the president of poland tells the bbc that he's not in favour of restoring russian gas flows to western europe. hello, and welcome to business today. i'm steve lai. the trump administration will no longer impose tariffs and sanctions on colombia, after the south american country agreed to accept deported migrants from the united states. both sides had slapped 25% tariffs on each other over the deportation of migrants — but the us has now backtracked on that. for the latest, let's bring in our reporter. get us up bring in our reporter. get us up to speed with all the twists and turns. up to speed with all the twists and tum-— and turns. it's escalated rather quickly, - and turns. it's escalated rather quickly, but - and turns. it's escalated rather quickly, but it - and turns. it's escalated | rather quickly, but it also managed to de—escalate quickly. we still don't know what changed colombia's mind because, if you actually look the president of poland tells the bbc to western europe. i'm steve lai. the trump administration will no longer impose tariffs and sanctions on colombia, after the sou

the president of poland tells the bbc that he's not in favour of restoring russian gas flows to western europe. hello and welcome to business today. i'm steve lai. we begin with breaking news — earlier we told you about tariffs with columbia but now we hear that they may not be taking place. mariko oijoins us. tell us about the progress. we were telling you about how quickly this tension escalated but it seems like it managed to de—escalate quickly as well. we just saw a statement from the press sakkari of the united states saying the government of colombia has agreed to all of president trump's terms including that all illegal aliens from colombia to return on military aircraft without delay. the military aircraft was what presidents petro was complaining about, saying these people are not criminals and should be treated with dignity and should be returning in a civilian planes. he even offered to send his presidential plane to get them back home and that was when mr trump announced the key 5% tariffs on everything that gets imported from colombia into the united states which he said could be

the president of poland tells the bbc that he's not in favour of restoring russian gas flows to western europe. hello and welcome to business today. i'm steve lai. it's a big week for markets with investors eyeing the federal reserve�*s first policy decision of the year on thursday. their meeting comes hot on the heels of us president donald trump's comments to attendees of the world economic forum in davos last week, where he demanded that interest rates drop immediately. also during the week, we get report cards from a tech giants microsoft, alphabet, meta and tesla. for more on the outlook for markets in the new era of trump, let's bring injameelahmad, chiefanalyst at gtc global trade. the central bank is completely independent of any kind of outside interference and we have to take into account here that sometimes the bug is worse than the fight because last week, yes, interest rates, but in the lead up to the november 2024 presidential elections, he also said that yes, he can give an opinion, but the fed is left to do its ownjob and an opinion, but the fed is left to do its own job and th

and that you're going to see the same sort of voices coming out of western europe as well. particularly with donald trump is putting pressure on the western european nations to step up what they should be doing with nato. they are under funding with their obligations. our top is already called for them to increase that. and i think the double whammy of having to increase their nato obligations and give more to ukraine is going to put economic pressure on the countries that are already suffering economically. just another aspect of this israel has reportedly being excluded from the foreign aid halls. the news and also comes and made claims president trump lifted the poles on heavy bottoms supplies to his real. how do you see that changing the balance of power of the situation at least in the middle east? a. i think a trump is looking at re initiating the abraham records that literally had a saudi arabia at the table looking to make his store it progress towards bringing real and lasting peace to the middle east. when he left office device administration took a different tact. obviously t

and i think your dos, the streams in house, from taxpayers in western europe, questing whether they want more of their money to continue to flow in ukraine. i think us taxpayer spoke very clearly and the selection is donald trump was making it clear that the money flow was going to come to an end if he got elected. and i think you're going to see the same sort of voices coming out of western europe as well. particularly with donald trump is putting pressure on the western european nations to step up what they should be doing with nato. they are under funding with their obligations our top is already called for them to increase that. and i think the double whammy of having to increase their data obligations and give more to ukraine is going to put economic pressure on the countries that are already suffering economically. just another aspect of this israel has reportedly being excluded from the foreign aid halls. the news and also comes and made claims president trump lifted the poles on heavy balm supplies to israel. how do you see that changing the balance of power of the situation, at

so the western europe, or the us, can profit tear from their minerals from their resources. every nation of africa should be afraid, every nation in south america and central america, and perhaps other smaller nations in western europe, should be verified at the price of this the settings. we want your minerals and resources, we're going to push you into for more. so we can take from the, the white house has a nice to, it's to renew the cuba from its list of state sponsors of terrorism, less than a week before donald trump's in organization. the surprising lube ivy biden team was explained by the fact that it has not been engaged. they say in any illegal activity globally, the government of cuba has not provided any support for international terrorism. during the proceeding 6 month period, the government of cuba has provided assurances that it will not support acts of international terrorism in the future. well, joe biden has already notified congress over the decision mirroring a move on to adopt to buy another democratic president, brock obama. but it could be short lived,

so the western europe, or the us can profits here from their minerals, from their resources. every nation of africa should be afraid, every nation in south america and central america, and perhaps other smaller nations in western europe, should be kept verified at the price of this, the settings. we want your minerals and resources, we're going to push you into for more. so we can take from the have a negative bid farewell to 11 minutes. and as he seems to be in the mood off of the vote for recent ramstein meeting according to the bus. and for missing moser reyes, however, went on to highlight that that time was, trump is upset to take office and turned back by dozens policies, a degree in which the weather in december 2020, for the administration of the outgoing us. president biden sharply increased the pace of arms deliveries to ukraine, trying to master the remainder of the $61000000000.00 package approved by congress and april 2024. before trumps. and all your ration, the white house openly spoke about its desire to do every thing to guarantee the support of military oper

putin only dared to invade ukraine because our allies in western europe were all dependent on russian energy. we need to recognize the real threats to america and strengthen our national security. growing up in a small town, you learn quickly. the enemy isn't each other. our enemies aren't our neighbors down the street. our enemies are countries that want to see our way of life destroyed. in a country built on neighbors helping neighbors. we become a country of neighbors fighting neighbors. we should all be fighting to unite the country against common enemies like china, russia, iran, north korea and the drug cartels. and we all know joe biden isn't getting the job done and too often is making things worse. gas prices are too high and the biden ministration enacts policies that make us more dependent on foreign oil. that makes no sense. american families are struggling under the weight of record inflation and the response from democrats increase size of the irs to target americans. that makes no sense. an out-of-control border that is ignored by the white house. well, killer drugs lik

this is liquified natural gas as well which, if you look at western europe, western europe has been concernedump administration, we can kick start out those lng exports again to western europe. does that -- you know, on the nat gas front. is that that your thinking? what are you expecting? >> we have seen not only a rally in oil prices this week, also pretty significant rally both in in and and european natural gas price. on the back of colder winters across the atlantic. sometimes winters can still be cold, after all. and also structurally, the european natural gas market is still vulnerable. we have lost about 30% of supply in the european natural gas market with end of russian pipeline flows. and we think that this vulnerability and this sort of lack of competitiveness of europe in terms of producing energy-intense i have goods -- intensive goods is here to stay at least through next winter until all of these extra lng cargoes from arrives both from the u.s. and then down the road later this decade, a lot of cargoes from qatar. so europe is still in a vulnerable spot, and we see a signific

and left to a huge migrant wave into western europe. if israel worth or habits way in lab a non in iran, if it succeeded to in toppling the range and government. and how do you think it's likely to influence decision not only in the region, but also let's say in our hemisphere, because the implications would be larger than the middle east. we're the point of the was the being waged by the people in the city and state is not to the top of the regime and then put in a raise the human rebuild the country. they say that's what what they want to do. but the point seems to be, to cause chaos and the in those countries, they are also causing cares about the cares is reaching their shores as well. i mean, it's definitely me reaching western europe maybe in a couple of years at the real range of the u. k shores as well, but it's already reaching the u. k. shows that, you know, we, we have a, a huge number of the military aids may have my friends coming across the channel illegally. and now we've got a $150000.00 to run the asylum system, the mai

today the bricks, countries combined have large a quantum, me, then western europe combined as that these yeah, the bricks, economy is controlled. 36 percent of the economy. and the brick sort of the western countries control only 27 percent. and that is increase it because many african countries are now saying we want to join. and we want to john brooks and countries such as a nigeria and other event in the art of world. i joining the brits and if the western world is not very careful, then brooks is the next big thing in town. even if it is not. it does not look like it now, but what do headwind the west on? why are these already resisting a they already saying the are going to sanction you. so is there when one of the size is sanctions? the already going to say that we're going to impose tar, if a non target barriers, don't you a goods. they already go saying that we are going to ensure that we deny you access to credit through institutions such as the math on the was on. another thing that they are doing is that many western countries are now acquired an interest in african developmen

for one thing, if you had atomic energy on a commercial basis, it would free western europe.their dependance on middle eastern oil. that's just one illustration of the tremendous importance that thing. and the russians, you say are in this. yeah, they're in it. and, uh, do you consider or so far do you have any reason to doubt their sincerity in going into it or the ulterior motive? well, when they, when the president made the proposal, they didn't like it and they didn't go along with it. and then they began as time by, they began to feel the pressure of world opinion, and they finally joined it. and i think, on the president's open sky plan, know his plan for aerial photography of military installations there against that but i think as we move along they're going to be in favor that finally because they won't dare stand against world opinion. do you have you encountered in your dealings them there anything similar to what seems to have been their policy in other parts of the world of more smiles and a little bit easier deal with. well are plenty of smiles. you know, in the

slovakia has no option but to pivot its sources of supply from western europe.a borne gas that is shipped across countries into slovakia to maintain their security of supply. maintain their security of su -l . ~ :, maintain their security of su..l_ :, , supply. what happens with contracts _ supply. what happens with contracts with _ supply. what happens with contracts with gazprom, i supply. what happens with contracts with gazprom, is| contracts with gazprom, is there a cost attached in breaking those? tt there a cost attached in breaking those?- there a cost attached in breakinuthose? , , :, breaking those? it is gazprom that is the _ breaking those? it is gazprom that is the one _ breaking those? it is gazprom that is the one that _ breaking those? it is gazprom that is the one that has - breaking those? it is gazprom that is the one that has to - that is the one that has to break its contract. it can�*t deliver the gas to slovakia, so it is the one that is at fault as it were. its contract says the gas has to arrive within the gas has to arrive within the sl

thousands of people are still looking for the colors. stormy weather is gathering across the western europe and we're going to see some violent when, when the weather coming into west ameris. as we go on for the next couple of days, you can see this really quite nice. the area of low pressure, quite tightly packed, i suppose on that system. and that will sweep its way into port to go west and pauses by large winds. and the big waves coming into many areas as we go on through the course of a wedding, stifle the north, they'll be somewhat to whether to coming into a good positive front up towards the low countries. we have got some showers that just affecting i know them areas obviously and still some way whether i have the tools that are used to sort of, unmet notice some snow i with the turkish mounts and some snow to went to the northeast of here. but the central air is it does stay long, she dry as we go through 1st i went to weather winfry, weather and run into the cobra. that's going to push some state and snow into central parts. so if you have quite a bit of smoke coming into sweet an

has worked tremendously on building up worked tremendously on building up its connections to western europeblem getting alternative gas, the problem for slovakia is that they're going to lose roughly 5 million euros in transit fees and those is why it's like he has threatened to stop the power supply to ukraine but this is probably a bluff because under the eu energy competition rules, this will be a severe breach of the law and probably slovakia would face significant consequences from the european commission. i do not think this will actually happen but the last ditch effort by slovakia to pressure ukraine into some kind of a deal. let's not forget the slovakian government is a pro—russian and by the most pro—russian and by the most pro—russian countries. pro-russian and by the most pro-russian countries.- pro-russian countries. more instability — pro-russian countries. more instability at _ pro-russian countries. more instability at the _ pro-russian countries. more instability at the beginning l pro-russian countries. more| instability at the beginning of the year. thank you wendy for c

it started with the disaster withdrawal from afghanistan, continued with writing keeping western europent on russian energy, which enabled and paid for vladimir putin's invasion of ukraine. biden's energy policies helped china and hurt the u.s.. in september under a 5% hostage exchange, joe biden funneled $6 billion to iran, the world's largest state sponsor of terrorism. the end result, a horrific attack on israel and more hostagetaking. that is what happens when you put a $1 billion price tag on american heads. joe biden's policies empower dictators and terrorists through the world and the world is less safe for americans and drives inflation at home. from day one, i focus on three interconnected issues that focus on everything a one of you, the economy, energy, and national security. we unlock the best of america. that is our mission and that is why we are running. i grew up in north dakota with 300 people. woke was something we did at 5:00 a.m. to start the day. i held about every job you can imagine working on the farm, the grain elevator, started a construction company in high sch

and pups is us sanctions for the, for the next 6 months of the, of the western countries could, europe in countries could lift that best sanctions to it's worth remembering that the us sanction some of them are work called secondary sanctions. that they don't just sanctions on the full, the regime, which is still in place on the country of syria that on any of the country that does trade with syria. so they all pretty far reaching out to james bass importing life from damascus. thank you very much. james, marco, which is, you know, is a global strategy advisor. he joins us from new york. marco is good to have you with us. we, we discussed the role of the western countries in serious future with our diplomatic editor, outside of western countries, outside of western europe. in the us, what are the countries, especially in the middle east, that will matter most to serious future a. let's say obviously a turkey which shares the $900.00 over 900 kilometers border which syria, they can be the big names. so it appears to be the biggest winner of the current situation, but everything depends

and i think that as long as we continue to keep western europe united as it relates to ukraine that there's a chance that the ukrainians can prevail because the cost to russia is incredibly high, over 600,000 dead or wounded, the koreans they brought in our having high mortality rates as well -- in are having high mortality rates as well, and i made it clear that i provided every bit of funding with the authority i have as president to be able to do that now and i know that there are a significant number of democrats and republicans who think we should continue to support ukraine. it's my hope and expectation they will speak up and not agree with the president if trump decides to cut off funding for ukraine. >> does the president-elect's position on the conflict influence your -- [indiscernible] pres. biden: the truth of the matter is, no, but if it hadn't, if those other conditions did not exist, it would have had an impact. i had already decided that -- putin is in tough shape right now and i think it's really important that he not have any breathing room to continue to do the god-awful t

and then what does joe biden immediately gets in, approves, approves it and then also in western europe is totally dependent on them and he shuts down our lng export capacity which would then supply it to our allies. so literally it's like it's so simple. president trump will sell american clean energy to our friends and allies. joe biden wants our allies to buy it from our enemies. that's the opposite between the two of them. and when we do that, that's how that's how we end up in two wars. we're in a war with russia, proxy war. we're in a war with iran, and we're in a cold war with china. and china is the most dependent nation in the world on energy and and you could walk softly, carry a big stick like theodore roosevelt. you could go over send over some cabinet leaders from biden say, hey, if you guys you guys need food and energy to run your country every day. how about this? we've got food and energy. have you ever heard i've heard them talk about that as a point of leverage. no. they go over there and talk about, oh, you know, could you please start reducing your co2 emissions by

>> there are opportunities across europe and western europe and we find compelling valuations in thatld have never been at the discounts they are against the u.s. markets. so, it's a historically interesting time to invest and when you add the layer of the currencies in europe having sold off so much. so, you are buying these discounted companies at valuations. also, the currency you pay as american investors to acquire the companies is depressed as well. there is an opportunity. we think there are so many companies in europe that are leaders in their sectors from a global perspective that have attractive growth outlooks and attractive margin outlooks as well. we think that is a good place to start in europe. just because it is based in europe, doesn't mean its fortunes are based in europe as well. >> i noticed, however, you are bullish on two particular stocks. explain to us why you are bullish on these names and for transparency, do you own the stock as well? >> we own both companies. look, renew is one of the companies we are a large shareholder. the company is being acquired and t

in great britain, but more broadly, reagan was speaking to the united states, to our allies in western europe and our allies, asia, you know, australia new zealand, taiwan, on japan, south korea. and he is asking them to continue to his soviet policy. he's on a trip to, europe, where he's trying to build support. and his conclusion is that optimism is an order because day by day, democracy is proving itself to be a not at all fragile, all pile up, a fragile flower. his goal was to preserve freedom as as well as peace, and he predicted it may not be easy to see, but i believe we live now at a turning point, a conclusion that almost everyone thought was wrong, but that was totally right. but reagan also spoke to another audience. reagan was speaking indirectly to the soviets because he knew that they were listening. one message he had for the soviets is he's telling them that he recognizes and they in their hearts know that the soviet system simply work. he says, we are witnessing today at great crisis, a crisis where the demands of the economic are conflicting directly with those of the politi

except for western europe, the quotas that existed for individual countries were almost laughably smalls it was this country can have 100 people a year moved to this country, from places like southern europe. laura: the law which favored mostly white europeans, would dominate u.s. immigration policy until the 1960's. >> i think it is not a burden but a privilege to make this really as it was for them a new world. laura: building on a promise by president john f. kennedy, and making it part of the fight for civil-rights, president lyndon b. johnson pushed to repeal the quota system. he supported a bill that proponent said would not discriminate against people based on their country of origin. and they stressed it would prioritize skilled workers and family members of people in the u.s. but would not increase the overall number of migrants. >> those promises were absolutely central to selling the bill. the advocates of the bill understood americans did not want a huge increase in immigration. laura: johnson signed it into law at the base of the statue of liberty, and emphasized it did not

round the drapes that's coming up later with fire us, stay with the the next old building in western europe is more extensive than the last famous one is this massive cloud here, but it's not as bright and time was. it will be felt all the way from skulking down to the south of spain and probably north america had to be told the remains of the front of the system for the last one means or off adult. this will tire for those in germany. a bit of rain for the baltic states and still some snow in something sweet and this time. but this is the wind and rain that is coming in. and the orange census say would suggest. and it's been realized, flood warnings in the northwest of spain, probably northern portugal on the 2nd, the central part of france is that things run slightly and it had to it, it will generate snow for all the alpine regions up to weston, pulse of austria. now they say it was not particularly cold, you'll notice attempt is a double thing. it's for the most part, and it contains enough moisture and that wants to briefly give away day and bring the temperatures up in vienna for exam

for us to thing i can think things like that just go away is blindness, and so western europe whetherit's 25, 75 years and up is going to look very different. that's not an anti-muslim phrase. it's a reality because they don't do integration because a have done western europe are not the melting pot america has been so far, they're going to massive culture clashes as we've already seen here things like the migrant crisis only accelerate the problems we see their as many of you know europe and some which is a preview or could be a preview of america. the second chapter is about france and what we can learn from france that was frankly formerly great republic that decided to give away its status by making very intentional decisions at home and a can learn from that. with massive advantages that our revolution was different than theirs but we still have a lot to learn. the fourth aspect which you could put first in good citizenship is character. whether it's faith or believing something greater than yourself, george washington set in his first inaugural religion and morality are indispen

you said, actually since 1964, russia has supplied europe, initially eastern in europe but then western europes through many pipelines of cheap gas. now there is only one left supplying 5% of europe's needs, that's the turkstream pipeline coming up through the balkans. staying with energy... the average energy bill for households across england, scotland and wales has increased today. bills have risen by an average of 1.2% after the regulator raised its price cap in response to wholesale prices. on average, that's £21 more a year than under the previous cap. the rise is 10% lower than a year ago, and 57% less than during the energy crisis, which was fuelled by russia's invasion of ukraine. but it comes as millions of pensioners are facing a winter with less support, after the government decided to scrap winter fuel payments for those who do not receive pension credit or other benefits. emmanuel asuquo is a financial adviser. he explained what the price cap is. so the price cap was brought in tojust cap how much can be charged for the units when we talk about gas and electricity. and so it is j

the massive invasion of western europe, known as d-day, was covertly planned by the allies for more thans. all communication about troops and troop movements were closely monitored. the d-day preparations was the catalyst for the backlog because mail contained sensitive information, so the mail had to be censored. it sometimes was stopped. colonel edna cummings, a career army officer, came across the story of the 6888 about eight years ago and was taken aback that she'd never heard of them or their mission. the task of sorting the mail. other units had tried and failed, with 7 million service members in europe. the mail backlog totaled nearly 17 million pieces, filling warehouses in england. when the 6888 arrived in 1945, they had to work in blackout conditions because the war wasn't over. so the women heard bombings or artillery conditions. cummings learned of bi talking to surviving 6888 members. they worked eight hour shifts around the clock in dark, damp buildings. some packages had spoiled food, which attracted rats, and mail wasn't always labeled correctly because of the literacy l