President is arrested and accused of accepting bribes. The hottest year on record as calls heat up for a global deal on Climate Change. People in burundi are voting in a controversial president ial election. One person died in violence leading up to the poll. The elections being boycott by several opposition leading parties. The u. N. , e. U. And African Union have all said they wont recognize the results. They urge the president not to go ahead with the vote, but he refused to back down. These are pictures of him casting a ballot. Theres been months of violence since he announced he was staying for a third therm. Critics say that violates the constitution. Its another great turn in democracy in the country so we allow the burundian people to vote or to choose someone who they believe in, then the leaders are the authorities they trust and also to choose from the many programs that feed them. We have two correspondents monitoring events. Catherine soy is in eastern rwanda where refugee
At the Japanese Corporate giant toshiba forces its Top Executive to step down. And womens Rights Groups in india want a ban on instant divorces. One more hour before polls close in burundi in a controversial president ial election that has seen months of unrest in parts of the country. The incumbent, Pierre Nkurunziza seen here earlier at this polling both. The opposition say they wont recognize the results of the vote. One person was killed in overnight shooting in the capitol. Haru mutasa has this report. Reporter after a night of gunfire and explosions, the dead are being counted on voting day. This man was an opposition member. No one here knows who killed him or why, but its frightening them. We dont sleep all night. We dont sleep. We are here. We see or hear the guns again neighborhoods. We dont know. We have fear. Reporter people say he was killed somewhere else and then dumped here. It is causing a lot of anger here. People are really concerned there could be lines have after t
Vonnie the bloomberg Commodity Index is lower than it was during the hanging meltdown. New york oil is hovering around the 50 per barrel mark which is the lowest its been since april with speculation the Global Oil Glut is not going away. The greek exit from the euro may be back on the table next year. Almost 0. 75 percent of the euro says they will be out of the euro in 2016. The bailout package should be too small. A newspaper and i will his race for the residential nomination. The Des Moines Register calls him names. He commented on immigrants and make comments about john mccain. He has surged into the lead for the republican nomination. A new poll shows he is the favorite of 24 of republicans and those leaning that way. Nike has given Ceo Mark Parker a stock or that is 10 times higher than what usually gets. He has restricted stock with a target of 30 million but he gets it if he stays with nike another five years. The cofounder has endorsed parker to succeed him as chairman next y
New york oil is hovering around. Nokia is close to a deal to sell to a group of german automakers. Bmw would be the buyers. Stephanie the has been a big shakeup at toshiba over and ask accounting scandal. They will will have to restate earnings for six years. We have the story from hong kong. They announced after the closing bell in japan that they will resign. It is alleged top executives sent set unrealistic profits. A number of other executives will also resign. It you Management Team will be released in august. Toshiba has pledged to correct its earnings by 1. 2 billion. The Share Price Rose 6 . Stephanie they make appliances in nuclear reactors. Nike has given their ceo and award that is almost 10 times higher than what he usually gets. He has been awarded restrictive stock with a value of 30 million bucks. Those are whole of sneakers. Phil knight has endorsed him to succeed him as chairman of year when he retires. Erik zach johnson needed a few extra holes to win the british open
German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a