live from our studios here in tokyo, there is "newsline." we start off with a quick look at the top stories. after failing to reach a deal with greek creditors, they have closed banks to prevent financial collapse. chinese leaders are seeing it take shape with 50 countries having a signing ceremony.

and one year after militants declared the establishment in the middle east extremists pose a threat to the region and the world. . banks are closed there are limits on withdrawals and the stock exchange is shut t. prime minister has controls to prevent a financial collapse. some cash machines at graek banks are rung out of money. withdrawals are capped at $56 barrels a day. they need to return about 1.8 billion by the end of the month. euro zone leaders say they won't extend a current bailout beyond tuesday. >> we all panicked and came here because we need money at the end of the month to pay our bills.

>> european central bank leaders decide on sunday not to increase the emergency funding for greek banks. they say they will keep them at current levels. the greek prime minister criticized the leaders of the eu and central bank. he said their decisions are limiting the flow of liquidity to his nation's banks. european leaders are discussing thei response to the crisis. french president francois hol lande will hold a meade meeting monday with his minsters. they spoke on phone on sunday with u.s. president obama. white house officials say it's vital to remain in the euro zone. their troubles came to life during the financial crisis. here's a look back on how it all unfolded. in 2009 the then government leader revealed that previous

administration had revealed budget deficits and it was looming out of control. euro zone officials approved bailout programs on the condition greece takes steady measures to rebuild its finances. the prime minister took power in january, vowing to oppose the international bailout plans. he said the strict us a territory measures hamper economic recovery and make it difficult to repay the debt. eu leaders reduce the debt and make new rescue framework. euro zone officials froze the additional funding originally planned in february. the two sides held discussions to narrow their differences but were unsuccessful. following the eu leader's

decision. dpreek leaders are concerned about their bank accounts. so people rushed to pull out their cash and greek bank officials are worried that the european central bank may stop its financial assistance. the banks spending liquidity may end with a money crunch dealing a major proceed to the economy and some analysts say the crisis could cause confusion and uncertainty in the global economy. >> investors are concerned but what they're hearing and seeing. they saw a surge in selling. give us the details. >> just by looking at videos they are worried it could go global and time is running out as their oloan payment is due and people want to keep their money close and risk assets like

stocks. they are closing at 20,109 that's the biggest e-point loss since last year t. dollar also dragged down export related shares, stocks fell in all sectors. the central bank cut key banks over the weekend the lowest in more than two months. the index hit its lowest in five months. hong kong hit a three-month low. 345 malaysia ended down a percent. the sharpest one-day fall in a month. take a look at european markets. the footsie dropping the kak

plungeling the dax down by 3 points, 4%. economists warn the crisis on greece could affect asia, too. we asked him for his view. >> japanese ren is the safe haven currency so trouble in europe would be a negative yen. china is more in difficulties. growth has been slowing the stock market has only probably been in about the area right now. so a negative impact from euro would possibly be a problem for stocks and emerging economies in asia, not only in china. for china, europe is an export market about the same size as

the u.s. it is very important. china is expending in terms of infrastructure investment overseas europe is a target market. for china, greece has become an important partner and hover to ship gods from china in. so this is a key location for china and difficulties in this area are, of course affecting plans in china quite significantly. >> although the debt payment deadline for zprees approaching, schultz still thinks the crisis can be contained. >> the imf has to have a very strict and strong policy stance because it is dealing with defaulting countries all the

time. it it will basically be impossible some solution will have to be done. i would actually expect that greece perhaps with some partners will find solution until wednesday, so that further negotiations within europe will be possible over the next week. >> not everyone feels the same. many analysts feel europe's leaders will run out of time before they find a solution to the greece crisis. executives at japan's top auto makers say production fell from the same month last year. it's the 11th year of decline t. company' produce a total of 606,000 vehicles. production at honda plummeted 45%, leaving many vehicle makers double digit declines. exports also dropped for the first time in 11 months.

japan's industrial output if el if may. >> that prompted them to downgrade the country's production for the first time in nearly a year. economy ministry officials say it's the first decline if two months. output drop of we feel. auto production fell as demands for vehicles were sluggish. smartphone makers prepa irto reduce new models. ministry say production is truck include waiting. officials are looking on the bright side. they say output in major plaintiffing sectors will rise in june and 0.6% in july. officials want to boost economic ties after overcoming

difficulties. they have agreed to open a special economic zone development has been slow in southern thailand because of an ensurgency t. minister explained his vision for the special economic zone. the trade minister said the two countries should further deepen cooperation. they confirmed they will aim to increase their trade over the next 30 years to $30 billion. let's look at our economic bus for this week. the consumer price may rose for the first time. on wednesday, the bank of japan have short-term business sentiment. they showed they improved while

sentiment and many manufacturers was flat china's may figure showed it edged up to a high. the u.s. report is due out on thursday. in may, employers added 280,000 fawn farm jobs. we invite specialists for the week. we speak with the chief economist at credit suisse securities japan. >> we see the index will be virtually flat from marshall. but because of the slow

production of the production the group is flat. they said the index was sentiment index or improved. the depreciation has wrapped up corporate profits. the government is planning to cut spending. >> i think the impact from the end depreciation will fade out. so we do not think yen is appreciating significantly but still we are seeing that new impact will be smaller and second forecast over us is the fiscal conservation.

abe government is now considering a new major to i think the limit fiscal expenditure while try to reduce the run. also he may want to consider new tax hike measures so those fiscal conservations will be reigning on sentiment. >> that's it for business news i'll leave you with the markets.

representatives of 57 countries have come together in beijing to see the new china-led bank take shape. the investment bank is expected to open for business by the end of this year. >> let's work together to build the aaib into a professional highly effective multinational bank for the 21st century. it's platform will ensure solidarity and collaboration and provide its members a win-win outcome. >> delegates from 50 founding articles of agreement during a ceremony held the great hall of the people in the chinese capital. those from seven countries the philipines and thailand abstained from signing. chinese officials gave no reason not to sign. officials sa i they can sign the pact later when they cleared

domestic procedures t.aiib will be capped at $100 billion, followed by india, russia and germany. beijing will have more than 25% of voting rights on the bank's board, this will effectively give it veto power over the bank's key decisions. the agreement needs to be ratified by all member countries t. u.s. and japan say it's governance lacks transparency. >> the japanese government hopes the aiib will meet the standard of the financial institution, including its governance. we hope the new bank will contribute to sustainable development in asia. japan will closely monitor how the bank is run. >> he says japan will continue dialogue with china and seek to work with the ab to promote investments in the region one

year has passed since the establishment of an islamic state in parts of syria and iraq t. expanding influence of the so-called group poses a major threat in the middle east and the rest of the world. the militant group made it last year. it named its leaders the ruleer of the islamic community and urged muslims everywhere to swear loyalty to him. more than 20 islamic extremist groups in the middle east africa and asia responded to the call. at least 25 people around europe and the u.s. are set to join the group as fighters. an organization monitoring civil wars islamic militants killed 3,000 people in syria, most civilians and syrian government sentence. u.s.-led coalition strikes

killed 10,000 fighters however the group still poses a major threat. last thursday they urged followers to step up attacks during the holy month of ramadan. it has claimed responsibility for deadly attacks in kuwait and tunisia that occurred three days later. the islamic state group has been gaining momentum in libya. the foreign minister of the country's interim government called for more international support for the battle to coast the militants. >> these terrorists who have fought syria and iraq some of them have decided to come back to libya and refine the ranks in libya so that we have indeed that we have faced with. >> he said the islamic state group set up strain camps and the threats have rapidly been

growing. the main stadium for the 2020 olympics and paralympics will kohr's about $7 billion. it's more than the initial estimate. they attend a meeting of organizations in the games. he said it will start in october. and may 2019 is the completion. >> the construction fe will be about $2 billion. this is because there is no time for the games to domestically change to save money. the new stadium is a major feature to host them. >> the operator of the facility came up with a basic design in may last year with an estimated cost of $1.3 billion. but said the project would cost twice as much citing the rising

prices of materials. they will seek the tokyo governments to reduce the burden on the state budget. >> an unmanned walk in carrying supplies to the space station is the latest in a string of mishaps. it marks a set b.c. for private companies aimed to develop manned spacecraft. nhk world has more on this story. >> 3, 2, 1 sequence start and liftoff of the spacex. >> the rocket was launched by u.s. company spacex. nasa says the falcon 9 rocket broke apart on sunday two minutes after liftoff in cape canaveral in florida. it was carrying a cargo transporter, with food and equipment for experiments and supplies. officials from nasa and spacex are investigating the cause of the accident. the chief executive spoke by

phone at a news conference afterward. >> we saw some pressurization indications in the second stage, which we'll be tracking down and following up on there. we did receive information from dra gone after the event as well. >> missions to the iss have failed three times in a row. in october, a rocket built by a u.s. private sector firm was destroyed in the launch accident. and a russian space product burned up earlier this year. experts have lost two cameras they developed to observe meteors. a scientist of the institute was at cape canaveral to what up the launch. she expressed bewilderment over the accident. >> at first i really thought the launch had succeed. i was surprised to learn it

failed do you to a malfunction. i can't believe something like this has happened twice in a row. >> the cargo shipment doesn't pose an immedie problem for the iss food members. they have enough food and supplies to last four months. but the failure of a third unmanned rocket is a proceed to companies that are trying to develop manned spacecraft. experts say the failure is a headache for nasa which planned to let private companies birry astronauts to and from the iss two years from now. nhk world. >> thanks very much. for us here in tokyo, the forecast calls for cloudy partly fair skies with a current reading of 20 degrees celsius. parts of the western u.s. and canada are seeing much higher readings. >> it's the heat at the western

levels over the weekend, it was baking hot. washington had a high of 45 degrees, the previous record was 42 degrees and boise, idaho, although the average temperature is 28 degrees, but it jumps up to 41 degrees. the readings now, we have a big high pressure system stay in place over the western u.s. and western canada allowing hot air to flow in from the south and the system will accurately secure high for the next several days. take a look boise staying in the 30s, sacramento reaching the 40 degree mark on tuesday and wednesday and actually hotter than conditions on thursday is expected. please watch out for heat stroke. we are looking at severe weather across the eastern united states, especially missouri and iowa. you had the quite heavy rainfall and also four tornadoes in march as well. the system will likely head toward the north and east.

severe weather will likely happen over minnesota, wisconsin and the ohio river basin on your monday. watch out for tornado and large hail. a cold front is bringing rainfall over the eastern united states and because of thunderstorm, one person got injured in columbia south carolina. rain will likely continue across the north of florida into the next couple of days. the rain will move out from the nothing states monday night. across asia we have a system that will provide rainfall for the next couple of days and two more systems can be found over the western pacific and two will likely become tropical depressions by tuesday night. one will likely intensify and head towards the mariannas as we head into the latter part of this week. people in far western russia or eastern russia are still dealing with extreme low temperatures. we have video coming out of this area.

a low pressure system brought heavy rain fog and strong winds through russia's peninsula, which is located on the far eastern side of the country. the cold weather dropped temperatures down to around 10 degrees celsius. officials say despite the change in season this is actually considered normal weather for the region around this time of year. however, because of the past summers, residents are making adjustments to the colder weather by wearing winter coats. it's fine across the north. it's sultry hot across the south of china because of the heat and also warm air from the south, this system is activated. and also heavy rain will likely continue for the next couple of days. there were systems happening where the worst flood in 17 years, we'll see 150 millimeters. temperatures are in the 30s in hong kong as well as taipei in e north and tokyo with cloudy conditions on tuesday and rain

will be coming down in tokyo on wednesday. across pakistan due to excessive heat wave hundreds of people are killed in the southern areas of the country but good news is most of the season has started. so temperatures will be dun to the 30s for the next couple of days. here's your forecast.

a solar powered airplane is now making the first around the world flight that doesn't use fossil fuel. the swiss aircraft left japan for hawaii after bad weather

grounds it nearly a month. the soyuz 2 took off on monday. the poilt projected the weather conditions will be suitable for a smooth flight. poor weather conditions forced the plain to make an unscheduled landing june 1st. it was on its way from the chinese city to hawaii. >> i shouted, "good luck!" it was really amazing to see the plane glitter in the night sky. >> the aircraft started its journey in the united arab emirates in march t. single cedar plane has a swing wing span of 17 metres. it's powered by about 17,000 solar cells on its wings. the swiss group in charge of the project says it will reach hawaii in five days in all goes well. it will be a long but ecofriendly flight. stay tuned for newsroom tokyo

live at the top of the hour. bye for now.

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