tv France 24 LINKTV August 11, 2015 2:30pm-3:01pm PDT
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>> welcome back. you're watching "france 24." i'm laura. our top stories this hour -- some respite for greece as the government secures an $85 euro bailout. and more economic reforms. the deal must be approved by both the greek parliament and other countries in the euro zone. a breakthrough in efforts to find those responsible for shooting down a passenger jet over ukraine last year. investigators find what they believe to be part of a russian-made missile. and libya's rival factions sit down to talk in geneva as the u.n. urges them to agree to share power by the end of the month.
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libya was plunged into chaos qaddafi a few of years ago. laura: the greek government says it has reached a deal with its creditors and will receive a third bailout worth 85 billion euros. this three-year deal is supposed to keep greece in a bailout. it must be approved by the greek parliament who will make a vote on that thursday. for more on that we can go now to brussels. the european commission is calling this agreement a technical one. what does that mean? >> indeed, they're calling it a technical agreement in principle, laura, using cautious words there on
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purpose. the thing is any agreement on a greek loan, whether it's short term or long term, it means both technical and political greens. but it does not have the likes of them. after about 2 1/2 weeks of talks between officials from the european commission, the european central banks and the international monetary fund with greek authorities over in athens, a deal was reached earlier in the morning on a bailout that would see greece financed for three years, a bailout that could be worth between 82 billion and 86 billion euros. they are called prior actions, phasing out early retirement. now, we spent a good part of the day to the chancellor of germany asking them to sign up for that deal and getting the backing of the parliament. he does not want to go back to
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work in september with that headache of the word popping up into conversation. laura: well, maebh, this has been going on for a long time. we are at the definitive end of the fear. is greece staying in the euro zone? maebh: well, if you talk to some, they say, yes. it's due to the reforms made by reece. he will be shown and greece has anchored firmly its position in the euro zone but, laura, as i said, a technical agreement is not a political agreement. more steps will have to follow now. the greek parliament will have to ratify that deal. then this friday we could see euro zone finance ministers meeting in brussels to give it their backing.
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then it will go to euro zone parliament. we had caution coming out of bar lynn calling for a bridge loan for some 5 billion euros. they don't want to see a third bailout of up to 85 billion euros. another issue, of course, is the participation rate of the international monetary fund. laura: thank you. so lawmakers in athens are working their way through the conditions of that bailout deal. meanwhile, the greek island is out of control, according to the local mayor there. relocating migrants who are working to get their immigration papers, moving them to a local football stadium. violence broke out and police used fire extinguishers to the crowd which included many children. reporter: tensions running high on the greek island of kos. police sprayed migrants with
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fire extinguishers to prevent a stampede. hundreds were looking to move into a football stadium and register with local authorities. desperate to move off the streets and beaches of the tourist island where they had been camping for weeks. >> no toilet, no workers, people have been waiting for more than 10 years -- 10 days. what can i say? if this is europe, we're going back to syria. >> i don't have money. please help me. i want to go. i don't want to stay in greece. i want to go to europe. we are bigger people, bigger problem, syria. reporter: for many like her, greece is a steppingstone to a better life elsewhere in europe. kos's mayor say there are 7,000 migrants on the island with is a population of just 30,000.
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many of the migrants are fleeing violence in afghanistan and syria, and they have been streaming into greece via turkey. around 124,000 people have entered the country so far in 2015. most of them through eastern islands. laura: a breekthrough now in efforts to find those responsible for shooting down a malaysian airlines jet over ukraine last year. dutch prosecutors say they found what they believe to be part of a russian-made missile. flight mh-17 went down over ukraine last july killing everyone onboard. pro-rebel russians seem suspected. i spoke to julia in moscow and she told us reaction from the kremlin. -- a: there hasn't been any information also. but moscow is likely to stick to the old line and wait until after the official
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investigation into the crash -- until the crash is complete. and allegations it was a russian-made missile. moscow denies any responsibility into the crash and said when the ukrainian army and moscow has two versions what happened to that plane, one of the versions is that it was shot down by ukrainian fighter jets. and the second version it was shot down from the ground by ukraine army. but it was dismissed by some experts. but russia's foreign minister, he commented on information last week about this could have been a russian-made missile and he said while it's easy to establish where this missile was made and which country it belongs to but according to him that hasn't yet been done. so moscow is ready to dismiss the latest allegations and wait until october when the dutch report is due to come out. laura: and julia, how could the
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lead into an international tribunal, something they are against? julia: the latest parts that have been found -- have been discovered, they will still have to be investigated further and they could have established just who was behind this attack. but moscow is unlikely to be much of help in this case. russia has already vetoed a u.n. security council resolution when trying to establish international tribunal and instead moscow has been trying to push its own resolution which calls -- which doesn't call for an establishment of a tribunal. so moscow seems to be very much against any kind of tribunal into this crash, and certainly moscow will try to -- most likely try to veto any further attempts to establish one. laura: julia over there reporting earlier. now at least 47 people have been killed and dozens more injured after a blast at a market in northern nigeria.
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the blast in borno state has been blamed by hoch hoch. many have been -- by boko haram. many have been killed by them. talks between libya's rival factions are set to resume on tuesday in geneva. for the first time the powerful rebel group which holds control over the capital of tripoli, they have been torn apart by militia following the fall of muammar qaddafi in 2011. reporter: an end to the conflict that has plagued libya for four years, those are the talks that have just begun in libya. they started in the presence of representatives from both the governments of the country. >> we are proposing the parties to work on the coming three weeks and to try to have agreement on these important two points, on the annexes and
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the unity of government by the end of august. reporter: libya has two parliaments, the first general government is backed by the libya militias and the other is recognized by the international community. since the fall of qaddafi, the country is in chaos. there are terrorist attacks and rampant infighting between militias. agreement on a government of national unity, the u.n.'s second objective, is a point of contention. but hope is rekindling. >> the fact we have overcome that and we need to find a tangible and clear way to address these objections in order to make sure that these assurances are credible and they are not just political assurances in order to have some cosmetic agreement, we want a practical agreement that can actually translate to stability on the ground to libya. reporter: mohammed is a member of the general congress which was boycotted in morocco last
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movent. the unrecognized parliament said changes had not been met. the enjoy leader now hopes by wednesday evening the parties will redouble their efforts to reach a concrete agreement. laura: turkey's president says kurdish militants have suffered serious losses after series of strikes in the southeastern province. turkish warplanes hit 17 targets there on tuesday. one day after attacks against turkish security forces inin istanbul and elsewhere. the campaign will continue until, quote, not a single terrorist remains on our territory. while iran's foreign minister was supposed to be in turkey this tuesday, but he cancelled his visit at the last minute. iran and turkey disagree over the situation in syria with iran continuing to support president assad. turkey backs the rebels. and we explain various comments in a turkish newspaper may be
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responsible for the late change to his schedule. reporter: the fraying of relations, a mere problem with timing, these are the questions surrounding the last-minute cancellation of the trip planned by the iranian foreign minister to the turkish capital. one official have cited shattering problems, the timing of the announcement is mysterious. according to reports, it was an rticle published by an opposition newspaper which pressed tensions to a new low. in his one-page article, he had criticism over turkey's regional policies. and saying in his op-ed, the diplomat made in references to turkey not doing enough to hold the rise of islamic state militants while suggesting that it join the u.s.-led coalition only when the country, too, became a target. but the article has merely
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fueled the fire in an already-tense region. iran and turkey back opposing fights in yemen. however, the neighboring countries could take strides to mend relations. according to the iranian foreign ministry, the trip would still go ahead but at a later date. laura: in the town of ferguson, missouri, tensions are running high. a year after the killing of black teenager michael brown, over 20 people were arrested during the latest protest, but none of the violence marred the weekend demonstrations. police say smoke or tear gas was used. a state of emergency was declared in ferguson on monday, and one man is recovering in a hospital after he was wounded in a shootout with police. 4 1/2 years after the meltdown at the fukeshumea -- fukushima plant, japan will start using nuclear power.
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they switched on the reactor tuesday. they pledged to return to nuclear energy has sparked protest across the country. he insists it's necessary as the country can no longer afford to import oil and gas. reporter: the haunting scenes of fukushima are still fresh in the minds of these protesters. the consequences of an earthquake and then a tsunami, the march, 2011, disaster killed thousands and left over 150,000 people unable to return to their homes. four years on and nuclear reactor number one has been rned back on to the anger of protesters. citizens divided in japan, among the critics, the foreign prime minister, he was in office when disaster struck. >> the government of shin zoe abba is going to ruin.
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reporter: they say it's an irresponsible move. there are lots of earthquakes, lots of volcanic activities. restarting the reactor is completely immoral. reporter: obviously it will be better off without the nuclear plant, but it's been there for decades. anyway, i'm old now but it's our grandchildren that i worry about. >> there's no way of knowing what could happen in the future. reporter: tokyo reassured people that security has been respected and is stricter than before fukushima. a return to nuclear is necessary due to the huge costs of importing alternatives. since 2011, japan has been buying fossil fuels for much of their energy needs. a financial burden but also an environmental one. in recent years, the anti-nuclear movement here has grown. the latest survey showed that 57% of japanese people were
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gainst restarting the reactor. laura: here in paris, the mayor is standing her ground over plans to host a tel aviv day at the artificial beach. 16,000 people have called for them to scrap the event which is backed the israeli tourist board. pro-palestinian groups say it's immoral. olivia has this report. olivia: political controversy. they are causing a stir this year to host a tel aviv event at the artificial beach. organizers are hoping for a festival atmosphere with food trucks, deejays and outdoor activities. yet, the event has been harshly criticized to say it's an inappropriate show of support for israeli government policy, particularly in the wake of an attack on a west bank village
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in which a pill stanian toddler burned to death -- palestinian toddler burned to death. over 16,000 signatures have been collected. paris council showed the left party said the event sends a very bad message. taking place over the massacre in the gaza strip by the israeli state and army at a time when the government is intensifying its settlement policy. she is suggesting it be replaced by a peace protest to fight all forms of racism, anti-semitism and in recognition of a palestinian state. paris mayor hidalgo planned the event on a visit in may. they brush off any talks of canceling it with right wing and centrist saying -- announced anti-semitism. they have moved to reinforce security amid fears of protest.
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300 extra police officers will be deployed in the french capital. laura: a quick reminder of our international headlines this hour. there's some respite to greece this tuesday. they secured an 85 billion euro bailout from creditors in return. make more economic reforms which will have to be approved by the greek parliaments and other countries in the euro zone. there's a breakthrough to find those responsible for shooting own a plane last year. they believe to have been a russian-made missile. the united nations agree to share power by the end of the month, libya was plunged into chaos after the fall of muammar qaddafi four years ago. well, let's get an update on the business news. we are going to start over in china with the latest news by
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the central bank. >> that's right. we saw an abrupt valuation. the people's bank of china cut the value of the yuan, they call it a depreciation but it's the bowledest sign yet of the slowdown in the second largest economy is mounting. alexander reports. alexander: the free market reform, but the latest move from china's central bank could be the beginning of a longer term slide in the exchange rate. the central bank said the value of its currency against the u.s. dollar down nearly 2%. it's the lowest rate in nearly three years and the biggest one-day fall in nearly two decades. the move follows more disappointing data over the weekend. it showed exports were down more than 8% than the year earlier. it comes as a weaker global demand for chinese goods and a stronger demand for u.s. manufacturers. >> there was a study in 10 years, china's costs increased by 8.5 times. so china's manufacturing cause
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is only marginally lower than in the u.s. so this actually makes china's exports uncompetitive. alexander: earlier this year china announced the new normal but slower but higher quality growth. the second largest economy targeted the growth of 7%, the lowest in 25 years. but it may even struggle to make that. but despite figures which shocked global markets, there are few signs of concerns among chinese people. >> it should be a good thing for people's lives, products will be easier to export and it will be easier to sell things so it should be a good thing. >> for the country it might be beneficial for exports but to me it might be expensive to go travel abroad as costs will increase. alexander: china's devaluation has impacted regional currencies, raising fears of a currency war. delano: greece and its
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creditors have reached an in-principle agreement ton a bailout. it will see athens receive 85 billion euros in loans spread out over three years. greece's parliament is expected to vote on the agreement before the euro group meets on friday. speaking earlier, finland's finance minister said a reduction of greek debt is not part of the deal. take a listen. >> we must take one step at a time. agreement is a big word. there remains work to be done on the detail. >> cuts are not on the table at the moment. we've said from the beginning that maturities could be lengthened. but it is too early to talk about debt reductions. delano: let's get a check on the markets now and it is in greece but china impacted. in the u.s., cuts over 1% across the board at this hour. trading down 260
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points this session. they are down over 1% at this hour. here in europe, the dax and frankfurt led declines slumping over 2.5%. companies that export heavily to china tumbled during the session. french luxury goods maker lbmh slumped 5% at the lokesw close. the a.s.e. index is 2% higher this tuesday. and china surprised devaluation is also rattling the oil markets. concerns remain over demand from the world most populated country. u.s. troops at the lowest level -- u.s. at the lowest level. internet giant google is creating alphabet. it will focus on some of the company's more innovative products like self-driving cars. but internet search, youtube ill remain part of google.
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>> from the beginning of a search engine to now making cars, google is much more than a web pioneer. so much so it decided to split up and now the search engine google will become just a g in the whole alphabet. under an umbrella company called alphabet. here's an abc to understand why google decided to split up into smaller parts. a is for ambition. google wants more room for blue sky thinking to test new ventures like internet transmission balloons or self-driving google cars. the autonomy is smaller companies could make it easier. b is for business. smaller companies are easier to scale up and down. projects like google glass has not been as successful as they hoped. separating up more risky ventures could help them to be more competitive. google the search engine can concentrate on the money's main
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ventures. c is for c.e.o. each section will have dedicated c.e.o.'s allowing, they hope, more autonomy and leadership. the tech giant co-founder larry paige will head up alphabet. and finally, w is for wall street. google will now be traded as alphabet and investors have welcomed the news as stocks began trading. delano: here's another look at other news. jaguar, is care currently carrying out a feasibility study. it wants production at the plant to reach 300,000 cars per year. it would push jaguar land rover further away from the british plant. and a company will roll out a new travel website that will offer price comparisons.
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ryanair doesn't wish to remain dependent on third-party sites. the website is expected to launch this you a tom. and uber, the company's offices were raided in hong kong this tuesday. the move comes after five drivers were arrested by police officers posing as customers. the drivers are suspected of illegally carrying passengers and driving without insurance. uber, meanwhile, says it ensures all rides are covered by insurance and stands by its driver's -- drivers 100%. now, russia says it will add seven new countries to its ford import ban list. russia has banned ford imports from western countries. e move was seen as a tit for tat. recently, the e.u. agreed to extend sanctions on russia for another year. and that's it for this business bulletin. laura, i'll hand it back over
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08/11/15 08/11/15 [captioning made possible by democracy now!] amy: from venice, italy, this is democracy now! to speak about the presence. art and artists cannot be dispossessed of the capacity to reflect the social condition under which art is made, traded, and position. amy: all the world's futures. that's the theme to this year's venice biennale, the oldest and mo
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