this is bbc america. now, live from london, "bbc world news." hello i'm david eades with "bbc world news." the top story. three of frances top sports stars are among ten killed as two helicopters crashed in argentina. 200 polices in rites in myanmar. the ukrainian president says pro-russian rebels dropped some weapons. one of the deadliest air

raids, the tokyo fire bombing. hello, thanks for joining us. three french sports stars have been killed in a tragic accident in argentina. ten people in all dying as they were filming for a reality tv program. they were killed when two helicopters collided in the northern part of argentina. it was 750 miles or 1,000 miles north of buenos aires. you can see the damage done for yourself. eight french nationals, two argentine pilots killed. the cause is not yet known.

among the dead an olympic boxer, a long distance runner and olympic champion who retireed from competitive swimming a year ago after winning the gold silver and bronze at the london olympics in 2012. the french president said the news brings us immense sadness. one of the contestants on the show they were filming, a show called "dropped." tweeted of his sadness. horrified, i don't have words. the british double gold medalist tweeted saying they will be dearly missed. a while ago, we spoke to lucy

williams. >>reporter: a sense of shock this morning. all the news all the broadcast leading with this getting reaction from all ports of french society. you mentioned sports stars that have come forward to express their shock. there's a similar reaction from all levels of government here politicians coming out to express their sadness. the prime minister has been tweeting, all france is grieving this morning. the culture minister said the three athletes were among the most outstanding ambassadors for their country. >> can you tell us a bit about what they were up to? >> reporter: they were taking part in this reality tv show a popular show on france's main television channel. they were being filmed at the time of the crash. three athletes and five production staff with them. it was the beginning of the filming of this new series. it's a series where celebrities

are dropped in remote locations and filmed to find food shelter, survival skills. this was a remote location near the andes mountain range. it's not clear why the crash happened but there was a collision causing both to fall to the ground. obviously, those investigations ongoing in argentina. >> lucy williams. there was another tweet who said she made a difference. her view was the sea is there for the taking. earlier i spoke to the vice chair of the french national olympic committee and responsible for preparing a 2024 bid by paris. he said the athlete's death are

a huge loss to the sport. >> very good athletes. the same sport. one of the most important ladies ladies. a very good swimming girl and the boxing guy. three members of the french sport. it's sad news. today, the special olympic committee, we are on the corridor about the news. nobody knows exactly why it's so apparent. it's a good moment for everybody, especially the family thinking about the

families. terrible news for the family and friends. that's a terrible moment for everybody. >> i couldn't agree more. i don't want to single one individual out, but she was an outstanding champion olympic champion. i guess, from the point of view of paris thinking of hosting an olympics, she's the sort of ambassador you call on to push your case. i mean it's a loss in so many ways. >> to be ambassador for 2024. they were involved in the process. it's terrible. three friends were involved in

the process of becoming legend and it's no more. rites broke out in myanmar. rite police tried to breakthrough in the central town of letpadan. they carry on south protecting a new education bill which they say is restricting academic freedom. they began the march in january. they have been held in letpadan for two weeks now. le's speak to the correspondent in myanmar joining us from yangon. how violent is that becoming?

>> reporter: pretty violent. we saw the police using batons to beat back the students. what happened was the cull money nation. today, they said they were going to breakthrough. that eesz why we saw these attempts to go through the riot police. in the end, the riot police lost patience with the students responded aggressively, a dozen students arrested and taken away. effectively, the police moved in to clear most of those parts of letpadan to make sure it was the end of the student demonstration. there's a solidarity demonstration here in yangon that i have just come back from. also, 100 or so student demonstrateors on the street from

where i am now. it was broken up by the police in an aggressive way. not as bad as we saw in latpadan, but aggressive. the students in the end were dispursed by the police with riot shield and attempted to arrest some of those students. today has been a day, really when people in myanmar have seen a side of the police that as they perhaps hope they wouldn't see. we are seeing aggressive clashes as we saw in latpadan for many it was an unwelcome reminder of this country's tragic past. >> emotions clearly running high. what is the expense of the new education that bothered the students so much? >> effectively, they say the new law that has been passed through

parliament overcentralizes troll of higher education. they have been campaigning for quite a time to have the power within the higher education system to bold out the universities and higher education institutions and also for various rights such as the right to form student unions. in many ways it comes at a significance that goes beyond the education. lots of people here have been watching the protests closely over the last weeks and months looking at how the police are going to deal with it and looking closely to see if it might become a rallying point for other people who are equally unhappy with the lack of progress of reforms here perhaps or the lack of constitutional change. it might be a starting point for a broader demonstration rallying movement here in myanmar. they will look closely at the response to the crackdown today, whether people agree or feel the

students have been treated badly enough to go out in the streets and demonstrate in big numbers, in solidarity. >> thanks very much. i just want to bring you up to date at a situation in ukraine. poroshenko said pro-russian rebels have withdrawn weaponry from the front line. his comments back up the claim made by the rebels over the weekend. the forces managed to halt the offensive and drive off the aggressor. he went on to say ukraine had withdrawn the majority of the heavy artillery systems. for more on the situation, you know where to go. the bbc website will have all the details for you, background and analysis. we have the map to show where the various troops are in eastern ukraine and the address there on the page. leader of the eurozone is

calling on greece to get down to serious talks to extend the international bailout. the finance minister has arrived in brussels. he is due to give details to the group of reforms which greece needs to secure the next round of funds. the president of the european parliament alerted the office to financial regularities. mr. schultz said 20 people paid from the e.u. budget didn't seem to do work directed to the european parliament. the leader said she intended to file a complaint against what she called false denunciations. issues around parliament retailers could see the fees they way to process customer's credit and debit cards. they were expecting shortly now.

they hope retailers will then pass on the lower charges to customers across the 28 nations of the e.u. some critics are worried the fee cap could lead to an increase in banking charges. we have the report. >> reporter: the e.u. is bringing in reforms that tax the fees banks charge businesses. the european commission says this will mean big savings throughout the e.u. >> i think it's good for consumers. it keeps costs down and it's good for retailers because people will use that more so they don't have to hold so much cash. >> reporter: critics say small businesses and consumers might feel the benefit. >> this isn't going to help on the small and medium side. they are paying high fees. in america and in spain, where this has been tried before the

retailers made huge amounts of money. the customers have made no savings at all. >> reporter: another credit card transaction, this time in france. shoppers throughout the e.u are choosing cards over cash especially in britain. whatever the impact of the reforms, that trend is unlikely to change. stephanie bell bbc news. let's check up on the business news. alex is here with us. good news for virgin atlantic. >> that is right. the airline has returned to profit. they reported a pretax profit of 14.4 million pounds. it's close to $22 million in 2014. now, the year before it posted a loss of $77 million. virgin atlantic said it gained significant benefits on the joint venture partnership with delta airline. prudential confirmed media

reports that the group's chief executive will be leaving the insurance company. they will be joining them. stepping down at the end of june. he was the first black executive when he was appointed in 2009. lastly in business we are looking at china's inflation. it's increased to 1.4% easing concerns about the world's second largest economy. the rebound is from a five-year low in january. the worst result that was seen in five years. i'll be back in about 15 minutes time with more. the solar impulse two took off. this is the second leg of what should be an epic journey. the plane, which the pilots hope

is the first to ride around the globe on the power of the sun alone. it was a 13-hour halt from dubai. the latest stage of the trip is just under 1,500 kilometers. they expect this flight to last around 16 hours. have a look at this, as well. this is the tracking of the flight by the solar impulse team on their own website. this is live as to how it's getting on as it hugs the coastline. you can find out more about the mission to fly the world using only solar power or on our website, bbc.com/news. if you stay with us here on bbc news we will tell you in a moment about japan as itd remembers one of the deadliest air raids of the second world war. over 100,000 were killed.

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you are watching "bbc world news." i'd david eades with the headlines. one of france's greatest olympic swimmers is among ten dead in two helicopter crashes in argentina. 200 students clashed with police in riots in myanmar over an education bill. coming up in sports we'll have reaction from athletes across the world following the death of three french sporting stars killed in a helicopter crash. also the defending champions beat ireland at the cricket world cup. and it's a time to make history. they aim to make the champion league quarterfinals. that's coming up in 30 minutes time.

a kurdish fight against the rebels in northern iraq. the latest offense started on monday. we just had these pictures into us that show the peshmerga soldiers. they believe the truck was packed with explosives. that's what we are to understand. the soldiers say they have secured a section of the main road that leads to mosul, which is still in the hands of i.s. militants. i.s. controls a third of iraq and syria. earlier this month, we heard of a former british soldier held as he fought against i.s. the british government said taking part in a conflict overseas could be on the criminal and terror law. we have been speaking to a former british soldier. he's going to syria to train and help the kurds fight islamic

state. he didn't want to be named. >> try to take as much land as they possibly can. years and years and years ago, many years ago, all of asia. violence terror and terrorizing people. you think that's not what isis is doing? >> it's not your responsibility. you were in the forces. you were ordered to go out and fight. nobody is ordering you to go out to syria. >> no. >> so why are you going? >> to make it a better place. to make it a better place for people who live there. you can't keep knocking around with terrorism, all the time especially isis. they are violent. shootings, killings beheading, dragging bodies behind cars. mass murders. that's what they are all about.

people don't need to live in fear like that. you know? >> japan's prime minister abe has taken part in a ceremony to mark the 70th anniversary of the bombing of tokyo. he said the sacrifices meant that japan could now live in peace and prosperity. more than 100,000 people were killed when american bombers dropped bombs on tokyo. it swept through the city made mostly of wooden buildings at the time. more people died that night than later in the atomic bomb raids. from tokyo, we have more. >> reporter: 1945 on the pacific island 29 bombers are taking off and heading northwest. >> b-29. noses point toward japan. >> reporter: after midnight they reached their target.

thousands of feet below, this 8-year-old ran for his life as the fire storm spread. >> translator: running from the planes carrying babies on their backs. other children running beside them. i saw the babies on their backs. the mothers were going to -- soon, the parents of other children were in flames too. everyone was burning. >> reporter: in this tiny private museum one of the m-69 bombs designed specifically to set wooden buildings a light. >> translator: the city burned. by then everything had to be consumed. i looked down where i had been lying.

at least ten people were lying on top of me. all of them was dead charred and blackened. i was saved by the people who died. >> reporter: in the back of this little known shrine hidden from public view i'm allowed to see this the earns of the dead. it's strange to walk among the ashes of 105,000 people. it was the single deadliest night of bombing in history. many people don't know these are stored here. the bombings have been forgotten. here in japan, it is barely commemorated. this 10-year-old was running that night. at dawn she arrived at this bridge. >> translator: when i got to this bridge it was blocked by a huge pile of burned and

blackened bodies. so many i couldn't cross the bridge. i just stood there. i looked in the river. the water was covered with bodies too. >> reporter: the fire storm killed both her parents and her brother. she is still angry. >> translator: maybe our government doesn't want to accept america. the bombing was indiscriminate. it killed over 100,000 people. until now, no investigation has been done. this is a strange country. >> reporter: u.s. general said if america lost the war, he would have been tried as a war criminal for what he did to tokyo. today, 70 years on it's been all but erased from history. bbc news in tokyo. we are getting word

investigations are being launched on the ten people in the helicopter crash in argentina. among them three sporting greats. olympic cold medalist silver and bronze. a colleague of hers her little sister expressing how sad it was she retired early. you are watching "bbc world news."

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saving consumers and retailers. caps on credit card fees. 15 years after tech bubbles burst, burst,.

hello there, a warm welcome to you. this is "world business report" with me. in a minute we will look at the rewards and pitfalls of lending. in the next few minutes, the european parliament will work on capping the fees retailers pay to process debit and credit card transactions. that's going to happen in a few hours time. a cap should bring down costs. retailers are charged for every transaction and could have the cost of the goods and services. the new cap will apply to across border and domestic card based payments. it could save retailers $6.5 billion. assuming the bill passes these will be capped at 0.2% of the transaction value of debit cards

and 0.3% for credit cards. the standard payment is 0.77%. for mastercard 0.8%. this is a decent reduction. not everyone is positive about it. card companies say the savings will probably not get passed on to the consumer. the minister explained why the changes were needed. >> right now, we pay maybe 9 billion euros a year. with this cap, it may go down to 3 billion euros a year. that will enable retailers to use cards much more to have the lower amounts of cash. it costs them lots of money to hold cash. anyway it's a risk for a small shop owner to have a lot of cash. >> reporter: some critics say even if there is a cap, is it

the actual up front banking fees may get put off and the customer will pay more anyway. >> that is the risk. if you try to put a cap somewhere, then people try to make money the other way around. but, then of course we'll have to get back to that. this is a question of how to handle actually the very precious monopoly and infrastructure of payments and enable some competition to put a cap on costs. >> one of the main exchanges in the u.s. the nasdaq is getting closer to reaching a new all time high. the last time the technology heavy exchange hit the benchmark was 15 years ago today. that was the time of the big dot com. companies were popping up overnight with high valuations. eventually, that boom went bust. this companies that have business and investors lost lots

of money. we have the report from new york. >> that sock puppet is probably one of the most recognizable people of the dot com bust. they sold pet supplies over the internet. within two years dot com went out of business. >> you have the right to come home from work and find something good waiting for you in the fridge. >> reporter: some argue this company was the biggest flop of the dot com era. they sold groceries, went public, burned through millions in cash and went out of business. stefan founded dot com, launched back in the '90s when the internet was taking off. >> it was a medioric rise.

things that go up fast come down fast. we came down in flames. 90% of what i learned was on the way down. it's fun on the way up exciting, you feel like you are transforming the world. you don't have to learn as much when things are going well. you have to learn a lot when things aren't floating. >> many things were trading here at the nasdaq. in the '90s, they wanted to finance it. in five years it rose from under 1,000 points to an all-time high of over 5,000. the euphoria ended when most of the companies went bust. the nasdaq lost almost 80% of its value. only now, 15 years later, it is starting to creep back up into all time high territory. it has some asking if we are now seeing yet another tech bubble. >> i would say no we are not in a tech stock bubble.

right now, the companies that are dominating the nasdaq are big, established and profitable with lots of cash. you can argue investors are paying too much for them or too high for them. i don't think you can make the case they are as overheated as they were back then. >> reporter: if that's true the next time the nasdaq goes past the 5,000 mark who knows, it may stay there. bbc news, new york. now, savers lend money to individuals or small businesses directly is ten years old today. it was a decade ago the first website -- the financial was launched. now it is taking off with some offering returns in excess of 6% on your money. what about the risk? we are here to discuss that. the ceo and founder of the

largest peer-to-peer lending service. thanks for coming in. >> good morning. >> your company was the first to emerge on the scene. since then many others have arrived. why do you think there's going to be such a market for it? >> we have proved it will work. when we launched in 2005 it worked. now, there are 80 platforms doing it. it's widely competitive. we have provided great value to consumers, put money in their pockets. >> you are a specific model. you only lend to consumers. others that people might have heard of have different bases. they lend to companies as well. >> the models you describe are exclusively to businesses in the way we lend to consumers. >> why would someone come to you rather than an established bank?

>> we offer better value. the long and short of it. we offer loans cheaper to get the cheapest in the market. we also offer a great service. best customer service and money facts. we beat the banks in terms of value. >> what about the risks involved? not just for me but you, the lender. >> typically losses run half percent over the years. we were lending in 2007 2008 2009, at a time -- and lenders made positive returns. our job, is to manage credit risk and make sure we lend to credible borrowers. >> how do you avoid that risk? >> we buy data. we buy some of the same data

banks do and other data as well. we are more agile than the banks in terms of learning. develop industry leading responses. >> you are an online lender. a lot of people in the same category as payday lenders? >> sometimes there's confusion. it doesn't take long to see we are very different businesses. we are lending money over two, three, four five years. >> many thanks for coming in and talking to us. ceo and co-founder of the largest lending service. >> thank you very much. you have been watching business from me. that's all for this hour. stay with us.

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hello i'm nick. this is sports today from the bbc sports center. coming up we'll have reaction from around the world following the death of three french sports stars killed in a helicopter crash. unstopably the defending champion beat ireland to seal a top spot in group b. it's a happy time to make history. palo talks ambition with us as they make the champion quarterfinals for the first time. hello there wherever you are around the world. welcome to sports today. flags are half mass around france as the nation grieves

following the death of three french sports star. camille, an olympic gold medalist, alexis a boxer and florence a swimmer were among ten killed in a helicopter crash. the three were taking part in filming for a french reality television show dropped when two helicoptered collided in midair. it happened in northwestern argentina. the cause of crash is unknown at this stage. camille is the best known of the three who died. the 2012 summer olympics in london she won gold in the 400 meter, silver in the 200 meter and bronze in the relay. the third french woman to win three medals in a summer or winter olympic game. age 24 to concentrate on her personal life.

boxer alexis was at the 2008 beijing olympics where he won bronze. it was controversy in the 2012 london games. florence was a hugely accomplished sailor. she suffered a coma following a car accident at 17. despite that she won the 1990 prestigious solo atlantic race. a fellow contestant on the reality show they were taking part in. i'm sad for my friends. i'm trembling, i'm horrified. i have no words. karen said awful news about the helicopter crash and the death of olympic swimming champ camille muffat and nine others. she was only 25. rebecca says so sad and shocked to wake up and hear the tragic death of camille muffat.

she was an amazing sportswoman. let's move to cricket. india beat ireland on tuesday to clinch first place and remain unbeaten after five matches at the cricket world cup. adam watched all the action. >> a genuine threat to cricket's more established nations to the world cup. leading by example. 67 from the cap pain providing hopes and inspiration. 75 from him. heading almost beyond reach. 259. worthy of some respect. he was shown very little. the best in the world make it look easy.

heading toward his century. disappearing in the late evening sun. victory secured with the ruthless efficiency that suggested india could go all the way. could be an historic night in the champion league. the swiss side is looking to make the quarterfinals for the first time as they travel. you would think this would be a stressful time for the portuguese manager. quite the opposite actually. ♪ >> basil and so is palo. not being in a pressure cooker environment must help. on the verge of making history

in the champion league but no intense scrutiny from the media. >> from day one where i met them and we started to work. it give me this facility and embrace my dream and my passion for the job. >> reporter: sandwiched on the border between two countries, the small swiss town as a unique pace of life. they are one of the biggest clubs in europe. in fact they embrace being small. where else do you find players heading up to training not in a porch or lamborghini, but on a bicycle? ♪ bicycle, bicycle, bicycle ♪ ♪ i want to ride my bicycle ♪ ♪ i want to ride my bike ♪ >> i have never seen that. do you enjoy that?

>> we got fun. reality. we need to integrate. i integrate with my staff with lots of sunshine and completely opposite. but this is part of our life and part we want to enjoy. >> reporter: enjoying life is easier when you have achieved some of your goals. he won the champion's league twice as a player and wants to repeat it as a manager. >> i have my own illusions, my own dreams. but always a reality. we still have a great chance to make historic night with historic results, i believe. in modern football anything is possible. >> reporter: managing six clubs in over six years, showing

failure, but also ambition. he's finally found a balance. a win will allow his fate of happiness to continue. alex south, bbc news. now, the man behind me is well known to be the fastest on the planet. bolt is always in the limelight. let's finish with the fastest 95-year-old. he's broken the indoor 200 meter record for his age group oning at 55.48 seconds. look at him go. massive 2.4 seconds off the previous record. he's a former dentist and took up exercise to stop the aging process. swiss national fitness champion and celebrity body builder. that's it from sports today. see you soon. bye-bye. you total your brand new car. nobody's

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capitalism how much do we know about it? now on "bbc world news," it's part of a richer world. we asked a comedian to give us a very short history.

♪ >> this is the second part of my supershort guide to the history of capitalism. you might be wondering what i am doing in highgate cemetery. you can't talk about the history of capitalism without talking about this man, carl marx. ♪ >> say what you like about the man, but he does good beard. he is the 19th century philosopher being about the exploitation of workers by those who owned the means of production. actually, if they want a broader perspective, we need to start before carl marx, back to the time of the invisible hand.

it was not in 1915 shock horror movie. it was a phrase coined by adam smith. he's a bit of a pin up as far as economists are concerned. but, before max, you have people like adam smith who built his theory on this economic system that was primitive. so you know small corporations, no big government. if you let people do whatever they want they produce an outcome because they do their best to become efficient. >> he said this is capitalism based on structure of violence. all these people who are -- they don't have to work for someone, but these people are also free to stop. >> within the capitalistic system raising the laborer.

they mutilate the laborer into a fragment of a man. they transform lifetime into working time and drag his wife and child beneath the wheel of the juggernaut. boom, in your face capitolism. imagine karl marx delivering those lines at a ted talk. >> it will meet a violent death. >> that sounds dramatic. soap opera, doesn't it. it didn't work out as karl marx expected. the system is still around. >> he was right in several theories of gigantic working class. he was seen as very very wrong.

his protections were about capitalism. a horrible life. life expectancy increased. i think he never would have projected material progress rising to capitalism and he would have thought differently about it if he had. >> what would you think about capitolism? what's that? he said he might have been hung up on capitolism. you know mr. marx there's a thing called twitter. it's worth $30 billion. he says you people are insane. capitalism is still bad. anyway, that's enough of the 19th century capitalism. off to the 2th century for me. see ya later.

hello, i'm david eades with "bbc world news." our top story. three of france's sports stars are among two killed as helicopters crash in argentina. clashes between police and students in myanmar because of new education laws. ukraine president says prorussian rebels pulled back their weapons. japan remembers one of the deadliest air raids of the second world