Ukraine, Emmanuel Macron, Ed Baxter discussed on Bloomberg Daybreak Asia


The top of the hour. Having a good French politics where president Emmanuel Macron is facing 5 years of gridlock, let's get details from Ed Baxter, who has that story and the rest of the global news. He exactly from his standpoint, a real mess. This after local elections saw him lose seats to the far left and the far right leaving him with no absolute majority, Bloomberg's Caroline Conan says Macron will have to weave some fragile alliances. He could occasionally also use an article 49 three in the constitution in order to force some reform through parliament, but that is very unpopular. Yeah, Caroline says a large winner here appears to be Moran le pen on the right. Ukraine is poised to get the backing of EU states this week. It's a membership path, all 27 member states need to approve and it looks as if they are on the path to do that. EU commissioned recommended last week that Ukraine be granted status, but there are many steps along the way. Meanwhile, US Treasury secretary Janet Yellen after holding talks with Canada's finance minister today says allies are working on ways to further restrict Moscow's energy revenues. We are talking about price caps or a price exception that would push down the price of Russian oil and depress Putin's revenues while allowing more oil supply to reach the global market. Yellen says allies are eager to act against Russia's economy. The war has now put almost half of Ukraine's economy, by the way, out of action, almost half and continues to post the serious threat to the global food crisis, and Ukraine is planning to tour an exhibition of destroyed Russian military vehicles across Europe, it claims that Russia has lost some 1400 plus tanks in over 3500 armored vehicles. China and the EU are aiming at high level talks in the next few weeks. The EU ambassador in Beijing says they're looking at two meetings in coming weeks issues economy climate and environment today, China's refused to discuss the war in Ukraine, human rights and several other issues. Meanwhile, China's northern cities bake in a heat wave, power demand is setting new records. Juneteenth, U.S. celebrating the end of slavery and New York governor Kathy huckle picked the day to sign a law of new voting rights legislation. When Republicans in Washington and state legislatures deny the right to vote and undermine our democracy, we do something here in New York. We pass the John Lewis Voting Rights Act. Huckel says across the country more restrictive voting rights laws have been passed. She says, nope, not in New York. And Chinese regulators summoned executives at sinopec group after a second fatal accident this month saying strong measures should be taken to tackle issues including aging equipment and management shortcomings. In San Francisco, Ahmed Baxter, this is Bloomberg, our Brian. All right, thanks very much. The time now 22 minutes before the top of the hour and it's time for global sports. Let's get to Dan Schwartzman so Dan PSG is now officially in the hunt for a new boss. Yeah, we knew it was gonna happen. We've known for weeks, but it is now official PSG confirming that manager Mauricio Pochettino will not be returning to park to plants next season this despite winning Liga one. The French shines did though disappoint though in Europe they got knocked out of the Champions League in the round of 16 by eventual winner Real Madrid despite leading two zero in the second leg with 30 minutes remaining. Knees boss Christoph gaultier and former Madrid manager and French legend Zinedine Zidane are considered the frontrunners to take over in Paris the Dan though is expected to turn down the job. Sources report that Manchester City star Raheem Sterling

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