♪ top storyring you our this hour. i head of a crucial summit in brussels, john paul juncker announced a brexit deal agreed with the u.k.. boris johnson i said in a tweet that u.k. and e.u. has agreed to what because a great new deal and ask parmar -- asked parliament to approve it this week. the british prime ministers suffered another setback after the democratic unionist party
said it could not proposed his rags a deal as it stands. the eu's chief brexit negotiator spoke and here's what he had to say. deal with thend a theish governments on organized withdrawal of the united kingdom from the european union, as well as the framework for our future relationship. it is the result of intensive work by both negotiating teams, which i want to thank personally. course, butteam, of also our own, both who worked with tenacity and professionalism. a michelle bonnier speaking short time ago. let's bring you the latest on this. by in brussels and let's cross live over to dave. alsoid he's hopeful and
calling for cautious optimism around this, talking about risk management. what reactionsnsre you heaearing in brussels? he i is heading across the street to the european council where he will present his deal to the 27 other eu countries. what was key during his press conference is that he said explicitly the backstop is gone. it over the early -- replaced by the irish protocol, which will be made up of consent mechanisms and a special status for northern ireland. -- key dealealer itself, it says northern ireland is part of the custom territory of the united kingdom. the devil is in the details because if you look at this deal, northern ireland is in the eu custom union for everything no risk of goods coming in through the eu customs.
also, a tricky issue was a holdup at the last minute and it appears northern ireland will be -- what we are looking at is a soft brexit for northern ireland and a hard brexit for the rest of the u.k.. the key question is how is it going to go down with all of the different parties involved? the key question is how scotland will react to this because scotland might react saying if northern ireland could have a separate relationship, why not us. but all eyes are on the 27th eu leaders.- 27 eu officials welcome the deal but are very cautious. it doesn't sound like they were in any hurry to approve this. hopes here.d any
the most we could hope for a political assent to the deal, so that you 27 leaders would put forward a communication saying we agreed in principle to the deal and now, let's handed over to the parliament. the key thing to remember is that this text agreement is not a deal. it is a dafaft -- draft text and does not satisfy the law requiring boris johnson to request an extension of no deal as agreed. in order for that not to kick in anboriris johnson t to r requesn extension, w we need a political a agreement here from the eu 27 and that may be tricky to get. they really want more time to look this over. >> thank you, following events in brussels. for now, thank you. eu and u.k. negotiators announced they have come up with a revised exit deal.
to tell us more about it is our reporter. >> where there is a wiwill the's a deal. a play on words tweeted why jean-claude juncker. he describes the latest agreement as fair and balanced. european commission president says he is rececommending the 27 eu nations endorse it at a summit later thursday. boris johnson hailed the accord. >> we've got a great new deal to take back control and now parliament should get brexit done on saturday so we can move onto other priorities cost-of-living, nhs, and our environment. >> if an agreemement is signed f the process is far from over. any deal will still have to get through the british parliament saturday where the house of commons is set to convene for a special session. for than johnson's northern
irish allies said they are against the deal, f further complicating the task. >> has things stand, we could not susupport what is being suggested on customs and suggested issues and there is a lack of issues on vat. said he wasrbyn happy with the agreement -- unhappy with the agreement, saying it is worse than the one from theresa may. >> we brought to details from brussels and let's takeke you le to benedict standing by in london. it has to be said, we have been down this road before and i suppose the question is does boris johnson have the votes for this to pass in parliament? >> indeed. this is deja vu. was in somewhat of a similar position. i think the facts that it is a draft agreement at the moment is capital already.
the fact that the dep says they are not signed up for it, even before we get to the parliament sitting on saturday, which is a very rare occurrence. at has not happened since the areclosed war, and we hearing the labour party said this new deal should be rejected. the crucial point for the prime minister is that he no longer has a majority in parliament. to try andn the dep get any y brexit deal -- dup to try to get a brexit deal and and mps toori rebels vote for this. that's a lot of if's. there is no certainty that indeed if there is a political agreement in brussels and boris johnson comes back with it, that it can make it through parliament. that henryappens is
bend, the labour mp who got voted through parliament when opposite each and -- oppositionn sees parliament a few weeks ago, this law through which effectively is to stop a no deal brexit. the 31st of october is the 31st of october, an immovable date. the problem for boris johnson is if he either doesn't get the deal or doesn't get it through the british parliament, the house of commons, this saturday, he will have to, according to the law, ask for an extension for the 27 other eu countries. at extension, according to the law in question, would be requesting an extension to the 31st of january, but we know boris johnson has said repeatedly he would rather be dead in a ditch than ask for an his press yet he and secretary said they would obey the law.
to us from speaking london. thank you. let's get you more on this. international affairs, philip tell, joins us in the studios. brusselsgood news fromom .. there are two simultaneous negotiations taking place. the first one in brussels has come up with this new deal, which is all good news for boris johnson. he's going to take back control as he has been saying this morning, describing it as a great new deal. the problem is there is a event happening in london which will be much different for boris johnson. he already received a slap in the face from the dup. 10 of those seats are supporting his government, saying they are
not happy with this deal for the moment. how one translates for the moment remains to be seen, but for the time being, they will not support the steel. he already knows he won't -- thid -- this deal. he already knows he won't get his support. the labour party also said this is worse than the deal which was negotiated by theresa may, and the liberal democrats said they want a new referendum. this is economic vandalism is the term they have used to describe the deal announced by michelle bonnier. boris johnson is on his way there to m meet with european union leaders on a two-day summit which ticks off this afternoon. he will be going with a big smile on his face, but when he comes back to london to try to get it through the british parliament, it will be much more difficult for him. as benedict was saying, will he
go back to ask for an extension to the 31st of january? that is the big question on everybody's lips. that's if the vote takes place in the deal is rejected. back to thek speech because he talked about northern ireland, stressing the ireland''sserve customs, the custom union, and none of that will go in the way of appeasing the dup members that are not happypy with the deal. isas far as the dup concerned, although majority of people in northern irelaland vod to remain in the eu, the dup says there is no way it will ever accept that northern part of thees any united kingdom and remains aligned with any part of the european union. it's a bit of a contradiction if you like between those in the
majority who voted to remain in the e eu and the dup which says for 100% it once northern ireland to remain part of the united kingdom outside the eu. that is an almost impossible situation to solve for anybody's prime minister. what they have come up with this time round is northern ireland will quit the customs union along with the rest of the united kingdom, which is something the dup has asked for, saying it has to remain one whole country. but, northern ireland, to prevent the erecting of a new border between the north and republic of ireland, which remains in the eu, will still remain within the eu's customs union. i know it sounds confusing, which means they will have their own tariffs if they have goods remaining in northern ireland. those tariffs will be
reimbursed, but if the goods go into the republic of ireland, they will have to be applied. that is how this new deal will work. there will also be checks that won't take place on the border but will take place in other areas around northern ireland or in the irish sea, which will prevent the building of a b borr between nonorthern ireland and e republic of ireland. this border r has been the key problemm as far as brexit is for the reason that, under the good fighting agreement, which ended the troubles between republicans and loyalists in northern ireland,, the governments of the u.k. and the government of the heart republic are going to do irelandng they can -- republic are going to do everything they can. those problems might come back if a front's rebuilds between northern ireland and the republic of ireland. that's why they say under the good friday agreement, which did
away with the border, there is no way they will put it back. normally, a border has to be put back. >> it forces the question of an irish backstopping central to the deal. and one of the major obstacles. one other interesting thing that comes up is systems. one of the things that michelle barney spoke about b being a priority, will brits living in france or the other way around be breathing a sigh of relief? it depends on how things go on saturday. for this first part, i think they will be breathing a sigh of relief. if it is rejecected on saturday, it won't be breathing a sigh of relief. british officials living in europe and french nationals in the u.k., there are m many, havg worried about what their future
will be after britain leaves the eu, it appears for the moment that those people already in the u.k., french people or others from around the eu,u, have nothg to worry about. it is the same for british citizezens living oversrseas. if the point system the u.k. will bring into effect, like the one in australia, kicks and later on, then after a certain period, eu citizens wantnting to live i in the u.k. will be tread exactly the same way as citizens from any other country from around the world. >> philip, we will leave it for now. from our international affairs desk, thank you. let's bring you other world news. in turkey's ongoing offensive in syria, mike pence and mike pompeo are having talks in ankara. the discussion represents pence's most significant mission yet. the offense follows president
trump's withdraw from u.s. -- withdraw u.s. forces from the region. plus, deepening divisions. our reporter has the report. >> it was a bar partisan -- bipartisan takedown. the house of representatives passed a rep is -- resolution opposing the decision to withdraw u.s. troops from syria. republicans backed the measure, going against resident. among them, allies who are openly critical of the policy. >> it's not about me wanting to stay in syria forever. it's about me wanting to make sure that isis does not reemerge. the worst thing any commander-in-chief can do with his soldiers is get back to the the enemyive back to lands taken through blood and sacrifice. >> the withdraw will allow russia and bassar assad to gain ground. the policy is heightening tensions between democrats and
the president. following the vote, meeting between trump and democrat leaders ended acrimonious with democrats accusing the president of having a meltdown. decides thehe vote vote, more than two to one, that republicans voted to oppose what the president did. that probably got to the presidident because he was shakn up by it. >> he was insulting, particularly to the speaker. this was not a dialogue, more like a diatribe not focused on the facts. >> eager to get his side of the story across, , trump hid -- headed to twitter, insulting the speaker of the house. trump remains steadfast in his policy, defending it strategically. capital, afrench quicick reminder of the top stories we are following. a green light for a new brexit
deal. jean-claude juncker says britain in the you -- in the eu has agreed to a deal. this ahead from brussels. to us, it could be the most significant mission yet. mike pence and mike pompeo are in ankara to issue turkey -- urged turkey to halt its offensive in syria. a change in pace, time for the business news. joined in the studio by my next guest. we are starting to look at the announcement of a brexit deal. >> the brititish pound jumped on the n news, this after r droppig earlier on thursday. since the announcement, it has come off the peak, but still remains higher against the u.s. dollar, almost .5 perercentage point. euro is still in positive territory. european shares surged too.
alden the green across the board. -- all in n the green across the board from midday. >> let's go straight to london to speak to our senior market analyst. craig, thank you for joining us. have investors expected a last-minute breakthrough? >> i think they have certainly been optimistic we were going to see one. the pound has been rallying for days now in anticipation of a possible breakthrough here. the fact that we have had this deal is obviously the confirmation we needed. it is obviously still -- there is obviously still long way to go. the labour opposition seems to be unlikely to side with the dems. the crucial vote could be the dup that they suggested they will not back the deal in its current form. there are few more difficulties that lie ahead and a few more challenges, but this is certainly a step forward. uncertaintyntioned,
does remain. what can we expect from the markets in the coming day? >> it will be explosive. there's going to be a lot more of a topic to call. we have a two d day eu coununci. there will be more commentary from there and domestically as well. we have a lot going on in parliament in the lead up to the saturday fitting, so i think we can ask backed plenty more drama and commentary from the opposition parties. then, it's a case if the vote doesn't get there parliament, what can we expect next? will we have an election? this is an important step forward. >> indeed. thank you for that update. >> thank you. >> back to the business. in france, m more geneneral stks are expected toward the end of the year and t the government appears ready to push back its plan on pension reform. >> pension reform has long been
a thorny issue in french politics, and reports say the gogovernment is consididering an b. emmanuel macron has watered down has plenty radicically reform franance's state pensionon sches inin an attempt to stotop striks and d protests. he insisted the reforms wiwill o aheaead, but now, it a appears e move could be delayed d until after 2025. we have the report. >> the reformer, f fearful of reform. the french government is reportedly looking at ways t to open moree pensions and plan a a may no l longer be on the e tab. the government had planned to introduce a universal pension to simple if i the currenent syste, just 42 different regimes. comiming into effect in 2025, it would hit those born in 1963 onwards. some pension schemes would have a 15 year transition period. now, the government is
considering alterernatives. one option is to only impopose e reforms on the youngest or significantly push back the implementation. that would easase tensions beten the government and france's workers. some french mps don't see any reason to rush. they're not going to bring the whole system down in december 2024, so let's start something else that will be overlap and could last several years. that's what we've agreed. one theems like this government is trying to avoid. paris doesn't want to add fresh fuel to the fire. most people in france don't have private pensions and rely only on state pension, meaning any system overhaul is especially high-stakes and likely to be extremely controversial. in past decades, governments
repeatedly tried to introduce pensions reform, but have failed to bring about meaningful change. eight unions are calling for a strike on the fifth of december. >> turning to global trade, china hopes to reach a trade pact with the united states as soon as possible. >> china's commoners ministry says both sides are keeping close communications and china as soon asach a deal possible. this is days after donald trump outlined the first phase of the deal, ending the trade war. they said they also want to work toward canceling reciprocal tariffffs that have already been imposed. president trump says he will not sign any deal with chihina until he meets its leader, xi jinping, at the upcoming summit in chilly next month -- chile. earlier, t the groups finance showed optimism.
here's the finance minister. andhere's a lot of interest moderate optimism. the moderate optimism is due to the fact that a treaty resolving u.s.-china trade differences will be signed in about a month. that is great news. u.k. will finally get notgnition, but that is always the case in mexico. there are many that don't want to draw too much attention to their success. >> many startups in mexico don't want publicity because they don't -- because publicity could make them an easy target for extortion and organized crime. that approach is holding many businesses back as they struggle to track funding and talent. -- attract funding and talent. >> startups in mexico preferred
to stay out of the sun, fearing shouting about the excessive's will bring unwanted attention. it's not unusual for companies to hire private security firms. some have even relocated their businesses abroad. iss ceo thinks the threat exaggerated.d. nono startup has ever been attacked after being talking publicly about its success. and, lest publicity means less prestige. >> publicity and promotion are grgreat part of how bubusinesses grow, because how arere you goig toto hire new peoplele aren'n'to new customers if no one knows who you are? mexico's tech sector attracted 175 million u.s. dollars in capital last year. columbia drew an almost double that, despite its economy being fae smaller. -- far smaller. mexico saw an uptick involved -- far smaller. murders.w an uptitick in
77 peoplple were murdered in the past three years. recent government survey, over 70% of the population feel their city is unsafe. this insecurity is a hefty economic burden. the 2017 mexico peace index estimates the violence cost t te mexican economy 249 billion u.s. of ars, the equivalent fifth of mexico's gdp. >> it's true when we talk about the mexican economy, we don't often list their startups or other sectors. we oftften talk about mexico in the context of trade. this is certainly interestining, and most suffer there as well. >> it's a shame that startups rmally tououting success arere going off of t the radarar. thank you very much for our round up of the business news. we will take a short break here, stay with us though, because we will be black with plenty more news headlines after this short
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