he criticized putin for supporting pro-russian separatists. in eastern ukraine. and his administration has brought in a wave of new sanctions taking aim at the heart of the russian economy. >> it does not hav way. this is a choice that russia and president putin in particular has made. there continues to be a better choice, the choice of deescalation, the choice of joining the world in a diplomatic solution to this

situation. >> obama says the sanctions will hit the key sectors of the economy including energy, arms and finance. european union leaders agreed to broader penalties. they will stop state-owned banks from racing funds on european markets, they will prevent russian oil companies from getting ahold of some technology. they had frozen the assets of putin's aides and other officials. israeli forces have pounded dozens of targets in a renewed offensive in the gaza strip. palestinian authorities say more than 100 people killed tuesday alone. the latest attacks destroyed houses in the east and south. united nations officials say more than 200,000 palestinians have fled their homes. israeli tank shells hit gaza's only power plant cutting out power through most of the

territory. diplomats are having trouble reaching a the deal for the cease fire. they will not lift restrictions until the militants stop firing rockets at israel. >> demilitarization is crucial, because we don't want to have a conflict today in gaza and have another round six months from now or another year from now. >> 1,200 people have been killed since israeli forces launched the offensive nearly three weeks ago. nearly 7,000 have been wound. >> china investigating joe yun can. he was the ninth highest ranking

member of the po leet bureau. >> translator: this case shows the government's strong will to tackle corruption. people have wanted this kind of action for a long time. we can finally see a big name being dragged down. >> translator: he was involved in corruption? to have a probe is very good. it's the right thing do. they have jald a number of officials including the former chief. he enjoyed a close working relationship with jo. some say they they were plotting to overthrow the xi

administration. while in office he's reported to have built up enormous power and wealth. xinhua says people armed with knives have attacked builds in china. the news agency says the group moved in on government buildings and a police station on monday near the city of more than 30 vehicles were burned or vehicles. ethnic uygurs have been blamed for a serious of attacks in the region. there are many companies in japan that make electronic devices. executes say some of them will putting aside their rivalry to join hands. ai uchida joins us from the business desk. >> competition is steep

domestically is it internationally and we've seen mergers before. hitachi toshiba and sony got together years ago and merged crystal display and made a company called crystal display. now a similar movement. teaming up to preserve next generation technology. creating a thank you research and development company for what is known as organic electroluminescent or oel displays that can be used in tvs and computer. oel are thinner than liquid crystal displays and show chris crisper image but they are expensive to produce. the japanese companies are helpful the technology could be popular in tablets and laptops. sources reveal that executives at sony, pan sonic and japan display have decided to form a new r and d company called jo

led. they will have support from a government backed fund. one of the aims is to prevent their technology from leaking to overseas rivals. experts say the companies face the challenge of turning oel displays into practical and profitable products. well the latest data on the japanese economy just came out in june. factories produced less goods. industrial output for the month was down 3.3% from may, falling for the fooirs time in two month. ramin is standing by w update on the markets here in tokyo. good morning, what is the reaction over there? >> very good morning. interesting point actually because for the first few seconds when the micknikkei is x opened. profits dipped marginally. but as you can see we are now back in the positive. so interesting reaction there. but we're back in the positive.

now tnikkei hit a fresh six monh hiez on tuesday in corporate earn,in earn,i d the weaker yen helped boost sentiment. the first section logged a six year high coming to more than $4 trillion after the close yesterday. it's all about earnings here in japan. car manger honda came out with earnings reports yesterday after close and said quarterly profits jumped 20% and lifted the full year sales and profit outlook as well. i'll track that today. the steel sector also, nippon and jfe holdings are to post higher profiting following higher demand and auto industry domestically and overseas. on the negative side.

two biggest holdings reported a fall from the a april to june period. i'll track that as well. >> and we saw the dollar gain overnight. tell us about the dollar/yen and where the pair is trading. >> the dollar/yen, 102.10 to 12. we saw it trading above that tuesday and it's climbing further this morning. and investors selling uz tremendousries on the speculation the federal reserve may raise interest rates soon irthan expected. many in the markets are going to be glued to the statements. and will probably want to hear whether the fed up grades the sentiment. the euro fell to lowest level in eight months. that's really on concerns about the weaker economic outlook. and also worried that further sanctions against russia could drag down the biggest economy in the region, which is germany

instead they bought what they sew is the safest government bonds. bond yields in germany record low s asian markets also a focu here as the shanghai composite ind index soared to highest level solver this year. also keeping track of the honda and the financial sector and the steel sector shares based on the market reaction to corporate earnings. so i'll have a full update on how to morning session wrapped up as well later on. back to you ai. >> sounds good. we'll talk to you then. ramin mellegard there. argentine government officials and u.s. creditors are making last minute efforts to prevent the south american country from defaulting on debts. they are facing a deadline on wednesday. argentina defaulted back in 2001 and has been paying interest to creditors who have agreed to reduce the country's debt obligations. but the country now risks another default. the u.s. supreme court has ruled

that argentina should repay u.s. investment funds in full before making any other payments. argentine government officials and u.s. investment fund managers are holding negotiations on the issue through a mediator. the mediator expressed hope the two sides will continue talks but the deadline for making the interest payments is approaching. people in ashlg argentina are becoming increasingly concerned about their country's situation. >> no one will benefit from a default. both sides should put every effort into solving the issue. >> the situation is complicated because both sides are still arguing but they need to find a solution. >> argentine government officials are set to be rejecting fund operators. mark players say a technical default is becoming increasingly likely. more for you next hour.

here is another check on markets. >> the two leaders agreed to strengthen economic cooperation and seal a series of the energy deals. we spoke to mexico about advancing bilateral ties. >> shinzo abe claimed the ruins with his mexican counterpart. it's been a decade since the japanese prime minister last visited mexico.

ambassador nega tarks says this marks an important stage in bilateral relations. >> they discussed had wide range of issues to develop bilateral relationship to a new dimension. >> energy authorities rank mexico tenth in the world for its oil production. it is also one of the few countries rich in shale gas reserves ranking sixth in the world. mekco is now in the process of the reforming energy sectors. the oil and gas businesses have been monopolized by state-owned companies. the parliament amended the constitution to open them to foreign investment and now conditions for the industry's emergence are being deliberated in the parliament. abe and pena nieto signed a memorandum to continue in oil development. >> we have a high expectation

that this reform will provide various business opportunities, especially in deep sea gas fields. in the gulf of mexico. and shale gas. not only upstream but related areas such as pipelines or infrastructure will have a great potential. in addition, we the success of this reform we expect that entire mexican economy will be revitalized. >> the number of japanese firms entering mexico has increased over the past few years. according to the japanese ministry of foreign affairs 700 firms started up businesses as of october 2013. mexico is regarded as an attractive production base for exporting to north and south

america. >> the largest group of japanese business leaders accompanying prime minister ab the this time a proof of strong interest in mexico expressed by japanese business sector. i expect not only further development of japanese car industry but also extending to new business in the area of energy, medical treatment, aerospace industry, infrastructure and so on. >> this year marks the 400th anniversary of the first japanese envoy to visit mexico. bilateral relations have entered a new era. the leaders of both nations anticipate developing more than just their resources. last november japanese

astronaut departed for his fourth expe dadition in space. spending six months in the international space station and successfully completed a number of missions. we spoke with him who's just returned to japan from the united states. >> welcome to our stood. how does it feel to be back in japan? you are now back to the earth's gravity for i believe about two months. >> it's been grate. last time i was here was one year ago for training in scuba space center. and i'm reallying enjoying the japanese food here. >> i'm you aren't in hearing about your experiences but first i want to show a video highlighting astronaut wakata's accomplishments. >> wakata worked as an airline engineer before becoming an

astronaut and in 1996 made his first journey to space. he was a robotic arm specialist and he had the difficult task of operating it to retrieve experiment satellites. he also helped construct the international space station and japan's experiment module kibo. wakata drew high praise and was appointed had first asian commander of the i.s.s. he managed had mission schedule and five crew members for two months. in may he returned to earth after spending half a year in space. >> on your previous mission, you were a crew member. this time you were a commander though. what was the most difficult part in taking a leadership job? >> actually every flight was a big challenge for me. but this time i needed to serve

as the leader of the six man crew. and communication is the key for the success of the space flight. and i always make it a point to have good communication with -- not only with my crew mates but also with the flight control team. and that really worked with the teamwork we were able to accomplish everything planned. >> obviously fights go on sometimes. occasionally disagreements? no? >> actually we didn't fight. but there were some disagreements as we go through the flight. but we also express ourselves and discuss details and came to a conclusion and worked as a team. >> tell us some of the challenges you faced this time. it was also a much longer mission. >> yes. >> what was the most difficult part? >> i think monotonous cycle of work or daily life is sometimes very difficult. if you have a different kind of schedule, space walk experiments, new cargo vehicles arriving, it is more

interesting. but if you keep going on the same pace of the work every day, it is tough. so we needed to make sure that we have enough work and then enough time to rest. and to have good time together, you know, making jokes. >> what are some of the things that you do in space to get over monotony, a lot of your off hours? >> i think eating together is very important. and we have a variety of foods from all over the world, from japan, russia, u.s., europe and canada. and when we eat together we talk not only about work but something about the hobby and families. and then so i think eating together is a relaxation time for all of us. >> did you ever feel your life was in danger when you were in the mission? >> we were prepared for any kind of emergencies like fire,

depressurization in case we hit any space debris. so we were prepared to cope with the situation. luckily we didn't encounter any of those things. there were some false alarms with the fire and systems and we communicated closely with the ground to get over those situations but we didn't encounter any serious situations. >> e want to talk more about your encounter in space. mr. wakata completed a wide spectrum of tasks in space. most involved japanese he operated the robotic arm to release microsatellites into the orbit from kibo. this method is gaining attention. the satellites suffer less impact than when launched from earth. and captured incredible images of aurora borealis. as well as the first image of a comet in space. filmed with the japanese made

camera with four times the resolution of a high definition system. >> so japan is showing bigger presence in the international space mission. space technology traditionally was dominanted by the united states and russia. how do you think japan's kibo and konatori technology contributes? >> kibo was completed for assembly in 2009. all the systems have been working on board properly without any problems. and same is true the kounotori spacecra spac they have successfully launched four missions with it. and the japan has become a very reliable partner in the space development. especially in the human space exploration. so i think we should ib continue toe by utilizing o technology for the space station and further programs beyond

earth orbt. >> when you were on the i.s.s. you see through the window planet earth. yo you don't see the country's borders and things like that. but obviously you get news from earth. how does news like the conflicts and the wars going on, you hear while in the space station while outside of earth. how does that make you feel? >> einstein once said change is the only constant in our universe. and i see that all the time. but my stay on board the space station in space taught me to view things from a bigger perspective. we go around the earth every night. earth is a very small planet. and earth seems like it is a small spacecraft if you look at it in the vastness of space. and international space program is a very important program to make the world more peaceful.

and this is a vehicle for the survival of human species. and that is why i thought it is very important to work closely with the people from all over the world and the space station. it is a very symbolic event in activity. >> what is an excellent statement. >> thank you. >> what do you have to study? i want to look at the younger generation for people wanting to become astronauts. what do you have to study to become an astronaut? >> very good question. i think personally i'm a very lucky person to be selected. when i applied for the astronaut selection in 1992, i never dreamed of becoming ast naut. because i did not know what i needed to staudy to become an at gnat. astronaut. i think what is important is to set the goal high and have a crisp image of your goal. not a dream but a goal. and if you strive for this and make every effort the dream will come true. i think everyone has his or her

unique talent. >> so you don't necessarily have to be an engineer which you were. >> i'm an engineer. and we have pilots, scientists. my former crew mate i flew with on my first flight, his undergraduate was in music. so there are a lot of people who are now working in space. so what is important is to aim high and strive for this and never give up. >> astronaut wakata thank you for your time today. >> thank you gene. it's time now to get a check of the weather. islanders in the western pacific are dealing with stormy weather con conditions. tracking two powerful systems for us. and he joins us with the latest. >> we are seeing right now catherine are the two systems. the 11th and 12th named tropical storms of 2014. so very active here at this time. we have one just newly named. tropical storm nokuri.

we also have the hail on here pushing to the west. moving north of guam here. north the late morning hours around noon local time. and people are already ready and have been seeing the winds. actually want to show you video from the overnight hours where you are seeing a lot of the winds out here shaking about the palm trees and already light debris starting to fly around. and looks like the tourists still out and about. this storm system really kicked up in a short amount of time. so short notice but typhoon warnings were put in place. people boarding up there and getting ready. as i mentioned we've already been seeing report of debris. winds 83 kilometers per hour gusting up to 126 in the center of circulation. typhoon warnings in in place. guam tough tropical storm

warnings. and you could see damaging winds still throughout the rest of the morning into the afternoon hours. now the good news is the warnings will likely be lifted later on into the evening hours. as this does push towards the west with improving conditions as we look ahead into thursday. now, i do want to talk about that one. but then we have this other one back towards the west. this is tropical storm nakuri. it is not all that organized. pretty wide spread. see this large circulation? winds probably won't be the big deal with this one. 65 gusts up to 90 kilometers per hour. but the rainfall coming out of this, first you have the mons n monsoonal inflow. so in the philippines and manila you will see the showers here on wednesday. then it's moving north. taiwan, southern japanese islands you see gail force conditions and heavy rains.

even farther north some of these showers will run around the system. and you can see on there the surface analysis how large it really is. farther to the north, at least in japan, clearer skies. we're going to be seeing e temperatures stay warm.ossibly 33 in tokyo. 32 seoul. beijing and parts of china cloudy skies and passing showers. now move o over to the america. in the last few days we've really been talking about what's a going in the east. a severe weather pattern. back to the west though we have a lot of dry weather and warm weather\. it's mid summer out here. and we also have that ridge in the jet stream creating fire weather in california. but what we have also been seeing is the heat low development into the rockies and across the southwest. this is the north american monsoon. sucks in moisture from the pacific and gulf and brings numerous flash flood watches for a lot of you and reports it have

flooding as well. even in denver you had several tornd tornados here. what is vegas, i this i most of this rain will stay east but it is still going to be hot through the rest of the workweek. here is the extended outlook. and that is all for this

edition of "newsline." thanks very much more

>> hello and welcome to "global 3000." it's time for your update on the key issues that drive change around the world. i'm michaela kuefner and here's what we have coming up over the next half-hour. drowning out history. ancient settlements in turkey are about to be flooded. making green efforts pay. why protecting zambia's forests means good business. and -- living towards day x. why one day means all for south korean pupils on the face of it, turkey is undertaking a huge effort to produce green energy.