>> it has been eight months in the making. has iraq gotten itself a new government? a powerful blast claimed at least 20 lives in pakistan. the target, the police security center that investigates militant attacks. tensions over trade and fears of a currency war at the g-20 summit. it is in its second day in seoul. welcome to," broadcast to our viewers all around the globe. -- welcome to "bbc world news," broadcast to our viewers all around the globe.

to you. after eight months and a day of confusion and some chaos, iraq has gone some way to forming a new power-sharing government. there's a new speaker and nouri al maliki has been reappointed. the main partners in the coalition, al-iraqiyya, walked out of the proceedings. jim brown's out what has happened on a dramatic day. >> this turns nasty when there was shouting in parliament and mr. allawi and mp's stormed out of the meeting. of are accusing malidki

reneging on a deal. they were expecting the parliament, after electing its own deputies, to remove the stigma of baathism. they say that deal was broken. that is why they walked out. parliament went on to fight their absence, to try to vote for the new president, who will also be the incumbent, jalal talabani. he did not get it on the first round. he was about 20 votes short. out and people stay there will take mediation -- and it will take mediation to get them in the process. >> a powerful explosion has all but destroyed the police compound in the pakistani port city of karachi. it was the base for officers

investigating militant attacks. at least 20 are dead and many injured. >> this is all that remains of the building housing one of pakistan's premier anti- terrorist units. a truck bomb ripped through these premises, leaving ruins in its aftermath. eyewitnesses say minutes earlier, armed militants stormed the building. >> i was getting the building cleaned. the worker had finished and i was paying him. i heard gunfire that -- that went on for three or four minutes. an explosion rocked the area. >> rescue workers and security personnel were quick to reach the scene. the injured were gathered and put in ambulances. many were trapped under the debris of the collapsed building. relatives stood close by, begging for help for their loved ones.

many taliban militants have taken refuge in karachi. they are now actively involved in operations and recruitment in the city. initially, the militants have hit soft targets, like a shrine in southern karachi. the latest attack shows they are now confident and emboldened. security forces are also firmly in their cross hairs. bbc news. >> deaths from the cholera epidemic in haiti have jumped up to 724, an increase of 80 in 24 hours. aid agencies are trying to slow the spread of the disease in port-au-prince. they say there's a risk the epidemic will cross the border into the dominican republic. the president of the european commission has said the eu is ready to offer financial support to the irish republic. there are fears the government

in dublin may not be able to repay its debts. our correspondent has insisted his government can put the economy on a sustainable pace. in sri lanka, four days of hearings have begun. the commission is investigating the 25-year civil war, which ended in 2009. the government and tamil tiger rebels are accused of killing civilians trying to flee. when the to a's best known producers has died. dino de laurentiis produced one not -- produced more than 500 films. he won an oscar in 1956. he was nominated 38 times. he died in l.a. at age 91. money makes the world go round, but who is spending and who is saving? who is importing into is exporting? a key factor in how well that global economic engine works. the second day of the g-20

summit kicks off in seoul and we take a look at the tensions over trade and accusations of currency manipulation by both of the u.s. and by china. >> the g-20 leaders agreed the global economy to grow in a more balanced way than it did before. the disagreement haunting this meeting in seoul is about how to get there and how quickly. as far as president obama is concerned, u.s. borrowing has propped up the global economy long enough. coming out of this crisis, he wants to see other countries step up to the plate, like britain and. other countries, the big saving countries like china and germany, need to start spending. >> the most important thing that the united states can do for the world economy is to grow, because we continue to be the world's largest market, and

a huge engine for all other countries to grow. >> if you think that sounds a bit defensive, you are right. obama is on the back but after days of criticism from the german chancellor and others, who say the u.s. and its central bank are taking the wrong approach to the dollar. >> do you have any concerns that u.s. policy might lead to a flood of hot money coming into the korean economy? >> that kind of question should be asked to me when president obama is not standing right next to me. >> america's main adversary in all of this is not germany or south korea. it is china. the chinese say they need to become less dependent on exports, spend more in their domestic economy, and save less, but that will mean deep structural changes in their economy. it will not happen overnight. it will not happen by tweaking

the exchange rate. the u.s. should not be punishing the rest of the world for the weak state of its own economy. smaller economies like brazil say they are being punished for the stalemate because the dollar cannot fall against the chinese currency. they say cheap money from the u.s. central bank is putting pressure on their currencies instead. >> there are two issues. the value of the exchange rate, and the of the question is, you are exporting to me, brazil, india, mexico, and monetary policy that does not fit my best interest. you're creating bubbles in the stock-market and in the property market. you are creating bubbles in my own currency. >> by the time they leave here, the leaders will have a formal agreement. they always do. the world's largest economies will still hold very different views of the best way forward for the global recovery. bbc news in seoul. >> hundreds of journalists have

demonstrated in the moscow demanding the government properly investigate the spate of attacks against reporters. eight have been murdered this year. many more have been injured. this political correspondent was beaten up and badly hurt by two men wielding iron bars. our moscow correspondent has the story. >> on a bleak night in moscow, journalists express horror and outrage. yet another member of their community has been cut down for daring to expose corruption and abuse of power within the ruling elite. amounts to those at this demonstration, ola. >> when i arrived at the hospital and the doctor described his injuries, it was terrible. i felt unbearable pain. i felt like my heart stopped. >> the ground swell of anger

has been building all week after tv footage of the attack was released. the video that has been shown on national tv here shows two men jumping on the man as he returns home in the early hours of last saturday morning. using an iron rod, they smashed his legs, his hands, and his job. the attack is clearly designed to maim him so he can no longer report. as the reporter and prolific blogger, he was known for his strong criticism of the government. last summer, a youth group backed by the kremlin called for him to be punished. it denies attacking him. prosecutors say they will catch those responsible. -- response will, however powerful or well-connected they are. here, no one is untouchable.

>> take the case of the newspaper editor, brutally attacked two years ago after campaigning against the building of a new motorway from moscow. no one has even been arrested for almost killing him. instead, despite suffering acute brain damage, he is the one being taken to court for libeling a local official. bbc news, moscow. >> you are watching "bbc world news." stay with us. britain has one of the highest rates of welfare dependency in europe. now we know what the coalition government plans to do about it. first, he is one of the most sought-after american painters. work by him has sold for three

times the previous record. >> $30 million. >> it just kept on going up. >> $34 million. >> it surpassed expectations all the way. this liechtenstein has commercial printing. it features his signature using small color got to create the image. he beat his more famous member of his movement. this anti-war whole piece was expected to reach up to $50 million. it was less than half that. why didn't andy do so well? >> our sale had about 16 different warhols. the market for them was full. they put their money on others

instead. >> this one sold for $35 million at sotheby's. the experts say that these pieces are being recognized by serious collectors. art forms can transcend boundaries and appeal to an international audience. why, when our economy is struggling, is the art market seeing profits up by 30% on last year? perhaps because art, like gold, is tangible. for those who have the cash to invest, art is seen as one of the safest places to put it. these definitely look more attractive on the wall. bbc news. >> the latest headlines for you this hour, the iraqi shia

politician nouri al maliki has been reappointed prime minister after eight months of deadlock. the summit on the global economy in soul enters its second day. currency policies are still dominating the agenda. among the austerity measures announced by britain's coalition government, higher fees for many students have caused huge uproars. another big changes welfare reform. britain has one of the highest rates of welfare dependency in europe. anyone who refuses to apply for a job could lose their benefits. james reports. >> the welfare state, so complicated that even officials cannot agree how many benefits there are. success of the -- governments have tried to reform the system, -- successive governments have tried to reform the system, but they have failed. these people are training in london to get off benefits and into a job.

>> you will be better off in work than you will be on benefits. that has got to be an absolute about this. otherwise, the system does not work. the system does not work right now for that reason. >> in many ways, these reforms are designed to change the way people think. people like sara, who gave up her job as a cleaner because her boss there to work cost too much. -- her bus fare to work cost too much. >> you struggle when you work. >> what is the government's plan? there would be a new single benefit to replace most work- related benefits. people would be able to keep more of the benefits when they first get a job for work more hours. as they earn even more, the benefit payments would pay off gradually and simply. the government hopes all this

will help people, like the single mother who works in this office. >> i am working 16 hours a week. i have to work 16 hours to get my working tax credit. if i work more than that, any more money i earn gets taken away. >> in principle, she likes the government's ideas. >> i feel trapped. i can only work 16 hours a week. how am i going to better my life? >> she says the 35 pounds out of every 100 extra she would earn by working more hours would not be enough to cover the cost of child care for her 6-year-old daughter. the ambition of these reforms is massive and central to the purpose of this government, to end the break in society, at the same time as cutting the deficit. if they succeed, they will transform the lives of millions. that is quite a big if. in the meantime, any one out of work who does not accept a job

offer will see benefits cut. this could hit the vulnerable. today is just the start. they are trying to reform welfare in the face of tough economic times. bbc news, westminster. >> the annual pilgrimages the most spiritual journey muslim can make. all those who are financially able are expected to perform it at least once in their lifetime. our correspondent reports. >> this is what millions of children have spent years saving for, coming to mecca. they make their way across the holy cities and many see this as an opportunity to maximize profits during the season.

i go to one of the most favorite -- most famous markets and i instantly in shopping mode. rugs and the prayer beads are everywhere you go. the customers are ready to shop. there is also the old market haggling. you can get anything at any price. it depends how good a negotiator you are. i am invited to have a look. i try my luck at haggling and failed. -- fail. this lady, however, is getting her way. i go to a jewelry shop and i have my eye on something. mecca has always been a commercial hub. it is located between two large trading centers, lebanon and yemen. it has been a trading spot. that is still the case today.

pilgrims congregate here year after year to wash away their sins and start with a clean slate. many people see this as a lucrative opportunity for millions of dollars to be made. not as dependent on programs shopping. the real-estate is proving to be a sound investment for pilgrims coming to mecca and throughout the year for the smaller program inch. these brimming streets are strong reminder of the immense contribution they make to the economy and city. >> back in june, israel announced it would ease its three-year economic book -- blockade of the gaza strip. it looked like a response to international condemnation of the killing of nine turkish activists on ships trying to break the blockade. more food, more consumer goods,

should be let into the territory. the officials see no real change for people living there. >> lunch break at the united nations school in the central gaza strip. a simple enough scene, but this is no ordinary school. look closely, and you can see it is built out of shipping containers. 30 boys in a steel box in 30- degree heat. the u.n. says it won't do and that at least 100 new permanent schools are needed in gaza. further north in gaza city, this should be the site of two new schools. even since israel announced it was easing its blockade, the u.n. says it is still not being allowed to bring in the construction material it needs. >> there comes a point when you have to say, it is not working. we are at that point now. it is not working.

there's no material change for the people in gaza. the so-called easing is nothing more than an easing of the political pressure. >> in the markets of gaza city, you can see there have been some differences. one of the things that has changed in the last few months is the sheer number of israeli products in the markets and shops. you can see hebrew writing. while the number of imports from israel has greatly increased, virtually all exports from gaza are still forbidden. that has crippled many businesses in gaza. this used to be one of the busiest factories. they make biscuits. before the blockade, the export of 60% of them. now with the market saturated with the israeli products, they have shut down virtually all production. >> i feel very sad. this is not as my feeling. this is the feeling of 350

people working here. >> in israel, the government says people in gaza are still for getting one question. >> why are there any problems in exporting and importing? why is the border blockade? the territory has been overtaken by a declared terror movement. >> back in gaza in the factory, amid the boxes of biscuits going stale, they feel things are getting worse. israel eased its blockade almost five months ago. so far, few people here will tell you life has gotten much easier. bbc news, gaza. >> millions around the world of marked the moment when the first world war ended in 1918 after four years of conflict. across the u.k., many people observed two minutes of silence. in london, there was a service.

the archbishop of canterbury was there, along with defense ministers, veterans, and schoolchildren. in france, nicolas sarkozy was at the tomb of the unknown soldier in paris. he unveiled the plaque dedicated to thousands of students who .efied france's nazi occupiers the u.s. vice president joe biden attended the traditional veterans day ceremony at arlington national cemetery near washington. he praised the country's military and thanked them on behalf of the american people. loads of people enjoy making and flying a paper plant. this one does not look like much. no one has gotten one into space until now. they did this, as one of them put it, for a bit of a laugh. >> we have sent rockets to the

moon. we have had shuttles fly in from first orbit. we have never seen anything quite like this. a paper plane launched from space. the plane was taken into space on a balloon. 17 miles up, the balloon burst, releasing the plane, which glides gently to earth, while the camera plummet's uncontrollably through space. the project was carried out by a team of enthusiasts who are amazed the succeeded. >> really pleased. i knew we could get stuck into space, but i was surprised we were able to track it and find a plane and the camera afterward. >> the plane took pictures as it re-entered the atmosphere and landed intact in spain, becoming the first paper plane in history

to boldly go where no paper plane has gone before. bbc news. >> finally, a house is being cleared in london auction. this piece and dates from the dynasty in the 18th-century. the buyers from the chinese mainland. they paid easily the highest price ever for chinese art work. it is a windfall for the tiny auction house. you will find that story and much more online at bbc.com/news. get in touch with me and most of the team on the twitter. you can also go to facebook.com. the main news, iraq has gone some way to forming a new power- sharing government. thanks very much for being with

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