Who lost their lives. And hanging up his boots french striker henry has announced his retirement. A trophy laden career, the 37yearold is set to become a soccer star. We will have a review of the press. We have a roundup of headlines from around the world, including the reaction to the siege in sydney. And we will bring you an update on the roller coaster ride that is the russian ruble. Moscows central bank has hiked Interest Rates by almost 7 at the economy shows signs of going into meltdown. And our top story this hour, taliban gunmen in pakistan has killed at least 130 people, 84 of them thought to be students during a hostage situation in a school. 120 two people have also been wounded, according to the pakistani authorities. The attack occurred in the northwestern city of peshawar. A report of heavy gunfire from within the school as soldiers moved in and around it. A stream of entrances transported wounded to the hospital. At least six armed men entered the military run Army Public School. A taliban spokesman said they were suicide bombers. Our correspondent in islamabad joins us now to update us. A very dark picture coming out of peshawar. And weve learned in the last few minutes that up to 100 children may now have died in this attack. Scores dead, but rescuers said they managed to pull four people from the building. Yet, as we speak right now, the military has not declared the area cleared as of yet. They dos a at least five of the attacker they do say at least five of the attackers have been killed. The report is they may have designated detonated themselves inside the building. The clearance of the area is ongoing. The bodies are still being recovered. The death toll, as you magic, is almost 100 children. As you mentioned, is almost 100 children. And those who were at the security of the school. Right now as we speak, the military has said there is one particular block inside the building that is still not that they are inspecting and they think the last attacker might be inside that. They are trying to secure that building. They have not given complete clearance of the operation. And the government has now declared this a National Tragedy will stop and National Tragedy. Yes, the Prime Minister declared it an hour after it happened. Then when the scale of it was becoming apparent, he announced the canceling of all of his appointments and headed to peshawar. He has not made another statement after that last date made. That last statement. Also, the army chief has headed toward peshawar where he is monitoring the operation being carried out against these attackers. There has been a threeday morning called for mourning call for throughout the country. Many offices and schools will be closed. The whole country is in a morning phase because of this incident. This was a heavily fortified area, the area that the school was located. It was heavily fortified. This obvious means this was a very planned attack. Definitely. The initial reports suggest that the attackers were actually wearing military uniforms. And this is not the first time that they have employed such tactics. In previous attempts at different Security Installations there have been attacks. They have done similar things that the military headquarters. They were wearing military uniforms a few years ago and stormed inside the headquarters. There are multiple checkpoints leading up to this region where the school is. Its a very garrison neighborhood, heavily securitized. Multiple checkpoints, and despite that, the fact that the militants or the attackers managed to get inside the schools and causes damage with this high number of casualties is a big question that many experts insecurity here are asking how nobody saw them before they reach their final target. And that nobody stop them before they reach their final target. Thank you for keeping us updated from islamabad. Lets speak to dr. Christine who is saying he is on the ground in peshawar and is a local educationalists. Involved in the education and sure this must be a very shocking day for you. Yeah, sure, it is very shocking, and very terrorizing also for all of those people. Including the kids and the adults who are running the educational organization. And of course, in the whole of peshawar, the mood has gone deeper into the brains of the people. Peshawar had been quite occupied with traditional activity. But in the last hours, it has become one of the places where the militant organizations have been formed. Perhaps the attack has been perpetrated by those organizations that are quite networked, and who have been able to attack from those cells on the right. It is something that security has to keep in mind. As far as peshawar is concerned it is in fear. All of the educational organizations, they are experiencing fear and grief. There were attacks on the outskirts of peshawar in the runup to this attack. Was there a growing fear that Something Like this could happen . Could you repeat the question . There were attacks on the outskirts of peshawar in the runup to this attack and they were and were their concerns that Something Like this could happen . Your point is not coming through clearly. Was concerned right thing the activity of the taliban was quite strong in the area with concern rising that the activity of the time i was quite strong in the area . Yes, there have been many concerns by the people, and there have been for a long time now. But [no audio] thats a shame. I think we have lost the doctor. He was speaking to us from peshawar. We will try to get him back, but we will have to move on for the moment. Moving on terrestrially, us trillions are moving onto a change moving on to australia, australians are moving on to a change in sydney. Armed police stormed the downtown building in a hail of at 2 00 a. M. Local time. And the Prime Minister has paid the tribute to the interstate innocent victims. A field of flowers in central sydney and tears of grief for the debt as the city mourns in the wake of a bloody hostagetaking in for the dead as the city mourns in the wake of a bloody hostagetaking in a nearby cafe. Collect my heart is broken for them. This is happening in the middle east all the time. We are protected from that. It is just terrible. That this sort of thing is now happening here. With state flag flying at half mast for the two who died, the cafes manager and a 38yearold mother of three Prime Minister of it laid his own tribute at the shrine. He praised australia for how they have coped, found that the nation remains strong. We have responded to this in character, with stoicism, with equanimity. Whatever happens in the days and weeks and months to come australia will always be a free and open and generous society. As those wounded in the siege recover in hospital, police announced an investigation into its events. The nations lawenforcement enforcement remains on heightened alert. The pico default go de f algo volcano has erupted for several weeks. Last week, the area around the locate no witness it is structured two villages under the advancing lava. Inexorably overwhelming everything in his path lava burned through two villages on the small Atlantic Island nation sunday. Almost 1000 people evacuated leaving their homes to their fate in rivers of fire. With little in the way of geographical features to prevent it the flows combined into a single destructive force. In less than 12 hours nearly three quarters of the buildings have disappeared. It has been 90 years since the volcano last erupted rumbling to life over the last three weeks. The 2900 meter peak 1995 irruption did not eruption did not cause any loss of life or property. Local authorities fear the forest could be at risk, too. French striker henry has announced his retirement from the profession of football. He will become a tv soccer pundit. He was a 1998 winner with friends. Henry also scored 175 premier league goals with arsenal staying with the governors the gunners between 1999 and 2007. When he left the rentals, there was some speculation he might choose to play summerhouse, but instead he is full the curtain down on an illustrious career. Meanwhile, the headline from paris. A Deadly School siege. The taliban has killed at least 130 people, 100 of them thought to be his. Military Officials Say at least six armed men entered the military Army Public School in peshawar. The taliban has said they were suicide attackers. Australians are coming to terms with the aftermath of a 17 hour siege by an extremist killed by police. The countrys leaders paid tribute to the two hostages that lost their lives. And french striker henry has announced his retirement from the game. The 37yearold is set to become a theme a tv soccer host. It is time for a review of todays press. Im joined in the studio by flow. Flo. What is grabbing the main headlines . The siege of the cafe is the main story across the world, and as you can imagine, in australia. Lets take a look at the front page of the australian. It talks about the hostages neither poorer. You can see photos here of hostages who managed to escape during that siege. That photo there on the left has been on several front pages. It has become quite iconic. It talks about terror groups sydney grips sydney. This came out before, as in the Daily Telegraph, but once again that photo. Click lots of emotion in the Australian Press lots of emotion in the Australian Press. They are trying to come to terms with what this means for the future. Acidly, several Opinion Pieces about what will change. This piece talks about a brazen attack on the australian way of life, an attack on a peaceful and open and generous society, a secular and egalitarian society. He compared this incident to the boston marathon, or even the shooting in ottawa earlier this year. Another piece in the telegraph by john lehman goes even further and says it is a terrible reminder of the 9 11 attack as well as the madrid bombing. He says this day in december, 2014 will be remembered as the day is long terrorism came to sydney. Another piece says, lets take a step back and it will take time to ascertain the true motivation behind this attack. As for now, its unclear whether this was just a deranged individual, or some soreness in his lone wolf sinister lone wolf inspired by jihadist groups. Several people think that is the case, because there was that black flag avenues by the Islamic State group. It does suggest that this could be some sort of lone wolf scenario. And you can see that these they are talking about homegrown terror. And a lot of people are focusing on the gunman and the troubling picture starting to emerge. Starting to piece together information. The Daily Telegraph talks about what we know so far. He has been identified as man haron monis, 50 years old, born in iran, and received political asylum in australia in 1996. He is a self stylized chic sheikh with a media addiction and selfproclaimed black magic expert. He is well known by police at a deeply troubled man with a long history of runins with the law, including the pending case of the killing of his former wife. Lets change and focus on president francois hollande. He paid tribute to a speech he made at this easy and, a rare and passionate defense of the benefits of immigration. You can see the front page of the liberation. An editorial says it is in important speech, the kind of fighting each we have not heard from the president in a while. But other papers are not so impressed. The communist paper says, sure, this is a beautiful speech, but also a bunch of hot air. Hollande only words for immigrants, nothing of substance. He avoided one promise that the socialists have made for a long time to immigrants that they would be allowed to vote in france. And once again, he avoided this topic altogether. The rightleaning press also wasnt impressed, saying basically was pandering to voters on the left, and to immigrants, especially muslims in france. He was basically trying to make them happy and attract their vote. He can do nothing right for some, francois hollande. And on the old age debate on the difference between men and women. This says that men are stupider than women because find this sayso. This is a very because Scientists Say so. This is a very serious study. It examined 20 years of winners of the darwin awards. It is an award given to people who remove themselves from the gene pool, essentially dying, because of idiotic debts. Idiotic deaths. They talk about the male idiot. Because a 9 of the darwin awards are men. This can be asked lane by the fact that men are idiots and idiots do stupid things. 49 of our audience will not like that. 51 , however well. However will. And now we have the business roundup. We start out with the latest group that russian sanctions are really starting to bite. They are fighting hard. Biting hard. Late last night, they raise the Interest Rate from to 17 from 10. 5 . The bank said it was driven by the need to limit the risk of the evaluation and inflation. Of the evaluation and inflation. A bleak economic picture. The bank of russia raised its key Interest Rate by no less than 6. 5 . This after gradually increasing it from 5. 5 earlier this year. The value of the ruble against the dollar has roughly has roughly been cut in half in the last year. He says that russias exports come from oil and gas. Russian sanctions over ukraine have harmed the economy. Country looks certain to plunge into recession. On the streets of moscow however, most everyone is worried. Not everyone is worried. Collect it is some kind of political game and the economy gets dragged into it. Greg others others may be celebrating their holidays early. But it will be difficult to travel. Package tours will be expensive. Click Russias Central Bank will try to Russias Central Bank has invested 70 billion into the economy in the last year. A hike in the Interest Rate is a doubleedged sword. While it may dissuade investors to keep their money in russia, persuade investors to keep their money in russia, more borrowing could slow things down even further. We are joined by the header via just global inside london. Thank you for joining us on the program. What you make of the latest rate hike from the Russian Central Bank . It is a pretty desperate measure to try to stem the fall in the ruble. The high Interest Rates are supposed to make Global Capital around the world more attractive to come into russia, but as you said, doubleedged. It means high borrowing costs in russia. Weve already seen banks pull back on credit into the economy. We saw the ruble recover yesterdays losses, however the decline seem to have started once again. Why is the Central Banks intervention not calling the market . Calling down the market . Because they realize they are not in control. The old price, which continues to fall, and the ruble falls as well, and they cannot control sentience sanctions, so the central bank is in a bind. It does not want to use anymore rubles to support the currency so it is using Interest Rates instead. We have seen Global Oil Prices nosedive recently. A few weeks ago, opec came out and said they would not cut output. Lets imagine it continues that flight and western sanctions stay put. What is the worstcase scenario for russia . Click the saudis have decided they are quite relaxes the saudis have decided they are quite relaxed about the falling prices. Because russia is being heard. For russia, the second stage of the crisis could be a banking crisis. Because as the ruble falls, it means that currency debt becomes heavier. And if youve got ruble earnings, some banks may fail, and that means the central bank would have to support banks. And if they cant, we might have around the banks in russia. As you said, russia may not be able to control Falling Oil Prices nor western sanctions. What is the Central Banks move likely to be . At think it is difficult. What they will look at is trying to stem the more speculative attempts behind banks incorporates to swap their ruble assets into dollars and euros, which is a second round effect of the falling ruble. They will try to avoid the speculators. Two of her the speculators. They will try to avert the speculators. And only International Trade and preexisting debt service will be allowed. Thank you for joining us. Lets get a quick check of how the european stocks are trading at this hour. Its a mixed picture. The footsie and the dax were green earlier. The cap over and paris cac over in paris is down. The benchmark index is down 5. 5 . We see a little bit of rebound happening