Plus. Im in kuala lumpur where an ancient river is getting a new leash on life. Fears of a slow down in the worlds second biggest economy china are continuing to spook markets across the globe and shares plunged across asia and europe and currency is also falling. Chinas shanghai complex went down 8 wiping out the entire gains for the year and its the biggest oneday fall in years and beijing deployed the billion dollar fund to pump up the market with 400 billion of assets to buy stocks failed to stop the decline, from malaysia to brazil oil and commonty exporting nations have seen their currencies hit multiyear lows and as chinas economy slows its not importing the Raw Materials to power its factories and sent the bloomberg Commodity Index to its lowest level since 1998 and neglect in crude sent Oil Prices Tumbling to 44. 55 a barrel, the lowest since march of 2009 and more from adrian brown in beijing. Reporter the share shell off began within minutes of the Shanghai Stock Exchange op
Fight corruption. Hello, stock markets around the world are sliding following a big sell off across asia and european markets are all now trading in the red, london has fallen below the 6,000 mark wiping more than 46 billion off the value and began in china, the worlds second largest economy and stocks plunging to an eightyear low and adrian brown has more from beijing. Reporter sell off began in minutes of the Stock Exchange opening and at one point it fell 9 and recovering only slightly. Some of chinas Biggest Companies and the worlds biggest are listed here. On monday the government announced a new and risky intervention to try and prop up the market by using billions of dollars from the state pension fund but it failed to stop the slide. Translator how can the markets drop everyday like this . One, two, three, four, five. The market dropped for five days and it never rose back. Reporter many borrowed to buy shares and are now being forced to sell those shares to pay back the loans.
Workers. We meet orphans caught up in the fighting in Eastern Ukraine even though there is supposed to be a ceasefire. Sports story this friday six months ahead of the rio olympics one of the most successful countries kenya could find itself ban from the games. Right now its only an agreement on paper and wont result in a complete ceasefire or an end to russian bombing, following a marathon meeting in germany world powers have settled on what they are calling a cessation of hostilities in syria beginning in a weeks time. One priority is delivering food, medicine and shelter to besieged towns and cities and james base reports from munich. Reporter 19 delegations the sponsors of International Peace efforts in syria gathering in an effort to get things back on track. But the most important meeting happens several hours early on the 15th floor of the same munich hotel, this is where Russian Foreign minister Sergei Fedorov and u. S. Secretary of state john kerry came facetoface. And if you
Monteray jail and new window on the study of the cosmos as einstein is proved right about Gravitational Waves. Hello and we start with renewed efforts to revive the floundering talks in syria in germany ahead of a proposed meeting between the government and rebels later this month, the u. S. Secretary of state john kerry and Sergei Fedorov are hosting the talks in munich, a ceasefire to be on the first of march has been suggested by russia but the u. S. Wants it to begin immediately. Meanwhile on the ground there is continued fighter near syria border with turkey and they captured an air base which was originally controlled by the Syrian Military before it was seized by rebels. Elsewhere nato defense minister meeting in brussels and agreed to sent war ships to the aegean sea to stop mugingly refugees and migrants to europe. More on that in a moment but first to munich and our diplomatic editor james base and is there much cause for optimism . I dont think so at this stage. Certainly th
With people brave enough to hunt these. Inside and outside syria doubts are growing that the pause in fighting agreed on by world powers this week will actually happen. A deal is more likely to fail than succeed. On the ground Government Forces supported by air raids are trying to ensieshgel raids in the largest city of aleppo and captured strategic high ground after forcing opposition fighters out of the small town on the road down into aleppo, they are now in a position to move further towards the city to the next rebelheld town. On friday Government Forces captured the village as they attempt to close the circle around aleppo city and also took another town from the rebels. Government forces have now essentially captured most of the rebel supply routes into aleppo. And zaina has more on the turkeysyria border. Reporter this high ground gives the syrian or my and its allies an advantage. The main rebel supply line to the west to the northern side of aleppo is now under fire. And this