tv BBC World News PBS July 23, 2010 4:30pm-5:00pm PST
>> europe's big banks are given a clean bill of health, but seven are identified as remain vulnerable. the power of the drums. the taliban admits the drones are disrupting activities. multi-national company, trafigura, found guilty of illegally exporting toxic waste to the ivory coast. welcome to "bbc world news," broadcast to our viewers on pbs in america, also around the globe. coming up later for you -- fears for the future of an unfinished church in it be a center of barcelona. and its ability to a plane -- pull in crowds despite the way it smells. europe's biggest banks have been
subjected to a battery of stress tests. seven have failed to make the grade. that is a small fraction of the 91 banks that were scrutinized, however. of the seven have failed, five are in spain, one is in germany, and one is in greece. according to regulators, the stress tests are very stringent. we should be reassured. the were the tests stressful enough to restore the credibility of european banking? we have this report. >> it felt like exam results time for europe's thanks, and these were the teachers marking the books. -- europe's banks, and these were the teachers marking the books. >> we have seven banks that would now, if the stress materialized, would be under the 6% threshold that we used as a benchmark. the capital shortfall to reach the sec's% set -- 6% would be
3.5 billion. >> across europe, regulators tested be held of 91 banks and in total. questions included how they would cope with their work and unexpected fall in economic growth and what would be the impact of the worsening in the government money market? the seven banks that failed were in germany, spain, and greece. most of them were small. they need to raise $4.5 billion between them. in banking terms, that is peanuts. the big question now -- is it enough to restore credibility? critics say the stress tests were not harsh enough, as they did not factor in the effects of countries defaulting on their debt. >> there are concerns the process may have been too easy. there are concerns that pressure might result in too many banks passing and not on
not being given the alternative they have got to recapitalize. >> the markets will give their verdict on monday. another anxious wait for europe 's thanks. bbc news. >> there are controversial -- they are a controversial weapon in any trouble against the taliban, not least because they do not always hit the target. the number of drowned strike in the country have tripled since president obama came to power. they do appear to be making an impact on the insurgency, and other taliban leaders still say they are winning the war. our correspondent reports from the northwest of pakistan. >> these are unmanned military aircraft from america that fly and in tribal areas of pakistan. they can be controlled to kill from the other side of the world. their impact is hard to assess, because the areas they hit are all but closed to journalists.
this city is a link between the battle zone, and the outside world. here we get a glimpse of those who live with the drowned strikes. >> the drowned that tracks -- the drowned attacks only happen when foreign militants are present. they are targeted. >> but here a different completely -- a completely different view. >> we are all living with the drowned strikes. people killed our innocence. -- people killed are killed innocent. >> recent research found the majority of people targeted were militants, and not civilians, been killed by the drone attack. there are many who think the drone attack their having a
negative impact. >> how many will they kill to get osama bin laden? the more they kill, the more civilians you killed -- i think you actually create the conditions where more people will be radicalized. >> the taliban have admitted the attacks have it disrupted their activities. u.s. officials told the bbc that 600 militants have been killed in drone strikes since president obama took office, and very few civilians. the government in islamabad denies supporting the attacks. >> i hope the u.s. will consider that instead of doing it, give us the technology. we know where to do it, how to do it. then we will have ownership. when this happens, people will not mind it.
>> some of those who fled the area are sick of the politics and the violence. >> i moved because of my children's safety. i do not know who to blame. islamabad, washington, or the taliban. we just cannot let -- bear it anymore. >> it will take a long time for northwest pakistan to get out. america insists drone strike must be part of a solution. bbc news. >> and our drone war coverage is also on the bbc world service radio today and on line as well. we have detailed maps from the bbc urdu server is, and the story of one pilot in helmand province. workers may evacuate because of an incoming tropical
storm. it will mean a temporary halt to the repair work. >> the intention right now is to put the vessel in a safe place to they can return as quickly as possible to resume operations. this is not a hurricane. it is a tropical storm gear that means the winds are between 39 miles per hour and 75 miles per hour. the forecasts are in the low 40's. it will be a determination of where to put them said they minimize the risk to the vessels. we would like to restart the activities as soon as we can. >> admiral thad allen join in as from -- there. joining us from miami, our correspondent. is this a storm system? >> this is what the authorities and bp hoped would not happen. we are in hurricane season. that tropical storm just making its way over southwest florida at the moment. when it's on the other side of
florida, it could pick up speed over the warm waters of the bill. engineers are pulling out and stop and operations. that means operations on the relief well will be halted for as long as 12 days. the admiral in charge says it may be that bp can get back to work within 48 hours, but that is a difficult thing to say with a tropical storm like this. nobody knows quite what hath it will take. apart from work on the site, there is also the possibility winds could push the remaining oil onto the shores of the gulf states, places like the florida panhandle, alabama, in mississippi. that is something people will be watching very closely. >> just in terms of moving the ships away from where the cap is, that in itself is a huge operation? >> it is. a couple weeks ago, i flew over the site with the u.s. coast
guard. there is a huge flotilla of ships out there. it is enormous. it is a real operation to get them out of the area and into safety. that is one of the priorities now, to keep the people working there say. to put them back in place is the same operation. any delay at this point is not a good thing for bp or the people in the gulf states. it could well delay those relief wells be on the point bp were hoping. they were hoping by the end of this month, perhaps the beginning of next month. that the lag may have a real effect on when those wells will be finished. >> thank you. and oil trading company has been fined more than $1 million for exporting hazardous waste to west africa. thousands of people on the ivory coast were made sect in 2006. trafigura, denies any link, deplores the outcome. >> the bulk cargo ship chartered
by trafigura transported toxic chemicals to west africa, dumping them on the ivory coast and in 2006. in court, trafigura was fined $1.2 million for illegally moving the toxic waste to the ivory coast after the cargo was refused permission to be offloaded in amsterdam. the multinational company, one of its employees, and the master of the vessel had been found guilty of breaking european waste export laws. the company has always denied wrongdoing and will now consider how to respond to the guilty verdict. >> i think it is important to notice that the that the convictions relate to a highly- technical, complex medals. we will carefully study the judgement to consider the
possibility of appeal. >> the ivory coast has long been a dumping ground for unwanted waste. the west african country and the united nations have concluded there is strong evidence linking the toxic refuse to deaths and injuries. but this has been denied by trafigura and some scientific evidence. the company has made out of court payments of more than $200 million without admitting culpability, preventing further court action. bbc news. >> and in china, long stretches of the yellow sea coast are coded in crude-oil. thousands have been deployed in the biggest oil spill. it has spread out over an area of 400 square kilometers. apart from the environmental impact, it has also affected while shipments to southern china. police in kosovo have arrested the governor of the central bank. that they are looking at
suspected bribes, money laundering. the governor, hashim rexhepi, is one of four suspects who has had his home searched. a group in mauritania provided technical help. it is not that they were trying to free the french hostage, michel germaneau, was captured last april. it is thought he was not present at the raid. two inmates have died and six were injured in a riot that broke out in canada. the incident involved more than a dozen inmates of the detention center that erupted wednesday night. some prisoners were injured after setting fire to a mattress and were taken to hospital. you are watching "bbc world news." still to come -- a man convicted as a boy of one of britain's most notorious and job murders is sentenced for
downloading and distributing child pornography. britain's former justice secretary jack straw says he will not attend a hearing concerning the lockerbie bomber, al-megrahi. the investigation will look into whether his release was linked to an oil deal between bp and libya. he is the only person convicted of the bombing that killed to under 70 people over lockerbie, including 109 americans. >> in may 2007, and tony blair looks on as the bp chief tony hayward signed a multimillion oil field in libya. fast forward to august 2009, at the lockerbie bomber arrives home, having been released by the scottish government on compassionate grounds. senators in washington are considering whether the issues were at their -- were ever
linked. they want to talk to jack straw. he has declined their invitation. earlier, he gave this explanation. >> i cannot help them on the key issue, which i found out is the central concern from their letter. which is, why was it mr. al- megrahi released on compassionate grounds? i literally had nothing to do without. >> problems the justice secretary has said he will not be going to washington, and nor will the massacre at -- medical advisers. >> it was agreed by the united nations and all parties. the matter is one for which i am accountable to the scottish parliament. i have accounted to the scottish parliament for that. >> bp is already public enemy number one in america. these suspicions are not helping.
bbc news, westminster. >> you are watching "bbc world news." our main news so far this hour -- europe fell major banks have survived a stress test designed to see if they could cope with another financial crisis. just seven out of 91 failed. our business correspondent was at the news conference with the banking regulators, with the findings were explained. >> they said the -- this and the vast majority of the news conference defending their on decisions and telling as the test were credible. and the criteria used for weather in the banks could survive a major -- for whether the banks could survive a major shock. the test involved a two-point downgrade -- a four-point downgrade from standard and
poor's, as well as an major drop in gdp, and another sovereign debt crisis, like the one we saw an inmate. with all these things -- which result in may. they were all presented to the banks. the result was seven failed. out of 91, they say that shows the european banking system is resilience. it could be a few days before people fully digested the reams of paper published today to see whether they believe the stress tests were stressful enough. some of the journalists sitting beside me were very worried that they were not credible, that the stress element of that was not really imposing the kind of a cast that a major, major downturn, a tornado of economic terms, like the one we saw in 2008, would have on your's thanks. >> our business correspondent
there. now, a man convicted of one of britain's's most notorious murders, the torture and killing of a two-year-old, has been sentenced for downloading and selling child pornography. he was himself a tin years old at the time of the murder of the two-year-old in 1993. he pled guilty to the pornography charges and said he was genuinely ashamed. he has been granted conditional release in 2001 for his original sentence for murder, but was sent back to prison for breaking the terms of their release. we have the report. >> is 17 years since he was arrested for the murder of at 2- year-old, and the images of him and his friend, luring the two- year-old to is that are as chilling as ever. today, his mother arrived at the old bailey to hear admit to
downloading and sharing and decent images of children. his new identity in still protected and only the judge could see his face from a video link from prison. he pled guilty, three times. the two-year sentence was not enough for the still grieving family. >> once again we have had to sit through proceedings were justice has not been done. these were very serious offenses. two years is simply not enough to meet the gravity of what this person dead. >> he was convicted of possessing 57 in decent images of children. the victims were as young as two, and several images were particularly disturbing. several were distributed or sent you an unknown pedophile. >> he described how the toll of living under a false name began
to take affect. he resorted to drink and drugs and was arrested for getting into a fight and caution for possessing an -- cocaine. >> his lawyer said every day since 1993, he has thought about how different life might of been for all those affected. >> two years is the high-end ascendance as i have seen four cases like this. when you take into account the tremendous offense that occurred 20 years ago, the sentence is probably proportionate to the event. >> as children, he and his friend committed one of the worst crimes imaginable. they were given a second chance. and now as an adult, he must pay the price for breaking the law again. unwilling or unable to escape the terrible shadow of his past, and the death of his account. bbc news, at the old bailey.
>> and you can get more on all our top stories at usair -- bbc.com/news. unesco begins its annual meeting this week. the city is extravagant and an enormous, and its church was begun by a catalan architect over a century ago. it still is not finished, and now there are fears it will not as a high-speed rail tunnel could put it in danger. >> it has been a work in progress for 128 years. even unfinished, the church is an impressive sight. the team charged with completing this most ambitious and final work now fear for its future. because of debts. separations for a tunnel that will carry a train line through
here to madrid. -- because of this. construction work is well underway. trains will be moving through here in two years' time. look at where we are. this will essentially be the main entrance. it is called the glory facades, and it should be ready when pope benedict comes to consecrate the church in november. the original work is protected by unesco, said the team has reported its concerns. it has also asked the high court of spain have the trained rerouted. >> this building is a world heritage monument. the tunnel runs with 5 meters from the church, and the subsoil is unstable. we tried to get the project change, but no one listens. now we wait for the courts to decide. the tunneling work is getting
closer by the day. >> is partly the sheer scale and weight of this building that concerns many. something you can best appreciate by writing to the top. the tunneling below, the architects worry about vibration and subsiding. and the church will be even taller when it is finished. authorities argue the rail link is vital for barcelona, and they have studies to prove it will not harm the heritage here. >> once we decide this is the only viable route, we worked to ensure the maximum possible safety, not only for the church, but for all the buildings on it. we are using the most modern technology. we think the conditions are the best and guaranteed total safety. >> tourists are unconvinced, and all of this has been financed by donations.
>> i am from amsterdam. that is right. i know everything goes down. so i do not think it is very good. >> the government is adamant that will not happen here. the it architect's disciples say it is not worth the risk. bbc news. >> north korea says it will react with what it calls a physical response if the united states and south korea go ahead with joint naval exercises planned for this weekend. and north korean spokesman says this would violate the north korean sovereignty. >> it is another expression -- [unintelligible] we are clear. we will have a physical response. [unintelligible] it is no longer the 19th century. it is an new century.
and asian countries are in need of peace and development. >> when a highly-prized and flower blossoms for the first time in 20 years, you might expect the smell of success. instead, the fragrance flooding across the botanical gardens in tokyo is unfortunate. it seems it smells like rotting rubbish. our tokyo correspondent has the story. >> people waited patiently in the blistering heat. at the queue stretched into the distance. they all wanted to see this. this flower stands nearly as tall as a man. when the gates open, the crowds rush in and jostled for the best position. this is the first time this flower has them in tokyo in 20 years. but it is a treat for the eyes, not been as.
-- not the nose. >> it smells like rock -- raw garbage. x was really interested. -- >> i was really interested. we left at 6:30 to get here. x x the smell was so bad i cannot breathe. >> the stuff or not relying on japanese insects being seen. -- the staff were not relying on japanese insects being keen. sightseers were being turned away by midmorning. bbc news, tokyo. >> the main news again -- seven -- 7 of 91 european banks have
failed stress tests. >> hello and welcome. >> see the news unfold. get the top stories from around the globe and click to play video reports. go to bbc.com/news to experience the in-depth, expert reporting of "bbc world news" online. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, the john d. and catherine t. macarthur foundation, and union bank. >> union bank has put its global expertise to work for a wide range of companies.
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