tv BBC World News BBC America October 20, 2014 7:00am-8:01am EDT
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you put up one post and the next day you have all these candidates. makes my job a lot easier. over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer300. hello, you're watching "gmt" on "bbc world news." i'm tim wilcox. a breakthrough in the fight against ebola. nigeria is declared free of the disease after 42 days without a new case. >> now that i'm free from ebola, we need to go out and celebrate this. >> after days of saying it wouldn't, turkey now says it will allow kurdish fighters from iraq to cross its borders to fight islamic state in syria. and a cold war drama in the icy waters off sweden. is this grainy picture a stranded russian submarine? also on the program, aaron
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is here. >> 35-hour strike by lufthansa today, affecting passengers with 2/3 of its scheduled flights grounded. we're going to take a look at how much lufthansa is prepared to lose to win this battle. hello. it is midday here in london, 7:00 a.m. in washington, noon in lagos, where the world health organization has declared nigeria ebola-free after no newly reported cases of the disease in two consecutive quarantine periods of 21 days each. that's welcome glimmer of hope during the worst outbreak on record that has killed more than
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4,500 people. another piece of good news, in spain, a nurse infected with ebola has now tested negative for the virus. teresa romero will need to have a second test before she can be declared totally free of the disease. meanwhile, william pooley, the british nurse who recovered has gone back to work in freetown. and in the united states, dozens of people, including the family of the first person to die of ebola, are coming to the end of the 21-damon or thing period for the virus. let's go live to will ross, who joins us now from lagos. some very welcome news, but after some pretty drastic action in nigeria. >> reporter: that's right. the world health organization has now announced that nigeria is ebola-free, and in the organization's words, this is a spectacular success story that shows that ebola can be contained. now, of course, the situation here, the way that the virus
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came into the country, was very different from how it affected sierra leone and liberia after the first case emerged in guinea. but nevertheless, lessons are being learned from nigeria, and a lot of hard work did go in, a lot of different arms of the government came together with international support to ensure that ebola was defeated. everybody hopes for good. the hospital that was thrust on to the front line of the fight against ebola when the liberian, patrick sawyer, flew into nigeria in july. doctors here say the highly infectious mr. sawyer wanted to leave and became aggressive. even pulling out an intravenous drip and splashing blood on the staff. but the hospital staff stood firm. >> the only way we could be sure and live up to our responsibility to our people, the state and nation, was to
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keep him here. >> reporter: mr. sawyer died in the hospital. had he been let out into the vast crowded city lagos, the consequences could have been catastrophic. four of the hospital staff died trying to treat mr. sawyer, including the heroic doctor who made the initial diagnosis. it was nigeria's first case of ebola. her only child. >> it really helped nigeria to prepare and get ready and trace everybody. i think that's probably the difference between us and our west african neighbors guinea, liberia, and sierra leone. >> reporter: nigeria had to act fast. health workers and volunteers went knocking on the doors of almost 900 people who may have come into contact with the virus. their temperatures had to be taken for three weeks. it was difficult work and at times they had to convince scared medical staff to comply. >> you're a health worker, i'm a health worker. we understand this thing.
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let's just do our job. she said, all right, so how many days will you come and check up on me? i said 21 days. when we are done, she said, you need to take me to a party. now that i'm free from ebola, we need to go out and celebrate this. >> reporter: nigeria was unprepared, but with international support got its act together and the number of ebola deaths was limited to eight. the ward behind me is where the confirmed patients were treated. it's completely empty now. this whole area is pretty much silent. the medical staff and this whole facility are on standby, everybody's hoping and praying that ebola doesn't come back to nigeria. according to this expert who's helped fight several ebola outbreaks, nigerians must not be complacent. >> the sheer size of this country makes it likely that they're going to get more cases. and the second thing is, a much more average hospital environment will be slower to diagnose this disease and they will have worse infection control facilities at their disposal. >> reporter: nigeria has a
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window of opportunity now to get better prepared right across this vast country. another ebola battle might be much harder to win. >> will, just picking up on that last thought in your package there. how vigilant are they, and are they increasing numbers at other entry points to nigeria? >> reporter: i mean, there's certainly efforts going on now to try and get ready in case another ebola patient comes onto the country. there are teams of health workers going out, doing a lot of education. but there's also a danger of nigeria sort of taking its eye off the ball and the experts are saying that the country remains vulnerable, as long as the crisis continues in those other countries in west africa. so there is a lot of work still to be done. but there are also more lessons to be learned from here, and the world health organization is saying that some of the survivors, the doctors and nurses who contracted ebola, but
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survived, they did so because -- or partly because they took a lot of oral rehydration salts at the very beginning when they were diagnosed, and that helped them fight off the ebola virus. so the w.h.o. is now using these case studies to try and push out this message that treatment can begin at home. the symptoms can be initially treated at home, because of course, in other countries in west africa, sierra leone, liberia and guinea, it sometimes takes days before they're getting any help at all. but the message is the help can start at home. >> were any of the experimental drugs used to ward off and fight this outbreak as well? >> reporter: no, not here in nigeria. and some people even said that when patients were thinking about that experimental drug and saying why can't we have the drug, that was an attitude problem that didn't help because they were then almost kind of
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giving up and saying the answer was in a drug that we don't have. the message coming out of nigeria is there are lessons to be learned that can help fight the disease, not only getting ready, but also the tracing of all those contacts. that's what happened very well here, and of course, completely different in further afield in west africa, because they didn't have that index patient to trace. they've had thousands upon thousands of patrick sawyers cropping up all over those three countries, that's made it so difficult to fight this virus. >> okay, will ross live in lagos, thank you very much indeed. in about 20 minutes time, we'll be talking about people who recover from ebola and gain some immunity to the virus. how useful are they and their blood in the battle against ebola? also, at 1830 gmt, we'll be bringing you a special program with all the latest on the outbreak. "ebola daily" is on air each weekday here on "bbc world news."
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in other news, in japan, two members of the cabinet, both women, resigned because of claims that they misused campaign funds. the trade and industry minister yuko obuchi, and justice minister midori matsushima, stepped down within hours of each other. indonesia's joko widodo has been sworn in as president of the world's third largest democracy. he's the first president not to belong to the established military political elite linked to the former prime minister. in his speech, he spoke of reconciliation and national unity and promised to maintain what he called the country's free and active foreign policy. the second child of britain's prince william and his wife kate is due to be born in april. the duke and duchess announced last month that the couple were expecting a baby, but no date was disclosed. kate hasn't been seen in public for more than two months as she has been suffering from acute morning sickness. the palace say her health is steadily improving.
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could the balance of power in the battle for the northern syrian town of kobane be about to change? after weeks of saying it wouldn't, turkey now says it will allow safe passage for iraqi kurdish peshmerga fighters to join the syrian kurds defending the town against islamic state militants. much of northern syria and iraq is controlled by i.s. so a corridor through turkey is vital for peshmerga forces who are centered in erbil to reach kobane. despite the fighting happening right on the border with turkey, the turkish government has ruled out supplying weapons to the kurds. the u.s. secretary of state john kerry has said it would be morally wrong to turn away from helping kurdish forces. and u.s. cargo planes have started air dropping weapons, ammunition, and medical supplies to the kurds who have been battling i.s. now for a month. let's go live to mark lowen in
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istanbul, and our reporter on the border. mark, starting with you, significant development and change by ankara? >> reporter: i think on one level, tim, this is a u-turn of sorts. yesterday, the turkish president said no arms to the kurdish fighters in syria. for weeks, they've been saying no fighters allowed to enter syria from turkey. they've been blocking kurds at the border. then last night, there were air drops of u.s. planes dropping weapons around kobane, probably with tacit approval, and today the turkish foreign minister admitting, saying that they are helping peshmerga to move into syria. the turkish government saying one thing, to ward off counterterrorism from turkish nationalists, that turkey's helping the kurds. and another to international partners like president obama, who are saying that turkey has to help. turkey is now finally getting
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involved in the war in syria, in the fighting for kobane, in a way that might just be domestically acceptable. >> in terms of the balance of power shifting in kobane, has i.s. been pushed significantly back, or are they still very present there? >> reporter: -- >> kasra, can you hear me? i'm not sure if there's a long delay on this line, actually. >> i'm standing about a kilometer from the town of kobane, just behind me. and it's been eerily quiet. i can hear you. can you hear me? >> yes, we can. do carry on. >> reporter: where i'm standing is about a kilometer away from the town of kobane behind me, and it's been eerily quiet all morning. and until an hour ago.
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and only in the past hour that we've been hearing some signs of small skirmishes on the western fringes of the city. the turkish fighters here have done a lot of the job of clearing most of the city from i.s. fighters. there's a building in the southwest of the city where there is i.s. flag still flying over a tall building there. and i assume that there are some snipers there from i.s., which prevent the kurdish fighters to go close and get that flag down. but for the most part, they have cleared the town. but the two decisions last night and today, the decision by the turk turkish government to allow fighters in, and the american air drops are two strong boosts to the morale and the fighting
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capability of the kurdish fighters here. the kurdish fighters, they have cleared the city but they need to clear the surrounding villages to prevent isis from entering. >> okay, thank you very much, on the border there. mark, just a final thought from you. president erdogan has been reluctant to send aid in to the peshmerga fighters because he says they are directly linked to the pkk, which of course, turkey has been at war with for several years now. is there any hard evidence to back that up? >> reporter: the pyd, the kurdish political faction of the militia in syria, is basically a sister organization of the pkk here in turkey, which is still outlawed, which is still labeled a terrorist organization here in turkey and in the west by the u.s. and the eu. but the pyd in syria, we aren't
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getting too caught up on these acronyms, is not actually on the terrorist list. so what the u.s. are saying is look, we are helping the pyd, not the pkk. what turkey is saying they're basically the same. the conversation is probably behind closed doors between washington and ankara, are yes, we understand your issues. we understand the complex political issues here with the kurds in turkey. but really, on the ground, the kurds in syria are the only ones who are pushing islamic state away from turkey's borders. i think it's sort of real politic at play, albeit with a lot of pressure from washington. >> mark lowen in istanbul, thank you very much indeed. you can find much more on the website. satellite images also of the town showing the widespread damage there. bbc.com/news. stay with us here on "bbc world news." still to come, roaring fans, sold out arenas, worldwide live
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you're watching "gmt" on "bbc world news." now, this is what a submarine search looks like in sweden. the navy vessel is scouring the icy swedish waters after the military said it picked up foreign underwater activity. there were suspicions it could be a russian submarine, although russia has strongly denied that. sweden says there have been three sightings of a foreign vessel since friday and a picture has emerged of a mysterious man dressed in black waiting ashore. a military official says the area of the sightings is of interest to a foreign power. tim ullmann reports. >> reporter: look very carefully at this picture. somewhere beyond the trees, a grainy image and a mystery.
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what could it be? a fishing boat? sweden's very own loch ness monster? or perhaps a russian submarine? for the last few days, the swedish navy has been scouring the waters off stockholm. the military receiving a "credible tip-off" that something fishy is taking place in the baltic. >> translator: the swedish armed forces notes it is likely that foreign underwater activity is ongoing in the stockholm archipelago. that is the second-highest verification on our assessment scale and that, of course, means the operation continues. >> reporter: this wouldn't be the first foreign underwater activity in swedish waters. in 1981, a russian sub carrying nuclear weapons became stranded, leading to a diplomatic standoff. this time, the swedes say something is up, but they're not yet pointing the finger directly at moscow.
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>> translator: it could be a submarine. it could be a diver using some form of moped-like underwater vehicle. and it could be divers that don't have any business on our territory. i think that's the scope of what could be called foreign underwater activity. >> reporter: russia is denying all knowledge of any incident involving one of their submarines, but there are reports a rescue ship is heading to the area. in the meantime, this game of underwater hide and seek continues. tim ullmann, bbc news. >> we'll have more on the story. let's speak to peter roberts, a senior research fellow for c power. it's a fantastic story, isn't it? i mean, could this be an error on the part of a russian submariner, or do you think they went in there and did for genuine espionage reasons? >> it's more than likely to be a deliberate act. if it is indeed russian, and let's face it history makes it
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look like it is, they are accustomed to doing this and have been for many decades. probably a smallish diesel electric submarine, what nato would call a kilo class. it's not necessarily that small, but in submarine terms it is, and it's specifically designed to do intelligence gathering and surveillance work. >> and why would they be there? it's not too far away from a big base for russian subs. >> indeed. it's where the baltic sea fleet is based. it's more than likely to be a reaction to the swedish and finnish announcements to rekindle a special relationship with nato announced at the world summit last month. that is going to be of concern to the russians. certainly the announcement was for forward basing of nato forces on swedish and finnish soil, if necessary. and for the russians, this feels very much like more nato aggression, more pushing up against their borders, directly threatening them, and indeed that main supply route going
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into st. petersburg up in the north and all the shipping that goes in there. >> is it, though, a way of perhaps just testing to see how far sweden goes in terms of its reaction, or is this an error that it has come to the surface? >> i think it's probably not an error. it's probably part of the mission for it to come to the surface and take some observations of the local area, to check it out. it will indeed test swedish reactions. but the russians have no mistakes and no doubt as to how the swedes will react. in their history, the swedes have depth charged submarines that have been found in its waters and it's a violation of international law to do so. so the reality will be the submarine has to keep covert in order to maintain its neutrality to avoid this breach. so certainly very embarrassing if it comes out, if there is definitive proof it's a russian submarine. hugely embarrassing for the russian navy, subject to enormous reinvestment. >> so in other words, the swedes would attempt to destroy the submarine? >> i mean, it depends how you look at it. >> or just scare it up to the
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surface? >> it's certainly more of a scare tactic to bring it up to the surface. when you're underwater, and you know bette, and more than anything else, it's going to drive you up. >> when you look at russian submarine trips, they've been as far as california recently. >> indeed. different type of submarine, but the russian fleet has a hugely sophisticated submarine fleet. both the nuclear side, and in this case, the diesel electric side. they are at the cutting edge of submarine operations. hugely professional force. >> peter roberts, thank you very much indeed. we'll keep you posted on that story, if indeed that sub is found. now, the league of legends world championship took place in seoul on sunday in front of an expected crowd of 45,000 people. steve evans reports on the growing popularity of watching video game competitions and the big business it's already become. >> reporter: 40,000 roaring fans. tens of millions watching online
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and in cinemas around the world. a million-dollar prize. this is big sport. the league of legends world championship. an online game. fans came to seoul from around the world. what's the appeal? >> well, when you really appreciate a game, when you enjoy playing a game, you can just come here, appreciate other people playing it way better than you. and it's universal, no matter where you're from. >> reporter: a bit nerdy? >> i don't think so. right now it's mainstream. look at all these people here. if this is nerdy, then what's not nerdy? >> it's totally nerdy. it's definitely nerdy. but i don't care. it doesn't matter. >> reporter: this is professional sport with sponsored teams, who live and practice together. it's sleep or play mostly. these people are stars who are mobbed by fans. it's not about strength. it's about hyperspeed on the mouse. and tactics.
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>> translator: my life is a bit different from others. i get up when other people start to have lunch. all this practice is the least i can do. at the end of the games, fans come to me and give me snacks and approval. >> reporter: at the final, there were the usual accoutrements of big-time marketing. league of legends is all-time popular. the industry reckons 27 million people around the planet play it every day. this is very similar to football in one way. and that is that virtually all of the crowd are male. this may even be more male than football. the atmosphere, though, is quite different. there's no sense of match onus here. for the record, the samsung white team won. superstardom at the click of a mouse. steven evans, bbc news, seoul.
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welcome to "gmt" on "bbc world news." i'm tim wilcox. coming up in this half-hour, a british nurse who recovered from ebola has returned to west africa. he's been told he's probably now immune to the virus. so, are survivors protected from the disease and can they now be used in stopping it from spreading further? we'll be asking the world health organization. and the scorching campaign against corruption in china continues, as the central committee meets in beijing. also on the program, aaron is back looking at the possible nail in the coffin of the humble
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wallet. >> mobile wallet, tim. convenient and secure. just some of the buzz words surround the launch of apple's new pay system, which rolls out in the u.s. today. but here's the question. will it be an overnight success? because we're going to take a look at some of the stumbling blocks facing apple's newest idea. hello, and welcome back to "gmt." the world health organization has declared nigeria ebola-free after the country reported no new cases in the past six weeks. more than 4,500 people have died from ebola, mainly in guinea, liberia, and sierra leone. william pooley is returning. you'd think after contracting it once, you probably wouldn't want
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>> well, let's go to geneva and speak to the w.h.o. director for global capacity alert and response. let's just start with the most obvious basic question. people who have contracted it and survived, are they now immune? >> it's very difficult to say they are really immune or not. they've built an immunity. we need additional research to really be able to quantify the level of immunity. but what is important is that they are really critical actors in the response to ebola. they've lived through the disease, they are able to tell others about the treatment, the fact that you can survive, and they are excellent messengers for the community in order to decrease the fear factor, and they are the best proof that you can survive ebola. >> how much scientific work is being done, though, in terms of
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their blood, to see whether this could lead to some sort of vaccine cure for the disease? >> yes. important work is being carried out right now in terms of vaccines, in terms of treatment and the blood of the survivors is being used in order to know more about this disease. we've never had such possibility and we will continue to support the research so that we're better equipped to provide treatmen t ebola patients. >> there's some research which is just recently being finished in america, suggesting that there might be a natural immunity building up in the communities around ebola sufferers. with people who have never actually contracted the virus itself. is that another avenue which you think is likely and what would the impact of that be? >> all avenues are being explored right now.
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because it's true that the level of disease is not the same in the community. could be depending on the immunity, could be depending on the response of the community as well. so all these elements are being studied, and we will know more later to have the adequate response. >> how culpable, how much to blame is the w.h.o. for the size of this outbreak of ebola, given that internal classified do you mean which said that the response had been chaotic? >> it is premature to say anything about the way the response had been carried out. we will conduct a review and all responsibilities of all parties can be assessed. for now, what is important is for the international community, for w.h.o. to really focus on their response.
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this is really important that all of our energy is concentrated on the response. >> all right, thank you very much indeed. european foreign ministers are meeting in luxembourg to discuss how to strengthen their response to the threat posed by ebola. the crisis has now reached a tipping point. let's go live to luxembourg and speak to damian grammaticas. u.n. wants to raise just under a billion dollars. britain's been critical of the lack of commitment from other european states. is anyone committing more money today? >> reporter: well, we haven't got figures yet, but what we do know is that coming into the meeting here today in luxembourg, it's all the european foreign ministers who are meeting here today to coordinate their response. britain's foreign secretary came in saying the current
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commitments being made by european countries of about 500 million needs to be doubled to a billion euros. that's what britain would like to see. they've spent quite a long time this morning discussing it. it was the topper item, the number one issue now facing european foreign ministers. so a couple of hours worth of talks this morning have just finished on this issue. they will move on to other issues and we'll find out later what they've said. but certainly there's a sense here, as mr. hammond said as he walked in, that there is a very short window now in which action needs to be ramped up if the spread of the virus is to be contained in west africa. >> and it's not just money, is it? it's also manpower. do we have any idea how the eu fares in terms of who they've sent, how many volunteers, etc. ? >> reporter: well, there's a call, again, for there to be 2,000 personnel sent by mid november. so by about a month's time.
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i think about a thousand perhaps on the way. we know that there's a british warship on the way. the dutch have said that they are preparing the warship to go as well. the eu has said clearly, the priorities, as you say, money, but also personnel. so trained medical and military personnel need to be sent to west africa to help there, to help contain the virus, to help build medical facilities. and also to build things like labs. the eu says it's already sent four mobile laboratories that can test for the virus and return tests within four hours. but they can only return i think something like 70 tests a day. so again, everything needs to be ramped up and there is now a recognition of that. >> yeah, and just briefly, a recognition that even though a lot of countries haven't been touched with ebola yet, because this is still developing, and growing exponentially it seems to be in west africa, most countries could well have a few isolated cases. >> reporter: yes. i think that's the realization
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that's underpinning what we're seeing here today, is that the best way to contain the spread of this virus, the best way for european ministers to protect themselves and their countries is to do more in west africa. we've heard also today the chairperson of the african union saying exactly that in an interview with the bbc. she said similarly, if other nations want to protect themselves, they need to do more in west africa. >> all right, thank you very much indeed. for more on the unfolding situation on this virus, stay with us here on "bbc world news," because at 1830 gmt, we'll be bringing you a special program with the very latest on the outbreak. that program airs daily this week here on "bbc world news." stay with us on "gmt." still to come, president xi jinping's campaign to root out corruption in china continues as the central committee meets in beijing. (door bell rings)
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hello, you're watching "gmt." i'm tim wilcox. our top stories this hour, nigeria has been officially declared free of ebola after 42 days without a new case. and after days of saying it wouldn't, turkey now says it will allow kurdish fighters from iraq to cross its borders to fight islamic state in syria. whiz across the studio to aaron, but you don't want to be flying if you're in germany. >> no. lufthansa wants to make its new pilots who sign up retire at 65. currently it's 55. and there's been a new eu law that allows pilots to retire at 65. >> 65 is the new middle age,
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right? >> exactly. you and i are going to be working until we're about 80. germany's national carrier lufthansa has cancelled more than 1,000 flights after its pilots unit called for a two-day strike. it starts today, monday. the dispute is over these basically retirement rights. the union has also extended the strike to cover long-haul flights. that kicks in tomorrow. lufthansa is just one of a number of flag carriers that have been trying to cut cost as they compete with the low cost carriers, as well as, of course, the gulf carriers. air san francisco strikes last night cost it more than 500 million euros before a deal was struck with those pilots. so just how much is lufthansa prepared to lose in order to win? have a listen to this. >> air france played hardball for a couple of weeks, lost a great deal of money. air france's position is a lot more fragile than lufthansa's, so this is why we've seen eight strikes so far.
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lufthansa is willing to tough it out. we have to see how long that will go on for. but it has a stronger bulwark. it is your mobile wallet, convenient and secure, just some of the buzz surrounding the launch of the new apple pay system, which rolls out in the united states today. but is there going to be an overnight success? it does seem that there's a few stumbling blocks. have a look at this. the first is the service will only work on new models of the iphone. yep, you're going to have to get a new one if you want it. we're talking about the iphone 6 or the 6 plus. if you've got an older iphone, you can't join the party. if you've got an android phone, you're not even invited in the first place. also, so far, only 220,000 scores have signed up. it's only a fraction of the 6 million shops that are in the united states, although admittedly some of the biggest brands are taking part, including mcdonald's, whole foods and walgreens. and finally, corporate store cards and loyalty cards, they
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can't be accepted yet, and that means shoppers that enjoy rewards from their macy's or bloomingdales cards, for example, will no longer see those benefits if they use apple pay. but there is no reason to believe that another layer of technology couldn't sort this problem out. so is this the end of your wallet or will cash still be king? let's find out. our tech guru joins us. rory, great to see you. i'm holding in my -- well, it's an ois you are caryster card, a. i've got a debit-credit card. it's tiny. really, do we need something like this? >> well, that's the big question, aaron. the point is that people have been trying to bring mobile money to the world for a long time. and funnily enough, it's been successful in places like africa, mobile money transfer systems, where people don't have access often to standard banking systems and credit cards and so on. the question is will it work in
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the united states and then around much of the rest of the world? so far, the jury's out on mobile apps. there are quite a lot of ways of paying with your mobile phone. the key thing about this one is that it does offer the banks and so on a secure system. there's a lot of stress being placed on the fact that the payments through this will be pretty secure. because credit card fraud online and offline is rising around the world, it's a huge concern. so it's clear what might be in it for retailers and banks. slightly less clear perhaps what might be in it for customers. there's an edge of convenience. you just hold your phone, put your finger on the thumbprint recognizer and it pace. so a tiny bit more convenient. but those of us who have contact-less credit cards already won't see as much of a difference. >> could this be apple doing to the payment system what it did to the music industry? a total disruption to the credit
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card market as we know it? >> that, of course, is the concern i think by the banking system. they're sitting there saying should we collaborate with this, should we not? right now, apple doesn't appear to be taking much of a cut from every transaction, but i suppose what will worry the banks and the retailers is if this becomes the default way for millions of people to pay, will they then actually have to give more of that cut to apple? >> that is the question. rory, great stuff as always. i know you'll keep your eye on it. we'll talk to you soon. thank you, mate. i'll tell you what, traders, they are bracing themselves for another week of crazy gyrations on the global financial markets because today we're seeing shares in asia rise dramatically. the main market in japan, the nikkei, closed almost 4%. let me just show you what the markets are doing because europe certainly hasn't been following suit. but this is the thing. the stock market, it's like it needs to see a therapist.
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it's temperamental, prone to violent mood swings. last week, the market took us on a daring ride. we have signs of a european slowdown, signs of a chinese slowdown, and of course, ebola. on the upside, we have reassuring job market figures and that's what investors are trying to invest. jake, always great to have you. is that the problem here? investors just can't make their minds up, because the swings between the ups and the downs are pretty phenomenal. >> i think there's an underlying sense of concern about the ability of the ecb to put in place monetary policies in europe that will help prevent deflation risks from crystallizing. but there is a one-off story with the japanese government's pension funds announcing they were going to buy fewer bonds and more equities. including foreign equities. so that gave asian equities a
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really big boost. but once the european traders got in, it was just more of a renewed focus on the european story. the european data this week is expected to be weak. and i think that's what's seen this sharp turnaround. >> with no end at the moment in sight to the european -- also investors are looking for any type of a return. better than sticking it in a bank with the interest rates. >> i suspect there is going to be an ongoing period of volatility that will certainly compare to the very unvolatile few months that we've had up until recently, which was extraordinary in terms of financial markets, given the risk events that we do have in the global economy at the moment. i think one thing to watch for will be next week, the federal reserve will probably stop its quantitative easing program. there was some speculation that maybe they would keep it running, but then at the weekend, some fed officials said no, we don't want to do that. so that could be another factor that's worrying markets, too.
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what's going to keep supporting equities? we've got the fed there injecting lots of cash into the system? >> yeah, all that cheap money. while i've got you, let me ask you this. there are also investors, they're looking towards the u.s. and in the uk until these are central banks on both sides of the atlantic start pressing that trigger, which starts raising interest rates. that's important for the markets, that's what they're watching closely. >> absolutely important. but i've got to say, it looks like that day is further away than it was yesterday, or last week. with these international risks in china, europe sort of building and more of a focus on them, central banks seem to be more inclined to keep rates on hold for the time being. >> okay, james. always a pleasure, mate. we'll talk to you soon. follow me on twitter. you can tweet me. i'll tweet you back. that's it for the business now. let's just bring you some breaking news that we're just getting in from iraq. reports of a suicide bombing at
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a shiite mosque in central baghdad, killing at least 11 people. it follows another bombing yesterday, leaving more than 20 people dead. also reports from the associated press news wire of an attack on a shiite mass in karbolah, an important shia shrine, and some reports that 20 people could have been killed there, although no second confirmation of that. this coincides with the festival, the second-most important month in the muslim world after ramadan. we'll try and get you more information on that, on those two explosions in iraq. clearing out corruption is the focus of a highly anticipated meeting being held by china's communist party. as a result of president xi jinping's anti-corruption campaign, tens of thousands of
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party officials are now under investigation or in prison. many, though, are choosing to commit suicide rather than face the shame of jail or losing their fortunes. our china editor carrie gracie traveled to shanxi province, where corruption is deeply ingrained in business deals. >> reporter: on the 14th of september, a communist party official jumped to his death from his ninth floor apartment. a neighbor shows me where his body landed. the night before, he had been questioned by corruption investigators about whether he paid a bribe for a promotion. 12 hours later, he joined the fast-growing list of officials who prefer a quick death to a life of shame behind bars. it's all because of this man, china's president presents himself as a man of the people. grandpa xi is his nickname, and
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his message, back to basics, a personal mission to rebuild a communist party that serves the people. he's jailed many thousands of officials, and the rest are scared. the journalist who broke the story of gang's suicide jump. >> translator: he panicked. you'd think death would be a frightening prospect, but these officials are more terrified of losing their fortune and their reputation. >> reporter: this province has got rich on mining and real estate, and so have its communist officials. shanxi is now the front line in china's anti-corruption campaign. but bribery is just the way government business is done here, and so every official is now afraid that they will be arrested next. a tour of the new china with a real estate developer who doesn't want to be identified. he tells me every single project
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here has involved bribery. but now, the anti-corruption campaign has paralyzed the system. when everyone's been on the take, how do you know who's poacher and who's game keeper? >> translator: some are more corrupt. some are less. but they are all krusmt and so are the business peopler who have to deal with them. if you don't give gifts, your projects won't go through. >> reporter: so how will the system work without corruption to oil the wheels? >> translator: no one should doubt xi jinping's resolution. he's targeted even top leaders. it's unprecedented. it's a shock wave through the system, and he's gained enormous public support as a result. >> reporter: in this part of china, ancient shadow puppets still hold the imagination. a folk hero batting a savage foe. xi jinping calls his own
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corruption battle a life and death tiger fight. but for every tiger he slays, there's another in the wings, and a ruling party which hasn't yet worked out how to function without its bribery fix. carrie gracie, bbc news, shanxi province. just a reminder of our breaking news in the last few minutes. another car bomb, a suicide car bomb, we understand in baghdad, has killed some 11 people, according to initial reports. it was on a shiite mosque. also reports coming in on two agencies now of an attack on a mask in kabbalah. that is the second attack in two days. it's coinciding with the second
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