♪ >> hello, and welcocome to the "journal" on dw-tv. i am shane fankhauser herb. >> and i am brent goff with the business news. >> g-20 leaders and a tense summit in seoul with an agreement that is light on substance. reports suggest opposition leader in burma may soon be freed from house arrest. >> into ireland, it will ask for a eurozone bailout. bond yields fall for the first time in two weeks. ♪

>> hello, and welcome. the end of the contentious summit in seoul, g-20 leaders vowed to avoid currency manipulation and protectionism. but deep differences between china and the u.s. remain on currencies and trade. the summit produced little substance, the leading economies, including germany, agreed to discuss guidelines to manage trade next year chancellor angela merkel gave her support as well tuesday basil 3 everyman's of banking reform which would tax banks to create a fund for financial bailouts. >> g-20 leaders smiled for the media after lengthy talks some described as having divisions. divisions emerged over the influence of currency exchange rate for international trade. the german chancellor said countries were trying to cooperate but warned that papered over conflict could re- emerge. >> i would like to emphasize that the issue of free trade remains a crucial importance.

protectionism could significantly damage lasting worldwide economic growth. >> in the end, leaders could only agree to draw up guidelines to help identify trade imbalance is affecting world growth. but there was no consensus on what to do it countries are found to be benefiting from an artificially weak currency. the united states had to drop calls for a cap on exports. >> countries with large deficits must work to reduce them, as we are doing in the united states, where we are on track to cut our deficit in half by 2013, and more i am prepared to make tough decisions to achieve that goal. likewise, countries with large surpluses must shift away from unhealthy dependence on exports and take steps to boost domestic demand. >> the summit can boast two key reform programs do not stabilize the world economy. first, banks will be obliged to put more of their own capitals

in for a rainy day. it is hoped this will guard against irresponsible risk taking and the need for government bailout. second, the leaders agreed on a major overhaul of the international monetary fund. it will give a bigger share to china and other emerging economies such as india and brazil. >> in light of the g-20 countries, if it will also be participating in the asia- pacific economic cooperation forum, which is getting under way saturday in japan. it will focus on lang the groundwork for a free-trade area. -- it will focus on laying the groundwork for free trade areas. the u.s. and china. and then fastest growing ones such as and asia, chile, and thailand. regional matters will also be on the agenda, including a dispute between china and japan over islands in the east china sea. bernie's op -- the burmese opposition leader could soon be released from house arrest on saturday when her detention term expires. she's been detained for 15 and

the last 21 years. the nobel peace laureate in her national league for democracy were barred from running in elections five days ago. burma oppose the first since 1990. supported by the ruling pontiff is expected to win the elections which been widely criticized for neither being free nor fair. >> news of suu kyi's possible release spread quickly. hundreds of supporters outside her party's headquarters, some wearing t-shirts saying we stand by you and there was intense anticipation. by evening, hopes faded that the nobel laureate would emerge from house arrest on friday. >> there is no law to hold her for another day. her detention expires on saturday, and she will be released. >> for most -- for much of the past 21 years, suu kyi has been

a prisoner in her home, heavily guarded. when her party won elections by a landslide in 1990, there were mass celebrations. but the generals refused to hand over control. confine your house arrest, suu kyi continued to mobilize her supporters. for them, she remains an icon on of the struggle for democracy. many hoped her release will mark the start of a new chapter. >> here in germany, speculation is mounting that the finance minister may resign. it has been several weeks that he was in the hospital earlier this year. his chief spokesman on the right of the screen stepped down earlier in the week. now a german newspaper is reporting that there will be a cabinet reshuffle. but the chancellor's spokesman denied any such plans. let's get the latest on this. we have our colleague here. this incident has really caused

a storm here in germany. how much damage has been done? >> i think it was a display of nastiness that anger is quite a lot of people. he publicly humiliated and mocked his press spokesperson. it definitely stepped out of line in doing that. but i think that is not the kind of thing a minister would normally resign over. >> is a personal thing or a professional thing? >> i think the pro]lem was that he did not apologize. he waited two days before st. perhaps he overreacted. he still has not officially apologized. the man has a lot of basic sympathy if you could draw on from the public. because he is ill. he is paralyzed from the waist down. he has been in a wheelchair since an assassination attempt 20 years ago. people understand he is under pressure because of his job. they understand about his health. i think a few colleges quickly, the matter could have been smoothed over, but it did not. >> and wee believe that the

chancellor is reluctant to let him go. >> yes. well, i suppose he is probably the most experienced member of the cabinet. at 67, he is a very good brain. he is a financial expert. difficult to replace. but i think she will wait until he himself decides that he has to go because of his health. it is a question of time. we have known that for a while. this incident only speed that up with this discussion in public about whether he is up to the job. a depression. >> as always, thank you for that analysis. two other news, the death toll in haiti's cholera epidemic has climbed to 800. according to an american medical expert monitoring the spread of the the disease. if the u.s. out of there is concern the opri did reach the united states, but as a possibility of transmission to the mainland remains low. dominican republic is on high alert. in port-au-prince, hospitals are being overwhelmed by the

arrival of a suspected cholera patients. >> residents of this small fishing village south of port- au-prince have taken their livelihoods from the water for generations. but now fear rise to the villages were cut the cholera outbreak spreads. and nobody is buying these fish for fear the water they lie in my decontaminated. >> there are rumors that nobody should be selling fish. what am i supposed to do? i have six children. but will the government do for the people is selfish? my children are sick. i have no money and nothing to give them. >> many are choosing to go hungry. the same time, the numbmb of cholera cases in the capital of port-au-prince doubles by the day. hospitals and clinics are filled to capacity. and still, health care riders must deal with a constantlow of new cases. the u.n. is asking for urgent donations, hoping to raise 160 four million dollars to combat the epidemic. -- 160 four million dollars to

combat the epidemic. >> was talk about ireland. >> it felt like the entire world is worried again that ireland will not be able to pay its debt. friday was the first day in two weeks that the risk premium for irish bonds did not rise. ireland helped calm the market on friday by denying rumors it will seek a g-20 bailout. ana new bloomberg poll shows that a large majority of economists now believe that ireland is headed for bankruptcy. >> ireland has rejected as senseless claims that it plans to turn to the eu cap in hand. but the river bill -- the rumor mills is dublin is in talks to receive emergency funding already. you politicians are trying to calm the markets. >> i will not comment on any further speculation. we're sure that the courageous and hands-on work of the irish government will inspire the confidence that it deserves.

>> questor well said holders of irish bonds were not have to shoulder any sovereign debt default costs. he plans to ask bondholders to contribute to a bailout would only apply to freshly acquired bonds. this may, the eu set up a 750 billion euros emergency fund. ireland would be entitled to tap into this fund should face a liquidity crisis. >> fears about the future of ireland said european shares down for most of the week. the blue-chip stocks and the dax marked the biggest weekly loss since september. the mood of bleecker friday on speculation that china may soon increase interest rates to tame inflation. we have a wrap up the day's trading action from the frankfurt stock exchange. >> the questions about ireland dominated trading here. no doubt, there were lots of import news and messages from all around the world, but the euro debt crisis right here at home in your land was once

occupied the traders' minds most of all. it provided for a dampened the mood. when there was speculation that perhaps there was some 80 billion euros ready to be injected for ireland on a european level, that caused the share prices to recover. but the mood did not really improve all that much because the next question is, if ireland as take advantage of the rescue package, the european one, will purchase will be the next one? what will happen then? this is a lot of that uncertainty that will carry over into the next week. >> that is true. but i get a quick look at how markets ended the week. in frankfurt, the dax ended with some very modest gains, nothing to write home about. the euro stoxx 50 ended about 0.3% down on the session. across the land to come to the dow jones had concerns over highest interests rates in china. the dow jones lower.

and the euro benefiting from all this. the dollar weaker, the bureau stronger. $1.3696. at the g-20 summit, germany gave a firm and no to any caps on trade exports. it is no wonder germany's economy is growing and is depending on orders from abroad. gdp grew in the third quarter by 0.7%. that was a slowdown compared to the 2.3% in the spring. that was the strongest quarterly expansion in two decades. economists forecast gdp will continue to expand as demand for exports and domestic consumer spending both remain robust. >> there's still uncertainty surrounding the safety of the engines that theirbus jumbo passenger jet a380 has following the emergency landing of a qantas of jack last week in singapore. eads reported earnings in the first nine months of the year plummeted. >> airbus he' latest near

disaster has just come july. in august, screams and the cockpit of an airbus a380 went blank in mid flight -- screens went blank. for a short while, there was no way of maneuvering the plane. an electrical defect was to blame for the failure and a global said the warning has been issued. the manufacturer has plenty of problems. deliveries of the super jumbo a380 be delayed after last week's engine failure. that might mean the recall of all affected engines. the parent company has remained tight-lipped about the costs of such an action. so far, 39 a380 planes are in service. another 380 airplanes are on order. replacing an engine would cost 17 million euros. that is especially worrying for the engine manufacacrer, rolls royce. it would have to bear most of the cost of the replacements, after confirming that an oil fire in one of its engines led to last week's accord is a

landing. >> back over to shane. >> things. the former israeli prime minister, ariel sharon, has been moved from a hospital to his own. the 82-year-old is then spent in a coma for nearly five years after suffering a massive star. there has been no change in his condition. if the move is part of a general medical practice to care for chronic patients at home. >> millions of muslims have begun converging on the saudi arabian city of mecca for the annual pilgrimage. more than two million worshippers took part in the first friday prayers at the grand mosque before the holiday officially gets underway on monday. the saudi government has put security forces on high alert, amid fears of an attack by al qaeda. it is the fifth pillar of islam and every able-bodied muslim is expected to perform it once in their lifetimes. rumors of germany's governing coalition are calling for tighter said the regulations on toys in the european union,

but they want the government to press the tighter eu rules on substances suspected of damaging genetic makeup or causing cancer and infertility. germany's top consumer watchdogs as 80% of the children's toys recently tested posed health risks to children. >> the eu label ce is a bill of health for toys. the german experts say it is misleading. they complain about dangerous small parts, highly flammable stuffed animals, and above all, heavy metals and plastics that can cause cancer in children. most of the tories raising concern are imported from asia. -- most of the him toys raising concern are imported from asia. >> they do not meet the meted -- the needed said the requirements. >> parliamentary parties of germany's governing coalition are demanding stricter conditions for european toy

labels. >> insiders say ce stands for china's exports, and the level is printededn everything with no concern for standards. >> a new european guidelines on toy safety are due to be introduced in 2013, but some german politicians believe they do not go far enough. >> formula one racing now, and sebastian vettel will need to finish in the top two of the abu dhabi grand prix on sunday if he is to become the sport's youngest champion. it was hamilton who clocked the fastest time on friday pose a practice session for the season's last race. but that leaves the burden with a slim chance. the current points leader is third in his furry. and sebastian vettel's teammate was fourth fastest. the question is, who is going to be winning the big race on sunday?

we will have a tip in a moment from now. do not gone away. ♪

the fulldw program the-tv. >> welcome back. sunday is the final in subsiding race of the formula one season in abu dhabi. alonso is leaving the driver standings. -- is a leading the standings. close on his heels is sebastian vettel. it is down to the wire. german finance will be closely following sebastian vettel, the youngest driver ever to secure a position to win a grand prix. but if he wins the biggest prize, he will have to-the dreams of his australian teammate, mark webber. >> german driver sebastian vettel is dreaming of an arabian

nights tell with a happy ending in abu dhabi. the 23-year-old has the chance to fulfill a childhood ambition and become the youngest ever driver champion for formula one. he was only four went spectators got the first glimpse of his speed and skill on the go-kart track in his hometown. he never lost that early momentum. sebastian vettel made his formula one debut three years ago. one year later, he got his first grand prix success. and maybe now, the title. but there is a catch. he needs to win the abu dhabi race again like last year, and the current leader, alonso, has to finish in fifth place. >> last year, we did very well here, and it should be the same again this year.

>> the team colleague is also in it for a shot at the title. he just needs to win the race. the question is, but will there be a team order for sebastian vettel gillette webber pass. their remainintight-lipped about the strategy. -- they are remaining tight- lipped about the strategy. >> we will back both drivers eagerly, but it will the, you know, very anxious to see how it works out. different scenarios have the drivers of winning the championship. ultimately, they rely on each other as well. so it is going to be a fascinating weekend in abu dhabi. >> two-time world champion, fernanda 0 alonso is in the best position going into the race. he is experienced and has a comfortable lead. but everyone at ferrari is familiar with the technological pitfalls that can turn winners and losers. >> it goes to the last meter

because everyone will be worried about everything. it will be a very long race in abu dhabi. >> if lanzo manages to clinch the title at his first year in furry, he will become a hero in italy. -- if he manages to clinch the title at furry, he will be a hero. >> will have more in a moment. first, a look at the comeback by schumacher. he was once called the king of formula one racing. he came out of retirement for the new season anhopes were high that he would once again take the title he has already won seven times. but so far, schumacher has failed to shine. he says he's unhappy with the situation. >> schumacher is stumped. they're raising legend would never have dreamt he could drop so far behind when he returned to formula one racing.

the laid-back euphoria with which he started the season is gone. he is being used to promote a whole product line, but it is not going exactly as planned. >> we're not where we wanted to be. of course we expected to be fighting for the championship this year. but we have had to accept that we cannot do that with this car. >> as far as schumacher is concerned, the car is the reason his competitors are leaving him so far behind on the racetrack. but there are other explanations. >> for him to come back this year in a way as bad luck. this year, i think there's a better group of drivers in formula one than i can remember. >> sebastian vettel, webber, alonso, hamilton, a new generation of racing drivers

regularly stealing the show. >> i was happy when i came back. i could see that he was ahead of me. i thought, wow, that schumacher ahead. and if you push really hard, you can catch him. you feel quite honored to be in a position. it is cool when you are raising them and pass them. it feels even better. >> schumacher has even been overtaken by his teammate. rumors are that schumacher was ready to throw in the towel, but he is already working on the car for next year. he does not want to give up. >> but it is a three-year plan. i would only have signed for a year from a sure i would manage it in one year. >> she marker will start next season with a better car. -- schumacher will start next season with a better car. some think he has a title chance. >> i do not know if in the long term it will be the best thing for him. he is going through tough time

at the moment. i the only time will tell. it depends on how much he personally can take. by not winning. because he has been so used to winning. >> it is a new challenge for the seven times world champion. he has had setbacks but cannot lose his drive. >> joining us now for some lowdown on this formula and one race is jefferson. one of the most exciting races ever, you think? >> you could say that. i cannot get any closer. it all comes down to the very last race of the season. and you have not two, not three, but four drivers it theoretically could win it. i think that is not accidental this year. it is down to a rules change to the put in at the start of this season. they made it worth the drivers while to win races. last season, if you want to raise, you get 10 points, the second guy got eight.

this season, it is 25 vs 18. it is giving drivers incentives to push for the big win in each of the individual races. now we have a barn burner to conclude this season. >> there were actually three people in this race. tell us about the mortars and why they matter. >> -- tell us about team orders and won the matter. >> the simple explanation is one driver being nominated the lead driver for their team. for instance, driver number two could be ahead in the race, and he lets his teammates passed. that is not actually legal and formula one, but it goes on all the time. that has been controversial. it is going to probably play a role in this race for the following reason. alonso is clearly the number one driver. his teammate will be doing everything in his power to help his number one driver. the other team, red bull, they have two guys who could win the overall title. webber and sebastian vettel.

rebels as they do not believe in team orders in the should both go for the win. they might change that depending on how it goes. no one knows. you would think that would be an advantage for alonso. but it may not be because he does not really know because concentrate on. you cannot say that this guy is his main rival. so i think it will be a fascinating race on sunday. >> who is going to win? >> i wish i call that the octopus. but unfortunately he has passed on. it is difficult to predict right now. the woods and watch what happens in qualifieying on saturday. if one of the drivers gets the pole position, i think he is the favor. in picking webber. >> pole position is very important. >> watch on saturday as well. that has been our "in depth" for

today. stay with us for the latest news headlines. good bye for now. ♪ captioned by the national captioning institute --www.ncicap.org-- ♪ ♪