because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. so that's a very strong statement there and how do you feel about that? because that is the charge and we've, you know, and it was all around the break. the debate here is that the brussels wants too much power and it is tried to one size fits all. i mean, it was at least the claims that were made by the briggs. it tears ok. now i ask you, did they learn anything from it? because there are there, we've all agreed on this program and said euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me, it is more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letter being signed by the circle populous parties. like you is the bull, you integrate, the less efficient it becomes gross becomes less. most of its major policies of fail, the years fail, europe stagnate. 100 is since a year was introduced, the italian economies patent students still says in touch of the are the more in

every investment, the chinese make in europe, angers the u. s. and exacerbates the standoff between the u. s. and china. francesco perisi has decided on a partner to help trying to expand not china, but a european investor. the port of hamburg he stresses that this is a purely economic calculation. but he doesn't deny that political factors also played a role or easy remembers the cold war. and it's worried about any new confrontation, this rotational situation ended. it was of another cold war method of concern for me personally. and for my business in general for me in general. it also is it as a, as a citizen of the european union, we can see that international trade for sure. bridge. we can see that to be helpful to keep them and paid peace. the debate about the role europe will play and the trade war between the u. s. and china is nothing new and is not limited to the economy you bad. i hope to some european leadership because if not, europe risks becoming china. us saying that instead of laura can be the 3rd key player in the global arena.

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. well, that's a very strong statement there and how do you feel about that? because that is the charge and we've, you know, and it was all around the briggs that debate here is that the brussels wants too much power. and it is trying to one size fits all. i mean, it was at least the claims that were made by the briggs. it tears ok. now i asked you, did they learn anything from it? because there are, there are, we've all agreed on this program is that euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me, it is more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letters being signed by the circle populace parties. life view is the goal, you integrate, the less efficient, it becomes gross becomes less, most of its major policies of fail, the years fail, europe stagnate him do this. and so you was introduced the italian, they call them is patent student still

it's the perfect gateway to europe. over the last few years, the chinese have turned perez into the biggest port in the mediterranean and they're planning to make it the biggest port in europe, pledging $600000000.00 euros of additional investments in the next few years. your music i was born and raised in prayer for you. i love him of amendment. i have felt connected with the sea and since i was small before me, this place will be on now. it's important to us medical meadows, not only for its charm and atmosphere now it deserves to be only men, but because it's a part with open access to the c particle and expose the family. and because it was managed to keep it that way, the status. okay. yeah, the most. yeah. tracy honest darzy, a francis cocky believes that the old port area belongs to the cities residence and has long been campaigning to get them access to it again. she's the left wing, threes of parties, maritime policy spokeswoman. that is skeptical about the chinese commitment. she believes massive investments b

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. well, that's a very strong statement there, alan. how do you feel about that? because that is the charge that we've, you know, and it was all around the briggs that debate here is that the, that brussels wants too much power. and it is trying to one size fits all. i mean, that was at least the claims that were made by the briggs. it tears ok. now i ask you, did they learn anything from it? because there are, there are, we've all agreed on this program is that your skepticism is on the rise. what is exactly means is very unclear to me because it seems to me, it is more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letter being signed by the circle populace parties. life view is that the bull you integrate, the less efficient it becomes gross becomes less, most of its major policies of fail, the years fail, europe stagnate and do this since the year was introduced, the italian economies patent studen

europe and china? europe and the rest of the world as we start to see europe doing what it wants to do, imposing carbon border taxes and trying to set the rules? judy: we are going to see complex. interestingly, china realizes the problem. the europeans have a problems with china and chancellor merkel knows that climate change is a concern. but frankly, if europe wants to have this, they cannot do it without extending a globally. it is extremely complicated and we are going to have lots of tension with all the more reason for dialogue. europe cannot be an island on this issue. alix: hang tight with us, you are sticking with us and up next we will talk about president joe biden and angela merkel signaling those warmer times for the two countries. but nord stream 2 is still front and center. this is bloomberg. ♪ alix: live from new york. i'm alix steel with guy johnson. this is the european close. president joe biden and german chancellor angela merkel are signaling warmer ties between their countries

goldman sachs, positive on europe at the moment. does europe outperform the united states? if we are going to see bond yields coming lower? hannah: a lot of europe is geared toward cyclical areas of the market. it is focused on the proper economic recovery. what we have seen particularly in the last few days when we have seen these fires cases increase we have seen those parts of the market start to fall back. with the u.s. 10 year bond yields coming down lower that could be a good environment for growth stocks in the u.s. to outperform. that is a large part of the market there. europe was leading until about two weeks ago, when the u.s. overtook it. if the delta variant keeps growing, we could see further weakness in europe and it could be an environment where the u.s. may continue to outperform. guy: thank you, hannah gooch-peters, global equity investment analyst at san lam investments. at the top of the agenda in venice, the global minimum. we are going to hear from the secretary-general next. this is bloomberg. guy: welcome back. this is the european close. the g20 fin

they don't want to be the leaders of europe. they don't want to interfere with other people's business because of the terrible history of the third reich. and i think that germany is bound to be a political bar and it's got to accept the responsibility of its own power, but it's people don't want to and it's politicians see no votes in that kind of policy. so you have reports of the german air force certainly has ten planes or whatever it is these various reports came out about the fact the german armed forces have been allowed to run down until they are practically nil. >> this has been a great >> well, this is been a great discussion. i greatly appreciated you joining us, or festive tunes. are as i say one of the great treasures of the world. i really believe that. the english and the people is spectacular. i hope we can host you hear personally at aei sometime in the future. to all our listeners thank you for joining us and i think we will sign off now. thank you very much. >> thank you very much for asking me. thank you for

. ♪ manus: this is "daybreak europe ." i am manus cranny in dubai with rishaad salamat in hong kong at our asian headquarters. to the other major stories this week, it is all about banking as the ecb, european central bank, lifts the cap on dividends and share buybacks. they are urging the sector to remain cautious given the uncertainty of the pandemic. this comes as we start a busy week for earnings. we have had ubs, barclays, santander, credit suisse, and many more. it seems as if we have shifted on the language. let's get to our deals reporter, the bella ahmed -- nabila ahmed. it is a separate committee to the rates committee at the ecb that decides what happens with bank dividends. what do we know about the shift? we have this earnings season kicking off. what can we expect this week from the european peers? nabila: on the point of the ecb, manus, obviously, they came out on friday and said they decided not to extend beyond september the recommendation that all banks limit dividends. that is going to come as good news

, because i think a, a, europe of nation states would likely return europe to, into war levels of dysfunction and economic misery. so that's a very strong statement there. and how do you feel about that? because that is the charge that we've, you know, and that was all around the briggs that debate here is that the brussels wants too much power. and it is trying to one size fits all. i mean, that was at least the claims that were made by the briggs. it tears ok. now i ask you, did they learn anything from it? because there are, there are, we've all agreed on this program and said, euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me it's more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letter being signed by the circle populous parties. my view is that the ball you integrates, the less efficient it becomes gross becomes less. most of its major policies of fail, the years fail, europe stagnate. henry this, since the euro was introduced, the italian they call them is patent. students still say

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. so that's a very strong statement there and how do you feel about that? because that is the charge that we've, you know, and that was all around the briggs that debate here is that the brussels wants too much power. and it is trying to one size fits all. i mean, that was at least the claims that were made by the briggs. it tears ok. now i asked you, did they learn anything from it? because there are, there are, we've all agreed on this program is that euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me it's more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letter being signed by the circle populous parties. my view is that the ball you integrate, the less efficient it becomes gross becomes less. most of its major policies of fail, the years fail, europe stagnate. henry, this, since the euro was introduced, the italian they call them is patent still st

by having that dutch space in mainland europe, enables us to be able to tour the rest of europe without any problems. it's not a one—off. we've discovered eu countries have helped at least 2,300 uk companies set up in europe since the brexit vote. some will now pay less tax in the uk. 0ur income will actually now not all come into the uk. a lot of it will go into holland. so the treasury will receive less money, and i think it will be severely hit with the loss of income from uh the entertainment industry and supporting companies. at this moment, for us, it's a disaster. it's been a hundred days since the uk left the single market. julianne and matt have something to celebrate. we have got the malta order finally leaving after i don't know how long it's been. it was ordered on the 11th of january and it's now april. malta has accepted that their vegan products don't require an animal health certificate. is there another roll of stickers for me? but there's more bureaucracy — every snack bar needs a label with an eu address. every single box needs to be opened, and it's a tiny little

and europe, to reopen for tourism and trade. but it's a different story and -- story in developing nations. millions of people across africa are still waiting to receive their first jabs. the who warns the continent is facing an extremely aggressive third wave. the african union's covid-19 envoy has strongly criticized europe for failing to deliver the millions of doses it promised. we will bring in our guests in a moment. first, this report. reporter: marie, a 57-year-old mother of five, has come to this clinic in kinshasa to get her second jab of the astrazeneca vaccine. the democratic republic of congo is suffering from a third surge of coronavirus infections, as are many other parts of africa. >> it's good for us to protect ourselves, as we are experiencing this third wave of covid-19. it is important we are receiving this vaccine, because in doing so, it will also save others. reporter: she is one of the lucky ones. only 1% of people across the continent have been inoculated. while richer vaccinated countries are reopening

for travel in europe. so will a vaccine curtain end up dividing, rich and full nation? this is inside story. ah hello and welcome to the show. i'm sammy's, a dan, so cove, it $900.00 vaccines, a vital for controlling the pandemic. as we know, widespread immunization is allowing parts of the world, including the u. s. in europe to reopen for tourism and trade. but it's a different story in developing nations. millions of people across africa still waiting to receive their 1st jobs. the w h o warns the continent is facing an extremely aggressive 3rd wave. the african union is covered, 1900 envoy is strongly criticized europe for failing to deliver the millions of doses. it promised we'll bring in our guests in a moment. but 1st, this report from victoria gate and b marie a 57 year old mother of 5 has come to this clinic and can chester to get her 2nd job of the asters in vaccine. the democratic republic of congo is suffering from a 3rd serge of corona, virus infections, as many other parts of africa. i think

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunctional and economic misery. so that's a very strong statement there and how do you feel about that? because that is the charge and we've, you know, and it was all around the briggs that debate here is that the brussels wants too much power. and it is trying to one size fits all. i mean, it was at least the claims that were made by the briggs. it tears ok. now i ask you, did they learn anything from it? because there are, there are, we've all agreed on this program is that euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me, it is more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letters being signed by the circle populace parties. life view is the bull. you integrate, the less efficient it becomes gross becomes less, most of its major policies of fail, the years fail, europe stagnate and do this since the year was introduced, the italian called ms. patton, the student still sa

also in europe but -- also the u.s., but europe should come up with big flagship programs. alix: for what purpose? there is the sub-orbital. you will become a satellite provider or a rocket provider and deliver payloads to actual space stations. there is colonization of the moon and going to mars. there is a lot of ways to do space. how does europe want to do space? josef: we have some flagship programs which are the best in the world. we have a program to monitor our planet. we take the pulse of our planet. we have galileo, navigation program. among the best in the world. there is also space science, which is a bit more exotic where you look into the universe and see what can be done with satellites to explore our origins and questions like where do you go and where you come from. we need to understand other planets. we are planning other exciting missions. we are having a lot of diverse activities. what i really want to achieve is space is much more at the center of the politico agenda of top decision-makers as it is happening in the u.s. and china. i think europe has to

europe? causing the extreme weather and euro e? , , causing the extreme weather and euroe? , , , ., europe? this is exactly what we would exuect — europe? this is exactly what we would expect to _ europe? this is exactly what we would expect to happen - europe? this is exactly what we would expect to happen with . europe? this is exactly what we | would expect to happen with the planet warming as rapidly as it is, so we know that more extreme weather events are going to occur more frequently, more simultaneously and be more intense than ever before. we have a warm atmosphere that holds more moisture and these, this moisture is released in the form of heavy precipitation like rainfall or snow and usually you would have atmosphere currents moving these weather systems along but also with the planet warming you havejet also with the planet warming you have jet streams that have gone awry and so these extreme weather events are actually paying still, so heavy amounts of precipitation are being

and above all, how it feels jewish life in europe. that's what film producer. lona and journalists, goodman, are exploring. delving into history and the present i would never have thought that could be live. so i could remind myself because i grew up in a completely different way. prod, pluralistic jewish in europe. the 2 port documentary starts july 5th on dw, the ah ah. see the news live from berlin, a stunning turn of events for the man once known as america. dad. he was convicted of sexual assault and sent to prison. but now us, comedian bill cosby is once again a 3 man, a us court overturned his conviction on a legal technicality. coming back on the last german soldiers return from afghanistan was all remaining international troops to leave by september 11th afghans worry about the future of their.

are recognized for travel in europe . there will a vaccine curtain end up dividing, rich and full nation. this is inside story. ah, ah. hello and welcome to the show. i'm sammy's a ban. so cove, it $900.00 vaccines, a vital for controlling the pandemic. as we know, widespread immunization is allowing parts of the world, including the u. s. in europe to reopen for tourism and trade. but it's a different story in developing nations. millions of people across africa still waiting to receive their 1st jobs. the w h o warns the continent is facing an extremely aggressive 3rd wave. the african unions cove at $900.00 envoy, a strongly criticized europe for failing to deliver the millions of doses. it promised. we'll bring in our guests in a moment, but 1st this report from victoria gate and b marie a 57 year old mother of 5 has come to this clinic and can shafter to get her 2nd job of the asters in kovak, seen the democratic republic of congo is suffering from a 3rd surge of corona, virus infections, as many other parts of afric

what about in europe? is there any movement from governments in europe and aiding vaccines for federal workers? naomi: europe is never monolithic. there are different discussions in different places. in greece, there have been some mandates that have not happened here in germany, where i am. i think that politicians generally speaking are starting to warm to the idea of nudging people towards vaccination a little more strongly. it is also worth noting that after a slow start due to lack of supply, europe has actually caught up to the u.s. in terms of first doses of vaccine. alix: 100%, while we are really hitting a wall in the u.s. thank you very much for joining us, bloomberg's naomi kresge. coming up, let's take a look at how this all impacts the market. it is a very busy week of earnings in europe. a lot of the regions big banks -- the region's big banks. this is bloomberg. ♪ >> if you look in the second quarter, you will see volumes going up. you should look everywhere in europe as well. look at fran

to africa and from africa to europe. but the jews and also muslims were expelled from spain in 1492. and then after the 2nd world war, many hundreds of thousands of jews travelled from north africa back to europe. and also israel. we don't know if it goes back to the old testament, if you want to look at it met the logically and this whole aspect of judaism in central europe is something we're not really conscious or not in the general community either in the open mind to mind so that's especially since clearly had such a major impact on europe. migration flows in both directions and now seeing another migration movement here in the same place they've been happening for centuries. and that's the reason we're starting our journey through europe. from the beginning i choose i've never been to my day, but i'm excited to see what jewish life is like here the . it's a typical pause city with lots of influences and immigration and that's why it's a city that's always been open to the jewish community. the life is obviously cha

is europe just a few weeks behind the u.k.? is the u.s. just a few weeks behind europe? scott: i think this will be a summer of confusion and inconsistency. there was optimism that the highly vaccinated countries would have a relatively normal summer come with clear parameters for international travel, but those hopes have really been squashed. i think each country in this equation is now going to be making its own path with different levels of caution, with different shifts around what you can and can't do. that will create uncertainty. it will create less willingness to travel, and create a lot of concern around the economic implications of this very critical summer tourism season. alix: we also saw, at least here in the u.s., reports of some senators and u.s. officials who were vaccinated who came down with covid-19. how quickly are going to start to see those kinds of headlines? scott: i think those stories get a lot of traction. i think it is still pretty clear evidence that the vaccines are working, that these breakthrough cases are an exception, but those cases ge

it's the perfect gateway to europe. over the last few years, the chinese have turned periods into the biggest port in the mediterranean. and they're planning to make it the biggest port in europe, pledging $600000000.00 euros of additional investment in the next few years. again, me think i can make i was born and raised in prayer me for years. and i love him of amendment. i have felt connected with to see in the school since i was small before you me this place will be on now is important to medical meadows, not only for its charm and atmosphere. now it's designed to tow it up. but because it's a pop, open access to the c particle and the supposed to failure. and because it was managed to keep it that way remotely, tracy understands the francis khaki believes that the old port area belongs to the cities residence and has long been campaigning to get them access to it again. she's the left wing, threes of parties, maritime policy spokeswoman. that is skeptical about the chinese commitment. she believes massive investmen

that is, that companies have to submit studies to europe in commission. they do the study themselves, they have to submit it to the european commission and to accept. so the europe, food safety authority and they as a panel of experts that looks at the studies and then they say ok, safe or not. so what we have found is that within these expert panels, you have a lot people with dice with the food industry. so that means a conflict of interest me in. so home system, the communication agencies and the regulatory agencies have the same scientists. and they work in order to promote the commercialization of their products. i. this is why if you ask them something, you have the same answer and they say it's a consensus exactly like in the middle ages, you were asking for the priest, what is a truth in no, you asked to these scientists and regulatory agencies. what is the truth and they act in the same manner as magician? you know, because they work on secret compounds. we secretly effects. they say that you cannot publish that. however they say they have the tr

in europe, it is 8.3%. this is a market that is perpetually undervalued, so bernstein making the argument with this data, don't buy u.s. value. go in and buy europe value. let's get more on the story. joining us is luke hickmore, aberdeen standard investments investment director. thank you for joining us today. bernstein says you want to own european value over u.s. value. would you agree with that? luke: broadly, i would. we have seen so much coming through the tech side of things in the u.s., and people think europe really hasn't got much in the way of that area. i think they are wrong, by the way. i think if you delve down into the mid-cap and small-cap stuff, there's really good growth in europe, as well as value, but you end up having to look for it a lot harder. value stuff, absolutely, the consumer growth right now is coming through in your nestles of this world, and volkswagen, as you were talking about. there's lots of value there. from our perspective in credit, we are finding great value all over

it's the perfect gateway to europe. over the last few years, the chinese have turned periods into the biggest port in the mediterranean and they're planning to make it the biggest port in europe, pledging $600000000.00 euros of additional investments in the next few years. your music i can make i was born and raised in parade me up for you. i love him of amendment. i have felt connected with the sea and since i was small before you me cream, this place will be on now is important to medical meadows. not only for its charm and atmosphere now it's to be only because it's a park with open access to the c particle and the supposed to value. and because it was managed to keep it that way, the marcia tracy honest ozzy, a francis khaki believes that the old port area belongs to the cities residence and has long been campaigning to get them access to it again. she's the left wing, threes of parties, maritime policy spokeswoman that is skeptical about the chinese commitment. she believes massive investments by aging would also h

by having that dutch space in mainland europe, enables us to be able to tour the rest of europe without any problems. it's not a one—off. we've discovered eu countries have helped at least 2,300 uk companies set up in europe since the brexit vote. some will now pay less tax in the uk. 0ur income will actually now not all come into the uk. a lot of it will go into holland. so the treasury will receive less money, and i think it will be severely hit with the loss of income from, uh, the entertainment industry and supporting companies. at this moment, for us, it's a disaster. it's been a hundred days since the uk left the single market. julianne and matt have something to celebrate. we have got the malta order finally leaving after i don't know how long it's been. it was ordered on the 11th of january and it's now april. malta has accepted that their vegan products don't require an animal health certificate. is there another roll of stickers for me? but there's more bureaucracy — every snack bar needs a label with an eu address. every single box needs to be opened, and it's a tiny litt

europe does not. is it simply the structure that the ecb has to deal with that they cannot generate a boom economy to help out? eric: i think that is part of the story, tom. we have been wondering about this this inflationary liquidity trap -- disinflationary liquidity trap that europe has been struggling with. we don't think negative interest rates made things any better. it probably made things more difficult for the banking system. you have a world where policy rates are at zero and the financial institutions do not have a lot of incentive for just riveting that excess liquidity to the broader economy. -- for distributing that excess the liquidity to the broader economy. people talk about the structure, but for me, one of those differences is the nature of the financial system in the banking system. kailey: there is a difference in fiscal policy as well in europe. it has not been as robust as in the u.s. when it comes to stimulus. when we are talking about monetary stimulus and we talk about the de

down 1% in europe and across the board. europe feeling it. it is fascinating to see with the bond market reacting in the way it has. guy: -- taylor: let's go back to the oil story with some of the uncertainty around that. oil has been reversing some of its gains. will we see producers breaking ranks? we will do it next with fiona boal of dow jones industries. she will explain. this is bloomberg. ♪ ritika: i am live in the principal room. this is bloomberg. ♪let's check it on the bloomberg first word news. a bipartisan group of house lawmakers have given up compromise infrastructure deal new momentum. the 58 member problem solvers caucus endorsed the $579 billion agreement president biden reached with a group of democratic and republican senators. it is also -- the house has called for a quick standalone vote. nancy pelosi once the bill late to passage of a larger spending measure. president biden plans to make some comments this afternoon about the pandemic after falling short of his goal of at least 70% of adult falling short by the four

so if someone wants to authorize abroad in europe, let's say a plan protection product, this person, because this person or this company, the applicant, has to provide data that allows us, as the risk assessors to judge whether these products disable or not. and this information comes from the applicant and the studies that are commissioned by the applicant to allow us to assess the safety are paid by the applicant, obviously. so it's the intellectual property of the applicant. and we can publish parts of the studies in the current legal framework, but we also have to respect the business confidentiality claims of the applicants. so there's a balance to be found between transparency as much as possible, but also to protect the investment of companies into their product innovation. that is, that companies have to submit studies to your commission. they do the study themselves . they have to submit it to the european commission and to accept. so the european food safety authority and they have a panel of experts that looks at the studies and then they say ok, safe or not. so what we ha

the pandemic continues to pummel europe's largest economy. and a reminder of our top story this our european commission has find german comic. it's both fighting and b and w for colluding to keep emissions cleaning technology in the european market. i think business, i think the can you hear me now? yes, we are in germantown, we bring you to a mac or and you've never had before. right? just so what is, who is the medical really want me to talk to people who follows along the way. myers and critic join us for the women in asia. i me for the role of money and i mentioned on the voices, the only way i can be on top is to my own empire, the story. ah, this weekend on d w. the business need a show coming up today. it's been called one or 2 cars. was environmental disasters, hundreds of animals on washing up dead on the countries beaches every week after shift thank of the cost. the government say it's too early to draw conclusions, but conservationist, sounding the alarm, plus the long road to recovery after the deadly 2nd wave of the pandemic cor

related to what happens in europe that seem -- closed less than what we do in europe. things to take into account. and, theirs r- third, vaccinations it chains a little bit. to monitor in the weeks and months ahead in which the station to life, a -- in europe or france, you want to go to restaurants, you get the vaccine. we'll see if it applies to other regions. >> the damage or economic impact of rising counts were worse than you are before. where would you look in the data, it feels so moise at this point. where do you look for signs of potential concerns? >> i don't think we will look at the traditional data. it becomes a little bit too late for sort of real time diagnostics. so we'll be looking at the same stuff we have been looking last year in the report. i think it's going to be clear to be interesting to see if policies change, forcing people to stay home, pro during their mobility. restaurant bookies, it's an interest -- are you you intelligence me -- people decide to take things in their own hands. that is key as well. traditional data, yes, but as you said,

any corrections produced and accepted in europe. whether or not, what's the europe or european countries will not have the efficacy of these sections would have been manufactured in india. and these are the most faxes that have been sent to africa for inoculation. so it's a crisis here, right now we're seeing infection rates going. i'm going to ask you about 5500000 infractions across the continent. yeah, i was going to ask you about the situation right now. we how bad is it right now? well actually they have and i'm with 5.5 mit any instructions across the continent . but a lot of people, many africans, and even health experts believe that the number is far, far, much higher than what the governments of those countries have been reporting. the amount of testing being conducted in africa is actually very, very low. and of course we've seen in the past week how death rates have risen by around 23 percent, which is warning for many african countries. why really, really struggling economically. and now the impact of coffee 19 have dest

we're hopeful, i mean, i'm happy to say, you know, in europe we're not going to give up. we're not going to, there are lots of other technology. there's not just about g m o, there are lots of other technologies coming up and the companies are committed to invest in europe as well, despite it being so uncomfortable is a euphemism to work. here. i in i i in awe the the whatever the when i would show the wrong one. i'll just don't rule out the thing because the after an engagement equals the trail when so many find themselves will depart. we choose to look so common ground in the paris is refusing to reveal to l g, a relocation of radioactive waste dumps 6 decades on from colonial friends, conducting nuclear. an orchestrated attack by foreign mercenaries that haiti has discard the assassination of his president for suspects of being killed in a shootout with security forces to others detained and 4 years after devastating fire the la doesn't live through them. that apartment block in central london totally got into search for justice, goes on they really do believe they go

but in europe we have a very comfortable full stomach conversation. we haven't had a family in europe hundreds of years, so we have no idea what it means to have the choice between one to also a new month. but we have 10 doesn't really matter to us if we have a gym or tomato which and i think we are unaware of the impact or decisions here have on countries where there is no food. no, a days there's a big confusion between what is the general interest and the interest of industry because the priorities drug and growth, and he likes growth that drugs are more important than people like if the food industry is successful, it will create more jobs. it will create more value added, it will create more growth. so i don't see why. we shouldn't also fight for the interests of the industry, but this should be a communal fight. modern agriculture read eyes on satellites relies on precision farming, which is the connection between satellites digital machinery and then all of the tools which are available for farmers. unfortunately, i think europe is losing its e

it's the perfect gateway to europe. over the last few years, the chinese have turned periods into the biggest support in the mediterranean and they're planning to make it the biggest port in europe, pledging $600000000.00 euros of additional investment in the next few years. your music i can make i was born and raised in prayer a me for years and i love him. of amendment had been i have felt connected with the see in the before, since i was small before in the green via this place where we are now. it's important to, and medical meadows. not only for its charm and atmosphere. now it's to, to, to be only meant that because it's a pod with open access to the c particle and the supposed to fail. and because it was who managed to keep it that way. for sadness. okay. yeah. remorse. yeah. tracy honest darzy, a francis coffee, believes that the old port area belongs to the cities residence and has long been campaigning to get them access to it again. she's the left wing, threes of parties, maritime policy spokeswoman. that is

on europe -- on earnings. it does on the valuations. i do believe we need a bit of steepening, we need some country starting to lift rates where there is the u.k. next year or central europe as we speak. we need rates for the banks to become a clear buy. alix: the other potential headwind is the delta variant and covid. goldman sachs raised skepticism as to how much the service sector could recover in light of covid. we are getting the delta variant and getting hit pretty hard in europe. what is the downside for growth for these banks based on the variant? magdalena: it is tough to say at the moment, i have to admit, because the delta variant would have a downside affect if we assume the situation got so ugly that we had the return of some sort of restriction or lockdown, which i have to say is not our basecase. i do acknowledge that there may be more of a question mark from the perspective of the cycle, how quickly can it improve? we will probably see some of that weakness and the fiscal support gets withdraw

life in europe. oh, that's what film producer. lona and journalist, cool, good mom are exploring, building into history and the present. i would never think to be live so openly. i'm so freaking off and constantly remind myself, i grew up in a completely different way. for fraud explorer, the jewish senior, the 2 port documentary starts july 5th on dw, i ah, the news is do you have any news lines from berlin? it's the end of an era. the last us and nato troops leave their main advice in afghanistan. bag room is left empty after a 20 mission against the taliban, and hotline islamists comes to a close. also coming up, indian health officials found the alarm over a new cove at 19 very, in some fee. the fall spreading, delta plus the drain could be better at resisting immunity as a 3rd wave could be on the way on.

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. well, that's a very strong statement there, alan. how do you feel about that? because that is the charge and we've, you know, and it was all around the briggs that debate here is that the, that brussels wants too much power. and it is trying to one size fits all. i mean, that was at least the claims that were made by the briggs. it tears ok. now i ask you, did they learn anything from it? because there's, there, we've all agreed on this program. is that euro skepticism is on the rise? what is exactly means is very unclear to me because it seems to me it's more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letter being signed by the circle populace. parties live view is that the bull you integrate, the less efficient it becomes gross becomes less most of its major policies of fail, the years fail europe stagnate and do this. and so you was introduced the italian, they call them is patent students st

and i think that's actually the majority of citizens in europe. they are very worried about the migration issues starting from this that why people all have to leave data that homeland in the sunsets. it's very human and in lots of cases human tragedy. so that i guess the majority of people in europe in distance don't want to see that people will have to leave their homes and start the life of g. i'm only about to say, yes, miss denied. perhaps the most young, disappointing aspect which human rights groups are underlined last month is how the e u has failed to safeguard people against serious human rights violations at its external borders. the spotlight has fallen on the border agency front, tx, which is accused by human rights watch of failing repeatedly to take action of allegations of human rights violations. that's a serious issue, isn't it? it's, it's supposed deep hold lines in the values that all men to countries were supposed to sign up to have been a major disappointment for you. why the, for me, the big disappointment actually is that w

we're hopeful, i mean, i'm happy to say, you know, in europe we're not going to give up. we're not going to, there are lots of other technology. there's not just about g m o, there are lots of other technologies coming up and the companies are committed to invest in europe as well, despite it being so uncomfortable is a euphemism to work. here. i in i i in in ah, we're used to hearing he will lead messaging about the importance of values. not everyone in the block agrees. in fact, a growing number of conservative and populous forces are speaking out against what subtle call brussels colonial outlook. conservatives and populace. talk the language of family and culture. it leaks talk a value to create a european superstate me the news i is your media a reflection of reality the in a world transformed what will make you feel safe for tyson lation community? are you going the right way or are you being that somewhere? direct what is true, what is faith in the world corrupted. you need to defend the join us in the depths will remain in the shallows. ah, in the british and amer

it's the biggest synagogue in europe. the liberal camp has clearly prevailed with magnificent building. style. o, oh, oh. i work for most people, venice is a romantic city for us. jesus, it's the location of the 1st ghetto. it was here that the jewish population was 1st separated and segregated. the venice later contributed significantly to the development of jewish intellectualism, for example, in reprinting and economic prowess. again, just like to be did you hear in the 16th century that despite all the difficulty, it was a very exciting time, jewish life, jewish printing economy and culture developed enormously and radiated out into europe. ah ah ah, the me if you would see now a tooth reading of the 17th century, the get the would they have play this kind of music at the wedding? i believe so. absolutely. but what was special about the ghetto, of course, is probably if you went to a german jewish wedding, they would have german music with the little italian music put in if you went to a what they call the 11 teen jew

for the young men who mostly fled to europe without their parents. it is one of the rare opportunities to get out of the camp. they say conditions and carrots, they are much better than they were in moria, but they still feel trapped. it can take years for an asylum claim to be processed in greece, lot in a good. but now they have hope all has shown them the way playing for the 3rd division side and working as an assistant coach has helped him get a residence permit. that makes of uncle sponsors proud. he hopes his successful work will inspire greeks to show more understanding for the often traumatized youngsters. we can give them help, we can change their behaviors so we can make them better, better be better, but since so when they're in the society in the community, it will be very easy for them to speak with local people and local people to check to see that they are the same with us. they're not different. paul has his sights set high. he wants to move on from less bows and dreams of playing for a professional club in a big city in germany or fr

it's not going to, it doesn't like unified europe, it's never like unified europe. i'm a historian, as much as a political scientist, and i know in the 1950s that nikita khrushchev on said to american leaders what the last thing we want is a strong europe. now i would, i would disagree with my counterpart, thereby saying that you may be dysfunction on security issues. but it is a powerful economic lock. it does represent the interest of millions and in that economic power, it would seem to me that it would benefit russia to have better relations with the you. but i think for a lot of reasons, particularly president security concerns on his own power. he doesn't want that relations because the e u is also a normative power, which pushes back against the suppression of dissidence and russia pushes back against the forcible annexation of the crimea. so for those reasons, i think russia doesn't want necessarily good relations with the new and needs to present the you as an enemy to russia. so in that sense, i think they will continue to try and pick a pick a part the yo

so, why is the us involved in whether or not a gas pipeline in europe goes ahead? the bbc�*s david willis explains. the last three american administrations have all expressed their dislike of the nord stream 2 gas pipeline. they believe it potentially gives russia too much leverage, too much control over european energy supply, for the simple reason that it will take gas directly from russia to germany, bypassing ukraine and poland. well, now, in an act of pragmatism, i think you could say, president biden has said that he is willing to waive sanctions that have been imposed on the people, on the german company constructing this pipeline, because it's virtually built. 98% of it has already been constructed, the biden administration believes there's nothing really they can do now to prevent it from coming into use. so it's better to leverage its relationship with germany, the biggest ally in europe, of course, and this follows chancellor angela merkel�*s visit to washington, dc, last week at which the subject was raised. so the biden administration, believes it

the europe is slowing down a little bit in making progress. if decisions aren't taking on the motion one day left the other day, right. this is not the basis of the sustainable farming what progress do we want? are we willing to trade of some of the benefits for some of the risk because we're facing a world which is more and more globalized. so we are up against other parts of the world which do not always play with the same rules. mm. we're living in a very strange place today because we have on the one hand, challenges of obesity and overweight and on the other hand, re challenges of under nutrition, malnutrition, starvation. there are geopolitical issues and part of the world where there is less food. and we need to find ways to get food to those parts of the world, either through aid or through producing themselves and to produce more food on the same amount of land. because we can't use more land. we can't use more resources for at the, for ah, the momentum without much trouble, really? yes, accumulate going on. we come into the militia.

to africa, and from africa to europe. but jews and also muslims were expound from spain in 1492 by non sick. and then after the 2nd world war, many hundreds of thousands of jews travelled from north africa back to europe. and also israel, not putting it on the file. it goes back to the old testament, if you want to look at, it meant the logically and this whole aspect of judaism in central europe is something we're not really conscious on, not in the general community, either in the ultimate to manage it. and that's why i, especially since clearly had such a major impact on europe, migration, clothing, both directions and now thing, another migration movement here in the same place they've been happening for centuries. and that's the reason we're starting our journey through europe, from social open, your beginning time the ah ah ah. i've never been to mars say, but i'm excited to see what jewish life is like hear the news. it's a typical pause city with lots of influences and immigration, and that's why it's a city that'

msci europe. a disproportionate amount of interest is being taken in the u.k. the private equity take out in the u.k. running at the financial crisis. it comes back -- running at the highest level since the financial crisis. if the public markets don't value private equity assets properly, the private equity market will. anna: roger lee. coming up, netflix suffers a slow down after lockdowns sent memberships soaring in 2020. the streaming giant promises that is still room to grow. that story coming up next. this is bloomberg. ♪ ♪ ♪ anna: welcome back to the european market open. 22 minutes into wednesday's trading session. european equity markets, we were down on monday, up yesterday, up this morning. let's get to the earnings story, but the u.s. earnings story. netflix earnings were a mixed picture last night. subscribers topped analyst estimates, but it's forecast disappointed with 3.5 million new subscribers projected in the third quarter, short of the nearly 6 million wall street had exp

they failed western europe is failed. the 28th crash. i think you said that china failed to understand quite cataclysmic. the so called western economic crisis was that we're still living with today despite the impact of the panoramic. well, i think it all transpired at the end of the cold war and as we all know, america and west one, the cold war are somewhat a lot cold war. since then, i think western society has gone on and in the larger cope who se, wedding, their own country. they thought they got the magic formula, which is global, or liberalism, taking around the world liberal market economics. electoral democracy, all these things they think is what made them succeed and they're going to universalize and push it to the extreme in their own countries. and that led to the new liberal doctrine of economically and politically and socially, if you will. and i think that has run the ground in the past 10 years. they've gone too far and left too great unraveling of their own societies. and a large number of a vast majority of the countr

and i think that's actually the majority of citizens in europe. they are very worried about the migration issues starting from this that why people don't have to leave data, their homeland in the sunsets, it's very human and in lots of cases human tragedy. so that i guess the majority of people in europe in distance don't want to see that people will have to leave their homes and start the life of g. i'm not only about total saying yes, miss denied. perhaps the most disappointing aspect which human rights groups are underlined last month is how the e u has failed to safeguard people. again, serious human rights violations at its external borders. the spotlight has fallen on the border agency front, tx, which is accused by human rights watch of failing repeatedly to take action of allegations of human rights violations. that's a serious issue, isn't it? it's exposed deep pulled lines in the values that all men to countries was supposed to sign up to have been a major disappointment for you. why the, for me, the big disappointment actually is that w