35 Burst results for "European Commission"
Bitcoin Audible
The Future Geopolitical Order and Bitcoin by Matthew Pines
"The future geopolitical order and Bitcoin. An initial assessment written by Matthew pines. The days move along with regularity, one day indistinguishable from the next, a long, continuous chain, then suddenly there is change. Travis bickle, taxi driver, 1976. On February 26th, 2022, a mere three days after Russia launched its invasion of Ukraine. The European Commission, France, Germany, Italy, the United Kingdom, Canada, and the United States released a quote joint statement on further restrictive economic measures. This statement joined by Japan two days later, declared how the group of 7 G 7 nations will quote commit to imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves. This unprecedented sanction had the effect of freezing Russia's ability to access about half of its $600 billion of foreign reserves. And with a stroke of a pin, what Russia thought was its money one day, turned out not to be overnight. Amid the fast moving events of that period and additional sanctions since applied, the strategic import of this particular action was somewhat obscured. However, history will likely note that move as marking a fundamental pivot in the evolution of the international economic system and the associated global order. The lesson Russia learned in February was also learned by the Canadian truckers, and many others in recent history, and brings into sharp relief a question that hits at the core of the current monetary and political arrangement. What is money and who has the power to decide?
AP News Radio
King Charles Will Travel to France and Germany for First State Visits
"Buckingham Palace says King Charles the third will travel to France and Germany for his first state visits since becoming monarch, underscoring Britain's efforts to build bridges with Europe, following years of strain relations caused by Brexit. Charles and Camilla, the queen consort, are set to visit the EU's two biggest countries for March 26th to 31, highlighting the significance of the trip is the fact that it will be the first state visit by a British monarch since 2015 the late Queen Elizabeth II Charles mother stopped traveling abroad, Charles was recently met with European Commission president Ursula
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"And safeguard sovereignty for the people of Northern Ireland. This new framework will allow us to begin a new chapter. It provides for long-lasting solutions that both of us are confident will work for all people and businesses in Northern Ireland. Solutions that respond directly to the concerns they have raised. The UK prime minister was in the European Commission president escher von der leyen, speaking out of reaching a new deal on Northern Ireland's trading arrangements aimed at ending years of acrimonious wrangling. Bruce iron horn watched them roll out the Windsor agreement yesterday in the UK. Bruce, the first take in terms of the details, it's about goods flowing more easily. It's about product being available, but it comes down to what the unionists have got to say, doesn't it? That's right, Manus. So this does if the prime minister and the head of the European Commission are right, this does resolve the last big hangover from Brexit three years ago. It would largely eliminate the customs border in the Irish sea, making it much easier for goods to go back and forth between Northern Ireland and Great Britain. It would give the UK government power regarding value added taxes, excise taxes in Northern Ireland. It would allow drugs approved by the UK regulator to be in Northern Ireland. So all those things, the question is, would that be enough for the DUP, the main unionist party from Northern Ireland? So far, we haven't gotten much of a reaction. Jeffrey Donaldson, the head of the DUP, has had some muted response, said he needs to look into it further. So we're still waiting to hear from him. We are also waiting to hear from a group of conservative eurosceptics. So still many unanswered questions. Bruce, thank you for the thoughtful analysis that's a Bruin horn there in Hong Kong. I want to get your red headline from Pakistan. They're pulling forward. The rate setting panel by two weeks. And this is off the back of speculation around what's going to happen with the IMF. They've already increased taxes, but the government is seeking to meet conditions with $6.5 billion bailout from the International Monetary Fund manager. Yeah, and it looks like the speculation, there's a full read on the story. This is about reactivating the loan program from the IMF according to analysts. It may raise by a 150 to 250 basis points. This is according to one of the brokerage companies that we've spoken to. So they're putting it forward. It indicates that they're going to mean business. There's a fairly muted reaction so far. I don't know what the liquidity is like in the Pakistan rupee at the moment, but that's where we stand. We're
AP News Radio
Sunak says U.K. has reached deal with EU on Northern Ireland trade
"The British government says it's reached a deal with the European Union to resolve their long running trade dispute over Northern Ireland. Prime minister Rishi sunak says he and European Commission president Ursula von der leyen would hold a news conference on Monday. The government had previously said it would only happen if a deal was struck government officials have told the BBC and Sky News that the deal has indeed been done. The agreement marks a breakthrough in a spat that soured post Brexit relations between Britain and the EU and sparked a political crisis in Northern Ireland, but now sunak awaits the judgment of Northern Ireland's democratic unionist party or DUP, which is boycotting the region's power sharing government until the trade arrangements are substantially changed. I'm Charles De
WTOP
"european commission" Discussed on WTOP
"And South Korea begin their annual joint exercises next month. The head of the European Commission says she is confident the EU's joint interest in getting more ammunition to Ukraine will overcome individual nations concerns. As always, in this atrocious war that Russia unleashed reached against Ukraine, we see that we can move mountains under the pressure, and therefore here too, these are not normal times with our extraordinary times. And therefore, we should also look at extraordinary measures. The European Commission has been urgently exploring ways for its member countries to team up to buy munitions to help Ukraine, which is running out of supplies. She proposed the block do what it did during the pandemic to prepare for the large scale production of a COVID vaccine The Jewish community in Los Angeles is reacting after a man was charged with targeting and shooting two Jewish men outside synagogues this way 28 year old Jamie tran played an un guilty to the hate crime charges. Law enforcement, both state, local and federal, is taking every possible step to prevent these incidents and to react in the strongest possible way when hate crimes occur. Martin Estrada with the U.S. attorney's office. It is critical that we stand up as a community and say no to hate. But members of the Jewish community there are scared. When things like this happen, you get a little fearful and it kind of spooks you. Stacy Lynn, CBS News. Those 5 former Memphis police officers accused in the death of 29 year old Tyree Nichols, all pleaded not guilty yesterday, CBS's Elise Preston was in the courtroom. The fire fired officers are due back in court in May. Meanwhile, dozens of community leaders are calling on the Department of Justice to launch an investigation into the Memphis police department to see if there is routine use of excessive force. The suspected
AP News Radio
Zelenskyy, in Brussels, urges EU to grant Ukraine membership
"In Brussels, Ukrainian president volodymyr zelensky urges the European Commission to grant Ukraine membership. In an address to the European Parliament speaking through a translator, zelensky says he's seeking assurances that Ukraine could one day become part of the EU. The way approaching the European Union, Ukraine is going to be a member of the European Ukraine is that is winning. It's going to be a member of the European Union. The European Union, that is winning. The Europe visit comes as Russia intensifies attacks in Ukraine, amid signs a major new offensive by Moscow is underway. Zelensky leaves Europe to head home with heaps of goodwill and commitments of more military aid. I'm Charles De Ledesma
AP News Radio
EU officials hold Kyiv talks in show of support for Ukraine
"EU officials are holding talks in Kyiv with Ukrainian president volodymyr zelensky in a show of support for the country. European Commission president Ursula von der leyen, and European council president Charles Michel, as well as 15 European commissioners, are in the Ukrainian capital for what they describe as a summit meeting, the last such get together was held there in October 2021 a few months before the war started EU assistance for Ukraine has reached around $55 billion since the fighting started, providing Ukraine with financial and humanitarian aid among other things, the bloc also plans to adopt a tenth package of sanctions against Russia in the coming weeks. I'm Charles De Ledesma
AP News Radio
European leaders meet in Kyiv to discuss Ukraine's path toward joining the EU
"Russian missiles have hit residential areas in an eastern Ukrainian city for the second time in 24 hours, while top European Union officials visit Kyiv. The latest strikes in clamatos came as rescue crews searched for survivors in the rubble of an apartment building hit overnight by a Russian missile, the missile killed several people and wounded well over a dozen others. Meanwhile, Ukrainian president Vladimir zelensky met with European Commission president Ursula von der leyen, ahead of what officials described as a summit. Von der leyen praised wartime Ukraine's effort to become a member of the EU. You became a Canada country while fighting an invasion. She also announced a new initiative to make Russia accountable for its actions in Ukraine. An international center for the prosecution of the trial of aggression in Ukraine will be set up in The Hague. According to von der leyen, EU assistance for Ukraine has reached $55 billion since the start of Russia's war,
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"The energy crisis sparked by Russia's invasion of Ukraine. The cap is significantly lower than an earlier proposal by the European Commission, which would not have prevented the price by seen earlier this year as Russia curbed gas supplies. In the U.S. a House committee has recommended former president Donald Trump be prosecuted for his role in the January 6th assault on the capitol. The panel voted unanimously to refer Trump for prosecution by the Justice Department on four offenses, including insurrection. Although the move has no formal legal effect, it's the first time a committee has made such a recommendation about a former president and adds to the troubles plaguing Trump's 2024 reelection bid. And it was a chaotic day in a Bahamas courtroom yesterday at a hearing with FDX cofounder Sam bankman freed. He told the court he was ready to waive his right to fight extradition to the U.S.. Bankman freed local lawyer Jerome Roberts was unaware of the plan and then appeared to change his mind later in the day. Bankman freed faces fraud charges over the collapse of the cryptocurrency exchange, but as reportedly changed his mind about fighting on the expectation he would be able to get a bill in the U.S.. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Zara mandi, this is Bloomberg, Caroline. Thank you so much Zara for our update with our top stories this morning coming up in the next part of Bloomberg daybreak Europe. We'll bring you an update on the markets and also we'll be speaking to lord bridges, George bridges, who is chair of the lord's economic affairs committee. This is committee that mervyn king sits on if you'll remember and they've come up with an answer to where all the missing workers
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Focus on the protection of the elderly infant and young children. Well, that was the deputy head of the Chinese national health commission speaking via a translator, elsewhere elsewhere, a pro Chinese media outlet is reporting that Hong Kong may be prepared to scrap its mask mandate. Bloomberg has learned that banks which backed Elon Musk's Twitter takeover are considering providing him with new margin loans backed by Tesla stark, the loans are one of several options being discussed to ease the burden of the $13 billion worth of debt that Twitter took on as part of the deal. The social media firm is estimated to face annual interest costs of around $1.2 billion under the current debt structure that's more than a measure of Twitter's earnings for the whole of last year. And the EU has announced a 9th package of sanctions against Russia, including restrictions on access to drones, chemicals and military technologies, the measure which need the backing of all member states came hours after present Putin warned that the threat of nuclear war in the world is rising, but speaking to Bloomberg, the European Commission executive vice president valdis and brodsky said that their commitment will not be shaken. We are not giving into Russia's blackmail and monopoly. We need to stay firm, stays a course, continue to put pressure on aggressive country, Russia, and EU is currently in a preparation of 9th package of sanctions. The European Commission executive vice president there. He also told us that he expects the next installment of financial aid to Ukraine to be delivered in January. Okay, so those are our top stories this morning. Later in the program, we'll be hearing actually from another interview that our Europe correspondent Maria tadeo did with the European Commission for financial services, really interesting to get her view at this time that we're talking about a new pitch being made by the European Union to try to win some of the post Brexit spoils. This is particularly to do with clearing houses and it's to do with the reform of the EU capital markets union, which is something that has been ongoing for many, many years, and to this the hope within the EU is that they will be able to, I suppose, as financial services is unpicking the changes around Brexit, they'll be able to win some more about that business, particularly in the clearing high sector. I think that the City of London would take issue with the word win rather than. Indeed. There's simply the European Union deciding that actually you need to have certain of your business business actually done on the continent and not in London. So effectively sort of shutting London out of the game. I think would be more the perspective from the UK is that hard. Yes, no, I think that's fair enough. I mean, it's all language of wins and losers, whereas in fact, I think that there's an arguable case we made of using either term. In fact, coming up next on the program though we will be talking more about what's moving markets this morning will be joined by Henrietta PacMan from all spring global investments to talk about what's
AP News Radio
EU seeks specialized court to investigate Russia war crimes
"Wants to set up a UN backed specialized court to investigate a possible war crimes committed by Russia in Ukraine. European Commission president Ursula von der leyen says the EU will work with international partners to get the broadest international support possible for the tribunal, while continuing to support the work of the International Criminal Court, since Russian president Vladimir Putin ordered the invasion of Ukraine on February 24, his military forces have been accused of abuses ranging from killings in the key suburb of butcher to deadly attacks on civilian facilities. Investigations of possible military crimes committed are underway around Europe and The Hague based International Criminal Court has launched its own probes. I'm Charles De
KGO 810
"european commission" Discussed on KGO 810
"Of the biggest truths we're all dealing with these days is the cost of electricity. This is a global crisis, particularly in Europe, where the cost of electricity is up ten X from a year ago. No, not 10%, ten X, which means what used to cost $10 is now a $100. People who used to be spending a $100 a month on their energy bill are now paying a $1000. The European Commission is trying to solve this dilemma, energy prices are based on oil and natural gas prices. And we don't have enough oil or natural gas flowing into Europe. And it's all because of the war, the Russian government has shut down the oil pipeline. They're strictly reducing the amount of natural gas that they're allowing to flow into Europe, and what they are providing, they're selling for too high a price. The CEO of Shell says Europe is going to have to ration energy for years to come. This is a huge issue way more expensive than the decade long average in line with a 14 fold increase. In the cost of gasoline. And the irony of all this, the horrifying part is that Moscow is now making more money from oil than it did before the war. Russia's pumping almost as much oil as before and selling it for higher prices. Who were the buyers? Pakistan, India, and China predominantly, Russia has earned $20 billion a month this year selling its oil versus $15 billion before the war started. And they've got new markets, the Middle East, Saudi Arabia. United Arab Emirates, the UAE, and Egypt, they're all buying, in addition to India, Pakistan, China, and turkey, India, in fact, is now Russia's biggest customer. Russian exporters are often labeling their oil as coming from Iran or Venezuela to fool buyers who really don't want to support Russian oil exports. It's becoming a really big problem. And it's contributed to the fact that the Euro has fallen 15% in the past year. It fell to a 20 year low in August. And now investors are saying it's going to fall in value even more. Most contracts in the options market are against the Euro than at any time since the start of the pandemic back in March of 2020. In other words, most investors are betting that the Euro is going to fall even further than where it is now. And this is all because of the energy problem, which is sharply contributing to the inflation problem. In Europe, the Euro inflation is running at 9%. So what are the countries around the world trying to do about it? Well, the G 7 countries, these are the 7 biggest economies in the world. These G 7 countries have all agreed to put a cap on the price they're willing to pay for Russian oil. The United States, Great Britain, France, Germany, Italy, Canada, and Japan have all said, we're not going to pay beyond a certain amount. What was Russia's response to this? The Kremlin called this an absurd decision that would further destabilize the oil markets. In other words, the war that's going on is not merely devastating life in Ukraine, causing thousands of deaths. This war is rapidly becoming an economic war. And it's leading to policy changes here in America, the Diablo canyon nuclear power plant in California. That power plant is scheduled to close in less than three years, but the governor of California Gavin Newsom, who has long supported the shutdown of this nuclear power plant, has changed his mind. He now wants it to keep operating for another decade to 2035. Why? Because the Diablo canyon nuclear power plant provides 9% of California's energy and 17% of its green energy. So basically, the governor is forced to acknowledge if we want to keep providing energy to Californians, we're going to have to continue tolerating nuclear power, which is, by the way, a green energy. Well, for as long as it doesn't blow up anyway, California is also giving a $1000 to everybody in the state who doesn't own a car. If you're making up the $40,000 a year, 60,000 of your married, they are going to give you a $1000. Their way of saying, we're going to reward you for not owning a car and therefore not contributing to CO2 emissions. It will also support the use of public transportation and so on. So we're finding states here in the U.S. taking decisive action because of the energy crisis, all of which has been instigated by the war in Ukraine by Russia. The situation is bad, likely to get worse before it gets better. You need to be willing to tolerate this uncertainty and volatility, which is likely to be with us for quite some time before it all gets resolved. And that means you need to be looking for the long term focusing on the long-term results because the next months, perhaps quarters, even a couple of years, could be rather dicey indeed. And that's the truth about your future. You know, you might be wondering with all of the volatility that has occurred in the world of crypto over the past 9 or ten months. What's going on with crypto? Well, we're seeing continued mainstreaming of this new asset class. Schwab has launched its first crypto ETF, the Schwab crypto thematic index ETF with the lowest annual cost of any ETF in the crypto space, the ticker symbol is ST CE. And it owns securities that have a stake in the crypto marketplace. Meanwhile
AP News Radio
EU seeks trade sanctions on Russia over 'sham' Ukraine votes
"The EU wants more sanctions on Russia after what it calls a land grab Officials say the 27 nation bloc should impose biting sanctions on Russian trade and hit officials responsible for sham referendums held in parts of Ukraine European Commission president Ursula von der leyen says the Kremlin orchestrated referendums on joining Russia are an illegal attempt to grab land and change international borders by force the EU's executive branch has drawn up several rafts of sanctions against Russia since president Vladimir Putin launched an invasion of neighboring Ukraine 7 months ago I'm Charles De Ledesma
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Time for us for results and not for appeasement. Already, there has been some voicing for public protests over being increased in prices, especially of energy. But the assumption that somehow we're not dealing with inflation or it's going to get worse. I think it's just wrong. Bloomberg daybreak, Europe, on Bloomberg radio. It is 8 30 in London 9 30 in Paris in Berlin, good morning. I'm Stephen Carroll. And I'm Anna Edwards, you're listening to Bloomberg, daybreak, Europe, a European stocks, bouncing back a little from yesterday's selling, but we're still dealing with the same themes of Tuesday, aren't we Steven hire? Inflation in the U.S., what does that do to the fed? Well, exactly. And we are seeing the stock 600 up by four tenths of 1% is where half an hour into the trading session, FTSE 100 up by 6 tenths the Dax and frying fresh up by half a percent and the cat Carolina in Paris up by a third, and more sectors pushing into positive territory now banks are up 1.7%. They're leading the gains in the stock 600 in terms of sectors and its utility shares that are down by 7 tenths, of course, plenty of important focus on that sector given the energy crisis in Europe and will be for the one that we have been watching closely elsewhere in markets. The S&P 500 E mini futures are two tenths of 1% higher this hour and we are seeing a start off across European bond markets as well, the Chinese German punch yield two and a half basis points higher three spot one spot 74, the Italian ten year yield over 4% now for spot zero one up two basis points. Okay, those are the markets. Let's get to our top stories. France is to cap energy price hikes for households at 15% next year, as it seeks to ease the financial pain of the energy crisis. It comes as the European Commission has proposed a mandatory cut on energy use at peak hours in the block. Commission president Ursula von der leyen laid out plans to raise tens of billions of Euros from energy companies profits. In our social market economy, profits are okay. They are good. But in this time, it is wrong to receive extraordinary record revenues and profits, benefiting from war and on the back of our consumers. Our proposal also includes the fossil fuel electricity producers who have to give a crisis contribution and overall our proposal will raise more than €140 billion for member states to cushion the blow directly. That was the European Commission, president assured von der Lyon speaking yesterday. The EU's executive branch is also putting forward a package of measures to ease the liquidity crunch in the energy sector in a bid to protect utilities from rapidly rising prices. Russian president Vladimir Putin meets his Chinese counterpart Xi Jinping for the first time since the Ukraine war began today. She's first international journey in almost a thousand days underlines Russia's important to the importance to the Asian superpower, former U.S. ambassador to NATO, Eva dudar, says now the test of she and Putin's so called friendship without limits. Let's see how many what in fact those limits are. So far, China has not been willing to provide military equipment and Chinese firms have not been willing to provide the kind of high technology that has been blocked by U.S. and western export controls. We'll see whether there's going to be a turning point. My guess is she doesn't want to be in bed with Putin on that road given what's happening in Ukraine itself. That's Evo adal, who's now president of the Chicago council on global affairs. China and Russia's economic ties have grown despite U.S. and European sanctions due to the war jumping by nearly 50% to $40.8 billion in the first 5 months of this year. The UK is considering scrapping a cap on banker bonuses a controversial move that underlines the new government's determination to introduce major post Brexit reforms in financial services. A new Chancellor quasi quantang is said to believe the change would make the City of London more attractive the cap was introduced by the EU in the wake of the 2008 financial crisis. The U.S. two to 30 year curve has reached the most inverted level this century with more on why that matters is Bloomberg's Charlie palette. Treasury curve inversions are widely watched indicators that are seen by many as a potential harbinger of economic distress, the gap between two and 30 years marks the difference between the longest and shortest ordinary U.S. benchmarks, although others such as the 5 to 30 gap and the two to ten spread are generally more closely followed, swap markets now indicate the traders expect the Federal Reserve to increase its benchmark to around 3.4% in the first part of next year with an increase of at least three quarters of a percentage point seen as a lock of the next fed meeting. In New York, Charlie pellet Bloomberg daybreak, Europe. Crowds are continuing to file into Westminster hall in central London to see Queen Elizabeth's coffin. Her majesty is lying in state until Monday when she will be moved for her funeral service which is being described as one of the biggest challenges for security in British history. Mark Lyle grant a former national security adviser says the guest list will cause challenges for authorities. The president of the United States, the president of Israel, the emperor of Japan, all the European wars, present Bolsonaro, Brazil, many of these people are high profile potential targets. And they're all having to be in one place at one time. King Charles has returned to his gloucestershire home and is not expected to carry out any public engagements today
AP News Radio
Ukraine's nuclear plant partly goes offline amid fighting
"The fighting in Ukraine the zapper is your power plant and disputes over pipelines will dominate political discussions this week UN nuclear agency inspectors a scheduled to brief the Security Council on Tuesday about their inspection and safeguard visit to the Ukrainian power plant much of the Zappos region including the key city of melitopol had lost power for some time on Sunday caused by earlier Schilling EU energy ministers to a down to hold an emergency meeting on Friday to discuss the block's electricity market which European Commission president Ursula von der leyen has said is no longer operating I'm Charles De Ledesma
AP News Radio
EU, German leaders pledge reform to cut electricity prices
"EU and in particular German leaders are pledging all form to cut electricity prices The head of the European Union's executive branch and Germany's Chancellor have pledged a reform of the continent's electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices European Commission president Ursula von der leyen says these high prices are now exposing the limitations of our current electricity market design adding it was developed for different circumstances and that is why we are now working on an emergency intervention and a structural reform of the electricity market I'm Charles De
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Okay, maver cousin Bloomberg Euro area economist on the downgrades to growth projections and the upgrades to the expectations around inflation from the European Commission. Thank you very much, indeed. Okay, well let's take a broader look then at the inflation and rate hiking cycle central banks around the world are speeding up interest rate hikes trying to crush an inflation surge that's partly of their own making South Korea, New Zealand have raised by half a percent Canada's gone with a full percentage point. You've also got Singapore and the Philippines tightening at on scheduled meetings, now with the U.S. CPI coming in a higher than expected market C 1% fed rate hike at the end of the month as 50 50. Let's bring in blue both trades are Brendan moy, the man who really knows all about the global drivers of inflation, Brent, good morning, good to have you back with us. We had thought that there might be a peak in inflation in the U.S., but from these latest figures that really doesn't seem the case. It's your cousin. The CPI yesterday was quite a surprise. It came in, like you said, well above expectations. And we started yesterday with folks expecting a 75 basis point fed rate hike at the next meeting in two weeks. And we ended it with a hundred with the expectations toward a full percentage point. So it's definitely the debate about whether inflation has peaked continues and heats up. There are still signs that there are supply pressures in the economy. Demand seems to be weakening. So that argues for the folks who say we've already peaked on inflation, but it's definitely going to be an interesting couple of weeks here as more economic data come in. And try to turn the turn the tide for the fed, whether it's going to go 75 or a hundred basis points. Yeah, and to that point, just to extrapolate or excellent at least expand on that. There was some concern with the CPI print around what looks like increasingly sticky inflation. And yet the beige book of the fed points to price pressures easing, at least in some parts of the U.S.. So how do you pull all that together to kind of get a clearer gauge of whether or not indeed this is the peak? Well, the beige book is probably a better cross section of what's really going on with the economy and companies in particular. The base book is a survey of regional survey that breaks it down by the fed's districts and it really gets into a detail of the anecdotes that companies are relaying back to the Central Bank. And so it's probably more current than the CPI numbers are. More forward looking. You get a company saying, we feel that demand is slowing. And that means more to the fed than last month's consumer price data. So the base book will be a key part of what the fed factors into going into this next meeting, but it's going to be a close call. It seems how aggressively they go or not. Absolutely. Brandon, thank you so much for being with us. Thank you for your time, brilliant based trades are Brendan Murray, giving us a perspective on the global drivers of inflation and the fed path ahead. This is Bloomberg. Markets, headlines and breaking news 24 hours a day at Bloomberg dot com to Bloomberg business out and putting both quick take. This is a Bloomberg business flash. It is 9 17 in the City of London, this Thursday morning. You're seeing losses of four tenths of a percent across European equities, the selling most pronounced in Italy the FTSE mid down 1.6% political risk back in focus for that country as Mario Draghi threatens to step down as prime minister amidst splits within his coalition. There is essentially an expected to be a vote of confidence, essentially a vote of confidence in his government
AP News Radio
EU chief warns of danger of complete cut-off of Russian gas
"The EU's chief warns of dangers of a complete cutoff of Russian gas European Commission chief Ursula von der leyen says the 27 nation bloc needs to make emergency plans to prepare for a complete cutoff of Russian gas in the wake of the Kremlin's war in Ukraine the EU's already imposed sanctions on Russia including on some energy supplies and is gearing away from Kremlin control deliveries but von der leyen says the bloc needs to be ready for shock disruptions coming from Moscow and even a complete cutoff of Russian gas supply I'm Charles De Ledesma
AP News Radio
EU leader calls for Russian oil ban in new set of sanctions
"The the the the top top top top official official official official in in in in the the the the European European European European Union Union Union Union has has has has called called called called on on on on the the the the block block block block to to to to ban ban ban ban oil oil oil oil imports imports imports imports from from from from Russia Russia Russia Russia alongside alongside alongside alongside other other other other restrictions restrictions restrictions restrictions and and and and a a a a new new new new wave wave wave wave of of of of sanctions sanctions sanctions sanctions against against against against Russia Russia Russia Russia for for for for its its its its war war war war in in in in Ukraine Ukraine Ukraine Ukraine today today today today we we we we will will will will propose propose propose propose to to to to ban ban ban ban all all all all Russian Russian Russian Russian oil oil oil oil from from from from you you you you wrote wrote wrote wrote the the the the announcement announcement announcement announcement was was was was welcomed welcomed welcomed welcomed with with with with around around around around the the the the pools pools pools pools by by by by officials officials officials officials in in in in the the the the European European European European parliament's parliament's parliament's parliament's as as as as European European European European Commission Commission Commission Commission president president president president was was was was that that that that I I I I wanted wanted wanted wanted and and and and explained explained explained explained the the the the move move move move would would would would not not not not be be be be an an an an easy easy easy easy one one one one Wonderland Wonderland Wonderland Wonderland understood understood understood understood that that that that many many many many countries countries countries countries with with with with dependence dependence dependence dependence on on on on Russian Russian Russian Russian oil oil oil oil and and and and explain explain explain explain the the the the plan plan plan plan that that that that would would would would help help help help them them them them to to to to we we we we know know know know if if if if it it it it will will will will make make make make sure sure sure sure that that that that we we we we phase phase phase phase out out out out Russian Russian Russian Russian oil oil oil oil in in in in an an an an orderly orderly orderly orderly fashion fashion fashion fashion so so so in in in a a a way way way that that that allows allows allows us us us and and and our our our partners partners partners to to to secure secure secure alternative alternative alternative supply supply supply routes routes routes and and and at at at the the the same same same time time time be be be very very very careful careful careful that that that we we we minimize minimize minimize the the the impact impact impact on on on the the the global global global market market market alongside alongside alongside the the the ban ban ban on on on oil oil oil comes comes comes a a a proposal proposal proposal to to to target target target high high high ranking ranking ranking military military military officers officers officers this this this sends sends sends another another another important important important signal signal signal to to to all all all perpetrators perpetrators perpetrators of of of the the the Kremlin Kremlin Kremlin we we we know know know who who who you you you are are are we we we will will will hold hold hold you you you accountable accountable accountable you're you're you're not not not getting getting getting away away away with with with this this this I'm I'm I'm Karen Karen Karen Thomas Thomas Thomas
WTOP
"european commission" Discussed on WTOP
"Morning I'm Stephanie gaines Bryant Matt small is our producer The top stories we're following this hour Russia attacks a train in eastern Ukraine with a missile strike on Friday and Ukrainian officials say at least 50 people were killed National security correspondent JJ green joined us with more on this situation and fighting in Ukraine There was no doubt who the targets were at this train station in crematorium The conflict are mostly vulnerable people older people women children So this is a very cowardly attack Yet another example after the massacres in butcher and in other places which are coming to light of the day which are being gradually discovered and reported on This is just another example of the inhuman behavior Peter Steiner was the lead spokesperson for the European Commission Russian state television is continuing tonight to talk about all of this as provocations saying this is why Russia's fighting in Ukraine because all these people who by the way were mostly Russian speaking people were targeted by Ukraine ignoring the fact that there's hard evidence that Russia's military did all of this National security correspondent JJ green CBS News special report a rocket hit a train station in eastern Ukraine as women and children were trying to escape the war Ukraine's president calls it a war crime at least 50 people died CBS Deborah Patterson Some evidence has come from intercepted intelligence by Germany They intercepted conversations between Russian soldiers and it seems that one of the things that's being stated there is that they are trying to terrorize towns so that people are fearful and don't put up much resistance The Pentagon John Kirby blames Russia for the attack and says the Russian army is now focused on the south and eastern Ukraine The Russians are going to be concentrating available combat power and they still have the vast majority of their combat power still available to them They're going to be concentrating that now in a more confined smaller.
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Keqiang China will meet a video video via video with a European council president Charles Michel and European Commission president Ursula von der leyen for the 23rd EU summit today Shanghai will lift most of the eastern lockdown today and has already begun the four day in the west China's search and rescue teams have completed their search of the site of the China eastern crash They say they've identified all of the victims China issues the shortest readout of the Politburo meeting since Xi Jinping became president Russian troops have pulled away from Chernobyl after radiation exposure the soldiers were digging trenches Russia says it's moving away from Kyiv but NATO's secretary general Jens Stoltenberg thinks not as a peace offering and some better news out of the south around America where about 630 people were able to be evacuated their reports some corridors also established elsewhere In San Francisco I met Baxter this is Bloomberg All right Juliet Thank you Ed Let's get back to John Woods Asia Pacific CIO at Credit Suisse on the line for us from Hong Kong So you were saying that some of the risk of sentiment that was exacerbated by Russia Ukraine could be abating What's your view then for U.S. equities as we head into the new quarter Well again it's important to point out that we headed into the year with a market weight or neutral position towards equities Julia And so when we saw this very sharp sell off towards the end of February beginning of March we took this as a tactical opportunity to go overweight and feeling a lot of the bad news that was appropriately priced in So right now we are overweight U.S. equities are sensitive that as I mentioned the geopolitical risks are broadly priced in And it's important to point out that the U.S. economy is above trend Earnings outlook is pretty strong Equity risk appetite is weakened we feel this confluence of essentially a bicarbonate start supported for equities into the second half of the year Yes John the $1 million question here is on the rate of change in terms of U.S. interest rates if the fed becomes super aggressive here because they feel that they've got to restore credibility Yes they are behind the curve but they're going to make up for it in a meaningful way Maybe we get two 50 basis points interest rate hikes back to back What does that do to your thesis Well I think it's very interesting that those two issues that you mentioned are very clearly reflecting volatility signatures both in the equity market and in the bond market I mean the vix is sort of at record low levels and the index is at record high levels And really I think that's we're seeing this bifurcation of risk assessment between equities and bonds Look I think if we got a sense that peak inflation was likely to happen either next quarter then the market I think would become a little more positive and optimistic towards the fed's interest rate policy So we have the fed hiking further 6 times this year for a combined total of a 175 basis points Plus another hundred basis points next year for a terminal rate of around 2.75 possibly even 3% and we think that's kind of adequate level of hiking relative to risks in the inflationary risks in the market particularly with this base effect kicking in in an expectation that inflation will moderate into the second half of the year One of the inflationary risks oil but we do have it holding now around a hundred with the U.S. planning this huge reserves release Do we see I guess more of a rebalancing in this market or in commodities in general in the next quarter I think so yes I think as I mentioned earlier releasing strategic reserves is positive short term effect But really we need to see the substantial increase in production And I think that will have a more meaningful effect on prices overall Again I think as supply chain disruptions repair as the global economy begins to accelerate again in the second half of the year notwithstanding the Ukraine Russian shock We are likely to see commodities moderate However for now and when I say now I mean this quarter and perhaps the next quarter I think commodities still represent a good geopolitical hedge that investors should explore as a way of protecting portfolios from clearly this uncertainty that exists in markets right now Yes it's not just elevated oil We've been talking about some of the other commodities like nickel like copper and expectations that we're going to continue to see a push higher here Are you concerned that some at some point we're going to see demand destruction as a result of these elevated commodities prices Well certainly commodity prices are ultimately self adjusting aren't they They're gay too high You do see demand destruction and then they start falling again I think we have this as we have some unique forces which are pushing up commodity prices right now Of course this is related to pandemic It's related to geopolitical risk in Europe And again I do have a feeling that these are essentially short term in nature and can resolve over the next two or three quarters ahead So I don't see these issues as being structural in and I do feel that.
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"We find Nancy Lyons for checkered latest world in national news saint ants Thanks Tim President Biden is visiting Poland's border with Ukraine and among his stops was a visit to a base barbershop where he spoke with U.S. troops Before leaving Brussels for Poland President Biden and European Commission president Ursula von der leyen announced a joint task force to reduce Europe's reliance on Russian energy This initiative focuses on two core issues one helping Europe reduces dependency on Russian gas as quickly as possible Secondly reducing Europe's demand for gas overall Biden says the U.S. has agreed to help provide Europe with an extra 15 billion m³ of liquefied natural gas this year Democratic lawmakers are working on legislation to provide funding for testing treating and vaccinating against COVID-19 and the GOP point person for negotiations is Republican senator Mitt Romney Democrats sent their latest proposal on how to offset the cost of a COVID-19 spending bill to senator Romney He says their quote making progress This after a $15.6 billion proposal fell through when House Democrats objected to a plan to use $7 billion in stimulus aid that would have otherwise gone to state and local governments House speaker Nancy Pelosi says negotiators have to figure out a way to offset the Bill to get the bill passed She also says the longer they take the costlier it will be In Washington I'm Amy Morris Bloomberg radio Supreme Court Justice clarence Thomas has been discharged from the hospital after a stay of nearly a week for flu like symptoms Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts.
WTOP
"european commission" Discussed on WTOP
"To plan to have Europe take in much more American natural gas helping Europe reduces dependency on Russian gas as quickly as possible Alongside the head of the European Commission President Biden said the changes would take years and come at a cost but they put the allies on a stronger strategic footing EC chief Ursula von der leyen We are right in on track now to diversify away from Russian gas and towards our friends and partners reliable and trustworthy suppliers Stephen portnoy CBS News Warsaw Next up for President Biden the Polish border CBS Wendy Gillette is there In the city of jesu 40 miles from the Ukrainian border a recreation center is now transformed into a collection center for donations from all over Europe Martona clock is volunteering Because I feel like I have to help people There are hundreds of boxes full of blankets diapers food and medical supplies Wendy Gillette CBS News jesu Poland In eastern Ukraine today Officials say four people were killed in a Russian shelling on a medical clinic that was being used to distribute humanitarian aid The government of Mario pole says 300 people died and last week's Russian air strike on a theater there that was serving as a bomb shelter There were children was written in giant letters outside A CBS News Washington Post investigation has uncovered text messages from Supreme Court Justice clarence Thomas wife to former president Trump's chief of staff urging Mark Meadows to take steps to overturn the 2020 election results CBS's Robert Costa Ginny Thomas.
AP News Radio
US, EU announce new partnership to undercut Russian energy
"The United states and the European Union have just announced a new partnership to reduce Europe's reliance on Russian energy president Biden before leaving Brussels announces a deal with the European Commission to increase the U. S. supplies of liquefied natural gas fifty one five fifteen billion cubic meters of liquefied natural gas LNG for Europe this year it's part of the effort to take away energy profits from Russia but also the catalyst will drive the investments we need to double down on our clean energy goals and accelerate progress toward a net zero emissions future helping Europe switch from fossil fuels to renewable energy sources I'm Jackie Quinn
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Street Good morning I'm John Tucker And I'm Nathan Hager we're just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this hour President Biden continues his trip in Europe this morning he is met with European Commission president Ursula von der leyen moments ago he announced an agreement to boost the supply of liquefied natural gas to European countries These steps will increase energy security economic security and national security And we're going to stand up a joint task force to implement these changes and drive progress that will be co chaired by representatives from The White House and the president of the European Union's team President Biden says the agreement dames to help Europe win itself from Russian fuel Moscow has been the main focus of the summit in Europe yesterday President Biden call for Rancho to be removed from the G 20 He also warned Vladimir Putin against using biological chemical or nuclear weapons in Ukraine Bloomberg's Maria tadeo has more from Brussels The symbolic nature of the strip was huge and yesterday we did get the show of unity the president of the United States summarized it very well He said when Vladimir Putin invaded Ukraine he was looking to create chaos and disarray in Europe the reality is at this point we're more united than we've ever been And that was echoed by the secretary general of NATO who said at this point where the strongest military alliance and the world have we stayed together we stick together we are going to be safe Bloomberg's Maria todayo reports Ukrainian president Vladimir zelensky is asking NATO for more weapons and tighter sanctions on Russia John there's more concern about China showing support for Russia Bloomberg news has learned EU officials suspect Beijing may supply semiconductors and other tech hardware to Moscow It would be part of an effort to soften the impact of sanctions Russia and China have denied any requests for aid were made or accepted And another story we're following this morning Nathan the mystery deepening of the crash of the China eastern airlines Boeing 7 37 at least one piece of the plane appears to have broken loose well before impact It was found about 6 miles away from the main wreckage area That is raising questions about the condition of the plane with a began a steep nosedive for nearly 30,000 feet a 132 people on board are presumed dead All right let's check the markets ahead of the Friday morning open The S&P futures right now are down four points Down futures down 24 NASDAQ futures are lower by 23 points The ten year treasury is up 5 30 seconds the yield 2.35% yield on the two year 2.14 Nymex screwed is down 2.4% or $2 73 cents at a $109 61 cents a barrel And comex gold is down two tenths percent or $4 40 cents at 1963 30 announced Straight ahead your latest vocal headlines and a check of sports This is Bloomberg He has 5 33 on Wall Street time to bring in Michael Barr with more on what else is going on in New York and around the world John thank you very much sir New York City unions are blasting mayor Eric Adams after he exempted athletes and performers including Brooklyn Nets star Kyrie Irving from the city's vaccine mandate This after about 1400 city workers were fired last month for failing to comply with the mandate Here a Nestlé head of the municipal labor committee said the city should offer a way for fired workers to get their jobs back Don't shut the door on them Not when they had to come to work When everybody was running out to the Hamptons and everybody's running upstate New York And the only people here with city workers Gary Nestlé head of the municipal labor committee However mayor Adams says his move will help struggling performers as well as those vendors and smaller businesses that rely on the city's entertainment economy We created an unfair.
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"Now the latest news from New York City and around the world here's Michael Barr Tom Lisa John NATO secretary general Jens Stoltenberg is joining the widespread condemnation of Russia's invasion of Ukraine calling it a brutal act of war It will be in Europe after the nation we saw today NATO's Jens Stoltenberg speaking in Brussels called for virtual summit of NATO leaders tomorrow to address the crisis European Commission president Ursula von der leyen We condemn this barbaric attack and the cynical arguments to justify it It is president Putin who is bringing war back to Europe And in these dark hours the European Union and its people stand by Ukraine and its people The underland also called for strong sanctions against Russia Russian president Putin announced the military operation in Ukraine while the UN Security Council was meeting in New York last night in an effort to broker peace U.S. ambassador to the UN Linda Thomas Greenfield called it a grave emergency As we are gathered in the council seeking peace Putin delivered a message of war in total disdain for the responsibility of this council Ambassador Thomas Greenfield says the U.S. would introduce a resolution in the console today President Biden says he will impose severe sanctions at the meeting with G 7 leaders later today Canada is lifting.
Daily Tech Headlines
"european commission" Discussed on Daily Tech Headlines
"The event will feature two tracks, one for mobile games, and another for cloud games and infrastructure, including Google stadia. Owners of ASUS store, network attached storage devices, report that an active deadbolt ransomware campaign is impacting devices, encrypting media and other stored content. ASUS Torres said it's investigating the attacks and disabled the mysa store dot com dynamic domain name service as a precaution. Netflix launched a test of its fast lapse feature on TV apps to users in the U.S., Canada, UK, Ireland, Australia, and New Zealand. The company launched the feature on mobile apps back in March, providing a short set of funny clips from across Netflix's catalog, users can add these to a watch list or start watching directly from the clip. Vivo's gaming focused sub brand IQ announced the IQ 9 and 9 pro. The pro offers a Snapdragon 8 gen one associate, up to 12 gigabytes of ram, and a 6.78 inch 1440 P 120 hertz oled display. The standard 9 uses the older Snapdragon 8 88 plus SOC and a smaller 1080p 120 hertz oled display. Both go on sale in India march 2nd, the 9 pro starting at 64,990 rupees. That's about 870 U.S. dollars, and the standard 9 starting at 42,990 rupees. Google began testing a new dark mode in search that uses completely black backgrounds rather than just dark gray with slightly bolder colors for links. The role does not appear specific to any OS, and some early testers report they've already lost access to the feature. And finally, the migration of Google Hangouts to Google chat began over two years ago. Now Google confirmed it will make chat the default app as of March 22nd for Google workspace customers. The web version of hangouts will continue to work, but mobile apps will be disabled. Users will also not be able to change the chat default back to hangouts. This won't impact personal use of hangouts. Remember.
Daily Tech Headlines
"european commission" Discussed on Daily Tech Headlines
"Headlines for Wednesday, February 23rd, 2022. I'm rich strap alino. The European Commission released a draft of the data act, which sets out rules for how companies can access non personal data. The proposed legislation would require cloud service providers to make migrating data to other services easier, prohibit contracts that inhibit sharing data with smaller companies and allow users to access data generated from connected devices. Meta owned Facebook is launching Facebook reels similar to the feature that launched on Instagram last year. Facebook has already encouraged users to cross post reels onto their Facebook feeds, but reels will now be a stand-alone feature on Facebook and whether 150 countries. Users can also share reels inside of stories and turn stories posts into reels. Facebook watch and Facebook groups can also host reels content and suggested reels will show up in some users feeds. The California superior court granted Waymo a preliminary injunction in a lawsuit against the California DMV, which will allow Waymo to keep autonomous driving trade tech secrets and emails with the agency redacted in public documents. The California DMV received a public records request four way most permit info, which went over redacted to protect those trade secrets. The requester challenged the redacted portions in court, leading to the lawsuit. Apple added a new Siri voice to the iOS 15.4 beta, bringing the total number of available voices up to 5. The company confirmed it was recorded by a member of the LGBTQ+ community with developer Steve Moser finding the voices filename referred to as Quinn. Bloomberg's Mark gurman sources say apple's regular spring announcement may happen on March 8th. These dates often change closer to the time Apple decides to actually announce them. Government believes Apple will announce at least one new Mac at the event. A little farther afield, DSCC, analyst Ross young, says apple is exploring an all screen foldable MacBook and might come up with a foldable phone in 2025..
AP News Radio
EU wants to allow natural gas, nuclear in green investment
"The the the the European European European European Union Union Union Union is is is is proposing proposing proposing proposing including including including including nuclear nuclear nuclear nuclear energy energy energy energy and and and and natural natural natural natural gas gas gas gas in in in in its its its its plans plans plans plans for for for for building building building building a a a a climate climate climate climate friendly friendly friendly friendly future future future future the the the the green green green green labelling labelling labelling labelling scheme scheme scheme scheme from from from from the the the the European European European European Commission Commission Commission Commission the the the the E. E. E. E. U.'s U.'s U.'s U.'s executive executive executive executive arm arm arm arm would would would would define define define define what what what what qualifies qualifies qualifies qualifies as as as as an an an an investment investment investment investment in in in in sustainable sustainable sustainable sustainable energy energy energy energy in in in in the the the the twenty twenty twenty twenty seven seven seven seven nation nation nation nation bloc bloc bloc bloc under under under under certain certain certain certain conditions conditions conditions conditions gas gas gas gas and and and and nuclear nuclear nuclear nuclear energy energy energy energy could could could could be be be be part part part part of of of of the the the the mix mix mix mix making making making making it it it it easier easier easier easier for for for for private private private private investors investors investors investors to to to to inject inject inject inject money money money money into into into into both both both both but but but but the the the the movie's movie's movie's movie's dividing dividing dividing dividing member member member member nations nations nations nations with with with with critics critics critics critics calling calling calling calling it it it it a a a a big big big big blow blow blow blow to to to to climate climate climate climate goals goals goals goals Greenpeace Greenpeace Greenpeace Greenpeace EU EU EU EU says says says says this this this this anti anti anti anti science science science science plan plan plan plan represents represents represents represents the the the the biggest biggest biggest biggest greenwashing greenwashing greenwashing greenwashing exercise exercise exercise exercise of of of of all all all all time time time time he he he he says says says says he he he he makes makes makes makes a a a a mockery mockery mockery mockery of of of of the the the the E. E. E. E. U.'s U.'s U.'s U.'s claims claims claims claims to to to to global global global global leadership leadership leadership leadership on on on on the the the the climate climate climate climate and and and and the the the the environment environment environment environment I'm I'm I'm I'm Charles Charles Charles Charles the the the the last last last last month month month month
AP News Radio
EU official: Omicron to be dominant variant by mid-January
"European European Commission Commission president president us us you you live live on on the the land land says says only only column column is is expected expected to to be be the the dominant dominant coronavirus coronavirus variant variant in in the the twenty twenty seven seven nation nation bloc bloc by by mid mid January January the the head head of of the the E. E. U.'s U.'s executive executive branch branch says says the the book book is is well well prepared prepared to to fight fight on on my my column column with with sixty sixty six six point point six six percent percent of of the the European European population population now now fully fully vaccinated vaccinated against against the the virus virus on on the the lay lay on on ads ads his his call call for for the the EU EU has has to to strengthen strengthen means means to to overcome overcome the the disease disease although although she's she's expressed expressed disappointment disappointment that that once once again again year year end end celebrations celebrations will will be be disturbed disturbed by by the the pandemic pandemic the the E. E. U.'s U.'s facing facing a a double double challenge challenge with with a a massive massive increase increase of of cases cases in in recent recent weeks weeks due due to to the the delta delta Verint Verint combined combined with with the the rise rise of of Omicron Omicron I'm I'm Charles Charles de de Ledesma Ledesma
AP News Radio
A weary pope urges Greek, Turkish Cypriots to heal division
"Pope pope Francis Francis urged urged Cyprus Cyprus to to welcome welcome migrants migrants and and heal heal the the Greek Greek and and Turkish Turkish divisions divisions that that have have lacerated lacerated the the country country for for more more than than a a century century Francis Francis made made the the appeal appeal as as he he arrived arrived in in the the ethnically ethnically divided divided separate separate capital capital at at the the start start of of a a five five day day visit visit that that will will also also take take him him to to Greece Greece prospects prospects for for unifying unifying the the island island have have rarely rarely been been as as bleak bleak as as they they are are now now after after Turkish Turkish Cypriots Cypriots demanded demanded recognition recognition of of a a separate separate state state before before peace peace can can be be discussed discussed the the island island nation nation has has seen seen a a spike spike in in migrant migrant arrivals arrivals this this year year it it is is formally formally asked asked the the European European Commission Commission to to let let it it stop stop processing processing asylum asylum claims claims altogether altogether I'm I'm Walter Walter Ratliff Ratliff
AP News Radio
EC president urges EU citizens to get vaccinated
"European Commission president Ursula von delay and has urged E. U. citizens to get vaccinated and he's promoting the use of booster shots as Europe is at the heart of the new coded nineteen infection way I'm delaying the says nations need to convince more people to get the shots given a quarter you adults are still not fully vaccinated vaccination against covered nineteen save thousands of lives in the European Union but a new wave is hitting us and we need to step up axing nation further the European Commission president also makes clear the importance of taking up the offer of a booster shot says give us an even higher level of protection than the original vaccination they will prevent many hospitalizations and death than the lane reminds citizens you should get the booster shot six months after the original vaccination I'm Charles the last month
Bloomberg Radio New York
"european commission" Discussed on Bloomberg Radio New York
"5 ten Now stack down 198 that is a drop of 1.3% Stocks down the most in a month treasury old spiking higher as a hot inflation rate in this morning royals financial markets S&P felt a session lows and afternoon trading after a 30 year treasury auction went off at a higher yield than expected S&P as I mentioned down 28 right now down 6 tenths of 1% benchmark ten year down 30 30 seconds with the yield of 1.55% spot gold up 7 tenths of 1% 1844 the ounce Bitcoin touching a record 68,000 even right now up four tenths of 1% West Texas intermediate crude down 3% 81 61 a barrel Again recapping stocks lower across the board first the out for rivian shares surging by 30.3% I'm Charlie pall up that David Weston is a Bloomberg business flash Thank you so much Charlie pellet This is balance of power coming from the Bloomberg interactive brokerage studio Google has been the subject of a long running challenge from the European Commission over allegations that it directs users to its own comparison shopping ads rather than to rivals It has now lost an appeal to the EU's general court and is considering its options at this point To explain the case and its potential importance we welcome now Adam cavaca vich He is founder and CEO of the chamber of progress A left of center tech industry policy coalition Mister is a former senior director for U.S. public policy at Google So thanks so much for being with us First of all explain this case It's been around for quite a while I know there was initial decision from the commission back in 2017 Yeah I think this case that's right It shows the kind of the gap between the U.S. antitrust law and European antitrust law This is actually very similar to an investigation that was done of Google when I was at the company in the U.S. by the Federal Trade Commission which really had to do with whether Google can show specialized search results shopping results local results the U.S. that will take commission looked at that decided that they really couldn't bring a case on that ground Europe chose the opposite path and force Google to make changes to how it presents shopping results really as a way of getting access to comparison shopping sites other comparison shopping sites they implemented this remedy It basically mandated access to Google shopping results by comparison shopping sites and Google had appealed to only now had reached the Europe the second highest court in Europe It may still go on to the highest court in Europe at Google appeals today's decision So they've been as I understand it correct me if I'm wrong living under this decision since 2017 they made whatever changes they needed to make to comply with what the commission was asking for Has it really hurt their business I don't know that's really hurt their business but I think it's I think there's a question of what kind of precedent it says Particularly for the reason that you have competitors in other spaces like Yelp in local search or booking dot com in travel who would like the same kind of case to be brought against Google in their vertical spaces And so far the European Commission hasn't done that The question at issue here was whether Google owes traffic to other websites can they design their search results in a way that may give consumers a quicker answer but which may disadvantage comparison shopping sites Again the U.S. regulators here said even if they're doing that that's still good for consumers to court in Europe said today actually we disagree under European competition law we think that this disadvantaging those comparison shopping sites was enough to justify this case One of the claims I believe was you shouldn't just look at us You should include in the market they're all in market Other people and as I understand it the court agreed with a commission that really Google has sort of monopoly over its own site Yeah that's right I think for.
WNYC 93.9 FM
"european commission" Discussed on WNYC 93.9 FM
"Level in order to reach any kind of objective by 2050 It's been green washed and it's been watered down by the fossil fuel industry and they're lobbying Absolute rubbish says the European Commission But lobbyists are a very familiar sight in the corridors of Brussels You can track some of their activities on the EU's transparency register Fuels Europe's shell type in the name and you can see just how much they spent on lobbying in Brussels in a year Just 5 oil and gas corporations and their lobby groups are estimated to have spent over a quarter of a €1 billion targeting EU decision makers over the last decade But at a climate demo this month in Brussels attended by tens of thousands we found the focus of people's ire was less the European Commission and more the individual EU member states I think the grim deal is a good step in the right direction The problem is there's many many EU member states who are still not really on boards with the ambition that we should have I think that member states are not aligned and what they want and what their priorities are And I do think that the EU is trying but they need to put their foot down a lot harder The tussle and E member states isn't over whether to change its over how fast and how much change will cost Fossil fuels remain key in Europe in powering heavy industries creating jobs providing tax revenues and heating homes and so.
AP News Radio
Sudan's military takes power in coup, arrests prime minister
"Sedans Medici has dissolved the country's transitional governments Alice off to troops arrested the acting prime minister after the early morning arrests of prime minister Abdullah Humm dog and other officials the head of the Medici channel up and felt that Britain announced on state TV that he was dissolving the government on the suffering council the council's a joint military and civilian body created four months off said longtime autocrat Amman but she is also to run the country current Q. tree condemnation from throughout the international community European Commission spokesperson WMS Riley said the European Union were worried about recent developments you is very concerned about Sudan's military forces reportedly putting prime minister hun dock under house arrest U. N. secretary general Antonio Guterres tweeted that must be full respect for the constitutional charter to protect the hard won political transition I'm Karen Thomas