35 Burst results for "finance minister"
Lebanon's entire government resigns amid anger over Beirut explosion
"A week after a massive explosion to. All parts of the Lebanese city of Beirut. Apart, the entire government has resigned the massive blast was caused whenever two thousand tons of ammonium nitrate which had been stored unsafely at the port for six years exploded killing over two hundred people injuring more than six thousand and leaving hundreds of thousands homeless over the weekend residents of Beirut demonstrated against the government calling for the removal of the entire political class due to their negligence and corruption. Joining us once again from Beirut is Layla Milana Allen Leyla when we spoke to you yesterday, five politicians had resigned so far. Tell us about the announcement made last night by the prime minister. So what we saw yesterday and the evening before session, all government ministers resigning. We also saw several NPR's goes well, Megyn went from protesters. Here we go one by one this many left to go. and. Then there was the resignation of the finance minister as he wasn't he just before that meeting that was supposed to in the afternoon that cabinet meeting in which prime minister the APP had said that he was going to a table a motion. To try and have the elections is at the State Petunia. So. How's it wasn't said that he would suspend his his resignation until off the meeting they went in and they spent two thousand not room. Getting. Rumors from quite early on in fact, the entire government was going to resign because there were two ways that this could happen. Either has MD could resign himself or if more than a third of his ministers resigned, that would make his cabinet untenable already looking at five. So essentially, just two more and they were already two minutes to said before they went through, they would resign if the government didn't as Walter a couple of hours they came out and those announcement saying that he would speak in the evening. And when he did speak, he came forward and he said. That they had tried their best to be transparent tried to Rama transparent government. She's January failed to impose some of the reforms that Lebanon. So desperately needed but endemic corruption in the government had made it impossible to do so had caused this tragedy. Now, of course, many people don't feel that's the case they feel that the government was not run transparently at all. Or none of the reforms that has promised January. Would be done in six months word done within six months, and of course we now know. That both the president and the prime. minister. WED Two thousand, seven, hundred and fifty tons of money not great was in the Port as worse excessive government none of them do anything about it. So the government's gone but is going to be a change in the system will the same sectarian politics driving the unrest still exist? Not at the moment now, sectarian politics is really driving some rest. There are a few elements here. Firstly, the the problem with the government system is not that it's impossible to run because the country says sectarian, it's the it's impossible to have a government which allows the country to not be sectarian young people on the streets is saying that's not what they want. They want to country that will come together and work together where people are elected based on their merit not based on what sector they come from but because the political system is original on these lines where each sect gets a certain number of seats innocent area firstly, it's impossible to have that kind of government that is responsible for the entire country doesn't have. Interest in certain places, and secondly, it means only a certain kind of person can be elected because there is such entrenched nepotism in politics and you need the money and connections to be able to run and succeed. So right now, what's going to happen is that as we saw late last year when Prime Minister I've had resigned, the current government will stay on in a Catholic capacity. There's not much they can do in that capacity they will meet rally and they will only be able to put in bills or emergency bills to keep the country going, of course, Lebanon ready needed proper legislation to come in and change things before this explosion now, really function of government. To get things moving the country who built and help people that's not going to happen under a caretaker government but the system is so complex in terms of trying to elect a new prime minister different block in Palm. As I say, these different sectarian blocks have to agree on the candidates and then he has to find a cabinet that pleases all of this -Tarian blocks each of whom will want their own cows come in that. Again, what we're going to see in the coming weeks is this political game. All aimed at making the right formation balance of people in power rob. Then a government trudy is just focused on what is best for the Lebanese people purchase street saying this is the same old system. Nothing's going to change a new election won't help us. Cabinet won't help us. We need a complete overhaul of its system which has dragging us down and letting the country move forward.
Germany to revamp financial oversight after Wirecard scandal
"Correspondent Jeremy House Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of an accounting scandal of payment systems provider wire card. The Munich based company filed for bankruptcy recently after otters could not find the counts in the Philippines that were supposed to contain 1.9 billion euros. The company's former CEO arrested and released on bail, while its former chief operating officer is on the run. Finance offices that wants to empower the country's financial
France calls US withdrawal from tech tax talks "provocation"
"Pentagon European countries are slamming the trump administration's withdrawal from negotiations on a major digital service tax on his finance minister has called it a provocation and has vowed to carry on with implementing the proposed tax designed to prevent tax avoidance measures by multinationals the publication that Prunella Matt was referring to was a letter from US treasury secretary Steven Mnuchin in which he told the finance ministers of France Spain Italy and the United Kingdom that he was suspending talks on the tax the countries have been discussing an international agreement on the way global taxes work but the US has said this particular tax unfairly singles out companies like Amazon and
Lufthansa and German government agree on $9.8 billion rescue package
"Germany is offering Lufthansa and nine point eight billion dollar bailout we get more from Bloomberg's mark mills the package involves an initial twenty percent government stake in Lufthansa the could rise in the event of a takeover the plan which requires European Union approval and will almost certainly be challenged by rival airline such as Ryanair give Germany an effective veto over company strategy German finance minister Olaf Scholz says the company's investment would be temporary and he stressed that the timing of the next it would depend on the pace of Lufthansa's economic
Coronavirus: Chancellor Rishi Sunak warns of 'significant recession'
"Britain's economy shrunk nearly six percent in March according to official numbers that point to an even bigger fall to calm way facing severe impact from the corona virus it is now yes very likely the the UK economy will face a significant recession this year and we are in the middle of that as we speak British finance minister rishi Sunak says Britain's economy shrank about two percent in the first quarter which includes only one week of coronavirus
"finance minister" Discussed on 860AM The Answer
"States but sure ventilation as Israel continues to battle the spread of the coronavirus the latest from the media lines Lawrence reckoned by shopping mall in the southern Israeli resort city of Eilat has come up with a novel idea to bring its revenues out of the novel coronavirus tailspin the so called ice small featuring a full size skating rink where in the summer it's usually no less than one hundred and ten degrees in the shade outside is offering free airline tickets for customers who fly in from Tel Aviv and drop a thousand shekels that's about two hundred and eighty five dollars a lot is the only place in Israel where the country's seventeen percent value added tax has been waived usually meaning that vacationers go home with luggage that a lot heavier the problem for the mall no vacationers the hotels are all closed I'm Lawrence Rifkin town hall news Jerusalem news and analysis at the media mind out Oregon town hall dot com it's something Saudi Arabia is not accustomed to belt tightening the oil rich kingdom has triple taxes on basic goods raising them to fifteen percent it's also now spending cuts of roughly twenty six billion dollars as it grapples with blows from the corona virus pandemic and super low crude prices the country's finance minister says that Saudi citizens will also lose a bonus cost of living allowance as part of the belt tightening measures H. Thomason reporting jihadists attacking three villages in western this year merits border with Mali killing at least twenty people the government staged the attack Saturday shooting at residents robbing shops and taking food.
Euro countries agree half trillion euros in support
"Marius Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is doctor Lee and president we never have reacted so quickly to a crisis has designed the deal agreed by all nineteen finance ministers did not however include more far reaching cooperation in the fullest said barring guaranteed by all member countries this issue was left open despite it being a key demand from its the Spain France and six other countries the idea however was rejected by Germany Austria and the Netherlands Centeno however remained optimistic that they have learned from past mistakes we can all remember their response to the financial crisis of the last decade when Nero the a little too late this time around is different I'm Karen Thomas
Eurozone countries strike emergency deal on coronavirus rescue
"A coronavirus emergency package for the European Union provisionally agreed late on Thursday has been hailed by the finance ministers who'd huddled over it having blocked Italian coals to issue corona bonds to shed debt love Schultz of Germany said the proposed deal showed Europe strengthen solidarity his Italian counterpart about two quantity Colton excellent results but said
Euro countries agree half trillion euros in support
"After two days of disagreement e finance ministers have reached a deal over a package of measures to support their economies which have been badly hit by the pandemic. The agreement comes after the Italian. Prime Minister Giuseppe County warned that the EU could fail as a project without decisive action. Mario's Tanno is chairman of the Euro Group of finance ministers. These response contains bold and ambitious proposals. That will that be unsinkable? Just a few weeks ago. We can't remember the response to the financial crisis of the last decade when Europe did too little too late. This time around is different so with five hundred billion euros in the package. Where will it go? Economics correspondent is under Walker. There are three safety. Nets Mr Santino. Called them that he has in mind. That need bolstering And they are for individuals people who become unemployed. They are for businesses that are struggling to get through the sudden loss of revenue that they have in there he had in particular in mind small and medium size enterprises and then finally there is an element in this prevent this package for individual EU member states. Money that will be used to lend to them to help them Pay specifically for all their direct and indirect healthcare costs associated with dealing with the new corroded arse corona bond idea. It didn't get a great as I think we we rather expected. This is an idea that under which euro-zone countries would borrow joint K. On the financial markets they would be jointly responsible for ensuring that the money was repaid. It was quite an attractive as there are clearly some countries that are to some countries because they some of them are in financial under financial stress. And they're going to Countries like Italy are going to have a particularly large healthcare and wider economic. But as a result of what's been happening in In terms of the virus but countries where had come and finances are already rather strong do have their own domestic political difficulties with an arrangement that would see them. Having to take joint responsibility for repaying debts partly raised to cover the finances of countries who are sometimes seen as managing their fantasies less effectively own. How does this? How does what has been agreed today? Compared to previous you rescue packages one. Pretty quick isn't it with the The hero on financial crisis. It took the M- I would say significantly longer this time I suppose that there's no element of blaming anybody for bringing this healthcare crisis upon the EU. It's an genuinely is an external shock with the euro zone crisis. There was some strong cases for saying that at least in some cases it reflected policy mistakes by euro-zone governments. So that's an important difference And I suppose there is also the fact that this is also directed not more widely if you like. It's not just about shoring. Up Government finances. It's also about providing specific assistance to individuals and businesses as well
Cardinal Pell welcomes court's dismissal of abuse conviction
"In his first public statement since he was convicted in December twenty eighteen bill says I've consistently maintain my innocence while suffering from a serious injustice he also said he holds no ill will towards his accuser a former choirboy whose testimony was at the core of the prosecution pope Francis former finance minister had been the most senior Catholic found guilty of sexually abusing children and spent thirteen months in prison before seven High Court judges unanimously dismissed his convictions I'm Charles collect as much
Australia court dismisses child sex charges for Vatican ex-treasurer
"A court in Australia has dismissed convictions against cardinal George Pell the most senior Catholic found guilty of child sex abuse tell her appeal that a panel of seven judges decided it is favor pope Francis former finance minister was convicted in twenty eighteen of sexually abusing two thirteen year old choir boys in the back room of St Patrick's cathedral in Melbourne wait while he was the city's arch bishop the father of one of the two choirboys says he's in utter disbelief that the convictions have been
G-7 foreign ministers spar over coronavirus pandemic name
"I'm Anthony Davis Foreign ministers from the Group of Seven leading. Industrialized democracies sparred yesterday over whether to call out China as the source of the Corona Virus. Pandemic meeting by video conference because of the outbreak ministers agreed on the need for joint efforts to halt the spread of the novel. Corona virus which causes a disease being called Kovic nineteen but US and European diplomats. Say the ministers were unable to agree on Secretary of State. Mike POMPEO's coal for the virus to be identified by name as the Wuhan Virus as a result just today off g seven finance ministers and central bankers issued a joint communique referring to the Kovic nineteen virus the foreign ministers opted against releasing a group statement. European officials said Pompeo had insisted on identifying the Kovic nineteen virus as the Wuhan virus even though the World Health Organization and others have cautioned against giving it to geographic name because of its global nature in recent weeks. Pompeo has stepped up his use of Wuhan virus accusing China of putting the world at risk by not revealing more details about the outbreak which was first reported in the city of Wuhan in December with the first confirmed use case on the nineteenth of
German lawmakers to vote on economic aid package
"Germany's parliament is approving an enormous package drawn up by the government to cushion the economic impact of the corona virus outbreak no only because a building on a series of measures that will allow the government to offer aid totaling more than one point one trillion dollars parliament's approval is needed to loosen legal limits on running up debt the government wanting to break with six years of balanced budgets to borrow what finance minister Olaf Scholz cools a gigantic sum to finance a wide range of packages and to call the unexpected shortfall in tax revenue Schultz who is Germany's vice chancellor presented the package in place of chancellor Angela Merkel who is in quarantine what is not tested negative for the coronavirus I'm Charles de Ledesma
German Chancellor Merkel in quarantine as recession looms
"Of me wanted Germany's chancellor Angela Merkel has tightened restrictions on movement that in order to contain the spread of coronavirus predicts big again and says this comes as Merkel herself is in quarantine at home for at least two weeks more than two individuals took not to be allowed to meet up in a group restaurant and hairdressers have to be closed minutes after the announcement America currently to self at home because she was in contact with a doctor who was tested positive in Billund Bergen on Bloomberg daybreak Europe now and according to the finance minister Olaf Scholz Germany may borrow as much as three hundred fifty billion euros to help stem the economic fallout of the pandemic the ministry reportedly estimates that Germany's economy will shrink by five percent
Acclaimed 'Beasts of No Nation' Author, Uzodinma Iweala, on Science, Power, and Race
"Living on the time of the Cova epidemic or corona virus. I just read something that made me laugh because someone said something like the Covet Nineteen virus which came out of China's an intelligent. It's not like he bowl which is rather dumb virus now. Obviously bullet comes out of the continent of Africa just like just think about that framework and that construct and what has been printed in a major magazine virus from Africa dumb virus virus from China. Smart virus you know. I say this about the corona virus like virus had emerged in the Netherlands. Just think about the way it would have been reported from the outset. Think about what would have happened. If it had merged in on the continent of Africa and the American President Donald Trump has been gratuitously coaling sods cove to the virus behind the current covet non epidemic the Chinese virus. Let's be clear your respective of what species and what place a virus might have been forced to take the dean pandemics. Have NO ETHNICITY. Science tells us that medical history tells us that but as we're about to explore xenophobic conclusions drawn from scientific observations can have an enormous impact on the course of history and on people's lives while is a novelist. He's a doctor a filmmaker and a whole lot more in his early twenty while still in college studying literature. He wrote the critically acclaimed novel baseds of Nine Nation which tells the extraordinary story of a child soldier. A little boy recruited given again and sent to wage a war in two thousand fifteen. That book was turned into a film. Don't like really look into my eyes since my nose picking is because I can't be explaining myself and leaving a damn not like be I am leg. Oldman try to talk to me about movies variances. I saw this an idea there would is. It would seem that some sort of this on Devon all this. I also having us I was really lucky to have the opportunity to write that novel diving. Into the stories of child. Soldiers around the world but mostly specifically in countries like Sierra Leone and Liberia which had just kind of come out of their own internal conflicts at the time and then of course going back and talking with relatives. My parents my grandparents aunts and uncles great aunts and uncles about their time during the Nigerian civil war from nineteen sixty six really sixty seven three thousand nine hundred seventy and trying to understand not just what it's like to experience that kind of turmoil from the perspective of a child but also what. It's like to have everything that you thought. You knew that you understood blown open tournament and and unfortunately that's an all too common and all to universal subject after painting beasts of no nation Dima went on to train as a doctor right more books including speak no evil and Al kind of people. He worked for a time as well in health policy in Africa and today he's of the Africa Center in New York City. A storm speak at last year's will conference of Science. Journalists Center. Really wanted you to have the opportunity to he him too. So he joins us from the radio art studios in the heart of New York. You had such an interesting childhood. Born in Washington to Nigerian parents mother a former finance minister of Nigeria. And growing up. I get the sense that you very much spent time on on both continents and I'm curious to know. Have that shaped your sense of self as a as a boy and a young adult. My parents took it upon themselves to make sure that we could always get back to Nigeria. That this was to be so much a part of who we were growing up and it really did actually provide us with a really interesting way of seeing the world. You're not from one place near not from another place. You're from both places. It's kind of a glorious thing to be able to grow up knowing that there are multiple perspectives on everything in the world. What someone sees for example in the village that my grandparents grew up in is necessarily going to be from what somebody sees in suburban Washington? Dc things might be a little bit more difficult in Nigeria. But at the same time everybody is still living. I think that's something that a lot of people who only grow up saying in industrialized if we WANNA use that term or you know United States type or western context don't have and therefore very afraid of the wider world beyond. We just grew up not being afraid because of exposure and I think that's so important. Oh that's such a potent comment about FIA holding back so much dialogue and possibility in the world. Why a medical degree trying to be a doctor? Why did you save that time in your life as a part of any decision? I think there are multiple reasons for why you do something and not all of them are the most. I will freely admit that I did medicine because my dad's a doctor and you can kind of see okay. This is what a doctor does. You see the stethoscope. You see the medicines. It's already very concrete. You know in the little kids mind and as as the kid of African immigrants. There's this thing where you do. The practical like you become a doctor. You become a lawyer and then you think that the way that you have impact is through those practical professions. I think of course. There's this idea that doctors save people and that you can have a profound impact on on a person's life and so you know with all of that. It seemed like a natural choice. I think it became clear to me that one of the things that was missing was for me in full form. Was that creative output that flow and that ability to render the world as I saw an as sort of my talent allowed me to and I think one person can have an impact in multiple ways. Interestingly in many ways you work and your books have connected with how history in politics and in Dade Science and medicine in Western societies read and interpret and Judge View African bodies. If we think of the base of nomination also your your book. Our kind of people sharing stories from people living with HIV is in in Nigeria. That lenses interested you. It strikes me in house and I. I think you can't grow up in a black body and you can't occupy the space as an African person. Occupies space in this world is offering person or as a black person without thinking about the gains that is upon you because in in many ways that gains does and has adversely affected the lives that we all live both again in a very individual way and also on the macro level and so understanding. How black bodies move through space are interpreted? I think is something that's really important to me. And I say that not just from the Games of the other but also from the the way that we look at ourselves and this is where you presented last year at the World Conference of Science Journalists in Europe and gave extraordinary address on racism at the heart of modern science and medicine. What did you want that audience of journalists and scientists and? I was one of them in that room to think about to interrogate. I think oftentimes we just assume that the structures we operate within our for one solid and somehow especially when it comes to signs that they're they're vetted and true and one of the things that became increasingly clear to me. As I wrote the book I wrote on HIV AIDS was just how much quote unquote scientific. Ideas were grounded in people's biases and prejudices about black bodies and how that impacted the quote unquote science or signs. At least that initially was dedicated to trying to stop the epidemic and in some cases may have done more harm than good. Initially I think back to a lot of the articles that when I was writing my book I read about HIV AIDS academic articles about sort of the linking of the spread of HIV AIDS and promiscuity. And the idea that Africans were having sex like monkeys where promiscuous like monkeys like which came up in published scientific papers and then is it makes its way into the journalistic mainstream this idea of like African promiscuity as it relates to the spread of this disease you know things about like Africanness and and being unable to quote unquote keep the time why early. Hiv treatments which required like large. Regimens of pills like wouldn't work for people. And that was you know story that made it into major publications impacted policy that impacted the way the epidemic was dealt with you know these are things that are important and people need to be responsible for the way these stories are told and need to think about the frameworks in which the stories are
There's only so much the Fed can do
"The last time we heard from the Federal Reserve about interest rates between official meetings was October of two thousand eight the collapse of Lehman Brothers was still fresh the hazards of the financial crisis. Perhaps just then really becoming clear and let me be clear here for a second. This is not that markets are functioning. There is no credit crisis. There is plenty of liquidity. But there's also plenty of uncertainty about what the NAVA Corona virus might mean for the global economy. And so this morning for the first time in eleven something years the Federal Reserve cut rates between meetings because said chair Jay Powell. They saw a risk to the global economy and chose to act but PAL added. We do recognize that a rate cut will not reduce the rate of infection. It won't fix a broken supply chain. We get that. We don't think we have all the answers K. But we do believe that our action will provide a meaningful boost to the economy by more specifically it will support accommodative financial conditions and avoid a tightening of financial conditions. Financial conditions are things like stock indexes and bond yields of the value of the dollar. All of which Powell in the federal hoping and it will help boost household and business confidence with the caveat that it's early yet not a whole lot of market confidence was boosted today. Details at the usual spots in this program. But there is a slice of this morning's events that are worth couple of minutes here because before the Fed made its announcement. The Group of Seven finance ministers and central bankers came out with honestly a pretty bland statement. We're keeping an eye on things in essence is what they said so with that background. How then did the Fed go about making the decision to cut? And how audit be red that we call Daniel Torello. He was on the FEDS Board of Governors for eight years. Got There just after that. Two Thousand and eight cut we started with. He teaches now at Harvard. Law Mr Trillo. Welcome back to the program Sir. Good to be with you. Kai with the caveat as I said that you're not there When the Fed made its two thousand eight cut. Could you give me some insight into the mood in the room? Or the mood. I suppose on the conference call when the Fed makes decisions on the precipice of a crisis. So I suspect first off that a lot of preliminary discussions were held last week in advance of Chair. Powell's statement on Friday so I would expect that. This was a relatively brief meeting wedged between that g seven call and the announcement by the Fed in the late morning the mood was probably a fairly somber one and I again. I suspect without knowing that they didn't do anything close to a full go. Round with lots of analysis by all the members and remember the Reserve Bank presidents would would almost all if not all have been participating by video. Conference right Okay so so. The personal subjective question. Were you surprised when you when you read about this? I was a little surprised. A ASSUME THAT. In retrospect that what happened was when they set the G. Seven call. They figured that they were gonNA move. Regardless of what the g seven did. I was more surprised by the outcome of the g seven. Call which was about as little as you could have had such call the well the the markets sorry. Turner up the Marxist. This morning did not care for that. G seven call at all right because the G. seven basically said Yeah. We're watching right. Exactly and and expectations are obviously raised. And so I assume that the Fed intended to do what it did regardless of how that call came out But it probably did take at least a little. Bit of what positives they were looking for a way from the from their own move. Yeah so speaking of the positives they were looking for. They did not get any At at you know so far anyway Out of the market today Reading the tea leaves for me that would Ya. I mean clearly. It looks like people are worried that the Fed knows more than the rest of us. Know there does seem to be a little bit of. I'm just reading the market reaction the way you are but there does seem to be a little bit of that reaction mean to me the questions since in the last couple of weeks since people have been actively talking about this have been a couple one. How much and how does a rate cut at this moment? Actually help given the supply chain issues that the chair referred to and secondly to the degree. That one's munition is limited. Is it wiser to keep most of it to deal with the actual fallout when viruses receded? And you're fighting recession or is it better to kind of preemptively act now in an effort both to signal the markets and also perhaps trying to lay some foam on the runway last thing. And then I'll let you go to words fiscal policy. There is a whole nother apparatus of government that can affect the economy. It's Congress and the White House and taxing and spending. How concerned are you that we haven't seen anything from them yet? Well I mean this is kind of the story of twenty twenty in America right that that the political branches seemed to have more difficulty responding. And I I noticed the Secretary. Mnuchin said he's he's interested in working with Congress but it does seem as though everything is moving awfully slowly. Daniel Tarullo for Eight years a little bit more than that. Actually member of the Board of Governors of the Federal Reserve Bank of the United States now professor at the law
G7 urges oil exporters to boost output
"Stocks in a rebound after the world's largest economies agree to work together to combat the spread of the corona virus all the major indexes up two and a half to three percent the Dow up seven hundred and fifty two points the nasdaq up to twenty five the S. and P. with a gain of seventy nine the rally gained steam after news that G. seven finance ministers and central bankers will hold a teleconference tomorrow to discuss how to respond to the outbreak and monetary policy makers from Japan to England joining the federal reserve in promising to support their economies oil is rallying on expectations of more output
U.S., global markets plunge as coronavirus cases spike outside China
"Monday February twenty fourth market fully. I'm Chris Sale with me in studio today and I'm just going to point out that this was planned last week. It's not because of what's happening in the market. But that just you know. It's convenient healthcare expert Shannon Jones. Thanks for being here. Hey glad to be here in talk about impeccable timing this plan this any better we could not because as of this moment the S. and p. Five hundred is down about three percent so the Dow Jones Industrial Average as I've said before don't blame the headline writers. Don't blame them. Because it's a lot sexier to say. The Dow is down nine hundred points than it is to say. The Dow was down three percent. But when you walked in this morning and you saw the headlines about the corona virus and the impact it was going to have on the market. What went through your mind. I had a mixed reaction Chris on the one hand. I'm not surprised at some of the headlines. We're seeing so for those who may be unaware. We did see a spike. We actually saw New outbreaks happening new country to talk about South Korea. Italy now Iran even And so I think on one hand surprised but also not surprised because we see this every several years or some outbreak. It's hard to contain. I think though Chris Coming into work today though if I look over the past couple of weeks there was kind of a sense that maybe this is contained just in China. Seems like they have a handle on it but really this weekend. I think you really started to see things change in a lot faster than what we were expecting. So a couple of things going through my mind. One is to my recollection. This is sort of the second spike we've seen in cases The I was localized in China. The second is you said is is these new cases in new countries and the impact on stocks that it's having and not surprisingly you look at the cruise industry and Royal Caribbean region crews carnival. They're all hitting fresh fifty two week lows. That's really shouldn't surprise anyone and I want to get to in a minute. Sort of the the amount of time we think it will take four different industries to rebound but as you said I mean the the new cases I think just to pick. France is one example. The the finance minister from France. Coming out and saying that there's a thirty five percent drop in tourists. And that's the impact that Francis seeing France is a country of sixty seven million people. They have I believe to this point. Only twelve cases reported only one death and yet that alone is enough to see that kind of significant drop and we talk all the time about temperament in investing but just temperament in our everyday lives is human beings. It's like yeah. We're we're emotional beings and so we're not going on that cruise. We'RE NOT GOING TO FRANCE. And that's that's going to have an impact unless you're Warren Buffet. Who WAS ON CNBC TODAY? Really talking about his shareholder letter but talked about the corona virus and of course in true Warren Buffett fashion. I mean he came out and said you know don't invest based on today's headlines of course he's always going to be called a matter what the crisis is and so yeah. I think I think there is. Of course more panic I see happening right now in the markets and I'm not surprised by it and I think even from a humanitarian perspective I mean this is a deadly outbreak that is spreading does not appear to be contained. So I think the kids like to say Chris. This one hits a little bit differently than some of the other outbreaks. I'm thinking of SARS Back in two thousand to two thousand and three I'm thinking of Zieger virus back in two thousand sixteen. I'm an even Ebola. This one just has a lot more uncertainty with it number one because we really still don't know a whole lot about this virus we know it's in a class viruses. I think it's the fifth type of Corona virus that the population But I mean when you're talking about Symptoms. There's some talk even that some people may be asymmetric meaning they show no symptoms. But they're contagious. And that's scary right like if I'm if I'm just a human being that that's scary because now I don't really know how to to wrap my head around it but one interesting thing that I think For me as I look at the situation that makes me a little bit more concerned now with this kind of second wave is if you look at Iran Iran really hasn't had a huge spike in cases. But what you have seen is the rate of death actually go up faster than the rate of infections. And that's interesting Chris because people typically don't die immediately from Corona virus. It takes weeks so the fact that now of setting they have Maybe about eight or nine deaths as of this recording. That's actually going quite faster than the infection rate tells me these are people that were probably sick and didn't even realize they had the corona virus and there was no type of containment so there's probably some under reporting just on the infection side alone in an area like that and of course you know there's a lot of speculation you know is the government they are even able to contain it so. I think I think it's just different this time around than with some of the others
G20 finance heads wrap up meeting overshadowed by virus outbreak
"The guardians of the world economy are convening amid mounting fears that the corona virus outbreak poses a greater threat to global growth than was first thought finance ministers and central bankers from the group of twenty nations began meetings today in the Saudi capital of Riyadh for the first time since the virus forced much of China to be quarantined and then began to
"finance minister" Discussed on Le Show
"The Bank has come under scrutiny in multiple jurisdictions for its involvement with one MD, US, prosecutors charged two former bankers from Goldman Malaysia filed criminal charges against the firm itself. Malaysian finance minister. Lim Guan hang said in January countries, seeking seven and a half billion from Goldman and called on the Bank to quote. Have a heart unquote. Maybe he's just not up on the firm's history. The simpler who can't get. Forward. Gut the most between the. Said Mr. Saxon. And find new ways to profit off trade, new spring. Clevedon sex. Our former chief treasury. Do things. Head guy. Goldman. Thank you. Facts little system is showing some. Mister gold. Back to. Go. Comfy. With your sex. And. Mr. Presto, Mr. sacks. Bank will be. The of tax. Mister gold. Mr. Bye. Ooh. Mr. His rival. A tax. Direct from the virtual training floor of Corey amalgam, Oliva. This is mind. Your own business. The pulse of the economic and.
"finance minister" Discussed on African Tech Roundup
"The spice off think the the infrastructure play is is kind of a fundamental building block in in kinda this next generation that we keep talking about secons got competition. Absolutely. But you know, competitions. Good competition is good. And I think for us is you know, when we look at what is the next generation of the investments that we gonna make. I think you know, whilst we'll still obviously continue to invest in the, and that's the fundamental of the business in the mandates that that we have. I think you're going to see a lot more. Exposure in terms of the waters their infrastructure in able and how do we play a part in accelerating? The delivery of that I see I see sort of Luanda story going the way off what's happened in Marseilles in France with regards to the business potential that infrastructure like this continue to a city cannot familiar with a beautiful city, by the way got to visit and a recently. And definitely, you know, quite interesting to see how again as you say infrastructure makes a massive difference. So well done to young Gola would love to see what changes this is gonna Asha influenza for the region, but country certainly in the rest of us, nearby, Zambia central Bank has warned residents against trading cryptocurrencies in that country. Well, they joining a long list of countries on the continent that that have made some of the warnings Kenya. Of course, quite notably Nigeria, of course, you know, sciatica quite interestingly Swaziland actually renamed now. What they need more properly a believe have more favorable stances towards cryptocurrencies, which I think which I think is a good thing. If you guys will Reserve Bank governors or Reserve Bank deputies or even finance ministers with DVD's in pick any one of the larger countries on our continent. Some of the big economies, maybe feel Pia Nigeria South Africa. You know, what would you add it should be? What's the most constructive standpoint to have around this because they are very real risks? We know that the digital assets debase one will unpack in a future in a future series. You know, the notion of digital assets is now being made synonymous with crypto currency, which again is also synonymous with just a wide range of very problematic everything from very problematic to quite constructive in and Kevin all lumped into one thing. And of course, if you're if you're a regulator, you look at this, and you go if you as Ambi if you're as Ambien is central Bank official you go don't do it. But what would you guys do every time? I'm on the show. You ask about crypto every time. I say don't. Thank you. Because I think that's actually part of the answer. Is you know, what would I would look at fissile lemme caveat? This nothing is zero likelihood I'll ever be a finance minister anything. My vices. You know, we all must be is understand it. You know, people are scared of stuff that aren't get. And she'll always in kind of your shoes, you know, Uruguay. And is you know, people were saying to me you invested in bitcoin. I'm like a coin investing stuff at understand, and and that kind of a little bit like you don't have some lying around somewhere. So that was twelve months ago that was stolen Tsegaye when the process point have you joined a gang. You will have to if you invested lost year. Exactly, I think for me is is you know, almost take a step back from from the cryptos themselves. But the fact of the matter is blockchain is here to stay. And and I think the sooner that regulators with IB financial markets, or whatever the case may be is the sooner they accept that. And understand that the bidder. So, you know, blockchain is is a is a great nabbing tool to great security, particularly Saab security tool at cryptos radio just derivative were function. They're off, you know, from a regular to irregular treat perspective, it is difficult because there is a lot of anonymity on on the back of it. There's also misplaced desire to capture venue in ways that unhealthy to again, the notion of just doing business in the way business should be done, which is van Hewlett yet. Which has yet? And I think that might be if I was a finance minister or a Reserve Bank of and my concern that there's a reframing of value assignments value capture and vet in the trade event..
"finance minister" Discussed on FT Banking Weekly
"The finance minister who now is the president of the Bundestag, the government and defines ministry didn't really care a lot about big banks. The relationship turned really sour after the financial crisis and the plant was more fund of small regional banks at the Sparkassen and the cooperative things in Germany who have large chunk of the market, but don't tear global role. This is all changed, partly as I said, as a result of the competitive attraction of bringing more banking business to Frankfort post Brexit. But I guess also maybe a reflection of concern about some of the big banks looking weak and needing support thinking, particularly obviously of Deutsche Bank. But comets Bank is also hardly thriving these days. Yes, weakness of torture Bank, end of Commerce Bank who both have lost significant in market capitalization this year, both among the worst performance of the German stock. Market has really raised concern in Berlin officials. We talked to in Berlin and senior positions point out that the combined market cap of torture and comet these days at about thirty billion euros is at par of sociation. Raw was one of the small listed fringe bangs. And this weakness is seen by the find minister rea- problem because all shorts, things, Germany needs big banks, which are globally competitive globally successful and last week in Frankfurt or short said, strong banks are question of national sovereignty when he called for revival of active industrial policies which has ended supporting bangs. So at least the tone has markedly changed in Berlin. The actual action is not as visible so far, the government, the coalition committed to make Frankfurt in Germany, more attractive as a financial hub, and they promised to lose in Germany's tied hiring and firing loss for bankers to make it easier to fire on pay bankers, which many described as a key competitive obstacles of Frankford competitive locations trying to bend after Brexit so far. This hasn't put into law, but clearly a different tone. This being an interesting appointment into government as well hasn't had the deputy finance minister has been drawn from Goldman Sachs, and I think you spoke to him recently. Yes, the deputy finds ministered. Your cookies used to be the co, chairman of Goldman Sachs in Germany. Interestingly enough, he's also a longtime member of the social Democratic Party and was quite active in his young days in the youth organization of the party would. Traditionally more left leaning than the kind of more mature party. So he has a political pedigree DAL. He hasn't been very active in politics during his career at Goldman Sachs, but he is one who has obviously a very deep understanding of the financial market and the important of banks for the wide icon Amee and.
"finance minister" Discussed on The Economist Radio
"Finance minister of Louis. The fourteenth of France famously compared the ought of raising tax to plucking the goose. So as to obtain the largest possible amount of feathers with the smallest possible amount of hissing yet in most countries, the art of plucking failed the ways wealth accumulates changing so governments missing opportunities for fair taxes. All countries should tanks both property and inheritance more. These taxes are unpopular, but mostly efficient to stop companies. Shifting prophets. Governments should switch their focus from firms. To investors, profits, ultimately flow to shareholders as dividends and buybacks. But few people are likely to emigrate to avoid taxes on their investment income. Apple can move intellectual property to island, but it cannot put it shelled as their fundamental tax reform can boost growth and make societies more equal as the labor market continues to polarize between Haiyan us and everyone else. Income taxes should be low or negative for the lowest earners. The difficulty is getting policymakers to knuckle down to this unglamorous. Task politicians, rarely consider the purpose and scope of taxation. When they do change tanks codes, they Clemson bolt on new levies and snap off old ones. All in a rush, the good headlines rewriting the codes means winning over skeptical voters and defying repay shis special interests. It is hard work, but the prize is will worth the fight to find out more about how to make taxes work for both taxpayers and. Governments read the briefing in this.
"finance minister" Discussed on Talking Politics
"It's a truly strong statement to makes it also implies the markets this over and it was implies that within the european treaties it's incompatible with european law to have their eurosceptic finance minister now that's absolutely not the case but that's the president that's being set it so he's reasoning towards the end of the speech was that having savona as finance minister would have meant exiting the euro which would have been a major political change was not debated in the electric campaign so the idea that i'm going to protect the constitution by making sure that this massive political changes political economic changes for the country are voted on by just just before i bring home and this is something i really don't get which is a he's the finance minister he can't decide tax the euro right i mean it's i didn't know what the process would be which would exit the euro but it's not just at the site of the finance minister i mean there is a prime minister is picante there these two leaders of these two parties there is a parliament there was a senate i mean governments contain all sorts of people who have quite out there us they didn't get to act on them and arguably it's not the fact that you have a eurosceptic finance minister that decide whether the government is going to plan going out of of the euro right we there without savona if the government wants to exit the euro is going to happen it's not the person that i think the point of view of material in this is that the insistence of the two parties on nominating is person for the finance ministry to him signified intent will that desire i should say to leave the euro and i think the fact that they were not willing to compromise on that he would as saying the two parties at didn't campaign exp.
"finance minister" Discussed on Bloomberg Radio New York
"The top headlines with daybreak editor nick gentle who is live for us from singapore this morning nick let's kick it off with that trade then we were just talking about china president trump also facing pre harsh language from d seven finance ministers over the weekend what are their complaints pretty pretty clear there's a pretty big rift growing within the g seven was pretty acrimonious three demeaning i believe the state mnuchin probably burning eastbound tommy left we had the french in finance minister saying that it was more like a g six plus one of the us sort of stance on trade by seeing these a lot of these new measures on on what they believe spurious national security grounds has got a lot of them off side and we had bill monae the canadian finance minister who was chairing the meeting basically calling for a united front the g seven works a lot better on not just tried but security and growth in general if the united on a lot of these things are quite a lot of disappointment coming out of the finance ministers meeting we have the latest meeting later this week in quebec donald trump should be there what kind of progress can be made before then the french finance minister was not particularly optimistic looks like it could be the maybe it was the last meeting for pier carlo pat on out of italy frankly i was a little bit surprised that he even made it to whistler but he did attend the meeting italy's got a its own its own set of problems doesn't mean it's we're looking at even some no confidence votes maybe this week well we've got to get the confidence vote to get to the night confidence yes first of all obviously i i need to the populace may to get parliament's approval to go ahead and form a government and then they can start work on getting the policies through we had luigi demeo mayor over the weekend vowing that one of the first things he's going to do is bringing this universal income for the poor that'd be the top of his legislative agenda that's unfunded at the moment so we'll see where the money's coming from that and it's as the money the money bills come through i think that's where people are saying some rifts roy could arise george soros in a local newspaper commenting over the weekend that yeah you know basically we could see new elections by the end of the.
"finance minister" Discussed on WNYC 93.9 FM
"Legislation and he wrote a quiet test letter to the finance minister and said there was a lack of seriousness about collecting revenue in ugandan so he suggested this social media tax i one of the reasons why there is a huge problem for uganda at the moment is that the national debt has been growing is troubled just in the last three years now this is money that has been used to build roads and other infrastructure and so the government is really under pressure to try and raise more money so that you can pay off this debt and then also provide basic services like education held which the ready struggling to do what of free speech concerns clearly the world of social media is one where people are free to a large extent to say almost what they want not always in a positive way but if they have to pay to do that are people concerned on that level one of the things that the present talks about in this letter the finance minister is that he said the internet as a whole is a good idea the sorts of library where you can go onto your research and study but then he had a problem with social media and he says this is a place where people go to gossip and he described gossipers opinions prejudices insults and friendly chats and he says there are lots of consequences for the country as a result of these conversations and so we need to raise revenue to be able to deal with these consequences hitting quite spill out what those causes acquaintances are but some ugandans are seeing this as a step to fringe upon the freedom of expression and just at the last elections in two thousand sixteen social media was shut down because the government said it was used to spread fake news and lies that would cause insecurity and just that points about the cost of ugandans by daily data bundles these can be about fifty cents let's say sophie using if you're charging people five cents of that as a tax they're also people who would not be able to buy as much data was often as they would like kathryn bureau hanger he's our correspondent in kampala uganda victoria wonder what your take is on on that is that something that for example you could imagine ever being considered in kenya i would hope not but.
"finance minister" Discussed on KSFO-AM
"Finance minister that had written a paper for a guy withdrawing from europe and so this was something that once they proposed it as finance minister after they got elected in march with a big huge problem because it'll be with largest economy in the eu and that would obviously upset that balance and we've got a lot of other things happening time bang you know their prime ministers and asked for corruption germany's obviously weekend e you still hasn't decided completely or there britain leaving a lot of stuff going on the eu and italy all of a sudden becoming you know implementing a finance minister who has written a guide on getting out of the eu difficult upsetting but what you have had now finish the global markets were like oh my gosh is damn these positive basically now taking this guy out of the picture as as a finance minister demoting have a different position he's still in their government but not in the same position and so you have a global that's a that's an interesting point valid point to remains to be seen we'll keep an eye on what is going on with sears i mean we have this familiar announcement almost every time there's reports sears closing more stores sales continue to shrink losses continue to grow sixty three a list of sixty three stores it said it will close in september what is it.
"finance minister" Discussed on Bloomberg Radio New York
"Road in the fall you say of course if they capitulate and come up with a new finance minister recourse mozzarella's got a sign off who that new finance minister is that's why we're in the the current heightened pickles so to speak do we have any us on who it might be i mean the markets of bounce back this morning but there are still concerns right now we don't know in terms of a populist government who would certainly be we know for the technocratic government they would like to put forward pair luigi choker he's a possible pick gordy corriere was reporting that he's a former bank of italy deputy directorgeneral he worked with druggie in the nineties at one point he was actually floated as a possible replacement as governor but as we all know that job went to mario draghi he is someone who's pro euro per european he often represented the bank and international meetings he was the head of economic research at the bank so he's very much a technocrat but very much known to the faces in paris in brussels and berlin that would be the pick for the technocratic government be interesting to see if the populists would even consider him but right now we don't know who exactly they would want as a as the finance ministry the economy sector of of the cabinet which is a critical posts for the next government is it the finance minister posts that investors are keeping track of i mean is that what's going to make or break a market reaction to potential league fivestar tie up or a renewed tieup that's the post that's gonna make or break whether or not they could former government according to president mozzarella he was the one who said no to.
"finance minister" Discussed on Monocle 24: Midori House
"Has returned to obscurity after failing to assemble the government the sticking point being president matter ellas vetoing of his choice of finance minister earlier today president mazzarella asked former imf communist carlo qatar really to form a government although if he does it is unlikely to be for long daniele first of all paolo savona was the the man that giuseppi conti wanted as finance minister in who president materially clearly didn't did he do the right thing calling him a tricky one he has the power to indeed he has the power to and in some ways it made sense because his nomination just seemed like an attempt to trolling really by the by the the other two parties however it's really not a good thing to be seen to be doing especially when you're foot wide and it's lay a feeling pretty ansi about the control of of europe and what happens to people who oppose your but just fuels all the conspiracy theories and fuel's all the populist arguments and makes the cia likelihood of a elections in a few months time even more likely on the subject of trolling carol is is it occupied at the president he's doing a certain amount of that himself in his choice of prime minister years a a former imf economist and noted austerity enthusiast who had previously acquired the nickname mr scissors yeah i think this is a very dangerous move indeed you're right technically the president does have the power to veto appointments like this and there are precedents but you've got you've had an election which brought to power to populist parties that had put together a program that would have splurged huge amounts of money set a flat rate of tax had a guaranteed minimum income for families and not only has the president rejected their nomination for finance minister they put in place as the interim prime minister's has he say mr scissors who's got a record for massive cutbacks he's going to be putting forward a program that would appear to be diametrically opposite to that of the elected parties his chances of getting that through have got to be pretty low yes we're heading for another.
"finance minister" Discussed on Bloomberg Radio New York
"Family fortune that potentially makes wynn resort's vulnerable to a takeover all stralia and billionaire james packer is quit as a director of crown resorts because of mental health issues that as investors wondering what he'll eventually do with his controlling stake in casino operator last year packer installed his longtime lieutenant john alexander as chairman and ceo of crown the week after she was sworn into office for her fourth term chancellor angela merkel will lay out her agenda for the next four years before the german parliament bloomberg's patrick donohue has more from berlin much of the work has already begun ahead of an e summit in brussels at the end of the week where leaders will discuss the uk's exit from in the eu and trade the german leader will also begin working up plans with french president emmanuel macron to integrate the euro area and make the single currency more durable after six months of coalition talks michael's new government with the social democrats is up and running in berlin patrick donahue bloombergradio a swedish finance minister says the country's corporate tax rate needs to be lord and it must be competitive as countries including the us are cutting taxes for companies bloomberg's amanda builder has more from stockholm according to sweden's shadow finance minister elizabeth santisima the swedish government will present the final version of the corporate tax package on wednesday after several delays companies eager to find out how much tax rate will be lowered from the current twenty two percent in stockholm amanda builder beccaria directors at nordstrom have ended talks with the us retail chains founding family overtaking the company private they say the two sides could not agree on a price coming up check on markets i'm michael barr this is bloomberg imagine after experiencing the.
"finance minister" Discussed on Monocle 24: The Monocle Daily
"In and income let's begin in indonesia where the finance minister is distinctly unhappy about a lack of financial discipline yes the finance ministers 3 million ian that awad t who just recently was considered in dubai and an event held in the by the world's best finance minister due mainly to her fiscal prudence policies that have led indonesia to have a balanced budget unlike other cut cut big counterparts she expressed her outrage on this week upon learning that ministries and government agencies have made revisions to over fifty two thousand budget authorization the documents or spending warren's last year reflecting her great concern over the urgent need to speed up the budget implementation now it it it would seem odd perhaps to some people that your the finance minister in you find out about fifty odd fouls and amendments to financial measures yes that's the curious part about it it seems that the gluten there's lots of politicians in different factions chipping into the budget that's the goal how would the curious thing about it so what what potential is that iraq should heed that her complaint will lead to any kind of chain well the thing is she is a very respected.
"finance minister" Discussed on KBNP AM 1410
"Of comedy to be on the one hand they will want to course legal proceeding their due course to let them uh hold of their procedure is needed on the other hand it can be paint on these to be image and it can be also be perceived as an attack on the central bank and the rule so the anticorruption drive in latvia and threads to do without because over the weekend the finance minister on sunday a spoke in riga trying to give reassurance to two people have money in latvian banks about the stability of of latvia's financial system so how how does that all tied together with this anti antigraft tons but for now central bank being to shore up the liquidity of the of the slept in then and at the same time uh the ecb and stopped all payments from his luck in banks of people cannot take money out ten delay you'll be the cause of this over his bank cannot be fulfilled for now everything is frozen it it's been for now it's important to acquaint understand whether those two stories are collected and what is it going to have an what kinds of charges if any a game three through savaged the governor of the central banker for now everyone is waiting what is actually going on if he will not hundred percent clear how does this was in the country i was other how does this have is this reflects latvia how does i this is a good thing for it for its image that there is a there's a drive such as this or is a bad thing that the governor the central bank has been caught up in it i'm curious to know how how this is going to be perceived well latvia had been severely by the crisis about one fourth of its gdp it been wiped away any to go back to the precrisis level small open economy in the severe of very close to russia but very hole and to europe and doing most of his trading to europe were of course this doesn't reflect the boot also on the finances of the kind of training the hina three is also said that they will it'll or postpone selling new bond for now until the situation is.
"finance minister" Discussed on Rich Dad Radio Show
"Also manipulated its currency well the truth is um central banks or the biggest currency manipulators yeah correct yes of course when we proved wondering want when we launched it yes we launched qe um the the finance minister brazil said that the united states was starting currency wars and and robert here's what we said in our defence are federal reserve said well no that was just an unintended consequence we weren't trying we weren't trying to to cheat than the dollar to help exporters that just happened well that that really didn't that didn't really help those other countries so yes is it true yes and this is another reason for me by bringing up currency manipulation president trump is starting to approach the big elephant in the room which is what is the role oh of central banks in causing these very destabilizing exchange rate movements because the truth is uh they are the ones that do 'cause it is just were more subtle about it versus china every day goes into the exchange market and says here is the rate we will allow two day so they're very late about manipulating we do it but it's just more subtle by saying we're still on track to raise rates next month this month bath do you actually believe them meet what you mean that what whether the janet i mean i i agree with you the what most people don't know the united states actually fought the concept of central bank for years is the third central bank and what i'm saying the reason tom wheelwright the tax of by my personal tax advisor is on the program is goes in 1913 the fed was created and the irs was technically your created with the passage of the 16th amendment so what happened it becomes debt and taxes once the dollar came off the gold standard so the dollar raised became debt after 1971 and the taxpayer has to pay taxes the consequence of all of this is at we'd borrows the us borrows so much money and this coming friday we might have a government shutdown because the united states is so far in debt yet people like kim an ioc celebrating because we're going to get a tax break tom what's your comments on that.
"finance minister" Discussed on Bloomberg Radio New York
"We only moved on because he felt confident that the free democrat agreeing to occupy his finance minister he's finance minister will be more show you bliss them show blick himself they will continue along the path of what i call the dogma of perfectly separable dates and banking buster's the idea that we have at one three union but every euro of debt open closers belongs to one budget come to two one nation state to me is that tournament of to the future of that monetary union and until at least an extremely we can lead it at the moment because she has to form a government with the political part of the whose number one may be only promise to its electorate is that we want to stop him manuela macron from tabling having having accepted by angela merkel proposition deeds us towards a common budget which is a prerequisite so in other words things are looking very good because we the only we in europe could make a difference under the mobilize we ought to be weakened by the loss for the election germany and you missed the show when he's out of the limelight of the finance ministry has lift his legacy like a very black cloud hanging over the for the finance ministry so go on bloomberg markets released a new study finds the dominating both inbound and outbound middle eastern ebony activity we speak to have you been mullahs from the report authors baker and mckenzie it also get a bit of or put the finger on the pulse in terms of how business is holding up in dubai and the wider united arab emirates this is bloomberg yay bad mergers and acquisitions can make or break a company's stock price like little elf that's what makes bloomberg's deal of the week podcast essential listening for anyone curious about the biggest issues in the m a world host alex sherman has tackled everything from uber's deal with china's didi to the sale of gawker media and why no we've aiden to buy hershey find it on the bloomberg terminal bloombergcom itunes soundcloud and whatever app you use to browse podcasts no motive global abrines affects demarcated emmanuel macron is the new president franz in london as the worldwide team to bring you the headlines terrorist attack in the uk powered by more than 2600 journalists and analysts in more than one.
"finance minister" Discussed on As It Happens from CBC Radio
"So that was finance minister bill more know before that you heard prime minister justin trudeau speaking reporters and stove along tero earlier today we asked to talk to minister more no two we were told no pierrepaul though is the conservative finance critic we reached him in ottawa this vote have you heard their prime minister than you heard bill maher know saying that he did everything the ethics commissioner told him to do wire and she satisfied because canadians don't know where their finance ministers interest why uh win go more no uh was entering politics in 2015 the most recent filing showed that he had over thirty million dollars in share research in the business that his father founded more no shapiro he has received employment income from that company is latest 2016 while he was finance minister this week we learned none of those holdings are in a blind trust i therefore he knows whether he owns shares in the company yet he won't say he's been asked dozens of times by uh opposition mps and media whether he continues to own shares in these very large our cooperation that is heavily involved in the financial sector which his ministry regulates yet he won't tell us whether he still invested in it all right but we he says that his msdos and who is the ethics commissioner has told him that he doesn't need to be in a blind trust to put his assets there because his assets are not considered to be controlled assets and these are quotes from fm himself but he said under the conflict of interest act uh their only controlled assets need to be in a blind test she has told him he doesn't have those and so it's not necessary so if the ethics commissioner is satisfied again why aren't you.