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tv   BBC News  BBC News  August 6, 2024 3:00am-3:31am BST

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stocks injapan see a strong rebound after economic worries sent indexes plunging worldwide. who will be kamala harris�*s running mate for november's presidential election? we're just hours away from finding out. students in bangladesh, who spearheaded protests which led to the resignation of the country's long serving prime minister sheikh hasina, are to meet the head of the army, to discuss plans for the creation of an interim government. celebrations broke out on monday in the streets after ms hasina fled the country by helicopter. it's thought she's now in india. hours after her resignation, the president ordered the release of students detained during the protests and for the release of ms hasina's politcal rival,
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former prime minister khaleda zia, who'd been injail. sheikh hasina had been in office for 15 years — part of a political dynasty in bangladesh, the daughter of the country's first president sheikh mujibur rahman — who was assassinated. she was re—elected for a fourth term earlier this year, in a vote considered a sham, after the opposition boycotted the poll. as news of her departure filtered through — thousands of protesters stormed sheikh hasina's official residence. remarkable scenes showed people looting her personal items — and ransacking the property — even entering her bedroom in the usually fortified building— as security forces watched on. more than 300 protesters have died during weeks of anti—government protests, which began after students demanded the end to a civil service jobs quota which favoured relatives of those who'd fought in the country's war of independence. many who've been protesting for years have raised concerns about human rights in
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the south asian nation. i spoke to bangladeshi political scientist and president of the american institute of bangladesh studies, ali riaz. what do you think that will look like? at this point it seems to be very unclear as to what will be the composition of the interim government and who will lead it. because there are several actors who came together through this mass upsurge. it was spearheaded by the younger population and who have a stake in the formulation of the interim government. the military which paved the way in some measure for the transition and existing political parties. so in the coming days we will see how these combination between these various actors comes out to be. we just heard on the last few minutes that the army chief in bangladesh is going to meet student protesters sometime
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today to discuss next steps. what do you make of that? it is a good sign that the army chief is talking to the students because initially throughout the whole day as the former prime minister left bangladesh and political parties were having conversation with the chief of army staff and then the president some how the students remained in the margins. they were not consulted. now they have been brought into the conversation. in the meantime they have also suggested names. we will see how the conversation plays out as well as how the president political parties come together to formulate a workable interim government because it is going to face enormous and daunting challenges in the coming weeks. we talk about the role of young people in these protests
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and also that they are meeting the army chief. 75% of the population of bangladesh is under the age of 41. they were demanding fairerjob quotas. what else do you think they will demand when they meet with the army chief? mostly they will be looking beyond the job issue because particularly when they announce the programme specifically demanding the resignation they also said they would like to see reform in the political system. they call it a new political settlement. they want to ensure that there is no possibility of a resurgence of any kind of autocratic leader in years or decades to come. so there are other political issues, and they have political vision — on how to reform the state and reform the government and particularly the constitution. so those are the issues
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they will discuss and going forward those things will be underscored as a go forward. that is their idea but bangladesh is a country that has long been dominated by accusations of corruption and experienced several military coups. free and fair elections have been promised. do you think that is something that will actually happen and you think the idea is that the students want can be realised given some of the challenges bangladesh has historically faced? it will be difficult, it will be daunting but it is a necessary effort because what the younger population have brought forward is the necessity to have a new system that will not allow this kind of autocratic system. as for the corruption issue, corruption has been endemic
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and particularly throughout the regime is that we have seen it become institutionalised and in this manner she could provide support to her cronies. these are the issues that will come to haunt the next government and the reason is that they will have a short period of time to address these issues in earnest. thank you for sharing your thoughts. stocks injapan are up around 8% in early trading tuesday, a strong rebound after the country's nikkei index plunged more than 12% monday — its biggest drop since 1987. us stock markets also took a beating, suffering some of their worst losses in two years. it all comes amid global concerns of a possible recession in the world's largest economy. this is where things finished in the us on monday. the s&p 500 fell more than 3%. the dow dropping more than 1,000 points or about 2.7%. and the tech—heavy nasdaq led
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the way, down almost 3.7%. it was the first day of trading since friday's weak us jobs report — that showed slower—than—expected hiring. some analysts fear an unexpected slowdown in the us economy — and believe the us federal reserve will now have no choice but to cut interest rates. that's something the central bank has resisted so far — bucking the trend of central banks in most other major economies. joining me live from singapore is the bbc�*s mariko 0i, who is tracking the opening of the japanese markets on tuesday morning. it looks like it is a better morning in terms of the markets there. what is the reaction and feeling about that? absolutely. it is definitely _ feeling about that? absolutely. it is definitely a _ feeling about that? absolutely. it is definitely a much - feeling about that? absolutely. it is definitely a much better. it is definitely a much better day. what a rollercoaster ride it has been forjapanese investors. shares recovering
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strongly, notjust injapan but in other markets such as korea and taiwan as well where we saw and taiwan as well where we saw a shop fall yesterday. the japanese market was up by more than 10% at one point after the 12.4% fall yesterday. yesterday was the biggest points fall in history and today we are headed for, possibly, the biggest daily gains of extreme volatility and definitely not for the fainthearted.- for the fainthearted. what about other _ for the fainthearted. what about other markets - for the fainthearted. what about other markets in . for the fainthearted. what i about other markets in asia? for the fainthearted. what - about other markets in asia? i have been reading that some others have also been volatile. as you mention, thejob starter, the weakjobs data from the united states on friday kind of triggered the initial sell—off for the japanese market there was another reason which was that rate hike last week when the bank ofjapan, the rate hike last week when the bank of japan, the country's central bank hiked the cost of
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buying to 0.25%, still very low but that was enough to trigger a suddenjump in the but that was enough to trigger a sudden jump in the value of japanese currency, the end. japanese currency, the end. japanese authorities have been wanting this kind of things for many years, many months, rather, because the weakness in the japanese yen has been a bit too extreme and while it is good news for exporters it makes the cost of imports for things like food and fuel more expensive so the japanese authorities have been intervening in the currency market spending $100 billion, not million, since the end of april to try and prop up the value of the japanese currency. then came the rate hike last week and suddenly the yen was rallying and that is why shares in exporters have been hit badly yesterday and it also had a knock—on effect on asian markets as well. a knock-on effect on asian markets as well.— a knock-on effect on asian markets as well. what about knock-on — markets as well. what about knock-on effects _ markets as well. what about knock-on effects for - markets as well. what about knock-on effects for other i knock—on effects for other places in the world particularly where i speak from, the united states. what analysts there say about that?
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you mentioned the main indices in the united states fall into—li% overnight and that was all the other reasons you mentioned as well, the job starter and also analysts saying that the rate cut was too late, that the fed waited too late, that the fed waited too long to cut the cost of borrowing in the united states. also the bank of japan's rate hike that had an effect as well because there is a very popular trading strategy where investors borrow money in a country with low interest rates, in this case japan, and then reinvest in another currency for high return and as you can imagine the japanese yen has been very popular but because of the rate hike last week the unwinding of that carry trade has been happening which is why the yen has strengthened so sharply. i must say that many analysts have said that the economy is actually quite strong.
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fundamentals are still looking 0k fundamentals are still looking ok if you look at the company's earnings injapan and the us jobs market it has been booming for many months and some kind of correction was found bound to happen. stock markets have also been doing extremely well so this correction was somewhat expected although the fall in japan was definitely much bigger than anyone had anticipated.— bigger than anyone had anticiated. . ~ , ., , anticipated. thank you very much for — anticipated. thank you very much for bringing - anticipated. thank you very much for bringing us - anticipated. thank you very much for bringing us up - anticipated. thank you very much for bringing us up to | anticipated. thank you very - much for bringing us up to date on those developments on the markets in asia. we're nowjust hours away from learning who kamala harris is going to pick as her running mate for november's election. the vice president spent the weekend interviewing several contenders at her home in washington dc. among those who travelled to speak with her were pennsylvania governorjosh shapiro, arizona senator mark kelly and minnesota governor tim walz. 0nce ms harris announces her pick, the pair are expected to depart on a whirlwind five—day tour through seven cities in key battleground states. joining me live is washington post white house reporter tyler page.
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welcome to the programme. we know from the campaign that she has yet to make a decision. the time is running out. what you see as the main consideration for her now as we get closer to that announcement? for her now as we get closer to thatannouncement? inaudible. that announcement? inaudible. 0k. thatannouncement? inaudible. 0k. apologies, we seem to have some issues at the moment with the sound there and we will try to return to him when we get the communications back with him. around the world and across the uk. this is bbc news. let's look at some other stories making news. all children apart from one have been discharged from hospital a week on from the southport attack. it comes as hundreds attend a vigil for the three victims, as fiona trott reports.
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it is what children love to do. so what better way to remember those three little girls? it means so much to the family of leanne lucas who was running the class that day and tried to protect them. i the class that day and tried to protect them.— protect them. i think it is amazing- _ protect them. i think it is amazing. wonderful- protect them. i think it is amazing. wonderful to i protect them. i think it is i amazing. wonderful to see. protect them. i think it is - amazing. wonderful to see. it puts a smile on my face every day seeing the likes of this every day. you feel so much better. ~ ., ., every day. you feel so much better. ., ., ., better. what would you say to eo - le better. what would you say to peeple in _ better. what would you say to people in southport? - better. what would you say to people in southport? thanki better. what would you say to i people in southport? thank you. thank yom _ people in southport? thank you. thank yom i _ people in southport? thank you. thank you. i hold _ people in southport? thank you. thank you. i hold my _ people in southport? thank you. thank you. i hold my hands - people in southport? thank you. thank you. i hold my hands up i thank you. i hold my hands up to everyone of you, thank you. it is our warming and so nice to actually see.— it is our warming and so nice to actually see. but as well as thins to actually see. but as well as things there _ to actually see. but as well as things there are _ to actually see. but as well as things there are feelings - to actually see. but as well as things there are feelings of i things there are feelings of anger at the violence seen on the streets.— anger at the violence seen on the streets. disgusted. highly disgusted- _ the streets. disgusted. highly disgusted. some _ the streets. disgusted. highly disgusted. some of _ the streets. disgusted. highly disgusted. some of the - the streets. disgusted. highly| disgusted. some of the people who i even knew, some of the people... . it is upsetting. you're live with bbc news.
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we're nowjust hours away from learning who kamala harris is going to pick as her running mate for november's election. joining me live is washington post white house reporter tyler page. we are running out of time. she set herself a deadline of tuesday to tell people who her pic will be. we heard from the campaign and they have still not settled on anyone. what do you think the final considerations they are making? there are a few considerations that have been weighed up over the course of several weeks since she became the nominee and started this process of vetting potential running mates. among the key considerations here are elect ability, whether or not one of these candidates helps or hurts her ability to win a battleground state. another one is chemistry. she wants a working relationship with her vice president. if she is elected she will spend a lot of time in key moments in the
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situation moment —— room making decisions and presidents often rely on vice presidents of the council. two big things now is elect ability and chemistry. we heard from a former adviser to hillary clinton saying that chemistry was more important than electoral tactics. what do you make of that? if than electoral tactics. what do you make of that?— you make of that? if we look over the _ you make of that? if we look over the course _ you make of that? if we look over the course of _ you make of that? if we look over the course of american | over the course of american history and presidential elections at least in modern times it is pretty clear that the vice presidential pic does not have a significant impact on the overall race on the day americans are voting for the president and the person who sits behind the resolute desk. there are considerations but in this case werejoe biden stepped aside to endorse his vice president to take over the ticket. there are examples throughout american history whether the vice president once they win the election but
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ultimately most americans feel that pic is not that significant.- that pic is not that siunificant. �* , that pic is not that siunificant. �* ., ., significant. and based on all ofthat significant. and based on all of that that _ significant. and based on all of that that you _ significant. and based on all of that that you have - significant. and based on all of that that you have said i of that that you have said then. it seems to be little down —— whittled down to a shortlist of three. if you had to put your money on one who would you pick? i to put your money on one who would you pick?— to put your money on one who would you pick? i am not going to net would you pick? i am not going to get into _ would you pick? i am not going to get into political _ to get into political predictions here because they often turn out to be incorrect. it is pretty clear that there is an upper echelon of this group of six that has been fully vetted. josh shapiro, the pennsylvania governor, mark kelly from arizona and tim walz. there isjockeying within the democratic party. the left—wing has become excited about the governor from minnesota, tim walz. lum labour groups have raised concern about mark kelly and other groups could bolster harris on foreign policy and immigration. josh shapiro has support among modern democrats. although he
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has angered some. there is a lot to harris to consider as she makes this decision and unveils it tomorrow. find she makes this decision and unveils it tomorrow. and how will she unveil— unveils it tomorrow. and how will she unveil it? _ unveils it tomorrow. and how will she unveil it? do - unveils it tomorrow. and how will she unveil it? do we - unveils it tomorrow. and howl will she unveil it? do we know anymore about format that will take? ~ , . ., , ., anymore about format that will take? , . ., , ., ., , take? we expected to be a heavy social media _ take? we expected to be a heavy social media push _ take? we expected to be a heavy social media push with _ take? we expected to be a heavy social media push with a - take? we expected to be a heavy social media push with a video i social media push with a video perhaps and there has been a lot of solicitations to democratic supporters and potential donors to sign up to be the first to know who she picks. joe biden announced his picks. joe biden announced his pick with a text message so we could see that. the campaign are still working through the various elements but there will be multiple things across social media and texting supporters to let them know and then of course there is a rally later in philadelphia where harris and her running mate will appear. harris and her running mate will appear-— harris and her running mate will appear. and that kicks off a swin: will appear. and that kicks off a swing state _ will appear. and that kicks off a swing state tour. _ will appear. and that kicks off a swing state tour. what i will appear. and that kicks off a swing state tour. what you | a swing state tour. what you make of the places they have picked? make of the places they have icked? . ., , , picked? predictable places. some steps _ picked? predictable places. some stops may _ picked? predictable places. some stops may get - picked? predictable places. i some stops may get postponed due to extreme weather coming in to the south—east region of
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the united states but it is a barnstorming tour and these other states that will decide who wins the presidential election so it is no surprise that they would want not only the vice president to get out there and meet voters but also to introduce the running mate. these individuals have grown and all of them are not super well—known on a national level so this tour will be an opportunity for them to get directly in the face of voters who determine who wins the presidential election in november.— presidential election in november. ., ., november. thank you for taking us through _ november. thank you for taking us through the _ november. thank you for taking us through the steps _ november. thank you for taking us through the steps and, i november. thank you for taking us through the steps and, of. us through the steps and, of course, we expect that announcement to come in the coming hours and we will have full coverage here on bbc news and there will be plenty of analysis on the bbc news website so make sure you stay across it. american military officials say several us soldiers have been wounded in an attack on an air base in iraq. suspected rockets were fired at the al asad facility in the west of the country. last week the us said it
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carried out a strike in iraq against militants who posed a threat to coalition forces. tension is high in the middle east after last week's killings of the hamas political leader in tehran and a senior hezbollah commander in lebanon. iran has vowed to retalitate against israel, prompting the us to send more aircraft and warships to the region. us presidentjoe biden says he and the vice president were briefed on the developments in the region — posting this image on x of a meeting in the situation room at the white house where they received updates on the threats posed by iran and its proxies. meanwhile the united nations says nine of its staff in gaza may have bene involved in the attacks on israel on october 7 last year. the announcement follows an internal investigation launched after israel accused nineteen employees of unwra which is the un's aid agency in gaza of taking part in or assisting with the hamas—led assault. 0ur north america correspondent john sudworth explains the significance
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of the investigation these allegations were extremely serious. to the extent that when israel first raised them, back injanuary, saying it had intelligence to show what it claimed were 19 individuals who had either been directly involved in the attacks last october or had offered support to those taking part in the attacks. a number of countries withdrew funding for unrwa, pending more information. the united states is continuing to withhold funding from unrwa. you would have to assume that this news today, this investigation has been completed, and that the un's own internal investigation officers found that there was sufficient evidence against nine of those 19 individuals to suggest that they may have taken part will, you know, not help
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the position of the aid agency, and the work that it does in gaza in the last few moments we have a statement from the pentagon here in washington, dc saying that the secretary of defence has spoken with his israeli counterpart to reiterate unwavering us commitment to israel's security in the face of threats from iran, hezbollah and other iran aligned militia groups. the statement goes on to say that secretary austin and the minister agreed that today's attack on forces marked a dangerous escalation and demonstrated lahri's destabilising role in the region. secretary austin provided an update on measures
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to strengthen the us military posture in the region in light of this escalating situation. the latest there on that. monday saw another day of disorder in towns and cities in parts of the uk, as the head of the national police chiefs council says the spate of unrest is the worst he's seen in more than a decade. around 400 people have been arrested since the violence first erupted last week. the prime minister, sir keir starmer, says thousands of specialist police officers will be available to deploy over the summer if the unrest continues. it began after the fatal stabbings of three girls in southport, near liverpool in north—west england. it followed posts on social media which wrongly blamed the stabbings on a muslim migrant. the riots have spread across england and northern ireland. in the last few hours rocks have been thrown at police in south belfast, in an area where a supermarket was burned out on saturday. six people have been arrested in plymouth in south—west england where three police officers have been injured. and in birmingham, britain's second largest city,
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there has been trouble from counter—protestors. 0ur correspondent, phil mackie, is there. there was speculation that there was a plan for right protest through that area this evening that turned out to be false information but nonetheless hundreds of people turned up. any wearing masks and some carrying weapons. it was a largely peaceful demonstration when i was there for several hours but then a group of mast youths began behaving with low—level criminal behaviour, reckless driving and such behaviour. a group of them have attacked cars and a pub elsewhere in the city. i came off the phone to the police and they say they are investigating several cases of criminal damage, one of the and one of carrying an offensive weapon and the mp for the area has posted on x saying that people in yardley are scared tonight. they have directed police all locations of violence they are hearing
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about and any acts of violence will not be tolerated. the good news is that police say that group of young muslim mast youths is now dispersed and it seems that things are beginning to calm down. a usjudge has ruled that google is a monopolist, at least when it comes to its popular search engine. the long—awaited ruling is a big win for the government, as it tries to rein in the power of big tech. but it doesn't mean you're going to see any changes to your internet browswer. at least not yet. 0ur north america business correspondent michelle fleury explains. google just lost a high—sta kes battle with the us government. a federaljudge ruled the payments made to the likes of apple and samsung to make google search the default option on their smart phones and web browsers violated us anti—trust law. in its 277 page ruling, thejudge in washington wrote that google is a monopolist and it has acted as one to maintain its monopoly. concluding that the money it had spent effectively blocked rivals from succeeding in the market. it represents a major setback for google and its owner, alphabet which plans
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to appeal the decision. a spokesman for the company told the bbc that this decision recognises that google offers the best search engine but concludes that we should not be allowed to make it easily available. for now the ruling as a vindication for the anti—trust regulations in america. the justice which filed the case nearly three years ago when donald trump was president hailed the outcome is a historic win and said it would continue to vigorously enforce anti—trust laws, no doubt sparking fear in the corporate offices of some of the big tech giants. it is not yet clear what this will mean for the future of google's business. the decision is only about liability, not about a remedy. hello there. tuesday is going to feel cooler and fresher, some sunshine, could be a few showers as well. on monday, though, the highest temperature of the day
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was in north—eastern scotland. temperatures in the moray firth got up to 27 degrees. that was in this warm and humid air ahead of this weather front here, which is bringing some rain in from the west. following on from that, we see the cooler and fresher air moving into the north—west of the uk. the rain on that weather front increasingly light and patchy, but quite a change coming into northern ireland. temperatures some ten degrees lower than at the same time on monday morning. a more comfortable night for sleeping. quite muggy, though, across the midlands and eastern england. a little rain here, could prove to be a bit hit and miss. that moves through, then we get some sunshine following. the odd shower coming in over the irish sea, but most of these showers getting blown into northern ireland and western scotland. a bit drier in eastern scotland, but we're not going to see the high temperatures we had on monday in that cooler and fresher air. the highest temperatures towards the south—east of england, the mid 20s here.
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but with that weather front out of the way, we still have the low pressure getting closer to the north—west. that's strengthening the winds, quite windy for the time of year on wednesday. to greet the day, we have some wet weather in scotland. as that moves through, more showers in scotland and northern ireland — with that stronger wind, we could blow a few showers further east across england and wales. still looking dry in the south—east of england, but temperatures even here will be lower on wednesday. 18—22 celsius is a little below the average for this time of year. the area of low pressure to the north of scotland does finally move away by thursday, but it allows these weather fronts to come in from the atlantic. we will find the cloud thickening and increasing during the day on thursday, some rain and drizzle setting in. still uncertainty as to how far north the rain is going to get. now pushing a little further north into the central belt of scotland. northern scotland dry, and we may not get much rain towards the south—east of england, with temperatures into the low 20s.
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but we're not going to see a return of the heat. that's because the position of the jet stream is rushing right the way across the uk, so we are more likely to have some rain from time to time.
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this is bbc news. we will have the headlines after this program. this week, we explore the tech powering the olympic games. alasdair examines the engineering behind an elite—level swimming suit. we talk adaptive bikes with a former champion mountain biker. the main, main thing, is the articulation. another rock comes, so you canjust move it and it adjusts by itself. and then there's laura, who's doing... ..i don't know what. i meet the team gb athlete doing real and virtual gymnastics.
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i'm going to do a somersault in this new technology.

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