tv BBC News BBC News August 6, 2024 4:00am-4:30am BST
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protesters following deadly unrest. stocks injapan see a strong rebound after economic worries sent indexes plunging worldwide. who will be kamala harris�*s running mate in november's presidential election? we're just hours away from finding out. hello. from welcome to this hour. the army chief in bangladesh has urged calm in an address to the nation. he's been meeting students and political leaders to discuss the formation of an interim government. it follows the resignation of the country's long—serving prime minister. translation: we have decided to form an interim government. all activities of the government will now be operated by the interim government. we will go to the honourable president to discuss the formation of the government �*s through which the country will be run. please
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keep trust in the army and the armed forces. iam keep trust in the army and the armed forces. i am taking all the responsibilities and vowing to protect people's lives in properties. should not lose hope. sheikh hasina fled the country by helicopter on monday after weeks of deadly protests and calls for her to quit. once she did, celebrations broke out on the streets. it's thought she's now in india. hours after her resignation, the president ordered the release of students detained during the protests and called for the release of ms hasina's political rival, 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
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stormed her 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 the south asian nation. i spoke to bangladeshi political scientist and president of the american institute of bangladesh studies ali riaz, and asked him what an interim government could 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 largely the students.
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they have a stake in the formulation of the interim government. the military, which paved the way in some measure of the transition and then the existing political parties. so in the coming days, we will see how this combination and the push and pull between the various actors comes out to be. we just heard in the last few minutes that the army chief in bangladesh is going to meet student protesters some time today to discuss next steps. what do you make of that? it's 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, fled, and also political parties were having political conversations with the chief of army staff and then the president some how the students remained in the margins. they were not consulted.
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now they have been brought in to this conversation. in the meantime, they have also suggested names. two had the interim government. —— to head. 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, daunting challenges in the coming days. we talk about the role of young people in these protests and also that they are meeting the army chief. 75% of the population of bangladesh is under the age of 41. they were demanding forfairerjob quotas. what else do you think they'll be demanding when they meet with the army chief? mostly they will be looking beyond this job issue because particularly when they announce the programme specifically demanding the resignation, they also said they would like to see
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some kind of 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 regime in the coming years or decades. 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 that they are going to discuss and going forward, those things will be underscored in their endeavour going forward. that is their idea, but bangladesh is a country that has long been dominated by accusations of corruption and it's experienced several military coups. free and fair elections have been promised. do you think that is going to be something that will actually happen, and do you think the idea is that the students want can
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be realised given some of the challenges bangladesh has faced historically? it will be difficult, it will be daunting but it is a necessary effort because what this younger population have brought forward is the necessity to have a new system that would not allow this kind of autocratic system. as for the corruption issue, corruption has been endemic and particularly throughout the regime, what 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, the reason is that they will have a short period of time, but they will have to address these issues in earnest. thank you very much for sharing your thoughts. stocks injapan are up around 9% in early trading tuesday,
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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 up 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 the way, down almost 3.7%. it was the first day of trading since friday's weak usjobs report, which 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
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who has been tracking the opening of the japanese markets on tuesday morning. tell us what the reaction has been to this rebound. it tell us what the reaction has been to this rebound.- been to this rebound. it has been to this rebound. it has been quite _ been to this rebound. it has been quite a _ been to this rebound. it has been quite a rollercoaster. been to this rebound. it has i been quite a rollercoaster ride forjapanese investors. as you mentioned, the nikkei 225 up by almost 10%. mentioned, the nikkei 225 up by almost10%. she mentioned, the nikkei 225 up by almost 10%. she yesterday it was the biggest points fall on record and today the nikkei to survivors headed for the biggest daily rally possibly in history. so quite extreme volatility, definitely not for the fainthearted, and you can see quite a lot of sighs of relief among especially retail investors because japan now has more retail investors and ever before, and there was definitely a panic selling among those retail investors. now they are having a much better day today stop what's driving fears in asia and injapan specifically? you talked about concerns over the world's biggest economy, the world's biggest economy, the united states. that
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definitely played a part. for japanese investors, it was a sudden drop in the value of the japanese currency, because last wednesday the bank of japan raised interest rates for the second time this year to 0.25% so it is still, very very low. i don't think anyone expected this kind of market reaction, but that was enough to prop up the value of the japanese yen. as a result, even though that is what the authorities wanted because the yen was seen to be to weaken the authorities have been intervening, trying to top up been intervening, trying to top up the value of the yen, but the value of the yen got almost a bit too strong, especially for those retail investors, thatis for those retail investors, that is when we started seeing shares and exporters starting to get it. also there was a very popular trading strategy, when investors borrow in a country with low interest rates, in this case, japan, and reinvest in a country with higher return, so the japanese yen has been very popularfor
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those investors, because of the rate hike last week, the japanese yen was suddenly unwound in the character i was unwinding and that is why bits of the value of the yen going up of the value of the yen going up even higher than what many analysts had expected. what the impact going forward? you mention the _ impact going forward? you mention the rate _ impact going forward? you mention the rate hike. - impact going forward? you mention the rate hike. it is a i—off or could we see more obvious given what last week? i think it is fair to say that last wednesday when the bank of japan governor spoke, he hinted that there could be more rate hikes to come. i don't think that would happen any time soon given this very extreme reaction that we saw just because of that reasonable rate hike that we had yesterday. yesterday's sell—off was actually dubbed as a family name, so i don't think there will be any more hikes injapan when it comes to the bank of japan. when it comes to the company's performance, the compa ny�*s performance, the fundamentals
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company's performance, the fundamentals are still fairly strong for those japanese companies and the economy has been doing quite well. many analysts were saying yesterday don't sell in panic because this would come back, and today we are definitely seeing that recovery today.— recovery today. mariko oi in singapore — recovery today. mariko oi in singapore today, _ recovery today. mariko oi in singapore today, thank - recovery today. mariko oi in singapore today, thank you | recovery today. mariko oi in i singapore today, thank you for bringing us up—to—date in what has been happening on the asian markets. 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 governor josh shapiro, arizona senator mark kelley and minnesota governor tim waltz. 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 margaret talev, managing editor for politics at axios. what we heard a few hours ago kamala harris's team has still not decided. you think are the key factors now when it comes
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to picking that running mate as she closes in?— she closes in? there are a coule she closes in? there are a counle of _ she closes in? there are a couple of key _ she closes in? there are a couple of key factors. - she closes in? there are a couple of key factors. one she closes in? there are a i couple of key factors. one is who can help are most, another is to any of those finalists have a chance of hurting her, and finally, british cyclic with, it would she want to govern with? we don't know the answer yet, and we will in a matter of hours. an announcement via video as well as her appearing with that candidate as they begin to embark on the seven stator, but we do know, you mention some of the finalists there are, but over the course of the last day or so, over the course of the last day orso, most over the course of the last day or so, most of the conversation speculation has surrounded two of those finalists, pennsylvania's governor and the solar�*s governor. they really present different choices. shapiro is 51—year—old, former
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state attorney general, he is jewish and very popular in his home state of pennsylvania but some concerns he may not get as much support in the midwest, some crucial state like michigan and wisconsin. then there is the minnesota governor, he looks older than 60, his white—haired, very midwestern in demeanour, former high school teacher, form of football coach, a military veteran, former member of congress and he has become a social media staff in recent days by calling the trump advance ticket weird and awkwardly lots of other democrats using the phrase weird but not too as successful effect as he has. that is where most of the focus i sent around. we will find out very soon. ., ., , soon. you mentioned the swing state torah- — soon. you mentioned the swing state torah. our— soon. you mentioned the swing state torah. our crucial- soon. you mentioned the swing state torah. our crucial will. state torah. 0ur crucial will that be in keeping the momentum that be in keeping the momentum that many people say kamala harris has had since she has been the candidate, likely candidate sincejoe biden
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candidate since joe biden decided candidate sincejoe biden decided he wasn't going to run again —— tour. l115 decided he wasn't going to run again -- tour-— decided he wasn't going to run again -- tour. us elections are not national _ again -- tour. us elections are not national popular _ again -- tour. us elections are not national popular vote - not national popular vote elections. we can look at many cases recently in history where the popular vote in the electoral vote were not the same. so the states that count the most other states and can be the most decisive are this handful of battleground states and these are states including pennsylvania, michigan, wisconsin, but also places like arizona, georgia, nevada, maybe even north carolina. when this was a trump widened much, the polling consistently over the course of the last several months showed former president trump with a lead even if it was only sort of with side the margin of error of a few words consistently, sometimes more over president biden, but what we have seen in the days since vice president harris took the batten and in recent days has secured a support to look in
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the nomination, it is a massive change in polling, notjust nationally, but in some of these key battleground states, making perhaps even a state like georgia or north carolina where there is strong shares of african—american voters and huge intensity of support for her right now, putting those states back and play. the problem that she may face is segment they were talking about a moment ago, it really is the economy, the threat of recession for all these months, one of the aspects of life in the united states that really dragged present widened down has been inflation rates. people say the economy but they don't mean the economy, they are not talking about the stock market, they are talking about how much food costs, how much rent costs. the federal reserve, the decisions about borrowing costs and interest rates were meant to try and get inflation under control, but the question is, did this
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independent body way too long? and if the formal of biden now harris at the top of the ticket, without having to defend themselves both against voters proposed frustration about inflation and then voters' fears of recession, those are former president trump's biggest weapons to try to regain momentum after a lot of evidence shows his momentum very much calling since president biden decided not to run for re—election. fik. president biden decided not to run for re-election._ run for re-election. ok. thank ou run for re-election. ok. thank you very _ run for re-election. ok. thank you very much. _ run for re-election. ok. thank you very much, margaret. - run for re-election. ok. thank you very much, margaret. we | you very much, margaret. we will of course have full coverage on that vice president running mate for kamala harris and the announcement when we get it. 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
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a vigil for the three victims, as fiona trott reports. it's what children love to do. so, what better way to remember those three little girls? and it means so much to the family of leanne lucas who was running the class that day and tried to protect them. i think it's amazing. wonderful to see. it puts a smile on my face every day seeing the likes of this every day. just makes you feel so much better. what would you say to people in southport? thank you. i hold my hands up to every one of youse, thank you. it is our warming and so nice to actually see. but as well as thanks, there are feelings of anger at the violence seen on the streets. disgusted. highly disgusted. some of the people that i even knew, some of the people... it is pathetic. you're live with bbc news. american military officials say several us soldiers have been
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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 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 retaliate 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 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. and tonight, secretary of defence lloyd austin spoke with his israeli counterpart yoav gallant to reiterate us support for israel's security and right to defend itself. 0ur correspondent in tel aviv, jenny hill, has more. israel remains in a
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state of high alert. but political and military leaders continuing to insist that this country is ready for any eventuality, trying to reassure citizens that that is the case. benjamin netanyahu is warning that anyone who attacks his country will pay a heavy price. in the meantime, international diplomatic efforts to defuse the situation are continuing. you can roughly divide them into three. the first — attempts to get at iran to temper its planned attack. it's widely assumed that iran is planning a coordinated attack on israel along with some, if not all of its regional proxies. the second prong is to try to mitigate the damage done by such an attack, and that is why you are seeing the us send in extra warships, extra fighter jets to the region. and the third effort is to try to persuade israel to mitigate, to temper its own response to whatever form that attack takes. all of this is happening
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as analysts look on and warn that this is the most perilous moment in the middle east for many years. meanwhile, the united nations says nine of its staff in gaza may have been involved in the attacks on israel on october 7 last year. the announcement follows an internal investigation launched after israel accused 19 employees of unrwa, 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 of the investigation. these allegations were extremely serious. to the extent that when israel first raised them, back in january, saying that it had intelligence to show that it claimed 19 individuals who had either been directly involved in the attacks last october or had offered support to those taking part in the attacks.
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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, that 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 the position of the aid agency, and the work that it does in gaza that is so vitally needed. also on monday, the hamas—run health ministry says the death toll from the war has now reached 39,623 people. it come after an israeli air strike has hit two schools in gaza city housing displaced people. now to the uk.
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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 northwest 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 burnt out on saturday. six people have been arrested in plymouth in southwest england where three police officers have been injured. and in birmingham, britain's second—largest city, there has been trouble from counter—protesters. 0ur uk affairs correspondent daniel sandford reports from rotherham in the north of england, which saw some of the worst of the violence on sunday.
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after the wanton violence of the night before, today, the meticulous work of gathering evidence, collecting fingerprints at the holiday inn express in wath upon dearne, just outside rotherham, so detectives can bring the rioters to justice. last night's disorder here and the six days of violence before led the prime minister to promise that a force of 6,000 riot—trained police officers will be established for the summer, that can be sent anywhere in england and wales. i'm absolutely clear that we will have the officers we need, where we need them to deal with this disorder, and that is why the standing army has been set up, specialist officers ready to be deployed to support communities. rioting started on tuesday in southport at a mosque the day after young girls were killed in the town in a mass stabbing. there was violence outside downing street in london on wednesday. serious disorder on friday
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in sunderland led to burning cars underfire next to the police 0ffice. last night there was rioting at hotels housing asylum seekers in rotherham and tamworth. this is some of the most terrible violence that we have seen for probably more than a decade and we are here to protect communities against that violence. the pressures on senior officers were clear when the head of the metropolitan police pushed a reporter's microphone to the ground in whitehall today. sir mark rolley later apologised. the police's concern is that the violence does not stop here. close to 400 people have been arrested and those who have already been put before the courts have been kept in prison ahead of sentencing. the hope is that it will reduce the number of people prepared to take to the streets and riot. the arrests, including this today in sunderland, are rising by the day as police officers pour through video
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evidence of the disorder. some suspects, including these three who pleaded guilty to violent disorder in sunderland, are already injail. police forces and the government are hoping that at some point the tensions will fizzle out. but these scenes, people in birmingham, some wearing balaclavas coming out in a counter—protest this evening show there's not much of that yet. the swedish pole vaulter armand duplantis has broken his own world record to win gold at the paris 0lympics for a ninth time. he cleared a height of 6 metres 25 before embarking on a celebratory lap of the stadium draped in a swedish flag. 0n the track on day 10, britain's keely hodgkinson won gold in the women's 800 metres. and beatrice chebet of kenya was victorious in the 5,000 metres final. that is it for the moment. hello there. tuesday is going to feel cooler
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and fresher, there'll be some sunshine, could be a few showers as well. on monday, though, the highest temperature of the day was in northeastern 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. it's following on from that that we see the cooler and fresher air moving into the northwest 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. we got a little rain here. it could prove to be a bit hit and miss. that moves through, and then we get some sunshine following. the odd shower coming in over the irish sea, but most of these showers are 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
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cooler and fresher air. the highest temperatures towards the southeast of england, the mid 20s here. but with that weather front out of the way, we still have the low pressure that's getting closer to the northwest. that's strengthening the winds, quite windy for the time of year i think on wednesday. to greet the day, we have got some wet weather in scotland. as that moves through, more showers in scotland and northern ireland, and with that stronger wind, we could blow a few showers further east across england and wales. still looking dry in the southeast 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. now, 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 a lot of uncertainty as to how far north this rain is going to get. now pushing a little further north into the central belt of scotland. northern scotland dry,
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we'll have the headlines for you at the top of the hour, which is straight after this programme. welcome to hardtalk — i'm stephen sackur. hundreds of kenyan police are now patrolling the streets of port—au—prince in the latest international effort to stabilise haiti. it's hard not to be sceptical about the likely impact. 80% of the capital is controlled by armed gangs. five million haitians are experiencing food insecurity. my guest is haiti's interim prime minister, garry conille, tasked with steering his country to free and fair elections within 18 months. is that a definition of mission impossible?
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