also figuring on the forbes list today will be ursula von der leyen — as of this month the first womanropean commission. as the first woman to be president of the commission, every member will have a gendered balanced cabinet. for the very first time. and by the end of our mandate we will have gender equality at all levels of management for the very first time and this will change the face of the commission. kat usita is senior economist at the official monetary and financial institutions forum. welcome. great to hear ursula there saying that gender equality will be front and centre now at the european commission. christine oversees her first monetary policy committee meeting at the european central tank. two very powerful women at the centre of europe. and it has taken a long time for women to take from te na nts long time for women to take from tenants but even if this is definitely a good thing, there is a long way to go because von der leyen is one of 1a women heading central banks all over the world considering there are 173 banks, that is still a small number. and janet yellen, t

frankfurter allgemeine looks at comments by the new president of the european commission, ursula von der leyen, in which she said the eu must become a pioneer in saving the world's climate. time magazine has made the 16—year—old environmental campaigner, greta thunberg, its person of the year. it says, "she has offered a moral clarion call to those who are willing to act, and hurled shame on those who are not." we move on to someone who used to be a global icon but whose image has taken something of a beating recently, aung san suu kyi. one of the most reliable myanmar—based news sites, the irrawaddy, reports her defence of the burmese military‘s actions against the muslim rohingya people at the world court. finally, our own bbc news website reports a development which may be welcome at this time of year, employers granting ‘hangover days‘ to employees who over—indulge the night before. a p pa re ntly apparently you can work from home, something i can't do. so let's begin with france. with me is iain anderson, chair of pr company cicero group. we chair of pr company cicero group. can't talk to

say the changes could lead to spectacular losses create ursula von der leyen wants to turn europe intohe world's first climate neutral condit that -- continent. define what have to activities are considered green and what are not. money managers are being told to disclose how they incorporate sustainability factors in the investment decision. bank regulators encourage green lending. treatment for sustainable investments could underestimate financial risk. banking should focus on the risk faced by regulated firms and not political goals. >> owning high-grade corporate -- now some money managers are saying bonds are looking expensive. to look for value, they are turning to the structured products market. as the desire is clear, this has been a high-performing area we see high valuations, what is the risk of moving into some of these areas which have been popular in 2019? are we worried about quality? at this point in the cycle, investors want to look at the of inequality trade. there is concern about leverage overall in the cycle. investors are being very picky. they want to invest in co

and that's the new eu commisioner, ursula von der leyen, on the top of the ft.iorities will be top of her agenda. 0k, ok, let's begin with the sun newspaper. two days after the attack and we now have the full details of the two people who were killed, and of course it is particularly heartbreaking, this picture we see, because of course they were so young and because they seemed to be so idealistic, because they were doing such great works, because they selflessly tried to dedicate their lives to others, somebody put it. and they were so similar. she had applied to the police to work in victim support. he worked in inmates ina victim support. he worked in inmates in a prison. they had done the same masters degree in criminology. they both wanted to help make the world a better place. catherine? yes, it is absolutely heartbreaking. the headline of the sun is "the angel stolen by pure evil". the metro's is "killed for caring". and that's it. these two individuals had chosen to help people who had been in prison, that most of us would turn our backs on, and want to

alix: that was ursula von der leyen's monumental green moment. european commission unveiled their aggressive climate targets that will be carbon neutral by 2050 and they raised the reduction target to as much as 55%. the big question is how much money is this going to take? bloomberg economics might have an answer. according to its analysis, it's going to take a 1970's style investment including additional investment of almost 2.5% of gdp which is about 400 billion euros per year and a 10% increase in overall investment over the next 30 years. it will rely heavily on private funding and maybe fiscal rules could be revised to make room for this green investment. speaking of, it's time for the bnef brief, analysis on clean energy, advanced technologies, transport, and commodities. today we found that clean energy investment stalwarts are seeing investments fall. joining me is louisa from bloomberg nef. when you take a look at that, what does that tell you about who is leading in the clean energy investment? you are right. investments have shifted f

. >> urszula -- ursula von der leyen has set a fast pace. brent: saudi arabian oil giant aramco has become the world's largest listed company after making its debut on the world stock exchange. the 25 billion dollar initial public offering is the biggest ever in history. saudi arabia is privatizing assets as a step toward reducing its reliance on oil. and suspected islamic militants in niger have killed 70 soldiers. were told the attack came during the night in a village in western niger near the voyage -- new the border with maui -- with mali. a south pacific island, bougainville, have voted to break from papua new guinea, paving the way for to become the world's newest country. more than 98% of voters said yes to independence. india's parliament has passed a controversial new law that offers citizenship to undocumented migrants from its neighboring countries as long as they are not muslims. the upper house past the bill 125 votes-105. the bill has already been approved by the lower house and is now set to be signed into law. the legislatio

so it's week one for the new president ursula von der leyen and she fronted her first press conferencenity has to start here at the core of the european institutions in the college. so, von der leyen is ready to go — and has already set out her key priorities, but what about the priorities of the voters in europe? eu—pinions, is a project run by the german foundation bertelsmann stiftung — it is a survey of over 12,000 people from around the eu. so, do the results of their survey match up with what the commission is proposing? 0n von der leyen's list for herfirst100 days — which we showed you last week — is a european green deal. it sets big targets for lowering emmissions. 0n the economy she wants every worker in the eu to have a fair minimum wage, and by the end of next year she wants to resolve the thorny issue of a europe wide digital tax. and the european public? well their top priority is the same, protecting the environment, they also want the eu to do more to create jobs, their biggest concern is the rising cost of living. with us to discuss, from eu—pinions, is isabell hoffman

you see the head of the eu commission, ursula von der leyen, that is one of her big topics, it is onecs of christine lagarde, the head of the bank of england, will become the un financial envoy for climate change. so it really has garnered enormous amount. christine lagarde now in charge of the european central bank, and as you said she has made it a central pillar in her thinking in going forward. it is something we are looking out on bbc online as well as this summit gets under way in madrid. all the recent evidence that has come out of, you know, organisations like the un et cetera recently, the world meteorological society all points of the fact that the situation is getting worse, not better, despite everybody‘s efforts. so there was more pressure on governments and business leaders than ever before to make significant change. and i think what is new in the debate is it brings more prominence to finance. you had the sustainability people who have been going on about this for 20 years, but this has really garnered momentum, that people say ok, we shouldn't finance polluting indust

ursula von der leyen described the so—called ‘green new deal‘ as europe‘s ‘man on the moon moment‘ andte change, but also create jobs and boost innovation. a hundred billion euros will be put into the plan including creating a transition fund for coal—reliant countries in eastern europe who are holding off on backing the deal. this is europe‘s man on the moon moment. the old growth model based on fossilfuels moment. the old growth model based on fossil fuels and pollution is out of date and it is out of touch with our planet. more than 70 soldiers have died in an attack by suspected islamist militants in niger. it happened at a military base in inates, which was also attacked injuly when 18 soldiers died. there have been no claims of responsibility for the latest incident. officials injersey city in the united states have suggested an anti—semitic motive was behind a shooting at a kosher grocery store on tuesday night that left six people dead. the mayor ofjersey city said cctv pictures make it "clear" the gunmen chose that establishment deliberately. one of the suspects had published

and that's the new eu commisioner, ursula von der leyen, on the top of the ft.s her spending priorities will be top of her agenda. let's start of our chat. we will start with the front of the metro. anybody looking at that picture, you feel so sad. it is horrendous. anybody who dies before their time, it is always dreadful, but this is unspeakable. these two very young people with their whole lives ahead of them, jack was 25, saskia was 23, both graduates at cambridge, both had everything ahead of them, and it is particularly poignant because they had both chosen to go out of their way to help and do what they could for prisoners and people that most of society completely turned their back on, do not want to know about, to else's problem, but they we re about, to else's problem, but they were keen on helping the underdog, trying to do what they could, and sadly they have paid with their lives, and it is terribly sad. they seem so lives, and it is terribly sad. they seem so similarwhen lives, and it is terribly sad. they seem so similar when we read about them. j

european commission president, jean—claude juncker, officially hands over to his successor, ursula von der leyenross the atlantic. she will then head to madrid to speak at the cop25 climate change conference. later today, the ceo of tesla and spacex will testify in a defamation suit brought against him by vernon unsworth, a british man who helped with the rescue of 12 boys and their soccer coach from a flooding thai cave injuly 2018. northern ireland has been at the heart of the brexit process because it‘s the only part of the uk which has a land border with another eu country. the issue has led to increased political divisions, reflecting the two sides of a conflict which largely ended in the late 1990s. 0ur ireland correspondent chris page has been asking people who don‘t easily fit into the main political groups what they make of the choices in the general election. the north—eastern corner of the island of ireland is a state apart, separated from the rest of the united kingdom by the sea. here, the british conservative and labour parties have little support. the effects of a long conflict wh

the european commission, jean—claude juncker, has officially handed over to his successor ursula von der leyenls. the former prime minister of luxembourg was emotional as he made a short speech. his five—year term was marked by some stiff tests for the eu, including the migrant crisis, internal tensions and of course, brexit. nasa says the wreckage of india's vikram lunar lander has been identified, three months after it crashed onto the surface of the moon. it was thanks in part to an indian space enthusiast, an it engineer who spotted it when he ran side—by—side comparison images on two laptops. the us space agency had released satellite images and asked people to search for it. australia has controversially repealed a law which allowed sick refugees held offshore to be treated in the country. the ‘medevac law‘ has been criticised by the government as compromising australia's borders. the prime minister believed it posed a threat to national security and has won a vote to scrap it. let's get more now from our sydney correspondent shaimaa khalil. this is going to be controversial? extremely c

the european commission president ursula von der leyen has warned that borisjohnson‘s ambition to "gettors with "very little time" to achieve a trade deal. so so let‘s see what our reviewers have to say. let‘s start with the daily mail. anna, do you want to kick us off? boris‘s high street boost. we‘ve been hearing for years now the changes to business rates have been one of the reasons why high street shopkeepers have been struggling to stay afloat, these taxes are done in what people think is an arbitrary way, in terms of how they are allocated, not just on way, in terms of how they are allocated, notjust on the size of business but the nature of the property in which business occurs and that said, this cost of taking the tax from 33% to 50% or rather, the tax from 33% to 50% or rather, the discount on the tax to that, 322 million. we know that councils are already really strapped for cash. there is a reason these rates have not been slashed already and it‘s because this is one of the main revenue generating areas which is helping councils deal with the situations we are seeing in so

alix: that was ursula von der leyen's monumental green moment.n commission unveiled their aggressive climate targets that will be carbon neutral by 2050 and they raised the reduction target to as much as 55%. the big question is how much money is this going to take? bloomberg economics might have an answer. according to its analysis, it's going to take a 1970's style investment including additional investment of almost 2.5% of gdp which is about 400 billion euros per year and a 10% increase in overall investment over the next 30 years. it will rely heavily on private funding and maybe fiscal rules could be revised to make room for this green investment. speaking of, it's time for the bnef brief, analysis on clean energy, advanced technologies , and commodities. today we found that clean energy investment stalwarts are seeing investments fall. joining me is louisa from bloomberg nef. when you take a look at that, what does that tell you about who is leading in the clean energy investment? louisa: you are right. investments have shifted from tradit

european commission president ursula von der leyen telling a french nurse paper -- a french newspaper she is worried about how much time is left. after a landslide primary victory, israeli prime minister benjamin netanyahu is looking ahead. he will need a big win in national elections in march to stay in office. escapinghope of corruption charges is to gain a majority that would grant him immunity. over to southern australia, where temperatures are soaring to a blistering 108 degrees fahrenheit. farther east, firefighters continue to battle bushfires. they are trying to gain more ground on the blazes before a heat wave hits this weekend. about 70 fires are burning across australia. nearly half are not contained. they've destroyed dozens of homes. russia confirming it will appeal its four-year olympic ban for doping. the russian anti-doping agency disagrees with the assessment by the world anti-doping agency. the case now heads to an arbitration court. the russian teams are banned from next year's olympics and the 2022 world cup. global news 24 hours a day, on air and on quicktake by b

. >> ursula von der leyen will present her green deal in brussels today, including a timeline for varioust forward between now and the end of her term. what do we expect today? >> this could potentially be huge. we are talking about a green deal that could change the way many industries in europe operate. we know she has said said she wants to make europe climate neutral by 2050. the goal is ambitious. the deadline is tight. it could change many aspects of the european economy, the way carbon is priced, the way some of the taxation is being implemented, and she has also promised one trillion euros to pay for this. she is going to need public investment and also companies, european companies to play along that is really the question at this point. already there is pushback from a number of industries. this is not going to affect everyone the same way, and you see the european commission saying this is something they strongly believe in and they are going to go ahead. ♪ protesters calling for a general strike after the biggest pro-democracy march in months on sunday. have one number of thos

mark: european commission president ursula von der leyen tells a french newspaper she is worried by howtle time is a long-term trade deal with the eu by the end of 2020. she says that as optimistic. after a landslide primary victory, is really prime minister benjamin netanyahu is looking ahead. he will need a big win in elections in march to stay ahead , and gain an majority in parliament willing to grant him immunity. in australia, temperatures soared to a blistering 108 degrees today, 42 degrees celsius. further east, firefighters continue to battle brushfires, trying to gain more ground on the blazes for a heat wave hits this weekend. about 70 fires are burning across australia. nearly half are not contained. they have destroyed dozens of homes. russia has confirmed it will appeal its four year olympic man for manipulating -- olympic ban for manipulating doping data. the russian anti-doping agency disagrees with the sanctions imposed by the world anti-doping agency. the case now heads to an arbitration court. russian teams are banned from a includingmpetitions, next year's limbic's -

this is eu commission president ursula von der leyen. >> we do not have all of the answers yet. today is the start of a journey. but this is europe's man on the moon moment. amy: the european green deal would seek to have europe become the first t climate-neutral continent by 2050. it would also seek to halve greenhouse gas emissions by 202030. european leaders are discussing the emissions goals at a summit in brussels today. environmentalists here at cop25 in madrid, spain, welcomed the plan but said it does not go far enough in cutting greenhouse gas emissions. this is greenpeace campaigner martin kaiser. >> the new green deal proposed by the commission today is not adequate to the climate emergency we see already in europe. amy: back in the united states, justice department inspector general michael horowitz testified before the senate judiciary committee wednesday, where he reiterated his report's key finding that the fbi's opening of an investigation into president trump's 2016 campaign aides was not politically motivated. during the hearing, republican lawmakers slammed th

boris johnson wants an agreed deal by the end of 2020 and ursula von der leyen has called it optimisticthe transition may need to be extended beyond 2020. the city of london will get an important bargaining chip for the e.u., according to a report from the times. brussels will threaten to block their access to european markets and put up barriers to data sharing as part of the strategy to demand britain aligns with e.u. rules. we are back with patrick armstrong. we are getting brexit done but do not know what to do with the transition agreement. patrick: we have another cliff edge next year in december, and for the next nine months we will probably see most size and trenching and their negotiation position, a lot of rhetoric about what will happen if the deal is not done, and it is hard to see how europeans do things, how we make progress in quick order. until we get past this december cliff edge next year, that is going to curtail investments. francine: what does it mean for pound? i am trying to get the pound chart that i am in a food coma from wednesday. patrick: i think we will lend

the president of the european commission, ursula von der leyen, she has said that she favours an approachstep approach to try and negotiate a limited range of things first and that deal with the real basics, trading goods, fair competition. it's worth noting that in practice this change to the law doesn't necessarily rule out an extention to the transition period. borisjohnson has a large majority in parliament so he could easily change the law preventing him from doing so. interesting to look at the markets on this. bbc economics editor faisal islam here's a graph showing the pound against the us dollar. you can see clearly the rise in the pound straight after the election, and the drop—off today. so not for the first time, borisjohnson is taking a risk. here's naomi grimley‘s assessment of it. in order to get it done in a timeframe which people like michel like michel barnier think is possible, it may mean that borisjohnson as to cave in on certain things. this particularly when it comes to aligning the uk economy with the eu on labour laws or environmental laws or, allowing the eu acce

the president of the commission, ursula von der leyen, who said it would be extremely challenging toationship between the uk and the eu in the space of 12 months. he briefed them in strasbourg, where they are meeting. since that meeting broke up, we have heard from one of the vice presidents of the european commission and what he said was, it would be very limited and very problematic, the time period for negotiating a free trade agreement, if it is only next year. he did say we will need to see exactly what can be achieved, so the eu is not saying it is impossible, just that it is extremely pressurised. that is because there is an easy way to achieve a deal in that space of time, which is the uk once continued free trade, no tariffs, no other restrictions and goods back and forth. the way to do that is, the eu will say there are conditions which must be accepted. if the uk were to sign up to the straightaway, things could move fairly fast. but those conditions are quite owner is, quite tough for the uk. essentially it is, what the eu calls, a level playing field and that means the u

the year — addressed the un climate summit in the spanish capital, the commission president ursula von der leyenit as out of touch with our planet. she was to cut emissions by 50% by 2030. in parliament listening to that speech was portuguese mep francisco guerreiro. he is part of the greens — european free alliance in the european parliament. he joins us from brussels. lovely to have you with us. she said today that this was an on the moon moment for europe. is that how it feels to you? is it that bold?m moment for europe. is that how it feels to you? is it that bold? it is quite a statement. we have to assess that this is a change that has been broad—based civil that this is a change that has been broad— based civil society and that this is a change that has been broad—based civil society and not by additional parties. it is an important step. a couple of weeks we declared climate emergency in the european parliament, so the commission in ten days after it was nominated, it has presented these lines of action which are quite important. but we have to see january of what the guidelines are, the

the commission's new president ursula von der leyen has made finalising a green deal her top priorityy 2050. but her plans require unanimous approval from all members of the eu council, which won't come easy. they have been met with opposition from poland, hungary and the czech republic — with one of the main concerns being whether the eu can afford the huge investment needed to reach the goals. our correspondent gavin lee has been following today's summit and joins us now. gavin, this green deal, is the new european leadership going to get it three? brand-new team within the european union, new head of the european union, new head of the european council. ursula, the first woman in the job european council. ursula, the first woman in thejob in european council. ursula, the first woman in the job in what european council. ursula, the first woman in thejob in what is european council. ursula, the first woman in the job in what is the most powerful position, really. a new broom soups clean, or a new pram soup screen, because that is what she wants. basically, she is causing a revolution

the prime minister has also received a letter from the new european commission president, ursula von der leyendeep and ambitious partnership" between britain and the eu in future relationship talks. it is the week before christmas and the week donald trump is likely to become only the third american president to be impeached. not much cause for holiday cheer in the white house, which may account for the massive number of tweets and retweets coming recently from the president's twitter account — 115 in one day alone. nearly all of them on the subject of impeachment. i have turned off my notifications. it looks like the vote will be on wednesday and its expected to pass. then the senate takes up the process and there will be what is effectively a trial of the president — with senators sitting as jurors and the supreme court chiefjustice acting asjudge. the senators are meant to take the evidence into account and then passjudgement — — but the top republican senator made it clear this weekend that's not how its going to happen. everything i do during this, i am coordinating with white house couns

when ursula von der leyen took up her new role as president of the eu commission on the 1st decemberar, we've looked at her policy agenda for the new commission and how that aligns with the priorities of eu citizens — and last week examined if europe's green new deal goes far enough. and this week christian will be especially upset not to be here — not only is he missing the latest part of his own pet project, but we're talking about one of his very favourite topics — trade! how will this new commission protect its trade interests when the multilateral institutions it claims to support are so paralysed? meredith crowley, a cambridge university trade expert, joins us now. miss crowley, will we see a different eu commission in its attitude to trade when it comes to perhaps china and the united states than the previous one? so, the us and china just had our trade truce this week, and the big outcome of thatis this week, and the big outcome of that is going forward, those two countries are going to resolve any future disputes by lateral negotiations. so they are no longer going to go to

the president of the european commission, ursula von der leyen, has presented what she calls her greenaid the plan was about cutting emissions, creating jobs and boosting innovation. mrs von der leyen said it was a significant moment for the european community. this is not just this is notjust our vision for a climate neutral content, it is a road map for action. with 50 radical steps on your‘s path towards 2050. it will take more than a generation to reach that goal. we know that this road map will have to evolve and adapt through the years. it will bea and adapt through the years. it will be a very long and partly bumpy road without any question, but it is up to us to set the pace, it is up to us to us to set the pace, it is up to us to leave no one behind and we that it us to leave no one behind and we thatitis us to leave no one behind and we that it is doable, we are determined to succeed for the sake of this planet and life on it. our correspondent gavin lee is in brussels. is this a new target being recommended by the new president of the european commission? well, she wa nted t

commercial chief, ursula von der leyen. maria tadeo is in brussels.pecting to hear from the european union when they come out with an official statement? maria: we have leaders meeting in brussels, keeping an eye on results coming out of the u.k. but if you look at the exit poll, that is the final result. they would say it is good news for europe. if you listen to what officials have said repeatedly, they wanted to hear the u.k. speak with one voice and that was always a reference to the u.k. government and the u.k. parliament. they operate on the basis that with a majority, boris johnson will put back the deal to the u.k. parliament, it will get approved, and the united kingdom will leave the european union in january 2020 with a deal. this is of course good news for the e.u. because they accepted the fact that brexit was going to happen. they gave up on the idea of a second referendum and were hoping that they could get this thing done with a deal. results to materialize, you would see the u.k. leave with a deal. the crucial thing is that future rel

ursula von der won the backing of a clear majority. several members of her team spoke with bloomberg about the path ahead for the european union. ms. von der leyene change is existential. there is a huge opportunity in it, too, because at the moment being we are the european front-runner fighting climate change and new technologies and green financing. we have 40% of the renewable energy worldwide. so if we do well, it is not only good for the planet and the people, but it will also be good for the european economy, because we will be the exporter of knowledge and technology. we will be the front-runner then. >> when you look at the friction we have seen between germany and france, macron said it was brain-dead and angela merkel said it was too drastic. do you see a bigger role for the eu within nato? do you believe maybe it is time to consider a bigger european army? ms. von der leyen: well, nato will always be collective defense, article five, without any question. nato is the strongest military alliance with the world. the european union has a different role. of course we have many european member states that are also members in the nato alli