Bloomberg surveillance, im Francine Lacqua in london. There is movement on the pound because what we heard from the boe. It has been absolutely amazing trying to figure out exactly the premise at which mr. Bailey is expecting the economy to do. We understand the bank of england is expanding stimulus as soon as next month to help the battered u. K. Economy. He once again reiterated that there is an unwavering pledge, which basically means that the market is taking it as further boe action possibly being imminent. Set and of england will asked if necessary to deliver the monetary and Financial Stability to deliver longterm Financial Stability. We are speaking to governor bailey later on. Know whether that means we have negative rates next, but certainly to have an impact on euro. I thing we have a data board for you. Is an actionfilled Currency Central Bank kind of day as we also heard of a lowered benchmark rate from norges bank. Lets get straight to the bloomberg first word news. Top t
Beijing get when you dont pay our. Was this man really responsible for a one trillion dollar loss on wall street or was he a convenient scapegoat for taking on big investors. And the story of the world over Migrant Workers stranded in thailand without jobs and no money for rent or food. The worlds 20 largest economies agreed to give 76. 00 of the poorest a Debt Repayment holiday but china has yet to publicly offer any support at a time many nations need the extra financial headroom to tackle the coronavirus pandemic beijing has been rapidly rolling out its belt and road initiatives to build infrastructure and increase its influence in mostly developing nations its large as has come a huge cost for many of the 138. 00 nations that have signed up to the program you may remember sri lanka couldnt keep up with payments on the ports and eventually had to hand over the facility on a 100 year lease many nations have been rethinking their involvement amid accusations china was over pricing roa
In large scale, will be available more quickly than the original vaccines, and just as we did first time round we got in their early and we thought at risk, so we are having exactly the same conversations right now with Pharmaceutical Companies to make sure we are right at the front of this one. Video link david morris. Thank you madam deputy video link david morris. Thank you madam deputy speaker. Video link david morris. Thank you madam deputy speaker. Madam l video link david morris. Thank you madam deputy speaker. Madam deputy speaker, there have been Scare Stories in lancashire others shortage of vaccines due to these vaccines being diverted elsewhere in the country, causing a shortage and perpetuating further urban myths. Can my honourable friend confirmed that my constituents are going to be covered and that were not seeing vaccines redirected to other regions of the uk and lancashire will continue to receive the required proportions in the future, safeguarding my constituentsye
And by contributions to this pbs station from viewers like you. Thank you. Latest headlines to viewers in the u. K. And around the world. The u. K. Government announces it has topped 100,000 daily test for coronavirus. Helps keep people safe, and itit will help us unlock the lockdown. Ens of thousands of job cuts looming in what has been called the worst crisis in the history of aviation. Two and a half feet awafrom each other, there is no way you can have social distancing in an aluminum tube. India extendsts lockdown for another two weeks. We report on the impact. In u. K. , the risk of death from coronavirus is twice as likely if you are fm a poor, urban area. Hello, and welcome, to audiences in the ud around the world. We are covering the latest coronavirus developments in britain and globally. The u. K. Government said it hit tsget for 100,000 coronavirus test per day. Matt hancock said the target was set lesshan a month ago when 10,000 daily tests were being ld. They were facing
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th