why singapore? reporter: singapore is viewed as neutral turf for both leaders. the u.s. has long-standing security agreements with singapore. there is a north korean embassy there. it also has strong ties to china. it fits the bill on a number of france. it is viewed as a very secure place to have a big summit like this. they have held other kinds of things like this in the past that have gone successfully. meeting ofy had a the chinese president and the taiwanese counterpart. there is a lot of reasons that this makes sense. it is interesting. some are viewing the fact that the north korean leader is going to go to singapore, which was not his first choice. it is the furthest he has gone as leader. it is a little bit of a conciliatory gesture to the u.s., that he was willing to meet them halfway. it is much closer to korea. everybodymething that feels comfortable with as a meeting place. >> we understand the kim jong-un was keeping a close eye on the outcome of the iran nuclear court. president trump now saying that the u.s. is going to leave it. readly we -- what can we

trackingrk, you are the markets in singapore. when we hear the language being used, tie these elements together with the bids this morning. mark: the big issue investors want to understand is the political outcome. this is where it slightly differs from six years ago. the politics seem to be much worse this time around, the threat of another election could increase the size of the populace boat in the parliament -- populist vote in the parliament, unnerving people. risk that we could have a government in italy not favorable to europe is a much better thing for investors to digest. it will take a few weeks to understand how bad it will be. we need to see more clarity. manus: one thing which came to our viewpoint yesterday was what happened with a number of the deutsche's, credit suisse, i have barclays. this is the heart of the issue, about what is currently a political crisis -- that could liquidity crisis that could really get the banks. rk: banks have to hold a lot bonds as part of their day to day business. sector, it will hit

. ♪ live shot of singapore there, little bit of a gray day, but asian stocks rallying. two big heavy duty stories going on. jong-unthe trump-kim summit said to be back on the agenda. that is a monumental change from friday. the moment asian stocks are looking at, dollar is lower, yields are lower, we will take a bid from anywhere. talking about north korea, the summit might be back on. president trump appeared to confirm that the meeting will happen, saying the u.s. team is on the ground in north korea. bloomberg's chief north asia correspondent, stephen engle. we are at the behest of tweeting. where are we? clarity or confusion? >> absolutely both. we still have 15 days to go before that june 12 proposed summit in singapore between kim jong-un and donald trump. we might have more gyrations tomorrow and the next day. , it is an tell you is positive step from late last week towards the end game that would be a summit. lost in all this is, over the weekend, kim jong-un and moon jae-in met again, only the fourth time these leaders have met since the war ended in 1953. that

juliette saly in singapore. let's talk about italy's populists agreed to form an test form a coalition government. -- form a close in government. he sees monday as a make or break moment. at the parties -- as the parties it's closer, italian bond spreads have been widening. the outgoing ecb vice president says they have been watching the situation. move -- we have to monitor the situation. it has changed with what has been happening recently. the problems of italy are the same as known by everyone. course, they yields and the spreads have been contained. until recently, there has been a spike. we'll see how it will develop. anna: joining us now, here's kevin consolo just kevin costello. what can we expect from the markets? date?ake or break kevin: you can expect nervousness on the markets. you saw that from mr. constantia. the markets have been taking this in a relaxed way. now this week, you saw the bond spreads widening. you saw the yields going up and this bond -- and the bond stock exchange is now down 1% ov

he said it will be happening in the demilitarized -- in the demilitarized zone, taking singapore now the most likely venue. donald trump's attorney rudy giuliani is that the president didn't know about payments to -- his personal lawyer received from companies. it was revealed by another attorney representing the adult

north korea was surprised by donald trump's decision to cancel a summit in singapore.

manus: a live shot of singapore, stocks up .25%. asian stocks are climbing because you have solid u.s. economic data. tencent is absolutely on a tear, up 7%. for the moment, the equity markets remain unsettled by senior government bond yields reaching important levels. of above 3.11%. juliette saly is standing by with all the latest. totale is that it will not risk investing in iran unless they can secure a waiver. saying continuing to do business in the islamic republic would be too great a risk at the government has large operations in america and depends on the countries thanks for finance its operations. as result, it won't commit anywhere funds to advance project in which it took a controlling stake last year. it has emerged that u.s. regulators gave a senior executive at deutsche bank astern morning in march, according to people with direct knowledge of the situation, they ,ere told to act more urgently described in his series of settlements over the past years. the revelations underscore the daunting behind the scene challeng

this is bloomberg. ♪ 9:21 in dubai, one in singapore. singapore. the global panic has abated for now. moody's has their eye on the italian banks. you couldn't see a whole different story depending on the ratings -- could see a whole story depending on the ratings. juliette: the new ceo of deutsche bank says the lender is committed to america, as the firm cuts back in some businesses there. fundamentally, the u.s. is the most important market for us, he says. employees await the outcome of sweeping job cuts amid large-scale restructuring. google is working on an upgrade to its pixel smartphone mine for october, including a model with edge to edge screen. phonestically acclaimed have yet to make a major sales impact. google sold less iphones than apple last year. manus: juliette in singapore. the italian crisis could mean a whole host of things for a variety of world leaders. what isg understands going on in italy could only strengthen the resolve of the u.k.ates that suffers consequences for brexit. that is if the u.k. fails to lay out its position

juliette saly is in singapore. ryanair has said and/or earnings are set to slump for the first time since 2016. europe's biggest discount airline says the internet income back toe 10% will fall range of 1.2 5 billion euros. declineld represent a of as much as 40%. the ceo joins us just after 7:00 a.m. u.k. time. harbour energy has made a bid for santos. indicatedased company it could be raised further if santos expands its oil hedging program. -- at the equivalent of 6.9 five aussie dollars, that's a premium. the united arab emirates lance to allow full foreign ownership and companies and grant long-term visas to some .nvestors it's a significant departure from the policy of restricting foreign ownership outside free zones. the second-biggest gulf economy six to attract more investment. that's your bloomberg business flash. the former malaysian prime minister is to be questioned about the scandal. it's part of a new investigation into billions of missing dollars, some of which appeared to end up in his bank account

juliette solly in singapore. barclays is exploring a potential -- with standard chartered as part of contingency plans being weighed by board members. singapore ands in hong kong declined to comment. joining us, bloomberg's asia finance editor in tokyo. russell, great to see you carry in terms of the report, what do you think has prompted barclays? this sounds like a story coming from the chairman's office. i haven't seen anyone right up jes staley's name in this yet. >> that's right. fromeport, this stems pressure from an activist shareholder. according to the report, chairman john mcfarlane has thought about contingency plans and one of those is merging with standard chartered. was quick to say no formal bid has been made and at this point, -- might be tina in. -- keen in. but it hasn't been discussed on a formal basis. investors are taking this seriously with shares in hong kong this morning. anna: we have seen the share price go higher in response to the story. what are other contingency plans being explored

anna: juliette saly in singapore. italy may be at a turning point to end a deadlock after the said he iseader ready to give up his >> to be prime minister if that will make the difference between deal or no deal. begins a final round of meetings after the inconclusive general election in march. kevin costello joins us now from rome. kevin, a very good morning to you. it has been a flurry of activity over the weekend. what has been happening? as you mentioned, the five-star movement has given up its claim to the premiership. that had been a major sticking point. there is another sticking point that the five-star has not given up on, and that's that five-star does not want anything to do with former premier silvio berlusconi, which is likely to be a major problem for the coalition talks. manus: what happens next? very good morning to you, it's medicine dubai. what happens next in terms of these talks with president sergio? began in atalks little over two hours. he will hear from all the different political parties, cons

here's juliette saly from singapore. juliette: royal bank of scotland has said it's reach a tentative agreement to pay a penalty to resolve a long-running u.s. probe into its packaging in sale of mortgage backed securities before the 2008 financial crisis. class willst of the be covered by money it had set aside, you cut second-quarter earnings of $1.44 billion. analysts had estimated rbs might have to pay $9 billion to resolve the matter. former chairman has been sentenced to 18 years in prison after being convicted of fundraising fraud and embezzlement. according to the official news agency, he will be deprived of for fourical run years. $1.7 million of his assets will be confiscated and any illegal gains will be retrieved. the remarkablels downfall of a dealmaker who was accused of masterminding a $10.2 billion fraud. all major activities after the u.s. crippled its ability to buy crucial american technology, signaling the potential collapse of one of the ofld's largest makers networking gear. china's second-biggest t

or in other countries, including singapore. speaking at a joint white house press conference with the nigerian president, he also expressed optimism that the summit would take place. he reiterated that. that he would leave if it was not successful. israeli prime minister, benjamin netanyahu, says his country has a lot of imminent documents proving that iran has a nuclear program. he is trying to give the president ammunition to pull america out of the iran nuclear accords. the u.k. is proposing a new plan to kickstart stalled brexit talks and make progress on the issue of the irish border, as negotiations resume this week in brussels. prime minister theresa may's tom of negotiators is trying work out how the u.k. and the eu should work together on the border question. wantedavis has said he to move quickly when talks restart tomorrow. 'sazon founder jeff bezos aerospace company, blue origin, has successfully. tested its booster it was a rocket.est of the sub it is named for alan shepard, the first american in space. he hopes to

north korea was surprised by donald trump's decision to cancel a summit in singapore. the country remains willing to meet with the u.s. at any time. pyongyang vowed to continue to pursue peace and signaled it would give washington more time we consider talks. -- to reconsider talks. china's official news agency reported that officials book by phone today about plans to negotiate on economic and trade issues during the visit. union has dismissed many of the uk's plans for their post-brexit relationship as little short of fantasy. according to an eu official, three days it of talks wrapped up with little headway on the most different issues, how to prevent a hard irish border. the u.k. has not come to grips with all the steps needed to avoid frontier ship from the isle of ireland. it has not formally pitched its plan. you can find more stories on the bloomberg website. >> we are in track for a weekly loss. this uncertainty about the summit is sending shockwaves through the stocks in asia. you have seen the cost be off the lows of the day and south korea. it is hong kong

julia is in singapore for us. lia: the united states is ready to impose sanctions on the european union after there was a ruling that airbus -- after the airbus ruling. this is in addition to president trump's steel and aluminum tariffs. -- elon musk readies a reorganization of the top management team at tesla. bob rudd, who lighted north american commercial and northies sales -- led american commercial and utilities sales have left the company. musk declined to comment further. rudd couldn't be reached for comment. relianced bonds of munication some slumped after an indian tribunal ordered the wireless carrier be placed in insolvency proceedings. a $3.7ision jeopardized billion asset sale. and two of its subsidiary us will decide on the next quarter action after studying the detailed order. anna: thank you. the 10 year treasury yields reached the highest level in almost seven years. this morning, it is holding above 3%. the bond market has the attention of investors, who will look to the fed for guidance on rates

where have that impact you do have a number of markets closing, including singapore, malaysia, and thailand. vietnam is recovering. having a look at stocks we are watching in the region, we are seeing softbank under pressure. thatd the news yesterday the talks with softbank are off. swift moody says it may rate softbank as an investment firm rather than a tech company. , up 15%. we are seeing a rebound in vietnam stocks. and injured bear market territory yesterday. manus: thank you very much, juliette saly. let's get back to italy's populist leaders. they are mobilizing for an earlier election. as the disconnect between the pro-and anti-eu forces seems to be increasing, the country may go to the polls this september according to a senior government official. byormer imf director picked meet the headld of state as early as today. let's get to our man on the ground. good to see you as ever. -- a has a new president new delegate. what is his role between now and the election? what will his message be? is it to the rest of europe and the bond market? >> yes, he will be trying to calm things dow

let's get more from our strategist in singapore. sia willitially china-a make up a tiny part of the world index. why does it matter? mark: numbers are very small to begin with. chinese markets are already huge. measures are very large beyond sure markets. people expect the number to get larger. it is a recognition china is doing the right thing. they are part of a global community as far as investing. years,n, within five china could make up a pretty big chunk of the msci. if people are expecting that to happen, they will be very incentivized, beginning with the chinese market. it is a long-term play. because of the size of their market, they will affect everyone. they are too big to ignore. anna: making a slow, creeping start. zte, how is the market taking news president trump wants to save it? this changes the mood music around the u.s.-china trade conversation quite substantial yesterday. mark: it was taken well initially. monday morning, the asian markets liked it. china is now reopening qualcomm. positive on that side as well.

juliette saly and our singapore studio. ira raisesh l interest rates. there was an emergency meeting on wednesday. the currency plunged. globalntry will follow principles on monetary policy. the message was slightly different last week when president spoke exclusively to bloomberg. we have to give up the image of a president who is influential in military policies. 6 you will play a role in military policy going forward echoes is that the big change back of -- change? >> this may make some are, but we have to do it. allen, good morning. is this a capitulation moment? have we seen erdogan step back from his verbal moment last week on the lira? >> he flip-flops between the two. it is great to see that bloomberg interview and it looks like he has moved away. the central bank has raised rates. i think you are right. i think if you are looking at long-term, this is a familiar pattern. you have these big selloffs and the long period of stability. done enough for now, but he likes -- to be fair to him, if you go back 20 years ago, the u.k. government used set

anna: thank you, juliette saly in singapore. the first u.s. bond auction of the quarter are being held today. with $31 billion of three-year notes on sale. ale give us an indication of the appetite for treasuries and whether yields will rise further. jamie dimon told bloomberg in an exclusive interview that markets should be ready for 10 year yields to jump higher. a possibility for acceleration -- the fed raises rates a little more than you expect in the short end and might force the 10 year up. you could easily do 4% bonds. anna: that was jamie dimon speaking exclusively to bloomberg. jub hurren, fixed-income manager at aviva is still with us. of course it matters why yields would go higher. he was talking about all the good reasons for yield to go high. could you see 4%? jub: i think it is not an unrealistic target. the fed is signaling they want to hike about 100 basis points higher than the market is pricing out. we could see normalization their 100 basis points and the yield is flat in the space. 4% from where we are today isn't too much

juliette saly kicking off the week for us in singapore. --cks in futures are likely are largely in agreement. but oil has held at $71 a barrel. despite the threat of u.s. iran, other opec nations have signaled they have enough of their capacity to mitigate any market impact. tracy alloway spoke to the uae energy minister in abu dhabi. . we have been there before, and i think opec had been resilient to deal with many of those issues in the past. some of the member capacity, they have that can be used with production. -- with reduction. anna: joining us in london, stephen isaacs. stephen, a very good morning to you. let's talk about oil. oil whenoncerned about we see the trump administration move away from the around deal -- from the iran deal? >> i was listening on the radio this morning when you are hearing the $100 a barrel calls. it makes you worried. first of all, what happened with iran last week was hardly new news. it was highly anticipated. he said it would be a campaign promise. . think that is built into it more importantly, opec

juliette saly on the market in singapore. let's talk about corporate earnings in europe. specifically, around the oil sector. in, beatingted analyst estimates. joining us, the ceo of lundin petroleum. rate have you on the program. toplinelk about the performance. revenue coming in well above the estimate. is there something that analysts missed? what explains the fact that the strong has come in so versus what was expected? alexandre: the strong number is on the back of strong production from key assets and we have seen excellent up signs and have reached production levels in the upper range of the guidance and that has led our numbers to be very strong. with low trading costs. we have reached operating costs below four dollars a barrel -- $40 a barrel. a record low. anna: record low operating costs. the you see that continue -- do you see that continuing for the rest of the year? alexandre: not just for the year, but a long time because we are currently working very hard to put on stream one of the largest projects in the world offshore. it is due to come on stream by th

. ♪ shot: welcome back, a live of singapore. a great day there and at great day for markets. the msci excluding japan i'm a down .6%. construction materials are on the league of the drop. finding the direction posts fed. one lady always knows the ,haidi.n, good morning >> good morning and thank you for that. kicking off her process expected to raise at least 10 billion u.s. dollars. the ipo could be the largest since 2014. the chinese mark warner maker said revenue surged 67.5% in 2017 at a blistering pace of growth that will help it take on apple and samsung. tesla shares reversed in late trading after ceo elon musk cut off analyst pressing him about ending the companies before his cash burn. he earlier said tesla would generate money in the second half as it ramped up production of the mass-market model three, but on the post earnings conference call, he dismissed questions about capital climbing. >> am sorry, his questions are .o dry, they are killing me >> the political consulting firm at the heart of the facebook data manipulation scandal is shutting down. ite gentle it

and north korea and singapore. trying to say dan this is al jazeera live from dar how so coming up a staunch critic of the fog peace deal in colombia gets the most votes in the first round of presidential elections. one in a dispute with the u.s. over second hand clothes we'll find out what this means for the economy. and a real life hero after migrant is rewarded for an extraordinary acts of bravery by from. the summit between u.s. president donald trump and north korean leader kim jong un may still go ahead a u.s. delegation is in north korea while a team from the north has been spotted in china on its way to singapore well that's where the meeting was scheduled to be held on june the twelfth before donald trump canceled it last week for more on this that speak to andrew thomas in seoul then so a lot of coming and going pretty strong signals june the twelfth may be the date again. it's looking very likely and that just shows the difference one frenetic weekend can make remember it was only on friday that we thoug

in past days which led with singapore with his official announcement via twitter earlier today singapore is seen as neutral territory for both the u.s. and north korea the u.s. naval presence as well as a north korean embassy one of fewer than fifty countries to do so in the world and the singapore is experienced in these high stakes last minute diplomatic talks in two thousand and fifteen we saw a successful meeting hosted by singapore of the leaders of china and taiwan and its location five thousand kilometers from young is apparently not too far from for kim jim to arrive at we saw him taking a plame to his visit in china which was his first time aboard an aircraft that aircraft that we know of and he's expected to fly as well to singapore now leading up to this summit scheduled for june twelfth trump has been touting the list of what appears to be concessions that north korea has already offered they've included stopping testing of a listed missile program as well as the nuclear weapons program kim jong un told the south korean leaders that he was willing to allow the u.s. military t

very close to arriving in singapore. and then we hear a c.u. north korean official seen in beijing on his way from pyongyang to singapore to the north koreans are on their way it looks like it's full steam ahead a lot of moving parts has thank andrew thomas for now and let's go over to see one coup is the managing editor of korea exposé that's a news magazine joins us now live from seoul and looking at all the moving parts that are happening here do you see that this is going to turn into a trilateral meeting well so i mean we're seeing a lot of reports coming out here in the last media suggesting that the blue houses are preparing for their possibility and president losing seems are perhaps even enthusiastic that he might even be flying to singapore i think especially after the kind of performance moment when over the weekend having this prize second summit begin jungleland and being critically sell getting this peace or dialogue process people do think it wouldn't be ultimately if you were to actually join these two l

and north korea in singapore. sam is a guy and this is al jazeera live from dell also coming up a staunch critic of the peace deal in colombia gets the most votes in the first round of presidential elections straightly in an english cricket boards deny any involvement in a match fixing after an al jazeera investigation plus. the passengers have a strong determination to break the siege whatever the circumstances palestinians turn to desperate measures to break an israeli blockade and get urgent medical help . the summit between u.s. president donald trump a north korean leader kim jong un may still go ahead a u.s. delegation is in north korea while a team from the north has been spotted in china on its way to singapore where that meeting was scheduled for june the twelfth before the u.s. president canceled it for more let's speak to andrew thomas he's in souls of some pretty strong signals there that june the twelfth is the date and it's back on again. what a difference one frenetic weekend can make on friday the

but why singapore did he explain. well barbara singapore is seen as a neutral territory for both the united states and north korea it does host naval presence from the u.s. military there as well as an embassy to north korea singapore is also demonstrated that it is capable of hosting these high stakes diplomatic talks in two thousand and fifteen we saw the leaders of china and taiwan also true single port as their point as their meeting spots and it is not far from north korea is about five thousand kilometers this would be the furthest that kim jong un has traveled from his native country expectedly he would fly there we just saw from his recent visit to china that indeed his country does have the capability of sending him there on a plane which at one point was a question and leading up to the announcement of this summit there has been a series of developments that has been viewed by the u.s. as as good progress that started with north korea saying that it is willing to stop testing of its ballistic missile and nuc

very close to arriving in singapore and then we hear a c. you north korean official seen in beijing on his way from pyongyang to singapore to the north koreans are on their way to it looks like it's full steam ahead italy's president has appointed an economist to become interim prime minister carlo carli is a former official at the international monetary fund italy's experiencing political turmoil following the decision of the president. to veto the former prime minister's there's a choice of economy minister colombia's set for a runoff vote to elect a new president after sunday's election produced no clear winner conservative even duke a critic of the fog he still got thirty nine percent of the vote he'll face left wing challenger to starve a petro in three weeks rebels near the southern syrian province of there are preparing for a possible offensive by government forces the area is mostly controlled by opposition groups the u.s. is warning of a strong response government forces attack rwanda may soon lose some of its trade benefits with th

of the top stories on al-jazeera next month summits in singapore between u.s. president donald trump and north korean leader kim jong un may still go ahead the u.s. delegation is in north korea while a team from the north is in china on its way to singapore south korea has suggested that president moon in may also take part. it's in his presence is appointed in. colonist to become interim prime minister lord cook that early is a former official at the international monetary fund italy is experiencing political turmoil following the decision of the presence to veto the former prime minister's choice of economy minister colombia said for a run of photo elect a new president after sunday's election produced nokia win a conservative even duke a critic of the fact peace deal got thirty nine percent of the vote he will face left wing challenger gustavo petro in three weeks more than two million afghans are at risk of severe food shortages because of a devastating drought unipod says below average rain snow fall and precipitation since december have affected twenty ou

as trump was debating between singapore and the d.m.z. he ruled out the d.m.z. in days earlier singapore is seen as neutral ground for both countries it hosts a u.s. military base as well as the north korean embassy and it is a country experienced in holes in hosting these high stakes diplomatic talks at the last minute we saw that in two thousand and fifteen when it successfully hosted a summit between the leaders of china and taiwan israel's prime minister benjamin netanyahu is defending overnight strikes in syria which the israelis say destroyed nearly all of iran's military infrastructure there saying iran crossed a red line israeli army says it dozens of targets across southwestern syria to holland has yet to respond officially but senior iranian politicians have denied iran was behind any attacks. mohammed has been sworn in as malaysia's prime minister following his unexpected election victory the ninety two year old was sworn in as the seventh leader by king sultan mohammed the fifth on thursday military govern malaysia in the eighty's and ninety's when m

delegation is in north korea while a team from pyongyang is heading to singapore where the historic meeting is set to take place andrew thomas has more now from seoul. what a difference one frenetic weekend can make and i was like it's full steam ahead for a summit in singapore on june twelfth as originally planned has been the u.s. delegation inside north korea on monday advice on kim south korean born but the u.s. ambassador to the philippines he's been ambassador here in seoul in the past though he was very much involved in the six nation talks that took place while president bush was in office later president obama he knows the issue backwards he's been meeting with north korea's vice foreign minister chase on he again fluent english speaker she knows this issue backwards from a north korean point of view meanwhile in singapore over the coming days they'll be u.s. delegation and a north korean delegation meeting to discuss the logistics security arrangements protocol that's all happening simle time in your sleep and if there is a summit on june the twelfth will president moon of south k

for just two days the planned date of the summit in singapore now less than two weeks away hence the hectic diplomacy with meetings between the north koreans and the u.s. in singapore at the demilitarized zone between north and south korea and here in new york was secretary of state mike pump is meeting general kim at the white house they say it's president trump will make the final determination on whether the summit goes ahead as their conversation is going to be focused on denuclearization of the peninsula that's what these ongoing conversations taking place now will be centered on as well as this summit that will take place in singapore and we're going to continue it as long as that is part of the discussion we're going to continue to shoot for the june twelfth it was evening in new york at this apartment complex with the secretary of state and general kim have their first meeting of this trip although they already know each other from the two occasions this year when pump aoe visited pyongyang the dinner the first in a series of meetings between the two men took place in a resid

seven itself and it's quite possible as well that shinzo are they might go across to singapore to try and get into donald trump say just before they go into their summit kim jong un and donald trump you can absolutely understand why shinzo are they would want to make sure that his voice is heard donald trump say because donald trump if this summit happens will want it to be seen as a success almost at any cost he will want to walk out and sell for a commitment a big deal from kim jong un but what he thinks is a great deal and it might be from the united states point of view perhaps a total instant giving up of weapons that could ever reach the u.s. mainland well that would not satisfy shinzo so remember japan is far more vulnerable to north korea than the united states mainland is it doesn't take long range missiles to get to japan so shinzo all day will be very keen that donald trump doesn't give up too much in order to achieve some sort of victory in his eyes from his talks with kim jong il at the same time president moon of south korea who in many ways has brought kim jong un and d

as trump was debating between singapore and the d.m.z. he ruled out the d.m.z. in days earlier singapore is seen as neutral ground for both countries it hosts a u.s. military base as well as the north korean embassy and it is a country experienced in holes in hosting these high stakes diplomatic talks at the last minute we saw that in two thousand and fifteen when it successfully hosted a summit between the leaders of china and taiwan. mahathir mohamad has been sworn in as malaysia's prime minister following his unexpected election when the ninety two year old was sworn in as the seventh leader by king sultan mohammed the fifth on thursday by us here government asia in the eighty's and ninety's the win makes him the oldest elected leader in the world he replaces the who was tainted by a corruption scandal rescuers in kenya are searching for survivors after a disaster that's killed at least forty nine people with several more still missing the dam in the rift valley around one hundred fifty kilometers north of the capital nairobi burst its banks on wednesday even

on counting the cost we'll look at how investors are reacting to the collapse of the trump kim singapore summit. why it's really has. the rest of europe on the rise we look at some of the pressures pushing up the price of oil. counting the cost. you're watching i'll just zero time to recap our headlines this hour though counting has begun the island after friday's referendum on relaxing laws on abortion exit polls suggest there the seventy percent of people are in favor of repealing what's called the eighth amendment official results are expected on saturday afternoon. u.s. president dog trump says he's had a very productive talks with north korea aimed at getting the summit back on track canceled the talks on thursday for the second time in less than twenty four hours he said the meeting with kim jong un could still take place on june the twelfth and singapore. made landfall in oman bringing strong winds and torrential rains seven people have died across oman in yemen and forty people are missing. now indigenous people forced to leave their forest homes in kenya are still waiting to ret

two days and it's now less than two weeks ahead of the date when that summit that all off so it's in singapore is supposed to take place and of course encouraging sounds james about the potential summit but the issue and sort of the. issue of denuclearization is a fractious one and each side of the has a very different view on what that means. absolutely exactly how do you denuclearize north korea and as the north koreans always talk about denuclearization of the korean peninsula in the past suggested that means the u.s. has to pull its troops out of south korea which of course come under south korea comes under the nuclear umbrella of the united states and what does the u.s. have to do in return for north korea dismantling its nuclear weapons program north korea wants a guarantee of non-aggression so a great deal to work out here before they can give the got to go ahead either side can say that they want to go to that summit that is supposed to take place in singapore secretary of state pompei o.s.b. leading the diplomacy on this interesting that also we spotted here a top cia official andy k

state department has suggested that the so much between donald trump and kim jong un and singapore next month is back on that comes as the north korean leaders right hand man travels to the u.s. for talks with secretary of state mike pompei o. the united states continues to actively prepare for president trump's expected summit with leader kim in singapore president trump will meet with prime minister shinzo abi of japan on june the seventh at the white house and the secretary pompei o looks forward to being a part of those meetings north korean vice chairman of the central committee kim yong chal is arriving in new york and will meet with secretary palm pale later this week we also have a u.s. delegation meeting with the north korean delegation in the d.m.z. committee held at has more from washington d.c. . well the white house is confirming when north korea's vice chair travels to new york city it is the u.s. secretary of state mike pompei o with whom he will be meeting this is significant because previous visits between the u.s. secretary of state and north korean officials happened

summit and then what is needed to happen at the singapore summit they really don't need the voices of others to try to work closely with south korea but really i think they tolerate the fact that china is involved and speaks very closely to north korea but i think they will be infuriated by the fact that coming now to pyongyang met the supreme leader kim and given his own assessment of how this should play out it's interesting that was the law saying that you can't do this. in one phase as the u.s. has been suggesting it has to be done over a period of time so undermining i think one of the basic messages that the u.s. is trying to send to north korea in the building behind me all right thank you. the u.n. agencies of warm that they'll have to stop the relief program for syrian refugees unless there is a significant increase in funding seven years of war in syria has created the world's largest refugee crisis all the five million syrians are living away from their homes most of them are in turkey in jordan and in lebanon from. these syrians are some of the millions forced from their h

on this issue anyway to kim jong un here so he's significant at the same time the talks going on in singapore on the just six and agenda talks we think is still going on on tuesday inside north korea between the u.s. delegation who were seen leaving their hotel in seoul about three hours ago now all very secretive i went out through a back and entrance of the hotel to avoid the waiting journalists they are thought to be inside north korea now talking about the agenda and so very much looks like andrew the summit is going to go ahead for now anyway and aside from that summit we had donald trump speaking with the japanese prime minister about a possible meeting between those two about this issue. you know we expect that those two will probably meet in canada at the g. seven summit that is that they held on june the eighth it's also possible that are they might go to singapore to try and get in the transit just before he walked into the room with kim jong il if that summit happens and at the same time we know from a source here at the blue house in seoul that president moon is very keen to be in

on counting the cost we'll look at how investors are reacting to the collapse of the trump kim singapore summit. what it's really has fallen out of a more date with the rest of europe was on the rise we look at some of the fresh is pushing up the price of oil. counting the cost and i just you know. what now for north korea donald trump cancels the much awaited talks with kim jong il one. of the only known to change his mind sometime in the future is what happens to the north's nuclear weapons now this is inside story. and and welcome to the program on this of pran i'm shocking perplexing and unexpected just some of the reactions to donald trump canceling his highly anticipated summit with ken joan and singapore next month the north said trump's decision was extremely regrettable a sentiment echoed worldwide as a missed opportunity for peace the u.s. president called it a sad moment of history and the white house blamed north korea's trade of broken promises in a letter to kim trump said sadly based on the tremendous anger and open hostility displayed in your most recent statement i feel

situation is forced upon us however the president's address to the singapore summit could still happen it's possible that the existing summit could take place or a summit. at. a later date doldrums letter to north korea was a curious mix of threats and polite regret sadly based on the tremendous anger and open hostility displayed in your most recent statement i feel it is inappropriate of this time to have this long planned meeting the letter said you talk about your nuclear capabilities but ours are so massive and powerful i pray to god they will never have to be used but the president added i thought a wonderful dialogue was building up which mean you and me and ultimately it is only the dialogue that matters if you change your mind having to do with this most important summit please do not hesitate to call me or write u.s. secretary of state also said the next move is for the north koreans to make chairman kim why that decision to make for himself as president said we welcome their call their outreach to head back down there did we consult with our allies about the decision before m

a lot of people are working on it it's moving along very nicely so we're looking at june twelfth singapore that hasn't changed. and it's more along pretty well analysts are split on who's driving the agenda donald trump is seen as a person who can start a war and the last say forty eight hours to get maybe more of the fear that dormant thompson is stray from is going to cancel the summit and then this if you lead to a new escalation of tension some probably of what if this year has been decisive others think it's kim in the driving seat they think his commitment to denuclearize ation means u.s. withdrawal from the region to not unilateral north korean disarmament in exchange for the lifting of sanctions i think it's the north koreans driven disengagement consolidate nuclear deterrence they've decided that they can push forward under groceries not only with the united states but also south korea and reengage with china they have a clear pathway forward whoever is driving the june twelfth singapore summit is looking a lot more likely than it was it seems like longer but it was only three day