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>> and now, "bbc world news." >> is a historic day at the detonations as the palestinians make a formal application for full membership. -- a historic day at the united nations as the palestinians make a formal application. >> the truth is that we cannot achieve peace through resolutions but only through direct a negotiations. >> a turbulent week on the world's stock market draws to a close but what is next for the global economy? a race against time, aid workers warn that it is taking too long to reach those affected by the floods in pakistan. welcome to "bbc world news."

the dead satellite is heading to earth but the space agency said that any risk is remote. sir paul mccartney achieves another musical first. the palestinian president has made a historic speech at the netted nations as part of the application for the recognition of the state of palestine. israel and the nine states have expressed opposition for the bid and they have said that a palestinian state can only be achieved through direct talks with israel. >> new york city disappeared into the fog and rain. this was not a metaphor for 20

years of failed peace negotiations according to mahmoud abbas. the storm was here when he left his hotel. the time is now for the palestinian spring. the time for independence. he presented the application for membership to the u.n. secretary-general for a palestinian state based on the west bank within east -- with the capital in east jerusalem. the u.n. general assembly gave him its best welcome. so did palestinians in ramallah on the west bank. ignoreddent obama's american pressure to keep their future away from the detonations. -- president abbas ignored america's pressure to keep their

future away from the united nations. >> settlement activities in body the core of colonial military occupation of the land of the palestinian people and all of the brutality of aggression and racial discrimination. this policy is the primary cause for the failure of the peace process. >> israel's road to independence came from a u.n. vote. >> united kingdom, abstained. >> the resolution divided the british from palestine. the plan created a jewish state and one for palestinians. the palestinians rejected the plan and israel won the war that followed.

palestinians are prepared to except much less than they rejected in 1947. they want a capital in east jerusalem, land occupied by israel since the 1967 war. the americans say they will veto the application if it comes for a vote in the security council. even so, the palestinians believe they are scoring political points against the israelis. the israelis say that they are creating unrealistic hopes among did people. prime minister benjamin netanyahu condemned the u.n. action as a theater of the absurd. >> president abbas just said on this podium that the palestinians are armed only with their hopes and dreams. yes, hopes, dreams, and 10,000

missiles, and rockets is supplied by iran, not to mention the river of lethal weapons flowing in. what is to prevent this from happening again in the west bank? >> palestinian supporters sailed along the east river past the u.n. building. what happened it showed that a peace deal remains a dream lost in a fog of distressed and 8 -- of distrust and hate. >> now to see economic crisis. wall street is a feeling relief after the end of a turbulent week on the markets. economic ministers say they are doing everything to help stabilize the system. >> now, it is global. the crisis in the eurozone that

began increase is now threatening confidence and growth around the world. -- that began in greece is now threatening confidence and growth around the world. the g-20 does not like deadlines. now, they have one. >> there is recognition that there are at the epicenter of a global crisis and a half weeks to sort it out. all of the leaders will be gathering in france in early november and that is the moment when we need to see the comprehensive solution that we have been promised for a while. >> they set itself two deadlines. by the time of the summit, they have promised a collective and bold action plan for the economy. europeans have until the 14th of october to expand the scope and size of the eurozone bailout fund. those changes must be ratified by all 17 members.

so far, only four have done it. you have heard all of this before. we have a grand scheme to save the euro back at a special summit in july. the feeling of some was that the european leaders dropped the ball, they went on holiday and let uncertainty built in the markets. it is more costly to resolve the crisis. this is the public face of the crisis. the troubles of greece and the fears they will default on their debt. the epicenter is not athens but frankfurt. markets don't have confidence that the eurozone governments and central bank are on the same page. >> the donor countries and to not want the exposure to the dodgy software and the dodgy banks. the ecb will argue that it

should not be on their books. >> ecb has suggested that they will step back from supporting countries like italy when the new rescue fund is up and running. the most senior official said that would be a big mistake. >> they can play a role in normalizing markets and that is what we would expect. in that sense, the ecb is irreplaceable. >> we will see if the new rescue fund passes the german parliament. it will be easier to talk about what happens next. there is a big gap between the market timetable and the politicians. >> it is the size of a bus, it is out of control, and is traveling towards us at 5 miles a second. nasa scientists are continuing to monitor the satellite which is expected to disintegrate upon reading chile -- up on reentry.

we're joined by an astrophysicist at the harvard smithsonian center. thank you for joining us. this is potentially dramatic. what is the latest that you know about where it is at the moment and when it will fall? >> well, it is had been over the atlantic. it will make its pass over the u.k. than its final hours now, we still don't know exactly where it will come down. it will come down somewhere between an hour and maybe five or six hours. it really depends on the density of the atmosphere and how the satellite is tumbling when it hits low enough to start breaking up. it will pass over africa and

australia and mostly the ocean over the next orbit. the chances are pretty good that it will come down in a poorly populated area or the ocean, which is good news. >> the odds are high here for it to fall into the ocean. if it was to fall on land, what kind of damage could this kind of space junk do? >> most of this will melt as it comes down. the aluminum will meld some of the other metals do not melt as easily. they will survive. there is one lump that will be a couple hundred pounds that will probably reach the ground and a couple of dozen others that are smaller that should also survive.

if that lands on your head, you'll not be happy. >> if it does land on land but people see its landing, nasa warns the public not to touch the debris. what kind of risk could oppose? >> i don't think it would pose much of a risk. some of the chemicals might be mildly toxic. mostly, it was just be pieces of metal. the main thing is that nasa would like to study any peace that comes back and they have said that we on this stuff, it is hours, don't need it. -- nick it. >> what is the thing to look out for? what is it possible to see? >> with luck, you will see a big

fireball is zooming across the sky with things breaking off their. it could be quite colorful. this is not like a little meat year -- mjeeteor, it will be extremely bright. you will see it breaking into many pieces and then kind of sputtering out as it gets through the dense part of the atmosphere. >> how often does this kind of thing happen? is it a very common for space debris to be heading down towards earth? >> we don't hear about it very often. the reason we hear about this is because nasa put out a press release. there have been satellites this big falling down a couple of times this year. there is a big satellite with a

lot of material on board coming down in a couple of months. this is a german astronomy satellite. this is difficult for many years. this is finally re-entering the atmosphere. nowadays, we make sure that we put engines where they can come down safely. these are really relics left over from the bad old days when people were blase about during people -- throwing things in the sky. >> thank you for letting us know. a court in italy has begun hearing the closing arguments in the appeal by amanada knox against her conviction for the studentof british didn

meredith kercher. familymeredith kercher's spoke out. >> amanada knox back in court today as her appeal reached its final stages. her family is increasingly confident that they have won the argument that she and her former boyfriend, raffaele sollecito, are innocent. the italian prosecutors insisted that there was still a lot of evidence against ignore this been. -- against her and warned the jury to ignore the spin. a lot of the forensic evidence gathered here at the house where amanada knox and meredith kercher were flat makes has come under scrutiny.

evidence suggesting that a knife onch had amanada knox's dna the handle and meredith kercher 's on the blade has been called on reliable. the report concluded that the evidence might have been contaminated. there is a real possibility that amanada knox could walk free along with raffaele sollecito in the next week or so. that would leave the drifter in jail. police have always said this was a group crime. >> this is "bbc news," the headlines. the palestinian president has made a historic speech at the

united nations. wall street has breathed a sigh of relief at the end of an exhausting week of volatility on the world financial markets. back now to the news that the palestinian president mahmoud abbas has made a historic speech at the u.n. which is part of the application for a formal recognition of the state of palestine. israel and in the united states have expressed opposition. they say that peace can only come with direct talks with israel. we can talk to the director of the brookings doha center and a special assistant to the u.s. peace envoy. thank you for joining us today. crowds celebrating and giving their approval at the west bank.

this is likely to be vetoed by the u.s.. is this just symbolic? >> i think this is beyond a symbolic move. president obama us -- president abbas has not enjoyed as much popularity as he has enjoyed now. this is not as dramatic as arafat in earlier days, but this should play very well to his domestic audience and the arab street. >> palestinians by no means are united. hamas has criticized mr. abbas. >> one should note that the 1967 borders were discussed. we have to accept that abbas is probably writing at the top of his popularity. there is no challenger to him at this point and time.

the question is, where will this lead us? could he be in a position to negotiate a two-stage solution? or will we see more confrontation and to finance both at the netted nations and maybe on the ground? -- at the united nations or maybe on the ground? >> israel is blaming palestinians for refusing to negotiate. they are far apart, aren't they? >> yes, they are, i'm afraid. prime minister netanyahu and president obama's made closing arguments in a courtroom case. abbas made closings arguments in a court room case. we are entering the last year and a half of the obama

presidency and we will not have the kind of heavy leadership that we probably need to get the parties back together. there was a quartet statement today but i think that that is probably the minimum that was required and i would be surprised if we see them coming together any time soon. >> mr. abbas called for peaceful marches and support of his initiatives. it is going to get worse? >> there is always that danger. what happens the next few weeks is the palestinian attempts in the u.n. security council goes through procedural delays and for the discussion turned to what will happen on the ground will be crucial. in this respect, in the middle east, you have to expect the unexpected. whether it is a settlement announcement or something completely different.

we have reached the point where there was a very small spot could lead us into a difficult situation. >> many delegates gave mr. abbas a standing ovation. is that significant? even if this request is vetoed by the united states, the palestinians might apply for a new status. >> that is correct. he got a pretty large standing ovation from a large majority of the general assembly membership. if he does decide to go to the general assembly, he will get the majority. the question will be, when will he go? how long will he give the security council in the deliberations on this? what will be the prevailing atmosphere as we move into those kinds of actions? all of this will have an affect

on the broader picture in the middle east. how we are able to get beyond the impasse we are in right now. >> thank you. workers in pakistan say it is taking too long to get an emergency supplies to areas of the country swamped by flooding. 350 people have been killed and around 8 million people are affected. we have traveled to the southern province where there is a desperate shortage of food, shelter, medicine. >> camped out, is that it floodwaters. more than a month into this disaster, here is what many victims call home. -- camped out among stagnant flood waters. there are few agencies to be seen but these families have been reached by a save the children mobile clinic. for this child, it is just in

time. her family lost everything and she has borne the brunt. there is evidence of malnutrition, a constant menace in pakistan's pour south. her grandfather -- her grandmother says they have had no money for food or medicine. the child does not even have the strength to swat away the flies. the team decides to rush her to the hospital. we joined the infant on an arduous journey delayed by traffic jams and worse. up ahead is the road to the hospital, or it least it should be. as you can see, it is and possible for a car to pass through the water levels. we have had to come to a stop here. the child is taught, she is getting weaker.

we have to try to find another way through. -- the child is hot. essentially, we do. this is the interest to the hospital. she is carried in through a sea of sewage. upstairs, just inside of the children's ward, a rubbish tip. then, agony as a trip is inserted. doctors here say she will need days of treatment for malnutrition and dysentery. her father sharing her pain and is terrified that he might be handed a bill. finally, she settled in a bed but she has company underneath.

if she improves here in a hospital with no clean water, this child of the flood will be returned to a tent by the roadside. >> more than 8 years after the death of michael jackson, a jury has been sworn in for the trial of his doctor. dr. conrad mary is accused of killing a singer with an overdose of a set of gift. -- of a sedative. >> we know that the jury will consist of seven men and five women. half of those jurors are caucasian. there are five hispanics and one african-american. some of their occupations, they range from a professor, a bus driver, and a paralegal. a wide range of experiences and

ages as well on this jury. they will decide the fate of dr. conrad mary, dr. jackson -- michael jackson's dr when he died. >> this will be a high profile case. is there a lot of interest in this in the u.s.? >> oh, yes, there is a huge amount of interest. people were milling around already. the opening statement will not take place until next tuesday. this is an unusual trial. this involves the death of michael jackson, the pop superstar that he was, and the man who is accused of killing him. this could be a detailed trial in terms of the evidence, in terms of how the doctor use powerful anesthetic to kill michael jackson. >> thank you very much. this is "bbc news."

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