Cannons and make the first arrests under the new law and chief executive carrie lam defends the decision translator clearly the decision under one country send showed determination and prove on the system and shows the high degree of trust of the central authorities in the Hong Kong Government germanys jobless total rises by 29,000 taking the unemployment level to almost 3 Million People as activities contract in june airbus with jobs on the line as they tell staff the crisis is far from over. Bracing for a mighty battle. Welcome to the show, we are closely tracking some data weve had lower pmis the eurozone number crossing the manufacturing pmi, 47. 4 up from 46. 9 still suggesting contraction taking place across the eurozone one of the bright spots seeing the expansion. Clearly saw weakness elsewhere lets push on to developments in Hong Kong Police say 30 people have been arrested for violations of the International Security law hong kong chief executive carrie lam defended the laws
S p and fitch approve their assessment of the u. K. s Credit Outlook, but the pound continues to slide as fears of a Nodeal Brexit mount. Fedex in freefall. The carrier cut its profit forecast for the second straight quarter. Deutsche bank called the results rest taking lee bad breathtakingly bad. A 5050 merger. Of course, one is buying. The others. We will sort out which. They will sell some of their steak but not all in peugeot. Lets get more on that major socalled merger with milan. Ureau chief tommaso i know that pr wants us to believe this is a merger of equals as so many do. Is psa buying fiat . Tommaso good morning. Good morning, matt. How many times we have discussed on bloomberg tv about the industry. Now, the deal is really announced after more than one month of talks between fiat and peugeot. The question the answer to your question is fiat and peugeot will put together their 5050 percent company. Actually, the new company will have half the shareholders by fiat and half by
Trade was a big part of the talk at the g7 summit in biarritz. And us President Donald Trump was at the centre of the wheeling and dealing. He and british Prime Minister Boris Johnson spoke about a very big trade deal once the uk leaves the eu. But mrjohnson tempered expectations, saying the us would be tough negotiators and that he wouldnt rush talks, and theres a lot to discuss. Us goods and services with United Kingdom totaled an estimated 2613 billion last year. Lets hear what both men had to say about a possible agreement. We are going to do a fantastic deal. We are going to do a fantastic deal. We will get over some of the obstacles we will get over some of the o bsta cles in we will get over some of the obstacles in our path. We are going to do some fantastic, many deals. Many different deals. We are having a good time. As far as the uk under United States, we are working on a very big trade deal and i think it is going to work out very well. And the United States. Meandhwile, t
For their worst day in 2011 as net profit fizzles out in the First Six Months the brewer can turn it around in the second half. The impact cost has been much higher than last year in the first half of course we took some pricing in a number of geographies, but that will roll over in the second half. And beijing reacts to the social unrest in hong kong as chinas Affairs Office backs chief executive kerry lam and says the one country two Systems Practice will not change right, big news in the uk this morning the London Stock Exchange has confirmed its in talks to buy refinitiv in a deal worth 27 billion. It comes less than a year after a private equity bought a majority stake in the firm from Thompson Reuters at the time, it was valued at 20 billion. The lse will pay for the transaction by issuing new shares with refinitiv shares getting 37 of the combined group. And more in deal space today. Takeaway. Com and just eat struck an agreement in principle to merge. The all share deal is wort
Chinese leader xi jinping starts a three day state visit to russia on wednesday, at the invitation of president vladimir putin. Its the second meeting between xi and putin since april and shows the two countries are becoming increasingly close. President putin has expressed support for chinas ambitious belt and Road Initiative the huge Infrastructure Project costing more than 1 trillion and connecting 65 countries. But the two sides have more than that in common. The chinese economy is under pressure after washington raised tariffs on 200 billion worth of chinese exports in the continuing tade war between beijing and washington, and russia is also under pressure because of western sanctions over its actions in ukraine. So, with both leaders keen to escape these pressures, trade between china and russia hit a record high last year of nearly 108 billion. Energy is especially important with russia now chinas Biggest Energy supplier. The power of siberia is a 4,000km pipeline project that