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tv   News  Al Jazeera  July 8, 2015 2:00pm-3:01pm EDT

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onile-ere. the news continues next live from london. >> this is the al jazeera news hour. i'm david foster. good to have you with us. let's look at what the next 60 minutes. chaotic from the world markets as chinese stops tradeing and new york suspended trading because of technical problems. >> bosnia remembers as russia
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vetoes the resolution recognizing the massacre as genocide. destroying 18,000 homes a year on, and not one has been rebuilt. >> i'm lee wellington the ashes cricket gets under way the big match against federer. >> it is not over yet but so far it has been a day of turbulence on the world's stock market. uncertainty is one thing that they hate. more on that in a moment trading on the new york stock exchange has been suspended for the last two to three hours. let's go to tom ackerman, who is
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monitoring this for us in washington, d.c. they insist this is not a cyberattack, correct? they all say this was not the result of a attack. when asked about it a little while ago this, was how they responded. >> the technical issues that are being experienced by the new york stock exchange, they said they'd that no malicious actors were involved.
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the officials at the stock exchange are working feverishly as you would expect to try to resolve the situation. >> there may be conspiracy theorists who say this could not be coincidence. >> well, people are looking at the coincidence apparently that united airlines, the largest airline in the world and is head quartered in chicago that it was grounded all of planes were grounded because of what the company described as a computer glitch. that has now been cleared up. at the same time the website of the wall street journal also for some reason has been down as well. i have to make clear that this computer glitch there are other
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platforms by which you can trade including one that is owned partly by the new york stock exchange. and ms. nasdaq that deal with technical stocks. those have been operating normally. it's estimated that 20% to 25% of all trading activity on the u.s. exchanges amounts to hundreds of thousands of shares, and the crunch will come and the understanding is that it is not automated so this could an complicateed and serious complex for the ex changes. >> we'll leave it there for now. tom ackerman from washington, d.c. now china's government said that
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it is doing everything it can to contain a risk on its stock market there closing down by close to 6% there were dramatic losses. the sell off spread to japan. stocks have their greatest fall there in more than a year. and china's market has lost a total of, wait for this, three and a quarter trillion dollars. that's more than the size much france's entire stock market. the loss is driven in part by fears of china's economic growth. so the country has ordered sell offs scott haidler has more from
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beijing. >> the markets in china closed down again the change high sell off of $3.2 trillion. something else we see continuing on wednesday more companies are taking their stocks off the market. the total number now is 1400. a few more hundred were taken off the market. they say that state controlled enterprises that are traded openly on the market they will continue to be traded. they'll continue to trade on these markets. now the central government has been called what has been happening a panic panic and irrational sell off. we will keep an eye on the state of play when those markets
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reopen. those concerns are going to be high on the agenda. vladimir putin and xi jinping meeting. they have assured that the unity between the two countries will overcome any economics. >> alexis tsipras spoke after the e.u. leaders set a deadline for greece to come up with far-reaching reform proposals. al jazeera's jonah hull has the latest. >> after the brink manship prime minister' licks citizen tsipras made his case. >> today we come with a strong
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mandate from the greek people and we're determined not to clash with europe but to tackle head on with the establishment in our country and change the mindsets, which have taken us and the eurozone down. >> the grandstanding is unlikely to impress the e.u. leaders only to discover that the greeks would not provide new reform poems until thursday. >> until now i have avoided talking about deadlines but i have to say that the final deadline ends this week. >> the view is that we're in for the final countdown. but a long way from brussels are places like this, a charity in central athens for those who really have nothing left, that may mean that life is about to get marginally better or much much worse.
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the organization more often found in war zones it has its own clinics for sick and poor. this man has not had a job for two years with no income or pension or medical insurance but he does have a medical condition. >> if i didn't have this i would jump off the acropolis. >> how does a charity survive when the givers can no longer fared to give. >> we're very afraid. they won't have access to money. they won't have food items to bring. it will collapse. >> whether a deal is struck to
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save greece and it's place in the eurozone will depend largely on german leadership and german money. >> i'm sure they know very well that the people are very bad. i'm sure they know. and many german journalists have visited the place and i'm sure they're going to try their best. >> bus in brussels and berlin, as in life, there are few guarantees. jonah hull athens. >> we're off to italy where barbara serra is waiting. she has been talking with the eurozone leaders. tell us what you found out today. >> i've been interviewing the prime minister renzi. he's on his way back from attending the eurozone meeting.
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they're owed just under $40 billion. that's but the risk here isn't really one of economic contagion but political contagion. far left and far right anti-euro parties who now say they want a referendum on. renzi saying it was about restructuring in greece redevelopment, and making the economy grow. he said it would be very difficult to explain to the people of italy spain and portugal, who have to go through austerity themselves, that the greeks could effectively not have to go through the same things. they concede in a the greek government was pushed in the current situation.
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>> it will push the greek government because it's impossible to force and give the message to the greek people. so this is the question. the most important challenge today is to come back. >> one of the other main issues that prime minister renzi has been dealing with, and that i asked him about was immigration. obviously in the past year and certainly past few months we've seen thousands of migrants trying to make their way into europe. we've had hundreds of deaths just a few months ago when the
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search and ask you had been stopped temporarily. now it's about up under another name. that the original rescue mission operation, and mr. renzi in the past has been angry with other e.u. leaders saying there was not enough of redistribution of migrants. migrants arriving in italy asking for asylum here but then effectively accusing northern european countries of washing their hands of these migrants and said if this is europe, they can keep it he always reiterated that it was the moral duty of everyone to rescue all these migrants who may get into trouble and risk their lives across the mediterranean. >> in italy we if they stay in the sea i will try to save.
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i'm not a number. i'm a human being. and italy has centuries of civil civilization, i won't refuse centuries of civilization. >> matteo renzi is back in rome but he'll be heading out for another summit. he said he would prefer to see greece in the eurozone but kept reiterateing that what europe needs is change to adapt better to the future. >> thank you. let's try to pull this together with linda from oxford
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university economics professor. we're talking about economies here. what is your view? >> i think they're basically caught between a rock and a hard place. greece has had six years of recession and does not feel they can do much more. but the proposal that prime minister alexis tsipras put forward they're trying to get interim financing. they don't want to contemplate what happens if a non-reversible controversial currency unknown. how well can greece manager to grow if it does not share enough of the economic conditions in
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order to show currency. >> what is happening in china? should the rest of the world be concerned or is it a domestic matter. >> what will happen the chinese--i don't want to call it a casino, but it's described as a rollercoaster type of stock market because chinese savings are trapped in the country for the most part. but foreigners can't buy into that market so it's not linked. but if a huge hit in wealth and confidence happens that will effect them. >> this could have been factored in and you talk about the middle class being badly hit because they see their wealth disappear but, in fact, they've
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seen their wealth increase hugely over the past 15 months. so this is what they call a correction. >> where you look at where the stock market has gone it's risen 80% and still up on this year even with the current slump. and stocks comprise 15% of household assets in china. it could be rather contained. however, this is the big but chinese government is worried enough that they're implementing extraordinary measures. they've now prohibited directors from selling shares for six months. brokerages have pledged to buy shares. these are all very management-type of measures coming from the chinese government because they don't want to contemplate what might happen if the market lowers further. >> they don't want to interview as much as it used to. let's go to the united states now and global economic travels.
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trading has been suspended but they say there is a computer glitch but not a cyberattack. >> the american systems are much more driven by algorithms. glitches have caused dramatic declines, for instance, in stock prices in the past. until we know more i wouldn't draw further conclusions from it but i would say any time you see an extraordinary thing like halt in trading you always have to set up and take notice. this is not china where 70% of the companies right now have just suspended their own shares from trading because they don't want to see further declines. that's not how a market economy would do it, we should take note but we shouldn't worry yet. >> you're very kind. thank y. thank you for coming in to help us with that.
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stay with us. this is the news hour. we have this coming up could there be a truce at last with? houthi rebels may be close to truce. and it has been quarterfinals day in wimbledon. >> the majority of the security council seated in favor of the u.k.'s proposal to define the bosnian massacre as genocide.
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>> the draft submitted by the united kingdom turned out to be politically motivated. it contain distortions where the blame is based on one people. >> in the killing more than 8,000 bosnian men and boys were murdered. thousands of people in bosnia have been marching of those killed in 1995. this is what they say is a three-day peace march retracing the route taken by those who tried to escape the advancing in the bosnian-serban war.
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what you did you think. >> i think they they failed. i'm deeply disappointed in the outcome of today's meeting. a year ago the security council adapted a similar resolution of genocide by consensus. today on the same issue we have this. we have no resolution. >> this is not the entire security council the entire united nations letting bosnia down again. this is one country russia, using its power which it has had, to say that they're backing
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it. >> there have been no reconciliation to my country. on the contrary, if you don't have historical truth and recognize historical truth and justice, you don't have--that is never peace and security. i'm sure that the victims in victim, the mothers, daughters, sisters, the adoption of this resolution we cannot return back their sons, their fathers. we cannot return back their youth. but what we can--what this resolution could do for them is
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to say what was really happened. we're grateful to u.k. because they speak on behalf of this people who survived and have families, and these people who is not with us any more. unfortunately, we have the situation security council that finished--no one want to say it was the nation. it was the resolution. it was not in the name of any country. guilt is not collective and national. it is individual. we call for that. and that is who was founded by the united nations said that certain persons admitted genocide. and that was the problem when i
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said that they failed in the sense that it's not good for security council. it is not good for this organization. it is not good for us. if you don't recognize and respect the judgment and what one court founded by the same body once said it means that we have really failed. >> isn't it more important in the long run that those responsible for at least those who do find those who are responsible are brought to justice in a criminal court as has been happening rather than simply the court of public opinion? >> of course that is very important because we send a message of impunity. i think people thought they would never be there. and that is more important.
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i could not say what is more important by that, but that it is crucial. that they're in the court. and that we don't have final judgment. that it is very important. and that we have final judgment. in some cases we didn't have it. >> ambassador, thank you. thank you for joining us on this news hour. appreciate it. >> well, there are signs, small signs of a truss between yemen's government and houthi rebels after more than three months of conflict there. yemen told the u.n. that it agrees that that a truce could be implemented in the coming days.
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it has bombed houthi targets after the coup by the rebel houthis. an iraqi court sentenced 24 people to death in the murder of hundreds of mainly shia soldiers last year. as many as 1700 soldiers were killed by fighters from the islamic state in iraq and the levant as they carried out their push in northern iraq and they would fling from a military base north of tikrit. iraq has managed to recover hundreds of ancient artifacts that were looted in 2003. they include a 3,000-year-old syrian statue similar to the ones destroyed by isil.
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>> iraq's foreign minister viewed dozens of pieces after being looted from iraq in 2003. many of the sites they came from are now under isil control which there is not much that iraq can do about the looting and destruction. >> two years ago we were just fighting smugglers. now we're fighting against armed groups that are strong, well equipped and well funded. >> iraq is trying to recover antiquities through legal means. some pieces stolen in 2003 when the iraq museum was looted are still missing and might never be found. others are still the subject of legal claims. these are the most important peace in this collection. winged beings, the syrians believed protected their palaces. it showed up for sale in 2008.
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iraqi officials are not sure which site it was looted from or win. because they don't know they've been looted until they turn up at action. some are not authentic. some are neighbors designed to fool buyers. others were not stolen but borrowed including tablets lent to an u.s. museum in the 1950s. iraq wants everything back. >> this is our history, and it should remain here. >> this is an tire tea set and silver looted from one of saddam hussein's palaces. others items were from a baghdad
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museum built with gifts. iraqi officials pledge to build new knew seems. so much has been lost here. they want to hang onto the heritage that they have. >> coming up on the news hour there is hope for nigeria's kidnapped school girls. boko haram putting forward the idea of a prisoner swap. the pope gets political as he speaks out against car and environmental damage. and cheering on the champion big numbers for the women's world cup winners.
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>> good to have you with us on the news hour. these are the global headlines. more trading on the new york stock exchange has been suspended. they said this is not a cyber breach. china's markets have lost $3.25 trillion since the middle of june. there are worries about china's economic slow down. and russia has vetoed a security resolution which would have condemned the 1995 massacre
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during the bosnian war as genocide. more than thousand palestinians were killed. nothing the israeli victims 66 soldiers and five civilians were killed. the u.n. said 18,000 homes in gaza were destroyed and many more damage: it will cost $8 billion to rebuild not a single home has been replaced. >> this is the united nations relief work agency.
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you've just said that you do now have funds and the capability to start rebuilding. but on a tiny scale. why so small? >> well, first of all because they have not come up with the funds needed. >> the problems have been israeli's blood said because we're not--israeli's blockade, and there is not enough cooperation between the palestinian parties. frankly what we're seeing a year on is stores of universal gaza
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was always going to be a challenge. we have failed effectively the people of gaza. >> you've got about 140 million you say times are tight for these countries, but on the other hand they made these promises and they just haven't followed up when it comes to giving up the money. >> more over when you look at what is happening in the rest of the region, the rising tide of extremism does anyone in their right mind think that the aspirations of the people of gaza can be overlooked. that a year on going into the second year after the war ended people should be left living in the open air?
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is it really something that the world wants to do, become more angry, more disappointed, more desperate, is it really to in anyone's interest to have this going none gaza? the resounding answer has to be no. the international community involved with the peace process has to listen to this resounding answer because here we are a year on and the underlying cause of the conflict remains unaddressed. >> if israel allows the people to do the rebuilding, if that happens, would the amount of money available do you think many houses would be rebuilt and people would be able to resume their lives. >> i do think that. and i believe success breeds success. if immediately after the
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cease-fire we saw a rapid three months of people in gaza and elsewhere seeing that they have the concrete difference yes, i think it would have been possible to an awful lot more. instead you have stagnation, disappoint anger frustration and frankly, it's a disaster. it's a disaster to the people of gaza. it's a disaster given what is going on in the region and it's a disaster to the international community who is trying to promote peace. every day that gaza stands by in abject ruin it is impeded even further. >> we have a report that i would like you to listen to. we have a little technical problem but we'll come back to you after this. this is what it's like for one particular group of people who are our correspondent met when he went to gaza.
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>> he has not climbed that's steps in a year. it used to lead to a large home that he would share with his extended extended family. he also lost most of his family. these photos are all that he has left of his wife, three sons, daughter-in-law and grandson who were all killed in an israeli strike. he said for the past year he and the surviving members of his family have barely been able to make ends meet. and that hamas which controls gaza and fattah, that they have not done enough to improve things. >> hamas and fattah are not doing enough to help us. only god can help us. >> international donors including the united states and
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gulf countries pledged billions of dollars to help rebuild gaza but construction materials like cement have not been allowed in despite offers by the united nations to oversee the process. the continuing blockades means 1% of reconstruction materials for gaza has been delivered. according to the united nations the influx of goods is so slow in a it could take up to 30 years to rebuild. which is why around 20,000 palestinians now live in temporary shelters like these. most don't have electricity or running water. and extended families often have to share just one room. as living conditions worsen, many here are becoming increasingly angry. senior hamas spokesman said that he understands the frustration. >> we have to do everything to help people. to give chance for construction.
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this is a chance to work together and put differences behind. >> at 80 years old this man is now the main guardian of his four young grandsons after his parents were killed. >> thanks to chris gunnis from the united nations who promote and works on behalf of the palestinians. we could not go back after the report, but our thanks to him. there were technical problems there. >> it has been reported that boko haram has asked the nigerian government to swap prisoners for the school girls they had kidnapped from chibok last april.
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nigerian president has been meeting with the school girls' parents. >> thethese parents may never see their two girls again. boko haram said it forced some of the girls to convert to islam and marry fighters. president buhari meet with some of the school girls' parents to show he's committed to bringing some of them home. >> in this regime boko haram will come to an end sooner or later. even >> many penal were too afraid to
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stay and fled from the town. some have moved here to the settlement in the outskirts of the capital abuja. it has brought heartache and anger. this man's niece was kidnapped and is still missing. >> we need security first. the security of our lives has to be assured at home. >> in less than two months president buhari has made it clear that stopping boko haram is his administration's stop priority. his predecessor was criticized. >> we want him to end boko haram and let's have peace and let the people of apology jeer i can't go back to their normal ways of life. >> and for parents and family
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members that can't happen until their girls come home. >> pope francis is going to bolivia in the next two hours as part of a three-nation tour of south america. using his visit to speak out against war and also calling for a new ecological world order where the world's resources are shared he hopes by everyone. this was the pontiff just an hour ago leaving ecuador. lucia newman our correspondent with those queuing to see the pope. >> here thousands of people are lining the streets waiting to see pope front citizen for the last time before he leaves ecuador. the pope has been speaking out forcefully about the need to protect mother nature.
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dismissing criticism that the catholic church should stick to religion. he said that the degradation of the soul and planet are inseparable. and before leaving he weighed in on the issue of oil drilling in the amazon rain forest. he also spoke about the old. and he visited an old age home run by nuns. the pope has been talking about the need for reconciliation and dialogue but it is to be seen whether his words were heated here in ecuador where the leftest government and opposition has grown increasingly heated. >> lucia newman. now volcano in western indonesia spews ash. it has been erupting since early
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june. 10,000 people have had to leave their homes. until this moment it had been dormant for 400 years. the threat level had been raised by authorities to the highest possible status. this is on one of indonesia's main islands. counted among the country's 130 active volcanos. we'll be back in just a moment. come back with us if you can. the u.s. women's world champions.
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>> [crowd chanting] hell no gmo. >> they're slamming a technology that could be used to solve problems for people who desperately need it. >> they get exited about technology whether it's in their phone or in their car, so why is it so weird on their plate? >> something's going into food that shouldn't really be there. >> techknow investigates. >> you could not pay me to fake data.
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>> wildfires lit by arsonists. >> this sounds like it happened in a flash. >> millions in damages. and the tragic human cost. >> he's not here anymore. >> find out how experts are fighting back. >> cricket, tennis sunshine what more could you want? >> not far from here we'll start with wimbledon the men's quarterfinals after the blazing heat.
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>> he would take that one 7-5, and he would breeze through the final set 6-2 to reach the finals for the tenth time. he has won all of his other wimbledon tennis. >> i'm very happy to be here again. i have enough energy left in the tank. >> theit did not effect his play
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murray enjoying a run for his semi final against federer. straight set victory 6-4 in all three sets. a five-set battle going on between the french open champion wawrinka and gasquet. it's 9-9 now so the fierce rivalry on the cricket field is underway in cardiff for the first of five test matches. england recovered from a bad spot on 343 for seven.
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england would be right back in the game. it was given good support by gary balance lance who scored 61. three wickets a piece. and mitchell stark it's evenly poised. >> numbers playing at grassroots level are officially declining. we went to find out why and what is the future of english cricket and what it might look like. >> on this green little has changed since cricket was first played here 280 years ago. nothing could be more quintessentially english. but it's the future of clubs like this, which have stopped the men in charge in of cricket in england. >> they've cancelled ticks futures. teams producing three teams where before there were four.
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and you need that number. in last year the england wales cricket released the results of the survey which showed the number of people playing the sport was on the decline. one match had to be canceled because one team could not field the 11 players. >> we leave at 9:00 in the morning and get home at 10:00-11:00 at night every saturday. that may be part of the problem. >> recent performances by the england team have also done little to ignite interest in the game england lost the last ash to australia. while clubs are addressing the problem by highlighting the social side of the game, the england-wales cricket border are
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looking further afield for a solution in communities where cricket is traditionally king. just six kilometers is another cricket club that has seen its numbers soar. a charity-run sports club targeting inner city communities. it's a way of adapting amateur cricket engaging local people and drawing visitors in. >> we've tried to adapt south asians particularly. >> membership numbers have increased ten-fold in the last five years and now england officials see clubs like this as key to keeping grassroots cricket alive. >> sometimes i'm embarrassed when i look at these kids. >> a talented generation of players that if encouraged and
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supported in the right way may one day produce a generation of england's finest. >> euro mcilroy has confirmed he will not be able to defend his open golf title. he runtured ligaments playing football with friends. he said i'm taking a long-term view while rehab is progressing well, i want to come back when i play 100% healthy. >> that's a tough break any time of the year, but in the middle of the summer that's a cruel blow for him. it's a debate of do you live your life or live for your sports only. that's something that you would do? would i play tennis, yes i would, and you can hurt yourself doing that as playing football with your mates.
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but we wouldn't try skiing for the first time or something like that. but he got unlucky there and i wish him speed in recovery. >> arturo nadal will avoid trial for driving under the influence of alcohol. he apologized and agreed to pay undisclosed compensation. he'll need to deliver motivational speeches and is band from driving for two years. vidal was a key player in copa america beating argentina in the final on sunday. the incident happened during the tournament. quim's u.s. soccer team was not just a hit on the pitch but on television viewing records. they drew in audience of 22 million. fans came up for the victory party in los angeles. the u.s. beating japan 5-2 in the final. new york will host a ticker-tape parade for the team on friday. >> we want the world cup!
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>> and the u.s. men's team has a good chance defending champions of the gold cup tournament for north and central american countries. they're co-hosting the tournament with canada. they got their campaign up and running. the tournament opener in the same tom was 1-1 draw between haiti and panama. >> the nfl will play two games per year at the new stadium built by english premier league tottenham. it will have an artificial surface for american football as well as a retractible grass
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pitch. it means that nfl games can't be played elsewhere in england or across the globe. >> the nfl pitches and soccer pitch sidelines-perfect. all the various technologies particularly the big screens. so we've worked together with the informal over the last couple of years designing this stadium. i hope we covered everything that they require. >> finally the german cycleist along with the cyclists in the tour de france were as far assed to take in battlefields of world war i. tony martin keeps the race
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leader's yellow jersey. and i can tell you that in wimbledon that quarterfinal is still taking place. they could be going on all night. >> the crowd was completely flattened. hey, the ashes, fantastic first day. evenly poised. only 24 more days. try explaining that to people who don't understand. >> the rival between england and australia, they're evenly matched teams that goes in ebbs and floes it's at its best. >> that's it for me. we have miriam in just a moment.
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and she doesn't understand cricket.
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>> trouble for china's market slump even further as sell off spread to hong kong and japan. >> meanwhile the new york stock exchange is set to reopen after being suspended for hours after technical difficulties. hello, i'm maryam nemazee. this is al jazeera. live from london. bosnians remember the massacre as russia vetoes the resolution to recognize the massacre as