Of new rules. To make our Banking System more robust, one of the most significant changes takes effect across the eu today. With the unweildy name of mifid two, it aims to protect investors, giving them better value for money and make europes Financial Services industry more competitive. One of the biggest changes relates to the Research Investors use to decide which shares to buy and sell. It will now have to be charged separately rather than bundled with other Financial Services. To improve transparency, any party engaged in financial trades must now have a unique number known as a legal entity identifier. 368,000 of these were issued between october and december. But it will be expensive the industry is believed to be spending more than 2 billion implementing new rules. Michael ingram is chief Market Strategist at wh ireland a firm that will be impacted by the new rules. Good morning. As i was reading that out, you were nodding away. What is the most important part of mifid two 7 th
Thanks forjoining us. Its87am in singapore, 12pm in london and 7pm in washington, where a vicious war of words has erupted between President Trump and the chief strategist he fired back in august. Mr trump is denouncing steve bannon, saying he had nothing to do with his election victory. Its all because of comments from mr bannon describing a meeting between the president s son, son in law, and a russian lawyer during the president ial Election Campaign as treasonous and unpatriotic. Its understood the comments will be published in a book next week. President trump hit back with scathing comments, saying when he was fired, he not only lost his job, he lost his mind. When asked if the president s son Donald Trump Jr had, in fact, committed treason, the White House Press secretary had this to say. To the ridiculous accusation to be sure we have addressed many times from here before, and if that is in reference to comments made by steve bannon, i refer you back to the ones that he made pr
And london, this is bbc world news. Its newsday. Its 9am in singapore, 1am in london and 8pm in washington where a vicious war of words has erupted between President Trump and the chief strategist he fired back in august. Mr trump is denouncing steve bannon saying he had nothing to do with his election victory. Its all because of comments from mr bannon describing a meeting between the president s son, son in law and a russian lawyer during the president ial Election Campaign as treasonous and unpatriotic. Its understood the comments will be published in a book next week. President trump hit back with scathing comments saying, when he was fired, he not only lost his job, he lost his mind. When asked if the president s son, Donald Trump Jr had, in fact, committed treason, the White House Press secretary had this to say. I think that is a ridiculous accusation, and one that im pretty sure weve addressed many times from here before, and if that is a reference to comments made by mr bannon
Whipping across most of Northern Europe one el of a storm. Two people were killed in spain while a skier died in the french alps. The guardian front page leads with Windsor Council leaders demands that police use law to clear the area of Homeless People ahead of the Royal Wedding of prince harry and Meghan Markle. The Financial Times pages look at the rise of green car sales and how norway has become the first country in the world where more than half of all new cars sold are hybrid or electric. And, finally, the gulf news has some bad news for people with a sweet tooth it warns chocolate could be extinct by 2050 due to climate change. Cacao trees, which need heavy rainfall for growth, are under threat as rising temperatures is sucking moisture from the soils where the trees grow. Many of you i can hear are very concerned about that. With me is richard griffiths, who is Corporate Communications director at the global pr firm, ketchum. Am very worried. Lets start wit the i am very worri
Its 9am in singapore, 1am in the morning in london, and 9. 30am in pyongyang, where north korea says it has no intention of using the Winter Olympics in south korea as an opportunity to hold talks with officials from the United States something that the us Vice President mike pence hadnt ruled out. On the eve of the Winter Olympics Opening Ceremony, north korea is preparing to display its military might in a military parade. These satellite images show the preparations being made at a military base in the north korean capital. The parade will mark the 70th anniversary of the founding of its army, and according to one source, as many as 13,000 troops are practicing. It comes as the Opening Ceremony of the Winter Olympics dubbed by south koreas president as the peace olympics is set to take place. For more, lets cross now to the bbcs china correspondent. Stephen mcdonell, who is in pyeongchang in south korea. United states and north korea are sending high level delegations to the Winter