is the second largest investor in australia and we welcome our foreign investment in australia. it creates jobs, boosts innovation, and we are looking forward to that. australia will be more freely able to invest in the united kingdom and that will create jobs in the united kingdom and boost innovation there. investment is a win-win for both nations and another substantial outcome for this agreement. haidi: we heard from the prime minister last week and we have been hearing similar developments over the past few weeks overtaking the trade disputes in china to the wto. can you update us on where you are at? what is the hold up and going through that process? -- in going through that process? dan: under active consideration at the moment. you have to make sure you have the best legal arguments and the very best legal case to do that so we want to make sure we have done everything we can to show the strength of our case, working with our wine industry. i had consultations again with the wine industry last week. it is under active consideration at the moment. and we will be making a

back-up i think what we are seeing in australia, l is from australia? back-up i thinkl what we are seeing in australia, as well as other countries that have done relatively well by deploying public health measures and low rates of vaccination, is really that time is running out for us to be able to mmp is running out for us to be able to ramp up vaccines supply and to get vaccines into vaccinations that come as we seek, the delta and other variants, with more christmas ability, the same types of measures that held down levels of infection over the past year are really not good to be feasible any more —— more transmissibility. fifi’s good to be feasible any more -- more transmissibility.— transmissibility. 4696 of americans are fully vaccinated _ transmissibility. 4696 of americans are fully vaccinated most - transmissibility. 4696 of americans are fully vaccinated most of - transmissibility. 4696 of americans are fully vaccinated most of what l transmissibility. 4696 of americans | are fully vaccinated most of what is the magic number that you

the gondwana rain forests of australia are amongst the oldest on the planet. a world heritage site, these cloud forests date to the time of the dinosaurs, when australia began separating from the ancient supercontinent of gondwana, 99 million years ago. the plants and animals that live here provide us with the best examples of the earth's stages of evolutionary history that exist. so we're looking here, basically, into the very middle of the biggest unburnt expanse of native forest in northern new south wales. but in 2020, as flames ravaged at its fringes, precious pockets of its astonishing biodiversity disappeared in a flash. there were fireballs leaping 50 or maybe 100m above the canopy. the whole mountainside alight, the whole sky glowing — it was like watching a volcano erupt. the type of stuff that you look at, it's like, "that could never burn." 0n the dorrigo plateau in the new england tablelands of new south wales, ecologist mark graham has been studying the impacts of the black summer bushfires in a region he's known intimately for more than 30 yea

the gondwana rain forests of australia are amongst the oldest on the planet. a world heritage site, these cloud forests date to the time of the dinosaurs, when australia began separating from the ancient supercontinent of gondwana, 99 million years ago. the plants and animals that live here provide us with the best examples of the earth's stages of evolutionary history that exist. so we're looking here, basically, into the very middle of the biggest unburnt expanse of native forest in northern central nsw. but in 2020, as flames ravaged at its fringes, precious pockets of its astonishing biodiversity disappeared in a flash. there were fireballs leaping 50 or maybe 100m above the canopy. the whole mountainside alight, the whole sky glowing — it was like watching a volcano erupt. the kind of stuff that you look at and say "that could never burn." 0n the dorrigo plateau in the new england tablelands of nsw, ecologist mark graham has been studying the impacts of the black summer bushfires in a region he's known intimately for more than 30 years. half of the gaze

we massive scale potential export from australia.— from australia. we may of course get _ from australia. we may of course get more _ from australia. we may of course get more detail- from australia. we may of course get more detail in. from australia. we may of i course get more detail in the hours ahead. thanks very much indeed, shaimaa khalil in sydney. the crisis in ethiopia, more than 350,000 are now living in famine conditions, has led to people risking their lives to escape the country. on monday the bodies of 25 african migrants were recovered off the coast of yemen, after the boat they were in, capsized. they were heading, it appears, to saudi arabia in search of a better life. it's a journey that involves crossing mountains, deserts, the red sea and even a warzone. man wanted to escape the hardship of life in ethiopia. with no plan and little money, he set off on the road to study arabia. like many illegal migrants, he followed a ancient slave trade route. 0n migrants, he followed a ancient slave trade route. on entering djibouti, they walk

we are manufacturing the astrazeneca vaccine in australia. there are a million doses a week that should be available. there are 200,000 to 300,000 of the pfizer vaccine coming in. in a couple months' time, there will be a much later supply of moderna and pfizer. currently we are getting up to one million people per week vaccinated and we need to increase that. when we get more supplies, we need to million people vaccinated per week because we need 70% to 80% of the adult population fully vaccinated. that is feasible by the end of the year. and by september or up over, the -- october, the danger period is over, and we would be in a much better position. but for the next few months, we have to move with restrictions of some degree. in my view, we want to keep control of this. haidi: you talked about complacency has the biggest issue going forward. what does that mean when it comes to potentially being seasonal? the restrictions need to be in place indefinitely? >> i don't know about indefinitely, but at least for the next 12 months. in countrie

australia's most iconic animals-— australia's most iconic animals. , , ., animals. yes, there were some casualties. _ animals. yes, there were some casualties, but _ animals. yes, there were some casualties, but there _ animals. yes, there were some casualties, but there were - animals. yes, there were some casualties, but there were no i casualties, but there were no species lost, and that is important and people need to realise it takes time for a natural habitat to re—establish for the wildlife to go back to it. but it will happen. in for the wildlife to go back to it. but it will happen.- it. but it will happen. in far northern — it. but it will happen. in far northern nsw, _ it. but it will happen. in far northern nsw, not - it. but it will happen. in far northern nsw, not far- it. but it will happen. in far| northern nsw, not far from northern nsw, not farfrom where australia's worst bushfire season began in 2019, one of the country's best known species is struggling under the strain. 50 species is struggling under the strain. , , �* , strain. so yes, i'

the gondwana rainforests of australia are amongst the oldest on the planet. a world heritage site, these cloud forests date to the time of the dinosaurs, when australia began separating from the ancient supercontinent of gondwana, 99 million years ago. the plants and animals that live here provide us with the best examples of the earth's stages of evolutionary history that exist. so we're looking here, basically, into the very middle of the biggest unburned expanse of native forest in northern central new south wales... but in 2020, as flames ravaged at its fringes, precious pockets of its astonishing biodiversity disappeared in a flash. there were fireballs leaping 50m or maybe 100m above the canopy. the whole mountainside alight. the whole sky glowing. it was like watching a volcano erupt. the type of stuff that you look at, it's like "that could never burn". 0n the dorrigo plateau in the new england tablelands of new south wales, ecologist mark graham has been studying the impacts of the black summer bushfires in a region he's known intimately for more tha

these australia/china relations are very strained at the moment, particularly after australia called for the independent investigation into the origins of coronavirus. exporters in the fields of wine, barley, coal, and others paying the price for that at the moment. shery: opening a quarantine free travel bubble between singapore and australia. we know that those come with challenges and when might that happen? paul: the travel bubble between singapore and australia is a bubble at the moment but the will exists on both sides to make it happen. singapore is going to be relaxing its covid restrictions from june 14. restrictions in the state of victoria, australia, where there was an outbreak last week, also being eased off if that comes under control. if things take a long time to put together -- singapore already does allow arrivals from australia to come into the country quarantine free, but that is not reciprocated going in the other direction. so a memorandum of understanding has been signed between the two countries, for the health departments to begin exchanging information. if a

australia has been unwilling. that may or name -- that may or may not be the reason why boris johnson was in the room. but it certainly contributed to a two against one dynamic on the question of climate change. perhaps the american president wanted the u.k. voice in the room to try to put as much pressure on australia as possible to play ball when it comes to climate change diplomacy. so, this was one outstanding issue where australia probably did not see i do i with the others. across the board, prime minister morrison with more in agreement than disagreement. >> what do you make of the g7 proposal led by joe biden to set up an alternative to china's road to help lower income nations build infrastructure more and build ties with them? >> i think it is potentially significant. but it is too soon to tell. the west and america in particular has been grappling with trying to find a coherent and viable alternative to china's flagship road initiative for years now. it was announced by president xi in 2013. years down

it has been good to australia. i want to talk about this chart taking a look at the value of exports in australia. if you look at this and think australia is a one trick pony, what about the rebalancing? >> it is really benefiting from the higher commodity prices. it is helping profit and it is slowing through to government coffers. this time round, it is different to what we saw in the middle of the first decade where we saw that translate into a mining investment boom. we are not really seeing the signs of debt. i don't think australia will benefit so much of this time around but certainly it is helping the budget getting into a better position at the moment then it would have been otherwise. the government tends to forecast iron ore at $55. they are reaping the benefits of it. shery: thank you very much for joining us. we have breaking news. all of the beef plants any the u.s. operated by jbs have been shut down after that attack. jbs is the largest beef producer. they were forced to shut down given a cyberattac

plenty more to come on "daybreak australia." this is bloomberg. ♪ reporter: you're watching daybreak australia. the asian for trading day, we are focusing on emerging-market assets. forcing rallying commodities and a tilt towards cyclicals. we have emily whiting at j.p. morgan asset management saying expectations for the year for em remain high. flipping the board with the ongoing debate of when the fed might start to bring, some investors are looking to em assets less exposed to the potential jump in u.s. yields. bank of america is drawing lessons from its 113 taper tantrum. saying em offers a relative safe haven. shery: we will watch that data on thursday for more clues. here's a quick check of the latest business headlines now. a consortium of private equity firms has reached an agreement to buy medline industries, in one of the biggest live -- leveraged buyout's of all time. they'll take a medical -- a majority stake in the mica -- in the medical supply company in a deal valued $30 billion. primavera capital buys a chinese

we already have a trade surplus with australia, we shall - surplus with australia, we shall australia a lot of things in the agriculture and food area. there would be no relaxation of uk standards, so any of the stories about different lower standards good is not the case. actually, our standards will remain high, not changed by a free—trade agreement. and there is a great opportunity to sell more uk produce in to australia. i had imagine cheese, scotch whisky attracts a 5% tariff going into australia so there is great opportunities for uk food and helped agriculture going into australia. ., ., ., australia. how great an opportunity? it's australia. how great an opportunity? it's reckoned. — australia. how great an opportunity? it's reckoned, our— australia. how great an opportunity? it's reckoned, our exports _ australia. how great an opportunity? it's reckoned, our exports will - australia. how great an opportunity? it's reckoned, our exports will only . it“s reckoned, our exports will only account for 0.1% of australia's imports. account for 0.1% of australia's im orts. , .

thank you _ news here in australia. ok. thank you very _ news here in australia. ok. thank you very much - news here in australia. 0k. thank you very much indeed, shaimaa khalil. welcome news in australia, but not for some farmers here in the uk. will be hearing about their concerns about food safety, about the flood of australian beef and other products into the uk market. all that still to come in our business coverage. also still to come on bbc news... why yashoda swapped a football for a crystal ball during the european championship. there was a bomb in the city centre. a code word known to be one used by the ira was given. army bomb experts were examining a suspect van when there was a huge explosion. the south african parliament has destroyed the foundation of apartheid by abolishing the population registration act which, for a0 years, forcibly classified each citizen according to race. just a day old, and the royal baby is tonight sleeping in his cot at home. early this evening, the new prince was taken by his mother and father to their apartments in kensington

the economic indicators in australia are across the board very strong right now but we think australia is going to hit some decent headwinds into the second half of next year and the major headwind we have in mind is simply that population growth has stalled. with the border close, we have not got the migraines coming through, the tourists, international students coming to australia. we are getting this really big -- from fiscal transfers, very low interest rates, arriving housing market, but that uses in the second half for australia in particular. the headwinds will become more apparent the sooner we will out the vaccine, the sooner we are able to reopen the border. that will be a gradual process even once vaccine is rolled out because the strategy we adopted for the virus means that there is no tolerance in australia or new zealand for even a small number of cases and that will make opening their border actually really quite challenging i think. haidi: i want to get more on the movement of people in just a moment but i'm curious, given that we had a more hawkish than expected said o

all infections in australia come _ foreign arrivals? all infections in australia come in _ foreign arrivals? all infections in australia come in from - foreign arrivals? all infections in | australia come in from overseas. foreign arrivals? all infections in - australia come in from overseas. we have been a fortress island for quite a long time since march of last year. and we came in from the quarantine, which is in an effective way to stop overseas people from coming into the infections and in this case, it was a limousine driver and the limousine driver was not vaccinated and apparently wasn't even for cautioned and so that's how this one got out and there was an outbreak in melbourne recently, just a month or so ago and i was from a leak in the quarantine in south australia, a man comes back and spreads it from there. that was the other variants but this is the delta variant that they're coping with in britain at the moment. it variant that they're coping with in britain at the moment.— britain at the moment. it raises concerns ab

the trade| dealwith australia. and -- put. is deal with australia. and —— put. is it good for people? it is not, farmers are a bit worried about this. :: :: , . , farmers are a bit worried about this. :: :: , ., , :, farmers are a bit worried about this. :: :: , . , ., ., farmers are a bit worried about this. i: i: , ., , ., ., ., this. 0.02596. that is not going to make a big _ this. 0.02596. that is not going to make a big difference. _ this. 0.02596. that is not going to make a big difference. this - this. 0.02596. that is not going to make a big difference. this is - make a big difference. this is remarkable because this is completely nuts. this is global britain — completely nuts. this is global britain and the prime minister says this is— britain and the prime minister says this is the — britain and the prime minister says this is the best of global britain, and in _ this is the best of global britain, and in terms of the gdp and yet it may tre— and in terms of the gdp and yet it may be significant because there'll be an— may be significant becau

now to australia. it's been one of the world's covid—19 success stories, recording less than a thousand deaths. compare that to almost four million worldwide. the country shut its international borders in march last year — and they've stayed shut — with australians banned from leaving except for exceptional circumstances. there are also limits on the number of australian residents who can return from overseas. that's driven up the cost of airfares and left tens of thousands of australians unable to get back. those who have made it back are taken into mandatory hotel quarantine for 1h days. with me is our reporter courtney bembridge — who has been following this story since the start of the pandemic. thank you very much for coming in and chatting. now while these rules have undoubtedly saved lives, many lives, they have had some devastating consequences, haven't they? i spoke earlier this morning to a western australian man named james. he was living in belgium with his girlfriend, she is bulges

now, the academic evidence, at least that has been relied on in australia, seems to suggest thatis australia, seems to suggest that is safe for consumers. in the uk, however, they are taking a much more cautious approach are those hormones are not used. similarly with pesticides. in australia, the burden of evidence required to banish pesticide appears to be slightly heavier than in the uk —— and a pesticide. appears to be heavier than in the uk. sirkos agricultural goods, there are differences between there are differences between the two markets. the detail remains to be seen exactly as to what will emerge here. there is probably a likelihood that any goods coming into the uk, they are likely to have at least reasonably comply with uk standards in order for them to get into the united kingdom. i would expect there to be provisions brought in to protect uk farmers, either by restricting the amount of non—compliant australian goods brought in, or through other provisions brought into question any blow to uk farmers. question any blow to uk farmers-_ question any blow to uk farmers. ~ .

vaccination rates in australia like behind the u.s. and europe. countries around the world are desperate to speed up vaccine production, african leaders call for drug companies to wait the patents on vaccines. plus, the crowd goes wild. england has beaten germany and a major determinant -- tournament for the first time in 55 years. welcome to world news america. rebel forces in ethiopia's northern province say they are in complete control of the regional capital after seizing it back from federal troops. victory celebrations have been taking place. the fighters have been advancing for days. the federal government, which captured it in november, has now called for a cease-fire. the fighting has killed thousands, displaced nearly 2 million, and the 350,000 people on the brink of thousand. the bbc's africa correspondent has this report. reporter: jubilation as troops are forced out. similar scenes witnessed in the capital, aethiopian soldiers fled. the rebel forces appear to have the upper hand in this bloody conflict. now, the federal government tha

has concluded — ambitious agreement australia has concluded. ., , ambitious agreement australia has concluded. . , ., , , ambitious agreement australia has concluded. . , ., ,, , concluded. farmers are less sure. seafinu concluded. farmers are less sure. sealin: a concluded. farmers are less sure. sealing a deal— concluded. farmers are less sure. sealing a deal in _ concluded. farmers are less sure. sealing a deal in months - concluded. farmers are less sure. sealing a deal in months means i sealing a deal in months means compromise. despite a promise of safeguards for 15 years, they fear they will be undercut by much larger australian counterparts. taste they will be undercut by much larger australian counterparts.— australian counterparts. we are not competitive — australian counterparts. we are not competitive with _ australian counterparts. we are not competitive with australia - australian counterparts. we are not competitive with australia now. - australian counterparts. we are notl competitive with australia now. they are massive producers. they can produce at scale. t

to do more on. if australia to do more on. if this recommendation is followed through on, then actually this would mean that this is the first time a natural world heritage site has been placed on the endangered list, mainly because of the impact of the climate crisis, so this puts further pressure on the australian government to cut its greenhouse emission, surely? its greenhouse emission, surel? ,, . , its greenhouse emission, surel? ,, ,, its greenhouse emission, surel? ,, .,y , surely? essentially this is a downgrade _ surely? essentially this is a downgrade. remember, i surely? essentially this is a - downgrade. remember, before covid—19 the great barrier reef was a global tourist attraction, people came from different parts of the world to see the great barrier reef, it is absolutely stunning and it has been suffering for years because of the effects of climate change, so world heritage sites in danger is not great to put on the poster, it would allow more funds, but it really would downgrade the tourism industry and w

we are counting down to australia's major market opens. if it official hints it is time to consider easing bond purchases, and blackrock's ceo hints that investors may be underestimating rates. a trump era policy face legal challenges and confused investors about its reach. and meme stocks to the moon. amc shares doubled as the retail army comes back in force. this time, hedge funds are not backing down on their bearish bit. shery: we are seeing u.s. futures muted at the open, but this after the s&p 500 managed -- managed to cling to some gains, but it actually faded from an early gain after concerns about markets. the fed raised book showing moderately higher prices when it comes to inflation concerns. energy stocks and real estate leading the gains in the new york session. after extending gains in the new york session, we continue to see demand recovery in the u.s. and europe really pushing sentiment higher. the bloomberg dollar index really did nothing, not much movement, but it was all about the oil-linked currencies. take a look at af

we begin in australia. a covid outbreak in sydney has grown to 128 cases, linked to the highly contagious delta strain first detected in india. a small number of positive infections have also been recorded in the northern territory, queensland and western australia. federal and state governments will hold emergency talks today. phil mercer is in sydney for us. just talk us through these latest numbers, they are worrying. latest numbers, they are worrying-— latest numbers, they are wor inc. , ., worrying. they are, in new south wales _ worrying. they are, in new south wales the _ worrying. they are, in new south wales the state - worrying. they are, in new - south wales the state premier gladys berejiklian is reporting 18 new coronavirus infections in the past 2a hours, which means the cluster of infections here in australia's biggest city now sits around 130. these numbers may not be significant compared to other countries but in the australian context, they are significant and alarming. sydney now is int

here's the prime minister of australia. the delta variant is proving to be a far more difficult element of this virus than we have seen to date. this is notjust the case in australia, it was certainly my experience when i was overseas and the delta variant is presenting very different challenges from those we have faced in the past and that was the topic of discussion at our meeting this evening. the australian response to the pandemic has relied heavily on keeping the borders closed. and it's been relatively successful so far. australia has registered just over 30,000 cases. and 910 deaths due to covid19 so far — all of which were in 2020. at its peak in september 2020 australia registered 0.86 deaths per million people. compare that with the us who at their peak in 10.3. and the uk, where there were 18.1 deaths per million injanuary 2021. but that system might not be as secure any more. here's phil mercer. australia has essentially become a fortress in march of last year. it found most foreign travellers from coming int

australia kept covid-19 i lockdown. australia kept covid-19 cases low by _ lockdown. australia kept covid-19 cases low by sealing _ lockdown. australia kept covid-19 cases low by sealing itself - lockdown. australia kept covid-19 cases low by sealing itself off i lockdown. australia kept covid-19 | cases low by sealing itself off from the world. international borders are largely closed and anybody allowed in must go into hotel quarantine first. but the delta variant of the virus has breached those defences much quicker than health officials expected, and with most australians still not vaccinated that has put the country in a vulnerable position. the country in a vulnerable position-— the country in a vulnerable osition. ~ . , ., the country in a vulnerable osition. . , ., ., position. we have been lucky to date and complacent _ position. we have been lucky to date and complacent because _ position. we have been lucky to date and complacent because we - position. we have been lucky to date and complacent because we are i and complacent because we are isolated. �*

haidi: a very good morning and welcome to "daybreak australia." sophie: we are counting down to asia's major market open. shery: the top stories this hour, tech leads u.s. stocks to a record high, extending a rally that has already added $6 truly into the equity market this year. facebook joins the trillion dollar club after winning an antitrust case. haidi: banking shares jump as well and extended trading. morgan stanley and goldman sachs leading lenders in boosting dividends. shery: and we talk to a company after pay about how the pandemic is changing their global strategy. this is the picture across wall street. u.s. futures muted at the open, but this after the s&p 500 closed at another record high. we had the dow falling with growth concerns. reflation trade waning, a choppy session. those tech stocks outperforming. philadelphia semiconductor index at an all-time high. nvidia, the highest since february, with thriving bond yields also helping tech shares. energy companies though led the losers, given that we did get oil underperforming. right

our product would be different from australia. | would be different from australia. not everyone would want it, our product is going to be a little bit more expensive. it'll be for that high end, and we truly don't believe that it will be affecting the uk farm or in any way, shape orform. australia exports could surge by 80%, but that is just 0.1% of uk imports. ultimately, this deal could add just 0.02% to our nation's cut. however, the hope is that this could be a high pathway to an alliance for nations. between them, they account for 80% of our experts, a fraction of what we sell to the eu. —— 8%. but the ultimate dream isn't perhaps other nations could join, like us or korea, but they too would want access to our markets. that's what concerns farmers. we've yet to see the detail of this deal. we already know it'll say british households only about a pound a year. how much might it cost others is britain looks to forge a new path? dharshini david, bbc news. the first minister for wales, mark drakeford, has set up his government's plans for the next five years,

— australia and canada in particular? australia and canada in articular? ., ., ., particular? we get a lot of thins particular? we get a lot of things in _ particular? we get a lot of things in australia - particular? we get a lot of things in australia first. things in australia first because we have the perfect test population, english—speaking, 25 million people, so it is controllable, we like the things america and the uk likes, so it is a great way to test it and see how it is taken up. what is fascinating to me, twitter is not that popular in australia. so i am surprised they came headfirst even though we are the perfect test. twitter working to fail fast with new products lately, so i think they will pay a lot of attention and make sure they get it exactly right before they take the risk of rolling out in a bigger country. thank out in a bigger country. thank ou ve out in a bigger country. thank you very much- _ let s get some of the day's other news. clean—up operations are under way, but the tiny pellets used what a officials in sri lanka are desperately trying ch

the first handful of compromise devices were quietly supplied to criminals in australia around 18 months ago and built up a solid reputation. then, when law enforcement knocked out a rival network earlier this year, more than 12,000 devices weren't circulated. multimillion crime empires were openly visible to the fbi and police. >> criminal communicators in 45 different languages about things like trafficking and jugs -- drugs, explosives, armed robberies, contract killings. reporter: rates around the globe have found tons of illegal drugs, hundreds of firearms and weapons have been recovered, and nearly $150 million in cash in cryptocurrency has been seized. >> and encrypted mobile phone network to be compromised within a short period of time, and i suspect others are coming. who can you trust? reporter: there are other networks still operating. when police call this a watershed moment, it's difficult to disagree. anchor: kamala harris has ties with mexico are entering a new air. leaders have tried to agree to lower the spike in migration by attacking poverty. families have etc. rated s

but critics had downplaying its benefits and australia is massive. pre historic discovery, a new species of dinosaur recognized as one of the well speaking. ah, rural voters in peru have powers left his politician pedro castillo to a narrow lead over his right wing rival keiko for you. maury, in the presidential run off for you. maury is alleging irregularities in the closely 40 election without offering evidence. the 2 paul rising, populates, facing off as through struggles for the fall out of the corona virus on demick. it has the worst death death rate per capita in the world. mariana sanchez has the latest from lima. the b. c. u is not officially winner of videos run a selection. but my work is among those over the celebry this this campaign has shown the most vulnerable people, the poorest, the forgotten. now they are the protagonists, and it is important that a rural teacher from a rural school becomes president in such an unfair country like peru with 98 percent of the votes counted bizell castillo is the head of keiko for humanity. by more th

that is the arm of the company that has operations in australia and the u.s. and australia. from what we can tell, it is mostly in australia, in the u.s. and canada having the impact on solder. in brazil, they seem to be operating as normally from what we can can tell -- from what we can tell. they are any beef, pork, chicken, lamb. they could be serious if things do not get restarted in short order. haidi: shares continue to see price pressures on the cost of meat. our agricultural reporter in chicago with the latest on hearing all of jbs's meet plants have shut due to the ongoing pack. vonnie: the world health organization, world bank and wto have all endorsed the imf call to invest $50 billion in covid vaccines and treatments. they say governments must act immediately or risk continued outbreaks of the virus. the imf last month proposed a grant and loans plan. moderna is seeking full u.s. fda approval for its vaccine. the move could make a shot cleared on an emergency basis during the pandemic into a stable force of revenue for years to come. moderna says its vaccine is s

now, part of australia's issue. where we have had about 25% of the population receive one dose of vaccine and about 3% fully vaccinated. part of it was we started a bit late. the government was keen to see what the international-vaccine rollout was like. for a month or two. so, it ended up being that we started in late february. then, we had supply issues. and supply issues are, still, in the background. particularly, the pfizer vaccine. and really, the astrazeneca vaccine for which one of our vaccine producers is producing about a million doses a week. but unfortunately, there's been the rare clotting issue we have seen. >> right. which has been a problem, yeah, with astrazeneca. but i want to ask you, if australia is having trouble with, both, the availability of vaccine, and then vaccine hesitancy. how hopeful are you that, even though we have this, you know, the scientific discovery of these vaccines, that it's actually going to make a difference to the way we handle covid in the next, let's say, two or three ye

cooper, australia is newest one loc discovery. and why he is the 1st. i'm a kind i hello, polar air has really settled in across australia. we're dealing with very blustery conditions as well. so adelaide saw wind gusts, 95 kilometers per hour when i show you where all the rain is on wednesday, toward the south east of victoria, south west of new south wales. so some heavy rain could see to 300 millimeters of rain here in the days to come. snow levels are dropping to about 900 meters. so it's not just snow for the australian elves. and you know, we could even see some hail mixed in here. but very cool air, thanks to that polar influence toward new zealand, high pressure in charge. so the translation is a lot of sun. wellington, we've got you in for 16 degrees and that's a few above average. asia, pacific, racine are plum rains are going to start to migrate further to the north. so i'll show you a thursday and one sec, but 1st heavy rain for beijing on wednesday in a batch of what weather, just west of wu han. now here's thursday. see that organisation o

shery: china has filed a lawsuit against australia's wto over measures australia has taken against chinese export. the move further aggravates some already tense relationships. paul allen joins us now. the tit for tat continues because this is the latest in a string of just wta measures -- wto measures between the two countries. paul: this is the latest chapter in a long and unpleasant story. when tariffs were imposed back in 2014, they were imposed on china and south korea although the measures have since been lifted against south korea. the kitchen sink tariffs were applied in 2015 and the railway tariffs were applied in 2019 to both china and france as well. the trade minister says that those tariffs were put in place after some extensive and rigorous analysis. china objecting to all of this as the spokesperson was pointing out that australia launched more than 100 trade investigations against china and antidumping investigations while china has only launched four against australia. you mentioned over wine and barley tariffs. these dispute processes take a long time to play out. he woul

haslinda: china has filed a lawsuit against australia at the wto over measures australia has taken against chinese exports of railway wheels, wind towers and kitchen sinks. it activates and already tense relationship. all alan bjerga the snow. . paul, -- paul island jones as now -- paul allen joins us now. paul: one of the tariffs date back to 2014 when australia imposed tariffs on china and south korea. the tariffs on south korea have since been lifted. the railway tariffs included both china and france. the australian team these decisions are not taken lightly, the measures are put in place after rigorous analysis. a spokesperson for china's foreign ministry says austria has lost more than 100 and 10 dumping investigations into china, while china has only launched four against australia. two of those have been taken to the wto. china taking austria to the wto. these take a long time to resolve, usually between 2--4 years. the trade minister says he would rather settle this face-to-face. it has been two and half years since there has been ministerial contact between the two countries. yvo

bubble with australia. we will be expecting to get more details on the case numbers in half an hour shery. shery: a little more of a mixed picture when it comes to asian markets. here is sophie with the latest on the markets. what are you seeing? sophie: i want to focus on currencies. we have the offshore yuan holding onto a three-day again. we are seeing the quantitative easing dollar outweighing the losses on the the -- the kiwi dollar. in the rbnz may end its quantitative easing buying. check out the korean won, holding at 1128 handle. as the bank of korea considers a timetable for normalization. malaysia extending its lockdown ahead of the trading debut in the country. let's look at what is going on in north asia. ishares of the most in 10 weeks. the 711 operator has been ordered by the u.s. to self-290 stores as part of its merger -- to sell 290 stores as part of its merger deal. the asx 200 is under pressure, but the kospi is extending gains at a fresh record high, 3300 level. analysts very bullish on

mining stocks in australia rising to a 12 year high. how much of the positivity has been priced in going into earnings? guest: the mining sector looks particularly interesting. copper prices are at a decade high. some of it is structural. we have been used low-inflation environments, everyone points to japan. what we are seeing is, we have seen two months of very high month-to-month, and it is not just -- it is price pressures. we've seen mcdonald's putting up wage increases. i think we should be watch out for this trade thing that could be different. it is move towards decarbonization. that accelerates demand structurally for things like copper, which goes into electrification, into solar panels. two, your fiscal policy and monetary. fiscal is creating jobs. three, you have interest groups, so we see the potential for benefits to things like mining and the financial sector. shery: you mentioned the esg theme that has been central this year. are you -- are you watching other trends? guest: there is a great opportunity to capitalize on t

take a look ahead at the day ahead for australia now. australians trust in china has dropped to a record a while confidence in the u.s. hedge risen. we will be speaking with natosha in a few moments with more details. in the meantime, new zealand has -- the virus cluster in sydney grows. we will also be getting the australian pmi's in less than half an hour. lots more ahead. this is bloomberg. ♪ >> australians trust in china has plunged new lows with more than six he percent of people saying they view the country as a security threat rather than economic partner. 16% say they trust beijing to act responsibly in the world. these are the most striking findings of the 17th annual polls. our guest joins us now. great to have you with us. we have been covering these for a number of years and the trend of growing distrust towards our biggest trading partner continues. were there any surprises in this new finding? natosha: -- >> there were quite a few. the biggest surprise was just seeing how far confidence in xi jinping has fallen. i was pro

-australia trade deal. ns, i would like to point out that the british sign language interpretation proceedings is available to watch on parliament wide.tv. we start with sir robert neil. >> thank you very much, mr. speaker. i know the -- >> question one. try again. >> speaker, it's only 15 years, in my case. [laughter] >> thank you, mr. speaker. today marks five days since the murder of our friend and colleague. my thoughts x i'm sure those of the whole house, are with her family and friends. mr. speaker, i'm sure that the house will wish to join me in offering our thanks and best wishes to sir roy stone stone who is leaving the civil service. he's worked for 20 years in playing a valuable role -- [inaudible] we wish him well. mr. speaker, this morning i had meetings with ministerial colleagues and others in addition to my duties, i shall have further such meetings later today. >> sir is robert neil. >> thank you, mr. speaker. i'm sure we all wish to associate ourselves with the prime minister's remarks. pr

australia's economy benefit to the tune of $1 is.3 billion -- 1.3 billion a year. the u.k. government's own assessment says the australian deal was worth, and i quote, 0.02% of gdp. mr. speaker, you would need 200 australian deals to come close to mitigating the cost of brexit. we were told that brexit was all about taking back control. but for our farmers and for our -- there's been no scrutiny, there's been no consultation, and there's been no consent. is so to the prime minister is really confident about the benefit of this deal, does he have the guts to put it to a vote in this house? >> mr. speaker, the people of this country voted for this government to get on and deliver free trade deals around the world. and i believe they were totally right. he talks about tripe, mr. speaker. well, i can tell him that when it comes to exporting sheep, a valuable part of scottish, even that is now being opened up around the world thanks to the deal this country is doing. and, mr. speaker, if he, if he is saying, if he is saying that he wants to go back into the e.u., hand back contr

what about the effectiveness of foot australia sticking of what australia sticking to in terms of vaccinating its population? before you go onto that, and when watching from britain or overseas, they want to get it from austria because australia has zero tolerance for covid. we respond to very low levels the contract tracing in testing and so i do not going until lockdown. know about going until lockdown. with vaccination, we have at a really stumbling not very effective vaccination programme, not very well procured and we have relied on this and like britain, we face around 4% are fully vaccinated, maybe going into 30% of the first dose we are relying on this heavily and the problem we're going to face is twofold, a bit like britain where you are relying on astra, which is not terribly effective against the delta variant and also we have a very large proportion of the population and unite us. we are very vulnerable. it's called the cosmic dawn — when stars formed for the first time. and astonomers now say that moment happened between 250 and 350 million years after the big bang. scientists

twitter blue will initially be available in australia and canada. analysts say the tech company wants to expand from its core business of selling advertising on the platform. social media strategist meg coffey in perth, western australia, says she'll definitely be joining. i can't wait to sign up. for me, twitter is my favourite platform and has been for a very ling time. for a very long time. i'm a super—user, and the things i have gotten out of twitter far outweigh what a monthly service is going to cost me so i can't wait to sign up for it, i think it's brilliant. you're speaking as someone who works in the social media sector, you're a specialist, you engage with it a lot. are people who use it casually, maybe to browse while they're waiting in the line of a coffee shop, really going to pay another subscription on top of all the others they have? yeah, see, ithink that's the difference. because i am someone who uses it every day, and i use it for work, it makes sense for me to buy it. but if you just use it casually, you don't spend a lot of t

so good news for australia but still so many questions to answer. i understand they had a dinner which amounted to welsh lamb, scottish salmon and australian wine and i'm sure the wine producers will be pleased, given the pressure they have been under not least from china, but i did wonder, the farmers over here are anxious that they cannot compete against australian farmers on economies of scale and nor are they happy about the possibility of hormone induced beef, use of pesticides, feed additives, things that are just not allowed over here. any sign of how this is resolved? we still don't know. what we have heard from officials in the uk is that safeguards are going to be in place but, yes, issues for example like hormone—injected beef, chlorinated chicken, just lower standards when it comes to agriculture produced in general and of course the massive industrial scale that australia will be able to export to the uk, all of it is a great deal of worry for the uk farmers. shaimaa khalil there. the chief prosecutor at the international criminal cou

plenty more to come on daybreak australia. stay with us. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >> make it clear to prudent and canada -- putin and canada that europe and the united states are tight. >> do you expect to come out with a legacy strategy for the world? pres. biden: i have one and i will be announcing it. >> we believe this virus is not going away, unfortunately. we think it will continue to evolve and we are tracking very closely the concerns. the company has communicated we are very committed to -- variants. we already shared clinical data that is very encouraging. >> we are seeing thankful

china has made australia rich. _ growing economic pie. china has made australia rich. it's - made australia rich. it's demand for natural resources has underpinned prosperity here. but australia's paramount economic relationship has dell mac is in trouble. this agreement have been festering for many years. canberra's decision in 2018 to band chinese firm huawei from its 5g network did not go down well, but it was canberra's call for a global investigation into the origins of covid—19 that really infuriated beijing. it imposed a range of tariffs on australian exports, including barley and wine, with shipments of iron ore, that key ingredient for chinese steelmakers, are so far unaffected. australia believes it's the victim of economic coercion. china's commerce ministry has come however, said that canberra needs to rectify its wrongdoings. and as china celebrates 100 years of communist party rule cub australia is wondering where this vital trading relationship heads to next. phil this vital trading relationship heads to next.— donald rumsfeld, one of the principal a

australia has fewer than 150 active cases. they lost fewer than 1000 lives so if you take history as an indicator, these things have not prevented qantas from capping a huge opportunity in its home market. it has one international corridor with new zealand but there's still enormous pent-up demand for domestic travel. air travel is expected to be larger than before the crisis in the next 12 months and that's because people are desperate to travel and they cannot go overseas. haidi: we were looking at flights for october to queensland and we were having trouble finding some already but in terms of the international reopening plans, how is the airline preparing for the return of international travel? there's been lots of talk about vaccine passports. angus: that's probably one of the challenges qantas faces. it is void of international competition in its home market and its closest rival here is weaker than it used to be. when the board to do open, it will have to fight with all the other guys as well. as you say, haidi. that sa