following europe's example means living with europe's results. europe's energy policy is a warning, not a model. what is not working in europe will not work here. europe's experience should also teach us the folly of depending on tyrannical regimes for energy. thanks to the shale revolution the u.s. no longer needs to depend on cartels and rogue nations for our energy. it took us decades to achieve that. the presidents assault on american energy production will surrender this vital economic and geopolitical advantage. his unrealistic renewable electric vehicle goals will make us more dependent on our adversaries like china and russia for critical minerals and materials. the president's goals would require massive amounts of copper, cobalt, nickel, lithium the graphite, and other materials. china and russia controlled the supply chains. we need more american production. it is almost impossible to get a permit for a new mine in the u.s. in fact, the administration recently killed two u.s. copper mines. president biden would prefer we import these m

it's war back to europe. so many years after world war 2 and my experience is that in february when it started and even before it started before it started because you, we knew it could come. we have had and we have had since then all the time. a very close called edition between the united states and its european allies, including the european union as such is so important as you said, for us, but also for the other members of the do. and this is a reassuring, in a very dire situation. and it says a lot about the depth of our alliance when we have to face such critical situation at that time, in february, last year, france was the chair of the council of the european union. so we had to great, we had a big responsibility both in terms of uniting the member states of the to 27 member states of the you. but also in this relation with the united states. again, we have nothing to, to be had to you about what happened, what's happening now, considering the suffering, severe cleaning people and which means this wa

all across europe they do what they can help and continue to do so. cultural leaders, including the first lead -- lady of poland who is here tonight have lead with heart and determination showcasing all that is good about the human spirit. madame first lady, we love you. thank you all. [applause] i will never forget last year, visiting with refugees from ukraine who just arrived to warsaw. seeing their faces exhausted and afraid, holding children so close. worried they may never see their fathers, husbands, brothers, sisters again. in the darkest moments of their lives, you the people of poland offer them safety and liked. -- light. you literally embraced them. i watched the looks on their faces. meanwhile, together we make sure , russia is praying -- paying the price for its abuses. continuing to maintain the largest sanction regime ever posed -- imposed on any country in history. we will announce more together. this week without partners. the hold accountable those just possible for this war and seek justice for war crimes and crimes against humanit

i do believe europe needs to consolidate. if you think about the u.s., it is three operators india, two or three operators. china, three you see many countries having consolidated europe with 200 operators. four plus in almost every country. it is an industry structure that is probably unsustainable. that needs to be addressed >> and you mentioned the geopolitics for a long time with questions of huawei. chun the chinese are back at the event. how is china playing in the telecom and also tech? >> i often say why are we interested in this we talk about one global standard we as a mobile ecosystem have done something that is pretty unique we have a true global scale. we have 8.5 billion subscriptions around the world if you think about that, that gives access to almost anyone to communicate wherever you are in the world you can communicate on a cell phone network that is critical for our industry to maintain the value for society is so big and we don't talk about the advanced applications. somebody called their grandchildren fr

it adara that the whole europe was against the soviet union during the 2nd world war. so essentially we have action replay of saudi propaganda. bach with use of, you know, more than television techniques, social media, and relentless, 247 propaganda. and that makes it auth warren, dangerous d. w. consenting again in vilnius. thank you so much. thank you. appleton, he is german support for a ukraine to draw a parallel with nazi germany. i asked italy and political correspondence. simon young at berlin as prepared for this kind of frederick. yeah, i think so. i think vladimir putin has done this again and again, he's got his own version of how the world works. he says that he's in ukraine fighting what he calls ukrainian nazi isn't now here is doubling down with frankly offensive suggestion that the modern federal republic of germany is somehow in league with nazis. but of course, german leaders know very well that it's, it's easy to misrepresent your support, giving now to ukraine as it, as it battles against the invader. as by making these comparisons that putin makes

so part of the american money is also for catching up to europe. then another 6070000000000 will really be about industry. and this is where most of the discussion is euro in europe is a box because the industrial sectors are about traded goods. and this is where the competition can really play a role in europe has also supported industrial innovation quite a bit over the last decade. but it has really focused on the early stage innovation, basically research and development. what the u. s. is doing now is providing direct funding for, for production and for investment. and that is something that we in europe do not have yes. and what we need to address in the future. so that the, our yeah, clear incentives. invest the technologies that are still a bit more expensive. a funny, how do you see consumers benefiting from all this, from the subsidy race and the investments going on around the world in the green energy front. and then ultimately over the long term. as we have seen already with renewable such as maybe or on shore, and also wind. if you in

they need, especially europe because the u. s. has a lot of sanctions against exporting high tech to china, so they need to kind of clawback influence in europe. have a charm offensive make the europeans think that they're on their side and that that's why they're trying to sell the idea of being a mediator. because they need to buy high tech from the high tech that the u. s. won't sell them. in addition to that, they need access to european markets and they want for direct an investment from europeans. and there's also the issue of captured elite we seen in europe. certain industries like perhaps the car industry will benefit by having investments go to china. we saw immediately after the i have concerns. we are saying china has concerns of a c o meeting. chancellor shields got on a plane brought leaders of rush of german industry with them to beijing to make deals. and so i think that there are a lot of moving pieces to all of this. and let's remember russia is a storm by china is really climate changes as one way to put it. yea

for example, now eastern europe, especially in both x, they are in poland, right? we're seeing this move towards the china as an enable russia, which changes the constellation. but on the other hand, we have germany. we have, we have a police front of the comic interest having a very different view on the nation. we live there for the time being, but thank you so much for breaking that down for us elisia who's got from the european council on foreign relations. thank you very much. thank you. ah, the number of countries are supporting ukraine, not just with weapons, but also training for its soldiers. also that least east cambodia, more than 7000 kilometers away from ukrainian battlefields. cambodia is providing valuable de mining training to ukrainian troops. it comes after keyboarding prime, mr. hunton offered the help to ukrainian president vonner demille zalinski in a telephone conversation in november. my advice i see needed tinker is being taught how to carry out a controlling explosion. yet he is part of a team of 15 ukrainian soldiers who are in cambodia fo

but speaking about europe, i can really only repeat best. this is still very difficult. many of a project i thought because of missing it, clear, reliable, practically working regulation. several countries are beginning to introduce winful taxes to prevent oil and gas firms from profiting excessively from the energy crisis. if some of those billions where to be re invested into renewables, it could help fuel the push for climate protection. and a reminder of the top story where following for you this hour on the anniversary of the invasion of ukraine, the united states, and i as a fresh wave of sanctions on russia, as well as a new ride of aid for ukraine worth $2.00. and that's it for me. for more you can always check i d, w dot com slash business. we're on the d w. news, youtube channel, as well from me on the business team here in berlin. 8th, bye bye. take 3 good tired hood but unable to sleep, try hypnosis. sleep researcher and christina newman knows all about what helps promote quality sleep at night. and she explained to us what happens to our bodies when the cons

, the fate of europe. and then my husband never depended upon us politicians and that should not be the regions. now a lot of our shapes and every one of us will to matter each and every one of you are strong or speech and every one of you is canton has tricked impact and influenced our comment. p no result of a common victory. e and the old list here and these applause, memory needs are not directed to me an app to make this, these applause. she is actually for the suppose. i'd like to thank all of you in europe, in hundreds or towns and villages who supported ukraine. history in this historic battle. thank you. thank you for javan. but i would like to thank you all to all of you who's been helping out people. our no ordinary citizens out resettled. people here who called on their leaders to increase and hat says, support to our ordinary people. those who were on the square, who were raising questions, who was spreading truth about the russian aggression who was not tempted by it to consume russian, the r

what do you want him to say about europe and europe's energy? anna: i hope he repeats the sentence about sanctions and the independence from russia on fossil fuels and for polish, it's very important to have strong corporations. it would matter to us to have at least one sentence about strong polish-american nuclear alliance. >> biden visited american troops stationed in poland. one thing the polish government wants is to make sure poland is secure so that there is foreign investment still in this economy and it can thrive especially as it is supporting ukraine. do you see that in actuality? do you see foreign direct investment into poland? anna: yet we can observe it, but we can also see what it means who have business and military presence in poland. as we observe the situation ukraine, we can't imagine that the war will end without american presence. this what that means for us in poland. >> giving the business ties are stronger over the past 12 months? anna: yes, but it's also because of the corporations. every spiritual aspect of corporatio

than in europe. that's why i'm here. it's interesting, you say that because i, i also love lebanon. i used to go there when i was reporting on the war in syria, and it was such a respite. and one thing that stuck with me is you describing lebanon as a place where you found a freedom of mind that this is a very interesting type of freed them. what do you mean by that? while it's not the freedom that is stipulated in across a to shana paper, it's not the oldest freedom commitments that we're here all the time. i in such a european union. no, it's a freedom that is lived in the sands of live and let live, you know, people live next to each other. they don't live with each other. this is also effect on lebanon, was, is 18 different ethnic groups. every traveler station that we have seen throughout the many chapters of protracted war. ah, but there's consensus, does the minus consanzo isn't as what europe is missing, where we only see black and white now in lebanon. you have grey. this is an very interest

they need, especially europe because the u. s. has a lot of sanctions against exporting high tech to china, so they need to kind of clawback influence in europe. have a charm offensive make the europeans think that they're on their side and that that's why they're trying to sell the idea of being a mediator. because they need to buy high tech from the high tech that the u. s. won't sell them. in addition to that, they need access to european markets and they want for direct an investment from europeans. and there's also the issue of captured elite we see in europe. certain industries like perhaps the car industry will benefit by having investments go to china. we saw immediately after the i have concerns. we are saying china has concerns at a c o meeting. chancellor shields got on a plane brought leaders of rush of german industry with them to beijing to make deals. and so i think that there are a lot of moving pieces to all of this. and let's remember russia is a storm by china is really climate changes as one way to put it. yeah

it's war back to europe. so many years after world war 2 and my experience is that in february when it started and even before it started before it started because you, we knew it could come. we have had and we have had since then all the time. a very close called edition between the united states and its european allies, including the european union as such is so important as you said, for us, but also for the other members fits of the do. and this is a reassuring, in a very dire situation. and it says a lot about the depth of our alliance when we have to face such critical situation at that time, in february, last year, france was the chair of the council of the european union. so we had to great, we had a big responsibility both in terms of uniting the member states of the to 27 member states of the you. but also in this relation with the united states. again, we have nothing to, to be had to you about what happened, what's happening now considering the sufferings of training people and which means this wa

support for europe, the continuing support for europe? kailey: that is what we are waiting for, the polish president just finished making his remarks in warsaw. we are watching and looking at a live shot of the stage were president biden is expected to speak at any moment. but as you say, this follows just yesterday his secretive surprise visit to kyiv. he will try to express support for the u.s. for ukraine. this week will mark one year since russia invaded the country. let's get more insight on this as we await the president. joining us is the program manager for the german marshall fund in warsaw. to what extent is the president's remarks today colored by the visit he may just yesterday, visiting kyiv, visiting a war zone? marta: i think it is colored to some extent because most especially it gives him great credibility. because somebody who crosses into a war zone, especially one where american troops are not stationed, just shows his personal courage for good i know this from personal experience, having been in ukraine myself, how th

there was a problem with the europe. i say is that it has very weak leadership at the moment what you would need somebody in the west who could just take the situation by the scruff of the neck, so to speak, and to bring it to an end. you know, you need somebody was just going to say this policy is not. we have to bring this to an end. it makes no sense. it's not advancing. our interest is just leading to disaster. but there's no one around, you know, we have, you know, sergeant schultz and the german johnson who's constantly just the saying, no, i don't want to do that and then you know, 10 minutes late to get your mind. so now we're not, we're not sending any fight the jets. we are drawing the line, you know, like the jack. so that, you know, yeah, like the, just going to be going all the way. macros says, well, we must impose a piece on, on russia. that's humiliate, but in the meantime, i'm going to go on sending by the jets or whatever. and apparently, apparently george, one of the reasons why i'm still in contact wi

so part of the american money is also for catching up to europe. then another 6070000000000 will really be about industry. and this is where most of the discussion is euro in europe as a box, because the industrial sectors are about traded goods. and this is where the competition can really play a role in europe has also supported industrial innovation quite a bit over the last decade. but it has really focused on the early stage innovation, basically research and development. what the u. s. is doing now is providing direct funding for, for production and for investment. and that is something that we in europe do not have yes. and what we need to address in the future. so that the, our yeah, clear incentives. invest the technologies that are still more expensive. a funny, how do you see consumers benefiting from all this, from the subsidy race and the investments going on around the world in the green energy front ultimately over the long term. as we have seen already with renewable such as maybe or on shore. and i feel wind. if you increase the sc

which is fashion a rational for the mission to make sure that europe in western europe keeps on. funneling supporting nato and keeps on falling arms into, into what is clearly a proxy war against russia and an exclusive interview going on the ground renown to report a seymour hersh breaks down the us sabotage of the node stream pipelines which we've been exposed in a bombshell report they've been denied by washington. oh, so this out. this is a greater made by the american made. hi marcy, rocky. they landed right in the yard of this musical college right in the center of the city of doing that. as most civilians are killed in the ukrainian shelling of russians don't yet republic, we report from the scene of one of the latest fading fans a clear message to washington call and get the world's largest to war monger and china as they see you. why should we consider a policy of the army, ukraine warning that the weapons could end that on the black market? and as the us led invasion all the balconies, the grim 20th anniversary, we investigate the legacy of the hawkish, neo con agenda that ultima

and europe. so i do expect cameron harris, as we've heard from other leaders, as well, to focus on how that relationship could impact other regions of the world as well. you mentioned sort of differing views there. what exactly do you mean? well, look at india, for example, that has different view when it comes to the war in ukraine. look at china, for example. look at countries in latin america acts. gentleman poor, one of the moderators. there mentioned the case of brazil, which has also mentioned a rather different view. so when it comes to working hand in hand, when it comes to this values based order, some of the leaders have actually spoken about wore on values here being caused by, by russia. this means that you need to have countries on board that are very important that are very significant in their own regions and have to be on board in order to come to decisions that can ultimately impact the outcome of that well and beyond. because it's not only about the conflict in ukraine, it's als

probably the largest deposits from metals and rare earth in europe. these are building blocks that are important for the green transition of industry, also via hilt orvin jo of either get on the shifter. currently, china is dominating the market for rare earth. europe does not want to be reliant on china any more, and has been ramping up its search for domestic resources. titanium you dinner folly. but in motive, it's dangerous that china has a quasi monopoly on the production of some raw materials. and it has used these to monopolize entire supply chains, shita. but if norway wants to mind more raw materials at home, this will lead to conflicts with locals. for years, residents of no stall had been fighting a major mining project on fed a fjord dog dying group projector. we oppose this project because they want to cut off the top of angular mountain and plan to dump 250000000 tons of mining, sludge, chemicals, heavy metals and micro plastics, straight into one of the regions most fish, rich fjords. if you would have nordic mining has now received app

so can't quite take the place of europe. it seems no, i do not see, kit channa is prepared to replace europe as of the market and nice for us and natural gas. there is only one pipeline that connects to russia and china. it is called the power of siberia. it is going to reach its name plate capacity in 2025, only it when it will be at 38000000 cubic meters a year. and the of these has not to replace in the europe, whereas there was a sale in about 155000000000 cubic meters a year before the war. and the chinese not prepared to give permission for another. a major project over arrest as gasper on power of siberia to ah, well, the russia insists of that are, there will be by a blind across montoya into china, but china will apparently does not need it. it can satisfy it's guess a demand to with a guess from other sources and i even e for the permission is given. it will take about 12 to 15 years to build such it by applying so it's not going to replace europe so well entering verifications and restrictions. we have seen alread

be more sticky than europe. obviously when we think about investments, there are other things we need to consider. the u.s. is trading at a much more higher multiple so it is an expensive market. the makeup of the s&p 500, you still have exposure to growth. as interest rates go higher, yields go higher, that is negative for growth. the u.s. is a less attractive market. u.k. and australia. guy: there is a paper that has been written by leading academic that has just been presented and they need to get 6.5%. if the fed gets to 6.5%, where is the ecb going? themis: i'm trying to think what would be the link between the two. you have to remember because if the fed goes to 6.5%, the u.s. goes into recession. does the u.s. want to do more or less? you might end up with the ecb doing less, not more because there would be a knock on effect in europe. the u.s. is the biggest trading partner for europe. guy: fair enough. kailey: themis themistocleous, thank you for joining us. he is ubs wealth management cio of emea. i wa

she then went on to exlain to europe. she then went on to exoiain that — to europe. she then went on to explain that iran _ to europe. she then went on to explain that iran supported - explain that iran supported russia joining the war in ukraine and that is another reason why that designation is important to her. the iranians governments are also of note to the ukrainian government as well with security ministers developing —— delivering a statement in parliament. the developing -- delivering a statement in parliament. the uk has also implemented _ statement in parliament. the uk has also implemented new - has also implemented new sanctions on the iranians regime and revolutionary guards. the security minister tom tugendhat delivered a statement in parliament and explained why the persian language broadcaster had to temporarily close its office in london. that is something we have covered on the bbc this week. the reason is because of threats from the regime on the journalists of the broadcaster, something that mr tugendhat called an outrageous violation and is

this combination reflects our europe, in modern europe, what europe, in modern europe, what europe is to the world. the european way of life. the european life standard, when each and everyone, when states strives to be as safe and societies strive to be open. when diversity is valued in the values of different people are united by fair equality. when borders are not violated, but you do not feel that you cross borders. when people trust and have faith in tomorrow, and are ready to go to squares to fight for their tomorrow, protesters in the present, there is only one way forward and that is honest elections. this is our way of life. and for ukraine, it is a way home. applause. away towards home. now, iam here in now, i am here in order to defend our people's way home. of all ukrainians, of all ages and various political convictions, various social status, various religious convictions and different histories, but all of us enjoy this common european history. the ukrainian european history. the ukrainian european way of life, they tried to annihilate it through total war. while? becau

, we have to have security in europe. it's that basic, that simple, that consequential. and so, it's the single-most consequential alliance, and i would argue maybe the most consequential alliance in history, that - not just modern history, but in history. and - and so, i made it clear that the comments of the united states and our allies as partner - the commitment is real and that, a year later, i would argue nato is stronger than it's ever been. i - as i told president zelenskyy when we spoke in kyiv yesterday, i can proudly say that our support for ukraine remains unwavering. and as i told my russian counterpart not - well, it was a while now - i said, "you're seeking the - the finlandization of nato. you're going to get the natoization of finland." and it turns out i didn't know sweden was coming along as well. but all kidding aside, i think we're in - if we keep our head and we are focused, i think we're in a better position than we've ever been. and i want to thank you, president, for how poland is supporting ukrai

welcome to "bloomberg markets: europe",

following up with europe we saw better-than-expected services pmi, out of europe. what do we get from the u.s.. the global manufacturing services pmi for february coming out after we saw the biggest rising euro area activity in nine months. >> the focus on europe in a big way the last 24 hours. an unscheduled visit by the president of the united states to kyiv at the under center of the war breaking out in europe. just looking at live pictures coming through from the presidential palace. awaiting the arrival of the u.s. president joseph biden. that set to take place in a moment now. >> this is hugely symbolic and i might also point out this goes back 3040 years. we go back to that era. it's not a small matter here. the polish population in america to use a scientific word is truly enormous. there is a domestic residence here for any democratic and republican party members with the international ramifications. jonathan: for this morning, this is already about 15, 16 minutes later. we did have a scheduled bilateral meeting at 7:30 eastern time. about 24 minutes from

but speaking about europe, i can really only repeat best that it's still very difficult. many often projects thought because of missing is leah reliable, practically working regulation. several countries are beginning to introduce winful taxes to prevent oil and gas firms from profiting excessively from the energy crisis. if some of those billions where to be we invested into renewables, it could help fuel the push for climate protection. and a reminder of the top story, we're following for you this hour on the anniversary of the invasion of ukraine, the united states, as a fresh wave of sanctions on russia, as well as a new rent of 8 breed crane, worth $2000000000.00. and that's it. from me for more you can always check i d, w dot com slash business. we're on the d w news, youtube channel, as well from me and the business team here in berlin. 8th, bye bye. take 3. making the headlines and what's behind them? dw news africa, the show that faculty issues in the continent life is slowly getting back to normal you way on the street to give you enough reports on the inside. o

types infrastructure across europe to provide itself multiple options. and of course, that really relies on unity with the exception of hungry. the e. u has been relatively united in its efforts to reduce russian energy imports. but there are questions about whether that result will hold. what is your take on not like i'm optimistic because it after 99 rounds of sanctions that have passed, it is unbelievable to see 27 nations coming together and agreeing on this. even if there had to be some concessions. me or countries like 100 in the end of the day, that is an incredible success story. and right now they're working on the 10th wave of sanctions. and of course we're waiting to see what the final rollout will look like. but as of right now, there is still tremendously some strong support for your brain. 5 and this support is not just for ukraine, it is for europe, independence for energy sovereignty, because strong independent ukraine is also a strong and economically robust europe because it opens up more economic opportunities. it decreases risks and a

among nato ed in europe, a more present in africa. look up african to look at africa is crucial for the future. to leave africa in chinese bend is a big mistake for everybody here. africa chose china as its largest trading partner in foreign direct investor. why is europe trying to drag africa into its fat with china as well? they sound upset that the girl thereafter doesn't want to eat at their table in the school cafeteria. maybe she just likes to hang with different groups of people. okay. and what about american bases in 5 african countries? does the italian. ringback foreign minister, mind the uncle sam's hands are all over africa, or is that no problem? because that's his body. how many times have we heard the west concern trolling africa as in lookout? don't let china just because it's a deck. trop. turns out that africa owes 3 times more debt to western private lenders than it does to china. that's according to world bank data. and someone else was back on the scene evoking his neo colonialist fantasies regarding africa. again

and that is something that we in europe do not have yes. and what we need to address in the future, so that there are clear incentives, invest the light technologies that are still more expensive. a funny, how do you see consumers benefiting from all this, from the subsidy race and the investments going on around the world in the green energy front. and then ultimately over the long term. as we have seen already with renewable such as busy or on shore. and offshore wind, if you increase the scale of production in a certain technology, in a certain product, them costs down to come down. it's not as a rule that will always have one, but in most cases, if you can increase the skill then since will become more affordable. and that is a good thing for consumers around the world. milan really interesting to talk to you about the subject, milan elk, about from the center for european policy studies in brussels. thank you. and iraq has re valued its currency as part of an effort to stabilize the foreign exchange market. the cabinet has approved a d

. >> the countdown is on in europe. this is bloomberg markets, european close with guy johnson and alix steel. dani: some serious whiplash and markets right now. 10 minutes ago i said european equities were changing. up 2/10 of 1%. telecoms and consumer goods beating gains. able to put in some strengthening versus the dollar. your cable rate so far today. we had a hot jobs wage growth number coming into the u.k. surpassing expectations the hyacinths data started to be collected in 2001 setting aside the covid era weirdness of that data. that has increased rate height expectations from the boe. the peak about 10 basis points higher. could see your reaction in the two year yield. of course it's not just the u.k. story this is moving off of. it's also off of sympathy in the u.s. market right now. alix: a pretty chunky move for the front end of the two-year. it raises the question what's priced in. i've no idea what to make of market action. you know the equity market has been with flashed all over the place. we were down b

these places in europe or smashing all the records, stepped into a bold adventure. it's the treasure map for modern globetrotters and discover some of you up to record breaking sites on your back. youtube and now also in book form with every time i come back a waiver lotions and also we will.

it's war back to europe. so many years after world war 2 and my experience is that in february when it started and even before it started before it started because you knew it could come. we have had and we have had since then all the time, a very close called edition between the united states and its european allies, including the european union as such is so important as you said, for us, but also for the other members of the do. and this is a reassuring, in a very dire situation. and it says a lot about the depth of our alliance when we have to face such critical situation. at that time, in february, last year, france was the chair of the council of the european union. so we had to great, we had a big responsibility both in terms of uniting the member states of the to 27 member states of the you. but also in this relation with the united states. again, we have nothing to, to be had to you about what happened, what's happening now, considering the suffering, severe cleaning people and which means this war a

currently, china is dominating the market for rare earth. europe does not want to be reliant on china anymore, and has been ramping up its search for domestic resources. titanium here, dinner finally, but more that it's dangerous that china has a quasi monopoly on the production of some raw materials. and it has used these to monopolize entire supply chains issues. but if norway wants to mind more raw materials at home, this will lead to conflicts with locals. for years, residents of no stall have been fighting a major mining project on fed, a fjord dog. all those that don group project that we oppose this project because they want to cut off the top of anger ben, mountain and plan to dump 250000000 tons of mining, sludge, chemicals, heavy metals and micro plastics. straight into one of the regions most fish, rich fjords cost. if you would have nordic mining has now received approval to start mining the raw materials on the fjord in 2024 or your whole fiddle. i hope that politicians and others understand that we both in norway and in the nordic countries, you must help provide importa

many of them were before in europe. this is why i was happy, like i was saying in march that let's give candidate status for ukraine, which several countries set definitely not over. might that, but hopefully it happens thereafter quite soon, because in june 2022 we have accepted the section. this candidates, how did they start to status? but today we need to have a very accelerated path. mitch mcconnell, what about ukraine joining nato? should that be an accelerated past job one is you went to warm and let's go back to the point. you know, this has implications far beyond the current conflict. huge implications in asia. we all know the p r c covets taiwan. so just for a moment, let's take a look at asia our secretary defenses. recently in the philippines, negotiating new arrangements with them. the japanese, much like the germans, have completely changed their post forward to view of the role that they ought to play in the world. in a positive direction, almost like an unofficial member of nato out out in asia. so the

probably the largest deposits from metals and rare earth in europe. these are building blocks that are important for the green transition of industry or soviet yield of any of the get on the shifter. currently, china is dominating the market for rare earth. europe does not want to be reliant on china anymore and has been ramping up its search for domestic resources. titanium, you dinner, farley, with a motive. it's dangerous that china has a quasi monopoly on the production of some raw materials. and it has used these to monopolize entire supply chains issues. but if norway wants to mind more raw materials at home, this will lead to conflicts with locals. for years, residents of now stall have been fighting a major mining project on fed a fjord all the time to do project that we oppose this project because they want to cut off the top of angular mountain and plan to dump 250000000 tons of mining, sludge, chemicals, heavy metals and micro plastics, straight into one of the regions most fish, rich fjords. if you would have nordic mining has now received

the faith in europe is needed to take the view of faith in a free, peaceful and united europe, europe, with a strength of our institutions with national instead to which in, while russia has marked any year since the end of a battle that turned the tide in the 2nd world war on this day and 943, the remnants of the germans, 6th army surrendered, and the ruins of the city of stalingrad. from that moment on nazi forces were in near constant retreat all the way to berlin. russian president vladimir putin commemorated the soviet victory in a special ceremony and vulgar grant. that's how the city is known to day. he attempted to draw parallels between hitler's invasion of the soviet union in 1941 and his war of aggression in ukraine on the present day. he tried to claim that history was repeating itself. no, dear dr. european countries including germany. having drawn into a new war with russia, did your lawyer is ugly? some people are even irresponsibly declaring that the outcome is certain. and i shoot the betting that they will defeat russia on the battlefield. her mother, i see you by be

we will discuss the outlook for europe's space sector next. this is bloomberg. ♪ francine: welcome back to the open. 50 minutes into european trading day. the moment, markets are pushing higher after wall street's worst week, traders coming to terms with central-bank policies. the european stoxx 600 gaining someone percent. global giants of the telecom industry gathered in barcelona for the mobile world conference.tom mackenzie is in barcelona for us with an important conversation. tom: i know francine lacqua has an obsession with elon musk. elon musk takes us to spacex, spacex takes us to starlink, and the european response. that takes me to the head of telecom at the european space agency. savvier, thank you for joining us, the eu is expecting to give us more details on their plans for a sovereign satellite constellation, iris 2, what is the importance of having a sovereign satellite constellation? xavier: thank you. it is very important. as we are moving towards a digital society, having more activity everywhere is paramount. it is not ju

some of the world's wealthiest nations are our allies in europe. right now we are the ones, not the europeans, who are doing the heavy lifting in europe. in fact we have sent more rep weapons to ukraine than all to ukraine to know if your pet is combined. all of europe combined and those choices are weakening us in the key plays, the pacific where we require strength. the uni-party's lawyer is not sustainable and it's a path to failure. this is why china is now positioned to strike with overwhelming force to seize taiwan. invading taiwan has been xi's goal goal for years once controlled the pacific and two. receive global donisi to turn to cement his place in chinese history. before the chinese communist party congress in beijing xi said the historical wills of reification and national rejuvenation are rolling forward at a complete reunification must be achieved. he is saying plainly what it is he wants to do. we haven't taken it seriously enough. after so many failures if we do not stop china nothing else we do against china anywhere else will mat

the inflation in europe is going down . the industrial production is stable. economic growth in the european union has not gone down, but even slightly up in the last quarter. in 2021. it was higher than growth in china or the united states. the number of people employed in germany and they are european union, has reached a record high. and when it comes to making our supply chains and sales markets more diverse, we are advancing. philip. it was only last week that i traveled to south america with an economic delegation and the inside of this trip, our new company partnership, new members to the climate club that we have instigated. and at the same time, the clear signal that a free trade agreement with microshore now has to become reality intense ladies and gentlemen, the united states did with their inflation reduction view act that have triggered a discussion about the economic location for climate technologies. it is true that we will see the consequences in europe, but i think we should not be too negative when it come

exactly how much cash norway has been breaking in since the russian gas was cut off from europe, or europe was cut off from russia gas now its revenues last year and were estimated to be a about a 100 $9000000.00. so a job from $27000000000.20. and the polish prime minister has accused norway of war profiteering over that windfall. and the u. s. has expanded its military presence in norway over the last while, and it had a listening radar into russia based in norway and get this norway, it's parliament even voted last november to give the us legal system jurisdiction in some parts of norway over or whatever us soldiers might get up to in the way of crimes when they're off base with in norway. so norway allegedly also ran interference according to her. she's report for washington with neighboring sweden and denmark. and they did that. so these countries wouldn't get suspicious if they saw divers in the area place, he'd be explosive. and apparently they, norway was not supposed to tell sweden and denmark exactly what the divers were doing there. just if they happen to see divers not to be co

what is happening will shape the future of europe for decades. we cannot pretend that this is a normal conflict, as many of them were before in europe. this is why i was first saying in march, let's give candidate status for ukraine which several countries said definitely not, over my dead body, but hopefully it happens quite soon because in june 2022, we accepted candidate status. today, we need to have a very accelerated path. >> mitch mcconnell, what about ukraine joining nato? should that be an accelerated path now? >> the job is to win the war. us go back to the path you made. this has implications far beyond the process. huge implications in asia. we all know that the prc covets taiwan. just for a moment, let's take a look at asia. our secretary of defense was recently in the philippines, negotiating new arrangements with them. japanese, much like the germans, have completely changed their post-world war ii view of the role they ought to play in the world, in a positive direction. almost like an unofficial member of nato in asia. the stakes

this is the, this is against europe in general. this is the major infrastructure providing you know what upwards to 20 to 40 percent of the natural gas to, to europe. it's this is the terrorists that the state sponsored terrorist attack. and unfortunately, it definitely appears that the u. s. has got very heavy hand in it somewhere. meanwhile, us present, joe biden has insisted that the last 3 and identified as shut down north american as space will probably civilian balloons. not related to china's espionage program. nothing right now suggests they were related to chinese fire balloon program, or that they were surveillance vehicles from other any other countries. you tell us communities current assessment? is that these 3 objects for most likely balloons tied to private companies, recreation or research institutions studying whether or conducting other scientific research. after the initial incident happened early this month, the supposed chinese supply balloon story made headlines. in american media, there was a lot of rhetoric

busy life blood and europe's economic engine. so before even the conflict in ukraine popped off, that was an issue. and jeffrey sachs, a prominent american economist now a professor at colombian iep columbia university. sax is, again speaking out, calling hirsch's account of the nordstrom explosions, pretty much a no brainer. frankly, it's been obvious from the start. this was not an easy operation to carry out of the kind of operation that day, the cia and other a covert parts of the u. s. government do carry out rather routinely by the way, yet they blow up lots of infrastructure over time. i try to keep it to him, but it was hard to keep this one hidden because the united states was basically the only country with the motive. that means and rather remarkably having announced beforehand that the intention was to end nord stream. yeah. and also go figure that the 2 nations accused of the nord stream, sabotaged in hurst, his report, the u. s. and norway also just happened to be the 2 countries that have now replaced russian gas s

and a lot of countries in eastern europe, central europe in particular, identify with this because they see the russian aggression in light of their own history and they remember that they were once displaced. brent: nimby ask about the more than 2 million ukrainians who have fled into russia. we know how they are coping with being inside russia? we assumed most of them can speak russian. does that may be make things easier for them? what does it do to their ukrainian identity, fleeing russian aggression by going into russia ? guest:that is a very complicated picture. and while we know and can research a lot about ukrainians who have gone west, we actually don't know nearly enough about those who have arrived in russia. i don't even know if the number is right. we don't know how many have been forced. we know that in many cases of people being told, for example in mariupol late last year when maria paul fell, that they could take a bus to ukraine, the territory controlled by the ukrainian government, but effectively they were brought to russia. we know of children -- again, different nu

announcer: the countdown is on in europe. this is bloomberg markets european close with guy johnson and alix steel. >> let's check in on these markets, european markets, sentiments has changed, arguably but good data is good news. narrative is starting to rebel to the markets. european equities lower at the start of the session with a half turn on evidence around the services sector, the strength there, and the blot jobs number, how long will this be maintained. as we weigh out the prospects of a more intensely aggressive tackle to the strength of the jobs market. the euro-dollar down .5%. yields higher across the u.s. treasury curve. a couple individual stocks to bring to your attention, sanofi on the back -- down on the back of week expectations in terms of demand for the vaccines be that is putting pressure along that stock. a top line on the story is the exposure to the sprawling are donnie come glom or it. it is invariable to engaged in a standup think controversy with a shortselling group, total energy has a $3.1 billio

the jewel of europe shows told us that would be no peace in russia, but no apiece in europe without russia forced to send had mas, now you're certain tanks to kill russians, that they, numerous and poor credit is being violently detained on the seas. and in the homes we sent on the front lines, keys forces, but the use of suffered massive losses in reason of fighting in dom bus. we heard from international and certainly claim, preston says the quinn conference is big business for many western officials. and that's what making them want to prolong the conflict as much as possible. you know, i've heard tale of conscription now of 15 and 16 year old boys people were drafted in the service it go to the market to buy food and you know, people reinforce in the service and it's reminiscent, frankly, of the last days of germany in 1945, when that, that country was failing and losing the war. the western countries have ignored common sense and prudent thought in the support they've given to ukraine to this date. and i don't see this change in now because of, you know, the, the current construct, co