We will look at laserbased technology that can fight terrorism. Haul, low cost long wilner we generic succeed where others have failed will Norwegian Air succeed where others have failed . I will speak to that siemens ceo in frankfurt. I asked him about the failed bid. Serious were you about wanting to buy alstom . Were you trying to throw ge off . From the very beginning, i was very serious. Does that mean you seriously wanted to acquire alstom . We were considering all of our options. We took one step at a time. Outcome as ae the victory or were you disappointed . Looked very hard at it and we came back with a proposal. Deal with the train business still in play . No, i do not think so. It takes a lot of time to make a meaningful outcome. It takes a great partnership. The party is not willing to partner. A train deal is off the table for now. He thinks the bid was well worth his time. Make moreced ge to concessions. Ge is doing with the french government as a 20 stakeholder. I also spoke with him about europe. He thinks it is still too soon to call it a recovery. We see some areas which are encouraging. Seen thes a whole, has bottom. Is it too early to call it a recovery . Many jobs that we created . How many young people have we hired . Investors will be interested to hear what ecb president mario draghi has to say about the state of the eurozone economy. Hear . O investors want to details, clarity. They want to understand what the rates are going to be. Some clarity. Purposes, thecal extension of unlimited cash is a signal of the duration of rates. Theyve cut the rates, theyre offering 400 billion euros to the system to the banks. Why would you take for your money . Four year when he details about what this weive Lending Program need details about this extensive Lending Program. The market wants to that we are progressing towards that. There is a movement in syntax and language towards a much bigger game at play. What is the market take on this . I like a chart. Europe. Nth money in the market is resuming. Presuming we will have low, low rates. We did a Bloomberg Survey. 30 say 2015 will hike. These people are hawkish. Be up intos it will 1. 5 by the end of 2016. Disconnectbig between what the market is trading and what the Bloomberg Survey actually says. Fourth quarter, 2016, inflation said to be 1. 5 . One of the big stories is his diversions between what is going. N in europe in the u. S. , we are talking about when we will see the rake hike rate hike. Reaffirming that Interest Rates are not her number one choice. Data,ou look at the jobs are you coming to work tomorrow . Of course. Some sour grapes about july 4 in the office. 215 jobs. Above 200,000, it will be the First Time Since 2000. The momentum will be there. Better to hire 100 new people at 100 new companies than 100 at one company. Manus will be bringing you full coverage of Mario DraghisNews Conference. Time now for another bloomberg exclusive. We spoke with the italian defense minister about the crisis in you crane. Even though in the ukraine situation, some unacceptable things happened. Russia. Ed the door with to shut that door irreversibly would be a mistake. Ukraine and russia are moving closer to a truce. Newsroom withis a the details. There are two things. The intensity of the fighting on the ground in the east of ukraine is picking up. It is looking in all it is looking like allout warfare in east ukraine. We are hearing quite a few stern warnings from the kremlin that if the ukrainian Central Government does not stand down and implement a ceasefire, russia may act. The russian president saying russia reserves the right to protect ethnic russians wherever they are. We heard the russian Prime Minister talking about how the ukrainian president is personally responsible. And then we got this morning from the Foreign Ministry saying if the ukrainians do not implement a ceasefire, there will be consequences. We may be sense that about to reach a point of no return in the fighting. That is something the German Foreign minister communicating. That is why germany, in berlin, try to broker a ceasefire between the russians and ukrainians they did not get their just yet. They agreed to keep working at it. The markets like the fact that they were sitting down. Globally we have seen the markets ignoring the situation. The . It still moves up and down. The russian stock market yesterday was up for the first time in six days. It is not over yet. It is not guaranteed that they will come to some sort of truce by saturday. The European Union says if that does not happen, they might have to move to the proverbial stick. One thing that would move the market. There seems to be a lot of bluster about that last week. Bluster, nothing. This is something we have learned exclusively. The European Union is looking at trying to stop the flow of funding for russian products. Eib belongs wholly to the European Union. Last year, it lent russia 1. 5 billion. It was set up in 1991 by the ee you. Eu to try to fund the project in the former soviet union. It might be a little bit more difficult because there are more stakeholders than trying to shut down the bunny. They think they have the votes to be toe further funding. This issue of unanimity is a big problem. Agree countries have to to the sanctions for them to happen. Not everybody is ready to go there just yet. Norwegian air is going where other airlines and tried to go before, but have failed. We will ask the seo what he plans to do differently. The ceo what he plans to do differently. Welcome back to the pulse. One of the fastestgrowing Lowcost Airlines in europe is announcing its transatlantic route. Work for the low for the long haul flights. Good morning, thank you for coming in. A lot of companies have tried to do this. What makes you think you can do this differently . Completelya very lowcost in operation. There was a shut down nly because of a fire different offices were unable to settle tickets. Is it all about the dreamliner . Work. Onomics do not he would do it if he had the right tool to do it. What are we talking here question mark 6, 7 what are we talking about . You should remember that we were voted as the best local airline last year and we need to bring not in. Up. S a really good set bar. Ave your own you purchase everything you want to drink or eat. You have inflight personal entertainment and you order directly. It starts at 150 pounds. Feesall of those extra make it comparable . You can bring your own food. We dont care about that. You should always be able to fly on the lowest price. You can choose extras if you want to drink. You have been facing some pushback because you do not have your irish license approved. What is the latest with that . They hate competition. Some airlines dont like it. They favor competition. You think the approval will come through . This is a political issue. Sooner or later, they have to comply with your geisha and. What about gatwick . Why do you think you can make it work . I think it is ideal. We utilize everybody can connect at gatwick. It is ideal. What will be your first asia destination . To a lot of fly places in asia. A lot of is there going to be a business component . How competitively will that be priced . Way cheaper than everybody else. Give me a price range. Some people are looking at this and given that you are trying to areate out of ireland, you following in the footsteps of the big deals we have seen. We have to comply with all of the tax regulations. We do not have anything in ireland. And there you are. Alex like a trolley. That looks like a trolley. Do you think everyone in the u. K. Is obsessed with this competition for the third runway . Do you think this will tip the scales in the battle for the third runway . Gatwick needs more space. Traffic flying into gatwick. Thank you so much for joining us. Stay with us. We will have another big Airline Interview. Well be speaking with michael oleary. We will try to do lowcost longhaul. Stay with this, we are back in two minutes with more. Welcome back. Lets see how the markets are trading this morning. Lets have a look at what is going on. Rising equity markets, waiting for mario draghi to deliver the level of clarity. I want to focus the attention further north. This is called the u. K. , Goldman Sachs raises the rate target. 2015, they have raised their view to three as well. I willhi is in bring you that interview live. Has he got the ability to tell the market . What is my view . In terms of why the banks want money. Ow longterm eurodollar coming off of it slows of the day. By the yearend end, care reducing the targets for the year and. Barclays said time for the dollar to shine. That is the key issue for these markets. A supersonic jet, a super sensor, and a super scanner. Is this the golden age of british is nearing . You can follow me on twitter. Welcome back to the pulse live from bloombergs European Headquarters in london. I am olivia sterns. The ecb is expected to keep Interest Rates unchanged today. This after the Central Bank Cut its benchmark rates to a record low last month and introduced a negative deposit rate. The decision will be announced today at 12 45 london time. We will bring you maggie bring you maggio draghis News Conference. We sat down for an exclusive interview in frankfurt. The ecb has been so determined. [indiscernible] germany is voting on whether to introduce a nationwide minimum wage today. The pay will be set at eight euros . 50 per hour. It was introduced by Angela Merkels third term coalition. Critics say it risks killing jobs. The u. K. Has what some might say is a long and glorious past when it comes to engineering. Firmware ways to radar, britain has pioneered some of the most important technologies in the world. A celebration of British Engineering took late and three finalists all look likely to fly the flag for many years to come era get. A supersonic jet, a super sensor, and a super scanner. Three super technologies fighting for a prestigious award. What makes these british innovations stand out . This fighter jet has a special advantage. A system designed by rollsroyce means it can take off vertically. While this isnt the first get to do it, it is the first to hit a supersonic speeds. The thrust is so powerful it can off the ground. Next up is, a technology that ferns fiberoptic cabling into a microphone. This allows better and cheaper security monitoring and improve safety along pipelines and roadways. It is already being used to aid the safety of high gel at fracturing hydraulic fracturing. It is not a jazzy microwave. It is an airport scanner. The device can identify liquids or solids in a sealed container. Initially designed for pharmaceutical companies, its new form insecurity detection could speed up airport queues, saving millions of dollars. While already deployed in 65 airports in europe, its Developers Say it could also be used for Cancer Screening and food analysis. Tom gibson, bloomberg. Is the winnernow of the prestigious nick robert award. Ofo with us, philip, the ceo the Royal Academy of engineering. Welcome to the pulse. Paul, lets start with you. How did an airport scanner be out technologies from supersonic jets . Very stiff competition. We are a Small Company. I think it is because we have a can Novel Technology that identify the chemical composition of materials inside sealed containers and that has a very clear opportunity to be used for airport security. I think it is a very novel thing. I have a vested interest in it. I was thrilled to sneak a yogurt past airport security. Thatyour Technology Mean we are going to see the end of the ban on liquids . Our Technology May be part of that picture. It is part of a framework that is coming in. There is a phased implementation over a few years where the aim is to lift the restrictions on carrying liquids. That is not at that point yet. Airports deployed this technology and are starting to screen certain types of liquids and containers. Over the next few years, we hope that would be the case and you would be able to take wine and so forth. Can you imagine . I cant. It seems like those days are long and done with. How confident are you in this security . Obviously, security scanners always have to be one step ahead of the threat. It seems like somebody could come up with some sort of way of deceiving the scanner and putting in noxious chemicals that dont turn up. The technologies approved for airports are rigorously tested by a body in europe, the european Civil Aviation conference. They are put through independent tests to verify they meet the highest detection standards with very few false alarms. It is really tested to try to that. Hat area tell us about the competition. Finalists,d of the with an Amazing Technology using fiberoptic cables to do tech audio sounds over great distances. What this award shows is the scale and breadth of innovation that is happening. Brilliant Companies Large and small across the u. K. What we saw last night were the three finalists. There were actually many more who submitted proposals to all of them. The three we saw last night, any one of them could have won array easily. They were so brilliant. The fact that pauls company has come through shows firstly how brilliant the technology is. Great engineers were behind it. Also, the market potential of this company and this business is huge. It is not just in airport security. It is in other areas where the technology can be used. Of course. Interesting to see that competitors here are a range of startups such as yourself. Cobalt all the way to rollsroyce. Speaking of the market potential, what is the impact of winning this award for your business . We are a Small Company still but it is really huge. Really is the biggest award in engineering in the u. K. Thinkalso a great story i for british industry in the sense that we are a story where Academic Research has gone through various stages of innovation to a product with commercial success. It is really a nice story. Also for the future of engineering in britain. Do you think the cobalt scanner will become the global norm . We are talking to these regulators have started in europe but we are talking to other parts of the world as well. There is a movement to try to lift these restrictions in various countries around the world. It would be nice to think that it would be the global norm. Since you are a great perspective on different sorts of emerging technologies, where do you think the biggest Investment Opportunities right now are . Goodness, that is an enormous question. Because engineering covers such a huge breadth of technologies and activity and people involved, from the very highest level of intellectual skill through people who are making the world work for us, anyone one of these opportunities is just enormous. It is one of the reasons we have a Campaign Running at the moment about promoting what engineering is doing for society in all sorts of ways, including for the economy. I think one reason why the u. K. Economy i keep my fingers crossed here is doing relatively well, is if you look at some of the Engineering Companies in the u. K. That are developing, there is fantastic stuff being done. , if you give an example look at the u. K. Car industry, Companies Like jaguar, land rover, they are growing at a fantastic rate selling brilliantly engineered cars engineered in the u. K. That is just one opportunity of a very great many. What do we need to be doing to attract and keep engineering talent . We need to be talking about the great stuff that engineers are doing. That is one of the reasons the Royal Academy of engineering held its annual awards, to promote the great stuff that people are doing. We had 400 or so people at the royal opera house. From across the political spectrum, across business and industry. They can go out and talk about it as well. Immigration reform . We just need talent in the u. K. We need our own homegrown talent and we need talent from across the world. We are very keen that people who do have the talent that we want come to the u. K. To work for Great Companies and help us grow. Thank you so much, mr. Paul greenish. And you, paul, thank you so much and congratulations. We certainly wish you luck. It is time for todays hotshots. Lets take a look at these mountain bikers. They took their skills Cross Country try out one of americas most challenging courses. They pulled off some incredible flips and jumps along the woodland trail. Paris isnt known for its concrete terrain, but behind the breathtaking sights there is a skateboard paradise to be had. Here are some parisian pros taking a skate tour of the city. Surfs up for the spanish team. Competitors got in some practice and soaked up the sunshine on their home surf. This is just before warming up for the next major tournament. Earnings, the u. K. s reports. Welcome back to the pulse live from bloombergs European Headquarters in london. Pound land has issued its first Earnings Report since going public. It is set to benefit as the economy in england improves. Is our European Business correspondent, caroline hyde. Why is pound land doi