Diplomats. Asylum requests still up in the air. Hello there welcome to the program. North koreas regime is committing unspeakable atrocities against its own people. According to a report filed by the u. N, warning he should be held accountable for the widespread torture in the secretive state. Testimonies from deeffectors who survived labor camps. James bays has the latest from geneva. A north korean defect ohsaa weeps as she recounts the hue mill yais her, asked for their identities to be withheld. There have been many investigations into human rights in north korea but never one as comprehensive as this. Getting a clear picture of what goes on in the secretive state where people cope with extreme dep rdid he operativeation, gls execution, systematic rape and abduction of foreigners, many of these count as crimes against humanity, all a part of planned system of political control. North koreas leader, kim jongun, once executed his uncle, and a number of others. Kim just 31 took over f
Pope francis appoints 19 new cardinals and calls on them to shun the rivalries of the previous papacy. And the highlight of the forgotten crisis. Its as simple as a pair of shoes. We start again in ukraine where a day after a peace deal was signed which was supposed to end the political crisis the situation seems even more confused. The police have abandoned the streets of the capitol. The protesters are now guarding government offices including the parliament. And president Viktor Yanukovych has abandoned the capitol of kiev and is thought to be in east of the country. He gave an interview where he said he wont resign and described the coup. This is my assessment. Im deeply convinced. I will Call National observers and all mediators who took part in this political conflict so they can stop. One of the president s staunchest critics may soon be free from jail, and her release is being fast tracked by a vote in parliament. Well be live in kiev in a moment for the latest but first lets t
Its quest to gain acceptance. The exchange goes down. Bankruptcy could follow. Ukraine delays forming a new government until thursday. The currency slumps towards record lows. Investors worry about the conditions of an imf bailout. It could include plans for devaluation. Italys Prime Minister wins his first confidence vote, but by just eight seats. He promises swift action to reform the economy which could including an institutional change. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to cheese day on worldwide exchange. Good to have you back. Nice to be back. A lot has been going on while ive been away. One or two things. The government is in trouble. Yeah. Governments being and the equity markets rally. Still to come, were going to be back in barcelona at the world mobile conference with two big interviews. Well chic to shazam about warner music. Plus, the ceo of viber speaks just weeks after being acquired b
Homeless. President obama is in italy at this hour, and he met earlier with pope francis at the vatican, and now hes meeting with the italian Prime Minister, and the two plan to hold a News Conference shortly. Well bring it to you live. Meanwhile, Mike Viqueira is there. And the president is making news today regarding the nsa. Thats right, the nsa program, you remember back in january, the president proposed changing that metadata collection program, a socalled 215, named after a section of the law that enumerates that the Intelligence Community can collect phone records from virtually every american and keep them for five years, at least thats how the Intelligence Community interpret today. Obviously a lot of people disagree. With the controversy around Edward Snowden last year, the president finally in june making that speech, and the department of justice promising to look at it and today announcing his findings, hes going to end the metadata collection of phone records, and hes go
British oil services of amec offer to buy another company. Youre watching Worldwide Exchange bringing you Business News from around the globe. All right. Now on monday morning, 64 as far as european equities are concerned. We are up by just. 01 . If you remember back on friday, they are holding the rally we are seeing in the european indices, but as of trading this morning well take a look at this this morning. Look at the ftse 100 up. 01 . Same for the cac 40. Well look at the sectors because it really is the banks in focus this morning up over 1 this morning. European banks among the biggest winners after regulators agreed on sunday to relax new rules to improve leverage ratios. This is a relief for the global vendors who fear raising billions in extra capital. The new standards being drafted by the bars of committee, of course, tossing the chance to reduce debt. They hope to allow that to push out lending with the economy. We can hope. Lets have a look at the bond markets this morni