By their good morning low from art internationals my new cents here moscow is kevin and with you for this 30 minute world news update just turned 80 the morning here in our moscow time so 1st the u. K. Governments challenge the court of appeal decision to hold cells to saudi arabia after it was ruled that the military experts were unlawful last month the courts also acknowledged that british arms might be used in the bloody conflict in yemen the countrys been devastated of course by a saudi led war londons license nearly 5000000000 pounds worth of arms sales to riyadh since the start of the Saudi Bombing Campaign in yemen in 2015 that makes the u. K. The 2nd biggest arms exported to the gulf after the United States next this morning arties Kate Partridge has more on britains role in the conflict. The ukraines government is fighting the court of appeal ruling that arms sale. Saudi arabia are norful in the latest challenge in the long running legal battle over weapons used in the yemen w
Day or moscow welcome this is Arts International im kevin though in here with your 30 minute world news update 1st the u. K. Government has challenged the court of appeal decision to hold arms sales to saudi arabia after it was ruled that the military exports were unlawful last month the court also acknowledged that british arms might be used in the bloody conflict in yemen devastated by the saudi led war there london is now we get to get its weapons trade with riyadh back up to speed previously it had licensed nearly 5000000000 pounds worth of arms sales to the saudis since the start of riyadh Bombing Campaign in yemen in 2015 that makes the u. K. The 2nd biggest arms exported to the gulf monarchy after the United States next today arties Kate Partridge has more on britains role in the conflict. The u. K. s government is fighting the court of appeal ruling that arms sales to saudi arabia are norful in the latest challenge in the long running legal battle over weapons used in the yemen
To announce to the company stumbled during the world financial crisis and its share price has yet to recover. Has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank a new direction and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking many experts say it may be the last chance to save the bank as well as it im now joined by was telestial hes a Banking Expert at the Frankfurt School of finance and also in frankfurt our financial correspondent only bonsa standing by when he was start with you whats been the reaction
On that leg on the plant weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet and in costs under control we now want to take the next step mats to align the bank with its strengths and that is what were pleased to announce to the company stumbled during the world financial crisis and its share price has yet to recover deutscher has also been held back by a procession of legal woes the bank repeatedly saw itself confronted with fines worth billions of dollars for Money Laundering violating sanctions and its role in the subprime mortgage scandal but the restructuring effort is now being seen as a new chance by investors. This dawdling around for the past few years is over now concrete steps are being taken to give the bank in new directions and thats what we were missing over the past 5 to 6 years. While deutsche has said the move will cost 7400000000 euros and hopes it will return the company back to the top tier of banking ma
Welcome to squawk alley. Im Carl Quintanilla with john fortt, sara eisen of post 9 of the new york stock exchange. The s p, the nasdaq, the russell all hitting record highs the dow is very close to a record of its own. Were in a period of time here seasonally the markets tend to do well. Its been about two weeks since we saw not only intraday highs, but even backtoback gains on the dow and s p. Technology is in the lead with some familiar names dom pointed to paypal, chip makers, technology stocks. The best performing sector of the year continues to plow this market forward deals are also a big theme, and the question this morning is how many of them are going to get blocked. 200 billion worth of deal this is month, according to deal logic. That is actually a record high for the month, and a lot of it they paint in the backdrop of amazons, facebooks, and googles, john, just getting bigger and disrupting industries and leaving companies figuring out the next step. Meanwhile, this big re