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- [00:04]
UBS Narrator
Craft matters in small ways, like how a coffee is brewed, and in not so small ways, like how your money is cared for. Which is why for 160 years, UBS has elevated banking to a craft, tailoring unique strategies that combine human expertise with the latest technologies, all happening across 24 time zones and and 12 key financial hubs. With you at the heart of it all, UBS advice is our craft.
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Emma Nelson
You're listening to the Globalist, first broadcast on 10th October 2025 on Monocle Radio. The Globalist in association with U. Live from London. This is the Globalist with me, Emma Nelson. A very warm welcome to today's program. Coming up, France will be given, we believe, a new prime minister today who will take on one of the most poisoned chalices in politics. Also ahead in the next 60 minutes, the latest on the peace deal in the Middle east. As the Israeli cabinet agrees to a ceasefire with Hack plus and we can.
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Simon Bouvier
Become that message of hope to promote.
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Philip Breen
Peace and unity throughout our world.
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Emma Nelson
Pope Leo chooses the Middle east as his first international destination for travel.
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Hannah Lucinda Smith
And the core of Alfred Nobel's vision was the belief that committed individuals can make a difference.
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Emma Nelson
We look ahead to the announcements of this year's Nobel Prize for Peace and ask if any winner can be free of controversy. All that, plus the film news, what we learned, and the papers too. That's all coming up on the Globalist. Live from London. First, a quick look at what else we're following in today's news. The US President Donald Trump and his Finnish counterpart, Alexander Stubb, have signed an agreement for the US Coast Guard to acquire up to 11 icebreaker ships. An earthquake, magnitude 7.4, has struck the Philippines, triggering a tsunami warning in several neighboring countries. And Peru's congress has voted, voted to impeach the president. Dina Boluate, whose current approval rating stands at 2 to 4%. Stay tuned to Monocle Radio throughout the day for more on these stories. But first, by the end of today, with any luck, France should have a new prime minister, and as a result, its politics set on a more even keel. How this will happen is still unknown. Last night, France's socialists were claiming only they had the key to unite the country. The far right was describing the situation as a pathetic comedy. However, that could only be resolved by a snap parliamentary election. Well, to gaze into the crystal ball, I'm joined now from our Paris studio by Monocle's Paris bureau chief there, Simon Bouvier. Good morning, Simon.
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Simon Bouvier
Good morning. Gazing into the crystal ball, My specialty.
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Emma Nelson
Go for it. Well, let's have a look. Le Parisien is having a go. Just looking at their front page this morning. The breaking news is that Macron is going to be inviting party leaders to the Elysees palace at half past two this afternoon, but will be excluding the far right national rally to the meeting. What more do we need know about what's actually on the cards today?
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Simon Bouvier
Correct. And also excluding the far left, Le Francis Whomis party. So he's, you know, essentially, I think critics would say he's trying the same thing that he's been trying since the beginning of this political crisis post the early elections that he called last summer. So from the left we'll have Mr. Boris Valot from the Socialist Party, representatives of all of the different factions, including Marin Tondouillier, the leader of the Green from the central bloc, who used to be united behind the president but is now somewhat fractured. We'll have Gabriel Attal of the former Prime Minister, of course, he was Prime Minister when Macron called these early elections last year. Mr. Bayeroux, the former Prime Minister as well. Edouard Philippe, also a former prime Minister, but from his first term. So there's going to be a lot of people at the Elysee today, starting at 2:30, to try and find what option they hate the least. I think we've been talking a lot on Monocle Radio these days about French political culture and how ill suited it is to the kind of consensus building, Emma, that is necessary in a situation like this. Now we're back to our old ways. We always complain that picking the president is more about eliminating the person that we dislike the most. In this case, I think it's going to be the political parties eliminating the option that they dislike the most, which is new elections. New polls show that the raison Blument national would be the big winners and that almost everybody else would lose seats. So I think that is the stick that President Macron is wielding today.
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Emma Nelson
Not to make too much light of what is clearly a deep, deep political crisis, is there anyone left to take the prime minister's job?
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Simon Bouvier
I mean, Emma, the jokes online about who's going to be appointed. Yesterday there was a ceremony at the Pantheon in Paris to accept Edouard Badanter, the former Justice Minister and the man responsible for abolishing the death penalty in France. He was honored in a ceremony there, but of course he has passed. A number of years ago there were jokes online saying maybe he should be the prime Minister, because right now nothing else seems to be working. So there are a few names making the rounds and one that in the last couple of days has been kind of pronounced insistently as Jean Louis Bourlot, a former minister, a former mayor of Valenciennes, a businessman, he's the owner of the Valenciennes football club, who has a kind of. Of maverick profile that could potentially appeal to the left and to the right. A number of figures from the right, including the president of the Republican Party, former Interior Minister Bruno Rotaillot, said he would be open to a Bourlou nomination. But there is also the possibility that Macron might rename Sebastien Le Cornu, who famously just resigned after 27 days in office, but with a very different government. I think the name of the game here is how do they get a budget past Parliament? They have until Monday, so this upcoming Monday to present it to Parliament.
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Emma Nelson
It's an incredibly difficult situation insofar as Macron seems to be insisting on pushing on either a sort of a central or a technocratic approach in order to get the austerity budget through. But as you say, it does not square with the way that French politics sits at the moment.
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Simon Bouvier
Yes, again, I think that all of the chaos of the last few days is mostly due to the fact that all of these parties and the personalities within them are jockeying for position in the presidential elections that are going to be happening in 2027. You know, even though voices calling for President Macron to resign have grown from being ultra fringe to being a little bit louder, in my estimation, there's absolutely no way he will set the precedent that a democratically elected president can be pressured politically into resigning before the end of his term. So he will not leave, in estimation, before 2027. Macron won't. So it's going to be more of the same unless we could find a way forward. And I do think that the. Look, this is not to your advantage. If we go to other early elections, I have the power to call them tomorrow if you mess with me. So let's get around the table and get this budget passed. I think that might be an approach that French political culture can understand, let's.
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Emma Nelson
Say, and indeed the French economy can stand, because if you look at the papers yesterday, I think there's one headline that France has stopped spending because it's worried about rises in taxes and austerity budget either being passed or not being passed. It creates massive uncertainty and the economy is reeling because I think the stock market tumbled on Monday when Laconia stepped down.
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Simon Bouvier
Yes, I think, as I wrote in the Monocle minute this week, I think this is a new phase as far as the markets and the, the world of business here really is concerned, where they're thinking, okay, well, we knew that things were going to be unstable, but this bad, where parties say one thing and 24 hours later they withdraw their support over what seemed to be trivial matters. If things devolve into kind of naked partisan plays, excuse me, then they don't have any way, any visibility over what's going to be happening in the months ahead. So hopefully, I think the objectives now are way more modest than they were the last few times around in this election of the Prime Minister. Can we get a budget through by the end of the year? And then the rest is detail. That's how bad the situation is.
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Emma Nelson
Finally, while we've got you, Simon, what else are you following today in the Paris bureau?
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Simon Bouvier
Well, wouldn't you like to know, Emma, today I'll be working on a secret project for the December January issue that I, I cannot tell you about too much. But I'll also be meeting with a couple of writers, including Thomas Chatterton Williams, our friend, and Monocle Radio contributor, to see what he's been up to.
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Emma Nelson
We look forward to all the secrets being unveiled. Thank you so much. Monocle's Paris bureau chief, Simone Bouvier there joining us from Rubecherment. You're listening to the Globalist. An update now on developments in Gaza as Israel's security cabinet voted to formally agree to a ceasefire in Gaza after a two year conflict. Large crowds gathered in hostage square in Tel Aviv last night in anticipation of an announcement that the remaining hostages will be released by Hamas and will return home to Israel. Hamas has reportedly been given assurances that the conflict is now permanently over. Meanwhile, a ceasefire is expected. The UN is expected to start deliver to deliver large lorry, loads of aid into Gaza. And it's also been announced separately that Pope Leo is to make his first international visit next, next month to Turkey and to Lebanon, bringing the region into sharp focus. Well, I'm joined now from Istanbul by Monocle's Istanbul correspondent, Hannah Lucinda Smith. Good morning to you.
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Hannah Lucinda Smith
Good morning.
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Emma Nelson
Let's just assess where we are this morning in terms of Gaza. We have the Israeli Security Cabinet agreeing to a ceasefire.
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Hannah Lucinda Smith
Yeah, a really, really key development this morning, the ceasefire deal, the 20 point plan that's been drawn up by the US, Qatar, Turkey, various countries kind of coming together. That's been approved, it's been ratified by the Israeli Cabinet. A ceasefire now is expected to come into force within the next 24 hours and within the next 72 hours at least Israel hopes those hostages might start being returned.
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Emma Nelson
And this was the last step to set the deal in motion, wasn't it, this crucial meeting inside the Israeli Security Cabinet. But it wasn't just them. There was the US envoy, Steve Witkoff, and Donald Trump's son in law, Jared Kushner, who were in there too.
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Hannah Lucinda Smith
Yeah, absolutely. And, you know, as I mentioned before, also Turkey, Qatar and Egypt particularly played a big role in this here in Istanbul. There was plenty of news on Wednesday night of Ibrahim Cullen, who's the head of the Turkish intelligence services and very, very close to Erdogan, going to Qatar to meet with Hamas to put this to them. And it was, of course, finally accepted to them. So, yeah, the real push has come from Trump and of course, from his envoy, Steve Wyckoff, but also it's been regional actors as well playing their part.
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Emma Nelson
And indeed, there is a sense, isn't there, that this could actually be a moment when there is a turning point in the history of the Middle East? Is that overestimating the magnitude of what's just happened?
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Hannah Lucinda Smith
I don't think so. I think if it stands, this is a really, really significant moment. Of course, let's just put in some context. There have been other ceasefire deals. They haven't stood. They have all fallen apart. This one does seem to be more substantial. And of course, if we're going to look more widely, as you said, of course, the, the conflict between Israel and Palestine, and particularly what's happened since October 7th, is really at the basis of so much of what has gone on in the Middle East. I think, you know, there are other things going on, particularly, you know, the fall of Bashar Al Assad in Syria nearly a year ago now, really, really kind of shook up the power lines in the Middle East. But this is a really, really major thing. It's one thing when you go across the region, you talk to anybody, not just Palestinians, kind of anyone on the Arab street. This is something that they really kind of feel, viscerally, the plight of the Palestinians. They don't see it as, you know, the something happening to people in another country. They really feel it as something that's happening to their community. And really, until this conflict is put to bed, I don't think there's any kind of hope of lasting peace across the region.
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Emma Nelson
Is there a sense, though, that that various other countries are able to now feel as if they can take the pressure off Israel a little? The fact that Israel has agreed to a ceasefire, the fact that the Israeli Defense Forces will pull back and the and also the fact that, you know, Palestinian prisoners will be released in exchange for those absolutely vital hostage returns to happen.
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Hannah Lucinda Smith
Yeah, of course. I mean, I think, you know, there's going to be some amount of cynicism, of course, because, you know, as we mentioned, previous ceasefires haven't held. But I do think, you know, everyone is really going to be having this hold and, you know, you've got to give Israel a little bit of space to allow that. But I mean, on the other hand, it's not just in Gaza where Israel is kind of enacting this policy of pressure on Palestinians. Also in the west bank we're seeing those land grabs continuing, huge amount of criticism on that from, from other countries. And I think, you know, Gaza is one thing, but I think, think there has to be a kind of turnaround in Israel's state policy as well.
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Emma Nelson
Let's move on to this announcement that Pope Leo, the new Pope, is going to make his first international visit next month and the two countries that he has chosen are Turkey and Lebanon. Is there a reason why?
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Hannah Lucinda Smith
Yeah, so the official reason, in Turkey, the Pope is going to be going to a city called Izmit. It's not far from Istanbul. It's quite an unremarkable city, apart from the fact that five years years ago, a ancient basilica, millennia and a half old basilica, re emerged from the waters of a lake close to their quite incredible photos, if you want to, if you want to look it up. It's called Neophytus, a really, really holy site. Officially, of course, that's the reason why the Pope will be going to Turkey first. But, you know, underlying that and linked to what we've just been talking about is this kind of, you know, broader conflict in the Middle east, the broader unrest in the Middle east, of which, of course, Christians have been a large part. We've seen in Syria, you know, a huge part of the Christian community there has fled the country, also in Lebanon, also in Iraq over the past 20 years. So I think this is, is really, really symbolic at a time where the Middle east has been through a huge amount of chaos, a huge amount of upheaval. But also, you know, there is this kind of glimmer of hope. It's hugely significant, the Pope's choosing these two countries to go to first.
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Emma Nelson
And the fact that the Pope is, we have to sort of place this in the context of his predecessor, don't we? Pope Francis, who was very vocal when it came to the conflict in Gaza. He was condemning, and I'm quoting here, condemning this shameful humanitarian situation, expressed his desire for a ceasefire and maintained regular contact with the small number of Christians who live in Gaza. This was something that Pope Francis did not shy away from when it came to speaking out. Where do we think Pope Leo can take this or will take this?
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Hannah Lucinda Smith
Well, I think that's something that he is going to really kind of show on this trip. And he's. His people have already said that he wants to express and affirm his identity as a Christian in a world of many different creeds, where all people, regardless of religion and race, are called to live together in mutual understanding. Now, clearly, that is not as strong a statement as the kind of thing that we got used to hearing, hearing from Pope Francis. It's very much about unity, it's about peace, it's about reconciliation. But I think, you know, we'll have to watch very, very closely what he says in Turkey and also in Lebanon to get a sense of, you know, whether he is going to be as forthright as his predecessor.
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Emma Nelson
And there is something, I mean, yesterday he welcomed a group of journalists to. To visit him at the Vatican. And the message that he gave out there was that journalists need access us to report events which we need to see. And he said, if we know what is happening in Gaza, we know what is happening in Ukraine and every other land blooded by bombs, we largely owe it to journalists. This is not an easy line to say in Turkey.
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Hannah Lucinda Smith
It is not. And it will be interesting to see whether he repeats that. I mean, of course, from Turkey's point of view, you know, if you just look at that statement as it is, they would absolutely agree with that. They would say, yes, journalists do need to go into Gaza. They would probably even talk about press freedom. They would talk about the fact that, you know, some of, you know, their own. There are Turkish members of parliament on the flotilla that Greta Thunberg has been part of as well. They would say that was part of the same thing. But of course, you know, when you talk about internal Turkish politics, they would probably say something quite different. Turkey has, you know, over the years, recent years, been the biggest jailer of journalists in the world. You know, that's still the case, even if it's, you know, not the biggest it's got. Also, many, many opposition politicians in prison, and President Erdogan does tend to react quite forcefully when anyone from the outside criticizes that. So I think, you know, if the Pope is going to walk a kind of careful line and keep his relations in Turkey good, probably we won't hear so much about the journalists in Turkey.
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Emma Nelson
And finally the relationship between Recep Turp Erdogan and Donald Trump notwithstanding, it is interesting that in the last few months, and indeed last few days in particular, the focus on America's ability to bring about or to attempt to solve intractable problems has been highlighted. This peace agreement that has been agreed to, has been struck, is being called the Donald Trump Agreement. And now we now have an American Pope Francis going to the region where in the past, dare we say it, that American involvement has not always been welcome.
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Hannah Lucinda Smith
It hasn't. And what's really, really interesting is that on the one hand, Donald Trump was meant to be America first and you know, no modern wars, things like that. And on the other hand, as you say, we're almost seeing sort of American foreign power growing in the region. We're seeing Donald Trump as, as the president who's managed to bring these very, very strong, difficult characters to the negotiating table. Also, as you say, an American Pope as well, going on this very significant outreach tour. I think this is going to be the other interesting thing. Just what kind of, of form is American power and influence in the Middle east going to take over the coming years? You know, clearly the era of, you know, military intervention is, well, in the past, nobody in America or in the Middle east wants that. But clearly America still does have a role to play and particularly with the figure of Donald Trump, with his, you know, very, let's say, special relationships with figures like Netanyahu, like Erdogan, you know, figures are really sort of cut from the same cloth as him, that the strong man, bombastic, you know, prefers doing their deals in backrooms, personal relations. So it's going to be interesting how that kind of American influence carries forward in the Middle East.
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Emma Nelson
Monagles Istanbul correspondent Hannah Lucinda Smith, thank you so much for joining me on the line. Still to come on today's program, we.
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Andrew Muller
Learned that though it may feel like we have as a species done little with the last decade or so other than listen to Donald Trump, we should have listened to him earlier.
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Emma Nelson
Andrew Muller will be here to bring us his guide to the last seven days in what we learned. Stay with us. On the globalist.
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UBS Narrator
Craft is a matter of perspective, a unique outlook, an obsessive attention to detail. With UBS's Chief Investment Office House View, we're focused on identifying the latest investment opportunities and market risks to help you achieve your financial goal goals so you get the big picture broken down into thought provoking insights. Delivered daily and curated by over 200 globally connected, locally active analysts. UBS banking is our craft.
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Emma Nelson
8:21Am in Zurich, 7:21am here in London. Let's have a look at the papers. Joining me in the studio, Steve Crawshaw, author, journalist and formerly Human Rights Watch UK director. Good morning, Steve. Equipped with printout.
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Steve Crawshaw
I'm so old fashioned. I still live in the 20th century, I swear to you.
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Emma Nelson
I don't think you do, actually. I think you just sort of live in quite a sensible place. Welcome to the studio. You smiled then when you listened to Hannah Lucinda Smith telling us about Pope Leo going to Lebanon and Turkey. And you're in the middle of writing an epilogue to a brand, a book that you have that has only just got the, the ink dry on it. And this is all about the unusual moments that we're experiencing in the Middle East.
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Steve Crawshaw
Yeah, it is extraordinary. Very interesting conversation you were just having there. Among many other things, the book, which is about war crimes and justice and kind of what can be achieved and what cannot be achieved, it was very obvious to me in the epilogue chapter I'm just writing, which is basically the Year of Trump, came out in February. The original book, Trump was the negative factor in absolutely everything. We're now all having to adjust. The fact that this slightly more than a slightly crazy guy may have helped unlock certain things. But on the one hand, there's lots of stuff, as you were just discussing there, so many question marks in the air. But also very interesting to me with the war crimes and justice angle is, does that then mean that people go, you know what, this business of holding people to account for the crimes, let's just move on for that. And I think that would be very, very dangerous if that happens. I hope it won' but that will certainly be Trump's instinct, who loves impunity in every shape and form.
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Emma Nelson
And this is a difficult question of timing that the world's newspapers are trying to fathom at the moment, because there does need to be that time for relief and for celebration that there is a ceasefire being agreed, that the guns will fall silent and that aid will go into Gaza. Harrods, I think you wanted to draw our attention to this story. And the headline says, for Palestinians, the relief of the Gaza ceasefire belongs to others. Two peoples will wake up up under very different skies, one free to heal, the other trapped in the ruins. So just the magnitude of the problem is laid bare now.
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Steve Crawshaw
Yes, exactly, Harritz, as I've said before, indeed in conversation with you as well, I find so interesting is this Israeli paper which brings such a humane perspective. And I think is valid is important for all of us to read. And I think, as you say, it kind of goes to the heart of it with that. These are two overlapping stories, but very, very different stories. And as she says in that piece, that Israelis can now go on to heal, but for the Palestinians took their first deep breath in two years, not because they felt safe, but because they had survived. And the word end feels hollow and for all the obvious reasons. And I think that sense of like, how do we actually get stability? And justice, of course, is not the only thing that brings stability. But what we've seen, not just here but in so many other contexts, is the lack of justice fosters so much instability and violence in the years to come. That's something which Trump undoubtedly, with his transactional approach, doesn't understand, but I hope the other politicians may do.
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Emma Nelson
Let's move to a story of an absolutely outstanding article written by Radislav Sikorski, who's Poland's deputy prime minister, foreign minister of Poland, writing an op ed in the New York Times about the fact that while the world's focus is on the Middle east, understandably, Vladimir Putin is still pressing on with his offensive in Ukraine. And there are reports overnight that there has been a huge attack on the Ukrainian capital, Kyiv. Power cuts are in action. And one wonders whether you think that the timing is very deliberate.
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Steve Crawshaw
He is a very, very smart politician, educated partly here in Britain. He understands the world very, very well. Radek Sikorsky, foreign minister and deputy prime minister, you say. And the timing of this for the New York Times, as you quite rightly say, is clearly very, very consciously done. The messaging is so important that it's like, okay, you are looking and focusing properly on this one, but if you don't look at what's happening in Ukraine, you are going to. You'll be losing the plot completely. It's for the New York Times. So above all, it's for the American audience. It's directed very directly at the White House. Not to be kind of doing the soft soaping of Putin, but I think at one remove probably. It's also for European politicians who of course, have taken a very different view from, from Putin. But I think there is the worry of like, can we just move on and kind of leave this behind, as it were? And yes, the Ukrainians will suffer, but because at the moment, Western Europe is not feeling the pain of that war. But as we've seen with the drone provocations which he highlights, this is something which can still spread across.
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Emma Nelson
He highlights. Well, he Discusses the possibilities of how to resolve this conflict. And one thing he says it it is possible to negotiate with Russia first though, you have to show force and only then can you have dialogue. He reaches back into the past. He talks about Reagan and Gorbachev ending the Cold War, but the Americans had absolutely had to sort of break Russia militarily and economically and challenge the whole ethos of the Soviet Union before anything could happen. And he's saying this is what has to be done with Putin.
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Steve Crawshaw
Yes, exactly. So it's super interesting. I was actually just a few weeks ago, I was the Warsaw Security Forum where he was speaking and the Prime Minister there was speaking and a lot of senior Europeans and some senior ish Americans were there. Where that sense of this pressure needs to be put on was so strong. We hear it from the polls, we hear it from the Baltic states who've all been in that Soviet domain in greater or lesser terms in the passer domain of Moscow. And the idea that if we just cozy up and if we kind of make him feel good, that'll be better. That for many, many years was the European and the American approach with Putin. It changed of course with the full scale invasion. But we're still hearing from some politicians that like if we can just make that dialogue. And I think he's absolutely right. I don't feel a cold warrior in many other respects, but to be honest, on this particular thing, unless you put that pressure, things are not going to go anywhere good.
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Emma Nelson
Let's stay with the New York Times. An article about weddings in Syria and the pro and the and shooting guns in the air as a celebration as being. Well, they're trying to stop it.
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Steve Crawshaw
I love this. So one remove. This is a story about kind of war and peace and what happens at the end of a war really. So gunfire at weddings is very, very common across the Middle East. Of course it's a kind of this way of celebration, but equally it's something which people often get killed from falling bullets or from things going wrong. And this was particularly true in Syria where there were so many gun around. And there are extraordinary stories in this lovely, lovely piece that's been written which is kind of a portrait of weddings now. And it's kind of about the rule of law coming in because theoretically guns were always banned, but you just gave a few dollars to a militiaman and everything would be fine. And there's extraordinary stories of how rocket propelled grenades would be fired or hand grenades were being fired. This is about rules are here. You will not do this you, if you're part of the groom's party, may be arrested if this happens. But it was interesting to see even there the rule of law isn't kind of quite all there. So one of these guys was part of the party, was detained afterwards when there was some gunfire and had to hand in a gun. And the groom said, well, I don't have a gun. So he literally had to go and buy a gun in order to give that to the police. I was there a few months ago in Syria and, and I found so interesting that sense of trying to rebuild normality in a whole range of different things, including like weird things like parking rules. And here we just have another example of that. I do hope that Syria can stay stable. It's had huge amounts of instability and continuing violence even after the end of Assad. But it's a place where people do hope for the best, for sure.
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Emma Nelson
Steve Crawshaw, author, journalist and formerly Human Rights Watch UK director, thank you so much for joining me in the studio. You're with the Globalist on Monocle Radio. The time here in London is 7.29am A quick look now at some the headlines we're keeping an eye on today. US President Donald Trump and his Finnish counterpart, Alexander Stubb have signed an agreement for the US Coast Guard to acquire up to 11 icebreaker ships. The deal is intended to bolster US national security in the Arctic. An earthquake, magnitude 7.4 has struck the Philippines, triggering a tsunami warning in several neighboring countries. At least one person is believed to have been killed. Killed. Peru's Congress has voted to impeach its president. Dina Boluate's current approval rating currently stands at between 2 and 4%. She's accused of illicitly profiting from her office. Peru has had six presidents since 2018. Three of them are currently behind bars. Belgian Police have arrested three people in their late teens and 20s suspected of plotting attacks with drones. The country's prime minister was reported to be one of the targets. And United Airlines is to offer new airline routes that connect the US Directly to Croatia, Italy, Scotland, Iceland, South Korea and Israel starting next year. The new non stop routes will provide US Travelers with access to smaller, off the beaten path locations. This is the Globalist. Stay tuned. Time now for a closer look at some of the other headlines we're following. Here's Robert Bound with a look at why we no longer drive convertibles.
- [31:36]
Robert Bound
As Europe starts to stack the garden furniture, snuggle into its merino and acknowledge the autumn with a tolerant shrug, it's time we took stock the season of mists and mellow fruitfulness is doing Keats pretty crowd beyond the gate. The roads are still dry enough for a few weeks of four wheeled fun and the sun, when it does, shines warm enough to remind you it's a slim cousin of that blazing high summer blob. So you'd think with a good times frisson, I know I'll get the convertible out. But you won't, will you? Because you, like 99% of other drivers, don't have one. It's one of the summer's sadder statistics. People aren't buying convertibles anymore. As temperatures rise and the seasons continue to squabble over the copyright for spring and autumn, sales of that once beloved symbol of carefree motoring and summer escape the head turning topless model have dropped like a stone. Now the following are UK figures because Britain is, despite a rainy reputation, easily the keenest top dropping country around these Europeans European parts. But last year just 12,173 new convertibles were registered in the UK. That's an 87% plummet in sales from Peak Cabriolet in 2004. That's making last year's the lowest figures for two decades. The number of models themselves available to purchase new has also fallen 50% since 2000, meaning that there are currently only 16 new convertibles with which to decorate your driveway. You'd have thought that all those lockdown puppies now grown into stinking great Bernese mountain dogs would need a little more wind assisted ventilation. But no. Why have convertibles fallen out of favor? Isn't it that it's actually too hot to have the top down in the summer? No way. Just wear a hat. Could it be the irresistible rise of SUVs, those family hatchbacks with a nasty little whey powder problem, their sales rising a seemingly steroid assisted 543% since 2020, these big bland cars have also ushered in the creeping gadgetification of the motor vehicle. Cars built more along the lines of smartphones than machines, all touchscreen serviceability and glassy anonymity. Or maybe it's the fault of EVs whose fortunes have ridden a bumpy yet inexorably rising road. With their bulky batteries and built in vibe of eco censoriousness, they don't quite conjure the wonder of going for a spin just for fun. Then again, there are plenty of alternatives to an electric shopping trolley. I spent a week grinning my way through northern Italy in an electric convertible Mazda Maserati last summer and it was so fast and fun, but also had me weeping quietly on a snaking strada provinciale on the outskirts of Carrara. So bloody hell, just cut the roof off. It was different, wasn't it? I remember sliding around Goodwood in my uncle's Morgan, a wood framed beauty that felt as organic as its materials. I don't think they made one with a roof. Careening around St. George's Hill in the first Mr. 2, the little Toyota that looked like maybe it was made from Lego, you put the roof in the boot and had to lay your tennis rackets across your legs. Design genius. Then my wife and I drove a roofless Mustang down Route 1 from Miami to Key west the day after we were married, where the warm Florida air dried our tears of joy. Or was that just a hangover? Either way, driving, driving al fresco is just a gear change away from getting frisky. If you happen then to have a little in reserve saved for a rainy day, do as they do with any endangered species and adopt a drop top as if it's a snow leopard or a Sumatran rhino, only you know, one that sits in your driveway yearning to be pointed down a twisty lane. There's such a wealth of high value fun to be had in investing in fresh air and the future because you did, in fact, save it all for a sunny day. For Monocle, I'm Robert Bound.
- [35:57]
Emma Nelson
Thank you, Rob. For more from Monocle's editors and correspondents, just sign up for our free daily newsletter, the monocle minute@monocle.com minute 8:33 in Oslo, 7:33 here in London. So who will win this year's Nobel Peace Prize, arguably the best known of the awards handed out by the committee. It's perhaps also the most contentious given the huge amount of conflict and instability that the world is currently experiencing. Well, to tell us more, I'm joined now from Oslo by Bruno Kaufman, global democracy correspondent for the Swiss Broadcasting Company. A very good morning to you, Bruno. Thank you for joining. Joining us.
- [36:40]
Bruno Kaufman
Good morning, Anna.
- [36:42]
Emma Nelson
So tell us a little bit more about what the current situation is when it comes to the awarding of the Nobel Prize Peace Prize, given the fact that the events in the Middle east could be, well, they could shape the decision today or not.
- [36:58]
Bruno Kaufman
Yes and no. The decision was already taken by the committee on Monday. And there is another reason why the decision maybe is not so up to date when it comes to the developments this week. Formal nomination for the prize had to be made by February 1st, so that's quite a long time ago. And also the Director of the committee yesterday said in an interview that the prize will mainly look into what has been achieved in 2024.
- [37:29]
Emma Nelson
So explain a little bit, therefore, about who are the favourites and where we're looking to this year.
- [37:38]
Bruno Kaufman
It's, of course, I mean, a lot of discussions are still done around Donald Trump's ambition to get this prize. I mean, he has expressed his wish every day. Last night in a press conference in the Oval Office, together with the Finnish president, he said, again, I have finished eight wars in eight months and I should get this prize. But of course, he looks also into the the case of his predecessor, Barack Obama, who got the prize during his first year in the presidency. So it's not totally excluded that Donald Trump should get the prize, but there are also many reasons why he shouldn't. There are the formal ones, but also that the criteria which the Nobel Committee is setting up, for instance, protecting media freedom, international law, climate protection, all these criteria are not the criteria Syria Donald Trump is very strong on.
- [38:37]
Emma Nelson
No. And the difficulty that the Nobel Committee faces, especially in this day and age, is that if you award the prize to somebody who is not politically sort of does not have agency, but is rather well meaning and lacks teeth, then that removes the relevance of the Nobel Peace Prize. But if you do award it to a controversial figure, then that could make it even worse. So when it comes to the favorites this year, who do we believe are, you know, what categories do they fit into?
- [39:10]
Bruno Kaufman
I see the committees really looking into possibly candidates, but also organizations which have been nominated. About one third of all nominees of the 338 are organizations. And last year, for instance, a Japanese organization, Nihon Hidankyo, was awarded. It's an organization which fights against nuclear weapons, weapons in the war. So this year there are many organizations which are discussed. One of the favorites is the Sudan Emergency Response Rooms. This is a civil society. Civil civil society organization in Sudan in war, hidden ridden Sudan who is working with the people on the ground. And they are called really like a network for peace. But we have also organization protecting journalists around the world who are in wars, like the International Committee for Protection of Journalists. But there is also discussion, if not a UN organization, again as before, should get the prize. An international court, for instance, like the International Criminal Court. So there are many options, but nobody knows what the decision is really made until 11 o' clock today.
- [40:22]
Emma Nelson
Can you explain a little more about how the prize winner is chosen? You said it all had to be done several months ago.
- [40:28]
Bruno Kaufman
Yes, this is a rigorous process which is also set out in the will of Alfred Nobel, the Swedish industrialist who died already in 1896. And since 124 years, this prize is given in Oslo alongside the other prizes which are given in Stockholm, the science prizes, the literature prize, like yesterday. But the peace prize is very special because it can be a prize which encourage something not just being awarded for services made as the other prizes. So during the phase of February 1st until September, the Committee of Five, it's a committee selected by the Norwegian Parliament. This committee is really looking into these different nominees, does a short list and do have some support from experts, but everything is in secrecy, there are no minutes. And everything which is documented is secret for 50 years. So we don't know really how the discussions are going. The only thing we will know will be the decision made public today.
- [41:31]
Emma Nelson
Thank you very much indeed for joining us on the line from Oslo. That was Bruno Kaufman, global democracy correspondent for the Swiss Broadcasting Company. You're with Monocle Radio. Let's enjoy a little bit of theatre now. While one of Shakespeare's greatest masterpieces, the tragedy King Lear, tells the story of family conflict, of the loss of power, age and loss of love. Well, this classic play is currently being staged in Tokyo by the British theatre maker Philip Green. It marks the first Japanese production under his direction, offering a fresh and contemporary take on the tragedy. Well, Monocle's Ryuma Takahashi heard from Philip Breen in Tokyo.
- [42:11]
Philip Breen
My name is Philip Breen. I'm the director and adapter of the Bunkumura production of King the Kabukicho in Shinjuku.
- [42:21]
Karen Krasanovich
When directing King Lear for this Japanese play, what kind of things did you think about and why do you think it's meaningful for Japanese audiences to see this play today?
- [42:33]
Philip Breen
Well, first of all, King Lear is relevant in any context. And lines like, oh, sir, you are old. The idea of an older generation holding onto money and power while a younger generation waits in the wings for its moment feels very relevant to where I'm from, uk but also, I think is quite relevant here in Japan as well. And also in terms of world politics, the play deals with the king giving away his power, much like the way America has given up its role in the world and into that vacuum of stepped a series of all kinds of actors, for good and ill, vying for power in the vacuum. So both on a sort of very personal like the play, it always is on a very personal, on a very domestic level, relevant to many, many contexts, most contexts, but particularly to Japan, and on a political level, also to world politics. For me, at the moment, along with the idea of. Of the rise of new kings around the world with huge power of life and death over people's lives. So we have a new age of kings that have huge power over people's lives. And a lot of the way in which these new kings get their power is to tell people that they shouldn't or don't need to see things that they don't want to see. Part of the reason we love these kings is because they tell us we don't have to do certain things, we don't have to see. See certain things. You have to look at certain things. And this is a play about seeing, looking, speaking, not speaking. And that feels relevant to. Again, that's always relevant, but particularly relevant to a world political moment.
- [44:14]
Hannah Lucinda Smith
Since King Lear was written in English, what challenges did you face in staging.
- [44:20]
Karen Krasanovich
The play in Japanese?
- [44:22]
Philip Breen
Well, I speak a bit of Japanese. Very. Not amazing, but, you know, enough to have a conversation, you know, so that's. That's made things interesting. But also I know the play. So, for example, I can hear the play in English in my head whilst watching the Japanese actors do it. And there are things I simply can't control. I don't speak Japanese, I don't know the nuance of the language. But what I can say to the Japanese actors, well, this is what it's doing in English. This is what a line is doing. And this is what I think Shakespeare's intention is. And so what you always have is, is this very thorough act of translation, not just in terms of the text, but also in terms of the actors to the role and all the rest of it. And I find it. Shakespeare is a foreign language to a lot of English people as well. And so there's a very. But strangely, English actors or English theatre people assume they know Shakespeare really well. And so you kind of, maybe you imagine that the problem with directing abroad is that it. It makes it less clear, but in some ways it makes it more clear because nothing is taken for granted in terms of our understanding of the word. And so we go through a very, very thorough, thorough process. I've watched theatre all around the world in lots and lots of different languages. And I think anyone who goes to the theater can see good acting, regardless of the language and the context and the culture. Yeah, I watch it in a very different way and made. My work has changed a lot as a result of working here in Japan. It's become, I'd say, maybe much more visual, more poetic, maybe.
- [45:50]
Karen Krasanovich
I think English and Japanese have very different rhythms. Did that Change your approach to directing the play in Japanese.
- [45:59]
Philip Breen
Well, for example, in English I might discuss where stress lies in a word or how to work to a line end. And of course, the sentence structure is entirely different in Japanese with the verb at the end of the line. And as you can hear from the way I speak now, English is barrels forward joyfully and verbs are thrown in pell mell. And so in some ways it's a very. It's a very good dramatic language. In that sense, Japanese is, I think, instinctively much more considered because when I was always going towards the. Where it's always heading towards the V. So there's a shape of the sentence in your head that you have in Japanese that maybe you don't have in English. So I don't really have the same sort of minute control of minutiae in the text that I would have directing it in English. But in some ways that's no bad thing. You know, I can hear rhythm. I can spot whether a moment is true or not. I can spot whether a moment is dramatic or interesting. And nine times out of 10, if an actor is lost or a very good actor is lost, it's because the translation isn't good or somehow it's amazing to watch the power of a great play like King Lear on the actors work, work its magic on these great Japanese actors. And if they get a bit lost, it's normally because we haven't quite got the translation right.
- [47:17]
Karen Krasanovich
Thank you. So finally, about the cast, to me, as Japanese, many of them are very well known Japanese actors, but. But King Liu is played by Shinobu Otake, a female actor, and the rest of the cast comes from different generations and different backgrounds. What do you think about these casting choices?
- [47:39]
Philip Breen
Well, I mean. Well, the first thing is on the world stage, it's not at all unusual for hundreds of years now for the greatest female actors of their day to attempt the greatest roles. Alan Terry played Hamlet. I mean, recently there have been a number of high profile women actors playing Lear on the international stage. Glenda Jackson played it in London. In terms of the history of Shakespeare, great women actors taking on great roles is not at all unusual. And of course, the very first King Lear would have been a 34, 35 year old man in Richard Burbidge. So Leah is always created to a degree. It's very rare that you would get a man in his mid-80s playing that role. And actually in Japanese theater culture, it has a lot of women playing men and men playing women, both in the classical form, also on the contemporary stage as well.
- [48:35]
Karen Krasanovich
For Monoko in Tokyo, I'm Ryuma Takahashi.
- [48:39]
Emma Nelson
Thank you, Ryuma. And thanks also to Philip Breen. King Lear is on in Tokyo. Now you're listening to the Globalist.
- [48:50]
UBS Narrator
Iq, EQ and AI. Three components key to the craft of innovation at ubs. Because to stay ahead in a rapidly evolving age, you need a partner with decades of experience, endless passion for the work and a finger on the pulse of leading technologies. Bridging human expertise with artificial intelligence, all to elevate you. UBS banking is our craft.
- [49:28]
Emma Nelson
It's time now on the Globalist for our weekly roundup of the news seen through the eyes of Andrew Muller. Here's what we learned.
- [49:42]
Andrew Muller
We learned this week that the UK's Conservative party, having spent a goodly proportion of this century demonstrating that they were unable to govern Britain, are also incapable of spelling it.
- [49:56]
Emma Nelson
I can't wait to tell me more.
- [49:58]
Philip Breen
See where this goes.
- [49:59]
Andrew Muller
We learned this from the wrapping of one of the freebies distributed to the meager crew of gaunt cobwebs covered weirdos who turned up at the Tories conference in Manchester on Current Trajectory, possibly the last such gathering before the one involving queuing resignedly for ladles of tainted Kool Aid. Specifically, we learned that the proofreading of a wrapper of a conference branded confectionary may have lapsed towards the lackadaisical.
- [50:27]
Emma Nelson
This is a bar of chocolate.
- [50:29]
Hannah Lucinda Smith
Thank you so much, Tories. When Labour negotiates, Britain then loses. That is signed by Kemi Beetonot.
- [50:36]
Andrew Muller
We learned that, yes, one reform of Britain that the Conservatives had proved capable of enacting, if only inadvertently, was slightly renaming it from Britain to Britain. Diligent as ever in our research, we at the what We Learned monologue on Monocle Radio put this refinement to a focus group.
- [50:57]
Emma Nelson
Brittany Britian. Britian.
- [50:59]
Andrew Muller
Brittany.
- [50:59]
Emma Nelson
Wow.
- [51:00]
Karen Krasanovich
Brittany, that's a great idea.
- [51:03]
Philip Breen
Maybe.
- [51:03]
Emma Nelson
Yeah, that's a good ring.
- [51:05]
Karen Krasanovich
That could be something. What about Great Brian?
- [51:09]
Andrew Muller
But even moving away from Great Brittan, or if you will, the untied kind gum of Gerat Brittian and Nithorn Ridnal, we learned that the global Libertarian project was struggling somewhat with reality and indeed, melody. We learned this from, yes, Argentina. Specifically from Argentina's president Javier Milei, who launched his latest book by taking the lead singer role in some sort of rock and roll concert. Oh no, Afraid so. Appropriately, indeed, possibly inevitably, for someone who has always cultivated the haircut and leather jacket of the angry divorcee who plays the Jean Jacques Bernel role in Buenos Aires 7th best strangles tribute Act, President Milei subjected a crowd large enough to prompt speculation that the doors were bolted on the outside to an hour long set of Argentinian rock standards, from which we learned that there is an hour's worth of Argentinian rock standards, at least one of which we learned sounds like this, at least when Malay sings it. Mallet Is the original any better? No. No it is not. Anyway, we learned that President Milei was seeking to incite interest in his new book, the Construction of the Miracle, a celebration of his economic plan, which which in absolutely glorious timing, hits the bargain bins just as Argentina has been compelled to seek a $20 billion bailout from the United States. So we learned, or at least surmised, that purchases of Milei's book may be more likely, and would certainly be better advised to burn it for warmth than read it. But sticking with the subject of presidents who have published book length overestimate of their own expertise. We learned that though it may feel like we have, as a species, done little with the last decade or so other than listen to Donald Trump, we should have listened to him earlier.
- [53:32]
Simon Bouvier
There's a page in there devoted to the fact that I saw somebody named.
- [53:36]
Andrew Muller
Osama bin Laden and I didn't like.
- [53:38]
Simon Bouvier
It and you got to take care of him.
- [53:41]
Bruno Kaufman
They didn't do it.
- [53:41]
Simon Bouvier
A year later he blew up the World Trade center.
- [53:44]
Emma Nelson
So we got to take a little.
- [53:45]
Simon Bouvier
Credit because nobody else is going to give it to me.
- [53:47]
Andrew Muller
We learned, however, when we checked back on our copy of the book in question, which did involve extracting it from beneath the wobbly leg of the desk. That is how seriously we take our fact checking, that this claim may not have been strictly speaking true, and may have been strictly speaking bollocks. We learned from leafing through our copy of the 22000 published the America We Deserve quite the fate tempting title in hindsight. Can I get some general muttered agreement that while it does contain a single mention of Osama bin Laden, it does not identify him as any singular threat and nor at any rate, was this any particularly piercing insight. Bin Laden having been on the FBI's most wanted list since the year prior to publication. In fairness, however, it is difficult to blame Donald Trump for this misapprehension of the contents of the America We Deserve by Donald Trump. It's not like he's ever read it. But we learned that Trump's administration, in its pursuit of America's vicious, ruthless and imaginary enemies within, remains dauntless, and that no member of it is burdened by less daunt than White House deputy Deputy Chief of Staff and almost heartbreakingly inevitable eventual fall guy for all of this nonsense, Stephen Miller.
- [55:08]
Philip Breen
When in our history have we tolerated unlawful riotous assemblies night after night around FBI buildings or ATF buildings or DEA buildings? This is the textbook definition of domestic terrorism.
- [55:21]
Andrew Muller
When has the United States ever tolerated riotous assemblies around government buildings? He has just returned to the White House and is signing a series of executive actions in the Oval Office, where he is pardoning some 1500 January 6th rioters who have been convicted for participating in the attack on the Capitol four years ago. For Monocle Radio, I'm Andrew Mullock.
- [55:51]
Emma Nelson
Thank you, Andrew. This is the Globalist on Monaco Radio. Finally, on today's program, a look at film news and Karen Krasanovich. Who else is joining me in the studio to go through the latest news from the world of cinema. Good morning, Karen.
- [56:09]
Karen Krasanovich
How are we?
- [56:09]
Steve Crawshaw
I'm.
- [56:10]
Karen Krasanovich
I'm fine. I'm fine. A little, little deep in the throat, but otherwise everything's fine.
- [56:13]
Emma Nelson
Excellent. So where are we going to begin? Well, let's begin internationally. And the Golden Princess Hong Kong Cinema Classics Festival is on at the moment in Hong Kong. Tell us about it.
- [56:25]
Karen Krasanovich
Y. Yes, yes. Well, it's quite important. It's an important festival, and it focuses on a lot of new and also some classic cinema. But I think that we. It's easy for people to sort of overlook the importance of Hong Kong cinema in general, and that's mostly Cantonese language rather than Mandarin. It's had a global impact in ways that we might overlook. For example, okay, not to drag us away from Hong Kong right now because a lot goes on there all the time. But you know that the London Film Festival is on right now from the 8th to the 19th, and they have Never Too Late, which is a documentary, it's only about 80 minutes long, by Ricky Choi, which is about getting back to nature. And I know that sounds kind of huggy and cute, but it's quite an important documentary, and it's great that it's on the LFF because otherwise how would we get a chance to see these sort of wonderful things? And I just want to say that it's not to be confused with the Elton John biop of the same name, Never Too Late. But also the BFI British Film Institute has something called Seasons here in London focusing on Hong Kong cinema. And there are four premieres which I think are really, really important to be aware of. This is October and November. There's not only a 4K restoration of the Arch, which is in Cantonese. And it's a classic of Hong Kong cinema. It has a bit of a feminist sensibility, as have you. There's also Possession street, which from 2024, which is a zombie film, another UK premiere, and from 2024, Valley of the Shadow of Death, which is focused on faith. And that's another UK premiere. But the one that I'm really excited about is a 4K restoration of Hong Kong 1941, which is from 1984, which is Chao Yun Fat establishing his status in a breakthrough performance in this wartime drama in Cantonese. Now, do you remember the first time you saw Chow?
- [58:27]
Philip Breen
Yeah.
- [58:28]
Karen Krasanovich
Young Fat? No, I. I don't think. Who is this guy?
- [58:31]
UBS Narrator
He's amazing.
- [58:32]
Karen Krasanovich
And if you have not seen him perform, you've got to see. You've got to go and see. Hong Kong 1941.
- [58:38]
Emma Nelson
So you. You just cataloged a. A success story for Hong Kong film.
- [58:42]
Karen Krasanovich
Yes.
- [58:43]
Emma Nelson
What is it about Hong Kong film, Cantonese language film, that either sort of celebrates the Hong Kongness or what defines it? What celebrates it?
- [58:51]
Karen Krasanovich
Well, it's not. It not only has. Has a British past, a British tradition, I suppose, but it also is embracing a previous Chinese and other Far Eastern cultures and also the future, as well as being part of China now officially. And I think that that kind of crossroads is what Hong Kong has always been very. I don't want to say niche, but there's talks now of it being sort of the major city in the Far East. Do we call it the Far East? Never sure what to call it. Hong Kong. There we go. But it is an extremely important venue, not only for trade, but also for culture. And also it's just recovering now from COVID Do you believe that for the exhibitors, cinematically speaking, let's move back to.
- [59:43]
Emma Nelson
Hollywood or head to the United States. The difficulties facing the creatives in Hollywood and the emergence of AI AI seems to have sort of stolen among.
- [59:55]
Karen Krasanovich
Yes, absolutely. Well, anybody that's seen these amazing videos, I suppose AI creations of moving imagery is going to go, well, what's going to happen to Hollywood now? Because the way that we make films is not like that. So the Creative Artists Agency has taken a statement against, you know, we all know about the AI actress that was put forward a few weeks ago at the Zurich Film Festival. They're saying now that they are really going to opt out of the AI frenzy. And they're saying that Sora ii, which is the AI that's been used to generate a lot of these characters in films, is a misuse of the technology and that it's also problematic to copyright problems as we knew.
- [60:45]
Emma Nelson
Let's look at what we should be looking at or what we should be sort of parting with our hard earned cash and going to watch this month.
- [60:52]
Karen Krasanovich
I'm going to be very old fashioned about this.
- [60:54]
Emma Nelson
Yes. This is what should we go and see at the cinema this month, Karen?
- [60:57]
Karen Krasanovich
All right. Be aware of VistaVision. It's an old camera from the 50s that's being shot as used for several important films. Not only One battle after Another, which you should have seen. You can see it at several venues in whatever city you're in in VistaVision, and I urge you to do that and also see the flop the Smashing Machine because it is an amazing film.
- [61:21]
Emma Nelson
Tell us about One battle after another.
- [61:23]
Karen Krasanovich
It is why VistaVision makes it so well. VistaVision also Begonia, which is coming up next week, I think October 24th, is also shot in VistaVision. VistaVision is instead of filming vertically, it films horizontally. And when you look at it, it is glossy and deep and analog looking. It's unlike a digital film. And it makes you feel as if you're there. It seems very real, as if the film is breathing. And if you're in London, you can go to the Odeon Luxe Leicester Square and the organ will pop up and play just before the movie.
- [61:59]
Emma Nelson
Okay, that is now in the diary. The Smashing Machine, a flop, but I.
- [62:06]
Karen Krasanovich
Saw it in Venice. It was my favorite film. In Venice. It's Dwayne Johnson the rock playing. I think it's Chris Kerr, who is a World Federation boxer but mixed martial art artist. And it's not the standard sports movie. It has a lot of more morality and reflection in it. And I think it's a wonderful story. It's got Emily Blunt as his as his wife. It's Benny Safdie, one of the Safdie brothers, directing and his brother is doing another sports movie coming up. So the Safdies are reworking the sports film genre.
- [62:41]
Emma Nelson
Karen Krasanovich, thank you so much as ever for joining us in the studio. And that's all the time we have for today's program. The warmest of thanks to all my guests and to the producers, Laura Kramer, Tom Webb and Chris Chermack. Our associates searcher was Joanna Moser and our studio manager was Steph Chungu with editing assistance by Mariella Bevan. After the headlines, more music's on the way. The briefing's live at midday here in London. The Globalist is back at the same time on Monday. But for now from me, Emma Nelson, goodbye. Thanks for listening. Have a great weekend. Sam.
- [63:48]
UBS Narrator
With ubs, you have a truly global partner incorporating new technologies, innovative approaches and unexpected opportunities, leading you to insights that help answer the questions that matter. Delivered with passion, care and unmatched expertise. Because it's about rising with the dawn each day, knowing that we can do even better. That's what banking is to us. Not just work, but a craft. UBS advice is our craft.