troubled by what we see and hear right so i think of the issue with europe is europe still has this concept of itself you know these nation states these ethnicities i'm french i'm german we're white french were white german without understanding that the concept of europe historically was more around the mediterranean so you have people on the mediterranean now who are no longer considered european but historically and when it culture were so the issue is where do you start looking right and i think european culture right now has been stuck since the age of conquest and exploration. go on. to say what you. bring i just want to add more because how much you're pm and i don't i would like to hear from from from one from europe what do you think about this because i from my ranch perspective point of view when i came here 2015 and then i think all these welcoming narrative and all the narratives that you know i think. happening now in the united states. diplomatic super correct when you refer to my friends and yet you see. much has been advanced. so. ok europe and most people in the tacitly at

is dealing with -- in europe. europe does not have as much fiscal stimulus and they have structural components of their economy that make it more difficult to achieve growth. all of that leads to lower rates for longer than what we are going to see in the u.s., we are here, we are recalibrating to this much better both vaccine and economic growth. jonathan: i know you are thinking about this, also divergence within europe. can you peg me the picture you are expecting to materialize this year? marilyn: we are seeing increased divergence within europe as well and we have improved our overall view on the u.k., we think the likelihood of having negative interest rates from the bank of england are significantly diminished given the rollout of the vaccine, which has been very quick, given the data. it seems like they are at the end stage of this current lockdown and opening up the economy by the end of june. if it happens, it will be positive. we have seen a die down of the uncertainty around brexit. i think in other ar

europe is doing well. participation of women in the labor market has risen in the last does of decades. -- in the last two decades. in all the prime work years a woman is more likely to work in europe than the u.s.. that was not true 20 years ago. europe has made great strides at utilizing more resources women have. at the corporate level, women are contributing more. there is now about a third of board members across europe are women. the disappointing factor is while that has moved up a lot, a huge gain in just a few years, we see very few women at the very top levels. the executive directors, the cio, the cfo level. i still think there is a lot more to go. in terms of how women can contribute to performance, my view is greater diversity is good in itself. i find the companies with the largest portion of women on their board about performed -- have outperformed. guy: is that a reason to invest in europe? if you look at the long-term trajectory, most people are investing for the long term. what impact doe

troubled by what we see and hear right so i think you know the issue with europe is europe still has this concept of itself you know these nation states these ethnicities i'm french i'm german we're white french for a white german without understanding that the concept of europe historically was more around the mediterranean so you have people on the mediterranean now who are no longer considered european but historically and when it culture were so the issue is where do you start looking right and i think european culture right now has been stuck since the age of conquest and exploration. going. on into this web to face yes. going i just want to add more because how much you're pm and i don't i would like to hear from from from one from europe what do you think about this because i from my ranch perspective point of view when i came here 2015 and then i see all these welcoming narrative and all the narratives that you know i think i have. but he now in the united states. diplomatic super correct when you refer to my friends and yet you see. much has been. so. ok europe or most peopl

-- situation in europe. president xi jinping warns beijing will go after so-called platform companies. the latest on china's tech crackdown live from con tong -- hong kong next. this is bloomberg. ♪ mberg. ♪ annmarie: this is "daybreak: europe." i am annmarie hordern with manus cranny. xi jinping warns beijing will go after so-called platform companies as china's tech crackdown widens. the president is ordering the oversight of internet firms, crackdown on monopolies, and promote fair competition. they allegedly have their sights set on tencent after cracking down on ant group. thank you for joining us. pretty strong language from what we hear on china state media. what is your take on what is coming out of china today from president xi? >> as you mentioned, china kicked off its tech crackdown at the end of last year and it is the first time the top guy gave a d killed comment on the situation. -- detailed comment on the situation. xi jinping mentioning beijing will go after tech companies. they didn't m

and has now caught on in europe. welcome to the 1st tick-tock shared apartment in italy these take soccer's have lived together since october 2020 this stylish milan apartment is their stage and their mission is to produce content for social media 21 year old simona bellini is the oldest read. the father's. house is more than just a home for a tick tock it's a place that helps us develop personal. we all want to do something with our lives and make our dreams come true mine is to become an actor. but i mean to you everyone here has different dreams and ideas we all want to achieve something i'm with you. most of them are already tick-tock stars with over a 1000000 followers every day they polish their on camera performance. martial arts acting classes are on the program together they produce short video clips benefiting from each other's popularity to reach a wider audience. 'd the 500 square meter apartment boasts trendy colors and modern design every element is a real eye catcher put in just the right place. becaus

that is going to happen in europe _ chain. that is going to happen in europe and — chain. that is going to happen in europe and in countries across the boat out _ europe and in countries across the boat out in — europe and in countries across the boat out in countries that can afford — boat out in countries that can afford it _ boat out in countries that can afford it. ~ ., boat out in countries that can afford it. ~ . ., boat out in countries that can afford it. . ., boat out in countries that can afford it. ~ . . , ., . ., ., afford it. we have a short amount of time to ask — afford it. we have a short amount of time to ask everybody _ afford it. we have a short amount of time to ask everybody for _ afford it. we have a short amount of time to ask everybody for a - afford it. we have a short amount of time to ask everybody for a story i time to ask everybody for a story that caught their eye that we might have missed. this that caught their eye that we might have missed-— have missed. this is 20 years since the attack of _ have missed. this is 20 years since the

troubled by what we see and hear right so i think either the issue with europe is europe still has this concept of itself you know these nation states in the cities i'm friends i'm german where white french were white german without understanding that the concept of europe historically was more around the mediterranean so you have people on the mediterranean now who are no longer considered european but historically and when it culture were so the issue is where do you start looking right and i think european culture right now has been stuck since the age of conquest and exploration. go on. to say what you're. doing i just want to add more because how much you're pm and i don't i would like to hear from from from one from europe what do you think about this because i from my ranch perspective point of view when i came here to 15 and then i see all of these welcoming narrative and all the narratives that you know i think you have. but i know in the united states. diplomatic super correct when you refer to my friends and yet you see that not much has been. so. ok europe or most people in

russia is the other europe russia is the europe they don't want to be it's a state which they regard as. reactionary nationalistic religious patry arctic. and so on all the things all of al use that they reject europe the european union wants to be unhistorical post national and so on and that's why russia is like a sort of guilty conscience for the way they have their own internal political purposes they have to. hate russia and say they hate russia and when i say internal political purposes i mean that in the strongest possible sense of the term because just as in the united states of america conservatives and others in. they basically conservatives in europe very often attacked as being russian 5th columnists in other words it serves a very straightforward political purpose which is to insult and discredit people who don't agree with various aspects of western foreign policy so for all those reasons i don't think that there's any prospect at least not in a short or even medium term of any improvement same same question to you. because it's you know this kind of thing but what john

and the worsening picture in europe could have an | picture in europe could have an impact on the uk, the government made clear. i impact on the uk, the government made clear-— impact on the uk, the government made clear. i think what's going on in euroe made clear. i think what's going on in eumpe is — made clear. i think what's going on in eumpe is a _ made clear. i think what's going on in europe is a real— made clear. i think what's going on in europe is a real wake-up - made clear. i think what's going on in europe is a real wake-up call- made clear. i think what's going on in europe is a real wake-up call to | in europe is a real wake—up call to us, and a warning. people that say we could ease restrictions sooner, we could ease restrictions sooner, we need to look at what's happening in the past and rises in europe have led to rises in the uk. i am hopeful it won't happen this time, not least thanks to the vaccine, but we really do have to stick by the rules to prevent this happening. in a do have to stick by the rules to prevent this happening. in a sign of how the fate

other questions being asked in poland and the rest of europe why poland and the rest of europe why poland did not learn what happened in the uk? we saw this new variant with its ferocious infectiousness taking hold in the end of last year, some people might ask why europe did not go into a stricter lockdown earlier? ., .,, , ., , earlier? there are those questions of course. earlier? there are those questions of course- they — earlier? there are those questions of course. they have _ earlier? there are those questions of course. they have been - earlier? there are those questions of course. they have been asked l earlier? there are those questions i of course. they have been asked for many months now but the government says it has been under increased or consistent should i say pressure from industry, from services, to open up and also society. the health minister himself said last night that people have a feeling already that people have a feeling already that covid—i9 has been beaten to a certain extent. they have become accustomed to it so you had these competing forces with the go

and has now caught on in europe. welcome to the 1st tick tocks shared apartment in italy please take soccer's have lived together since october 2020 this stylish milan apartment is their stage and their mission is to produce content for social media 21 year old simona bellini is the oldest resident. says more than just a home for a tick tock it's a place that helps us develop personal. we all want to do something with our lives and make our dreams come true mine is to become an actor. but i mean everyone here has different dreams and ideas we all want to achieve something. most of them are already tick-tock stars with over a 1000000 followers every day they polish their on camera performance. martial arts acting classes are on the program together they produce short video clips benefiting from each other's popularity to reach a wider audience. 'd the 500 square meter apartment boasts trendy colors and modern design every element is a real eye catcher put in just the right place. because being successful on social med

.— arriving from europe. looking at the lan arriving from europe. looking at the [an for arriving from europe. looking at the plan for the — arriving from europe. looking at the plan for the booster _ arriving from europe. looking at the plan for the boosterjab. _ arriving from europe. looking at the plan for the boosterjab. just - arriving from europe. looking at the plan for the boosterjab. just talk i plan for the booster jab. just talk us through that. it plan for the booster 'ab. just talk us through that.— plan for the booster 'ab. just talk us through that. it says it's got in a 'ust war us through that. it says it's got in a just war papers _ us through that. it says it's got in a just war papers which _ us through that. it says it's got in a just war papers which show - us through that. it says it's got in | a just war papers which show read vaccination programme in 2021. it's a matter of months

perceptions of europe. no, i mean, it is very true that we have had a very rigorous debate about the quality of these particular vaccines that we had the very sort of thorough examination of them. i think that's right, because the credibility of this particular approach is extremely important. but now the vaccine roll—out is going on in the different countries, it's accelerating. and i think we're ahead of russia, by the way, if we look at the numbers, but that is not significant. and we hope that there will be further vaccines available as well. in addition to the ones that we have at the moment. i mean, the russian vaccine has not been, they haven't applied for being able to distribute it in europe, but i hope they do that as well — as well as others. i've got to ask you very quickly, carl, before i go to you, john. i mean, really — europe's not had a very good vaccine campaign. they went for this kind of collective procurement, even, you know, technically advanced germany has to date only vaccinate

the invitation of american power into europe. if it is an empire, it is one that is cooperative and collaborative between western states and the united states. it is true, obviously the u.s. settles on a policy that is a sharp departure from the cooperative approach that roosevelt had hoped for. it is true, i think, the u.s. bears responsibility for worsening cold war relations. worsening tensions. and, for making a peaceful resolution of u.s., soviet differences probably if unlikely impossible. but, they did it in collaboration and cooperation with thousands of allies on the european continent, and millions of europeans thought that this was a forward-looking, reasonable solution that they could support, and indeed that they could welcome. these are policy choices that are undertaken with cooperation. europeans are very well aware of what is going on in eastern europe at the same time. they understand there is an alternative form of imperial control that is not just a theoretical idea out there, but a real possibility that he co

it would ratify the post-cold war settlement in europe. given the stormy past of that region, inhabitants produce more history than they can consume locally. everyone should have wish to see success politically. why was this not done? why was every obstacle put in the way of the new market democracies? why were there exports subject to the kind of quotas that have until now and reserved japan? and why is there still no room at the inn? the answer is the european union was too busy contemplating its own naval -- [applause] both the commission and the majority of member governments were committed to an early deepening of the european union, centralizing more power in the supernatural -- supranational institution. they felt admitting new members would complicate this process. while the deepening with ahead, they arrange to keep the central europeans out by negotiation to admit them. in making this decision, the european union put abstract games ahead of practical the subsidies. the fixed exchange rates of the european exchange mechanism have

europe will be within target range. and on present trends a direct threat to american shores is likely to mature if that is the right word early in the next century. ad weapons of mass destruction to rogue states. and you have a highly toxic compound. as a cia has pointed out of the nations that have or are acquiring weapons of mass destruction many are led by megalomaniacs and strong men of proven inhumanity. or by week unstable or illegitimate governments in some instances the potential capabilities at the command of these unpredictable figures. either equal to or even more destructive than the soviet threat to the west in the 1960s it is that serious. indeed it is more serious than that we in the west may have to deal with a number of possible adversaries each with different characteristics in some cases their mentalities differ from ours even more than those of our old cold war enemy. so the potential for misunderstanding is great, and we was therefore be very clear in our own minds about our strategic intentions. a

do you want to avoid domestic europe and buy international europe? john: i don't think so. i think what you're looking for are the same type of trades we are seeing coming through, that cyclical rotation, that value rotation that is accorded by better global growth. i think the situation we saw during the 2010s, where europe had a banking crisis which obviously caused a second recession, we are not seeing the same kind of set up at the moment. so while it may be that the u.s. is in the driving seat for growth at the moment, i wouldn't write off global recovery. when it comes to currencies, yes, the euro has rich end up relative to the dollar. it has obviously weakened a little bit in recent days, but one thing i would look at is it is still well below what we would consider fair valuation, which would be well north of $1.30 to the dollar. in currency today, while at the margin it could be a headwind if the euro does strengthen, by and large, we feel that europe is quite well set up with a currency below what we consider its fair value. alix: what country has the potential t

so you talk about disarray in europe. and i would add to that the fact that countries like hungary and poland and slovakia and the czech republic are now going to get their vaccines from china and/or russia. the austrians and the danes are talking about vaccine partnerships with israel. so much for the solidarity of the eu dealing with this crisis cohesively and together. it'sjust not happening any more. the disarray is getting worse. yes, but the european solidarity is weakening. why is it weakening? because the european union, as such, is unable to manage at the request, the extent, the response to the covid crisis. and so member states are trying to have the vaccine wherever they can get it. of course, covid has created a massive economic challenge for the european union. there is a recovery plan which involves more than 700 billion euros of new debt taken on by the commission to be spread out across the worst—affected areas and to be tied to the forthcoming eu budget. but there are many governments in europe who are

it is variable across europe. - uk. i haven't done this calculation. it is variable across europe. over l it is variable across europe. over ten to i2% in some of the scandinavian countries. parts of europe where the majority of health care workers have been vaccinated so i haven't done those calculations but thinking about how long it took from us from the 9th of december two now, almost heading towards a mid—late march, to get to four in ten, in some countries in europe are really below 8%, it will take some time. �* ~ , ., , , time. but the key really is the vaccination _ time. but the key really is the vaccination programme. - time. but the key really is the vaccination programme. that| time. but the key really is the l vaccination programme. that is time. but the key really is the - vaccination programme. that is what will help unlock europe the way potentially it will help unlock the uk? ., . . ., ., potentially it will help unlock the uk? ., ., ., , uk? the vaccination programme is the key measure — uk? the vaccination programme is the key measure in — uk? the vaccin

russia is the other europe russia is the europe they don't want to be it's a state which they. they regard as. reactionary nationalistic religious patriotic. and so on all of things all of al use that they reject europe the european union wants to be unhistorical post national and so on and that's why russia is like a sort of guilty conscience for the way they have their own internal political purposes they have to. hate russia and say they hate russia and when i say internal political purposes i mean that in the strongest possible sense of the term because just as in the united states of america conservatives and others in. they basically conservatives in europe very often attacked as being russian 5th columnists in other words it serves a very straightforward political purpose which is to insult and discredit people who don't agree with various aspects of western foreign policy so for all those reasons i don't think that there's any prospect at least not in a short or even medium term of any improvement same same question to you. because it's you know this kind of thing but w

it would ratify the post cold war settlement in europe. given the stormy past of that region, inhabitants are said to produce more histories than they can consume locally. everyone should wish to see it settle economically and politically inside a stable european structure. why was this not done? why was every obstacle put in the way of the new market democracies? why were their exports subject to the kind of absurd quotas that have until now been reserved for japan? why is there still no room at the inn? the answer is that the european union was too busy contemplating its own naval. both the commission and the majority -- [ applause ] both the commission and the majority of member governments were committed to an early deepening of the european union. that is, centralizing more power in the european union's super national institutions. they felt that a widening effort, that is admitting new members would complicate, obstruct, or even prevent this process. while the deepening went ahead, they arranged to keep the central europeans out by t

europe is half that level. i expect in germany and france initially we'll see significantly larger fiscal impulses. we saw that on friday, we'll potentially see it with germany and france they need that fiscal, very positive, for economies, vaccine, very positive for economies. and narrowing with these economies reupping at a later stage in the year. ann marie: we'll talk more about what's going on in germany in faw moments, but let's get a recap of other news. hey, lawyer rasm lawyer ramplet a shooting at the colorado supermarket yesterday killed 10 people including a police officer. a suspect has been arrested but no details have been revealed including a potential motive. according to a.p. it's the seventh mass killing in the u. to -- in the u.s. this year. that follows a shooting last week that left eight people dead in the atlanta area. the u.s., u.k. and canada are joining the e.u. in imposing sanctions on china. the actions are over alleged human rights abuses against uighurs. they're largely symbolic an

and europe in europe, i don't think spac's are going to be as technology focused. there is going to be more industrial and other types of sectors. i think it is a robust position in europe right now. anna: is there any sort of lack of seriousness to some of the activity in the spac arena? the way they are named or perhaps some of the people attracted to finance for the first time to put their name to one. ? or is this an exciting democratization and that is the point? >> i think it is all of those things. clearly a spac is a democratic way to invest in a private equity situation. it encourages -- allows private investors to participate in things like ipo's. that is very much a good thing. clearly also, when you see the amount of issuance that is happening, particularly in the u.s., there is the potential for things to go wrong. that is why it is an equity risk and equity return. some of this directional aspects are interesting. you do have the redemption rights to get your money back as an investor in case you do not like the acquisition. if you buy in the aftermar

business sector of importing and exporting to and from europe and the counterparties in europe are seeing the same thing. trading activity largely now doesn't take place. it is a permanent loss. i would like to think in a future time the u.k. will see sense and rejoin the euro zone. lisa: in the meantime, sticking with the idea that we are in a covid era, particularly in the eu, which has been slow to vaccinate, there is a question whether the ecb is bringing an eyedropper to a flood, trying to maneuver a bond market where the eu talks about delays to the vaccine rollout. the eu warning the government about the risk of further astrazeneca vaccine delays. how much does this affect your long-term outlook for the region s growth prospects and how is it changing in real time -- region's growth prospects and how is it changing in real time? ian: the longer you are in the covid hole, the longer term scarring on productivity growth. what matters long-term is productivity growth. the longer the fiscal response is on the smaller side of where it should be, and the monetary response, and i would li

if you west you know israel even more up go do much better than europe and now since . china and russia have offered that vaccine to help europe they say all masooma coal says that this is a sign of war i mean providing help would be war i mean the says so incredibly crazy that it's you know it's terrible if i can come back briefly to the fact that when president putin announced on the 11th of august last year that jones russia had a vaccine for us want to be announced oh many leaders in europe scoffed at it saying you know that scene from russia what else and. only own well and even it made the european medicines agency one of the hits the lead that this must be a russian roulette so it was really trying to take the mick out of the situation in russia supposedly incapable of producing a vaccine then came the study of the lancet saying that the russian vaccine was one of the best comparable to the american and then on the 9th of january so many 4 months later mrs merkel said she had a conversation with president putin and that they had agreed to produce t.v. . russian v

let's say china united states or europe on the other hand europe is the weakest link so there is a temptation for the chinese to say if you want to kind of battle we go for the weakest link not for the strong competitor you the states if you how far do you think europe will be willing to go particularly with that awareness of how dependent it is on china's market well i think germany is very dependent on the chinese market the rest of europe is not as dependent on chinese market china is the largest trading partner now for the e.u. i believe although it's mainly because they export so much from china they're not selling as much to china as they are to united states for example united states is more important export market for europe as a whole so europe is as martin said very reliant on the u.s. in various ways especially for its security i think that the fact that it is kind of come around on china is more a sign that they are accepting the reality as it is and that's why things like the sanctions i would argue are important because it creates moral clarity and i think as recently as decembe

let's say china united states and europe on the other hand europe is the weakest link so there is a temptation for the chinese to say if you want to kind of battle we go for the weakest link not for the strong competitor united states. how far do you think europe will be willing to go particularly with that awareness of how dependent it is on china's market well i think germany is very dependent on the chinese market the rest of europe is not as dependent on chinese market china is the largest trading partner now for the e.u. i believe although it's mainly because they export so much from china they're not selling as much to china as they are to united states for example united states is more important export market for europe as a whole so europe is as martin said very reliant on the u.s. in various ways especially for its security i think that the fact that it is kind of come around on china is more a sign that they're accepting the reality as it is and that's why things like the sanctions i would argue are important because it creates moral clarity and i think as recently as december when t

manus: this is "bloomberg daybreak: europe." i am manus cranny in dubai. let's take a look at cybersecurity now. a group of hackers say they have breached a massive trove of security camera data out of a silicon valley startup, gaining access to live feeds of surveillance cameras inside hospitals, jails, and carmaker tesla, amongst others. joining us now is our reporter for cybersecurity. thank you so much for being with us. how did it happen? more importantly, what do we know about the scale, the size of this hack? >> i think the scale and size of the attack are probably what are the most extraordinary things about it. on monday, a group of hackers was able to access the live feeds, as well as the archives of 150,000 surveillance cameras inside, as you said, hospitals, police departments, prisons, schools, and companies, including tesla. this is probably one of the most extraordinary aspects of this. they were able to access administrative credentials that were publicly available on the internet. they were able to use that user

russia is the other europe. russia is the europe they don't want to be it's a state which they regard as. reactionary nationalistic religious petrea take. and so on all of things all of our use that they reject europe the european union wants to be unhistorical post national and so on and that's why russia is like a sort of guilty conscience for the way they have their own internal political purposes they have to. hate russia and say they hate russia and when i say internal political purposes i mean that in the strongest possible sense of the term because just as in the united states of america conservatives and others in. they basically conservatives in europe very often attacked as being russian 5th columnists in other words it serves a very straightforward political purpose which is to insult and discredit people who don't agree with various aspects of western foreign policy so for all those reasons i don't think that there's any prospect at least not in a short or even medium term of any improvement same sam

it is hard to see how europe can fully recover as long as trades of eastern europe remains at the present low level. i had my ideas pretty well sorted out from the time i went to visit our airmen at the base. europe has recovered say to roughly the 1938 levels, but that is not enough. a europe with greater population and more social justice must have a far higher production level. above all, there must be greater integration. our men on the spot knew this. will you go ahead and ask questions? >> mrs. roosevelt, did you see a definite improvement in these countries you visited receiving martial aid? >> oh, yes, i've taken particular trouble, of course, to see our people everywhere and to actually ask. now, we've done different -- i mean, nations have done different things in different countries. i think eca has done a really outstanding job. i'm not sure that everywhere in '52 they'll be ready to stand on their own feet. >> i've been on a very short trip, but i've been to quite a number of countries, and one impression is outstandingly clear, the interdependence of these nations i personal

europe is well behind. the u.k. is coming out of what was a very strict lockdown in the easing plan that has been laid out by the government is quite cautious. we are looking at the easing of restrictions at the end of mark all the way through june. vaccinations are going quite slow now but we do expect them to accelerate. particularly from april. i cannot stress enough that there's huge uncertainty about supplies which should come through in greater quantities in the coming month but also in terms of the logistical challenges at the national level. we could see significant improvement in all of our european economies with that expected increase in supply. alix: and counterintuitively, the u.s. and europe are doing the two shot vaccinations and the u.k. is spreading them out more. the numbers of fully vaccinated people be higher in the e.u.. does that point to potential positive news for europe? frederico: i think prioritizing first doses has been quite a success story for the u.k.. i'm no medical expert but it seem

we need to strengthen europe's sovereignty. europe mustn't put all its eggs in one basket too says good on. multiple suppliers in different countries sounds like a good idea but when every country is affected like in a global 10 demick even that doesn't help much. so will this crisis change the current system. if you can make something cheaper somewhere else you need to outsource it or even go there so do you think that this pandemic fundamentally alters that calculation part of the reason why things were outsourced why there was this fragmentation of supply chains was to take advantage of cheap labor around the world but in a world where credit to are done by machines automates and done by robots cheap labor is no longer an advantage. robots replacing workers seems like the way. of the future but in most industries low wages are still a competitive advantage. for example when it comes to face masks. during a pandemic everyone needs them but decorative cloth masks like these are no good for doctors and nurses they need high qua

let's make the connection from europe to india. part of the doses that the british government was expecting to get from astrazeneca are actually manufactured with the serum institute in india. tell us a bit about the institute and also what the implications are from the problems that they are experiencing in sourcing some of the elements of that from the united states? well, first of all, the institute is the world world's biggest manufacturer of vaccines, and they have been very much at the forefront of supplies, not only within india but also exporting to other countries by virtue of the indian government's insistence that it does so and, over and above, it has a commitment of 550 million doses to covax, which is run by the world health organization. there is an obligation that appears between the serum institute and astrazeneca, for the institute to supply to astrazeneca as and when required. they are both manufacturing the same oxford vaccine. so, as a result of this, astrazeneca asked for 5 million doses to be sent to the uk,

it takes people, different ethnic groups from europe. remember what i said earlier about how not all white people are white people. there are different groups of white people. you can see that it sort people out by their proclivity for sex crimes. so people from the generic group or baltic regions of europe. basically southern and eastern europeans are more likely to be skirt chasers as opposed to these pure nordic times are all ultra soft control and discipline. they will not do anything nasty. but this is a kind of racial or ethnic stereotyping in nativism.

but india has halted exports and europe is threatening to. stefanie, let's talk about what is happening. they are pretty troubled by what has been happening. they singled out the uk in particular. what is there problem and what of the changes that are likely to follow from this? do you think they are follow —— they will follow through on the threats? yes, well, it's a very interesting question. for now, it has only been threats. interestingly, there are reports in the uk and also back in europe that right now, there are talks going on between the british government and the european commission, who have found an agreement after what has been a very tumultuous week, where the european commission actually made their possibilities to stop exporting vaccines produced in europe to the uk and to other parts of the world even more likely and stronger measures that they can take. so, they said that in the future, the european commission would look at proportionality and how many vaccines the country actually has which is receiving vaccines from eu

and has now caught on in europe. welcome to the 1st tick-tock shared apartment in italy please take soccer's have lived together since october 2020 this stylish milan apartment is their stage and their mission is to produce content for social media 21 year old simona bellini is the oldest resident. says more than just a home for 8 it's a place that helps us develop personal. we all want to do something with our lives and make our dreams come true mine is to become an actor. but i mean everyone here has different dreams and ideas we all want to achieve something. most of them are already tick tock stars with over a 1000000 followers every day they polish their on camera performance. martial arts acting classes are on the program together they produce short video clips benefiting from each other's popularity to reach a wider audience. the 500 square meter apartment boasts trendy colors and modern design every element is a real eye catcher put in just the right place. because being successful on social media means makin

and has now caught on in europe. welcome to the 1st tick tocks shared apartment in italy please take doctors have lived together since october 2020 this stylish milan apartment is their stage and their mission is to produce content for social media 21 year old simona bellini is the oldest president. says more than just a home for a tick tock it's a place that helps us develop personal. we all want to do something with our lives and make our dreams come true mine is to become an actor. but i mean everyone here has different dreams and ideas we all want to achieve something and. most of them are already tick tock stars with over a 1000000 followers every day they polish their on camera performance. martial arts acting classes are on the program together they produce short video clips benefiting from each other's popularity to reach a wider audience. 'd the 500 square meter apartment boasts trendy colors and modern design every element is a real eye catcher put in just the right place. because being successful on social

what kind of pressure do you think europe is under? use the term europ broadly. is there going to be some kind of transatlantic pressure because of the amount of money the u.s. is spending either in a band-aid, propping up the u.s. economy or in the infrastructure investment that the u.s. is doing, will that put pressure on europe? jeffrey: firstly, the eu recovery fund will be spended later this year and next year. we have the $90 billion directed to the periphery countries of europe. that is positive. secondly, the large u.s. infrastructure program is likely to lead to increased import demand from the u.s. for european goods. exporters will benefit. on the infrastructure point, we do expect in the coming months, we will see infrastructure initiatives particular from the u.k. as they look to level out the country in the months ahead. one final area where we expect growth near the head will be on alternative energy where european governments are looking to make significant investments in areas where they are lacking to see competitive advantages. areas like wind

in terms of speed of vaccination roll—out in the uk and europe, europe, is there a real risk that the numbers will spike upwards again?— risk that the numbers will spike upwards again? there's always a risk, upwards again? there's always a risk. there _ upwards again? there's always a risk, there is _ upwards again? there's always a risk, there is a _ upwards again? there's always a risk, there is a risk— upwards again? there's always a risk, there is a risk of _ upwards again? there's always a risk, there is a risk of variance i risk, there is a risk of variance taking hold, there is a risk... i think we have seen a case of a worker in china who is not protected and has got covid for the second time. that could be with a different variant, it could bejust time. that could be with a different variant, it could be just because the immunity had waned, or it could be that although it has a population figure when you get a percentage of protection in the population, at— 90%, it is not every individual. some individuals will remain at risk. it is a matter of keeping the population le

it is and you know in many other parts of europe authorities will be happy to hear that wall doses of the s. was a mecca that scene are now available let's not forget astra zeneca did not manage to deliver all of those is it had promised at the beginning you know last year in the contract between the company and the e.u. there was talk about $300000000.00 doses to be delivered during the 1st 6 months of this year now all s.s.n. across says it's only going to be able to deliver $100000000.00 doses so it's very likely that those and that because those is will be anxiously awaited in other parts of europe yeah this seems to be the paradox the anxiously awaited but then they're not being used in the last let's stick to the actually awaited i mean why is astra zeneca failing its obligations they just reduced or the number of deliveries and again what's wrong. well they haven't managed to produce the numbers that they had promised they they were a lot of lapses lot of glitches you know in the way how the are far to use and astra zeneca communicated. you know given that s was an acoa is a co

any markets, but the europe market. we saw the markets attracting the interest in many investors, particularly u.s. investors when there was no stimulus by the european union and other european banks. it is more from a sentiment perspective that europe can once again move forward as a bloc and having no internal disputes. anna: thank you very much for joining us. bibiana carretero, senior portfolio manager at efg asset management. let's get a bloomberg first word news update. laura: the european union is escalating with the u.k. -- a spat with the u.k. over vaccines. they are ready to start blocking the administration of astrazeneca to great britain until the drugmaker fulfills its obligations to the e.u.. both sides are blaming the other for vaccine nationalism. u.s. defense secretary lloyd austin made an unannounced visit to afghanistan this weekend. washington is weighing the future of u.s. troops in the country. the former administration made a deal to bring the 2500 personnel home. president biden says the deadline

perceptions of europe. no, i mean, it is very true that we have had a very rigorous debate about the quality of these particular vaccines that we had the very sort of thorough examination of them. i think that's right, because the credibility of this particular approach is this is extremely important. but now the vaccine roll—out is going on in the different countries, it's accelerating. and i think we're ahead of russia, by the way, if we look at the numbers, but that is not significant. available as well. in addition to the ones that we have at the moment. i mean, the russian vaccine has not been, they haven't applied for being able to distribute it in europe, but i hope they do that as well as well as others. i've got to ask you very quickly, carl, before i go to you, john. i mean, really, europe's not had a very good vaccine campaign. they went for this kind of collective procurement, even, you know, technically advanced. germany has to date only vaccinated just over six million of its own people. we'

think towards europe -- how damaging or risky could this impact the way investors think towards europe? fabiani: it is damaging because you see the difference in gross -- in growth between the u.s. and europe. and also with u.s. stimulus and the vaccinng better. i think in the short-term it will hurt european equity markets and we have shifted some way more towards the united states. we are not always on the cyclical side. and i think europe really needs to get back on track with the vaccination program. annmarie: i imagine with this export halts, that is what they are trying to do. fabiani fedeli, thank you so much for joining us this monday morning. just ahead on daybreak, the credit suisse ceo says he considered selling off the asset management arm in the wake of the greensill issue. that is next. this is bloomberg. ♪ annmarie: good morning. from bloomberg's european headquarters, 6:30 a.m. in the city of london, i am annmarie hordern. this is "daybreak: europe." stocks mixed at the start of a busy week. inflation data and testimony from jay powell and janet yellen will give inves

, when you wanted to talk - to europe about something. britain, post—brexit, _ needs a new place in the world. the language in thisl report is interesting. gone is that phrase, - much beloved of scandanavian nations, "middle . power", the phrase we used to use about britain punching above its weight. l they talk about shaping the international order, j and of course we had a look at britain's trends — - science, technology — - and britain looking to this idea of the indo—pacific tilt. you began by asking isobel- whether this is a new cold war. i don't think so. the cold war was driven by ideology, this is - driven by interests. india and china are the two most populous countries i in the world, both of them almost 1.4 billion people. i of course you are going to want to trade with those countries, l have relations with those i countries, but we are back to thatjuggling act. it seems to me it'sj always been there. how do you weigh up your values versus your interests? _ i think in this new paper we are seeing interestsl are tilting

europe's top human rights body, the council of europe, has called it a huge set back for the protection of women in and outside the country. the bbc�*s 0rla guerin reports from istanbul. even behind the mask, the defiance is clear. this was the response in istanbul to president erdogan�*s decree issued in the dead of night, pulling turkey out of the landmark treaty protecting women and girls. this in fact proves that the government enables these men, enables these men in their violence towards women, domestic violence, abuse, sexual harassment and murder. i felt the biggest ache in my heart and it'sjust the biggest disappointment as a woman you can feel in turkey. well, there's plenty of anger here. these women believe the decree is an attempt to drag them and their country back in time, to deprive them of key rights and protections. turkey's main opposition party has put it like this, "women will be kept as second class citizens and left to be killed." it was a very different picture ten years ago. turkey was first to proudly sign up to the treaty, ironically called the istanbul co

infections starting in western europe . variant of the virus. infections| starting in western europe and moving gradually east and we are seeing this particular variant, being more severe in terms of the clinical picture is leading to bigger pressure on hospitals. europe's problems are in part a result of a faltering vaccine programme and problems with deliveries, made worse by the recent suspension of the astrazeneca vaccine by the eu, but many eu countries are now using it again. the situation in britain is very different from that in the eu with covid cases right down and people hoping to be able to go on a summer holiday abroad, but will it be possible given the covid situation in the eu and other countries? indie in the eu and other countries? we have to in the eu and other countries? - have to be vigilant and we have set out the steps in the road map that they should be no international travel unless it is absolutely necessary until the 17th of may and then the global travel taskforce will make a judgment and work with the industry on how

facing tattered barriers in western europe, central europe began to erect their own. and those politicians there who had bravely pursued tough-minded policies of economic reform, believing that they were following the advice of european leaders, found themselves left in the lurch when the going got rough. only the czech republic under the very able leadership of klaus has remained on course to a normal society. in the last few years, the democratic reformers have fallen one by one in the former communist satellites to be replaced by neo communist governments. transitions to a market economy without tiers. this is a tragedy in itself and an avoidable one. but with russia politically into a more authoritarian nationalist course and central europe's membership of nato still unsettled, it has more than merely economic implications. which brings me to my last example of institutional failure, most of it only a partial one counter balanced by some successes, a namely nato. nato is a very fine military instrument. it won the cold war when it had a clear military doctrine, bu