when you talk about europe, you need to do that and that. what is europe? melinda: we have seen a lot of eu criticism. you could even say eu bashing. is it a point -- isn't the point, we often need international action on migration? when the vietnamese boat people were fleeing, it was not left only to the region, there was a concerted international effort to solve the problem by taking in and dispersing refugees globally. shouldn't that be happening now? can it? will it? mr. mesghena: we need first of all european solidarity among each other. i think, if you look into the number of last year, it is four countries who will have the biggest portion of responsibility on refugee issues. we need solidarity within europe. we need to share -- not the burden, but the amount of refugees who arrived from africa is not that high. if you look at the burden which neighboring countries like jordan ethiopia, lebanon and pakistan -- all of these countries, really bear on the issue -- we are talking about 0.001 persons looking at the bigger amount of 51.5 million fleeing th

europe was either occupied or had been conquered, and every country in europe needed resources -- it needed to restock it needed food. and of course, it had to be reconstructed. we were the only country at had the real resources to spare for tt. and of course, you'd have to buy these sources with the dollar. schoumacher: so bretton woods provided a framework for the rebuilding of europe. and the united states played the key role in financingeurope's recovery. the marshall plan, created in 1947, gave millions of dollars to europe. this flow of dollars and goods was soon supplemented by loans and private investments from the united states. the american economy reaped immediate benefits from europe's rebuilding. as fast as the dollars were pumped overseas they floweback here to pay for american machinery and goods. in the decade following the war, europe importedbiio of dollars worth of products from the united states. but by theid-'50s, europeancomies were no longer so dependent upon american goods. by t 196 our paymen abroad for imports,nvestments and foreign aid had far exceeded our

we want to make sure we is on europe -- we focus on europe. that will be enough to have the option to build a 10 billion plus revenue company. we do not have any plans currently to move over to the u.s. guy: is your biggest competitor in europe? do you think that story is going to change? icm is amazon pushing into the fashion space and other brands upping the digital presence. the u.s. is coming to you. mr. ritter: i think many people have understood that it is an interesting and fast growing business to sell fashion on the internet. our success has probably encouraged money to invest more in the space. at the same time, underlined by fast growth in the first quarter, i think we have been doing a good job to convince customers to shop with us. to be honest, our biggest competitor is everybody who is selling fashion. it is an extremely fragmented market. the biggest fashion companies only have small market shares. i think we are on a good track to continue to win market share in this competitive market. francine: you have managed some deals, i

prosperous, a europe that the veterans here set free. mine and other generations have since ve day enjoys the most peaceful period in europe's history. thank you. [applause] today, while remembering those who made the ultimate sacrifice all of us from all of the allied nations can still joyously agree with churchill. in all of our long histories, we have yet to see a greater day than ve day. alex: i think we would now like to hear from the band once more, please. thank you very much. while i organize my notes. thank you. ♪ ["stars and stripes forever" playing] [applause] alex: i would like to now come to our next speaker. secretary albright's deeply sorry that she could not be with us here today. instead, she has asked her sister, kathy silva, to deliver her remarks on her behalf. i would ask you to give a very warm welcome to kathy, please. [applause] kathy: i am very honored to be here today and to be able to convey my sister's most heartfelt feelings at this very important occasion. she is so disappointed she could not be here perso

he just wants a better deal for europe. what are the debates going to be like, for example of germany will be unlikely to give concessions. >> we have certain principles within the european union and many of my colleagues are very reluctant to start over again and again and again to renegotiate with the u.k. on these principles because the are impression in germany as germany being part of the european union, and for example, we have right now--we're talking about immigration. germany is by far the largest country giving shelter to refugees from from the near east and the u.k. didn't helping on that issue at all. it is a difficult discussion in germany because the people in germany don't really understand. >> good to get your point of view. thank you so much for joining us on al jazeera. >> thank you. >> still to come on the program ambassadors from norway and the philippines. a helicopter carrying dignitaries crashes in pakistan. >>> also details of an eight-year-old child found in a suit case in spain. and in sport the ba

should come out of europe. how easy is this going to be for cameron to negotiate some sort of concessions that is going to satisfy all those people who are in the u.k. who actually don't believe that the u.k. should be part of the e.u.? it's going to a tough one. >> he's playing a tricky game. he's balancing two groups of people with different ideas. he's put himself in a position where he could potentially really disappoint people. they're going play very hard ball with him. it will be difficult to change the treaties, and he'll get minor concessions that he'll portray as big concessions. but there is fear that ale disappoint the electorate and possibly sleep walking into a yes vote in the referendum. >> which is not something that he wants. i wonder if he would have been better off in a coalition with the liberal democrats where he argues i'm in a coalition the liberal democrats say they don't want a referendum. i'm joining a government with them, and therefore i can get out of this. but now this is a manifes

. >> we came to libya to work here. >> not to get to europe? >> i can't speak for everyone here, but most of us came to libya to work. the policeman smiles when he hears this. that's just not true. if they were here legally, they'd have a stamp from the border. but they come through the desert illegally. it's organised crime. the eu has to cooperate with us. we libyans can't come to grips with it on our own. libya isn't only a stopover for migrants. it's also a destination. that makes the situation so complicated. men from niger work at misrata's steel plant. many have been coming for years, accepting the chaos in libya, islamic state and the risks. it's rarely better in their own countries. the country needs them. but sometimes too many come and then they don't get work. and when there's no work in libya, the temptation to set off for europe grows. mohammed clears up a bit. the steel plant isn't operational. there's no electricity. the political chaos in libya has brought the economy down with it. michaela: another african country with an aili

we have a second issue which is one of the consequences of qe in europe, but only in europe we are seeing it. why do we need to have such low rates to foster the recovery of the economy, and why do we make the choice of having the economy recover at the cost of long-term savings? we think it is sustainable for a short while. we think it is sustainable if it goes alongside significant structural reforms. long-term, it would be a mistake to foster policies where you only have very low rates without reforms. it leads to a very poor allocation of the long-term savings. it could create bubbles because people are going to look for yield and very strange places. and it would not be good for the sustainability of this recovery. caroline: many thanks for being with bloomberg tv this morning. live with the axa ceo from paris for the climate finance day. back to you. guy: great interview. thank you very much indeed. up next, we are going to speak exclusively to ukrainian finance minister natalie jaresko. see you in a moment. ♪ guy: welcome back. you are watching "the pulse." dealmaking in spain ha

these roads lead west to atlantic europe east to central europe north to great britain and south to the mediterranean world. most crucial of all, strasbourg sits on the rhine river between two of europe's strongest historical rivals-- france and germany. strasbourg really occupies a very special kind of position. of course, it's bounced back and forth a bit between german and french influence and, in fact 500 or 600 years ago it was really falling within the influence of the german empire. and then as the french empire was expanding and in conflict with the german empire along the rhine it came under french influence. the franco-prussian war in the 1870s, however, was partly driven by german efforts to expand to the west bank of the rhine-- that's where strasbourg sits. so it became formally a part of germany at that time. and then in the 20th century it's fallen back under french control. those original cultural and linguistic ties with germany are still there, so you have a dialect that is a germanic dialect but it's now, of course, formally a part of france. and this particular and s

migration from the north african coast into southern europe. is there proposals to assist in the relief of the effort, or to assist the countries there? and then another part of the aor, a couple weeks ago, you had the incident with the reconnaissance plane that was buzzed by a russian fighter. do you have app update on that? do you have other information about what happened there? have you got a suitable response from the russians? >> okay. let's talk to ucomm and migrants first. so, yes, there is a problem of flow of myigrants across from the north african continent into multiple european command allied nations along the mediterranean. probably the most demonstrative into italy. italy, for instance had an operation which addressed this issue for a while, and then handed that operation off to the e.u., who may be a little better suited because they are an all of government sort of organization where it was the italian navy dealing with it before. right now, the involvement that we have in the u.s. is helping them understand the situation on th

basically southern europe. that's for the rescue operations about, it comes to resettle think of these migrants, it is northern europe that carries the brunt on that. most of the migrants i spoke to last year who are disembarking in sicily and even the ones i met in libya a short while ago always say that they want to go to northern europe because that's where there are job opportunities and that's where they are the best social programs too help them reset and start a new life. >> is there any sign that the terrible loss of life that the horrifying suffering of this refugees, are making its way back? that the news is making it's a way back to senegal eritrea syria, so that fewer people might be setting out in those boats because they know what awaits them? >> reporter: i was in libya a few weeks ago just at the time where those about 800 people had drowned in the mediterranean and i kept on asking migrants there about the dangers of crossing the sea and a lot of them had told me they didn't care. that what hap

do we want a europe that's whole? do we want a europe that's whole and free? do we want a europe at peace? a and we look at historical examples of when that may have been the case. so i think we do want a europe that's whole, free and at peace. and i think our policy is we do want a democratic ukraine and we do want the respects for international borders. the challenge is, how do you then clearly articulate it, and then what is the strategy linkage to the the policy. so if that's the policy, what are the methods and mechanisms that we're going to use to then continue to advance that, and i think that gets to your point, sir, reference, how do you prevent the spillover and how do we encourage a democratic ukraine that then becomes stable in a prospering member? that's probably where your answer is, and once that linkage is correct, then we can probably have a clearly articulated policy towards those three areas. >> europe. yeah, it's our -- and that was our second consideration. it came actually from the western europe and the eastern european countries as well

the moves across europe -- the mood across europe is not as bright as it used to be. this is the more european story. there is concern that we are not seeing that much big growth. the mood we are seeing green shoots of recovery, but it is still very fragile. dame julius: they are a bit fixated about what is going to happen to greece. they are a heavily-export oriented economy and china is slowing. they are in a gloat -- growth trajectory, but a slow growth trajectory. francine: what do you worry about the most? are we becoming japan? dame julius: no. i suppose these things could happen. but this fixation with the zero is a bit excessive. this country is not in a deflationary mode. i think we will see low inflation for a few more months as has been predicted, but once the index features dropout, once the oil price decrease drops out of the index, we will see inflation come back toward something normal. i think the fact that underlying inflation is also reasonably low is something to keep an eye on. francine: at least it takes off the pressure from the bank of england t

today is victory in europe day. hostilities will and officially at one minute after midnight tonight. in the interest of saving lives, the cease-fire began yesterday to be signed all along the front, and our dear channel islands are also to be freed today. the german war is therefore over. after years of intense preparations the beginning of september, 1939. in pursuance of our guarantee to poland and an agreement with the french republic, great britain the british empire, and the commonwealth of nations declared war upon this foul aggression. after france had been struck down, we from this island and from our united empire maintain the struggle single-handed for a whole year until we were joined by the military might of soviet russia and later by the overwhelming power and resources of the united states of america. we may allow a brief rejoicing but let's not forget for a moment the toil and efforts that lie ahead. we must now devote our strength and resources to the completion of our task, at home and abroad. adva

europe is our biggest trading partner. the businesses i am involved in it's important to make it as easy as possible to trade with them. francine: all right. with two days to go, those are some interesting thoughts. let's get back to the next. ubs shares are soaring. they beat expectations. guy: for more, we are joined by james. good morning. what's the top line? what is the take away here? the market seems to done reasonably well. guest: they are notable among all european banks for the magnitude of the loan loss provisions a have made to multiply since the crisis began almost reaching 10%. historically speaking, that is the average loan loss rate you would expect a banking system to suffer in total. it may be slightly worse this time. you are looking at a bank that in many respects has done the balance sheet and crystallized losses. the great benefit to that is quarter after quarter they suddenly drop away to reveal all that underlying profit. francine: does this mean to the troubles are behind it? is there more to come?

anchor: similar scenes in asia and europe. tonight, the president of burundi is back in his country one day after attempted coup. he said, i am in burundi. i congratulate the police and the military for their patriotism and the citizens for their patients, but the situation is more tense than that suggests, with fighting continuing between his supporters and those who want him out. we have the latest from burundi. you may find the parts of this report distressing. reporter: the day began with more fighting, people running for their lives. soldiers tried to seize control of the state broadcaster. on the streets, few dared to venture out. >> every time you listen to guns, everywhere guns. we don't know what is happening. i found somebody in the road. then we barricaded because we don't know what is going to happen. we cannot get news. reporter: we made our way to the national television center. we witnessed the ferocity of the fighting. at least five soldiers were killed. supporters of the attempted coup. loyalists said that 60

we look at 43 countries in europe. we go to russia, turkey, and investors like the diversity of situations. marc: compensate some of the disappointments that may be emerging and provide for more growth and also uncertainty. they finally at last like europe for what it is, a safe haven. caroline: they have kind of fallen out of favor for that reason. marc: china has fallen out. central and eastern europe, including russia have gone up 8%. north america has also come back from a tough spot a few years ago from the crisis. caroline: russia is fascinating. marc: long-term bets, on the fact that it will probably get better. they will solve the geopolitical obstacles it is facing. probably some investors including chinese companies and european companies not circumventing the sanctions, but making sure they can still do business in russia. the long-term, as is a critical economy for us. caroline: the u.k. is sort of the number one spot when it comes to the eu. what about concerns of an eu exit, we have david cameron trying t

and europe in a really difficult position. do you ignore it and risk these pipes getting bigger or do you try to incorporate these pipes into the system? that is a fundamental issue going on with the realignment of the global economy that goes way beyond europe. >> this discussion will continue mohamed because it appears that greece is making the payment it is due make to the imf on tuesday but as we discussed, greece doesn't have the money for the final payments if they don't get the final tranche of the payments it's due from europe. thank you mohamed. that is the program for today, an quake near mount everest so powerful it racks the captain kathmandu our reporters are on the scene. ♪ >>> hello. live from doha. also ahead. >> we hope that a ceasefire will hold. >> iran calls for a truce in generally which could help millions of desperate people. >>> time to talk. the top u.s. diplomat has arrived in rauch for the first time since falling out over ukraine and syria.

europe came in and it was aggressive as we started the year. that was the estimates and it was panning out that way. a strong u.s. means a strong -- jonathan: i want to talk about the structure of management at the moment. it has been messy with some switching isn't changing. right now, you have a structure. how does that work they today? >> it works very well. my partner is an expert in technology and production and innovation. i worked retail wholesale, and, we are a natural fit and it all exists in the company and the hierarchy. it is less laborious on the outside than it may seem on the inside. >> i want to talk about the acquisitions over the last 24 hours and the exotica. tell us about the value of the company and adding more to the stable. do we go outside the mainstream product range? >> the acquisitions have always been part of the history. i would like to make a statement on that. on the one hand, we can reach all of our goals and, we are not forced to do acquisitions. on the other hand, we have the cash for acquisitions and we are al

these organizations you are talking about operate mainly in italy, greece, europe. when i was in libya, i didn't see any of them on the ground. because of the chaos of the country, because of the civil war and dangers for these rocker organization to his operate in countries like that. but, you know, you have to take the problem much further south in to the desert. i think the main -- if you want to stop this flow of migration of people risking their lives and crossing the sea and bringing with them their problems here to europe, you'll have to go to the south, to africa and try to stop that flow there. it's going to be extremely difficult for international organizations to do that. simply because the network of smuggling and trafficking are very shadowy, they rely on local militias, they rely on local war lords, and they operate in a terrain that they know very, very well. i think at this stage really the only way that you are going to be able to stop it in the long run would be to try to improve the quality of life and solve the problem in the home countries of th

a europe that the veterans here set free. mine and other generations have since ve day enjoyed the most peaceful period in europe's history. [ applause ] thank you. today, while remembering those who made the ultimate sacrifice all of us from all of the allied nations can still joyously agree with churchill. in all our long histories, we have yet to see a greater day than ve day. i think we would now like to hear from the brand once more, please. thank you very much. while i organize my notes. thank you. ♪ ♪ ♪ ♪ ♪ ♪ [ applause ] >> i would like to now come to our next speaker secretary albright is deeply sorry that she could not be with us here today. i stead she's asked her sister, kathy silva, to deliver her remarks on her behalf. i would ask you to give a very warm welcome to kathy, please. [ applause ] >> thank you. i'm very honored to be here today and to be able to convey my sister's most heartfelt feelings at this very important occasion. she is so disappointed that she couldn't be here personally and share

we see things happening all over eastern europe. i think i will leave it there. >> general, thank you for being here. i am going to asking a question not directly in your approval you mentioned former sliders. we heard at the pentagon there are as many foreign as indigenous, given all of that we are also hearing today that the u.s. naval ships will begin

today is victory in europe day. hostilities will end officially at one minute after midnight tonight. but in the interest of saving lives, the cease fire began yesterday to be sounded all along the front. and our channels are to be freed today. the german war is therefore at an end. after years of intense preparation, germany -- germany hurled herself on poland at the beginning of september, 1939 and in pursuance of our guarantee to poland and agreement with the french republic, great britain the british empire and the commonwealth of nations declared war upon this foul aggression. we from this island and from our united empire maintained the struggle single handed for a whole year until we were joined by the military might of soviet russia and later by the overwhelming power and resources of the united states of america. we may allow ourselveses a brief period of rejoicing, but let us not forget a moment the toil and efforts that lie ahead. we must now devote all our strength and resources to the completion of our

when it comes to europe of course we could take in lots of migrants without suffering. germany needs about 5,000 migrants every year just to remain stable to have a stable working force because so many baby boomers now retire that we do not have enough employees anymore. so 500,000 is a lot and even with all those refugees that we had to take in, still we do not reach this limit. so we could really invest in a way in migrants. but we don't do that. but not for economic reasons. people always think it's something about sharing their wealth but that's complete nonsense. this cultural fear is irrational. that you somehow lose your germanness or whatever. but i mean that's the pact. >> maybe it's irrational but i think you can't teach society there and say to the politician look, you have all these silly fears. they are completely unfounded and that's why we'll settle i don't know how many migrants next to your door. if you do that you create social right riots. it has the bear limits to what you can do even if you know you should do it because of economic or humanitarian r

and europe in a really difficult position. do you ignore it and risk these pipes getting bigger or do you try to incorporate these pipes into the system? that is a fundamental issue going on with the realignment of the global economy that goes way beyond europe. >> this discussion will continue mohamed because it appears that greece is making the payment it is due make to the imf on tuesday but as we discussed, greece doesn't have the money for the final payments if they don't get the final tranche of the payments it's due from europe. thank you mohamed. that is the program for today, >>> in the british elections nothing the pollsters predicted happened. the conservatives, led by david cameron, have a majority in the new parliament. the labor party lost not by a whisker, but by 100 seats. the u.k. independence party got a lot of votes, but one seat, and the scots got a landslide to a party that wants out of the u.k. with big questions, is this a kingdom divided.

. >> we will deliver that inner referendum on our future in europe. as we conduct this vital work, we must ensure that we bring our country together. as i said in the small hours of this morning we will govern as a party of one nation, one united kingdom. >> with that commitment to one nation, cameron is squaring up against scottish nationalists, the other big winners in this election. the s&p took nearly all the seats in scotland. there's already talk about their pushing for another referendum on independence. >> clearly there's an opportunity for change in scotland and a strong desire or the voice to be heard much more loudly. >> the victory came at the expense of the labour party which also lost out in the rest of the u.k.. party leader ed miliband has now resigned. >> britain needs a labour party that can be built after this defeat so we can have a government that stands up for working people again. now it's time for someone else to take the leadership of this party. >> two other leaders have also quit -- nick cragg of the liberal democrats who wa

a strong rally across europe this morning. ftse 100 up by 1.5%. the cac 40 up by 1.9%, the dax up by 200 points. a rally in the bond market as well. germany lower by seven basis points. a euro a weaker euro one point 1167 -- 1.1167. over the last two years, a quick calculation, the euro weaker by 2.45%. the worst two days since march 2011. the rally in the equity markets and the bond market. front loading qe in may and june. a lot to talk about. ♪ jon: good morning and welcome back. 45 minutes into the session. let's lift the lid on the index and get you the top stock movers. caroline: the biggest gainer today is dtclp. it seems that this company seems to have fingers in every single pie. it has a bit of gas, tech health care as well. an irish company hiring 10,000 people. continuing operating profit. managing to boost profitability despite revenue being down. thank you very much indeed to the investor base. very significant profit growth to come but they are sending shares higher, up on most 10% on the back of m&a. they are making acquisitions

we want the battle of europe. but the war, the global war would not be one until we had exterminated japanese military power. the japanese at pearl harbor. -- and malaysia. if japan committed to 100 years of war and sacrifice, if necessary. check it we are prepared to lose 10 million lives in our war with america. >> eight japan committed to world domination. a japan whose home front is united behind the enemy war effort. [cheering] now, together with our allies, we could contemplate putting power against this treacherous enemy and read the war primarily of this menace. we can do this it every american in or out of uniform keep in the front of their minds, the plane site that we would not have won this war nor can we enjoy any peace, until japan is completely crushed. >> two down and one to go! [gong] >> to defeat japan as quickly as we can permanently, we must now assemble, readjust, and streamline our world forces in order to apply the maximum power. in striking this last great blow w, we will need all of our mi

and our allies achieved a victory in europe ending world war ii in europe. we are going to take you live next to the world war ii memorial in the middle of the national mall in the nation's capital for the 70th anniversary. >> malta luxembourg, greece, france, denmark, czech republic, canada brazil, belgium belarus, and australia. [applause] ladies and gentlemen, the master of ceremonies for today's commemoration is mr. alex kershaw. he studied politics, philosophy, and economics at oxford. he taught history before working as a journalist for several british newspapers. he is the author of several popular books on world war ii, including the bedford boys: the story of bedford and the longest winter. he tells the story of texas born felix sparks, an officer who participated in four amphibious invasions in europe. ladies and gentlemen, it is our honor to have with us mr. alex kershaw. alex kershaw: thank you. good morning. what a beautiful day it is today. on behalf of the friends of the national world war ii memorial board of directors and the national park s

we won the battle of europe. but the war, the global war, will not be won until we have exterminated japanese military power. the japanese at pearl harbor. japan. malaysia. if japan committed to 100 years of war and sacrifice if nothing. >> we are prepared to lose ten million lives in our war with america. in japan committed to world domination or to death. a japan whose whole front is united behind the enemy's war effort. now, together with our allies, we shall concentrate devastating power against this treacherous enemy, and rid the world perm then inially -- permanently. we can do this if each american in and out of uniform keeps in mind the fact that we would not have won this war, nor can we enjoy any peace, until japan is completely crushed. >> two down and one to go. to defeat japan as quickly as we can, permanently, we must now assemble readjust and streamline our world forces in order to apply the maximum power. in striking this last great blow, will we need all our present military personnel to bring ab

the high living standard in europe causes soil depletion elsewhere. hubert weiger: the basic message here is that we have to preserve land, not just as a means of subsistence, but also maintain it. we have to put an end to the worldwide destruction of farmland in the interests of our own survival. >> the consequences of that destruction are easy enough to see. dry, cracked and barren soil: when the ground suffers, the plants, people and animals which depend upon it suffer too. soil is one of nature's most complex ecosystems, containing a plethora of different organisms, all interacting together to make life possible. that ecosystem is now under threat the world over. all over the world, farmers with fields on hillsides have to struggle with water erosion. they clear trees to gain space to plant crops and graze livestock. but with the tree roots gone, there's nothing to keep the rain from washing the topsoil away, the most fertile layer. this process is already far advanced on myanmar's inle lake. the farmers on the hillside above are losing arable lan

the problem is fundamental structural flaws in europe. i'm more concerned about what is going on admittedly, france, spain -- in italy, france, spain. mario draghi is a hero as far as i'm concerned. mark: stay with us for more on that interview. manus: first, let's get into the breaking numbers. caroline has the numbers. caroline: 13.5 billion danish krone. creeping higher than before. organic and operating profit up 46% because the russian ruble is doing much better. compared to this time last year, the russian ruble was down 15% but on quarter terms, it has been increasing and up some 13%. it is western europe and asia that is doing the heavy lifting at the moment. it is offsetting the weakness and russia. we are seeing a bit of an upturn in terms of the ruble but it is a country that is trying to restrict sales of beer by limiting sales in kiosks. manus: the actual market share in russia has gained -- caroline: if you're looking for a glass half-full comment, that would be it. this is their biggest market. they are the number one playe

specifically here in europe. it remains to be seen as to whether this is a short-term blip or longer term correction in the bond market. >> let's pick up on european markets again. a quick summary of where we're looking at. all in the red. all more than 1%. the ftse just under 1%. germany and france under just 1.6%. let's look at rates because we've seen significant rally over the recent weeks in the euro. a lot of currencies against the u.s. dollar but the euro in particular. it's rallied nicely today. up .7%. about a month ago we were pointing toward the possibility of parity. that now seems a long way behind us. that's part of the unwinding of the same trade we've seen in the bond market. all of that have been based on european qe and markets moved a little too far. aussie dollar strong today. the head of the australian budget is due any minute now. last year there was a lot of political fall out from the budget and he only recently just survived another leadership vote so interesting to watch that and sterlin

and europe. to final alone was watched by more than a billion fans worldwide, while the official content is followed by social media users in their hundreds of millions p p this may explain why many companies have stomached the hints of scandal before. but perhaps not any more. it is only the sponsors that fifa will listen to. there are plenty of beam in the community politician, government athletes, fans, associations, who have said we with want reform, said vladimir and his careennies have arefused to listen, so the only people that have the power are the sponsors. continental and johnson & joe son opted not to rerenub their deals. but it is the top tier names that fifa will worry about most without all of them, there may be no more of this. accept matter. they are the worse effected with temperatures close to 50 degrees celsius. >> funerals have been taking place across the southern indian states gnarly 1400 people have died there because of heat related illnesses. >> this woman died because o

and europe. it was watched by more than 1 billion fans worldwide while the content is follows by social media users. this may explain why many countries have stomached the hints of scandal before, but perhaps not any more. there are politician, government fans, associations that have said we want reform, sea they have refused to engang and listen so the only people that have the power to make this happen, are the sponsors. >> some names have already dropped out so called second tier sponsors and johnson & johnson opted not to renew their deals in russia. but it is the top tier names that they will worry about most, without all of them, they may be no more of this. al jazeera still to come on the news hour, as the heat wave continues to kill in india, doctors leigh is canceled. plus. where the government plans to cancel temporary i.d. cards threatens to leave hundreds of thousands in limbo. >> and find out if alberto contador continues his charge can. and the rest of the sport a little later in th

do we want a europe that's whole? do we want a europe that's whole and free? do we want a europe that's whole and at peace? we looked at kind of historical examples of when that might have been the case. so i think we do want a europe that's whole, free and at peace, and i think our policy is that we do want a democratic ukraine and that we do want the respect for international borders. the challenge is how do you then clearly articulate it, and then what is the strategy linkage to the policy? so if that's the policy, what are the methods and mechanisms that we're going to use to then continue to advance that? and i think that gets to your point, sir. how do you prevent the spillover and how do we encourage a democratic ukraine that then becomes stable and a prospering member? that's probably where your answer is. and once that linkage is correct then we'd probably have a clearly articulated policy toward those three areas. >> europe. [laughter] yeah, it's -- and that was our second consideration. it came, actually, from the western europe and the eastern euro

but what about europe? of course the big story this year has been the out performance of european equities versus u.s. equities. that continues to be the case here on the last day of may but as we are look at the indexes in today's trade sharply lower. the xetra dax coming off the low of the day. still down triple digits. the cac 40 trading down. the italian markets basically holding on to the flat line at 23,000 732. the underperformer in these four indexes year to date is the ftse 100. the index only up about 7% so far this year where as the ftse mib up better than 24%. so big moves in europe but of course a fixed income market has been a point of worry, concern if you will for investors given the sell off that we saw just a couple of weeks back. in the past week we have been seeing stabilization in yields. 2.13%. a sharp contrast to the month of april. u.s. treasury bonds strengthened driven by a strong auction that sent the yield to its lowest level in more than three weeks but you know what experts say

reichel to come back and europe has been lagging. europe typically lags. they have the euro zone crisis, which is far more acute. what you have seen this year is better growthf earningsons, better expectations, qe, and better market performance. we see management teams start to stick their heads out of the hand and say, this is a deal where you are rewarded or punished. it looks like the chinese are ucent, nokia,-- l and the french finance minister basically blessed that deal. that's an important transformation. scarlet: an important point to make it. what about the euro and the exchange rate? in european m&a, this transnational m&a, we are to see european companies as targets as opposed to acquire or's? troy: both. you will see intro europe consolidation. it makes them a very rich target, again, back to fedex. you can't ignore the regulatory kind of support that is taking place. managers have been focused on a tiny bank consolidation for 10 years. it's a very fragmented banking system. they have recently will asked those roles and allowed for consolidatio

he decides he really wants to tour europe. and that is when he makes his money and also establishes his name. he will go around with the european theater group through germany. he is well received. switzerland, he is well received. austria, poland, and especially his zenith will be in russia. again, doing these different shakespearean plays. it is in poland where he is thinking about in 18 67, he is thinking about returning and he is lining up 100 performances back in the united states. on the love of his departure, he falls sick and dies and is buried now in poland. that is where his tombstone is. that is 1867. in 1867, robert e lee has surrendered the army of northern virginia and appomattox in 1865 and that will be, that commemoration will be this coming april, and he is now the new president of washington university which will become washington and lee. lee will live until 1870, where he dies of heart trouble. he is buried in the lee chapel on the campus of washington and lee university. where does this go after next month

europe is watching. if there is thing we have learned from greece, domestic conversations transfer quickly. everyone is watching what he says domestically and on the european stage. >> the speech is about illegal migrants which do not cover eu migrants. this has always been an issue. freedom of movement is one of the key principles that the eu is based on. i think, it is how he packages it. if he can turn around before the referendum and say, i have done all of these things, i have been tough on immigration, we are not joking, we are making sure that british people get british jobs. that would make him a more credible advocate. guy: tank you very much indeed -- thank you very much indeed. on july 8 we will bring you live coverage of george osborne's summer budget. i think we should always have summer budget. deutsche bank's agm is underway. we will bring you all of the conversation happening there. how shareholders vote when it comes to management later. some big groups saying they may not to vote in man

day in europe. look for more coverage of ve day on american history tv, and you'll find video at www.c-span.org/history. we will take you to london for the commemoration. president obama comments this morning on the 70th anniversary. president obama: today marks a historic anniversary, 70 years since the victory in europe during world war ii. on ve day, people swarmed the streets of london and paris and moscow in the cloud of fear that had hung for so many years lifted. at home, from small towns to times square, crowds gathered in celebration, seeing in dancing with joy. it would be three more months of deadly fighting in the pacific but for a few hours, the world rejoiced in the hope of peace. general eisenhower announced the news with low fanfare. the mission of this allied force was fulfilled. the simple message like the extraordinary nature of the big and staggering human loss. over five years, brutal fighting laid waste to an entire continent. mothers, fathers children were murdered in concentr

. -- rest of europe. jonathan: when you look at the political tea leaves the clear vote for the conservatives especially in england means they are voting for no change. on the one hand you have that. on the other, how do you guys read the political tea leaves? marie diron: there was a lot of commonality when we look at the manifesto. a lot the commonalities across parties on housing and fiscal and direction. i think really that provides the base for the new government to work with. and also specific policies it that will affect specific sectors. jonathan: talk to me about the banks. on friday, a strong rally. i saw the movies -- moody's note. marie diron: the have been underway fory quite some time. really increasing regulation and the requirements and a particular the bank levy in march that it will weigh on income for banks. there is also the conservative manifesto some strive to crate competition and the banking sector and it could create margins. jennifer: is it a note -- jonathan: is it a note you wo

europe's by 2017. i think there will be a lot of frustration that i referendum has been canceled because people have been expecting it and prepare for it. there will be no referendum. i think the country will suddenly become -- the referendum has been canceled. it will strengthen the u.k. which is not done very well in this campaign. and then ultimately what happens to the european question depends on hold because of the next leader. cameron will go if miliband becomes prime minister. i think the prospective candidates will have to support each other and oh i do not have a very good outlook for the character of the party. mark: thank you. well said. charles lichfield researcher for europe at eurasia. caroline: staying with the election theme. labor -- the service have promised a referendum upon elect -- conservatives have promised a reptile -- referendum on election. we spoke to this is honest to gauge their thoughts. -- business owners to gauge their thoughts. ♪ >> i think more capable people as the

damien: hello, and welcome to "focus on europe." i'm damien mcguinness. thanks very much for joining us. on today's program -- in scotland, a nuclear fleet may need a new home. in italy, migrant children looking for a better life. and in denmark, the mink that's breaking free. this month, ceremonies at various former nazi concentration camps are commemorating the 70th anniversary of liberation by allied forces. the murder of millions of european jews is arguably the most shameful episode in europe's history, particularly because it's a crime which wasn't committed only by german nazis, but also by europeans from all over the continent. the experience of france is particularly complicated. jews were not only persecuted in the part of france occupied by the nazis, but also in the unoccupied regions run by the french vichy government. but one small village quietly disobeyed. practically all the local people there hid jews, and so saved their lives. >> for pascaline magnard, the past still lives in the present. her memories of this village in france are good,

to be europe. this is not satisfactory to do 2% for six straight years. what do we need? >> yeah well our demographics allow us to do better than europe, but not still not good enough. we're going to need some policy changes around regulation and taxation in order to have a shot at -- >> you're so last century. those are, don't you know that those are the things that got nus to the problems. those are never coming back. that's what we're going to hear again and again. >> which is amazing to me. >> let's try one more time. >> the growth policies like low inflation and, i don't know, that's what we hear now. we tried that we have to do it this other way. the way we've done it it's generating no growth. or very little growth. bob doll thank you. do you have a number? what do you think we'll do today? do you think we'll be above 200? >> i hope we're above 200. although, joe, the confusion out there is good news is good news or bad news is good news. that's part of this transition. very confusing time.