A workaround for the dispute over ecb bond buying. Crude edges higher on signs of demand recovery. We get a clear picture on the fallout as aramco reports results this hour. Manus a warm welcome to the show. Allianz, a tough time for them, that is what they are reforming reaffirming this morning. An implosion by 30 . That was pretty much as they had warned the market. Call toe, there is this preserve capital. Were standing by the 2019 numbers. The word reopen, what is the view from the cfo . A drawdown of capital from pimco. They have ripped up the guidance , we put those questions to the cfo very shortly. We will speak to the cfo, he joins us for his first interview of the day. What have you got . Nejra great to see you again after my day off. Debt. First half net 7. 5 5 billion euros. They say they could use up to one billion euros in the fiscal third quarter. At first half adjusted ebit 30 million euros. In the meantime, im back, whatd i miss . Nejra you missed the whole debate manu
Austrias chancellor tells us shared debt is not the answer to the coronavirus crisis. Meanwhile, chancellor merrickle here in germany has a workaround for the dispute over e. C. B. Bond buying. Testing times. President trump says the u. S. Has prevailed in the battle to boost coronaVirus Testing to capacity. This as Boris Johnson is forced to water down his plans for rebooting the u. K. Economy. Plus, the fed dips into credit on the corporate side. Today marks the opening of a much anticipated facility to buy corporate debt e. T. F. , a key part of the Central Banks coronavirus strategy. Just you said an hour away from the start of cash equity trading in europe and the u. K. Lets take a look at futures here. Ftse n see that we have futures it is changed. Futures across the board are not moving very much, although at least in europe we see some direction. Everything moving to the down side. And more so when you look at the da x, the ibex and the ftse down a third right now. Take a look
With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st National Election to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt President Donald Trump has halted u. S. Funding to the World Health Organization he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big busin
A funding cut countries show support for the Global Health agency. And russia reports a record rise in a new code with 19 infections for the 4th day of the u. N. Security council edges closer to backing a cease fire in global conflicts that will tackle the pandemic. And unsporting day after it was a new day its have been announced for the Tour De France the worlds biggest cycling race war now will start at the end of august. Thats 1300 g. M. T. And we begin this news hour with the world on the brink of reaching 2000000 confirmed cases of covert 19 well this is the tally by the u. S. Based Johns Hopkins University According to its count about 500000 people have recovered more than 128000 have died as governments continue to grapple with the growing pandemic President Donald Trump has halted u. S. Funding for the body leading the fight the World Health Organization he accuses it of mishandling the outbreak his critics say hes deflecting blame for his own failings. Heres our live Coverage
Their support for the w. H. O. A spike in corona virus related deaths in sweden 170. 00 people die in 24 hours sparking criticism of the governments soft approach but south korea it appears to be a mandate for the governments pandemic plan the ruling party is projected to win a general election where people voted Wearing Masks and gloves. And. A soldiers tribute for covert 19 warriors and 99 year old british war veteran raises millions of dollars for the countrys National Health service. The World Health Organization says it regrets the u. S. President s decision to cut funding to the Global Health body donald trump is accusing it of mishandling the covert 19 pandemic but the head of the w. H. O. Says that his organization is vital for handling this crisis and its performance is open to scrutiny. W. Chose performance in tackling this pandemic will be reviewed by w. Just Member States and the independent bodies that are employees to each will try to spot and see an accountability for th