are going to see how europe actually reacts. investors are overweight europe.how.e a really cracking >> you have some reaction to that european vote. >> we have mario monti to join i suppose aebate. stalwart of european politics, a voice in terms of somebody who has tried to reform certain written he was spared because he came late to .he table we are going to get that context from mario monti. we going to try to put the whole thing in perspective. then we have a great conversation. and one of the beast in terms of the oil industry. we are joined by the cfo shortly after 8:30 a.m. two huge conversations that will help give us a little perspective. >> plenty to look forward to when we will be -- when on the move will be here. ecb forp the first ever them taking place just outside of lisbon in portugal. ♪ >> welcome back. it is 7:50 here in london. joins us to talk about some of the big macro themes. the big one of the day is going to be the ecb falling. it is beautiful this time of year. to jacksonnswer hall, which is the gathering of bankers and intellectuals.

this is a long lasting exercise in europe and our partners outside of europe such as the u.s.and japan. i know this is part of your public debate. both europe and the u.s. are facing great challenges. the labor market, it the educational area, creating the most positive environment for investment. the task is the same. rendering our companies of holding their own in global company vision. europe and america can benefit a lot from each other and can learn a lot from each other. europe and germany can learn from the u.s. in terms of giving seed money to innovative companies. i am please that apparently the good affairs we have made with our training scheme has been looked at very favorably here by the americans as well. what is also important to see is achieving a secure supply of affordable energy. we are interested to work together with the u.s. here. the ttip negotiations ought to give us an opportunity to deepen our energy cooperation. in europe when we look at the crisis in ukraine, we also think about how we can make ourselves more independent of unilateral energy supplies

exercise long lasting in europe and our partners theide of europe such as u.s. and japan.i know part of your public -- this is part of your public debate. u.s. arepe and the facing great challenges. the labor market, it the theational area, creating most positive environment for investment. the task is the same. rendering our companies of holding their own in global company vision. europe and america can benefit a lot from each other and can learn a lot from each other. europe and the u.s. -- germany in terms from the u.s. of giving seed money to innovative companies. i am please that apparently the good affairs we have made with our training scheme has been looked at very favorably here by the americans as well. what is also important to see is achieving a secure supply of affordable energy. we are interested to work together with the u.s. here. ought tonegotiations give us an opportunity to deepen .ur energy cooperation in europe when we look at the crisis in ukraine, we also think about how we can make ourselves more independent of unilateral energy supplies and gas del

i don't know about europe. but it is always good to have prophets from overseas, washington because sometimes the prophet is not respected in his own country. --ink one, don't i think one comment on the importance of gas and russia's that it is utterly true that oil in russia,t money but gas is often about politics, both domestic as well as foreign policy. sometimes arsenal politics. -- sometimes personal politics as well. pruden'see that in mr. personal involvement in ukraine and the china deal that was just announced. mr. putin would rattle off gazprom's statistics at the drop of a hat anytime someone gave him the opportunity to. i want to raise, which may be a subtext of the book i promise to read more carefully as time allows, is whether in order to meet the various market challenges that both of you of outlined, whether fundamental structural reform of the gas sector is necessary in russia or not. the role that independents play, for example. it amuses me that they are called independents. it is like calli

all of this discussion about oh, how can europe we dues its dependence on russian gas, if europe wants to break these contracts, conservatively, very conservatively, it would need to spend between $400 billion and $600 billion euros to buy out these contracts. that isn't going to happen. so essentially this is the picture you need to have in your mind when you think about russian gas exports to europe. but there is some difficult and i'm not going to go into it dependence arithmetic which people try to do saying this country dependent on russian gas or this percent of its gas supply. that really isn't very helpful even on an individual country basis let alone a european basis. to -- what you probably need keep in mind is traditionally virtually all of russia's gas supplies flowed through the ukraine, hence the problems we are having at the moment, but that is now diverse filing, and it has been specifically diversified because of the lack of trust that the russians have had in the whole of the post-soviet era, not just in the last year, not since january of twin when the last big disru

going to europe? >> it lasted 20 days in total. 13 days for most of europe. the it did was drove home realization of the vulnerability that europe has in its reliance on russian gas and its need for diversification. the painit lasted 13 was short-lived. >> does that mean that europe is less dependent on russia today, did it versa fight? -- diversify? closely with europe the last five years to do that. they are less reliant on russia. the thirdey passed energy package which required that the destination clause begun a meant that when russia exports gas into the eu, the first country of transit, let's say germany or ukraine or other eu countries could not -- they could not dictate you may not pass this on without my permission to another country. what it allowed it to do is a minute a gas comes and it is eu gas and can be transferred further. we talked about reversing the flows from poland to hungary from slovakia into ukraine. that would not have been possible in 2000 nine because of the regulatory str

think it can bring change to europe. their different stance and interests are needed in our society to help the weak. education,rian by she battles it out greek rivals on t.v. show's expounding her party's plan for change across europe. >> we can solve problems by dialogue and with proposals. it is a success story for the young leader who was nominated as the left-wing candidate for the presidency of the european commission. >> there is no doubt he is sort of a poster boy for the european left. but there are reservations. him asf members see calling for exit from the euro. there has been a lot of populist rhetoric. >> skepticism remains about his potential. one thing is for sure. ballot, thesunday's european left can no longer go unnoticed. now to fresh violence in ukraine. at least five people have been killed in clashes in a village. it comes on the heels of which 17s attacks in soldiers were killed by pro-russian gunmen. the separatist movement in the east is threatening to disrupt the sunday's presidential election.

america has stood with europe and always will, just as europe has stood with us. and the progress we have made has been remarkable. when i think of how far we've come, it calls to mind the words of the poet seamus heaney in his poem "the cure at troy." he wrote, history teaches us not to hope on this side of the grave. when the wall fell, hope and history began to rhyme. let's not rest until they rhyme once again in a europe that is finally, finally whole, free and at peace. it's a big order, but it is possible to get it done if we remain joined at the hip, if we remain united and steadfast. thank you all very much for listening, and i appreciate the opportunity to speak to you. [applause] >> senator bob corker the lead republican on the foreign relations committee announced he and other senators will introduce a bill to respond to the ukranian crisis. he went to the floor to discuss what would be in that bill. >> mr. president, i rise today out of a genuine concern that the foreign policy that our dministration is conducting is creating danger for the united stat

>> europe did a number of things and we work very closely with europe in the last five years to do that. they are less reliant today on russia while still are extremely reliant and it will be for a long time to come. but because they passed the third energy package which required that the destination clauses be gone it meant when russia exports gas into the eu the first country of transit let's say germany or ukraine or other eu countries, could not say, they couldn't dictate you may not pass this on without my permission to another country. what it allowed it to do the minute the gas comes into the eu it is not eu gas and to be transferred for the. as we talked before about reversing the clothes from poland hungary to slovakia into ukraine that would not impossible in 2009 because of the regular structure that was in place. by working with europe to get the regulatory structure their making some investments, getting them to make investments in infrastructure their less reliant today. but as russia will continue to be a supplier into europe there's more we can do together to make sure t

they are still alive in europe. these bars the top gray line this line is the 85% take home pay and this is the current situation. so what you see here are the contractual commitments for those of you not familiar with cubic years if you divide by ten you get a per day. what we are saying in the chart up till the mid 2020's european buyers are obligated to by closer to 15 billion cubic per day with legally binding arbitration. so all of the discussion on how europe can reduce their dependence on natural gas, if europe wants to break the contracts it would need to spend $400-$600 billion euros. that is not going to happen. there is a difficult dependence math people try to do saying this country is dependence on this country for this percent of its gas supply and that is not helpful on a country basis let alone a european bases. the thing you need to keep in mind is traditionally virtually all of russia's gas supply went through ukraine hence the problem we are having. but that has been diversified because of the lac

her victory left france and much of europe in shock. holding a crisis meeting ndeh his ministers, holla addressed the french people tonight and said europe had he come to remote. rope must be single, clear. >> the victory has left france divided. polled 25%, that means there is a need. let's give her a chance. that is attributed to europe, so it is necessarily needing that people to vote for the extremes. >> it was not just in here that antiestablishment parties top of polls. it happened in greece, but they're the party came from the radical left, and the issue, five years of austerity. to aeece, victory belonged radical left party, which opposed cuts made in exchange for bailout. the whole ofid europe was watching greece, because it had resisted austerity. in spain, the two mainstream 1/3 of their voters. protests against cuts and inequality. the main message i want to send to europe is we do not want to be a german colony, a colony of the european troika. we do not want to provide cheap labor. we do not want the hand over our country'

they have plans to expand in europe. the online streaming service said they would launch, germany and other european countries before the end of the year. and they have an existing customer base of some 48 million people, and it is already present in some countries, including the u.k., ireland, and scandinavia. ebay is also in the spotlight after it revealed details of a cyber attack. it is asking all of its users to change their passwords. toy says hackers were able access the personal details of its users, including phone numbers and passwords. it says the hackers were not able to access financial detail -- details like credit card numbers, and that might be their saving grace. the shares were trading down this hour. and let's also look at shares in bnp paribas. they sell on wednesday on reports the french bank is facing a hefty fine in the united states. the u.s. says authority is seeking more than $5 billion or 3.6 billion euros. officials are discussing a settlement over allegations the bank violated u.s. sanctions

i want to change europe. i want to change the way of thinking and move it towards the people and less towards the companies and banks and everything. i think giving the vote to more leftist parties, we will give a new era to europe. >> is anti-german campaign can be felt in unexpected ways, like from this election helper. >> the german channel. >> he plans on running in the next parliament reelection in 2016 with hopes of becoming prime minister. the polls put him neck and neck with the current head of government. critics believe he would form a coalition with right-leaning parties if it got him into power. >> he is doubtless politically talented. he has increased the party's following from three to more than 20%. but i think his populism and opportunism work against him. >> this promotional film is testimony to the statesmanlike way in which cheaper treys himself abroad, although he is known to shy away from media attention. we are still waiting for our interview and we follow him to pack athens theater. his

eastern europe. and ukraine it is about making sure if there is a shutoff of gas in the near term that we have reverse capability in hungary, poland and slovakia and to expand that to the degree possible that it takes care of the portion of gas. number two, we help them become a more efficient and more capable producer of their gas. they are quite an impressive producer of gas, but a lot of that technology is can be using and producing more natural gas on their own. we are also working on their interest in exploring their unconventional gas areas. we are working with them to reform that they will not end up in the same situation they are in today and efficiency rates are they are to do more with less. in europe, we have to make sure the regulatory form i started to continue. we are working very closely on that to look and make sure there is no energy islands in europe, which is a stated goal of the e.u. so the baltics are a good example of that. lng and lithuania has gone a long way. the chairman men

do you believe he's a threat to europe. thank you. >> obviously every day we're watching events in eastern ukraine and southern ukraine with deep concern. and i think that what you've seen over the dours of the last several months in the midst of this crisis is remarkable unity between the united states and the european union in the response. we have at the same time offered a diplomatic approach that could resolve this issue. we have been unified in supporting the ukrainian government in kiev, both economically diplomatically and politically and we have said we would apply cost and consequences to the russians if they continued with their actions. that's exactly what we've done. and you saw just over the course of the last week additional sanctions applied both by the europeans and u.s. the next step is going to be a broader base sectoral sanctions regime. and what we have said is that we want to continue to keep open the possibility of resolving the issue diplomatically. but as angela merkel said, if in fact we see the di

be torn between europe and russia. it would have risked insecurity in the heart of europe and risked a europe more fractured and less free. thanks to american lead weershi and some of the leaders you will hear from today that is not the world we live in. yes, the world is dangerous. yes, the world is imperfect. yes, we have challenges. but we must reflect on what we have as we build platforms to take on the new threats. in 1997, i said on the senate floor that america, europe and russia could all benefit if the nations of central and eastern europe are anchored in the security nato can offer. the transatlantic alliance officers security and offers an antadote to the fear of aggression truman warned about. it will endure well in the century and the next century but only if nations on both sides of the atlantic see this clearing moment. after the general arrived in paris and assigned as the 34th president of the united states, he was war weary as the american public and people all over the world as well. he had written t

and throughout most of northern europe. start talking "house of cards" in their native language. teamo and amazon are ing up. will it be a case of "game of thrones" versus house of cards? the older hits, "sex and the city," the wire." having more immediate thrones," "game of you could have competition. let you guys have "orange is the new black." who do you think you look like, hans? all of my responses could get me fired. i have already admitted to trying to break the law with netflix. let's cut to black. be assessedseems to with "game of thrones," "house of cards," i am preferable to "breaking bad." so much of the magic is in kevin spacey's delivery, but i would be curious to get hans' thoughts on that. burberry is reporting profits that beat analyst estimates as they enter a new era with a new ceo. for apple. caroline hyde has all of the details. aboutre is cautiousness profitability going forward because the british pound associate on. it is up again. minutes on the data. that hurts the u.k. companies that export a lot,

the caucus and eastern europe.hat should nato due to an sure and -- insurer and reinforce the territorial integrity? moldova.rgia and >> we will take a second question. >> marie suck with northrop grumman -- marissa with northrop grumman. nato has called for a meeting to discuss ukraine. my question is simple. what can they hope to gain? apparently the u.s. does not support it. >> who would like to tackle these questions? jamie? >> the first question. we have to be clear. when it comes to nato, the security guarantee applies to nato members. which is why countries have to join nato in order to have that. ukraine is not a nato ally. it is a partner and a close partner. they have participated in all operations,-- including afghanistan. we are treating a partnership seriously. we are helping them with defense restructuring and reform. reform of the intelligence services. to help make ukraine a more resulting in state. we have a strong partnership with georgia. we are helping- motorola. -- moldova. we are upgrading ass

would have rest a europe less free. thanks to american leadership and thanks to some of the distinguished leaders here today as we will hear from this morning that is not the world we live in. yes the world is imperfect, yes we have challenges but we must reflect on what we have done as we prepare and build platforms and institutions to take on these new threats of the early 21st century. in 1997 i sat set on the senate floor that america europe and russia could all benefit if the nations of central and eastern europe are anchored in the security nato can offer. today the transatlantic alliance anchors global security. offers the possible antidote to the aggression and fear of aggression president truman warned against in 1949. freedom stability and prosperity and well in door well into this century. in the next century but only if nations on both sides of the atlantic see this clarifying moment. two gears of 19 days after general eisenhower arrived in paris as a supreme allied commander in europe he was inaugurated as

i believe strongly in europe. that is i was happy to do the advert. >> her generation grew up feeling that europe offer them endless possibilities. the financial crisis and ensuing austerity measures have soured that vision. >> we are not that interested in the european elections. i know we should be but other issues are more important to us at the moment. for example, it is exhausting. >> what we can do it europe is more solidarity and unity. it is to of the fundamental purposes in my opinion. both could help us out of the crisis. we are tired of being the black sheep in europe. >> i feel the things it started to improve recently but there is still a lot to do. first, we have to change our men tell eddie and avoid the mistakes of the past. we can't do it overnight. i will need help from other countries. >> this is being called greece's lost generation. well educated with almost no job prospects in sight. youth unemployment in greece has had almost 70%. the worst in europe. >> i don't know what the future holds. i

in europe.s what it is that right now. not a lot of growth they're. the fiat brand is more of my band. that is more my speed. francine? >> more my speed as well. before i asked you about earnings, i have two things to say. i am a big fan of marchionne. the style is on italian and good to the fact. lian.-ta talk to me about the earnings. while speaking of that, why it is not -- good not to have a license. >> i have been drinking all morning, so you will catch up to me later. look, quarterly profits disappointed. charge,e a one-time buying part of chrysler from the united auto workers. aboutis what is remarkable o sergio as everyone seems to call him. he is a ceo with a first name. how a patientle is in light of what can only be read as disappointing quarterly earnings. he is looking to china, he is looking to south america. not so much to europe. it is an american sort of confidence. it is always about the future for him and we will see if investors believe it. >> he also dresses like jack keroua

everybody is watching europe.rs inhoping france and the rest of europe will soon start lining up and falling over themselves for these new handsets. >> stay with bloomberg tv. guy johnson and i are back with "the pulse" next. we have exclusive conversations with ceos. ♪ >> barclays bashes its investment bank. 7000 jobs will get the ax. ceo antony jenkins tells us the bank still will be competitive on the global stage. day for europe's central banks. draghi and carney are not expected to deliver changes today but the pressure to act is growing. >> two bloomberg exclusives. we are live on everything from energy to emerging markets.

it is not just europe.re seeing a lot of investment from asia and africa. >> this is very much part of -- you have a couple of big themes. corridord about this that runs west to east. as somebody who has been to the middle east, i have gone north to south. this is a very different perspective on where the growth will come from. think there is to fundamentals behind this. the first is that the growth of the east is pulling both the middle east and africa along. if you look at what each region offers, basically they require each other. it is not a political alliance. it is an economic alliance. that is one key thing. behind that, the trade flows, the investment flows are all expected to the at double-digit levels. >> where is the big opportunity for you? -- i'ms north africa sorry, west over to east, which part of these businesses are you interested in participating in? >> the first place is where the large flows are. our rating allows us to build in the business of banking. we don't just have to lend. it all

proportionally we're below average. >> europe wide? >> europe wide numbers still. look at lebanon.ore than a quarter of the population are syrian refugees. we need global solutions to these problems. >> what do you suggest? >> i say in eu context first and foremost we need safe routes for refugees into europe. there's one way which is through these places. the uk for example -- 691,000 were in need this year. the eu provides 500,000 places per year. we need to increase that number. >> what do people do here? i asked 12 to 15 years ago. there's a language problem, housing, schools. >> that's one of the advantages of the program. it's much more managed. people are identified as refugees and relocated to eu. there's a program ready to receive them. they're helped to register with gp, get children into schools and get jobs. >> very quickly, one sentence, when you see the front national and compare, what do you say to david cameron and people that say do we run scare or take the argument? >> in terms of absolutely we need to put human rights and protection of people at the heart of bord

energy flows from russia to europe. those continued even in the midst of the cold war, at the height of the cold war. so the idea that you're going to turn off the tap on all russian oil or natural gas exports i think is unrealistic. but there are a range of, you know, approaches that can be taken not only in the energy sector but in the arms sector, the finance sector, in terms of lines of credit for trade. all that have a significant impact on russia. i don't think it's appropriate for us to delve into the details at this stage because our hope is that we don't have to deploy them. but what i can say is our exports at the highest level, and not just bilaterally, but multilaterally, through the european commission, and our diplomatic teams have been working through all the possibilities. and we're confident that we will have a package that will further impact russia's growth and economy but, again, our hope is we shouldn't have to use them. we're not interested in punishing the russian people. we think mr. putin and hi

out of europe, out of favor. find out how much mass united brand dropped after just one disappointing season. >>> plus, a member of the kapg of gentleman man -- that and more still to come. >>> hello. and welcome back to "worldwide exchange." european equities are high. we'll show you where we stand. this is the tax at all-time highs. and the single stock in dax that is in negative territory. we have holidays today for the u.k. and united states, so we can't show you the map. but we'll show you u.s. futures later. but nevertheless we are responding to comments from mary drugge. a very strong showing for the centrist party in germany up.80%. stephane saying this is a shock in paris. the ftse is very strongly up 2 1/3. and russia is up 1.8%. and matteo renzi triumphing in the elections and we have also seen it complete its 500 million on friday. >>> so another 200 meters at the outlet's group fitting stations. and the two corporates can increase over predominantly leather. so as his comments back, this morning it s

leaving europe is leaving history and he outlines the europe that he wants. it's basically, a defense of the european union and the european project. the eighthcomes on of may. >> the anniversary of the allied forces. >> that is right. europe 9 is your day -- day. he is hitting back at the anti-europe -- and i.e. you rhetoric. he says it is dangerous. anti--eu rhetoric. he says it is dangerous. is a passionate article in defense of europe. article, it says first of all that president hollande is trying to correct a mistake you make -- he made. he had a speech and he hardly mentioned europe at all. that is one thing he is trying to do, according to this article. but also, he is trying to make his voice heard ahead of other high-profile politicians that will be speaking in the lead up to elections. two former president architected to make a lot of comments. whatf them says that hollande is trying to do here is one up them. >> let's move on to the crisis in ukraine. that has been generating a lot of news. a split, or a different at russian president vladimir put

rex -- >> he was very clear there when he said he wanted less europe and not more europe. he's not the only one. 30% of the voters who went to the polls voted for parties that want less europe. in the united kingdom, one into voters voted for parties calling for a referendum on the european membership all stop the liberal democrats in the u.k. only got one seat in the european parliament that makes up 751. they had 12 seats. they had some federalist amongst them and they absolutely wiped out. the apathy ofwas low turnout in the european elections. europeanshose eligible to vote. this proves that people are sick and tired of rustles and institutions like this making decisions behind closed doors and not reaching out and engaging with people in the right way. so the people are calling for and gentlemen's agreements less behind closed doors agreements and more transparency. that remainsissue to be resolved as who would be the head of the european commission. >> that is the other question. europeanoment, if the council plays by the rules, it would be the former prime minister

energy flows from russia to europe. those continue even in the midst of the cold war, at the height of the cold war. so the idea that you're going to turn off the tap on all russian oil or natural gas exports i think is unrealistic. but there are a range of, you know, approaches that can be taken not only in the energy sector, but in the arms sector, the finance sector, in terms of lines of credit for trade, all that have a significant impact on russia. i don't think it's appropriate to delve into the details at this stage, because our hopie i that we don't have to deploy them. but i can say our experts at the highest level, multilaterally through the european commission and our diplomatic teams have been working through all the possibilities, and we're confident that we will have a package that will further impact russia's growth and economy, but again our hope is we shouldn't have to use them. we're not interested in punishing the russian people. we do think that mr. putin and his leadership circle are taking bad deci

day for europe's central banks. draghi and carney are not expected to deliver changes today but the pressure to act is growing. >> two bloomberg exclusives. we are live on everything from energy to emerging markets. good morning, everybody. you are watching "the pulse." we are live from bloomberg european headquarters in london. >> also coming up is one of the deadliest jobs. why crab fishermen risk injury and death. first we will begin our top story today. that is barclays. the bank announced a strategy revamp. i asked the ceo antony jenkins in the last hour if the bank can still compete on a global stage. >> we absolutely believe that we will be competitive as we are today. in the market, with the clients we choose to serve. thatready have positions we are going to retain in the u.s. and u.k. and that is where our focus is going to be. we are confident we can continue to compete. we created barclays noncore, a set of assets we believe are no longer strategic for the group. we are confident that we can reduce those

energy flows from russia to europe. that continued in the midst of the cold war, at the height of the cold war. the idea that you will turn off the tap on all russian oil or natural gas exports i think is unrealistic. but there are a range of approaches that can be taken not only in the energy sector but in the arms sector, the finance sector in terms of lines of credit for trade -- all have a significant impact on russia. i don't think it's appropriate for us to delve into the details at this stage because their hope is that we don't have to deploy them there it was i can say is that the discussions are at the highest level. it is not just through the european commission and our diplomatic teams have been working through all the possibilities. we are confident that we will have a package that will further impact russia's growth and economy but again, our hope is that we should not have to use them. we are not interested in punishing the russian people. we think mr. putin and his leadership circle are taking unnecessary

and europe. part of the problem is that they don't live if you're a big girl it's a very it's a very nasty your for many people in terms of encouraging cuts in public expenditure and the rest so some of the different somewhat no europe and sun just want to keep the political class what underlying these much of the xenophobia much of the support for a populist party is is that people are suffering and we need to make sure that we end austerity europe and start getting if you don't start putting money into the economy to actually create jobs growth and. a future looks more hopeful than what we have at the moment. or what's happening around the world few online too for most including vs trillion a senator who founded the usual way to show his colleagues that state security was far from up to scratch he brought a pipe bomb into a session. also there to the story of a terrifying attack on a pop group in japan when a man wielding some more money did them during a vent for france. egypt's presidential e

so us and europe were not coordinating, europe looked like it was doing something that it didn't fully believe in. the u.s. was getting very close to people who if, it is not clear why we were getting so close to them in the opposition because they didn't represent the interests of the protesters, at least from the protester's point of view. >> we had a winner, tomogram, tom, graham, the porochenko, the chocolate king is now the president of ukraine and he was pro protesters and showed some courage on the midon but also an oligarch where corruption is issue number one, 2 and 3. as well as democracy. is this completely good news? >> well, it is not completely good news. i mean first the good news is that there is someone who has thousand been collected -- elected that can represent at least a part of the ukraine before the international community, in negotiations with the russians, but i think we need to look at this election i think more objectively. you know, first, we had a turnout of 60 percent, i at this, according to the official figures, of what was billed as a historical electio

is much healthier than most of europe. relatively cheerful position to what we have had for several years of really quite deep depression. always a pleasure. we're going to take a break. back in a couple of minutes. ♪ >> welcome back there you are watching "the pulse." sector is heating up. the company is focusing on a new acquisition. free joined by michael iedheim. >> we don't take any development or consumption risks. our operating skills to manage those assets more effectively, to deliver an attractive dividend yields to investors that have subscribed in the ipo. >> what is the return? >> on unleavened basis, it is in the order of 8-9%. we will be paying dividends in the order of 6.2 five percent, rising with inflation. the difference between those amounts is we invested in the business to grow the underlying asset race, to grow the fund over time. >> was a fund like to get involved? >> there is significant opportunity out there. we have a series of partners that we deal with that build the assets and then deliver them

a healthy europe is good for trade flows and investment flows between europe and our key markets.t puts us in a really good key position. >> richard holmes, standard chartered ceo. we be racing? >> i do. will you be racing? >> i do run. i'm curious about is when it starts very >> is 7:30 p.m.. >> us see if i can step that late. we will be digging into rupert murdoch plan to creating a pay-tv colossus. that is coming up on "countdown." ♪ >> welcome back to "countdown." we just got new details from a bloomberg news excuses -- exclusive. rupert murdoch wants to create a gigantic pay-tv network by combining german and italian media with skype. for hiss it mean european tv businesses are aware this is this all about for rupert murdoch? >> we think it is a plan to consolidate all of european tv businesses under one holding company. that makes them so much stronger in europe when it comes to trying to win broadcasting rights and advertising. he is creating what we see as a real media behemoth, expanding in europe. who knows, maybe the u.s. and asia. >> he doesn't have full control, does

we did not complete the picture of bringing the greater europe, the whole europe into these transatlantic structures. we were distracted by other events. we withdrew in many respects from europe. europe itself is partly to blame, because of the fact that it has been so focused on its own internal questions, having sufficiently paid attention -- other than a few exceptions -- has not paid attention to those neighbors. and those neighbors can be extremely destabilizing to the nato project, the central european project. following up what was said, i am we willg at what point draw a red line and stick to it. in other words, is it an attack on -- rackould german business to a subversion of latvia where s ace sizable russian speaking population. i would not discount the possibility that putin will become involved in the fact that he has not been sufficiently punished through his actions about crimea, and one other thing i would like to add about crimea, this is only the beginning. in other words, russia may have swallowed crimea, but the mood rtars inthe ta comeea will be increasingly anti-russ

and europe right now. part of the problem is that they don't live in europe they've got it's a very it's a very nasty your for many people in terms of encouraging cuts in public expenditure and the rest so some of the different europe some want no europe and so on just will it keep the political class what underlying much of the xenophobia much of the support for populist part is is that people are suffering and we need to make sure that we end austerity europe and start getting if you don't start putting money into the economy to actually create jobs growth and. a future that looks more hopeful moment we have at the moment. just presidential elections underway and security has been tightened as voters head to those polls the ballots are expected to sweep into power former army chief abdul fattah el-sisi who's been defacto leader since he toppled the first freely elected president mohammed morsy last summer despite serious human rights concerns supporters believe sisi will get on top of the country's energ

historically has always had a significantly lower turnout than the rest of europe. i think there is lots of anti-europe sentiment in the media, and the main parties have not exactly helped. the party leaders have hardly mentioned europe, most of them, because it is tied together with local elections, and they have been leading on health and cost of living prices, but europe has only been mentioned very briefly . >> as always, thank you very much. for more on dw's coverage of european elections including the rise of our right parties, you can go to our website. >> you will get all the latest news and information, and you can give us a piece of your mind -- what does europe mean to you? do tune in this weekend for all the details and the results. >> well, investigators in new york are calling it the states largest sting targeting sexual predators of children. >> police have announced the arrests of 70 men and one woman on child pornography charges, and they say more arrests are expected. if found guilty, the suspects could face up to 25 years behind bars. >> police to

elections in europe have seen a swing to the far right in parties across the continent like in france where they topped the call for the first time e r ever. >> translator: our people demand a single policy, the policy of the french for the french with the french, it will no longer be directed from outside. and laws which they have not voted for or obey commissioners who have not talked about the sufferage. >> reporter: this is gaining popularity and eu independence party topped the poll there and harry smith has more. >> reporter: he doesn't have a seat in the uk parliament but like any politician in resent years he is transforming the layout of the country's power and for months the opinion polls have been predicting that the uk independence party were on the verge of something big and as they were counted the numbers clearly began to stack up. >> 751,439. >> reporter: elected one of four successful candidates in the region that covers much of the south of england and told supports this was a historic moment. >> you have spoken tonight and delivered a extraordinan extrao amount of p

the supply of natural gas for europe at large.eal that is on the table , thishe european union hasn't been consummated. here's what they say. ukraine will pay 2 billion of its gas by may 30. that is today. by june500 million more 7. om gets a first maintainthey will delivery. yesterday,e was passed without an agreement. we will see what we'll go back to. ukraine has refused to cover any russia raisedince its price is about 81% in april withdrawing two separate discounts. these are discounts from two separate years. here's what the prime minister saying about it. " we are ready to pay the market but never the ." itical one to i have no idea what that means in terms of how expensive it is for consumers, but there is a market price for gas, and they need to figure out what it is an come to an agreement. if not, once the winter comes, it could be more interesting. one interesting point, ukraine in april ase times they were preparing for this. they're bringing in a lot of gas right now and putting it underground and storing it. me and

the highest in europe for natural gas. and when we give money to the ukraine, the imf deal out in the european bailout, that is a good chunk of this money that will go to the treasury in moscow to pay for that. it kind of perverse way of doing business here. and so must we send a very strong message and have a policy commitment that goes beyond this, the ukraine is only the first stage in this reconfiguration of the power balance in europe and also in the world and what happened in terms of the post-cold war arrangement and even post-world war ii arrangement, one the protection, or people who speak the same language or come from the same ethnic stock as you, sure it is permissible as a reason to intervene military wise. what if china decides that the same approach can apply to taiwan or two other places where overseas chinese live? would not allow the government to send the british navy to protect english-speaking south africans? south africans, some of them do speak english. but yes, people spoke that language in the crim

one of the many crises taking place in europe today. our bbc europe editor will help us understand. woo-hoo, bomb that cherry lip through the doggy door or it's pittsville, brah. it's never too late to learn a foreign language! go and smell the roses! what if it were more than something to share? what if a photo could build that shelf you've always wanted? or fix a leaky faucet? or even give you your saturday back? the new snapfix app revolutionizes local service. just snap a photo and angie's list coordinates a top-rated provider to do the work on your schedule. the app makes it easy. the power of angie's list makes it work. download snapfix for free. ♪ show 'em the curve. it's beautiful. it's more than that... ...it's perfect. introducing curved ultra high definition television from samsung. >>> this is bbc world news. i'm geeta guru-murthy with the top stories. hundreds of migrants are being evicted from their camp in the french port of calais. many are treated for scabies. authorities say that's why the camp has been closed. >>> around 1,000 migrants tried to storm the border be

, what's happening in europe. it's not where my level of expertise is. i can look at a variety of different things going on. europe is one potential telltale sign. which one do you want to pick, brian? >> you have all these smart rich people walking down the halls of bellagio and vegas throwing hundreds down on the crap tables, ask them. >> die. i talk to very rich people here and smart strategists. let me tell you what they're telling me. what we've seen in the market's route is just the beginning. there are people who have done very good work and very good calls in their lives believe the next leg is not a pleasant leg. do they know anything more than you or i or tepper? time will tell. >> at least people are saying frankfurt is prepping some kind of stimulus package for the economies over there. i will throw you a bone. let's get back to something you are an expert on, herb. that is cisco. i mentioned a moment ago you're raising the yellow flag on that one of the only positive dow components there. do you think

europe is coming out of its recession. japan is moving away from deflation, where it was from about 15 years. there is a slowdown in some of the emerging economies, china is holding its own. this is the way it looks. better, but with downside risks and with problems in europe having to do with the banking ofon with the capitalization the number of banks. in the case of japan, the third abenomics has not yet been defined. , the economyates is doing well, though there was a glitch for the first quarter because of the weather. very strong, very vibrant labor market. doing better with the housing markets. the u.s. is good news. >> what does it mean for central the united within states? people have read the jobs report in different ways. the participation the lowest since 1978. there's is not much evidence of wage growth. i think the tapering, not the is something that will continue to happen. it was predictable, it was inevitable, and desirable. going back to normality and normal is good. we should not get addicted to the ster

we neat a strong identity for europe.s is why all the euro skeptic attacks is so easy because europe doesn't have a strong brand. >> how do you do that? what are you going to try and do? basically resell the eu and sell its importance. what is important about the eu to citizens? >> if you see what's going on in the world, there's countries, spain, catalonia wants to leave spain. we have the scottish referendum coming up. the brand eu becomes even more important and it's not a koss meting resign of the brand, it's more about telling people the truths about europe, xplaning what europe is doing for them and also show them that other nations believe in the european union and they want it to continue. >> isn't that something that needs to be done at the national level and not at a more broad level? if you're going to communicate a message like that, it has to be down at the granular level, surely. >> yes, you hit on one of the key problems we have with the brand in europe. national governments will never go to their citizens

we're getting those reactions from europe.ro poroshenko has won the ukrainian elections with 55% of the vote. who is he? he's one of the richest men in ukraine. poroshenko is the product of a fate world of chocolate manufacturing. after studying economics in kiev, he started a business selling cocoa beans. in the 1990s he bought up firms. he became the chocolate king. not just chocolate actually. he's got car and bus plants in the shipyard and television channel, most popular if in ukraine. march 2012 forbes puts him on the list of billionaires. $1.3 billion in assets. although his opposition backed yanukovych, he has russian interest as well. 40% of chocolate sales are in russia. one of the factories in russia was raided by authorities. russia is demanding billions for unpaid national gas bills. it's exchange for $27 billion in emergency credit to save the country for default. >>> one other story from the uk. the united brand has been devalued after the disappointed season. they say united brand is down $98 million. that make

is forced to bang on about europe. and in the netherlands, the policy proposal of things in the netherlands. and the fins are the same. what happens is these guys get soap boxes in brussels and are able to project back to capitals. those ministers are still a coequal branch in terms of deciding. i think they'll have the hot breath on their back shoulder about pop lists gaining on them. migration and the whole idea of ever closer europe. >> those ministers are in town and will be here for dinner tomorrow night. i would love to be a fly on the wall. >> wouldn't we all. this is a debate we'll have. are these parties chosen in brussels -- they have leaders. long time prime minister, back town guy, is he the face they want? we have david cameron arguing against him. other leaders are against him as well. the prime minister of hungary has said i don't want him to be president. will prime ministers get together and say look, it's our prerogative to choose these? we have the right of initiative, get to nominate the guy. that's