tv BBC World News PBS November 16, 2010 5:00am-5:30am EST
>> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now "bbc world news. >> stark warning from the e.u. president. the european union will not divide. millions of dollars in payouts for former guantanamo bay detainees who say u.s. was -- and an arms dealer from indicted from thailand. >> also in delhi our correspondent depose to the scene of a building collapse. >> this is a building that collapsed last night suddenly and without warning with as many as the 00 people inside. the police have coordinatened
off this area. local people digging out survivors with their bare hands. >> and a diamond as big as the ritz. it's pink. it's huge. and it's for sale. >> hello. the european union will not divide if it files overwhich the crisis. that's the verdict of the council. the remarks came ahead after the meeting of the finance minister ins brussels. ireland is in talks about a rescue package and portugal and spain so they can borrow money at rates they can afford. joined by our demornt brussels and berlin, matthew price and steve evans. matthew, if i could start with
you on the remarks. they do sound pretty cataclysmic, don't they? >> well, i suppose some will pick up on them and think that way. but i spoke to someone who said this isn't anything new from the president of the european council. he's voiced similar concerns in the past and other european leaders have voiced similar concerns and i think it probably would be an analysis that many in brussels would agree that the biggest threat, if you like, to the euro at the moment is the debt crisis. if the debt crisis can't be panged, then the euro could be in trouble and spell a death nell for the european union, but a spokesman points out this morning that the president to
have european council uses the words again. and the finance ministers met with how to deal with the debt crisis and how to prevent it from spilling out into other european nations. so they are not the sort of words helpful at a time when they are trying to calm things down. >> certainly not helpful. you're going to carry the financial camp for bailouts to come. possibly portugal and more contagious than that. what would angela merkle's view be of the meeting today? where does she want this to go? >> she's saying two things, one the euro must divide and -- code for saying the german taxpayer shouldn't bear responsibility for the failure of markets elsewhere. but having said that, it may
yet come to that. with the greek chris sis, building the most popular newspaper in the -- it's criticism with the geek way of doing things, it's saying ireland is the new problem child of europe. so you see the way the mood will go if german taxpayers. mrs. merkle realizes the political damage that will cause her, but having said that, it may come to a situation where german taxpayers thereof stick their hands in their pockets. >> there does seem to be a real sense that ireland is the problem child of europe and it's only a matter of time before they say we do need help. >> well, there certainly are a lot of voices saying that. not just here in europe, but around the world.
but the european commission maintain that airplaneland hasn't asked for any help, and that would have to be the first step leading to ire labd getting help from the european union and the european commission putting into process, that. but i think behind the scenes, there is the hope that perhaps ireland can get through the next few weeks as it is at the moment without an emergency bailout fund having to be announced and then it can unveil its budget on december . -- on december 7. i've got to say that's got to be a long shot at the moment bearing in mind the reaction we're seeing, got to the borrowing sky high. they dropped a little bit yesterday, but they are still very high indeed. and the problem you have happening at the moment is this
drip, if you like, the problem of ireland on other countries. the portuguese are concerned about it. so, too, the spanish. both countries with their own, slightly different, but their own financial problems at the moment. they are concerned about contagion spreading. >> and aaron joins me now as we look at the business. this is obviously a dominating discussion across europe, and matt, picking up on the fact that we've got port depal and spain and italy. they've got to nail this or it is going to keep spreading. >> using the words yesterday spreading like wildfire, and this is the worry. investors are worried and the panic can set in quite fast. we saw that with the irish bonds, the yields, the cost of servicing their debt touching 9%. it's still at 8.1%. the worry now is the fewery
being vented by other e.u. authorities. portugal does look like they are next in line. they have already raised their hand and said we are at possible risk. we may need a bailout. for ireland and portugal that would be 2 billion euros. that would pretty much suck up what's left in the e.u. bailout fund, but the great concern is the spanish economy next. now the spanish economy is bigger. much bigger than the irish, the portuguese combined, so there is a very big worry about that at the moment. >> very briefly on the budget. still haven't agreed on the budget. having spent the money, is that depoipping to be dealt with? >> i think at the moment the whole euro issue and debt issue is going to superseed that and overtake that, it's going to be
discussed and talked about. and we're going to be discussing that in the world business report. but what we're seeing is very interesting emovements in south korea. playing catchup by raising interest rates. even though they have inflation of 4%, because they are worried about the increase of the value of the yuan. and american has been pourg into these emerging economies on the asian communities. much more to talk about. >> millions of dollars that have been paid out by the british government to former detainees, part of a settlement to avert legal battles with individuals who claim u.k. authorities were aware of their torture and should have prevented it.
>> the most well known of the men have been a man detained in pakistan in 2002. he was then flown by the americans to ma rocco where he claims he was brutely tortured. he was one of the detainees suing the government for mistreatment while being held on suspicion. >> the case has become a huge headache with the mi 5 and mi 6. with hundreds of lawyers plowing through records, so ministers have decided to settle and the government has agreed to pay out millions of pounds to the men and some half a dozen others whose mistreatment may have been witnessed by british. >>en inquiry to the allegations was held.
it's all part of an attempt to draw a line under an episode that's caused huge damage to the repation of mi 5 and mi 6 and its deteerings with the relationship with america. deterioration with the relationship with america. >> russia has condemned as illegal the thai court to extradite a suspected arms dealer to the united states. in an american-led sting operation, the united states has described him as a merchant of death responsible for fueling conflict in africa, the middle east and south america, all charges which he denies. >> more on this extradition. >> he has left thailand on an airplane which is quite a big development after months of back and forth by thai land's courts. they ordered his extradition saying it should happen in
three months. the u.s. got excited and sent a plane here and had to leave without him. october the courts stided the other charges of money laundering and fraud should be dropped and that seemed to pave the way for extradition but it's been held up until today. and the cabinet and prime minister himself decided he should go. >> i guess it's going to create a lot of tension between thailand and moscow. >> yes. it already has. russia, where he is from, has defended him throughout the process saying he's just a successful businessman and that he's being persecuted for political reasons and said he should be allowed to go home to russia. the u.s. says he has conspired to conduct acts of terrorism on u.s. soil. so with each partner, to
thailand arguing for mr. boot. >> in india more than 64 people are known to have died after a building collapsed in delhi. a further 80 people were injured. it was located in a crowded part of the city where migrant workers lived. this from the ssks. -- scene of the accident. >> this was the build that collapsed last night suddenly and without warning with as many as the 00 people inside. the police have now coordinatened off the area. that's why we are here. to begin with it was just local people digging out survives with their bare hands. there's been speculation that is weakened monsoon flooding caused weakened soil but there's also a lot of talk about building standards and corruption. police are looking at the owner of the building described as -- many died and dozens more are
in hospitals. once again, questions to be asked about building standards in indian cities as they grow so quickly. >> still to come on this bull ten. the south could su seed on the knot. for sudan, what does this mean for the country as a whole? >> at least one person's been shot dead following violent clashes in haiti with u.n. peace keepers. some have blamed them for the cholera epidemic even though tests have cleared the troops of being carriers. they fired tear gas. our correspondent has this. >> with the cholera epidemic now sweeping the country, anger and fear turned to violence. directed at the u.n. this northern city. many haitians believe help in
he's peace keepers were the carriers of the disease. >> the u.n. says there's no evidence of that but admitted the situation is deteriorating. in an unsteady video link. >> the government and we accept, too, this is far beyond a health or sanitation matter. it's an issue of environmental concern and obviously of national security where we have demonstrations starting already. for example, at the cholera treatment centers. >> this is the first doll are outbreak in haiti and caused confusing. even these venders are affected. people are afraid the fish is not safe to eat because cholera is spread by dirty water. 10 months after the devastating earthquake, hospitals are once again overwhelmed. the u.n. says there are now case ins every province. up to 200 ,00ople could be
takin' ill although not all of them seriously. afraid the disease will spread beyond haiti. it's stopping haitians from crossing the border even though the u.n. says it's doing its best to contain the cholera. >> the u.n. was prepared for some but now there's an appeal to -- for money to treat the disease and stop it from spreading. >> four people have been arrested after a fire in china killed at least 53 people. the blaze at a high flies shanghai left another 90 or so injured. many retirerd teachers lived there. the fire began with building material and spread around the bamboo scaffolding that
strounds building. you can get hypers on bbc news. we've got a one-minute summary for you as we bring you the latest analysis as well. also plenty more on our top stories, that is the debt crisis in whiching the euro zone and we have correspondents from around the world as well as our business correspondents on that story. >> you're watching bbc "world news." the headlines. the president of the european council said the european union will not survive if it fails to overwhich the crisis regarding the currency. and british services were come pliss anytime their torture, claim some guantanamo bay detainees. facebook is law firming a new messaging service being developed. according to mark zuckerman,
most younger people think email is too slow. it will be brought together with the instant messaging and facebook chat now can it take on the might of google? >> our correspondent has the answers. can it? >> well, what's interesting about this is mark zuckerburg told us last night that he had been talking to high school students and they said they don't use emails i anymore. they use texting and instant messaging and facebook's own internal messaging service. he's trying to integrate that whole system inside facebook. so you will be able to have that facebook.com email address if you really want one, but that will all come inside the facebook system, so you'll see all your messages in whatever format, whether they are text
or emails or instant messages and frighteningly you'll be able to see your entire record of communications across all of these platforms all gathered together in one place. now -- >> seems to make sense, doesn't it? >> what actually a lot of smartphone companies are doing is they are kind of grabbing your contacts in their different ways whether it be phone calls or texts and putting it in one place on your smartphone. facebook is doing that within your messaging service where there is a pause for thought. about a year ago, google, which has a great deal of success launched google way which was going to reinvent email. that kind of was just a little too complicated for people and never went anywhere. you look at this and say are people going to want that level
of sophistication? >> come back in a year. rory, thank you, very much. >> the people in southern sudan are going to vote on independence. with the option to su seed was part of a peace deal signed in 2005 which ended decades of fighting between the islamic north and south where christianty is practiced. s more on how the process is viewed there. >> king of car snoon definitely not. you could play a round of golf here. to astroid score whiching heat, they'll even turn the lights on so you can play at night. this is all part of the changing face of the sudanese capital compared to a few years ago, the city is barely recognizable. thanks to the oil boom the buildings have soared. >> it's growth is highly
visible and much of it's happened over the last few years, but most of the oil is in the south of the country, and if they break away to form a new country, there's a fear in the north that the economy could take quite a hit. >> close to thanks of the river nile modern technology is used to create perfect farming. with the south now likely to asked -- to succeed. they say it's a good time to focus on agriculture. >> once this is going, we can get down to seriously investing and working on agricultural industry and mining and all the things we have been wanting to do for some years. but have been distracted by all this political you are the mile
molly. -- turmoil. >> the construction work has provided work for my grants including hundreds of thousands of sudanese who fled the civil war. what will their status be if the south breaks away? some suggest they will not be welcome to today? car too many. now the government -- in kartoom. now the government is -- if they decide to be independent of the north, they will be protected. that i will be granted rights as residents but not as citizens. >> we found southern sudanese families with all their possessions preparing to head home after years of kartoom. the south is so underdeveloped, they'll face challenges. but with the lingering uncertainty of the north they are headed south to what they
hope will be a new country. >> the latest on manchester united is some of that debt's being paid off. good news? bad news? >> it's both. the american owners owe debt to three different bodies. one is the -- american hedge funds and the the owners have written to one of their debters and said we're going to pay $350 million, the entire loan back. in theory that's good news but the bad news is they are still left with $895 million. >> why do you happy to debt on us in the fist place? one might think they are or should be pleased that a lot of the debt is already paid off. shouldn't they be? >> no. because the debt they were owed
-- they could take money from the club to repay their loans. doesn't make sense. it puts the club into negative and it's $1 12 million they can withdraw from the club, so surely the fans would rather that money go towards buying new players, especially with wayne rooney out. i know u happy -- it's good news from a financial since, per se. but it's not great news for the fans. >> thank you, very much. >> are astronomers using a telescope say they have identified the nearest black hole, more than 470 million kilometers, but the size, the equivalent of the distance between your house and the end of your garden. for the first time doctors have
injected stem cells in the brain of a stroke patient. the trial in the glasco will study the response of 12 summings and doctors will monitor any change ins brain function over the next year. human rights watchers urge the government to investigate killings and violence against a clan. some members are facing trial for the massacre of 57 civilians nearly a year ago. now here's a rarity. a diamond which has been described as one of the most important gem stones ever to go to auction. we report. >> it's the star of the jewelry season. everyone wants a glimpse of it. but this ring is out of reach of most fingers. the this diamond is so rare, experts say that, when it goes under the hammer later today, it could fetch a world record price. >> it's one of the most
important diamonds to appear over 7 -- -the most important thing about it. is a diamond of this many carets is almost unknown. undenyably an absolutely beautiful thing. >> 24. 8 care reds to be -- carets to be precise and just over $1 million per caret. the minimum price is over -- 27 million. there may be a global economic downturn but not in the jewelry trade. interest in the pink diamond is high and thought to fetch far more than the minimum price. if it does, it will be yet more proof that while the currency may be fickle, diamonds are
forever. >> well, you can find out how much it goes for here on bbc news and the website where we're across all the main stories throughout the day and every day. there's the address for you once again. >> 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 offers unique insight and expertise in a range of industries. what can we do for you? >> there is one stage that is the met and carnegie hall. >> o, that this too, too solid flesh -- >> it is the kennedy center. >> check, one, two. >> and a club in austin. >> it is closer than any seat in the house, no matter where you call home. >> the top of the world, and i'm there, i'm home. >> pbs -- the great american stage that fits in every living room. your support of pbs brings the arts home. >> bbc world news was presented by kcet, los presented by kcet, los angeles.