future? >> a long-term economic plan, on the course for prosperity. we have balance the books in a fair way with a long-term plan to save the nhs. >> also on this program, how to tackle the rise of islamic extremism at home and abroad. a series of inquiries rise to establish a child abusers got away with her crime. and after scotland says no to independence voters there and in the u.k.. -- what is next for voters there and in the u.k. >> it is not fair for scotland to vote on things that are. >> let's start with the economy. the trexler says that his latest facts and figures in a -- chancellor sets out his latest facts and figures in a budget. normally the figures are secret, but this year there was an announcement. for the health service, t

u.k. tapped into many voter concerns about immigration into the u.k..ernment had to admit it is not going to hit its target of getting the numbers down into the tens of thousands. david cameron's talk about changing the rules of limit into the you has been given short shrift by angela merkel. some people suspect ed miliband homed in on cameron's difficulties. >> he has to get 27 countries to agree with them. how many does he have so far? >> what we have is a thing that we want to sort out in europe. we want to sort out safeguards for the single market, get out of the union, reform of immigration. >> he used to say he would never be for leaving the european union. that was his position two years ago. he can't even answer the question. i just asked him, using the same words he used to run. >> i answered that question the last time round. i want britain to stay in a reformed european union. but we need the reform. we have a plan and they have no plan. we say you, have to safeguard the single market, and what do they say? nothing. we say, you have to reform

u.k. banks. >> bt makes its move starting exclusive talks on a deal for ee now vodafone has called for the telecom regulator to safeguard the bt rival. welcome to "countdown." -- show asn the shoe oil extends its losses, jack osbourne says the move is welcome. >> the fall and oil prices is very -- basically a good thing for the u.k., u.s. and europe. up itsia is ramping economic defenses in the biggest hike since 1998, after the lostl lost 10% -- ruble 10% of its value in one day alone. give us the scale here. >> there are rate hikes and there are rate hikes. the benchmark was 10.5% and it is now 17%. thursday we heard the governor of the central bank said it would raise rates from nine point i percent to 10%. >> many said that wasn't enough. itmany when i'm expecting and looks like she change strategy and nelly got 600 and 50 basis point -- and now we got a 650 basis point rate hike. you to go back to october of 1998 to find that kind of one-day slide in the ruvell. -- ruble. in two dozen

looking at this change in u.k.ics and what this new government is going to look like and the choice seems to be a type of the regular conservative government taking our negative attitude concerning europe and a labor government taking a negative attitude concerning business. these two factors are equally negative so i would not point any preference to a political party. , if a's talk timing conservative led government is bad for the pound and a labor lead government is bad for the pound, when does this really start to enter the market psyche? >> i guess it has already started and we look in july we were trading at levels above 1.170, we got into the debate and saw this weakening of economic activity spilling over and we have to consider one very important top ic which is a decline in british expectation. that is not only a topical .4 euro length and sweden and switzerland that expectations are declining radically and that in thisat grates country are too high and a negative factor of huge gross prospects of the eco

the u.k. chancellor will give his last autumn statement before the general election. ispite the recovery, osborne less than halfway toward his goal of returning public finances to surplus. so what can we expect from the statement? we will bring you coverage of all those issues that matter of ahead of the statement this morning. >> we are bringing full coverage of the statement. we will take that live at 12:30 london time. first, we got two hours of analysis right here on "the pulse." some key guests. a game of numbers is a good way of looking at this. george osborne delivering his auto statement and the forecast are all about the deficit. around 100 billion pounds for much of this year. much higher than previously anticipated. cut or spend, we will do the math with the institute of fiscal studies program director. she is going to be working through the figures. make theborne investment case for britain? will the statement give the markets the signal they are looking for? himill discuss it with

will we see an overhaul of the in the u.k.?stem i will be asking that question in about 40 minutes time. back to you in the studio. , we have got an exclusive interview with the chief executive of club med soon to be speaking in paris. its takeover bid for club med. an interview you do not want to miss. >> let's return to our top story. the last big chance to shake up the nations economic agenda. judge osborne will deliver a range of measures with one eye firmly on voters. what will be in the statement? osborne has announced an extension of a program intended to help small and medium-sized businesses. what other announcements can we expect? mark barton is outside westminster and. how constrained is osborne? the public finances are not getting any better, are they? there are borrowing from april through october. sameis up by 6.1% from the period a year earlier. osborne has left her room to maneuver. the member lack in march, the chancellor said that britain would reduce the budget deficit by 12 billion pounds to 84 billion pound

u.k.e operator in the you take. the venture they have built up ee is potentially going to the, --after talks -- the, --.com become bp after toast. building the biggest court player. able to sell the tv and broadband and landline. that's a positive move. we will see how this deal is structured and how we understand deutsche telekom and the entire company going forward. we will be able to appoint directors and get cash. and a gets even more cash 40% stake. an interesting moving coming forward. >> caroline, thank you so much. consolidation in the sector. to the bank of england. >> we have discovered the ideal of mark carney. >> some of the differences across throughout the financial sector. the bank will undertake further work to exploit in more depth but to underscore the benefit of judging capital adequacy against a leverage acquirement in addition to recent days capital ratios in future years and stress test. to conclude thomas is the crisis, authorities have been working diligently to a t

u.k. percolator delivered bad news -- u.k. inspector delivered bad news.eans the mail will still be obliged across the u.k. for a single price six days a week. allows competitors to undercut in urban areas. backs ukraine. the parliament vote on candidates for a new cabinet. the former coalition last week and the confirmations will and within a month of uncertainty followed elections are back in october. the ukraine's military said a truce was reached fighting in a donetsk. thousands of people have been killed in the -- have been killed. the day before george osborne gets his statement, the man hoping to replace it has been tweeting. a referendum on all british and andership when the a risk these to stay in the eu. >> we need to stay a member of the european union. to walk away from our largest single market would be a disaster. more after the break. coming up, we will be talking about the statements in more detail. statementt, that last and the general election next year. what is on the table for british business and will preview with a wish list? ♪ >> goo

and u.k. because we have monetary stimulus and you have backloaded fiscal consolidation. , they call the slowdown, started doing fiscal tax increase. you need to have fiscal stimulus in the eurozone. this will not be enough, you have to have demand. this will come too little too late. today is at dartmouth professor of economics. thank you very much for joining us. too little too late says nouriel roubini. >> the way alike to characterize this, the bank of england started to cut rates in october, 2008 and it took us into march, 2009 to work out quantitative easing. this is six years and counting, worked out. you must be joking. we have deflation, we have overly tight monetary stimulus. what are you doing? and try to push their currency down, what do you think everybody else's going to do? the united states mint a clear they are watching the currency. have first the plunger a really long time ago. definitely too little too late. you a big believer in the values of quantitative easing? on tankta

surely be in u.k. treatment centers would not put intoa siation wher thr houseou b endagered. >> i will gi an aswer and then we'll d ch better whe i'm sure. on the first o cuba as everyone on the commtee will know ha had a tradtion where th sd peoplto this kind situations. the cundoctors to the places we considered safe. that i that the nhs is now beginnin a ecommon ine to make the intduions saf we ha to be onsame lel withany healthcare workers. so the keystoo this in a ay which s strucred. >> 's sisting agreement about nhs to work oa and how long ty do t has tre been any discuion about hanced compnsation o encourageand support volunteer to gooubecae at the oment it'sa long time what we etring to sayis the department will underwrite the finance. we have tried to makeure the prlem is not finncial. thoblem is e actual traine pop. acal it hasworked qte ll. the u.k. done a ood job an played a reallimrtant role making re it isbanded in the facilities th cn put cubanaandother health wkers. o there's a lotof

the u.k. is number eight. 140. it is something related for clearly, itns and, will be a big blow for the country. the was about to say drivers are not going to feel a difference. italy will take this claim. do you think there will be a political backlash? clearly, they have backed the he said, i dod not care where the headquarters is based. they are trying to have an and itment more friendly may be too late, even for for ari. >> a great story. joining us from milan. the web gets underway. up on the pulse. some ofway in paris, the tech companies on the ground. , a bloombergw exclusive. good morning to you. run and it iss to getting to be a crowded's race. crowded space. >> what we are doing in france and europe is new. >> in terms of the big opportunities, one of the things we talk about is starting new businesses is not a problem and scaling them off is an issue. are you thinking about that as the best opportunity? >> these are an area where we talkingelp and we're about launching and building a business. they have

the u.k. must they in the european union. the ruble's rocky ride what is in store for the currency in its biggest a forward and almost six years. that as economic ties with europe are beginning afraid. moscow has scrapped a major natural gas pipeline project opting to's ship more fuel to turkey. carpet,on the red models, designers and powerbrokers turnout for the british fashion awards. >> welcome to "countdown." it is 6:00 here in london on tuesday morning and a very good morning to you all. the man who could be the chancellor has been drawing up his economic battle lines. the u.k. opposition finance spokesman told francine lacqua a referendum on britain's membership of the eu would be a risk and that britain needs to stay in the european union. that our economy is growing in a strong and sustainable way and to do that we need to stay a member of the european union and europe has to reform. the walk away from the largest single market would be a disaster for british jobs and investments but w

u.k. is a front runner in the world economy. u.k., weularly in the have a budget deficit, even though it has come down by half. our debt to gdp is too high at 80%. we want to be in the front ranks of economic nations. >> russia's currency is in crisis, and its economy is unraveling. the ruble plunged to its lowest ever against the dollar despite the central bank's efforts to stem the route with its biggest interest rate hike since 1998. there is the dollar-ruble over the last two days. it touched 80 yesterday, coming .own to around 71.75 today still, the russian prime minister held an emergency , deciding not to consider currency controls. the economy minister insists the moves are not reflective of the country's fundamentals. of course, everything we've been talking about is on the stabilization of the ruble. ratelieved its exchange does not correspond with the fundamental macroeconomic development. we see how it breaks away from the oil price movements. >> let's bring our russian expert

and the u.k.ge osborne has given an indication what his priorities will be when he presents his statement on wednesday. speaking on the b2b's andrew show, george osborne said there should be further savings on welfare payments in order to spend more elsewhere. the government will announce an extra 15 billion pounds plan on road building in england over the next six years. we'll bring you live coverage from the chancellor's statement this wednesday on bloomberg. now let's check in on the markets, and jonathan has the latest. john? >> thank you so much. we're shaking up for a day of losses, losses on the dax here in frankfurt. on the ftse and london, down. if you look at the broader index, oil, gas, the energy companies really weighing on their index once again. and francine, that is the only story in town over the last month. it has been the fall, the continued fall. bring up brent, south of $70 a barrel, $69. 3, down almost 40% year to date. a lot of discussion about the supply side of this partic

with any luck, all of the bad news on the u.k. and almost all of the bad news on the u.k.e has had very little time to look at subsidiaries. challengeat -- is in -- is in trouble. it may benefit from some of the same deals. marketremains a troubled where sales keep falling and we have not heard anything on how tesco is doing in relation to the others. it has been there second-biggest market. >> warren buffett described investing in a tesco as a mistake. what do the big investors will say to management? >> they will ask the question, is at the bottom? have we seen the last of the bad news? him, you are to now working for tesco. can you be fair to the suppliers and make a decent margin and be competitive for customers? i think his answer will be, yes. we have to see how he turns that in trading. they are freezing things for christmas. we will start seeing a new trading stock in the new year. happensll see what then. charles, always a pleasure. to greece now. and what is described as a pretty risky gamble by the prime minister. this moves the votes that were set for february

when you take the u.k.ur players down to three, that would be a big challenge for regulators. lacks -- excited about a deal. what else is out there? >> telecom is hot right now. we had one in the spring around sfr and altice. we haven't talked about altice and portugal telecom. telecom is constantly going on. numbers, big companies. beyond that, i think we are going to see more of this national level consolidation. been talked about as a place where that might happen. you could see it else is where -- elsewhere as well. newstt campbell, bloomberg deals reporter, just some breaking news. we have spanish pmi. that was a beat. continuing to impress the manufacturing sector in spain. italy, a disappointment. pmi unchanged at 49. that is contraction. forecast was 49.4. italy really struggling. manufacturing continues to disappoint. up next, we talk another area that struggles. a new term for the greek prime minister. he is considering accepting a full role for the imf's next a deal. we will talk on the situation

it's not just the u.k. you also have out this -- altus and your average billionaire on the look for portuguese assets. >> he already spent $43 billion on the french asset getting into mobile in france. it is a cable play. they built this company up. now he is looking at assets. offloade been trying to portuguese assets, because it to do things in brazil and cut back on debt. maybe this would be a nice way to do that. has upped his bid. he was offering 7 billion euros. the private against equity companies as well. it looks like his steel is good to be that much sweeter. -- this deal is going to be that much sweeter. >> john laing the construction company is making a nonbinding proposal. the lang may bid for balfour pfi contract. it is making a nonbinding proposal. the proposals were for one billion pounds. worth one billion pounds in cash. john lang infrastructure fund making a nonbinding proposal through its portfolio. one billion in cash following in due diligence. they would seek to finance acquisition. o

. ♪ >> welcome back to "on the move ." 8:20 in the u.k. we're going to talk about the u.k.tle for rights. they believe limiting the distribution of football content bp's aggressive move into the sports market has not changed. >> they do acknowledge those changes. they do say, look, you can fail to ignore the 900 million pounds in the champions league. sports rights. there is a wider availability on pay-tv. still, they are looking at other market trends. there is more over the top provision. like netflix. and bundling is more common. perhaps you and i are being dictated with the access to the latest football results. we want to go to a provider that will offer us mobile as well as broadband. basically, ofconn is sticking to its guns. it's reviewed and it says that sky has got 75% of the premier league. they got their claws into some of the biggest spenders when it comes to those who have paid tv, some of the biggest, high value customers. they still dominate the market. they need to stick to current regulation. sky one and sky sports one and tv sports two to other pay operat

. >>> and big brother is watching you, but the u.k.ecurity watchdog say mass surveillance revealed by edward snowden did not break the law. ♪ >> it's obvious that egypt was being ripped off. it's basically saying to the israelis, "look if you want to screw us, here's a tool you can use to screw us". >> al jazeera exposes those who made a fortune betraying an entire nation. >> you don't feel that you owe an explanation to the egyptian people? >> no... no... >> al jazeera investigates. egypt's lost power. december 17th. primetime news. >> welcome to al jazeera america. >> stories that impact the world, affect the nation and touch your life. >> i'm back. i'm not going anywhere this time. >> only on al jazeera america. ♪ >>> a reminder of the top stories here on al jazeera. charges against kenya's president at the international criminal court have been dropped. prosecutors were unable to collect enough evidence to take the case to trial. >>> amnesty international has accused rich countries of failing syrians displayed by war. 380,000 syria

it is bad for business, bad for u.k. plc.more people on planes. >> we all want reduced to get fares. that is the good news this morning. let's keep it airborne. a company experiencing some turbulence this week, lufthansa has cleared a new low-cost airline for take off. traditional pilots continue the strike. the german carrier will have to cancel long haul flights today. the ceo is hopeful that the appointment of a mediator will help resolve the conflict. >> i'm sure that we made a significant move forward today by addressing our partners in the cockpit with the fact that we believe there should be a mediator bringing us together on the difficult issue of transfer payments for early pensions. at the same time, we have communicated that we believe unsuccessful talks about the project should come to an end since there is no solution in sight. the reason for the striking action is something the mediator will hopefully come to a solution. correspondental hans nichols nichols joins us now for more. are these moods related? >> good

and in theeurope u.k., there is a rush towards offering.out broadband, paid tv, and mobile. in the future, it will be more bundles and thinks. this is just the start. moving forward, there will be even bigger bundles of things. >> this is bloomberg -- 2% of the u.k. households have gone for 4 services. 50% take-up more than one. >> we are really just scratching the surface right now. we just ran a survey on multiple users and it is consistent with that. just less than one third of u.k. households have signed up for all three services. the opportunity is clear to see. years, is that the only progress they have made? >> from our own data, two thirds of households would strongly consider signing up for a bundle of services. on more devices, they are more likely to sign up with one provider. there is a clear direction towards mobile right now. we are at the start of it and we will clearly see more going forward >> one of these two will have a presence on the high street. thehow does it break thinking process among consumers here in the u.k.? >>

is, both in the states, particularly in the u.k., we have a budget deficit in the u.k. that has gone down by half. our debt to gdp is at 86%. we want to be at the front rank of economic nations, not just because it raises living standards for our populations but because you are not going to be able to promote your values around the world if you are not backed by strong economies and countries that have put the houses in order. >> so you're promoting that idea. you had an op-ed in the wall street journal that economic pessimism. you made a speech today. >> the economic club of new york. i am making the argument that, if you get all the cylinders of your economic policy firing at the same done, have a supportive monetary policy, credible fiscal policy, making difficult decisions, and you are backing innovation and doing the supply side things that are required. for example, the shared economy on the internet, the loan business, is a tremendously powerful force to change. some countries are banning it in various forms. we are saying we want to see more of that innovation a

the government in the u.k.s 45 days support to people who are identified as victims of trafficking. but, of course, if you are from the european union there is greater than 80% chance you will be identified as such. but if you are from outside the european union there is less than 20% chance you can identified as such. this is again a core issue which the government is just not facing up to. >> aidan mcquaid, director of anti-slavery international. thanks for joining us. >> thank you for having us. >>> the international criminal court's decision to drop charges against kenya's president has triggered mixed reactions. for him and his supporters it's vindication that he wasn't involved in the violence that tpofld 2007's election. but for the 1200 people that were killed and their families it's left them with more uncertainty, erica wood reports. >> reporter: we can't tell you who they are, because these people are afraid. they say they could be attacked if they are seen to be talking about what happened during th

u.k. is more or less at the acceptance stage.tt probably agree that we are not quite at that stage yet. let's how do we get to the final stage? what we do not, a lot of putin is up to says a lot about internally rather than externally. -- frozen compact idea >> we have got to wrap it up. i wish we had more time. thank you so much. >> we are getting some breaking news coming through from the regulator of communications and media here in the u.k. they have been running a consultation on pay tv regulation and say there will be a review to show if the regulation -- the regulations on sky channel may limit sports content distribution. bt might also have incentives to limit sports content. they will be reviewing whether these businesses are to be allowed to limit the distribution of their sports coverage. there will be further outlines in phase two of the review in 2015. this is a very fast-moving industry as we wait to hear from bt about its aberrations -- its ambitions. >> we had that conversation with top top. so it is all moving. >

now, the deal gives the u.k. permanent footing in the gulf for the first time since withdrawing from the region in 1971. $23 million will be spent on the base at the 40. it will mean that britain can send bigger vessels into the gulf. they are simply for operations around the arabian peninsula and indian ocean. the u.s. base is near the strait of hormoz. it's the gulf's only exit point and is key because an estimated 30% of the world's oil supply is transported long it. the u.s. already flies aircraft out of its basis in the uae, kuwait and qatar to carry out airstrikes in iraq and syria. lou coffee is a fellow at the heritage foundation and served as special advisor to liam fox. he joins us from woodbridge in the u.s. state of virginia. welcome to the program. now, i understand that while you were a special advisor to the former defense secretary, liam fox, that you were part of the group that proposed this exact base. is that right? >> yeah. that is correct when david cameron became prime minister in 2010, he c

coming up, the shakeup in the u.k. telecom space.ll dive into the sector after the break. ♪ >> welcome back. 8:45, time to talk about the u.k. mobile market. is a shakeup imminent with a deal between bp and either ee or 02? here with more is caroline hyde. could we find out this deal today? everybody was talking about it last week. i was waiting this morning. it did not come. >> it could come as soon as today. i'm looking at this like a marriage at the moment. as the moree beautiful bride. she has far bigger customer base. they also been dating in the past. ee has been selling bt's broadband services and bt is selling some mobile offerings via ee. they have already been getting up the heat. but they've got a difficult family. has orange and digital telecom together. do you want to be negotiating with twop separate players -- two separate players? if orange would get out of the whole deal entirely, deutsche telekom would keep 50% of any deal they strike. , this are looking at o2 is a far easier relationship. one parent, telefonica. te

u.k., germany, france all gaining ground. u.s. always was the number one destination. >> i would rather come here. i'm from here anyway. >>> 18 minutes after the hour. what will the weather hold for the day? indra petersons is starting our forecast. >> happy december. >> that is crazy. seeing things change. we felt it for a while. it feels like it has been december thanks to the storms. another one is out there today. this one generally bringing some light rain. the northeast back down through texas. some of you will be looking at snow and some freezing rain will be out there today. as far as that wintry mix, illinois and from through missouri as the system makes its way through. by tomorrow, d.c. during commute time, you could start to see some snow flakes out there. throughout the day tomorrow, the wintry mix in the northeast and kicking out of here. cool air and nice chilly air right behind the system. this is not a huge storm, but you will talk about a couple of flurries. most of you seeing under 1 inch of snowfall. look at ra

certainly in the case of the u.k., i think it's really very deliberate.s happened, if you look at this pictures that we have found just south of the syrian orphans living in a ditch between farmer's fields and some afghans with a tiny baby girl. they had gone there, found it full and literally had been backed up down the road so they were a good half an hour south of outside a little village. but the french people in the village knew exactly where they were because they showed us where they were. but they weren't prepared to help them any more than the british work it's been a policy certainly in u.k. to stop people from coming in. two main reasons why, one is this supposition that the government keeps putting about here that people that go off to syria then would come back and pose a terrorist threat to the u.k. the courts at the moment in london in particular are full of people who have been arrested by the police on the allegations that they want to go to fight in syria. and so this is sort of overarching sense that anybody syrian who comes in to the u

. >> while immigration is a hot issue and the u.k.n the run-up to next year's elections the support for the u.k. independence party which wants to paul britton out of europe, has fueled the debate. it seems the left labored apart -- the left labour government says that they will go after employers that exploit workers. ask for being here with us on "france 24." isn't it up to a free market economy to hire whoever they want in the european union? >> regulations and relation to wages and conditions. we have a minimum wage legislation and britain, in britain, france, and many other countries. they have been undermining that by paying people less. >> but it is already illegal to pay workers less than the minimum wage, isn't it? what can we do about this policy ? jeremy corbin? unfortunately, we seem to have lost our guest. we will try to get him for you later in the program. let's bring you some business news now. perhaps you can talk to us about employment, but we are starting off in paris. taxi drivers. about this app on smartphones, yo

and u.k. assets. >> thank you very much indeed.ols joining us from berlin on the cement story. when we get back, we will talk airbags. we will tell you what has been happening with takata. ♪ welcome back. your washing "on the move." i want to take you to the takata airbags scandal that has engulfed the company. it is announced that the president will step down. takata's up -- chairman will step up. executives will give up a surrounding the scandal involving deaths involving the project. the president will give up 50% of his pay for four months. this is after the airbag recalls we have seen coming through. let's go from airbags to airbus. the company is developing a high-altitude, solar powered drone that can stay aloft indefinitely. check it out. in greek mythology, zephyr was the god of the light, westerly wind. zephyr glides through the skies. solar-powered aircraft. it is very light and flies at high altitude. >> zephyr is more than a aircraft. high-altitude pseudo-satellite, or haps system, invented by airbus. >> we can do obse

all health workers who come back to the u.k., the temperature was taken. she was not feeling normal at the scene. but it only becomes infectious once you start displaying symptoms. and that appeared to be the case once she was home monday night and tuesday morning. >> stay with us on bbc world news. still to come, visiting the scene of the pakistan school massacre in peschel are -- peshawar. makes you are watching bbc world news. the headlines for you this hour -- italian coast guard said it had completed the evacuation of the ferry that caught fire in storming conditions in the adriatic sea. can people are known to have died, but the number of passengers who were originally board is unclear. the search for air asia missing flight has been suspended for the second night. the air asia passenger jet that disappeared monday morning, we understand the search for that will resume at daybreak. the agency coordinating the search has asked the u.s. for help. it had 162 people on board when it disappeared. >> at first light, the search resumes. they are now deploye

and u.k. who are willing to buy russian companies.re are a number of companies which are very attractive. everybody is waiting for the situation to be more stable. people are willing to take the risk. moves, it is more difficult. we are there to help people trade under any circumstances, to be open and reliable as we want to be. >> ryan here. can you give us a sense of how investors reacted on tuesday to the 23% plunge in the ruble? has there been panic? is there a rush to the door to exit? how concerned are you about these interest rates we have now, 17%, that has really pushed up bond yields. >> you've probably seen the same picture. the investors didn't react well. it is a difficult situation. it is very volatile. i wouldn't say we've seen a rush to the door. i think they left the market sometime ago. specialists still looking at the market and trading it. rate, it isnterest high, but this is what central bank had to do. analysts expected it sometime earlier. it is easy to say this now, when things have happened, but i think this i

u.k.id it most spectacular as all, let's raise rates, it does not work, let's raise the more, doesn't work then let's cut rates and leave in one day. >> so it sounds sensible in that context? >> it does, but it can move an awfully long way and you of a population that is importing a lot of things so maybe cost do go up quickly and in a big way. is, there is not sort of a playbook that anyone is confident with. go -- help. and you the reality is central banks are , then they control are making stabs in the dark thinking, does a 2% rate hike help or will it make things worse? european central bank has been raising rates for a long time, we will get the latest results of their long-term lending this morning. this is another bloomberg story and the last way for hours that mario draghi might be hoping for a poor figure as it might persuade the naysayers to accept sovereign bond purchases. he was terribly optimistic at first and i think he is hoping for a good figure and is having some sensation

therefore, i believe the interest was very high in the u.k.o trace and track him and he happened to be in bangalore. >> do you think his followers, those isis supporters are going to be a bit disillusioned when they find out who he is? >> not -- i don't know. but i really don't think so. he was doing a fairly good job of gathering information, getting a pat on the back of people when they needed one. he was encouraging them. he even said that he liked the isis, recruited youth and make them soldiers and they laughed outloud. >> so far there are no concrete links between the 24-year-old and isis. his father says he doesn't believe any of it. >> i cannot think this happened. i cannot believe it. >> if convicted he could serve up to ten years in prison. >>> isis would have the world believe their power and popularity are only growing. nowhere more so than the jihadist stronghold of syria. but the reality of life under isis rule is entirely different as we learned from our cnn reporter. >> reporter: the day begins with air strikes by the assad reg

. >> it was delivered a little earlier in the u.k. celebrations have been muted in sierra leone this year as the country struggles with banning festivities to try to prevent the spread of the disease. >> bringing the spirit of christmas to ebola patients health workers in this red cross center gave a concert to celebrate the day. most cap a safe disk and but one worker in full protective gear joined sick children with a little dance. the celebrations were an exception to an otherwise somber holiday season in sierra leone. christmas decorations are out at the residence are not really in the mood for celebrating. >> we are not enjoying festivities. there is no joy there. >> authorities banned all public celebrations to prevent the spread of the ebola outbreak in a country that accounts for nearly half of all declared cases. >> one way we can break the chain of transmission is at the community level, and once we do that we can scale down the area. >> the government also imposed a lockdown in the north in an effort to contain the spread o

the key question is consolidation going to ramp up in the u.k..ould the smallest of the mobile networks, could they be looking to buy and the likes of 02 going forward? the key question of where consolidation goes from here. >> let's talk to lucy. you like the consolidation story. you had your call on telecom stocks a while ago. is bp getting too big too quickly? it causes a little caution, but it is logical what they are doing. i think we need to know a little more about synergy. they should have some. we really haven't seen the numbers yet. >> we covered everything this morning. telecoms, financials, the world. lucy, thank you for joining us. took the stress test by the skin of its deep. i am looking at equity markets in london pretty much dead flat. what does a 6.5% rate hike by you? it buys you a rally and dollar ruble of 1.16%. not a lot. the ruble is up against the dollar by just 1%. plenty of moves in the market to talk about. we can do that on twitter as well. in two.move" is back ♪ . . . >> you are looking at manufacturing coming in. -- s

of e u.k. all of thoe are staffed.e are opening another suite o these facili ienve imminently ovethe next ew days and with each organization with a grouof unmanned cba there isa populat starting plan for the u.k. from sierra leone as you kno wve treated health workers internatnally. sothe issue istomake re fm a of those soues whi cles t nhs for th available acilities at the moment, thais okay expt for the critic aas i talked about. so we wi be coming bck to ore of toseoluteers inthe n. as i say we aa thousand public servants atthe moment. what wne to do is akthe peoe fro he particular rotations and facilies rather an any more fan of w. >> can i just comment on e informatioweave that cuba h ommitted 1 health profsionals to work in the u.k. treatment centers and quite significant number for the citizenan overall plan. i think one of thefirst countries in october they talk to theminster ther threin lots of her facilities. across doing aual this. thas hped us a lot in facilities. >> at bakesthe question tat they hav had a

it gets even less for women over 40, all of which means if a woman in the u.k.o earn as much as her male equivalent she will need to work until she is 80 years old. the new law will force every company with 250 workers to publish their rates of pay. >> it's not just a women's issue, because no dad or husband or brother wants to see their loved one paid less than what they deserve. so if you shine a light on it, then you can hope to put it right. >> reporter: pricewaterhousecoopers is already doing it. it's complicated to fix, but for them it is simply good business. >> there are not enough women in senior positions, or women are in certain positions and not others. if you are only picking from half of the population, that is killing our business sense, isn't it? maternity leave. but the hope is the new law will force new companies to take a long hard look at their own pay gaps and start working to fix them. simon mcgregorwood wood al jazeera, london. >>> and now fifa's president is rejecting the demand of information released from his world cup bids report. he i

for the u.k.so the u.k. version was made before the american version. the american version was slightly longer, in fact, and hbo wanted more context and more -- a bit more detail. for the u.k. version, we used dominic west, who, funnily enough, plays mcnulty in "the wire", and this was his first ever voice over narration job and >> "the wire" on hbo. >> yes. yes, yes. >> well, let's watch so those who haven't seen this can get a sense of the feeling that you put into it. this is fareed zakaria, opening it up. and if you pay close attention all the elements of what's in this are in this opening couple of minutes. >> what you are about to watch is unique. all terrorist attacks so far have been reconstructed or recounted from the point of view of the survivors, witnesses, and first responders. this time, you are with the terrorists. you will hear the voices of the young men on the ground in mumbai. you will hear their masters in pakistan. and you will also see the victims -- men, women and children -

the u.k. includes a payment of as much as $100 million. it depends on the performance of business in 2015. porsche is recalling a model that has a problem with a fighter. it's a precaution measure and it was discovered during inhouse quality testing. the company sold the hybrid car at $845,000. now, a reminder that markets near london and in spain and in france are closing early today. italy, germany and switzerland, plus greece are closed for the whole day. still ahead -- the dow pushed a nice little number as we closed out the year, 18,000 clear yesterday. what's in store for global markets in 2015? we'll forecast a critical eye over the new year. ♪ >> it's 11 mental past the hour, and we're looking forward to 2015. nice to see you. so, 2014, the last act of 2014 has been to see the u.s. economy deliver some really stellar data. put that in context for us. what does yesterday's g.d.p. number tell us about 2015? >> the first thing it tells us is that the chances of rates finally going up, we'

basically foreigners owning businesses in the u.k. extracting more profits from them and taking them abroad compared to u.k. investors, say, in the united states not able to bring as much cash back from, say, their u.s. operations. that is partly because of u.s. operations are paying less in dividends and more in stock buy backs. it's difficult of course because if you apply it to the euro zone, your take during the course of the year would have been severely depressed. but we don't need to worry about those things with two kays to christmas. >> apparently not to worry about much of anything right now. >> the biggin' bank of the england and the sterling and monetary policy but you don't want to know about that now. >> thank you simon. when we come back our next guest co-authored an op ed with the jod apatow. his company trying to change the way your company communicates. think snap chat for the office. stocks mostly in the green. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing

why are u.k. stocks in the doldrums? this is the ftse 100 index in 2014. this is the u.k.rk stock index. today, it has fallen by 3%. that is its first annual decline since 2011. there have been highs for the ftse in 2014. notably, the place i've settled, the green circle. that was when the index closed at 6878, the highest since december 1999, the day the ftse closed at its all-time high of 6930. since then, as you can see very clearly, it has been a volatile ride. the drop in commodities has meant that energy and mining shares have dragged the ftse 100 index down. investors in u.k. stocks among the biggest developed market losers in 2014. only austria, greece, and portugal have fared worse. withre the ftse's 3% fall gains for the s&p 500, the dax, the ibex, the ftse mib in italy, the nikkei in japan and the hang seng index. it has been a bit of a laggard among global developed market stocks. it is all about oil and gas, and mining companies. shell rio tinto, bhp, these companies make up 20% of the ftse. there are others on top of those. down 45% since june. with commodity

that is latest. >> the u.k.ellor of the exchequer also sat down with charlie rose and started by talking about the nation's deficit. ask this was a deficit built up in the good years before the financial rash. -- financial crash. -- yes,ut of that crash it is. it is of course half what it was. we have done the hard work in reducing our deficit. we are seen by institutions like the imf to have the most sustained and effective deficit i reduction program. you've got to stay the course. you've got to go on dealing with your deficit and bring your debt down as part of a program that says to the world, britain is the place to be, the place to create your business, the place to invest. faster thaning jobs any other major economy in the world. >> that is the winner. >> unlike the u.s., the participation rate in the u.k. is at an all most record high. we are not getting people dropping out of the labor force. i think the u.s. is a strong begin in the world economy as well. i think what both of us have managed to achieve

other people would dispute how effective it was in the u.k. for instance. i think the issue for the eurozone is not so much whether quantitative easing would work it is the impact of the euro on the zone itself and i think the deflationary trends we are seeing and parts of the eurozone particularly the southern eurozone are more to do with the euro and less with the conditions by the ecb. it's a debate certainly worth having a foreign investor a really outcome does not matter, maybe it is just what they are going to buy and what it means for asset prices. and in that context you see a story like is that it would to central-bank members of the ecb fate you something under consideration for january, qe is coming, is it just bye bye off the back of it? asset markets like injections of liquidity that for the inflation comes it shows through asset prices. others in germany are concerned about the inflationary consequences of quantitative easing. >> when you look at the ecb to question the credibility you see him downgrade their forecast for inflation? two weeks

let me just point out we know the u.k. global air traffic control management company has just tweeted and this is what they have tweeted. "we are investigating the cause of this fault but can confirm that it was not due to a power outage." tell me what we do know. >> reporter: what we do know in the words of one female passenger, this is a mess. this is a disaster. we do know as you say an air traffic control center run by the national air traffic control service had what they are calling a technical glitch. that came about four hours ago. they said they wouldn't necessarily describe that as a computer problem but more just a technical problem and say it definitely was not a power outage. that lasted for about an hour. after that the systems got back up and running but it's had a huge knock on effect. in the first instance, planes coming from europe into london and across the whole of southern england and whales were grounded. they weren't allowed to head toward britain and any of the flights that were flying over u.k. air

the u.k.irspace over london is currently closed. we've also heard from heathrow posting on twitter saying that a power outage at the national air transportation safety control center. flies are currently expecting delays. all airspace over london closed. >> welcome back to "market makers." scarlet, the u.s. is finally getting the message on credit card security. mitch and -- merchants face a key deadline, so-called chip and pin cards will require a lot of spending on upgrades by the merchants and also by the card issuers and that is a big for technologies. about this liability shift. stepping up the technology to the consumer so your card numbers and information doesn't get stolen and you don't get defrauded. >> exactly right. what will happen in october 2015 is if your card is used fraudulently by counterfeiting and if your financial institution has issued you a card with a chip, the financial institution will not anymore be responsible for the fraud. the fraud will shift to the merchants onl