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the full effect of higher rates has yet to be felt but households and businesses are coping. for now. plus ripe for transformation. how developments in al are starting to bear fruit in the push for more sustainable agriculture. we are looking at the top business stories. we start in beijing where china s president, xijinping is hosting european union leaders for their first in person summit meeting since 2019. and there is one huge number that is looming over the talks. 400 billion euros. that s roughly the size of china s trade surplus with the eu the difference between what they sell to europe, and what europe sells to china. european commission president ursula von der leyen says it s because of china s unfair support for its industries which means its products are flooding global markets and threaten to undermine europe s industrial base. china says the complaint doesn t make sense when the eu stops it from buying certain sensitive technology such as advan ....
stocks declining for a second day. a slump in chinese equities in a , which is why we might see exacerbated moves. more dovish than expected federal reserve. we had the minutes yesterday. we are getting pmi edit europe, better than expected. better than expected if you look at services. manufacturing also that are than expected. manufacturing also better than expected. we are looking at a pretty strong economy. au will get to europe in second. euro-dollar currently 118.45. coming up, we speak to alexander stubb. brexit talk to him about and the eurozone. in the meantime, let s get to the bloomberg first word news. democratsmany social are ready to start talks with angela merkel. totin schulz is prepared offer her limited support for a full term. it is said he could back her in a minority government but not but would not offer another grand coalition. philip hammond s budget has been welcomed by members of the conservative party, while stilla may s future is questi ....
media we ll go live to tehran also coming up. north korean officials reopen a key line of communication to the south this move comes amidst a sudden thawing tensions between the two rivals as leaders on both sides call for dialogue. to town a listers uniting to say times off on tolerating harassment and abuse will look at the new campaign being braced by women in hollywood. and the u.s. president trump hitting twitter with a flurry of warnings to america s adversaries we look ahead to what could be a turbulent year for the white house at home and abroad. plus the drug crisis that s wreaking havoc in communities around the united states we need some of the young people paying a heavy price for their parents diction. i m brian thomas a very warm welcome to the show we start this program in iran where anti-government protests are sweeping the country at least twenty one people have now been killed hundreds have been arrested the country s supreme leader has blamed foreign ....
a very warm welcome from right here in our blood body. we have a great day ahead of you. many important figures speaking to the conference and they will speak to bloomberg. we have a real rally on our hands and a potential for more momentum. or do we? bitare looking at a little of a global risk on momentum. before the powell testimony is saying sustained growth is there but he doesn t want to kill it off with high rates. oil inventories could rise by 2 million barrels. in february. 1.5% the best january in a decade for the oil market. this is dollar-yen. the worst quarter in dollar-yen in four years. still the market is hungry for a bit of en. of yen. 2018 special items will be slightly rising. this is a forward-looking statements. that missed the estimates given the growth that the imf and the world and the ceos talked about. about slighting sales growth for 2018. estimate.eat on the would you have there is a green to measure manage merger their oil and gas unit. ....
but to deprive ourselves of greece, it s not only depriving ourselves of a country with its gdp, its people but also deprive ourselves of a country which is at the very heart of our civilization. it does not only belong to our history, but also to our culture, our way of living. greece is country, a friend of europe who which wished to enter into europe after years of dictatorship. so there might have been discussions as to its capability of making this transition possible this entry into the eurozone possible. but all the democratic parties stated that they wanted to stay within the eurozone. they might have made another choice but they wanted to remain within the eurozone. duty was to enable them to stay within the eurozone but also solution was to be made possible. nothing would have been worse to keep them in a monetary zone without allowing for their development. and this is why the negotiations were lengthy negotiations. but we reached a historical solution. had ....