The end of slight and the labor market is said to be near. Remember, we are moving close to it and moving their rapidly. To the extent we get there, that should translate into upward pressure on wages. Manus welcome to bloomberg daybreak europe. I am manus cranny. ,nna edwards is out for the day throwing caution to the wind. We are talking about risk. Political wrangling is heating up. What do i do . Believe, it is going to be a bumpy ride. Demand for threemonth options were above. Im giving you a broad chart to emphasize what a butterfly is. We are seeing this bump in this chart. Deadlock was the word yesterday. Set the pound downturn its that the pound down. It set the pound down. It shows you how poisonous and environment it is for sterling. Says the euro could be at 90 by the end of the year. Hows this translating into global risk . I am talking about the squeeze in terms of the flock in United States of america. We are down. 6 this week. Some big option trades betting around the c
Paris. And Tourist Attractions begin to reopen in sierra leone after the country is declared ebola free. Venezuela center right opposition has tried for socialist winning control over the National Assembly and the landslide victory was confirmed when nicholas conceded the party defeat and he will be remaining in power and 74 turned out to cast their ballot and the highest since the voting ended in the 1990s and some seats are yet to be counted but so far the opposition has won 99 seats now that is more than double those of the ruling party which has 46 seats so far and there is still 22 seats to be declared and our editor reports now from caracus. Reporter the expressions of venezuela headquarters confirm supporters Worst Nightmare as the Election Results were announced. For the first time in nearly 17 years opponents of the nations populus revolution won a majority in the National Assembly. True to his word president maduro recognized his partys defeat. Translator weve lost a battle t
Factions. He was one of the 20th centurys most influential leaders. Lee kuan yew was largely credited for attorneying singapore into a large port sister died at 81. He was also accused of being authoritarian. Lee kuan yew born in 1923, he saw his homeland occupied. First by the british and then the japanese. After training as a lawyer in britain, he became Prime Minister in 1959. A post he would hold for 31 years. Despite a ruthless style of politics lee was no independence leader. Singapore became independent against its will kicked out of malaysia in 1965 against a backdrop of racial tension. At the time a fearful lee contemplateed a bleak future. People connected by geography, economics and ties of kinship. Sentiment gave way to pragmatism. He was unflinching in his determination to bring prosperity to his new country. Under his leadership singapore was transformed from a tiny impoverished island with no Natural Resource noose a high hightech metropolis. But lees leadership also had
We begin in the uk where the Prime Minister is launching what he calls a green industrial revolution. 12 billion pounds or 16 billion dollars will be invested overall with a new environmental focus. Its promised the new policies will create 250 thousand new green jobs with investments in Nuclear Hydrogen electric cars and offshore wind power. The sale of new petrol and diesel cars from 2030 will be banned thats less than ten years away, and is ten years earlier than the governments previous target. New hybrid cars those with electric motors as well as engines will get a stay of execution, at least for a few years. But will the uk be ready for these changes and how do they compare with the eus plans . David bailey is professor of business economics at the Birmingham Business school. Welcome and good morning. So, when it comes to the idea about ca is when it comes to the idea about cars and petrol, diesel cars no longer being sold from 2030 is this a goal that can be reached . I think it